Volkswagen (DE:VOW3)
XETRA:VOW3
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Volkswagen
(XETRA:VOW3)
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Rating:56Neutral
Price Target:
€94.00
▲(8.47% Upside)
Action:ReiteratedDate:03/12/26
The score is held back primarily by deteriorating cash generation (multi-year negative free cash flow) and weakening profitability alongside higher leverage, with additional pressure from bearish technicals. These are partially offset by a clearly attractive valuation (low P/E) and a high dividend yield.
Positive Factors
Scale & platform sharing
Volkswagen’s multi-brand, high-volume scale and platform-sharing model is a durable structural advantage: it spreads heavy R&D, tooling and manufacturing costs across many models and brands, lowering incremental unit costs and supporting margin resilience during the EV transition and product refresh cycles.
Negative Factors
Sustained negative free cash flow
Multi-year negative free cash flow is a durable headwind: it erodes liquidity, forces reliance on external funding or asset disposals, and limits ability to self-fund EV capex and R&D. Persistent negative FCF reduces financial flexibility and increases execution risk on strategic initiatives over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale & platform sharing
Volkswagen’s multi-brand, high-volume scale and platform-sharing model is a durable structural advantage: it spreads heavy R&D, tooling and manufacturing costs across many models and brands, lowering incremental unit costs and supporting margin resilience during the EV transition and product refresh cycles.
Read all positive factors
Volkswagen (VOW3) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€43.72B
Dividend Yield6.13%
Average Volume (3M)1.07M
Price to Earnings (P/E)7.1
Beta (1Y)1.19
Revenue Growth0.49%
EPS Growth-45.70%
CountryDE
Employees639,608
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)6.28
Shares Outstanding206,205,440
10 Day Avg. Volume909,278
30 Day Avg. Volume1,074,958
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)0.30
Price to Sales (P/S)0.16
P/FCF Ratio-5.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€118.23Price Target Upside36.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
EPS Forecast (FY)20.75
Revenue Forecast (FY)€327.70B
Volkswagen Business Overview & Revenue Model
Company Description
Volkswagen AG manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates in four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, ...
How the Company Makes Money
Volkswagen primarily makes money through (1) selling vehicles and (2) providing automotive financial services.
1) Vehicle sales and related automotive activities:
- New vehicle sales: The largest revenue stream is the sale of passenger cars and c...
Volkswagen Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
35
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 321.91B | 324.66B | 322.28B | 279.05B | 250.20B |
| Gross Profit | 72.94B | 61.03B | 62.03B | 52.57B | 47.06B |
| EBITDA | 48.48B | 48.22B | 49.84B | 50.01B | 46.69B |
| Net Income | 7.32B | 11.35B | 16.53B | 15.46B | 15.38B |
Balance Sheet | |||||
| Total Assets | 665.79B | 632.90B | 600.34B | 564.01B | 528.61B |
| Cash, Cash Equivalents and Short-Term Investments | 68.32B | 73.45B | 74.91B | 70.77B | 66.88B |
| Total Debt | 278.98B | 196.52B | 193.97B | 178.44B | 183.37B |
| Total Liabilities | 477.01B | 436.17B | 410.43B | 385.69B | 382.45B |
| Stockholders Equity | 174.00B | 182.29B | 175.69B | 165.38B | 144.45B |
Cash Flow | |||||
| Free Cash Flow | -9.34B | -10.29B | -6.44B | 5.83B | 20.14B |
| Operating Cash Flow | 15.01B | 17.15B | 19.36B | 28.50B | 38.63B |
| Investing Cash Flow | -27.13B | -31.57B | -19.81B | -41.82B | -26.13B |
| Financing Cash Flow | 11.57B | 11.14B | 16.01B | 4.22B | -7.75B |
Volkswagen Technical Analysis
Negative
86.66
Price Trends
98.10
Negative
99.34
Negative
96.63
Negative
Market Momentum
-3.74
Positive
33.71
Neutral
25.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:VOW3, the sentiment is Negative. The current price of 86.66 is below the 20-day moving average (MA) of 91.55, below the 50-day MA of 98.10, and below the 200-day MA of 96.63, indicating a bearish trend. The MACD of -3.74 indicates Positive momentum. The RSI at 33.71 is Neutral, neither overbought nor oversold. The STOCH value of 25.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:VOW3.
Volkswagen Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | €31.41B | 14.57 | 10.04% | 5.13% | -10.34% | -31.23% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | €50.00B | 11.66 | 5.56% | 7.25% | -7.08% | -38.11% | |
57 Neutral | €9.70B | 2.84 | -60.89% | 4.81% | -39.68% | -659.81% | |
56 Neutral | €43.72B | 7.09 | 4.00% | 6.13% | 0.49% | -45.70% | |
54 Neutral | €46.20B | 7.84 | 7.56% | 4.64% | -8.40% | -11.54% | |
52 Neutral | €14.98B | 9.86 | 8.55% | 5.67% | -7.11% | -30.83% |
* Consumer Cyclical Sector Average
DE:VOW3
Volkswagen
87.68
-6.89
-7.28%
DE:MBG
Mercedes-Benz Group
52.28
-1.13
-2.11%
DE:BMW
Bayerische Motoren Werke Aktiengesellschaft
78.88
3.74
4.98%
DE:PAH3
Porsche Automobil Holding
32.06
-3.36
-9.49%
DE:8TRA
TRATON SE
31.16
0.20
0.65%
DE:DTG
Daimler Truck Holding AG
41.40
4.88
13.36%
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.