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 40,859 - -
Change - -40.12% -14.16% -21.47% 14.96% -21.97% - -
Enterprise Value (EV) 1 86,164 24,561 17,718 9,487 17,870 4,285 1,398 -3,174
Change - -71.49% -27.86% -46.46% 88.36% -76.02% -67.38% -327.1%
P/E 5.99x 3.92x 3.5x 4.16x 7.76x 4.64x 3.57x 3.03x
PBR 0.62x 0.35x 0.32x 0.24x 0.28x 0.21x 0.2x 0.19x
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 -0.07x
EV / EBIT 4.47x 1.11x 0.78x 0.5x 2.02x 0.31x 0.08x -0.16x
EV / FCF 3.93x 3.31x 1.66x 1.71x 3.1x 0.77x 0.23x -0.32x
FCF Yield 25.4% 30.2% 60.4% 58.4% 32.3% 130% 432% -312%
Dividend per Share 2 7.56 8.76 9 6.36 5.26 5.28 6.417 7.705
Rate of return 4.26% 7.52% 8.05% 7.14% 5.08% 6.49% 7.89% 9.48%
EPS 2 29.65 29.69 31.98 21.42 13.35 17.51 22.76 26.85
Distribution rate 25.5% 29.5% 28.1% 29.7% 39.4% 30.2% 28.2% 28.7%
Net sales 1 250,200 279,232 322,284 324,656 321,913 323,295 330,021 337,020
EBITDA 1 32,359 37,721 36,513 36,796 32,102 36,710 39,295 43,365
EBIT 1 19,275 22,124 22,576 19,060 8,868 13,992 17,263 19,841
Net income 1 14,843 14,867 16,013 10,721 6,673 8,723 11,272 12,872
Net Debt 1 -26,685 -43,015 -40,289 -36,066 -34,497 -36,574 -39,461 -44,033
Reference price 2 177.48 116.42 111.80 89.04 103.55 81.30 81.30 81.30
Nbr of stocks (in thousands) 501,295 501,295 501,295 501,295 501,295 501,300 - -
Announcement Date 3/15/22 A 3/14/23 A 3/13/24 A 3/11/25 A 3/10/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
4.64x0.01x0.12x6.49% 47.48B
9.93x1.23x11.26x3.32% 233B
8.22x0.38x3.12x0.82% 77.01B
9.1x1.26x14.17x2.89% 65.8B
18.32x0.32x4.2x4.12% 58.3B
8.9x0.12x1.17x6.6% 51.25B
23.76x1.33x7.4x2.38% 46.82B
9.36x-0.05x-0.46x3.94% 43.71B
11.73x0.64x8.42x4.2% 42.32B
23.09x1.94x14.7x1.09% 37.52B
Average 12.70x 0.72x 6.41x 3.58% 70.34B
Weighted average by Cap. 11.62x 0.83x 7.60x 3.43%

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

  1. Stock Market
  2. Stocks
  3. VOW3 Stock
  4. Valuation Volkswagen AG