company background image
MBG

Mercedes-Benz Group XTRA:MBG Stock Report

Last Price

€58.56

Market Cap

€62.6b

7D

-5.4%

1Y

-24.7%

Updated

25 Jun, 2022

Data

Company Financials +
MBG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance3/6
Financial Health4/6
Dividends5/6

MBG Stock Overview

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally.

Mercedes-Benz Group Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Mercedes-Benz Group
Historical stock prices
Current Share Price€58.56
52 Week High€91.63
52 Week Low€54.67
Beta1.35
1 Month Change-10.18%
3 Month Change-7.36%
1 Year Change-24.70%
3 Year Change19.69%
5 Year Change-7.59%
Change since IPO-12.71%

Recent News & Updates

May 13
Is Mercedes-Benz Group AG (ETR:MBG) Potentially Undervalued?

Is Mercedes-Benz Group AG (ETR:MBG) Potentially Undervalued?

Today we're going to take a look at the well-established Mercedes-Benz Group AG ( ETR:MBG ). The company's stock saw a...

Shareholder Returns

MBGDE AutoDE Market
7D-5.4%-3.4%-0.1%
1Y-24.7%-28.9%-22.0%

Return vs Industry: MBG exceeded the German Auto industry which returned -28.9% over the past year.

Return vs Market: MBG underperformed the German Market which returned -22% over the past year.

Price Volatility

Is MBG's price volatile compared to industry and market?
MBG volatility
MBG Average Weekly Movement4.9%
Auto Industry Average Movement4.8%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.0%
10% least volatile stocks in DE Market2.8%

Stable Share Price: MBG is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MBG's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1886172,425Ola Kalleniushttps://group.mercedes-benz.com

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. The company develops, manufactures, and sells passenger cars comprising premium and luxury vehicles of the Mercedes-Benz brand, including the Mercedes-AMG, G-Class, Mercedes-Maybach, and Mercedes-EQ brands, as well as small cars under the smart brand; ecosystem of Mercedes-Benz under the Mercedes me brand; and vans under the Mercedes-Benz and Freightliner brands, as well as related spare parts and accessories. It also provides financing and leasing packages for end-customers and dealers; automotive insurance brokerage and banking services; car subscription and car rental, and fleet management, as well as digital services for charging and payment; and mobility services.

Mercedes-Benz Group Fundamentals Summary

How do Mercedes-Benz Group's earnings and revenue compare to its market cap?
MBG fundamental statistics
Market Cap€62.65b
Earnings (TTM)€10.76b
Revenue (TTM)€135.87b

5.8x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MBG income statement (TTM)
Revenue€135.87b
Cost of Revenue€81.58b
Gross Profit€29.80b
Other Expenses€19.03b
Earnings€10.76b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 27, 2022

Earnings per share (EPS)10.06
Gross Margin21.93%
Net Profit Margin7.92%
Debt/Equity Ratio150.8%

How did MBG perform over the long term?

See historical performance and comparison

Dividends

8.5%

Current Dividend Yield

50%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MBG 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/Revenue1.2x
Enterprise Value/EBITDA7.8x
PEG Ratio1.7x

Price to Earnings Ratio vs Peers

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

MBG PE Ratio vs Peers
The above table shows the PE ratio for MBG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.9x

Price-To-Earnings vs Peers: MBG is good value based on its Price-To-Earnings Ratio (5.8x) compared to the peer average (6.9x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: MBG is expensive based on its Price-To-Earnings Ratio (5.8x) compared to the German Auto industry average (4.8x)


Price to Earnings Ratio vs Fair Ratio

What is MBG'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.

MBG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.8x
Fair PE Ratio12.8x

Price-To-Earnings vs Fair Ratio: MBG is good value based on its Price-To-Earnings Ratio (5.8x) compared to the estimated Fair Price-To-Earnings Ratio (12.8x).


Share Price vs Fair Value

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

Below Fair Value: MBG (€58.56) is trading below our estimate of fair value (€119.39)

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


Price to Earnings Growth Ratio

PEG Ratio: MBG is poor value based on its PEG Ratio (1.7x)


Discover undervalued companies

Future Growth

How is Mercedes-Benz Group forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MBG's forecast earnings growth (3.4% per year) is above the savings rate (-0.05%).

Earnings vs Market: MBG's earnings (3.4% per year) are forecast to grow slower than the German market (8.3% per year).

High Growth Earnings: MBG's earnings are forecast to grow, but not significantly.

Revenue vs Market: MBG's revenue (5.1% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: MBG's revenue (5.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MBG's Return on Equity is forecast to be low in 3 years time (13.6%).


Discover growth companies

Past Performance

How has Mercedes-Benz Group performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-5.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MBG has high quality earnings.

Growing Profit Margin: MBG's current net profit margins (7.9%) are higher than last year (5.9%).


Past Earnings Growth Analysis

Earnings Trend: MBG's earnings have declined by 5.3% per year over the past 5 years.

Accelerating Growth: MBG's earnings growth over the past year (55%) exceeds its 5-year average (-5.3% per year).

Earnings vs Industry: MBG earnings growth over the past year (55%) underperformed the Auto industry 58.6%.


Return on Equity

High ROE: MBG's Return on Equity (14.2%) is considered low.


Discover strong past performing companies

Financial Health

How is Mercedes-Benz Group's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MBG's short term assets (€101.5B) exceed its short term liabilities (€90.1B).

Long Term Liabilities: MBG's short term assets (€101.5B) exceed its long term liabilities (€89.5B).


Debt to Equity History and Analysis

Debt Level: MBG's net debt to equity ratio (125.1%) is considered high.

Reducing Debt: MBG's debt to equity ratio has reduced from 200.6% to 150.8% over the past 5 years.

Debt Coverage: MBG's debt is not well covered by operating cash flow (19.1%).

Interest Coverage: MBG's interest payments on its debt are well covered by EBIT (104.5x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Mercedes-Benz Group current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


8.54%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MBG's dividend (8.54%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: MBG's dividend (8.54%) is in the top 25% of dividend payers in the German market (4.53%)


Stability and Growth of Payments

Stable Dividend: MBG's dividend payments have been volatile in the past 10 years.

Growing Dividend: MBG's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (49.7%), MBG's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (34%), MBG's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Ola Kallenius (52 yo)

7.42yrs

Tenure

€6,142,000

Compensation

Mr. Ola Kallenius serves as Non-Executive Director of Sandown Motor Holdings (Pty) Ltd. He has been Chairman of the Board of Management and Chief Executive Officer of Mercedes-Benz Group AG (formerly known...


CEO Compensation Analysis

Compensation vs Market: Ola's total compensation ($USD6.48M) is about average for companies of similar size in the German market ($USD5.63M).

Compensation vs Earnings: Ola's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MBG's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: MBG's board of directors are considered experienced (9.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mercedes-Benz Group AG's employee growth, exchange listings and data sources


Key Information

  • Name: Mercedes-Benz Group AG
  • Ticker: MBG
  • Exchange: XTRA
  • Founded: 1886
  • Industry: Automobile Manufacturers
  • Sector: Automobiles
  • Implied Market Cap: €62.650b
  • Shares outstanding: 1.07b
  • Website: https://group.mercedes-benz.com

Number of Employees


Location

  • Mercedes-Benz Group AG
  • Mercedesstrasse 120
  • Stuttgart
  • Baden-Württemberg
  • 70372
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.