Financials Siemens Limited Bombay S.E.

Equities

SIEMENS

INE003A01024

Heavy Electrical Equipment

Market Closed - Bombay S.E. 06:18:58 2024-05-17 EDT 5-day change 1st Jan Change
7,188 INR +2.03% Intraday chart for Siemens Limited +16.49% +78.76%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 539,896 450,314 758,322 986,738 1,307,852 2,508,458 - -
Enterprise Value (EV) 1 488,086 392,049 707,861 923,975 1,235,673 2,420,906 2,405,745 2,388,100
P/E ratio 49.7 x 59.5 x 68.8 x 64.5 x 68.4 x 97.5 x 85.4 x 68.6 x
Yield 0.46% 0.55% 0.38% 0.36% 0.27% 0.2% 0.23% 0.28%
Capitalization / Revenue 3.95 x 4.27 x 5.85 x 6.65 x 7.28 x 11.5 x 9.49 x 7.88 x
EV / Revenue 3.57 x 3.72 x 5.46 x 6.23 x 6.88 x 11.1 x 9.1 x 7.5 x
EV / EBITDA 33.1 x 39.6 x 48.5 x 57.5 x 55.2 x 83.1 x 68.7 x 55.8 x
EV / FCF 43.9 x 59.5 x 57.8 x 115 x 123 x 126 x 133 x 84.2 x
FCF Yield 2.28% 1.68% 1.73% 0.87% 0.81% 0.79% 0.75% 1.19%
Price to Book 5.97 x 4.75 x 7.33 x 8.51 x 10 x 16.6 x 14.5 x 12.3 x
Nbr of stocks (in thousands) 356,120 356,120 356,120 356,120 356,120 356,120 - -
Reference price 2 1,516 1,264 2,129 2,771 3,672 7,044 7,044 7,044
Announcement Date 11/19/19 11/25/20 11/24/21 11/22/22 11/28/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 136,838 105,407 129,631 148,315 179,651 217,367 264,410 318,534
EBITDA 1 14,757 9,903 14,594 16,070 22,402 29,124 35,014 42,807
EBIT 1 12,584 7,399 12,312 13,974 20,167 26,298 31,544 38,472
Operating Margin 9.2% 7.02% 9.5% 9.42% 11.23% 12.1% 11.93% 12.08%
Earnings before Tax (EBT) 1 16,416 10,206 14,306 16,802 25,451 34,089 38,863 48,533
Net income 1 10,869 7,565 11,030 15,308 19,113 25,521 29,298 36,350
Net margin 7.94% 7.18% 8.51% 10.32% 10.64% 11.74% 11.08% 11.41%
EPS 2 30.52 21.24 30.97 42.98 53.67 72.23 82.50 102.7
Free Cash Flow 1 11,108 6,593 12,241 8,028 10,006 19,211 18,146 28,371
FCF margin 8.12% 6.25% 9.44% 5.41% 5.57% 8.84% 6.86% 8.91%
FCF Conversion (EBITDA) 75.27% 66.58% 83.88% 49.96% 44.67% 65.96% 51.82% 66.28%
FCF Conversion (Net income) 102.2% 87.15% 110.98% 52.44% 52.35% 75.27% 61.94% 78.05%
Dividend per Share 2 7.000 7.000 8.000 10.00 10.00 14.15 16.43 19.80
Announcement Date 11/19/19 11/25/20 11/24/21 11/22/22 11/28/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2019 S2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q4
Net sales 1 73,271 27,080 39,997 32,399 36,285 68,684 39,148 43,314 36,453 44,652 81,105 44,731 53,815 44,358 53,283 52,728
EBITDA 1 - 2,283 4,287 3,319 4,454 7,773 3,790 4,696 5,492 5,549 11,041 5,049 6,312 5,230 6,188 6,488
EBIT - 1,738 3,747 2,781 3,919 - - - - - - - - - - -
Operating Margin - 6.42% 9.37% 8.58% 10.8% - - - - - - - - - - -
Earnings before Tax (EBT) - 2,145 4,304 3,298 4,448 7,746 3,980 5,240 5,876 6,817 12,693 5,641 7,117 - - -
Net income 1 5,786 1,615 3,230 2,453 3,289 5,742 2,937 6,628 4,376 5,160 9,536 4,237 5,340 4,634 5,764 5,419
Net margin 7.9% 5.96% 8.08% 7.57% 9.06% 8.36% 7.5% 15.3% 12% 11.56% 11.76% 9.47% 9.92% 10.45% 10.82% 10.28%
EPS - 4.540 9.070 6.890 9.230 - 8.250 - - - - 11.90 - - - -
Dividend per Share - - - - - - - - - - - - - - - -
Announcement Date 11/19/19 8/10/21 11/24/21 2/4/22 5/12/22 5/12/22 8/2/22 11/22/22 2/14/23 5/11/23 5/11/23 8/8/23 11/28/23 2/13/24 - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 51,810 58,265 50,461 62,763 72,179 87,551 102,713 120,358
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 11,108 6,593 12,241 8,028 10,006 19,211 18,146 28,371
ROE (net income / shareholders' equity) 12.5% 8.17% 11.1% 14% 15.5% 17.9% 18% 19%
ROA (Net income/ Total Assets) 7.38% 4.9% - - - - - -
Assets 1 147,298 154,381 - - - - - -
Book Value Per Share 2 254.0 266.0 291.0 326.0 366.0 424.0 485.0 571.0
Cash Flow per Share 2 34.60 19.00 37.50 26.10 33.10 68.50 81.20 96.10
Capex 1 1,197 172 1,097 1,256 1,788 2,327 2,409 2,607
Capex / Sales 0.87% 0.16% 0.85% 0.85% 1% 1.07% 0.91% 0.82%
Announcement Date 11/19/19 11/25/20 11/24/21 11/22/22 11/28/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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