Ford’s stock has seen some recovery off-late despite a mixed result for the third quarter. The company surpassed the revenue expectations of Wall Street but missed out on earnings and ended up with nearly $50 billion in liquidity. Ford Motors has made tough capital allocation and restructuring decisions in several countries, especially South America and India. Though the performance of the company has not turn out to be as expected in China and Europe, the company still managed to gain a good cash flow and profit in the third quarter. The management has shared the new electric customer standards with all of the North American dealers in Vegas, and the early responses from the dealers turned out to be in favor of the company. The only silver lining in the quarter was Ford Credit which delivered another healthy quarter with an EBT of $600 million. The company intends to expand for that in the coming years. We give Ford Motors a ‘Hold’ rating with a revised target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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