Traton SE (8TRA.DE) – Incoming orders slow down

Traton SE (8TRA.DE) (Q1FY23)

Introduction

Traton SE manufactures commercial vehicles worldwide. It operates in Industrial Business and Financial Services segments. The company offers city buses, intercity and travel coaches, and heavy-duty vehicles for long-distance and distribution transport, as well as construction vehicles; vans, light- to heavy-duty trucks for distributors, and long-distance vans; bus chassis, commercial trucks, and diesel engines; and school and commercial buses under the IC Bus brand.

It provides a cloud-based platform for freight transportation under the RIO brand name; and after-sales services and custom digital solutions. The company offers its products and services under the MAN, Scania, Navistar, and Volkswagen brands. In addition, it provides customers financing solutions, such as loans or leases.

Highlights

Traton unveiled the joint developed battery cell together with Northvolt, specifically tailored for heavy commercial vehicle, an impressing lifetime of more than 1.5mn kilometers can be achieved. This is a great development as the battery cell life now starts to be in line with the vehicle technical life length. This will result in the secondhand use of batteries becoming less challenging or less complicated.

Stock Performance

Over the past 3 years, Traton had delivered returns of 7% where the stock price surged from €18.24 in Jun 19, 2020 to €19.5 in Jun 19, 2023. The stock had a 200-Day Moving Average of €16.03 and a 50-Day Moving Average of €19.72.

In the past 1 year, Traton generated returns of 35% where the stock price surged from €14.42 in Jun 24, 2022 to €19.5 in Jun 19, 2023. The stock had a 52 Week High of €21.44 and a 52 Week Low of €11.77.

Over the past 3 months, Traton generated returns of 12% where the stock price increased from €17.45 in Mar 21, 2023 to €19.5 in Jun 19, 2023.

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Highlights

Valuation

– Enterprise Value
– CrispIdea 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 : 36

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