Upcoming Dividend • Jun 19
Upcoming dividend of €1.51 per share Eligible shareholders must have bought the stock before 26 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.7%). Live News • May 16
Porsche SE Q1 Profit Drops as Volkswagen Impairment Drives €923 Million Net Loss Porsche SE reported a 21% decline in adjusted profit after tax for Q1 to €382 million, with the stock moving 2% lower after the release.
The group posted a net loss of €923 million for the quarter, mainly due to a €1.3b non-cash impairment on its Volkswagen stake.
Management kept the full-year profit outlook unchanged, while the chair flagged the need to realign business models that support its core investments to address pressure at Volkswagen.
The key message here is that the weak quarter is heavily tied to an accounting impairment on the Volkswagen holding, while Porsche SE is signaling no change to its full-year profit expectations.
For you, the bigger issue to watch is how quickly Volkswagen addresses the pressures that triggered the writedown, since Porsche SE’s results are closely tied to the performance and valuation of that core stake. Announcement • May 14
Porsche Automobil Holding SE announces Annual dividend, payable on June 30, 2026 Porsche Automobil Holding SE announced Annual dividend of EUR 1.5100 per share payable on June 30, 2026, ex-date on June 26, 2026 and record date on June 29, 2026. Announcement • Apr 24
HOF Capital Management, LLC agreed to acquire 45% stake in Bugatti Rimac d.o.o from Porsche Automobil Holding SE (XTRA:PAH3). HOF Capital Management, LLC agreed to acquire 45% stake in Bugatti Rimac d.o.o from Porsche Automobil Holding SE (XTRA:PAH3) on April 24, 2026. Porsche will fully divest its equity stakes in Bugatti Rimac and Rimac Group to the HOF Capital-led consortium. This includes BlueFive Capital as its largest investor, as well as a group of institutional investors across the US and EU. Following completion, Rimac Group is set to take control of Bugatti Rimac and form a strategic partnership with HOF Capital and BlueFive Capital to support its continued growth.
The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is before the end of 2026. Price Target Changed • Mar 27
Price target decreased by 7.3% to €38.00 Down from €41.01, the current price target is an average from 10 analysts. New target price is 23% above last closing price of €30.97. Stock is down 13% over the past year. Announcement • Oct 21
Porsche AG Announces CEO Changes, Effective January 1, 2026 Porsche AG has named Dr. Michael Leiters as its new CEO effective January 1, 2026. Dr. Leiters has served as CEO of McLaren Automotive. He has also earlier served as CTO for Ferrari for more than eight years and at Porsche for over 13 years, most recently with responsibility for the Porsche Macan and Porsche Cayenne series. Dr. Oliver Blume has taken great responsibility in challenging times and successfully managed the company. Announcement • Jun 06
Porsche Ag, Porsche Penske Motorsport and Porsche Cars North America Introduces the 963 Rsp As Porsche prepares for the 24 Hours of Le Mans, a sister to the 963 Hypercar has been revealed - named the 963 RSP. An extreme one-off based on the IMSA championship and WEC championship winning machine, the car closely follows the design direction taken by a very special 917 50 years ago. Fittingly, it made its debut on the streets near the Circuit de la Sarthe alongside the car that inspired its creation. The work of a team from Porsche AG, Porsche Penske Motorsport and Porsche Cars North America in partnership with motorsport legend Roger Penske, whose initials form the name of the car, the 963 RSP was influenced by the trailblazing 917 and an audacious drive that took place half a century ago. In April 1975, a 917 (chassis 30) - the most advanced endurance race car at that time - made an extraordinary journey, not on the track, but on public roads. From the factory in Zuffenhausen, it traveled to Paris - at the wheel was its enigmatic owner, who encouraged on as few changes as possible to the car, which remains in France, and on the road, to this day. With the concept established, the Sonderwunsch team in Zuffenhausen began translating the idea to reality in cooperation with the Sonderwunsch colleagues at Porsche Classic in Atlanta - a standalone facility opened in 2023. Drawing on the changes selected by Count Rossi in 1975, Grant Larson, Director of Special Projects at Style Porsche, and his designers envisioned a 963 that would stay as close as possible to the original car with a silver and black color pallet on the outside, and a tan leather and Alcantara mix for the interior. This extended to the decision to paint the car - as was the case with the 917 - rather than wrapping it, as is the normal with current race cars, and a significant challenge due to the Kevlar®? and carbon fiber body construction. The paint to sample color - 'Martini Silver' - was verified from the records held by the Porsche Museum in Stuttgart-Zuffenhausen, with a triple-layer lacquer applied. Minor components such as hinges and wing connectors are all finished in satin black with a unique 3D printed '963 RSP' created and applied to the rear of the car. To closer align the 963 to the form of the 917, bodywork changes were made to the 963 RSP. These include the creation of unique fender vents - where otherwise the front and rear fender vents would be open. A collaboration between Sonderwunsch and Porsche Penske Motorsport, the vents were digitally rendered first before applied to the car, with the new design allowing air within the wheel wells to escape. Additionally, the carbon fiber blanking plates that sit within the rear wing - a requirement on the race car - were able to be removed for the 963 RSP. added to the nose of the car - replacing the graphic that is applied to all conventional 963s - was an enamel Porsche badge, a detailed shared with the 917. A small detail change was the addition of 1970s-era Michelin logos for the tire walls, and rain-spec 18-inch tires over forged OZ racing wheels. Finally - and in another first - mounting points for front and rear licenseplates were added ahead of the car being driven on public roads to mark the 50th anniversary of the first street drive of the 917. Design process - interior: Possibly the departure from the 963 race car occurs inside the 963 RSP. Following the lead of the handcrafted and completely bespoke interior of the 963 RSP. Upcoming Dividend • May 19
Upcoming dividend of €1.91 per share Eligible shareholders must have bought the stock before 26 May 2025. Payment date: 28 May 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.4%). Lower than average of industry peers (6.2%). Announcement • Apr 16
Porsche Automobil Holding SE, Annual General Meeting, May 23, 2025 Porsche Automobil Holding SE, Annual General Meeting, May 23, 2025, at 10:00 W. Europe Standard Time. Announcement • Mar 27
Porsche Automobil Holding SE announces Annual dividend, payable on May 28, 2025 Porsche Automobil Holding SE announced Annual dividend of EUR 1.9100 per share payable on May 28, 2025, ex-date on May 26, 2025 and record date on May 27, 2025. Price Target Changed • Jan 22
Price target decreased by 10% to €37.27 Down from €41.64, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of €36.91. Stock is down 19% over the past year. The company is forecast to post earnings per share of €3.43 for next year compared to €16.64 last year. Price Target Changed • Jan 14
Price target decreased by 7.6% to €39.82 Down from €43.09, the current price target is an average from 11 analysts. New target price is 11% above last closing price of €35.88. Stock is down 19% over the past year. The company is forecast to post earnings per share of €13.91 for next year compared to €16.64 last year. Price Target Changed • Dec 09
Price target decreased by 7.9% to €43.36 Down from €47.09, the current price target is an average from 11 analysts. New target price is 22% above last closing price of €35.48. Stock is down 25% over the past year. The company is forecast to post earnings per share of €13.38 for next year compared to €16.64 last year. Price Target Changed • Sep 30
Price target decreased by 9.1% to €51.77 Down from €56.95, the current price target is an average from 11 analysts. New target price is 22% above last closing price of €42.29. Stock is down 9.3% over the past year. The company is forecast to post earnings per share of €15.51 for next year compared to €16.64 last year. Major Estimate Revision • Sep 02
Consensus revenue estimates fall by 48% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €50.0k to €20.0k. EPS estimate fell from €16.31 to €16.12 per share. Net income forecast to grow 6.0% next year vs 0.05% growth forecast for Auto industry in Germany. Consensus price target broadly unchanged at €57.63. Share price was steady at €40.67 over the past week. Announcement • Jul 24
Porsche China, Hong Kong and Macao, a Subsidiary of Porsche AG Appoints Alexander Pollich as New President and CEO, Effective September 1,2024 Porsche China, Hong Kong and Macao, a subsidiary of Porsche AG has named Alexander Pollich as its new president and CEO effective September 1,2024. Pollich has more than 23 years of experience with Porsche. He has served in various management positions including as chairman of the Executive Board of Porsche Deutschland GmbH. He has also developed the Porsche business in Canada and the UK, where he was CEO of those markets. Announcement • Jul 11
Porsche Automobil Holding SE Updates Earnings Guidance for the Financial Year 2024 Porsche Automobil Holding SE updated earnings guidance for the financial year 2024. For the period, Company now expects result after tax is now to be expected in a range of EUR 3.5 billion to EUR 5.5 billion. Previously, the forecast for the group result after tax was between EUR 3.8 billion and EUR 5.8 billion. Buy Or Sell Opportunity • Jun 13
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.8% to €45.66. The fair value is estimated to be €58.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Upcoming Dividend • Jun 05
Upcoming dividend of €2.56 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.5%). Lower than average of industry peers (6.2%). Announcement • May 29
Porsche Automobil Holding SE Announces Chief Executive Changes Bentley has named a top executive at Porsche as its new chairman and chief executive. Frank-Steffen Walliser will take on the roles at the Crewe-headquartered manufacturer on July 1. Walliser has been vice president, complete vehicle architecture and characteristics, at Porsche since September 2022, having first joined more than 25 years ago. He will succeed Adrian Hallmark who left Bentley in March ahead of becoming Aston Martin's new chief later this year. Buying Opportunity • Dec 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.7%. The fair value is estimated to be €59.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • Nov 03
Porsche Automobil Holding Se Appoints Sajjad Khan as Executive Board Member for Car-It At Porsche Porsche Automobil Holding SE announced that Sajjad Khan appointed as Executive Board Member for Car-IT at Porsche. Sajjad Khan is joining the Executive Board team of Porsche AG with immediate effect. The 50-year-old willhead the newly created Car-IT unit for the sports car manufacturer. The unit is responsible for the topics of connectivity and infotainment. In addition, the newly formed team will deal with the requirements for, and theintegration of, third-party ecosystems into the vehicle. Sajjad Khan has his office at the Porsche Development Centre in Weissach. In close cooperation with Michael Steiner, Member of the Executive Board for Research and Development, it is from here that he will be helping shape Porsche's digital future. Khan shares offices in Weissach with the Member of the Executive Board for Research and Development, Michael Steiner. This sends a clear signal to his own team. "The enormous changes in the automotive industry present with major challenges. It is important for the Car-IT and Research & Development departments to work together closely to shape the future of Porsche," says Michael Steiner, underscoring the importance of the new department. Sajjad Khan worked at Mercedes-Benz until August 2021 - most recently as Chief Technology Officer and member of the board of the Mercedes-Benz Cars division. He is the eighth member of the Executive Board of Porsche AG and will also lead Porsche's R&D satellite in China in future. He is also Chairman of the shareholder committee of Porsche Digital and a member of the shareholder committee of Porsche Engineering. Announcement • Aug 30
Porsche Automobil Holding SE Appoints Karsten Hoeldtke as New Head of Investor Relations Karsten Hoeldtke (49) took over as head of Investor Relations at Porsche Automobil Holding SE (Porsche SE), Stuttgart, on 1 August 2023. In his new capacity, he reports to Dr. Johannes Lattwein, member of the board of management responsible for finance and IT. Karsten Hoeldtke most recently held a management position in the finance department of Mercedes-Benz Group AG, where he was responsible for the group's cash flow management from 2020. After international assignments in group controlling at Mitsubishi Fuso Truck and Bus Corporation from 2005 to 2010 in Tokyo, Japan, and as CFO at Mercedes-Benz Thailand from 2012 to 2016 in Bangkok, he was chief of staff to the Board Member Finance & Controlling at Daimler AG from 2016 to 2020. Karsten Hoeldtke succeeds Frank Gaube (62), who headed the Investor Relations department from 2006 and who will focus on other topics in the future. Hans Dieter Pötsch, chairman of the board of management of Porsche SE, thanks Frank Gaube for his highly successful work and his exceptional commitment to the company. At the same time, he wishes Karsten Hoeldtke every success in his new position. Announcement • Jul 14
Porsche Announces Manthey Kit for the 718 Cayman GT4 RS Porsche announced a Manthey Kit for the 718 Cayman GT4 RS that is specially optimized for use on race tracks. The 493 hp GT4 RS with the Manthey Kit completed a lap at the Nürburgring Nordschleife in 7:03.121 minutes. This makes it over six seconds quicker than the 718 Cayman GT4 RS without the upgrade kit. The modifications focus on aerodynamics and chassis components. Brake pads designed for the track are available as an option. The new kit was developed especially for track days and in close collaboration between engineers at Porsche Motorsport and the Nordschleife specialists at Manthey. The Manthey Kit for the 718 Cayman GT4 RS is recognizable by the comprehensive changes to the additional functional aero parts. At the front of the car, flaps and new air curtains with a wheel arch Gurney flap and a new carbon underbody with diffusers improve the downforce on the front end. The kit includes a new rear wing that is approximately 3.4 inches wider than the part it replaces and features larger side blades that contribute to an increase in downforce at the rear axle. The wing also now has four positions as compared to the three stages of the standard setup. To be able to withstand the higher aerodynamic forces, the bodywork of the rear engine cover is reinforced with a carbon-weave finish. The aerodiscs on the rear wheels are also made of carbon fiber reinforced plastic. These reduce the turbulence around the rear of the car and visually round off the aerodynamic