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Bayerische Motoren Werke

BATS-CHIXE:BMW3D
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BMW3D
BATS-CHIXE
€29B
Market Cap
  1. Home
  2. GB
  3. Automobiles
Company description

Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles and motorcycles, and spare parts and accessories worldwide. The last earnings update was 16 days ago. More info.


Add to Portfolio Compare Print
  • Bayerische Motoren Werke has significant price volatility in the past 3 months.
BMW3D Share Price and Events
7 Day Returns
4.4%
BATS-CHIXE:BMW3D
-9.4%
Europe Auto
-5.4%
GB Market
1 Year Returns
-39.2%
BATS-CHIXE:BMW3D
-38.3%
Europe Auto
-25.2%
GB Market
BMW3D Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bayerische Motoren Werke (BMW3D) 4.4% -18.4% -30.7% -39.2% -46.4% -56%
Europe Auto -9.4% -28.1% -38.9% -38.3% -35.9% -55.8%
GB Market -5.4% -20.6% -29.1% -25.2% -25.9% -25.1%
1 Year Return vs Industry and Market
  • BMW3D matched the Auto industry (-38.3%) over the past year.
  • BMW3D underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -25.2% over the past year.
Price Volatility
BMW3D
Industry
5yr Volatility vs Market
Related Companies

BMW3D Value

 Is Bayerische Motoren Werke undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bayerische Motoren Werke to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bayerische Motoren Werke.

BATS-CHIXE:BMW3D Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in EUR € 2.5066628301887
Payout Ratio Company Filings (2019-12-31) 3090.5%
Discount Rate (Cost of Equity) See below 5.1%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:BMW3D
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Auto Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.557 (1 + (1- 30%) (394.47%))
0.848
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.848 * 5.44%)
5.14%

Discounted Cash Flow Calculation for BATS-CHIXE:BMW3D using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Bayerische Motoren Werke is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BATS-CHIXE:BMW3D Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €2.51 / (5.14% - 0.53%)
€40.28
BATS-CHIXE:BMW3D Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:BMW3D represents 0.86079x of XTRA:BMW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.86079x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 54.36 x 0.86079
€46.79
Value per share (EUR) From above. €46.79
Current discount Discount to share price of €38.52
= -1 x (€38.52 - €46.79) / €46.79
17.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bayerische Motoren Werke is available for.
Intrinsic value
18%
Share price is €38.52 vs Future cash flow value of €46.79
Current Discount Checks
For Bayerische Motoren Werke to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bayerische Motoren Werke's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Bayerische Motoren Werke's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bayerische Motoren Werke's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bayerische Motoren Werke's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:BMW3D PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €7.40
XTRA:BMW Share Price ** XTRA (2020-04-02) in EUR €44.75
Europe Auto Industry PE Ratio Median Figure of 14 Publicly-Listed Auto Companies 8.29x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.44x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bayerische Motoren Werke.

BATS-CHIXE:BMW3D PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:BMW Share Price ÷ EPS (both in EUR)

= 44.75 ÷ 7.40

6.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bayerische Motoren Werke is good value based on earnings compared to the Europe Auto industry average.
  • Bayerische Motoren Werke is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Bayerische Motoren Werke's expected growth come at a high price?
Raw Data
BATS-CHIXE:BMW3D PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts
4.3%per year
Europe Auto Industry PEG Ratio Median Figure of 9 Publicly-Listed Auto Companies 0.71x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:BMW3D PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.05x ÷ 4.3%

1.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bayerische Motoren Werke is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bayerische Motoren Werke's assets?
Raw Data
BATS-CHIXE:BMW3D PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €90.14
XTRA:BMW Share Price * XTRA (2020-04-02) in EUR €44.75
Europe Auto Industry PB Ratio Median Figure of 23 Publicly-Listed Auto Companies 0.62x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.07x
BATS-CHIXE:BMW3D PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:BMW Share Price ÷ Book Value per Share (both in EUR)

= 44.75 ÷ 90.14

0.5x

* Primary Listing of Bayerische Motoren Werke.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bayerische Motoren Werke is good value based on assets compared to the Europe Auto industry average.
X
Value checks
We assess Bayerische Motoren Werke's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto industry average (and greater than 0)? (1 check)
  5. Bayerische Motoren Werke has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BMW3D Future Performance

