Financials Volkswagen AG

Equities

VOW3

DE0007664039

Auto & Truck Manufacturers

Market Closed - Xetra Other stock markets 16:35:42 06/12/2024 GMT			Pre-market 07:12:54
83.14 ^EUR	+1.17%		83.30	+0.19%

06:02am	VW, workers clash in latest round of talks over factory shutdowns	RE
05:51am	New warning strike accompanies fourth round of collective bargaining at VW	DP

Projected Income Statement: Volkswagen AG

income-statement-evolution-chart VOLKSWAGEN-AG

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	252,632	222,884	250,200	279,232	322,284	320,230	326,286	334,509
Change	-	-11.78%	12.26%	11.6%	15.42%	-0.64%	1.89%	2.52%
EBITDA ¹	43,735	25,392	32,359	37,721	36,513	33,406	39,375	44,307
Change	-	-41.94%	27.44%	16.57%	-3.2%	-8.51%	17.87%	12.53%
EBIT ¹	19,296	10,606	19,275	22,124	22,576	18,748	20,531	23,533
Change	-	-45.04%	81.74%	14.78%	2.04%	-16.96%	9.51%	14.62%
Interest Paid ¹	-1,953	-765	-1,471	-2,476	-1,673	-1,691	-1,951	-1,520
Earnings before Tax (EBT) ¹	18,356	11,667	20,126	22,044	23,194	17,304	20,250	23,949
Change	-	-36.44%	72.5%	9.53%	5.22%	-25.39%	17.02%	18.26%
Net income ¹	13,346	8,824	14,843	14,867	16,013	12,051	13,589	15,944
Change	-	-33.88%	68.21%	0.16%	7.71%	-24.74%	12.77%	17.33%
Announcement Date	28/02/20	26/02/21	15/03/22	14/03/23	13/03/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: Dezember	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	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
Net sales ¹	66,015	55,054	41,076	59,355	67,398	62,376	67,293	56,931	63,601	62,742	69,543	70,712	76,235	76,198	80,059	78,845	87,182	75,461	83,339	78,478	83,342
Change	-	-16.6%	-25.39%	44.5%	13.55%	-7.45%	7.88%	-15.4%	11.72%	-1.35%	10.84%	1.68%	7.81%	-0.05%	5.07%	-1.52%	10.57%	-13.44%	10.44%	-5.83%	6.2%
EBITDA ¹	10,958	4,385	1,981	7,004	12,021	8,110	9,542	5,600	8,904	11,530	7,784	10,034	-	9,934	11,717	9,270	10,180	8,601	9,732	7,407	6,892
Change	-	-59.98%	-54.82%	253.56%	71.63%	-32.53%	17.66%	-41.31%	59%	29.49%	-32.49%	28.91%	-100%	-	17.95%	-20.88%	9.82%	-15.51%	13.15%	-23.89%	-6.95%
EBIT ¹	4,501	904	-1,707	3,183	8,226	4,812	6,546	2,595	5,322	8,453	4,735	4,269	5,027	5,747	5,600	4,894	6,335	4,588	5,464	2,855	5,254
Change	-	-79.92%	-	-	158.44%	-41.5%	36.03%	-60.36%	105.09%	58.83%	-43.98%	-9.84%	17.76%	14.32%	-2.56%	-12.61%	29.44%	-27.58%	19.09%	-47.75%	84.02%
Charge d'intérêts ¹	-456	-351	-675	-432	693	-868	-236	-415	48	-55	-	-2,052	-555	171	-502	-24	-1,318	-593	-478	-915	-379.5
Earnings before Tax (EBT) ¹	3,719	682	-2,034	3,606	9,413	4,463	6,690	3,079	5,894	8,895	5,140	2,936	-	6,453	5,446	5,801	5,494	5,181	4,986	2,356	1,508
Change	-	-81.66%	-	-	161.04%	-52.59%	49.9%	-53.98%	91.43%	50.92%	-42.21%	-42.88%	-100%	-	-15.61%	6.52%	-5.29%	-5.7%	-3.76%	-52.75%	-36.01%
Net income ¹	2,682	405	-1,607	2,583	7,443	3,244	4,860	2,761	3,978	6,555	3,741	1,957	-	4,209	3,791	4,347	4,665	3,266	3,112	1,212	3,106
Change	-	-84.9%	-	-	188.15%	-56.42%	49.82%	-43.19%	44.08%	64.78%	-42.93%	-47.69%	-100%	-	-9.93%	14.67%	7.32%	-29.99%	-4.72%	-61.05%	156.24%
Announcement Date	28/02/20	29/04/20	30/07/20	29/10/20	26/02/21	06/05/21	29/07/21	28/10/21	15/03/22	04/05/22	28/07/22	28/10/22	14/03/23	04/05/23	27/07/23	26/10/23	13/03/24	30/04/24	01/08/24	30/10/24	-

