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Aston Martin Lagonda Global Holdings plc
(LSE:AML)
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Rating:48Neutral
Price Target:
37.00 p
▲(6.57% Upside)
Action:Reiterated
Date:10/14/26
The score is held down primarily by weak financial fundamentals—ongoing losses, high leverage, and negative free cash flow. Technicals show improving near-term momentum but the longer-term trend remains challenged, while valuation is constrained by losses and no dividend. Earnings-call commentary is mixed: guidance and operational improvements are positive, but balance-sheet and financing-cost risks remain significant.
Positive Factors
Revenue and product-mix growth
Strong revenue and wholesale growth, combined with a larger Specials contribution, indicates improving demand and product mix. The Valhalla launch is increasing average selling prices and may support a more profitable revenue base as deliveries scale through the remainder of 2026.
Negative Factors
High and rising leverage
High leverage and a shrinking equity cushion leave Aston Martin financially sensitive to weaker demand, execution delays, or higher funding costs. Debt service can absorb cash that would otherwise support product investment, making the turnaround more dependent on sustained operational improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and product-mix growth
Strong revenue and wholesale growth, combined with a larger Specials contribution, indicates improving demand and product mix. The Valhalla launch is increasing average selling prices and may support a more profitable revenue base as deliveries scale through the remainder of 2026.
Read all positive factors
Aston Martin Lagonda Global Holdings plc (AML) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£355.77M
Dividend YieldN/A
Average Volume (3M)2.45M
Price to Earnings (P/E)―
Beta (1Y)0.62
Revenue Growth-0.24%
EPS Growth-68.68%
CountryUK
Employees2,807
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-0.63
Shares Outstanding1,015,315,300
10 Day Avg. Volume2,197,577
30 Day Avg. Volume2,448,015
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)1.97
Price to Sales (P/S)0.50
P/FCF Ratio-4.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£43.17Price Target Upside24.33% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)-0.25
Revenue Forecast (FY)£1.51B
Aston Martin Lagonda Global Holdings plc Business Overview & Revenue Model
Company Description
Aston Martin Lagonda Global Holdings plc is a global enterprise renowned for the design, engineering, production, promotion, and sale of premium sports cars, primarily under its iconic Aston Martin and Lagonda brands. Its business activities exten...
How the Company Makes Money
AML primarily makes money by selling luxury vehicles to customers through its global dealer network and, in some cases, directly to end customers (depending on market structure). The core revenue stream is the wholesale and retail-related income a...
Aston Martin Lagonda Global Holdings plc Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Neutral
The call presents a clear improvement trajectory: strong top-line growth (revenue +38%), significant gross profit expansion (+68%), volume gains (+21% wholesales) and a successful high-margin Specials launch (Valhalla). Cash generation and margins are moving in the right direction and liquidity was materially strengthened with a GBP 550m financing. However, meaningful challenges remain: the company is still loss-making at adjusted EBIT, leverage is high (adjusted net leverage ~8.9x), net financing costs jumped materially, free cash flow remains an outflow (though improved), and core ASP/aged stock issues persist and delayed into H2. Overall, the results are a mixture of strong operational and product successes tempered by financial and balance sheet constraints; positives and negatives are roughly balanced.Positive Updates
Strong Revenue Growth
Revenue for H1 2026 reached GBP 629 million, up 38% year-over-year, driven by higher wholesales and a stronger Specials mix (notably Valhalla).
Negative Updates
Adjusted EBIT Still Negative
Despite improvement, the company remains loss-making on an adjusted EBIT basis with a GBP 109 million loss in H1 2026.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Revenue Growth
Revenue for H1 2026 reached GBP 629 million, up 38% year-over-year, driven by higher wholesales and a stronger Specials mix (notably Valhalla).
