Updated : December 7, 2023 
| 2022 (in million) | VW | MBG | BMW | Tesla | Ford | GM |
| € | € | € | $ | $ | $ | |
| Price ordinary shares | € 114.70 | € 57.02 | € 91.05 | $ 244.14 | $ 10.59 | $ 31.60 |
| number of shares | 295.1 | 1069.8 | 602.0 | 3249.0 | 4022.0 | 1449.0 |
| Price preferent shares | € 104.30 | € 84.10 | ||||
| number of shares | 206.2 | 57.7 | ||||
| Market Cap | 55,355 | 61,000 | 59,665 | 793,211 | 42,593 | 45,788 |
| Net Cash car | 31,553 | 23,303 | 31,405 | 18,915 | -49,110 | -34,356 |
| Enterprise Value (EV) | 23,802 | 37,697 | 28,260 | 774,296 | 91,703 | 80,144 |
| Revenue | ||||||
| in million | VW | MBG | BMW | Tesla | Ford | GM |
| 2021 Q1 | 62,376 | 32,525 | 26,778 | 10,389 | 36,228 | 32,474 |
| 2021 Q2 | 67,293 | 34,480 | 28,582 | 11,958 | 26,752 | 34,167 |
| 2021 Q3 | 56,931 | 31,647 | 27,471 | 13,757 | 35,683 | 26,779 |
| 2021 Q4 | 63,600 | 35,241 | 28,408 | 17,719 | 37,678 | 33,584 |
| 2022 Q1 | 62,742 | 34,858 | 31,142 | 18,756 | 29,830 | 35,979 |
| 2022 Q2 | 69,543 | 36,440 | 34,770 | 16,934 | 40,190 | 35,759 |
| 2022 Q3 | 70,712 | 37,716 | 37,176 | 18,692 | 39,392 | 38,703 |
| 2022 Q1-Q3 | 202,997 | 109,014 | 103,088 | 54,382 | 109,412 | 110,441 |
| TTM | 266,597 | 144,255 | 131,496 | 72,101 | 147,090 | 144,025 |
| EBIT | ||||||
| in million | VW | MBG | BMW | Tesla | Ford | GM |
| 2021 Q1 | 4,812 | 4,789 | 3,757 | 594 | 3,942 | 4,417 |
| 2021 Q2 | 6,188 | 4,374 | 5,979 | 1,312 | 735 | 3,524 |
| 2021 Q3 | 2,595 | 2,899 | 3,417 | 2,004 | 1,885 | 2,538 |
| 2021 Q4 | 5,322 | 3,966 | 3,948 | 2,613 | -2,037 | 3,818 |
| 2022 Q1 | 8,323 | 5,229 | 12,227 | 3,603 | 1,323 | 4,044 |
| 2022 Q2 | 4,735 | 4,622 | 3,426 | 2,464 | 2,888 | 2,343 |
| 2022 Q3 | 4,039 | 5,344 | 4,603 | 3,688 | 504 | 4,287 |
| 2022 Q1-Q3 | 17,097 | 15,195 | 20,256 | 9,755 | 4,715 | 10,674 |
| TTM | 22,419 | 19,161 | 24,204 | 12,368 | 2,678 | 14,492 |
| Net Income | ||||||
| in million | VW | MBG | BMW | Tesla | Ford | GM |
| 2021 Q1 | 3,414 | 3,489 | 2,833 | 1,052 | 3,262 | 3,022 |
| 2021 Q2 | 4,390 | 3,704 | 4,790 | 1,616 | 561 | 2,745 |
| 2021 Q3 | 2,903 | 2,024 | 2,584 | 2,093 | 1,832 | 2,386 |
| 2021 Q4 | 4,071 | 1,833 | 2,256 | 2,879 | 7,775 | 1,866 |
| 2022 Q1 | 6,724 | 3,677 | 10,185 | 3,318 | -3,110 | 2,939 |
| 2022 Q2 | 3,914 | 3,107 | 3,047 | 2,259 | 667 | 1,692 |
| 2022 Q3 | 2,133 | 3,998 | 3,175 | 3,292 | -930 | 3,305 |
| 2022 Q1-Q3 | 12,771 | 10,782 | 16,407 | 8,869 | -3,373 | 7,936 |
| TTM | 18,623 | 11,724 | 18,535 | 10,715 | 5,999 | 8,189 |
