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AML Aston Martin Lagonda Global Holdings Plc

104.30
2.90 (2.86%)
Last Updated: 08:36:02
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Aston Martin Lagonda Global Holdings Plc LSE:AML London Ordinary Share GB00BN7CG237 ORD GBP0.10
  Price Change % Change Share Price Shares Traded Last Trade
  2.90 2.86% 104.30 309,112 08:36:02
Bid Price Offer Price High Price Low Price Open Price
103.50 103.90 105.40 101.00 101.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Vehicles & Car Bodies 1.63B -228.1M -0.2765 -3.76 836.58M
Last Trade Time Trade Type Trade Size Trade Price Currency
08:37:56 O 20 103.778 GBX

Aston Martin Lagonda Glo... (AML) Latest News

Aston Martin Lagonda Glo... (AML) Discussions and Chat

Aston Martin Lagonda Glo... Forums and Chat

Date Time Title Posts
20/11/202420:29Aston Martin12,361
16/6/202217:37WHITEGHOST53
20/10/202117:53Anyone else got Aston Martin bonds on PrimaryBid?1
07/10/202116:33AML: Stock Control Panel2
16/9/202018:16WHITEGHOST15

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Aston Martin Lagonda Glo... (AML) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:37:56103.782020.76O
08:37:00103.503031.05O
08:35:37104.301010.43O
08:34:54104.051,9051,982.08O
08:34:42104.206466.69O

Aston Martin Lagonda Glo... (AML) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 by Aston Martin Lagonda Glo... Daily Update
Aston Martin Lagonda Global Holdings Plc is listed in the Motor Vehicles & Car Bodies sector of the London Stock Exchange with ticker AML. The last closing price for Aston Martin Lagonda Glo... was 101.40p.
Aston Martin Lagonda Glo... currently has 825,025,531 shares in issue. The market capitalisation of Aston Martin Lagonda Glo... is £836,575,888.
Aston Martin Lagonda Glo... has a price to earnings ratio (PE ratio) of -3.67.
This morning AML shares opened at 101.40p
Posted at 12/11/2024 16:29 by swiss tony
Where you at Albert? What's the AI telling you now?

If I had a pound for every idiot predicting share price movements on a share BB...
Another charlatan exposed.
Posted at 28/10/2024 09:15 by swiss tony
That's the difference, I am not here for followers. Followers are sheep who can't think for themselves. The people you prey on to make money.

How much cash do AML have left Albert?
Are suppliers now refusing to supply AML with parts because of non-payment?
Will they need to issue a second profit warning like most other car companies who raised prices in a slowing macro environment?
How are they going to pay the £60m debt interest payment in Q4 when they are running out of cash right now?

I look forward to your answers.
Posted at 27/10/2024 10:51 by swiss tony
There you have it folks, someone honestly thinks shorts increasing are good for the share price.
What if they keep increasing, and then there's a cash raise? What does your code say then?
It gave 5 different outcomes a few days ago, ALL of them were the share price increasing quite substantially.
If investing was as easy as writing stupid code to get an outcome you want, then everyone would be billionaires.

Snake oil salesman, nothing else.
Posted at 04/10/2024 09:24 by swiss tony
5 years ago investors put money in at obscene levels.
AML is down 98% since IPO.
Many investors think they are buying in at the bottom, only for it to fall further, as there is dilution around every corner.
No-one is buying until after the company has enough cash as a going concern.

The market now doubts AML can ever be profitable. Doesn't matter who is running it.
Posted at 02/10/2024 08:34 by swiss tony
Your risk management is disciplined, yet you want to buy shares in a company who just issued a profit warning 5 months before the year end, are running out of cash at alarming rates and there is no support in the share price whatsoever?

If someone takes this private, you'll never get your money back.
Posted at 21/9/2024 06:17 by waldron
AML

Projected Stock Price

244.29 GBX ↑44.55%

Estimated share price by 26 August 2025.
Projected Revenue

322 MM ↓-4.11%

Estimated quarterly revenue by 31 December 2024.
Projected Earnings Per Share

-0.11 ↓-29.38%

Estimated quarterly earnings by 31 December 2024.
Price Target

The average one-year price target for Aston Martin Lagonda Global Holdings plc is 244.29 GBX. The forecasts range from a low of 136.35 GBX to a high of 408.45 GBX.

A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.

To come up with their price target, an analyst must first determine the stock’s fair value. A common way that analysts calculate the price target for a stock is by creating a multiple of the price-to-earnings ratio. To calculate this, analysts will multiply the market price by the company’s trailing 12-month earnings.

For a company with a 12-month earnings growth rate of 10 percent and a stock that is trading at $30, the multiplier would be 1.10. Based on this information, a possible price target would be:


1.10 x 30 = $33.

Fintel price targets are generated from a collection of forecasts made by different analysts. We provide the high, low, average, and median values for the stock.

