Daimler: Oddo still a buyer after sales and forecasts provid
(CercleFinance.com) - Oddo has confirmed its buy rating on the stock, along with its target price of 81 euros, after the group's 2017 results were announced.
In our opinion, Daimler remains the most innovative manufacturer amongst Premium players, with consistently strong product dynamics, the most efficient cost structure, a low valuation, high yield and impressive developments in mobility-related services that are not yet priced in, Oddo explains in its daily research report.
The group reported Q4 EBIT that was up +0.3% at 3,470 million euros, meaning FY 2017 growth of +13.8% at 14,682 million euros. This is slightly below the Oddo's estimates (15,179 million euros) and is in line with the consensus (14,519 million euros).
For 2018, Daimler expects to report flat EBIT, with restated EBIT that is up 4%. The group targets Free Cash Flow that is higher than that in 2017 (2 billion euros), but also which is higher than the dividend paid in 2018, i.e. above 3.9 billion euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In our opinion, Daimler remains the most innovative manufacturer amongst Premium players, with consistently strong product dynamics, the most efficient cost structure, a low valuation, high yield and impressive developments in mobility-related services that are not yet priced in, Oddo explains in its daily research report.
The group reported Q4 EBIT that was up +0.3% at 3,470 million euros, meaning FY 2017 growth of +13.8% at 14,682 million euros. This is slightly below the Oddo's estimates (15,179 million euros) and is in line with the consensus (14,519 million euros).
For 2018, Daimler expects to report flat EBIT, with restated EBIT that is up 4%. The group targets Free Cash Flow that is higher than that in 2017 (2 billion euros), but also which is higher than the dividend paid in 2018, i.e. above 3.9 billion euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.