Company Valuation: Siemens AG

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 113,299 79,905 107,367 141,274 177,700 207,606 - -
Change - -29.47% 34.37% 31.58% 25.78% 16.83% - -
Enterprise Value (EV) 1 152,454 120,076 143,879 180,037 219,220 247,029 244,064 240,119
Change - -21.24% 19.82% 25.13% 21.76% 12.69% -1.2% -1.62%
P/E 18.7x 22x 13.7x 17.5x 18.9x 25.5x 22.2x 19.8x
PBR 2.56x 1.68x 2.24x 2.79x 2.87x 3.22x 3.01x 2.76x
PEG - -0.6x 0x 3.69x 1.1x -2x 1.5x 1.6x
Capitalization / Revenue 1.82x 1.11x 1.38x 1.86x 2.25x 2.5x 2.32x 2.17x
EV / Revenue 2.45x 1.67x 1.85x 2.37x 2.78x 2.98x 2.72x 2.51x
EV / EBITDA 16.8x 11.2x 10.2x 13.3x 16.4x 16.3x 14.2x 12.5x
EV / EBIT 23.5x 12.9x 14.9x 18.8x 22.8x 20.9x 17.8x 15.3x
EV / FCF 18.2x 14.2x 14.4x 18.8x 20.3x 29.2x 22.2x 19.2x
FCF Yield 5.49% 7.02% 6.96% 5.32% 4.93% 3.43% 4.51% 5.22%
Dividend per Share 2 4 4.25 4.7 5.2 5.35 5.628 5.956 6.402
Rate of return 2.82% 4.2% 3.46% 2.87% 2.33% 2.08% 2.21% 2.37%
EPS 2 7.59 4.59 9.91 10.38 12.11 10.59 12.16 13.68
Distribution rate 52.7% 92.6% 47.4% 50.1% 44.2% 53.2% 49% 46.8%
Net sales 1 62,265 71,977 77,769 75,930 78,914 82,929 89,587 95,744
EBITDA 1 9,091 10,759 14,163 13,577 13,380 15,184 17,165 19,191
EBIT 1 6,494 9,285 9,649 9,593 9,594 11,841 13,729 15,690
Net income 1 6,161 3,723 7,949 8,301 9,620 8,453 9,773 11,038
Net Debt 1 39,155 40,171 36,512 38,763 41,520 39,423 36,458 32,513
Reference price 2 141.92 101.20 135.66 181.34 229.20 270.10 270.10 270.10
Nbr of stocks (in thousands) 798,333 789,577 791,442 779,054 775,303 768,626 - -
Announcement Date 11/11/21 17/11/22 16/11/23 14/11/24 13/11/25 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.52x2.98x16.27x2.08% 237B
17.81x2.41x10.66x2.86% 258B
29.07x3.76x17.35x1.7% 174B
35.5x5.48x23.34x1.05% 160B
46.54x6.2x26.83x0.94% 152B
52.27x8.36x34.03x0.08% 117B
102.78x14.16x73.97x0.29% 116B
27.89x4.6x16.06x1.62% 76.31B
32.24x6.73x20.97x0.58% 53.52B
37.2x6.05x24.99x1.23% 51.4B
Average 40.68x 6.07x 26.45x 1.24% 139.65B
Weighted average by Cap. 37.45x 5.33x 24.10x 1.5%

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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