An exploratory study of the timelike pion electromagnetic form factor in a Poincar\'e-covariant bound state formalism in the isospin symmetric limit is presented. Starting from a quark interaction kernel representing gluon-intermediated interactions for valence-type quarks, nonvalence effects are included by introducing pions as explicit degrees of freedom. The two most important qualitative aspects are, in view of the presented study, the opening of the dominant $\ensuremath{\rho}$-meson decay channel and the presence of a multiparticle branch cut setting in which the two-pion threshold is crossed. Based on a recent respective computation of the quark-photon vertex, the pion electromagnetic form factor for spacelike and timelike kinematics is calculated. The obtained results for its absolute value and its phase compare favorably to the available experimental data, and they are analyzed in detail by comparing them to the expectations based on an isospin-symmetric version of a vector-meson dominance model.
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