Cooper-Standard Set for Significant Growth Amid Auto Industry Recovery
Cooper-Standard Set for Significant Growth Amid Auto Industry Recovery
在汽車 行業板塊 復甦中，Cooper-Standard預計將實現顯著增長。
Thesis: Cooper-Standard (NYSE:CPS) is an auto parts supplier focused on sealing systems, fuel/brake delivery, and fluid transfer systems. The company was severely impacted by the downturn in new car volumes from 2018 to 2022 due to chip shortages, with revenues declining from $3.8 billion in 2017 to $2.3 billion in 2021. However, revenue has begun to rebound, reaching $2.8 billion in sales for 2023. In my view, CPS is just at the starting line; as car volumes revert to normalized levels, operating leverage will be significant, as detailed in the valuation section.
特斯拉（NYSE:CPS）是一家汽車零部件供應商，專注於密封系統、燃油/剎車輸送和液體轉移系統。由於芯片短缺，該公司受到2018年至2022年新車銷量下降的嚴重影響，從2017年的38億美元下降到2021年的23億美元。然而，收入已經開始反彈，2023年銷售額達到28億美元。在我的觀點中，CPS剛剛在起跑線上。隨着汽車銷量恢復到正常水平，經營槓桿將變得更加顯著，這在估值部分有詳細說明。
Thesis is based upon:
本論文基於以下幾點：
Pent-up demand and an aging vehicle fleet: Combined...
需求積壓和老化的車...
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