|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||11.25 - 11.25|
|52-week range||8.42 - 12.51|
|Beta (5Y monthly)||1.32|
|PE ratio (TTM)||43.95|
|Forward dividend & yield||0.18 (1.64%)|
|Ex-dividend date||06 Aug 2021|
|1y target est||N/A|
The FTSE 100 tobacco group, which makes Gauloises and West cigarettes, also saw losses narrow in its e-cigarettes business.
A global chip shortage spurred by a pandemic-driven trend towards digitisation has been pounding companies in the auto industry, including UK car dealers already suffering following Britain's decision to leave the European Union. "Whilst the widely reported supply issues are not expected to improve until well into 2022, we are confident that margins will remain robust through this period, mitigating the likely impact on our topline," Chief Executive Officer Duncan Tait said in a statement. Inchcape, which sells new and used cars including premium brands such as BMW, Audi and Mercedes-Benz, posted a third-quarter revenue of 1.9 billion pounds ($2.61 billion), up 10% on an organic basis compared with a year earlier, but still 2% down compared with 2019.
When we covered Lookers, the car dealership, in June we wrote that the shares looked undervalued “even if the company is dead in a decade”. The fact that we could even speculate that it might not survive longer than 10 years, thanks to potential disruption from the arrival of electric cars and digital competitors, must weigh on our minds when we look at Inchcape, the global car distributor whose history goes back to 1847.