General Motors Co (GM) – New customers drive TRAX sales

General Motors Co (GM) (Q2FY23)

Introduction

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.

The company also sells trucks, crossovers, cars, and automobile parts through retail dealers, and distributors and dealers, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, it offers range of after-sale services through dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories, and extended service warranties; and safety and security services for retail and fleet customers, including automatic crash response, emergency services, roadside assistance, crisis assist, stolen vehicle assistance, and turn-by-turn navigation.

Further, the company provides connected services comprising mobile applications for owners to remotely control their vehicles and electric vehicle owners to locate charging stations, on-demand vehicle diagnostics, GM Smart Driver, Amazon Alexa in-vehicle voice, Google’s Voice Assistant, navigation and app ecosystem, connected navigation, SiriusXM with 360L, and 4G LTE wireless connectivity. Additionally, the company provides automotive financing and insurance services; and software-enabled services and subscriptions.

Highlights

In the higher end of the pickup market, around 70% of heavy duty retail sales are from the GMC Sierra 84 and Denali models. Premium models like the new GMC Canyon midsized pickup also account for more than 70% of sales.

Stock performance

Over the past 3 years, GM generated returns of 37% where the stock price surged from $26.62 in Aug 06, 2020 to $36.57 in Aug 04, 2023. The stock had a 200-Day Moving Average of $36.91 and a 50-Day Moving Average of $37.31.

In the past 1 year, GM delivered returns of -5% where the stock price decreased from $38.46 in Aug 11, 2022 to $36.57 in Aug 04,2023. The stock had a 52 Week High of $43.63 and a 52 Week Low of $31.11.

Over the past 3 months, General Motors generated returns of 9% where the stock price increased from $33.66 in May 08, 2023 to $36.57 in Aug 04, 2023.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 32

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