Mobileye N.V. (MBLY, Financial) is an Israeli-based, software and systems design leader for camera based ADAS (advanced driver assistance systems). MBLY’s algorithms help avoid accidents by implementing an advanced set of applications ranging from warnings (collision warning, lane departure warning) to active safety (Autonomous Emergency Breaking and Auto Pilot features). We believe MBLY has a dominant and defensible market position in ADAS due to its technology, as evidenced by its design wins with 75% of the most significant worldwide original equipment manufacturers (OEMs). Our proprietary research and public announcements from existing supply chain companies lead us to believe that MBLY has a great opportunity to significantly grow units and prices for the foreseeable future. We think that over the next decade almost every car on the road will have camera based algorithms deployed in it as a basic feature (a part of a larger sensors’ system). We believe these features will help save thousands of lives and billions of dollars. With its technology and low selling price, we believe MBLY is well positioned to capitalize on its existing relationships with the majority of worldwide OEMs and grow its revenues and cash flows at a very fast rate. We believe MBLY could be the parallel of “Intel inside” in the auto world. (Gilad Shany)
From Baron Fund third quarter 2015 commentary.
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