Company Valuation: Volkswagen AG

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 81,625 112,849 67,576 58,007 45,553 53,960 - -
Change - 38.25% -40.12% -14.16% -21.47% 18.46% - -
Enterprise Value (EV) 1 54,829 86,164 24,561 17,718 9,487 22,335 20,532 15,938
Change - 57.15% -71.49% -27.86% -46.46% 135.43% -8.07% -22.37%
P/E ratio 9.15x 5.99x 3.92x 3.5x - 10.6x 4.86x 4.02x
PBR 0.6x 0.62x 0.35x 0.32x - 0.28x 0.27x 0.26x
PEG - 0.1x 29.06x 0.45x - - 0x 0.2x
Capitalization / Revenue 0.37x 0.45x 0.24x 0.18x 0.14x 0.17x 0.16x 0.16x
EV / Revenue 0.25x 0.34x 0.09x 0.05x 0.03x 0.07x 0.06x 0.05x
EV / EBITDA 2.16x 2.66x 0.65x 0.49x 0.26x 0.64x 0.5x 0.35x
EV / EBIT 5.17x 4.47x 1.11x 0.78x 0.5x 2.36x 1.16x 0.77x
EV / FCF 4.01x 3.93x 3.31x 1.66x 1.71x -85x 5.58x 2.19x
FCF Yield 24.9% 25.4% 30.2% 60.4% 58.4% -1.18% 17.9% 45.7%
Dividend per Share 2 4.86 7.56 8.76 9 - 4.308 6.341 7.77
Rate of return 3.19% 4.26% 7.52% 8.05% - 4.04% 5.94% 7.28%
EPS 2 16.66 29.65 29.69 31.98 - 10.05 21.95 26.57
Distribution rate 29.2% 25.5% 29.5% 28.1% - 42.9% 28.9% 29.2%
Net sales 1 222,884 250,200 279,232 322,284 324,656 325,213 331,918 341,654
EBITDA 1 25,392 32,359 37,721 36,513 36,796 34,938 41,320 45,697
EBIT 1 10,606 19,275 22,124 22,576 19,060 9,468 17,650 20,831
Net income 1 8,824 14,843 14,867 16,013 10,721 5,190 11,007 13,416
Net Debt 1 -26,796 -26,685 -43,015 -40,289 -36,066 -31,625 -33,429 -38,022
Reference price 2 152.42 177.48 116.42 111.80 89.04 106.70 106.70 106.70
Nbr of stocks (in thousands) 501,295 501,295 501,295 501,295 501,295 501,295 - -
Announcement Date 2/26/21 3/15/22 3/14/23 3/13/24 3/11/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.61x0.07x0.64x4.04% 62.77B
11.34x1.35x11.79x3.14% 254B
8.72x0.34x3.15x0.76% 71.29B
11.79x0.21x2.15x3.81% 68.64B
8.95x0.1x0.71x4.05% 68.54B
17.58x0.26x4.57x5.07% 51.92B
6.95x1.07x11.34x3.72% 46.29B
30.38x2.81x19.24x0.74% 46.11B
12.25x0.49x8.07x4.82% 38.07B
11.94x0.67x4.91x2.06% 28.46B
Average 13.05x 0.74x 6.66x 3.22% 73.64B
Weighted average by Cap. 12.27x 0.85x 7.55x 3.2%
See all sector valuations

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

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