Porsche Automobil Holding SE (POAHY)
NEGATIVEFundamental
35
Price
$27.51
Market Cap
$8.45B
Part 1 · What the company is worth
Overview
Porsche Automobil Holding SE does not make or sell cars itself. It is an investment holding company whose main asset is a majority voting stake — about 53% of ordinary shares — in Volkswagen AG, Europe's largest carmaker, plus a direct minority stake of roughly 12.5% in the separately listed Porsche AG sports-car maker. Its earnings are essentially its share of what those two companies make, not sales of its own.
How it makes money
The company earns almost no operating revenue of its own. Its results consist of dividends received from Volkswagen and Porsche AG, plus its share of their annual profit recognized under equity accounting because it holds a large enough stake to exert significant influence, minus its own financing costs and holding-company expenses. A small portfolio of direct technology investments adds a minor, separate income stream.
Competitive moat
No identified moat · NoneThe company has no product or operating business of its own to defend; its value depends entirely on the competitive position of Volkswagen and Porsche AG, whose moats — if any — belong to those companies, not to the holding.
What drives demand
CyclicalResults move with the automotive cycle at Volkswagen and Porsche AG — new-vehicle demand, factory utilization, and the heavy investment both companies are making in electrification — since the holding's earnings are just a pass-through of theirs.
Key risks
- Diesel-emissions investor litigation — The company faces investor lawsuits in Germany alleging it failed to disclose the share-price impact of Volkswagen's diesel-emissions scandal in a timely way while it held a controlling stake in Volkswagen; German courts have referred key questions about a holding company's disclosure liability to the European Court of Justice.
The case for
Buyers argue that the holding gives access to a controlling stake in Volkswagen, and a direct stake in Porsche AG, at a persistent discount to the sum of what those stakes are worth on their own, and that the dividend flow from both is relatively stable even when the holding's own share price is not.
The case against
Sellers fear that owning shares in the holding rather than in Volkswagen or Porsche AG directly adds a layer of legal and governance risk — including the unresolved diesel-litigation questions — without adding any operating control over how those companies are run, and that a downturn at either subsidiary flows straight through to the holding's own results.
Written by the editors, published on August 18, 2026
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$32M
Trailing 12 months (through 6/30/2026)
Net Income
$95M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$-423M
Total Equity
$18.91B
Total Liabilities
$6.91B
Current Ratio
11.23
Interest Coverage
-
Debt/EBITDA
-
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$23.93
Current Price
$27.51
Margin of Safety
-15.0%
Fair Value Range
$15.56 - $32.31
Estimation Methods
Valuation Metrics
P/E Ratio
89.00
ROE
0.3%
P/B Ratio
0.22
P/FCF
-
Gross Margin
0.0%
ROIC
-
Profitability Radar
Value Creation (Economic Moat)
ROIC
-
WACC
5.2%
ROIC − WACC
-
Fundamental Analysis Criteria
Passed (4)
- P/B Ratio 0.22
- Debt/Equity ratio
- Current Ratio
- Earnings Surprise avg 21.1%
Failed (10)
- Price CAGR -6.63%
- Gross Margin 0.0%
- Positive Free Cash Flow
- DCF valuation (Unknown)
- ROE 7.2%
- Revenue Growth 5Y 2.4%
- Analyst Consensus 47% Buy
- PEG Ratio 15.29
- Earnings Quality (OCF/NI) 0.16
- Piotroski F-Score 1/9
Unavailable (13)
- EPS data insufficient
- ROIC NaN%
- P/FCF NaN
- Dividend Payout NaN%
- Operating Margin NaN%
- CapEx intensity
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- Price below Graham Number
- Share Dilution (missing shares data)
- Net Margin Trend (invalid data)
Piotroski F-Score
Serious financial concerns
Earnings Quality
Low quality: investigate accounting
Share Dilution
Buying back shares. Shareholder friendly
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Dr. Hans Dieter Potsch M.Sc. | Chairman of the Board of Management | 74 |
| Dr. Johannes Lattwein | Member of the Management Board, CFO & IT Officer | - |
| Dr. Manfred Doss Ph.D. | Member of the Management Board for Legal Affairs & Compliance | 67 |
| Mr. Karsten Hoeldtke | Head of Investor Relations | 50 |
| Mr. Jens Brucker | Head of the Seat Plant - Martorell | - |
| Mr. Hannes Ruoff | CEO of Porsche Asia Pacific | - |
| Mr. Tobias Suhlmann | Head of Design of Porsche | 45 |
| Mr. Alexander Pollich | CEO & President of Porsche China, Hong Kong and Macao | - |
| Mr. Marc Ouayoun | Managing Director of Porsche France Sa | 54 |
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for POAHY, sourced from Markets Gazette.