Schaeffler AG - Pref

  • TickerSHA
  • ISINDE000SHA0159
  • SectorAutomobiles & Parts
  • CountryGermany

Schaeffler AG: 1 director

A director at Schaeffler AG bought 13,000 shares at 7.621EUR and the significance rating of the trade was 60/100. 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 names of board...

Pierre Tegner

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/20/2021 /

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Pierre Tegner

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 20/04/2021 /

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Harald Eggeling

Schaeffler AG : Strong set of Q1 2021 figures; new TP at €10.00 (vs. €9.50). Outperform rating maintained

>Strong set of Q1 2021 figures driven by Automotive Tech. & Industrial - Yesterday, Schaeffler reported a strong set of prelim. Q1 2021 figures on the back of a pronounced recovery of Automotive Technologies segment amid a global LV production environment heading for double-digit y-o-y growth in Q1 2021 (IHS est. +11% y-o-y) and upbeat industrial earnings. Prelim. Q1 group sales came in at €3,560m (+11% y-o-y organic) in line with our estimate (€3,574m). The y-o-y top...

Schaeffler AG: 1 director

A director at Schaeffler AG bought 13,000 shares at 7.621EUR and the significance rating of the trade was 60/100. 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 names of board...

Harald Eggeling

Schaeffler AG : Strong set of Q1 2021 figures; new TP at €10.00 (vs. €9.50). Outperform rating maintained

>Strong set of Q1 2021 figures driven by Automotive Tech. & Industrial - Yesterday, Schaeffler reported a strong set of prelim. Q1 2021 figures on the back of a pronounced recovery of Automotive Technologies segment amid a global LV production environment heading for double-digit y-o-y growth in Q1 2021 (IHS est. +11% y-o-y) and upbeat industrial earnings. Prelim. Q1 group sales came in at €3,560m (+11% y-o-y organic) in line with our estimate (€3,574m). The y-o-y top...

Harald Eggeling

Schaeffler AG : We expect upbeat Q1 2021e results; target price lifted to € 9.50 (vs € 8.50). Outperform maintained

>We expect an upbeat set of Q1 2021e results driven by Automotive Technologies - Schaeffler is to report Q1 2021 results on 12 May. We forecast Q1 2021 group sales growth of +9% y-o-y to € 3,574m, mainly driven by a pronounced y-o-y- recovery in global LV production in Q1 2021 (IHS: +11% y-o-y) with China especially likely to experience double-digit y-o-y growth (IHS: +70% y-o-y). We expect Q1 2021e group EBIT before exceptionals to improve 73% y-o-y to € 371m (10.4% ...

Harald Eggeling

Schaeffler AG : FCF generative transformation play with industrial earnings momentum; estimates & target price increased to € 8.50 (vs € 8.00)

>Final 2020 results roadshow underpin our case - Last week, we hosted a roadshow with Schaeffler’s CFO and IR following final 2020 results.Final 2020 group sales came in at € 12.6bn (-10% y-o-y organic) and group EBIT before exceptionals amounted to € 803m (6.4% margin, -170bp y-o-y). 2020 FCF before M&A totalled € 539m (2019: € 473m). Note final 2020 results were without surprise given after upbeat preliminaries were released end-January. Post the roadshow, we s...

Harald Eggeling

Schaeffler AG : We expect a strong Q4 2020; upgrade to Buy (vs Neutral). New target price at € 8.00 (vs € 7.30)

>We expect 2020 results to come in above guidance - Schaeffler is due to report 2020 results on 4 March. We expect Schaeffler to report an attractive set of 2020 results ahead of guidance and consensus expectations on the back of strong Q4 2020e in Automotive Technologies characterised by i/ a more pronounced pick-up of global LV production (IHS Jan. est.: +2% y-o-y, upward revision of +180bp vs Dec.) and ii/ a COVID-19 pandemic related lower internal cost base. For ...

