ALV News and Headlines - Autoliv Inc
4th Quarter 2020
The cork came off of the champagne bottle in public equity markets during the fourth quarter as vaccine approvals propelled many market indices to new all-time highs, a remarkable achievement in light of the challenges of the last nine months. Proponents of value investing were particularly encouraged as the vaccine news ignited a powerful rally in so called "value stocks," which in the past have often performed relatively better than their growth counterparts during a robust economic recovery. Many market observers are expecting just such a recovery on the heels of the vaccine roll-out in the coming
For the quarter ended June 30, 2020, the Oakmark International Small Cap Fund returned 24.7%, comparing favorably to the MSCI World ex U.S. Small Cap Index, which returned 21.7% for the same period. Since the Fund’s inception in November 1995, it has returned an average of 7.7% per year.
Following significant share price declines across equities during the first quarter, the second quarter proved a much better environment. All but three of our holdings generated positive returns. Many of our largest contributors this quarter were companies that significantly detracted from returns a quarter ago, including Konecranes (OHEL:KCR), Duerr (XTER:DUE), Dometic
The New York-based firm, which has been operating for a century, is an investment partnership that is owned and operated by its four managing directors, William H. Browne, John D. Spears, Thomas H. Shrager and Robert Q. Wyckoff Jr. Deriving its investment approach from the work of Benjamin Graham, the firm oversees around $4.5 billion in assets through four unique mutual funds. Each of the portfolios is managed according to the same value principles with an
The bull market that we have enjoyed over the last 10 plus years came to a sudden end in March, as the coronavirus wreaked havoc on world health and on our global economy. Coming on the heels of last year’s very strong equity market, this abrupt and sharp downturn is, understandably, unsettling for investors. We have mentioned in past commentaries that highly valued markets can sometimes fall victim to “black swan” events that are entirely unforeseeable. This time around, that dark bird has come in the form of a virus that has quickly developed into a pandemic.
Large portions of
Autoliv (ALV) is a supplier of passive safety equipment to the auto industry. The company’s share price declined over 40% in the quarter. Although auto production shutdowns will cause short-term disruptions at the company, its strong balance sheet and new platform launches should help Autoliv grow revenue well in excess of the growth in light vehicle production in the coming years.
From [url=https://www.gurufocus.com/StockBuy.php?GuruName=David+Herro]David Herro[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=David+Herro]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=David+Herro]Portfolio[/url])'s [url=https://www.gurufocus.com/StockBuy.php?GuruName=Oakmark+Intl+Small+Cap]Oakmark Intl Small Cap[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=Oakmark+Intl+Small+Cap]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=Oakmark+Intl+Small+Cap]Portfolio[/url]) Fund first-quarter 2020 shareholder commentary.
As [url=https://www.gurufocus.com/StockBuy.php?GuruName=David+Herro]David Herro[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=David+Herro]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=David+Herro]Portfolio[/url]) wrote in his lead letter, it was a difficult quarter for global markets and the [url=https://www.gurufocus.com/StockBuy.php?GuruName=Oakmark+Intl+Small+Cap]Oakmark Intl Small Cap[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=Oakmark+Intl+Small+Cap]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=Oakmark+Intl+Small+Cap]Portfolio[/url]) Fund was not exempt. The Fund declined 38.3% for the quarter ended March 31, compared to the MSCI World ex U.S. Index, which lost 28.4%. Since the Fund’s inception in November 1995, it has returned an average of 6.8% per year. The top contributor for the quarter was Sugi Holdings (TSE:7649) (Japan), while the largest detractor was Konecranes (Finland). Over the course of the past six months, the top contributor was ConvaTec Group
According to the GuruFocus All-in-One Screener as of Dec. 26, while most of the following Guru-held companies are trading at a discount, all have positive three- to five-year future earnings estimates.
Shares of Autoliv Inc. (ALV) were trading around $85.30 per share on Dec. 26.
The company, which provides safety components and systems for the autos industry, has a GuruFocus profitability and growth rating of 7 out of 10. Its earnings per share have risen 0.6% over the last five years.
Analysts project a three-year to five-year earnings growth rate of 8.72%. The return on equity of
As of Wednesday, the following companies are trading at a discount and have positive three- to five-year future earnings estimates, according to the GuruFocus All-in-One Screener.
Shares of Autoliv Inc. (ALV) are trading around $72.37 per share. The discounted cash flow calculator gives the stock a fair value of $70.33 per share, suggesting it is overpriced by 2.90%.
The company, which provides safety components and systems for the auto industry, has a GuruFocus profitability and growth rating of 6 out of 10. Its earnings per share have grown 0.60% over the last five years.
According to the GuruFocus All-in-One Screener, the following stocks are trading at a discount and have positive three- to five-year future earnings estimates.
Autoliv Inc. (ALV) is trading around $78 per share. The discounted cash flow calculator gives the stock a fair value of $101.98 per share, suggesting it has a 23% margin of safety at current prices.
The manufacturer of passive and active safety systems has a GuruFocus profitability and growth rating of 6 out of 10. Its earnings per share have increased 0.60% over the last five years. Analysts project a
Regardless of where the transportation industry is headed, safety will always be a top concern. Autoliv Inc. (ALV) is the global leader in safety components and systems for the automotive industry, and with its stock trading just a few points off its year low, it looks like a bargain. Investors can take the 3% dividend and ride out the cylical markets to higher and higher long-term value from this stock.
