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On 21 June, Volkswagen AG (OTCPK:VWAGY, OTCPK:VLKAF, OTCPK:VWAPY) (OTC:VLKPF) hosted a capital market day. The company presented a ton of information, which took us quite a while to digest. Volkswagen laid
Volkswagen: Our Thoughts Post Capital Market Day, Buy Confirmed
Summary
- Volkswagen highlights ten key takeaways on how the company will close the profitability gap versus its peers.
- CAPEX on sales will decelerate from the 2023 peak.
- Supportive sum-of-the-part valuation and at a P/E level, the company remains cheap.
- Dieselgate scandal is almost over in the US.
Buy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they might be, and must be treated as such. We take no responsibility for your investments but wish you best of luck.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of VWAGY, VLKAF, VWAPY, VLKPF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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