Stellantis's market cap, dividends, sales and earnings in 2020

  •   DEHOUI Lionel

In January 2021, the Stellantis Group was created by the merger of the two car manufacturers "FCA and PSA". This merger of the two companies created the fourth largest automotive group in the world. In addition, for the last time, the two companies announced their annual results for the financial year 2020 separately. Here are the key points to remember about their performance for the year.

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Stellantis's market cap, dividends, sales and earnings in 2020
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FCA's 2020 annual results

Like many companies in 2020, FCA Group's business was also disrupted by the Covid-19 pandemic. However, it managed to limit the impact of the crisis on its financial results.

 

A record fourth quarter

Despite the impact of the Covid-19 health crisis on its business, the FCA Group (Fiat Chrysler Automobiles) reported record results in the fourth quarter of 2020. For the period as a whole, the company's adjusted Ebit reached 2.3 billion euros. In North America, the figure was €2.2 billion for the quarter.

In Q4-2020, the carmaker recorded a margin of 8.2%. In North America, it was 11.6% in the last quarter of 2020. It should be noted that the group's activity showed very strong growth in all regions. At the end of the quarter, the company recorded a solid industrial free cash flow of EUR 3.9 billion.

 

Performance of financial indicators in 2020

The FCA Group showed good resilience in the face of the health crisis. This has enabled it to record solid results for the 2020 financial year. During this year, the Italian-American carmaker has performed very well in North America. This is what helped the company to remain in the black in 2020.

Over the twelve months of this financial year, the company's volumes fell by 22.2% to 3.43 million units. Vehicle sales were down 17.7% to 2.05 million units in North America. In the Europe, Middle East and Africa region, the group saw car sales fall by 18.3%.

As a result, FCA's turnover fell by 20% year-on-year to 87 billion euros in 2020. For the year as a whole, the group recorded a loss in almost every region of the world except North America.

In 2020, the company's adjusted Ebit is expected to be EUR 3.7 billion with a margin of 4.3%. In North America alone, it reached EUR 5.3 billion. For the year under review, the company generated a positive net profit of EUR 24 million, compared to EUR 2.7 billion a year earlier.

2.7 billion a year earlier. The group's adjusted net profit in 2020 was €1.9 billion. The industrial free cash flow is positive at 0.6 billion euros.

 

PSA's 2020 annual results

PSA's 2020 results illustrate the group's resilience in the face of the Covid-19 health crisis. The company is one of the few players in the automotive sector to have remained in the black in H1-2020.

 

Overall performance in 2020

For the whole of 2020, the PSA group saw its volumes fall by 27.8%. 60.7 billion, down 18.7% year-on-year. The Automotive Division's operating margin reached 7.1% at EUR 3.4 billion in the year under review. This performance was driven by the company's cost saving efforts.

In addition, in H2-2020, the automotive markets recovered strongly. Over this period, the margin increased by a remarkable 9.4%. It thus reached a record level compared to 2019 (8.5%) and 2018 (7.6%). The company's current operating margin stands at 6.1% at EUR 3.7 billion in 2020.

For the 2020 financial year, the manufacturer recorded a net profit, group share of €2.2 billion, down 32.1%. 2.2 billion, down 32.1%. Free cash flow for the Automotive business will be €2.7 billion in 2020. At the end of the year, the net financial position of the Automotive division was €13.2 billion.

 

Decline in vehicle sales in 2020

The coronavirus health crisis affected vehicle sales in 2020. For the year as a whole, PSA sold 2.51 million vehicles, compared to 3.48 million in the previous year. This represents a 27.8% year-on-year decline. However, the group maintained its prices to remain profitable.

In more detail, the company sold 2.12 million vehicles in Europe (in 2020), a fall of 29.7%. In Latin America, car sales also fell by 29.7% with 95,000 units reported. The downward trend in vehicle sales is most pronounced in China, where sales fell by 57.7% to 46,000 units.

On the other hand, the group recorded a 20% growth in vehicle sales in the Middle East & Africa region. It sold 197,000 cars in 2020 in this area. In addition, the former parent company of Peugeot, Citroën, DS, Opel, and Vauxhall, managed to meet its CO2 emission targets (imposed by the CAFE standard) during this year. This was helped in particular by a remarkable increase in sales of electric vehicles.

 

Stellantis' turnover in 2020

Stellantis' 2020 turnover is the combined turnover of the FCA and PSA groups for this year. By adding the performance of these two companies, the number of vehicles sold by the new Stellantis group (worldwide in 2020) reaches 5.95 million.

As a result, its turnover for the whole of the 2020 financial year amounts to 134.4 billion euros. 7.1 billion for the year.

 

Stellantis' dividend and market capitalisation

In view of the strong results recorded for the year 2020, the new Stellantis group has planned to pay a dividend of EUR 1 billion to the company's shareholders for this year's financial year. This corresponds to 0.32 euro per share.  

Stellantis shares are listed on the Paris and Milan stock exchanges, as well as on the New York Stock Exchange. As of January 2021, its market capitalisation is estimated to be around EUR 42 billion.

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