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1. Company Snapshot

1.a. Company Description

Sixt SE, through its subsidiaries, provides mobility services for private and business customers in Germany and internationally.The company engages in the rental of various utility vehicles; and provision of international holiday vehicle rental, car sharing, transfer, and car subscription services.As of December 31, 2021, its corporate and franchise station network comprised approximately 900 stations.


The company was founded in 1912 and is headquartered in Pullach, Germany.Sixt SE is a subsidiary of Erich Sixt Vermögensverwaltung GmbH.

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1.b. Last Insights on SIX2

Sixt SE's recent performance was driven by strategic expansions and innovative offerings. The company launched SIXT ONE, a rewards program in the US, tailored to American travelers' preferences for premium perks and personalized experiences. Additionally, SIXT expanded its presence in New York City with new branches in Chelsea and the Upper East Side, and in California with a new opening at Palm Springs International Airport. A unique partnership with the Los Angeles Lakers also enhanced its brand visibility. These moves demonstrate SIXT's commitment to delivering high-quality mobility solutions.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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SIXT Expands New York City Footprint With Chelsea and Upper East Side Locations

Apr -23

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SIXT Expands California Footprint with New Opening at Palm Springs International Airport

Mar -09

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SIXT Debuts SIXT ONE in the U.S. – A New Rewards Program Offering Premium Perks for Frequent Customers

Mar -05

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SIXT Unveils Starting Five Los Angeles Lakers Wrapped Vehicles

Feb -25

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Saudi Arabia Car Rental and Leasing Market 2026-2031 Featuring Profiles of Hertz Corp., Sixt SE, Avis Budget Group, Strong Rent a Car, Auto Rent and Other Key Competitors

Jan -20

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SIXT Expands U.S. Airport Network with New Branches at Tulsa and Reno-Tahoe International Airports

Dec -22

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Sixt's (ETR:SIX2) Solid Profits Have Weak Fundamentals

Nov -21

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A Look At The Intrinsic Value Of Sixt SE (ETR:SIX2)

Nov -15

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (5.00%)

6. Segments

Mobility

Expected Growth: 5%

Sixt SE's Mobility segment growth is driven by increasing demand for car-sharing and subscription services, expansion into new markets, strategic partnerships, and investments in digitalization and electrification of its fleet. Additionally, the company's focus on customer experience, flexible rental options, and competitive pricing contribute to its growth momentum.

Other

Expected Growth: 7%

Sixt SE's 'Other' segment growth is driven by increasing demand for its digital mobility services, expansion of its ride-hailing and car-sharing platforms, and strategic partnerships with key players in the mobility industry. Additionally, the company's focus on electrification of its fleet and investments in digitalization are contributing to its growth momentum.

7. Detailed Products

Car Rental

Sixt offers a wide range of cars for rent, from economy to luxury, for both short and long-term periods.

Car Sharing

Sixt's car sharing service provides 24/7 access to a fleet of cars, with flexible rental periods and affordable rates.

Van and Truck Rental

Sixt offers a variety of vans and trucks for rent, suitable for moving, hauling, or transporting large items.

Luxury Car Rental

Sixt's luxury car rental service offers high-end vehicles from premium brands, perfect for special occasions or business events.

Chauffeur Services

Sixt's chauffeur services provide professional drivers and luxury vehicles for events, airport transfers, or point-to-point transportation.

Car Subscription

Sixt's car subscription service offers flexible, all-inclusive car usage, with no long-term commitment.

8. Sixt SE's Porter Forces

Forces Ranking

Threat Of Substitutes

Sixt SE operates in a highly competitive market, and customers have various alternatives to choose from. However, the company's strong brand reputation and wide range of services help to mitigate the threat of substitutes.

Bargaining Power Of Customers

Sixt SE's customers have a high bargaining power due to the availability of alternative service providers. The company needs to focus on customer retention and loyalty programs to maintain its market share.

Bargaining Power Of Suppliers

Sixt SE has a diverse supplier base, which reduces the bargaining power of individual suppliers. The company's strong relationships with suppliers also help to mitigate any potential risks.

Threat Of New Entrants

The threat of new entrants in the car rental market is moderate, as it requires significant investment in infrastructure and technology. However, new entrants can still disrupt the market with innovative business models.

Intensity Of Rivalry

The car rental market is highly competitive, with several established players competing for market share. Sixt SE needs to focus on differentiating its services and maintaining its competitive edge to succeed in this environment.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 58.38%
Debt Cost 4.71%
Equity Weight 41.62%
Equity Cost 13.74%
WACC 8.47%
Leverage 140.27%

11. Quality Control: Sixt SE passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Österreichische Post

A-Score: 6.8/10

Value: 7.2

Growth: 3.2

Quality: 6.1

Yield: 8.8

Momentum: 5.5

Volatility: 10.0

1-Year Total Return ->

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Sixt

A-Score: 5.9/10

Value: 7.2

Growth: 7.4

Quality: 4.8

Yield: 5.6

Momentum: 5.0

Volatility: 5.0

1-Year Total Return ->

Stock-Card
FCC

A-Score: 5.7/10

Value: 6.0

Growth: 2.7

Quality: 3.5

Yield: 7.5

Momentum: 7.0

Volatility: 7.3

1-Year Total Return ->

Stock-Card
Ipsos

A-Score: 5.6/10

Value: 7.9

Growth: 5.3

Quality: 6.7

Yield: 6.2

Momentum: 1.0

Volatility: 6.7

1-Year Total Return ->

Stock-Card
Webuild

A-Score: 5.5/10

Value: 6.8

Growth: 6.3

Quality: 3.0

Yield: 5.0

Momentum: 7.0

Volatility: 5.0

1-Year Total Return ->

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ALD

A-Score: 5.0/10

Value: 7.1

Growth: 4.6

Quality: 1.9

Yield: 10.0

Momentum: 4.0

Volatility: 2.3

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

67.95$

Current Price

67.95$

Potential

-0.00%

Expected Cash-Flows