Financials BMW AG

Equities

BMW

DE0005190003

Auto & Truck Manufacturers

Market Closed - Xetra 11:35:15 2023-12-07 am EST Intraday chart for BMW AG 5-day change 1st Jan Change
98.6 EUR -0.75% +3.15% +18.25%

Valuation

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 46 014 47 120 46 621 57 499 53 582 62 477 - -
Enterprise Value (EV) 1 26 526 29 543 27 976 35 137 28 979 40 309 39 762 37 059
P/E ratio 6,53x 9,79x 12,6x 4,71x 3,05x 5,50x 6,24x 6,12x
Yield 4,95% 3,42% 2,63% 6,55% 10,2% 5,61% 5,33% 5,47%
Capitalization / Revenue 0,47x 0,45x 0,47x 0,52x 0,38x 0,41x 0,41x 0,40x
EV / Revenue 0,27x 0,28x 0,28x 0,32x 0,20x 0,27x 0,26x 0,24x
EV / EBITDA 1,86x 2,20x 2,55x 1,77x 1,28x 1,52x 1,67x 1,55x
EV / FCF 9,78x 11,5x 8,24x 5,53x 2,62x 6,16x 5,14x 4,71x
FCF Yield 10,2% 8,69% 12,1% 18,1% 38,2% 16,2% 19,5% 21,2%
Price to Book 0,74x 0,82x 0,78x 0,72x 0,57x 0,70x 0,65x 0,60x
Nbr of stocks (in thousands) 657 601 658 122 658 863 659 685 645 288 638 838 - -
Reference price 2 70,7 73,1 72,2 88,5 83,4 99,4 99,4 99,4
Announcement Date 3/15/19 3/12/20 3/17/21 3/10/22 3/15/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 97 480 104 210 98 990 111 239 142 610 151 908 153 379 157 320
EBITDA 1 14 234 13 428 10 969 19 895 22 565 26 485 23 851 23 971
EBIT 1 9 121 7 411 4 830 13 400 13 999 17 912 15 336 15 237
Operating Margin 9,36% 7,11% 4,88% 12,0% 9,82% 11,8% 10,00% 9,69%
Earnings before Tax (EBT) 1 9 815 7 118 5 222 16 060 23 509 16 774 15 281 15 340
Net income 1 7 117 5 022 3 775 12 382 17 941 11 559 10 384 10 423
Net margin 7,30% 4,82% 3,81% 11,1% 12,6% 7,61% 6,77% 6,63%
EPS 2 10,8 7,47 5,73 18,8 27,3 18,1 15,9 16,2
Free Cash Flow 1 2 713 2 567 3 395 6 354 11 071 6 549 7 740 7 872
FCF margin 2,78% 2,46% 3,43% 5,71% 7,76% 4,31% 5,05% 5,00%
FCF Conversion (EBITDA) 19,1% 19,1% 31,0% 31,9% 49,1% 24,7% 32,5% 32,8%
FCF Conversion (Net income) 38,1% 51,1% 89,9% 51,3% 61,7% 56,7% 74,5% 75,5%
Dividend per Share 2 3,50 2,50 1,90 5,80 8,50 5,57 5,29 5,44
Announcement Date 3/15/19 3/12/20 3/17/21 3/10/22 3/15/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period : December 2020 S1 2021 Q2 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 43 225 28 582 55 360 27 471 28 408 31 142 34 770 65 912 37 176 39 522 36 853 37 219 74 072 38 458 39 453 35 265 36 167 38 217 37 656
EBITDA 1 - - - 4 596 4 171 5 179 5 570 - 5 876 5 940 - 6 606 - 6 534 6 835 - - - -
EBIT 1 709 5 005 8 030 2 883 2 487 3 391 3 426 6 817 3 682 3 500 5 375 4 343 9 718 4 352 3 995 4 092 3 841 4 117 3 324
Operating Margin 1,64% 17,5% 14,5% 10,5% 8,75% 10,9% 9,85% 10,3% 9,90% 8,86% 14,6% 11,7% 13,1% 11,3% 10,1% 11,6% 10,6% 10,8% 8,83%
Earnings before Tax (EBT) 1 - 5 979 - 3 417 2 907 12 227 3 929 16 156 4 100 - 5 129 4 222 9 351 4 063 3 360 4 126 3 815 4 173 3 314
Net income 1 - 4 769 - 2 564 2 238 10 141 3 047 13 232 3 175 2 179 3 420 2 958 6 620 2 931 2 378 2 811 2 670 2 834 2 456
Net margin - 16,7% - 9,33% 7,88% 32,6% 8,76% 20,1% 8,54% 5,51% 9,28% 7,95% 8,94% 7,62% 6,03% 7,97% 7,38% 7,42% 6,52%
EPS 2 - 7,24 11,5 3,89 3,39 15,3 4,30 19,6 4,25 3,43 5,31 4,39 - 4,20 3,87 4,39 4,17 4,42 3,83
Dividend per Share 2 - - - - - - - - - - - - - - - - 5,00 - -
Announcement Date 8/5/20 8/3/21 8/3/21 11/3/21 3/10/22 5/5/22 8/3/22 8/3/22 11/3/22 3/15/23 5/4/23 8/3/23 8/3/23 11/3/23 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - - -
Net Cash position 1 19 488 17 577 18 645 22 362 24 603 22 167 22 715 25 418
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 2 713 2 567 3 395 6 354 11 071 6 549 7 740 7 872
ROE (net income / shareholders' equity) 12,9% 8,75% 6,28% 18,3% 22,2% 13,7% 11,1% 10,5%
Shareholders' equity 1 55 345 57 391 60 108 67 629 80 745 84 258 93 385 98 812
ROA (Net income/ Total Assets) 3,54% 2,41% 1,70% 5,55% 7,53% 6,22% 4,69% 4,70%
Assets 1 201 056 208 555 222 347 223 091 238 225 185 892 221 576 221 557
Book Value Per Share 2 95,6 89,3 92,4 124 146 142 154 167
Cash Flow per Share 2 15,5 16,1 20,1 24,1 39,3 27,9 28,6 29,4
Capex 1 7 777 6 902 6 150 7 518 9 050 10 135 10 320 10 287
Capex / Sales 7,98% 6,62% 6,21% 6,76% 6,35% 6,67% 6,73% 6,54%
Announcement Date 3/15/19 3/12/20 3/17/21 3/10/22 3/15/23 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating :
Investor Rating :
ESG Refinitiv :
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
98.6EUR
Average target price
108.86EUR
Spread / Average Target
+10.40%
Consensus
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