Loading...

Fiat Chrysler Automobiles

WBAG:FCAU
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FCAU
WBAG
€23B
Market Cap
  1. Home
  2. AT
  3. Automobiles
Company description

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The last earnings update was 55 days ago. More info.


Add to Portfolio Compare Print
FCAU Share Price and Events
7 Day Returns
5.7%
WBAG:FCAU
6%
Europe Auto
3.4%
AT Market
1 Year Returns
-24.5%
WBAG:FCAU
-11%
Europe Auto
-2%
AT Market
FCAU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fiat Chrysler Automobiles (FCAU) 5.7% 9.7% -0.5% -24.5% - -
Europe Auto 6% 8.6% 10.9% -11% 11.6% -5.7%
AT Market 3.4% 6% 10.1% -2% 43.4% 29.5%
1 Year Return vs Industry and Market
  • FCAU underperformed the Auto industry which returned -11% over the past year.
  • FCAU underperformed the Market in Austria which returned -2% over the past year.
Price Volatility
FCAU
Industry
5yr Volatility vs Market

Value

 Is Fiat Chrysler Automobiles undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Fiat Chrysler Automobiles to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fiat Chrysler Automobiles.

WBAG:FCAU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 24 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:FCAU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.7%
Auto Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.575 (1 + (1- 19%) (63.93%))
0.914
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (0.914 * 6.65%)
6.59%

Discounted Cash Flow Calculation for WBAG:FCAU using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fiat Chrysler Automobiles is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:FCAU DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.59%)
2019 2,565.39 Analyst x7 2,406.78
2020 3,316.17 Analyst x6 2,918.81
2021 3,349.57 Analyst x3 2,765.94
2022 2,720.00 Analyst x1 2,107.21
2023 2,328.91 Est @ -14.38% 1,692.69
2024 2,098.08 Est @ -9.91% 1,430.64
2025 1,955.72 Est @ -6.79% 1,251.12
2026 1,865.82 Est @ -4.6% 1,119.82
2027 1,808.64 Est @ -3.06% 1,018.39
2028 1,772.61 Est @ -1.99% 936.39
Present value of next 10 years cash flows €17,647.78
WBAG:FCAU DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €1,772.61 × (1 + 0.51%) ÷ (6.59% – 0.51%)
€29,304.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €29,304.66 ÷ (1 + 6.59%)10
€15,480.41
WBAG:FCAU Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €17,647.78 + €15,480.41
€33,128.19
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €33,128.19 / 1,550.62
€21.36
WBAG:FCAU Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:FCAU represents 1.0026x of BIT:FCA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.0026x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 21.36 x 1.0026
€21.42
Value per share (EUR) From above. €21.42
Current discount Discount to share price of €14.69
= -1 x (€14.69 - €21.42) / €21.42
31.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Fiat Chrysler Automobiles is available for.
Intrinsic value
31%
Share price is €14.69 vs Future cash flow value of €21.42
Current Discount Checks
For Fiat Chrysler Automobiles to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fiat Chrysler Automobiles's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Fiat Chrysler Automobiles's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fiat Chrysler Automobiles's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fiat Chrysler Automobiles's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:FCAU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €2.14
BIT:FCA Share Price ** BIT (2019-04-18) in EUR €14.66
Europe Auto Industry PE Ratio Median Figure of 17 Publicly-Listed Auto Companies 8.36x
Austria Market PE Ratio Median Figure of 51 Publicly-Listed Companies 14.73x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Fiat Chrysler Automobiles.

WBAG:FCAU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:FCA Share Price ÷ EPS (both in EUR)

= 14.66 ÷ 2.14

6.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fiat Chrysler Automobiles is good value based on earnings compared to the Europe Auto industry average.
  • Fiat Chrysler Automobiles is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does Fiat Chrysler Automobiles's expected growth come at a high price?
Raw Data
WBAG:FCAU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts
11.2%per year
Europe Auto Industry PEG Ratio Median Figure of 10 Publicly-Listed Auto Companies 0.77x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

WBAG:FCAU PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.86x ÷ 11.2%

0.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fiat Chrysler Automobiles is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Fiat Chrysler Automobiles's assets?
Raw Data
WBAG:FCAU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €15.93
BIT:FCA Share Price * BIT (2019-04-18) in EUR €14.66
Europe Auto Industry PB Ratio Median Figure of 24 Publicly-Listed Auto Companies 1.22x
Austria Market PB Ratio Median Figure of 59 Publicly-Listed Companies 1.27x
WBAG:FCAU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:FCA Share Price ÷ Book Value per Share (both in EUR)

