Bayerische Motoren Werke is a holding company, engaged in the development, manufacture and sale of cars and motorcycles. Co. owns three brands: BMW, MINI and Rolls-Royce. Co.'s BMW automobile range encompasses the 1 Series, including coupe and convertible models; the 3 Series, including sedan, touring, coupe and convertible models; the 5 Series, including sedan and touring models; the 6 Series, including coupe or convertible; the 7 Series large sedan; the Z4 roadster and coupe; the sports utility vehicles, X3, X5 and X6 and M models. Co. also provides cars under the MINI brand and motorcycles under the BMW brand. The Rolls-Royce brand provides three cars, Phantom, Coupe and Ghost.
  • TickerBMW
  • ISINDE0005190003
  • SectorAutomobiles & Parts
  • CountryGermany
Alain William

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/06/2020

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Alain William

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 06/08/2020

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Anthony Dick ...
  • Michael Foundoukidis

BMW : Lower quality Q2 2020 release but reassuring FY outlook

>Q2 results below expectations and, more importantly, of lower quality - BMW yesterday reported Q2 2020 results that were slightly lower than expected and, more importantly, of lower quality with the automotive division falling short of expectations, further significant provisions and still strong support from Eliminations. This aside, the very good performance in China should be underlined, as should the better FCF (WCR, fall in inventories) even though investors pro...

Anthony Dick ...
  • Michael Foundoukidis

BMW : Un T2 2020 de moindre qualité mais des perspectives 2020 rassurantes

>Des résultats T2 légèrement inférieurs et surtout de moindre qualité - BMW a publié, hier, des résultats T2 2020 légèrement inférieurs aux attentes mais surtout de moindre qualité avec une division Auto sous les attentes, de nouvelles provisions élevées et un soutien encore important du poste Eliminations. Au-delà, il convient toutefois de souligner la très bonne performance en Chine et le FCF meilleur (BFR, baisse des stocks) même si les investisseurs attendaient sa...

Oscar Rodriguez

BMW: MENSAJES DE LA CONFERENCE CALL RDOS. 2T’20 (ANÁLISIS BANCO SABADELL)

De la conference call de Rdos. 2T’20 destacamos:  Guidance 2020: La compañía mantiene que esperan un entorno de recuperación en la segunda parte del año y un margen EBIT en el rango del rango 0%/+3% en Coches en 2020 (vs 2,7% BS(e) y vs -4% en 1S’20) les parece factible a menos que la situación epidemiológica se degrade con fuerza.  Vehículo Eléctrico: BMW confía en seguir desarrollado su catálogo en vehículo eléctrico y que este les permita alcanzar sus objetivos de emisiones para 2020. En todo caso, destacan que el principal riesgo a futuro se encuentra en como implemen...

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Sector Synopsis

Int'l Equity Strategy In using technical analysis, we let the market be our guide. That is, we analyze what is true in the market, utilizing the vast array of tools in our technical analysis toolbox which we then formulate into our outlook using a weight of the evidence approach. In a world where there are no shortages of things to worry about (trade wars, central banks, Trump impeachment, negative interest rates, low global growth, Brexit, Manufacturing weakness, elections, Hong Kong protests, the list goes on...), our tools help us cut through the noise and conjecture. After all, what if th...

Matthieu DRIOL

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

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 76,40 € prochainement. Le prochain objectif est à 72,25 €, puis 67,50 €. Le franchissement de 86,74 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

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

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €76.40. The next target is at €72.25, then €67.50. Passing €86.74 would question the continuation of the fall.

Matthieu DRIOL

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

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 76,40 € prochainement. Le prochain objectif est à 72,25 €, puis 67,50 €. Le franchissement de 86,74 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

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

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €76.40. The next target is at €72.25, then €67.50. Passing €86.74 would question the continuation of the fall.

1 director bought

A director at Bayerische Motoren Werke Ag bought 1,999 shares at 73.030EUR and the significance rating of the trade was 65/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The ...

Anthony Dick ...
  • Michael Foundoukidis

BMW : Lower quality Q2 2020 release but reassuring FY outlook

>Q2 results below expectations and, more importantly, of lower quality - BMW yesterday reported Q2 2020 results that were slightly lower than expected and, more importantly, of lower quality with the automotive division falling short of expectations, further significant provisions and still strong support from Eliminations. This aside, the very good performance in China should be underlined, as should the better FCF (WCR, fall in inventories) even though investors pro...

