Autoliv: sänkt fair value till 710 kronor AKTIE: Stark vinstutveckling under tredje kvartalet visar att Autoliv drar nytta av sitt teknologiska ledarskap. Men fallande dollarkurs gör att Morningstars analytiker sänker fair value till 710 kronor (2020-12-23).
Analyst Note | Oct 26, 2020
Narrow-moat Autoliv, supplier of air bags, seat belts, and steering wheels to the global auto industry, reported earnings per share before special items (EPS) of $1.48, $0.32 better than the CapIQ sell-side consensus EPS estimate of $1.16 and $0.18 ahead of the $1.30 EPS reported last year. Revenue was slightly better than the year-ago period, up 0.5% to $2.04 billion. Excluding slightly positive currency effect, organic revenue was up 0.4%, outperforming a 4.9% decline in global light vehicle production by 5.3 percentage points with all major regions contributing to the outperformance. Owing to management’s improved outlook for the full year as well