WBAG:BMW

Stock Analysis Report

Bayerische Motoren Werke

Executive Summary

Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles and motorcycles, and spare parts and accessories worldwide.


Snowflake Analysis

6 star dividend payer and good value.


Similar Companies

Share Price & News

How has Bayerische Motoren Werke's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BMW has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.2%

BMW

-1.9%

AT Auto

-1.3%

AT Market


1 Year Return

-12.0%

BMW

-5.6%

AT Auto

3.5%

AT Market

Return vs Industry: BMW underperformed the Austrian Auto industry which returned -5.6% over the past year.

Return vs Market: BMW underperformed the Austrian Market which returned 3.5% over the past year.


Shareholder returns

BMWIndustryMarket
7 Day-2.2%-1.9%-1.3%
30 Day-7.6%-3.9%0.4%
90 Day-13.0%-9.7%-1.2%
1 Year-7.4%-12.0%-0.9%-5.6%7.2%3.5%
3 Yearn/a2.0%-8.7%27.3%15.8%
5 Yearn/a-17.0%-30.2%51.3%30.3%

Price Volatility Vs. Market

How volatile is Bayerische Motoren Werke's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Bayerische Motoren Werke undervalued compared to its fair value and its price relative to the market?

8.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BMW (€64.49) is trading above our estimate of fair value (€43.87)

Significantly Below Fair Value: BMW is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BMW is good value based on its PE Ratio (8.8x) compared to the Auto industry average (9.8x).

PE vs Market: BMW is good value based on its PE Ratio (8.8x) compared to the Austrian market (14.1x).


Price to Earnings Growth Ratio

PEG Ratio: BMW is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: BMW is good value based on its PB Ratio (0.8x) compared to the XE Auto industry average (0.9x).


Next Steps

Future Growth

How is Bayerische Motoren Werke forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?

9.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BMW's forecast earnings growth (9% per year) is above the savings rate (-0.1%).

Earnings vs Market: BMW's earnings (9% per year) are forecast to grow faster than the Austrian market (2.3% per year).

High Growth Earnings: BMW's earnings are forecast to grow, but not significantly.

Revenue vs Market: BMW's revenue (1.7% per year) is forecast to grow slower than the Austrian market (2.7% per year).

High Growth Revenue: BMW's revenue (1.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BMW's Return on Equity is forecast to be low in 3 years time (10%).


Next Steps

Past Performance

How has Bayerische Motoren Werke performed over the past 5 years?

2.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BMW has high quality earnings.

Growing Profit Margin: BMW's current net profit margins (5%) are lower than last year (8.2%).


Past Earnings Growth Analysis

Earnings Trend: BMW's earnings have grown by 2% per year over the past 5 years.

Accelerating Growth: BMW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BMW had negative earnings growth (-38.2%) over the past year, making it difficult to compare to the Auto industry average (2.3%).


Return on Equity

High ROE: BMW's Return on Equity (8.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bayerische Motoren Werke's financial position?


Financial Position Analysis

Short Term Liabilities: BMW's short term assets (€91.7B) exceed its short term liabilities (€80.6B).

Long Term Liabilities: BMW's short term assets (€91.7B) exceed its long term liabilities (€88.0B).


Debt to Equity History and Analysis

Debt Level: BMW's debt to equity ratio (196.1%) is considered high.

Reducing Debt: BMW's debt to equity ratio has reduced from 207.6% to 196.1% over the past 5 years.

Debt Coverage: BMW's debt is not well covered by operating cash flow (2.7%).

Interest Coverage: BMW earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: BMW has a low level of unsold assets or inventory.

Debt Coverage by Assets: BMW's debt is not covered by short term assets (assets are 0.8x debt).


Next Steps

Dividend

What is Bayerische Motoren Werke's current dividend yield, its reliability and sustainability?

5.43%

Current Dividend Yield


Dividend Yield vs Market

company5.4%marketbottom25%1.6%markettop25%4.6%industryaverage4.9%forecastin3Years5.1%

Current dividend yield vs market & industry

Notable Dividend: BMW's dividend (5.43%) is higher than the bottom 25% of dividend payers in the Austrian market (1.58%).

High Dividend: BMW's dividend (5.43%) is in the top 25% of dividend payers in the Austrian market (4.58%)


Stability and Growth of Payments

Stable Dividend: BMW's dividends per share have been stable in the past 10 years.

Growing Dividend: BMW's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (48%), BMW's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BMW's dividends in 3 years are forecast to be well covered by earnings (30.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Oliver Zipse (55yo)

0.5yrs

Tenure

€3,153,811

Compensation

Mr. Oliver Zipse serves as Chairman of the Management Board at Bayerische Motoren Werke AG since August 16, 2019 and has been its Member of Management Board since May 13, 2015. He serves as Chief Executive ...


