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C2468, what part of ‘business turnaround’ don’t you get about AML? You bang on slating what they have or haven’t done and compare them to companies that are established in their positions and not in transition. Stroll has been in control for just a year. AML is in transition and all in the middle of the greatest pandemic man has faced in 100 years so do you really expect outstanding numbers here there and everywhere in 5 minutes?!!! What they have done in 12 months under the circumstances is fantastic IMO and things will only get better long term. You seem to have a very unhealthy obsession with talking AML down.
Best auto correct iv seen! And twice! Lol.
Unfortunately that job joke was only the 2nd best I heard today not the first.
Where is the last previous 5 year on year eps growth???
AGM? I thought your not a shareholder.
Ye go on invest your money in Ferrari get your measly 0.5% yield :D
Thanks for providing another graph which shows 5 years EPS growth year on year.
Probably best we stick to AML facts and figures so we don't bore everyone being off-topic....
I'll meet you at the AGM and you can decide where I work,. Ishi. Looking forward to it.
First time I have seen someone use trading economics for corporate stuff other than economics.
Check this one out.
Just to confirm are you based at Goldman Sachs or Morgan Stanley?
Click on 5 or 10 year graph time frame to prove my point, again, how many more independent websites do you want me to link to, to prove my point?
Another clueless, illiterate retail investor who goes off in a huff when challenged to show the evidence for their claims.
And oh ye I forgot to mention.
Of course they gave away a slice of the pie to Mercedes.
At least this way it’s in the big OEM’s BEST INTEREST for AML to do well because then they get a huge pay day too. Mhm well isn’t that smart.
And obviously the granted share price is already way lower than the one today therefore Mercedes board are pretty happy already. But obviously I ll let you figure the maths out. It’s one of your strengths.
Ye well you know, yahoo articles are just cr*p.
First it was good if you to look up all the terms so you could refresh your memory.
I once read a yahoo article where the stated P/E ratio was no where the actual one.
Get your figures from a broker that is trustworthy. Or a website that is. I couldn’t care less.
If you would bother to calculate it yourself you would find that their eps is not 23% positive growth year on year. But I will let you do that cause I have better things to do than teaching multiplication.
"Where is the 23% year on year eps growth???
I only see a tiny small dividend yield on Ferrari Race"
What? You do know the definitions of EPS growth and dividend/earnings yield don’t you?
-EPS is the bottom-line measure of a company’s profitability (net income divided by no of shares)
-P/E ratio is stock price divided by earnings per share (EPS)
-Earnings yield is EPS divided by the stock price
For proof of 23% EPS growth, year on year for 5 years in a row.
"unfortunately ferrari s eps topped in 2018.
Since then it has been on a decline.”
There was a pandemic last year! Their revenue dropped 10% in 2020, which isn’t bad at all. How much did AML’s drop?
"Having a large manufacturer like Mercedes adds huge benefits in the long term.”
What benefits are they Ishi? Be exactly and specific please.
You do know AML gave away 20% of the company to Merc, just so they could BUY all the parts they need from them, don’t you?
"Here is my reason, it’s in Lehman’s terms"
"The capital raises through the share price were successful. It means investors with money trust the people behind the brand to pull their weight and deliver. And guess what the share price increased even with dilution."
Google Asprey & Garrard, Stroll managed to lose hundreds of millions and make them insolvent.
The AML SP rose because Stroll, his mates, bondholders and PIs ploughed hundreds of millions of pounds into AML, reducing the risk of immediate bankruptcy. That’s the only reason they have £500m cash on the balance sheet and the SP doubled.
The easy part is convincing other rich folk to invest in a company they are also bondholders in. Bondholders make 15% per annum, roughly doubling their money in 5 years. Who would say no to that with 1.3bn collateral?
Now they have to sell some cars, which doesn’t look to be going too well right now, especially with regard to DBX.
If the DBX doesn’t sell well, I can’t see many of his ‘mates’ investing more cash into the company.
Luxury good companies all have PE ratios similar to Ferrari. I was asking you to explain why you think Ferrari are expensive and AML cheap, which you have still to do.
I know your a Ferrari fan, unfortunately ferrari s eps topped in 2018.
Since then it has been on a decline.
Also I think you over looked the fact of transition to EV’s.
Where are their electric car plans? Are they planing to operate their ice cars via electricity ??
All I see before me is a brand image and something that was very great 10 years ago. But unfortunately who will want an electric silent Ferrari. It doesn’t fit in their brand.
Who is gonna pay for all that investment?
They have their own foundry, press shop, cast their own engines. What will happen to all that when the ice car dies??
I think it’s smth to think about.
