Automotive yield strategy on Stellantis

In 2020 and 2021, the Stellantis group has shown that it has weathered the crisis remarkably well. The operating margin is expected to reach 10% this year, while in 2019, Peugeot SA’s was 8.5% and Fiat Chrysler’s 6.2%. This margin applies, of course, to a turnover heavily penalized by the lack of semiconductors, but it shows the manufacturer’s ability to manage costs, by making use of synergies, and prices, by concentrating sales. on the most profitable models in this context of shortage. Despite an increase of 40% since the start of the year, the share seems to have little value. With the improvement in the supply of raw materials and semiconductors, the production and turnover of the group are expected to recover in 2022.

This Wednesday, within the framework of our section dedicated to derivative products, we recommend that we take an interest in this file via the purchase of bonuses capped on Stellantis de code 274RS. They offer a maximum return of nearly 30% by September 23, 2022 on the basis of a reimbursement level of 21.2 euros, as long as the lower limit of 14 euros is not affected. It is 14% distant from the action level.

Listing range: 16.33 – 16.34 euros.