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