TTM - Tata Motors: Short-Term Headwinds Not Fully Priced In
- Tata Motors' top line and EBITDA have decreased significantly on a QoQ basis in the recent quarter, which is attributable to the increase in commodity prices and semiconductor chip shortage.
- Putting near-term headwinds aside, Tata Motors' core Jaguar Land Rover business segment has good long-term revenue growth and margin expansion potential with its business transformation program.
- Tata Motors still trades at a mid-single-digit forward EV/EBITDA, as compared to its peers, which are valued by the market at forward EV/EBITDA multiples in the low-single-digit range.
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Tata Motors: Short-Term Headwinds Not Fully Priced In