Bayerische Motoren Werke AG
BMW: XETR (DEU)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Sj | LOCK|Cj | LOCK|B^LB#? |
BMW Earnings: Cost Actions Extend Beyond China; Shares Undervalued
BMW reported second-quarter automotive EBIT margin of 2.3%, within its recently lowered 1%-3% guidance, although 310 basis points below last year. China remained the principal drag on earnings, outweighing resilient demand in Europe and North America as well as continued cost-efficiency gains.
