STELLANTIS PEUGEOT

In accordance with the agreements signed as part of the merger with FCA, Peugeot 1810 acquired 2.0 % of the PSA capital in 2020 during the outcome of an Equity Swap operation.

Stellantis (Peugeot, Citroën) continues on its momentum, should we take the train on ?

Stellantis has taken out of the game vis-à-vis the CAC 40 lately, including yesterday following the publication of semi-annual explosive accounts. The car giant still has potential on the stock market ?

By Nicolas Gallant Journalist Economy, Finance, Bourse
Posted on 07/27/2023 at 7:00 am

Stellantis caused a sensation. Once again, the Franco-Italian-American giant of the Auto has just signed record results, under the first half, in a context however in halftone for the sector, renowned cyclical and sensitive to the whims of the conjuncture economic. The profits flew by 37%, to almost 11 billion euros (a better amount than expected by financial analysts, delighted), thanks in particular to the strategy of sales price increases of the group. The operating margin (which exceeds 14%) also came out at an enviable level, Stellantis holding the dating high to its competitors.

Stellantis has confirmed its financial objectives for the current year and said it continued to take stock of action, at a rate of almost 0.8 billion euros per semester, which offers mechanical support during the stock market price. And beyond the year 2023, the manufacturer considers himself well placed to continue a solid dynamic despite a halftone context. And he secured his supplies of raw materials for the next 4 years.

Stellantis loses market share but wants to reverse steam

Only shadow on the board, in a commercial environment deemed “difficult”, Stellantis has lost ground for the benefit of competitors, its market shares having reflected in the United States (-1.3 %) and in Europe (-2.2 % ), underlines Etoro. However, this trend could be reversed in the coming months thanks to the launch of new models. Stellantis knows how to attract motorists with “many different models”, “in all the most requested price and ranges of price”, argues the broker. And while the boom in the electric car cannot be denied, the manufacturer managed by Carlos Tavares is rather well placed on this segment.

Stellantis still has potential on the stock market

Momentum readers, the capital’s investment letter on the scholarship, have largely been able to take advantage of the good course on the Stellantis action in recent months. And it could still have some appreciation potential. Especially since Stellantis appears cheap on the stock market, since the manufacturer pays less than 3.5 times the profits expected for 2024, for a dividends yield of 8%. Royal Bank of Canada has also maintained its purchasing notice and its price target of 20 euros.

Discover in Momentum our full updated point of view on the action Stellantis and our scenario for the next few months. And find our anticipations every day on the CAC 40 and the actions, our decrypts, the opinions of financial analysts, our technical analyzes, as well as a summary of the elements to remember on the economy and the markets. Each day, directly in your box to the e-mail letter. And right now, thanks to the summer sales, take advantage of a reduction of 30% on the price of an annual subscription. To register, just click on the link below.

STELLANTIS PEUGEOT

Stellantis is a leading world car manufacturer. Its development is based on 14 brands, influence and distinct personalities, as part of coordinated international strategies and a coherent product plan.

Situation on December 31, 2022

The Stellantis group was created on January 16, 2021, following the merger of the PSA group and Fiat Chrysler Automobiles and is a worldwide automotive manufacturer. Stellantis has strong positions in Europe and North America, and benefits from strong technological complementarities and range from the products of the two groups from which it comes. With industrial activities in 30 countries and a commercial presence on more than 130 markets and fort of the 14 brands it develops, Stellantis offers a full range of vehicles, ranging from luxury to consumer vehicles and light utilities, as well as brands specialized in mobility, finance and parts and services.

Participation in Stellantis 7 %
Investment year 1890

The investment of Peugeot 1810

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The Peugeot family is behind the Peugeot automobile group its. Peugeot Invest notably participated in capital increases in 2012 and 2014 and actively participated in negotiations leading to the realization of the merger with FCA.

In accordance with the agreements signed as part of the merger with FCA, Peugeot 1810 acquired 2.0 % of the PSA capital in 2020 during the outcome of an Equity Swap operation.

