Current Stock Development
- Intraday Performance: The stock previously reached a daily high of €95.44 and is now significantly above the 200-day line (last at ~€95.40).
- 52-Week Range: The all-time high is €123.95 (May 2024), the low is €78.86 (November 2024). The current price target from analysts averages €114.50.
Fundamental Factors
- Earnings Forecast: For 2025, earnings of €21.28/share are expected, while the dividend is projected to be €6.43/share.
- Challenges in Q1/2025:
- Earnings decline of ~40% due to provisions for EU CO₂ fines (€600 million)
- Restructuring costs from the software subsidiary Cariad (€200 million)
- Valuation adjustments for vehicles affected by US tariffs (€300 million)
- Annual forecast remains unchanged: revenue growth of up to +5%, operating margin between 5.5–6.5%.
External Influencing Factors
- US Tariff Policy: The temporary suspension of new tariffs on EU car imports until July favors stock performance.
- EU Cooperation: Easing of CO₂ guidelines and innovation promotion are currently the focus of discussions with the EU Commission.
Relevant for private investors is the combination of technical upward momentum and a long-term fundamental narrative – despite short-term pressures from regulatory costs.