STELLANTIS NV Reports Q2 FY2023 Earnings Results on July 27, 2023

🌥️Earnings Overview

On July 27 2023, STELLANTIS NV ($NYSE:STLA) reported their financial results for the second quarter of the 2023 fiscal year, which ended on June 30 2023. The company had total revenue of EUR 98.4 billion for the quarter, a year-over-year increase of 11.8%, and net income of EUR 10.9 billion, a 37.2% increase from the previous year.

Market Price

On July 27, 2023, STELLANTIS NV reported its Q2 FY2023 earnings results. The stock opened at $19.8 and closed at the same price, up by 3.3% from its last closing price of 19.2. The impressive earnings report was driven by strong performance in the automotive sector as well as increased consumer spending. STELLANTIS NV also announced a share repurchase program of up to $2 billion in stock.

Overall, STELLANTIS NV’s Q2 FY2023 earnings results were strong and the stock closed on Thursday at $19.8, up by 3.3% from its last closing price. Investors were pleased with the earnings results and the company’s outlook for the rest of the year looks positive. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Stellantis Nv. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Stellantis Nv. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Stellantis Nv. More…

Key Ratios Snapshot

Some of the financial key ratios for Stellantis Nv are shown below. More…

Analysis

As GoodWhale, we conducted an analysis of STELLANTIS NV‘s wellbeing. According to our Star Chart, STELLANTIS NV is classified as a ‘gorilla’, meaning that the company has experienced stable and high revenue or earning growth due to its strong competitive advantages. We expect that investors looking for a long-term, stable return on their investment may be interested in this type of company. On the other hand, STELLANTIS NV is strong in terms of asset growth and medium in terms of dividend and profitability. Additionally, our analysis showed that STELLANTIS NV has a high health score of 8/10, considering its cashflows and debt. This means that it is capable to safely ride out any crisis without the risk of bankruptcy. More…

Peers

The competition between Stellantis NV and its competitors is fierce. Ford Motor Co, General Motors Co, and Toyota Motor Corp are all fighting for market share in the automotive industry. Stellantis NV is a new player in the game, but it is quickly making a name for itself. The company has already established itself as a force to be reckoned with in the European market, and it is now looking to make inroads in the United States and China.

– Ford Motor Co ($NYSE:F)

Ford Motor Company is an American multinational automaker that has its main headquarters in Dearborn, Michigan, a suburb of Detroit. The company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand. Ford also owns Brazilian SUV manufacturer Troller, an 8% stake in Aston Martin of the United Kingdom, and a 32% stake in Jiangling Motors of China. It also has joint-ventures in China, Taiwan, Thailand, Turkey, and Russia. The company is listed on the New York Stock Exchange and is controlled by the Ford family; they have minority ownership but the majority of the voting power.

As of 2022, Ford Motor Company has a market capitalization of $47.56 billion and a return on equity of 23.7%. The company has been in operation for over a century and continues to be a leading player in the global automotive industry. Ford’s products are sold in over 200 markets around the world and the company has a strong presence in both developed and emerging markets.

– General Motors Co ($NYSE:GM)

General Motors Co., commonly referred to as GM, is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services.

As of 2020, GM had a market capitalization of $48.95 billion. This is down from $52.6 billion in 2019. GM’s return on equity was 10.52% in 2020. This is down from 11.92% in 2019.

GM’s decline in market capitalization and ROE can be attributed to a variety of factors, including the COVID-19 pandemic. The pandemic caused a decrease in demand for vehicles, which led to a decrease in GM’s sales and revenue. The decrease in sales and revenue caused GM’s stock price to decline, which in turn led to a decrease in market capitalization. The pandemic also caused GM to incur additional costs, which led to a decline in profits and ROE.

– Toyota Motor Corp ($TSE:7203)

Toyota Motor Corp is one of the largest automakers in the world with a market cap of 27.37T as of 2022. It has a Return on Equity of 11.32%. Toyota is known for its quality vehicles and its commitment to innovation. The company is headquartered in Japan and has operations all over the world. Toyota is a leader in the automotive industry and its products are in high demand. The company’s strong financial position and commitment to innovation make it a great investment.

Summary

STELLANTIS NV released its financial report for the second quarter of FY2023, and the results were strong. Total revenue was up 11.8% compared to the previous year, reaching EUR 98.4 billion, and net income saw an impressive 37.2% increase, totaling EUR 10.9 billion. The stock price responded positively to these results, indicating a positive outlook for investors interested in the company. While it is too early to make definitive predictions, the market appears confident in STELLANTIS NV’s growth potential and its ability to deliver positive returns in the future.