ThyssenKrupp’s Fair Value Estimate Raised to EUR 23 as the Firm Sells Lossmaking Steel Americas
We are increasing our ThyssenKrupp’s fair value estimate to EUR 23 from EUR 20 due to a time value of money adjustment and updates to our model following the sale of lossmaking Steel Americas for EUR 1.5 billion to Ternium. As we have been in favour of management giving more consideration to splitting up the company into a steel business and a capital goods business, we are happy with the sale of the CSA Siderugica do Atlantico steel plant in Brazil and fully closing Steel Americas. After the tr...ThyssenKrupp is the parent company of the ThyssenKrupp Group. Co. has six business areas: Components Technology, which provides components for the automotive and machinery sectors; Elevator Technology, which supplies passenger and freight elevators, escalators and moving walks, passenger boarding bridges, stair and platform lifts; Industrial Solutions, which comprises the System Engineering and Marine Systems units; Materials Services, which focuses on materials distribution and technical services; Steel Europe, which develops, produces and markets flat carbon steel in the European market; and Steel Americas, which produces, processes and markets steel products in North and South America.
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