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 34,568 - -
Change - -40.12% -14.16% -21.47% 14.96% -33.99% - -
Enterprise Value (EV) 1 86,164 24,561 17,718 9,487 17,870 -1,874 -4,912 -9,267
Change - -71.49% -27.86% -46.46% 88.36% -110.49% -162.1% -88.68%
P/E 5.99x 3.92x 3.5x 4.16x 7.76x -94.7x 3.4x 2.84x
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 1x -0x 0.1x
Capitalization / Revenue 0.45x 0.24x 0.18x 0.14x 0.16x 0.11x 0.11x 0.1x
EV / Revenue 0.34x 0.09x 0.05x 0.03x 0.06x -0.01x -0.02x -0.03x
EV / EBITDA 2.66x 0.65x 0.49x 0.26x 0.56x -0.08x -0.14x -0.24x
EV / EBIT 4.47x 1.11x 0.78x 0.5x 2.02x -0.62x -0.31x -0.5x
EV / FCF 3.93x 3.31x 1.66x 1.71x 3.1x -0.34x -0.71x -0.69x
FCF Yield 25.4% 30.2% 60.4% 58.4% 32.3% -296% -141% -145%
Dividend per Share 2 7.56 8.76 9 6.36 5.26 5.185 5.734 7.036
Rate of return 4.26% 7.52% 8.05% 7.14% 5.08% 7.55% 8.35% 10.2%
EPS 2 29.65 29.69 31.98 21.42 13.35 -0.725 20.2 24.17
Distribution rate 25.5% 29.5% 28.1% 29.7% 39.4% -715% 28.4% 29.1%
Net sales 1 250,200 279,232 322,284 324,656 321,913 316,300 325,004 329,893
EBITDA 1 32,359 37,721 36,513 36,796 32,102 24,248 35,599 39,157
EBIT 1 19,275 22,124 22,576 19,060 8,868 3,037 15,858 18,434
Net income 1 14,843 14,867 16,013 10,721 6,673 -635.3 10,281 12,128
Net Debt 1 -26,685 -43,015 -40,289 -36,066 -34,497 -36,442 -39,480 -43,835
Reference price 2 177.48 116.42 111.80 89.04 103.55 68.68 68.68 68.68
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.($)
-94.73x-0.01x-0.08x7.55% 38.89B
335.37x12.86x94.36x-.--% 1,401B
9.93x1.27x11.47x3.3% 231B
15.15x0.81x5.42x1.62% 101B
36.17x9.15x23.31x1.08% 77.16B
8.15x0.36x2.87x0.86% 73.67B
7.7x1.21x13.96x3.51% 54.7B
12.21x0.27x3.47x4.85% 49.57B
11.63x0.68x9.27x3.96% 44.32B
21.96x1.28x7.16x2.46% 43.21B
Average 36.35x 2.79x 17.12x 2.92% 211.47B
Weighted average by Cap. 225.03x 9.12x 65.76x 0.98%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Volkswagen AG

Historical PBR trend

Valuation ratios - PBR - Volkswagen AG

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Volkswagen AG

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Volkswagen AG


Year-on-year evolution of the Yield

Valuation ratios - Yield - Volkswagen AG
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