 How is Bayerische Motoren Werke expected to perform in the next 1 to 3 years based on estimates from 20 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bayerische Motoren Werke expected to grow at an attractive rate?
  • Bayerische Motoren Werke's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Bayerische Motoren Werke's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Bayerische Motoren Werke's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:BMW3D Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:BMW3D Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts 4.3%
BATS-CHIXE:BMW3D Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 20 Analysts -0.2%
Europe Auto Industry Earnings Growth Rate Market Cap Weighted Average 12%
Europe Auto Industry Revenue Growth Rate Market Cap Weighted Average 0.4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.3%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:BMW3D Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:BMW3D Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 102,227 8,847 5,190 13
2021-12-31 99,976 8,928 4,967 20
2020-12-31 92,042 6,968 2,865 18
2020-04-03
BATS-CHIXE:BMW3D Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 104,210 3,662 4,871
2019-09-30 99,951 3,103 4,949
2019-06-30 97,999 3,676 4,801
2019-03-31 97,277 5,735 5,405
2019-01-01 96,855 5,051 7,007
2018-09-30 97,331 5,794 8,004
2018-06-30 96,249 6,663 8,448
2018-03-31 97,021 6,070 8,587
2018-01-01 98,282 5,909 8,589
2017-09-30 98,269 6,036 7,763
2017-06-30 97,998 3,879 7,752
2017-03-31 97,247 3,587 7,496

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bayerische Motoren Werke's earnings are expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
  • Bayerische Motoren Werke's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:BMW3D Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below

All data from Bayerische Motoren Werke Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:BMW3D Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 7.75 10.30 3.30 10.00
2021-12-31 7.76 10.61 4.88 19.00
2020-12-31 4.44 6.89 2.53 15.00
2020-04-03
BATS-CHIXE:BMW3D Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 7.40
2019-09-30
2019-06-30 7.29
2019-03-31
2019-01-01 10.66
2018-09-30 12.17
2018-06-30 12.85
2018-03-31 13.07
2018-01-01 13.07
2017-09-30 11.82
2017-06-30 11.80
2017-03-31 11.41

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bayerische Motoren Werke is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bayerische Motoren Werke's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bayerische Motoren Werke has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BMW3D Past Performance

  How has Bayerische Motoren Werke performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bayerische Motoren Werke's growth in the last year to its industry (Auto).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bayerische Motoren Werke's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Bayerische Motoren Werke's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bayerische Motoren Werke's 1-year earnings growth is negative, it can't be compared to the Europe Auto industry average.
Earnings and Revenue History
Bayerische Motoren Werke's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bayerische Motoren Werke Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:BMW3D Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 104,210.00 4,871.00 8,067.00
2019-09-30 99,951.00 4,949.00 8,152.00
2019-06-30 97,999.00 4,801.00 8,190.00
2019-03-31 97,277.00 5,405.00 8,225.00
2019-01-01 96,855.00 7,007.00 8,268.00
2018-09-30 97,331.00 8,004.00 8,347.00
2018-06-30 96,249.00 8,448.00 8,268.00
2018-03-31 97,021.00 8,587.00 8,264.00
2018-01-01 98,282.00 8,589.00 8,271.00
2017-09-30 98,269.00 7,763.00 8,149.00
2017-06-30 97,998.00 7,752.00 8,144.00
2017-03-31 97,247.00 7,496.00 8,115.00
2016-12-31 94,174.00 6,863.00 7,942.00
2016-09-30 94,207.00 6,920.00 7,827.00
2016-06-30 93,190.00 6,686.00 7,756.00
2016-03-31 92,111.00 6,488.00 7,660.00
2015-12-31 92,175.00 6,369.00 7,592.00
2015-09-30 89,858.00 6,107.00 7,433.00
2015-06-30 87,113.00 5,838.00 7,283.00
2015-03-31 83,083.00 5,856.00 7,038.00
2014-12-31 80,401.00 5,798.00 6,945.00
2014-09-30 77,950.00 5,807.00 6,677.00
2014-06-30 77,101.00 5,825.00 6,603.00
2014-03-31 76,748.00 5,450.00 6,603.00
2013-12-31 76,059.00 5,303.00 6,431.00
2013-09-30 76,385.00 5,200.00 6,299.00
2013-06-30 76,451.00 5,159.00 6,231.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bayerische Motoren Werke has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bayerische Motoren Werke used its assets less efficiently than the Europe Auto industry average last year based on Return on Assets.
  • Bayerische Motoren Werke's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bayerische Motoren Werke's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bayerische Motoren Werke has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BMW3D Health

 How is Bayerische Motoren Werke's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bayerische Motoren Werke's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bayerische Motoren Werke is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bayerische Motoren Werke's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bayerische Motoren Werke's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bayerische Motoren Werke Company Filings, last reported 3 months ago.

