Siemens Aktiengesellschaft

WSE:SIE Stock Report

Market Cap: zł632.9b

Siemens Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 SIE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SIE (PLN807.2) is trading below our estimate of fair value (PLN1333.21)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SIE. This is calculated by dividing SIE's market cap by their current earnings.
What is SIE's PE Ratio?
PE Ratio18x
Earnings€8.22b
Market Cap€147.97b

Price to Earnings Ratio vs Peers

How does SIE's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.8x
HON Honeywell International
25.9x10.4%US$149.2b
6501 Hitachi
26.8x11.3%JP¥18.1t
MMM 3M
13.2x-1.8%US$70.9b
IHC International Holding Company PJSC
33.1xn/aد.إ890.6b
SIE Siemens
18x6.1%zł148.0b

Price-To-Earnings vs Peers: SIE is good value based on its Price-To-Earnings Ratio (18x) compared to the peer average (24.8x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SIE 18.0xIndustry Avg. 16.3xNo. of Companies4PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SIE is expensive based on its Price-To-Earnings Ratio (18x) compared to the European Industrials industry average (16.3x).

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 Ratio18x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SIE'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 SIE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł807.20
zł890.15
+10.3%
9.9%zł983.76zł556.04n/a23
Dec ’25n/a
zł875.32
0%
12.5%zł987.95zł536.93n/a21
Nov ’25n/a
zł854.55
0%
12.6%zł987.59zł536.73n/a20
Oct ’25zł785.00
zł840.21
+7.0%
12.4%zł965.08zł536.16n/a20
Sep ’25zł728.40
zł849.86
+16.7%
12.5%zł993.35zł539.87n/a19
Aug ’25n/a
zł860.71
0%
12.9%zł993.74zł540.08n/a19
Jul ’25zł761.00
zł860.71
+13.1%
12.9%zł993.74zł540.08n/a19
Jun ’25zł760.00
zł837.30
+10.2%
12.4%zł959.64zł533.14n/a19
May ’25n/a
zł839.07
0%
13.1%zł968.40zł533.70n/a20
Apr ’25n/a
zł830.40
0%
13.1%zł978.21zł534.35n/a20
Mar ’25zł780.00
zł824.98
+5.8%
12.8%zł990.47zł533.99n/a21
Feb ’25n/a
zł815.41
0%
13.2%zł1,011.67zł545.42n/a21
Jan ’25n/a
zł786.17
0%
13.0%zł993.25zł535.49n/a21
Dec ’24n/a
zł774.08
0%
12.1%zł937.42zł535.67n/a21
Nov ’24n/a
zł777.06
0%
12.9%zł989.52zł543.79n/a21
Oct ’24n/a
zł815.48
0%
12.7%zł1,043.70zł565.92zł785.0020
Sep ’24zł608.40
zł803.94
+32.1%
9.6%zł1,004.93zł656.55zł728.4019
Aug ’24zł700.00
zł806.47
+15.2%
13.0%zł1,092.03zł572.43n/a20
Jul ’24n/a
zł822.83
0%
13.1%zł1,100.06zł576.64zł761.0020
Jun ’24n/a
zł816.16
0%
13.5%zł1,109.27zł588.59zł760.0021
May ’24n/a
zł806.05
0%
12.1%zł1,019.78zł589.41n/a21
Apr ’24zł701.00
zł799.60
+14.1%
12.2%zł1,021.79zł590.57n/a21
Mar ’24zł686.60
zł788.43
+14.8%
11.1%zł950.31zł598.70zł780.0021
Feb ’24n/a
zł736.03
0%
11.3%zł894.67zł565.05n/a21
Jan ’24n/a
zł708.78
0%
15.8%zł891.13zł440.87n/a21
Dec ’23zł620.00
zł708.32
+14.2%
15.5%zł888.18zł439.41n/a22

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 04:58
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

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

Siemens Aktiengesellschaft is covered by 58 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Guenther HollfelderBaader Helvea Equity Research
null nullBanco de Sabadell. S.A.
Lourdes DominguezBanco Santander