Professional
Added to YB: 2024-03-20
Pitch date: 2023-12-31
BMW.DE [bullish]
Bayerische Motoren Werke Aktiengesellschaft
+6.01%
current return
Author Info
No bio for this author
Company Info
Bayerische Motoren Werke Aktiengesellschaft develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.
Market Cap
EUR 49.1B
Pitch Price
EUR 90.50
Price Target
N/A
Dividend
5.36%
EV/EBITDA
9.08
P/E
8.62
EV/Sales
1.04
Sector
Automobiles
Category
value
Third Avenue Management Value Fund Portfolio Holding - BMW
BMW.DE: Impressive 12.8% USD annualized TSR over 5 years despite valuation multiple decline from 6.5x to 6.1x forward earnings. 30-year TSR of 10.6% USD, beating MSCI World. 8.4% dividend yield, trades at 73% of book with 12.7% ROE. EUR 20B+ excess cash (1/3 of market cap), EUR 4B buybacks. Keeping pace in EV transition, growing BEV volumes faster than TSLA recently. Valuation of 6.1x earnings seems low considering cash, Rolls-Royce stake.
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