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1. Company Snapshot

1.a. Company Description

Vitesco Technologies Group Aktiengesellschaft engages in the development and production of components and system solutions for drivetrains in hybrid vehicles, electric vehicles, and combustion engines worldwide.It operates through Electrification Technology, Electronic Controls, Sensing & Actuation, and Contract Manufacturing segments.The company offers 48-volt electrification solutions, electric drive systems, and power electronics for hybrid electric and battery- electric vehicles.


It also provides electronic controls, sensors, actuators, turbochargers, hydraulic components, and pumps, as well as exhaust-gas solutions.The company was formerly known as Vitesco Technologies EINS Aktiengesellschaft.Vitesco Technologies Group Aktiengesellschaft was incorporated in 2019 and is headquartered in Regensburg, Germany.

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1.b. Last Insights on VTSC

Vitesco Technologies Group Aktiengesellschaft's recent performance was negatively impacted by a slow recovery in the auto industry, as warned by its peer Schaeffler, which is set to merge with Vitesco in October. This development led Schaeffler to downgrade its profit and cash flow guidance for the year, casting a shadow over Vitesco's prospects. Additionally, the company's recent earnings release highlighted a decline in revenue and profitability, further exacerbating concerns.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Schaeffler Downgrades Guidance Amid Slow Autos Sector Recovery

Jul -23

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Auto & Transport Roundup: Market Talk

May -29

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Auto & Transport Roundup: Market Talk

May -29

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Schaeffler Shares Slip After Earnings Miss Expectations

Mar -05

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Under The Bonnet, BELIMO Holding's (VTX:BEAN) Returns Look Impressive

Feb -29

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Earnings Miss: Vitesco Technologies Group Aktiengesellschaft Missed EPS By 28% And Analysts Are Revising Their Forecasts

Nov -17

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Vitesco Technologies and onsemi Sign SiC Long-Term Supply Agreement and Agree to Invest in SiC Technology Capacity Expansion

May -31

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (6.37%)

6. Segments

Powertrain Solutions

Expected Growth: 5%

Vitesco Technologies Group's Powertrain Solutions segment growth is driven by increasing demand for electrification and autonomous driving, stringent emissions regulations, and OEMs' focus on reducing carbon footprint. Additionally, the company's strong R&D capabilities, strategic partnerships, and expanding presence in key markets such as China and Europe contribute to its growth.

Electrification Solutions

Expected Growth: 9%

Vitesco Technologies Group's Electrification Solutions segment growth is driven by increasing demand for electric vehicles, stringent emission regulations, and OEMs' electrification strategies. Additionally, the company's strong R&D capabilities, innovative products, and partnerships with key industry players contribute to its growth, resulting in a 9% growth rate.

Other/Holding/Consolidation

Expected Growth: 3%

Vitesco Technologies Group Aktiengesellschaft's Other/Holding/Consolidation segment growth is driven by increasing demand for electrification solutions, expansion into new markets, and strategic acquisitions. Additionally, the company's focus on research and development, as well as its strong partnerships with major automotive manufacturers, contribute to its growth.

7. Detailed Products

Electrification Solutions

Vitesco Technologies offers a range of electrification solutions for hybrid and electric vehicles, including electric motors, power electronics, and battery management systems.

Powertrain Solutions

Vitesco Technologies provides powertrain solutions for internal combustion engines, including fuel injection systems, ignition systems, and exhaust gas treatment systems.

Sensors and Actuators

Vitesco Technologies offers a range of sensors and actuators for automotive applications, including temperature sensors, pressure sensors, and exhaust gas recirculation valves.

Electronics and Software

Vitesco Technologies provides electronic control units, software, and engineering services for automotive applications, including autonomous driving, connectivity, and electrification.

Aftermarket Solutions

Vitesco Technologies offers a range of aftermarket solutions, including repair and maintenance services, spare parts, and technical support.

8. Vitesco Technologies Group Aktiengesellschaft's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Vitesco Technologies Group Aktiengesellschaft is moderate due to the presence of alternative technologies and suppliers in the automotive industry.

Bargaining Power Of Customers

The bargaining power of customers is low due to the company's strong relationships with its customers and the lack of buyer concentration in the industry.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate due to the presence of multiple suppliers in the industry, but the company's large scale of operations gives it some negotiating power.

Threat Of New Entrants

The threat of new entrants is low due to the high barriers to entry in the automotive industry, including the need for significant capital investment and technological expertise.

Intensity Of Rivalry

The intensity of rivalry is high due to the competitive nature of the automotive industry, with many established players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 16.15%
Debt Cost 3.95%
Equity Weight 83.85%
Equity Cost 7.03%
WACC 6.53%
Leverage 19.26%

11. Quality Control: Vitesco Technologies Group Aktiengesellschaft passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Continental

A-Score: 4.7/10

Value: 7.7

Growth: 3.3

Quality: 4.6

Yield: 5.6

Momentum: 4.0

Volatility: 3.0

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Knorr-Bremse

A-Score: 4.5/10

Value: 3.8

Growth: 3.4

Quality: 5.2

Yield: 3.8

Momentum: 4.0

Volatility: 6.7

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Valeo

A-Score: 4.4/10

Value: 8.3

Growth: 3.8

Quality: 2.5

Yield: 4.4

Momentum: 5.5

Volatility: 2.0

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Forvia

A-Score: 4.1/10

Value: 9.6

Growth: 3.2

Quality: 1.5

Yield: 1.2

Momentum: 8.0

Volatility: 1.3

1-Year Total Return ->

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Stock-Card
Vitesco Technologies

A-Score: 3.5/10

Value: 7.0

Growth: 3.6

Quality: 4.3

Yield: 0.0

Momentum: 4.0

Volatility: 2.3

1-Year Total Return ->

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Adient

A-Score: 3.5/10

Value: 8.2

Growth: 3.6

Quality: 1.5

Yield: 0.0

Momentum: 6.0

Volatility: 1.7

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

52.9$

Current Price

52.9$

Potential

-0.00%

Expected Cash-Flows