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SIE

Siemens XTRA:SIE Stock Report

Last Price

€109.92

Market Cap

€87.2b

7D

0.6%

1Y

-22.9%

Updated

11 Aug, 2022

Data

Company Financials +
SIE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance2/6
Financial Health4/6
Dividends5/6

SIE Stock Overview

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia.

Siemens Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Siemens
Historical stock prices
Current Share Price€109.92
52 Week High€157.96
52 Week Low€93.67
Beta1.24
1 Month Change12.59%
3 Month Change-5.31%
1 Year Change-22.92%
3 Year Change29.32%
5 Year Change-1.37%
Change since IPO430.00%

Recent News & Updates

Shareholder Returns

SIEDE IndustrialsDE Market
7D0.6%0.6%-0.2%
1Y-22.9%-23.0%-20.5%

Return vs Industry: SIE matched the German Industrials industry which returned -23.1% over the past year.

Return vs Market: SIE underperformed the German Market which returned -20% over the past year.

Price Volatility

Is SIE's price volatile compared to industry and market?
SIE volatility
SIE Average Weekly Movement5.1%
Industrials Industry Average Movement5.1%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.3%
10% least volatile stocks in DE Market2.8%

Stable Share Price: SIE is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SIE's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1847303,000Roland Buschhttps://www.siemens.com

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services segments. The Digital Industries segment offers automation systems and software for factories, numerical control systems, motors, drives and inverters, and integrated automation systems for machine tools and production machines; process control systems, machine-to-machine communication products, sensors and radio frequency identification systems; software for production and product lifecycle management, and simulation and testing of mechatronic systems; and cloud-based industrial Internet of Things operating systems.

Siemens Fundamentals Summary

How do Siemens's earnings and revenue compare to its market cap?
SIE fundamental statistics
Market Cap€87.17b
Earnings (TTM)€5.04b
Revenue (TTM)€67.07b

17.3x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SIE income statement (TTM)
Revenue€67.07b
Cost of Revenue€42.94b
Gross Profit€24.13b
Other Expenses€19.08b
Earnings€5.04b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 11, 2022

Earnings per share (EPS)6.36
Gross Margin35.97%
Net Profit Margin7.52%
Debt/Equity Ratio96.7%

How did SIE perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

64%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is SIE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SIE?

Other financial metrics that can be useful for relative valuation.

SIE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2x
Enterprise Value/EBITDA15x
PEG Ratio1.7x

Price to Earnings Ratio vs Peers

How does SIE's PE Ratio compare to its peers?

SIE PE Ratio vs Peers
The above table shows the PE ratio for SIE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average32.7x
INH INDUS Holding
16.2x32.8%€628.0m
MBB MBB
74.8x69.2%€612.7m
DTG Daimler Truck Holding
19.6x16.8%€22.9b
MMM 3M
20.5x15.6%US$85.3b
SIE Siemens
17.3x10.5%€87.2b

Price-To-Earnings vs Peers: SIE is good value based on its Price-To-Earnings Ratio (17.3x) compared to the peer average (32.7x).


Price to Earnings Ratio vs Industry

How does SIE's PE Ratio compare vs other companies in the European Industrials Industry?

Price-To-Earnings vs Industry: SIE is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the German Industrials industry average (17.2x)


Price to Earnings Ratio vs Fair Ratio

What is SIE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SIE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.3x
Fair PE Ratio35.5x

Price-To-Earnings vs Fair Ratio: SIE is good value based on its Price-To-Earnings Ratio (17.3x) compared to the estimated Fair Price-To-Earnings Ratio (35.5x).


Share Price vs Fair Value

What is the Fair Price of SIE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SIE (€109.92) is trading below our estimate of fair value (€214.05)

Significantly Below Fair Value: SIE is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Siemens forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIE's forecast earnings growth (10.5% per year) is above the savings rate (-0.01%).

Earnings vs Market: SIE's earnings (10.5% per year) are forecast to grow faster than the German market (8.5% per year).

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

Revenue vs Market: SIE's revenue (4.4% per year) is forecast to grow slower than the German market (4.7% per year).

High Growth Revenue: SIE's revenue (4.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SIE's Return on Equity is forecast to be low in 3 years time (14.2%).


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Past Performance

How has Siemens performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-5.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SIE has high quality earnings.

Growing Profit Margin: SIE's current net profit margins (7.5%) are lower than last year (8.1%).


Past Earnings Growth Analysis

Earnings Trend: SIE's earnings have declined by 5.6% per year over the past 5 years.

Accelerating Growth: SIE's earnings growth over the past year (9.5%) exceeds its 5-year average (-5.6% per year).

Earnings vs Industry: SIE earnings growth over the past year (9.5%) underperformed the Industrials industry 50%.


Return on Equity

High ROE: SIE's Return on Equity (11.2%) is considered low.


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Financial Health

How is Siemens's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SIE's short term assets (€55.7B) exceed its short term liabilities (€42.7B).

Long Term Liabilities: SIE's short term assets (€55.7B) exceed its long term liabilities (€50.6B).


Debt to Equity History and Analysis

Debt Level: SIE's net debt to equity ratio (78%) is considered high.

Reducing Debt: SIE's debt to equity ratio has increased from 95.9% to 96.7% over the past 5 years.

Debt Coverage: SIE's debt is well covered by operating cash flow (21.3%).

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


Balance Sheet


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Dividend

What is Siemens's current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.64%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SIE's dividend (3.64%) is higher than the bottom 25% of dividend payers in the German market (1.44%).

High Dividend: SIE's dividend (3.64%) is low compared to the top 25% of dividend payers in the German market (4.48%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (63.7%), SIE's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (37.4%), SIE's dividend payments are well covered by cash flows.


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Management

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

4.4yrs

Average management tenure


CEO

Roland Busch (58 yo)

11.33yrs

Tenure

€7,054,000

Compensation

Dr. Roland Busch, Dipl Phys., has been Member of Supervisory Board at Siemens Healthineers AG since February 12, 2020. Dr. Busch has been Chief Executive Officer of Siemens Aktiengesellschaft since October...


CEO Compensation Analysis

Compensation vs Market: Roland's total compensation ($USD7.28M) is above average for companies of similar size in the German market ($USD5.57M).

Compensation vs Earnings: Roland's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: SIE's management team is considered experienced (4.4 years average tenure).


Board Members

Experienced Board: SIE's board of directors are considered experienced (8.6 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

Siemens Aktiengesellschaft's employee growth, exchange listings and data sources


Key Information

  • Name: Siemens Aktiengesellschaft
  • Ticker: SIE
  • Exchange: XTRA
  • Founded: 1847
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Implied Market Cap: €87.167b
  • Shares outstanding: 793.00m
  • Website: https://www.siemens.com

Number of Employees


Location

  • Siemens Aktiengesellschaft
  • Werner-von-Siemens-Strasse 1
  • Munich
  • Bavaria
  • 80333
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


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.