Financials Siemens AG

Equities

SIE

DE0007236101

Electrical Components & Equipment

Market Closed - Xetra Other stock markets 11:37:56 2025-04-22 am EDT			After market 01:13:14 pm
189.32 ^EUR	+1.23%		190.41	+0.58%

06:59am	European companies cut jobs as economy slows	RE
06:53am	European companies cut jobs as economy slows	RE

Projected Income Statement: Siemens AG

Fiscal Period: September	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	57,139	62,265	71,977	77,769	75,930	79,361	84,690	90,572
Change	-	8.97%	15.6%	8.05%	-2.36%	4.52%	6.71%	6.94%
EBITDA ¹	7,601	9,091	10,759	14,163	13,577	14,112	15,777	17,256
Change	-	19.6%	18.35%	31.64%	-4.14%	3.94%	11.8%	9.38%
EBIT ¹	5,040	6,494	9,285	9,649	9,593	10,946	12,718	14,316
Change	-	28.85%	42.98%	3.92%	-0.58%	14.1%	16.19%	12.56%
Interest Paid ¹	732	-839	-943	1,033	1,048	-602	-429	-713
Earnings before Tax (EBT) ¹	5,672	7,496	7,154	11,201	11,227	11,548	13,065	15,158
Change	-	32.16%	-4.56%	56.57%	0.23%	2.86%	13.14%	16.02%
Net income ¹	4,030	6,161	3,723	7,949	8,301	9,666	9,135	10,397
Change	-	52.88%	-39.57%	113.51%	4.43%	16.44%	-5.5%	13.82%
Announcement Date	11/12/20	11/11/21	11/17/22	11/16/23	11/14/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: September	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1
Net sales ¹	20,884	13,491	15,312	14,071	14,665	16,085	17,444	16,497	17,040	17,867	20,573	18,070	19,416	18,889	21,393	18,412	19,162	18,900	20,811	18,353	19,278	19,730	22,212	20,501
Change	-	-35.4%	13.5%	-8.1%	4.22%	9.68%	8.45%	-5.43%	3.29%	4.85%	15.15%	-12.17%	7.45%	-2.71%	13.26%	-13.93%	4.07%	-1.37%	10.11%	-11.81%	5.04%	2.34%	12.58%	-7.7%
EBITDA	-	1,873	1,731	2,407	-	-	2,178	3,025	2,386	496	4,853	2,910	3,298	2,638	3,579	-	-	-	3,517	-	-	-	7,019	-
Change	-	-	-7.58%	39.05%	-100%	-	-	38.89%	-21.12%	-79.21%	878.43%	-40.04%	13.33%	-20.01%	35.67%	-100%	-	-	-	-100%	-	-	-	-100%
EBIT ¹	1,398	1,185	1,394	1,739	1,474	1,661	1,623	1,905	1,329	2,431	3,620	2,226	2,223	1,839	2,908	2,326	2,086	2,652	2,652	2,064	2,922	2,921	3,700	3,353
Change	-	-15.24%	17.64%	24.75%	-15.24%	12.69%	-2.29%	17.38%	-30.24%	82.92%	48.91%	-38.51%	-0.13%	-17.27%	58.13%	-20.01%	-10.32%	27.13%	0%	-22.17%	41.59%	-0.06%	26.68%	-9.38%
Charge d'intérêts	-	-	-	-	-	224	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	1,174	1,408	1,453	1,964	1,984	1,708	1,841	2,447	1,751	-912	3,869	2,223	4,142	1,985	2,851	3,259	2,294	2,852	2,903	2,381	2,793	-	-	-
Change	-	19.93%	3.2%	35.17%	1.02%	-13.91%	7.79%	32.92%	-28.44%	-	-	-42.54%	86.32%	-52.08%	43.63%	14.31%	-29.61%	24.32%	1.79%	-17.98%	17.3%	-100%	-	-
Net income ¹	653	539	1,758	1,377	2,265	1,352	1,167	1,643	1,034	-1,655	2,701	1,477	3,476	1,278	1,718	2,389	2,033	1,980	1,900	3,705	1,966	1,982	2,523	-
Change	-	-17.46%	226.16%	-21.67%	64.49%	-40.31%	-13.68%	40.79%	-37.07%	-	-	-45.32%	135.34%	-63.23%	34.43%	39.06%	-14.9%	-2.61%	-4.04%	95%	-46.94%	0.82%	27.31%	-100%
Announcement Date	5/8/20	8/6/20	11/12/20	2/3/21	5/7/21	8/5/21	11/11/21	2/10/22	5/12/22	8/11/22	11/17/22	2/8/23	5/17/23	8/10/23	11/16/23	2/8/24	5/16/24	8/8/24	11/14/24	2/13/25	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: September	2025 S1
Net sales ¹	37,578
Change	-
EBITDA	-
Change	-
EBIT	-
Change	-
Charge d'intérêts	-
Earnings before Tax (EBT)	-
Change	-
Net income	-
Change	-
Announcement Date	-

