NSANF - Stellantis: A Preview Of FY 2022 Results
Summary
- Stellantis is the fifth-largest automaker with 14 brands, with Europe as its largest market.
- Expect EPS for 2022 to be $5.60, boosted by revenue growth in China and India. Additionally, I expect margin expansion thanks to capturing a portion of the synergies.
- STLA has achieved EUR 3.2 billion in synergy savings in the first year of the merger, exceeding expectations.
- STLA trades at a lower multiple than peers, but I anticipate it will triple in value as it hits revenue goals, generates synergies, and expands margins. My target share price is USD 55.
For further details see:
Stellantis: A Preview Of FY 2022 Results