Equity research on BMW group: going green in the middle of a turmoil

This work project “Equity Research on BMW: Going Green in the Middle of a Turmoil” analyzes BMW’s business model and position in the automotive industry. The industry was severely affected by the ongoing COVID-19 pandemic and the chip shortage crisis. Given outside pressure to shift towards electric, we estimate the price target to be €103,39 for FY22, which yields a 18,2% shareholder return, therefore a BUY recommendation