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olivLaw · European equity research

Aston Martin Lagonda Global Holdings plc AML.L

United Kingdom · London Stock Exchange · ISIN GB00BN7CG237 · Vertical: Listed companies from United Kingdom

0.35GBP−1.07% · 1 dayClose 05 Nov 2026

Aston Martin Lagonda is a British maker of high-performance luxury sports cars, GTs and SUVs, now in a transformation phase after a difficult 2025 marked by tariffs and geopolitical uncertainty. The launch of Valhalla, its first series-production PHEV, and a cost-reduction plan define its direction for 2026, and its ability to deliver the expected volumes could decide a return to profitability.

At the close of 05 Nov 2026, Aston Martin Lagonda Global Holdings plc (AML.L) stock was 0.35 GBP (−1.07% on the day), with market capitalisation 344.3 m GBP, beta 1.20, 52-week range 0.33–0.65 GBP.

Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.

Market cap
344.3 m GBP
shares as of 31 Dec 2025
P/E (TTM)
unavailable
Diluted EPS TTM -0.50 · TTM to 31 Dec 2025
E/P (TTM)
-143.26%
TTM to 31 Dec 2025
Dividend yield
unavailable
Beta (2y)
1.20
Volatility (1y) 48%
52-week range
0.330.65

Price history

Loading chart…

Technical reading

RSI (14)
44.5
weak (30–45)
Bollinger (20, 2)
0.34 – 0.41
in the lower half of the band · %B 0.17 · band width 18.3%
SMA 50 / 200
0.35 / 0.42
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
0.00 / 0.00
MACD below signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyEURO STOXX 50vs EURO STOXX 50Vertical median
1 month−1.1%+0.4%−1.5 pp—
3 months+2.7%−3.3%+6.0 pp—
6 months−24.1%+4.0%−28.1 pp—
Year to date−44.9%+8.1%−53.0 pp—
1 year−43.2%+10.7%−53.9 pp+7.3%
3 years−83.2%+50.1%−133.3 pp+26.3%
5 years−94.6%+43.6%−138.2 pp—
Max drawdown (1y)
−50.3%
05 Dec 2025 → 23 Sept 2026
Max drawdown (5y)
−94.9%
08 Nov 2021 → 23 Sept 2026
Compound annual growth (5y)
−44.2%
EURO STOXX 50 +7.5%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year202320242025
Revenue1.6 bn1.6 bn1.3 bn
Revenue YoYunavailable−3.0%−20.6%
Net income-228.1 m-323.5 m-493.2 m
Net income YoYunavailableunavailableunavailable
Diluted EPS-0.31-0.39-0.50
Diluted EPS YoYunavailableunavailableunavailable
net %-14.0%-20.4%-39.2%
Free cash flow54.8 m35.2 m4.5 m

Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
249.9 m GBP
Financial debt
1.5 bn GBP
Net debt
1.3 bn GBP
Equity
329.2 m GBP
Total assets
2.8 bn GBP
Debt / equity
4.56x
Current ratio
1.02x
ROE
-91.2%
ROA
-16.5%
FCF margin
0.4%

Financial statements (source on every figure)

Revenue and net income (GBP)