BATS-CHIXE:BMW3D Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 59,907.00 111,749.00 9,961.00
2019-09-30 58,130.00 116,428.00 16,949.00
2019-06-30 56,968.00 108,742.00 14,625.00
2019-03-31 58,171.00 111,239.00 16,328.00
2019-01-01 57,797.00 104,224.00 8,994.00
2018-09-30 56,876.00 98,084.00 14,067.00
2018-06-30 55,769.00 97,633.00 13,770.00
2018-03-31 56,494.00 93,835.00 14,468.00
2018-01-01 54,208.00 93,448.00 15,132.00
2017-09-30 52,785.00 92,818.00 13,216.00
2017-06-30 50,470.00 95,051.00 12,744.00
2017-03-31 49,581.00 97,412.00 11,617.00
2016-12-31 47,363.00 94,274.00 11,899.00
2016-09-30 45,428.00 93,498.00 4,549.00
2016-06-30 43,887.00 94,103.00 12,933.00
2016-03-31 44,748.00 89,216.00 11,342.00
2015-12-31 42,764.00 87,012.00 11,398.00
2015-09-30 41,017.00 87,141.00 4,397.00
2015-06-30 38,548.00 88,872.00 11,231.00
2015-03-31 36,127.00 89,784.00 11,411.00
2014-12-31 37,437.00 77,432.00 11,289.00
2014-09-30 36,921.00 76,711.00 11,197.00
2014-06-30 36,354.00 73,367.00 11,594.00
2014-03-31 36,957.00 69,875.00 12,044.00
2013-12-31 35,600.00 69,153.00 12,351.00
2013-09-30 33,902.00 69,178.00 11,791.00
2013-06-30 32,331.00 70,082.00 11,392.00
  • Bayerische Motoren Werke's level of debt (186.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (207.3% vs 186.5% today).
  • Debt is not well covered by operating cash flow (3.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 31.6x coverage).
X
Financial health checks
We assess Bayerische Motoren Werke's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bayerische Motoren Werke has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BMW3D Dividends

 What is Bayerische Motoren Werke's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.59%
Current annual income from Bayerische Motoren Werke dividends. Estimated to be 5.6% next year.
If you bought €2,000 of Bayerische Motoren Werke shares you are expected to receive €112 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bayerische Motoren Werke's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.68%).
  • Bayerische Motoren Werke's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.57%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:BMW3D Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
Europe Auto Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 6.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 608 Stocks 5.7%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.4%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:BMW3D Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 2.87 12.00
2021-12-31 2.69 20.00
2020-12-31 2.12 21.00
2020-04-03
BATS-CHIXE:BMW3D Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-18 2.500 5.745
2019-03-20 3.500 5.291
2018-03-21 4.000 5.064
2018-03-08 4.000 4.690
2017-03-22 3.500 4.109
2017-03-21 3.500 4.225
2016-03-16 3.200 4.053
2015-03-18 2.900 3.189
2014-03-19 2.600 2.839
2013-03-19 2.500 3.280
2012-08-01 2.300 3.516
2012-03-08 2.300 3.666
2011-03-10 1.300 2.195
2010-03-17 0.300 0.655
2009-05-05 0.300 0.982

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Bayerische Motoren Werke's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Bayerische Motoren Werke's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bayerische Motoren Werke afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bayerische Motoren Werke has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BMW3D Management

 What is the CEO of Bayerische Motoren Werke's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Oliver Zipse
COMPENSATION €3,153,811
AGE 55
TENURE AS CEO 0.7 years
CEO Bio

Mr. Oliver Zipse serves as Chairman of the Management Board at Bayerische Motoren Werke AG since August 16, 2019 and has been its Member of Management Board since May 13, 2015. He serves as Chief Executive Officer at Bayerische Motoren Werke AG since August 16, 2019. He served as the Head of Production at Bayerische Motoren Werke Aktiengesellschaft since May 13, 2015 until August 15, 2019 and served as its Senior Vice President of Corporate Planning and Product Strategy. Mr. Zipse serves as the Chairman of BMW (South Africa) (Pty) Ltd. and BMW Motoren GmbH. He served as the Head of Brand and Product Strategies at Bayerische Motoren Werke Aktiengesellschaft. Mr. Zipse served as a Member of The Supervisory Board at Bayerische Motoren Werke Aktiengesellschaft since November 01, 2012.

CEO Compensation
  • Oliver's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Oliver's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Bayerische Motoren Werke management team in years:

1.9
Average Tenure
55
Average Age
  • The average tenure for the Bayerische Motoren Werke management team is less than 2 years, this suggests a new team.
Management Team

Oliver Zipse

TITLE
Chairman of the Board of Management & CEO
COMPENSATION
€3M
AGE
55
TENURE
0.7 yrs

Nicolas Peter

TITLE
CFO & Member of Management Board
COMPENSATION
€3M
AGE
57
TENURE
3.3 yrs

Klaus Fröhlich

TITLE
Head of Development & Member of the Board of Management
COMPENSATION
€3M
AGE
59
TENURE
5.3 yrs

Andreas Wendt

TITLE
Head of Purchasing & Supplier Network and Member of Management Board
COMPENSATION
€1M
AGE
61
TENURE
1.5 yrs

