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Siemens AG SIEGY

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

In Line With Peers, Siemens Posts Strong Quarter and Boosts Guidance

Analyst Note

| Denise Molina, CFA |

Siemens posted strong second-quarter results versus our expectations and, similar to many of its peers, increased its full-year guidance on the back of a stronger-than-expected rebound in end-market demand, including in short-cycle orders. Aerospace remains weak. The company is also seeing rising raw materials costs along with prestocking from customers. We have adjusted our forecasts to incorporate the Varian acquisition as well as improved guidance and increase our fair value estimates to EUR 130 per local share from EUR 124 and to $80 per ADR from $75. Our narrow moat rating is intact. 

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Company Profile

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 8963632474
Sector Industrials
Industry Specialty Industrial Machinery
Most Recent Earnings Mar 31, 2021
Fiscal Year End Sep 30, 2021
Stock Type
Employees 294,000

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