Dana inc

Wishing to scale back its dependence on anybody geographic market, the corporate is increasing its presence in development areas with a specific concentrate on China, Hungary and India. Dana can be on the lookout for alternatives by acquisitions that strategically align with its current core companies. In 2016, the corporate acquired Magnum Gaskets, a US-based provider of gaskets and sealing merchandise for automotive and business automobiles.

In 2017, Dana acquired a producing facility for axle housing and propeller shafts from an American manufacturing company. The corporate plans to shut the deal to generate further income from passenger and business automobile producers and supply it with new merchandise and applied sciences to facilitate weighing.

In 2018, Dana agreed to amass the drive methods section of the Oerlikon Group, a worldwide producer of precision gears, planetary hub drives for wheel and tracked automobiles, and merchandise and software program that assist the manufacturing of electrical automobiles. The acquisition of Oerlikon Drive Techniques will carry Dana nearer to its clients in key development areas resembling China and India.

Monetary efficiency

In four years, whole revenues rose 50%, from 6 billion to 9 billion, whereas earnings rose 100%, from $ 1.74 to $ 3.45 per share. Nevertheless, the automotive business is characterised by a low P / S a number of, as the quantity of revenue exceeds capitalization attributable to debt obligations, typically long-term. In Dana’s case, the whole debt is 2.6 billion, which incorporates long-term loans and company bonds with an extended maturity.

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