PAH3

Porsche Automobil HoldingXTRA:PAH3 Stock Report

Market Cap

€25.5b

7D

-3.2%

1Y

63.9%

Updated

18 Sep, 2021

Data

Company Financials +
PAH3 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance5/6
Financial Health5/6
Dividends4/6

PAH3 Overview

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide.

Share Price & News

How has Porsche Automobil Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PAH3 is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PAH3's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-3.2%

PAH3

-0.5%

DE Auto

-1.2%

DE Market


1 Year Return

63.9%

PAH3

40.3%

DE Auto

22.3%

DE Market

Return vs Industry: PAH3 exceeded the German Auto industry which returned 40.3% over the past year.

Return vs Market: PAH3 exceeded the German Market which returned 22.3% over the past year.


Shareholder returns

PAH3IndustryMarket
7 Day-3.2%-0.5%-1.2%
30 Day1.1%0.3%-1.2%
90 Day-9.5%-10.9%1.5%
1 Year75.7%63.9%46.3%40.3%26.0%22.3%
3 Year57.2%41.1%30.8%17.5%32.1%21.2%
5 Year112.7%82.5%58.2%32.6%52.5%31.8%

Long-Term Price Volatility Vs. Market

How volatile is Porsche Automobil Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Porsche Automobil Holding Fundamentals Summary

How do Porsche Automobil Holding's earnings and revenue compare to its market cap?
PAH3 fundamental statistics
Market Cap€25.54b
Earnings (TTM)€5.42b
Revenue (TTM)€111.00m

4.7x

P/E Ratio

230.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PAH3 income statement (TTM)
Revenue€111.00m
Cost of Revenue€13.00m
Gross Profit€98.00m
Expenses-€5.32b
Earnings€5.42b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 09, 2021

Earnings per share (EPS)17.68
Gross Margin88.29%
Net Profit Margin4,879.28%
Debt/Equity Ratio0.09%

How did PAH3 perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

12%

Payout Ratio

Valuation

Is Porsche Automobil Holding undervalued compared to its fair value and its price relative to the market?

4.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PAH3 (€83.4) is trading below our estimate of fair value (€86.91)

Significantly Below Fair Value: PAH3 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PAH3 is good value based on its PE Ratio (4.7x) compared to the German Auto industry average (5.4x).

PE vs Market: PAH3 is good value based on its PE Ratio (4.7x) compared to the German market (23.2x).


Price to Earnings Growth Ratio

PEG Ratio: PAH3 is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: PAH3 is good value based on its PB Ratio (0.6x) compared to the DE Auto industry average (0.9x).


Future Growth

How is Porsche Automobil Holding forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

7.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PAH3's forecast earnings growth (7.8% per year) is above the savings rate (0.01%).

Earnings vs Market: PAH3's earnings (7.8% per year) are forecast to grow slower than the German market (13% per year).

High Growth Earnings: PAH3's earnings are forecast to grow, but not significantly.

Revenue vs Market: PAH3's revenue (8.4% per year) is forecast to grow faster than the German market (5.8% per year).

High Growth Revenue: PAH3's revenue (8.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PAH3's Return on Equity is forecast to be low in 3 years time (11.2%).


Past Performance

How has Porsche Automobil Holding performed over the past 5 years?

19.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PAH3 has high quality earnings.

Growing Profit Margin: PAH3's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: PAH3 has become profitable over the past 5 years, growing earnings by 19.6% per year.

Accelerating Growth: PAH3's earnings growth over the past year (218.4%) exceeds its 5-year average (19.6% per year).

Earnings vs Industry: PAH3 earnings growth over the past year (218.4%) exceeded the Auto industry 191.3%.


Return on Equity

High ROE: PAH3's Return on Equity (13.5%) is considered low.


Financial Health

How is Porsche Automobil Holding's financial position?


Financial Position Analysis

Short Term Liabilities: PAH3's short term assets (€661.0M) exceed its short term liabilities (€117.0M).

Long Term Liabilities: PAH3's short term assets (€661.0M) exceed its long term liabilities (€227.0M).


Debt to Equity History and Analysis

Debt Level: PAH3's debt to equity ratio (0.09%) is considered satisfactory.

Reducing Debt: PAH3's debt to equity ratio has reduced from 1.1% to 0.09% over the past 5 years.

Debt Coverage: PAH3's debt is well covered by operating cash flow (2011.1%).

Interest Coverage: Insufficient data to determine if PAH3's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Porsche Automobil Holding current dividend yield, its reliability and sustainability?

2.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PAH3's dividend (2.65%) is higher than the bottom 25% of dividend payers in the German market (0.97%).

High Dividend: PAH3's dividend (2.65%) is low compared to the top 25% of dividend payers in the German market (3.16%).


Stability and Growth of Payments

Stable Dividend: PAH3's dividend payments have been volatile in the past 10 years.

Growing Dividend: PAH3's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.5%), PAH3's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PAH3's dividends in 3 years are forecast to be well covered by earnings (29.5% payout ratio).


Next Steps

Management

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

7.3yrs

Average management tenure


CEO

Hans Potsch (70 yo)

5.83yrs

Tenure

€824,196

Compensation

Dr. Hans Dieter Potsch, M.Sc., has been Chairman of the Supervisory Board at Traton SE since January 2019. He serves as Chairman of the Board of Management of Porsche Automobil Holding SE since August 2020...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Hans's total compensation is reasonable compared to companies of similar size in the German market.

Compensation vs Earnings: Hans's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PAH3's management team is seasoned and experienced (7.3 years average tenure).


Board Members

Experienced Board: PAH3's board of directors are considered experienced (3.3 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Porsche Automobil Holding SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Porsche Automobil Holding SE
  • Ticker: PAH3
  • Exchange: XTRA
  • Founded: NaN
  • Industry: Automobile Manufacturers
  • Sector: Automobiles
  • Market Cap: €25.541b
  • Shares outstanding: 306.25m
  • Website: https://www.porsche-se.com

Number of Employees


Location

  • Porsche Automobil Holding SE
  • Porscheplatz 1
  • Stuttgart
  • Baden-Württemberg
  • 70435
  • Germany

Listings


Biography

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates through two segments, PSE and Intelligent Transport Systems. The company offers motorcy...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 17:36
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.