Mercedes-Benz Group AG
MBG: XETR (DEU)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| ># | LOCK|dsj | LOCK|&XjQbpl |
Mercedes-Benz Earnings: China Joint Venture Impaired; Reduce Our Fair Value on Competitive Pricing
Mercedes-Benz has taken a large impairment on its Chinese joint venture. The 20% contraction in the Chinese market hit its full-year top-line growth, but it is constructive that the profitability outlook is unchanged on strong cost control and a strong financial services business.
