Financials Siemens AG

Equities

SIE

DE0007236101

Electrical Components & Equipment

Market Closed - Xetra 16:37:37 26/04/2024 BST 5-day change 1st Jan Change
177.6 EUR +2.26% Intraday chart for Siemens AG +2.69% +4.53%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 77,645 85,907 113,299 79,905 107,367 139,259 - -
Enterprise Value (EV) 1 100,432 116,433 152,454 120,076 143,879 173,942 170,797 167,910
P/E ratio 15.5 x 21.9 x 18.7 x 22 x 13.7 x 17.4 x 16.1 x 14.3 x
Yield 3.97% 3.24% 2.82% 4.2% 3.46% 2.79% 2.96% 3.27%
Capitalization / Revenue 0.89 x 1.5 x 1.82 x 1.11 x 1.38 x 1.73 x 1.64 x 1.55 x
EV / Revenue 1.16 x 2.04 x 2.45 x 1.67 x 1.85 x 2.16 x 2.01 x 1.87 x
EV / EBITDA 9.49 x 15.3 x 16.8 x 11.2 x 10.2 x 11.8 x 10.7 x 9.55 x
EV / FCF 17.2 x 16 x 18.2 x 14.2 x 14.4 x 20.6 x 16.8 x 15.3 x
FCF Yield 5.82% 6.24% 5.49% 7.02% 6.96% 4.86% 5.93% 6.53%
Price to Book 1.65 x 2.39 x 2.56 x 1.68 x 2.24 x 2.78 x 2.57 x 2.37 x
Nbr of stocks (in thousands) 790,281 796,319 798,333 789,577 791,442 784,030 - -
Reference price 2 98.25 107.9 141.9 101.2 135.7 177.6 177.6 177.6
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: Septiembre 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 86,849 57,139 62,265 71,977 77,769 80,435 84,825 89,850
EBITDA 1 10,582 7,601 9,091 10,759 14,163 14,699 15,993 17,586
EBIT 1 6,888 5,040 6,494 9,285 9,649 11,386 12,653 13,962
Operating Margin 7.93% 8.82% 10.43% 12.9% 12.41% 14.16% 14.92% 15.54%
Earnings before Tax (EBT) 1 7,518 5,672 7,496 7,154 11,201 11,813 12,995 14,430
Net income 1 5,174 4,030 6,161 3,723 7,949 8,167 8,771 9,679
Net margin 5.96% 7.05% 9.89% 5.17% 10.22% 10.15% 10.34% 10.77%
EPS 2 6.320 4.930 7.590 4.590 9.910 10.21 11.06 12.45
Free Cash Flow 1 5,846 7,261 8,364 8,433 10,021 8,446 10,137 10,969
FCF margin 6.73% 12.71% 13.43% 11.72% 12.89% 10.5% 11.95% 12.21%
FCF Conversion (EBITDA) 55.24% 95.53% 92% 78.38% 70.75% 57.46% 63.38% 62.38%
FCF Conversion (Net income) 112.99% 180.17% 135.76% 226.51% 126.07% 103.42% 115.57% 113.33%
Dividend per Share 2 3.900 3.500 4.000 4.250 4.700 4.963 5.251 5.801
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 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
Net sales 1 17,444 16,497 17,040 17,867 20,573 18,070 19,416 18,889 21,393 18,412 19,269 19,803 22,496 19,736
EBITDA 2,178 3,025 2,386 3,311 4,853 2,910 3,298 2,638 3,579 - - - - -
EBIT 1 1,623 1,905 1,329 2,431 3,620 2,226 2,223 1,839 2,908 2,326 2,607 2,754 3,359 2,940
Operating Margin 9.3% 11.55% 7.8% 13.61% 17.6% 12.32% 11.45% 9.74% 13.59% 12.63% 13.53% 13.91% 14.93% 14.9%
Earnings before Tax (EBT) 1 1,841 2,447 1,751 -912 3,869 2,223 4,142 1,985 2,851 3,259 2,515 - - -
Net income 1 1,167 1,643 1,034 -1,655 2,701 1,477 3,476 1,278 1,718 2,389 1,709 1,939 2,338 2,184
Net margin 6.69% 9.96% 6.07% -9.26% 13.13% 8.17% 17.9% 6.77% 8.03% 12.98% 8.87% 9.79% 10.39% 11.07%
EPS 2 1.430 2.020 1.270 -2.060 3.360 1.850 4.340 1.610 2.140 2.990 2.188 2.367 2.826 2.534
Dividend per Share 2 4.000 - 4.000 - 0.2500 - - - 4.700 - - - 5.200 -
Announcement Date 11/11/21 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 - - - -
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 34,682 31,538 28,651
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.153 x 4.016 x 4.307 x 3.734 x 2.578 x 2.36 x 1.972 x 1.629 x
Free Cash Flow 1 5,846 7,261 8,364 8,433 10,021 8,446 10,137 10,969
ROE (net income / shareholders' equity) 11.1% 9.54% 15.3% 8% 16.4% 16.5% 16.7% 17.9%
ROA (Net income/ Total Assets) 3.58% 2.94% 4.46% 2.56% 5.36% 5.42% 5.67% 6.21%
Assets 1 144,582 137,075 138,220 145,430 148,286 150,566 154,588 155,847
Book Value Per Share 2 59.60 45.10 55.30 60.30 60.50 63.90 69.10 74.80
Cash Flow per Share 2 10.30 10.80 12.30 12.60 15.30 14.40 15.40 16.20
Capex 1 2,610 1,601 1,632 1,808 2,218 2,317 2,472 2,576
Capex / Sales 3.01% 2.8% 2.62% 2.51% 2.85% 2.88% 2.91% 2.87%
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
A
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
20
Last Close Price
177.6 EUR
Average target price
190.8 EUR
Spread / Average Target
+7.44%
Consensus
  1. Stock Market
  2. Equities
  3. SIE Stock
  4. Financials Siemens AG