Financials Siemens Limited

Equities

SIEMENS

INE003A01024

Heavy Electrical Equipment

Market Closed - NSE India S.E. 12:43:54 27/06/2024 BST 5-day change 1st Jan Change
7,832 INR +3.09% Intraday chart for Siemens Limited +3.90% +94.60%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 539,896 450,314 758,322 986,738 1,307,852 2,789,205 - -
Enterprise Value (EV) 1 488,086 392,049 707,861 923,975 1,235,673 2,703,959 2,687,522 2,668,511
P/E ratio 49.7 x 59.5 x 68.8 x 64.5 x 68.4 x 109 x 93.4 x 72.3 x
Yield 0.46% 0.55% 0.38% 0.36% 0.27% 0.18% 0.21% 0.26%
Capitalization / Revenue 3.95 x 4.27 x 5.85 x 6.65 x 7.28 x 12.8 x 10.5 x 8.51 x
EV / Revenue 3.57 x 3.72 x 5.46 x 6.23 x 6.88 x 12.4 x 10.1 x 8.15 x
EV / EBITDA 33.1 x 39.6 x 48.5 x 57.5 x 55.2 x 92.7 x 75.4 x 58.7 x
EV / FCF 43.9 x 59.5 x 57.8 x 115 x 123 x 141 x 148 x 94.1 x
FCF Yield 2.28% 1.68% 1.73% 0.87% 0.81% 0.71% 0.68% 1.06%
Price to Book 5.97 x 4.75 x 7.33 x 8.51 x 10 x 18.5 x 16 x 13.3 x
Nbr of stocks (in thousands) 356,120 356,120 356,120 356,120 356,120 356,120 - -
Reference price 2 1,516 1,264 2,129 2,771 3,672 7,832 7,832 7,832
Announcement Date 19/11/19 25/11/20 24/11/21 22/11/22 28/11/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 136,838 105,407 129,631 148,315 179,651 218,531 265,889 327,607
EBITDA 1 14,757 9,903 14,594 16,070 22,402 29,184 35,662 45,485
EBIT 1 12,584 7,399 12,312 13,974 20,167 26,328 31,779 39,325
Operating Margin 9.2% 7.02% 9.5% 9.42% 11.23% 12.05% 11.95% 12%
Earnings before Tax (EBT) 1 16,416 10,206 14,306 16,802 25,451 33,966 39,704 51,665
Net income 1 10,869 7,565 11,030 15,308 19,113 25,445 29,841 36,946
Net margin 7.94% 7.18% 8.51% 10.32% 10.64% 11.64% 11.22% 11.28%
EPS 2 30.52 21.24 30.97 42.98 53.67 71.90 83.85 108.4
Free Cash Flow 1 11,108 6,593 12,241 8,028 10,006 19,211 18,146 28,371
FCF margin 8.12% 6.25% 9.44% 5.41% 5.57% 8.79% 6.82% 8.66%
FCF Conversion (EBITDA) 75.27% 66.58% 83.88% 49.96% 44.67% 65.83% 50.88% 62.37%
FCF Conversion (Net income) 102.2% 87.15% 110.98% 52.44% 52.35% 75.5% 60.81% 76.79%
Dividend per Share 2 7.000 7.000 8.000 10.00 10.00 14.11 16.55 20.38
Announcement Date 19/11/19 25/11/20 24/11/21 22/11/22 28/11/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2019 S2 2021 Q3 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 Q4
Net sales 1 73,271 27,080 39,997 32,399 36,285 68,684 39,148 43,314 36,453 44,652 81,105 44,731 53,815 44,358 52,826 54,000
EBITDA 1 - 2,283 4,287 3,319 4,454 7,773 3,790 4,696 5,492 5,549 11,041 5,049 6,312 5,230 6,210 -
EBIT - 1,738 3,747 2,781 3,919 - - - - - - - - - - -
Operating Margin - 6.42% 9.37% 8.58% 10.8% - - - - - - - - - - -
Earnings before Tax (EBT) - 2,145 4,304 3,298 4,448 7,746 3,980 5,240 5,876 6,817 12,693 5,641 7,117 - - -
Net income 1 5,786 1,615 3,230 2,453 3,289 5,742 2,937 6,628 4,376 5,160 9,536 4,237 5,340 4,634 5,649 -
Net margin 7.9% 5.96% 8.08% 7.57% 9.06% 8.36% 7.5% 15.3% 12% 11.56% 11.76% 9.47% 9.92% 10.45% 10.69% -
EPS - 4.540 9.070 6.890 9.230 - 8.250 - - - - 11.90 - - - -
Dividend per Share - - - - - - - - - - - - - - - -
Announcement Date 19/11/19 10/08/21 24/11/21 04/02/22 12/05/22 12/05/22 02/08/22 22/11/22 14/02/23 11/05/23 11/05/23 08/08/23 28/11/23 13/02/24 - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 51,810 58,265 50,461 62,763 72,179 85,246 101,684 120,694
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 11,108 6,593 12,241 8,028 10,006 19,211 18,146 28,371
ROE (net income / shareholders' equity) 12.5% 8.17% 11.1% 14% 15.5% 18.1% 18.2% 20%
ROA (Net income/ Total Assets) 7.38% 4.9% - - - - - -
Assets 1 147,298 154,381 - - - - - -
Book Value Per Share 2 254.0 266.0 291.0 326.0 366.0 424.0 489.0 587.0
Cash Flow per Share 2 34.60 19.00 37.50 26.10 33.10 63.00 75.70 90.00
Capex 1 1,197 172 1,097 1,256 1,788 2,327 2,409 2,607
Capex / Sales 0.87% 0.16% 0.85% 0.85% 1% 1.06% 0.91% 0.8%
Announcement Date 19/11/19 25/11/20 24/11/21 22/11/22 28/11/23 - - -
1INR in Million2INR
Estimates
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