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Porsche Automobil Holding SE
XMUN:PAH3

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Porsche Automobil Holding SE
XMUN:PAH3
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Price: 30.27 EUR -3.2% Market Closed
Market Cap: €4.6B

EV/IC

0.3
Current
1%
Cheaper
vs 3-y average of 0.3

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.3
=
Enterprise Value
€14.5B
/
Invested Capital
€43.1B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.3
=
Enterprise Value
€14.5B
/
Invested Capital
€43.1B

Valuation Scenarios

Porsche Automobil Holding SE is trading below its 3-year average

If EV/IC returns to its 3-Year Average (0.3), the stock would be worth €30.55 (1% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+189%
Average Upside
55%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 0.3 €30.27
0%
3-Year Average 0.3 €30.55
+1%
5-Year Average 0.4 €32.92
+9%
Industry Average 0.4 €36.3
+20%
Country Average 1 €87.52
+189%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
DE
Porsche Automobil Holding SE
XMUN:PAH3
9.5B EUR 0.3 3.6
US
Tesla Inc
NASDAQ:TSLA
1.4T USD 16.6 371.1
JP
Toyota Motor Corp
TSE:7203
39.4T JPY 0.6 10.7
CN
BYD Co Ltd
SZSE:002594
961B CNY 1.9 29.3
KR
Hyundai Motor Co
KRX:005380
146T KRW 0.8 15.5
DE
Mercedes Benz Group AG
MIL:MBG
75.3B EUR 0.5 4.9
DE
Daimler AG
XETRA:DAI
67.5B EUR 0.5 3.7
US
General Motors Co
NYSE:GM
69.5B USD 0.6 21.9
IT
Ferrari NV
MIL:RACE
56.3B EUR 7.8 35.5
DE
Mercedes-Benz Group AG
XETRA:MBG
47.5B EUR 0.4 9.2
DE
Bayerische Motoren Werke AG
XETRA:BMW
47.3B EUR 0.4 6.5

Market Distribution

Lower than 95% of companies in Germany
Percentile
5th
Based on 2 708 companies
5th percentile
0.2
Low
0 — 0.6
Typical Range
0.6 — 1.6
High
1.6 —
Distribution Statistics
Germany
Min 0
30th Percentile 0.6
Median 1
70th Percentile 1.6
Max 298.9

Porsche Automobil Holding SE
Glance View

Porsche Automobil Holding SE, often shorthanded as Porsche SE, occupies a unique position in the global automotive landscape, not just as a manufacturer but as a strategically positioned investment heavyweight. Contrary to the common assumption that it primarily manufactures luxury sports cars, Porsche SE is actually the majority shareholder of Volkswagen Group. This ownership stake provides Porsche SE with significant sway over one of the world's largest automotive conglomerates, which includes well-known brands like Audi, Volkswagen, Bentley, Lamborghini, and Ducati. The majority of its revenue is derived from dividends received from this vast array of brands, with its financial performance closely tied to the health of Volkswagen Group. Underpinning this financial strategy is an approach deeply rooted in robust governance and forward-thinking investment. Porsche SE is governed by its founding family, the Porsches and the Piëchs, who not only steer the company toward ensuring Volkswagen Group's success but also seek out new investment opportunities in areas aligned with future mobility trends. This includes interests in sectors such as electric vehicles, autonomous driving technologies, and other innovations set to revolutionize transportation. By maintaining a dual focus on securing solid returns from its Volkswagen Group shares and leveraging insights into transformative automotive technologies, Porsche SE exemplifies a business model that balances traditional industry moorings with an eye towards future growth.

PAH3 Intrinsic Value
80.14 EUR
Undervaluation 62%
Intrinsic Value
Price €30.27
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