Latest news with #AlexanderSagel
The Market Online
07-07-2025
- Automotive
- The Market Online
RENK, Globex Mining, BYD: The raw materials gap – A threat to defense and e-mobility, An opportunity for miners
This article is presented in partnership with Apaton Finance GmbH. It is a sponsored communication intended to inform investors and should not be taken as a recommendation or financial advice. Global industry is facing a turning point. While defense giants like RENK are experiencing record demand yet continue to face investor skepticism, and electric vehicle leader BYD grapples with market saturation, raw materials are redefining the competitive landscape. Raw materials such as tungsten, antimony, and rare earths are essential for high-tech industries. Globex Mining (TSX:GMX) is directly benefiting from this shortage of strategic metals – an effect that is permeating supply chains, from tank manufacturing to electric vehicle production. The diverging paths of these three players underscore the importance of supply security in determining success. An analysis of the current status of RENK, Globex Mining, and BYD reveals the strategic levers for future value creation. RENK – Transmissions for Europe's tank offensive As a key supplier of defense vehicles, RENK is benefiting directly from the wave of rearmament. The Augsburg-based company supplies high-performance transmissions for almost all leading Western tank models, from the German Leopard 2 and the GTK Boxer to the US Bradley Fighting Vehicle. Demand has literally exploded. In the vehicle segment alone, RENK recently recorded a 404% increase in orders. With a total order backlog of EUR 5 billion, the Company has long-term planning security. The focus is now on expanding capacity. EUR 500 million is being invested in new production lines and research and development. RENK is undergoing a strategic transformation: ' We are now moving from manufacturing to series production ,' explains CEO Alexander Sagel. The Augsburg plant has already increased its production by 50%, and other locations are being integrated. At the same time, the Company is pushing ahead with diversification through acquisitions, such as Cincinnati Gearing and its entry into the electric drives market. The expansion is following a clear pattern. RENK is leveraging its core competence in precision gear units to establish itself as a system supplier for modern mobility solutions. The operating margin of 17% shows that growth remains profitable. Despite the strong position, Sagel warns of structural weaknesses in the European industry: ' At the same time, consolidation of the European defense industry is essential .' RENK is therefore pushing for industry-wide standardization, for example, through initiatives such as the MARTE main tank program. For investors, dependence on the defense sector remains a risk; however, the Company's technological leadership and bulging order book offer solid prospects. With planned annual revenue growth of 15%, RENK is significantly outperforming the industry. Nevertheless, at a current share price of EUR 65.67, the stock is not fundamentally cheap. Globex Mining – Royalties instead of risk – How the commodity player is doing Globex Mining (TSX:GMX) takes a different approach to traditional mining companies. Instead of operating mines itself, the Company is building up a broad portfolio of commodity projects, currently comprising 258 properties, mainly in North America. Globex develops these properties in a targeted manner and then grants exploration and mining rights to partner companies. In return, it receives cash payments, share packages, options and, above all, long-term royalties on metal production should production commence. This model minimizes the operational risks for Globex and generates steady income long before a mine even starts production. The partners bear the costs and risks of expensive exploration and development. If the partners run out of money, Globex regains ownership of the projects, along with the new knowledge gained through exploration. Globex's strategy focuses on raw materials that are essential for future technologies. The portfolio includes not only gold and silver but also highly sought-after metals such as lithium, which is key to electric vehicle batteries, copper, which is officially classified as critical, and antimony, which is essential for the defense industry. In addition, there are also properties with rare earths, nickel, and cobalt. These materials are necessary for electric mobility, renewable energies, and high-tech industries. Globex is thus positioning itself at the forefront of global efforts to secure and diversify supply chains for these critical raw materials. Activity in the projects remains high. Partner Antimony Resources recently reported promising drill results at a Globex antimony project. High grades of stibnite, an antimony ore, have been identified. Such successes increase the likelihood that projects will be further developed, thereby generating long-term royalties for Globex. At the same time, further payments were received. Agnico Eagle transferred the final installment of CAD 3 million for a gold project, and partners such as Renforth Resources and Manganese X made contractually agreed advance payments for their projects. These cash flows, which are independent of the start of production at individual mines, highlight the strength of the business model. The share price rose significantly at the beginning of the year and has been trading sideways since then. The share currently costs CAD 1.37. BYD – Growth in full swing, but with a bumpy foundation BYD continues to forge ahead. In the first half of 2025, 2.15 million electric and hybrid vehicles rolled off the production line – an increase of 33%. Exports are booming, with a jump of over 230% to 90,000 units in June. New plants, such as the one recently opened in Brazil, are supporting the Company's international presence. Successful models such as the affordable Seagull, with over 51,000 sales in June, and the best-selling Song are driving sales. However, not all expansion plans are running smoothly. A major project in Mexico has been put on hold for the time being due to geopolitical tensions. In terms of numbers, things are going brilliantly. Revenue and profits climbed sharply in 2024, by 29% and 34% respectively, and further jumps are expected for 2025. However, the Chinese market is causing problems. According to experts, a relentless price war, growing inventories, and the threat of market consolidation are likely to lead to a decline from over 120 to around 15 manufacturers by 2030. The German newspaper Bild recently reported on large electric vehicle graveyards. This is reflected in the share price, which has lost around a quarter of its value since May. High equity ratios and substantial cash reserves do provide a buffer, but margins remain in focus. How is BYD coping with the pressure? The key lies in deep vertical integration. The Company produces much of its own components, from batteries to chips. This protects it from supply chain problems and gives it leeway in the price war. At the same time, enormous sums are being invested in development. New business areas such as energy storage and SkyRail monorails are expanding the portfolio. Despite setbacks such as those in Mexico, the global course remains clear. The export share is set to rise to 50% in the long term. For investors, BYD is a powerhouse with clear strengths, but also noticeable bumps in the fast lane. The share price is currently EUR 13.135. The scarcity of raw materials is at the heart of the industrial future. As a technology leader in tank transmissions, RENK is benefiting from the wave of rearmament, but is struggling with structural inefficiencies in the European defense industry and a high valuation. Globex Mining is leveraging its innovative royalty model to capitalize on strategic demand for raw materials, mitigating risk, particularly in emerging fields such as future technologies. BYD is showing strength with massive growth and vertical integration, but is under pressure in its home market due to brutal price wars and the threat of market consolidation. Its expansion into Mexico has also been put on hold for the time being. Conflict of interest Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as 'Relevant Persons') may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a 'Transaction'). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company. In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships. For this reason, there is a concrete conflict of interest. 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Bloomberg
01-07-2025
- Business
- Bloomberg
Renk CEO Says Europe Defense Firms Must Consolidate to Compete
Europe's defense industry must consolidate to boost competitiveness as it ramps up production of tanks and other key machinery needed by the region's militaries, Renk Group AG Chief Executive Officer Alexander Sagel said. 'If you look at main battle tanks, if you look at armored personnel carriers, we have a lot of different types of platforms in Europe,' Sagel said Tuesday in an interview with Bloomberg Television. 'It's mandatory and it's absolutely important to have consolidation.'
Reuters
30-06-2025
- Automotive
- Reuters
Renk eyes 500-million-euro investment in armoured vehicles, CEO says
June 30 (Reuters) - German defence contractor Renk ( opens new tab plans to invest about 500 million euros ($586 million) in armoured vehicles production capacity and development over the next few years to prepare for a boost in German government orders, its CEO told newspaper Handelsblatt. "We expect that the German armed forces will need up to 1,000 new wheeled armoured vehicles by 2035. In addition, there could be demand for up to 600 new battle tanks and infantry combat vehicles each," CEO Alexander Sagel was quoted as saying. ($1 = 0.8538 euros)
Reuters
14-05-2025
- Automotive
- Reuters
Renk, Steyr set to step up production as Europe's arms spending fills order books
May 14 (Reuters) - Growing military spending in Europe drove double-digit sales growth for Rheinmetall suppliers Renk ( opens new tab and Steyr Motors ( opens new tab in the first quarter and filled out their order books for coming quarters. Their bloated order pipelines are similar to many defence sector peers that have been reporting solid results while flagging rising backlogs, as European governments scramble to increase defence budgets after decades of under-investment. Renk's and Steyr's piles of orders stand between four and five times their expected revenue this year, according to an LSEG poll of analysts. Renk CEO Alexander Sagel told Reuters that the German gearbox maker can digest the order backlog by changing the shift model at its main plant in Augsburg, rebuilding assembly lines to allow more flexibility and adjusting production at its European factories. "We do not need to build any new plant anywhere in the world, at least for the European market," Sagel said. LBBW analyst Stefan Maichl told Reuters that Renk's order backlog supported its growth ambitions and made planning for the future more secure. Renk, which makes gearboxes for Leopard 2 tanks and transmissions for Bradley fighting vehicles, reported a 14% rise in its quarterly revenue. Its smaller Austrian peer Steyr, which supplies engines to BAE Systems (BAES.L), opens new tab and the U.S. Navy Seals, saw its revenue grow by 26%. "We are in the ramp-up phase in order to work off the high order backlog. At the same time, we are continuing to see dynamic demand," Steyr CEO Julian Cassutti said in an earnings statement. Both companies confirmed their forecasts for the full year. Their Frankfurt-listed shares have more than tripled in value this year, as Western nations buy supplies to help Ukraine fight Russia's invasion and strengthen their own capabilities amid fears of waning protection from the United States. ($1 = 0.8918 euros)
