Screener:
The stock price is not at a low,
The PE is high at 34.
The Dividend Yield is low also at 72%
The PBxPE is very high at 163
PB is also high at 4.6
No debt
OPM is good at 17%
Price to Sales is high at 3.92
Profit growth has dropped
PE has jumped last year since the Earnings have dropped last year, so price drop has not been in line with the drop in earnings.
Dividend payout is large, normal for a MNC.
Sales growth seems to have slowed down as with price.
Scandals
German Bosch was involved in the Emissons Scandal of VW, Indian Bosch does not seem to have been involved in it.
https://www.reuters.com/article/us-volkswagen-emissions-idUSKCN10S2EI
VM
Bosch funds it’s growth via internal accruals not debt
It has high fixed asset turnover along with higher profitability margins. It si able to get more sales revenue from investment in it’s assets. High profits.
Ratestar
There was a high of 80 pe in 2015, it has come down steadily except recently where the pe has jumped, most likely due to the drop in profits. The price in 2015 was about 25k , now around 15k.
Screener Excel
Expenses and sales growth have been slower in teh last one year, net profit took a hit in 2018 (-21), but recovered decently in 2017 (17%). They must have done something to squeeze the margins since sales growth was tepid at best. 2018, it looks like Stock Price (SP) took a -21% hit.
It has been profitable in the last 10 years, paid dividends in the same, the price is down by about 20%. Dividend payout is about 16% to 19%. The CAGR growth in price has droped in the last few years, It has slowed down in price growth. Current 10 year CAGR for the stock prices is 16%, in 2015 it was 38%.
Horizons 
Leave a comment