Volvo AB Series B

Volvo is a manufacturer of trucks, buses, construction equipment and marine and industrial engines. Co.'s activities are organized into six areas: Group Trucks, which sells and markets trucks under Eicher, Mack, Renault Trucks, UD Trucks and Volvo brands; Construction Equipment, which includes equipment for construction and related industries; Buses, which includes buses and bus chassis for city, intercity and coach traffic; Volvo Penta, which manufactures engines and drive systems for boats and commercial craft; Governmental Sales, which manufactures special-purpose vehicles; and Volvo Financial Services, providing customer financing and leasing, dealer financing and fee based products.
  • TickerVOLV B
  • ISINSE0000115446
  • ExchangeNasdaq Nordic Stockholm
  • SectorIndustrial Engineering
  • CountrySweden

Analysts

1 director bought

A director at Ab Volvo bought 6,000,000 shares at 137.000SEK and the significance rating of the trade was 68/100. 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...

VOLVO AB with less fundamental stars is reduced to Neutral

VOLVO AB (SE), a company active in the Commercial Vehicles & Trucks industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date May 3, 2019, the closing price was SEK 148.90 and its expected value was estimated at SEK 14...

Christer Magnergård ...
  • Mattias Holmberg
  • Ole-Andreas Krohn

Northern Lights

Christer Magnergård

Volvo (Buy, TP: SEK160.00) - E-commerce as demand driver

In this report, we have analysed the impact of e-commerce on demand for heavy-duty trucks. We conclude that the demand trend should see faster growth in the coming years, which should result in higher troughs and peaks in coming cycles. Near-term, we expect a strong Q1 driven by better internal performance, positive pricing, and the weak SEK. We keep our BUY recommendation and have raised our target price to SEK160 (150).

Ibrahim Firdaus

Volvo

Christer Magnergård

Volvo (Buy, TP: SEK160.00) - E-commerce as demand driver

In this report, we have analysed the impact of e-commerce on demand for heavy-duty trucks. We conclude that the demand trend should see faster growth in the coming years, which should result in higher troughs and peaks in coming cycles. Near-term, we expect a strong Q1 driven by better internal performance, positive pricing, and the weak SEK. We keep our BUY recommendation and have raised our target price to SEK160 (150).

Ibrahim Firdaus

Volvo

Christer Magnergård

Volvo (Buy, TP: SEK150.00) - Buckle up

After one and a half years with a neutral or negative view on Volvo, we have upgraded the stock to BUY (HOLD) and raised our target price to SEK150 (125) per share. Our view of a gradual slowdown stands, but we do not see a crisis scenario. In fact, we believe the company is in a good shape to deliver solid earnings and continue to transfer excess cash to shareholders in the next two years. An EV/sales below 0.6x has historically offered a good entry point in the stock.

Ibrahim Firdaus

Volvo

Christer Magnergård

Volvo (Hold, TP: SEK125.00) - Estimates cut

With leading indicators pointing to a slowdown in 2019, we have cut our estimates, but by not as much as the company’s history might suggest as we believe Volvo has improved. We see organic growth down 4% in 2019e (mainly skewed to H2) and have cut 2019e EPS by 10% (15% below SME consensus). As the downside risk to our estimates remains high, we reiterate our HOLD recommendation, but have lowered our target price to SEK125 (141).

1 director bought

A director at Ab Volvo bought 6,000,000 shares at 137.000SEK and the significance rating of the trade was 68/100. 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...

Christer Magnergård ...
  • Mattias Holmberg
  • Ole-Andreas Krohn

Northern Lights

Christer Magnergård ...
  • Jesper Ingildsen
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Mattias Montgomery
  • Niclas Gehin
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

Christer Magnergård ...
  • Jon Masdal
  • Ole-Andreas Krohn

Northern Lights

Christer Magnergård ...
  • Ole Martin Westgaard
  • Ole-Andreas Krohn

Northern Lights

Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • Helge André Martinsen
  • Jon Masdal
  • Martin Arnell
  • Mattias Holmberg
  • Mattias Montgomery
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Simen Mortensen
  • Stefan Gauffin

Northern Lights

VOLVO AB with less fundamental stars is reduced to Neutral

VOLVO AB (SE), a company active in the Commercial Vehicles & Trucks industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date May 3, 2019, the closing price was SEK 148.90 and its expected value was estimated at SEK 14...

Ibrahim Firdaus

Volvo

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Ibrahim Firdaus

Volvo

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Ibrahim Firdaus

Volvo

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Ibrahim Firdaus

Volvo

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Expert Corporate Governance Service (ECGS)

Proxy Report - 05/04/2018

In general, Volvo is in compliance with the Swedish regulations relating the organisation and procedures of the Annual General Meeting. Under ITEM 13, the nomination committee proposes to increase the remuneration of the board of directors by about 3.0%. In ECGS' view the current fees are already at the upper level of Swedish market practice for a company with the size and complexity ofVolvo and it therefore does not approve of any increases without adequate justification. Since the proposal is not adequately justified, ECGS recommends to vote OPPOSE. Under ITEMS 14.1-14.10, the (re-)electio...

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