Company Valuation: Siemens AG

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,13,299 79,905 1,07,367 1,41,274 1,77,700 1,94,460 - -
Change - -29.47% 34.37% 31.58% 25.78% 9.43% - -
Enterprise Value (EV) 1 1,52,454 1,20,076 1,43,879 1,80,037 2,19,220 2,32,483 2,29,272 2,25,837
Change - -21.24% 19.82% 25.13% 21.76% 6.05% -1.38% -1.5%
P/E ratio 18.7x 22x 13.7x 17.5x 18.9x 24.1x 20.8x 18.4x
PBR 2.56x 1.68x 2.24x 2.79x 2.87x 3.06x 2.85x 2.53x
PEG - -0.6x 0x 3.69x 1.1x -1.7x 1.3x 1.5x
Capitalization / Revenue 1.82x 1.11x 1.38x 1.86x 2.25x 2.34x 2.19x 2.06x
EV / Revenue 2.45x 1.67x 1.85x 2.37x 2.78x 2.8x 2.59x 2.39x
EV / EBITDA 16.8x 11.2x 10.2x 13.3x 16.4x 15.6x 13.8x 12.1x
EV / EBIT 23.5x 12.9x 14.9x 18.8x 22.8x 19.7x 17.2x 15x
EV / FCF 18.2x 14.2x 14.4x 18.8x 20.3x 26.3x 22.5x 19.9x
FCF Yield 5.49% 7.02% 6.96% 5.32% 4.93% 3.8% 4.44% 5.02%
Dividend per Share 2 4 4.25 4.7 5.2 5.35 5.617 5.909 6.247
Rate of return 2.82% 4.2% 3.46% 2.87% 2.33% 2.24% 2.36% 2.49%
EPS 2 7.59 4.59 9.91 10.38 12.11 10.39 12.06 13.59
Distribution rate 52.7% 92.6% 47.4% 50.1% 44.2% 54.1% 49% 46%
Net sales 1 62,265 71,977 77,769 75,930 78,914 83,108 88,647 94,334
EBITDA 1 9,091 10,759 14,163 13,577 13,380 14,942 16,653 18,635
EBIT 1 6,494 9,285 9,649 9,593 9,594 11,798 13,341 15,084
Net income 1 6,161 3,723 7,949 8,301 9,620 8,249 9,543 10,623
Net Debt 1 39,155 40,171 36,512 38,763 41,520 38,023 34,812 31,377
Reference price 2 141.92 101.20 135.66 181.34 229.20 250.50 250.50 250.50
Nbr of stocks (in thousands) 7,98,333 7,89,577 7,91,442 7,79,054 7,75,303 7,76,287 - -
Announcement Date 11/11/21 17/11/22 16/11/23 14/11/24 13/11/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.11x2.8x15.56x2.24% 23TCr
32.02x3.88x18.32x1.64% 17TCr
35.35x5.61x23.71x1.09% 15TCr
48.5x5.32x26.41x0.9% 9.52TCr
31.98x5.21x18.2x1.4% 8.84TCr
106.53x12.86x74x0.29% 8.19TCr
55.01x7.45x34.34x0.08% 7.48TCr
36.19x7.45x23.47x0.53% 5.34TCr
36.32x5.56x24.32x1.33% 4.66TCr
29.78x4.23x17.86x1.67% 4.35TCr
Average 43.58x 6.04x 27.62x 1.12% 10.27TCr
Weighted average by Cap. 40.18x 5.38x 25.33x 1.32%
See all sector valuations

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