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Mercedes-Benz Group AG MBG

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Stock XETR Rating as of
€62.87 +0.53 (0.85%)
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Company Report

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Narrow-Moat Mercedes-Benz Is a World Leader in Premium and Luxury Automobiles

Richard Hilgert

The highly regarded Mercedes-Benz brand is one of the top premium and luxury automobile names in the world. The firm is also a European leader in commercial vans. Even so, Mercedes faces stiff competition in all of its markets. The company operates in the cyclical, capital-intense, highly competitive passenger vehicle industry where changes in unit volume can create large swings in operating leverage, raw material commodity costs can be volatile, and unionized labor can be expensive.

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Price vs Fair Value

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MBG is trading at a 46% discount.
Price
€62.34
Fair Value
€584.00
Uncertainty
High
1-Star Price
€841.60
5-Star Price
€26.10
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Mercedes-Benz is a highly recognizable, well-respected global premium and luxury brand, which gives the company a modest buffer against the cyclical downturns of auto sales.

Bears

The global premium car market is highly competitive, and consumers can easily switch among brands.

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Trading Information

Previous Close Price
€62.34
Day Range
€62.11–63.11
52-Week Range
€55.08–76.10
Bid/Ask
€0.00 / €0.00
Market Cap
€67.26 Bil
Volume/Avg
2.9 Mil / 2.6 Mil

Key Statistics

Price/Earnings (Normalized)
4.47
Price/Sales
0.43
Dividend Yield
8.34%
Dividend Yield (Forward)
8.34%
Total Yield
8.34%

Company Profile

Based in Stuttgart, Germany, Mercedes-Benz Group makes premium and luxury passenger vehicles and commercial vans. Brands include Mercedes-Benz, AMG, and Maybach. Mercedes-Benz Mobility provides the company's dealers and its customers with vehicle financing as well as mobility services in ride hailing, car sharing, and charging. Mercedes owns 9.74% of Aston Martin and 9.55% of Beijing Automotive Group. Through Tenaciou3 Prospect Investment, Li Shufu, chair of Chinese automaker Geely, owns 9.69% of Mercedes-Benz. Other major shareholders include Beijing Automotive Group at 9.98% and Kuwait Investment Authority at 4.9% (6.8% before the sale of a 1.9% stake in March 2023).
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Stock Style Box
Large Value
Total Number of Employees
167,397
Website
https://www.daimler.com

Competitors

Valuation

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Metric
MBG
F
GM
Price/Earnings (Normalized)
 4.474.813.93
Price/Book Value
 0.731.020.63
Price/Sales
 0.430.250.27
Price/Cash Flow
 3.112.872.34
Price/Earnings
MBG
F
GM

Financial Strength

Metric
MBG
F
GM
Quick Ratio
 0.830.990.88
Current Ratio
 1.241.211.14
Interest Coverage
 62.151.5413.11
Quick Ratio
MBG
F
GM

Profitability

Metric
MBG
F
GM
Return on Assets (Normalized)
 5.98%2.60%4.42%
Return on Equity (Normalized)
 17.96%15.57%17.07%
Return on Invested Capital (Normalized)
 8.72%7.88%6.57%
Return on Assets
MBG
F
GM

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