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Volkswagen AG manufactures automobiles and commercial vehicles in Europe, Germany, North America, South America, the Asia-Pacific, and internationally. It operates through three segments: Passenger Cars and Light Commercial Vehicles; Commercial Vehicles; and Financial Services. The Passenger Cars and Light Commercial Vehicles segment develops vehicles, engines and motors, vehicle software, and vehicle batteries; produces and sells passenger cars and light commercial vehicles, and the parts. This segment also offers compact cars, luxury vehicles, and motorcycles, as well as mobility solutions. The Commercial Vehicles segment engages in the development of vehicles, engines, and motors; production and sale of trucks and buses, parts, and related services. The Financial Services segment engages in the dealership and customer financing, leasing, direct banking, and insurance activities; and provision of fleet management, and mobility services. In addition, the company is involved in the large-bore diesel engines, turbomachinery, and propulsion components businesses. It sells its products under the Volkswagen Passenger Cars, "koda, SEAT/CUPRA, Volkswagen Commercial Vehicles, Audi, Lamborghini, Bentley, Ducati, Porsche, Scania, MAN, Volkswagen Truck & Bus, TRATON, and Bugatti Rimac, and international commercial vehicles brands to individual, corporate, and fleet customers. The company was founded in 1937 and is headquartered in Wolfsburg, Germany. Volkswagen AG operates as a subsidiary of Porsche Automobil Holding SE.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Volkswagen AG is a global automaker selling cars, commercial vehicles and related services across multiple brands and a vehicle-finance business. Long-term growth may be supported by electrification, software-defined vehicles and scale in premium and commercial segments, with expansion in China potentially diversifying revenue.
Principal risks are execution of the EV/software transition, intensifying competition from Tesla and Chinese entrants, cyclical auto demand and supply-chain or regulatory disruptions.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 8939.68M | 16806.00M | 23193.00M | 22044.00M | 20126.00M |
| Minority interest | 419.00M | -1043.00M | -1329.00M | -393.00M | -46.00M |
| Net income | 7033.98M | 11351.00M | 16532.00M | 15443.00M | 15382.00M |
| Selling general administrative | 12541.00M | 12754.00M | 12724.00M | 11689.00M | 10420.00M |
| Selling and marketing expenses | 22804.00M | 22320.00M | 21340.00M | 19840.00M | 19228.00M |
| Gross profit | 70057.41M | 59471.00M | 60985.00M | 52227.00M | 47240.00M |
| Reconciled depreciation | 37434.00M | 31346.00M | 27566.00M | 28485.00M | 27336.00M |
| Ebit | 16419.35M | 20252.00M | 23175.00M | 22124.00M | 19275.00M |
| Ebitda | 46568.55M | 51598.00M | 50741.00M | 49682.00M | 47367.00M |
| Depreciation and amortization | 30149.20M | 31346.00M | 27566.00M | 27558.00M | 28092.00M |
| Operating income | 16419.35M | 19060.00M | 22576.00M | 22124.00M | 19275.00M |
| Other operating expenses | 292788.61M | 305595.00M | 299708.00M | 261012.00M | 234247.00M |
| Interest expense | 1872.08M | 3446.00M | 3640.00M | 1645.00M | 1971.00M |
| Tax provision | 2403.00M | 4411.00M | 5266.00M | 6208.00M | 4698.00M |
| Interest income | 1824.00M | 2415.00M | 2656.00M | 2528.00M | 990.00M |
| Net interest income | -1463.00M | -1201.00M | -1806.00M | -1384.00M | -1229.00M |
| Income tax expense | 2308.16M | 4411.00M | 5266.00M | 6208.00M | 4698.00M |
| Total revenue | 309207.96M | 324655.00M | 322284.00M | 279232.00M | 250199.00M |
| Total operating expenses | 53638.07M | 40411.00M | 36087.00M | 34007.00M | 31288.00M |
| Cost of revenue | 239150.55M | 265184.00M | 261299.00M | 227005.00M | 202959.00M |
| Total other income expense net | -7479.67M | -2254.00M | 617.00M | -80.00M | 851.00M |
| Net income from continuing ops | 6904.00M | 12395.00M | 17928.00M | 15836.00M | 15428.00M |
| Net income applicable to common shares | - | - | - | 14867.00M | 14843.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 665507.64M | 632905.00M | 600338.00M | 564772.00M | 528609.00M |
| Intangible assets | 67923.08M | 66957.00M | 62817.00M | 57039.00M | 51515.00M |
| Other current assets | 15366.46M | 37488.00M | 118194.00M | 102414.00M | -1.00M |
| Total liab | 476808.98M | 436174.00M | 410426.00M | 386444.00M | 382455.00M |
| Total stockholder equity | 173927.94M | 182294.00M | 175694.00M | 165378.00M | 144449.00M |
| Other current liab | 55227.49M | 119075.00M | 76096.00M | 94903.00M | 2234.00M |
| Common stock | 1282.45M | 1283.00M | 1283.00M | 1283.00M | 1283.00M |
| Capital stock | 1283.00M | 1283.00M | 1283.00M | 1283.00M | 1283.00M |
| Retained earnings | 161432.26M | 155130.00M | 147830.00M | 137267.00M | 117342.00M |
| Other liab | - | - | - | 81266.00M | 85663.00M |
| Good will | 23511.99M | 26376.00M | 26292.00M | 26202.00M | 26174.00M |
| Other assets | - | - | -30488.00M | -1.00M | 1.00M |
| Cash | 38784.49M | 40296.00M | 43449.00M | 29172.00M | 39724.00M |
| Total current liabilities | 226428.59M | 217039.00M | 205874.00M | 182992.00M | 164393.00M |
| Current deferred revenue | 13289.34M | - | 10446.00M | - | 84194.00M |
| Net debt | 240074.78M | 156224.00M | 150523.00M | 149264.00M | 143646.00M |
| Short term debt | 127434.74M | 63387.00M | 74887.00M | 59341.00M | 54341.00M |
| Short long term debt | 62560.00M | 62135.00M | 73775.00M | 58239.00M | 53233.00M |
| Short long term debt total | 278859.27M | 196520.00M | 193972.00M | 178436.00M | 183370.00M |
| Other stockholder equity | 14544.81M | 25881.00M | 26581.00M | 26828.00M | 25824.00M |
| Property plant equipment | - | - | - | 64187.00M | 65000.00M |
| Total current assets | 253667.99M | 245231.00M | 239644.00M | 224309.00M | 200347.00M |
| Net tangible assets | - | - | - | 82137.00M | 66760.00M |
| Short term investments | 29509.44M | 33150.00M | 31464.00M | 41614.00M | 27155.00M |
| Net receivables | 113989.46M | 81165.00M | 21849.00M | 60249.00M | 90089.00M |
| Long term debt | 126140.00M | 127209.00M | 113704.00M | 113812.00M | 123892.00M |
| Inventory | 56018.15M | 53132.00M | 48692.00M | 51109.00M | 43380.00M |
| Accounts payable | 30477.02M | 29772.00M | 30901.00M | 28748.00M | 23624.00M |
| Accumulated other comprehensive income | -3331.58M | -2964.64M | -3977.84M | - | - |
| Non currrent assets other | 2387.98M | 148755.00M | 6056.00M | 145455.00M | 124323.00M |
| Non current assets total | 411839.64M | 387674.00M | 360694.00M | 340464.00M | 328261.00M |
| Capital lease obligations | 7657.00M | 7176.00M | 6493.00M | 6385.00M | 6245.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -1485.00M | -31573.00M | -19812.00M | -41822.00M | -3970.00M |
| Change to liabilities | - | - | - | 8586.00M | 1856.00M |
| Total cashflows from investing activities | -26061.17M | -31573.00M | -19820.00M | -41822.00M | -26128.00M |
| Net borrowings | 456.00M | 10584.00M | 11967.00M | -7376.00M | -3072.00M |
| Total cash from financing activities | 11109.52M | 11140.00M | 16008.00M | 4225.00M | -7754.00M |
| Change to operating activities | - | - | - | -16861.00M | -9917.00M |
| Net income | 6409.64M | 16806.00M | 23194.00M | 22044.00M | 20126.00M |
| Change in cash | 3271.05M | -3226.00M | 13784.00M | -9385.00M | 5691.00M |
| Begin period cash flow | 35513.43M | 43522.00M | 29738.00M | 39123.00M | 33432.00M |
| End period cash flow | 38784.49M | 40296.00M | 43522.00M | 29738.00M | 39123.00M |
| Total cash from operating activities | 14416.64M | 17151.00M | 19356.00M | 28496.00M | 38633.00M |
| Depreciation | 30149.20M | 31346.00M | 27566.00M | 28485.00M | 27336.00M |
| Other cashflows from investing activities | -901.94M | -1774.00M | 6650.00M | -1.00M | -1.00M |
