Bayerische Motoren Werke AG

BMW's capital structure is characterized by a debt-to-equity ratio of 1.03, indicating a balanced mix of debt and equity financing. The company's liquidity position is moderate, with a current ratio of 1.13 and cash and equivalents of EUR 16.77 billion, which is insufficient to cover its long-term debt of EUR 95.14 billion. This suggests a potential liquidity risk, as the company's net cash position is negative after subtracting total debt.

In terms of profitability, BMW's return on equity (ROE) of 3.03% and return on assets (ROA) of 1.1% are below the industry median for Auto & Truck Manufacturers, indicating underperformance relative to its peers. The company's operating margin of 11.07% (calculated from operating income of EUR 4.05 billion and revenue of EUR 36.61 billion) is also below the industry average, suggesting inefficiencies in cost management or pricing power.

Geographically, BMW's revenue is concentrated in Europe, North America, and Asia, with no specific segment breakdown provided in the input data. However, the company's exposure to these regions may pose risks due to economic volatility and regulatory changes. The lack of detailed segment data limits the ability to assess geographic diversification and potential concentration risks.

The company's growth trajectory is mixed, with a current FY outlook showing a revenue of EUR 36.61 billion. While the input data does not provide specific growth rates, the analyst price targets suggest a potential upside, with a mean target of EUR 89.71 and a median target of EUR 90.00. However, the company's free cash flow of EUR 2.73 billion and capital expenditure of EUR 2.41 billion indicate a need for continued investment to sustain growth.

Risk factors for BMW include liquidity constraints and the potential for dilution, although the latter is currently assessed as low. The company's net cash position is negative, which could necessitate additional financing or asset sales to meet obligations. No recent events or filings are provided in the input data to indicate immediate operational or strategic changes.

Recent analyst estimates suggest a generally positive outlook, with a mean recommendation of 2.67 (on a scale from 1 to 5) and a median price target of EUR 90.00. The strong-buy count of 5 and buy count of 6 indicate a favorable sentiment among analysts, although the hold count of 10 suggests some caution.

Analysts project 333.8% upside to a mean price target of EUR 89.71, suggesting significant undervaluation relative to current market price.

Free cash flow surged 401.2% year-over-year to EUR 2.0 billion, indicating a strong recovery in cash generation capabilities.

Cash conversion ratio of 0.98 outperforms the cohort median of 0.62, reflecting efficient translation of earnings into cash.

Net income CAGR of -12.4% over four years reveals a long-term trend of declining profitability for shareholders.

Debt-to-equity ratio of 1.03 places BMW in the bottom quartile of its cohort, indicating excessive leverage compared to peers.

High credit risk flags suggest potential difficulties in meeting financial obligations, exacerbated by rising long-term debt levels.

Revenue €33.45B, −8,1% YoY; Operating income +12,8% YoY.

• ▍Revenue €33.45B, −8,1% YoY
• ▍Operating income +12,8% YoY
• ▍Net income +18,3% YoY
• ▍Free cash flow +1 325,0% YoY
• ▍Net margin 5.3%

Revenue €32.31B, −0,3% YoY; Operating income +33,3% YoY.

• ▍Revenue €32.31B, −0,3% YoY
• ▍Operating income +33,3% YoY
• ▍Net income +330,3% YoY
• ▍Free cash flow +271,1% YoY
• ▍Net margin 5.2%

Revenue €33.93B, −8,2% YoY; Operating income −31,4% YoY.

• ▍Revenue €33.93B, −8,2% YoY
• ▍Operating income −31,4% YoY
• ▍Net income −33,0% YoY
• ▍Free cash flow −26,6% YoY
• ▍Net margin 5.2%

Revenue €33.76B, −7,8% YoY; Operating income −22,5% YoY.

• ▍Revenue €33.76B, −7,8% YoY
• ▍Operating income −22,5% YoY
• ▍Net income −24,9% YoY
• ▍Free cash flow −46,4% YoY
• ▍Net margin 6.2%

Revenue €36.42B; Operating income €1.88B.

• ▍Revenue €36.42B
• ▍Operating income €1.88B
• ▍Net margin 4.1%

Revenue €32.41B; Operating income €1.70B.

• ▍Revenue €32.41B
• ▍Operating income €1.70B
• ▍Net margin 1.2%

Revenue €36.94B; Operating income €3.88B.

• ▍Revenue €36.94B
• ▍Operating income €3.88B
• ▍Net margin 7.1%

Revenue €36.61B; Operating income €4.05B.

• ▍Revenue €36.61B
• ▍Operating income €4.05B
• ▍Net margin 7.6%

Revenue €133.45B, −6,3% YoY; Operating income −11,5% YoY.

• ▍Revenue €133.45B, −6,3% YoY
• ▍Operating income −11,5% YoY
• ▍Net income +0,1% YoY
• ▍Free cash flow +401,2% YoY
• ▍Net margin 5.5%

Revenue €142.38B, −8,4% YoY; Operating income −37,7% YoY.

• ▍Revenue €142.38B, −8,4% YoY
• ▍Operating income −37,7% YoY
• ▍Net income −35,4% YoY
• ▍Free cash flow −120,1% YoY
• ▍Net margin 5.1%

Revenue €155.50B, +9,0% YoY; Operating income −14,6% YoY.

• ▍Revenue €155.50B, +9,0% YoY
• ▍Operating income −14,6% YoY
• ▍Net income −37,1% YoY
• ▍Free cash flow −73,9% YoY
• ▍Net margin 7.3%

Revenue €142.61B, +28,2% YoY; Operating income +61,5% YoY.

• ▍Revenue €142.61B, +28,2% YoY
• ▍Operating income +61,5% YoY
• ▍Net income +44,9% YoY
• ▍Free cash flow +15,9% YoY
• ▍Net margin 12.6%