Company Valuation: Volkswagen

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 40,740 - -
Change - -40.12% -14.16% -21.47% 14.96% -22.2% - -
Enterprise Value (EV) 1 86,164 24,561 17,718 9,487 17,870 4,290 1,444 -3,694
Change - -71.49% -27.86% -46.46% 88.36% -75.99% -66.33% -355.78%
P/E 5.99x 3.92x 3.5x 4.16x 7.76x 4.07x 3.29x 2.84x
PBR 0.62x 0.35x 0.32x 0.24x 0.28x 0.2x 0.2x 0.18x
PEG - 29.06x 0.45x -0.1x -0.2x 0.1x 0.1x 0.2x
Capitalization / Revenue 0.45x 0.24x 0.18x 0.14x 0.16x 0.13x 0.12x 0.12x
EV / Revenue 0.34x 0.09x 0.05x 0.03x 0.06x 0.01x 0x -0.01x
EV / EBITDA 2.66x 0.65x 0.49x 0.26x 0.56x 0.12x 0.04x -0.08x
EV / EBIT 4.47x 1.11x 0.78x 0.5x 2.02x 0.27x 0.08x -0.17x
EV / FCF 3.93x 3.31x 1.66x 1.71x 3.1x 0.84x 0.22x -0.36x
FCF Yield 25.4% 30.2% 60.4% 58.4% 32.3% 119% 465% -278%
Dividend per Share 2 7.56 8.76 9 6.36 5.26 5.993 7.252 8.254
Rate of return 4.26% 7.52% 8.05% 7.14% 5.08% 7.45% 9.01% 10.3%
EPS 2 29.65 29.69 31.98 21.42 13.35 19.75 24.42 28.35
Distribution rate 25.5% 29.5% 28.1% 29.7% 39.4% 30.3% 29.7% 29.1%
Net sales 1 250,200 279,232 322,284 324,656 321,913 325,488 332,142 341,739
EBITDA 1 32,359 37,721 36,513 36,796 32,102 36,826 41,209 43,911
EBIT 1 19,275 22,124 22,576 19,060 8,868 15,695 18,728 21,187
Net income 1 14,843 14,867 16,013 10,721 6,673 9,900 12,423 14,155
Net Debt 1 -26,685 -43,015 -40,289 -36,066 -34,497 -36,451 -39,296 -44,435
Reference price 2 177.48 116.42 111.80 89.04 103.55 80.44 80.44 80.44
Nbr of stocks (in thousands) 501,295 501,295 501,295 501,295 501,295 501,295 - -
Announcement Date 15/03/22 14/03/23 13/03/24 11/03/25 10/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.1x1.3x11.85x3.67% 224B
13.6x1.44x15.52x1.85% 90.56B
6.64x0.34x2.72x0.94% 71.49B
21.7x0.29x3.94x4.29% 56.02B
26.39x1.43x8.06x2.16% 50.14B
7.69x0.09x0.87x7.52% 48B
7.2x-0.06x-0.52x5.18% 41.76B
23.86x2.23x15.36x0.95% 36.42B
13.9x0.58x6.96x4.96% 34.09B
Average 14.45x 0.85x 7.20x 3.5% 72.54B
Weighted average by Cap. 12.71x 0.98x 8.73x 3.35%

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

-40%: Exceptional extension
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