BUSE:SIEMENS

Stock Analysis Report

Executive Summary

Siemens Aktiengesellschaft operates in the fields of electrification, automation, and digitalization worldwide.

Snowflake

Fundamentals

Established dividend payer with adequate balance sheet.


Similar Companies

Share Price & News

How has Siemens's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.4%

SIEMENS

0.5%

HU Industrials

0.7%

HU Market


1 Year Return

3.2%

SIEMENS

3.8%

HU Industrials

10.4%

HU Market

Return vs Industry: SIEMENS matched the Hungarian Industrials industry which returned 3.8% over the past year.

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


Shareholder returns

SIEMENSIndustryMarket
7 Day2.4%0.5%0.7%
30 Day3.7%0.7%-0.04%
90 Day2.8%-0.2%-1.5%
1 Year7.3%3.2%7.4%3.8%13.5%10.4%
3 Year13.8%3.0%12.1%2.1%50.9%38.5%
5 Year51.5%27.4%52.0%28.8%159.6%127.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Siemens undervalued compared to its fair value and its price relative to the market?

21.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: SIEMENS (HUF33500) is trading below our estimate of fair value (HUF42451.81)

Significantly Undervalued: SIEMENS is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SIEMENS is good value based on its PE Ratio (18.4x) compared to the Industrials industry average (23.2x).

PE vs Market: SIEMENS is poor value based on its PE Ratio (18.4x) compared to the Hungarian market (14.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: SIEMENS is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: SIEMENS is overvalued based on its PB Ratio (1.8x) compared to the XE Industrials industry average (1x).


Next Steps

Future Growth

How is Siemens forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

11.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIEMENS's forecast earnings growth (11.5% per year) is above the savings rate (3%).

Earnings vs Market: SIEMENS's earnings (11.5% per year) are forecast to grow faster than the Hungarian market (6.5% per year).

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

Revenue vs Market: SIEMENS's revenue (3.3% per year) is forecast to grow slower than the Hungarian market (4.8% per year).

High Growth Revenue: SIEMENS's revenue (3.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: SIEMENS's Return on Equity is forecast to be low in 3 years time (12.5%).


Next Steps

Past Performance

How has Siemens performed over the past 5 years?

0.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SIEMENS's earnings have grown by 0.2% per year over the past 5 years.

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

Earnings vs Industry: SIEMENS had negative earnings growth (-30.9%) over the past year, making it difficult to compare to the Industrials industry average (-6.7%).


Return on Equity

High ROE: SIEMENS's Return on Equity (10.2%) is considered low.


Return on Assets

ROA vs Industry: SIEMENS has a higher Return on Assets than the Industrials industry average last year.


Return on Capital Employed

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


Next Steps

Financial Health

How is Siemens's financial position?


Financial Position Analysis

Short Term Liabilities: SIEMENS's short term assets (€66.2B) exceeds its short term liabilities (€52.6B)

Long Term Liabilities: SIEMENS's short term assets (66.2B) exceeds its long term liabilities (43.5B)


Debt to Equity History and Analysis

Debt Level: SIEMENS's debt to equity ratio (75.4%) is considered high

Reducing Debt: SIEMENS's debt to equity ratio has reduced from 77.9% to 75.4% over the past 5 years.

Debt Coverage: SIEMENS's debt is not well covered by operating cash flow (18.5%).

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


Balance Sheet

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

Debt Coverage by Assets: SIEMENS's debt is covered by short term assets (assets are 1.851220x debt).


Next Steps

Dividend

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

3.81%

Current Dividend Yield


Dividend Yield vs Market

company3.8%marketbottom25%2.2%markettop25%5.6%industryaverage3.4%forecastin3Years4.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SIEMENS's dividend (3.81%) is higher than the bottom 25% of dividend payers in the Hungarian market (2.15%).

High Dividend: SIEMENS's dividend (3.81%) is low compared to the top 25% of dividend payers in the Hungarian market (5.62%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (69.9%), SIEMENS's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SIEMENS's dividends in 3 years are forecast to be well covered by earnings (43.3% payout ratio).


Next Steps

Management

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

4.9yrs

Average management tenure


CEO

Joe Kaeser (62yo)

6.2yrs

Tenure

€7,821,000

Compensation

Mr. Josef Kaeser, also known as Joe, serves as the Chief Executive Officer and President at Siemens A.E. Mr. Kaeser has been the Chief Executive Officer and President for Siemens Aktiengesellschaft (Altern ...


CEO Compensation Analysis

Compensation vs. Market: Joe's total compensation ($USD8.71M) is about average for companies of similar size in the Hungarian market ($USD3.62M).

