Financials Porsche AG

Equities

Market Closed - Xetra Other stock markets 16:39:17 09/12/2024 GMT			After market 17:44:13
61.10 ^EUR	+2.90%		60.76	-0.56%

01:12pm	PORSCHE AG : Deutsche Bank keeps its Buy rating	ZD
12-06	PORSCHE AG : Gets a Neutral rating from Bernstein	ZD

Fiscal Period: Dezember	2021	2022	2023	2024	2025	2026
Net sales ¹	33,138	37,630	40,530	39,082	40,927	42,905
Change	-	13.56%	7.71%	-3.57%	4.72%	4.83%
EBITDA ¹	-	9,959	10,812	9,156	9,957	10,616
Change	-	-	8.57%	-15.32%	8.76%	6.62%
EBIT ¹	-	6,770	7,284	5,560	6,496	7,222
Change	-	-	7.59%	-23.67%	16.83%	11.17%
Interest Paid ¹	-	347	91	-181	-176.7	-127
Earnings before Tax (EBT) ¹	-	7,069	7,375	5,685	6,708	7,536
Change	-	-	4.33%	-22.92%	18%	12.34%
Net income ¹	4,032	4,957	5,157	3,949	4,621	5,171
Change	-	22.94%	4.03%	-23.42%	17%	11.92%
Announcement Date	19/09/22	13/03/23	12/03/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: Diciembre	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	8,819	10,889	10,097	10,334	9,701	10,398	9,011	10,446	9,107	10,351
Change	-	23.47%	-7.27%	2.35%	-6.13%	7.18%	-13.34%	15.92%	-12.82%	13.66%
EBITDA ¹	-	2,658	2,560	2,862	2,542	2,848	2,211	2,690	2,044	2,255
Change	-	-	-3.69%	11.8%	-11.18%	12.04%	-22.37%	21.66%	-24.01%	10.31%
EBIT ¹	1,568	1,722	1,840	2,012	1,649	1,783	1,282	1,779	974	1,450
Change	-	9.82%	6.85%	9.35%	-18.04%	8.13%	-28.1%	38.77%	-45.25%	48.84%
Charge d'intérêts	-	-	146	-16	14	-53	-	-	-	-
Earnings before Tax (EBT)	-	1,764	1,985	1,997	1,663	1,730	1,333	1,762	891	-
Change	-	-	12.53%	0.6%	-16.73%	4.03%	-22.95%	32.18%	-49.43%	-100%
Net income ¹	-	1,266	1,407	1,361	1,173	1,216	927	1,226	612	1,082
Change	-	-	11.14%	-3.27%	-13.81%	3.67%	-23.77%	32.25%	-50.08%	76.79%
Announcement Date	10/11/22	13/03/23	03/05/23	26/07/23	25/10/23	12/03/24	26/04/24	24/07/24	25/10/24	-

¹EUR in Million

Estimates

Fiscal Period: Diciembre	2023 S1	2024 S1	2024 S2
Net sales ¹	20,431	19,457	18,679
Change	-	-4.77%	-4%
EBITDA ¹	-	4,901	3,632
Change	-	-	-25.89%
EBIT ¹	3,852	3,061	2,287
Change	-	-20.53%	-25.29%
Charge d'intérêts	-	-	-
Earnings before Tax (EBT)	3,982	3,095	-
Change	-	-22.28%	-100%
Net income	2,768	2,153	-
Change	-	-22.22%	-100%
Announcement Date	26/07/23	24/07/24	-

¹EUR in Million

Estimates

Fiscal Period: Diciembre	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	5,761	4,597	3,805	2,276	3,351
Change	-	-	-20.2%	-17.23%	-40.18%	47.23%
Announcement Date	19/09/22	13/03/23	12/03/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: Diciembre	2022	2023	2024	2025	2026
CAPEX ¹	3,661	4,097	4,029	3,918	3,932
Change	-	11.91%	-1.65%	-2.77%	0.37%
Free Cash Flow (FCF) ¹	508	5,820	2,638	3,867	4,338
Change	-	1,045.67%	-54.67%	46.57%	12.2%
Announcement Date	13/03/23	12/03/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: Diciembre	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	26.47%	26.68%	23.43%	24.33%	24.74%
EBIT Margin (%)	-	17.99%	17.97%	14.23%	15.87%	16.83%
EBT Margin (%)	-	18.79%	18.2%	14.55%	16.39%	17.57%
Net margin (%)	12.17%	13.17%	12.72%	10.1%	11.29%	12.05%
FCF margin (%)	-	1.35%	14.36%	6.75%	9.45%	10.11%
FCF / Net Income (%)	-	10.25%	112.86%	66.8%	83.68%	83.89%
Profitability
ROA	-	10.01%	10.51%	8.13%	8.68%	9.26%
ROE	-	24.82%	26.66%	17.43%	18.1%	18.11%
Financial Health
Leverage (Debt/EBITDA)	-	0.58x	0.43x	0.42x	0.23x	0.32x
Debt / Free cash flow	-	11.34x	0.79x	1.44x	0.59x	0.77x
Capital Intensity
CAPEX / Current Assets (%)	-	9.73%	10.11%	10.31%	9.57%	9.16%
CAPEX / EBITDA (%)	-	36.76%	37.89%	44.01%	39.34%	37.04%
CAPEX / FCF (%)	-	720.67%	70.4%	152.74%	101.32%	90.64%
Items per share
Cash flow per share ¹	-	7.807	7.708	8.278	8.025	8.101
Change	-	-	-1.27%	7.4%	-3.05%	0.94%
Dividend per Share ¹	-	1	2.31	2.075	2.376	2.748
Change	-	-	131%	-10.16%	14.51%	15.63%
Book Value Per Share ¹	-	37.36	47.57	25.81	28.8	31.82
Change	-	-	27.31%	-45.75%	11.6%	10.48%
EPS ¹	-	5.44	5.67	4.344	5.049	5.63
Change	-	-	4.23%	-23.38%	16.21%	11.51%
Nbr of stocks (in thousands)	-	911,000	911,000	911,000	911,000	911,000
Announcement Date	-	13/03/23	12/03/24	-	-	-