Company Valuation: Siemens AG

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 113,299 79,905 107,367 141,274 177,700 170,743 - -
Change - -29.47% 34.37% 31.58% 25.78% -3.91% - -
Enterprise Value (EV) 1 152,454 120,076 143,879 180,037 219,220 209,672 205,776 201,768
Change - -21.24% 19.82% 25.13% 21.76% -4.36% -1.86% -1.95%
P/E ratio 18.7x 22x 13.7x 17.5x 18.9x 21.1x 18.4x 16.6x
PBR 2.56x 1.68x 2.24x 2.79x 2.87x 2.59x 2.5x 2.2x
PEG - -0.6x 0x 3.69x 1.1x -1.6x 1.3x 1.5x
Capitalization / Revenue 1.82x 1.11x 1.38x 1.86x 2.25x 2.06x 1.92x 1.81x
EV / Revenue 2.45x 1.67x 1.85x 2.37x 2.78x 2.53x 2.32x 2.14x
EV / EBITDA 16.8x 11.2x 10.2x 13.3x 16.4x 14.2x 12.4x 10.9x
EV / EBIT 23.5x 12.9x 14.9x 18.8x 22.8x 16.8x 15.2x 13.3x
EV / FCF 18.2x 14.2x 14.4x 18.8x 20.3x 23.1x 20.1x 17.4x
FCF Yield 5.49% 7.02% 6.96% 5.32% 4.93% 4.33% 4.97% 5.74%
Dividend per Share 2 4 4.25 4.7 5.2 5.35 5.626 5.892 6.25
Rate of return 2.82% 4.2% 3.46% 2.87% 2.33% 2.55% 2.67% 2.84%
EPS 2 7.59 4.59 9.91 10.38 12.11 10.46 11.95 13.3
Distribution rate 52.7% 92.6% 47.4% 50.1% 44.2% 53.8% 49.3% 47%
Net sales 1 62,265 71,977 77,769 75,930 78,914 82,754 88,803 94,363
EBITDA 1 9,091 10,759 14,163 13,577 13,380 14,812 16,628 18,478
EBIT 1 6,494 9,285 9,649 9,593 9,594 12,491 13,520 15,177
Net income 1 6,161 3,723 7,949 8,301 9,620 8,266 9,505 10,536
Net Debt 1 39,155 40,171 36,512 38,763 41,520 38,929 35,033 31,025
Reference price 2 141.92 101.20 135.66 181.34 229.20 220.35 220.35 220.35
Nbr of stocks (in thousands) 798,333 789,577 791,442 779,054 775,303 774,870 - -
Announcement Date 11/11/21 17/11/22 16/11/23 14/11/24 13/11/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.06x2.53x14.16x2.55% 195B
31.4x3.82x18.05x1.67% 160B
28.77x4.82x20.11x1.21% 138B
37.91x4.84x21.93x1.19% 112B
97.11x12.91x69.34x0.32% 98.12B
47.69x7.2x30.21x0.09% 99.05B
26.81x4.46x15.54x1.67% 74.32B
30.09x6.23x19.55x0.62% 49.13B
28.94x4.11x17.38x1.72% 40.92B
31.41x4.88x21.28x1.53% 40.55B
Average 38.12x 5.58x 24.76x 1.26% 100.67B
Weighted average by Cap. 37.26x 5.26x 24.19x 1.38%

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

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