Siemens AG

Siemens is a technology company. Co.'s Energy sector provides a range of products, solutions and services for generating and transmitting power. The Healthcare sector provides customers a range of medical solutions across the treatment chain. The Industry sector supplies products and solutions for industrial companies, primarily in the process and manufacturing industries. The Infrastructure & Cities sector provides a range of technologies that accelerates the capabilities of metropolitan centers and urban infrastructures. The Investments segment is comprised of Co.'s equity stakes in other companies. The Financial Services segment provides business-to-business financial solutions.
  • Ticker723610
  • ISINDE0007236101
  • SectorGeneral Industrials
  • CountryGermany

Analysts

With a more favourable environment, SIEMENS AG improves to Slightly Positive

SIEMENS AG (DE), a company active in the Diversified Industrials industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date June 21, 2019, the closing price was EUR 105.42 and its potential was estimated at EUR 114.49.

Denise Molina

Morningstar | SIE Updated Forecasts and Estimates from 20 Jun 2019

We are maintaining our EUR 128 fair value estimate for narrow-moat Siemens following the solid second-quarter performance and announcement of the power and gas business spin-off, which is a modest positive on valuation but more material in terms of the company's changing strategy. We see Siemens as the leading European industrial automation supplier because of its more advanced software offerings and believe its shift to focus more on products supporting electrification (for example, autos) and industrial automation will be supportive of longer-term returns. The shares look attractively valued...

Alfred Glaser ...
  • Delphine Brault

Siemens AG : Some 2,700 job cuts in new Gas and Power (GP) entity

>Adjustment of capacity in a persistently difficult market - Siemens AG has announced its intention of cutting 2,700 jobs in the energy businesses (power plants, transmission and oil & gas), including 1,400 in Germany. The end markets are still very low, particularly in large gas turbines, and generally in clients’ large investment projects. At its CMD in May, Siemens AG announced its intention of making a further € 500m in savings in the new gas and power entity, whi...

Alfred Glaser ...
  • Delphine Brault
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Sylvain Goyon

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/19/2019

The implicit probabilities almost certainly flag a downward movement in Fed key rates at the September FOMC. In the US, the long part of the yield curve has already incorporated this movement. However, despite this outlook and the consequent tightening of the 2-year Treasury Note / Schatz spread, the dollar remains surprisingly strong, while an ECB, even a dovish one, does not have a comparable reaction capacity. In short, the US dollar could finally move down. In this case, the sect...

Alfred Glaser ...
  • Delphine Brault
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Sylvain Goyon

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/06/2019

Les probabilités implicites donnent pour quasi certain un mouvement baissier des taux directeurs de la FED lors du FOMC de septembre. Outre-Atlantique, la courbe des taux a déjà intégré dans sa partie longue ce mouvement. Cependant, en dépit de cette perspective et du resserrement conséquent du spread 2 ans T Note / Schatz, le dollar reste surprenamment fort, alors qu’une BCE, même dovish, ne dispose pas de capacité de réaction comparable. Bref, le dollar pourrait enfin réagir à la ba...

Denise Molina

Morningstar | SIE Updated Forecasts and Estimates from 20 Jun 2019

We are maintaining our EUR 128 fair value estimate for narrow-moat Siemens following the solid second-quarter performance and announcement of the power and gas business spin-off, which is a modest positive on valuation but more material in terms of the company's changing strategy. We see Siemens as the leading European industrial automation supplier because of its more advanced software offerings and believe its shift to focus more on products supporting electrification (for example, autos) and industrial automation will be supportive of longer-term returns. The shares look attractively valued...

Alfred Glaser ...
  • Delphine Brault

Siemens AG : Some 2,700 job cuts in new Gas and Power (GP) entity

>Adjustment of capacity in a persistently difficult market - Siemens AG has announced its intention of cutting 2,700 jobs in the energy businesses (power plants, transmission and oil & gas), including 1,400 in Germany. The end markets are still very low, particularly in large gas turbines, and generally in clients’ large investment projects. At its CMD in May, Siemens AG announced its intention of making a further € 500m in savings in the new gas and power entity, whi...

Alfred Glaser ...
  • Delphine Brault
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Sylvain Goyon

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/19/2019

The implicit probabilities almost certainly flag a downward movement in Fed key rates at the September FOMC. In the US, the long part of the yield curve has already incorporated this movement. However, despite this outlook and the consequent tightening of the 2-year Treasury Note / Schatz spread, the dollar remains surprisingly strong, while an ECB, even a dovish one, does not have a comparable reaction capacity. In short, the US dollar could finally move down. In this case, the sect...

Alfred Glaser ...
  • Delphine Brault
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Sylvain Goyon

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/06/2019

Les probabilités implicites donnent pour quasi certain un mouvement baissier des taux directeurs de la FED lors du FOMC de septembre. Outre-Atlantique, la courbe des taux a déjà intégré dans sa partie longue ce mouvement. Cependant, en dépit de cette perspective et du resserrement conséquent du spread 2 ans T Note / Schatz, le dollar reste surprenamment fort, alors qu’une BCE, même dovish, ne dispose pas de capacité de réaction comparable. Bref, le dollar pourrait enfin réagir à la ba...

Alfred Glaser ...
  • Delphine Brault

Siemens AG : Réduction de 2 700 postes dans la nouvelle entité Gas and Power (GP)

>Ajustement des capacités dans un marché durablement difficile - Siemens AG a annoncé vouloir réduire ses effectifs de 2 700 personnes dans les activités énergie (centrales électriques, transmission, pétrole), dont 1 400 en Allemagne. Les marchés restent très bas, en particulier dans les grosses turbines à gaz, et plus généralement dans les gros projets d’investissement chez les clients. Siemens AG avait annoncé lors de son CMD, en mai, vouloir économiser encore 500 M...

1 director bought

A director at Siemens Ag bought 755 shares at 106.057EUR and the significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board mem...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/10/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 10/05/2019

...

Alexandre Iatrides ...
  • Alfred Glaser
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • Louis Boujard
  • Martial Descoutures
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Corby
  • Pierre Tegner
  • Rémi Adam
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/31/2019

This report assesses the consequences for BMW and Daimler of a “possible” scenario: an increase in US tariffs on imports from Europe (from 2.5% to 15%) and a decline in Chinese tariffs (from 25% to 15% irrespective of the origin). We estimate: i) the impact on EBIT at -€ 1.2bn for both, i.e. respectively 15% and 10%, and ii) the impact on the valuation at -€ 13.9bn and -€ 14.9bn, which are impressive figures but not realistic. Any increase in US tariffs would result in the relocation ...

Alain William ...
  • Alfred Glaser
  • Anis Zgaya
  • Bruno Cavalier
  • Delphine Brault
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Valentin Pernet

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/28/2019

The underperformance from Vinci and Eiffage end-2018 appears overdone: motorway traffic has admittedly been penalised by the gilets jaunes (“yellow vests”) movement but visibility remains excellent on cash flow generation with highly attractive valuations (FCF yield of 7% for Vinci and 10% for Eiffage). While M&A risk is henceforth more limited, we are upgrading our recommendation on Vinci to Buy (target price of € 90) but we continue to prefer Eiffage (target price of € 103). - ...

Alain William ...
  • Alfred Glaser
  • Anis Zgaya
  • Bruno Cavalier
  • Delphine Brault
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Valentin Pernet

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 28/01/2019

...

With a more favourable environment, SIEMENS AG improves to Slightly Positive

SIEMENS AG (DE), a company active in the Diversified Industrials industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date June 21, 2019, the closing price was EUR 105.42 and its potential was estimated at EUR 114.49.

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