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Third Avenue Value Fund's investment thesis on Bayerische Motoren Werke AG ($BMW.DE) — Q4 2023 | Buyside Digest

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$BMW.DENASDAQBayerische Motoren Werke AG

BULL

Third Avenue Value Fund—BMW.DE

Fund Letter

Q4 2023

Published December 31, 2023

View Fund Profile

$55.32USD

-11.9% vs last month

$100.66Pitched

-45.0% since pitch

Market Cap$35.0B

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

BMW represents a well-financed engineering powerhouse trading at a low 6.1x forward P/E and 0.73x book value, supported by over EUR 20 billion in net cash. It pays an...

— Matthew Fine

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