- Porsche AG anticipates its 2024 operating return on sales (ROS) to be between 15% and 17%, with an estimate of 17.4%.
- The company’s expected 2024 revenue ranges from EU40 billion to EU42 billion, with an estimated EU40.91 billion.
- In 2023, Porsche AG achieved an operating profit of EU7.28 billion, marking a 7.6% increase from the previous year and surpassing the estimated EU7.19 billion.
- The automotive net cash flow for 2023 was EU3.97 billion, a 2.8% year-on-year increase and higher than the estimated EU3.74 billion.
- Revenue for 2023 was EU40.53 billion, a 7.7% year-on-year increase and above the estimated EU40.32 billion.
- The operating return on sales for 2023 remained steady at 18% from the previous year, slightly above the estimated 17.8%.
- The dividend per preferred share for 2023 was EU2.31, slightly below the estimated EU2.38.
- According to CFO Lutz Meschke, the company aims to maintain an operating return on sales of 17% to 19% in the medium term and more than 20% in the long run.
- Porsche plans to distribute 50% of the Group’s net income after tax to shareholders in the medium term.
A look at Dr Ing hc F Porsche Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Dr. Ing hc F Porsche, a leading manufacturer of luxury vehicles, has received a promising outlook for its long-term performance according to the Smartkarma Smart Scores. With a score of 4 for growth and 3 for both resilience and momentum, the company is expected to continue its upward trajectory in the future.
The company’s strong growth score reflects its potential for expanding its market share and increasing its revenue. Its solid resilience and momentum scores suggest that it is well-equipped to weather any potential challenges and maintain its positive momentum. While its value and dividend scores are not as high, they still indicate a stable and reliable company.
Overall, Dr. Ing hc F Porsche is in a strong position to continue delivering high-quality, innovative vehicles to its customers worldwide and maintain its position as a leader in the automotive industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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