Volkswagen (VOW)

Thesis Summary

Volkswagen is significantly mispriced (2026 P/E 4.8x vs. 5.9x historical average) despite an ambitious €1.5 billion cost-cutting plan and a major geopolitical catalyst: the new EU-India trade deal will open up the massive Indian market (tariffs dropping from 110% to 10%), projecting 25-35% upside potential toward €135-€160.

Detailed Deep Dive