Siemens AG

SIEGY

Industrial - Machinery · Industrials

Price

$163.65

+2.86 (+1.78%)

Market Cap

$251.74B

Exchange

Other OTC

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Good

Growth

Mixed

Cash Flow

Exceptional

Stability

Good

Valuation

Good

Dividends

Weak

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Share count falling — buybacks

−2.2% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 1.62B (2021) → 1.59B (2025)

Winston Score History

The full picture

Siemens AG is a large German industrial company that makes equipment and software used to run factories, buildings, power grids, and transportation systems. Its core products include factory automation systems, industrial software, smart building controls, and rail technology. Siemens serves manufacturers, utilities, hospitals, governments, and construction companies across dozens of industries worldwide.

Siemens earns money by selling hardware, software licenses, long-term service contracts, and digital subscriptions — a mix that gives it recurring revenue alongside one-time equipment sales. The company operates globally, with strong presence in Europe, North America, and Asia, and generates roughly $80 billion in annual revenue. Its competitive edge comes from deep integration between its hardware and software, making it costly for customers to switch to rivals. The key growth driver is industrial digitalization — companies upgrading factories with automation and AI-driven software — but slowing manufacturing investment in Europe and China remains a meaningful near-term risk.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+9.1% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+13.7% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

€6.6B/ year

→ Flat (+5% vs prior year)

8.3% of revenue

2.1x the sector average (4%)

Steady R&D investment year-over-year

Insider Activity

0.9%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

€41.9B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Siemens AG is growing revenue at 9% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

40.9%

Healthy — 40.9% gross margin

Profit after running costs

Operating Margin

14.6%

Healthy — 14.6% operating margin

Return on the money invested

ROCE

8.3%

Below par — 8.3% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+4.5%

Slow sales growth (+4.5% YoY)

Profit growth

EPS YoY

-18.7%

Earnings shrinking (-18.7% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

166%

Turns 166% of profit into real cash

Spare cash per sale

FCF Margin

13.2%

Converts sales into free cash efficiently (13.2%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

0.73

Moderate — manageable debt (0.73)

Covers its interest

Interest Cover

5.93x

Adequate interest coverage (5.9x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

31.7x

Pricey — P/E 31.7

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

+12.3

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (31.7 → 19.3)

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Dividends

Dividend

Dividend Yield

1.97%

Small dividend — 1.97% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

-15.2%

Dividend cut (-15.2% YoY) — warning sign

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