In today’s briefing:
- AMD: Underperforming The Market While Margins Hit All-Time Highs
- Toyota Motor Corporation: Major Drivers
- Ford Motor Company: F1 Return In Collaboration With Red Bull & Other Developments
- PayPal Holdings Inc.: Major Drivers
- Philip Morris International Inc.: Extended Long-Term Agreement With KT&G & Other Drivers
- The Hershey Company: Major Drivers
AMD: Underperforming The Market While Margins Hit All-Time Highs
- AMD’s revenue and margins hit an all-time high, and that’s bad news for AMD.
- Investors should pay close attention to decisions regarding capital allocation, according to the product roadmap.
- AMD is no longer the only game in town for semiconductors, and this is bad news to AMD.
Toyota Motor Corporation: Major Drivers
- Toyota delivered strong set of results in the quarter despite the changing business environment especially given the company lagging behind in the global shift to EVs.
- The company’s focus on hybrid vehicles and its avoidance of shifting to EVs is hurting its market share immensely in many key markets.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
Ford Motor Company: F1 Return In Collaboration With Red Bull & Other Developments
- Ford Motor delivered a disappointing result in the last quarter.
- The performance was below the expectation of the management as well as Wall Street and its industrial performance was not up to the mark.
- However, Ford’s balance sheet liquidity stays strong, and the ability of the company to generate free cash flow has improved.
PayPal Holdings Inc.: Major Drivers
- PayPal Holdings delivered strong results in the last quarter surpassing Wall Street expectations in terms of revenues as well as earnings.
- In the quarter, eBay Marketplaces revenue fell by 31%, and the take rate on these volumes dropped from 2.29% to 1.95%.
- We give PayPal Holdings a ‘Buy’ rating with a revised target price.
Philip Morris International Inc.: Extended Long-Term Agreement With KT&G & Other Drivers
- Philip Morris ended 2022 on a positive note and delivered another all-around beat.
- The company’s volume increased significantly due to the ongoing IQOS development and steady cigarette volume.
- Over a third of the total Philip Morris and more than 50% in 70 markets had smoke-free net revenues for the entire year.
The Hershey Company: Major Drivers
- Hershey ended the year on a strong note despite macroeconomic uncertainty, continued supply chain disruptions, and inflation.
- Consolidated net sales, organic, constant currency net sales, and reported net income increased and the company managed an all-around beat.
- The growth in net sales was driven mainly by net price realization, with steady consumer demand behind increased capacity and higher advertising levels.
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