Bayerische Motoren Werke Aktiengesellschaft
5-year stock timeline
BMW (XETRA: BMW) last traded at €77.02 on 2026‑05‑28. Below is a concise 2020–2026 timeline of material company and stock events, how investor narrative evolved, and the key technical chart phases.
Major events
During 2020–2021, COVID‑19 and global semiconductor shortages forced production adjustments across the industry. BMW managed supply better than many peers and reported a strong recovery with record net profit and marked improvement in operating margin in 2021.
BMW announced the transformational "Neue Klasse" programme in 2021 to reset platforms, software and production for electrification and digitalisation. First public prototypes and the first series model debuts and production starts occurred in 2025–2026.
From 2022 onward, the Russia‑Ukraine war prompted BMW to halt exports and local production activities in Russia while maintaining limited spare‑parts support. Management returned capital via a 2025–2027 buyback programme, with 390,000 ordinary shares repurchased in January 2026.
Investor narrative
In the early pandemic years, BMW was framed as a resilient incumbent capable of protecting margins through disciplined production and pricing, especially after the bounce in deliveries and earnings in 2021.
From 2021 into 2025, the dominant narrative shifted to BMW's Neue Klasse as a potential multi‑year growth and margin catalyst. Investors increasingly priced the stock on execution of EV, software and iFACTORY plans.
By early 2026, sentiment blended execution focus and shareholder returns. Buybacks and plant readiness (Munich/Debrecen iFACTORY rollout) were cited as supportive to valuation and confidence in delivery timelines.
Technical phases
March 2020 brought a market‑wide COVID collapse that produced a major low for cyclical auto names, followed by recovery into 2021 that tracked BMW's rebound in deliveries and earnings.
Through 2021–2023, price action was volatile on headline risks including semiconductor noise and China and Russia exposures, though underlying earnings strength supported rallies. The stock traded above €100 in early 2024 before a notable pullback.
From 2025 into mid‑2026, the chart shows consolidation roughly between the mid‑€70s and low‑€90s, with renewed upward pushes linked to Neue Klasse product milestones and capital‑return actions. Recent market commentary identifies visible support near the mid‑€70s and resistance near the low‑€90s.
Key risks and downside factors
BMW competes in a crowded premium segment where Mercedes-Benz and Volkswagen Group press hard in Europe, while Toyota and Stellantis challenge globally. Tesla has set the pace in software-defined EVs, a gap BMW is working to close. The company faces structural headwinds: electrification and software development demand heavy capital, auto demand cycles through peaks and valleys, and regulators keep tightening emissions standards across major markets. The real pressure points are margin compression as EV investments mount, and increasingly aggressive pricing and feature wars from both established players and newer entrants. None of this is surprising, but it's worth holding clearly in mind.
- Intensifying competition from EV and software players—Tesla and the major OEM groups particularly—poses a real risk to BMW's market share and pricing power.
- High capital expenditure and R&D costs tied to electrification and software platforms risk compressing margins if the sales mix shifts more slowly than anticipated [9][7].
- Regulatory frameworks across Europe, China, and the US are mandating accelerated investment in emissions reduction, with material penalties—fines or sales restrictions—for missing targets.
- Macro headwinds and supply-chain friction—commodity swings, semiconductor shortages, currency moves—can ripple through production schedules and squeeze margins across distributed operations.
Competitive landscape
BMW competes in the premium automotive market against Mercedes-Benz, Volkswagen Group (Audi and Porsche), and Tesla across combustion, hybrid, and electric powertrains. The company faces material headwinds: the speed at which the EV transition unfolds, intensifying competition from pure-play EV manufacturers, supply chain and semiconductor bottlenecks that constrain production capacity, cyclical demand shifts tied to macroeconomic conditions and currency movements, and tightening regulatory and emissions requirements across major markets.
| Company | Ticker |
|---|---|
| Mercedes-Benz Group AG | MBG.XETRA |
| Volkswagen AG | VOW3.XETRA |
| Tesla, Inc. | TSLA.NASDAQ |
Private competitors
- Rimac Automobili
- Lotus Cars
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Start Free TrialPerformance Figures of Bayerische Motoren Werke Aktiengesellschaft
Relative Performance vs Benchmarks
| Period | Bayerische Motoren Werke Aktiengesellschaft | vs DAX | vs S&P 500 (SPY) |
|---|---|---|---|
| 1M | +2.65% | -1.61% | -2.80% |
| 3M | -8.94% | -7.98% | -18.64% |
| 6M | -7.47% | -12.53% | -17.91% |
| 1Y | +2.16% | -2.02% | -26.99% |
| 3Y | -12.57% | -69.55% | -98.24% |
| 5Y | +22.18% | -39.18% | -69.12% |
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Start Free TrialHistorical valuation trends
How the company’s key valuation ratios (P/E, P/S, P/B and P/CF) have evolved over time compared to today.
