Consumer demand and government mandates drive Autoliv's growth in emerging markets.
Narrow-moat Autoliv, a leading supplier of safety components as well as advanced driver assist systems to the global automotive industry, reported earnings per share before special items, or EPS, of $2.22, an impressive $0.35 better than the consensus of $1.87 and a whopping $0.74 higher than last year's EPS of $1.47. We think the outperformance was attributable to a much lower than expected effective tax rate of 8%. The 2-star rated shares of Autoliv currently trade at a 28% premium to our $80 ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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