• TickerHLE
  • ISINDE000A13SX22
  • SectorAutomobiles & Parts
  • CountryGermany

Analysts

1 director sold

A director at Hella Kgaa Hueck & Co sold 80,000 shares at 53.000EUR and the significance rating of the trade was 100/100. 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 ...

Xavier Caroen

HELLA | A less unattractive risk/reward profile

During a one day road-show organised in Paris last week, the group’s CFO reiterated mid-term targets to post 5-10% YoY growth every year while maintaining EBIT margin at around 8%, thanks to a good product positioning and strict control of SG&A costs. We have slightly upgraded our short-term estimates notably for the lighting business, while remaining more cautious than management for electronics. The stock now looks more affordable than before, leading us to upgrade our recommendation from Sell to Neutral while lifting our FV from EUR48 to EUR51 per share.

Tim Schuldt, CFA

Roadshow feedback and disposal of wholesale business

Tim Schuldt, CFA

HELLA GmbH & Co. KGaA - Preliminary figures slightly beat expectations

Xavier Caroen

Hella: 2017/18 preliminary results in line with cons. but slightly above BG estimates

Hella: (NEUTRAL, Fair Value EUR51 (+3%)) 2017/18 preliminary results in line with cons. but slightly above BG estimates This morning, Hella unveiled its 2017/18 preliminary figures ahead of its official and full annual earnings publication on August 10th. Figures posted are quite reassuring for the automotive sector as despite important headwinds affecting the industry over past quarters (trade tensions, FX…) earnings came out in line with markets expectations. We confirm our Neutral rating on the case.

Xavier Caroen

HELLA | A less unattractive risk/reward profile

During a one day road-show organised in Paris last week, the group’s CFO reiterated mid-term targets to post 5-10% YoY growth every year while maintaining EBIT margin at around 8%, thanks to a good product positioning and strict control of SG&A costs. We have slightly upgraded our short-term estimates notably for the lighting business, while remaining more cautious than management for electronics. The stock now looks more affordable than before, leading us to upgrade our recommendation from Sell to Neutral while lifting our FV from EUR48 to EUR51 per share.

Tim Schuldt, CFA

Roadshow feedback and disposal of wholesale business

Tim Schuldt, CFA

HELLA GmbH & Co. KGaA - Preliminary figures slightly beat expectations

Xavier Caroen

Hella: 2017/18 preliminary results in line with cons. but slightly above BG estimates

Hella: (NEUTRAL, Fair Value EUR51 (+3%)) 2017/18 preliminary results in line with cons. but slightly above BG estimates This morning, Hella unveiled its 2017/18 preliminary figures ahead of its official and full annual earnings publication on August 10th. Figures posted are quite reassuring for the automotive sector as despite important headwinds affecting the industry over past quarters (trade tensions, FX…) earnings came out in line with markets expectations. We confirm our Neutral rating on the case.

Tim Schuldt, CFA

HELLA GmbH & Co. KGaA - We expect strong Q1’18/19 results fuelled by ramp-ups

1 director sold

A director at Hella Kgaa Hueck & Co sold 80,000 shares at 53.000EUR and the significance rating of the trade was 100/100. 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 ...

Fehmi Ben Naamane ...
  • Harald Eggeling
  • Jean Sassus
  • Matthias Desmarais
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 27/09/2018

...

Fehmi Ben Naamane ...
  • Harald Eggeling
  • Jean Sassus
  • Matthias Desmarais
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/27/2018

...

Fehmi Ben Naamane ...
  • Harald Eggeling
  • Johanna Jourdain
  • Louis Boujard
  • Philippe Ourpatian

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 28/09/2018

Face au différentiel entre les cash-flows publiés et réellement « contrôlés », la mission du management des sociétés consistera à se délester des actifs les moins générateurs de cash et à réallouer les capitaux. Après la forte baisse de notre échantillon de valeurs en Bourse, nous pensons qu’il est temps de se repositionner pour jouer les rotations d'actifs. HeidelbergCement remplace CRH comme Top Pick. Cf. étude publiée ce jour. - ...

Fehmi Ben Naamane ...
  • Harald Eggeling
  • Johanna Jourdain
  • Louis Boujard
  • Philippe Ourpatian

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/28/2018

Given the differential between reported cashflows and cashflows really controlled, top management are going to have to offload the least cash-generative assets and reallocate capital. Following the steep drop in our stock sample’s share prices, we think it is (high) time to take up positions again in order to play the asset rotation theme. HeidelbergCement replaces CRH as our Top Pick. Cf. sector report published today. - ...

Bruno Cavalier ...
  • Harald Eggeling
  • Jean Sassus
  • Johanna Jourdain
  • Matthias Desmarais
  • Michael Foundoukidis
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/02/2019

Alors que les déceptions sur T4 2018 sont largement conjoncturelles, ces résultats posent des questions à plus long terme sur la collecte, les métiers Equity et les litiges. Prévisions et OC abaissés. Opinion Neutre réitérée. - ...

HELLA GMBH & CO. KGAA sees a downgrade to Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of HELLA GMBH & CO. KGAA (DE), active in the Auto Parts industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Negative. As of the analysis date August 2, 2019, the closing price was EUR 41.30 and its target price was estimated at EUR 34.96.

MarketLine Department

Koito Manufacturing Co Ltd - Strategy, SWOT and Corporate Finance Report

Koito Manufacturing Co Ltd - Strategy, SWOT and Corporate Finance Report Summary Koito Manufacturing Co Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Koito Manufacturing Co., Ltd. (Koito or “the company”) is a manufacturer and distributor of automotive lighting equipment, aircraft parts, railroad car equipment, electronic equipment and other related produ...

MarketLine Department

Autoliv, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Autoliv, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Autoliv, Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlig...

MarketLine Department

OSRAM Licht AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's OSRAM Licht AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by OSRAM Licht AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highl...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Developed Markets Leadership Chart Book

Europe in focus The U.S. dollar continues to grind marginally higher, and EM equities have suffered as a result. Meanwhile, RS for the MSCI EAFE index is bottoming when compared to the MSCI EM index, largely due to outperformance in Europe. With developed int'l markets beginning to outperform emerging markets, we recommend adding exposure to the developed int'l space. Below we highlight attractive and actionable themes within developed int'l: • Europe & Japan: Though this is an all-encompassing bottoms-up chart book for developed ex-U.S., make no mistake, the vast majority of today's buy rec...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch