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
- Continental Aktiengesellschaft (OTCMKTS: CTTAY) was upgraded by analysts at UBS Group AG from a "hold" rating to a "strong-buy" rating.MarketBeat
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- Continental AG (CTTAF) Q3 2024 Earnings Call Highlights: Resilience Amid Market Challenges [Yahoo! Finance]Yahoo! Finance
- Continental profit up on reduced costs [Yahoo! Finance]Yahoo! Finance
- Continental Further Increases Earnings [Yahoo! Finance]Yahoo! Finance