Harald Eggeling

Schaeffler AG : Aftermarket and industrial likely to mitigate earnings pressure in automotive technologies. Pre-crisis EBIT could be reached in 2023e

Schaeffler held a CMD on the 18 November. As expected, its new mid-term targets suggest transformation-related headwinds in automotive technologies which we expect to be partially offset by cost savings. Nevertheless, we expect automotive aftermarket to overshoot and industrial to meet its mid-term targets and thus both divisions to mitigate the transformation-induced pressure on group earnings. We estimate 2023e group EBIT before exceptionals of € 1,156m (8.2% margin) to reach t...

Markus Schmitt

IHO / Schaeffler : Wait until the dust settles

>Strengths / Opportunities - IHO Verwaltungs GmbH’s (IHO) sub-groups Schaeffler AG (Schaeffler) and Continental AG (Conti) are leading global automotive suppliers and technology leaders.Schaeffler and Conti dividend streams cover cash interest of IHO bonds by a substantial margin – even in a material downswing, cash interest could be paid and IHO bonds could absorb multiple downgrades before their relative value becomes unattractive.IHO owns 75.1% of Schaeff...

Markus Schmitt

IHO / Schaeffler : Wait until the dust settles

>Strengths / Opportunities - IHO Verwaltungs GmbH’s (IHO) sub-groups Schaeffler AG (Schaeffler) and Continental AG (Conti) are leading global automotive suppliers and technology leaders.Schaeffler and Conti dividend streams cover cash interest of IHO bonds by a substantial margin – even in a material downswing, cash interest could be paid and IHO bonds could absorb multiple downgrades before their relative value becomes unattractive.IHO owns 75.1% of Schaeff...

Schaeffler AG: Update to discussion of key credit factors

CORPORATES CREDIT OPINION 17 October 2017 Update RATINGS Schaeffler AG Domicile Germany Long Term Rating Baa3 Type LT Issuer Rating - Fgn Curr Outlook Stable Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Martin Fujerik 49-69-70730-909

Schaeffler AG: Despite profit warning Schaeffler AG remains well positioned in the Baa3 category

CORPORATES ISSUER COMMENT 27 June 2017 Analyst Contacts Martin Fujerik 49-69-70730-909 VP-Senior Analyst [email protected] Christoph Wessel 49-69-70730-767 Associate Analyst [email protected] Matthias Hellstern 49-69-70730-745 MD-Corporate Finance [email protected] Schaeffler AG Despite profit warning Schaeffler AG remains well positioned in the Baa3 category On 26 Ju

Schaeffler AG: Key Facts and Statistics - December 2016

CORPORATES ISSUER PROFILE 16 May 2017 TABLE OF CONTENTS Company Overview 1 Business Description 2 Management Strategy 4 Financial Highlights 7 Capital Structure and Debt Maturity 9 Company Management 11 Ownership Structure 13 Subsidiaries 13 Related Websites and Information Sources 13

Pierre Tegner

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/20/2021 /

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Pierre Tegner

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 20/04/2021 /

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Niko Levikari ...
  • Steven Boumans

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/06/2021

Ordina is a local champion in the Benelux IT services space with a strong emphasis on application management. In recent years the company focused on improving its bottom line through a combination of strict cost control and adjustments on the revenue mix. We believe this mix shift will continue as Belgian revenues have become big enough to make a difference on group level, while the company will continue to push its unique Business Propositions. We initiate coverage with an Outperform...

Niko Levikari ...
  • Steven Boumans

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 06/04/2021

Ordina is a local champion in the Benelux IT services space with a strong emphasis on application management. In recent years the company focused on improving its bottom line through a combination of strict cost control and adjustments on the revenue mix. We believe this mix shift will continue as Belgian revenues have become big enough to make a difference on group level, while the company will continue to push its unique Business Propositions. We initiate coverage with an Outperform...

Bruno Cavalier ...
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/08/2021

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For SCHAEFFLER, the environment deterioration entails a downgrade to Neutral

SCHAEFFLER (DE), a company active in the Auto Parts industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 4 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date March 5, 2021, the closing price was EUR 7.14 and its expected value was estimated at EUR 6.78.

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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...

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