Volkswagen AG
VOW: XETR (DEU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€475.00 | Qxxk | Ypv |
Volkswagen: Fair Value Down 2.5% Amid Competition for Entry-Level EVs, Tapered Demand
Amid increasing competition in the nascent market for EVs selling for less than EUR 20,000, we have moderated our 2024 forecast for no-moat Volkswagen's results. As a result, we lowered our fair value estimate for the Europe-listed shares to EUR 346 from EUR 355 and for the US-listed depository receipts to $37.50 from $38 because of slight appreciation of the euro against the dollar.