Autoliv makes safety products like seat belts, air bags and steering wheels, which will continue to be installed in vehicles around the world. Even as modern society moves toward technology
Spinoff stocks can be an interesting hunting ground for value investors. Several studies have found its is possible to beat the market by investing in these stocks.
How have spinoff companies performed?
Studies have found both spinoffs and parent companies outperform the market. A study by Patrick Cusatis, James Miles and J. Randall Woolridge, which was published in a 1993 issue of The Journal of Financial Economics, determined both spinoffs and parents surpassed the S&P 500 Index by an average of 30% and 18%, respectively, for the first three years after separating the business.
In a 2005 study, Lehman Brothers
U.S. stock market indexes closed mixed on Thursday. Futures for the Dow Jones Industrial Average closed at a record 22,203.48. The Standard & Poor’s 500 index futures lost 2.75 points to 2,495.62 and futures for the Nasdaq Composite index declined to 6,429.08. The dollar index is down 0.37% at 92.06, while the U.S. 10-year bond yields 2.186% and the German 10-year bond yields 0.419%.
Shares of Equifax Inc. (EFX) lost ground after the global information solutions company said Senior Vice Presidents Jeff Dodge and Doug Brandberg will meet with investors in Minneapolis on Sept. 19 and in Dallas and Houston
According to GuruFocus' All-in-One Screener, the following are companies with market caps above $5 billion that are trading with low P/S ratios.
Principal Financial Group Inc. (PFG) is trading at about $43 with a P/S ratio of 1.04 and an estimated P/E multiple of 10.99. The company has a market cap of $12.52 billion; over the last 10 years, the stock has dropped by 18%. During the last 52 weeks, the price has been as high as $58.02 and as low as $33.09.
The company offers retirement services, insurance solutions and asset management services. It provides financial products
According to GuruFocus' All-in-One Screener, the following are companies with a market cap above $5 billion that are trading with a very low P/S ratio.
Progressive Corp. (PGR) is trading at about $35.48 with a P/S ratio of 1.00 and an estimated P/E multiple of 16.40. The company has a market cap of $20.73 billion and over the last 10 years, the stock has risen by 37%. During the last 52 weeks, the price has been as high as $35.50 and as low as $26.44.
The company offers a number of personal and commercial property-casualty insurance products mainly
In the fourth calendar quarter of 2015, the KEELEY Mid Cap Dividend Value Fund (KMDVX) rose 1.28 percent compared to a 3.12 percent increase for the Russell Mid Cap Value Index. After a challenging third quarter, equity markets rebounded to post positive gains in the fourth quarter. However, many of the factors that weighed on markets throughout 2015 remain, and will most likely play a key role in 2016. The volatility in energy prices continued, and the situation may become even more volatile as companies succumb to the pressure of sustained low energy prices. China’s slowing growth is also having
The Fund’s top performing position was Autoliv Inc. (NYSE:ALV) which climbed over 14 percent and added 25 basis points of return to the Fund during the quarter. The company reported better than expected results. Sales were strong across the board as active safety continues to perform well. The company also looks to gain additional market share in the airbag market given the recent struggles of their main competitor.
From the KEELEY Mid Cap Dividend Value Fund commentary 4th quarter 2015.
Identifying top stocks to hold on to is no easy task. These stocks should at least be going well on a long-term basis. We screened companies that take a balanced approach to dividends and buybacks and possess a good growth story as well. The stocks identified should be held onto three to five years from now based on their positive earnings momentum.
The first stock is Paccar (PCAR), which makes commercial trucks under the nameplates of Kenworth and Peterbilt in North America. The company’s earnings per share (EPS) are expected to record $4.36 this year, which is up 14% compared
According to GuruFocus list of 52-week highs, Kinder Morgan Management LLC, Autoliv Inc, Affiliated Managers Group Inc, and NTT DoCoMo Inc have all reached their 52-week highs.
Kinder Morgan Management LLC (KMR) reached the 52-week high of $104.71
Kinder Morgan Management LLC (KMR) was formed on February 14, 2001. Kinder Morgan Management Llc has a market cap of $14.24 billion; its shares were traded at around $104.71 with a P/E ratio of 59.00. The dividend yield of Kinder Morgan Management Llc stocks is 1.30%.
Autoliv Inc (ALV) reached the 52-week high of $123.09
Autoliv Inc (ALV) was created
In this article, let's take a look at BorgWarner Inc. (BWA), a $13.99 billion market cap company, which is a leading supplier of highly engineered components and systems for automotive drive train applications.
Liquidity and Debt Levels
The firm operates in a highly competitive industry, where logical cyclical demands could hurt cash flows and the sustainability of the businesses.
The trailing debt-to-equity ratio is 0.37% for the fiscal year that ended in Dec. 2014, and is below the industry average. Further, the company maintains an adequate quick ratio of 1.14, which is ranked higher than 70% of the 1391 Companies
One of Oakmark Fund’s portfolio managers, David Herro (Trades, Portfolio), will be joining GuruFocus for a Q&A session in the next few weeks. Have questions about Herro’s investing philosophy or international markets? Simply ask in the comments section below, and stay tuned for his answers.
David Herro (Trades, Portfolio) has been a manager of the Oakmark International Fund since 1992, the Oakmark International Small Cap Fund since 1995, and the Oakmark Global Select Fund since 2006. He also serves as the chief investment officer for International Equities at Harris Associates.