package. They can be customized with an optionally available decorative film. At approximately 124 mph, when the rear wing is set to the Performance position intended for track use, total downforce increases from 196 to 372 lbs. Together with Manthey, Porsche has developed a special coilover suspension with an inverted set-up for the 718 Cayman GT4 RS that can be adapted for the track. The spring struts can be adjusted to four different positions, and the rebound and compression stages can also be adjusted without the need for tools. The spring rates on the front suspension have been increased by 20 percent. The chassis is available in two versions – for cars with and without a front axle lift system on the front axle. Steel brake lines are also a standard component of the kit. This guarantees an exact pressure point, ensuring optimal braking power delivery. Special racing brake pads with particularly constant friction behavior over a wide temperature range are optionally available. Illuminated door sill guards with the Manthey logo are available to personalize the car visually. Towing loops are also optionally available, designed especially for the track. The kit can optionally be extended with a specially designed CFRP rear spoiler attachment. The part is attached to the standard rear spoiler. In combination with the bigger rear wing, this further increases downforce on the rear axle by around four percent. The car’s performance is visually underlined by optional CFRP wheel arch vents on the front fenders that match the look of the Weissach package. The 718 Cayman GT4 RS with the Manthey Kit is able to demonstrate its full potential on the Nürburgring Nordschleife, the traditional benchmark for sports cars at Porsche. With Porsche brand ambassador Jörg Bergmeister at the wheel, the modified GT sports car completed the 12.9 miles course in the Eifel at 18 degrees Celsius under an overcast sky in 7:03.121 minutes – over six seconds faster than the series-production 718 Cayman GT4 RS did the previous year. Both cars were equipped with the optional Michelin Pilot Sport Cup 2 R tires. The lap time was certified by a notary on site. Upcoming Dividend • Jun 26
Upcoming dividend of €2.56 per share at 4.7% yield Eligible shareholders must have bought the stock before 03 July 2023. Payment date: 05 July 2023. Payout ratio is a comfortable 17% but the company is paying out more than the cash it is generating. Trailing yield: 4.7%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.3%). Price Target Changed • Mar 27
Price target decreased by 7.4% to €80.83 Down from €87.25, the current price target is an average from 12 analysts. New target price is 55% above last closing price of €52.08. Stock is down 38% over the past year. The company is forecast to post earnings per share of €16.41 for next year compared to €15.32 last year. Buying Opportunity • Sep 29
Now 11% undervalued after recent price drop Over the last 90 days, the stock is down 3.9%. The fair value is estimated to be €68.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 76% over the last 3 years. Earnings per share has grown by 14%. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €60.48, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Auto industry in Germany. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €68.23 per share. Upcoming Dividend • May 09
Upcoming dividend of €2.56 per share Eligible shareholders must have bought the stock before 16 May 2022. Payment date: 18 May 2022. Payout ratio is a comfortable 17% and the cash payout ratio is 95%. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (6.3%). Reported Earnings • Apr 01
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: €14.90 (up from €8.59 in FY 2020). Revenue: €4.64b (up 72% from FY 2020). Net income: €4.56b (up 74% from FY 2020). Profit margin: 98% (up from 97% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.2%. Over the next year, revenue is expected to shrink by 97% compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €73.30, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Auto industry in Germany. Total returns to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €76.99 per share. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 15% share price gain to €86.54, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Auto industry in Germany. Total returns to shareholders of 72% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €58.13 per share. Upcoming Dividend • Jul 19
Upcoming dividend of €2.21 per share Eligible shareholders must have bought the stock before 26 July 2021. Payment date: 28 July 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (2.2%). Reported Earnings • May 21
First quarter 2021 earnings released: EPS €3.25 First quarter 2021 results: Revenue: €24.0m (down 7.7% from 1Q 2020). Net income: €995.0m (up €896.0m from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Price Target Changed • Apr 30