= 14.66 ÷ 15.93

0.92x

* Primary Listing of Fiat Chrysler Automobiles.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fiat Chrysler Automobiles is good value based on assets compared to the Europe Auto industry average.
X
Value checks
We assess Fiat Chrysler Automobiles's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto industry average (and greater than 0)? (1 check)
  5. Fiat Chrysler Automobiles has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Fiat Chrysler Automobiles expected to perform in the next 1 to 3 years based on estimates from 24 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fiat Chrysler Automobiles expected to grow at an attractive rate?
  • Fiat Chrysler Automobiles's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Fiat Chrysler Automobiles's earnings growth is expected to exceed the Austria market average.
  • Fiat Chrysler Automobiles's revenue growth is positive but not above the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:FCAU Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:FCAU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts 11.2%
WBAG:FCAU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 24 Analysts 2.1%
Europe Auto Industry Earnings Growth Rate Market Cap Weighted Average 6.7%
Europe Auto Industry Revenue Growth Rate Market Cap Weighted Average 3%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:FCAU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:FCAU Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 126,891 1
2022-12-31 119,085 11,220 5,211 3
2021-12-31 117,543 11,775 5,017 13
2020-12-31 114,861 11,411 4,839 21
2019-12-31 113,664 10,057 4,724 24
WBAG:FCAU Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 110,213 9,948 3,306
2018-09-30 113,576 9,779 3,095
2018-06-30 111,174 11,051 3,411
2018-03-31 110,094 11,156 3,870
2017-12-31 105,567 10,385 3,272
2017-09-30 107,725 11,641 2,949
2017-06-30 109,369 10,459 2,734
2017-03-31 112,025 11,401 1,968
2016-12-31 105,642 10,594 1,702
2016-09-30 110,713 9,800 1,578
2016-06-30 110,675 10,335 576
2016-03-31 111,387 9,563 509

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fiat Chrysler Automobiles's earnings are expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).
  • Fiat Chrysler Automobiles's revenue is expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:FCAU Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below

All data from Fiat Chrysler Automobiles Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:FCAU Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 2.46 2.46 2.46 1.00
2021-12-31 3.45 5.01 1.85 9.00
2020-12-31 3.11 4.44 2.09 18.00
2019-12-31 3.12 4.95 2.43 18.00
WBAG:FCAU Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 2.14
2018-09-30 2.00
2018-06-30 2.21
2018-03-31 2.51
2017-12-31 2.13
2017-09-30 1.93
2017-06-30 1.79
2017-03-31 1.30
2016-12-31 1.12
2016-09-30 1.04
2016-06-30 0.38
2016-03-31 0.34

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Fiat Chrysler Automobiles is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fiat Chrysler Automobiles's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Fiat Chrysler Automobiles has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Fiat Chrysler Automobiles performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Fiat Chrysler Automobiles's growth in the last year to its industry (Auto).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Fiat Chrysler Automobiles has delivered over 20% year on year earnings growth in the past 5 years.
  • Fiat Chrysler Automobiles's 1-year earnings growth is less than its 5-year average (1% vs 44.3%)
  • Fiat Chrysler Automobiles's earnings growth has not exceeded the Europe Auto industry average in the past year (1% vs 5.9%).
Earnings and Revenue History
Fiat Chrysler Automobiles's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Fiat Chrysler Automobiles Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:FCAU Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 110,213.00 3,306.00 7,594.00 2,904.00
2018-09-30 113,576.00 3,095.00 7,995.00 3,138.00
2018-06-30 111,174.00 3,411.00 7,372.00 3,096.00
2018-03-31 110,094.00 3,870.00 7,467.00 3,151.00
2017-12-31 105,567.00 3,272.00 7,439.00 2,800.00
2017-09-30 107,725.00 2,949.00 7,621.00 2,971.00
2017-06-30 109,369.00 2,734.00 7,792.00 3,090.00
2017-03-31 112,025.00 1,968.00 7,923.00 3,237.00
2016-12-31 105,642.00 1,702.00 7,729.00 2,824.00
2016-09-30 110,713.00 1,578.00 7,514.40 2,921.00
2016-06-30 110,675.00 576.00 7,518.40 2,840.00
2016-03-31 111,387.00 509.00 7,584.40 2,718.00
2015-12-31 110,407.00 50.00 7,757.40 2,643.00
2015-09-30 105,585.00 -2.00 7,747.00 2,513.00
2015-06-30 102,340.00 566.00 7,580.00 2,408.00
2015-03-31 97,063.00 497.00 7,272.00 2,315.00
2015-01-01 93,640.00 295.00 7,303.00 2,252.00
2014-09-30 92,949.00 1,020.00 7,012.00 2,408.00
2014-06-30 90,089.00 831.00 6,853.00 2,368.00
2014-03-31 89,042.00 798.00 6,759.00 2,345.00
2013-12-31 84,329.00 661.00 6,615.00 2,025.00
2013-09-30 84,264.00 51.00 6,636.00 2,039.00
2013-06-30 84,008.00 36.00 6,707.00 1,946.00
2013-03-31 83,251.00 -74.00 6,653.00 1,829.00
2012-12-31 83,765.00 44.00 6,775.00 1,801.00
2012-09-30 81,826.00 80.00 6,653.00 1,711.00
2012-06-30 78,941.00 64.00 6,477.00 1,664.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Fiat Chrysler Automobiles has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fiat Chrysler Automobiles used its assets more efficiently than the Europe Auto industry average last year based on Return on Assets.
  • Fiat Chrysler Automobiles has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fiat Chrysler Automobiles's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Fiat Chrysler Automobiles has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Fiat Chrysler Automobiles's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Fiat Chrysler Automobiles's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fiat Chrysler Automobiles's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Fiat Chrysler Automobiles's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fiat Chrysler Automobiles's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fiat Chrysler Automobiles Company Filings, last reported 3 months ago.

WBAG:FCAU Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 24,903.00 14,528.00 12,607.00
2018-09-30 23,059.00 15,202.00 12,062.00
2018-06-30 22,673.00 16,362.00 13,826.00
2018-03-31 21,704.00 16,242.00 11,928.00
2017-12-31 20,987.00 17,971.00 12,645.00
2017-09-30 20,461.00 18,640.00 12,192.00
2017-06-30 20,053.00 19,140.00 12,736.00
2017-03-31 20,063.00 21,156.00 14,413.00
2016-12-31 19,353.00 24,048.00 17,671.00
2016-09-30 17,407.00 25,292.00 17,503.00
2016-06-30 16,769.00 25,374.00 19,074.00
2016-03-31 16,129.00 26,555.00 18,988.00
2015-12-31 16,968.00 27,786.00 21,058.00
2015-09-30 14,554.00 31,175.00 21,393.00
2015-06-30 15,037.00 32,298.00 22,052.00
2015-03-31 15,235.00 33,366.00 22,829.00
2015-01-01 14,377.00 33,724.00 23,450.00
2014-09-30 10,713.00 32,933.00 18,584.00
2014-06-30 9,890.00 31,996.00 18,881.00
2014-03-31 9,713.00 31,439.00 18,053.00
2013-12-31 12,584.00 30,308.00 19,756.00
2013-09-30 9,229.00 29,113.00 17,479.00
2013-06-30 9,342.00 28,703.00 18,448.00
2013-03-31 8,636.00 29,041.00 18,537.00
2012-12-31 8,369.00 28,321.00 18,008.00
2012-09-30 12,963.00 27,081.00 17,221.00
2012-06-30 12,910.00 28,909.00 20,062.00
  • Fiat Chrysler Automobiles's level of debt (58.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (241.6% vs 58.3% today).
  • Debt is well covered by operating cash flow (68.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.3x coverage).
X
Financial health checks
We assess Fiat Chrysler Automobiles's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Fiat Chrysler Automobiles has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Fiat Chrysler Automobiles's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.44%
Current annual income from Fiat Chrysler Automobiles dividends. Estimated to be 4.98% next year.
If you bought €2,000 of Fiat Chrysler Automobiles shares you are expected to receive €89 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Fiat Chrysler Automobiles's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
  • Fiat Chrysler Automobiles's dividend is below the markets top 25% of dividend payers in Austria (4.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:FCAU Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
Europe Auto Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 4.2%
Austria Market Average Dividend Yield Market Cap Weighted Average of 49 Stocks 3.4%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:FCAU Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.49 1.00
2021-12-31 0.69 9.00
2020-12-31 0.60 16.00
2019-12-31 0.87 19.00
WBAG:FCAU Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-05 0.650 4.848
2012-11-06 0.000 0.000
2012-10-30 0.000 0.000
2012-08-01 0.000 0.000
2012-07-31 0.000 0.000
2012-04-27 0.000 0.000
2012-04-26 0.000 0.000
2012-03-02 0.000 0.000
2012-02-22 0.000 0.000
2012-02-01 0.000 0.000
2011-02-21 0.090 1.776
2011-01-27 0.090 1.260
2010-02-22 0.170 1.716
2010-01-25 0.170 2.001
2009-10-22 0.000 0.000
2009-07-23 0.000 0.000
2009-04-24 0.000 0.000
2009-04-20 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fiat Chrysler Automobiles has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Fiat Chrysler Automobiles only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Fiat Chrysler Automobiles's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.8x coverage).
X
Income/ dividend checks
We assess Fiat Chrysler Automobiles's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Fiat Chrysler Automobiles afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fiat Chrysler Automobiles has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Fiat Chrysler Automobiles's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Manley
COMPENSATION €2,980,429
AGE 54
TENURE AS CEO 0.8 years
CEO Bio

Mr. Michael M. Manley, also known as Mike, has been Chief Executive Officer at Fiat Chrysler Automobiles NV since July 21, 2018. He was Head of Ram Brand at Fiat Chrysler Automobiles N.V. since October 2015 and was its Head of Jeep Brand since June 2009. Mr. Manley serves as Chief Operating Officer of the NAFTA region at Fiat Chrysler Automobiles N.V., since July 21, 2018 until September 2018 and as interim Chief Operating Officer for the EMEA region, with effect from July 23, 2018 until December 2018. He served as the Chief Operating Officer of APAC at Fiat Chrysler Automobiles N.V. since September 2011 until January 2017. Mr. Manley served as Lead Executive for the International Organization and Lead Executive for Product Planning at Chrysler Group LLC since 2009. He served as Chief Operating Officer of The APAC Region for Fiat S.P.A at Fiat Group Automobiles India Private Limited. He served as Chief Executive Officer and President of Jeep Brand at Chrysler Group LLC since June 2009. Mr. Manley served as Senior Vice President of International and Head of Jeep Brand at Chrysler Group LLC since 2009. He served as Executive Vice President of Business Development, International Sales and Marketing of Chrysler Motors LLC since May 1, 2007. Mr. Manley served as Executive Vice President of International Sales and Product Planning Operations of Chrysler LLC until December 2008 and Executive Vice President of Global Product Planning Operations since December 2008. He served as Executive Vice President of Business Development and Executive Vice President of International Sales and Marketing at Old Carco LLC until December 2008. He served as Executive Vice President of international sales and global product planning operations at Old Carco LLC. He served as Executive Vice President of International Sales and Business Development of Chrysler LLC. He served as Vice President of Sales Strategy and Dealer Operations of Chrysler Group, DaimlerChrysler since 2006 Vice President of Dealer Operations and since 2003. He joined DaimlerChrysler in 2000 as Director of Network Development at DaimlerChrysler United Kingdom, Ltd. He served as an Operations Director of Mercedes Benz Direct since 2000. He also served as an Operations Director of Lex Auto Sales, RAC, Plc since 1998, General Manager of Wadham Kenning since 1997, Sales and Marketing Manager of Lex Vauxhall since 1992, Director/General Manager of Olympian Renault since 1989 and Aftersales Manager of Swan National Motors since 1987. He has been a Director of Chrysler Group LLC since June 13, 2014. He is 1986 Graduate Management Trainee, Motor Industry Business - Swan National Motors, Aberdeen, Scotland. He holds a Master of Business Administration from Ashridge Management College (1998) in Ashridge, England and a Bachelor of Science degree in engineering from Southbank University (1985) in London, England.

CEO Compensation
  • Insufficient data for Mike to compare compensation growth.
  • Insufficient data for Mike to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Fiat Chrysler Automobiles management team in years:

4.4
Average Tenure
55
Average Age
  • The tenure for the Fiat Chrysler Automobiles management team is about average.
Management Team

John Elkann

TITLE
Chairman of the Board
COMPENSATION
€3M
AGE
42

Mike Manley

TITLE
CEO & Executive Director
COMPENSATION
€3M
AGE
54
TENURE
0.8 yrs

Richard Palmer

TITLE
CFO & Head of Business Development
AGE
51
TENURE
7.6 yrs

Catlin Van Etten

TITLE
Group Chief Accounting Officer

Harald Wester

TITLE
CTO & COO of Maserati
AGE
59
TENURE
11.6 yrs

Joe Veltri

TITLE
Vice-President of Investor Relations
AGE
60

Mike Keegan

TITLE
Chief Audit
AGE
52
TENURE
0.1 yrs

Giorgio Fossati

TITLE
Corporate General Counsel
AGE
57
TENURE
4.4 yrs

Niel Golightly

TITLE
Global Chief Communications Officer
TENURE
0.3 yrs

Olivier François

TITLE
Head of Fiat Brand & Chief Marketing Officer
AGE
56
TENURE
7.6 yrs
Board of Directors Tenure

