Financials BMW AG

Equities

BMW

DE0005190003

Auto & Truck Manufacturers

Market Closed - Xetra Other stock markets 11:38:57 2025-11-14 EST			5-day change	1st Jan Change
88.74 ^EUR	-0.07%		+3.02%	+12.36%

11-14	Coalition Continues to Struggle Over Position on Combustion Engine Phase-Out	DP
11-14	Bmw says German federal government and Bavaria provide EUR 273 mln for hydrogen project	RE

Projected Income Statement: BMW AG

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	98,990	111,239	142,610	155,498	142,380	138,727	142,134	146,677
Change	-	12.37%	28.2%	9.04%	-8.44%	-2.57%	2.46%	3.2%
EBITDA ¹	10,969	19,895	22,565	27,456	20,159	18,525	19,238	20,526
Change	-	81.37%	13.42%	21.68%	-26.58%	-8.11%	3.85%	6.69%
EBIT ¹	4,830	13,400	13,999	18,482	11,509	9,977	10,575	11,794
Change	-	177.43%	4.47%	32.02%	-37.73%	-13.32%	6%	11.53%
Interest Paid ¹	-644	-165	251	-656	-573	-560.2	-602.6	-570.7
Earnings before Tax (EBT) ¹	5,222	16,060	23,509	17,096	10,971	9,845	10,307	11,564
Change	-	207.55%	46.38%	-27.28%	-35.83%	-10.27%	4.69%	12.2%
Net income ¹	3,775	12,382	17,941	11,290	7,290	6,623	6,963	7,962
Change	-	228%	44.9%	-37.07%	-35.43%	-9.16%	5.14%	14.34%
Announcement Date	3/17/21	3/10/22	3/15/23	3/21/24	3/14/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	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	2025 Q3	2025 Q4
Net sales ¹	29,482	26,778	28,582	27,471	28,408	31,142	34,770	37,176	39,522	36,853	37,219	38,458	42,968	36,614	36,944	32,406	36,416	33,758	33,927	32,314	36,665
Change	-	-9.17%	6.74%	-3.89%	3.41%	9.62%	11.65%	6.92%	6.31%	-6.75%	0.99%	3.33%	11.73%	-14.79%	0.9%	-12.28%	12.37%	-7.3%	0.5%	-4.75%	13.46%
EBITDA ¹	-	-	-	4,596	4,171	5,179	5,570	5,876	5,940	-	6,606	6,534	6,653	-	6,049	3,823	4,037	-	4,797	4,377	5,026
Change	-	-	-	-	-9.25%	24.17%	7.55%	5.49%	1.09%	-	-	-1.09%	1.82%	-	-	-36.8%	5.6%	-	-	-8.76%	14.82%
EBIT ¹	2,197	3,025	5,005	2,883	2,487	3,391	3,426	3,682	3,500	5,375	4,343	4,352	4,412	4,054	3,877	1,696	1,882	3,142	2,661	2,261	2,285
Change	-	37.69%	65.45%	-42.4%	-13.74%	36.35%	1.03%	7.47%	-4.94%	53.57%	-19.2%	0.21%	1.38%	-8.11%	-4.37%	-56.25%	10.97%	66.95%	-15.31%	-15.03%	1.07%
Charge d'intérêts ¹	-106	-55	-40	-81	11	-36	138	85	64	-94	-144	-125	-287	-151	-165	-184	-137	-143	-159	-	-143
Earnings before Tax (EBT) ¹	2,260	3,757	5,979	3,417	2,907	12,227	3,929	4,100	-	5,129	4,222	4,063	3,682	4,162	3,861	838	2,110	3,113	2,614	2,329	1,724
Change	-	66.24%	59.14%	-42.85%	-14.93%	320.61%	-67.87%	4.35%	-	-	-17.68%	-3.77%	-9.38%	13.04%	-7.23%	-78.3%	151.79%	47.54%	-16.03%	-10.9%	-25.98%
Net income ¹	1,665	2,811	4,769	2,564	2,238	10,141	3,047	3,175	2,179	3,420	2,958	2,931	2,388	2,791	2,613	389	1,497	2,097	1,752	1,674	1,329
Change	-	68.83%	69.65%	-46.24%	-12.71%	353.13%	-69.95%	4.2%	-31.37%	56.95%	-13.51%	-0.91%	-18.53%	16.88%	-6.38%	-85.11%	284.83%	40.08%	-16.45%	-4.45%	-20.62%
Announcement Date	3/17/21	5/7/21	8/3/21	11/3/21	3/10/22	5/5/22	8/3/22	11/3/22	3/15/23	5/4/23	8/3/23	11/3/23	3/21/24	5/8/24	8/1/24	11/6/24	3/14/25	5/7/25	7/31/25	11/5/25	-