Price target increased to €109 Up from €99.98, the current price target is an average from 10 analysts. New target price is 25% above last closing price of €87.08. Stock is up 89% over the past year. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS €8.57 (vs €14.39 in FY 2019) Full year 2020 results: Revenue: €107.0m (down 8.5% from FY 2019). Net income: €2.62b (down 41% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 20% share price gain to €94.04, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Auto industry in Europe. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €72.35 per share. Major Estimate Revision • Mar 20
Consensus EPS estimates fall to €8.38 The consensus outlook for earnings per share (EPS) in 2020 has deteriorated. 2020 revenue forecast decreased from €114.0m to €112.7m. EPS estimate also fell from €10.69 to €8.38. Net income forecast to grow 157% next year vs 79% growth forecast for Auto industry in Germany. Consensus price target up from €76.93 to €83.36. Share price rose 12% to €86.34 over the past week. Price Target Changed • Mar 17
Price target increased to €79.10 Up from €73.60, the current price target is an average from 9 analysts. New target price is 5.8% below last closing price of €83.96. Stock is up 177% over the past year. Price Target Changed • Mar 11
Price target raised to €76.93 Up from €71.60, the current price target is an average from 9 analysts. The new target price is close to the current share price of €76.52. As of last close, the stock is up 89% over the past year. Major Estimate Revision • Mar 11
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from €8.49 to €10.69. No change was made to the revenue estimate which at the last update was €114.0m. Net income is expected to grow by 163% next year compared to 71% growth forecast for the Auto industry in Germany. The consensus price target of €76.93 was unchanged from the last update. Share price is up 3.2% to €76.52 over the past week. Is New 90 Day High Low • Feb 26
New 90-day high: €66.38 The company is up 21% from its price of €55.00 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €73.49 per share. Is New 90 Day High Low • Feb 06
New 90-day high: €60.92 The company is up 22% from its price of €49.99 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €71.90 per share. Is New 90 Day High Low • Jan 20
New 90-day high: €58.98 The company is up 18% from its price of €50.04 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €35.30 per share. Major Estimate Revision • Dec 10
Analysts update estimates The 2020 consensus earning per share (EPS) estimate was lowered from €10.34 to €8.83. No change was made to the revenue estimate which at the last update was €112.3m. Net income is expected to grow by 149% next year compared to 69% growth forecast for the Auto industry in Germany. The consensus price target was lowered from €69.02 to €68.86. Share price stayed mostly flat at €55.12 over the past week. Major Estimate Revision • Nov 27
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from €9.14 to €10.34. No change was made to the revenue estimate which at the last update was €112.6m. Net income is expected to grow by 146% next year compared to 69% growth forecast for the Auto industry in Germany. The consensus price target increased from €67.52 to €69.02. Share price is down by 2.4% to €55.00 over the past week. Major Estimate Revision • Nov 25
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from €9.18 to €10.36. No change was made to the revenue estimate which at the last update was €112.6m. Net income is expected to grow by 151% next year compared to 69% growth forecast for the Auto industry in Germany. The consensus price target increased from €66.93 to €69.10. Share price stayed mostly flat at €57.40 over the past week. Is New 90 Day High Low • Nov 13
New 90-day high: €54.84 The company is up 5.0% from its price of €52.20 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.59 per share. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS €2.50 Third quarter 2020 results: Revenue: €25.0m (down 23% from 3Q 2019). Net income: €766.0m (down 24% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year. Is New 90 Day High Low • Oct 28
New 90-day low: €47.57 The company is down 9.0% from its price of €52.34 on 29 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €63.19 per share. Price Target Changed • Oct 15
Price target raised to €66.10 Up from €61.34, the current price target is an average from 8 analysts. The new target price is 36% above the current share price of €48.57. As of last close, the stock is down 26% over the past year. Major Estimate Revision • Oct 03
Analysts lower EPS estimates to €9.18 The 2020 consensus revenue estimate was lowered from €113.9m to €111.0m. Earning per share (EPS) estimate was also lowered from €10.24 to €9.18 for the same period. Net income is expected to grow by 64% next year compared to 21% growth forecast for the Auto industry in Germany. The consensus price target increased from €61.34 to €64.40. Share price is up 2.6% to €50.18 over the past week. Upcoming Dividend • Sep 28
Upcoming Dividend of €2.21 Per Share Will be paid on the 7th of October to those who are registered shareholders by the 5th of October. The trailing yield of 6.4% is in the top quartile of German dividend payers (3.7%), and it is higher than industry peers (4.1%). 
