Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
​1Q16 GM of 40.9% beat our/the Street’s estimates by 9 ppt, mainly thanks to 1) higher CUR; and 2) optimization of shipment regions, with higher exposure to the US market. We were conservative on the stock previously as its low-margin UV absorber sales accounted for 34% of 1Q16 sales (vs. 31% in 2015), which we believe could hurt overall GM. Nonetheless, the company posted better than expected GM due to higher CUR and margin expansion of its API products (55% in 1Q16 vs. 49% in 4Q15). Given ...
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