PUGOY - Peugeot S.A.

Other OTC - Other OTC Delayed Price. Currency in USD
16.18
+0.28 (+1.76%)
At close: 3:51PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close15.90
Open16.55
Bid0.00 x 0
Ask0.00 x 0
Day's Range16.18 - 16.65
52 Week Range9.62 - 30.19
Volume19,587
Avg. Volume42,853
Market Cap14.565B
Beta (5Y Monthly)N/A
PE Ratio (TTM)6.17
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Reuters

    GM seeks U.S. appeals court ruling to continue legal fight with Fiat Chrysler

    General Motors Co on Friday asked a U.S. appeals court to allow it to continue pursuing its civil racketeering suit against rival Fiat Chrysler Automobiles NV , rejecting a lower court judge's belittling of the complaint. The automaker's filing with the Sixth Circuit Court of Appeals comes less than a week after U.S. District Court Judge Paul Borman called GM's suit against Fiat Chrysler a "waste of time and resources" at a time when both automakers should be focused on surviving the coronavirus pandemic. Borman ordered GM Chief Executive Mary Barra and Fiat Chrysler CEO Mike Manley to meet by July 1 to negotiate a resolution.

  • Reuters

    Virus crisis has not delayed merger plans between Fiat Chrysler and PSA-Elkann

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  • Reuters

    Italy close to announcing Fiat Chrysler's $7 billion loan - sources

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  • Moody's

    Faurecia -- Moody's downgrades Faurecia's ratings to Ba2 from Ba1; outlook stable

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  • Reuters

    Vans, not glamorous, but key as EU weighs autos mega-merger

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  • Moody's

    Dongfeng Motor (Hong Kong) Intl Co., Ltd. -- Moody's confirms Dongfeng's A2 ratings; changes outlook to stable

    Moody's Investors Service has confirmed the A2 issuer rating of Dongfeng Motor Group Company Limited (Dongfeng, A2 stable). At the same time, Moody's has also confirmed the A2 rating on the senior unsecured bonds issued by Dongfeng Motor (Hong Kong) International Co., Limited -- an indirect wholly-owned subsidiary of Dongfeng.

  • Reuters

    PRESS DIGEST- British Business - June 18

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  • Reuters

    European shares slide on Fed outlook, worries of new virus cases

    European shares moved further away from their three-month peak on Thursday after a downbeat economic outlook from the U.S. Federal Reserve and on worries of a second wave of COVID-19 cases. The pan-European STOXX 600 fell 2.6%, its fourth straight day of decline, with travel and leisure stocks, banks and automakers losing between 4.5% and 5%. A strong rally in global stocks halted this week, with markets taking another leg lower on Thursday after the Fed warned of a long road to recovery, while projecting the U.S. economy to shrink 6.5% in 2020 and the unemployment rate to be 9.3% at the year's end.

  • Reuters

    German auto stimulus to boost VW's electric push

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  • Reuters

    Italy new car sales fall 50% y-o-y in May

    New car registrations in Italy fell for the fifth straight month in May, down 49.61% from the previous year, the transport ministry said on Monday. The Italian government imposed a nationwide lockdown in early March to contain the spread of the new coronavirus and started to gradually ease the restrictions on movement and business only in mid-May.

  • Moody's

    GIE PSA Tresorerie -- Moody's confirms PSA's Baa3 ratings; Outlook negative

    Moody's Investors Service, ("Moody's") confirmed Peugeot S.A.'s (PSA) Baa3 issuer rating; the outlook changed to negative from ratings under review. A full list of affected ratings can be found at the end of this press release. PSA's Baa3 rating reflects Moody's view that the company's strong liquidity position affords it the capacity to fund sizable cash requirements that might arise under a potentially extended downturn in the global automotive market as a result of the coronavirus pandemic.

