BUSE: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

Fundamentals

Established dividend payer with adequate balance sheet.


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


Market Performance


7 Day Return

5.5%

BMW

2.7%

HU Auto

0.7%

HU Market


1 Year Return

-5.0%

BMW

2.0%

HU Auto

10.4%

HU Market

Return vs Industry: BMW underperformed the Hungarian Auto industry which returned 2% over the past year.

Return vs Market: BMW underperformed the Hungarian Market which returned 10.4% over the past year.


Shareholder returns

BMWIndustryMarket
7 Day5.5%2.7%0.7%
30 Day5.4%2.0%-0.04%
90 Day3.7%5.2%-1.5%
1 Year-0.05%-5.0%7.1%2.0%13.5%10.4%
3 Year6.7%-6.7%21.5%8.9%50.9%38.5%
5 Year9.5%-10.9%22.4%3.8%159.6%127.1%

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?

9.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: BMW (HUF22600) is trading above our estimate of fair value (HUF20205.5)

Significantly Undervalued: BMW is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BMW is poor value based on its PE Ratio (9.2x) compared to the Auto industry average (8.7x).

PE vs Market: BMW is good value based on its PE Ratio (9.2x) compared to the Hungarian market (14.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: BMW is poor 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 (1.2x).


Next Steps

Future Growth

How is Bayerische Motoren Werke forecast to perform in the next 1 to 3 years based on estimates from 27 analysts?

9.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BMW's forecast earnings growth (9.1% per year) is above the savings rate (3%).

Earnings vs Market: BMW's earnings (9.1% per year) are forecast to grow faster than the Hungarian market (6.5% per year).

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

Revenue vs Market: BMW's revenue (1.5% per year) is forecast to grow slower than the Hungarian market (4.8% per year).

High Growth Revenue: BMW's revenue (1.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: BMW's Return on Equity is forecast to be low in 3 years time (10.6%).


Next Steps

Past Performance

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

4.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BMW's earnings have grown by 4.3% 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 (-43.2%) over the past year, making it difficult to compare to the Auto industry average (17.2%).


Return on Equity

High ROE: BMW's Return on Equity (8.6%) is considered low.


Return on Assets

ROA vs Industry: BMW's Return on Assets is below or equal to the Auto industry average last year.


Return on Capital Employed

ROCE Improving: BMW's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Bayerische Motoren Werke's financial position?


Financial Position Analysis

Short Term Liabilities: BMW's short term assets (€87.6B) exceeds its short term liabilities (€76.1B)

Long Term Liabilities: BMW's short term assets (87.6B) exceeds its long term liabilities (85.9B)


Debt to Equity History and Analysis

Debt Level: BMW's debt to equity ratio (194.9%) is considered high

Reducing Debt: BMW's debt to equity ratio has reduced from 201.7% to 194.9% over the past 5 years.

Debt Coverage: BMW's debt is not well covered by operating cash flow (3.3%).

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?

5.19%

Current Dividend Yield


Dividend Yield vs Market

company5.2%marketbottom25%2.2%markettop25%5.6%industryaverage4.5%forecastin3Years4.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BMW's dividend (5.19%) is higher than the bottom 25% of dividend payers in the Hungarian market (2.15%).

High Dividend: BMW's dividend (5.19%) is low compared to the top 25% of dividend payers in the Hungarian market (5.62%).

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 (31.8% payout ratio).


Next Steps

Management

What is the CEO of Bayerische Motoren Werke's salary, the management and board of directors tenure and is there insider trading?

2.9yrs

Average management tenure


CEO

Oliver Zipse (55yo)

0.2yrs

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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Hungarian market.

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


Management Age and Tenure

2.9yrs

Average Tenure

57yo

Average Age

Experienced Management: BMW's management team is considered experienced (2.9 years average tenure).


Board Age and Tenure

11.8yrs

Average Tenure

60yo

Average Age

Experienced Board: BMW's board of directors are seasoned and experienced ( 11.8 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Peter Schwarzenbauer (60yo)

    Member of Board of Management

    • Tenure: 6.5yrs
    • Compensation: €3.34m
  • Pieter A. Nota (55yo)

    Member of Management Board

    • Tenure: 1.8yrs
    • Compensation: €2.92m
  • Andreas Wendt (61yo)

    Head of Purchasing & Supplier Network and Member of Management Board

    • Tenure: 1yrs
    • Compensation: €1.37m
  • Milagros Carreiro-Andree (57yo)

    Human Resources & Industrial Relations Director and Member of Board of Management

    • Tenure: 7.3yrs
    • Compensation: €3.36m
  • Oliver Zipse (55yo)

    Chairman of Management Board & CEO

    • Tenure: 0.2yrs
    • Compensation: €3.15m
  • Klaus Fröhlich (59yo)

    Head of Development & Member of the Board of Management

    • Tenure: 4.8yrs
    • Compensation: €3.34m
  • Milan Nedeljkovic (50yo)

    Member of Board of Management

    • Tenure: 0yrs
  • Nicolas Peter (57yo)

    CFO & Member of Management Board

    • Tenure: 2.8yrs
    • Compensation: €2.87m
  • Alexander Bilgeri

    Vice President of Product

    • Tenure: 3.1yrs
  • Torsten Schuessler

    Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • Stefan Quandt (53yo)

    Deputy Chairman of Supervisory Board

    • Tenure: 20.8yrs
    • Compensation: €430.00k
  • Karl-Ludwig Kley (68yo)

    Deputy Chairman of Supervisory Board

    • Tenure: 9.4yrs
    • Compensation: €430.00k
  • Susanne Klatten (57yo)

    Member of Supervisory Board

    • Tenure: 22.8yrs
    • Compensation: €218.00k
  • Norbert Reithofer (63yo)

    Chairman of Supervisory Board

    • Tenure: 4.4yrs
    • Compensation: €640.00k
  • Willibald Löw (63yo)

    Employee Representative Member of Supervisory Board

    • Tenure: 20.8yrs
    • Compensation: €220.00k
  • Manfred Schoch (64yo)

    Deputy Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €430.00k
  • Werner Zierer (60yo)

    Employee Representative Member of Supervisory Board

    • Tenure: 18.8yrs
    • Compensation: €220.00k
  • Stefan Schmid (54yo)

    Deputy Chairman of Supervisory Board

    • Tenure: 11.8yrs
    • Compensation: €428.00k
  • Thomas Wittig (59yo)

    Head of Group Financial Services & Employee Representative Member of Supervisory Board

    • Tenure: 0.8yrs
  • Markus Flasch

    Chairman of the Board of Management of BMW M GmbH & Head of Development of BMW 8 series models

    • Tenure: 1yrs

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: BUSE
  • Founded: 1916
  • Industry: Automobile Manufacturers
  • Sector: Automobiles
  • Market Cap: €43.595b
  • Listing Market Cap: €14.422t
  • 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
0O0VLSE (London Stock Exchange)Preferred StockGBEURJan 1992
BAMX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 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
BYMO.FOTCPK (Pink Sheets LLC)Preferred StockUSUSDJan 1992
BMWSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1992
BMW3SWX (SIX Swiss Exchange)Preferred StockCHCHFJan 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
BMWWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
BMWBDB (Deutsche Boerse AG)SPONSORED ADRDEEUROct 2008
BMWY.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDOct 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 t ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 20:50
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
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.