Today on the way back from La Spezia (Leonardo $LDO (+0,48%) and Rheinmetall $RHM (+0,16%) greetings) on the Italian highway, I overtook four convoys of brand new military IVECOs. $IVG (+4,28%) overtaken. 2x German army and 2x Lithuanian army.

And since I was a passenger princess at the time, I used the time for an IVECO deep dive.

In short: EV/EBITDA < 4, KGV ≈ 7, FCF-Rendite > 11 % - classic deep value signature. Weak equity base prevents an outright "10 out of 10", but the 30% discount to conservative fair value, combined with positive cash generation and dividend proposal make IVECO quite attractive. Currently practically at a price of 70 cents per euro per euro. And in view of the current security policy situation, that is still conservative.

#iveco
#defense
#deepvalue

Mutares SE & Co. KGaA $MUX (+3,31%) has signed an agreement to transfer Magirus from the Iveco Group. $IVG (+4,28%) signed. The company will strengthen the Automotive & Mobility segment as a new platform investment.

Magirus is one of the best-known and technologically leading suppliers of firefighting technology worldwide.

Founded in 1864 and headquartered in Ulm, Germany, the company generates sales of over EUR 300 million and employs around 1,300 people at four locations in Germany, Italy, Austria and France.

Magirus offers a comprehensive range of products in the field of firefighting and disaster control, such as a complete program of vehicles, ladders, pumps, components and systems, including customer service and aftersales.

The company is represented in more than 70 countries worldwide and mainly supplies municipalities and public administrations, airports and industrial companies.

With its strong brand, world-class innovation and advanced technologies, the company has a unique competitive position as a leader in its field and is setting the stage for future growth in a resilient and expanding market, while optimizing its supply chain and seizing further overseas market opportunities.

Turin, Dec. 21, 2024 - The maxi deal can be said to be concluded. Iveco, the Turin-based leading manufacturer of commercial, industrial vehicles and buses, wins the tender in Germany and signs the five-year agreement with central purchasing company BusGruppe for 580 buses, 250 of which will be fully electric. This is the largest tender for electric buses ever won by the group in the German market.

The German-Italian agreement

Iveco bus, a brand of the Iveco group specializing in city, intercity and tourist buses, has signed a five-year agreement with BusGruppe for the supply of up to 580 buses, 250 of which will be electric, with a total value of up to 235 million euros. The one won with the German consortium (which includes Verkehrsbetriebe Bachstein, CeBus, KVG Stade, Omnibusbetrieb von Ahrenschildt, Pülm Reisen, and Reisebüro Schmidt) the largest tender in the market in Germany for electric buses, scheduled for delivery between 2025 and 2030.

The Turin-based company will deliver 200 Crossway Low Entry Elec and 50 E-Way electric buses, articulated and designed not surprisingly to support the customer's energy transition. However, this agreement is not limited to the electric segment alone. In fact, the agreement also includes 330 additional vehicles, including Urbanway Hybrid articulated city buses and Crossway Low Entry intercity buses, equipped with Fpt Industrial's 9-liter Cursor engines, which are compatible with renewable fuels. All vehicles that Iveco will supply will be customized to the specific needs of Verkehrsbetriebe Bachstein, the German local public transport company. Equipment will include cantilever seats, air conditioning, video surveillance systems, Wi-fi, Usb ports, and fuel-saving technologies.$IVG (+4,28%)

Servus my dears ✌️☺️

Since the @InvestmentPapa for "Companies traded on the stock exchange in everyday professional life" Nominated, thank you for it ☺️👍Will I summarize it for you 😁

Well some already know, but some may still be disappointed😂, this Homer doesn't work as a safety inspector at Mr Burns and also the supervisory board position at $UKW (+0,38%) is only a part-time job 😂.

My main job is working practically since I left school at the $DPW (-0,46%) as a parcel delivery person, meanwhile 17 years 💪😁

Vehicles

Drive either Iveco $IVG (+4,28%) or a Sprinter from $DTG (+2,36%)

Scanner

Since 2 years we have the new ones from $ZBRA (+1,12%) the old ones were from $HON (-0,22%)

Navi

To let you know when your packages are coming, I have a cheap cell phone from $SMSD (+0,14%) where I set my route.

Running shoes

There are extra shoes from $ADS (-0,28%) for the post office you get something cheaper.

Packages

Of course still much of $AMZN (+0,25%) although significantly less than before and now more heavy and large.

Also continues to be much at $EBAY (+0,76%) auctions

Not to forget electronics and smartphones from $Ceconomy

(Media Markt, Saturn) $DTE (-2,85%) , $FNTN (-0,06%) , $VOD (+1,13%)

Also much clothing from

$ZAL (-2,72%) , $ASC, (-5,53%)
$YOU, (+0%)
$HNNMY , $ADS (-0,28%) , $PUM (-0,34%)

Fun Fact

Should ever what happen with the female sex e.g. aliens would abduct all at once, then my job would be massively endangered, also the returns business would go down the drain and my employer a good short candidate 😂 .

Since the post has massive problems staff zubekommen (for 15 € the hour, you can now for the job hardly inspire one for it) and also by the high sick leave rate, my employer offers for a few months 50 € fuel voucher of $BP. (+0,21%) extra if you come on your day off.

Me would times "stock exchange-traded enterprises in the vocational everyday life" from our $UKW (+0,38%) CEO @MScottInvesting interested

😁

PS. If you want to know how a low earner like me can invest 2 to 3K per month I will tell you a lifehack at the next earnings from me 😁.

Thanks a lot ✌️☺️

#börsengehandelteralltag