WBAG:FCAU

Stock Analysis Report

Fiat Chrysler Automobiles

Executive Summary

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems.


Snowflake Analysis

Very undervalued established dividend payer.


Similar Companies

Share Price & News

How has Fiat Chrysler Automobiles's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FCAU has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.4%

FCAU

-1.9%

AT Auto

-1.3%

AT Market


1 Year Return

-8.0%

FCAU

-5.6%

AT Auto

3.5%

AT Market

Return vs Industry: FCAU underperformed the Austrian Auto industry which returned -5.6% over the past year.

Return vs Market: FCAU underperformed the Austrian Market which returned 3.5% over the past year.


Shareholder returns

FCAUIndustryMarket
7 Day-1.4%-1.9%-1.3%
30 Day0.1%-3.9%0.4%
90 Day-9.7%-9.7%-1.2%
1 Year6.7%-8.0%-0.9%-5.6%7.2%3.5%
3 Yearn/a2.0%-8.7%27.3%15.8%
5 Yearn/a-17.0%-30.2%51.3%30.3%

Price Volatility Vs. Market

How volatile is Fiat Chrysler Automobiles's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Fiat Chrysler Automobiles undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FCAU (€12.08) is trading below our estimate of fair value (€36.22)

Significantly Below Fair Value: FCAU is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FCAU is good value based on its PE Ratio (8.3x) compared to the Auto industry average (9.8x).

PE vs Market: FCAU is good value based on its PE Ratio (8.3x) compared to the Austrian market (14.1x).


Price to Earnings Growth Ratio

PEG Ratio: FCAU is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: FCAU is good value based on its PB Ratio (0.7x) compared to the XE Auto industry average (0.9x).


Next Steps

Future Growth

How is Fiat Chrysler Automobiles forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

12.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FCAU's forecast earnings growth (12.4% per year) is above the savings rate (-0.1%).

Earnings vs Market: FCAU's earnings (12.4% per year) are forecast to grow faster than the Austrian market (2.3% per year).

High Growth Earnings: FCAU's earnings are forecast to grow, but not significantly.

Revenue vs Market: FCAU's revenue (1.6% per year) is forecast to grow slower than the Austrian market (2.7% per year).

High Growth Revenue: FCAU's revenue (1.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FCAU's Return on Equity is forecast to be low in 3 years time (14.3%).


Next Steps

Past Performance

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

37.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FCAU has a large one-off loss of €1.9B impacting its September 30 2019 financial results.

Growing Profit Margin: FCAU's current net profit margins (2.1%) are lower than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: FCAU's earnings have grown significantly by 37.1% per year over the past 5 years.

Accelerating Growth: FCAU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FCAU had negative earnings growth (-20.7%) over the past year, making it difficult to compare to the Auto industry average (2.3%).


Return on Equity

High ROE: FCAU's Return on Equity (8.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Fiat Chrysler Automobiles's financial position?


Financial Position Analysis

Short Term Liabilities: FCAU's short term assets (€38.0B) do not cover its short term liabilities (€46.6B).

Long Term Liabilities: FCAU's short term assets (€38.0B) exceed its long term liabilities (€26.3B).


Debt to Equity History and Analysis

Debt Level: FCAU's debt to equity ratio (48.6%) is considered high.

Reducing Debt: FCAU's debt to equity ratio has reduced from 306.4% to 48.6% over the past 5 years.

Debt Coverage: FCAU's debt is well covered by operating cash flow (75.1%).

Interest Coverage: FCAU's interest payments on its debt are well covered by EBIT (7.6x coverage).


Balance Sheet

Inventory Level: FCAU has a high level of physical assets or inventory.

Debt Coverage by Assets: FCAU's debt is covered by short term assets (assets are 2.8x debt).


Next Steps

Dividend

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

5.38%

Current Dividend Yield


Dividend Yield vs Market

company5.4%marketbottom25%1.6%markettop25%4.6%industryaverage4.9%forecastin3Years5.8%

Current dividend yield vs market & industry

Notable Dividend: FCAU's dividend (5.38%) is higher than the bottom 25% of dividend payers in the Austrian market (1.58%).

