Has Volvo’s Strong Value Creation Been Overlooked by the Market?
Andrew Stolz
JANUARY 17, 2022
Net assets have fallen in 2020 after selling UD truck segment to Isuzu Motors. However, increased CAPEX for capacity expansion and battery development lead to increase in net fixed assets again. In 2020, its net-debt to equity ratio stood at 0.9x. EBIT margin expansion in 21E likely to stay. Ratios – Volvo.
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