Financials Porsche AG

Equities

Market Closed - Xetra Other stock markets 11:35:10 2025-06-24 EDT			Pre-market 01:34:55
40.89 ^EUR	-0.10%		41.06	+0.40%

06-24	AlphaValue/Baader Europe Cuts Porsche SE Rating, EPS Forecasts on Rising Operational Headwinds	MT
06-24	BNP Paribas Exane Downgrades Porsche to Neutral, Cuts PT	MT

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	33,138	37,630	40,530	40,080	37,553	38,923	40,520
Change	-	13.56%	7.71%	-1.11%	-6.31%	3.65%	4.1%
EBITDA ¹	-	9,959	10,812	9,730	6,647	7,898	8,900
Change	-	-	8.57%	-10.01%	-31.68%	18.82%	12.68%
EBIT ¹	-	6,770	7,284	5,640	2,755	3,983	5,033
Change	-	-	7.59%	-22.57%	-51.16%	44.58%	26.37%
Interest Paid ¹	-	347	91	-409	-206	-116	-84
Earnings before Tax (EBT) ¹	-	7,069	7,375	5,227	2,863	4,267	5,250
Change	-	-	4.33%	-29.13%	-45.23%	49.04%	23.04%
Net income ¹	4,032	4,957	5,157	3,595	1,930	2,857	3,558
Change	-	22.94%	4.03%	-30.29%	-46.32%	48.05%	24.54%
Announcement Date	9/19/22	3/13/23	3/12/24	3/12/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	8,819	10,889	10,097	10,334	9,701	10,398	9,011	10,446	9,107	11,520	8,858	9,049	8,914	9,911
Change	-	23.47%	-7.27%	2.35%	-6.13%	7.18%	-13.34%	15.92%	-12.82%	26.5%	-23.11%	2.16%	-1.49%	11.18%
EBITDA ¹	-	2,658	2,560	2,862	2,542	2,848	2,211	2,690	2,044	2,780	1,792	1,641	1,595	1,697
Change	-	-	-3.69%	11.8%	-11.18%	12.04%	-22.37%	21.66%	-24.01%	36.01%	-35.54%	-8.44%	-2.82%	6.43%
EBIT ¹	1,568	1,722	1,840	2,012	1,649	1,783	1,282	1,779	974	1,600	762	628	492.2	623.7
Change	-	9.82%	6.85%	9.35%	-18.04%	8.13%	-28.1%	38.77%	-45.25%	64.27%	-52.38%	-17.59%	-21.62%	26.72%
Charge d'intérêts	-	-	146	-16	14	-53	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	1,764	1,985	1,997	1,663	1,730	1,333	1,762	891	1,240	747	-	-	-
Change	-	-	12.53%	0.6%	-16.73%	4.03%	-22.95%	32.18%	-49.43%	39.17%	-39.76%	-	-	-
Net income	-	1,266	1,407	1,361	1,173	1,216	927	1,226	612	830	517	-	354.1	447.7
Change	-	-	11.14%	-3.27%	-13.81%	3.67%	-23.77%	32.25%	-50.08%	35.62%	-37.71%	-	-	26.42%
Announcement Date	11/10/22	3/13/23	5/3/23	7/26/23	10/25/23	3/12/24	4/26/24	7/24/24	10/25/24	3/12/25	4/29/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2023 S1	2024 S1	2025 S1	2025 S2
Net sales ¹	20,431	19,457	18,153	18,212
Change	-	-4.77%	-6.7%	0.33%
EBITDA	-	4,901	-	-
Change	-	-	-	-
EBIT ¹	3,852	3,061	1,390	990
Change	-	-20.53%	-54.59%	-28.78%
Charge d'intérêts	-	-	-	-
Earnings before Tax (EBT)	3,982	3,095	-	-
Change	-	-22.28%	-	-
Net income	2,768	2,153	-	-
Change	-	-22.22%	-	-
Announcement Date	7/26/23	7/24/24	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-	5,761	4,597	5,029	4,933	4,560	3,544
Change	-	-	-20.2%	9.4%	-1.91%	-7.56%	-22.28%
Announcement Date	9/19/22	3/13/23	3/12/24	3/12/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026	2027
CAPEX ¹	3,661	4,097	3,757	3,756	3,802	3,660
Change	-	11.91%	-8.3%	-0.03%	1.24%	-3.74%
Free Cash Flow (FCF) ¹	508	5,820	2,233	1,719	2,676	4,076
Change	-	1,045.67%	-61.63%	-23.04%	55.71%	52.33%
Announcement Date	3/13/23	3/12/24	3/12/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	26.47%	26.68%	24.28%	17.7%	20.29%	21.96%
EBIT Margin (%)	-	17.99%	17.97%	14.07%	7.34%	10.23%	12.42%
EBT Margin (%)	-	18.79%	18.2%	13.04%	7.62%	10.96%	12.96%
Net margin (%)	12.17%	13.17%	12.72%	8.97%	5.14%	7.34%	8.78%
FCF margin (%)	-	1.35%	14.36%	5.57%	4.58%	6.88%	10.06%
FCF / Net Income (%)	-	10.25%	112.86%	62.11%	89.05%	93.66%	114.56%
Profitability
ROA	-	10.01%	10.51%	6.91%	3.65%	5.63%	6.85%
ROE	-	24.82%	26.66%	16.07%	8.52%	11.81%	13.76%
Financial Health
Leverage (Debt/EBITDA)	-	0.58x	0.43x	0.52x	0.74x	0.58x	0.4x
Debt / Free cash flow	-	11.34x	0.79x	2.25x	2.87x	1.7x	0.87x
Capital Intensity
CAPEX / Current Assets (%)	-	9.73%	10.11%	9.37%	10%	9.77%	9.03%
CAPEX / EBITDA (%)	-	36.76%	37.89%	38.61%	56.5%	48.14%	41.12%
CAPEX / FCF (%)	-	720.67%	70.4%	168.25%	218.55%	142.09%	89.78%
Items per share
Cash flow per share ¹	-	7.807	7.708	6.974	6.502	6.9	8.367
Change	-	-	-1.27%	-9.53%	-6.77%	6.12%	21.26%
Dividend per Share ¹	-	1	2.31	2.31	1.416	1.623	1.914
Change	-	-	131%	0%	-38.69%	14.6%	17.93%
Book Value Per Share ¹	-	37.36	47.57	50.59	25	26.59	27.43
Change	-	-	27.31%	6.35%	-50.57%	6.34%	3.15%
EPS ¹	-	5.44	5.67	3.95	2.064	3.054	3.629
Change	-	-	4.23%	-30.34%	-47.74%	47.92%	18.83%
Nbr of stocks (in thousands)	-	911,000	911,000	911,000	911,000	911,000	911,000
Announcement Date	-	3/13/23	3/12/24	3/12/25	-	-	-