SEMHF - Siemens: A Fairly Priced Industry Leader

• This article initiates coverage of Siemens Aktiengesellschaft often called Siemens.
• Siemens is a leading player in its industry and is a diversified defensive way to gain exposure to global infrastructure stimulus measures.
• The share price has risen 16% over the past year and as such this may not be the best time to buy.
• This article contains an introduction, a company summary, a qualitative SWOT analysis, a quantitative analysis, a valuation and a conclusion.
• DCF analysis and the aggregate of analyst opinions both find the stock to be fairly valued.

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