Report
David Whiston, CFA, CPA, CFE
EUR 147.86 For Business Accounts Only

Ford's Analyst Day Says to Us That the Firm Will be One of the Leaders in Mobility Services

We are not changing our fair value estimate for Ford after an informative analyst day we attended at Ford’s Dearborn, Michigan, test track this week. The company gave directional guidance for the next two years that appears to be below consensus, but we have long been below EPS consensus for 2017, so we are not concerned about the company’s path. Guidance is for the core auto and finance business' pretax profit to grow year over year in both 2017 and 2018, but total company results are expected ...
Underlying
Ford Motor Company

Ford Motor designs, manufactures, markets, and services a line of Ford cars, trucks, sport utility vehicles, electrified vehicles, and Lincoln vehicles, as well as provides financial services through its subsidiary, Ford Motor Credit Company LLC. The company is engaged in electrification; mobility solutions, including self-driving services; and connected vehicle services. The company has three operating segments: Automotive, which includes the sale of Ford and Lincoln vehicles, service parts, and accessories; Mobility, which includes its autonomous vehicles and its investment in mobility through Ford Smart Mobility LLC; and Ford Credit, which includes vehicle-related financing and leasing activities.

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
David Whiston, CFA, CPA, CFE

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