This document is being provided for the exclusive use of ZHENG LIANG at [FIRM]. Not for redistribution.
NSU GR Equity
AUDI AG (Automobiles)
Audi AG manufactures luxury automobiles. The Company produces the Audi A1, A3, A4, A6, TT Coupe, TT Roadster, S3, RS4, S6, S8, Q3, Q5 and A8. Audi also owns the
Italian sports car manufacturer Lamborghini SpA and motorbike maker Ducati. The Company is a subsidiary of Volkswagen AG. [FIGI BBG000BD0249]
Earnings & Estimates
Market Data
859.00
Next Announcement Date
P/E EUR
Est P/E 12/15
T12M EPS
Est EPS
--
03/11/16
6.70
N.A.
103.82
N.A.
--
808.40
757.80
707.20
656.60
606.00
/2
6/
7/
/2
/2
/2
/2
/2
/2
/2
20
20
01
01
01
01
01
01
01
15
01
20
15
15
5
5
5
5
5
5
5
5
14
Px/Chg 1D (EUR)
52 Wk H (07/13/15)
52 Wk L (11/16/15)
YTD Change/%
Mkt Cap EUR
Shrs Out/Float
---
Structure
~ Curr Ratio
~ Quick Ratio
~ Debt/Assets
~ Debt/Com Eq
~ A/R Trnovr
~ EBIT/Tot Int Exp
---
1.5
1.2
14.0%
37.7%
7.0
88.8
---
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries
in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing
and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates do not provide investment advice,
and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ®
12/04/2015 12:47:12
1
This document is being provided for the exclusive use of ZHENG LIANG at [FIRM]. Not for redistribution.
NSU GR Equity
Geographic Segmentation
Holdings Summary
2014 Rev
Asia - Pacific
Rest of Europe
Germany
North America
Other
3Yr Gr
17.20B
16.65B
10.70B
8.21B
1.03B
12.37%
-0.33%
5.10%
17.96%
3.03%
Inst Holdings | OWN »
# of Inst. Owners
Shares Owned
Shares Out/Float
# of Buyers/Sellers
Shares Sold
14
67.35k
0.2%/35%
3/0
847.25
Product Segmentation
2014 Rev
Automobile Manufacturing
Motor vechicles
3Yr Gr
53.21B
575.00M
6.46%
N.A.
Issue Information | RELS »
Sec Type
Pri Exch
PAR None
Pri MIC
Incorp
---FIGI
ISIN
CUSIP
SEDOL1
Common
--WPK #
Sicovam
---
Common Stock
Xetra
-XETR
GERMANY
---BBG000BD0249
DE0006757008
-5761498 DE
001116479
--675700
907660
---
Public Offerings | CACS »
Insider Holdings | OWN »
% Held by Insiders
Net change last 6M
---
Top Holders | HDS »
as of
VOLKSWAGEN AG
FTIF-FRANKLIN MUTUAL EUROPEAN FU
FMR LLC
ME FONDS - SPECIAL VALUES
GREIFF SPECIAL SITUATIONS FUND O
DJE INVESTMENT SA
VJ GLOBAL
-99.55%
0.09%
0.05%
0.01%
0.00%
0.00%
0.00%
Equity Weights
BBG WORLD INDEX
GERM CDAX PERFORMANCE
BBG EMEA WORLD INDEX
Bloomberg ESG Processed
BI GL Automobiles Val
BI EU Automobiles Val
BBG WORLD A MANUFACTR IX
BBG Germany all
BBG WRLD CON CYC IX
BBG NAKED SHRT-WORLD
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries
in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing
and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates do not provide investment advice,
and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ®
12/04/2015 12:47:12
2
This document is being provided for the exclusive use of ZHENG LIANG at [FIRM]. Not for redistribution.
NSU GR Equity
Bloomberg Intelligence: Automobiles, Europe
Critical Themes: EU Consumers May Tire of Sniffing Diesel
Fumes
Volkswagen Defeat-Device Shame Tears at Enterprise,
Diesel Tech
94
90
86
82
78
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
16
15
13
14
12
11
10
08
09
06
07
05
03
04
02
02
Analysts Kevin Tynan & Tanner Murphy
Sep 21, 2015
Volkswagen's admission it used a "defeat device" to trick
emissions testing on it 2.0L TDI "clean diesel" engines in
482,000 VW Passat, Beetle, Golf and Jetta models and the
Audi A3 threatens to shake the foundations of the company.
Martin Winterkorn's role as CEO will be questioned after he
acknowledged VW broke the trust of its customer, and as the
company faces fines that could approach $20 billion. Europe
may also investigate, given real-world emissions performance
hasn't aligned with test results.
20
20
20
Analysts Tanner Murphy & Kevin Tynan
Oct 2, 2015
Diesel vehicles have grown to over 50% of auto sales in Europe
from less than 15% when Volkswagen introduced its first TDI
(Turbo Direct Injection) engine more than 25 years ago. The
technology improved performance and made diesel engines
cleaner. Combined with favorable tax treatment for diesel fuel,
higher mileage drove their popularity to the highest levels in the
world. VW's cheating scandal questions automaker compliance
with emission tests and threatens to curb sales and credibility of
the technology.
Industry Indicators: Europe Passenger Cars New Registrations
18,167,422
Equity Valuation of Industry Comparables (RV)
Metric
Est P/E Current Yr
P/Book
Company
Comps Low
N.A.
1.52
7.28
0.483
Comps
Median
10.5
1.22
Comps High
22.9
3.95
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries
in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing
and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates do not provide investment advice,
and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.