Skip to Content

Siemens AG SIE Stock Quote

| Rating as of


Morningstar‘s Stock Analysis SIE

Currency in EUR
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


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.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics SIE

Company Profile SIE

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.

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