Financials BMW AG

Equities

BMW

DE0005190003

Auto & Truck Manufacturers

Market Closed - Xetra Other stock markets 16:38:23 04/12/2024 GMT			After market 20:59:58
73.44 ^EUR	+2.28%		73.41	-0.04%

09:55am	BMW to Appoint Former CFO as Supervisory Board Chairman	MT
09:03am	BMW to Appoint Former CFO as Supervisory Board Chairman	MT

Projected Income Statement: BMW AG

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	104,210	98,990	111,239	142,610	155,498	149,094	150,877	154,833
Change	-	-5.01%	12.37%	28.2%	9.04%	-4.12%	1.2%	2.62%
EBITDA ¹	13,428	10,969	19,895	22,565	27,456	21,641	21,627	23,112
Change	-	-18.31%	81.37%	13.42%	21.68%	-21.18%	-0.07%	6.87%
EBIT ¹	7,411	4,830	13,400	13,999	18,482	12,494	12,819	13,615
Change	-	-34.83%	177.43%	4.47%	32.02%	-32.4%	2.6%	6.21%
Interest Paid ¹	-787	-644	-165	-251	-656	-733.8	-849.6	-768.7
Earnings before Tax (EBT) ¹	7,118	5,222	16,060	23,509	17,096	12,271	12,783	13,614
Change	-	-26.64%	207.55%	46.38%	-27.28%	-28.22%	4.17%	6.5%
Net income ¹	5,022	3,775	12,382	17,941	11,290	8,080	8,590	8,969
Change	-	-24.83%	228%	44.9%	-37.07%	-28.43%	6.31%	4.41%
Announcement Date	12/03/20	17/03/21	10/03/22	15/03/23	21/03/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: Dezember	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	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	29,366	23,252	19,973	26,283	29,482	26,778	28,582	27,471	28,408	31,142	34,770	37,176	39,522	36,853	37,219	38,458	42,968	36,614	36,944	32,406	42,396	36,660	38,946
Change	-	-20.82%	-14.1%	31.59%	12.17%	-9.17%	6.74%	-3.89%	3.41%	9.62%	11.65%	6.92%	6.31%	-6.75%	0.99%	3.33%	11.73%	-14.79%	0.9%	-12.28%	30.83%	-13.53%	6.24%
EBITDA ¹	-	-	-	-	-	-	-	4,596	4,171	5,179	5,570	5,876	5,940	-	6,606	6,534	6,653	-	6,049	3,823	4,510	-	-
Change	-	-	-	-	-	-	-	-	-9.25%	24.17%	7.55%	5.49%	1.09%	-100%	-	-1.09%	1.82%	-100%	-	-36.8%	17.96%	-100%	-
EBIT ¹	2,332	1,375	-666	1,924	2,197	3,025	5,005	2,883	2,487	3,391	3,426	3,682	3,500	5,375	4,343	4,352	4,412	4,054	3,877	1,696	3,047	3,345	3,457
Change	-	-41.04%	-	-	14.19%	37.69%	65.45%	-42.4%	-13.74%	36.35%	1.03%	7.47%	-4.94%	53.57%	-19.2%	0.21%	1.38%	-8.11%	-4.37%	-56.25%	79.65%	9.79%	3.34%
Charge d'intérêts ¹	-202	-80	-109	-67	-106	-55	-40	-81	11	-36	138	-85	-64	-94	-144	-125	-287	-151	-165	-184	-287	-	-
Earnings before Tax (EBT) ¹	2,055	798	-300	2,464	2,260	3,757	5,979	3,417	2,907	12,227	3,929	4,100	-	5,129	4,222	4,063	3,682	4,162	3,861	838	3,286	-	-
Change	-	-61.17%	-	-	-8.28%	66.24%	59.14%	-42.85%	-14.93%	320.61%	-67.87%	4.35%	-100%	-	-17.68%	-3.77%	-9.38%	13.04%	-7.23%	-78.3%	292.12%	-100%	-
Net income ¹	1,408	554	-230	1,786	1,665	2,811	4,769	2,564	2,238	10,141	3,047	3,175	2,179	3,420	2,958	2,931	2,388	2,791	2,613	389	2,318	-	-
Change	-	-60.65%	-	-	-6.77%	68.83%	69.65%	-46.24%	-12.71%	353.13%	-69.95%	4.2%	-31.37%	56.95%	-13.51%	-0.91%	-18.53%	16.88%	-6.38%	-85.11%	495.89%	-100%	-
Announcement Date	12/03/20	06/05/20	05/08/20	04/11/20	17/03/21	07/05/21	03/08/21	03/11/21	10/03/22	05/05/22	03/08/22	03/11/22	15/03/23	04/05/23	03/08/23	03/11/23	21/03/24	08/05/24	01/08/24	06/11/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: Dezember	2020 S1	2021 S1	2022 S1	2023 S1	2024 S1	2024 S2
Net sales ¹	43,225	55,360	65,912	74,072	73,558	78,981
Change	-	28.07%	19.06%	12.38%	-0.69%	7.37%
EBITDA	-	-	-	-	-	-
Change	-	-	-	-	-	-
EBIT ¹	709	8,030	6,817	9,718	7,931	5,364
Change	-	1,032.58%	-15.11%	42.56%	-18.39%	-32.37%
Charge d'intérêts	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	16,156	9,351	8,023	-
Change	-	-	-	-42.12%	-14.2%	-100%
Net income	-	-	13,232	6,620	5,404	-
Change	-	-	-	-49.97%	-18.37%	-100%
Announcement Date	05/08/20	03/08/21	03/08/22	03/08/23	01/08/24	-

