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Siemens AG ADR SIEGY Stock Quote

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PINX:SIEGY

Morningstar‘s Stock Analysis SIEGY

Valuation
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Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Siemens Finishes the Year With a Solid Backlog Going Into 2023

Analyst Note

| Denise Molina, CFA |

Siemens reported a solid fourth quarter and enters 2023 with a solid backlog that will support revenue growth, adding some defensiveness against any GDP slowdown-driven demand deterioration. Order growth slowed in the fourth quarter relative to revenue growth with the book-to-bill close to 1 for most divisions. While slowing order growth might normally be a precursor to slower revenue growth, Siemens management guided for 6% to 9% organic revenue growth in 2023, similar to the 8% achieved in 2022. We expect to make adjustments to our forecasts and anticipate roughly a 5% positive impact on our EUR145 fair value estimate. We maintain our narrow-moat rating.

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Key Statistics SIEGY

Company Profile SIEGY

Business Description

Siemens is an industrial conglomerate, with businesses selling components and equipment for factory automation, railway equipment, electrical distribution equipment, and medical equipment. Its separately listed business units include Siemens Healthineers, Siemens Energy, and Siemens Gamesa, which supply medical imaging equipment, power generation, and wind turbines, respectively.

Contact
Werner-von-Siemens-Strabe 1
Munich, BY, 80333, Germany
T +49 8938035491
Industry Specialty Industrial Machinery
Most Recent Earnings Jun 30, 2022
Fiscal Year End Sep 30, 2022
Employees 308,000

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