Smart Eye: Eyes on the road

Research Update

2017-10-31

10:42

The main competitor, Seeing Machines, on October 30 announced a design win from a German premium OEM. We suspect that it could be the year 2020 S Class from Mercedes-Benz. If this is the case it would be very negative as Mercedes controls about a fourth of the premium segment. However, Smart Eye remains focused with eyes on the road ahead. Reports from Euro NCAP and the US NTSB suggest that there is no delay on the market, meaning we are indeed in design win times. We lower our sales estimates related to the risk of Seeing Machines winning Mercedes. This leaves us with a new base case of SEK 63 (76) per share and a new fair value range of SEK 21-137 (26-156).

VW

Viktor Westman

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