Added to YB: 2024-06-19
Pitch date: 2024-06-18
STLA [bullish]
Stellantis N.V.
-38.64%
current return
Author Info
No bio for this author
Company Info
Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide.
Market Cap
EUR 24.4B
Pitch Price
EUR 19.20
Price Target
33.00 (+180%)
Dividend
8.04%
EV/EBITDA
14.57
P/E
-10.18
EV/Sales
0.24
Sector
Automobiles
Category
value
Stellantis' Investor Day: 3 New Reasons To Be Long
STLA: Despite recent pullback to <$20 (from ~$30), fundamentals remain strong. Key strengths: global scale, little China exposure, leadership in key markets (N. America, S. America, EU), commercial vehicles, gradual successful BEV transition. '3rd engine' growth markets (Africa, M. East, S. America) deliver 23.7% margin. Strong FCF fuels capital returns: targeting 25-30% liquidity/revenue, implying continued buybacks (5%/yr) + 7% div yield. Trades at 3.5x PE vs peers at 5-6x. $33 fair value on 7x multiple. Strong buy.
Read full article (10 min)