reports
VEONEER reduces its risk exposure and slightly improves to Neutral
The independent financial analyst theScreener just allocated a lower risk rating to VEONEER (US), active in the Auto Parts industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly improved and can be qualified as moderately risky. theScreener considers that these elements merit an overall rating upgrade to Neutral. As of the analysis date March 1, 2022, the closing price was USD 35.70 and its expected value was e...
- Richard Hilgert
Morningstar | Veoneer Is a Near-Pure-Play in Advanced Driver Assist an...
We expect the adoption of advanced driver assist systems, or ADAS, highly automated driving, or HAD, and automated driving, or AD, technologies by global automobile makers to support estimated average annual revenue growth for Veoneer of roughly 12% for the next 10 years. We think that Veoneer has positioned itself as an integrator of technologies that are required as standard equipment by respective governments' New Car Assessment Programs, or NCAP. ADAS technologies enable automakers' vehicles...
- Richard Hilgert
Veoneer Is a Near-Pure-Play in Advanced Driver Assist and Autonomous V...
Narrow-moat rated Veoneer, supplier to the global automotive industry of autonomous driving technologies, reported first quarter 2019 earnings per share before special items (EPS) of -$1.57, $0.37 worse than the consensus EPS of -$1.20. We think that the underperformance was attributable to much worse-than-market-expected unfavorable operating leverage from the combination of lower global light vehicle production volume while ramping-up spending on the development of new business that has yet to...
- Richard Hilgert
Morningstar | Veoneer 1Q Disappoints the Market, Cash Burn Means Capit...
Narrow-moat rated Veoneer, supplier to the global automotive industry of autonomous driving technologies, reported first quarter 2019 earnings per share before special items (EPS) of -$1.57, $0.37 worse than the consensus EPS of -$1.20. We think that the underperformance was attributable to much worse-than-market-expected unfavorable operating leverage from the combination of lower global light vehicle production volume while ramping-up spending on the development of new business that has yet to...
- Richard Hilgert
Morningstar | Veoneer 1Q Disappoints the Market, Cash Burn Means Capit...
Narrow-moat rated Veoneer, supplier to the global automotive industry of autonomous driving technologies, reported first quarter 2019 earnings per share before special items (EPS) of -$1.57, $0.37 worse than the consensus EPS of -$1.20. We think that the underperformance was attributable to much worse-than-market-expected unfavorable operating leverage from the combination of lower global light vehicle production volume while ramping-up spending on the development of new business that has yet to...
- Richard Hilgert
Veoneer 1Q Disappoints the Market, Cash Burn Means Capital Raise Neede...
Narrow-moat rated Veoneer, supplier to the global automotive industry of autonomous driving technologies, reported first quarter 2019 earnings per share before special items (EPS) of -$1.57, $0.37 worse than the consensus EPS of -$1.20. We think that the underperformance was attributable to much worse-than-market-expected unfavorable operating leverage from the combination of lower global light vehicle production volume while ramping-up spending on the development of new business that has yet to...
- Richard Hilgert
Morningstar | Veoneer Reports Full-Year Losses In Line With Our Expect...
Narrow-moat rated Veoneer, supplier to the global automotive industry of autonomous driving technologies, reported full-year 2018 earnings per share before special items (EPS) of negative $3.17, $0.26 worse than the consensus EPS of negative $2.91 but the exact same as our -$3.17 estimated EPS. The proforma full-year 2017 EPS was negative $1.11. Management reiterated the warning it first gave with its third-quarter results--there is downside risk to its $3.0 billion 2020 revenue target and the 2...
- Richard Hilgert
Veoneer Reports Full-Year Losses In Line With Our Expectations; Mainta...
Narrow-moat rated Veoneer, supplier to the global automotive industry of autonomous driving technologies, reported full-year 2018 earnings per share before special items (EPS) of negative $3.17, $0.26 worse than the consensus EPS of negative $2.91 but the exact same as our -$3.17 estimated EPS. The proforma full-year 2017 EPS was negative $1.11. Management reiterated the warning it first gave with its third-quarter results--there is downside risk to its $3.0 billion 2020 revenue target and the 2...
- Richard Hilgert
Morningstar | Veoneer Losses Continue in 3Q, Guidance Tweak Disappoint...
Narrow-moat-rated Veoneer, supplier to the global automotive industry of autonomous driving technologies, reported a third-quarter earnings per share of negative $0.78, in line with the consensus but $0.40 worse than the proforma third-quarter 2017 result. Management also said that it now sees downside risk to its $3.0 billion 2020 revenue target and that the 2020 EBIT margin target of 0%-5% would be delayed by one to two years. However, management sees upside potential to the $4.0 billion 2022 ...
- Jonathan Moreland
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- Jonathan Moreland
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- Jonathan Moreland
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INC.
- Richard Hilgert
Initiating Coverage of Veoneer with a Narrow Moat Rating and a $24 FVE
We are initiating coverage of Veoneer, supplier to the global automotive industry of advanced driver assist systems, or ADAS, highly automated driving, or HAD, and automated driving, or AD, technologies, with a narrow moat rating and a $24 fair value estimate. We expect global automakers' adoption of Veoneer technologies to support estimated 12% average annual revenue growth for the next 10 years. Veoneer technologies enable automakers' vehicles to receive coveted four- and five-star crash test ...
The Corporate Restructuring Report-Autoliv Inc. (ALV) & Veoneer Inc. (...
On June 29th, 2018, Autoliv Inc. (NYSE:ALV) is expected to complete the spin-off of its electronic business segment into a separate public company, Veoneer Inc. (VNE). The parent will retain the passive safety business. The spin-off is anticipated to be tax-free and was announced on December 12th, 2017. The spin-off makes sense given little synergies, different capital requirements, and divergent growth rates of the two businesses. The active safety market is growing faster compared to the passi...
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