¹EUR in Million

Estimates

Fiscal Period: December	2021 S1	2022 S1	2023 S1	2024 S1	2024 S2	2025 S1
Net sales ¹	55,360	65,912	74,072	73,558	68,822	67,685
Change	-	19.06%	12.38%	-0.69%	-6.44%	-1.65%
EBITDA	-	-	-	-	-	-
Change	-	-	-	-	-	-
EBIT ¹	8,030	6,817	9,718	7,931	3,578	5,803
Change	-	-15.11%	42.56%	-18.39%	-54.89%	62.19%
Charge d'intérêts	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	16,156	9,351	8,023	-	5,727
Change	-	-	-42.12%	-14.2%	-	-
Net income ¹	-	13,232	6,620	5,404	-	3,849
Change	-	-	-49.97%	-18.37%	-	-
Announcement Date	8/3/21	8/3/22	8/3/23	8/1/24	3/14/25	7/31/25

¹EUR in Million

Estimates

Forecast Balance Sheet: BMW AG

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-18,645	-22,362	-24,603	-17,003	-45,779	-46,070	-48,312	-51,062
Change	-	-19.94%	-10.02%	30.89%	-169.24%	-0.64%	-4.87%	-5.69%
Announcement Date	3/17/21	3/10/22	3/15/23	3/21/24	3/14/25	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: BMW AG

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	6,150	7,518	9,050	10,881	12,205	10,331	9,723	9,455
Change	-	22.24%	20.38%	20.23%	12.17%	-15.35%	-5.89%	-2.75%
Free Cash Flow (FCF) ¹	3,395	6,354	11,071	6,942	4,852	3,771	5,962	6,719
Change	-	87.16%	74.24%	-37.3%	-30.11%	-22.28%	58.1%	12.7%
Announcement Date	3/17/21	3/10/22	3/15/23	3/21/24	3/14/25	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: BMW AG

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	11.08%	17.88%	15.82%	17.66%	14.16%	13.35%	13.54%	13.99%
EBIT Margin (%)	4.88%	12.05%	9.82%	11.89%	8.08%	7.19%	7.44%	8.04%
EBT Margin (%)	5.28%	14.44%	16.48%	10.99%	7.71%	7.1%	7.25%	7.88%
Net margin (%)	3.81%	11.13%	12.58%	7.26%	5.12%	4.77%	4.9%	5.43%
FCF margin (%)	3.43%	5.71%	7.76%	4.46%	3.41%	2.72%	4.19%	4.58%
FCF / Net Income (%)	89.93%	51.32%	61.71%	61.49%	66.56%	56.94%	85.62%	84.39%
Profitability
ROA	1.7%	5.55%	7.53%	4.54%	2.81%	2.81%	3.74%	4.71%
ROE	6.28%	18.31%	22.22%	12.78%	8.01%	6.95%	7.43%	8.21%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	6.21%	6.76%	6.35%	7%	8.57%	7.45%	6.84%	6.45%
CAPEX / EBITDA (%)	56.07%	37.79%	40.11%	39.63%	60.54%	55.77%	50.54%	46.06%
CAPEX / FCF (%)	181.15%	118.32%	81.75%	156.74%	251.55%	273.98%	163.09%	140.73%
Items per share
Cash flow per share ¹	20.11	24.11	39.34	30.25	12.06	25.06	23.9	23.69
Change	-	19.87%	63.19%	-23.11%	-60.13%	107.8%	-4.63%	-0.9%
Dividend per Share ¹	1.9	5.8	8.5	6	4.3	3.886	4.138	4.736
Change	-	205.26%	46.55%	-29.41%	-28.33%	-9.63%	6.47%	14.45%
Book Value Per Share ¹	92.4	123.5	145.7	154.5	161.8	157.4	163.9	172
Change	-	33.69%	17.95%	6.02%	4.72%	-2.74%	4.18%	4.91%
EPS ¹	5.73	18.77	27.31	17.67	11.62	10.67	11.2	12.73
Change	-	227.57%	45.5%	-35.3%	-34.24%	-8.19%	5.01%	13.63%
Nbr of stocks (in thousands)	658,863	659,685	645,288	640,854	627,659	615,810	615,810	615,810
Announcement Date	3/17/21	3/10/22	3/15/23	3/21/24	3/14/25	-	-	-