Report
Richard Hilgert
EUR 98.48 For Business Accounts Only

BMW's globally healthy demand for luxury vehicles offsets weak demand in some developing markets.

We have raised out fair value estimate on the shares of narrow-moat rated BMW, maker of BMW luxury vehicles, Mini premium small cars, as well as premium BMW motorcycles, to EUR 107 from EUR 105, solely due to the time value of money component in our discounted cash flow model. BMW possesses sustainable competitive advantages, given the strength and global recognition of the brands, technological leadership in powertrain, and ability to command premium pricing from consumers that regularly rate i...
Underlying
BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT

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.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Richard Hilgert

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch