SHARE IN FOCUS 2: Strong cash flow makes Siemens a Dax favorite
Frankfurt city center and skyline (symbolic image). © nantonov / iStock Editorial / Getty Images Plus / Getty Images
(new: record high, closing position)
FRANKFURT (dpa-AFX) – Siemens (Siemens share)
With only small interruptions, the Siemens shares have continued their good run since the beginning of October. Since the beginning of the year they have now increased by almost 30 percent and are among the ten best values in the Dax so far.
Analysts said they were satisfied, but also saw minor flaws. In an initial reaction, JPMorgan analyst Andreas Willi praised the Munich-based company’s “super strong cash flow”. The outlook for the 2022 financial year and the higher dividend are also pillars for the share, he emphasized.
Analyst Daniela Costa from the US investment bank Goldman Sachs (Goldman Sachs share), on the other hand, called the past quarter mixed. The number of orders and sales were strong, especially in the Digital Industries (DI) division, but the margins in all divisions were weak. The stated goals for the margins in the areas of DI, Smart Infrastructure and Siemens Mobility are also largely in line with expectations. However, it still assumes that market expectations for 2022 should increase in the low single-digit percentage range. / Ck / nas / jha / ck / he
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