| Period | P/E Ratio | P/S Ratio | P/B Ratio | P/CF Ratio |
|---|---|---|---|---|
| Current | 6.8 | 0.4 | 0.5 | 8.3 |
| 1Y ago | 7.2 | 0.3 | 0.5 | 5.7 |
| 3Y ago | 6.0 | 0.5 | 0.7 | 2.5 |
| 5Y ago | 9.6 | 0.6 | 0.9 | 3.5 |
Frequently Asked Questions
Where is the Bayerische Motoren Werke Aktiengesellschaft stock traded?
What does Bayerische Motoren Werke Aktiengesellschaft do?
What are the key metrics for BMW.XETRA?
How has Bayerische Motoren Werke Aktiengesellschaft's stock price performed?
How is BMW.XETRA valued?
Does BMW.XETRA pay dividends?
What are the key risks when investing in BMW.XETRA?
- Intensifying competition from EV and software players—Tesla and the major OEM groups particularly—poses a real risk to BMW's market share and pricing power.
- High capital expenditure and R&D costs tied to electrification and software platforms risk compressing margins if the sales mix shifts more slowly than anticipated [web:9][web:7].
- Regulatory frameworks across Europe, China, and the US are mandating accelerated investment in emissions reduction, with material penalties—fines or sales restrictions—for missing targets.
- Macro headwinds and supply-chain friction—commodity swings, semiconductor shortages, currency moves—can ripple through production schedules and squeeze margins across distributed operations.
Who are the main competitors of Bayerische Motoren Werke Aktiengesellschaft?
- Mercedes-Benz Group AG (MBG.XETRA)
- Volkswagen AG (VOW3.XETRA)
- Tesla, Inc. (TSLA.NASDAQ)
When does Bayerische Motoren Werke Aktiengesellschaft report earnings?
Key Metrics
Valuation Metrics
Profitability Metrics
Growth Metrics
Dividend history
Long-term record of paid dividends (amount per share and dividend yield at the time of payment).
| Year | Dividend | Yield at payment | Avg. yield |
|---|---|---|---|
| 2026 | 4.40 EUR | 5.45% | 4.5% |
| 2025 | 4.30 EUR | 5.22% | |
| 2024 | 6.00 EUR | 5.83% | |
| 2023 | 8.50 EUR | 7.84% | |
| 2022 | 5.80 EUR | 7.05% | |
| 2021 | 1.65 EUR | 2.02% | |
| 2021 | 1.90 EUR | 2.25% | |
| 2020 | 2.50 EUR | 5.31% | |
| 2019 | 3.50 EUR | 5.01% | |
| 2018 | 4.00 EUR | 4.29% | |
| 2017 | 3.50 EUR | 3.88% | |
| 2016 | 3.20 EUR | 4.23% | |
| 2015 | 2.90 EUR | 2.76% | |
| 2014 | 2.60 EUR | 2.95% | |
| 2013 | 2.50 EUR | 3.41% |
Earnings history & estimates
Historical earnings performance shows how consistently the company meets or exceeds analyst expectations. Forward estimates provide insight into expected profitability and growth trajectory.
Historical earnings performance
Upcoming earnings report
Analyst estimates for upcoming periods
Key financial figures
Selected income statement, balance sheet and cash flow figures. Annual and quarterly, based on reported IFRS/GAAP financials.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | 133.45B | 142.38B | 155.50B | 142.61B | 111.24B |
| Operating income (EBIT) | 9.87B | 11.59B | 18.49B | 13.98B | 13.44B |
| Net income | 7.29B | 7.29B | 11.29B | 17.94B | 12.38B |
| Free cash flow | -2.98B | -4.64B | 6.47B | 14.47B | 9.28B |
| Total assets | 278.35B | 267.73B | 250.89B | 246.93B | 229.53B |
| Equity | 95.70B | 92.31B | 92.92B | 91.29B | 75.13B |
| Net debt | 87.45B | 66.22B | 72.24B | 54.69B | 67.72B |
PWP Leeway UG (haftungsbeschränkt)
