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 35,830 - -
Change - -40.12% -14.16% -21.47% 14.96% -31.58% - -
Enterprise Value (EV) 1 86,164 24,561 17,718 9,487 17,870 -490.3 -3,760 -8,339
Change - -71.49% -27.86% -46.46% 88.36% -102.74% -666.8% -121.8%
P/E 5.99x 3.92x 3.5x 4.16x 7.76x 4.26x 3.46x 2.9x
PBR 0.62x 0.35x 0.32x 0.24x 0.28x 0.18x 0.18x 0.17x
PEG - 29.06x 0.45x -0.1x -0.2x 0.2x 0.2x 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 -0x -0.01x -0.03x
EV / EBITDA 2.66x 0.65x 0.49x 0.26x 0.56x -0.01x -0.1x -0.2x
EV / EBIT 4.47x 1.11x 0.78x 0.5x 2.02x -0.04x -0.23x -0.45x
EV / FCF 3.93x 3.31x 1.66x 1.71x 3.1x -0.09x -0.6x -0.73x
FCF Yield 25.4% 30.2% 60.4% 58.4% 32.3% -1,108% -167% -137%
Dividend per Share 2 7.56 8.76 9 6.36 5.26 5.124 5.952 7.062
Rate of return 4.26% 7.52% 8.05% 7.14% 5.08% 7.23% 8.4% 9.96%
EPS 2 29.65 29.69 31.98 21.42 13.35 16.64 20.48 24.46
Distribution rate 25.5% 29.5% 28.1% 29.7% 39.4% 30.8% 29.1% 28.9%
Net sales 1 250,200 279,232 322,284 324,656 321,913 320,792 326,226 331,834
EBITDA 1 32,359 37,721 36,513 36,796 32,102 36,731 38,923 42,569
EBIT 1 19,275 22,124 22,576 19,060 8,868 13,932 16,068 18,722
Net income 1 14,843 14,867 16,013 10,721 6,673 8,565 10,676 12,219
Net Debt 1 -26,685 -43,015 -40,289 -36,066 -34,497 -36,320 -39,590 -44,169
Reference price 2 177.48 116.42 111.80 89.04 103.55 70.88 70.88 70.88
Nbr of stocks (in thousands) 501,295 501,295 501,295 501,295 501,295 501,300 - -
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.($)
4.31x-0x-0.01x7.15% 40.98B
9.61x1.25x11.3x3.41% 224B
7.74x0.35x2.82x0.88% 72.5B
8.45x1.23x13.99x3.12% 60.46B
12.36x0.28x3.54x4.74% 50.68B
23.68x1.37x7.68x2.26% 47.37B
7.68x0.07x0.7x7.65% 43.42B
11.21x0.67x9.26x4.1% 42.93B
8.42x-0.09x-0.74x4.37% 38.03B
22.1x1.85x14.01x1.14% 35.39B
Average 11.56x 0.70x 6.25x 3.88% 65.62B
Weighted average by Cap. 10.77x 0.84x 7.66x 3.62%

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