Initiating Coverage of SKF With Narrow Moat and Stable Trend Ratings; Shares Fairly Valued
We initiate coverage on SKF, one of the world largest ball bearings suppliers, with narrow moat and stable trend ratings. Our fair value estimate is SEK 186, implying that the shares are fairly valued. SKF's moat is based on its reputation and deep engineering skills, which comprise its intangible assets.ÂOn a very simple level, bearings protect other components by being placed in between moving parts that would otherwise be damaged through direct contact, friction wearing down, and/or heating ...
AB SKF is the parent company of the SKF Group, which supplies products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems. Services include technical support, maintenance services, condition monitoring, asset optimization, engineering consultancy and training. Co.'s business areas are: SKF Industrial Market - Strategic Industries, which includes bearings and bearing accessories and lubrication systems; SKF Industrial Market - Regional Sales and Service, which develops SKF Solution Factory facilities providing engineering capability; and SKF Automotive, which develops and manufactures bearings, seals and related products and services.
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