Margins

Income statement · GBP

Revenue
2023
1.6 bn
2024
1.6 bn
2025
1.3 bn

esef· 07 Apr 2026verified

Cost of revenue
2023
993.6 m
2024
1.0 bn
2025
887.9 m

esef· 07 Apr 2026verified

Gross profit
2023
639.2 m
2024
583.9 m
2025
369.8 m

esef· 07 Apr 2026verified

Operating income
2023
-111.2 m
2024
-99.5 m
2025
-259.2 m

esef· 07 Apr 2026verified

Interest expense
2023
202.9 m
2024
215.5 m
2025
170.6 m

esef· 07 Apr 2026verified

Pre-tax income
2023
-239.8 m
2024
-289.1 m
2025
-363.9 m

esef· 07 Apr 2026verified

Income tax
2023
-13.0 m
2024
34.4 m
2025
129.1 m

esef· 07 Apr 2026verified

Net income
2023
-228.1 m
2024
-323.5 m
2025
-493.2 m

esef· 07 Apr 2026verified

Diluted EPS
2023
-0.31
2024
-0.39
2025
-0.50

esef· 07 Apr 2026verified

Balance sheet · GBP

Cash
2023
392.4 m
2024
359.6 m
2025
249.9 m

esef· 07 Apr 2026verified

Receivables
2023
322.2 m
2024
209.7 m
2025
201.7 m

esef· 07 Apr 2026verified

Inventories
2023
272.7 m
2024
303.0 m
2025
277.7 m

esef· 07 Apr 2026verified

Current assets
2023
991.5 m
2024
873.3 m
2025
734.4 m

esef· 07 Apr 2026verified

Property, plant & equipment, net
2023
353.7 m
2024
351.4 m
2025
351.5 m

esef· 07 Apr 2026verified

Total assets
2023
3.2 bn
2024
3.2 bn
2025
2.8 bn

esef· 07 Apr 2026verified

Short-term debt
2023
89.4 m
2024
0
2025
7.4 m

esef· 07 Apr 2026verified

Long-term debt
2023
980.3 m
2024
1.4 bn
2025
1.5 bn

esef· 07 Apr 2026verified

Current liabilities
2023
986.1 m
2024
703.6 m
2025
717.2 m

esef· 07 Apr 2026verified

Total liabilities
2023
2.2 bn
2024
2.4 bn
2025
2.5 bn

esef· 07 Apr 2026verified

Equity
2023
923.1 m
2024
752.9 m
2025
329.2 m

esef· 07 Apr 2026verified

Shares outstanding at year end
2023
747.9 m
2024
831.6 m
2025
982.5 m

esef· 07 Apr 2026derived

Cash flow · GBP

Operating cash flow
2023
145.9 m
2024
123.9 m
2025
74.1 m

esef· 07 Apr 2026verified

Capex
2023
91.1 m
2024
88.7 m
2025
69.6 m

esef· 07 Apr 2026verified

Free cash flow
2023
54.8 m ≈
2024
35.2 m ≈
2025
4.5 m ≈

esef· 07 Apr 2026derived

Investing cash flow
2023
-383.4 m
2024
-374.8 m
2025
-227.7 m

esef· 07 Apr 2026verified

Financing cash flow
2023
59.7 m
2024
215.8 m
2025
48.8 m

esef· 07 Apr 2026verified

Computed indicators

Growth

Revenue growth (YoY)
-20.6%
computed by olivLawFY 2025
Revenue CAGR 3Y
unavailable
input data missing
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
unavailable
the base of the ratio is not positive
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
input data missing
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
-87.2%
computed by olivLawFY 2025

Profitability

Gross margin
29.4%
computed by olivLawFY 2025
EBITDA margin
unavailable
input data missing
EBIT margin
-20.6%
computed by olivLawFY 2025
Net margin
-39.2%
computed by olivLawFY 2025
FCF margin
0.4%
computed by olivLawFY 2025

Returns

ROE
-93.4%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROA
-16.5%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROIC
-13.0%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROCE
-12.4%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
1.3 bn GBP
computed by olivLawbalance sheet at 31 Dec 2025
Net debt / EBITDA
unavailable
input data missing
Debt / equity
4.7x
computed by olivLawbalance sheet at 31 Dec 2025
Interest coverage
-1.5x
computed by olivLawFY 2025

Liquidity

Current ratio
1.0x
computed by olivLawbalance sheet at 31 Dec 2025
Quick ratio
0.6x
computed by olivLawbalance sheet at 31 Dec 2025
Cash ratio
0.3x
computed by olivLawbalance sheet at 31 Dec 2025

Cash

Operating cash flow
74.1 m GBP
computed by olivLawFY 2025
Capital expenditure
69.6 m GBP
computed by olivLawFY 2025
Free cash flow
4.5 m GBP
computed by olivLawFY 2025
FCF conversion
unavailable
insufficient data
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
60 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Days inventory outstanding
119 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
344.3 m GBP
computed by olivLawbalance sheet at 31 Dec 2025
Enterprise value
1.6 bn GBP
computed by olivLawbalance sheet at 31 Dec 2025
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-143.3%
computed by olivLawFY 2025
P/B
1.1x
computed by olivLawbalance sheet at 31 Dec 2025
P/S
0.3x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
insufficient data
EV/Sales
1.3x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
P/FCF
76.5x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
FCF yield
1.3%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 5 of at least 6
  • score weight coverage: 35.4% of at least 60%

A scoring methodology on indicators and valuation, not investment advice.

