Image Source: PexelsAs part of our ongoing series, we will focus on one of the stocks from our stock screeners, and take a look at why it’s a ‘buy’ based on key fundamentals. One of the cheapest stocks in our stock screeners is: Stellantis NV.
Stellantis NV (STLA)
Stellantis NV was formed on Jan. 16, 2021, from the merger of Fiat Chrysler Automobiles and PSA Group. The combination of the two companies created the world’s fifth-largest automaker, with 14 automobile brands.In 2023, pro forma Stellantis had sales volume of 6.2 million vehicles and EUR189.5 billion in revenue, albeit affected by the microchip shortage. Europe is Stellantis’ largest market, accounting for 44% of 2023 global volume, while North America and South America were 29% and 15%, respectively.A quick look at the share price history (below) over the past twelve months shows that the price has moved up 11.67%. Here is a brief look at why the company is undervalued.Source: Google Finance
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