Bayerische Motoren Werke AG
BMW: XETR (DEU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€568.00 | Ywlpfj | Mdfvhmylz |
BMW Earnings: Slight First-Quarter Volume Growth Highlights Quiet Quarter
Narrow-moat-rated BMW reported mixed first-quarter results as modest top-line growth (excluding currency translation) was offset by profit margin pressure. Even so, this performance was generally in line with our expectations, and our long-term thesis is unchanged. Nevertheless, we increased our fair value estimate EUR 1 to EUR 166 due to the time value of money since our last update.