Financials Siemens AG Deutsche Boerse AG

Equities

SIE

DE0007236101

Electrical Components & Equipment

Market Closed - Deutsche Boerse AG 20:00:24 17/05/2024 BST 5-day change 1st Jan Change
173.2 EUR -1.02% Intraday chart for Siemens AG -7.60% +2.16%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 77,645 85,907 113,299 79,905 107,367 135,259 - -
Enterprise Value (EV) 1 100,432 116,433 152,454 120,076 143,879 170,383 166,679 162,904
P/E ratio 15.5 x 21.9 x 18.7 x 22 x 13.7 x 16.8 x 15 x 13.9 x
Yield 3.97% 3.24% 2.82% 4.2% 3.46% 2.89% 3.05% 3.33%
Capitalization / Revenue 0.89 x 1.5 x 1.82 x 1.11 x 1.38 x 1.69 x 1.6 x 1.51 x
EV / Revenue 1.16 x 2.04 x 2.45 x 1.67 x 1.85 x 2.13 x 1.97 x 1.82 x
EV / EBITDA 9.49 x 15.3 x 16.8 x 11.2 x 10.2 x 11.6 x 10.4 x 9.29 x
EV / FCF 17.2 x 16 x 18.2 x 14.2 x 14.4 x 19.2 x 16.5 x 14.3 x
FCF Yield 5.82% 6.24% 5.49% 7.02% 6.96% 5.21% 6.06% 7.01%
Price to Book 1.65 x 2.39 x 2.56 x 1.68 x 2.24 x 2.68 x 2.48 x 2.28 x
Nbr of stocks (in thousands) 790,281 796,319 798,333 789,577 791,442 783,835 - -
Reference price 2 98.25 107.9 141.9 101.2 135.7 172.6 172.6 172.6
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 80,095 84,525 89,497
EBITDA 1 10,582 7,601 9,091 10,759 14,163 14,671 16,057 17,528
EBIT 1 6,888 5,040 6,494 9,285 9,649 11,483 12,609 13,914
Operating Margin 7.93% 8.82% 10.43% 12.9% 12.41% 14.34% 14.92% 15.55%
Earnings before Tax (EBT) 1 7,518 5,672 7,496 7,154 11,201 11,643 13,118 14,312
Net income 1 5,174 4,030 6,161 3,723 7,949 8,224 9,007 9,663
Net margin 5.96% 7.05% 9.89% 5.17% 10.22% 10.27% 10.66% 10.8%
EPS 2 6.320 4.930 7.590 4.590 9.910 10.30 11.47 12.39
Free Cash Flow 1 5,846 7,261 8,364 8,433 10,021 8,875 10,094 11,422
FCF margin 6.73% 12.71% 13.43% 11.72% 12.89% 11.08% 11.94% 12.76%
FCF Conversion (EBITDA) 55.24% 95.53% 92% 78.38% 70.75% 60.49% 62.86% 65.17%
FCF Conversion (Net income) 112.99% 180.17% 135.76% 226.51% 126.07% 107.91% 112.06% 118.21%
Dividend per Share 2 3.900 3.500 4.000 4.250 4.700 4.981 5.268 5.738
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
Net sales 1 16,497 17,040 17,867 20,573 18,070 19,416 18,889 21,393 18,412 19,162 19,612 22,383 19,678
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 2,449 3,632 2,882
Operating Margin 11.55% 7.8% 13.61% 17.6% 12.32% 11.45% 9.74% 13.59% 12.63% 10.89% 12.49% 16.23% 14.65%
Earnings before Tax (EBT) 2,447 1,751 -912 3,869 2,223 4,142 1,985 2,851 3,259 2,294 - - -
Net income 1 1,643 1,034 -1,655 2,701 1,477 3,476 1,278 1,718 2,389 2,033 1,722 2,092 2,112
Net margin 9.96% 6.07% -9.26% 13.13% 8.17% 17.9% 6.77% 8.03% 12.98% 10.61% 8.78% 9.35% 10.73%
EPS 2 2.020 1.270 -2.060 3.360 1.850 4.340 1.610 2.140 2.990 2.540 2.081 2.544 2.488
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 35,124 31,420 27,646
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.153 x 4.016 x 4.307 x 3.734 x 2.578 x 2.394 x 1.957 x 1.577 x
Free Cash Flow 1 5,846 7,261 8,364 8,433 10,021 8,875 10,094 11,422
ROE (net income / shareholders' equity) 11.1% 9.54% 15.3% 8% 16.4% 17% 17.2% 17.5%
ROA (Net income/ Total Assets) 3.58% 2.94% 4.46% 2.56% 5.36% 5.74% 6.19% 6.32%
Assets 1 144,582 137,075 138,220 145,430 148,286 143,267 145,544 152,975
Book Value Per Share 2 59.60 45.10 55.30 60.30 60.50 64.30 69.60 75.70
Cash Flow per Share 2 10.30 10.80 12.30 12.60 15.30 14.40 15.30 16.10
Capex 1 2,610 1,601 1,632 1,808 2,218 2,274 2,467 2,562
Capex / Sales 3.01% 2.8% 2.62% 2.51% 2.85% 2.84% 2.92% 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
172.6 EUR
Average target price
196.5 EUR
Spread / Average Target
+13.86%
Consensus