Siemens AG (SIEGY)
OTHER OTC:SIEGY
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Siemens AG
(OTC:SIEGY)
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Rating:81Outperform
Price Target:
$182.00
â–²(28.43% Upside)
Action:Reiterated
Date:05/15/26
The score is primarily supported by strong financial performance (notably accelerating revenue and consistently robust free cash flow) and a constructive technical setup with price above key moving averages and positive MACD. The latest earnings call added support via reiterated group guidance and raised business-level outlooks, while valuation is reasonable but not distinctly cheap and near-term risks include margin pressure in Mobility and FX/integration headwinds.
Positive Factors
Strong free cash flow generation
Consistently high FCF (~€9.9B TTM) gives Siemens durable financial flexibility: funds reinvestment, R&D, capex for factory/datacenter ramps, sustained buybacks and dividend capacity, and buffer against cyclical downturns while supporting strategic shifts to software and services.
Negative Factors
Meaningful absolute debt load
An absolute €54B debt burden limits flexibility for large discretionary investments or downturns. While leverage improved, interest and principal obligations reduce optionality for M&A or aggressive capex, and increase sensitivity to rate increases or weaker operating cash conversion.
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Positive Factors
Negative Factors
Strong free cash flow generation
Consistently high FCF (~€9.9B TTM) gives Siemens durable financial flexibility: funds reinvestment, R&D, capex for factory/datacenter ramps, sustained buybacks and dividend capacity, and buffer against cyclical downturns while supporting strategic shifts to software and services.
Read all positive factors
Siemens AG (SIEGY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$228.09B
Dividend Yield1.94%
Average Volume (3M)172.17K
Price to Earnings (P/E)26.1
Beta (1Y)1.24
Revenue Growth10.54%
EPS Growth-14.09%
CountryUS
Employees313,000
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)4.99
Shares Outstanding1,564,000,000
10 Day Avg. Volume180,781
30 Day Avg. Volume172,170
Financial Highlights & Ratios
PEG Ratio1.06
Price to Book (P/B)2.90
Price to Sales (P/S)2.29
P/FCF Ratio16.71
Enterprise Value/Market Cap1.10
Enterprise Value/Revenue3.14
Enterprise Value/Gross Profit8.08
Enterprise Value/Ebitda17.27
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)6.37
Revenue Forecast (FY)$96.70B
Siemens AG Business Overview & Revenue Model
Company Description
Siemens Aktiengesellschaft is a prominent technology firm specializing in automation and digitalization across Europe, the Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. Its operations are organized...
How the Company Makes Money
Siemens makes money mainly by selling products, systems, software, and long-term services across its operating segments. In Digital Industries, revenue is generated from factory automation hardware (e.g., controls, drives, industrial communication...
Siemens AG Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call presented a strong set of operational results and strategic momentum: record orders and backlog, notable outperformance in Smart Infrastructure (particularly data centers), robust Digital Industries software growth and improved cash flow. Management confirmed group guidance and raised guidance for key businesses (DI and SI), highlighted successful M&A integration milestones and product/AI innovation. Headwinds include Mobility revenue and margin pressure from U.S. tariffs, currency/commodity impacts, integration-related costs and geopolitical uncertainty that reduce short-term visibility. Overall, positive operational execution and financial strength outweigh the business-specific and macro headwinds.Positive Updates
Record Order Intake and Backlog
Group orders of EUR 24.1 billion, up 18% year-over-year; book-to-bill of 1.22; record order backlog of EUR 124 billion, providing multiyear revenue visibility.
Negative Updates
Mobility Revenue and Margin Pressure from U.S. Tariffs
Mobility revenue declined ~2% in Q2 versus strong prior-year comps; margin was 6.9% with an adverse impact of ~170 basis points related to U.S. tariffs and tariff-related reassessments; severance charges (~80 bps) from factory network optimization also weighed on margin; Mobility FY revenue growth guidance lowered to 5–7% and margin expected in 8–10% range (towards lower end).
Read all updates
Q2-2026 Updates
Positive
Negative
Record Order Intake and Backlog
Group orders of EUR 24.1 billion, up 18% year-over-year; book-to-bill of 1.22; record order backlog of EUR 124 billion, providing multiyear revenue visibility.
