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Stellantis NV STLA

Morningstar Rating
$21.55 −0.27 (1.24%)
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Company Report

Stellantis Benefits From Scale and Manufacturing Efficiencies as It Continues Merger Integration

Stellantis was formed by the merger of Peugeot and Fiat Chrysler, which closed on Jan. 16, 2021. In 2022, chip crisis-affected total unit volume was 6.0 million, while revenue and adjusted operating income were EUR 179.6 billion and EUR 23.3 billion, respectively. Unit sales volume in 2022 makes Stellantis the fifth-largest global automaker behind Toyota at 10.3 million, Volkswagen at 8.0 million, Hyundai/Kia at 6.8 million, and the Renault-Nissan-Mitsubishi alliance at 6.4 million.

Price vs Fair Value

STLA is trading at a 214% premium.
Price
$21.82
Fair Value
$51.00
Uncertainty
High
1-Star Price
$16.30
5-Star Price
$35.70
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Merger integration enhances economies of scale. In 2022, management achieved cash flow synergy targets two years ahead of schedule.

Bears

Stellantis lags competitors’ progress in transition to EVs as Fiat Chrysler required the purchase of carbon credits to avoid clean air regulation noncompliance fines due to slow EV development. However, merging with Peugeot has accelerated Fiat Chrysler EV development.

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News

Trading Information

Previous Close Price
$21.82
Day Range
$21.3521.56
52-Week Range
$16.3929.51
Bid/Ask
$21.54 / $21.55
Market Cap
$64.16 Bil
Volume/Avg
1.8 Mil / 5.8 Mil

Key Statistics

Price/Earnings (Normalized)
3.14
Price/Sales
0.33
Dividend Yield (Trailing)
7.61%
Dividend Yield (Forward)
7.61%
Total Yield
11.52%

Company Profile

Stellantis NV was formed on Jan. 16, 2021, from the merger of Fiat Chrysler Automobiles and PSA Group. The combination of the two companies created the world’s fifth-largest automaker, with 14 automobile brands. In 2023, pro forma Stellantis had sales volume of 6.2 million vehicles and EUR 189.5 billion in revenue, albeit affected by the microchip shortage. Europe is Stellantis' largest market, accounting for 44% of 2023 global volume while North America and South America were 29% and 15%, respectively.
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Stock Style Box
Large Value
Total Number of Employees
258,275

Competitors

Valuation

Metric
STLA
VWAGY
HMC
Price/Earnings (Normalized)
3.143.888.06
Price/Book Value
0.730.380.63
Price/Sales
0.330.190.38
Price/Cash Flow
2.251.334.11
Price/Earnings
STLA
VWAGY
HMC

Financial Strength

Metric
STLA
VWAGY
HMC
Quick Ratio
0.900.891.07
Current Ratio
1.241.161.45
Interest Coverage
15.8429.4327.53
Quick Ratio
STLA
VWAGY
HMC

Profitability

Metric
STLA
VWAGY
HMC
Return on Assets (Normalized)
10.04%2.83%3.87%
Return on Equity (Normalized)
25.58%10.57%8.59%
Return on Invested Capital (Normalized)
17.50%4.62%4.54%
Return on Assets
STLA
VWAGY
HMC
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