Financials BMW AG

Equities

BMW

DE0005190003

Auto & Truck Manufacturers

Market Closed - Xetra 16:35:15 17/06/2024 BST After market 17:15:16
88.08 EUR +1.36% Intraday chart for BMW AG 88.06 -0.02%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 47,120 46,621 57,499 53,582 63,947 54,658 - -
Enterprise Value (EV) 1 29,543 27,976 35,137 28,979 46,944 38,521 35,326 32,631
P/E ratio 9.79 x 12.6 x 4.71 x 3.05 x 5.7 x 5.31 x 5.27 x 5.08 x
Yield 3.42% 2.63% 6.55% 10.2% 5.95% 6.66% 6.7% 6.89%
Capitalization / Revenue 0.45 x 0.47 x 0.52 x 0.38 x 0.41 x 0.35 x 0.34 x 0.33 x
EV / Revenue 0.28 x 0.28 x 0.32 x 0.2 x 0.3 x 0.24 x 0.22 x 0.2 x
EV / EBITDA 2.2 x 2.55 x 1.77 x 1.28 x 1.71 x 1.54 x 1.41 x 1.23 x
EV / FCF 11.5 x 8.24 x 5.53 x 2.62 x 6.76 x 5.71 x 5.13 x 3.97 x
FCF Yield 8.69% 12.1% 18.1% 38.2% 14.8% 17.5% 19.5% 25.2%
Price to Book 0.82 x 0.78 x 0.72 x 0.57 x 0.65 x 0.56 x 0.53 x 0.5 x
Nbr of stocks (in thousands) 658,122 658,863 659,685 645,288 640,854 632,585 - -
Reference price 2 73.14 72.23 88.49 83.38 100.8 86.90 86.90 86.90
Announcement Date 12/03/20 17/03/21 10/03/22 15/03/23 21/03/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 104,210 98,990 111,239 142,610 155,498 158,136 162,331 166,037
EBITDA 1 13,428 10,969 19,895 22,565 27,456 25,032 25,142 26,610
EBIT 1 7,411 4,830 13,400 13,999 18,482 16,106 15,720 16,125
Operating Margin 7.11% 4.88% 12.05% 9.82% 11.89% 10.19% 9.68% 9.71%
Earnings before Tax (EBT) 1 7,118 5,222 16,060 23,509 17,096 15,631 15,827 16,137
Net income 1 5,022 3,775 12,382 17,941 11,290 10,680 10,585 10,858
Net margin 4.82% 3.81% 11.13% 12.58% 7.26% 6.75% 6.52% 6.54%
EPS 2 7.470 5.730 18.77 27.31 17.67 16.38 16.49 17.10
Free Cash Flow 1 2,567 3,395 6,354 11,071 6,942 6,744 6,888 8,211
FCF margin 2.46% 3.43% 5.71% 7.76% 4.46% 4.26% 4.24% 4.95%
FCF Conversion (EBITDA) 19.12% 30.95% 31.94% 49.06% 25.28% 26.94% 27.39% 30.86%
FCF Conversion (Net income) 51.12% 89.93% 51.32% 61.71% 61.49% 63.15% 65.07% 75.62%
Dividend per Share 2 2.500 1.900 5.800 8.500 6.000 5.791 5.826 5.988
Announcement Date 12/03/20 17/03/21 10/03/22 15/03/23 21/03/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1 2025 Q2
Net sales 1 43,225 55,360 28,408 31,142 34,770 65,912 37,176 39,522 36,853 37,219 74,072 38,458 42,968 36,614 38,791 74,907 38,892 44,123 82,657 - -
EBITDA 1 - - 4,171 5,179 5,570 - 5,876 5,940 - 6,606 - 6,534 6,653 - 6,791 - 6,480 6,118 - - -
EBIT 1 709 8,030 2,487 3,391 3,426 6,817 3,682 3,500 5,375 4,343 9,718 4,352 4,412 4,054 4,305 8,332 3,994 4,035 8,823 - -
Operating Margin 1.64% 14.51% 8.75% 10.89% 9.85% 10.34% 9.9% 8.86% 14.58% 11.67% 13.12% 11.32% 10.27% 11.07% 11.1% 11.12% 10.27% 9.14% 10.67% - -
Earnings before Tax (EBT) - - 2,907 12,227 3,929 16,156 4,100 - 5,129 4,222 9,351 4,063 3,682 4,162 - - - - - - -
Net income 1 - - 2,238 10,141 3,047 13,232 3,175 2,179 3,420 2,958 6,620 2,931 2,388 2,791 2,799 - 2,579 2,127 - - -
Net margin - - 7.88% 32.56% 8.76% 20.08% 8.54% 5.51% 9.28% 7.95% 8.94% 7.62% 5.56% 7.62% 7.22% - 6.63% 4.82% - - -
EPS 2 - 11.50 3.390 15.33 4.300 19.63 4.250 3.430 5.310 4.390 - 4.200 3.770 4.420 4.760 - 3.490 4.020 - - -
Dividend per Share 2 - - - - - - - - - - - - - - 6.000 - - - - - 6.000
Announcement Date 05/08/20 03/08/21 10/03/22 05/05/22 03/08/22 03/08/22 03/11/22 15/03/23 04/05/23 03/08/23 03/08/23 03/11/23 21/03/24 08/05/24 - - - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 17,577 18,645 22,362 24,603 17,003 16,137 19,332 22,027
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 2,567 3,395 6,354 11,071 6,942 6,744 6,888 8,211
ROE (net income / shareholders' equity) 8.75% 6.28% 18.3% 22.2% 12.8% 12.1% 10.9% 10.7%
ROA (Net income/ Total Assets) 2.41% 1.7% 5.55% 7.53% 4.54% 5.1% 5.29% 6.21%
Assets 1 208,555 222,347 223,091 238,225 248,908 209,271 199,952 174,804
Book Value Per Share 2 89.30 92.40 124.0 146.0 154.0 154.0 164.0 173.0
Cash Flow per Share 2 16.10 20.10 24.10 39.30 30.20 31.70 30.10 28.90
Capex 1 6,902 6,150 7,518 9,050 10,881 11,692 11,185 10,902
Capex / Sales 6.62% 6.21% 6.76% 6.35% 7% 7.39% 6.89% 6.57%
Announcement Date 12/03/20 17/03/21 10/03/22 15/03/23 21/03/24 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
22
Last Close Price
86.9 EUR
Average target price
113.7 EUR
Spread / Average Target
+30.87%
Consensus
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