One-glance verdict
Undervalued
$13.62 our estimate vs market $3.31
Wall Street consensus: $4.39 (-67.8% lower than our fair-value estimate)
76% below our estimate, below the bear case
Fundamentals snapshot
Porsche Automobil Holding SE
POAHY · PNK · Consumer Cyclical · Auto Manufacturers
Current price
$3.31
52-week range
$3.01 - $4.79
Market cap
$10.34B
Balance sheet
Healthy
8.65x Adequate
Net debt $5.79B. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
3 Risks
3 rewards · 3 risks
- Reward Returns 0.3% on equity, ahead of 20% of its peers.
- Reward Free cash flow was positive in 4/10 years.
- Risk Stock trades 2081.9% above its 5-year average P/E.
- Risk Net debt grew 88.2% over 3 years.
What this company does
Porsche Automobil Holding SE
Porsche Automobil Holding SE is an investment company whose main asset is a majority ownership stake (enough shares to control the company's decisions) in the Volkswagen Group. This means its financial success is directly tied to the sales of Volkswagen's many car and motorcycle brands, including VW, Audi, Porsche, and Ducati. Essentially, buying this stock is a way to invest in the performance of one of the world's largest and most diverse automakers.
How the company got here
Porsche Automobil Holding SE was formed in 2007 as a holding company, which is a company that doesn't make products itself but instead owns other companies. This structure was the result of a complex history between Porsche and Volkswagen, two major German automakers. Ultimately, Porsche Automobil Holding SE became the primary owner of Volkswagen AG. This means that while it carries the Porsche name, its main asset is its large ownership stake in the entire Volkswagen Group.
What it actually does
Porsche Automobil Holding SE is an investment company, not a car maker. Think of it like a container that holds ownership in other businesses, primarily in the mobility and industrial technology sectors. Its most significant holdings are in Volkswagen AG and the sports car maker, Porsche AG. Through its ownership in Volkswagen, it has an interest in a wide range of car brands that people see on the road every day, such as Volkswagen, Audi, Lamborghini, and Bentley.
Core Investments
This is the largest and most important part of the company. It consists of long-term, significant ownership stakes in two major car companies: Volkswagen AG and Porsche AG. The investment in Volkswagen AG is a controlling stake, meaning Porsche SE has significant influence over the entire group of brands Volkswagen owns. The investment in Porsche AG, the famous sports car manufacturer, is also a substantial, long-term holding. The financial performance of these two major automotive groups is the main driver of Porsche Automobil Holding SE's results.
Portfolio Investments
This is a smaller but growing part of the company that focuses on investing in technology companies. These are typically minority shareholdings (owning a smaller, non-controlling piece of a company) in businesses across North America, Europe, and Israel. The focus is on areas related to mobility and industrial technology, aiming to invest in innovative companies that could shape the future of transportation and manufacturing. This segment helps the company diversify, meaning it spreads its investments around so it's not solely dependent on the traditional car market.
What management is betting on now
Management's strategy is to create a more diversified investment platform to be less dependent on the performance of Volkswagen. They are actively investing in technology companies focused on the future of mobility, such as electric vehicle charging solutions and traffic management software. The goal is to identify and support young companies with innovative technologies along the entire automotive value chain (the process from developing a car to selling and servicing it). By doing this, they aim to create long-term value beyond their traditional core holdings in major automakers.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value $13.62 vs current price $3.31
Wall Street consensus is the average analyst price target: $4.39 (-67.8% lower than our fair-value estimate).
Our most-likely fair value is $13.62 a share — about 311.5% above today's price of $3.31, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Healthy
Net debt $5.8B. Interest coverage 8.6x.
Net debt
$5.79B
Interest coverage
8.65x
Porsche Automobil Holding SE's profit covers its interest bill about 8.6 times over. which is stronger than most peers shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
POAHY
BASELINE
Porsche Automobil Holding SE
Total debt $8.01B Interest coverage 8.65x This is the baseline the peer rows are being compared against.
Total debt $325.91B Interest coverage 3.33x -62% vs POAHY Carries about 2.6x less debt cushion than POAHY.
Total debt $3.67B Interest coverage 50.94x +489% vs POAHY Carries about 5.9x more debt cushion than POAHY.
Total debt $118.61B Interest coverage 12.24x +41% vs POAHY Carries about 1.4x more debt cushion than POAHY.
Total debt $60.45B Interest coverage -15.06x -100% vs POAHY This peer has almost no interest-payment cushion compared with POAHY.
What you should know
The case for and against POAHY
3 Rewards
3 Risks
Rewards
-
Returns 0.3% on equity, ahead of 20% of its peers.
-
Free cash flow was positive in 4/10 years.
-
Dividend yield is 5.2% with 17-year payout history.
Risks
-
Stock trades 2081.9% above its 5-year average P/E.
-
Net debt grew 88.2% over 3 years.
-
Insider ownership is only 0.0% (peer median: 11.8%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
82.75x
Forward P/E
3.14x
P/B
0.24x
P/S
—
EV/EBITDA
-262.54x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
0.0%
Operating margin
0.0%
Net margin
0.0%
ROE
0.3%
ROA
-0.1%
Health
Liquidity and balance-sheet strength
Debt / equity
0.19x
Current ratio
11.23x
Quick ratio
11.18x
Total debt
$8.01B
Total cash
$2.22B
Growth
How the business has been compounding
Revenue TTM
$3.18B
Revenue 5Y CAGR
-20.4%
EPS TTM
0.04
EPS 5Y CAGR
-21.6%
Cash flow
How much cash the business throws off
Operating CF TTM
$812.16M
Free CF TTM
$812.16M
FCF margin
25.5%
Dividend
Shareholder payout
Yield
5.2%
Payout ratio
485.3%
Last ex-div date
2026-06-29