Report
Richard Hilgert
EUR 147.86 For Business Accounts Only

BorgWarner Investor Day Highlights Innovation and Growth; $52 Fair Value Estimate Unchanged

Narrow-moat rated BorgWarner recently hosted an investor day at its research and development facility in Auburn Hills, Michigan. Revenue growth from innovation, the ability to commercialize new technologies, and higher average dollar content per vehicle as well as management’s focus on economic profit were highlighted. We think the company successfully argued that it should be viewed in the broader sense of supplying components and modules for propulsion systems rather than engine and driveline ...
Underlying
BorgWarner Inc.

BorgWarner is a holding company. Through its subsidiaries, the company is a global product provider in technology solutions for combustion, hybrid and electric vehicles. The company manufactures and sells these products worldwide, primarily to original equipment manufacturers of light vehicles (passenger cars, sport-utility vehicles, vans and light trucks). The company's segments are: Engine, which provides turbochargers, eBoosters, timing systems, emissions systems, thermal systems, gasoline ignition technology, cabin heaters, battery heaters and battery charging; and Drivetrain, which provides rotating electrical components, power electronics, clutching systems, control modules and all-wheel drive systems.

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

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