Anthony Dick ...
  • Michael Foundoukidis

BMW : Un T2 2020 de moindre qualité mais des perspectives 2020 rassurantes

>Des résultats T2 légèrement inférieurs et surtout de moindre qualité - BMW a publié, hier, des résultats T2 2020 légèrement inférieurs aux attentes mais surtout de moindre qualité avec une division Auto sous les attentes, de nouvelles provisions élevées et un soutien encore important du poste Eliminations. Au-delà, il convient toutefois de souligner la très bonne performance en Chine et le FCF meilleur (BFR, baisse des stocks) même si les investisseurs attendaient sa...

Oscar Rodriguez

BMW: MENSAJES DE LA CONFERENCE CALL RDOS. 2T’20 (ANÁLISIS BANCO SABADELL)

De la conference call de Rdos. 2T’20 destacamos:  Guidance 2020: La compañía mantiene que esperan un entorno de recuperación en la segunda parte del año y un margen EBIT en el rango del rango 0%/+3% en Coches en 2020 (vs 2,7% BS(e) y vs -4% en 1S’20) les parece factible a menos que la situación epidemiológica se degrade con fuerza.  Vehículo Eléctrico: BMW confía en seguir desarrollado su catálogo en vehículo eléctrico y que este les permita alcanzar sus objetivos de emisiones para 2020. En todo caso, destacan que el principal riesgo a futuro se encuentra en como implemen...

Oscar Rodriguez

BMW: RDOS. 2T’20 (ANÁLISIS BANCO SABADELL)

Rdos. 2T'20 vs 2T'19: Ventas: 19.973 M euros (-22,3% vs -24,9% BS(e) y -25,8% consenso); EBIT: -666,0 M euros (2.201 M euros en 2T'19 vs -447,0 M euros BS(e) y -593,0 M euros consenso); Rdos. 1S'20 vs 1S'19: Ventas: 43.225 M euros (-10,3% vs -11,7% BS(e) y -12,1% consenso); EBIT: 709,0 M euros (-74,6% vs -66,7% BS(e) y -72,0% consenso). Rdos. 2T’20 por debajo de nuestras previsiones y las del consenso en EBIT (-666 M euros vs -447 M euros BS(e) y -593 M euros consenso) debido a la discreta evolución en Coches (74% ventas), donde creemos que la fuerte electrificación de la gama (han vendid...

Research Department

INFORME DIARIO 05 AGOSTO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: APPLUS, OHL. EUROPA: ALLIANZ, BMW, DEUTSCHE POST. Sesión de transición Las bolsas europeas se mantuvieron planas durante la mayor parte del día, con poco volumen de contratación y a la espera de nuevas referencias. En el Euro STOXX, Bancos, Autos y Energía fueron los sectores que más subieron (>2%) frente a las mayores caídas de Farma, Química y Servicios Financieros. Por el lado macro en España el número de desempleado en julio se redujo en 89.800 (vs aumento esperado). En EE.UU. los pedidos de bienes duraderos y los pedidos a fábr...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 09/01/2020 - Compagnies aériennes

Compagnies aériennes: Les marges opérationnelles seront résilientes en 2020 en Europe, la croissance des revenus est attendue autour de +4% Santander : Annonce l’exercice du call sur le titre AT1 CoCo avec ISIN XS1043535092 Leaseplan (Achat) : Emission de €500m à échéance 2024 de la maison mère Lincoln Finance Louis Dreyfus (Conserver) : Margarita Louis-Dreyfus détient désormais 96% du négociant BMW (Conserver) : Vente de 2,52m de voitures en 2019 (+1,2%) Daimler (Conserver) : Création d'une JV avec Geely pour produire des véhicules électriques Sma...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 22/11/2019 - Exor- EN

TP ICAP - Europe - Morning CreditUpdate 22/11/2019 - Exor- EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 22/11/2019 - Exor - FR

Exor (Achat) : Prévoit de maintenir un levier (LTV) prudent de moins 20% Eramet (Conserver) : Rachat partiel de €226m d’obligations 2020 Sanofi : Considère plusieurs options concernant son activité de médicaments sans ordonnance SoftBank (Conserver) : En pourparlers pour obtenir un financement jusqu’à JPY300 mds (~$2,8 mds) Fiat Chrysler Automobiles (Achat) : Rappel d’environ 700.000 véhicules SUV dans le monde Volkswagen (Achat), BMW (Conserver) et Daimler (Conserver) : Condamnés à €100m d'amendes Aryzta (Vente) - S1-19/20 : Ventes de €844...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - UniCredit - EN

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - UniCredit - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - UniCredit - FR

UniCredit (Achat) : RN de €4,3mds sur les 9M-19 (versus €2,2mds un an avant), amélioration de la qualité d’actifs Generali (Achat) - 9M-19 : RN en hausse de +17% à €2,2mds ING (Achat): Emission d'un nouveau titre Tier 2  11NC6 AXA (Achat) - 9M-19 : CA de €79,7 mds (+5%) Coty (Achat) - T1-2019/20 : Résultat opérationnel de $155m (+10%) ArcelorMittal (Achat) - 9M-19 :  EBITDA de $4,3 mds (-48,6%) CNH Industrial (Achat) - 9M-19 :  EBIT de $1,5 md (-6,3%) Wirecard (Achat) - 9M-19 : EBITDA de €553m (+38,4%)

Alain William

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/06/2020

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Alain William

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 06/08/2020

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Anthony Dick ...
  • Aurelien Sivignon
  • Emmanuel Matot
  • Fatma Ayachi
  • Jean-François Granjon
  • Johanna Jourdain
  • Matthias Desmarais
  • Michael Foundoukidis
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 05/27/2020

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Anthony Dick ...
  • Emmanuel Matot
  • Jerôme Bodin
  • Michael Foundoukidis
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/27/2020

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Anthony Dick ...
  • Aurelien Sivignon
  • Emmanuel Matot
  • Fatma Ayachi
  • Jean-François Granjon
  • Johanna Jourdain
  • Matthias Desmarais
  • Michael Foundoukidis
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 27/05/2020

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BMW sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of BMW (DE), a company active in the Automobiles industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date July 14, 2020, the closing price was EUR 58.01 and its potential was estimated at EUR 66.16.

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 we...

Expert Corporate Governance Service (ECGS)

BMW – AGM 14 May 2020

General: The AGM is to be held in the form of a virtual AGM in accordance with the German Law to Mitigate the Consequences of the COVID-19 Pandemic. The physical presence of shareholders or their authorised proxies is not possible. The voting rights may therefore be exercised solely by postal vote (electronically or in writing) or by granting authority to the proxies designated by the Company.   Item 2: We recommend to oppose the dividend proposal. The dividend is not covered by free cash flow for a fourth consencutive year. We therefore consider a dividend payment inappropriate at this time...

Expert Corporate Governance Service (ECGS)

BMW - AGM 16 May 2019

Item 2: The Boards propose a dividend of EUR 3.50/ordinary share and of EUR 3.52 per preference share. The dividend is not covered by free cash flow for a third consecutive year. We therefore consider a dividend payment inappropriate at this time and recommend to oppose the dividend proposal. Item 4:  We voice our concerns that the Supervisory Board has failed to again table the Management Board members remuneration system for shareholder approval. This despite the fact that it had received a very low approval level (79%) which shows significant investor concerns. Item 6.1: We recommend oppo...

BMW – Proxinvest Corporate Governance Rating ® : D

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...

Expert Corporate Governance Service (ECGS) ...
  • Jehanne Leroy

Proxy Report - 17/05/2018

Item 5: KPMG, Berlin, is proposed as auditor for the current financial year. The ratio of non-audit/audit fees slightly exceeds our guidelines and in addition we note that KPMG has audited the Company since more than 30 years (no exact starting date provided by the Company) which significantly exceeds our maximum acceptable term of office of 10 years or 20 years in cases where an audit tender has taken place after the initialengagement period. We therefore recommend opposing the re-election of KPMG as auditor. Item 6.4: We recommend opposing the re-election of Prof. Köcher due to our concerns...

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