Closing price

0.35 GBP

05 Nov 2026Source: olivLaw, closing series

Market cap: 344.3 m GBP

Key indicators

Market capitalisation
344.3 m GBP
computed by olivLawbalance sheet at 31 Dec 2025
P/E (TTM)
unavailable
insufficient data
P/B
1.1x
computed by olivLawbalance sheet at 31 Dec 2025
EV/EBITDA
unavailable
input data missing
ROE
-93.4%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Net margin
-39.2%
computed by olivLawFY 2025
Revenue growth (YoY)
-20.6%
computed by olivLawFY 2025
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

26/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 31 Dec 2025
Latest balance sheet date: 31 Dec 2025
Share count (cover of the latest filing), as of: 31 Dec 2025
Source: esefpublished 07 Apr 2026
verified 83derived 3

Score by group

35% · Insufficient data

Estimated value range

unavailable — no valuation assumptions for the reporting currency

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

    Assumptions (illustrative, editorial)

    Risk-free rate
    6.5%
    Equity risk premium
    6.0%
    Beta (default)
    1.00
    Cost of equity
    12.5%
    Terminal growth
    3.0%

    Factor scorecard

    Insufficient data

    Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%

    FactorValueScoreWeight used
    ROIC · Quality-13.0%13 (vs peers)29%
    Net margin · Quality-39.2%11 (vs peers)18%
    FCF conversion · Qualityunavailableunavailable—
    Revenue CAGR 3Y · Growthunavailableunavailable—
    EPS CAGR 3Y · Growthunavailableunavailable—
    Net debt / EBITDA · Balance sheetunavailableunavailable—
    Interest coverage · Balance sheet-1.5x0 (on a fixed band)18%
    Current ratio · Balance sheet1.0x19 (on a fixed band)12%
    P/E (TTM) · Valuationunavailableunavailable—
    EV/EBITDA · Valuationunavailableunavailable—
    FCF yield · Valuation1.3%16 (on a fixed band)24%
    Shareholder yield (distributions) · Returnsunavailableunavailable—
    Payout ratio (FCF) · Returnsunavailableunavailable—

    Factors without a value were dropped; the remaining weights were renormalised.

    Score groups

    • Balance sheet7/100 · 2/3 factors with a value
    • Growth· partialunavailable · 0/2 factors with a value
    • Quality12/100 · 2/3 factors with a value
    • Returns· partialunavailable · 0/2 factors with a value
    • Valuation· partial16/100 · 1/3 factors with a value

    A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

    Memo

    ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC (AML.L). Latest full fiscal year: 2025; data up to 2025-12-31.

    Figures computed from the financial statements: revenue 1.3 bn GBP in 2025; YoY growth -20.6%; net margin -39.2%; ROE -93.4%.

    The estimated value range is 0.80–2.53 GBP per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 1.39 GBP, the price of 0.35 GBP leaves a potential of 298.0% (value / price − 1) and a margin of safety of 74.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

    Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%).

    Text generated deterministically from the figures shown; no language model. Not investment advice.

    What supports the thesis

    • The price is below the estimated value range

    What contradicts it

    • ROIC: -13.0%
    • Net margin: -39.2%
    • Interest coverage: -1.5x
    • Current ratio: 1.0x
    • FCF yield: 1.3%

    Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).

