ABB specializes in power and automation technologies. Co. provides a broad range of products, systems, solutions and services that are designed to boost industrial productivity, increase power grid reliability, and enhance energy efficiency. Co.'s automation businesses serve a full range of industries with process optimization, control, measurement and protection applications. Co.'s power businesses focus on power transmission, distribution and power-plant automation, and support electric, gas and water utilities, as well as industrial and commercial customers.
  • TickerABB
  • ISINCH0012221716
  • ExchangeNasdaq Nordic Stockholm
  • SectorIndustrial Engineering
  • CountrySweden
Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Sector Report - Tough Q2, but June the start of the recovery

Q2 results on 22 July at 7:00 CET Expect orders -14%, margin 7.9% (11.5%) Ambitious targets, high all-in valuation

Anders Idborg ...
  • Olof Cederholm

ABB Ltd - Adding buybacks to estimates

Q2 results on 22 July at 7:00 CET Expect orders -14%, margin 7.9% (11.5%) Ambitious targets, high all-in valuation

ABB Ltd: Key Facts and Statistics - LTM March 2020

A summary company profile, detailing ABB Ltd’s business operations and financial highlights.

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Marc Lavaud
  • Nicolas David
  • Olfa Taamallah
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/09/2020

The increase in Fortum’s stake in Uniper to 73.4% upends the two groups’ strategic priorities. In seeking to maintain an investment grade credit rating, Uniper might have to scale back its ambitions in terms of growth investments. In an environment where rivals are looking ahead to the future, Fortum and Uniper are uniting in adversity. We initiate coverage of Uniper with a Reduce rating and a target price of € 24.30. - Cf. company report published last evening. - ...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Marc Lavaud
  • Nicolas David
  • Olfa Taamallah
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/07/2020

La montée de Fortum au capital d’Uniper à 73.4% rebat les cartes des priorités stratégiques des deux groupes. La volonté de maintenir la note de crédit en catégorie « investment grade » pourrait se traduire par une réduction des ambitions d’Uniper en matière d’investissements de croissance. Dans un environnement où les concurrents se projettent dans l’avenir, Fortum et Uniper sont en train de s’unir dans l’adversité. Nous initions le suivi d’Uniper avec une opinion Alléger et un OC de...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global Equities Beginning a New Leg Higher Positive technical developments have continued and global equities are now breaking out to new highs -- something we noted was increasingly likely in last week's Int'l Compass. These breakouts and other technical developments highlighted below argue that this is the beginning of a new leg higher. Now is the time to be playing offense. • MSCI ACWI, EAFE, and STOXX Europe 600 are Breaking Out. The ACWI, EAFE, and STOXX 600 are making bullish inflections, following in the footsteps of MSCI EM and Japan. The proliferation of breakouts is building a stro...

Valérie GASTALDY

Short term view - ABB LTD : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at CHF 19.16. The background trend would be questioned should prices rise above CHF 21.40.

Valérie GASTALDY

Analyse court terme - ABB LTD : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 19,16 CHF. La tendance de fond serait remise en cause en cas de franchissement de 21,40 CHF.

Valérie GASTALDY

Analyse court terme - ABB LTD : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 19,159 CHF, puis 18,387 CHF. Le franchissement de 21,400 CHF remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - ABB LTD : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at CHF 19.159, then CHF 18.387. Passing CHF 21.400 would question the continuation of the fall.

Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Sector Report - Tough Q2, but June the start of the recovery

Q2 results on 22 July at 7:00 CET Expect orders -14%, margin 7.9% (11.5%) Ambitious targets, high all-in valuation

Anders Idborg ...
  • Olof Cederholm

ABB Ltd - Adding buybacks to estimates

Q2 results on 22 July at 7:00 CET Expect orders -14%, margin 7.9% (11.5%) Ambitious targets, high all-in valuation

Alfred Glaser ...
  • Delphine Brault

ABB : Q2 will be poor but not disastrous

>The quarter will probably be in line with the most recent indications - Following the guidance given at the Q1 results and the strategy day organised by the new CEO (10 June), we knew that Q2 would most likely see a double-digit fall in sales and across1ethe-board margin declines. All told, we look for sales of $ 5,649m (-17% l-f-l), an operational EBITA margin of 6.9% ($ 390m), EBIT of $ 119m and a net profit of $ 70m. Q1 had already shown a fall of 7% in sales and a...

