Morningstar - Stellantis N.V. (FCAUN) Patient Investors Profited From Our Fiat Chrysler Call; Next Up: BMW

Report

Morningstar

Richard Hilgert

EUR 101.80 For Business Accounts Only

Patient Investors Profited From Our Fiat Chrysler Call; Next Up: BMW

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...

01/02/2018 13 EN

Underlying

Stellantis N.V.

Fiat Chrysler Automobiles is a holding company. Through its subsidiaries, Co. is an international automotive group engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. Co. has operations in approx. 40 countries and sells its vehicles directly or through distributors and dealers in more than 140 countries. Co. designs, engineers, manufactures, distributes and sells vehicles for the mass market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands and the SRT performance vehicle designation.

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NL0010877643 Mexican Stock Exchange United Kingdom

Provider

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.

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Analysts

Richard Hilgert

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Patient Investors Profited From Our Fiat Chrysler Call; Next Up: BMW

PSA Autos, New Mobility: EV Markets in Trouble – Have the Japanese Been Vindicated?

ODDO : Plastic Omnium gives itself the means to match its ambitions on carbon neutrality

ODDO : Plastic Omnium se donne les moyens de ses ambitions sur la neutralité carbone

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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