    Versus the vertical median

    Listed companies from United Kingdom · same country · compared with 39 companies

    Multiples and returns vs the median

    P/E
    —
    vertical median 16.3x
    EV/EBITDA
    —
    vertical median —
    P/S
    0.3x
    vertical median 1.5x
    below median (−82.2%)
    P/B
    1.1x
    vertical median 2.2x
    below median (−49.6%)
    ROE
    -93.4%
    vertical median 14.4%
    below median (−749.8%)
    Net margin
    -39.2%
    vertical median 10.8%
    below median (−464.1%)
    EBIT margin
    -20.6%
    vertical median 22.9%
    below median (−189.8%)
    Revenue YoY
    -20.6%
    vertical median 7.9%
    below median (−361.3%)
    Net debt/EBITDA
    —
    vertical median —
    Dividend yield
    —
    vertical median 2.8%

    Price rebased to 100 (monthly, 5 years)

    Companies in the vertical

    Market capP/EROENet marginRevenue YoY1A / 3A
    BATS.LBritish American Tobacco P.L.C.104.3 bn13.516.5%30.3%−1.0%+7% / +88%
    ABF.LAssociated British Foods PLC14.7 bn14.39.2%5.3%−3.1%−5% / −15%
    0EV1.LCarnival PLC5.5 bn4.146.7%13.4%+6.4%unavailable / unavailable
    BAB.LBabcock International Group PLC5.1 bn24.734.7%4.1%+7.2%−10% / +158%
    AUTO.LAutotrader Group PLC4.8 bn16.460.2%47.1%+3.9%−13% / −23%
    BBY.LBalfour Beatty PLC4.2 bn16.323.2%2.8%+15.2%+20% / +160%
    ABDN.LAberdeen Group PLC4.1 bn10.88.0%28.9%−2.1%+11% / +41%
    BKG.LThe Berkeley Group Holdings PLC3.6 bn11.38.8%13.4%−4.2%−0% / −22%
    BME.LB&M European Value Retail PLC2.9 bn17.421.2%2.8%+3.7%+68% / −51%
    AJB.LAj Bell PLC2.4 bn22.849.9%33.1%+18.0%+8% / +128%
    ASHM.LAshmore Group PLC1.4 bn13.913.1%71.6%−0.1%+28% / +18%
    BCG.LBaltic Classifieds Group PLC1.2 bn23.215.8%57.6%+6.9%−99% / −99%
    APN.LApplied Nutrition PLC763.6 m36.241.2%19.7%+24.2%+71% / unavailable
    BAG.LA.G. Barr P.L.C.671.9 m14.414.4%10.8%+4.0%−7% / +26%
    ASC.LAsos PLC494.5 m—-81.3%-12.0%−14.7%+71% / +8%
    ALFA.LAlfa Financial Software Holdings PLC486.8 m16.361.5%23.8%+15.3%−28% / +10%
    AML.LAston Martin Lagonda Global Holdings PLC344.3 m—-93.4%-39.2%−20.6%−45% / −85%
    APTD.LAptitude Software Group PLC111.3 m28.57.2%6.2%−7.3%−30% / −23%
    BMS.LBraemar PLC78.3 m39.22.7%1.7%−4.4%+13% / −11%
    AMGO.LAmigo Holdings PLC9.9 m———−81.9%+325% / +844%
    ASBE.LAssociated British Engineering PLC605.3 k—-19.1%—unavailableunavailable / unavailable
    AMIF.LAmicorp Fs (uk) PLC221.6 k0.127.5%9.1%+8.1%unavailable / unavailable
    AAF.LAirtel Africa PLC——24.1%10.6%+29.5%−7% / +164%
    AAL.LAnglo American PLC——-19.3%-20.2%+4.5%+30% / +76%
    ACG.LAcg Metals Limited——-80.3%-32.0%+134.8%+60% / +63%

    1- and 3-year price returns: for AML.L from daily closes (the same as the performance table), for the other companies from month-end closes.

    olivLaw engine forecast

    The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

    The engine has no published run for this company yet.