¹EUR in Million

Estimates

Forecast Balance Sheet: Siemens AG

Fiscal Period: September	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	30,526	39,155	40,171	36,512	38,763	35,778	33,389	29,828
Change	-	28.27%	2.59%	-9.11%	6.17%	-7.7%	-6.68%	-10.67%
Announcement Date	11/12/20	11/11/21	11/17/22	11/16/23	11/14/24	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: Siemens AG

Fiscal Period: September	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,601	1,632	1,808	2,218	2,088	2,297	2,379	2,514
Change	-	1.94%	10.78%	22.68%	-5.86%	10%	3.59%	5.64%
Free Cash Flow (FCF) ¹	7,261	8,364	8,433	10,021	9,577	9,748	9,663	10,780
Change	-	15.19%	0.82%	18.83%	-4.43%	1.78%	-0.87%	11.56%
Announcement Date	11/12/20	11/11/21	11/17/22	11/16/23	11/14/24	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: Siemens AG

Fiscal Period: September	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	13.3%	14.6%	14.95%	18.21%	17.88%	17.78%	18.63%	19.05%
EBIT Margin (%)	8.82%	10.43%	12.9%	12.41%	12.63%	13.79%	15.02%	15.81%
EBT Margin (%)	9.93%	12.04%	9.94%	14.4%	14.79%	14.55%	15.43%	16.74%
Net margin (%)	7.05%	9.89%	5.17%	10.22%	10.93%	12.18%	10.79%	11.48%
FCF margin (%)	12.71%	13.43%	11.72%	12.89%	12.61%	12.28%	11.41%	11.9%
FCF / Net Income (%)	180.17%	135.76%	226.51%	126.07%	115.37%	100.85%	105.78%	103.68%
Profitability
ROA	2.94%	4.46%	2.56%	5.36%	5.67%	6.57%	5.6%	6.17%
ROE	9.54%	15.26%	8%	16.44%	16.76%	16.93%	15.67%	16.51%
Financial Health
Leverage (Debt/EBITDA)	4.02x	4.31x	3.73x	2.58x	2.86x	2.54x	2.12x	1.73x
Debt / Free cash flow	4.2x	4.68x	4.76x	3.64x	4.05x	3.67x	3.46x	2.77x
Capital Intensity
CAPEX / Current Assets (%)	2.8%	2.62%	2.51%	2.85%	2.75%	2.89%	2.81%	2.78%
CAPEX / EBITDA (%)	21.06%	17.95%	16.8%	15.66%	15.38%	16.28%	15.08%	14.57%
CAPEX / FCF (%)	22.05%	19.51%	21.44%	22.13%	21.8%	23.56%	24.62%	23.32%
Items per share
Cash flow per share ¹	10.84	12.31	12.63	15.27	14.59	14.79	15.08	16.11
Change	-	13.59%	2.53%	20.97%	-4.5%	1.4%	1.97%	6.82%
Dividend per Share ¹	3.5	4	4.25	4.7	5.2	5.404	5.818	6.354
Change	-	14.29%	6.25%	10.59%	10.64%	3.93%	7.65%	9.22%
Book Value Per Share ¹	45.13	55.34	60.28	60.5	65	70.88	76.02	82.53
Change	-	22.62%	8.93%	0.36%	7.44%	9.04%	7.26%	8.56%
EPS ¹	4.93	7.59	4.59	9.91	10.38	12.3	11.59	13.3
Change	-	53.96%	-39.53%	115.9%	4.74%	18.54%	-5.8%	14.77%
Nbr of stocks (in thousands)	796,319	798,333	789,577	791,442	779,054	782,659	782,659	782,659
Announcement Date	11/12/20	11/11/21	11/17/22	11/16/23	11/14/24	-	-	-