Added to YB: 2026-01-19
Pitch date: 2026-01-15
P911.DE [neutral]
Dr. Ing. h.c. F. Porsche AG
-0.92%
current return
Author Info
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Company Info
Dr. Ing. h.c. F. Porsche AG engages in automotive and financial services business in Germany, rest of Europe, North America, China, and internationally.
Market Cap
EUR 39.7B
Pitch Price
EUR 4.89
Price Target
N/A
Dividend
5.30%
EV/EBITDA
8.96
P/E
N/A
EV/Sales
1.14
Sector
Automobiles
Category
turnaround
Porsche (P911 Germany): recalibrating expectations as restructuring meets a slower EV reality
P911.DE (update): Navigating complex transition as EV shift slower than planned. 718 phase-out + Macan ICE wind-down create volume gaps; China structural drag w/ falling unit sales. US pricing power + richer 911 mix provide partial offset. Margins improve vs 2025 as one-offs roll off but underlying earnings pressured by lower volumes, FX, tariffs, battery investments. FCF positive but constrained. Brand strong but industrial reset costly - uncomfortable middle ground between premium positioning & transition reality.
Read full article (2 min)