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Porsche Automobil Holding

Market Cap

€26.2b

Last Updated

2021/05/17 18:39 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Excellent balance sheet, good value 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 is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: PAH3's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-2.3%

PAH3

0.6%

DE Auto

-0.4%

DE Market


1 Year Return

88.2%

PAH3

82.2%

DE Auto

34.2%

DE Market

Return vs Industry: PAH3 underperformed the German Auto industry which returned 96.3% over the past year.

Return vs Market: PAH3 exceeded the German Market which returned 39.4% over the past year.


Shareholder returns

PAH3IndustryMarket
7 Day-2.3%0.6%-0.4%
30 Day-13.0%-9.1%-2.5%
90 Day40.9%23.8%4.7%
1 Year96.9%88.2%88.8%82.2%39.0%34.2%
3 Year35.9%24.9%23.9%12.7%20.2%10.2%
5 Year111.0%81.0%70.1%44.1%56.0%34.4%

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

Valuation

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

3.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PAH3 (€85.74) is trading below our estimate of fair value (€89.26)

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


Price To Earnings Ratio

PE vs Industry: PAH3's PE Ratio (10x) is in line with the German Auto industry average.

PE vs Market: PAH3 is good value based on its PE Ratio (10x) compared to the German market (25.7x).


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 (0.7x) compared to the DE Auto industry average (1x).


Future Growth

How is Porsche Automobil Holding forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

16.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PAH3's forecast earnings growth (16.2% per year) is above the savings rate (0.01%).

Earnings vs Market: PAH3's earnings (16.2% per year) are forecast to grow faster than the German market (16% per year).

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

Revenue vs Market: PAH3's revenue (7.8% per year) is forecast to grow faster than the German market (5.5% per year).

High Growth Revenue: PAH3's revenue (7.8% 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%).


Past Performance

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

27.2%

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 lower than last year .


Past Earnings Growth Analysis

Earnings Trend: PAH3 has become profitable over the past 5 years, growing earnings by 27.2% per year.

Accelerating Growth: PAH3's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PAH3 had negative earnings growth (-40.3%) over the past year, making it difficult to compare to the Auto industry average (12.2%).


Return on Equity

High ROE: PAH3's Return on Equity (7.3%) is considered low.


Financial Health

How is Porsche Automobil Holding's financial position?


Financial Position Analysis

Short Term Liabilities: PAH3's short term assets (€637.0M) exceed its short term liabilities (€105.0M).

Long Term Liabilities: PAH3's short term assets (€637.0M) exceed its long term liabilities (€199.0M).


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 1.1% to 0.03% over the past 5 years.

Debt Coverage: PAH3's debt is well covered by operating cash flow (7027.3%).

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?

2.58%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PAH3's dividend (2.58%) is higher than the bottom 25% of dividend payers in the German market (1.08%).

High Dividend: PAH3's dividend (2.58%) is low compared to the top 25% of dividend payers in the German market (3.26%).


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 reasonably low payout ratio (25.8%), 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 (32.9% payout ratio).


Next Steps

Management

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

7.0yrs

Average management tenure


CEO

Hans Potsch (69 yo)

5.5yrs

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: Hans's total compensation ($USD1.00M) is below average for companies of similar size in the German market ($USD5.37M).

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 years average tenure).


Board Members

Experienced Board: PAH3's board of directors are not considered experienced ( 2.9 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: NaN
  • Industry: Automobile Manufacturers
  • Sector: Automobiles
  • Market Cap: €26.209b
  • 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 Analysis2021/05/17 18:39
End of Day Share Price2021/05/17 00:00
Earnings2020/12/31
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.