Volkswagen AG

OTCPK-VWAG.Y

Basic

Market Cap
$70.87B
EV
$281.06B
Shares Out
501.3M
Revenue
€321.66B
Employees
656,134

Margins

Gross
17.78%
EBITDA
9.9%
Operating
7.31%
Pre-Tax
6.82%
Net
4.88%
FCF
0.06%

Returns (5Yr Avg)

ROA
2.64%
ROTA
19.53%
ROE
9.55%
ROCE
5.58%
ROIC
3.11%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
$27.22
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
€49.52B
Net Debt
€197.11B
Debt/Equity
1.27
EBIT/Interest
6.54

Growth (CAGR)

Rev 3Yr
11.8%
Rev 5Yr
6.24%
Rev 10Yr
4.96%
Dil EPS 3Yr
10.49%
Dil EPS 5Yr
5.52%
Dil EPS 10Yr
4.53%
Rev Fwd 2Yr
2.29%
EBITDA Fwd 2Yr
6.62%
EPS Fwd 2Yr
33.82%
EPS LT Growth Est
0.47%

Dividends

Yield
—
Payout
30.14%
DPS
€9.06
DPS Growth 3Yr
23.07%
DPS Growth 5Yr
13.27%
DPS Growth 10Yr
8.36%
DPS Growth Fwd 2Yr
5.99%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Operating Revenues						212,472	182,106	206,237	235,383	272,286	269,549
Finance Div. Revenues						40,160	40,778	43,963	43,667	49,998	52,108
Total Revenues						252,632	222,884	250,200	279,050	322,284	321,657
Total Revenues % Chg.						7.1%	-11.8%	12.3%	11.5%	15.5%	9.9%
Cost of Goods Sold, Total						169,946	149,327	166,840	185,406	205,693	204,419
Finance Div. Operating Exp.						33,749	34,459	36,857	40,806	49,960	52,090
Interest Expense - Finance Division						2,705	2,303	1,984	3,323	7,968	7,968
Gross Profit						46,232	36,795	44,519	49,515	58,663	57,180
Selling General & Admin Expenses, Total						27,234	24,414	25,998	27,867	30,315	30,709
Other Operating Expenses						-132	578	-796	-1,420	3,726	2,963
Other Operating Expenses, Total						27,102	24,992	25,202	26,447	34,041	33,672
Operating Income						19,130	11,803	19,317	23,068	24,622	23,508
Interest Expense, Total						-2,524	-2,291	-1,818	-408	-3,592	-3,592
Interest And Investment Income						910	793	810	1,325	2,658	2,821
Net Interest Expenses						-1,614	-1,498	-1,008	917	-934	-771
Income (Loss) On Equity Invest.						3,278	2,696	2,232	2,287	2,236	1,916
Currency Exchange Gains (Loss)						-81	-907	526	120	-507	-507
Other Non Operating Income (Expenses)						-67	1,829	-556	-488	-836	-836
EBT, Excl. Unusual Items						20,646	13,923	20,511	25,904	24,581	23,310
Restructuring Charges	—			—	—	—	—	—	—	—	—
Merger & Related Restructuring Charges	—	—	—	—	—	—	—	-34	—	—	—
Impairment of Goodwill	—	—	—	—	—	-15	-37	-39	-30	-6	-6
Gain (Loss) On Sale Of Investments						-169	-572	269	-3,115	229	229
Gain (Loss) On Sale Of Assets						-61	-142	-218	-220	-706	-706
Asset Writedown						309	-914	-30	-190	-843	-843
Legal Settlements	—					-2,600	-1,000	—	—	—	—
Other Unusual Items			—			246	409	-333	-280	-62	-62
EBT, Incl. Unusual Items						18,356	11,667	20,126	22,069	23,193	21,922
Income Tax Expense						4,327	2,843	4,698	6,217	5,265	5,013
Earnings From Continuing Operations						14,029	8,824	15,428	15,852	17,928	16,909
Minority Interest						-143	43	-46	-395	-1,329	-1,228
Net Income						13,886	8,867	15,382	15,457	16,599	15,681
Preferred Dividend and Other Adjustments						540	533	539	576	586	611
Net Income to Common Incl Extra Items						13,346	8,334	14,843	14,881	16,013	15,070
Net Income to Common Excl. Extra Items						13,346	8,334	14,843	14,881	16,013	15,070
Total Shares Outstanding						501.3	501.3	501.3	501.3	501.3	501.3
Weighted Avg. Shares Outstanding						501.3	501.3	501.3	501.3	501.3	501.3
Weighted Avg. Shares Outstanding Dil						501.3	501.3	501.3	501.3	501.3	501.3
EPS						26.6	16.6	29.6	29.7	31.9	30.1
EPS Diluted						26.6	16.6	29.6	29.7	31.9	30.1
EBITDA						30,442	23,296	30,901	34,790	34,786	31,845
Effective Tax Rate						23.6%	24.4%	23.3%	28.2%	22.7%	22.9%