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Mercedes-Benz Group AG MBGAF

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Company Report

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

Krzysztof Smalec,

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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MBGAF is trading at a 694% premium.
Price
$70.61
Fair Value
$348.00
Uncertainty
High
1-Star Price
$758.94
5-Star Price
$17.80
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
—
Day Range
—–—
52-Week Range
—–—
Bid/Ask
— / —
Market Cap
—
Volume/Avg
— / —

Key Statistics

Price/Earnings (Normalized)
5.17
Price/Sales
0.45
Dividend Yield (Trailing)
8.10%
Dividend Yield (Forward)
8.10%
Total Yield
11.29%

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
166,056
Website
https://www.daimler.com

Competitors

Valuation

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Metric
MBGAF
TSLA
TM
Price/Earnings (Normalized)
 5.1792.658.09
Price/Book Value
 0.7312.531.22
Price/Sales
 0.459.310.89
Price/Cash Flow
 3.5061.444.89
Price/Earnings
No chart available

Financial Strength

Metric
MBGAF
TSLA
TM
Quick Ratio
 0.921.041.00
Current Ratio
 1.351.721.19
Interest Coverage
 31.2438.06101.57
Quick Ratio
No chart available

Profitability

Metric
MBGAF
TSLA
TM
Return on Assets (Normalized)
 5.21%9.74%6.15%
Return on Equity (Normalized)
 15.04%16.96%16.12%
Return on Invested Capital (Normalized)
 7.67%13.43%7.17%
Return on Assets
No chart available
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