Continental AG ADR CTTAY
Morningstar’s Analysis
1-Star Price
PREMIUM
5-Star Price
PREMIUM
Economic Moat
PREMIUM
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Company Profile
Continental is a global auto supplier and tiremaker. Operations include chassis and safety, powertrain (Vitesco after the spin-off to shareholders), interior, tires, and ContiTech, which uses rubber in industrial and automotive components and systems. Last year, automotive group revenue was 60% of Continental's total business while the rubber group was 40% (tires 27% and ContiTech 13%). Continental's largest markets are Europe excluding Germany, North America, and Asia, accounting for about 30%, 26%, and 22% of 2019 revenue, respectively. On its own, Germany accounted for 19% of revenue. The company's top five customers are Daimler, Fiat Chrysler, Ford, the Renault-Nissan-Mitsubishi alliance, and Volkswagen, representing about 39% of total revenue.
Hanover, 30165, Germany