Bayerische Motoren Werke AG (DE:BMW3)
XETRA:BMW3
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Bayerische Motoren Werke
(XETRA:BMW3)
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Rating:61Neutral
Price Target:
€66.00
▼(-21.24% Downside)
Action:Reiterated
Date:05/09/26
The score is held back primarily by weakening financial performance—especially sustained negative free cash flow and margin compression—despite improved leverage. Valuation is the main positive (low P/E and high dividend yield), while technicals are broadly neutral with mixed trend signals.
Positive Factors
Premium brand portfolio
BMW’s ownership of BMW, MINI and Rolls‑Royce anchors durable pricing power and customer loyalty in the premium segment. That brand strength supports higher option attach, premium mix and resilient demand versus mass-market peers, sustaining margins and aftermarket volume over months.
Negative Factors
Negative free cash flow
Persistent negative FCF (~-€4.2B TTM) and weak cash conversion limit internal funding for capex, electrification and shareholder returns. Continued FCF deficits force reliance on financing or asset sales and raise execution risk if margins or volumes fail to recover over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Premium brand portfolio
BMW’s ownership of BMW, MINI and Rolls‑Royce anchors durable pricing power and customer loyalty in the premium segment. That brand strength supports higher option attach, premium mix and resilient demand versus mass-market peers, sustaining margins and aftermarket volume over months.
Read all positive factors
Bayerische Motoren Werke (BMW3) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€40.29B
Dividend Yield4.72%
Average Volume (3M)82.59K
Price to Earnings (P/E)5.5
Beta (1Y)1.24
Revenue Growth-6.32%
EPS Growth6.34%
CountryDE
Employees159,104
SectorGeneral
Sector StrengthN/A
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)11.18
Shares Outstanding54,675,507
10 Day Avg. Volume107,100
30 Day Avg. Volume82,586
Financial Highlights & Ratios
PEG Ratio3.50
Price to Book (P/B)0.60
Price to Sales (P/S)0.43
P/FCF Ratio-19.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€70.00Price Target Upside-16.47% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)6.25
Revenue Forecast (FY)€131.63B
Bayerische Motoren Werke Business Overview & Revenue Model
Company Description
Bayerische Motoren Werke AG, a company established in Munich, Germany, in 1916, operates globally, focusing on the creation, production, and worldwide distribution of premium automobiles, motorcycles, and their related components and accessories. ...
How the Company Makes Money
BMW makes money mainly by selling and leasing premium vehicles and by earning interest and fee income from financing products. (1) Automotive: The largest share of revenue comes from sales of new vehicles (BMW, MINI, Rolls-Royce) to dealers/import...
Bayerische Motoren Werke Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
72
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 130.70B | 133.45B | 142.38B | 155.50B | 142.61B | 111.24B |
| Gross Profit | 19.66B | 27.44B | 30.54B | 37.23B | 31.19B | 28.29B |
| EBITDA | 18.91B | 19.20B | 19.85B | 26.25B | 32.29B | 22.77B |
| Net Income | 6.82B | 7.29B | 7.29B | 11.29B | 17.94B | 12.38B |
Balance Sheet | ||||||
| Total Assets | 270.62B | 278.35B | 267.73B | 250.89B | 246.93B | 229.53B |
| Cash, Cash Equivalents and Short-Term Investments | 19.01B | 21.31B | 21.85B | 17.33B | 22.03B | 21.81B |
| Total Debt | 112.18B | 106.30B | 85.50B | 71.55B | 71.56B | 83.73B |
| Total Liabilities | 171.07B | 180.45B | 172.73B | 157.97B | 155.64B | 154.40B |
| Stockholders Equity | 97.27B | 95.70B | 92.31B | 89.60B | 87.13B | 74.37B |
Cash Flow | ||||||
| Free Cash Flow | -4.23B | -2.98B | -4.64B | 6.47B | 14.47B | 9.28B |
| Operating Cash Flow | 5.61B | 7.98B | 7.57B | 17.36B | 23.52B | 15.90B |
| Investing Cash Flow | -9.38B | -9.95B | -11.37B | -9.55B | -4.77B | -6.39B |
| Financing Cash Flow | 3.13B | 1.62B | 5.77B | -6.67B | -17.98B | -6.74B |
Bayerische Motoren Werke Technical Analysis
Negative
83.80
Price Trends
74.21
Negative
76.80
Negative
77.13
Negative
Market Momentum
-2.53
Positive
23.68
Positive
31.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:BMW3, the sentiment is Negative. The current price of 83.8 is above the 20-day moving average (MA) of 71.23, above the 50-day MA of 74.21, and above the 200-day MA of 77.13, indicating a bearish trend. The MACD of -2.53 indicates Positive momentum. The RSI at 23.68 is Positive, neither overbought nor oversold. The STOCH value of 31.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:BMW3.
Bayerische Motoren Werke Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | €9.55B | 3.34 | 7.73% | 4.81% | -13.16% | ― | |
67 Neutral | €47.07B | 9.13 | 5.28% | 7.25% | -8.64% | -43.01% | |
61 Neutral | €40.29B | 5.52 | 7.21% | 4.72% | -6.32% | 6.34% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €7.98B | 83.32 | 3.07% | 1.17% | -2.77% | -69.52% | |
54 Neutral | €9.07B | 9.83 | 7.96% | 3.15% | 16.50% | 57.62% | |
52 Neutral | €45.13B | 6.56 | 3.77% | 6.13% | -2.06% | -33.95% |
* General Sector Average
DE:BMW3
Bayerische Motoren Werke
62.50
-0.97
-1.53%
DE:MBG
Mercedes-Benz Group
46.75
1.47
3.25%
DE:HLE
Hella KGaA Hueck & Co
71.10
-10.85
-13.24%
DE:PAH3
Porsche Automobil Holding
30.59
-2.43
-7.36%
DE:SHA0
Schaeffler
9.29
5.40
138.76%
DE:VOW3
Volkswagen
86.54
0.00
0.00%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.