Schaeffler AG - Pref

  • TickerSHA015
  • ISINDE000SHA0159
  • SectorAutomobiles & Parts
  • CountryGermany

Analysts

1 director bought

A director at Schaeffler Ag bought 5,000 shares at 5.997EUR and the significance rating of the trade was 53/100. 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 ...

Benoit Valleaux ...
  • Emira Sagaama
  • Harald Eggeling
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/09/2019

...

Benoit Valleaux ...
  • Emira Sagaama
  • Harald Eggeling
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/08/2019

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Harald Eggeling

Schaeffler AG : 2019 sales and EBIT guidance cut as expected – FCF guidance robust

>Q2 2019 EBIT pre special items up qoq as expected - Schaeffler reported Q2 2019 group sales of € 3,604m (-2% yoy organic) in line with our expectation (€ 3,610m), reflecting i/ the outperformance of automotive OE’s organic sales (1e4.2% yoy) vs a soft global LV production environment (-7.5% yoy) on strong growth in Americas, although the outperformance was less than expected (330bp vs 400bp expected); ii/ ongoing destocking in the European independent aftermarket on c...

Schaeffler AG: Update to discussion of key credit factors

CORPORATES CREDIT OPINION 17 October 2017 Update RATINGS Schaeffler AG Domicile Germany Long Term Rating Baa3 Type LT Issuer Rating - Fgn Curr Outlook Stable Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Martin Fujerik 49-69-70730-909

Schaeffler AG: Despite profit warning Schaeffler AG remains well positioned in the Baa3 category

CORPORATES ISSUER COMMENT 27 June 2017 Analyst Contacts Martin Fujerik 49-69-70730-909 VP-Senior Analyst [email protected] Christoph Wessel 49-69-70730-767 Associate Analyst [email protected] Matthias Hellstern 49-69-70730-745 MD-Corporate Finance [email protected] Schaeffler AG Despite profit warning Schaeffler AG remains well positioned in the Baa3 category On 26 Ju

Schaeffler AG: Key Facts and Statistics - December 2016

CORPORATES ISSUER PROFILE 16 May 2017 TABLE OF CONTENTS Company Overview 1 Business Description 2 Management Strategy 4 Financial Highlights 7 Capital Structure and Debt Maturity 9 Company Management 11 Ownership Structure 13 Subsidiaries 13 Related Websites and Information Sources 13

Schaeffler AG: Update following the publication of the 2016 results

CORPORATES CREDIT OPINION 4 May 2017 Update RATINGS Schaeffler AG Domicile Germany Long Term Rating Baa3 Type LT Issuer Rating - Fgn Curr Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Martin Fujerik 49-69-70730-909 AVP-Analyst [email protected] Matthias Hel

Schaeffler's Prepayment of Its 2021 Bond Is Credit Positive

ISSUER COMMENT CORPORATES APRIL 27, 2017 What is Moody’s Credit Outlook? Published every Monday and Thursday morning, Moody's Credit Outlook informs our research clients of the credit implications of current events. Schaeffler’s Prepayment of Its 2021 Bond Is Credit Positive From Credit Outlook On Monday, Schaeffler AG (SAG, Baa3 stable) announced that it intended to further reduce debt by fu

Harald Eggeling

Schaeffler AG : 2019 sales and EBIT guidance cut as expected – FCF guidance robust

>Q2 2019 EBIT pre special items up qoq as expected - Schaeffler reported Q2 2019 group sales of € 3,604m (-2% yoy organic) in line with our expectation (€ 3,610m), reflecting i/ the outperformance of automotive OE’s organic sales (1e4.2% yoy) vs a soft global LV production environment (-7.5% yoy) on strong growth in Americas, although the outperformance was less than expected (330bp vs 400bp expected); ii/ ongoing destocking in the European independent aftermarket on c...

Harald Eggeling

Schaeffler AG : 2019 automotive guidance at risk – estimates and TP lowered

>As expected, automotive OE was the focus of last week’s roadshow - We hosted a roadshow last week with Schaeffler in Switzerland. Discussions centred mainly on the automotive OE market environment, which has deteriorated since the beginning of the year. Nevertheless, our impression is that on the back of attractive transmission business in North America, automotive OE organic sales will manage to outperform global light vehicle production (LV) by c.4pp in 2019e. Also...

Harald Eggeling

Schaeffler AG : Better-than-expected Q1 2019 – we maintain our Buy rating

>Q1 2019 EBIT pre special items a touch above expectations - Schaeffler released its Q1 2019 results yesterday (08 May). Group sales came in at € 3,622m (+2% yoy, +0.4% organic), ahead of our estimate (€ 3,566m, -0.8% yoy organic) and consensus (€ 3,552m, -0.8% yoy organic) due to a higher-than-expected (500bp) outperformance vs global LV production in automotive OE. We had expected an outperformance of 300bp. Group EBIT pre special items, at € 272m (7.5% margin), als...

Harald Eggeling

Schaeffler AG : Trough hit by Q4 2018 group EBIT likely behind us

>Q1 2019e results to reflect a turning point - Schaeffler will report its Q1 2019 results on 8 May. We expect Q1 2019e group sales to come in at € 3,566m (+0.4% y-o-y, organic -0.8% y-o-y) in an environment characterised by forex tailwinds, predominantly from the euro-US dollar, and weak global LV production (IHS: -6% y-o-y) with China clearly in the negative double digits (-12% y-o-y) in Q1 2019e, albeit a touch less negative compared to Q4 2018 (-15% y-o-y). We est...

Harald Eggeling

Schaeffler AG : FCF generation to remain robust on stricter internal capital allocation criteria

>2018 EBIT pre special items 4% below our estimate, beat on FCF - Yesterday (06 Mar), Schaeffler (SHA) released its 2018 results. 2018 group sales came in at € 14,241m (+1.6% yoy, organic + 3.9% yoy) in line with our expectation (€ 14,259m) and a touch below consensus (€ 14,334m). 2018 group EBIT pre special items was € 1,381m (9.7% margin, -160bp yoy) and thus 4% below our estimate (€ 1,446m) and consensus (€ 1,443m). 2018 FCF before M&A of € 384m beat our estimate ...

1 director bought

A director at Schaeffler Ag bought 5,000 shares at 5.997EUR and the significance rating of the trade was 53/100. 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 ...

Benoit Valleaux ...
  • Emira Sagaama
  • Harald Eggeling
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/09/2019

...

Benoit Valleaux ...
  • Emira Sagaama
  • Harald Eggeling
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/08/2019

...

Alexandre Iatrides ...
  • Benoit Valleaux
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Harald Eggeling
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/24/2019

...

Alain William ...
  • Alexandre Iatrides
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Harald Eggeling
  • Jean Sassus
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Olivier Lebrun
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/09/2019

...

Alain William ...
  • Alexandre Iatrides
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Harald Eggeling
  • Jean Sassus
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Olivier Lebrun
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/05/2019

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SCHAEFFLER sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of SCHAEFFLER (DE), active in the Auto Parts industry. As regards its fundamental valuation, the title now shows 1 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 Slightly Negative. As of the analysis date May 3, 2019, the closing price was EUR 7.56 and its target price was estimated at EUR 6.31.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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