High Dividend: FCAU's dividend (5.38%) is in the top 25% of dividend payers in the Austrian market (4.58%)


Stability and Growth of Payments

Stable Dividend: FCAU's dividend payments have been volatile in the past 10 years.

Growing Dividend: FCAU's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.5%), FCAU's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FCAU's dividends in 3 years are forecast to be well covered by earnings (24.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.8yrs

Average management tenure


CEO

Mike Manley (55yo)

1.6yrs

Tenure

€2,980,429

Compensation

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 20 ...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD3.24M) is about average for companies of similar size in the Austrian market ($USD3.59M).

Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
John Elkann
Chairman of the Board5.3yrs€3.12m0.0085% 1.6m
Michael Manley
CEO & Executive Director1.6yrs€2.98m0.044% 8.4m
Richard Palmer
CFO, Head of Business Development & Executive Director0.8yrsno data0.026% 5.0m
Bonnie Van Etten
Group Chief Accounting Officer0yrsno datano data
Harald Wester
CTO & Executive Chairman of Maserati0.6yrsno datano data
Joseph Veltri
Vice-President of Investor Relations0yrsno datano data
Michael Keegan
Chief Audit0.9yrsno datano data
Giorgio Fossati
Corporate General Counsel5.3yrsno datano data
Simon David Sproule
Chief Communications Officer & Head of North America Communications0yrsno datano data
Olivier François
Head of Fiat Brand & Chief Marketing Officer8.4yrsno datano data

6.8yrs

Average Tenure

55yo

Average Age

Experienced Management: FCAU's management team is seasoned and experienced (6.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Elkann
Chairman of the Board5.3yrs€3.12m0.0085% 1.6m
Michael Manley
CEO & Executive Director1.6yrs€2.98m0.044% 8.4m
Richard Palmer
CFO, Head of Business Development & Executive Director0.8yrsno data0.026% 5.0m
Harald Wester
CTO & Executive Chairman of Maserati0.6yrsno datano data
Ronald Thompson
Senior Non-Executive Director5.3yrs€205.91k0.0017% 314.3k
Tiberto Brandolini d'Adda
Non-Executive Director5.3yrs€170.43k0.0017% 314.3k
Andrea Agnelli
Non-Executive Director5.3yrs€169.36k0.0023% 435.5k
Glenn Peter Earle
Non-Executive Director5.3yrs€204.68k0.0022% 412.8k
Ermenegildo Zegna
Non-Executive Director5.3yrs€191.24k0.0019% 350.3k
Patience Wheatcroft
Non-Executive Director5.3yrs€193.88k0.0017% 314.3k

5.3yrs

Average Tenure

60.5yo

Average Age

Experienced Board: FCAU's board of directors are considered experienced (5.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fiat Chrysler Automobiles N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fiat Chrysler Automobiles N.V.
  • Ticker: FCAU
  • Exchange: WBAG
  • Founded: 1899
  • Industry: Automobile Manufacturers
  • Sector: Automobiles
  • Market Cap: €18.936b
  • Shares outstanding: 1.57b
  • Website: https://www.fcagroup.com

Number of Employees


Location

  • Fiat Chrysler Automobiles N.V.
  • 25 St. James’ Street
  • London
  • Greater London
  • SW1A 1HA
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FCABIT (Borsa Italiana)YesCommon SharesITEURJan 1992
2FIDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1992
FCAUNYSE (New York Stock Exchange)YesCommon SharesUSUSDJan 1992
FCAMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJan 1992
FCA NBMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNJan 1992
0QXRLSE (London Stock Exchange)YesCommon SharesGBEURJan 1992
2FIXTRA (XETRA Trading Platform)YesCommon SharesDEEURJan 1992
FCAUWBAG (Wiener Boerse AG)YesCommon SharesATEURJan 1992

Biography

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. Fiat Chrysler Automobiles N.V. has a collaboration with AM General to develop Jeep Gladiator XMT, a light tactical concept vehicle. 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 23:19
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.