As of December 31, 2022, Peugeot 1810, a subsidiary owned at 76.5 % by Peugeot Invest and 23.5 % by Peugeot Frères establishments, holds 7.0 % of the capital of Stellantis and 7.0 % of the voting rights.

M. Robert Peugeot is vice-president of the Stellantis board of directors and member of the remuneration committee.

In accordance with the commitments made within the framework of the merger with FCA, the reference shareholders of the PSA and FCA groups (Exor, Peugeot 1810, Bpifrance and Dongfeng Motors) are committed not to give in Stellantis shares for a period of 3 years from the realization of the merger (i.e. until January 16, 2024). In addition, the reference shareholders of PSA and FCA groups also made the commitment not to increase their participation in Stellantis for a period of 7 years from the realization of the merger (i.e. until January 16, 2028). As an exception, Peugeot 1810 will be able to acquire 1.5 % of the capital of Stellantis from Dong Feng Motors or Bpifrance or on the market for any action that Bpifrance would sell to another consideration

The valuation of securities, in the re -evaluated net assets and in the consolidated accounts, is calculated by retaining the scholarship course on December 31, 2022.

In 2022

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Stellantis: a Peugeot -Citroën – Winning Fiat ! The Bourse Council

The Stellantis action has gone on the stock market over the last 5 weeks, which has benefited Momentum subscribers, the capital investment letter. Does she still have potential ?

By Nicolas Gallant Journalist Economy, Finance, Bourse
Posted on 08/03/2023 at 11:00 am

Stellantis has signed a very impressive rally on the stock market since the end of January. And this fleeting of the Franco-Italian-American giant of the car, resulting from the merger between PSA group (Peugeot, Citroën, Opel and DS brands) and Fiat Chrysler (FCA), largely benefited the subscribers in Momentum, the Letter of investment and Newsletter PREMIUM CAPITAL. We had indeed identified an opportunity to purchase on February 1 on the action, just before the long flight – in a straight line – of the stock market course.

Stellantis unveiled last month for 2022 better than expected, with record profit (+26%, to 16.78 billion euros), for an operating margin of 13% (0.5 point to forecasts ), raised for the automotive sector and “more than twice that of Renault (5.6%)”, argues Etoro. RBC greets an “advantageous” exploitation margin vis-à-vis the American competitors Ford and General Motors (GM).

Prices increases, positive exchange effects and synergies between PSA and Fiat Chrysler boosted the profitability of the car manufacturer, undermined by the logistical tensions observed on fleas. Despite difficulties marked in terms of supply and logistics, Stellantis, according to Oddo BHF, confirmed his status as “best student in the class” on the Profitability Front. The CEO Carlos Tavares, who judged that Stellantis was “most likely the reference of the automotive industry”, with a relatively low dead point, continued to prove the quality of its management. Sales of electric vehicles increased by 41%, a rapid rise in power.

Stellantis pays less than 4 times the profits expected for 2023, with a yield of dividends greater than 7%, which remains a priori attractive for an investor in. Optimistic, RBC now has an “outperformance” opinion on the Stellantis action, with a target of 19 euros, which still suggests a potential for assessment on the stock market. Stellantis is currently its favorite action, among the mainstream car manufacturers. According to RBC, the group should bring better return (remuneration, in the form of dividends or shareholding) to the shareholder than its major European competitors.

For its part, Invest Securities, which acknowledges having been excessive caution on action, revised its profits to 2023 and 2024 in very high increases and brought its target of course from 25 to 30 euros on the action.

What does technical analysis say ?

From the point of view of the technical analysis, Stellantis had sent a major bullish signal in February by overflowing the key resistance area of ​​14.90-15.10 euros but now appears somewhat surachered in the short term, according to some gauges. Does action still have a medium-term significant assessment potential ?

Discover in Momentum our complete analysis on Stellantis, as well as our anticipations on the trajectory of many other actions, in the short or medium term. Every morning, receive our investment letter directly in your e-mail mailbox. And at the moment, with the Capital30J promo code, benefit from a month’s trial month. To subscribe, just register by clicking on the link below.