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Daimler

WBAG:DAI
Snowflake Description

6 star dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DAI
WBAG
€63B
Market Cap
  1. Home
  2. AT
  3. Automobiles
Company description

Daimler AG, together its subsidiaries, develops and manufactures passenger cars, trucks, vans, and buses in Germany and internationally. The last earnings update was 62 days ago. More info.


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DAI Share Price and Events
7 Day Returns
6.9%
WBAG:DAI
6%
Europe Auto
3.4%
AT Market
1 Year Returns
-9.1%
WBAG:DAI
-11%
Europe Auto
-2%
AT Market
DAI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Daimler (DAI) 6.9% 12.2% 15.9% -9.1% - -
Europe Auto 6% 8.6% 10.9% -11% 11.6% -5.7%
AT Market 3.4% 6% 10.1% -2% 43.4% 29.5%
1 Year Return vs Industry and Market
  • DAI outperformed the Auto industry which returned -11% over the past year.
  • DAI underperformed the Market in Austria which returned -2% over the past year.
Price Volatility
DAI
Industry
5yr Volatility vs Market

Value

 Is Daimler undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Daimler to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Daimler.

WBAG:DAI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 23 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:DAI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6%
Auto Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.575 (1 + (1- 30%) (228.36%))
1.33
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.33
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.33 * 5.96%)
8.44%

Discounted Cash Flow Calculation for WBAG:DAI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Daimler is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:DAI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.44%)
2019 3,303.71 Analyst x9 3,046.63
2020 3,717.54 Analyst x13 3,161.48
2021 4,427.29 Analyst x7 3,472.08
2022 5,488.00 Analyst x2 3,969.02
2023 6,155.15 Est @ 12.16% 4,105.11
2024 6,688.33 Est @ 8.66% 4,113.59
2025 7,104.13 Est @ 6.22% 4,029.32
2026 7,424.15 Est @ 4.5% 3,883.15
2027 7,669.62 Est @ 3.31% 3,699.38
2028 7,858.86 Est @ 2.47% 3,495.68
Present value of next 10 years cash flows €36,975.43
WBAG:DAI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €7,858.86 × (1 + 0.51%) ÷ (8.44% – 0.51%)
€99,629.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €99,629.44 ÷ (1 + 8.44%)10
€44,315.94
WBAG:DAI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €36,975.43 + €44,315.94
€81,291.36
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €81,291.36 / 1,069.84
€75.98
WBAG:DAI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:DAI represents 0.99916x of XTRA:DAI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99916x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 75.98 x 0.99916
€75.92
Value per share (EUR) From above. €75.92
Current discount Discount to share price of €59.26
= -1 x (€59.26 - €75.92) / €75.92
21.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Daimler is available for.
Intrinsic value
22%
Share price is €59.26 vs Future cash flow value of €75.92
Current Discount Checks
For Daimler to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Daimler's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Daimler's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Daimler's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Daimler's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:DAI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €6.78
XTRA:DAI Share Price ** XTRA (2019-04-18) in EUR €59.31
Europe Auto Industry PE Ratio Median Figure of 17 Publicly-Listed Auto Companies 8.36x
Austria Market PE Ratio Median Figure of 51 Publicly-Listed Companies 14.73x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Daimler.

WBAG:DAI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:DAI Share Price ÷ EPS (both in EUR)

= 59.31 ÷ 6.78

8.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Daimler is overvalued based on earnings compared to the Europe Auto industry average.
  • Daimler is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does Daimler's expected growth come at a high price?
Raw Data
WBAG:DAI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts
5.4%per year
Europe Auto Industry PEG Ratio Median Figure of 10 Publicly-Listed Auto Companies 0.77x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

WBAG:DAI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.75x ÷ 5.4%

1.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Daimler is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Daimler's assets?
Raw Data
WBAG:DAI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €60.45
XTRA:DAI Share Price * XTRA (2019-04-18) in EUR €59.31
Europe Auto Industry PB Ratio Median Figure of 24 Publicly-Listed Auto Companies 1.22x
Austria Market PB Ratio Median Figure of 59 Publicly-Listed Companies 1.27x
WBAG:DAI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:DAI Share Price ÷ Book Value per Share (both in EUR)