CEO Compensation Analysis

Compensation vs Market: Oliver's total compensation ($USD3.43M) is about average for companies of similar size in the Austrian market ($USD3.59M).

Compensation vs Earnings: Oliver's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Oliver Zipse
Chairman of Management Board & CEO0.5yrs€3.15mno data
Nicolas Peter
CFO & Member of Management Board3.1yrs€2.87mno data
Klaus Fröhlich
Head of Development & Member of the Board of Management5.2yrs€3.34mno data
Andreas Wendt
Head of Purchasing & Supplier Network and Member of Management Board1.3yrs€1.37mno data
Pieter A. Nota
Member of Management Board2.1yrs€2.92mno data
Milan Nedeljkovic
Member of Board of Management0.3yrsno datano data
Ilka Horstmeier
Human Resources1.1yrsno datano data
Alexander Bilgeri
Vice President of Product3.4yrsno datano data
Torsten Schuessler
Head of Investor Relations0yrsno datano data
Jurgen Reul
General Counsel0yrsno datano data

1.7yrs

Average Tenure

55yo

Average Age

Experienced Management: BMW's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Thomas Wittig
Head of Group Financial Services & Employee Representative Member of Supervisory Board1.1yrsno datano data
Stefan Quandt
Deputy Chairman of Supervisory Board21.1yrs€430.00k15.37% 6.4b
Karl-Ludwig Kley
Deputy Chairman of Supervisory Board9.8yrs€430.00kno data
Susanne Klatten
Member of Supervisory Board23.1yrs€218.00k19.12% 8.0b
Norbert Reithofer
Chairman of Supervisory Board4.8yrs€640.00kno data
Willibald Löw
Employee Representative Member of Supervisory Board21.1yrs€220.00kno data
Manfred Schoch
Deputy Chairman of Supervisory Board0yrs€430.00kno data
Werner Zierer
Employee Representative Member of Supervisory Board19.1yrs€220.00kno data
Stefan Schmid
Deputy Chairman of Supervisory Board12.1yrs€428.00kno data
Markus Flasch
Chairman of the Board of Management of BMW M GmbH & Head of Development of BMW 8 series models1.3yrsno datano data

12.1yrs

Average Tenure

60yo

Average Age

Experienced Board: BMW's board of directors are seasoned and experienced ( 12.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bayerische Motoren Werke Aktiengesellschaft's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bayerische Motoren Werke Aktiengesellschaft
  • Ticker: BMW
  • Exchange: WBAG
  • Founded: 1916
  • Industry: Automobile Manufacturers
  • Sector: Automobiles
  • Market Cap: €41.697b
  • Shares outstanding: 658.12m
  • Website: https://www.bmwgroup.com/de.html

Number of Employees


Location

  • Bayerische Motoren Werke Aktiengesellschaft
  • Petuelring 130
  • Munich
  • Bavaria
  • 80788
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BAMX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
BYMO.FOTCPK (Pink Sheets LLC)Preferred StockUSUSDJan 1992
BMWDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
BMW3DB (Deutsche Boerse AG)Preferred StockDEEURJan 1992
BMWBUSE (Budapest Stock Exchange)YesOrdinary SharesHUHUFJan 1992
0O0ULSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
BMWXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
BMW3XTRA (XETRA Trading Platform)Preferred StockDEEURJan 1992
BMWBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
0O0VLSE (London Stock Exchange)Preferred StockGBEURJan 1992
BMWDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
BMWM5 NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJan 1992
BMW3DBATS-CHIXE (BATS 'Chi-X Europe')Preferred StockGBEURJan 1992
BMW3SWX (SIX Swiss Exchange)Preferred StockCHCHFJan 1992
BMWSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1992
BMWWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
BMW3ETLX (Eurotlx)Preferred StockITEURJan 1992
BMWY.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDOct 2008
BMWBDB (Deutsche Boerse AG)SPONSORED ADRDEEUROct 2008

Biography

Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles and motorcycles, and spare parts and accessories worldwide. The company operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment develops, manufactures, assembles, and sells automobiles and off-road vehicles under the BMW, MINI, and Rolls-Royce brands; and spare parts and accessories, as well as offers mobility services. This segment sells its products through independent and authorized dealerships. The Motorcycles segment develops, manufactures, assembles, and sells motorcycles under the BMW Motorrad brand; and spare parts and accessories. The Financial Services segment is involved in automobile leasing, fleet and multi-brand business, retail and dealership financing, customer deposit business, and insurance activities. The company has a strategic collaboration with Jaguar Land Rover Automotive plc to develop electric drive systems. Bayerische Motoren Werke Aktiengesellschaft was founded in 1916 and is based in Munich, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 23:37
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.