Alfred Glaser ...
  • Delphine Brault

ABB : Le T2 sera très faible mais pas désastreux

>Un trimestre probablement en ligne avec les dernières indications - Suite aux perspectives données avec le T1 et lors de la journée stratégie du nouveau PDG (10 juin), nous savions que le T2 verrait très certainement un recul à deux chiffres de son activité et des marges partout en baisse. Nous tablons au final sur un CA de 5 649 M$ (-17% en comparable), une marge « operational EBITA » de 6.9% (390 M$), un EBIT de 119 M$ et un RN de 70 M$. Le T1 avait déjà produit un...

Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Powerpoint Sector Report - The Capital Goods Data Miner - June 2020

While China is approaching normality, Europe and North America will be grim in Q2, and the severity of the demand drop is less important than what companies can do to safeguard cash flow and the balance sheet. We advise sticking with companies with low funding risk and end-markets which are not permanently damaged. We continue to see relative attraction in mining equipment. Our key long ideas are: Sandvik, Volvo, Metso, Electrolux. We are cautious on: Cargotec, Konecranes, Wärtsilä.

ABB Ltd: Key Facts and Statistics - LTM March 2020

A summary company profile, detailing ABB Ltd’s business operations and financial highlights.

ABB Ltd - March 2020 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

ABB Ltd.: Update following downgrade to A3

Our credit view of ABB, reflecting its strong business profile in a cyclical sector and its solid liquidity.

ABB Ltd.: Update following downgrade to A3

Our credit view of ABB, reflecting its strong business profile in a cyclical sector and its solid liquidity.

ABB Ltd. - December 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Marc Lavaud
  • Nicolas David
  • Olfa Taamallah
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/09/2020

The increase in Fortum’s stake in Uniper to 73.4% upends the two groups’ strategic priorities. In seeking to maintain an investment grade credit rating, Uniper might have to scale back its ambitions in terms of growth investments. In an environment where rivals are looking ahead to the future, Fortum and Uniper are uniting in adversity. We initiate coverage of Uniper with a Reduce rating and a target price of € 24.30. - Cf. company report published last evening. - ...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Marc Lavaud
  • Nicolas David
  • Olfa Taamallah
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/07/2020

La montée de Fortum au capital d’Uniper à 73.4% rebat les cartes des priorités stratégiques des deux groupes. La volonté de maintenir la note de crédit en catégorie « investment grade » pourrait se traduire par une réduction des ambitions d’Uniper en matière d’investissements de croissance. Dans un environnement où les concurrents se projettent dans l’avenir, Fortum et Uniper sont en train de s’unir dans l’adversité. Nous initions le suivi d’Uniper avec une opinion Alléger et un OC de...

Martin Arnell ...
  • Mattias Holmberg
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Alfred Glaser ...
  • Delphine Brault
  • Jean Sassus
  • Pierre Tegner
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/11/2020

The cost-cutting plan helps address the group’s underlying weaknesses, but we do not think it is enough given the prospect of volumes remaining under persistent pressure. Our 2022 estimates, which are ~20% below the consensus, are still well short of the already weak 2019 level for most metrics, particularly the auto margin and FCF. Against this backdrop, the valuation argument alone does not carry enough weight and we are maintaining our Neutral rating, as we prefer Volkswagen and Pe...

Alfred Glaser ...
  • Delphine Brault
  • Jean Sassus
  • Pierre Tegner
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/06/2020

Le plan de réduction de coûts répond, certes, aux faiblesses du constructeur mais ne nous semble pas suffisamment tenir compte d’un environnement volumes durablement dégradé. Ainsi, nos estimations 2022, ~20% inférieures au consensus, restent largement inférieures à 2019 sur la plupart des agrégats, notamment la MOP Auto et le FCF. Dans ce contexte, l’argument de la valorisation ne nous semble pas, seul, pertinent et nous maintenons notre opinion Neutre, préférant Volkswagen et Peugeo...

With a more favourable environment, ABB LTD N improves to Slightly Positive

ABB LTD N (CH), a company active in the Industrial Machinery industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date May 22, 2020, the closing price was CHF 18.24 and its potential was estimated at CHF 20.75.

Systematic Ideas - Long ABB (ABBN SW) & Santander (SAN SM) - 26 Oct

Long ABB (ABBN SW) A glance through the results shows growth across all metrics, which is something that we believe the market will value positively. Interestingly, this was the crucial statement by the CEO today - "The combination of a stronger market orientation and a focus on high growth segments, such as electric vehicle charging, robotics and food and beverage, is paying off". Further, the statement says that the Electrification Products and Robotics & Motion divisions improved margins sequentially. Comparing peers YTD, this is relatively unusually positive (c.f. GE & SIE GY) ABB’s man...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

ABB LTD – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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