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Porsche Automobil Holding
(XETRA:PAH3)
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Rating:54Neutral
Price Target:
€28.00
▲(3.32% Upside)
Action:Downgraded
Date:08/18/26
Overall score is held back primarily by weak and inconsistent operating performance (sharp TTM revenue decline and earnings volatility) and bearish technical positioning (trading below key moving averages). The score is partially supported by a relatively solid balance sheet with moderate leverage, positive (though weakening) free cash flow, and a high dividend yield, but the negative P/E underscores ongoing earnings uncertainty.
Positive Factors
Moderate Leverage
Low leverage and a substantial equity base provide Porsche SE with financial flexibility to service holding-company debt, withstand volatility in Volkswagen-related earnings, and manage investments without excessive balance-sheet strain.
Negative Factors
Weak and Volatile Earnings
Sharp recent revenue contraction and extreme swings across annual profits make Porsche SE’s earnings difficult to underwrite. The inconsistent results reduce visibility into sustainable returns and can constrain dependable dividends from the holding structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate Leverage
Low leverage and a substantial equity base provide Porsche SE with financial flexibility to service holding-company debt, withstand volatility in Volkswagen-related earnings, and manage investments without excessive balance-sheet strain.
Read all positive factors
Porsche Automobil Holding (PAH3) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€8.46B
Dividend Yield5.52%
Average Volume (3M)628.64K
Price to Earnings (P/E)―
Beta (1Y)1.00
Revenue Growth12.91%
EPS GrowthN/A
CountryDE
Employees48
SectorGeneral
Sector StrengthN/A
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-3.73
Shares Outstanding153,124,980
10 Day Avg. Volume558,526
30 Day Avg. Volume628,644
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.16
Price to Sales (P/S)2.23
P/FCF Ratio8.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€47.32Price Target Upside74.62% Upside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)8.9
Revenue Forecast (FY)N/A
Porsche Automobil Holding Business Overview & Revenue Model
Company Description
Porsche Automobil Holding SE, an international automotive conglomerate headquartered in Stuttgart, Germany, engages in manufacturing a diverse portfolio of vehicles globally. Its offerings span from motorcycles and compact passenger cars to high-e...
How the Company Makes Money
Porsche Automobil Holding SE primarily makes money from its investment holdings rather than from selling products or services. The most important earnings driver is its stake in Volkswagen AG: (1) Dividend income: Porsche SE receives dividends whe...
Porsche Automobil Holding Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
71
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.91B | 2.74B | -19.85B | 5.21B | 5.28B | 4.64B |
| Gross Profit | 1.40B | 2.74B | -19.87B | 5.42B | 5.25B | 4.63B |
| EBITDA | -87.00M | 2.96B | -19.79B | 5.44B | 5.41B | 4.59B |
| Net Income | 95.00M | 2.65B | -20.02B | 5.07B | 5.49B | 4.57B |
Balance Sheet | ||||||
| Total Assets | 42.76B | 45.02B | 42.84B | 62.36B | 58.79B | 42.53B |
| Cash, Cash Equivalents and Short-Term Investments | 1.92B | 1.94B | 2.41B | 1.01B | 421.00M | 642.00M |
| Total Debt | 6.90B | 7.03B | 7.56B | 6.72B | 7.09B | 0.00 |
| Total Liabilities | 7.03B | 7.20B | 7.73B | 7.03B | 7.37B | 336.00M |
| Stockholders Equity | 35.73B | 37.82B | 35.11B | 55.33B | 51.42B | 42.20B |
Cash Flow | ||||||
| Free Cash Flow | 242.00M | 700.00M | 1.43B | 1.87B | 8.28B | 736.00M |
| Operating Cash Flow | 429.00M | 700.00M | 1.43B | 1.87B | 791.00M | 733.00M |
| Investing Cash Flow | -33.00M | -235.00M | -277.00M | -243.00M | -7.29B | -4.00M |
| Financing Cash Flow | -1.19B | -1.11B | 37.00M | -1.22B | 6.29B | -691.00M |
Porsche Automobil Holding Technical Analysis
Negative
27.10
Price Trends
28.25
Negative
29.25
Negative
32.01
Negative
Market Momentum
<0.01
Positive
41.38
Neutral
3.76
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:PAH3, the sentiment is Negative. The current price of 27.1 is below the 20-day moving average (MA) of 28.34, below the 50-day MA of 28.25, and below the 200-day MA of 32.01, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 41.38 is Neutral, neither overbought nor oversold. The STOCH value of 3.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:PAH3.
Porsche Automobil Holding Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | €44.32B | 8.67 | 5.43% | 7.82% | -7.07% | -24.21% | |
57 Neutral | €13.88B | -52.23 | -6.46% | 3.81% | -40.61% | -117.79% | |
56 Neutral | €35.96B | 5.62 | 6.61% | 7.72% | -6.21% | 11.84% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €37.35B | 7.01 | 3.18% | 7.36% | -0.79% | -37.21% | |
54 Neutral | €8.46B | -7.33 | 0.26% | 5.57% | 12.91% | ― | |
41 Neutral | €6.98B | -18.95 | -12.76% | 3.76% | 7.15% | 67.32% |
* General Sector Average
DE:PAH3
Porsche Automobil Holding
27.35
-7.09
-20.58%
DE:MBG
Mercedes-Benz Group
45.52
-3.82
-7.73%
DE:BMW
Bayerische Motoren Werke Aktiengesellschaft
58.34
-26.11
-30.92%
DE:SHA0
Schaeffler
7.40
2.56
52.99%
DE:VOW3
Volkswagen
73.22
-19.47
-21.01%
DE:CON
Continental Aktiengesellschaft
69.20
15.25
28.27%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.