{
  "docId": "019dd923-5ddf-7308-8fca-5e4c526f13b1",
  "docSlug": "66e65a6ff08bf1e4",
  "documentTitle": "The overall positive sentiment was also reflected in the supplier valuation levels that still trade above their long-term average",
  "authorId": "RolandBerger",
  "authorName": "Roland Berger",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.445,
  "pageNumber": 10,
  "pageCount": 86,
  "prevPage": 9,
  "nextPage": 11,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 3,
  "notes": "The chart includes a callout box highlighting the impact of the 2009 economic crisis on valuations.",
  "elementsJson": [
    "headline_text",
    "line_chart",
    "bullet_list",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5ddf-7308-8fca-5e4c526f13b1/10",
  "deckHref": "/decks/019dd923-5ddf-7308-8fca-5e4c526f13b1",
  "deckJsonHref": "/decks/019dd923-5ddf-7308-8fca-5e4c526f13b1.json",
  "deckAnchorHref": "/decks/019dd923-5ddf-7308-8fca-5e4c526f13b1#slide-10",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Valuation multiples of publicly listed automotive suppliers are above their long-term average values, however, below peak values observed during the last two to three years",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd951-e58e-76cb-be47-e9b31911de04",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.5,
        "w": 0.6,
        "x": 0.07,
        "y": 0.32
      },
      "kind": "chart",
      "text": "EV/EBITDA NTM line chart showing Japanese, European, and North American supplier valuations over time.",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bdd13a64-0032-4c46-9fe7-5c1a94b11c8c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.89,
        "x": 0.07,
        "y": 0.88
      },
      "kind": "disclaimer",
      "text": "1) NTM = Next twelve months; 2) Excluding the distorting impact of the economic crisis (Jan-Dec 2009 multiples); 3) Aisin Seiki, Bridgestone, Calsonic Kansei, Denso, Exedy, JTEKT, Keihin, Koito, Mitsuba, NHK Spring, NSK, Stanley Electric, Showa, Sumitomo Riko, Takata, Tokai Rika, Toyoda Gosei, Toyota Boshoku and TS Tech; 4) American Axle, BorgWarner, Cummins, Dana, Delphi, Federal-Mogul, Iochpe Maxion, Johnson Controls, Lear, Magna, Martinrea, Meritor, Tenneco, Tower, Visteon and Wabco; 5) Autoliv, Autoneum, Brembo, CIE, Continental, ElringKlinger, Faurecia, Georg Fischer, Grammer, Haldex, Hella, Leoni, Norma, Plastic Omnium, PWO, SHW, SKF, Stabilus, and Valeo",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "70d9a4e5-c95c-474e-a6bb-0ed4d3d7f39a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.28,
        "x": 0.68,
        "y": 0.32
      },
      "kind": "list",
      "text": "Valuation multiples of publicly listed automotive suppliers are above their long-term average values. High valuation levels are supported by cheap liquidity and profitable growth. European and North American suppliers trade at similar levels, while Japanese companies trade at a discount.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3e1ac156-839b-46c4-b5c6-59b8946d9e2a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "EV/EBITDA NTM: 6.2x",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd951-e58e-76cb-be47-ee1b1d12c2d6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.2,
        "x": 0.07,
        "y": 0.97
      },
      "kind": "source-note",
      "text": "Source: Factset, Lazard, Roland Berger",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1bb02caa-4baa-4099-b7d4-d0be7925d99c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.85,
        "x": 0.07,
        "y": 0.11
      },
      "kind": "title",
      "text": "The overall positive sentiment was also reflected in the supplier valuation levels that still trade above their long-term average",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dbc08cc7-8c6f-4999-948d-d2d1a42af5e6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.4,
        "x": 0.07,
        "y": 0.24
      },
      "kind": "title",
      "text": "Evolution of automotive supplier valuations",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5370d1cd-6264-4b41-9f3b-2346960eeb6e",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "e5eeea43-c034-42bb-a851-547ba8466610",
      "evidence": "EV/EBITDA NTM line chart showing Japanese, European, and North American supplier valuations over time.",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 20,
      "from": 6,
      "beatId": "4006b903-5f04-400b-be18-0d44119f3564",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Problem & Complication",
      "beatSlug": "consultants-gambit-problem-complication",
      "evidence": "The document highlights key challenges facing the industry, including slowing growth and increasing competition",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}