IPO Porsche in a valuation comparison: Much cheaper than Ferrari

Dusseldorf Porsche earns billions, is highly profitable – and has been doing so reliably for years. These qualities are in demand in difficult times like now. That is why the Volkswagen Group, the family and the banks involved managed to fully exploit the price range for the Porsche IPO.

But what good are the new shares? Financial market key figures and the comparison with the competitors help with the resolution. The Handelsblatt has summarized the most important things.

Since the IPO, a price-earnings ratio (P/E) can be calculated. It puts the current price in relation to the profits. The lower the P/E, the lower the valuation – not to be confused with cheap.

With a projected net profit of five billion euros in the current fiscal year, Porsche AG has a P/E ratio of 15.6 according to Handelsblatt calculations. Calculations from financial service providers such as Bloomberg, which are usually consulted, are not yet available. The basis for our own calculations are the half-year figures, the outlook and Porsche’s stock market prospectus.