Mercedes-Benz Group Valuation

Q: What is the Fair Price of DAI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

DAI (CHF95) is trading below our estimate of [[fair value]] (CHF209.2)

Is DAI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DAI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DAI (CHF95) is trading below our estimate of fair value (CHF209.2)

Significantly Below Fair Value: DAI is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DAI?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for DAI. This is calculated by dividing DAI's market cap by their current preferred multiple.
What is DAI's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	€63.51b

DAI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1x
Enterprise Value/EBITDA	7.7x
PEG Ratio	-3.4x

Price to Earnings Ratio vs Peers

How does DAI's PE Ratio compare to its peers?

The above table shows the PE ratio for DAI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	6.8x
P911 Dr. Ing. h.c. F. Porsche	13.5x	9.1%	€63.3b
VOW3 Volkswagen	3.5x	5.2%	€54.8b
BMW Bayerische Motoren Werke	5.2x	0.6%	€55.6b
GM General Motors	5x	-3.8%	US$52.0b
DAI Mercedes-Benz Group	4.8x	-1.4%	CHF 63.5b

Price-To-Earnings vs Peers: DAI is good value based on its Price-To-Earnings Ratio (4.8x) compared to the peer average (6.8x).

Price to Earnings Ratio vs Industry

How does DAI's PE Ratio compare vs other companies in the Global Auto Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	2.6%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	2.6%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: DAI is good value based on its Price-To-Earnings Ratio (4.8x) compared to the Global Auto industry average (12.6x).

Price to Earnings Ratio vs Fair Ratio

What is DAI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DAI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	4.8x
Fair PE Ratio	11.6x

Price-To-Earnings vs Fair Ratio: DAI is good value based on its Price-To-Earnings Ratio (4.8x) compared to the estimated Fair Price-To-Earnings Ratio (11.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DAI forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CHF 95.00	CHF 84.20 -11.4%	17.7%	CHF 120.29	CHF 57.74	n/a	22
Jun ’25	CHF 95.00	CHF 86.66 -8.8%	17.6%	CHF 123.60	CHF 59.33	n/a	22
May ’25	CHF 95.00	CHF 85.32 -10.2%	18.2%	CHF 122.84	CHF 58.96	n/a	22
Apr ’25	CHF 95.00	CHF 82.94 -12.7%	18.5%	CHF 121.44	CHF 58.29	n/a	22
Mar ’25	CHF 95.00	CHF 79.88 -15.9%	19.6%	CHF 119.24	CHF 57.24	n/a	23
Feb ’25	CHF 95.00	CHF 73.60 -22.5%	21.2%	CHF 108.38	CHF 46.71	n/a	23
Jan ’25	CHF 95.00	CHF 75.45 -20.6%	21.9%	CHF 113.78	CHF 47.41	n/a	22
Dec ’24	CHF 95.00	CHF 78.09 -17.8%	20.9%	CHF 115.82	CHF 48.26	n/a	22
Nov ’24	CHF 95.00	CHF 80.16 -15.6%	19.3%	CHF 114.86	CHF 47.86	n/a	22
Oct ’24	CHF 95.00	CHF 87.30 -8.1%	14.6%	CHF 116.11	CHF 67.73	n/a	22
Sep ’24	CHF 95.00	CHF 86.48 -9.0%	14.0%	CHF 114.61	CHF 66.86	n/a	22
Aug ’24	CHF 95.00	CHF 88.96 -6.4%	12.8%	CHF 115.36	CHF 70.66	n/a	22
Jul ’24	CHF 95.00	CHF 89.58 -5.7%	12.0%	CHF 111.75	CHF 71.42	n/a	22
Jun ’24	CHF 95.00	CHF 89.58 -5.7%	12.0%	CHF 111.75	CHF 71.42	CHF 95.00	22
May ’24	CHF 95.00	CHF 89.86 -5.4%	11.7%	CHF 113.26	CHF 70.91	CHF 95.00	23
Apr ’24	CHF 95.00	CHF 91.38 -3.8%	13.3%	CHF 114.55	CHF 69.73	CHF 95.00	23
Mar ’24	CHF 53.64	CHF 88.81 +65.6%	13.1%	CHF 114.18	CHF 69.50	CHF 95.00	22
Feb ’24	CHF 95.00	CHF 86.08 -9.4%	14.1%	CHF 114.45	CHF 64.69	CHF 95.00	22
Jan ’24	CHF 95.00	CHF 83.68 -11.9%	14.6%	CHF 113.63	CHF 64.23	CHF 95.00	22
Dec ’23	CHF 95.00	CHF 83.45 -12.2%	14.7%	CHF 113.38	CHF 64.09	CHF 95.00	22
Nov ’23	CHF 95.00	CHF 82.86 -12.8%	15.2%	CHF 113.67	CHF 62.27	CHF 95.00	23
Oct ’23	CHF 95.00	CHF 85.48 -10.0%	13.7%	CHF 112.36	CHF 61.56	CHF 95.00	23
Sep ’23	CHF 95.00	CHF 85.48 -10.0%	13.7%	CHF 112.36	CHF 61.56	CHF 95.00	23
Aug ’23	CHF 95.00	CHF 85.09 -10.4%	13.7%	CHF 112.07	CHF 61.40	CHF 95.00	23
Jul ’23	CHF 95.00	CHF 91.03 -4.2%	11.4%	CHF 115.85	CHF 70.52	CHF 95.00	23
Jun ’23	CHF 95.00	CHF 93.24 -1.9%	11.5%	CHF 118.37	CHF 72.05	CHF 95.00	24

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.