Andrew Stolz

FEBRUARY 7, 2022

Highlights: End markets mature, no opportunities to grow. Massive dividend yield secured by strong cash generation. End markets mature, no opportunities to grow. ROEC’s revenue is mainly dependent on the growth of the end markets such as computers, phones, and tablets. The FCF yield shows ROEC’s dividend-paying potential.

Dividends 52

Dividends Net Debt EBIT Marketability 52

Andrew Stolz

JANUARY 17, 2022

Value play with strong dividend growth potential. Leading role in EV and hydrogen to reclaim market share. China is by far the strongest and fastest-growing market for heavy duty trucks in the world. It is the primary market for the company to realize future growth opportunities. Download the full report as a PDF.

Marketability 52

Marketability Dividends Net Debt Start-ups 52

Andrew Stolz

JANUARY 28, 2022

Attractive dividend yield could rise to 2x Japanese average. I think that the market is too pessimistic about the long-term outlook. Attractive dividend yield could rise to 2x Japanese average. In the past share, the company has increased its dividend per share and is likely to maintain that level. Conclusions.

Dividends 52

Dividends Risk-free Rate Net Debt Equity 52