I am not invested in car companies, but I keep an eye open for opportunities. If I had to pick one, I would say volkswagen looks promising. Its the dominant player in Europe, with a decent penetration of the US and Asian markets. Solid brands, decent profit margins, and a quite varied offerings of electric options, with billions of invesmtents on the way. Of course it also includes cool luxury brands like Porsche, Bugatti, Lamborghini and so on. I did not buy in yet because their corporate structure is a mess.
Let's see what is on the market.
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Volkswagen group common stock: This stock gives you a partecipation in the whole group. Looks like the easiest option. Market cap around 85 bbln, P/E 4,4 and is gonna pay a special dividen of 19 euros. Like seriously? Why?
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Volkswagen preferred shares: Are always referred to the group but they give you an higher dividend.
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Porsche Automobile Holdings: Is an holding company which holds some percentage of the volkswagen group (31%) and 53% of the voting rights. Half of it and all the voting rights are owned by the Porsche family. The market cap is 10bln euros, and the stock price moves very differently from the one of the volkwagen group, I have no idea why.
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There is talk about a Porsche AG IPO, and I am not sure how this will have an impact on the owners of the volkswagen group.
I am sure there is soo much more to learn about the group. Am I getting it right soo far? What is the role Porsche in the company? Does the company looks promising to you?
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