Update Frequency: Monthly

Source: Fintel.io
Posted at 04/6/2024 13:32 by chesil356
Look to the future, this is about what Aston will be worth 2025-2026 for any long term investor.

I'm predicting a share price at least twice the current price you are predicting a share price i think of 75p if I remember that right? I'm patient enough to wait and see who is right.
Posted at 20/1/2024 07:05 by swiss tony
Share prices don't rise when you meet already reduced sales targets Chesil.

All these new cars cost money, can't wait to see their cash balance at next results, not long to go now.
Low cash means another meaningful raise like last year is required. That was a 4-1 placing with near 70% dilution.
Share price sunk from £4.20 to 89p.
At the current share price of £1.90, the equivalent raise would see us under 50p.
Posted at 20/10/2023 08:41 by time for common sense
Why We're Not Concerned Yet About Aston Martin Lagonda Global Holdings plc's (LON:AML) 27% Share Price PlungeThe Aston Martin Lagonda Global Holdings plc (LON:AML) share price has fared very poorly over the last month, falling by a substantial 27%. The good news is that in the last year, the stock has shone bright like a diamond, gaining 169%. Even after such a large drop in price, you could still be forgiven for thinking Aston Martin Lagonda Global Holdings is a stock not worth researching with a price-to-sales ratios (or "P/S") of 1.3x, considering almost half the companies in the United Kingdom's Auto industry have P/S ratios below 0.4x. However, the P/S might be high for a reason and it requires further investigation to determine if it's justified. Aston Martin Lagonda Global Holdings Has Been PerformingAston Martin Lagonda Global Holdings certainly has been doing a good job lately as it's been growing revenue more than most other companies. It seems the market expects this form will continue into the future, hence the elevated P/S ratio. If not, then existing shareholders might be a little nervous about the viability of the share price. Do Revenue Forecasts Match The High P/S Ratio?Aston Martin Lagonda Global Holdings' P/S ratio would be typical for a company that's expected to deliver solid growth, and importantly, perform better than the industry. Taking a look back first, we see that the company grew revenue by an impressive 33% last year. Pleasingly, revenue has also lifted 111% in aggregate from three years ago, thanks to the last 12 months of growth. Accordingly, shareholders would have definitely welcomed those medium-term rates of revenue growth. Looking ahead now, revenue is anticipated to climb by 11% per annum during the coming three years according to the nine analysts following the company. With the industry only predicted to deliver 3.8% per year, the company is positioned for a stronger revenue result. In light of this, it's understandable that Aston Martin Lagonda Global Holdings' P/S sits above the majority of other companies. It seems most investors are expecting this strong future growth and are willing to pay more for the stock. What Does Aston Martin Lagonda Global Holdings' P/S Mean For Investors?Despite the recent share price weakness, Aston Martin Lagonda Global Holdings' P/S remains higher than most other companies in the industry. While the price-to-sales ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of revenue expectations. Our look into Aston Martin Lagonda Global Holdings shows that its P/S ratio remains high on the merit of its strong future revenues. Right now shareholders are comfortable with the P/S as they are quite confident future revenues aren't under threat. Unless these conditions change, they will continue to provide strong support to the share price.
Posted at 07/8/2023 16:09 by chesil356
Moody's changes Aston Martin's outlook to positive from stable; Caa1 ratings affirmed
Rating Action
|
8 min read
07 Aug 2023
Moody's Investors Service
London, August 07, 2023 -- Moody's Investors Service (Moody's) has today changed Aston Martin Lagonda Global Holdings plc's (AML, Aston Martin or the company) outlook to positive from stable. Concurrently, Moody's has affirmed AML's Caa1 corporate family rating (CFR) and Caa1-PD probability of default rating (PDR), and the Caa1 instrument rating of the backed senior secured first-lien notes due November 2025 issued by Aston Martin Capital Holdings Limited.

A full list of affected ratings can be found towards the end of this press release.

RATINGS RATIONALE

The affirmation of AML's ratings and the outlook change to positive from stable reflects the company's improving operating performance in the first half of 2023, which Moody's expects to be sustained over the next 18 months on the back of the company's ongoing launch of the next generation sports cars. The rating action further reflects AML's recently completed placing of £210 million of new shares and its plan to use the proceeds mostly for the early redemption of its second-lien notes with a face value of around £186 million. The planned repayment of the second-lien notes is evidence of a more balanced financial policy which includes the accelerated target to achieve a company-adjusted net leverage of around 1.0x by 2024-25.