    Valuation scenarios (editable assumptions)

    Illustrative scenarios

    Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

    Bear
    Allowed range: -50 … 50%
    Allowed range: -100 … 100%
    Allowed range: 0 … 100
    Allowed range: -10 … 20%
    Allowed range: 0 … 100%
    Base
    Allowed range: -50 … 50%
    Allowed range: -100 … 100%
    Allowed range: 0 … 100
    Allowed range: -10 … 20%
    Allowed range: 0 … 100%
    Bull
    Allowed range: -50 … 50%
    Allowed range: -100 … 100%
    Allowed range: 0 … 100
    Allowed range: -10 … 20%
    Allowed range: 0 … 100%
    Nothing is saved.

    Estimated price (GBP)

    Estimated priceBearBaseBull
    1 years
    insufficient data
    Total return unavailable · Per year unavailable
    insufficient data
    Total return unavailable · Per year unavailable
    insufficient data
    Total return unavailable · Per year unavailable
    3 years
    insufficient data
    Total return unavailable · Per year unavailable
    insufficient data
    Total return unavailable · Per year unavailable
    insufficient data
    Total return unavailable · Per year unavailable
    5 years
    insufficient data
    Total return unavailable · Per year unavailable
    insufficient data
    Total return unavailable · Per year unavailable
    insufficient data
    Total return unavailable · Per year unavailable
    What moves the 3-year price the most

      AI analysis

      AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

      In brief

      Aston Martin Lagonda is a British maker of high-performance luxury sports cars, GTs and SUVs, now in a transformation phase after a difficult 2025 marked by tariffs and geopolitical uncertainty. The launch of Valhalla, its first series-production PHEV, and a cost-reduction plan define its direction for 2026, and its ability to deliver the expected volumes could decide a return to profitability.

      SWOT

      Strengths

      • A globally recognised heritage brand with a range of models that management describes as one of the most diverse in the company's history.
      • A successful Valhalla launch with positive reception from customers and the press.
      • Quality improvements, with the right-first-time metric rising sharply from its earlier level.

      Weaknesses

      • Financial performance in 2025 did not meet the targets the company had set, according to management.
      • Reliance on single-source suppliers and supply chains exposed to disruption.
      • High costs for electric platform investment and for the restructuring.

      Opportunities

      • Wider personalisation options that could raise average selling prices and margins.
      • Higher Valhalla volumes if deliveries follow the 2026 plan.
      • New showrooms and experiences for ultra-luxury clients, such as the planned London flagship.

      Threats

      • Trade tariffs and geopolitical policy could continue to affect volumes and margins.
      • Emissions rules and anti-ICE policies could raise costs or reduce demand for combustion engines.
      • Competition in the luxury segment could add price pressure if demand weakens.

      Risks

      • Delivery of the 2026 planhigh

        Management expects much higher Valhalla deliveries in 2026; if these are delayed, financial results could remain below expectations.

      • Tariffs and geopoliticshigh

        Trade tariffs in the United States and China could keep reducing volumes and operating efficiency.

      • Supply chainmedium

        Reliance on single-source suppliers and logistics vulnerability could lead to delays and extra costs.

      • Emissions rules and electrificationmedium

        Anti-ICE policies and carbon taxes could raise costs or change demand for the current engine range.

      • Restructuring effectslow

        A workforce reduction of up to 20% could affect project execution and staff morale while savings are still being realised.

      Investment thesis

      What would need to be true (bull case)

      • If Valhalla and the new derivatives reach the targeted volumes, margins could improve significantly in 2026, supported by cost reduction.
      • A heritage brand with a diverse model range and good customer reception could support average selling prices and demand for personalisation.
      • If the lower capital plan and operating efficiency hold, the company could reach positive free cash flow in the coming years.

      What would break the thesis

      • If tariffs and geopolitical tensions persist, volumes and margins could stay under pressure even if the 2026 plan is executed.
      • Management acknowledges that 2025 did not meet targets, and delays in Valhalla deliveries could extend the recovery period.
      • The shift to electrification requires large investment, and delaying the electric platform could reduce long-term competitiveness.

