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General Motors Company

8GM.DE
31
Auto - Manufacturers · Consumer Cyclical
Price
€75.25
+2.20 (+3.01%)
Market Cap
€68.06B
Exchange
Frankfurt Stock Exchange
Winston Score
31
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Strong
Stability
Mixed
Valuation
Good
Dividends
Good

Share count falling — buybacks

33.7% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 1.47B (2021) → 973.0M (2025)

Winston Score History

The full picture

General Motors is one of the largest car companies in the world. It designs and sells vehicles under brands like Chevrolet, GMC, Buick, and Cadillac. Its main customers are everyday consumers and businesses that buy trucks, SUVs, and cars across North America and China.

GM makes most of its money by selling vehicles through dealerships and offering financing and insurance through its lending arm, GM Financial. The company operates primarily in the United States and China, generating over $170 billion in annual revenue. Its scale and strong truck lineup — particularly the Chevrolet Silverado and GMC Sierra — give it a durable position in the highly profitable full-size pickup segment. The key growth bet is its electric vehicle push under the Ultium platform, but thin margins and heavy capital spending required to fund that transition remain a significant financial risk.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
7.6%
Thin — 7.6% gross margin
Profit after running costs
Operating Margin
3.0%
Thin — 3.0% operating margin
Return on the money invested
ROCE
1.0%
Weak — 1.0% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth
Sales YoY
-3.1%
Shrinking sales (-3.1% YoY)
Profit growth
EPS YoY
-68.3%
Earnings shrinking (-68.3% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
1195%
Turns 1195% of profit into real cash
Spare cash per sale
FCF Margin
2.5%
Thin free cash flow (2.5%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
2.06
Heavy debt load (2.06)
Covers its interest
Interest Cover
2.63x
Tight — interest eats into profit (2.6x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
36.5x
Pricey — P/E 36.5

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year
P/E vs Forward
+30.9
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (36.5 → 5.7)

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Dividends

Dividend
Dividend Yield
0.75%
Small dividend — 0.75% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+24.1%
Dividend growing fast (24.1% YoY)

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