Report
Richard Hilgert
EUR 101.80 For Business Accounts Only

Cost synergies from Fiat's integration with Chrysler are yet to be completely realized.

We have dropped Fiat Chrysler as one of our automotive Best Ideas, solely because of valuation. The market has finally come around to see things our way, awarding the stock the valuation it deserves. Fiat Chrysler had been a long-standing Best Idea, at many times trading at a price/fair value estimate below 0.4. With the 3-star-rated stock currently trading at an 8% premium to our EUR 18 fair value estimate, we now view it as reasonably valued relative to our forecast for cash flow and return on...
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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