= 59.31 ÷ 60.45

0.98x

* Primary Listing of Daimler.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Daimler is good value based on assets compared to the Europe Auto industry average.
X
Value checks
We assess Daimler's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto industry average (and greater than 0)? (1 check)
  5. Daimler has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Daimler expected to perform in the next 1 to 3 years based on estimates from 23 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Daimler expected to grow at an attractive rate?
  • Daimler's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Daimler's earnings growth is positive but not above the Austria market average.
  • Daimler's revenue growth is positive but not above the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:DAI Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:DAI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts 5.4%
WBAG:DAI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 23 Analysts 2.1%
Europe Auto Industry Earnings Growth Rate Market Cap Weighted Average 6.7%
Europe Auto Industry Revenue Growth Rate Market Cap Weighted Average 3%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:DAI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:DAI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 178,952 15,340 8,524 2
2021-12-31 179,789 14,857 8,845 14
2020-12-31 174,201 14,067 8,353 21
2019-12-31 171,546 13,873 8,299 23
WBAG:DAI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 167,362 343 7,249
2018-09-30 164,541 -6,297 9,066
2018-06-30 165,075 -3,209 9,523
2018-03-31 165,533 -2,879 10,241
2017-12-31 164,154 -1,652 10,278
2017-09-30 161,542 4,098 9,296
2017-06-30 159,394 3,606 9,745
2017-03-31 156,796 4,529 9,730
2016-12-31 153,261 3,711 8,526
2016-09-30 152,688 2,175 8,184
2016-06-30 151,367 1,842 7,974
2016-03-31 150,278 -432 7,814

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Daimler's earnings are expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).
  • Daimler's revenue is expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:DAI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below

All data from Daimler Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:DAI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 7.97 8.02 7.91 2.00
2021-12-31 8.14 10.03 7.08 14.00
2020-12-31 7.69 9.07 6.23 21.00
2019-12-31 7.62 8.37 6.57 23.00
WBAG:DAI Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 6.78
2018-09-30 8.47
2018-06-30 8.90
2018-03-31 9.57
2017-12-31 9.61
2017-09-30 8.69
2017-06-30 9.11
2017-03-31 9.10
2016-12-31 7.97
2016-09-30 7.65
2016-06-30 7.45
2016-03-31 7.30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Daimler is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Daimler's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Daimler has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Daimler performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Daimler's growth in the last year to its industry (Auto).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Daimler's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Daimler's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Daimler's 1-year earnings growth is negative, it can't be compared to the Europe Auto industry average.
Earnings and Revenue History
Daimler's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Daimler Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:DAI Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 167,362.00 7,249.00 15,379.00 6,581.00
2018-09-30 164,541.00 9,066.00 15,500.00 6,498.00
2018-06-30 165,075.00 9,523.00 15,227.00 6,370.00
2018-03-31 165,533.00 10,241.00 15,245.00 6,164.00
2017-12-31 164,154.00 10,278.00 15,234.00 5,938.00
2017-09-30 161,542.00 9,296.00 16,133.00 5,965.00
2017-06-30 159,394.00 9,745.00 14,917.00 5,616.00
2017-03-31 156,796.00 9,730.00 14,612.00 5,465.00
2016-12-31 153,261.00 8,526.00 14,385.00 5,255.00
2016-09-30 152,688.00 8,184.00 14,266.00 5,109.00
2016-06-30 151,367.00 7,974.00 14,090.00 4,943.00
2016-03-31 150,278.00 7,814.00 14,276.00 4,869.00
2015-12-31 149,467.00 8,424.00 14,387.00 4,757.00
2015-09-30 144,788.00 7,713.00 14,390.00 4,700.00
2015-06-30 140,634.00 8,063.00 14,566.00 4,695.00
2015-03-31 134,651.00 7,898.00 14,315.00 4,569.00
2014-12-31 129,872.00 6,962.00 14,067.00 4,519.00
2014-09-30 126,212.00 7,502.00 13,873.00 4,391.00
2014-06-30 123,189.00 6,603.00 13,632.00 4,285.00
2014-03-31 121,337.00 7,333.00 13,596.00 4,227.00
2013-12-31 117,982.00 6,842.00 13,538.00 4,192.00
2013-09-30 115,723.00 7,675.00 13,705.00 4,110.00
2013-06-30 114,196.00 6,974.00 13,732.00 4,141.00
2013-03-31 113,388.00 5,617.00 13,735.00 4,163.00
2012-12-31 114,297.00 6,428.00 13,689.00 4,160.00
2012-09-30 113,533.00 5,674.00 13,687.00 4,364.00
2012-06-30 111,368.00 5,825.00 13,503.00 4,342.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Daimler has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Daimler used its assets less efficiently than the Europe Auto industry average last year based on Return on Assets.
  • Daimler's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Daimler's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Daimler has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Daimler's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Daimler's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Daimler is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Daimler's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Daimler's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Daimler Company Filings, last reported 3 months ago.

