摩根大通：截至 2024 年 10 月 11 日的汽车估价表

Investment Rating - The report provides an investment comparables sheet for global automotive OEMs, indicating a general investment rating of Overweight (OW) for GM and Ford, while Tesla and Rivian are rated Underweight (UW) [7]. Core Insights - The automotive industry is experiencing significant valuation metrics, with a focus on EV/EBITDAP, EV/Sales, and P/E ratios for various companies. The report highlights that GM has a target price of 64.0, representing a 34% upside, while Tesla's target price of 130.0 indicates a -40% downside [7][10][11]. Summary by Sections Global Auto OEMs Investment Comparables - The report includes a detailed valuation comp table for global automotive OEMs, showcasing various financial metrics such as market cap, debt, and EBITDA margins [6][7]. Global Auto Parts Suppliers Valuation Metrics - Valuation metrics for US auto parts suppliers are presented, emphasizing financial returns and performance metrics, which are crucial for assessing investment opportunities in this segment [5][13]. Auto Auctions and Rentals - Investment comparables for auto auction service providers and auto rentals are included, providing insights into market dynamics and potential growth areas within the automotive sector [5][14]. Tire Manufacturers and Auto Dealers - The report also covers valuation metrics for global tire manufacturers and auto dealers, highlighting their financial performance and market positioning [5][14].