Porsche Automobil Holding (PAH3) AI Stock Analysis

• Market Cap: €11.18B
• Dividend Yield: 4.81%
• Average Volume (3M): 628.64K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.99
• Revenue Growth: -39.68%
• EPS Growth: -659.81%
• Country: DE
• Employees: 48
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): 2.95
• Shares Outstanding: 153,124,980
• 10 Day Avg. Volume: 558,526
• 30 Day Avg. Volume: 628,644
• PEG Ratio: <0.01
• Price to Book (P/B): 0.32
• Price to Sales (P/S): -0.56
• P/FCF Ratio: 7.78
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €43.74
• Price Target Upside: 19.84% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 9
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: €40.00 ▲(9.59% Upside)

The score is most constrained by the sharp recent profitability deterioration (large losses, negative ROE, and weak TTM performance) despite a relatively sturdy balance sheet and positive cash flow. Technical signals are mixed/soft near term, while valuation is helped by the high dividend yield but offset by a negative P/E tied to current losses.

Porsche Automobil Holding Business Overview & Revenue Model

Company Description

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, KODA, 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. Porsche has an agreement with ABB to develop a high-power charger for its electric vehicles in Japan. 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.

How the Company Makes Money

Porsche Automobil Holding generates revenue primarily through the sale of vehicles under the Porsche and Volkswagen brands. Its revenue model is built on the production and sale of high-performance cars, luxury vehicles, and electric vehicles, which command higher price points and profit margins. Additionally, the company earns income from financial services including leasing and financing options offered to customers. Significant partnerships, such as collaborations with technology firms for electric vehicle development, enhance its portfolio and open new revenue streams. Moreover, PAH3 benefits from its strategic investments in the Volkswagen Group, which contributes substantial dividends and returns, reinforcing its overall financial stability and growth potential.

Porsche Automobil Holding Financial Statement Overview

Summary

Balance sheet strength (low debt-to-equity ~0.20 and sizable equity) and positive TTM operating/free cash flow support the score, but the income statement has deteriorated sharply with deeply negative TTM revenue and net income and negative ROE in 2024/TTM, creating meaningful near-term earnings quality risk.

Income Statement

Profitability and reported margins look very strong on paper across multiple years, but the recent period shows a sharp deterioration: TTM (Trailing-Twelve-Months) revenue and net income are deeply negative, and revenue growth is materially down versus prior years. The swing from solid positive earnings in 2023 to large losses in 2024 and TTM significantly weakens earnings quality and makes near-term performance harder to underwrite despite historically strong results.

Balance Sheet

The balance sheet appears relatively sturdy with moderate leverage: debt is low versus equity (debt-to-equity ~0.20 in TTM (Trailing-Twelve-Months)), and equity remains sizable. That said, returns on equity are meaningfully negative in 2024 and TTM (Trailing-Twelve-Months), signaling that the capital base is currently not generating profits, which is a key risk even with manageable leverage.

Cash Flow

Cash generation is positive, with TTM (Trailing-Twelve-Months) operating and free cash flow both positive, and cash flow coverage versus earnings looks unusually high (largely influenced by the current net loss). However, free cash flow growth is sharply negative in TTM (Trailing-Twelve-Months), and operating cash flow has been volatile historically (including a weak conversion year in 2022), tempering confidence in consistency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	-21.55B	-19.85B	5.21B	5.28B	4.64B	2.70B
Gross Profit	-20.80B	-19.87B	5.42B	5.25B	4.63B	2.70B
EBITDA	-21.51B	-19.79B	5.44B	5.41B	4.59B	2.66B
Net Income	-21.28B	-20.02B	5.07B	5.49B	4.57B	2.62B
Balance Sheet
Total Assets	42.85B	42.84B	62.36B	58.79B	42.53B	36.25B
Cash, Cash Equivalents and Short-Term Investments	1.95B	2.41B	1.01B	421.00M	642.00M	599.00M
Total Debt	6.97B	7.56B	6.72B	7.09B	0.00	38.00M
Total Liabilities	7.12B	7.73B	7.03B	7.37B	336.00M	304.00M
Stockholders Equity	35.73B	35.11B	55.33B	51.42B	42.20B	35.95B
Cash Flow
Free Cash Flow	707.00M	1.43B	1.87B	8.28B	736.00M	771.00M
Operating Cash Flow	707.00M	1.43B	1.87B	791.00M	733.00M	773.00M
Investing Cash Flow	697.00M	-277.00M	-243.00M	-7.29B	-4.00M	-186.00M
Financing Cash Flow	-1.27B	37.00M	-1.22B	6.29B	-691.00M	-680.00M

Porsche Automobil Holding Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 36.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:PAH3, the sentiment is Neutral. The current price of 36.5 is below the 20-day moving average (MA) of 37.04, below the 50-day MA of 38.40, and above the 200-day MA of 35.87, indicating a neutral trend. The MACD of -0.67 indicates Positive momentum. The RSI at 42.31 is Neutral, neither overbought nor oversold. The STOCH value of 24.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:PAH3.

Porsche Automobil Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MBG	77 Outperform	$58.69B	9.03	6.56%	7.25%	-7.08%	-38.11%
BMW3	72 Outperform	€54.01B	7.67	7.63%	4.72%	-8.40%	-11.54%
BMW	71 Outperform	$54.01B	7.69	7.35%	4.64%	-8.40%	-11.54%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
VOW	58 Neutral	€53.20B	7.70	4.00%	6.03%	0.49%	-45.70%
PAH3	57 Neutral	€11.18B	-0.53	-45.93%	4.81%	-39.68%	-659.81%
VOW3	54 Neutral	€53.20B	7.70	4.00%	6.13%	0.49%	-45.70%