Bayerische Motoren Werke Aktiengesellschaft
5-year stock timeline
Current price (XETRA): 73.72 (as of 2026-05-20). Here's a factual 5‑year timeline (2020–2026) for Bayerische Motoren Werke (BMW.XETRA) tracking events that moved the stock, how investor thinking evolved, and the key chart phases.
Major events (2020–2026)
The COVID demand shock and lockdowns of 2020 hit sales and earnings hard, prompting a sharp earnings decline and materially reduced payout as volumes fell. From 2021 into 2022, the global semiconductor shortage and supply‑chain constraints forced production adjustments; BMW responded by securing direct chip supply agreements to stabilise output. From 2023 onwards, BMW accelerated product and sustainability initiatives—battery recycling partnerships, large EV and Neue‑Klasse investments, volume and premium model updates—and executed planned senior leadership succession with Milan Nedeljković named to succeed Oliver Zipse as CEO effective 14 May 2026, timed to the Neue‑Klasse rollout.
How investor perception shifted
In 2020–2021 investors saw BMW as a cyclical luxury automaker facing a near‑term pandemic trough with recovery upside; dividends and booking strength helped shift sentiment toward an earnings recovery story by 2021–2022. During 2021–2022, the narrative moved to operational execution and supply‑risk management as chips and logistics dominated. By 2023–2026, the market narrative centered on BMW's product‑led transformation (Neue‑Klasse and EV scale), steady dividend policy, and R&D intensity, with some viewing the stock as a blend of growth optionality in EVs and a value play given conservative multiples.
Key technical phases
A deep March 2020 drawdown followed by recovery through 2020–2021 as markets rebounded from the pandemic low and earnings came back. Elevated volatility and range trading through 2021–2022 amid semiconductor disruptions and macro uncertainty produced sharp intrayear swings rather than sustained trends. From 2023 into early 2026, the chart showed periods of sideways to moderately bullish moves tied to product news, dividends and execution signals, capped by renewed focus on the Neue‑Klasse ramp and the May 2026 management transition.
Key risks and downside factors
BMW operates in the premium and electric-vehicle segments where it faces competition from Mercedes-Benz Group, Volkswagen Group, Toyota, Tesla, and Stellantis. The company navigates several material pressures: the accelerating transition to electric vehicles and software-centric platforms, persistent supply-chain vulnerabilities and commodity cost fluctuations, mounting competitive intensity from both established manufacturers and EV-native entrants, and regulatory or recall events that can meaningfully impact margins and production volumes.
- The shift toward EVs and software is moving faster than expected, and it's going to demand substantial capital investment alongside new ways of doing business. That pressure on returns is real, not theoretical.
- Supply-chain disruptions and raw-material volatility—chips, battery metals—can squeeze both margins and production timelines.
- Legacy automakers are expanding into EVs while dedicated EV makers press margins, creating a squeeze on both pricing and market share.
- Regulatory, emissions, safety, and recall risks across major markets carry real weight—fines, remediation costs, and reputational damage that can accumulate quickly.
Competitive landscape
BMW operates across both premium and mass-market segments, competing directly with Mercedes-Benz Group, Volkswagen Group, Toyota, Stellantis and Tesla. The company faces structural headwinds: automotive demand moves in cycles, supply chains remain fragile, EV adoption is accelerating faster than some competitors can respond, and software is becoming table stakes. Regulatory pressure on emissions continues to tighten. Meanwhile, commodity swings and currency moves create persistent margin pressure that's hard to hedge away cleanly.
| Company | Ticker |
|---|---|
| Mercedes-Benz Group AG | MBG.XETRA |
| Volkswagen AG (preference) | VOW3.XETRA |
| Stellantis N.V. | STLA.NYSE |
| Tesla, Inc. | TSLA.NASDAQ |
Private competitors
- Zhejiang Geely Holding Group
- BAIC Group (state-owned competitor in China)
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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 | -6.62% | -6.86% | -10.15% |
| 3M | -13.44% | -11.17% | -20.93% |
| 6M | -8.36% | -14.35% | -20.33% |
| 1Y | -1.68% | -3.51% | -26.86% |
| 3Y | -15.49% | -65.87% | -97.63% |
| 5Y | +19.56% | -38.99% | -69.77% |
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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 | 6.5 | 0.3 | 0.5 | 8.0 |
| 1Y ago | 7.3 | 0.3 | 0.5 | 5.8 |
| 3Y ago | 5.9 | 0.4 | 0.7 | 2.5 |
| 5Y ago | 9.2 | 0.5 | 0.9 | 3.3 |
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?
- The shift toward EVs and software is moving faster than expected, and it's going to demand substantial capital investment alongside new ways of doing business. That pressure on returns is real, not theoretical.
- Supply-chain disruptions and raw-material volatility—chips, battery metals—can squeeze both margins and production timelines.
- Legacy automakers are expanding into EVs while dedicated EV makers press margins, creating a squeeze on both pricing and market share.
- Regulatory, emissions, safety, and recall risks across major markets carry real weight—fines, remediation costs, and reputational damage that can accumulate quickly.
Who are the main competitors of Bayerische Motoren Werke Aktiengesellschaft?
- Mercedes-Benz Group AG (MBG.XETRA)
- Volkswagen AG (preference) (VOW3.XETRA)
- Stellantis N.V. (STLA.NYSE)
- 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)