¹EUR in Million

Estimates

Forecast Balance Sheet: BMW AG

Fiscal Period: Dezember	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-17,577	-18,645	-22,362	-24,603	-17,003	-12,433	-14,627	-14,666
Change	-	-206.08%	-219.94%	-210.02%	-169.11%	-173.12%	-217.65%	-200.27%
Announcement Date	12/03/20	17/03/21	10/03/22	15/03/23	21/03/24	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: BMW AG

Fiscal Period: Dezember	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	6,902	6,150	7,518	9,050	10,881	11,358	10,595	10,308
Change	-	-10.9%	22.24%	20.38%	20.23%	4.38%	-6.72%	-2.71%
Free Cash Flow (FCF) ¹	2,567	3,395	6,354	11,071	6,942	3,984	6,198	6,494
Change	-	32.26%	87.16%	74.24%	-37.3%	-42.61%	55.56%	4.78%
Announcement Date	12/03/20	17/03/21	10/03/22	15/03/23	21/03/24	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: BMW AG

Fiscal Period: Dezember	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	12.89%	11.08%	17.88%	15.82%	17.66%	14.52%	14.33%	14.93%
EBIT Margin (%)	7.11%	4.88%	12.05%	9.82%	11.89%	8.38%	8.5%	8.79%
EBT Margin (%)	6.83%	5.28%	14.44%	16.48%	10.99%	8.23%	8.47%	8.79%
Net margin (%)	4.82%	3.81%	11.13%	12.58%	7.26%	5.42%	5.69%	5.79%
FCF margin (%)	2.46%	3.43%	5.71%	7.76%	4.46%	2.67%	4.11%	4.19%
FCF / Net Income (%)	51.12%	89.93%	51.32%	61.71%	61.49%	49.31%	72.15%	72.41%
Profitability
ROA	2.41%	1.7%	5.55%	7.53%	4.54%	4.19%	4.6%	5.46%
ROE	8.75%	6.28%	18.31%	22.22%	12.78%	8.7%	8.9%	8.75%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	6.62%	6.21%	6.76%	6.35%	7%	7.62%	7.02%	6.66%
CAPEX / EBITDA (%)	51.4%	56.07%	37.79%	40.11%	39.63%	52.48%	48.99%	44.6%
CAPEX / FCF (%)	268.87%	181.15%	118.32%	81.75%	156.74%	285.09%	170.95%	158.73%
Items per share
Cash flow per share ¹	16.09	20.11	24.11	39.34	30.25	25.75	27.15	25.47
Change	-	25%	19.87%	63.19%	-23.11%	-14.88%	5.45%	-6.2%
Dividend per Share ¹	2.5	1.9	5.8	8.5	6	4.58	4.706	5.036
Change	-	-24%	205.26%	46.55%	-29.41%	-23.66%	2.75%	7%
Book Value Per Share ¹	89.32	92.4	123.5	145.7	154.5	151.6	159.9	168
Change	-	3.44%	33.69%	17.95%	6.02%	-1.85%	5.48%	5.02%
EPS ¹	7.47	5.73	18.77	27.31	17.67	12.84	13.49	14.15
Change	-	-23.29%	227.57%	45.5%	-35.3%	-27.31%	5.02%	4.9%
Nbr of stocks (in thousands)	658,122	658,863	659,685	645,288	640,854	627,659	627,659	627,659
Announcement Date	12/03/20	17/03/21	10/03/22	15/03/23	21/03/24	-	-	-