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 37,611 - -
Change - -40.12% -14.16% -21.47% 14.96% -28.18% - -
Enterprise Value (EV) 1 86,164 24,561 17,718 9,487 17,870 1,160 -1,685 -6,824
Change - -71.49% -27.86% -46.46% 88.36% -93.51% -245.19% -304.99%
P/E 5.99x 3.92x 3.5x 4.16x 7.76x 3.77x 3.05x 2.63x
PBR 0.62x 0.35x 0.32x 0.24x 0.28x 0.19x 0.18x 0.17x
PEG - 29.06x 0.45x -0.1x -0.2x 0.1x 0.1x 0.2x
Capitalization / Revenue 0.45x 0.24x 0.18x 0.14x 0.16x 0.12x 0.11x 0.11x
EV / Revenue 0.34x 0.09x 0.05x 0.03x 0.06x 0x -0.01x -0.02x
EV / EBITDA 2.66x 0.65x 0.49x 0.26x 0.56x 0.03x -0.04x -0.16x
EV / EBIT 4.47x 1.11x 0.78x 0.5x 2.02x 0.08x -0.09x -0.32x
EV / FCF 3.93x 3.31x 1.66x 1.71x 3.1x 0.23x -0.25x -0.66x
FCF Yield 25.4% 30.2% 60.4% 58.4% 32.3% 440% -398% -150%
Dividend per Share 2 7.56 8.76 9 6.36 5.26 5.913 7.199 8.239
Rate of return 4.26% 7.52% 8.05% 7.14% 5.08% 7.96% 9.69% 11.1%
EPS 2 29.65 29.69 31.98 21.42 13.35 19.7 24.36 28.29
Distribution rate 25.5% 29.5% 28.1% 29.7% 39.4% 30% 29.6% 29.1%
Net sales 1 250,200 279,232 322,284 324,656 321,913 325,185 331,831 341,400
EBITDA 1 32,359 37,721 36,513 36,796 32,102 36,273 40,904 43,719
EBIT 1 19,275 22,124 22,576 19,060 8,868 15,383 18,467 21,150
Net income 1 14,843 14,867 16,013 10,721 6,673 9,951 12,461 14,079
Net Debt 1 -26,685 -43,015 -40,289 -36,066 -34,497 -36,451 -39,296 -44,435
Reference price 2 177.48 116.42 111.80 89.04 103.55 74.28 74.28 74.28
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.($)
3.77x0x0.03x7.96% 42.9B
9.07x1.23x11.26x3.68% 203B
10.67x1.29x13.95x2.36% 71.73B
6.54x0.33x2.67x0.96% 70.42B
21.81x0.29x3.85x4.27% 56.3B
7.38x0.08x0.75x7.85% 45.69B
23.77x1.31x7.37x2.4% 44.91B
7.69x-0.07x-0.54x4.98% 40.88B
24.69x2.32x15.94x0.91% 37.7B
14.27x0.59x7.03x4.84% 34.9B
Average 12.97x 0.74x 6.23x 4.02% 64.82B
Weighted average by Cap. 11.73x 0.85x 7.53x 3.76%

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