Dr. Ing. h.c. F. Porsche AG (P911.HM)

Dr. Ing. h.c. F. Porsche AG (P911.HM) — VMCI valuation read

Dr. Ing. h.c. F. Porsche AG sits at VMCI 51/100, with the Consumer Cyclical sector median at 50. That 1-point spread is the first thing to note on P911.HM: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on P911.HM are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on P911.HM: P911.HM trades at 22.0x earnings, 22% above the Consumer Cyclical median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 16.0% sits 6.0pp above the Consumer Cyclical median (10.0%). The Risk read: net debt to EBITDA of 0.6x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

P911.HM fell 3.7% over the trailing 7 days, with a -12.1% read on a 30-day basis.