| Dividends paid | 4283.98M | 5779.00M | 11732.00M | -4362.00M | -3022.00M |
| Change to inventory | -860.64M | -2695.00M | -2071.00M | -8385.00M | 2110.00M |
| Change to account receivables | -6154.13M | -11144.00M | -4361.00M | -3207.00M | 1888.00M |
| Sale purchase of stock | - | -1144.00M | -1190.00M | - | - |
| Other cashflows from financing activities | 14534.07M | 7479.00M | 14770.00M | 34225.00M | 25825.00M |
| Change to netincome | - | - | - | 4892.00M | 233.00M |
| Capital expenditures | 23385.13M | 27446.00M | 25795.00M | 22671.00M | 18498.00M |
| Change in working capital | -25496.38M | -28898.00M | -28741.00M | -19867.00M | -4063.00M |
| Stock based compensation | - | - | 19.06M | - | - |
| Other non cash items | 3354.18M | -2103.00M | -2682.06M | -2166.00M | -4766.00M |
| Free cash flow | -8968.49M | -10295.00M | -6439.00M | 5825.00M | 20135.00M |
Sector: Consumer Cyclical Industry: Auto Manufacturers
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| VWAGY Volkswagen AG 1/10 ADR |
-0.19 2.51% |
7.38 | 7.76 | 3.43 | 0.15 | 0.22 | 0.52 | 3.25 |
| TSLA Tesla Inc |
1.77 0.45% |
392.61 | 333.25 | 149.25 | 13.59 | 16.32 | 13.42 | 115.59 |
| TM Toyota Motor Corporation ADR |
-2.15 1.01% |
210.85 | 8.55 | 11.15 | 0.00 | 0.95 | 1.28 | 7.65 |
| TOYOF Toyota Motor Corp |
- -% |
21.15 | 8.26 | 11.49 | 0.00 | 0.98 | 1.28 | 7.65 |
| BYDDY BYD Co Ltd ADR |
-0.20 2.29% |
8.53 | 27.15 | 20.49 | 0.18 | 3.56 | 1.12 | 7.45 |
Volkswagen AG manufactures automobiles and commercial vehicles in Europe, Germany, North America, South America, the Asia-Pacific, and internationally. It operates through three segments: Passenger Cars and Light Commercial Vehicles; Commercial Vehicles; and Financial Services. The Passenger Cars and Light Commercial Vehicles segment develops vehicles, engines and motors, vehicle software, and vehicle batteries; produces and sells passenger cars and light commercial vehicles, and the parts. This segment also offers compact cars, luxury vehicles, and motorcycles, as well as mobility solutions. The Commercial Vehicles segment engages in the development of vehicles, engines, and motors; production and sale of trucks and buses, parts, and related services. The Financial Services segment engages in the dealership and customer financing, leasing, direct banking, and insurance activities; and provision of fleet management, and mobility services. In addition, the company is involved in the large-bore diesel engines, turbomachinery, and propulsion components businesses. It sells its products under the Volkswagen Passenger Cars, "koda, SEAT/CUPRA, Volkswagen Commercial Vehicles, Audi, Lamborghini, Bentley, Ducati, Porsche, Scania, MAN, Volkswagen Truck & Bus, TRATON, and Bugatti Rimac, and international commercial vehicles brands to individual, corporate, and fleet customers. The company was founded in 1937 and is headquartered in Wolfsburg, Germany. Volkswagen AG operates as a subsidiary of Porsche Automobil Holding SE.
| Name | Title | Year Born |
|---|---|---|
| Dr. Herbert Diess | Group Chief Exec. Officer | 1958 |
| Dr. Oliver Blume | Chairman of Management | 1968 |
| Dr. Arno Antlitz | CFO, COO & Member of the Board of Management | 1970 |
| Mr. Thomas Schmall-Reichsgraf von und zu Westerholt | Member of the Management Board & Head of Technology | 1964 |
| Ms. Hiltrud Dorothea Werner | Member of the Board of Management | 1966 |
| Mr. Gunnar Kilian | Member of Management Board and Head of HR, Truck & Bus | 1975 |
| Mr. Markus Duesmann | Member of Board of Management | 1969 |
| Mr. Thomas Schafer | CEO of the Passenger Cars Brand, CEO & COO of Volkswagen Brand and Member of Management Board | 1970 |
| Mr. Ralf Brandstatter | Member of Board of Management of China Division | 1968 |
| Dr. Manfred Doss | Member of Management Board | 1958 |
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