TMOAF - Undervalued TomTom Is Becoming The Center Of Takeover Speculation
Investment Thesis
With 42.8m miles of mapping data from 186 countries totaling 5bn inhabitants, TomTom remains one of the powerhouses of the mapping business. Over 70% of its 4,800 employees work in research and development. Recently, several of the world's top 10 car manufacturers chose TomTom as their partner for developing High Definition Maps ("HD Maps"), a vital component for assisted driving and autonomous driving.
The debt-free company has approximately EUR 250m in net cash. Trading at a share price of EUR 8.52, it has a market cap of EUR 1.11bn (130,827,296 shares outstanding