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Porsche Automobil Holding SEXTRA:PAH3 Stock Report

Market Cap €10.6b
Share Price
€34.46
My Fair Value
€40
13.8% undervalued intrinsic discount
1Y-9.9%
7D-0.6%
Portfolio Value
​
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Porsche Automobil Holding SE

XTRA:PAH3 Stock Report

Market Cap: €10.6b

Porsche Automobil Holding (PAH3) Stock Overview

Through its subsidiaries, operates as an automobile manufacturer worldwide. More details

PAH3 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends3/6

Rewards

Trading at 65.2% below our estimate of its fair value

Earnings are forecast to grow 76.23% per year

Risk Analysis

Makes less than USD$1m in revenue (€0)

Dividend of 5.54% is not well covered by earnings


PAH3 Community Fair Values

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Porsche Automobil Holding

Is Porsche Automobil Holding set to surpass analyst targets with fair value at €40

Based on my research, here's a brief fundamental analysis and DCF valuation of Porsche Automobil Holding SE (PAH3): Fundamental Analysis Business Model: Porsche SE is a holding company that owns 52.2% of Volkswagen AG (including 12 brands: Audi, Bentley, Bugatti, Ducati, Lamborghini, MAN, Porsche, Scania, SEAT, ŠKODA, Volkswagen Commercial Vehicles and Volkswagen Passenger Cars) and has investments in mobility and industrial technology 2024 Financial Performance: Profit after tax: €2.51 billion (9M 2024), down 34% YoY from €3.8 billion 2024 full-year profit forecast: €2.4-4.4 billion range Net debt projected: €5.0-5.5 billion by year-end 2024 2024 dividend: €1.910 per preferred share, €1.904 per ordinary share Key Challenges: Expected significant non-cash impairment losses on VW and Porsche AG investments for 2024, making group result after tax significantly negative Trading at 29.8% discount to NAV Heavy reliance on dividends from VW and Porsche AG for debt servicing DCF Valuation Current Market Data: Current stock price: €36.77 (as of April 28, 2025) Analyst average price target: €45.78 (range: €35-78) DCF Analysis: PAH3's DCF value cannot be reliably calculated due to the holding company structure and irregular cash flow patterns. However, alternative valuation approaches suggest: Intrinsic value estimate: $6.849 USD (€6.40 approx.) - shows 26% undervaluation based on multiples-only approach Analyst consensus implies 31.74% upside potential to €45.78 Investment Thesis: Strengths: Exposure to leading automotive brands, solid dividend history, trading at discount to NAV Risks: High leverage (€5.3B net debt), impairment charges, dependence on underlying holdings' performance Conclusion: PAH3 appears undervalued at current levels, but traditional DCF valuation is challenging due to its holding company structure.
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€40
FV
13.9% undervalued intrinsic discount
0%
Revenue growth p.a.
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Porsche Automobil Holding SE Competitors

Price History & Performance

Summary of share price highs, lows and changes for Porsche Automobil Holding
Historical stock prices
Current Share Price€34.46
52 Week High€40.37
52 Week Low€30.46
Beta1.09
1 Month Change2.13%
3 Month Change-0.61%
1 Year Change-9.86%
3 Year Change-39.76%
5 Year Change-31.07%
Change since IPO1,196.43%

Recent News & Updates

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Is Porsche Automobil Holding set to surpass analyst targets with fair value at €40

Profit after tax: €2.51 billion (9M 2024), down 34% YoY from €3.8 billion

Recent updates

User avatar

Is Porsche Automobil Holding set to surpass analyst targets with fair value at €40

Profit after tax: €2.51 billion (9M 2024), down 34% YoY from €3.8 billion

Shareholder Returns

PAH3DE AutoDE Market
7D-0.6%0.2%-1.4%
1Y-9.9%-6.2%12.6%

Return vs Industry: PAH3 underperformed the German Auto industry which returned -5% over the past year.

Return vs Market: PAH3 underperformed the German Market which returned 14.2% over the past year.

Price Volatility

Is PAH3's price volatile compared to industry and market?
PAH3 volatility
PAH3 Average Weekly Movement3.3%
Auto Industry Average Movement3.5%
Market Average Movement5.0%
10% most volatile stocks in DE Market12.2%
10% least volatile stocks in DE Market2.3%

Stable Share Price: PAH3 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: PAH3's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200748Frank-Steffen Walliserwww.porsche-se.com

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. The company operates in two segments, Core Investments and Portfolio Investments. It is involved in investments in the areas of mobility and industrial technology.

Porsche Automobil Holding SE Fundamentals Summary

How do Porsche Automobil Holding's earnings and revenue compare to its market cap?
PAH3 fundamental statistics
Market cap€10.55b
Earnings (TTM)-€21.79b
Revenue (TTM)n/a
0.0x
P/S Ratio
-0.5x
P/E Ratio

Is PAH3 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PAH3 income statement (TTM)
Revenue€0
Cost of Revenue€0
Gross Profit€0
Other Expenses€21.79b
Earnings-€21.79b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Nov 11, 2025

Earnings per share (EPS)-71.15
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio22.2%

How did PAH3 perform over the long term?

See historical performance and comparison

Dividends

5.5%
Current Dividend Yield
-3%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/31 19:41
End of Day Share Price 2025/10/31 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Porsche Automobil Holding SE is covered by 22 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Klaus BreitenbachBanco Santander
Brian JohnsonBarclays
Henning CosmanBarclays