| Total number of shares | 501.3 | 1069.8 | 659.7 | 3249.0 | 4022.0 | 1449.0 |
| 2022 Q1-Q3 per share | € 25.48 | € 10.08 | € 24.87 | $ 2.73 | $ -0.84 | $ 5.48 |
| EPS per share | € 37.15 | € 10.96 | € 28.10 | $ 3.30 | $ 1.49 | $ 5.65 |
| Valuation multiples TTM | ||||||
| VW | MBG | BMW | Tesla | Ford | GM | |
| Prices as of December 7, 2023 | ||||||
| Market Cap | 55,355 | 61,000 | 59,665 | 793,211 | 42,593 | 45,788 |
| Net Cash car | 31,553 | 23,303 | 31,405 | 18,915 | -49,110 | -34,356 |
| Enterprise Value (EV) | 23,802 | 37,697 | 28,260 | 774,296 | 91,703 | 80,144 |
| TTM in million | € | € | € | $ | $ | $ |
| Revenue | 266,597 | 144,255 | 131,496 | 72,101 | 147,090 | 144,025 |
| EBIT | 22,419 | 19,161 | 24,204 | 12,368 | 2,678 | 14,492 |
| Net Income | 18,623 | 11,724 | 18,535 | 10,715 | 5,999 | 8,189 |
| EV/Revenue | 0.09 | 0.26 | 0.21 | 10.74 | 0.62 | 0.56 |
| EV/EBIT | 1.06 | 1.97 | 1.17 | 62.60 | 34.24 | 5.53 |
| PE ratio | 2.97 | 5.20 | 3.22 | 74.03 | 7.10 | 5.59 |
| Adjusted PE ratio (EV/E) 1) | 1.28 | 3.22 | 1.52 | 72.26 | 15.29 | 9.79 |
1) Adjusted for Net Cash per share | ||||||
| Price ordinary shares | € 114.70 | € 57.02 | € 91.05 | $ 244.14 | $ 10.59 | $ 31.60 |
| Net Cash per share | € 62.94 | € 21.78 | € 47.60 | $ 5.82 | $ -12.21 | $ -23.71 |
| in percentage of share price | 54.9% | 38.2% | 52.3% | 2.4% | -115.3% | -75.0% |
| Net Price (EV) per share | € 51.76 | € 35.24 | € 43.45 | $ 238.32 | $ 22.80 | $ 55.31 |
| EPS per share | € 37.15 | € 10.96 | € 28.10 | $ 3.30 | $ 1.49 | $ 5.65 |
| Adjusted PE ratio (EV/E) | 1.28 | 3.22 | 1.52 | 72.26 | 15.29 | 9.79 |
Adjusted PE ratio or EV/E offers a far more precise valuation comparison than PE ratio since it is obviously far more attractive to pay for example 10 times net income
in case price is actually substantially reduced when there is much net cash (per share) on the balance sheet (which typically is rather unusual at companies, however not for German car builders,
after for many successive years having generated substantial free cash flows).
| ||||||
| Premiums against minimum (min) | ||||||
| VW | MBG | BMW | Tesla | Ford | GM | |
| EV/Revenue | min = 0.09 | +193% | +141% | +11929% | +598% | +523% |
| EV/EBIT | min = 1.06 | +85% | +10% | +5797% | +3125% | +421% |
| PE ratio | min = 2.97 | +75% | +8% | +2391% | +139% | +88% |
| aPE ratio | min = 1.28 | +152% | +19% | +5554% | +1096% | +666% |
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