Volkswagen AG (STU:VOW4) Net Income: €10,323 Mil (TTM As of Sep. 2019)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:VOW4 Volkswagen AG STU:VOW4
73 GF Score
Price €7.60
GF Value €9.58
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is Volkswagen AG Net Income?

Volkswagen AG STU:VOW4 -6.75% 73 Net Income is €10,323 Mil as of Sep. 2019. GuruFocus rates STU:VOW4 with a GF Score™ of 73/100 and a GF Value™ of €9.58 (Modestly Undervalued). The stock has 9 warning signs investors should review.

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Volkswagen AG's Net Income for the three months ended in Sep. 2019 was €2,929 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2019 was €10,323 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Volkswagen AG's Earnings per Share (Diluted) for the three months ended in Sep. 2019 was €1.17.


Volkswagen AG  (STU:VOW4) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Volkswagen AG's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2019 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Volkswagen AG Net Income Related Terms


Volkswagen AG Net Income Historical Data

* Premium members only.

The historical data trend for Volkswagen AG's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Volkswagen AG Net Income Chart

Volkswagen AG Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,996.00 -5,758.00 1,872.00 7,971.00 8,767.00

Volkswagen AG Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Dec18 Mar19 Jun19 Sep19
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,458.00 1,849.00 2,238.00 3,307.00 2,929.00
STU:VOW4
73GF Score
Volkswagen AG STU:VOW4
Net Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Volkswagen AG Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Volkswagen AG's Net Income for the fiscal year that ended in Dec. 2018 is calculated as

Net Income(A: Dec. 2018 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=12274+-3490+0+-17
=8,767

Volkswagen AG's Net Income for the quarter that ended in Sep. 2019 is calculated as

Net Income(Q: Sep. 2019 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=4084+-1094+0+-61
=2,929

Net Income for the trailing twelve months (TTM) ended in Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was €10,323 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Net Income →
What does a Net Income of €10,323 Mil mean?
Volkswagen AG (STU:VOW4) has a Net Income of €10,323 Mil as of Sep. 2019. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Volkswagen AG and its competitors.
Is Volkswagen AG's Net Income too high?
Volkswagen AG's current Net Income is €10,323 Mil. Overall, Volkswagen AG has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Volkswagen AG's Net Income compare to TSLA and GM?
Volkswagen AG's Net Income of €10,323 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Income for a Vehicles & Parts company?
A good Net Income depends on the Vehicles & Parts industry context. However, Net Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Income mean?
A high Net Income can signal that a stock is expensive relative to its fundamentals. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Volkswagen AG and its competitors. Volkswagen AG's current Net Income is €10,323 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Volkswagen AG stock overvalued right now?
Based on GuruFocus' analysis, Volkswagen AG (STU:VOW4) is currently considered Modestly Undervalued. The stock's GF Value™ is €9.58, compared to a current price of €7.60 — trading 20.7% below its estimated fair value. The current Net Income is €10,323 Mil. Volkswagen AG's overall GF Score™ is 73/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Income calculated?
Net Income is calculated from a company's financial statements. For Volkswagen AG (STU:VOW4), the current Net Income is €10,323 Mil as of Sep. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Volkswagen AG (STU:VOW4) Overvalued in 2026?

Based on GuruFocus' analysis, Volkswagen AG stock appears to be undervalued. The current stock price of €7.60 is trading 20.7% below its estimated GF Value™ of €9.58. GuruFocus considers Volkswagen AG to be Modestly Undervalued.

Key valuation signals for STU:VOW4:

  • Net Income: €10,323 Mil
  • GF Value™: €9.58 vs. price of €7.60 (20.7% below fair value)
  • GF Score™: 73/100 with 9 warning signs

No single metric tells the full story. See the STU:VOW4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Volkswagen AG Business Description

Address Berliner Ring 2, Wolfsburg, NI, DEU, 38440
Volkswagen AG is a German multinational automotive manufacturer and one of the world's largest vehicle producers. The group operates through several brands organized into segments: Volume brands including Volkswagen Passenger Cars, Skoda, SEAT, and Volkswagen Commercial Vehicles; Premium brands comprising Audi, Bentley, Lamborghini, and Ducati; Sport Luxury represented by Porsche; and Traton, its commercial vehicles division encompassing MAN, Scania, Navistar, and Volkswagen Truck & Bus. Beyond vehicle manufacturing, Volkswagen operates financial services offering leasing, financing, and insurance, and invests in software through Cariad and battery production through PowerCo. The company sells passenger cars, light commercial vehicles, trucks, and buses to retail and fleet customers worldwide. Its largest markets are Europe, China, North America, and South America, with manufacturing and assembly operations across numerous countries. Revenue derives primarily from vehicle sales, supplemented by financial services, parts, and aftersales.
73GF Score

Get the complete analysis for STU:VOW4

Net Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€7.60
Price
€9.58
GF Value