Company Valuation: Volkswagen AG

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 81,625 1,12,849 67,576 58,007 45,553 50,668 50,668 -
Change - 38.25% -40.12% -14.16% -21.47% 11.23% 0% -
Enterprise Value (EV) 1 54,829 86,164 24,561 17,718 9,487 17,013 15,325 11,432
Change - 57.15% -71.49% -27.86% -46.46% 79.33% -9.92% -25.41%
P/E ratio 9.15x 5.99x 3.92x 3.5x - 9.33x 4.59x 3.79x
PBR 0.6x 0.62x 0.35x 0.32x - 0.27x 0.26x 0.25x
PEG - 0.1x 29.06x 0.45x - - 0x 0.2x
Capitalization / Revenue 0.37x 0.45x 0.24x 0.18x 0.14x 0.16x 0.15x 0.15x
EV / Revenue 0.25x 0.34x 0.09x 0.05x 0.03x 0.05x 0.05x 0.03x
EV / EBITDA 2.16x 2.66x 0.65x 0.49x 0.26x 0.49x 0.38x 0.25x
EV / EBIT 5.17x 4.47x 1.11x 0.78x 0.5x 1.72x 0.87x 0.55x
EV / FCF 4.01x 3.93x 3.31x 1.66x 1.71x 5.81x 3.77x 1.63x
FCF Yield 24.9% 25.4% 30.2% 60.4% 58.4% 17.2% 26.5% 61.5%
Dividend per Share 2 4.86 7.56 8.76 9 - 4.374 6.346 7.744
Rate of return 3.19% 4.26% 7.52% 8.05% - 4.34% 6.3% 7.69%
EPS 2 16.66 29.65 29.69 31.98 - 10.8 21.96 26.59
Distribution rate 29.2% 25.5% 29.5% 28.1% - 40.5% 28.9% 29.1%
Net sales 1 2,22,884 2,50,200 2,79,232 3,22,284 3,24,656 3,24,231 3,30,225 3,39,608
EBITDA 1 25,392 32,359 37,721 36,513 36,796 34,908 40,773 44,941
EBIT 1 10,606 19,275 22,124 22,576 19,060 9,886 17,517 20,813
Net income 1 8,824 14,843 14,867 16,013 10,721 5,324 11,001 13,539
Net Debt 1 -26,796 -26,685 -43,015 -40,289 -36,066 -33,655 -35,342 -39,236
Reference price 2 152.42 177.48 116.42 111.80 89.04 100.75 100.75 100.75
Nbr of stocks (in thousands) 5,01,295 5,01,295 5,01,295 5,01,295 5,01,295 5,01,295 5,01,295 -
Announcement Date 26/02/21 15/03/22 14/03/23 13/03/24 11/03/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.53x1.55x13.1x2.53% 31TCr
6.94x0.35x2.88x0.87% 7.62TCr
10.34x1.27x13.52x2.52% 7.44TCr
11.3x0.18x1.96x3.88% 6.62TCr
8.19x0.06x0.46x4.42% 6.43TCr
-6.01x0.27x4.47x4.89% 5.5TCr
28.96x2.68x18.3x0.78% 4.41TCr
14.87x0.64x10.72x4.2% 4.19TCr
11.52x0.65x4.84x1.99% 2.84TCr
Average 11.07x 0.85x 7.81x 2.9% 8.49TCr
Weighted average by Cap. 11.41x 1.05x 9.34x 2.78%
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