Porsche (PAH3) is now the cheapest major German automotive, trading at a 3x P/E and offering a 5.5% yield despite recent dividend cuts. Sales declines, especially in China and across all regions, reflect operational challenges, but management's focus on 'value over sales' is a positive strategic shift. DCF and peer-based valuations suggest massive upside, but I conservatively maintain a €75 fair value and set a €60/share price target, rating Porsche a 'Buy.'
Sales were dented by the end of production of the gasoline-powered 718, strong demand for the all-electric Macan in the same period last year, and the end of U.S. tax incentives.
The sportscar maker is in talks with employee representatives as it pushes ahead with a broader streamlining plan.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| VWA VSM Wealth Advisory LLC VSM Wealth Advisory LLC | 100 | $375.25 | $308.2 | -$67.05 | -17.87% |
Kerr Financial Planning Corp Kerr Financial Planning Corp | 446 | $1,726.02 | $1,373.68 | -$352.34 | -20.41% |
| Automobiles Industry | Consumer Discretionary Sector | Hans Dieter Pötsch CEO | OTC PINK Exchange | 73328P106 CUSIP |
| DE Country | 46 Employees | 29 Jun 2026 Last Dividend | - Last Split | - IPO Date |