Continental AG: Spin-Off In Response To Apparent Undervaluation [Seeking Alpha]
CONTL AG S/ADR (CTTAY)
NASDAQ:AMEX Investor Relations:
continental-corporation.com/en/investors/overview
Company Research
Source: Seeking Alpha
Investing Group Leader Follow Play 6min Summary Continental appears undervalued, with a spin-off of its automotive business potentially unlocking value; pending debt allocation details are crucial for precise valuation later on. The tyre business, comparable to Bridgestone and Michelin, shows solid margins; ContiTech also remains with the residual company. Automotive segment profits are growing due to cost reduction and strong performance in architecture, networking, safety, and motion products. Continental's valuation multiple appears low. Using clear tyre comps, it would look like the automotive business is being treated harshly by markets. Looking for more investing ideas like this one? Get them exclusively at The Value Lab. Learn More » deepblue4you/E+ via Getty Images Continental ( OTCPK:CTTAF OTCPK:CTTAY ) looks simply undervalued. They are going to spin off their automotive business. We don't really have any detail regarding how much debt will be offloade
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News
- BMW Recalls More Cars After New Issue With Continental's Brakes [Yahoo! Finance]Yahoo! Finance
- All-Weather Tire Market to touch USD 328.20 Billion by 2032: An Upsurge in Demand Likely Due to Versatility and Sophistication in Tire Technologies | Report by SNS Insider [Yahoo! Finance]Yahoo! Finance
- BMW cuts 2024 outlook after braking system recall of 1.5 million cars costs it ‘a high three-digit million amount' [Fortune]Fortune
- BMW braking system recall of 1.5M cars contributes to auto maker's decision to cut back 2024 outlook [Financial Post (Toronto, Ontario, Canada)]Financial Post
- BMW braking system recall of 1.5M cars contributes to auto maker's decision to cut back 2024 outlook [Yahoo! Finance]Yahoo! Finance