Financials Siemens AG Börse Stuttgart

Equities

SIEB

US8261975010

Electrical Components & Equipment

Market Closed - Börse Stuttgart 08:26:59 2024-07-12 am EDT 5-day change 1st Jan Change
89 EUR +1.14% Intraday chart for Siemens AG +1.14% +5.95%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 77,645 85,907 113,299 79,905 107,367 144,020 - -
Enterprise Value (EV) 1 100,432 116,433 152,454 120,076 143,879 179,439 175,077 171,621
P/E ratio 15.5 x 21.9 x 18.7 x 22 x 13.7 x 17.6 x 15.9 x 15.1 x
Yield 3.97% 3.24% 2.82% 4.2% 3.46% 2.71% 2.88% 3.14%
Capitalization / Revenue 0.89 x 1.5 x 1.82 x 1.11 x 1.38 x 1.84 x 1.75 x 1.65 x
EV / Revenue 1.16 x 2.04 x 2.45 x 1.67 x 1.85 x 2.29 x 2.12 x 1.97 x
EV / EBITDA 9.49 x 15.3 x 16.8 x 11.2 x 10.2 x 12.4 x 11.2 x 10 x
EV / FCF 17.2 x 16 x 18.2 x 14.2 x 14.4 x 21 x 18.5 x 16.6 x
FCF Yield 5.82% 6.24% 5.49% 7.02% 6.96% 4.76% 5.41% 6.03%
Price to Book 1.65 x 2.39 x 2.56 x 1.68 x 2.24 x 2.86 x 2.64 x 2.44 x
Nbr of stocks (in thousands) 790,281 796,319 798,333 789,577 791,442 782,035 - -
Reference price 2 98.25 107.9 141.9 101.2 135.7 184.2 184.2 184.2
Announcement Date 11/7/19 11/12/20 11/11/21 11/17/22 11/16/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 86,849 57,139 62,265 71,977 77,769 78,347 82,439 87,285
EBITDA 1 10,582 7,601 9,091 10,759 14,163 14,430 15,590 17,084
EBIT 1 6,888 5,040 6,494 9,285 9,649 10,819 12,007 13,446
Operating Margin 7.93% 8.82% 10.43% 12.9% 12.41% 13.81% 14.56% 15.4%
Earnings before Tax (EBT) 1 7,518 5,672 7,496 7,154 11,201 11,448 12,722 14,018
Net income 1 5,174 4,030 6,161 3,723 7,949 8,332 9,134 9,521
Net margin 5.96% 7.05% 9.89% 5.17% 10.22% 10.63% 11.08% 10.91%
EPS 2 6.320 4.930 7.590 4.590 9.910 10.46 11.56 12.20
Free Cash Flow 1 5,846 7,261 8,364 8,433 10,021 8,536 9,474 10,341
FCF margin 6.73% 12.71% 13.43% 11.72% 12.89% 10.89% 11.49% 11.85%
FCF Conversion (EBITDA) 55.24% 95.53% 92% 78.38% 70.75% 59.15% 60.77% 60.53%
FCF Conversion (Net income) 112.99% 180.17% 135.76% 226.51% 126.07% 102.44% 103.72% 108.62%
Dividend per Share 2 3.900 3.500 4.000 4.250 4.700 4.989 5.302 5.776
Announcement Date 11/7/19 11/12/20 11/11/21 11/17/22 11/16/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 16,497 17,040 17,867 20,573 18,070 19,416 18,889 21,393 18,412 19,162 19,178 22,086 19,757 20,842
EBITDA 3,025 2,386 3,311 4,853 2,910 3,298 2,638 3,579 - - - 5,788 - -
EBIT 1 1,905 1,329 2,431 3,620 2,226 2,223 1,839 2,908 2,326 2,086 2,640 3,335 2,892 3,089
Operating Margin 11.55% 7.8% 13.61% 17.6% 12.32% 11.45% 9.74% 13.59% 12.63% 10.89% 13.76% 15.1% 14.64% 14.82%
Earnings before Tax (EBT) 1 2,447 1,751 -912 3,869 2,223 4,142 1,985 2,851 3,259 2,294 2,643 - - -
Net income 1 1,643 1,034 -1,655 2,701 1,477 3,476 1,278 1,718 2,389 2,033 1,781 2,086 1,966 -
Net margin 9.96% 6.07% -9.26% 13.13% 8.17% 17.9% 6.77% 8.03% 12.98% 10.61% 9.29% 9.44% 9.95% -
EPS 2 2.020 1.270 -2.060 3.360 1.850 4.340 1.610 2.140 2.990 2.540 2.247 2.623 2.499 2.680
Dividend per Share 2 - 4.000 - 0.2500 - - - 4.700 - - - 5.200 - -
Announcement Date 2/10/22 5/12/22 8/11/22 11/17/22 2/8/23 5/17/23 8/10/23 11/16/23 2/8/24 5/16/24 - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 22,787 30,526 39,155 40,171 36,512 35,420 31,058 27,601
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.153 x 4.016 x 4.307 x 3.734 x 2.578 x 2.455 x 1.992 x 1.616 x
Free Cash Flow 1 5,846 7,261 8,364 8,433 10,021 8,536 9,474 10,341
ROE (net income / shareholders' equity) 11.1% 9.54% 15.3% 8% 16.4% 16.8% 16.8% 17.1%
ROA (Net income/ Total Assets) 3.58% 2.94% 4.46% 2.56% 5.36% 5.86% 6.19% 6.22%
Assets 1 144,582 137,075 138,220 145,430 148,286 142,169 147,668 153,080
Book Value Per Share 2 59.60 45.10 55.30 60.30 60.50 64.40 69.70 75.60
Cash Flow per Share 2 10.30 10.80 12.30 12.60 15.30 13.10 14.60 15.70
Capex 1 2,610 1,601 1,632 1,808 2,218 2,230 2,436 2,532
Capex / Sales 3.01% 2.8% 2.62% 2.51% 2.85% 2.85% 2.95% 2.9%
Announcement Date 11/7/19 11/12/20 11/11/21 11/17/22 11/16/23 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
20
Last Close Price
184.2 EUR
Average target price
199.2 EUR
Spread / Average Target
+8.17%
Consensus