Read all positive updates
Company Guidance
Siemens confirmed it still expects to hit the upper half of its group revenue growth guidance of 6–8% for FY26 and reiterated EPS pre PPA of €10.70–€11.10, while updating business-level guidance and assumptions: group Q2 metrics included orders €24.1bn (+18%), backlog €124bn, book‑to‑bill 1.22, revenue +6%, industrial business profit €3.0bn (margin 15.4%), Q2 EPS pre PPA €2.81 and free cash flow €1.7bn; Digital Industries raised FY26 revenue guidance to 7–10% (up 100bps at midpoint) with a profit range of 17–19% (also +100bps at midpoint), Q2 DI orders €4.8bn (book‑to‑bill 1.03), backlog €10.2bn, revenue +8%, software +14%, DI FCF €760m and integration costs ~90bps in Q2 (expected ~80bps for the full year); Smart Infrastructure now targets comparable revenue growth of 8–10% (up 150bps at midpoint), margin in the upper half of the 18–19% band, Q2 orders €7.5bn (+35%) with data‑center orders €1.9bn, backlog €22bn, book‑to‑bill 1.27, revenue +10% and margin 18.6%; Mobility’s FY revenue growth view was lowered to 5–7% while margin guidance was confirmed at 8–10% (now expected toward the lower end), after Q2 orders €5.3bn (book‑to‑bill 1.76), backlog €53.5bn, revenue -2% and a Q2 margin hit to 6.9% (tariff impact ~170bps) plus severance (~80bps; €300–350m expected FY); key assumptions include slightly higher R&D intensity, CapEx increases in targeted growth fields, SG&A roughly flat, severance €300–350m, Altair/Dotmatics synergies and DI SaaS transition progressing, FX headwinds of roughly 80bps in H1 (expected to ease to ~50bps for the full year), industrial net debt/EBITDA ~1.2, nearly completed €6bn buyback and a new up-to-€6bn program announced.Siemens AG Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
83
Very Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 80.02B | 78.91B | 75.93B | 74.88B | 71.98B | 62.27B |
| Gross Profit | 31.09B | 30.40B | 29.82B | 29.12B | 25.85B | 22.74B |
| EBITDA | 14.55B | 15.86B | 16.17B | 16.04B | 11.40B | 11.21B |
| Net Income | 7.76B | 9.62B | 8.30B | 7.95B | 3.72B | 6.16B |
Balance Sheet | ||||||
| Total Assets | 168.15B | 166.20B | 147.81B | 145.07B | 151.50B | 139.61B |
| Cash, Cash Equivalents and Short-Term Investments | 8.67B | 16.69B | 11.46B | 11.13B | 12.99B | 12.05B |
| Total Debt | 54.22B | 56.01B | 47.92B | 46.60B | 50.64B | 48.70B |
| Total Liabilities | 97.14B | 97.83B | 91.58B | 92.01B | 96.70B | 90.33B |
| Stockholders Equity | 64.45B | 62.24B | 51.26B | 47.79B | 48.90B | 44.37B |
Cash Flow | ||||||
| Free Cash Flow | 9.93B | 10.81B | 9.58B | 10.02B | 8.16B | 8.27B |
| Operating Cash Flow | 12.35B | 13.26B | 11.66B | 12.24B | 10.24B | 10.00B |
| Investing Cash Flow | -7.91B | -11.31B | -3.28B | -3.18B | -2.49B | -15.49B |
| Financing Cash Flow | -8.09B | 3.64B | -8.88B | -8.73B | -7.50B | 785.00M |
Siemens AG Technical Analysis
Positive
141.71
Price Trends
148.41
Positive
143.00
Positive
139.69
Positive
Market Momentum
0.98
Positive
49.80
Neutral
23.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SIEGY, the sentiment is Positive. The current price of 141.71 is below the 20-day moving average (MA) of 155.12, below the 50-day MA of 148.41, and above the 200-day MA of 139.69, indicating a neutral trend. The MACD of 0.98 indicates Positive momentum. The RSI at 49.80 is Neutral, neither overbought nor oversold. The STOCH value of 23.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SIEGY.
Siemens AG Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $228.09B | 26.11 | 12.22% | 1.94% | 10.54% | -14.09% | |
77 Outperform | $113.78B | 32.76 | 24.69% | 0.79% | 6.03% | 4.26% | |
77 Outperform | $50.92B | 47.33 | 30.25% | 1.33% | 10.45% | 21.30% | |
71 Outperform | $152.85B | 38.07 | 20.81% | 1.29% | 12.68% | 3.12% | |
71 Outperform | $79.58B | 32.82 | 12.11% | 1.58% | 4.03% | 3.51% | |
70 Outperform | $73.21B | 23.68 | 97.38% | 2.43% | 2.90% | -5.25% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
SIEGY
Siemens AG
153.07
30.61
24.99%
ETN
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EMR
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143.07
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ITW
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257.43
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7.97%
PH
Parker Hannifin
903.48
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37.70%
ROK
Rockwell Automation
459.34
139.56
43.64%
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.