Stock Analysis Report

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Executive Summary

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

Snowflake Analysis

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

Stable Share Price: SIE is not significantly more volatile than the rest of Italian 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.

Market Performance

7 Day Return




IT Industrials


IT Market

1 Year Return




IT Industrials


IT Market

Return vs Industry: SIE underperformed the Italian Industrials industry which returned 0.3% over the past year.

Return vs Market: SIE exceeded the Italian Market which returned -9.5% over the past year.

Shareholder returns

7 Day1.0%0.7%2.8%
30 Day4.6%5.9%17.1%
90 Day-6.5%-2.7%9.7%
1 Year9.0%-5.2%10.3%-0.2%-7.0%-9.5%
3 Year19.2%-3.3%22.7%4.1%0.6%-9.2%
5 Year59.5%20.6%70.4%35.3%7.1%-26.5%

Long-Term 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


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


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: SIE (€111.5) is trading below our estimate of fair value (€162.08)

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

Price To Earnings Ratio

PE vs Industry: SIE is good value based on its PE Ratio (22x) compared to the XE Industrials industry average (23.5x).

PE vs Market: SIE is poor value based on its PE Ratio (22x) compared to the Italian market (18.2x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: SIE is overvalued based on its PB Ratio (2.5x) compared to the XE Industrials industry average (1.1x).

Next Steps

Future Growth

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


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIE's forecast earnings growth (13.6% per year) is above the savings rate (2%).

Earnings vs Market: SIE's earnings (13.6% per year) are forecast to grow slower than the Italian market (24.7% per year).

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

Revenue vs Market: SIE's revenue (3.6% per year) is forecast to grow faster than the Italian market (3.2% per year).

High Growth Revenue: SIE's revenue (3.6% 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 (14.5%).

Next Steps

Past Performance

How has Siemens performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SIE has high quality earnings.

Growing Profit Margin: SIE's current net profit margins (7.2%) are higher than last year (6%).

Past Earnings Growth Analysis

Earnings Trend: SIE's earnings have declined by 3.7% per year over the past 5 years.

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

Earnings vs Industry: SIE had negative earnings growth (-20.3%) over the past year, making it difficult to compare to the Industrials industry average (4.5%).

Return on Equity

High ROE: SIE's Return on Equity (10.8%) is considered low.

Next Steps

Financial Health

How is Siemens's financial position?

Financial Position Analysis

Short Term Liabilities: SIE's short term assets (€53.0B) exceed its short term liabilities (€34.1B).

Long Term Liabilities: SIE's short term assets (€53.0B) exceed its long term liabilities (€50.0B).

Debt to Equity History and Analysis

Debt Level: SIE's debt to equity ratio (106.1%) is considered high.

Reducing Debt: SIE's debt to equity ratio has increased from 84.3% to 106.1% over the past 5 years.

Debt Coverage: SIE's debt is well covered by operating cash flow (21%).

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

Balance Sheet

Next Steps


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


Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: SIE's dividend (3.11%) is higher than the bottom 25% of dividend payers in the Italian market (1.55%).

High Dividend: SIE's dividend (3.11%) is low compared to the top 25% of dividend payers in the Italian market (4.75%).

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.

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (68.5%), SIE's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: SIE's dividends in 3 years are forecast to be well covered by earnings (48.2% payout ratio).

Next Steps


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


Average management tenure


Roland Busch (56 yo)





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

CEO Compensation Analysis

Compensation vs Market: Roland's total compensation ($USD4.75M) is about average for companies of similar size in the Italian market ($USD5.58M).

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

Leadership Team

Roland Busch
CEO, COO0.083yr€3.99m0.0029%
€ 2.5m
Josef Kaeser
Chairman of Managing Board & President7.25yrs€8.13m0.0088%
€ 7.9m
Ralf Peter Thomas
CFO & Member of the Managing Board7.17yrs€4.32m0.0027%
€ 2.4m
Klaus Helmrich
Member of Managing Board9.58yrs€4.03m0.0028%
€ 2.5m
Cedrik Neike
CEO of Digital Industries & Member of Managing Board3.58yrs€3.96mno data
Matthias Rebellius
Member of the Managing Board & CEO of Smart Infrastructure0.17yrno datano data
Judith Wiese
Chief Human Resources Officer0.083yrno datano data
Sabine Reichel
Head of Investor Relations4.92yrsno datano data
Andreas Hoffmann
General Counsel6.92yrsno datano data
Martina Maier
Chief Compliance Officer1.92yrsno datano data
Florian Martens
Head of Global Media Relations & Executive Communications0.42yrno datano data
Leslie Bodnar
Chief Marketing Officer2.67yrsno datano data


Average Tenure


Average Age

Experienced Management: SIE's management team is considered experienced (3.1 years average tenure).

Board Members

Werner Brandt
Independent Member of Supervisory Board2.83yrs€324.00kno data
Michael Diekmann
Independent Member of Supervisory Board12.83yrs€215.00kno data
Werner Wenning
Independent Second Deputy Chairman of the Supervisory Board7.08yrs€397.50kno data
Norbert Reithofer
Independent Member of Supervisory Board5.83yrs€182.00kno data
Jürgen Kerner
Member of Supervisory Board8.83yrs€391.00kno data
Jim Snabe
Independent Chairman of Supervisory Board2.83yrs€612.50kno data
Nicola Leibinger-Kammüller
Member of Supervisory Board12.83yrs€245.50kno data
Bettina Haller
Member of Supervisory Board13.58yrs€244.00kno data
Harald Kern
Member of Supervisory Board12.83yrs€239.50kno data
Birgit Steinborn
First Deputy Chairwoman of Supervisory Board5.83yrs€471.00kno data
Nathalie von Siemens
Member of Supervisory Board5.83yrs€193.50kno data
Michael Sigmund
Member of Supervisory Board6.67yrs€149.00kno data


Average Tenure


Average Age

Experienced Board: SIE's board of directors are considered experienced (6.9 years average tenure).


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 company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Siemens Aktiengesellschaft
  • Ticker: SIE
  • Exchange: BIT
  • Founded: 1847
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Market Cap: €89.267b
  • Shares outstanding: 794.47m
  • Website:

Number of Employees


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


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SMAW.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 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
SIAENXTBR (Euronext Brussels)YesCommon StockBEEURJan 1975
SIEBIT (Borsa Italiana)YesCommon StockITEURJan 1975
SIEXTRA (XETRA Trading Platform)YesCommon StockDEEURJan 1975
SIEMENSBUSE (Budapest Stock Exchange)YesCommon StockHUHUFJan 1975
SIEDBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJan 1975
SIE NBMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJan 1975


Siemens Aktiengesellschaft operates in the fields of electrification, automation, and digitalization worldwide. Its Digital Industries segment offers automation systems and software for factories, numerica...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 18:34
End of Day Share Price2020/11/26 00:00
Annual Earnings2020/09/30

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.