Ford looks to jolt electric vehicle sector with new tech-heavy strategy

  • Ford (NYSE:F) is in the spotlight today as it holds its Capital Markets Day in a virtual format.
  • Execs highlighted the upside for investors and customers from the Ford+ strategy that includes new electrified models, OTA updates, charging services, full autonomy and new customer services.
  • Ford wants an "always on" relationship with customers that will unlock new growth opportunities.
  • The Detroit automaker continued to talk up its electric push via popular models like the Mustang Mach-E crossover, E-Transit, Bronco and F-150 Lightning. The electric push will lead to even more undisclosed models per CEO Jim Farley.
  • Ford revealed its new tech stack called Blue Oval Intelligence will deliver new features via the cloud. Ford said its goal is to lead the electric revolution. Obviously, the automaker will have heavy competition from Tesla (NASDAQ:TSLA), General Motors (NYSE:GM) and Volkswagen (OTCPK:VWAGY) as it pursues that goal.
  • Despite the big investment in EVs, Ford's ultimate vision is to boost profitability significantly via scale and services revenue.
  • Ford mentioned that it is investing in solid-state batteries in what could be a positive sign for QuantumScape (QS +4.7%).
  • Ford is also creating a standalone Ford Pro business to focus on the commercial business.
  • Ford wants its connected services business to grow right past Tesla in terms of drivers.

    Over the current book year the company from Dearborn could achieve a revenue around 129.99 billion USD (consensus estimates). This is slightly more than 2020's revenue of 127.14 billion USD.

    Historical revenues and results Ford Motor plus estimates 2020

    aandelenanalyses

    The analysts expect for 2021 a net profit of 4.21 billion USD. For this year the consensus of Ford Motor's result per share is a profit of 1.02 USD. Based on this the price/earnings-ratio is 15.66.

    Analysts don't expect the company to pay a dividend. The average dividend yield of the automobile producers equals an attractive 2.75 percent.

    Ford Motor's market capitalization is around 64.06 billion USD. The Ford Motor stock was the past 12 months quite unstable. Since last June the stock is even 118 percent higher. This year the stock price moved between 6 and 16 dollar.

    Historical stock prices Ford Motor

    stock analysis fordmotor

    On Friday the stock closed at 15.97 USD.

    Analist.nl Nieuwsdienst: +31 084-0032-842
    nieuws@analist.nl

    Copyright analist.nl B.V.
    All rights reserved. Any redistribution, duplication or archiving prohibited. Analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.