Having a large manufacturer like Mercedes adds huge benefits in the long term.
Actually you never know, maybe the reason they are selling fewer dbx s in Germany is because all of it is going to China. :D unfortunetaly se E.ON-t know Till may, unless someone knows how to get china’s car registrations .
Ishi99, nice to have someone like you talking sence on this board. Don't let the haters get you down.
Why did you post this?
It says he isn’t cash strapped.
Where is the 23% year on year eps growth???
I only see a tiny small dividend yield on Ferrari Race
And a high price, a lot better shares out there then that. My sales figures for Ferrari over the last 3 years are stated on previous posts.
And in terms of debt, It doesn’t bother
Here is my reason, it’s in Lehman’s terms:
The capital raises through the share price were successful. It means investors with money trust the people behind the brand to pull their weight and deliver. And guess what the share price increased even with dilution.
Here is why Race is not a good investment :
If Ferrari messes up and sales slump, the share price will take a hit. It will be a big one as it’s overvalued.
Not Apple, Microsoft or any big tech company has such a valuation.
The closest thing to the same industry and valuation is Tesla. The two companies only have two things in common they both make cars, and they are both priced either insanely or with very high forward expectations.
Rob why so quick-tempered? We also question and don't just believe what Stroll tells us, do you understand Rob?
Ferrari has net debt worth just 4.1% of its market cap.
AML's is around 56%.
That's the only hint you're getting for your calculations. ;)
PS Still waiting on your maths to show how Ferrari are expensive and AML cheap.
You told me not to compare AML to other brands, then when I supply a link showing Stroll makes that exact comparison, you're cool with it again.
A high PE shows investors are happier with with future growth prospects than other companies, it has grown its earnings per share by 23% per year over the last five years. It makes a shed-load of money and the chances of that stopping are very slim.
So, looking forward to your calculations as to how they are expensive.....
Bentley have 2 models and sold 142 cars. AML have many models and only sold 116.
The Bentayga sales were almost double the DBX sales.
So if, as you say, Bentley's numbers were "not great", what does that make Aston's?
I'll say it again, AML bet the farm on the DBX, building a whole new factory at massive expensive for it. Paying £150 million per annum in bond interest because of it.
Now the workforce is returning from Furlough, wages need to be paid, and if the DBX aint selling they are in real trouble.
To be fair, I don’t understand why AML didn’t list in the USA on NYSE exchange. Lol
It seems anything that lists there gets a great start, no matter how loss making, and anything that lists in London is a total flop.
And of course stroll is comparing AML to Ferrari. Anyone smart would do it. Why would you compare it to VW or BMW.
He is trying to get interest in the brand and therefore sales.
But I do agree with you on 1 thing. AML will never be Ferrari. But I never said that they will be. All I am trying to point out is this will be a success in its own niche if the management are able to deliver and get a profitable business. And like everyone who invests we are here to make money.
So I don’t want to go on and on and on.... everyone has their own views.
My view is that there is an opportunity to get something out of this share price in next 1-3 years if things go the right way.
Sorry I made an error I wanted to say “wouldn’t call it great” when I was referring to Bentleys performance.
As I said I didn’t look at other carmakers.
Although now we are in it, do check how many cars Bentley has sold in total of Q1 in Germany. It’s on the spreadsheet. I would call it great.
Let’s look at the italy stock exchange ye.
Look Ferrari when listed 2017 had a mrkt cap of 17billion euros. That has now gotten to 37billion euros. Their P/E ratio is apparently over 50.
But what is interesting is 2017 sales were over 8000 units. 2019 sales over 10000. In 2020 their sales fell to 9100 vehicles.
Yet it’s share price hit an all time high.
With low levels of future growth potential in terms of sales because they want to stay exclusive.
Forgive me, but the numbers don’t add up.
Just shows how much potential is out there guys and by the looks of it we have started to gain some of it.
It's Stroll who constantly compares us to Ferrari, hence why I made the comparison from the link YOU posted.
I said the Roma would far outsell the Vantage.
Also, if AML don't get close to selling 10,000 cars in 2025 they be liquidated before then, and Merc pick the brand name up for peanuts.
If you hear of the plan to get us to 10,000 sales per annum, please let me know, all I can see is Stroll promising and not telling anything about the detail.
My data was all from the link you posted, Ishi.
"Their valuation is insane"...
Do you think Ferrari shares are expensive at €170 per share and because AML are £20, they are cheaper? Ferrari's NET profit of £534 Million in a BAD year, beating every expectation on every metric and you think the valuation is high? Wow.
Please show us your calculations for this, most intrigued.
Asking this before I go any further.