| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 7.70 | -7 |
| Intrinsic value (DCF) | 15.73 | 90 |
| Graham-Dodd Method | 8.12 | -2 |
| Graham Formula | n/a |
Stellantis N.V. (8TI.DE) is a leading global automotive manufacturer headquartered in Hoofddorp, Netherlands, formed through the merger of Fiat Chrysler Automobiles and PSA Group in 2021. The company designs, engineers, manufactures, and distributes a diverse portfolio of automobiles and light commercial vehicles under iconic brands such as Jeep, Ram, Peugeot, Citroën, Alfa Romeo, Maserati, and Opel. Stellantis operates across multiple segments, including luxury, premium, and mass-market vehicles, as well as mobility services and parts distribution. With a strong presence in Europe, North America, and emerging markets, the company leverages its extensive brand portfolio and manufacturing footprint to drive innovation in electric vehicles (EVs) and sustainable mobility. Stellantis is a key player in the Consumer Cyclical sector, benefiting from economies of scale and a multi-brand strategy that caters to diverse customer preferences worldwide.
Stellantis presents a compelling investment case due to its diversified brand portfolio, strong market presence in Europe and North America, and aggressive push into electrification. The company reported €156.9 billion in revenue and €5.5 billion in net income for the latest fiscal year, supported by robust demand for SUVs and commercial vehicles. However, risks include high total debt (€37.2 billion) and exposure to cyclical auto demand. Stellantis’s beta of 1.121 suggests moderate volatility relative to the market. The dividend yield (~2.3% based on €0.68/share) adds income appeal, while its €34.1 billion cash position provides financial flexibility. Investors should monitor EV adoption rates and competitive pressures in key markets.
Stellantis benefits from a multi-brand strategy that spans luxury (Maserati), premium (Alfa Romeo), and mass-market (Fiat, Peugeot) segments, giving it broad consumer reach. Its competitive advantage lies in economies of scale, with shared platforms and technology across brands reducing R&D and production costs. The company’s stronghold in Europe (via Peugeot, Citroën) and North America (via Jeep, Ram) provides geographic diversification. However, Stellantis lags behind pure EV leaders like Tesla in battery technology and software integration. Its electrification strategy relies heavily on partnerships (e.g., with Samsung SDI for battery plants). In commercial vehicles, Stellantis competes effectively with Ford and Volkswagen but faces pricing pressure in emerging markets. The merger synergies (targeting €5+ billion annually) are a key differentiator, though integration risks persist. Stellantis’s reliance on internal combustion engine (ICE) profits during the EV transition could be a long-term vulnerability if regulatory shifts accelerate.