ALV Autoliv Inc.

Gabelli Automotive Symposium Keynote to Focus on Internet of Things

RYE, N.Y.--(BUSINESS WIRE)--

Gabelli & Company is pleased to announce Bridget Karlin, Managing Director in the Internet of Things (IoT) Strategy and Integrated Products Division at Intel Corporation (NASDAQ – INTC), will deliver a keynote address at its 40th Annual Automotive Aftermarket Symposium on November 1 in Las Vegas.

Ms. Karlin is responsible for managing the commercialization and marketing of the Intel IoT Platform and Intel’s IoT partner-branded offerings, leveraging Intel's silicon, software and services that engage Intel’s ecosystem of partners to accelerate market adoption. She also represents Intel as an IoT expert that works closely with U.S. policy makers to influence legislation ranging from automated driving to industrial IoT that keeps pace with technology innovation to enable business, environment and social transformation across a global marketplace.

Ms. Karlin is a recipient of the 2016 Industrial IoT 5G Industrialists and Innovators award, the Malcolm Baldrige Software Quality award, listed in the top Fast 50 Tech CEO’s, and recipient of the BellSouth Technology Innovator award.

Investors should contact their salesperson for more information or to register.

     

Participating Companies

 
Autoliv Inc. NYSE – ALV
AutoNation, Inc. NYSE – AN
AutoZone, Inc. NYSE – AZO
Axalta Coating Systems, Ltd. NYSE – AXTA
CLARCOR Inc. NYSE – CLC
Cooper Tire & Rubber Company NYSE – CTB
Dana Incorporated NYSE – DAN
Donaldson Company, Inc. NYSE – DCI
Genuine Parts Company NYSE – GPC
Intel Corporation NASDAQ – INTC
Lear Corporation NYSE – LEA
Monro Muffler Brake, Inc. NASDAQ – MNRO
Motorcar Parts of America, Inc. NASDAQ – MPAA
Navistar International Corp. NYSE – NAV
O’Reilly Automotive, Inc. NASDAQ – ORLY
Penske Automotive Group, Inc. NYSE – PAG
Rush Enterprises, Inc. NASDAQ – RUSHA
Standard Motor Products, Inc. NYSE – SMP
Superior Industries International Inc. NYSE – SUP
Tenneco, Inc. NYSE – TEN
Truck Hero Private
U.S. Auto Parts Network, Inc. NASDAQ – PRTS
Uni-Select, Inc.

TSX – UNS

© 2016 G. research, LLC - All rights reserved.

G.research, LLC, an institutional research and brokerage firm, is a subsidiary of Associated Capital Group, Inc. (NYSE:AC). Gabelli & Company is the marketing name for the registered broker dealer G.research, LLC. G.research, LLC, One Corporate Center Rye, NY 10580. Member of FINRA and SIPC.

EN
20/10/2016

Underlying

ALVAutoliv Inc.

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Reports on Autoliv Inc.

Mattias Holmberg
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ALV AUTOLIV INC.

Autoliv (Buy, TP: SEK1435.00) - Set for an undramatic Q1

We are roughly in line with Q1 consensus, and expect an adj. EBIT margin close to the guidance of c7% and a reiteration of the 2024 guidance. We estimate c30% adj. EBIT growth for 2024 and the cUSD0.9bn of the buyback mandate that remains for this year to further support the stock, which remains one of our sector top picks. We reiterate our BUY, and have raised our target price to SEK1,425 (1,300).

04/03/24 April 3, 2024 1 EN
Mattias Holmberg
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ALV AUTOLIV INC.

Autoliv (Buy, TP: SEK1300.00) - Simply the best

After the Q4 results, Autoliv remains a sector top pick, with 2024e adj. EBIT growing >30% YOY, while the valuation remains supportive at a c10x P/E. We also expect the company to further accelerate share buybacks, where it has cSEK1bn (c12% of market cap) left of the current mandate that runs through end-2024. We have made minor estimate changes and trimmed our target price to SEK1,300 (1,320), and reiterate our BUY.

01/28/24 January 28, 2024 1 EN
Mattias Holmberg
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ALV AUTOLIV INC.

Autoliv (Buy, TP: SEK1320.00) - Earnings growth and buybacks

We are roughly in line with Q4e consensus. Focus should be on the 2024 guidance, which we expect to be for 4–6% organic growth and a 10.5–11.0% adj. EBIT margin, leaving room for gradual increases during the year. We estimate >30% EPS growth for 2024, with support from the USD1.5bn buyback mandate. We reiterate our BUY but have trimmed our target price to SEK1,320 (1,360).

12/05/23 December 5, 2023 1 EN
Mattias Holmberg
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VOLV B Volvo AB Class ...
ABB ABB LTD. ... (+13)

Decoding Alpha

Our analysis of underlying total shareholder return (TSR) drivers for Swedish Industrial companies reveals that high returns are not synonymous with high valuations. Investors tend to overpay for ‘growth’, while cash returns such as dividends and buybacks are typically deeply discounted. We believe Autoliv, Alfa Laval and Hexagon offer the most long-term TSR potential (13–14% annualised), with SKF and Trelleborg at the other end of the spectrum (8–9%), while also concluding that several stocks l...

VOLV B VOLVO AB CLASS B
ABB ABB LTD.
SAND SANDVIK AB
ALV AUTOLIV INC.
TREL B TRELLEBORG AB CLASS B
ASSA B ASSA ABLOY AB CLASS B
SKF B SKF AB CLASS B
HPOL B HEXPOL AB CLASS B
ALFA ALFA LAVAL AB
ATCO A ATLAS COPCO AB CLASS A
HEXA B HEXAGON AB
BEIJ B BEIJER REF AB
NIBE B NIBE INDUSTRIER AB
11/05/23 November 5, 2023 1 EN
Mattias Holmberg
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ALV AUTOLIV INC.

Autoliv (Buy, TP: SEK1360.00) - Get in and buckle up

Autoliv’s Q3 results have reinforced our view of the stock as a sector top pick. Autoliv ranks highest on earnings growth (2024e adj. EBIT up 43% YOY) and share buybacks (USD1.2bn still to be executed before end-2024e), while also being among the most attractively valued in the sector (2024e P/E of 8.5x versus a 12.4x average since the Veoneer spin-off in 2018). We have increased our 2023–2025e adj. EBIT by 10% on average (mainly due to a structurally lower tax rate) and raised our target price ...

10/21/23 October 21, 2023 1 EN

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