The Discounted Cash Flow (DCF) valuation of Stellantis NV (STLA.MI) is 64.37 EUR. With the latest stock price at 16.55 EUR, the upside of Stellantis NV based on DCF is 289.1%.

Is STLA.MI a buy or a sell?

Based on the latest price of 16.55 EUR and our DCF valuation, Stellantis NV (STLA.MI) is a buy. Buying STLA.MI stocks now will result in a potential gain of 289.1%.

	Range	Selected
WACC / Discount Rate	9.9% - 12.6%	11.2%
Long-term Growth Rate	0.0% - 1.0%	0.5%
Fair Price	56.91 - 74.92	64.37
Upside	244.0% - 352.8%	289.1%

16.55 EUR

Stock Price

64.37 EUR

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

STLA.MI DCF Valuation: Revenue & Expenses Forecast

(EUR in millions)		Projections

	12-2022	12-2023	12-2024	12-2025	12-2026	12-2027

Revenue	179,592	174,278	182,415	189,126	200,832	204,849
% Growth	20%	-3%	5%	4%	6%	2%

Cost of goods sold	(143,565)	(139,317)	(145,821)	(151,186)	(160,544)	(163,755)
% of Revenue	80%	80%	80%	80%	80%	80%

Selling, G&A expenses	(8,981)	(8,715)	(9,122)	(9,458)	(10,043)	(10,244)
% of Revenue	5%	5%	5%	5%	5%	5%

Research & Development	(3,233)	(3,137)	(3,284)	(3,405)	(3,615)	(3,688)
% of Revenue	2%	2%	2%	2%	2%	2%

Net interest & other expenses	(4,569)	(4,434)	(4,641)	(4,812)	(5,109)	(5,212)
% of Revenue	3%	3%	3%	3%	3%	3%

Tax expense	(2,729)	(2,648)	(2,772)	(2,874)	(3,052)	(3,113)
Tax rate	14%	14%	14%	14%	14%	14%

Net profit	16,515	16,026	16,775	17,392	18,468	18,838
% Margin	9%	9%	9%	9%	9%	9%