Financials Siemens AG Deutsche Boerse AG

Equities

SIE

DE0007236101

Electrical Components & Equipment

Real-time Estimate Tradegate 07:50:31 27/06/2024 pm IST 5-day change 1st Jan Change
174.8 EUR +3.78% Intraday chart for Siemens AG +2.32% +2.39%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 77,645 85,907 1,13,299 79,905 1,07,367 1,32,408 - -
Enterprise Value (EV) 1 1,00,432 1,16,433 1,52,454 1,20,076 1,43,879 1,67,764 1,63,841 1,59,488
P/E ratio 15.5 x 21.9 x 18.7 x 22 x 13.7 x 16.3 x 14.5 x 13.9 x
Yield 3.97% 3.24% 2.82% 4.2% 3.46% 2.93% 3.1% 3.32%
Capitalization / Revenue 0.89 x 1.5 x 1.82 x 1.11 x 1.38 x 1.67 x 1.59 x 1.5 x
EV / Revenue 1.16 x 2.04 x 2.45 x 1.67 x 1.85 x 2.11 x 1.96 x 1.81 x
EV / EBITDA 9.49 x 15.3 x 16.8 x 11.2 x 10.2 x 11.8 x 10.4 x 9.26 x
EV / FCF 17.2 x 16 x 18.2 x 14.2 x 14.4 x 19.6 x 16.8 x 15.3 x
FCF Yield 5.82% 6.24% 5.49% 7.02% 6.96% 5.11% 5.95% 6.55%
Price to Book 1.65 x 2.39 x 2.56 x 1.68 x 2.24 x 2.63 x 2.43 x 2.23 x
Nbr of stocks (in thousands) 7,90,281 7,96,319 7,98,333 7,89,577 7,91,442 7,82,461 - -
Reference price 2 98.25 107.9 141.9 101.2 135.7 169.2 169.2 169.2
Announcement Date 07/11/19 12/11/20 11/11/21 17/11/22 16/11/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 86,849 57,139 62,265 71,977 77,769 79,345 83,396 88,205
EBITDA 1 10,582 7,601 9,091 10,759 14,163 14,270 15,689 17,222
EBIT 1 6,888 5,040 6,494 9,285 9,649 10,847 12,196 13,462
Operating Margin 7.93% 8.82% 10.43% 12.9% 12.41% 13.67% 14.62% 15.26%
Earnings before Tax (EBT) 1 7,518 5,672 7,496 7,154 11,201 11,417 13,185 13,861
Net income 1 5,174 4,030 6,161 3,723 7,949 8,216 9,078 9,420
Net margin 5.96% 7.05% 9.89% 5.17% 10.22% 10.35% 10.89% 10.68%
EPS 2 6.320 4.930 7.590 4.590 9.910 10.36 11.64 12.20
Free Cash Flow 1 5,846 7,261 8,364 8,433 10,021 8,577 9,741 10,450
FCF margin 6.73% 12.71% 13.43% 11.72% 12.89% 10.81% 11.68% 11.85%
FCF Conversion (EBITDA) 55.24% 95.53% 92% 78.38% 70.75% 60.11% 62.09% 60.68%
FCF Conversion (Net income) 112.99% 180.17% 135.76% 226.51% 126.07% 104.4% 107.3% 110.93%
Dividend per Share 2 3.900 3.500 4.000 4.250 4.700 4.952 5.238 5.625
Announcement Date 07/11/19 12/11/20 11/11/21 17/11/22 16/11/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 16,497 17,040 17,867 20,573 18,070 19,416 18,889 21,393 18,412 19,162 19,665 22,266 19,840 21,063
EBITDA 3,025 2,386 3,311 4,853 2,910 3,298 2,638 3,579 - - - - - -
EBIT 1 1,905 1,329 2,431 3,620 2,226 2,223 1,839 2,908 2,326 2,086 2,596 3,381 2,906 3,127
Operating Margin 11.55% 7.8% 13.61% 17.6% 12.32% 11.45% 9.74% 13.59% 12.63% 10.89% 13.2% 15.18% 14.65% 14.85%
Earnings before Tax (EBT) 1 2,447 1,751 -912 3,869 2,223 4,142 1,985 2,851 3,259 2,294 2,313 - - -
Net income 1 1,643 1,034 -1,655 2,701 1,477 3,476 1,278 1,718 2,389 2,033 1,636 2,034 1,965 -
Net margin 9.96% 6.07% -9.26% 13.13% 8.17% 17.9% 6.77% 8.03% 12.98% 10.61% 8.32% 9.13% 9.9% -
EPS 2 2.020 1.270 -2.060 3.360 1.850 4.340 1.610 2.140 2.990 2.540 2.128 2.576 2.513 2.720
Dividend per Share 2 - 4.000 - 0.2500 - - - 4.700 - - - 5.200 - -
Announcement Date 10/02/22 12/05/22 11/08/22 17/11/22 08/02/23 17/05/23 10/08/23 16/11/23 08/02/24 16/05/24 - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 22,787 30,526 39,155 40,171 36,512 35,356 31,433 27,080
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.153 x 4.016 x 4.307 x 3.734 x 2.578 x 2.478 x 2.003 x 1.572 x
Free Cash Flow 1 5,846 7,261 8,364 8,433 10,021 8,577 9,741 10,450
ROE (net income / shareholders' equity) 11.1% 9.54% 15.3% 8% 16.4% 17% 17% 17.3%
ROA (Net income/ Total Assets) 3.58% 2.94% 4.46% 2.56% 5.36% 5.8% 6.19% 6.26%
Assets 1 1,44,582 1,37,075 1,38,220 1,45,430 1,48,286 1,41,728 1,46,647 1,50,468
Book Value Per Share 2 59.60 45.10 55.30 60.30 60.50 64.30 69.70 75.70
Cash Flow per Share 2 10.30 10.80 12.30 12.60 15.30 13.80 14.90 15.90
Capex 1 2,610 1,601 1,632 1,808 2,218 2,221 2,428 2,526
Capex / Sales 3.01% 2.8% 2.62% 2.51% 2.85% 2.8% 2.91% 2.86%
Announcement Date 07/11/19 12/11/20 11/11/21 17/11/22 16/11/23 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
20
Last Close Price
169.2 EUR
Average target price
196.8 EUR
Spread / Average Target
+16.32%
Consensus