PORSCHE AG |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 81.55 EUR | -0.06% |
|
-2.21% | +2.08% |
| May. 08 | Dpa-AFX Overview: COMPANIES from 08.05.2024 - 15:15 | DP |
| May. 08 | Weakening margin puts BMW under pressure - industry suffers too | DP |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 86,317 | 72,789 | 74,338 | - | - |
| Enterprise Value (EV) 1 | 92,078 | 77,386 | 76,688 | 76,893 | 76,479 |
| P/E ratio | 17.4 x | 14.1 x | 15.9 x | 13.4 x | 12.5 x |
| Yield | 1.06% | - | 2.88% | 3.49% | 3.83% |
| Capitalization / Revenue | 2.29 x | 1.8 x | 1.83 x | 1.68 x | 1.59 x |
| EV / Revenue | 2.45 x | 1.91 x | 1.89 x | 1.74 x | 1.64 x |
| EV / EBITDA | 9.25 x | 7.16 x | 7.57 x | 6.64 x | 6.31 x |
| EV / FCF | 181 x | 13.3 x | 21.5 x | 16.2 x | 13.5 x |
| FCF Yield | 0.55% | 7.52% | 4.64% | 6.16% | 7.42% |
| Price to Book | 2.54 x | - | 3.07 x | 2.72 x | 2.42 x |
| Nbr of stocks (in thousands) | 911,000 | 911,000 | 911,000 | - | - |
| Reference price 2 | 94.75 | 79.90 | 81.60 | 81.60 | 81.60 |
| Announcement Date | 3/13/23 | 3/12/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | 33,138 | 37,630 | 40,530 | 40,584 | 44,122 | 46,636 |
| EBITDA 1 | - | 9,959 | 10,812 | 10,134 | 11,580 | 12,120 |
| EBIT 1 | - | 6,770 | 7,284 | 6,501 | 7,768 | 8,376 |
| Operating Margin | - | 17.99% | 17.97% | 16.02% | 17.6% | 17.96% |
| Earnings before Tax (EBT) 1 | - | 7,069 | 7,375 | 6,720 | 7,931 | 8,735 |
| Net income 1 | 4,032 | 4,957 | 5,157 | 4,694 | 5,542 | 5,988 |
| Net margin | 12.17% | 13.17% | 12.72% | 11.57% | 12.56% | 12.84% |
| EPS 2 | - | 5.440 | 5.670 | 5.143 | 6.069 | 6.510 |
| Free Cash Flow 1 | - | 508 | 5,820 | 3,559 | 4,735 | 5,672 |
| FCF margin | - | 1.35% | 14.36% | 8.77% | 10.73% | 12.16% |
| FCF Conversion (EBITDA) | - | 5.1% | 53.83% | 35.12% | 40.89% | 46.8% |
| FCF Conversion (Net income) | - | 10.25% | 112.86% | 75.81% | 85.45% | 94.73% |
| Dividend per Share 2 | - | 1.000 | - | 2.347 | 2.849 | 3.128 |
| Announcement Date | 9/19/22 | 3/13/23 | 3/12/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,819 | 10,889 | 10,097 | 10,334 | 20,431 | 9,701 | 10,398 | 9,011 | 10,542 | 19,038 | 9,864 | 11,429 | 22,251 | - | - | - |
| EBITDA 1 | - | 2,658 | 2,560 | 2,862 | - | 2,542 | 2,848 | 2,211 | 3,065 | 4,200 | 2,566 | 2,899 | - | - | - | 5,200 |
| EBIT 1 | 1,568 | 1,722 | 1,840 | 2,012 | 3,852 | 1,649 | 1,783 | 1,282 | 1,763 | 2,885 | 1,521 | 1,986 | 3,725 | - | - | - |
| Operating Margin | 17.78% | 15.81% | 18.22% | 19.47% | 18.85% | 17% | 17.15% | 14.23% | 16.72% | 15.15% | 15.42% | 17.38% | 16.74% | - | - | - |
| Earnings before Tax (EBT) 1 | - | 1,764 | 1,985 | 1,997 | 3,982 | 1,663 | 1,730 | 1,333 | 1,761 | - | 1,532 | 2,132 | - | - | - | - |
| Net income 1 | - | 1,266 | 1,407 | 1,361 | 2,768 | 1,173 | 1,216 | 927 | 1,266 | - | 1,101 | 1,496 | - | - | - | - |
| Net margin | - | 11.63% | 13.93% | 13.17% | 13.55% | 12.09% | 11.69% | 10.29% | 12.01% | - | 11.16% | 13.09% | - | - | - | - |
| EPS 2 | 1.310 | 1.380 | 1.550 | 1.490 | - | 1.290 | 1.340 | 1.020 | 1.390 | - | 1.210 | 1.640 | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | 2.604 | - | - | - | - |
| Announcement Date | 11/10/22 | 3/13/23 | 5/3/23 | 7/26/23 | 7/26/23 | 10/25/23 | 3/12/24 | 4/26/24 | - | - | - | - | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 5,761 | 4,597 | 2,350 | 2,556 | 2,141 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.5785 x | 0.4252 x | 0.2319 x | 0.2207 x | 0.1766 x |
| Free Cash Flow 1 | - | 508 | 5,820 | 3,559 | 4,735 | 5,672 |
| ROE (net income / shareholders' equity) | - | 24.8% | 26.7% | 19.7% | 21.3% | 19.9% |
| ROA (Net income/ Total Assets) | - | 10% | 10.5% | 9.23% | 10% | 10.2% |
| Assets 1 | - | 49,527 | 49,045 | 50,861 | 55,141 | 58,888 |
| Book Value Per Share 2 | - | 37.40 | - | 26.60 | 30.00 | 33.70 |
| Cash Flow per Share 2 | - | 7.810 | - | 9.170 | 9.410 | 9.430 |
| Capex 1 | - | 3,661 | 4,097 | 3,894 | 3,880 | 3,983 |
| Capex / Sales | - | 9.73% | 10.11% | 9.6% | 8.79% | 8.54% |
| Announcement Date | 9/19/22 | 3/13/23 | 3/12/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
81.6
EUR
Average target price
99.55
EUR
Spread / Average Target
+21.99%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +1.45% | 79.89B | |
| +5.32% | 87.85B | |
| +20.03% | 73.14B | |
| +21.54% | 47.25B | |
| +16.00% | 33.67B | |
| +7.54% | 23.09B | |
| -10.99% | 17.99B | |
| +53.21% | 12.18B | |
| -10.19% | 10.16B | |
| +101.89% | 8.2B |
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