Average tenure and age of the Fiat Chrysler Automobiles board of directors in years:

4.5
Average Tenure
61.5
Average Age
  • The tenure for the Fiat Chrysler Automobiles board of directors is about average.
Board of Directors

Mike Manley

TITLE
CEO & Executive Director
COMPENSATION
€3M
AGE
54
TENURE
0.6 yrs

Glenn Peter Earle

TITLE
Non-Executive Director
COMPENSATION
€205K
AGE
60
TENURE
4.5 yrs

John Elkann

TITLE
Chairman of the Board
COMPENSATION
€3M
AGE
42
TENURE
4.5 yrs

Gildo Zegna

TITLE
Non-Executive Director
COMPENSATION
€191K
AGE
63
TENURE
4.5 yrs

Ronald Thompson

TITLE
Senior Non-Executive Director
COMPENSATION
€206K
AGE
69
TENURE
4.5 yrs

Andrea Agnelli

TITLE
Non-Executive Director
COMPENSATION
€169K
AGE
43
TENURE
4.5 yrs

Tiberto Brandolini d'Adda

TITLE
Non-Executive Director
COMPENSATION
€170K
AGE
70
TENURE
4.5 yrs

Patience Wheatcroft

TITLE
Non-Executive Director
COMPENSATION
€194K
AGE
67
TENURE
4.5 yrs

Valerie Mars

TITLE
Non-Executive Director
COMPENSATION
€190K
AGE
59
TENURE
4.5 yrs

Ruth Simmons

TITLE
Non-Executive Director
COMPENSATION
€181K
AGE
73
TENURE
4.5 yrs
Who owns this company?
Recent Insider Trading
  • Fiat Chrysler Automobiles insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
22. Mar 19 Sell Michael Manley Individual 22. Mar 19 22. Mar 19 -44,479 €12.81 €-569,853
19. Mar 19 Sell Michael Manley Individual 19. Mar 19 19. Mar 19 -50,900 €13.34 €-678,922
18. Mar 19 Sell Michael Manley Individual 18. Mar 19 18. Mar 19 -40,900 €12.75 €-521,385
15. Mar 19 Sell Michael Manley Individual 15. Mar 19 15. Mar 19 -39,600 €12.63 €-500,138
14. Mar 19 Sell Michael Manley Individual 14. Mar 19 14. Mar 19 -30,700 €12.59 €-386,535
X
Management checks
We assess Fiat Chrysler Automobiles's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Fiat Chrysler Automobiles has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through five segments: NAFTA, LATAM, APAC, EMEA, and Maserati. It provides passenger cars, SUV vehicles, trucks, and light commercial vehicles under the Jeep, Ram, Dodge, Chrysler, Fiat, Fiat Professional, Alfa Romeo, and Abarth brands; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand. The company also provides cast iron components for engines, gearboxes, transmissions and suspension systems, aluminum cylinder heads, and engine blocks under the Teksid brand; and designs and produces industrial automation systems and related products for the automotive industry under the Comau brand name. In addition, it provides retail and dealer financings, and leasing and rental services; and factoring services. The company sells its products directly, or through distributors and dealers in approximately 135 countries. The company was formerly known as Fiat S.p.A. and changed its name to Fiat Chrysler Automobiles N.V. in October 2014. Fiat Chrysler Automobiles N.V. was founded in 1899 and is based in London, the United Kingdom.

Details
Name: Fiat Chrysler Automobiles N.V.
FCAU
Exchange: WBAG
Founded: 1899
€22,725,851,003
1,550,617,563
Website: http://www.fcagroup.com
Address: Fiat Chrysler Automobiles N.V.
25 St. James’ Street,
London,
Greater London, SW1A 1HA,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT FCA Common Shares Borsa Italiana IT EUR 02. Jan 1992
NYSE FCAU Common Shares New York Stock Exchange US USD 02. Jan 1992
DB 2FI Common Shares Deutsche Boerse AG DE EUR 02. Jan 1992
XTRA 2FI Common Shares XETRA Trading Platform DE EUR 02. Jan 1992
LSE 0QXR Common Shares London Stock Exchange GB EUR 02. Jan 1992
WBAG FCAU Common Shares Wiener Boerse AG AT EUR 02. Jan 1992
BMV FCA N Common Shares Bolsa Mexicana de Valores MX MXN 02. Jan 1992
BATS-CHIXE FCAM Common Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
198,545
Fiat Chrysler Automobiles employees.
Industry
Automobile Manufacturers
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:16
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/22
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.