Polestar Automotive Holding UK PLC engages in the research and development, marketing, commercialization, and sale of battery electric vehicles in Europe, North America, the Asia-Pacific, the Middle East, and internationally.
FAIL · Does not pass the screen
7.86 USD
Screen close, 2026-09-18 · not a live quote Last reviewed 17 days ago
Screened 2026-09-18 · the tape above runs as of 11:17 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
PRICE · FAIR-VALUE RANGE1M3M6MYTD1Y3Y5Y
What this means: price 7.86 against the desk's fair-value range, base estimate 10.61, over the last year.
Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical does not pass the values gate
Price7.86 USD
Fair value10.61
Ethical score70.0/100
Our investment reviews on this name
2026-08-09Read Distribution14.90-47.2% to today ✓
2026-07-02Read Accumulation19.17-59.0% to today
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Polestar Automotive Holding UK PLC holds its Distribution at $7.86. The statistical read favours the sellers, held for 24 days.
As held on the ledger · 2026-09-18
Phase
Distribution · caution
Quantitative state
The statistical read favours the sellers, held for 24 days
Price at the screen
$7.86
Valuation
N/A trailing · -1.19 forward price to earnings
Values screen
FAIL· score 70.0
Beta
1.73
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
165.16%
Below 33%
Interest-bearing debt is 165.2% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
38.20%
Below 49%
Money owed to the company is 38.2% of assets, under the 49% limit.
Pass
Revenue purity
0.25%
Below 5%
Only 0.2% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
Polestar Automotive Holding UK's business is in a permissible area, but its interest-bearing debt is about 165% of the company, well over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-10-04. It updates when the underlying figures move, and past reads are kept below.
Fair value range in USD, drawn from the 2026-09-18 screen. The gold marker is the market price at the same screen. A 35.0% margin of safety to the base estimate.
Third-party analyst targets: 2 covering, consensus Underperform. The average target sits +59% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-18 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Electric car sales in a downturn spell trouble
Every time a new electric model hits the road in Europe or the US, the bill for steel, batteries and marketing lands straight on a company still burning cash at a ferocious rate. Polestar shows 45% revenue growth yet posts a 77% negative profit margin and a forward earnings multiple that is negative because there are no earnings. With only two analysts covering it and both leaning underperform, the market is already signalling this is not a business investors can lean on.
The low multiple looks tempting on paper but this is the classic cyclical value trap. Auto demand turns quickly when interest rates bite or consumer confidence slips, and what appears cheap on depressed earnings often turns out to be peak-cycle numbers dressed up as a bargain. Unknown competitive position and heavy reliance on a still-nascent EV market add layers of uncertainty that a simple growth figure cannot offset.
Currency swings, supply-chain squeezes and the need to keep spending just to stay relevant keep risk elevated even though the name clears the ethical screen. The combination leaves no margin of safety worth pursuing. Analysis, not advice.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; it already moves more than the market on an average day; its business and earnings are exposed to Sweden and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
PSNY trades on Nasdaq (the company is based in Sweden). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-02Distribution$7.86-37.2%Entry 6
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 37.2% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 36%. Our forward projection puts the odds of a 10% gain over the next month near 33%. The street (2 analysts) rates it underperform, with a mean price target of $18. Insiders have been net buyers over the past quarter.
2026-09-10Distribution$12.52-16.0%Entry 5
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 16.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 36%. Our forward projection puts the odds of a 10% gain over the next month near 33%. The street (2 analysts) rates it underperform, with a mean price target of $18. Insiders have been net buyers over the past quarter.
The framework has shifted from accumulation to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 22.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 36%. Our forward projection puts the odds of a 10% gain over the next month near 33%. The street (2 analysts) rates it underperform, with a mean price target of $18. Insiders have been net buyers over the past quarter.
2026-07-18Accumulation$19.17+0.0%Entry 3
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 36%. Our forward projection puts the odds of a 10% gain over the next month near 33%. The street (2 analysts) rates it underperform, with a mean price target of $18.
2026-07-03Accumulation$19.17+0.0%Entry 2
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
2026-07-02Accumulation$19.17Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
