Porsche Automobil Holding
Market Cap
€11.3b
Last Updated
2020/04/02 21:29 UTC
Data Sources
Company Financials +
Executive Summary
Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -0.8% per year for the next 3 years
Snowflake Analysis
Undervalued with solid track record and pays a dividend.
Similar Companies
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-10.2%
PAH3
-9.0%
DE Auto
-2.7%
DE Market
1 Year Return
-38.6%
PAH3
-32.7%
DE Auto
-20.4%
DE Market
Return vs Industry: PAH3 underperformed the German Auto industry which returned -32.7% over the past year.
Return vs Market: PAH3 underperformed the German Market which returned -20.4% over the past year.
Shareholder returns
| PAH3 | Industry | Market | |
|---|---|---|---|
| 7 Day | -10.2% | -9.0% | -2.7% |
| 30 Day | -35.4% | -25.6% | -18.4% |
| 90 Day | -45.3% | -36.8% | -26.7% |
| 1 Year | -36.2%-38.6% | -29.8%-32.7% | -18.1%-20.4% |
| 3 Year | -19.5%-25.9% | -26.8%-33.4% | -19.1%-25.9% |
| 5 Year | -54.9%-60.5% | -48.3%-55.2% | -19.5%-30.4% |
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
Valuation
Is Porsche Automobil Holding 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: PAH3 (€36.76) is trading below our estimate of fair value (€71.98)
Significantly Below Fair Value: PAH3 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PAH3 is good value based on its PE Ratio (2.6x) compared to the Auto industry average (8.4x).
PE vs Market: PAH3 is good value based on its PE Ratio (2.6x) compared to the German market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: PAH3's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: PAH3 is good value based on its PB Ratio (0.3x) compared to the DE Auto industry average (0.5x).
Next Steps
Future Growth
How is Porsche Automobil Holding forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
-0.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PAH3's earnings are forecast to decline over the next 3 years (-0.8% per year).
Earnings vs Market: PAH3's earnings are forecast to decline over the next 3 years (-0.8% per year).
High Growth Earnings: PAH3's earnings are forecast to decline over the next 3 years.
Revenue vs Market: PAH3's revenue (1.5% per year) is forecast to grow slower than the German market (4% per year).
High Growth Revenue: PAH3's revenue (1.5% 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 (11.3%).
Next Steps
Past Performance
How has Porsche Automobil Holding performed over the past 5 years?
25.1%
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's earnings have grown significantly by 25.1% per year over the past 5 years.
Accelerating Growth: PAH3's earnings growth over the past year (26.3%) exceeds its 5-year average (25.1% per year).
Earnings vs Industry: PAH3 earnings growth over the past year (26.3%) exceeded the Auto industry -8.9%.
Return on Equity
High ROE: PAH3's Return on Equity (12.5%) is considered low.
Next Steps
Financial Health
How is Porsche Automobil Holding's financial position?
Financial Position Analysis
Short Term Liabilities: PAH3's short term assets (€684.0M) exceed its short term liabilities (€102.0M).
Long Term Liabilities: PAH3's short term assets (€684.0M) exceed its long term liabilities (€206.0M).
Debt to Equity History and Analysis
Debt Level: PAH3's debt to equity ratio (0.03%) is considered satisfactory.
Reducing Debt: PAH3's debt to equity ratio has reduced from 1% to 0.03% over the past 5 years.
Debt Coverage: PAH3's debt is well covered by operating cash flow (6016.7%).
Interest Coverage: Insufficient data to determine if PAH3's interest payments on its debt are well covered by EBIT.
Balance Sheet
Inventory Level: PAH3 has a low level of unsold assets or inventory.
Debt Coverage by Assets: PAH3's debt is covered by short term assets (assets are 57x debt).
Next Steps
Dividend
What is Porsche Automobil Holding's current dividend yield, its reliability and sustainability?
8.49%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: PAH3's dividend (8.46%) is higher than the bottom 25% of dividend payers in the German market (1.65%).