  • Moody's

    Fiat Chrysler Finance Europe SA -- Moody's confirms FCA's Ba1 ratings; Developing outlook

    Moody's Investors Service, ("Moody's") has today confirmed Fiat Chrysler Automobiles N.V.'s (FCA) Ba1 corporate family rating (CFR), Ba1-PD Probability of default rating as well as its Ba2 instrument ratings. The outlook on all ratings changed to developing from ratings under review.

  • Reuters

    Hedge funds target France as short-selling bans lifted

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  • Reuters

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  • Reuters

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  • Bloomberg

    Billionaire Agnellis Have Some More Bad News Coming

    (Bloomberg Opinion) -- John Elkann, scion of the billionaire Agnelli clan, isn’t having an easy Covid-19 crisis. His $9 billion sale of the PartnerRE reinsurance business collapsed last week after the family’s holding company, Exor NV, refused to lower its asking price price. Then Fiat Chrysler Automobiles NV said it would scrap a proposed dividend for 2019, denying Exor another 315 million euros ($341 million) in change.And things could get worse. The terms of Fiat’s proposed merger with France’s Peugeot SA, negotiated before the coronavirus pandemic, require the Italian carmaker to pay its shareholders — the largest of whom are the Agnellis — a 5.5 billion-euro special dividend before the deal closes.The size of that payment always looked questionable, given that Fiat’s balance sheet is inferior to Peugeot’s. The Covid-19 outbreak makes it unconscionable. Having halted production, both companies are burning through cash and Fiat has had to ask Italy to guarantee a 6.3 billion-euro three-year loan to support its domestic suppliers. Surely the first priority here should be making sure the new company has strong enough finances as the economy starts to reopen.The politics of Fiat asking for help from Rome is especially awkward after the carmaker moved its tax residency to the U.K. in 2014, and its legal headquarters to the Netherlands. Last year, Italy’s competition watchdog said that the country’s tax revenues had suffered significantly as a result.Paying a fat dividend to the Agnellis and other shareholders after leaning on taxpayers probably wouldn’t go down very well with the public — as Germany’s BMW AG and other recent dividend payers have discovered. If Elkann still wants his sweetener, the two parties will need to find a way that doesn’t bleed the new merged entity of cash.Right now, money is flowing rapidly out of both companies. For the most part that’s because suppliers still need paying, even though the companies aren’t selling many cars. I’ve written before about companies suffering from these so-called negative working-capital problems.Fiat ate through 5 billion euros of cash in the first three months of 2020 and it could consume twice that in the second quarter, according to Jefferies analyst Philippe Houchois. He expects Peugeot to burn through about 8 billion euros of cash in the first half of the year.Neither company is in danger of running out of money, and those working capital-related outflows should reverse once the carmakers start producing and selling cars again. Even so, one lesson of Covid-19 is that companies need larger cash cushions. Until there’s a vaccine, there’s a risk that a second virus wave would trigger yet more industrial disruption.There’s no great urgency for Fiat and Peugeot to alter the terms of their union as the deal isn’t expected to close until early next year. The rationale for joining forces remains intact; the cost savings from working together look even more important now. But they should be thinking of ways to make the future company resilient.Structured as a 50-50 merger, Peugeot ended up paying a premium for boardroom control, as well as for the Italian company’s lucrative U.S. truck business — even though Peugeot shares had been valued more highly by the market. Some of the arguments for paying Fiat a sweetener remain valid: Peugeot’s reliance on the struggling European car market isn’t looking too attractive right now. But there are other ways to compensate Fiat shareholders. For example, Peugeot is due to spin off its 46% stake in parts supplier Faurecia SE to its shareholders as part of the original merger terms. This could be retained instead by the combined business.Without their Fiat dividends, the Agnellis will have less money to reinvest in new ventures. Right now, though, the car industry’s need is greater.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    REFILE-Fiat Chrysler/Peugeot deal in spotlight after Exor setbacks

    Fiat Chrysler's decision to scrap its dividend marks another setback for plans by the Agnelli family's Exor arm to raise cash after a $9 billion sale of its reinsurer unit PartnerRe collapsed this week. Fiat Chrysler (FCA) and French Peugeot owner PSA, which have agreed a tie-up to create the world's fourth largest carmaker, said late on Wednesday they were both withdrawing their annual dividend. Exor, led by Agnelli scion John Elkann and FCA's controlling shareholder with a 28.9% stake, will miss out on around 320 million euros in cash at a time when two deals to reshape its portfolio of businesses have either been scrapped or delayed.