      What to watch

      • Valhalla deliveries against the expected volume of around 500 units2026
      • Progress of the cost-reduction programme and the savings announcedFY 2026
      • Trend in margins and free cash flow in quarterly reportingQ1 2026
      • Effects of US and China tariffs on volumesnext 10-K

      Products, market & competition

      AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

      The business

      Aston Martin Lagonda Global Holdings plc designs, produces and sells sports cars, GTs, SUVs and ultra-luxury special editions, mainly through its global dealer network. Management describes the company as a brand with a 113-year history that is seeking to become a sustainably profitable, high-performance business. Its strategy rests on six focus areas implemented between 2025 and 2028.

      In 2025 the company began deliveries of Valhalla, a mid-engined plug-in hybrid supercar developed at its Gaydon headquarters in the UK. It also launched seven new core models or derivatives, including the S versions of the Vantage, DBX and DB12. In October 2025 management announced a review of its product cycle plan to optimise costs and capital investment.

      The company says it aims to improve margins through higher average selling prices and personalisation options, as well as operating efficiency. For 2026 management states that its plans are built with prudence and that financial performance and cash flow could be materially better than in 2025.

      Segments

      Sports cars and GTs (V8 and V12)

      The core range includes sports cars, GTs and SUVs with V8 and V12 engines, which form the identity of the brand. The company has launched high-performance S versions and convertibles across its main lines.

      Valhalla and limited specials

      Valhalla is the company's first series-production mid-engined PHEV and is described as an important part of future plans. Limited special editions, such as the Q by Aston Martin models, attract collectors and enthusiasts.

      Personalisation and Q services

      Personalisation is a declared growth area that could support average selling prices and margins by widening the options available to customers. A dedicated Q Commissions team was created to make personalisation more accessible.

      Market context

      According to the company, the global luxury automotive market in 2025 was one of its most turbulent years in recent times, notably because of tariffs introduced in the United States and China. Demand was affected by geopolitical uncertainty and macroeconomic pressures, while supply chains affected volumes and efficiency.

      Management says the ultra-luxury segment remains sensitive to brand strength and exclusive experiences, but that the regulatory and trade environment is changing quickly. Competitors that adapt faster to tariff policies could gain share if Aston Martin does not adjust its plans quickly.

      Trends

      • Trade tariffs and geopoliticsheadwind

        Tariffs introduced in the United States and China reshaped the competitive environment and affected the company's volumes, efficiency and margins in 2025. Management says it must take difficult decisions to adapt to this environment.

      • Valhalla launchtailwind

        Valhalla deliveries began in the fourth quarter of 2025, and management expects delivery volumes could rise significantly in 2026. Customer and media reception has been described as overwhelmingly positive.

      • Shift to electrification and emissions rulesmixed

        The company faces tighter regulation, anti-ICE policies and pressure to develop an electric platform, which could delay or change investment. Management has shifted part of its investment toward the future electric platform.

      • Operating efficiency and cost reductiontailwind

        The transformation programme and the workforce reduction of up to 20% could bring savings and better operating leverage if volumes recover. Management expects most of the savings to be realised in 2026.

      Competitive position

      Aston Martin competes in the ultra-luxury segment of sports cars and GTs, where brands with heritage and brand power face the same tariff and geopolitical pressures. The company stresses that tariffs have reshaped the competitive environment, requiring rapid adaptation.

      The company's differentiation rests on British design, brand heritage and its range of high-performance models rather than on volume. The sources do not describe individual competitors in detail, so the analysis stays at the segment level.

      • FerrariRACE

        Italian ultra-luxury sports car maker, cited here only as a segment reference, with no data from the supplied sources.

      • Bentley

        British high-performance luxury carmaker, a segment reference with no data from the supplied sources.

      • Lamborghini

        Italian supercar maker, a segment reference with no data from the supplied sources.

      • Porsche

        German sports car maker, a segment reference with no data from the supplied sources.

      News & filings

      In the press

      Annual reports (ESEF)

      Sources

      1. [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Aston Martin Lagonda Global Holdings plc · 31 Dec 2025

      Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.

      Aston Martin Lagonda Global Holdings plc (AML.L): stock, results, valuation and forecast · olivLaw