Volkswagen AG

WSE:VOW Stock Report

Market Cap: zł193.9b

Volkswagen Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
zł1.48k
Fair Value
74.0% undervalued intrinsic discount
21
Number of Analysts

Below Fair Value: VOW (PLN385.1) is trading below our estimate of fair value (PLN1481.92)

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

Key Valuation Metric

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

Key metric: As VOW is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VOW. This is calculated by dividing VOW's market cap by their current earnings.
What is VOW's PE Ratio?
PE Ratio3.7x
Earnings€12.26b
Market Cap€45.35b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VOW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.6x
BMW Bayerische Motoren Werke
5.9x3.1%€47.9b
7267 Honda Motor
7.3x4.7%JP¥7.4t
F Ford Motor
11x18.0%US$38.8b
MARUTI Maruti Suzuki India
26.3x10.5%₹3.7t
VOW Volkswagen
3.7x9.4%zł45.3b

Price-To-Earnings vs Peers: VOW is good value based on its Price-To-Earnings Ratio (3.7x) compared to the peer average (12.7x).

Price to Earnings Ratio vs Industry

How does VOW's PE Ratio compare vs other companies in the Global Auto Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
VOW 3.7xIndustry Avg. 16.3xNo. of Companies16PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VOW is good value based on its Price-To-Earnings Ratio (3.7x) compared to the Global Auto industry average (16.6x).

Price to Earnings Ratio vs Fair Ratio

What is VOW'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.

VOW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate VOW's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

The above table shows the analyst VOW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł385.10
zł488.42
+26.8%
20.6%zł769.63zł319.79n/a21
Jan ’26n/a
zł488.67
0%
20.6%zł770.02zł319.95n/a21
Dec ’25zł350.30
zł508.88
+45.3%
18.9%zł784.90zł365.27n/a21
Nov ’25zł387.70
zł512.97
+32.3%
18.3%zł787.37zł366.42n/a21
Oct ’25zł414.00
zł534.31
+29.1%
20.1%zł792.80zł359.97n/a21
Sep ’25zł410.10
zł561.90
+37.0%
17.6%zł792.20zł415.37n/a21
Aug ’25zł424.00
zł586.01
+38.2%
17.2%zł795.86zł430.19n/a21
Jul ’25zł454.10
zł612.82
+35.0%
16.5%zł800.13zł432.50n/a21
Jun ’25zł492.70
zł602.63
+22.3%
16.7%zł786.57zł425.17n/a21
May ’25zł505.00
zł617.06
+22.2%
15.8%zł800.29zł432.59n/a21
Apr ’25zł531.00
zł613.79
+15.6%
16.0%zł794.73zł429.58n/a21
Mar ’25zł534.00
zł609.95
+14.2%
15.6%zł800.42zł432.66n/a22
Feb ’25zł521.10
zł607.61
+16.6%
15.8%zł809.38zł437.50n/a21
Jan ’25zł481.40
zł603.70
+25.4%
15.9%zł816.53zł429.75n/a20
Dec ’24zł455.00
zł601.16
+32.1%
17.2%zł825.44zł434.44zł350.3020
Nov ’24zł450.00
zł631.93
+40.4%
17.1%zł846.89zł445.73zł387.7020
Oct ’24zł502.70
zł728.87
+45.0%
31.3%zł1,583.80zł460.41zł414.0021
Sep ’24zł488.10
zł710.47
+45.6%
30.9%zł1,536.42zł446.63zł410.1021
Aug ’24zł536.00
zł713.45
+33.1%
28.9%zł1,514.75zł506.38zł424.0021
Jul ’24zł545.80
zł736.89
+35.0%
27.3%zł1,494.32zł511.45zł454.1021
Jun ’24zł540.00
zł760.16
+40.8%
28.1%zł1,517.96zł519.54zł492.7021
May ’24zł560.00
zł787.19
+40.6%
28.2%zł1,540.01zł527.09zł505.0022
Apr ’24zł584.00
zł803.44
+37.6%
29.2%zł1,574.61zł523.46zł531.0023
Mar ’24zł616.40
zł826.17
+34.0%
26.9%zł1,403.55zł531.45zł534.0022
Feb ’24zł600.00
zł817.09
+36.2%
26.8%zł1,387.40zł525.33zł521.1022
Jan ’24zł552.10
zł847.76
+53.6%
27.6%zł1,374.70zł520.52zł481.4022
Analyst Price Target
Consensus Narrative from 21 Analysts
zł493.87
Fair Value
22.0% undervalued intrinsic discount
21
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/09 14:33
End of Day Share Price 2025/01/07 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Volkswagen AG is covered by 64 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hans-Peter WodniokAlphaValue
Klaus BreitenbachBaader Helvea Equity Research
Óscar Rodriguez RoucoBanco de Sabadell. S.A.