GM's third-quarter US unit deliveries fell 5.5% year over year on an equal number of selling days. Lower electric vehicle demand and discontinued models held back volumes, while high end mix such as Cadillac's V-Series did well and light-duty pickups excluding EV models rose 9%.
GMNA's breakeven point of about 10 million-11 million units is drastically lower than it was under old GM.
GM may have to see a US recession to prove it can do much better than old GM before the market will award the stock a higher P/E multiple. The recession came in 2020, and may again in 2026 or 2027, but the P/E multiple well after the downturn is uncertain.
|
Metric
|
GM
|
MBGAF
|
7201
|
|---|---|---|---|
Price/Earnings (Normalized) | 6.12 | 7.24 | 955.74 |
Price/Book Value | 1.12 | 0.42 | 0.21 |
Price/Sales | 0.39 | 0.29 | 0.09 |
Price/Cash Flow | 4.37 | 2.88 | 6.32 |
|
Metric
|
GM
|
MBGAF
|
7201
|
|---|---|---|---|
Quick Ratio | 0.89 | 0.81 | 1.27 |
Current Ratio | 1.14 | 1.32 | 1.56 |
Interest Coverage | 3.01 | 18.87 | −3.47 |
|
Metric
|
GM
|
MBGAF
|
7201
|
|---|---|---|---|
Return on Assets (Normalized) | 4.13% | 1.96% | — |
Return on Equity (Normalized) | 18.44% | 5.46% | — |
Return on Invested Capital (Normalized) | 5.96% | 2.74% | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
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Economic Moat
|
Market Cap
|
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United States