Stellantis Nv Stock Fair Value Calculation – Exane Asset Management Cuts Stellantis NV Position
January 7, 2024
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Exane Asset Management recently announced that they have downgraded their opinion of STELLANTIS NV ($NYSE:STLA), a global automotive corporation formed through the merger of Fiat Chrysler Automobiles and the French company Groupe PSA. This news comes shortly after the completion of the merger. The company produces a wide range of commercial and consumer vehicles, including passenger cars, light commercial vehicles, and heavy-duty trucks. The new company is expected to benefit from the merger and create new synergies across multiple brands such as Jeep, Peugeot, Citroen, Vauxhall, Ford, and Chrysler. Together, these brands are expected to create a formidable presence in the industry and bring new and innovative products to market. With its broad geographic reach, STELLANTIS NV has set its sights on becoming a global leader in the automotive sector.
Exane Asset Management’s decision to downgrade its opinion of Stellantis was based on their assessment of the company’s growth prospects in the near future. Despite the potential for the merger to create synergies across the different brands, Exane Asset Management believe that those benefits may not be realized in the near term. They have also cited potential economic risks to the company’s outlook, such as rising commodity prices and an uncertain global economy. Despite Exane Asset Management’s decision to downgrade their opinion of Stellantis, the company remains confident that the merger will create long term value for shareholders. They are also optimistic about their ability to expand into new areas such as electric vehicles and autonomous driving technology, which are both expected to become increasingly important in the automotive sector.
Stock Price
On Tuesday, STELLANTIS NV stock opened at $23.1 and closed at $23.0, down by 1.2% from previous closing price of 23.3. Exane Asset Management has since cut their position in the company by a significant amount. The decisions reflects the market opinion that STELLANTIS NV is currently undervalued, although they remain optimistic that the company will recover in the near future. They feel that the stock has potential for substantial growth over the long term, and maintain a bullish outlook for the company going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Stellantis Nv. More…
| Total Revenues | Net Income | Net Margin |
| 189.96k | 19.76k | 11.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Stellantis Nv. More…
| Operations | Investing | Financing |
| 23.51k | -11.78k | -7.58k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Stellantis Nv. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 198.57k | 121.51k | 24.62 |
Key Ratios Snapshot
Some of the financial key ratios for Stellantis Nv are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.6% | 196.2% | 12.8% |
| FCF Margin | ROE | ROA |
| 7.6% | 20.4% | 7.6% |
Analysis – Stellantis Nv Stock Fair Value Calculation
At GoodWhale, we have conducted an analysis of STELLANTIS NV‘s wellbeing. Through our proprietary Valuation Line, we have determined that the intrinsic value of STELLANTIS NV shares is approximately $20.3. Currently, STELLANTIS NV stock is trading at $23.0 – a fair price but one which is overvalued by 13.2%. More…
Peers
The competition between Stellantis NV and its competitors is fierce. Ford Motor Co, General Motors Co, and Toyota Motor Corp are all fighting for market share in the automotive industry. Stellantis NV is a new player in the game, but it is quickly making a name for itself. The company has already established itself as a force to be reckoned with in the European market, and it is now looking to make inroads in the United States and China.
– Ford Motor Co ($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
Exane Asset Management recently downgraded its position in Stellantis NV (STLA), a leading European automotive company. Analysts highlighted their concerns over the high costs associated with the recent merger and the potential for further consolidation in the industry. Moving forward, investors should closely monitor Stellantis for any further updates on their merger progress, financial performance, and outlook on the industry.
Given the current market conditions, investors should exercise caution when investing in the company and consider doing further due diligence to ensure they make an informed decision. A potential upside, however, could be potential cost savings due to the consolidation.
