Company Valuation: Volkswagen

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 112,849 67,576 58,007 45,553 52,367 36,378 - -
Change - -40.12% -14.16% -21.47% 14.96% -30.53% - -
Enterprise Value (EV) 1 86,164 24,561 17,718 9,487 17,870 -516.6 -3,164 -7,929
Change - -71.49% -27.86% -46.46% 88.36% -102.89% -512.44% -150.61%
P/E 5.99x 3.92x 3.5x 4.16x 7.76x 3.71x 2.99x 2.56x
PBR 0.62x 0.35x 0.32x 0.24x 0.28x 0.18x 0.17x 0.16x
PEG - 29.06x 0.45x -0.1x -0.2x 0.1x 0.1x 0.2x
Capitalization / Revenue 0.45x 0.24x 0.18x 0.14x 0.16x 0.11x 0.11x 0.11x
EV / Revenue 0.34x 0.09x 0.05x 0.03x 0.06x -0x -0.01x -0.02x
EV / EBITDA 2.66x 0.65x 0.49x 0.26x 0.56x -0.01x -0.08x -0.18x
EV / EBIT 4.47x 1.11x 0.78x 0.5x 2.02x -0.03x -0.17x -0.38x
EV / FCF 3.93x 3.31x 1.66x 1.71x 3.1x -0.1x -0.5x -0.78x
FCF Yield 25.4% 30.2% 60.4% 58.4% 32.3% -974% -200% -128%
Dividend per Share 2 7.56 8.76 9 6.36 5.26 5.734 7.045 8.12
Rate of return 4.26% 7.52% 8.05% 7.14% 5.08% 8.02% 9.85% 11.4%
EPS 2 29.65 29.69 31.98 21.42 13.35 19.3 23.91 27.98
Distribution rate 25.5% 29.5% 28.1% 29.7% 39.4% 29.7% 29.5% 29%
Net sales 1 250,200 279,232 322,284 324,656 321,913 324,749 331,515 340,461
EBITDA 1 32,359 37,721 36,513 36,796 32,102 36,273 40,083 43,719
EBIT 1 19,275 22,124 22,576 19,060 8,868 15,095 18,166 20,930
Net income 1 14,843 14,867 16,013 10,721 6,673 9,838 12,081 13,880
Net Debt 1 -26,685 -43,015 -40,289 -36,066 -34,497 -36,894 -39,542 -44,306
Reference price 2 177.48 116.42 111.80 89.04 103.55 71.52 71.52 71.52
Nbr of stocks (in thousands) 501,295 501,295 501,295 501,295 501,295 501,295 - -
Announcement Date 15/03/22 14/03/23 13/03/24 11/03/25 10/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.35x1.21x11.2x3.61% 206B
10x1.27x13.78x2.54% 67.71B
6.34x0.33x2.61x0.97% 69.11B
21.03x0.28x3.7x4.43% 54.23B
25.54x1.39x7.83x2.23% 48.35B
7.58x0.08x0.76x7.48% 46.39B
7.66x-0.07x-0.61x5.17% 40.47B
14.36x0.6x7.16x4.66% 36.01B
21.77x1.9x13.74x1.15% 36.12B
Average 13.74x 0.78x 6.69x 3.58% 67.15B
Weighted average by Cap. 12.21x 0.88x 7.88x 3.47%

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