2024-02-23 01:48:01 ET
Summary
- Anglo American Platinum is the world's biggest producer of PG Metals and is vertically integrated.
- The sector has suffered a correction due to a weaker rebound of thermal cars requiring auto-catalysts and an increasing penetration of EVs.
- The solid balance sheet and the cost-cutting program give sufficient safety to navigate in this difficult period.
- My DCF model indicates upside potential using conservative assumptions.
- While the stock could remain very volatile, taking an initial position could make sense. I rate the stock as a BUY.
My thesis
Read the full article on Seeking Alpha
For further details see:
Anglo American Platinum: With Important Cost Cutting In Place, It Is Time To Consider Buying The Stock