Yahoo
14-02-2025
- Automotive
- Yahoo
3 Stocks Estimated To Be Trading At Discounts Of Up To 49.5%
Amid recent fluctuations in global markets, driven by tariff uncertainties and mixed economic data, investors are increasingly focused on identifying opportunities that may offer value. In this environment, stocks perceived as undervalued can present potential for growth when their market prices do not fully reflect their intrinsic worth. Name Current Price Fair Value (Est) Discount (Est) DIP (TSE:2379) ¥2275.00 ¥4529.30 49.8% Atour Lifestyle Holdings (NasdaqGS:ATAT) US$29.57 US$58.94 49.8% Biotage (OM:BIOT) SEK138.70 SEK273.61 49.3% People & Technology (KOSDAQ:A137400) ₩41400.00 ₩81928.41 49.5% Solum (KOSE:A248070) ₩17570.00 ₩34836.48 49.6% Guangdong Fenghua Advanced Technology (Holding) (SZSE:000636) CN¥15.19 CN¥29.99 49.3% Canatu Oyj (HLSE:CANATU) €12.50 €24.79 49.6% RENK Group (DB:R3NK) €24.94 €49.37 49.5% Marcus & Millichap (NYSE:MMI) US$37.27 US$73.76 49.5% Kyndryl Holdings (NYSE:KD) US$41.54 US$82.14 49.4% Click here to see the full list of 906 stocks from our Undervalued Stocks Based On Cash Flows screener. Let's dive into some prime choices out of the screener. Overview: RENK Group AG specializes in the design, engineering, production, testing, and servicing of customized drive systems both in Germany and internationally, with a market cap of €2.39 billion. Operations: The company's revenue segments include the M&I Segment with €315.97 million, the VMS Segment with €631.93 million, and the Slide Bearings Segment with €119.59 million. Estimated Discount To Fair Value: 49.5% RENK Group is trading at €24.94, significantly below its estimated fair value of €49.37, indicating a potential undervaluation based on cash flows. Despite recent profit margin declines from 3.1% to 1.9%, the company's earnings are expected to grow by over 38% annually, outpacing the German market's growth rate of 19.2%. However, interest payments remain insufficiently covered by earnings, and leadership changes may impact future performance stability with Dr. Alexander Sagel taking over as CEO in February 2025. According our earnings growth report, there's an indication that RENK Group might be ready to expand. Click here to discover the nuances of RENK Group with our detailed financial health report. Overview: Nanya Technology Corporation is involved in the research, development, manufacturing, and sale of semiconductor products across various countries including Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, and Poland with a market cap of approximately NT$94.97 billion. Operations: Nanya Technology Corporation generates revenue through its semiconductor products business, serving markets in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and beyond. Estimated Discount To Fair Value: 26.3% Nanya Technology is trading at NT$30.65, significantly below its estimated fair value of NT$41.58, highlighting potential undervaluation based on cash flows. Despite a volatile share price and recent quarterly sales decline to TWD 6.58 billion from TWD 8.70 billion, annual sales rose to TWD 34.13 billion from TWD 29.89 billion year-over-year, with net losses narrowing to TWD 5.08 billion from TWD 7.44 billion, reflecting improving financial health and future profitability prospects within three years. Our earnings growth report unveils the potential for significant increases in Nanya Technology's future results. Click here and access our complete balance sheet health report to understand the dynamics of Nanya Technology. Overview: Dino Polska S.A. operates a network of mid-sized grocery supermarkets under the Dino brand in Poland, with a market cap of PLN46.40 billion. Operations: Revenue Segments (in millions of PLN): Dino Polska's revenue is primarily generated through its network of mid-sized grocery supermarkets across Poland. Estimated Discount To Fair Value: 40.4% Dino Polska is trading at PLN473.3, significantly below its estimated fair value of PLN794.54, indicating potential undervaluation based on cash flows. Earnings have grown 25.7% annually over the past five years and are forecast to grow 18.38% per year, outpacing the Polish market's growth rate of 15.3%. Additionally, revenue growth is projected at 13.7% annually, exceeding the market average of 4.8%, supporting a positive investment outlook despite modest profit growth forecasts. The growth report we've compiled suggests that Dino Polska's future prospects could be on the up. Delve into the full analysis health report here for a deeper understanding of Dino Polska. Click through to start exploring the rest of the 903 Undervalued Stocks Based On Cash Flows now. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include DB:R3NK TWSE:2408 and WSE:DNP. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