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


Management Age and Tenure

4.9yrs

Average Tenure

56yo

Average Age

Experienced Management: SIEMENS's management team is considered experienced (4.9 years average tenure).


Board Age and Tenure

7.3yrs

Average Tenure

59.5yo

Average Age

Experienced Board: SIEMENS's board of directors are considered experienced (7.3 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

  • Ralf Peter Thomas (58yo)

    CFO & Member of the Managing Board

    • Tenure: 6.1yrs
    • Compensation: €3.92m
  • Joe Kaeser (62yo)

    Chairman of Managing Board

    • Tenure: 6.2yrs
    • Compensation: €7.82m
  • Helmuth Ludwig (56yo)

    Chief Information Officer

    • Tenure: 3yrs
  • Klaus Helmrich (61yo)

    CEO of Digital Industries & Member of Managing Board

    • Tenure: 8.5yrs
    • Compensation: €3.89m
  • Michael Sen (51yo)

    Co-CEO of Siemens' Gas and Power Operating Company & Member of Management Board

    • Tenure: 2.5yrs
    • Compensation: €4.32m
  • Roland Busch (55yo)

    Deputy CEO

    • Tenure: 8.5yrs
    • Compensation: €3.90m
  • Janina Kugel (49yo)

    Chief Human Resources & Member of Managing Board

    • Tenure: 4.7yrs
    • Compensation: €3.87m
  • Lisa Davis (56yo)

    CEO of Gas & Power Division and Member of Managing Board

    • Tenure: 5.2yrs
    • Compensation: €4.23m
  • Sabine Reichel

    Head of Investor Relations

    • Tenure: 3.8yrs
  • Cedrik Neike (46yo)

    CEO of Smart Infrastructure & Member of Managing Board

    • Tenure: 2.5yrs
    • Compensation: €3.83m

Board Members

  • Werner Brandt (65yo)

    Member of Supervisory Board

    • Tenure: 1.8yrs
    • Compensation: €240.00k
  • Mike Diekmann (65yo)

    Member of Supervisory Board

    • Tenure: 11.8yrs
    • Compensation: €216.50k
  • Werner Wenning (73yo)

    Second Deputy Chairman of the Supervisory Board

    • Tenure: 6yrs
    • Compensation: €403.50k
  • Jürgen Kerner (50yo)

    Member of Supervisory Board

    • Tenure: 7.8yrs
    • Compensation: €394.00k
  • Jim Snabe (54yo)

    Chairman of Supervisory Board

    • Tenure: 1.8yrs
    • Compensation: €536.00k
  • Nicola Leibinger-Kammüller (60yo)

    Member of Supervisory Board

    • Tenure: 11.8yrs
    • Compensation: €248.50k
  • Bettina Haller (60yo)

    Member of Supervisory Board

    • Tenure: 12.5yrs
    • Compensation: €244.00k
  • Harald Kern (59yo)

    Member of Supervisory Board

    • Tenure: 11.8yrs
    • Compensation: €244.00k
  • Birgit Steinborn (59yo)

    First Deputy Chairwoman of Supervisory Board

    • Tenure: 4.8yrs
    • Compensation: €477.00k
  • Robert Kensbock (48yo)

    Member of Supervisory Board

    • Tenure: 6.8yrs
    • Compensation: €351.50k

Company Information

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


Key Information

  • Name: Siemens Aktiengesellschaft
  • Ticker: SIEMENS
  • Exchange: BUSE
  • Founded: 1847
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Market Cap: €78.810b
  • Listing Market Cap: €26.072t
  • Shares outstanding: 789.92m
  • Website: https://www.siemens.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SIAENXTBR (Euronext Brussels)YesCommon StockBEEURJan 1975
SIE NBMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJan 1975
0P6MLSE (London Stock Exchange)YesCommon StockGBEURJan 1975
SIEDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1975
SIEWBAG (Wiener Boerse AG)YesCommon StockATEURJan 1975
SINSWX (SIX Swiss Exchange)YesCommon StockCHCHFJan 1975
SMAW.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1975
SIEBIT (Borsa Italiana)YesCommon StockITEURJan 1975
SIEXTRA (XETRA Trading Platform)YesCommon StockDEEURJan 1975
SIEDBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJan 1975
SIEMENSBUSE (Budapest Stock Exchange)YesCommon StockHUHUFJan 1975
SIEBDB (Deutsche Boerse AG)SPONSORED ADRDEEURMar 2001
SIEG.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDMar 2001

Biography

Siemens Aktiengesellschaft operates in the fields of electrification, automation, and digitalization worldwide. Its Power and Gas segment offers gas and steam turbines, generators, compressor trains, integ ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:11
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/09/30


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.