Company Valuation: Porsche Automobil Holding SE

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 17,272 25,554 15,692 14,186 11,132 12,572 - -
Change - 47.94% -38.59% -9.6% -21.52% 12.93% - -
Enterprise Value (EV) 1 16,710 24,912 15,271 19,794 16,177 17,786 17,516 17,291
Change - 49.09% -38.7% 29.62% -18.27% 9.95% -1.52% -1.29%
P/E ratio 6.58x 5.6x 3.34x 2.78x -0.56x 4.95x 2.99x 2.56x
PBR 0.48x 0.61x 0.31x 0.26x 0.32x 0.31x 0.29x 0.28x
PEG - 0.1x 1.18x 0.32x 0x -0x 0x 0.2x
Capitalization / Revenue 161x 220x - - - - - -
EV / Revenue 156x 215x - - - - - -
EV / EBITDA -619x -430x 96x 3.66x 4.79x 10.6x 4.19x 3.37x
EV / EBIT 6.45x 5.45x 3.26x 3.66x 4.79x 7.43x 4.08x 3.73x
EV / FCF 21.7x 34x 19.3x 10.6x 11.3x 30.2x 21.6x 10.5x
FCF Yield 4.61% 2.94% 5.18% 9.46% 8.85% 3.31% 4.63% 9.55%
Dividend per Share 2 2.21 2.56 2.56 2.56 1.91 1.775 2.182 2.408
Rate of return 3.92% 3.07% 5% 5.53% 5.25% 4.32% 5.31% 5.87%
EPS 2 8.57 14.9 15.32 16.64 -65.36 8.287 13.73 16.05
Distribution rate 25.8% 17.2% 16.7% 15.4% -2.92% 21.4% 15.9% 15%
Net sales 1 107 116 - - - - - -
EBITDA 1 -27 -58 159 5,413 3,379 1,672 4,181 5,131
EBIT 1 2,592 4,572 4,691 5,412 3,378 2,394 4,290 4,630
Net income 1 2,623 4,566 4,787 5,096 -20,017 2,538 4,207 4,917
Net Debt 1 -563 -641 -421 5,609 5,045 5,215 4,945 4,719
Reference price 2 56.40 83.44 51.24 46.32 36.35 41.05 41.05 41.05
Nbr of stocks (in thousands) 3,06,250 3,06,250 3,06,250 3,06,250 3,06,250 3,06,250 - -
Announcement Date 23/03/21 29/03/22 23/03/23 21/03/24 26/03/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
4.94x - 10.61x4.34% 1.46TCr
11.39x1.36x11.86x3.11% 26TCr
8.68x0.34x3.14x0.76% 7.1TCr
9.01x0.1x0.74x4.02% 6.89TCr
11.79x0.21x2.15x3.81% 6.85TCr
10.58x0.07x0.63x4.05% 6.25TCr
17.73x0.26x4.61x5.03% 5.24TCr
6.96x1.07x11.36x3.71% 4.65TCr
30.09x2.78x19.05x0.75% 4.56TCr
12.31x0.5x8.1x4.79% 3.82TCr
Average 12.35x 0.74x 7.22x 3.44% 7.24TCr
Weighted average by Cap. 12.14x 0.85x 7.73x 3.26%
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Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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