- Porsche SE anticipates a profit after tax ranging from EU3.8 billion to EU5.8 billion in 2024.
- The estimated profit after tax for 2023 was EU5.32 billion, with the actual profit landing at EU5.1 billion.
- For each preferred share, a dividend of EU2.56 has been declared.
- Porsche SE and the investment firm DTCP have initiated a venture fund, primarily focusing on software companies in mobility and connectivity sectors.
- A new joint venture, Incharge Capital Partners, has been established in this regard.
- Porsche SE is contributing €100 million to the fund.
- Porsche SE also plans to invest annually in the low three-digit million range for expanding the portfolio investments segment.
- Additionally, Porsche SE is open to larger investments if attractive opportunities align with its investment strategy.
- By the end of 2024, the group’s net debt is projected to be between €5.0 billion and €5.5 billion.
Porsche Automobil Holding on Smartkarma
In February, the discounts to net asset value (NAV) for covered holdcos, including Porsche Automobil Holding, have mainly widened according to the latest report by Jesus Rodriguez Aguilar, an independent analyst on Smartkarma. The discount for Porsche SE is now at 43.7%, compared to 42% in the previous month. However, the spread of Rio DLC has also widened, possibly making it an attractive investment opportunity for those looking to take a long position in RIO LN and short RIO AU.
On the other hand, Rodriguez Aguilar’s recent report on Porsche Automobile Holding highlights the company’s Q3 performance and its discount to NAV. According to the report, Porsche SE is trading at a significant 41.2% discount to NAV, which could be due to potential legal claims amounting to €6.5 billion. However, recent rulings have been favorable, making it an attractive investment for those looking to gain exposure to Volkswagen and Porsche AG. The report also mentions that the discount is partly due to the company’s focus on debt servicing, and it is currently trading at a forward P/E of 2.6x and a dividend yield of 7.3%. Overall, Porsche SE presents an attractive opportunity for investors seeking discounted and leveraged exposure to these two automotive giants.
A look at Porsche Automobil Holding Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 4.2 |
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
Porsche Automobil Holding SE is a highly promising company with a bright long-term outlook, according to the Smartkarma Smart Scores. The company scores a perfect 5 out of 5 in both value and dividend, indicating strong financial stability and potential for future growth. With a score of 4 out of 5 in both growth and resilience, Porsche is also well-positioned to continue expanding and weather any potential challenges in the market. While its momentum score of 3 out of 5 may be slightly lower, overall, Porsche Automobil Holding SE is poised for success and is a solid investment choice for those looking for a reliable and profitable company in the automotive industry.
Based on the information provided, we can see that Porsche Automobil Holding SE is a global leader in the development, production, and sale of automobiles, as well as offering financial services. As a holding company, Porsche operates through its subsidiaries and has a strong presence in the market. With its impressive Smartkarma Smart Scores, the company is well-positioned for long-term success and is a strong choice for investors looking for a stable and profitable opportunity 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
