Stellantis
Note: This is a daily stock update and the information stands true as of 06/02/26, 09:00 CET.
Company Update:
Expert Opinion:
Our expert still sees no reason to be long Stellantis. We have concerns that the drop in market share can only be offset by more discounts on prices which will impact margins. On a more fundamental view, he still believes competition from China and too harsh regulation of the EU (stop me if you've heard this one before) can only lead to the death of European car manufacturers. No reason at all to try to buy the dip until we have more clarity on these elements.
For daily updates, subscribe to our newsletter and for detailed information, reach out to us at sales@alphavalue.eu
Company Update:
Stellantis released preliminary results with a massive €22bn provision. Very much like Ford a month ago which booked a $19bn provision, Stellantis is basically depreciating its assets in Electric Vehicles in the US.
Restated from that provision results are roughly in line with expectations (which were quite low)
H2 FY25 preliminary results:
•Net revenue: €78–80bn with deliveries up 11% yoy (6% sequentially)
•Net loss: €19–21bn
•Adjusted operating loss: €1.2–1.5bn
•Industrial FCF outflow: €1.4–1.6bn
FY26 guidance is also unsurprisingly soft: Mid single-digit growth in sales and operating margin between 0% and 5% and an improvement in FCF (which is good news considering FCF is negative in 25).
Our expert still sees no reason to be long Stellantis. We have concerns that the drop in market share can only be offset by more discounts on prices which will impact margins. On a more fundamental view, he still believes competition from China and too harsh regulation of the EU (stop me if you've heard this one before) can only lead to the death of European car manufacturers. No reason at all to try to buy the dip until we have more clarity on these elements.
For daily updates, subscribe to our newsletter and for detailed information, reach out to us at sales@alphavalue.eu
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Alphavalue Morning Market Tip
Strong results across the board - 9% shareholder yield is attractive.