Forvia's Stock Rebounds by 2% but Remains Under Pressure at -25% Over 3 Months
Automotive supplier Forvia has rebounded by 1.98% to €10.3150 at midday this Thursday, amidst a 0.41% rise in the SBF 120. The stock has moved above its 20 and 50-day moving averages following a period of consolidation. However, its performance over the past three months remains significantly negative, with a decline of 25.42%.
Stock Crosses Short-Term Averages but Stays Below the 200-Day Average at €11.66
Today's rebound brings the price to €10.3150, which is 0.73% above the 20-day moving average (€10.24) and 2.43% above the 50-day moving average (€10.07). These two benchmarks, regained at the beginning of the month, now mark the lower boundary of the recent trading range. However, the 200-day moving average, at €11.66, remains 11.54% above the current price, indicating that the underlying trend is still downward.
The RSI at 48 reflects a neutral state, with no significant buying or selling pressure. The resistance at €10.92 identified in the data frames the continuation of the movement, with support at €9.75. Today's rise mitigates the weekly decline (-1.67%) but only compensates for a fraction of the quarterly downturn.
Over the past year, the stock has maintained a gain of 25.21%, a legacy of the summer 2025 rally and the rebound following the annual results published in February.
Strategic Refocusing Confirmed with the Divestiture of Interiors and Persistent Short Positions
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The group's recent trajectory has been marked by the divestiture of the Interiors business to Apollo fund, announced at the end of April for a valuation of €1.82 billion. The transaction is part of the strategy to reduce debt and focus on higher value-added activities. The first quarter of 2026 showed a 2.2% decline in revenue to €5.135 billion, with an outperformance of 120 basis points relative to global automobile production.
According to reviewed statements, four funds collectively hold a net short position of 3.67% of the capital, down by 0.25 points over thirty days (3.92% a month ago). This moderately declining level indicates that institutional investors remain positioned against the stock or are looking to hedge exposure to the European automotive sector. The easing movement does not signify a turnaround but reflects a limited relaxation of selling pressure.
The resistance at €10.92 is the next identifiable benchmark in the data to validate the recovery that began in May.
SectorAutomobile et mobilité›Équipementiers automobiles
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 10 509 millions d'euros
Quarterly revenue: 10 509 millions d'euros
Revenue growth: -4,3 %
EBITDA: 1 439 millions d'euros
EBITDA margin: 13,7 %
Net income: 2,6 millions d'euros
Free cash flow: 432 millions d'euros
5 642 millions d'euros
Guidance from the release
nous confirme avec confiance l'ensemble de ses objectifs pour l'exercice 2026
Risks mentioned
Sous-performance en Chine : ventes en recul de 19,3 % sur un mix clients défavorable (baisse de production BYD).
Production automobile mondiale attendue en baisse de 3,2 % au second semestre 2026.
Rentabilité de Lighting au point bas (marge 0,3 %), retour aux niveaux de 2025 seulement d'ici 2028.
Opportunities identified
Prises de commandes en hausse de 15 % à 13,4 Md€, ratio commandes/CA de 1,5x dans le pôle Growth.
Cession d'Interiors : réduction de la dette nette d'au moins 1,0 Md€ attendue au T4 2026.
Développement d'activités défense : commande initiale d'environ 500 drones intercepteurs.
Outlook / guidance
Expected revenue: 20 500 millions d'euros
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
