Porsche Now An Independent Company. Invest in it?

[RKZ]

Many of us are Porsche fans, constantly demonstrating how the emotional appeal of a Porsche supersedes the financial appeal!
Porsche floated their IPO (went public) on September 29 of 2022. We in the US can now buy essentially ADR shares under the symbol POAHY. As of close of US market Feb 27, the shares closed at 5.62. The eqity trades at a very low PE of 3.12 and pays a dividend yield of 4.82%. Showing a 52 week high of $10.15 and a low of $5.22 meaning the company is trading today nearly at its low. Does anyone have a point of view of how Porsche as an independent company will perform vis a vis competitors and do you have a researched opinion about whether POAHY might be a reasonable investment? Asking for a friend!

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[xyeahtony]

"independent" ? POAHY is the holding company of the VW group.

 

[DCYL725]

The automaker business segment of Porsche is separately listed but it is still not an "independent" company. It's individually listed, but ownership structure of the company is pretty much the same.

You can now directly own Porsche as a pure-play car company versus the holding company which holds a bunch of other non-automobile businesses and whatnot.

 

[WasserGKuehlt]

AFAIK Porsche AG is not listed on the US stock market; you can buy shares through (3?) proxy/broker agencies. On the Frankfurt exchange it’s listed as P911. POAHY, as mentioned above, is the Porsche Holdings entity, which is the investment company of the Porsche and Piech families.

 

[Leverage]

It's listed under the ticker P911 and has a staggering +€100B market cap. I wouldn't call that "cheap" in the current macro environment.

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