Polestar Automotive Holding UK PLC

NasdaqGM:PSNY Stock Report

Market Cap: US$2.2b

Polestar Automotive Holding UK Valuation

Is PSNY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PSNY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PSNY ($1.04) is trading below our estimate of fair value ($3.13)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PSNY?

Key metric: As PSNY is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for PSNY. This is calculated by dividing PSNY's market cap by their current revenue.
What is PSNY's PS Ratio?
PS Ratio1.1x
SalesUS$2.05b
Market CapUS$2.15b

Price to Sales Ratio vs Peers

How does PSNY's PS Ratio compare to its peers?

The above table shows the PS ratio for PSNY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.4x
LOT Lotus Technology
3.2x39.8%US$3.0b
WGO Winnebago Industries
0.6x5.8%US$1.7b
NIO NIO
1.1x21.0%US$9.7b
ZK ZEEKR Intelligent Technology Holding
0.6x23.5%US$5.2b
PSNY Polestar Automotive Holding UK
1.1x38.6%US$2.2b

Price-To-Sales vs Peers: PSNY is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (1.4x).

Price to Sales Ratio vs Industry

How does PSNY's PS Ratio compare vs other companies in the US Auto Industry?

17 CompaniesPrice / SalesEstimated GrowthMarket Cap
GM General Motors
0.3x1.2%US$60.60b
F Ford Motor
0.2x0.7%US$43.92b
THO THOR Industries
0.6x5.0%US$5.73b
ZK ZEEKR Intelligent Technology Holding
0.6x23.5%US$5.18b
PSNY 1.1xIndustry Avg. 1.1xNo. of Companies17PS048121620+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: PSNY is good value based on its Price-To-Sales Ratio (1.1x) compared to the US Auto industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is PSNY's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PSNY PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: PSNY is expensive based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PSNY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$1.04
US$1.56
+50.3%
45.3%US$3.00US$0.78n/a6
Nov ’25US$1.14
US$1.56
+37.1%
45.3%US$3.00US$0.78n/a6
Oct ’25US$1.74
US$2.63
+50.9%
102.2%US$9.00US$0.78n/a7
Sep ’25US$1.22
US$2.69
+120.1%
93.8%US$9.00US$0.78n/a8
Aug ’25US$0.70
US$2.68
+282.6%
94.1%US$9.00US$0.74n/a8
Jul ’25US$0.92
US$3.18
+247.4%
77.6%US$9.00US$1.15n/a8
Jun ’25US$0.78
US$3.18
+306.3%
77.6%US$9.00US$1.15n/a8
May ’25US$1.40
US$3.17
+126.6%
72.7%US$9.00US$1.15n/a9
Apr ’25US$1.56
US$3.17
+103.3%
72.7%US$9.00US$1.15n/a9
Mar ’25US$1.96
US$3.53
+80.2%
67.4%US$9.00US$1.15n/a8
Feb ’25US$1.83
US$3.53
+93.0%
67.4%US$9.00US$1.15n/a8
Jan ’25US$2.26
US$3.87
+71.3%
60.9%US$9.00US$1.60n/a7
Dec ’24US$2.21
US$3.87
+75.2%
60.9%US$9.00US$1.60n/a7
Nov ’24US$2.03
US$4.16
+104.8%
56.7%US$9.00US$1.60US$1.147
Oct ’24US$2.64
US$4.77
+80.6%
49.4%US$9.00US$1.60US$1.746
Sep ’24US$3.32
US$5.10
+53.8%
43.5%US$9.00US$1.60US$1.226
Aug ’24US$4.60
US$5.10
+10.9%
43.5%US$9.00US$1.60US$0.706
Jul ’24US$3.82
US$6.75
+76.7%
46.1%US$12.00US$4.00US$0.924
Jun ’24US$3.22
US$6.75
+109.6%
46.1%US$12.00US$4.00US$0.784
May ’24US$3.75
US$6.74
+79.7%
45.6%US$12.00US$2.70US$1.405
Apr ’24US$3.79
US$7.23
+90.9%
52.5%US$12.00US$2.70US$1.563
Mar ’24US$5.05
US$7.68
+52.0%
44.0%US$12.00US$2.70US$1.964
Feb ’24US$5.72
US$7.90
+38.1%
49.1%US$12.00US$2.70US$1.833
Jan ’24US$5.31
US$7.90
+48.8%
49.1%US$12.00US$2.70US$2.263
Dec ’23US$7.07
US$7.90
+11.7%
49.1%US$12.00US$2.70US$2.213
Nov ’23US$4.64
US$6.35
+36.9%
57.5%US$10.00US$2.70US$2.032

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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