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 44,406 - -
Change - 38.25% -40.12% -14.16% -21.47% -2.52% - -
Enterprise Value (EV) 1 54,829 86,164 24,561 17,718 9,487 8,495 5,708 -818.7
Change - 57.15% -71.49% -27.86% -46.46% -10.46% -32.8% -114.34%
P/E ratio 9.15x 5.99x 3.92x 3.5x - 4.66x 3.64x 3.11x
PBR 0.6x 0.62x 0.35x 0.32x - 0.24x 0.22x 0.21x
PEG - 0.1x 29.06x 0.45x - - 0.1x 0.2x
Capitalization / Revenue 0.37x 0.45x 0.24x 0.18x 0.14x 0.14x 0.13x 0.13x
EV / Revenue 0.25x 0.34x 0.09x 0.05x 0.03x 0.03x 0.02x -0x
EV / EBITDA 2.16x 2.66x 0.65x 0.49x 0.26x 0.24x 0.14x -0.02x
EV / EBIT 5.17x 4.47x 1.11x 0.78x 0.5x 0.52x 0.28x -0.04x
EV / FCF 4.01x 3.93x 3.31x 1.66x 1.71x 1.19x 0.56x -0.07x
FCF Yield 24.9% 25.4% 30.2% 60.4% 58.4% 83.8% 177% -1,461%
Dividend per Share 2 4.86 7.56 7.5 9 - 6.058 7.148 8.054
Rate of return 3.19% 4.26% 6.44% 8.05% - 6.85% 8.08% 9.1%
EPS 2 16.66 29.65 29.69 31.98 - 18.99 24.33 28.48
Distribution rate 29.2% 25.5% 25.3% 28.1% - 31.9% 29.4% 28.3%
Net sales 1 222,884 250,200 279,232 322,284 324,656 325,163 332,765 342,580
EBITDA 1 25,392 32,359 37,721 36,513 36,796 35,296 39,757 41,053
EBIT 1 10,606 19,275 22,124 22,576 19,060 16,364 20,066 22,191
Net income 1 8,824 14,843 14,867 16,013 10,721 9,817 13,174 14,962
Net Debt 1 -26,796 -26,685 -43,015 -40,289 -36,066 -35,912 -38,698 -45,225
Reference price 2 152.42 177.48 116.42 111.80 89.04 88.46 88.46 88.46
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.($)
4.66x0.03x0.25x6.85% 51.53B
7.5x1.18x8.39x3.57% 228B
7.14x0.12x0.98x6.41% 54.91B
6.83x-0.01x-0.08x5.58% 52.37B
5.34x0.22x1.98x1.18% 46.42B
10.08x0.2x3.03x5.75% 41.44B
8.64x0.59x7.23x5.2% 41.03B
29.77x2.78x19.12x0.79% 38.83B
4.18x0.95x9.3x5.91% 32.71B
12.91x0.64x5.49x0.92% 28.78B
Average 9.70x 0.67x 5.57x 4.22% 61.6B
Weighted average by Cap. 8.74x 0.77x 5.99x 4.17%
See all sector valuations

Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Volkswagen AG