For Siemens, structural story burns bright, but mind the valuation
Growth drivers of Siemens in place, but high valuations could be an issue in the near term
June 05, 2021 / 09:52 AM IST
Rank: 22 | Siemens Headcount in India: 9437 | Top India locations: Bengaluru Area, Mumbai Area, New Delhi Area | Most common skills: Software Development, C++ | In-demand jobs: Engineering, Information Technology, Business Development
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
Post COVID-19, the landscape of opportunities has changed for many companies. Siemens is one of them. It is far better placed to tap the opportunities in terms of the investments required in developing social infrastructure and other supporting systems, like remote working, digitisation, smart systems, security, healthcare, e-commerce, data centres etc.
Except for the energy portfolio, which accounts for 38 per cent of its revenue catering to power generation (second-largest in turbine) and power T&D, the company’s other segments...