Company Valuation: Volkswagen AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 112,849 67,576 58,007 45,553 52,367 35,951 - -
Change - -40.12% -14.16% -21.47% 14.96% -31.35% - -
Enterprise Value (EV) 1 86,164 24,561 17,718 9,487 17,870 -2,457 -4,338 -8,428
Change - -71.49% -27.86% -46.46% 88.36% -113.75% -76.53% -94.28%
P/E 5.99x 3.92x 3.5x 4.16x 7.76x 3.83x 3.05x 2.57x
PBR 0.62x 0.35x 0.32x 0.24x 0.28x 0.18x 0.17x 0.16x
PEG - 29.06x 0.45x -0.1x -0.2x 0.1x 0.1x 0.1x
Capitalization / Revenue 0.45x 0.24x 0.18x 0.14x 0.16x 0.11x 0.11x 0.11x
EV / Revenue 0.34x 0.09x 0.05x 0.03x 0.06x -0.01x -0.01x -0.02x
EV / EBITDA 2.66x 0.65x 0.49x 0.26x 0.56x -0.07x -0.11x -0.19x
EV / EBIT 4.47x 1.11x 0.78x 0.5x 2.02x -0.17x -0.25x -0.42x
EV / FCF 3.93x 3.31x 1.66x 1.71x 3.1x -0.44x -0.7x -0.87x
FCF Yield 25.4% 30.2% 60.4% 58.4% 32.3% -226% -143% -115%
Dividend per Share 2 7.56 8.76 9 6.36 5.26 5.423 6.604 7.899
Rate of return 4.26% 7.52% 8.05% 7.14% 5.08% 7.67% 9.34% 11.2%
EPS 2 29.65 29.69 31.98 21.42 13.35 18.45 23.23 27.51
Distribution rate 25.5% 29.5% 28.1% 29.7% 39.4% 29.4% 28.4% 28.7%
Net sales 1 250,200 279,232 322,284 324,656 321,913 323,701 330,053 337,617
EBITDA 1 32,359 37,721 36,513 36,796 32,102 37,229 39,695 43,235
EBIT 1 19,275 22,124 22,576 19,060 8,868 14,449 17,475 20,179
Net income 1 14,843 14,867 16,013 10,721 6,673 9,399 11,614 13,387
Net Debt 1 -26,685 -43,015 -40,289 -36,066 -34,497 -38,409 -40,289 -44,379
Reference price 2 177.48 116.42 111.80 89.04 103.55 70.74 70.74 70.74
Nbr of stocks (in thousands) 501,295 501,295 501,295 501,295 501,295 501,295 - -
Announcement Date 3/15/22 3/14/23 3/13/24 3/11/25 3/10/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
3.75x-0x-0.04x7.62% 41.34B
9.63x1.25x11.43x3.52% 210B
8.77x0.36x2.9x0.87% 72.51B
9.59x1.24x13.95x2.83% 63.65B
14.2x0.29x3.85x4.2% 57.26B
7.9x0.1x0.93x7.28% 47.12B
24.9x1.33x7.43x2.37% 45.37B
7.69x-0.08x-0.69x5.03% 39.37B
22.38x1.95x14.14x1.12% 36.69B
13.78x0.61x7.22x4.55% 36.53B
Average 12.26x 0.70x 6.11x 3.94% 64.94B
Weighted average by Cap. 11.34x 0.83x 7.46x 3.68%

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

  1. Stock Market
  2. Stocks
  3. VOW3 Stock
  4. Valuation Volkswagen AG