The damage won't be fixed overnight, but we don't believe it's structural.
We are not changing our fair value estimate for the no-moat firm.
Here are the auto-parts suppliers that should benefit.
We expect its revenue to grow far faster than vehicle demand.
The stock is trading at a compelling discount to our fair value estimate.
We think the automaker is undervalued.
We have maintained fair value estimate as the fine from the German public prosecutor had minimal impact.
We think this no-moat company’s shares are undervalued.
Innovation enables increasing dollar content per vehicle and bolsters margins.
Given the vast amount of already shared purchasing, engineering, and vehicle platforms between the alliance partners, an integration of the firms could be relatively rapid.
The automaker plans to expand production of electric vehicles worldwide.
The narrow-moat firm is buying Germany-based wholesale distributor Stahlgruber GmbH.
We think the maker of Mercedes is undervalued.
The company is both a beneficiary and an enabler of global clean-air regulations.
We think the Street is misunderstanding the growth potential of this narrow-moat automotive systems manufacturer.
We think the automaker is trading at a compelling discount to our fair value estimate.
Shares of the no-moat automaker are about 15% undervalued relative to our forecast for cash flows and returns.
The firm’s narrow moat is evident in pricing power that generates ROICs in excess of 40%.
The wide-moat Formula One racer and exotic sportscar-maker is now fairly priced based on our forecasts for cash flow and returns on invested capital.
The stock price of this narrow-moat auto-parts maker doesn't reflect the company's growth and margin prospects.
The luxury automaker has substantial pricing power.
Wall Street is looking at wide-moat Ferrari the wrong way, says Morningstar's Richard Hilgert.
We think the demise of the diesel engine may be inevitable, but it is definitely not imminent.
The luxury automaker's stock will probably trade at rich levels akin to the rich heritage of the company.
Between its brand image and its scarcity, this automaker is in the driver's seat.
The stock's trading at a wide discount to our fair value estimate, but it's not for the faint of heart.
Morningstar's Rich Hilgert has already factored in lower demand, and his valuations are unchanged.
Despite generally rich valuations across the industrials space, some pockets of value still exist.
Synergies from the Fiat Chrysler merger, along with funding raised from their current capital transactions, should be a boon for investors.
Management credibility and debt issues have been clouds over Fiat Chrysler's stock, but the deep discount to our fair value estimate could make it an interesting if volatile pick.
Although it has many risks, this undervalued company is driving on a route to future growth.
We applaud management for remaining constant in the face of union pressure for a higher price.
Global scale and record of innovation fall short in providing this auto parts supplier with an economic moat.
We're adding captive finance issuers to our credit rating universe.
We identify supplier traits that enable investor returns.