- Porsche SE forecasts adjusted profit after tax to be between €900 million and €2.9 billion, down from the previous estimate of €1.6 billion to €3.6 billion.
- Net debt is expected to remain between €4.9 billion and €5.4 billion.
- A future dividend distribution in 2026 is anticipated to be significantly lower compared to the distribution in the current financial year.
- The Volkswagen Group is set to take a non-cash impairment charge of about €3 billion on the goodwill of the Porsche business segment, affecting its operating result this year.
- A one-off impact of approximately -€2.1 billion on Volkswagen Group’s operating result is anticipated due to reductions in Porsche AG’s annual forecast and project adjustments at Volkswagen Group.
- The total negative impact on Volkswagen Group’s operating result for 2025 will be about €5.1 billion.
- Volkswagen’s net liquidity is now expected to be around €30 billion, down from a previous range of €31 billion to €33 billion.
- Group sales revenue forecasts remain unchanged from the previous year.
- The calculation basis for the 2025 dividend payment, payable in 2026, will exclude the non-cash impairment charge on Porsche AG’s goodwill.
- Porsche AG is adjusting its medium-term ambition for Group return on sales from an initial 15%-17% to a revised 10%-15% for 2026 to 2030.
- Porsche SE’s earnings forecast is being adjusted due to its 31.9% equity investment in Volkswagen AG.
- There are currently 3 buy recommendations, 6 hold recommendations, and 4 sell recommendations for the stock.
“`
Porsche Automobil Holding on Smartkarma
Analyst coverage on Smartkarma for Porsche Automobil Holding, specifically from Jesus Rodriguez Aguilar, highlights key insights on the company’s performance. In the report titled “Porsche Automobile Holding: Q1 2025, Discount to NAV,” Aguilar leans towards a bullish sentiment despite noting a 33.4% NAV discount. The analysis points out that this discount is primarily due to legal and structural overhangs affecting the company.
The report discusses how Porsche SE’s recent dividend cuts and limited diversification are impacting its appeal as a dividend pass-through holding structure. While court wins and the current valuation indicate potential for a re-rating, challenges such as the heavy reliance on Volkswagen assets and ongoing legal risks continue to weigh on the company’s valuation. Overall, the analysis by Jesus Rodriguez Aguilar provides valuable insights into the factors influencing Porsche Automobil Holding’s stock performance on Smartkarma.
A look at Porsche Automobil Holding Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
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
Based on the Smartkarma Smart Scores, Porsche Automobil Holding SE seems to have a positive long-term outlook. With a top score of 5 in both Value and Dividend factors, the company is evidently deemed strong in these areas. This indicates that Porsche Automobil Holding is undervalued and has a solid track record of paying dividends to its investors.
However, the company scored lower in Growth with a score of 2, implying potential challenges in this aspect. Despite this, Porsche scored well in Resilience and Momentum, with scores of 4 each, suggesting that the company has the ability to weather economic uncertainties and maintain a positive trend in the market. Overall, Porsche Automobil Holding SE, as a global holding company operating in the automotive industry with a focus on development, production, and sales of automobiles, along with financial services, is positioned favorably for long-term success.
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
