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Stellantis valued at €13.2B with strong profit turnaround, upgraded to BUY with potential 115-191% upside.

Analyst Insights
11 Sep 2026
Seeking Alpha
View Source
Bullish
Stellantis valued at €13.2B with strong profit turnaround, upgraded to BUY with potential 115-191% upside.

Stellantis is currently valued at a €13.2 billion market cap, with €10 billion in net industrial cash, implying the carmaking business itself is priced at about €3.2 billion. The company has shown a financial turnaround with two consecutive quarters of net profit and a first half adjusted operating income of €1,733 million at a 2.1% margin. North America improved from a €982 million loss to a €547 million profit, supported by four consecutive quarters of sales growth, though the margin remains low at 1.6%. The recent market selloff due to Canada tariffs is seen as an overreaction, as the full-year tariff cost is estimated at €1.0 to €1.2 billion, insufficient to justify the stock price drop. With strong net cash, no dividend, and no buyback plans, Stellantis is positioned to act in industry consolidation. The analyst upgrades Stellantis to BUY with an expected upside between 115% and 191% from current prices.

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