Pieter A. Nota

TITLE
Member of Management Board
COMPENSATION
€3M
AGE
55
TENURE
2.3 yrs

Milan Nedeljkovic

TITLE
Member of Board of Management
AGE
50
TENURE
0.5 yrs

Ilka Horstmeier

TITLE
Human Resources & Labour Relations Director & Member of Management Board
AGE
50
TENURE
1.3 yrs

Alexander Bilgeri

TITLE
Vice President of Product
TENURE
3.6 yrs

Torsten Schuessler

TITLE
Head of Investor Relations

Andreas Liepe

TITLE
General Counsel
Board of Directors Tenure

Average tenure and age of the Bayerische Motoren Werke board of directors in years:

12.3
Average Tenure
60
Average Age
  • The average tenure for the Bayerische Motoren Werke board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Norbert Reithofer

TITLE
Chairman of Supervisory Board
COMPENSATION
€640K
AGE
63
TENURE
4.9 yrs

Stefan Quandt

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€430K
AGE
53
TENURE
21.3 yrs

Manfred Schoch

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€430K
AGE
64

Stefan Schmid

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€428K
AGE
54
TENURE
12.3 yrs

Karl-Ludwig Kley

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€430K
AGE
68
TENURE
9.9 yrs

Thomas Wittig

TITLE
Head of Group Financial Services & Employee Representative Member of Supervisory Board
AGE
59
TENURE
0.9 yrs

Markus Flasch

TITLE
Chairman of the Board of Management of BMW M GmbH & Head of Development of BMW 8 series models
TENURE
1.5 yrs

Susanne Klatten

TITLE
Member of Supervisory Board
COMPENSATION
€218K
AGE
57
TENURE
23.3 yrs

Willibald Löw

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€220K
AGE
63
TENURE
21.3 yrs

Werner Zierer

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€220K
AGE
60
TENURE
19.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Bayerische Motoren Werke's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bayerische Motoren Werke has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BMW3D News

Simply Wall St News

BMW3D Company Info

Description

Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles and motorcycles, and spare parts and accessories worldwide. The company operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment develops, manufactures, assembles, and sells automobiles and off-road vehicles under the BMW, MINI, and Rolls-Royce brands; and spare parts and accessories, as well as offers mobility services. This segment sells its products through independent and authorized dealerships. The Motorcycles segment develops, manufactures, assembles, and sells motorcycles under the BMW Motorrad brand; and spare parts and accessories. The Financial Services segment is involved in automobile leasing, fleet and multi-brand business, retail and dealership financing, customer deposit business, and insurance activities. Bayerische Motoren Werke Aktiengesellschaft was founded in 1916 and is based in Munich, Germany.

Details
Name: Bayerische Motoren Werke Aktiengesellschaft
BMW3D
Exchange: BATS-CHIXE
Founded: 1916
€29,062,606,200
658,863,000
Website: http://www.bmwgroup.com/de.html
Address: Bayerische Motoren Werke Aktiengesellschaft
Petuelring 130,
Munich,
Bavaria, 80788,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA BMW Ordinary Shares XETRA Trading Platform DE EUR 02. Jan 1992
OTCPK BAMX.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB BMW Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0O0U Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
SWX BMW Ordinary Shares SIX Swiss Exchange CH CHF 02. Jan 1992
BIT BMW Ordinary Shares Borsa Italiana IT EUR 02. Jan 1992
WBAG BMW Ordinary Shares Wiener Boerse AG AT EUR 02. Jan 1992
BUSE BMW Ordinary Shares Budapest Stock Exchange HU HUF 02. Jan 1992
BMV BMWM5 N Ordinary Shares Bolsa Mexicana de Valores MX MXN 02. Jan 1992
BATS-CHIXE BMWD Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK BMWY.Y ADR EACH REPR 0.33333 SHS SPONSORED Pink Sheets LLC US USD 13. Oct 2008
XTRA BMW3 Preferred Stock XETRA Trading Platform DE EUR 02. Jan 1992
OTCPK BYMO.F Preferred Stock Pink Sheets LLC US USD 02. Jan 1992
DB BMW3 Preferred Stock Deutsche Boerse AG DE EUR 02. Jan 1992
DB BMWB ADR EACH REPR 0.33333 SHS SPONSORED Deutsche Boerse AG DE EUR 13. Oct 2008
LSE 0O0V Preferred Stock London Stock Exchange GB EUR 02. Jan 1992
SWX BMW3 Preferred Stock SIX Swiss Exchange CH CHF 02. Jan 1992
ETLX BMW3 Preferred Stock Eurotlx IT EUR 02. Jan 1992
BATS-CHIXE BMW3D Preferred Stock BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
133,778
Bayerische Motoren Werke employees.
Industry
Automobile Manufacturers
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 20:02
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/18
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.