Company Valuation: Volkswagen AG

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 81,625 112,849 67,576 58,007 45,553 53,863 - -
Change - 38.25% -40.12% -14.16% -21.47% 18.24% - -
Enterprise Value (EV) 1 54,829 86,164 24,561 17,718 9,487 21,897 20,536 16,803
Change - 57.15% -71.49% -27.86% -46.46% 130.81% -6.22% -18.18%
P/E ratio 9.15x 5.99x 3.92x 3.5x - 10.2x 4.86x 4.01x
PBR 0.6x 0.62x 0.35x 0.32x - 0.28x 0.27x 0.26x
PEG - 0.1x 29.06x 0.45x - - 0x 0.2x
Capitalization / Revenue 0.37x 0.45x 0.24x 0.18x 0.14x 0.17x 0.16x 0.16x
EV / Revenue 0.25x 0.34x 0.09x 0.05x 0.03x 0.07x 0.06x 0.05x
EV / EBITDA 2.16x 2.66x 0.65x 0.49x 0.26x 0.63x 0.5x 0.37x
EV / EBIT 5.17x 4.47x 1.11x 0.78x 0.5x 2.24x 1.16x 0.81x
EV / FCF 4.01x 3.93x 3.31x 1.66x 1.71x -83.4x 5.58x 2.31x
FCF Yield 24.9% 25.4% 30.2% 60.4% 58.4% -1.2% 17.9% 43.3%
Dividend per Share 2 4.86 7.56 8.76 9 - 4.272 6.366 7.791
Rate of return 3.19% 4.26% 7.52% 8.05% - 4% 5.96% 7.3%
EPS 2 16.66 29.65 29.69 31.98 - 10.46 21.98 26.6
Distribution rate 29.2% 25.5% 29.5% 28.1% - 40.9% 29% 29.3%
Net sales 1 222,884 250,200 279,232 322,284 324,656 324,973 331,667 341,359
EBITDA 1 25,392 32,359 37,721 36,513 36,796 34,938 41,320 45,697
EBIT 1 10,606 19,275 22,124 22,576 19,060 9,784 17,647 20,828
Net income 1 8,824 14,843 14,867 16,013 10,721 5,164 11,018 13,429
Net Debt 1 -26,796 -26,685 -43,015 -40,289 -36,066 -31,966 -33,327 -37,060
Reference price 2 152.42 177.48 116.42 111.80 89.04 106.80 106.80 106.80
Nbr of stocks (in thousands) 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 11/03/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.21x0.07x0.63x4% 62.73B
11.6x1.37x11.98x3.06% 260B
9.26x0.37x3.43x0.72% 75.74B
11.64x0.2x2.09x3.86% 67.85B
18.09x0.27x4.58x4.93% 53.43B
6.67x1.05x11.2x3.87% 44.6B
29.67x2.74x18.76x0.76% 45.08B
12.76x0.57x9.42x4.65% 39.22B
11.89x0.67x4.86x2.07% 28.22B
9.17x0.62x6.58x3.57% 23.82B
Average 13.10x 0.79x 7.35x 3.15% 70.04B
Weighted average by Cap. 12.57x 0.92x 8.29x 3.08%
See all sector valuations

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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