BAYERISCHE MOTOREN WERKE AG (BMW.DE)
DE0005190003 - Common Stock
Taking everything into account, BMW scores 4 out of 10 in our fundamental rating. BMW was compared to 32 industry peers in the Automobiles industry. BMW has a medium profitability rating, but doesn't score so well on its financial health evaluation. BMW has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
BMW had positive earnings in the past year.
In the past year BMW had a positive cash flow from operations.
In the past 5 years BMW has always been profitable.
Each year in the past 5 years BMW had a positive operating cash flow.
1.2 Ratios
BMW's Return On Assets of 4.04% is in line compared to the rest of the industry. BMW outperforms 43.33% of its industry peers.
Looking at the Return On Equity, with a value of 11.52%, BMW is doing worse than 60.00% of the companies in the same industry.
BMW's Return On Invested Capital of 7.37% is in line compared to the rest of the industry. BMW outperforms 53.33% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BMW is below the industry average of 9.51%.
The 3 year average ROIC (7.08%) for BMW is below the current ROIC(7.37%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.04% | ||
| ROE | 11.52% | ||
| ROIC | 7.37% |
ROA(3y)5.72%
ROA(5y)4.21%
ROE(3y)16.61%
ROE(5y)12.87%
ROIC(3y)7.08%
ROIC(5y)5.52%
1.3 Margins
BMW has a Profit Margin (6.75%) which is in line with its industry peers.
BMW's Profit Margin has been stable in the last couple of years.
BMW has a Operating Margin of 10.77%. This is in the better half of the industry: BMW outperforms 63.33% of its industry peers.
In the last couple of years the Operating Margin of BMW has grown nicely.
BMW's Gross Margin of 18.07% is on the low side compared to the rest of the industry. BMW is outperformed by 73.33% of its industry peers.
In the last couple of years the Gross Margin of BMW has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.77% | ||
| PM (TTM) | 6.75% | ||
| GM | 18.07% |
OM growth 3Y34.07%
OM growth 5Y4.93%
PM growth 3Y23.94%
PM growth 5Y0.17%
GM growth 3Y11.64%
GM growth 5Y-0.11%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BMW is still creating some value.
Compared to 1 year ago, BMW has less shares outstanding
BMW has less shares outstanding than it did 5 years ago.
BMW has about the same debt/assets ratio as last year.
2.2 Solvency
BMW has an Altman-Z score of 1.49. This is a bad value and indicates that BMW is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.49, BMW perfoms like the industry average, outperforming 46.67% of the companies in the same industry.
The Debt to FCF ratio of BMW is 1482.03, which is on the high side as it means it would take BMW, 1482.03 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 1482.03, BMW is not doing good in the industry: 76.67% of the companies in the same industry are doing better.
BMW has a Debt/Equity ratio of 0.63. This is a neutral value indicating BMW is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.63, BMW perfoms like the industry average, outperforming 56.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 1482.03 | ||
| Altman-Z | 1.49 |
ROIC/WACC1.76
WACC4.19%
2.3 Liquidity
BMW has a Current Ratio of 1.10. This is a normal value and indicates that BMW is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.10, BMW is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
BMW has a Quick Ratio of 1.10. This is a bad value and indicates that BMW is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.80, BMW is not doing good in the industry: 76.67% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.1 | ||
| Quick Ratio | 0.8 |
3. Growth
3.1 Past
The earnings per share for BMW have decreased by -4.83% in the last year.
BMW shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.53% yearly.
Looking at the last year, BMW shows a small growth in Revenue. The Revenue has grown by 2.79% in the last year.
Measured over the past years, BMW shows a quite strong growth in Revenue. The Revenue has been growing by 9.93% on average per year.
EPS 1Y (TTM)-4.83%
EPS 3Y45.56%
EPS 5Y10.53%
EPS Q2Q%-5.47%
Revenue 1Y (TTM)2.79%
Revenue growth 3Y16.25%
Revenue growth 5Y9.93%
Sales Q2Q%-0.74%
3.2 Future
The Earnings Per Share is expected to grow by 0.63% on average over the next years.
Based on estimates for the next years, BMW will show a small growth in Revenue. The Revenue will grow by 3.64% on average per year.
EPS Next Y-6.1%
EPS Next 2Y-3.49%
EPS Next 3Y-1.5%
EPS Next 5Y0.63%
Revenue Next Year1.65%
Revenue Next 2Y1.96%
Revenue Next 3Y2.32%
Revenue Next 5Y3.64%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 4.47, the valuation of BMW can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of BMW indicates a rather cheap valuation: BMW is cheaper than 83.33% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 30.57. BMW is valued rather cheaply when compared to this.
BMW is valuated cheaply with a Price/Forward Earnings ratio of 4.49.
63.33% of the companies in the same industry are more expensive than BMW, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.04. BMW is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.47 | ||
| Fwd PE | 4.49 |
4.2 Price Multiples
BMW's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, BMW is valued a bit more expensive than 73.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 609.54 | ||
| EV/EBITDA | 4.68 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.42
EPS Next 2Y-3.49%
EPS Next 3Y-1.5%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.41%, BMW is a good candidate for dividend investing.
BMW's Dividend Yield is a higher than the industry average which is at 6.66.
BMW's Dividend Yield is rather good when compared to the S&P500 average which is at 2.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.41% |
5.2 History
On average, the dividend of BMW grows each year by 22.01%, which is quite nice.
Dividend Growth(5Y)22.01%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
66.05% of the earnings are spent on dividend by BMW. This is not a sustainable payout ratio.
BMW's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP66.05%
EPS Next 2Y-3.49%
EPS Next 3Y-1.5%
BAYERISCHE MOTOREN WERKE AG
FRA:BMW (9/18/2024, 12:21:05 PM)
73.95
+1.03 (+1.41%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
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Market Cap42.06B
Analysts
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Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.41% |
Dividend Growth(5Y)
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Surprises & Revisions
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.47 | ||
| Fwd PE | 4.49 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
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EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.42
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.04% | ||
| ROE | 11.52% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 10.77% | ||
| PM (TTM) | 6.75% | ||
| GM | 18.07% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
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ROCE(5y)
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ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.6
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.1 | ||
| Quick Ratio | 0.8 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-4.83%
EPS 3Y45.56%
EPS 5Y
EPS Q2Q%
EPS Next Y-6.1%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)2.79%
Revenue growth 3Y16.25%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
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