WBAG:DAI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 66,053.00 144,902.00 21,161.00
2018-09-30 65,553.00 141,126.00 21,064.00
2018-06-30 64,196.00 137,130.00 21,247.00
2018-03-31 66,887.00 129,388.00 21,394.00
2017-12-31 65,159.00 127,124.00 18,408.00
2017-09-30 62,730.00 123,885.00 23,535.00
2017-06-30 60,677.00 119,500.00 18,663.00
2017-03-31 58,474.00 117,298.00 22,291.00
2016-12-31 59,133.00 117,686.00 18,248.00
2016-09-30 54,753.00 111,812.00 20,725.00
2016-06-30 52,291.00 110,586.00 20,365.00
2016-03-31 54,750.00 105,175.00 20,233.00
2015-12-31 54,624.00 101,142.00 15,367.00
2015-09-30 50,814.00 95,875.00 15,867.00
2015-06-30 49,425.00 94,428.00 13,831.00
2015-03-31 46,580.00 93,764.00 16,405.00
2014-12-31 44,584.00 86,689.00 13,491.00
2014-09-30 45,083.00 83,642.00 17,010.00
2014-06-30 42,720.00 81,453.00 14,078.00
2014-03-31 43,485.00 77,837.00 15,730.00
2013-12-31 43,363.00 77,738.00 15,142.00
2013-09-30 41,789.00 76,325.00 15,379.00
2013-06-30 40,072.00 78,395.00 16,134.00
2013-03-31 40,181.00 78,844.00 14,623.00
2012-12-31 39,330.00 76,251.00 13,719.00
2012-09-30 42,769.00 76,188.00 13,352.00
2012-06-30 41,801.00 72,538.00 11,882.00
  • Daimler's level of debt (219.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (179.3% vs 219.4% today).
  • Debt is not well covered by operating cash flow (0.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 24.2x coverage).
X
Financial health checks
We assess Daimler's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Daimler has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Daimler's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.48%
Current annual income from Daimler dividends. Estimated to be 5.37% next year.
If you bought €2,000 of Daimler shares you are expected to receive €110 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Daimler's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
  • Daimler's dividend is above the markets top 25% of dividend payers in Austria (4.62%).
Upcoming dividend payment

Purchase Daimler before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:DAI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
Europe Auto Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 4.2%
Austria Market Average Dividend Yield Market Cap Weighted Average of 49 Stocks 3.4%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:DAI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 3.25 2.00
2021-12-31 3.21 15.00
2020-12-31 3.15 21.00
2019-12-31 3.19 22.00
WBAG:DAI Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-15 3.250 6.140
2018-02-14 3.650 6.426
2018-02-01 3.650 5.158
2017-03-29 3.250 4.844
2016-02-18 3.250 5.098
2015-04-01 2.450 3.207
2014-04-09 2.250 3.292
2013-04-10 2.200 3.983
2012-04-04 2.200 5.552
2011-04-13 1.850 4.541
2010-10-28 0.000 0.000
2010-09-28 0.000 0.000
2010-07-27 0.000 0.000
2010-04-27 0.000 0.000
2010-02-18 0.000 0.000
2009-04-20 0.600 1.928

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Daimler's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Daimler's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Daimler afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Daimler has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Daimler's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dieter Zetsche
COMPENSATION €6,950,000
AGE 65
TENURE AS CEO 13.3 years
CEO Bio

