Stellantis NV

Stellantis exhibits a distressed capital structure characterized by significant leverage and negative liquidity metrics. The company holds EUR 45.9 billion in long-term debt against EUR 20.0 billion in cash and equivalents, resulting in a net debt position that triggers a medium liquidity risk flag. The current ratio stands at 1.02, indicating minimal short-term buffer, while the debt-to-equity ratio of 0.86 reflects substantial financial leverage. Operating cash flow is negative at EUR -4.4 billion, and free cash flow is deeply negative at EUR -25.2 billion, driven by EUR -9.1 billion in capital expenditures. This cash burn erodes the balance sheet despite a total equity base of EUR 53.6 billion.

Profitability metrics are severely impaired, with the company reporting a net loss of EUR -22.4 billion on revenue of EUR 153.5 billion. The return on equity is -41.77%, and return on assets is -11.46%, signaling an inability to generate returns on its asset base. The operating income of EUR -26.3 billion highlights a fundamental mismatch between revenue generation and cost structure or impairment charges. The price-to-book ratio of 0.28 suggests the market values the company at a steep discount to its tangible book value, reflecting deep concerns over asset quality and future earnings power. The negative EV/EBITDA of -1.56 further underscores the lack of current earnings support for the enterprise value.

Revenue concentration and segment details are not explicitly broken down in the available data, but the total revenue of EUR 153.5 billion indicates a large-scale operation typical of major automotive OEMs. Without specific segment data, the geographic exposure remains opaque, though the EUR denomination suggests significant European operations. The gross profit of EUR 1.2 billion is negligible relative to revenue, implying extremely thin margins or significant cost of goods sold pressures.

Growth trajectory analysis is limited by the absence of historical period data in the input. However, the current financial snapshot shows a severe contraction in value creation, with negative free cash flow and net income suggesting a period of significant restructuring or market downturn. The lack of positive cash flow generation raises questions about the sustainability of current operations without external financing or asset sales.

Risk factors are elevated, with medium liquidity risk and low dilution risk noted. The key flag of negative net cash after subtracting total debt highlights the company's reliance on debt markets or internal cash generation to service obligations. The negative operating cash flow exacerbates this risk, as the company cannot self-fund its operations. The low dilution risk suggests that equity issuance is not currently a primary method of financing, but the negative free cash flow may force future capital raises if conditions do not improve.

Recent observations from investor relations indicate a mean analyst price target of EUR 7.39, with a median of EUR 7.75, suggesting potential upside from the current market price of EUR 5.18. The mean recommendation of 2.60 leans towards a hold, with one strong buy and four hold ratings, indicating cautious optimism among analysts. The high price target of EUR 9.00 and low of EUR 6.00 reflect a wide range of expectations, possibly due to uncertainty in the automotive sector or company-specific restructuring efforts.

Revenue €38.13B, +6,5% YoY; Operating income €686.0M.

• ▍Revenue €38.13B, +6,5% YoY
• ▍Operating income €686.0M
• ▍Net margin 1.0%

Revenue €37.21B, +12,9% YoY.

• ▍Revenue €37.21B, +12,9% YoY

Revenue €35.81B.

• ▍Revenue €35.81B

Revenue €32.96B.

• ▍Revenue €32.96B

Revenue €153.51B, −2,1% YoY; Operating income −796,2% YoY.

• ▍Revenue €153.51B, −2,1% YoY
• ▍Operating income −796,2% YoY
• ▍Net income −508,7% YoY
• ▍Free cash flow −960,3% YoY
• ▍Net margin -14.6%

Revenue €156.88B, −17,2% YoY; Operating income −83,0% YoY.

• ▍Revenue €156.88B, −17,2% YoY
• ▍Operating income −83,0% YoY
• ▍Net income −70,6% YoY
• ▍Free cash flow −120,0% YoY
• ▍Net margin 3.5%

Revenue €189.54B, +5,5% YoY; Operating income +11,2% YoY.

• ▍Revenue €189.54B, +5,5% YoY
• ▍Operating income +11,2% YoY
• ▍Net income +10,7% YoY
• ▍Free cash flow +8,1% YoY
• ▍Net margin 9.8%

Revenue €179.59B, +20,2% YoY; Operating income +32,3% YoY.

• ▍Revenue €179.59B, +20,2% YoY
• ▍Operating income +32,3% YoY
• ▍Net income +18,3% YoY
• ▍Free cash flow +142,4% YoY
• ▍Net margin 9.4%

Revenue €149.42B; Operating income €15.12B.

• ▍Revenue €149.42B
• ▍Operating income €15.12B
• ▍Net margin 9.5%