UG.PA - Peugeot S.A.

Paris - Paris Delayed Price. Currency in EUR
14.23
-0.19 (-1.28%)
As of 10:32AM CEST. Market open.
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close14.41
Open13.86
Bid0.00 x 0
Ask0.00 x 0
Day's Range13.61 - 14.27
52 Week Range8.88 - 27.06
Volume1,580,662
Avg. Volume5,027,461
Market Cap12.715B
Beta (5Y Monthly)N/A
PE Ratio (TTM)4.21
EPS (TTM)N/A
Earnings DateJul 28, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est24.75
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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    • Moody's

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      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

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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

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    • Fiat Chrysler, Peugeot to withhold 2019 dividend payout
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      Fiat Chrysler to restart van production at Atessa plant at 70% normal rate -union

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    • 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.

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      Reuters

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    • Reuters

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