Fiat Chrysler Automobiles N.V.

In the fourth quarter of 2018, General Motors’ (GM) revenue rose 1.8% YoY (year-over-year) to $38.4 billion.

Early this morning, before the market opened, Musk revealed that TSLA is reducing its full-time workforce by 7%.

At 6:46 AM EST on January 18, Tesla (TSLA) shares fell 8.4% in the pre-market session from the previous day’s closing.

In the third quarter, General Motors’ (GM) global market share fell to 8.6% from 10.0% in the third quarter of 2017.

In the third quarter, General Motors’ (GM) revenue stood at $35.8 billion, an increase of about 6.4% from $33.6 billion in revenue in the third quarter of 2017.

A couple of years quarters ago, FCAU had a bad reputation for having the lowest profit margins among legacy automakers (FXD).

As of August 14, Advance Auto Parts’ forward EV-to-EBITDA multiple was 10.8x. Currently, Advance Auto Parts’ forward PE multiple is 20.8x.

On July 25, Ferrari’s (RACE) forward EV-to-EBITDA multiple was 19.0x.

Tesla’s stock price posted a high of $327.33 in early trade on July 10. The stock price settled at $322.47 with 1.2% gains for the session.

According to the China Association of Automobile Manufacturers, vehicle sales in China were 2.29 million units in May, a 9.6% rise YoY.

Valuation multiples are often used by investors to compare auto companies similar in size or business nature.

Toyota Motor’s (TM) vehicle sales in North America fell 1.1% YoY (year-over-year) to 2.8 million units in fiscal 2018.

In 2017, Toyota Motor (TM) was the third-largest automaker by volume in the world after Renault-Nissan Alliance and Volkswagen (VLKAY).

In the auto sector, valuation multiples are used by investors to compare companies that are similar in size or business.

In March 2018, Ford Motor Company’s (F) F-Series truck US sales totaled 87,000 units, reflecting a sales rise of ~7% on a YoY (year-over-year) basis.

In 4Q17, Ford Motor Company’s (F) Asia-Pacific region’s revenue rose 11% YoY (year-over-year).

According to Autodata, US auto sales fell 2.4% year-over-year in February.

In 2017, General Motors’ (GM) Chevrolet brand’s retail sales fell 1.0% YoY (year-over-year). Chevrolet’s total US sales also fell 1.5% YoY in the year.

AutoZone’s 2Q18 earnings Previously, we looked at how AutoZone’s (AZO) key business segments fared in 2Q18. The company’s focus on improving parts availability and the in-store experience continued to drive growth. AZO’s commercial and online retail business traffic grew during the quarter. Let’s find out how these factors affected AutoZone’s profitability in 2Q18. Profit margin in 2Q18 […]

In January 2018, Fiat Chrysler Automobiles’ (FCAU) total European sales reached ~85,000 vehicle units.

In January 2018, total US auto sales rose about 1.0% YoY to 1.15 million vehicle units, reflecting a slower growth rate than China.

The company’s revenues from its largest market rose, but it couldn’t manage to post a stronger profitability from the region in the fourth quarter last year.

Last week, Fiat Chrysler stock (FCAU) continued to soar and posted solid weekly gains of 7.4%.

In December 2017, Toyota Motor (TM), the largest Japanese automaker, reported an 8.3% year-over-year (or YoY) decrease in its US sales volume to 222,985 units.

In the third quarter of 2017, General Motors’ revenues stood at $33.6 billion, demonstrating a massive drop of 13.5% compared to $38.9 billion in 3Q17.

In 1Q17, Ford reported a gross profit margin of 10.3%. It reflected weakness compared to the gross margin of 14.1% in the same quarter the previous year.

In fiscal 2Q18, Toyota reported a flat operating margin of 7.3% compared to 7.3% in the same quarter the previous year.

According to data compiled by Reuters as of October 11, 25% of analysts covering Ford (F) stock have given it a “buy” recommendation.

In August 2017, Ford Motor’s (F) F-Series truck US sales were 77,007 units with a handsome rise of 15.0% on a YoY (year-over-year) basis.

In 2Q17, General Motors’ (GM) adjusted EBIT (earnings before interest and taxes) stood at 3.7 billion. The company’s EBIT margin was 10.0% for the quarter.

In the calendar year 2016, Toyota (TM) stood as the second-largest automaker by volume in the world after Volkswagen (VLKAY).

On January 26, financial adviser Andy Chase told CNBC’s Mike Santoli that equity valuations are at an all-time low. Chase believes that stocks provide the strongest investment opportunity in 2017.

In November 2016, the WTI (West Texas Intermediate) crude oil prices traded on a bullish note after witnessing a 2.9% rise in the previous month.

In July 2016, Ford’s fleet sales rose by 6% YoY to 55,321 units, whereas its retail vehicle sales fell by 6% YoY to 161,158 units.

In 2Q16, General Motors’ (GM) revenues came in at $42.4 billion. This reflects an increase of 11.1% over $38.2 billion in the corresponding quarter of the previous year.

In 1Q16, Ford (F) reported an 11.3% year-over-year (or YoY) rise in its global revenue, which was $37.7 billion compared to $33.9 billion in 2Q15.

The US auto industry has witnessed good times in the past couple of years. In 2015, US auto sales were at their highest, with 17.4 million vehicles sold.

In fiscal 2016, Honda reported strong revenues of ~1.5 trillion Japanese yen, which is 9.6% higher than its revenues of ~1.3 trillion yen in fiscal 2015.

Honda (HMC) markets its products through an extensive sales network in the US. This network comprises ~1,040 independent local dealers for motorcycles, ~1,310 for automobiles, and ~8,200 for power products.

Honda’s sales from Japan have been declining lately due to slowing auto demand in the region. In fiscal 2016, 12% of the company’s total revenues were from its home market, much lower than 19% in fiscal 2012.

At the end of most recent reported quarter, Toyota’s interest coverage ratio was 80.6x. This is far better than the GM’s interest coverage ratio of 15.6x and Ford’s ratio of 14.1x.

With increasing environmental awareness across the globe, a delay in Toyota’s ability to deliver mainstream eco-friendly vehicles may restrict its future growth prospects.

According to a report published by Forbes in May 2015, Toyota was the eighth-largest company in the world by revenue. The company is not directly listed in the US, although its ADR is traded on the NYSE.

Toyota (TM) has 53 overseas manufacturing companies in 28 countries and regions. Originally considered a regional auto manufacturer, Toyota has busted this myth by gaining a huge global market share, particularly in the US and Europe.

It’s important for investors to take a look at an automaker’s marketing strategy to understand how the company differentiates its strategy to market its offerings.

In 2015, the company shipped ~95,000 motorcycles outside the US. Australia, Mexico, and Canada are also some of the other key markets for Harley-Davidson motorcycles.

Mexico is known for its industrial base. In 2015, vehicles constituted about 23.7% of Mexican exports, followed by electronic equipment at 21.3% of exports.

Ford uses a high amount of financial leverage. At the end of 2015, 70.4% of Ford’s capital structure was made up of debt, while 29.6% was made up of equity.

General Motors (GM) is the largest American automaker. The company was founded in the year 1908 by William C. Durant.

In Ford’s case, a number of risk factors may affect its future earnings estimates and could negatively affect its valuation multiples going forward.