Read all positive updates
Company Guidance
Management reconfirmed full‑year 2026 guidance, expecting a material improvement vs 2025 driven by product mix and transformation benefits: H1 wholesales were 2,331 (+21% YoY) with revenue GBP 629m (+38%) and total ASP GBP 241k (+17%); over 220 Valhallas were delivered in H1 and management expects ~500 Valhalla deliveries for the year (Specials 10% of mix vs 1% prior year), core ASP was -5% in H1 but is guided toward +5% for the full year, gross profit rose to GBP 213m (+68%) and gross margin improved to 34% (targeting high‑30s for FY), adjusted EBIT loss narrowed to GBP 109m (10% improvement), D&A rose 45% to GBP 172m, free cash flow outflow narrowed to GBP 198m (vs GBP 321m prior year) with material FY improvement expected (free cash flow excluding Q2 net cash interest of GBP 73m approached breakeven), H1 capex was GBP 120m (down GBP 50m YoY), pro‑forma liquidity is ~GBP 340m after a GBP 550m financing, net debt is GBP 1.5bn with adjusted net leverage ~8.9x, and net cash interest guidance is revised to ~GBP 160m (from ~150m), while management continues to monitor macro and geopolitical risks.Aston Martin Lagonda Global Holdings plc Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
18
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.72B | 1.26B | 1.58B | 1.63B | 1.38B | 1.10B |
| Gross Profit | 317.10M | 29.90M | 583.90M | 639.20M | 450.70M | 343.70M |
| EBITDA | 254.10M | 120.50M | 220.20M | 309.60M | -7.00M | 159.70M |
| Net Income | -629.50M | -493.20M | -323.50M | -228.10M | -527.70M | -189.30M |
Balance Sheet | ||||||
| Total Assets | 2.66B | 2.81B | 3.16B | 3.17B | 3.10B | 2.84B |
| Cash, Cash Equivalents and Short-Term Investments | 117.40M | 252.90M | 359.60M | 392.40M | 592.10M | 426.20M |
| Total Debt | 1.62B | 1.59B | 1.48B | 1.17B | 1.31B | 1.29B |
| Total Liabilities | 2.46B | 2.48B | 2.41B | 2.25B | 2.33B | 2.18B |
| Stockholders Equity | 181.50M | 316.30M | 740.20M | 902.30M | 753.00M | 641.80M |
Cash Flow | ||||||
| Free Cash Flow | -257.20M | -137.10M | -276.70M | -251.50M | -159.80M | -5.80M |
| Operating Cash Flow | -56.00M | -67.50M | 123.90M | 145.90M | 127.10M | 178.90M |
| Investing Cash Flow | -274.90M | -232.50M | -374.80M | -383.40M | -284.70M | -184.10M |
| Financing Cash Flow | 371.60M | 196.60M | 215.80M | 59.70M | 315.00M | -66.50M |
Aston Martin Lagonda Global Holdings plc Technical Analysis
Negative
34.72
Price Trends
34.89
Positive
36.25
Negative
42.58
Negative
Market Momentum
0.55
Positive
46.29
Neutral
12.12
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AML, the sentiment is Negative. The current price of 34.72 is below the 20-day moving average (MA) of 36.38, below the 50-day MA of 34.89, and below the 200-day MA of 42.58, indicating a neutral trend. The MACD of 0.55 indicates Positive momentum. The RSI at 46.29 is Neutral, neither overbought nor oversold. The STOCH value of 12.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:AML.
Aston Martin Lagonda Global Holdings plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | £2.15B | 9.83 | 19.59% | 5.26% | 7.27% | -39.82% | |
65 Neutral | £262.05M | 14.69 | 5.00% | 2.36% | 2.90% | 15.43% | |
63 Neutral | £182.49M | -34.57 | -3.98% | 1.19% | -9.83% | -149.61% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | £112.26M | 21.28 | 22.27% | 1.55% | 8.14% | 81.96% | |
48 Neutral | £355.77M | -0.55 | -166.57% | ― | -0.24% | -68.68% |
* Consumer Cyclical Sector Average
GB:AML
Aston Martin Lagonda Global Holdings plc
35.04
-28.76
-45.08%
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GB:EQIP
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―
―
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Aston Martin Lagonda Global Holdings plc Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Aston Martin boosts margins and cash position on Valhalla-led H1 2026 surge
Positive
Jul 29, 2026
Aston Martin reported materially improved interim results for the first half of 2026, driven by a 21% rise in wholesale volumes and a surge in high-value Specials, notably over 220 Valhalla deliveries. Revenue climbed 38% to £629m, while gros...
Business Operations and StrategyPrivate Placements and Financing
Aston Martin Clarifies Collateral Structure of New Debt Financing
Neutral
Jul 27, 2026
Aston Martin Lagonda Global Holdings plc has provided clarifying details to investors on the structure of its recently announced new debt financing. The company explained that the financing is secured against certain group assets housed in a newly...
Business Operations and StrategyPrivate Placements and Financing
Aston Martin Boosts Liquidity with £550m Debt Financing
Positive
Jul 22, 2026
Aston Martin Lagonda Global Holdings plc has secured a new £550 million debt package comprising a £450 million senior secured term loan and a £100 million delayed draw term loan, priced at 6.75% over SONIA and maturing in July 2031....
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Aston Martin Addresses Debt Financing Speculation, Reaffirms 2026 Performance Focus
Positive
Jul 17, 2026
Aston Martin Lagonda has responded to recent press coverage by confirming that its board regularly reviews capital structure and debt financing options, including ongoing discussions with potential lenders. The company emphasised that these consid...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.