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Siemens
(XETRA:SIE)
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Rating:75Outperform
Price Target:
€315.00
▲(15.70% Upside)
Action:Reiterated
Date:08/10/26
The score is driven primarily by strong financial performance (healthy operating margins and consistently strong free cash flow) and supported by constructive technical trends (price above key moving averages with positive MACD). These positives are tempered by a less attractive valuation (P/E ~27 with a modest ~1.9% dividend yield) and some margin pressure plus moderate debt coverage from operating cash flow.
Positive Factors
Cash generation
Sustained free cash flow near €10.1B with ~80% conversion underpins durable financial flexibility: funds capex, R&D, dividends, and M&A without relying on markets. Over 2–6 months this supports investment in digital/services and gradual balance-sheet improvement.
Negative Factors
Net margin pressure
Declining net margin signals pressure below operating profit—from financing, tax, or non‑operating items—and reduces retained earnings and distributable cash. Persisting margin erosion would weaken returns and constrain reinvestment or faster deleveraging over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sustained free cash flow near €10.1B with ~80% conversion underpins durable financial flexibility: funds capex, R&D, dividends, and M&A without relying on markets. Over 2–6 months this supports investment in digital/services and gradual balance-sheet improvement.
Read all positive factors
Siemens (SIE) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€211.11B
Dividend Yield1.91%
Average Volume (3M)917.46K
Price to Earnings (P/E)27.3
Beta (1Y)1.48
Revenue Growth3.60%
EPS Growth-18.55%
CountryDE
Employees317,000
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)10.26
Shares Outstanding782,000,000
10 Day Avg. Volume822,926
30 Day Avg. Volume917,464
Financial Highlights & Ratios
PEG Ratio1.15
Price to Book (P/B)2.89
Price to Sales (P/S)2.28
P/FCF Ratio19.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€298.43Price Target Upside9.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering17
EPS Forecast (FY)11.07
Revenue Forecast (FY)€82.98B
Siemens Business Overview & Revenue Model
Company Description
Siemens Aktiengesellschaft, established in Munich, Germany, in 1847, stands as a global technology powerhouse specializing in automation and digitalization. Its expansive reach covers Europe, the Americas, Asia, Australia, Africa, the Middle East,...
How the Company Makes Money
Siemens makes money mainly by selling industrial products, project-based systems, software, and long-term services across its operating businesses.
1) Digital Industries (automation + industrial software): Revenue is generated from the sale of fa...
Siemens Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
73
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 81.11B | 78.91B | 75.93B | 74.88B | 71.98B | 62.27B |
| Gross Profit | 31.93B | 30.40B | 29.82B | 29.12B | 25.85B | 22.74B |
| EBITDA | 16.00B | 15.86B | 15.34B | 15.11B | 13.48B | 11.64B |
| Net Income | 7.95B | 9.62B | 8.30B | 7.95B | 3.72B | 5.26B |
Balance Sheet | ||||||
| Total Assets | 167.54B | 166.20B | 147.81B | 145.07B | 151.50B | 139.61B |
| Cash, Cash Equivalents and Short-Term Investments | 10.93B | 15.52B | 10.22B | 11.13B | 11.70B | 10.68B |
| Total Debt | 49.92B | 56.01B | 47.92B | 46.60B | 50.64B | 48.70B |
| Total Liabilities | 92.39B | 97.83B | 91.58B | 92.01B | 96.70B | 90.33B |
| Stockholders Equity | 68.26B | 62.24B | 51.26B | 47.79B | 48.90B | 44.37B |
Cash Flow | ||||||
| Free Cash Flow | 10.12B | 9.08B | 9.58B | 10.09B | 8.16B | 8.27B |
| Operating Cash Flow | 12.61B | 11.52B | 11.66B | 12.24B | 10.24B | 10.00B |
| Investing Cash Flow | -7.27B | -11.31B | -3.28B | -3.18B | -2.49B | -15.49B |
| Financing Cash Flow | -9.13B | 5.37B | -8.88B | -8.73B | -7.50B | 785.00M |
Siemens Technical Analysis
Positive
272.25
Price Trends
273.08
Positive
259.20
Positive
247.74
Positive
Market Momentum
2.45
Negative
54.38
Neutral
48.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:SIE, the sentiment is Positive. The current price of 272.25 is below the 20-day moving average (MA) of 275.05, below the 50-day MA of 273.08, and above the 200-day MA of 247.74, indicating a bullish trend. The MACD of 2.45 indicates Negative momentum. The RSI at 54.38 is Neutral, neither overbought nor oversold. The STOCH value of 48.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:SIE.
Siemens Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | €211.11B | 27.31 | 12.22% | 1.97% | 3.60% | -18.55% | |
71 Outperform | €131.71B | 50.34 | 20.99% | 0.46% | 9.00% | 175.47% | |
68 Neutral | €9.12B | 22.68 | 31.25% | ― | 11.69% | 564.05% | |
66 Neutral | €10.36B | 24.94 | 17.42% | 2.05% | 3.92% | 10.56% | |
63 Neutral | €1.59B | -1.89 | -427.53% | 2.80% | 1.66% | 11.38% | |
58 Neutral | €1.22B | 5.83 | -3.44% | 4.40% | 1.58% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
DE:SIE
Siemens
280.25
53.96
23.85%
DE:NDX1
Nordex
38.56
15.42
66.64%
DE:DUE
Durr AG
18.08
-3.30
-15.42%
DE:G1A
GEA Group AG
64.85
-0.14
-0.22%
DE:KSB
KSB AG
958.00
35.54
3.85%
DE:ENR
Siemens Energy
158.56
55.30
53.56%
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.