Dr. Dieter E. Zetsche is a Partner at IncWell, LLC. Dr. Zetsche serves as the President of Daimler North America Corporation. He has been the Head of Mercedes-Benz Cars at Daimler AG since September 1, 2005. He has been the Chairman of the Management Board at Daimler AG since January 1, 2006 and has been its Member of Management Board since December 16, 1998. He served as Chief Executive Officer since January 1, 2006 and as an Interim Head of Daimler Trucks & Buses at Daimler AG from February 10, 2017 to March 1, 2017. He served as the President of Detroit Renaissance. He served as the Chief Executive Officer of Chrysler Motors LLC until August 5, 2007. He served as the Chairman of Chrysler Motors LLC until August 5, 2007. He served as a Director of Chrysler Motors LLC. He served as the President and Chief Executive Officer at Chrysler Group at Daimler AG from November 18, 2000 to September 1, 2005. He served as the Chief Operating Officer of Chrysler Group until January 1, 2006. He served as Member of the Board of Management of Chrysler Group since 2000. He joined the research department of Daimler-Benz AG in 1976 and served as an Assistant to the Development Manager in the Commercial Vehicles business unit 1981. Since 1984, as part of the Daimler-Benz Commercial Vehicles Management Development Team, he was responsible for the coordination of international development activities. Dr. Zetsche's previous positions includes: Member of the Board of Management of Commercial Vehicle Division at DaimlerChrysler AG since 1999 and as its Member of the Board of Management, Sales Division from 1998 to 1999. He served as a Member of the Board of Management, Sales Division of Daimler-Benz AG since 1997. He served as Senior Manager and Chief Engineer of Cross-Country Vehicle Unit at Daimler-Benz AG since 1986, Coordinator, Commercial Vehicle Development Activities since 1984, Assistant to Chief Engineer, Commercial Vehicle Division since 1981 and in Research Division since 1976. He served as a Member of the Board at Management of Sales Division at Mercedes-Benz AG from 1995 to 1997. He served as a Deputy Member of Board of Management at Mercedes-Benz AG and Chief Engineer of Development Division in the Passenger Cars Business Unit since 1992 and as President of Freightliner Corp., since 1991 and Mercedes-Benz Argentina since 1989. He served as a Member of Management of Mercedes-Benz do Brazil since 1988 and Head of the Development Department and Chief Engineer since 1987. He served as Chairman of the Board and Member of Management of Chrysler LLC. He serves as the Chairman of Mercedes-Benz USA LLC. He has been a Director of Detroit Diesel Corporation since January 2000. He serves as a Member of a number of supervisory and advisory boards including, Beijing Jeep Corporation, Ltd., and Freightliner LLC. He also serves as Member of the Supervisory Boards of debis AG, Deutsche BP, Hamburg and DEKRA, Stuttgart. He has been Member of Supervisory Board of TUI AG since February 13, 2018. He served as the Chairman and Member of the Board of Management at Old Carco LLC. He served as a Member of the Supervisory Board of RWE AG since July 16, 2009 until April 20, 2016. He served as a Member of the European Advisory Board of Deutsche Bank AG. He served as a Director of Business Leaders for Michigan. Dr. Zetsche completed a Doctorate in Engineering in 1982 at the Technical University of Paderborn. He studied in Frankfurt and obtained the Abitur university entrance examination, he studied Electrical Engineering from 1971 to 1976 at the University of Karlsruhe and graduated as an Engineer.

CEO Compensation
  • Dieter's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Insufficient data for Dieter to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Daimler management team in years:

5.3
Average Tenure
58
Average Age
  • The average tenure for the Daimler management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dieter Zetsche

TITLE
Chairman of Management Board & Head of Mercedes-Benz Cars
COMPENSATION
€7M
AGE
65
TENURE
13.3 yrs

Bodo Uebber

TITLE
Member of Management Board
COMPENSATION
€4M
AGE
58
TENURE
15.3 yrs

Wilfried Porth

TITLE
Director of Human Resources & Labor Relations and Member of Management Board
COMPENSATION
€3M
AGE
59
TENURE
10 yrs

Renata Brüngger

TITLE
Head of Integrity & Legal Affairs and Member of Management Board
COMPENSATION
€3M
AGE
57
TENURE
3.3 yrs

Hubertus Troska

TITLE
Member of Management Board
COMPENSATION
€3M
AGE
58
TENURE
6.3 yrs

Ola Källenius

TITLE
Head of Group Research & Mercedes-Benz Cars Development and Member of Management Board
COMPENSATION
€3M
AGE
49
TENURE
4.3 yrs

Britta Seeger

TITLE
Head of Mercedes-Benz Cars Marketing & Sales and Member of Management Board
COMPENSATION
€3M
AGE
49
TENURE
2.3 yrs

