Volvo to go fully electric by 2030

  • Swedish automaker, Volvo Cars (OTCPK:VOLAF) plans to phase out internal combustion engine vehicles, including hybrids, and only sell all-electric cars by the end of 2030.
  • "To remain successful, we need profitable growth. So instead of investing in a shrinking business, we choose to invest in the future – electric and online," said Håkan Samuelsson, chief executive. "We are fully focused on becoming a leader in the fast-growing premium electric segment."
  • Last year, the company launched its first fully electric car, the XC40 Recharge and later today the company will reveal its second fully electric car, a new model in the 40 Series.
  • By 2025, the automaker aims for 50% of its global sales to consist of fully electric cars, with the rest hybrids.
  • About 2.5M electric vehicles were sold worldwide last year and industry analyst IHS Markit forecasts that to increase by 70% in 2021.

    Volvo Fundamentals

    For this year the company, located in Goeteborg revenue will be around 380.75 billion SEK. This is according to the average of the analysts' estimates. This is quite more than 2020's revenue of 338.45 billion SEK.

    Historical revenues and results Volvo plus estimates 2020

    fundamantele data Volvo

    The analysts expect for 2021 a net profit of 28.94 billion SEK. According to most of the analysts the company will have a profit per share for this book year of 14.09 SEK. So the price/earnings-ratio equals 15.98.

    Analysts expect a dividend of 6.19 SEK per share. Volvo 's dividend yield thus equals 2.75 percent. The average dividend yield of the automobile producers is a moderate 1.36 percent.

    Based on the current number of outstanding shares Volvo 's market capitalization is 355.04 billion SEK. The Volvo stock was the past 12 months quite unstable. Since last March the stock is even 55 percent higher. This year the stock price moved between 95 and 227 SEK.

    Price data Volvo 2007-2021

    fundamental research volvo

    Click here for dividend Volvo. At 13.29 the stock trades 0.22 percent higher at 225.1 SEK.

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