Volkswagen AG

€69.84As of Sun 8 Nov 2026, 12:00 UTC

XETRA:VOW3Consumer Disc

Country Germany

PE (Fwd) •••

TSR 10Y CAGR 0.27%

Div yield 7.53%

ROE 0.40%

Auto Manufacturers

Beta (5Y) 0.96

PE TTM 32.54

TSR TTM (17.44%)

Mkt cap €34.91B

ROIC 0.79%

SE Grade™

Value

Quality

Moat

Consensus

Reference

€84

20.44%

8.67%

Hold 0|2|8|3|7

TTM

FYE 31 Dec EUR

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

5.505

Revenue€B

6.418

6.606

6.841

6.991

7.254

7.578

7.670

7.895

8.294

8.688

5.773

3.67%

3.50%

21.48

Revenue growth%

9.59

9.79

11.60

8.86

7.91

5.00

4.92

2.18

1.30

2.10

16.91

2.18

6.45

4.99

Gross margin%

4.76

6.34

9.07

8.40

6.55

8.74

11.50

9.19

7.53

6.72

22.07

8.74

7.96

4.59

Operating margin%

18.89

16.35

17.50

14.53

13.57

12.49

14.61

16.21

16.53

16.62

29.22

16.21

16.28

18.20

Net margin%

18.76

21.58

20.30

21.91

21.61

19.69

17.91

19.02

20.62

21.29

18.10

19.69

20.46

25.97

P/E ratio (avg)x

27.31

27.99

28.38

28.79

33.20

32.55

34.00

34.26

35.38

36.04

25.65

34.26

32.87

20.46

EV/EBITx

13.40

14.10

15.98

16.15

16.11

16.04

14.74

15.92

18.18

18.76

32.03

16.04

16.01

12.69

FCF yield (avg)%

16.64

17.65

15.18

14.99

15.34

17.03

18.27

19.11

20.23

18.00

17.33

18.27

17.34

14.63

FCF margin%

29.12

31.36

28.58

30.56

30.31

33.29

32.87

30.89

31.23

33.27

23.87

32.87

31.06

1.600

FCF / Net incomex

2.664

2.933

3.134

3.525

3.549

3.627

3.378

3.746

3.776

3.951

1.467

3.746

3.537

13.47

ROIC%

20.27

18.69

21.23

19.13

21.16

18.98

17.17

16.37

17.36

15.65

19.32

17.17

18.84

29.28

Return on equity%

4.63

6.89

9.52

9.67

7.25

6.03

6.60

5.43

4.96

7.19

9.67

6.03

6.74

14.03

Return on assets%

0.40

1.98

1.48

1.28

3.56

1.28

1.50

2.47

3.66

4.23

20.30

2.47

1.74

7.61

EPS€

4.01

4.32

4.30

3.79

3.98

3.41

3.16

3.00

3.05

2.89

7.76

(6.20%)

(3.20%)

—

29.12

EPS growth%

14.00

14.59

12.90

10.15

10.97

11.26

9.83

8.80

11.77

9.77

17.60

9.83

11.12

6.40

Bookvalue per sh€

4.64

5.43

5.53

6.49

6.50

6.62

7.43

8.42

9.06

9.64

5.28

8.18%

7.88%

—

4.40

FCF per share€

6.66

6.52

7.42

8.29

8.36

8.67

9.73

9.54

11.10

11.95

2.08

7.42%

6.85%

—

6.11

Dividend per sh€

5.64

5.83

6.57

7.21

7.27

8.06

7.79

8.60

9.29

9.08

5.01

4.54%

4.40%

—

4.23

Div yield (avg)%

14.15

15.57

14.12

12.17

9.63

8.51

7.46

7.33

6.61

4.26

29.18

7.33

9.07

4.24

Payout ratio%

26.76

24.02

24.70

23.29

20.96

22.38

21.83

21.88

21.87

24.64

6.44

21.88

22.83

487.6

Shares (diluted)M

459.3

434.5

418.9

443.0

427.9

474.7

474.4

447.2

466.1

513.5

491.5

3.71%

0.65%

29.63

Buyback yield%

18.43

21.22

21.08

21.11

20.97

22.59

21.01

21.88

20.63

20.87

25.36

21.01

21.05

1.507

D/E ratiox

2.213

2.591

2.954

3.528

4.011

4.607

4.933

4.835

5.825

5.979

0.868

4.933

4.309

8.004

Enterprise value€B

8.537

9.496

10.87

12.33

13.77

14.61

15.19

14.56

16.54

19.51

3.950

7.21%

10.46%

5.684

LT debt€B

9.152

9.701

10.54

11.60

11.38

10.80

10.67

10.48

10.15

9.934

0.999

(2.68%)

1.03%

Peers (US$39.20B)

Cap (US$)

Dr. Ing. h.c. F.…

48.14B

19.61x

Mercedes-Benz Group AG

42.81B

7.292x

Bayerische Motoren…

39.40B

5.762x

Mahindra & Mahindra…

42.04B

19.03x

Capital

TTM

10Y

Leveragex

0.544

(5.291)

(4.509)

EBIT/Intx

7.855

0.336

0.335

Own earn%

(24.83)

184.87

167.64

Sh yield%

33.86

28.47

30.85

Owners

Insiders/Inst%

7.72

73.55

Short interest%

4.85

SBC / revenue%

3.54

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

12–19

$1 testx

—

Incr. ROIC%

Volkswagen AG manufactures automobiles and commercial vehicles in Europe, Germany, North America, South America, the Asia-Pacific, and internationally. It operates through three segments: Passenger Cars and Light Commercial Vehicles; Commercial Vehicles; and Financial Services.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

€8.688B

3.50%

1.00×

Cost of revenue

€5.496B

3.36%

0.99×

Operating expenses

€1.413B

4.14%

1.06×