Financials Penske Automotive Group, Inc.

Equities

PAG

US70959W1036

Auto Vehicles, Parts & Service Retailers

Real-time Estimate Cboe BZX 15:43:09 2024-04-16 EDT 5-day change 1st Jan Change
150.6 USD +0.80% Intraday chart for Penske Automotive Group, Inc. -2.42% -6.12%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,071 4,771 8,395 8,195 10,780 10,016 - -
Enterprise Value (EV) 1 6,403 6,411 9,768 9,711 12,313 11,760 11,371 11,758
P/E ratio 9.51 x 8.81 x 7.2 x 6.2 x 10.4 x 10.4 x 10.2 x 9.22 x
Yield 3.15% 1.43% 1.66% 1.8% 1.89% 2.38% 2.25% 2.24%
Capitalization / Revenue 0.18 x 0.23 x 0.33 x 0.29 x 0.37 x 0.33 x 0.32 x 0.3 x
EV / Revenue 0.28 x 0.31 x 0.38 x 0.35 x 0.42 x 0.38 x 0.36 x 0.35 x
EV / EBITDA 7.76 x 6.78 x 5.35 x 4.72 x 7.27 x 7.67 x 6.99 x 6.25 x
EV / FCF 23.5 x 6.31 x 9.36 x 8.25 x 17.1 x 16.4 x 37.7 x 22.9 x
FCF Yield 4.26% 15.8% 10.7% 12.1% 5.83% 6.08% 2.66% 4.37%
Price to Book 1.46 x 1.44 x 2.09 x 1.93 x 2.28 x 1.94 x 1.64 x 1.46 x
Nbr of stocks (in thousands) 81,065 80,336 78,295 71,303 67,161 67,047 - -
Reference price 2 50.22 59.39 107.2 114.9 160.5 149.4 149.4 149.4
Announcement Date 20-02-05 21-02-10 22-02-09 23-02-08 24-02-07 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 23,179 20,444 25,555 27,815 29,527 30,547 31,607 33,940
EBITDA 1 825.3 945.8 1,826 2,057 1,694 1,533 1,627 1,882
EBIT 1 652.7 699.3 1,373 1,488 1,392 1,271 1,285 -
Operating Margin 2.82% 3.42% 5.37% 5.35% 4.71% 4.16% 4.07% -
Earnings before Tax (EBT) 1 591.5 707.6 1,608 1,859 1,420 1,240 1,017 -
Net income 1 435.8 543.6 1,188 1,380 1,053 947 949.8 997.8
Net margin 1.88% 2.66% 4.65% 4.96% 3.57% 3.1% 3.01% 2.94%
EPS 2 5.280 6.740 14.89 18.55 15.50 14.36 14.58 16.21
Free Cash Flow 1 273 1,016 1,043 1,176 718.3 715 302 514.2
FCF margin 1.18% 4.97% 4.08% 4.23% 2.43% 2.34% 0.96% 1.52%
FCF Conversion (EBITDA) 33.08% 107.38% 57.12% 57.2% 42.41% 46.63% 18.56% 27.33%
FCF Conversion (Net income) 62.64% 186.83% 87.82% 85.25% 68.2% 75.5% 31.79% 51.54%
Dividend per Share 2 1.580 0.8500 1.780 2.070 3.040 3.562 3.358 3.340
Announcement Date 20-02-05 21-02-10 22-02-09 23-02-08 24-02-07 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 6,497 6,296 6,975 6,907 6,921 7,012 7,339 7,468 7,448 7,272 7,514 7,698 7,661 7,457
EBITDA 1 522.5 478.3 546 548.3 516.6 446 461.6 458.6 416.4 357.2 359.9 375.4 379.4 351
EBIT 1 377.8 356.3 402 387.6 362.7 335.5 373.5 380.8 331.5 306.4 319.5 325.6 319.3 306.9
Operating Margin 5.81% 5.66% 5.76% 5.61% 5.24% 4.78% 5.09% 5.1% 4.45% 4.21% 4.25% 4.23% 4.17% 4.11%
Earnings before Tax (EBT) 1 476.1 420.3 497.6 499.6 467.2 394.8 406.9 400.3 356.5 255.8 299.4 313.6 315 311.9
Net income 1 355.1 311.3 367.9 374 340.1 298 298.3 300.8 263.4 190.7 223 233.5 235 233.8
Net margin 5.47% 4.94% 5.27% 5.41% 4.91% 4.25% 4.06% 4.03% 3.54% 2.62% 2.97% 3.03% 3.07% 3.14%
EPS 2 4.470 3.990 4.760 4.930 4.610 4.210 4.310 4.410 3.920 2.840 3.320 3.490 3.527 3.523
Dividend per Share 2 0.4600 0.4600 - 0.5300 0.5300 0.5700 0.6100 0.6600 0.7900 0.8700 0.8700 0.8800 0.8900 0.9000
Announcement Date 21-10-27 22-02-09 22-04-27 22-07-27 22-10-26 23-02-08 23-04-26 23-07-26 23-10-25 24-02-07 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,332 1,640 1,373 1,516 1,533 1,744 1,355 1,741
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.826 x 1.734 x 0.752 x 0.7368 x 0.9049 x 1.137 x 0.8331 x 0.9254 x
Free Cash Flow 1 273 1,016 1,043 1,177 718 715 302 514
ROE (net income / shareholders' equity) 16% 17.7% 32.9% 33.6% 23.6% 19.2% 17.3% 16.3%
ROA (Net income/ Total Assets) 3.51% 4% 9.13% 10% 7.07% 4.09% 5.3% 5.4%
Assets 1 12,424 13,595 13,014 13,790 14,893 23,180 17,921 18,477
Book Value Per Share 2 34.50 41.30 51.40 59.50 70.40 76.90 90.80 102.0
Cash Flow per Share 2 6.280 14.90 16.20 19.60 16.10 16.60 16.80 -
Capex 1 245 186 249 283 375 324 381 418
Capex / Sales 1.06% 0.91% 0.97% 1.02% 1.27% 1.06% 1.21% 1.23%
Announcement Date 20-02-05 21-02-10 22-02-09 23-02-08 24-02-07 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
149.4 USD
Average target price
154.4 USD
Spread / Average Target
+3.36%
Consensus
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