High Dividend: PAH3's dividend (8.46%) is in the top 25% of dividend payers in the German market (4.86%)
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 (21.6%), PAH3's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PAH3's dividends in 3 years are forecast to be well covered by earnings (19.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.7yrs
Average management tenure
CEO
Hans Pötsch (68yo)
4.42s
Tenure
€874,791
Compensation
Dr. Hans Dieter Pötsch, M.Sc., has been Chairman of the Supervisory Board at Traton SE since January 2019. He has been the Chief Financial Officer of Porsche Automobil Holding SE since November 25, 2009 an ...
CEO Compensation Analysis
Compensation vs Market: Hans's total compensation ($USD961.31K) is below average for companies of similar size in the German market ($USD5.21M).
Compensation vs Earnings: Hans's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Executive Board & CFO | 4.42yrs | €874.79k | no data | |
| Investment Management & Member of the Executive Board | 8.08yrs | €1.24m | no data | |
| Legal affairs and Compliance & Member of the Executive Board | 4.25yrs | €1.74m | no data | |
| Head of Communications | 7.67yrs | no data | no data | |
| Head of Production | 10.67yrs | no data | no data | |
| Head of After Sales - India | 7.33yrs | no data | no data | |
| CEO, President & MD of Porsche Latin America | no data | no data | no data | |
| Executive Officer | no data | no data | no data | |
| Managing Director of Porsche France Sa | 8.58yrs | no data | no data |
7.7yrs
Average Tenure
61yo
Average Age
Experienced Management: PAH3's management team is seasoned and experienced (7.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Member of Supervisory Board | 1yr | no data | no data | |
| Member of the Supervisory Board | no data | no data | no data | |
| Chairman of the Supervisory Board | 12.42yrs | no data | no data | |
| Deputy Chairman of the Supervisory board | 2.33yrs | no data | no data | |
| Member of the Supervisory Board | 15.25yrs | no data | no data | |
| Member of Supervisory Board | 1.75yrs | no data | no data | |
| Member of Supervisory board | 1.92yrs | no data | no data | |
| Member of Supervisory Board | 2.08yrs | no data | no data | |
| Member of Supervisory Board | 1.75yrs | no data | no data | |
| Member of Supervisory Board | 1.75yrs | no data | no data |
1.9yrs
Average Tenure
60.5yo
Average Age
Experienced Board: PAH3's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
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:
- Industry: Automobile Manufacturers
- Sector: Automobiles
- Market Cap: €11.258b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PAH3 | DB (Deutsche Boerse AG) | Yes | Preferred Shares | DE | EUR | Jan 1992 |
| 0JHU | LSE (London Stock Exchange) | Yes | Preferred Shares | GB | EUR | Jan 1992 |
| PAH3 | XTRA (XETRA Trading Platform) | Yes | Preferred Shares | DE | EUR | Jan 1992 |
| POAH.F | OTCPK (Pink Sheets LLC) | Yes | Preferred Shares | US | USD | Jan 1992 |
| PAH3D | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Preferred Shares | GB | EUR | Jan 1992 |
| PAH3 | SWX (SIX Swiss Exchange) | Yes | Preferred Shares | CH | CHF | Jan 1992 |
| PAH3 | ETLX (Eurotlx) | Yes | Preferred Shares | IT | EUR | Jan 1992 |
| POAH.Y | OTCPK (Pink Sheets LLC) | UNSP ADR EACH REP 0.1 PRF | US | USD | Dec 2008 | |
| PAHA | BST (Boerse-Stuttgart) | UNSP ADR EACH REP 0.1 PRF | DE | EUR | Dec 2008 |
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 motorcycles, small cars, and luxury vehicles, as well as commercial vehicles, such as pick-ups, buses, and heavy trucks under the Volkswagen, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Scania, and MAN brand names. It also develops software solutions for transport logistics, as well as traffic planning and management; and provides dealer and customer financing, leasing, banking, insurance, fleet management, and mobility services. The company was formerly known as Dr. Ing. h.c. F. Porsche Aktiengesellschaft and changed its name to Porsche Automobil Holding SE in November 2007. Porsche Automobil Holding SE is headquartered in Stuttgart, Germany.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/02 21:29 |
| End of Day Share Price | 2020/04/02 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.