Sixt Valuation Model

Investments
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This topics is centered around our Sixt valuation model.
A preliminary version of the valuation model can be found here.

Discuss ideas on how to improve it, which KPIs to track, and weaknesses or criticism that you are seeing.

Additionally, discuss concrete inputs and predictions and back up your take with supporting evidence of other forum topics or the Wiki.

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@Aron I tried to gather information about it here, but unfortunately quality information about this industry is very scarce. I will continue to look for credible sources or data, and post it in that channel.

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Following new insights during the Q2 earnings such as percentage of risk vehicles in different regions, cost-efficiency measures, demand and pricing trends, I have updated the 2024 estimates as follows;

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Headwinds considered in the update include;

  • 60 million euros increase in depreciation and amortization expense.
  • 55 million euros increase in other operating expenses.
  • 12 million euros increase in fleet expenses.
  • 2 million euros increase in financial result.

Tailwinds considered in the update include;

  • 55 million euros increase in revenue.
  • 22 million euros reduction in personal expenses.
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