Aston Martin remains vulnerable to further shocks in the US, but we expect the risks to be receding for now. The potential impact on
Read MoreWhen equity has fallen so significantly, paying more cash becomes inevitable to attract the best senior executives and
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Q1 was as weak as the guidance given in the FY results. We are not changing our FY forecasts yet but will update after the 0830 analyst webcast. Volumes were
Read MoreAs tariffs continue to influence market dynamics, we've taken a comprehensive look across our coverage to highlight the names most likely to be affected. For full transparency, we've also included those that remain unaffected—it's just as important to understand where the impact isn't being felt.
The idea here is
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Yew Tree is contemplating taking its stake in AML as high as 35%, which would require approval from the rest of the shareholders not to seek a
Read MoreRaising an additional £125m in cash will plug any hole in Aston’s liquidity before it emerges. The sale of the minority stake in the
Read MoreAttracting a CEO from Bentley is a coup for Aston Martin (AML) and underlines the transition from a turnaround story. We saw Amedeo Felisa as an
Read MoreThe coupon for AML’s refinance will irritate Lawrence Stroll, but getting the deal away successfully allows management to focus on
Read MoreWith coupon guided at 10%+ on the $, the fall in cash interest from the refinancing will be modest. The company is expecting to be free cash flow
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Despite a strong 2022 comp, AML beat our Q4 expectations for Revenue and Adjusted EBITDA. The weaker-than-expected operational cash flow resulted from a
Read MoreWe have been expecting Aston Martin (AML) to refinance its debt stack in 2024, and the company is moving towards that. We do not expect
Read MoreThat Aston Martin is starting to look for a new CEO is no surprise. When Amedeo Felisa stepped up from Non-Exec to CEO, we said he was not a
Read MoreThe shelving of the Vanquish will not impact the rollout of the new DBS and Vantage models. Just like the decision to buy an electric powertrain rather than
Read MoreThe increase in Saudi PIFs overall stake in Aston Martin (AML) is mainly cosmetic from a creditor’s perspective. However, the confidence shown in
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Please find our slightly updated analysis here.
Aston Martin (AML) cut its 2023 volume target after production issues arose in the new DB12. Volume guidance for 2023 is now close to our original
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Revenue and volumes were light relative to our expectations, and AML has reduced its volume target for 2023. AML experienced problems ramping up
Read MoreGiven we expect Geely will eventually buy Aston Martin, the increase in the Yew Tree stake was likely already discussed. It may have been an error
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