PORSCHE AUTOMOBIL HOLDING SE |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 49.35 EUR | +0.84% |
|
+0.78% | +6.54% |
| Apr. 26 | Porsche AG Books Lower Revenue, Profitability on Higher Costs | DJ |
| Apr. 26 | Porsche AG posts Q1 profit drop on ramp-up costs | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 20,408 | 17,272 | 25,554 | 15,692 | 14,186 | 15,113 | - | - |
| Enterprise Value (EV) 1 | 19,856 | 16,710 | 24,912 | 15,271 | 14,186 | 20,297 | 20,154 | 18,509 |
| P/E ratio | 4.63 x | 6.58 x | 5.6 x | 3.34 x | 2.78 x | 2.97 x | 2.71 x | 2.64 x |
| Yield | 4.67% | 3.92% | 3.07% | 5% | - | 5.19% | 5.33% | 5.18% |
| Capitalization / Revenue | 173 x | 161 x | 220 x | - | - | - | - | - |
| EV / Revenue | 168 x | 156 x | 215 x | - | - | - | - | - |
| EV / EBITDA | 2,482 x | -619 x | -430 x | 96 x | 2.62 x | 3.68 x | 3.31 x | 2.97 x |
| EV / FCF | 27.7 x | 21.7 x | 34 x | 19.3 x | - | 15.7 x | 13.5 x | 13.3 x |
| FCF Yield | 3.61% | 4.61% | 2.94% | 5.18% | - | 6.39% | 7.4% | 7.52% |
| Price to Book | 0.58 x | 0.48 x | 0.61 x | 0.31 x | - | 0.25 x | 0.24 x | 0.22 x |
| Nbr of stocks (in thousands) | 306,250 | 306,250 | 306,250 | 306,250 | 306,250 | 306,250 | - | - |
| Reference price 2 | 66.64 | 56.40 | 83.44 | 51.24 | 46.32 | 49.35 | 49.35 | 49.35 |
| Announcement Date | 3/13/20 | 3/23/21 | 3/29/22 | 3/23/23 | 3/21/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 118 | 107 | 116 | - | - | - | - | - |
| EBITDA 1 | 8 | -27 | -58 | 159 | 5,413 | 5,509 | 6,088 | 6,242 |
| EBIT 1 | 4,393 | 2,592 | 4,572 | 4,691 | 5,412 | 5,509 | 5,911 | 6,241 |
| Operating Margin | 3,722.88% | 2,422.43% | 3,941.38% | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 4,418 | 2,646 | 4,565 | 4,634 | 5,143 | 5,331 | 6,087 | 6,078 |
| Net income 1 | 4,400 | 2,623 | 4,566 | 4,787 | 5,096 | 5,074 | 5,555 | 5,636 |
| Net margin | 3,728.81% | 2,451.4% | 3,936.21% | - | - | - | - | - |
| EPS 2 | 14.39 | 8.570 | 14.90 | 15.32 | 16.64 | 16.60 | 18.18 | 18.67 |
| Free Cash Flow 1 | 716 | 771 | 733 | 791 | - | 1,296 | 1,491 | 1,392 |
| FCF margin | 606.78% | 720.56% | 631.9% | - | - | - | - | - |
| FCF Conversion (EBITDA) | 8,950% | - | - | 497.48% | - | 23.53% | 24.49% | 22.31% |
| FCF Conversion (Net income) | 16.27% | 29.39% | 16.05% | 16.52% | - | 25.55% | 26.84% | 24.71% |
| Dividend per Share 2 | 3.110 | 2.210 | 2.560 | 2.560 | - | 2.559 | 2.631 | 2.558 |
| Announcement Date | 3/13/20 | 3/23/21 | 3/29/22 | 3/23/23 | 3/21/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 64 | 50 | 57 | 53 | 28 | 35 | 63 | - | - | - | - | - |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | 1,398 |
| EBIT 1 | - | - | - | - | - | 1,246 | - | 813 | 1,351 | - | 1,557 | 1,397 |
| Operating Margin | - | - | - | - | - | 3,560% | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | - | - | - | - | - | 1,267 | - | - | 1,265 | - | 1,493 | 1,295 |
| Net margin | - | - | - | - | - | 3,620% | - | - | - | - | - | - |
| EPS 2 | - | - | - | - | - | 4.140 | - | - | - | 7.540 | 4.879 | 4.221 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/13/20 | 8/10/20 | 3/23/21 | 8/10/21 | 12/29/21 | 3/29/22 | 3/29/22 | 3/23/23 | 5/15/23 | 8/8/23 | 11/13/23 | 3/21/24 |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 5,183 | 5,041 | 3,396 |
| Net Cash position 1 | 553 | 563 | 641 | 421 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 0.9408 x | 0.828 x | 0.544 x |
| Free Cash Flow 1 | 716 | 771 | 733 | 791 | - | 1,297 | 1,491 | 1,393 |
| ROE (net income / shareholders' equity) | 12.8% | 7.37% | 11.7% | 10% | - | 8.88% | 9.04% | 8.59% |
| ROA (Net income/ Total Assets) | 12.7% | 7.3% | 11.6% | 9.45% | - | 9.07% | 9.19% | - |
| Assets 1 | 34,579 | 35,921 | 39,396 | 50,660 | - | 55,922 | 60,465 | - |
| Book Value Per Share 2 | 115.0 | 117.0 | 138.0 | 168.0 | - | 195.0 | 209.0 | 220.0 |
| Cash Flow per Share 2 | 2.360 | 2.530 | 4.790 | 5.170 | - | 4.620 | 5.590 | 5.020 |
| Capex 1 | 6 | 2 | 23 | - | - | 1 | 1 | - |
| Capex / Sales | 5.08% | 1.87% | 19.83% | - | - | - | - | - |
| Announcement Date | 3/13/20 | 3/23/21 | 3/29/22 | 3/23/23 | 3/21/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
49.35
EUR
Average target price
60.4
EUR
Spread / Average Target
+22.39%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.54% | 16.13B | |
| +35.50% | 300B | |
| +18.88% | 82.12B | |
| +5.58% | 71.52B | |
| +19.41% | 53.62B | |
| +4.92% | 51.06B | |
| +27.62% | 52.28B | |
| +28.00% | 43.93B | |
| +22.60% | 39.41B | |
| +18.24% | 27.31B |
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