CTTAF - Continental: Solid Performance Amidst Challenging Environment
- Conti has noted that headwinds are impacting performance and hitting the bottom line, but Q2 looks to be the worst of the worst as recovery awaits.
- Conti's diversified product lineup and emerging trends in autonomous mobility, connectivity, and tire strength serve as a tailwind to revenue growth.
- An attractive valuation at ~13x earnings, 0.5x EV/sales, with a projected 2% yield growing to an estimated ~6% yield on cost in the long term support shares.
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Continental: Solid Performance Amidst Challenging Environment