The board has approved ramping up Volkswagen's transformation plan. Total headcount reduction will increase by 50,000 to 120,000; investment spending will be reduced by almost 20%, and the outlook for China has been softened, prompting a stronger export strategy.
VW is taking all the right steps to improve returns—capacity reductions in Europe, localization in China, tapping into the lucrative US pickup truck market, and maximizing the use of common platforms.
With many capital-intensive projects underway simultaneously during an environment of extreme competition and technological change, we are skeptical that management has the bandwidth to execute as guided.
|
Metric
|
VOW
|
MBGAF
|
7201
|
|---|---|---|---|
Price/Earnings (Normalized) | 3.42 | 7.11 | 955.74 |
Price/Book Value | 0.20 | 0.41 | 0.21 |
Price/Sales | 0.11 | 0.28 | 0.09 |
Price/Cash Flow | 0.79 | 2.83 | 6.32 |
|
Metric
|
VOW
|
MBGAF
|
7201
|
|---|---|---|---|
Quick Ratio | 0.80 | 0.81 | 1.27 |
Current Ratio | 1.07 | 1.32 | 1.56 |
Interest Coverage | 4.16 | 18.87 | −3.47 |
|
Metric
|
VOW
|
MBGAF
|
7201
|
|---|---|---|---|
Return on Assets (Normalized) | 0.90% | 1.96% | — |
Return on Equity (Normalized) | 3.41% | 5.46% | — |
Return on Invested Capital (Normalized) | 1.94% | 2.74% | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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TSLA
| LOCK|PnMdT<z | LOCK|%<H%^ | $1T | |||
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TM
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GM
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RACE
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MBGAF
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BMWKY
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RIVN
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United States