Porsche 26 of April 2024 reported its revenues and earnings. Will help us these reports consider whether
P911
is worth at this price ?
Let´s have a brief look.
1. earnings positively surprised us, 3.94% exceeded its expectations. ✔️
2. revenue´s stayed behind expectations by 3.96% ❌
3. hikes dividend amount to 2.31 per share ✔️
4. launching four new models in 2024 (Macan, Panamera, Taycan, 911) ✔️
5. expects an operating return on sales of between 15 - 17%, down from 18% noticed in previous two years ❌
6. future - they focus on sustainable success of company ✔️
7. expectations to 2025 - strong recovery in China and full range of models which will kick their financials off ✔️
Revenue by countries:
- North America 29.53%
- China 23.56%
- Europe 21.66%
- Germany 12.03%
- Rest of the World 14.26%
Balanced distribution throughout the world puts this company on solid footing. China is still behind expectations due to decrease in demand and EV price war. China could be an ace up in its sleeve in the coming years.
Mixed financial reports could mislead us a bit. However Porsche still has a strong vision, sustainable business model and positive fundamental background.
Stock´s sold at 3.34 times by its book value. Obviously there´s a premium priced in we have to reckon with. Premium car segment needs premium price of stocks.
Let´s recap.
Is it worth it at this price ?
In my point of view, stock´s around the IPO price. The range between 82.5 - 84.0 seems to be very pleasant to place buy-orders. Definitely from a long-term point of view.
Consider your best price to entry and make your own call.
P911
is worth at this price ? Let´s have a brief look.
1. earnings positively surprised us, 3.94% exceeded its expectations. ✔️
2. revenue´s stayed behind expectations by 3.96% ❌
3. hikes dividend amount to 2.31 per share ✔️
4. launching four new models in 2024 (Macan, Panamera, Taycan, 911) ✔️
5. expects an operating return on sales of between 15 - 17%, down from 18% noticed in previous two years ❌
6. future - they focus on sustainable success of company ✔️
7. expectations to 2025 - strong recovery in China and full range of models which will kick their financials off ✔️
Revenue by countries:
- North America 29.53%
- China 23.56%
- Europe 21.66%
- Germany 12.03%
- Rest of the World 14.26%
Balanced distribution throughout the world puts this company on solid footing. China is still behind expectations due to decrease in demand and EV price war. China could be an ace up in its sleeve in the coming years.
Mixed financial reports could mislead us a bit. However Porsche still has a strong vision, sustainable business model and positive fundamental background.
Stock´s sold at 3.34 times by its book value. Obviously there´s a premium priced in we have to reckon with. Premium car segment needs premium price of stocks.
Let´s recap.
Is it worth it at this price ?
In my point of view, stock´s around the IPO price. The range between 82.5 - 84.0 seems to be very pleasant to place buy-orders. Definitely from a long-term point of view.
Consider your best price to entry and make your own call.