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Stock report: Stellantis ( $STLA.US (Stellantis NV) ) is a multinational automotive manufacturing company formed from the merger in 2021 of the Italian–American conglomerate Fiat Chrysler Automobiles and the French PSA Group. The company headquarters are located in Hoofddorp, Netherlands. As of 2023, Stellantis was the world's fourth-largest automaker by sales. In 2023, the company was ranked 61st in the Forbes Global 2000. Stellantis designs, manufactures, and sells automobiles bearing its 14 brands: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram Trucks, and Vauxhall. With P/E ratio of 3.11 and dividend yield of 11.62% this stock caught my eye especially because all of the brands under Stellantis control. Price to book ratio of 0.43 is also a big sign of undervaluation of this company. Earnings per share is 4.4 $ (31% of current share price), number of shares outstanding is stabile at around 3 bil. Big revenue drops are the reason for this stock downfall in last quarter of 2024 revenue has been down 27%. Whole of auto industry is currently in a downward spiral so it is no surprise Stellantis have some problems, however I think this company is too big to fail so there is no big risk in giving few percent of my portfolio to this company and potential reward could be satisfactorily. There is quoterly earnings report on 26 of February and I will be watching resaults to adjust my decision.
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