- Stellantis is a leading car company from Europe. The company was established through the merger of PSA and FCA in 2020.
- Stellantis is the fourth-largest global automotive OEM, with approximately 7 million cars sold annually.
- I believe the company is trading ridiculously cheap and the low multiples are not justified given the company’s brand portfolio and size.
- Based on a Residual Earnings valuation, I assign Stellantis stock a Buy recommendation with a base-case target price of $36.06/share.
For further details see:
Stellantis: Highly Underappreciated Auto OEM Powerhouse