Company Valuation: BMW AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 57,499 53,582 63,947 49,199 57,267 45,189 - -
Change - -6.81% 19.34% -23.06% 16.4% -21.09% - -
Enterprise Value (EV) 1 35,137 28,979 46,944 3,420 12,879 -1,891 -5,788 -10,529
Change - -17.53% 62% -92.71% 276.57% -114.69% -206.01% -81.91%
P/E ratio 4.71x 3.05x 5.7x 6.8x 7.83x 7.03x 6.16x 5.2x
PBR 0.72x 0.57x 0.65x 0.49x 0.54x 0.46x 0.44x 0.41x
PEG - 0.1x -0.2x -0.2x 3.37x -0.6x 0.4x 0.3x
Capitalization / Revenue 0.52x 0.38x 0.41x 0.35x 0.43x 0.34x 0.32x 0.32x
EV / Revenue 0.32x 0.2x 0.3x 0.02x 0.1x -0.01x -0.04x -0.07x
EV / EBITDA 1.77x 1.28x 1.71x 0.17x 0.68x -0.11x -0.29x -0.52x
EV / EBIT 2.62x 2.07x 2.54x 0.3x 1.26x -0.21x -0.55x -0.9x
EV / FCF 5.53x 2.62x 6.76x 0.7x 3.97x -0.4x -1.12x -1.51x
FCF Yield 18.1% 38.2% 14.8% 142% 25.2% -251% -89.2% -66.3%
Dividend per Share 2 5.8 8.5 6 4.3 4.4 4.067 4.536 5.153
Rate of return 6.55% 10.2% 5.95% 5.44% 4.72% 5.47% 6.1% 6.93%
EPS 2 18.77 27.31 17.67 11.62 11.89 10.58 12.08 14.31
Distribution rate 30.9% 31.1% 34% 37% 37% 38.5% 37.6% 36%
Net sales 1 1,11,239 1,42,610 1,55,498 1,42,380 1,33,453 1,33,484 1,39,541 1,41,856
EBITDA 1 19,895 22,565 27,456 20,159 18,878 17,943 19,683 20,194
EBIT 1 13,400 13,999 18,482 11,509 10,186 8,988 10,496 11,658
Net income 1 12,382 17,941 11,290 7,290 7,294 6,398 7,300 8,497
Net Debt 1 -22,362 -24,603 -17,003 -45,779 -44,388 -47,080 -50,977 -55,718
Reference price 2 88.49 83.38 100.78 78.98 93.14 74.40 74.40 74.40
Nbr of stocks (in thousands) 6,59,685 6,45,288 6,40,854 6,27,659 6,15,810 6,07,128 - -
Announcement Date 10/03/22 15/03/23 21/03/24 14/03/25 12/03/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.03x-0.01x-0.11x5.47% 5.25TCr
10.62x1.36x12.53x3.13% 25TCr
15.51x1.52x16.52x1.61% 11TCr
6.27x0.32x2.54x1% 6.75TCr
24.19x0.28x3.75x4.49% 5.34TCr
8.41x0.14x1.32x6.84% 5.48TCr
4.44x0.03x0.23x6.8% 5.2TCr
24.24x2.27x15.62x0.93% 3.64TCr
-17.22x0.61x12.68x4.92% 3.51TCr
9.62x0.34x4x3.01% 2.98TCr
Average 9.31x 0.68x 6.91x 3.82% 7.41TCr
Weighted average by Cap. 10.36x 0.89x 8.79x 3.49%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield