2023-03-04 23:38:59 ET
Summary
- Dana missed fourth quarter EBITDA expectations by a meaningful amount and lowered margin guidance as the company continues to see the impact of inflation and higher investments into EV capabilities.
- I continue to believe that Dana's investments into electrification are worthwhile, and the company boasts a growing backlog across light vehicles, commercial vehicles, and off-highway vehicles.
- It's going to take longer for Dana to get to my mid-single-digit FCF margin targets, but I still believe the shares are undervalued below the high teens.
For further details see:
Dana Inc. Is Paying The Cost, But Can They Become The Boss?