¹EUR in Million

Estimates

Fiscal Period: Dezember	2021 S1	2022 S1	2023 S1	2024 S1
Net sales ¹	129,669	132,285	156,257	158,800
Change	-	2.02%	18.12%	1.63%
EBITDA	-	-	-	-
Change	-	-	-	-
EBIT ¹	-	13,188	11,347	10,052
Change	-	-	-13.96%	-11.41%
Charge d'intérêts	-	-	-	-
Earnings before Tax (EBT) ¹	-	-	11,898	10,167
Change	-	-	-	-14.55%
Net income ¹	-	-	8,521	6,378
Change	-	-	-	-25.15%
Announcement Date	29/07/21	28/07/22	27/07/23	01/08/24

¹EUR in Million

Estimates

Forecast Balance Sheet: Volkswagen AG

balance-sheet-analysis-chart VOLKSWAGEN-AG

Fiscal Period: Dezember	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-21,276	-26,796	-26,685	-43,015	-40,289	-36,967	-38,953	-44,164
Change	-	-225.94%	-199.59%	-261.2%	-193.66%	-191.75%	-205.37%	-213.38%
Announcement Date	28/02/20	26/02/21	15/03/22	14/03/23	13/03/24	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: Volkswagen AG

Fiscal Period: Dezember	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	14,007	11,065	10,496	22,454	25,513	27,072	26,399	24,990
Change	-	-21%	-5.14%	113.93%	13.62%	6.11%	-2.49%	-5.33%
Free Cash Flow (FCF) ¹	11,555	13,656	21,906	7,411	10,698	3,712	8,591	11,057
Change	-	18.18%	60.41%	-66.17%	44.35%	-65.31%	131.46%	28.71%
Announcement Date	28/02/20	26/02/21	15/03/22	14/03/23	13/03/24	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: Volkswagen AG

Fiscal Period: Dezember	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	17.31%	11.39%	12.93%	13.51%	11.33%	10.43%	12.07%	13.25%
EBIT Margin (%)	7.64%	4.76%	7.7%	7.92%	7.01%	5.85%	6.29%	7.03%
EBT Margin (%)	7.27%	5.23%	8.04%	7.89%	7.2%	5.4%	6.21%	7.16%
Net margin (%)	5.28%	3.96%	5.93%	5.32%	4.97%	3.76%	4.16%	4.77%
FCF margin (%)	4.57%	6.13%	8.76%	2.65%	3.32%	1.16%	2.63%	3.31%
FCF / Net Income (%)	86.58%	154.76%	147.58%	49.85%	66.81%	30.8%	63.22%	69.35%
Profitability
ROA	4.94%	1.79%	2.89%	2.72%	2.75%	2.54%	2.72%	3.06%
ROE	11.17%	7.09%	10.93%	9.6%	9.39%	6.19%	6.66%	7.21%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	5.54%	4.96%	4.2%	8.04%	7.92%	8.45%	8.09%	7.47%
CAPEX / EBITDA (%)	32.03%	43.58%	32.44%	59.53%	69.87%	81.04%	67.04%	56.4%
CAPEX / FCF (%)	121.22%	81.03%	47.91%	302.98%	238.48%	729.39%	307.29%	226.01%
Items per share
Cash flow per share ¹	61.39	49.31	77.07	56.84	75.51	53.03	54.43	61.02
Change	-	-19.67%	56.28%	-26.24%	32.83%	-29.77%	2.64%	12.11%
Dividend per Share ¹	6.56	4.86	7.56	7.5	9	6.354	7.39	8.835
Change	-	-25.91%	55.56%	-0.79%	20%	-29.4%	16.31%	19.55%
Book Value Per Share ¹	242.9	253.4	288.2	329.9	350.5	360	378.9	399.5
Change	-	4.33%	13.69%	14.49%	6.24%	2.72%	5.25%	5.45%
EPS ¹	26.66	16.66	29.65	29.69	31.98	23.27	25.97	30.26
Change	-	-37.51%	77.97%	0.13%	7.71%	-27.24%	11.61%	16.52%
Nbr of stocks (in thousands)	501,295	501,295	501,295	501,295	501,295	501,295	501,295	501,295
Announcement Date	28/02/20	26/02/21	15/03/22	14/03/23	13/03/24	-	-	-