Richard Hilgert

We have increased our fair value estimate.

A global presence, with many of its facilities in high-cost countries.

No-moat Renault’s fair value estimate slightly reduced to EUR 82.

The company highlighted revenue growth and margin expansion as software becomes a larger portion of overall revenue.

Porsche preferred shares expected to start trading on Sept. 29. We’re maintaining our Volkswagen fair value estimate of $33.

Despite near-term uncertainty, there are many reasons to be optimistic about long-term demand.

Although we expect some negative impact on our fair value estimates, we remain focused on long-term value.

A look at the automakers and suppliers that are best positioned to benefit from the industry's recovery.

We think the market has valued Stellantis as though fundamentals will only deteriorate from historic levels.

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.

Our analysts offer their annual global auto overview, forecast, and actionable ideas.

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 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.