  • Fiat Chrysler, Peugeot to withhold 2019 dividend payout
    Reuters

    Fiat Chrysler, Peugeot to withhold 2019 dividend payout

    Fiat Chrysler (FCA) and PSA, which have entered into a binding merger agreement to create the world's fourth largest carmaker, said in a joint statement on Wednesday that the decision was due to the impact of the COVID-19 pandemic. A 1.1 billion euro ($1.19 billion) ordinary dividend for both FCA and PSA was announced in December as part of the binding tie-up agreement between the two automakers. FCA and PSA said on Wednesday that preparations for their planned 50-50 merger were "advancing well", including with respect to antitrust and other regulatory filings.

  • Exclusive: Wuhan, recovering from virus, weighs policies to help hometown automaker Dongfeng
    Reuters

    Exclusive: Wuhan, recovering from virus, weighs policies to help hometown automaker Dongfeng

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  • Reuters

    French Finance Minister to hold new meetings with auto executives this week

    French Finance Minister Bruno Le Maire said on Monday that he would hold new meetings this week with representatives of the country's automotive industry, which has been hit hard by the impact of the coronavirus. Le Maire also told BFM Business radio that he regretted a decision by the CGT trade union to prevent a reopening of a Renault plant at Sandouville, just as the French government tries to get the country back to work as lockdown measures start to ease.

  • Reuters

    Fiat Chrysler resumes van production in Atessa, some other Italian operations

    Fiat Chrysler resumed van production on Monday at its Atessa plant in central Italy, a week before the country plans to start lifting a national lockdown put in place to limit the spread of the coronavirus. Italy has said it would allow factories and building sites to reopen from May 4 as it prepares a staged end to Europe's longest coronavirus lockdown. At the Atessa plant, all workers had their temperature tested at the entrance on Monday.

  • Reuters

    European carmakers restart production as coronavirus lockdowns ease

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  • Reuters

    Fiat Chrysler to restart van production at Atessa plant at 70% normal rate -union

    Fiat Chrysler (FCA) aims to restart van production at its Atessa joint venture plant in central Italy at 70% of the normal rate, a union representative told Reuters on Thursday. FCA and unions said on Tuesday that the carmaker planned to reopen the plant, which is a venture with France's PSA Group , on April 27, a week before a national lockdown imposed by Rome was due to end. Luca Manzi, from the UILM union, said FCA had informed unions that it planned to restart the plant at around 70% of its capacity, though he could not say precisely how many people would be back to work on Monday.

  • Peugeot-maker PSA says it's ready for plunging demand
    Reuters Videos

    Peugeot-maker PSA says it's ready for plunging demand

    The maker of Peugeot cars says it’s ready for a plunge in demand. PSA group says it has the funds to cope with a halving in auto industry sales this year. It's also sticking to profit margin targets. The news helped its shares buck a down day for stocks on Tuesday (April 21). Like rivals, the firm has shuttered plants as governments enforce lockdowns. With many dealerships also shut, sales have all but ground to a halt. PSA - which also makes Citroen, DS, Opel and Vauxhall vehicles - says 90% of staff are at least partially furloughed. But it aims to avoid taking any government-guaranteed loans. Any company that does take is likely to face pressure to scrap or trim dividends. And that could be contrary to the terms of PSA’s planned merger with Fiat-Chrysler. For the first quarter the French firm saw sales drop by over 15% to 16.3 billion dollars. Lockdowns only hit the last few weeks of the period though, meaning the next quarter could be worse. PSA says it now expects auto-sector sales to fall 25% in Europe this year.