Financials Mercedes-Benz Group AG

Equities

MBG

DE0007100000

Auto & Truck Manufacturers

Market Closed - Xetra 11:38:57 2024-05-22 am EDT 5-day change 1st Jan Change
65.76 EUR -1.57% Intraday chart for Mercedes-Benz Group AG -5.15% +5.13%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 52,818 61,826 72,310 65,688 65,111 67,704 - -
Enterprise Value (EV) 1 41,821 43,971 51,305 39,051 33,452 35,627 33,358 29,644
P/E ratio 22.2 x 17 x 3.14 x 4.53 x 4.65 x 5.65 x 5.47 x 4.99 x
Yield 1.82% 2.34% 7.4% 8.47% 8.47% 7.48% 7.61% 7.94%
Capitalization / Revenue 0.31 x 0.4 x 0.43 x 0.44 x 0.42 x 0.44 x 0.43 x 0.42 x
EV / Revenue 0.24 x 0.28 x 0.31 x 0.26 x 0.22 x 0.23 x 0.21 x 0.19 x
EV / EBITDA 3.46 x 2.83 x 1.42 x 1.45 x 1.27 x 1.54 x 1.39 x 1.24 x
EV / FCF 30.6 x 5.32 x 5.96 x 4.8 x 5.35 x 3.67 x 4.09 x 3.17 x
FCF Yield 3.27% 18.8% 16.8% 20.8% 18.7% 27.3% 24.5% 31.5%
Price to Book 0.86 x 1.02 x 1 x 0.77 x 0.72 x 0.72 x 0.66 x 0.6 x
Nbr of stocks (in thousands) 1,069,837 1,069,837 1,069,837 1,069,837 1,040,937 1,029,565 - -
Reference price 2 49.37 57.79 67.59 61.40 62.55 65.76 65.76 65.76
Announcement Date 2/11/20 2/18/21 2/24/22 2/17/23 2/22/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 172,745 154,309 167,971 150,017 153,218 152,211 155,943 160,072
EBITDA 1 12,080 15,560 36,049 26,979 26,323 23,177 23,952 23,868
EBIT 1 4,329 6,603 29,069 20,458 19,660 16,703 16,909 18,129
Operating Margin 2.51% 4.28% 17.31% 13.64% 12.83% 10.97% 10.84% 11.33%
Earnings before Tax (EBT) 1 3,830 6,339 28,775 20,304 20,084 16,987 16,874 17,962
Net income 1 2,377 3,600 23,006 14,501 14,261 11,943 12,000 12,965
Net margin 1.38% 2.33% 13.7% 9.67% 9.31% 7.85% 7.7% 8.1%
EPS 2 2.220 3.390 21.50 13.55 13.46 11.65 12.02 13.17
Free Cash Flow 1 1,368 8,259 8,606 8,128 6,257 9,720 8,159 9,339
FCF margin 0.79% 5.35% 5.12% 5.42% 4.08% 6.39% 5.23% 5.83%
FCF Conversion (EBITDA) 11.32% 53.08% 23.87% 30.13% 23.77% 41.94% 34.07% 39.13%
FCF Conversion (Net income) 57.55% 229.42% 37.41% 56.05% 43.87% 81.39% 67.99% 72.03%
Dividend per Share 2 0.9000 1.350 5.000 5.200 5.300 4.917 5.005 5.219
Announcement Date 2/11/20 2/18/21 2/24/22 2/17/23 2/22/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1 2025 Q2
Net sales 1 84,499 43,389 34,858 36,440 71,298 37,716 41,003 37,516 38,241 75,757 37,200 40,261 35,873 37,617 72,900 38,019 39,863 80,850 - -
EBITDA - 16,156 6,840 6,237 - 6,884 - - - - - - - - - - - - - -
EBIT 1 10,933 14,557 5,229 4,622 9,851 5,196 5,411 5,504 4,988 10,492 4,842 4,326 3,863 4,187 7,533 4,379 4,599 9,059 - -
Operating Margin 12.94% 33.55% 15% 12.68% 13.82% 13.78% 13.2% 14.67% 13.04% 13.85% 13.02% 10.74% 10.77% 11.13% 10.33% 11.52% 11.54% 11.2% - -
Earnings before Tax (EBT) - 14,463 5,187 4,549 - 5,166 - 5,569 5,085 10,654 4,980 - 4,029 - - - - - - -
Net income 1 - 12,648 3,586 3,198 - 3,923 3,981 4,011 3,641 7,652 3,636 3,117 2,974 3,095 - 3,206 3,151 - - -
Net margin - 29.15% 10.29% 8.78% - 10.4% 9.71% 10.69% 9.52% 10.1% 9.77% 7.74% 8.29% 8.23% - 8.43% 7.91% - - -
EPS 2 - 11.82 3.260 2.910 6.170 3.660 3.720 3.690 3.340 - 3.440 2.990 2.860 2.905 - 3.008 2.958 - - -
Dividend per Share 2 - - - - - - - - - - - - - - - - 5.400 - - -
Announcement Date 7/21/21 2/24/22 4/27/22 7/27/22 7/27/22 10/26/22 2/17/23 4/28/23 7/26/23 7/26/23 10/26/23 2/22/24 4/30/24 - - - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 10,997 17,855 21,005 26,637 31,659 32,077 34,346 38,060
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,368 8,259 8,606 8,128 6,257 9,720 8,159 9,339
ROE (net income / shareholders' equity) 15.3% 9.8% 22.3% 18.4% 16.1% 12.7% 11.7% 11.6%
ROA (Net income/ Total Assets) 0.81% 1.67% 4.83% 5.58% 5.45% 6.69% 6.31% 7.91%
Assets 1 292,015 215,365 476,630 259,921 261,516 178,513 190,104 163,892
Book Value Per Share 2 57.30 56.70 67.30 79.80 86.60 91.70 99.40 109.0
Cash Flow per Share 2 12.10 20.90 22.90 15.80 13.70 18.00 18.00 19.90
Capex 1 10,406 5,741 7,320 7,763 8,213 8,908 9,275 9,441
Capex / Sales 6.02% 3.72% 4.36% 5.17% 5.36% 5.85% 5.95% 5.9%
Announcement Date 2/11/20 2/18/21 2/24/22 2/17/23 2/22/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
65.76 EUR
Average target price
87.5 EUR
Spread / Average Target
+33.06%
Consensus
  1. Stock Market
  2. Equities
  3. MBG Stock
  4. Financials Mercedes-Benz Group AG