Report
Richard Hilgert
EUR 100.00 For Business Accounts Only

Nissan is the first automaker to offer fully electric vehicles to the mass market.

No-moat-rated Nissan reported fiscal 2017, ended March 31, diluted EPS of JPY 190.96, beating the consensus of JPY 184.41 by JPY 6.55, and JPY 25.02 better than the JPY 165.94 EPS reported last fiscal year. While consolidated revenue increased 2%, operating profit margin contracted 130 basis points to 5.6%. Despite lower margin, the EPS outperformance was driven by U.S. tax reform. The stock currently trades at a 23% discount to our JPY 1,450/ $26 fair value estimates. We think the 4-star rated ...
Underlying
Nissan Motor Co. Ltd.

Nissan Motor, along with its subsidiaries and associated companies, is engaged in the manufacture and sale of vehicles, marine products and related parts; and the provision of finance services throughout world. Co.'s principal businesses are automobile and sales financing. Automobile segment manufactures electric vehicles, sedans, sport coupes, compact cars, mini vans, SUVs, pick-up trucks, and station wagons. Co.'s principal brand names include "Leaf," "Infiniti," "Murano," "Altima," "Maxima," "Sentra," "Quest," "Cedric," "Days Roox," "e-NV200," "Note e-Power," "Caravan," "Wingroad," "GT-R," "Farilady Z, among others. Sales Financing segment provides sales financing services..

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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