Company Valuation: Volkswagen AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 112,849 67,576 58,007 45,553 52,367 45,376 - -
Change - -40.12% -14.16% -21.47% 14.96% -13.35% - -
Enterprise Value (EV) 1 86,164 24,561 17,718 9,487 17,870 10,798 5,604 -965.9
Change - -71.49% -27.86% -46.46% 88.36% -39.57% -48.1% -117.24%
P/E ratio 5.99x 3.92x 3.5x 4.16x 7.76x 4.28x 3.49x 3.09x
PBR 0.62x 0.35x 0.32x 0.24x 0.28x 0.23x 0.22x 0.21x
PEG - 29.06x 0.45x -0.1x -0.2x 0.1x 0.2x 0.2x
Capitalization / Revenue 0.45x 0.24x 0.18x 0.14x 0.16x 0.14x 0.14x 0.13x
EV / Revenue 0.34x 0.09x 0.05x 0.03x 0.06x 0.03x 0.02x -0x
EV / EBITDA 2.66x 0.65x 0.49x 0.26x 0.56x 0.29x 0.13x -0.02x
EV / EBIT 4.47x 1.11x 0.78x 0.5x 2.02x 0.66x 0.29x -0.05x
EV / FCF 3.93x 3.31x 1.66x 1.71x 3.1x 1.82x 1x -0.09x
FCF Yield 25.4% 30.2% 60.4% 58.4% 32.3% 55.1% 100% -1,125%
Dividend per Share 2 7.56 8.76 9 6.36 5.26 6.204 7.575 8.394
Rate of return 4.26% 7.52% 8.05% 7.14% 5.08% 6.97% 8.51% 9.43%
EPS 2 29.65 29.69 31.98 21.42 13.35 20.81 25.49 28.81
Distribution rate 25.5% 29.5% 28.1% 29.7% 39.4% 29.8% 29.7% 29.1%
Net sales 1 250,200 279,232 322,284 324,656 321,913 326,890 335,864 342,586
EBITDA 1 32,359 37,721 36,513 36,796 32,102 37,404 43,550 44,680
EBIT 1 19,275 22,124 22,576 19,060 8,868 16,248 19,442 21,275
Net income 1 14,843 14,867 16,013 10,721 6,673 10,499 13,079 14,251
Net Debt 1 -26,685 -43,015 -40,289 -36,066 -34,497 -34,578 -39,772 -46,342
Reference price 2 177.48 116.42 111.80 89.04 103.55 89.04 89.04 89.04
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 ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
4.28x0.03x0.29x6.97% 53.26B
11.23x1.46x13.08x2.9% 272B
10.58x1.27x13.61x2.35% 76.67B
6.34x0.31x2.49x0.96% 69.08B
9.17x0.16x1.5x6.06% 59.98B
7.9x0.03x0.25x4.84% 59.75B
-338.45x0.26x3.71x4.96% 48.65B
25.21x2.37x16.28x0.89% 39.13B
13.55x0.55x7.17x2.25% 34.45B
-21.06x0.57x9.74x5.56% 31.05B
Average -27.13x 0.70x 6.81x 3.77% 74.39B
Weighted average by Cap. -13.60x 0.90x 8.42x 3.48%

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

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