Financials Stellantis N.V. Euronext Paris

Equities

STLAP

NL00150001Q9

Auto & Truck Manufacturers

Market Closed - Euronext Paris Other stock markets 11:35:41 2024-05-31 am EDT			5-day change	1st Jan Change
20.22 ^EUR	-1.17%		-1.68%	-4.35%

May. 31	Stellantis Asks Customers to Stop Driving Vehicles Over Faulty Airbags	MT
May. 31	Stellantis’ Citroën Lays Out Plan to Address Vehicle Recall Due to Defective Takata Airbags	MT

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	52,274	42,622	63,845	77,740	-	-
Enterprise Value (EV) ¹	34,324	19,019	42,809	47,716	42,985	37,689
P/E ratio	3.67 x	2.5 x	3.56 x	3.93 x	3.87 x	3.86 x
Yield	-	-	7.33%	7.35%	7.62%	7.57%
Capitalization / Revenue	0.34 x	0.24 x	0.34 x	0.42 x	0.41 x	0.39 x
EV / Revenue	0.23 x	0.11 x	0.23 x	0.26 x	0.22 x	0.19 x
EV / EBITDA	1.44 x	0.63 x	1.34 x	1.71 x	1.5 x	1.29 x
EV / FCF	4.02 x	1.49 x	3.33 x	4.65 x	4.16 x	3.71 x
FCF Yield	24.9%	67%	30%	21.5%	24%	27%
Price to Book	0.93 x	0.58 x	0.8 x	0.69 x	0.61 x	0.55 x
Nbr of stocks (in thousands)	3,132,807	3,213,356	3,018,673	3,848,526	-	-
Reference price ²	16.69	13.26	21.15	20.20	20.20	20.20
Announcement Date	2/23/22	2/22/23	2/15/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	74,731	134,400	152,119	179,592	189,544	184,986	191,215	197,060
EBITDA ¹	10,041	-	23,882	30,120	31,892	27,866	28,687	29,276
EBIT ¹	6,324	7,100	18,011	23,323	24,343	20,101	20,183	20,114
Operating Margin	8.46%	5.28%	11.84%	12.99%	12.84%	10.87%	10.56%	10.21%
Earnings before Tax (EBT) ¹	4,324	-	14,553	19,244	22,418	19,997	20,266	20,243
Net income ¹	3,201	-	14,336	16,799	18,625	15,905	16,255	16,127
Net margin	4.28%	-	9.42%	9.35%	9.83%	8.6%	8.5%	8.18%
EPS ²	-	-	4.550	5.310	5.940	5.134	5.213	5.231
Free Cash Flow ¹	2,475	-	8,533	12,745	12,858	10,262	10,329	10,170
FCF margin	3.31%	-	5.61%	7.1%	6.78%	5.55%	5.4%	5.16%
FCF Conversion (EBITDA)	24.65%	-	35.73%	42.31%	40.32%	36.83%	36.01%	34.74%
FCF Conversion (Net income)	77.32%	-	59.52%	75.87%	69.04%	64.52%	63.54%	63.06%
Dividend per Share ²	-	-	-	-	1.550	1.484	1.539	1.529
Announcement Date	2/26/20	3/3/21	2/23/22	2/22/23	2/15/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S2	2020 S1	2021 S1	2021 Q3	2021 Q4	2021 S2	2022 Q1	2022 Q2	2022 S1	2022 Q3	2022 Q4	2022 S2	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2023 S2	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4	2024 S2	2025 S1	2025 S2
Net sales ¹	36,391	25,120	75,310	32,600	44,258	76,809	41,482	46,517	87,999	42,101	49,492	91,593	47,235	51,133	98,368	45,136	46,040	91,176	41,700	47,789	89,139	46,117	48,950	95,330	101,222	94,688
EBITDA	4,915	2,130	11,269	-	-	12,613	-	-	15,599	-	-	14,521	-	-	17,853	-	-	14,039	-	-	13,360	-	-	15,288	14,899	13,525
EBIT	2,986	517	8,622	-	-	9,389	-	-	12,374	-	-	10,949	-	-	14,126	-	-	10,217	-	-	9,255	-	-	10,396	10,952	9,488
Operating Margin	8.21%	2.06%	11.45%	-	-	12.22%	-	-	14.06%	-	-	11.95%	-	-	14.36%	-	-	11.21%	-	-	10.38%	-	-	10.91%	10.82%	10.02%
Earnings before Tax (EBT)	1,999	534	7,288	-	-	7,265	-	-	9,889	-	-	9,355	-	-	13,610	-	-	8,808	-	-	8,864	-	-	9,753	9,762	8,267
Net income	1,369	595	6,916	-	-	7,420	-	-	7,960	-	-	9,355	-	-	10,923	-	-	7,707	-	-	7,104	-	-	7,622	8,034	6,825
Net margin	3.76%	2.37%	9.18%	-	-	9.66%	-	-	9.05%	-	-	10.21%	-	-	11.1%	-	-	8.45%	-	-	7.97%	-	-	8%	7.94%	7.21%
EPS	-	-	2.210	-	-	2.390	-	-	2.470	-	-	2.840	-	-	3.450	-	-	2.470	-	-	2.355	-	-	2.520	2.670	2.280
Dividend per Share ²	-	-	-	-	-	-	-	-	1.040	-	-	-	-	1.340	1.340	-	-	-	-	-	1.550	-	1.455	-	-	-
Announcement Date	2/26/20	7/28/20	8/3/21	10/28/21	2/23/22	2/23/22	5/5/22	7/28/22	7/28/22	11/3/22	2/22/23	2/22/23	5/3/23	7/26/23	7/26/23	11/15/23	2/15/24	2/15/24	-	-	-	-	-	-	-	-

¹EUR in Million²EUR

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	7,914	-	17,950	23,603	21,036	30,024	34,756	40,051
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	2,475	-	8,533	12,745	12,858	10,262	10,329	10,170
ROE (net income / shareholders' equity)	17.7%	-	40.7%	30.5%	24.2%	17.9%	15.9%	16%
ROA (Net income/ Total Assets)	4.86%	-	11.6%	9.39%	9.59%	7.79%	7.73%	7.03%
Assets ¹	65,859	-	123,526	178,961	194,142	204,276	210,225	229,249
Book Value Per Share ²	-	-	17.80	22.90	26.30	29.40	33.30	36.90
Cash Flow per Share ²	-	-	6.090	6.360	7.180	7.250	7.240	7.480
Capex ¹	4,911	-	10,113	7,214	9,660	11,340	11,750	12,423
Capex / Sales	6.57%	-	6.65%	4.02%	5.1%	6.13%	6.14%	6.3%
Announcement Date	2/26/20	3/3/21	2/23/22	2/22/23	2/15/24	-	-	-

¹EUR in Million²EUR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Stellantis N.V.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

20.2 EUR

Average target price

26.97 EUR

Spread / Average Target

+33.50%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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Automobiles & Multi Utility Vehicles