Mercedes-Benz Group AG

WSE:MBG Stock Report

Market Cap: zł213.5b

Mercedes-Benz Group 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

  • 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 MBG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MBG (PLN223.05) is trading below our estimate of fair value (PLN685.98)

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

Key Valuation Metric

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

Key metric: As MBG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MBG. This is calculated by dividing MBG's market cap by their current earnings.
What is MBG's PE Ratio?
PE Ratio4.6x
Earnings€10.84b
Market Cap€50.15b

Price to Earnings Ratio vs Peers

How does MBG's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7x
P911 Dr. Ing. h.c. F. Porsche
13.3x11.3%€52.8b
BMW Bayerische Motoren Werke
5.9x3.3%€47.9b
GM General Motors
5.4x-10.6%US$58.8b
VOW3 Volkswagen
3.6x9.7%€44.3b
MBG Mercedes-Benz Group
4.6x1.0%zł50.1b

Price-To-Earnings vs Peers: MBG is good value based on its Price-To-Earnings Ratio (4.6x) compared to the peer average (7x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
MBG 4.6xIndustry Avg. 16.1xNo. of Companies14PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MBG is good value based on its Price-To-Earnings Ratio (4.6x) compared to the Global Auto industry average (16.1x).

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 Ratio4.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MBG's Price-To-Earnings Fair Ratio for valuation analysis.

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 MBG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł223.05
zł292.06
+30.9%
23.3%zł452.76zł192.21n/a22
Dec ’25zł223.15
zł303.94
+36.2%
20.9%zł456.16zł193.65n/a22
Nov ’25zł244.60
zł311.07
+27.2%
21.3%zł487.64zł195.93n/a22
Oct ’25zł242.55
zł316.26
+30.4%
21.4%zł476.53zł208.48n/a22
Sep ’25zł266.75
zł355.12
+33.1%
20.2%zł535.41zł235.58n/a22
Aug ’25zł258.00
zł357.99
+38.8%
20.2%zł536.49zł236.06n/a22
Jul ’25zł282.45
zł378.05
+33.8%
17.7%zł540.08zł259.24n/a22
Jun ’25zł284.95
zł372.61
+30.8%
17.6%zł531.47zł255.10n/a22
May ’25zł314.00
zł375.57
+19.6%
18.2%zł540.74zł259.55n/a22
Apr ’25zł315.90
zł366.71
+16.1%
18.5%zł536.98zł257.75n/a22
Mar ’25zł309.35
zł360.61
+16.6%
19.6%zł538.30zł258.38n/a23
Feb ’25zł273.85
zł342.54
+25.1%
21.2%zł504.36zł217.40n/a23
Jan ’25zł273.40
zł341.99
+25.1%
21.9%zł515.70zł214.88n/a22
Dec ’24zł259.20
zł353.39
+36.3%
20.9%zł524.13zł218.39zł223.1522
Nov ’24zł248.00
zł372.58
+50.2%
19.3%zł533.84zł222.43zł244.6022
Oct ’24zł307.20
zł415.67
+35.3%
14.6%zł552.83zł322.49zł242.5522
Sep ’24zł298.15
zł404.65
+35.7%
14.0%zł536.29zł312.83zł266.7522
Aug ’24n/a
zł411.55
0%
12.8%zł533.64zł326.86zł258.0022
Jul ’24zł321.20
zł418.11
+30.2%
12.0%zł521.60zł333.37zł282.4522
Jun ’24zł321.20
zł418.11
+30.2%
12.0%zł521.60zł333.37zł284.9522
May ’24zł317.00
zł418.45
+32.0%
11.7%zł527.43zł330.22zł314.0023
Apr ’24zł333.00
zł430.12
+29.2%
13.3%zł539.18zł328.20zł315.9023
Mar ’24zł342.95
zł421.76
+23.0%
13.1%zł542.20zł330.03zł309.3522
Feb ’24zł315.00
zł407.18
+29.3%
14.1%zł541.33zł305.97zł273.8522
Jan ’24zł289.25
zł396.71
+37.2%
14.6%zł538.68zł304.47zł273.4022
Dec ’23zł305.00
zł395.69
+29.7%
14.7%zł537.58zł303.85zł259.2022

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.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 19:28
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Mercedes-Benz Group AG is covered by 61 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hans-Peter WodniokAlphaValue
Gerhard SchwarzBaader Helvea Equity Research
null nullBanco de Sabadell. S.A.