Financial analysis of SIXT SE

Bui Le Gia Huan

Bachelor's thesis

Abstract:

This bachelor’s thesis is inspired by the topic of financial analysis of SIXT SE, a German mobility services provider, for the purposes of understanding the financial situation between 2016 – 2020 and giving recommendations for the company management. The theoretical parts provide the essential knowledge about financial analysis in terms of definition, goals, sources and methods for approaching different dimension of corporate finance. The practical parts are the application of those methodologies to the case of SIXT SE based on the information collected from the company financial statements and external relevant sources. The outcome of this thesis dedicates a fluctuation of SIXT SE throughout the reported period in terms of financial health, especially the last year of 2020, due to strategic planning changes and the external factors of Covid-19. The reorganisation, along with the development of the integrated application, created different performed positions of components in all financial statements, particularly other income and investing cashflow in the first 04 years. Meanwhile, the situation in 2020 required the company to be more liquid by disposing a large amount of rental vehicles to convert to cash and similarities. As a result, the company is recommended to approach flexible and sustainable practises to manage its financial sources for an optimising and meaningful business in the future.

Abstract:

This bachelor’s thesis is inspired by the topic of financial analysis of SIXT SE, a German mobility services provider, for the purposes of understanding the financial situation between 2016 – 2020 and giving recommendations for the company management. The theoretical parts provide the essential knowledge about financial analysis in terms of definition, goals, sources and methods for approaching different dimension of corporate finance. The practical parts are the application of those methodologies to the case of SIXT SE based on the information collected from the company financial statements and external relevant sources. The outcome of this thesis dedicates a fluctuation of SIXT SE throughout the reported period in terms of financial health, especially the last year of 2020, due to strategic planning changes and the external factors of Covid-19. The reorganisation, along with the development of the integrated application, created different performed positions of components in all financial statements, particularly other income and investing cashflow in the first 04 years. Meanwhile, the situation in 2020 required the company to be more liquid by disposing a large amount of rental vehicles to convert to cash and similarities. As a result, the company is recommended to approach flexible and sustainable practises to manage its financial sources for an optimising and meaningful business in the future.

Keywords

financial statements, financial analysis, mobility industry, car rental, car-sharing, ride-hailing

Keywords

financial analysis, car rental, ride-hailing, car-sharing, financial statements, mobility industry

Language used: English

Date on which the thesis was submitted / produced: 14. 12. 2021

Thesis defence

• Date of defence: 1. 2. 2022
• Supervisor: Ondřej Machek
• Reader: Aleš Kubíček

Vysoká škola ekonomická v Praze

Bachelor programme:
Bachelor of Business Administration