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BMW AG |
Market Closed -
Other stock markets
|
|
5-day change | 1st Jan Change | |
| 98.6 EUR | -0.75% | +3.15% | +18.25% | |
| Dec. 07 | Stellantis to cut Detroit SUV production, citing California emissions rules | RE |
| Dec. 07 | More than 1,000 VW workers in Tennessee sign union representation cards - UAW | RE |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
98.6EUR
Average target price
108.86EUR
Spread / Average Target
+10.40%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +18.25% | 67 899 M $ | |
| +54.18% | 259 B $ | |
| +1.53% | 70 430 M $ | |
| -2.47% | 65 062 M $ | |
| +48.07% | 50 614 M $ | |
| -0.39% | 45 070 M $ | |
| -6.96% | 42 792 M $ | |
| +86.01% | 31 733 M $ | |
| +2.17% | 25 329 M $ | |
| +35.50% | 22 749 M $ |
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