Martin Daum

TITLE
Head of the Daimler Trucks & Buses Divisions and Member of the Board of Management
COMPENSATION
€3M
AGE
59
TENURE
2.1 yrs

Harald Wilhelm

TITLE
CFO & Member of the Management Board
AGE
52

Björn Scheib

TITLE
Head of Investor Relations & VP
Board of Directors Tenure

Average tenure and age of the Daimler board of directors in years:

9
Average Tenure
63
Average Age
  • The tenure for the Daimler board of directors is about average.
Board of Directors

Manfred Bischoff

TITLE
Chairman of Supervisory Board
AGE
76
TENURE
12.3 yrs

Michael Brecht

TITLE
Deputy Chairman of Supervisory Board
AGE
53
TENURE
4.9 yrs

Clemens A. Börsig

TITLE
Member of Supervisory Board
AGE
70
TENURE
12 yrs

Jürgen Hambrecht

TITLE
Member of Supervisory Board
AGE
72
TENURE
11.2 yrs

Sari Baldauf

TITLE
Member of Supervisory Board
AGE
63
TENURE
11.2 yrs

Paul M. Achleitner

TITLE
Member of Supervisory Board
AGE
62
TENURE
9 yrs

Petraea Heynike

TITLE
Member of Supervisory Board
AGE
71
TENURE
8 yrs

Elke Tönjes-Werner

TITLE
Employee Representative Member of Supervisory Board
AGE
55
TENURE
6 yrs

Frank Weber

TITLE
Employee Representative Member of Supervisory Board
AGE
57
TENURE
6 yrs

Kai Bussmann

TITLE
Member of Advisory Board
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Daimler's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Daimler has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Daimler AG, together its subsidiaries, develops and manufactures passenger cars, trucks, vans, and buses in Germany and internationally. It operates through Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services divisions. The Mercedes-Benz Cars division offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the Mercedes me and smart brands, as well as electric mobility products under the EQ brand. The Daimler Trucks division distributes its trucks and special vehicles under the Mercedes-Benz, Freightliner, Western Star, FUSO, and BharatBenz brands; and buses under the Thomas Built Buses and FUSO brands. The Mercedes-Benz Vans division supplies vans and related services under the MercedesBenz and Freightliner brands. The Daimler Buses division sells completely built-up buses under the MercedesBenz and Setra brands, as well as produces and sells bus chassis. The Daimler Financial Services division offers tailored financing and leasing packages for end-customers and dealers; and automotive insurance brokerage, banking, and fleet management services, as well as mobility services primarily under the Athlon, moovel, mytaxi, and car2go brands. The company also sells vehicle related spare parts and accessories. Daimler AG was founded in 1886 and is headquartered in Stuttgart, Germany.

Details
Name: Daimler AG
DAI
Exchange: WBAG
Founded: 1886
€63,452,058,981
1,069,837,447
Website: http://www.daimler.com
Address: Daimler AG
Mercedesstrasse 137,
Stuttgart,
Baden-Württemberg, 70327,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA DAI Registered Shares XETRA Trading Platform DE EUR 26. Oct 1998
OTCPK DDAI.F Registered Shares Pink Sheets LLC US USD 26. Oct 1998
DB DAI Registered Shares Deutsche Boerse AG DE EUR 26. Oct 1998
LSE 0NXX Registered Shares London Stock Exchange GB EUR 26. Oct 1998
SWX DAI Registered Shares SIX Swiss Exchange CH CHF 26. Oct 1998
BIT DAI Registered Shares Borsa Italiana IT EUR 26. Oct 1998
WBAG DAI Registered Shares Wiener Boerse AG AT EUR 26. Oct 1998
BUSE DAIMLER Registered Shares Budapest Stock Exchange HU HUF 26. Oct 1998
BMV DAI N Registered Shares Bolsa Mexicana de Valores MX MXN 26. Oct 1998
BATS-CHIXE DAID Registered Shares BATS 'Chi-X Europe' GB EUR 26. Oct 1998
OTCPK DMLR.Y UNSPONSOR ADR Pink Sheets LLC US USD 06. Jan 2017
Number of employees
Current staff
Staff numbers
298,683
Daimler employees.
Industry
Automobile Manufacturers
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 20:54
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.