Projected Income Statement: Volkswagen AG

Forecast Balance Sheet: Volkswagen AG

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 -26,796 -26,685 -43,015 -40,289 -36,066 -34,480 -36,859 -42,634
Change - 0.41% -61.2% 6.34% 10.48% 4.4% -6.9% -15.67%
Announcement Date 26/02/21 15/03/22 14/03/23 13/03/24 11/03/25 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Volkswagen AG

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 11,065 10,496 22,454 25,513 27,446 26,812 25,798 25,108
Change - -5.14% 113.93% 13.62% 7.58% -2.31% -3.78% -2.68%
Free Cash Flow (FCF) 1 13,656 21,906 7,411 10,698 5,537 2,867 8,229 11,446
Change - 60.41% -66.17% 44.35% -48.24% -48.22% 187.01% 39.09%
Announcement Date 26/02/21 15/03/22 14/03/23 13/03/24 11/03/25 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Volkswagen AG

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 11.39% 12.93% 13.51% 11.33% 11.33% 10.75% 12.02% 12.04%
EBIT Margin (%) 4.76% 7.7% 7.92% 7.01% 5.87% 4.76% 5.8% 6.47%
EBT Margin (%) 5.23% 8.04% 7.89% 7.2% 5.18% 4.44% 5.63% 6.42%
Net margin (%) 3.96% 5.93% 5.32% 4.97% 3.3% 2.91% 3.74% 4.35%
FCF margin (%) 6.13% 8.76% 2.65% 3.32% 1.71% 0.88% 2.47% 3.33%
FCF / Net Income (%) 154.76% 147.58% 49.85% 66.81% 51.65% 30.27% 66.11% 76.66%

Profitability

        
ROA 1.79% 2.89% 2.72% 2.75% 1.74% 1.7% 2.14% 2.29%
ROE 7.09% 10.93% 9.6% 9.39% 6% 4.91% 6.46% 7.36%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 4.96% 4.2% 8.04% 7.92% 8.45% 8.23% 7.75% 7.31%
CAPEX / EBITDA (%) 43.58% 32.44% 59.53% 69.87% 74.59% 76.59% 64.5% 60.77%
CAPEX / FCF (%) 81.03% 47.91% 302.98% 238.48% 495.68% 935.17% 313.5% 219.36%

Items per share

        
Cash flow per share 1 49.31 77.07 56.84 75.51 - 56.59 53.89 58.13
Change - 56.28% -26.24% 32.83% - - -4.77% 7.86%
Dividend per Share 1 4.86 7.56 7.5 9 - 5.468 7.155 8.177
Change - 55.56% -0.79% 20% - - 30.84% 14.29%
Book Value Per Share 1 253.4 288.2 329.9 350.5 - 376 393.9 414.2
Change - 13.69% 14.49% 6.24% - - 4.76% 5.15%
EPS 1 16.66 29.65 29.69 31.98 - 18.34 24.16 28.58
Change - 77.97% 0.13% 7.71% - - 31.75% 18.3%
Nbr of stocks (in thousands) 501,295 501,295 501,295 501,295 - 501,295 501,295 501,295
Announcement Date 26/02/21 15/03/22 14/03/23 13/03/24 - - - -
1EUR
Estimates
2025 *2026 *
P/E ratio 4.91x 3.73x
PBR 0.24x 0.23x
EV / Sales 0.04x 0.03x
Yield 6.07% 7.94%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
90.12EUR
Average target price
115.05EUR
Spread / Average Target
+27.66%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. VOW3 Stock
  4. Financials Volkswagen AG