Moody's forecasts AML to achieve strong revenue growth of about 15% to £1.6 billion revenue in 2023, and a further 25% increase in 2024 to reach close to its £2 billion revenue ambition. The recently launched and well-received DB12, the additional new model launches planned for the next 12 months, as well as the continued success of its DBX should support strong volume growth over the next 18 months, and Moody's forecasts wholesales to exceed 8,000 units by the end of 2024. While volume growth is considered a key driver to achieve its revenue and EBITDA targets, Moody's understands that AML no longer has specific volume targets. Instead the company focuses on increasing its average selling price (ASP) and achieving a gross margin of above 40% for new models launched to drive its revenue and EBITDA growth.

Based on the assumptions of higher volumes and an ASP exceeding £220k in 2023 and trend towards £230k in 2024, Moody's forecasts AML's Moody's-adjusted EBITDA (adjusted for capitalised development cost) to turn positive and reach just over £100 million in 2024. In combination with the redemption of the second-lien notes, which will reduce the company's Moody's-adjusted debt by around 13% to £1.1 billion, Moody's expects AML's adjusted leverage to decrease towards 10x by year-end 31 December 2024.

Furthermore, Moody's forecasts AML's adjusted free cash flow to improve to around break-even in 2024, after remaining substantially negative by about £200 million in 2023. This improvement is supported by a significantly higher EBITDA and an estimated £12 million decrease in interest expenses following the planned debt repayment.

Considering the anticipated improvements in the company's cash generation from 2024 onwards, and its £400 million cash position at the end of June 2023, Moody's does not expect AML to require additional debt or equity funding over the next two years. If AML is able to also refinance the $1.155 billion of backed senior secured first-lien notes well ahead of their maturity in November 2025, and simultaneously extend its revolving credit facility (RCF) due August 2025, Moody's would view the company's capital structure as sustainable which could support a rating improvement.

ESG CONSIDERATIONS

AML's ratings also reflect a number of environmental, social and governance (ESG) considerations that are inherent to the automotive industry. This includes higher environmental standards, stricter emission regulations and electrification; autonomous driving and connectivity; increasing vehicle safety regulations; and the entry of new market participants. In line with the company's guidance to invest £2 billion over five years, including technology access fees, Moody's expects AML as well as its peers to continue to require sizeable investments to cope with these challenges, which will continue to constrain free cash flows in the coming years.

RATING OUTLOOK

The positive outlook reflects Moody's expectation that AML's credit metrics will notably improve over the next 12-18 months, supported by strong revenue and EBITDA growth, fuelled by multiple new model launches and a substantial order book. The outlook further assumes that AML will follow a more balanced financial policy with a clear focus on deleveraging whilst maintaining an adequate liquidity.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Upward pressure on the rating could materialise if AML 's successfully completes the launch and commences deliveries of its next generation sports cars, and as such continues to improve its average wholesale price and grow its revenue. It would also require Moody's-adjusted free cash flow to sustainably improve to around break-even, liquidity to remain at least adequate, Moody's-adjusted Debt/EBITDA to improve towards 7.0x on a sustained basis, and the Moody's-adjusted EBITA margin to turn sustainably positive.

The rating is currently strongly positioned, as expressed by the positive outlook, as a result of which limited negative rating pressure is expected. However, downward pressure on the rating could develop if AML fails to further improve its profitability, leverage remains very high or free cash flow continues to be substantially negative. A weakening in AML's liquidity profile or an increase in debt would also put pressure on the rating.

LIQUIDITY ANALYSIS

Moody's considers AML's liquidity to be adequate. As of 30 June 2023, the company had £400 million of cash on the balance sheet and access to its £90.6 million RCF due in August 2025, which was drawn down by £29 million. In addition, the company has an inventory repurchase programme in place. AML's RCF is subject to a springing net leverage covenant which is tested when the facility is drawn by more than 40% and Moody's expects the company to maintain sufficient headroom going forward as it continues to reduce its leverage as defined by the covenant.

Moody's forecasts AML's free cash flow (Moody's-adjusted) to be marginally positive in the second half of 2023, following an outflow of around £230 million in the first half of the year, and to be close to break-even in financial year 2024. As such Moody's expects AML's liquidity to remain adequate over the next 12-18 months, and to improve further through free cash flow generation beyond 2024.

STRUCTURAL CONSIDERATIONS

The Caa1 rating of the backed senior secured first-lien notes due in November 2025 ranks in line with the Caa1 CFR, despite the priority position of the £90.6 million super senior RCF and because of its relatively small size compared to the $1.155 billion of backed senior secured first-lien notes. Both the first- and second-lien notes, the latter expected to be repaid, have been issued by Aston Martin Capital Holdings Limited, while the RCF was issued by Aston Martin Lagonda Limited.

The shared security and guarantee package for the notes and RCF cover 79% of AML's revenue and 113% of AML's assets, and includes the main factory in Gaydon and significant intellectual property. Other debt includes various working capital financing arrangements and some smaller debt facilities
Aston Martin Lagonda Glo... share price data is direct from the London Stock Exchange

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