Company Valuation: Mercedes-Benz Group AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 72,310 65,688 65,111 50,816 57,467 40,662 - -
Change - -9.16% -0.88% -21.95% 13.09% -29.24% - -
Enterprise Value (EV) 1 51,305 39,051 33,452 19,399 25,305 11,203 11,651 9,013
Change - -23.89% -14.34% -42.01% 30.45% -55.73% 4% -22.64%
P/E 3.14x 4.53x 4.65x 5.28x 11.2x 7.59x 6.01x 5.19x
PBR 1x 0.77x 0.72x 0.58x 0.62x 0.44x 0.42x 0.4x
PEG - -0.1x -7x -0.2x -0.2x 0.89x 0.2x 0.3x
Capitalization / Revenue 0.43x 0.44x 0.42x 0.35x 0.43x 0.31x 0.3x 0.29x
EV / Revenue 0.31x 0.26x 0.22x 0.13x 0.19x 0.08x 0.09x 0.06x
EV / EBITDA 1.42x 1.45x 1.27x 0.95x 1.94x 0.77x 0.7x 0.51x
EV / EBIT 1.76x 1.91x 1.7x 1.43x 4.35x 1.59x 1.31x 0.92x
EV / FCF 5.96x 4.8x 2.96x 2.12x 4.67x 2.58x 2.14x 1.45x
FCF Yield 16.8% 20.8% 33.8% 47.2% 21.4% 38.8% 46.8% 69.2%
Dividend per Share 2 5 5.2 5.3 4.3 3.5 3.284 3.54 3.908
Rate of return 7.4% 8.47% 8.47% 7.99% 5.83% 7.47% 8.05% 8.88%
EPS 2 21.5 13.55 13.46 10.19 5.34 5.795 7.32 8.469
Distribution rate 23.3% 38.4% 39.4% 42.2% 65.5% 56.7% 48.4% 46.1%
Net sales 1 167,971 150,017 153,218 145,594 132,214 131,895 136,005 139,205
EBITDA 1 36,049 26,979 26,323 20,371 13,043 14,624 16,601 17,767
EBIT 1 29,069 20,458 19,660 13,599 5,820 7,067 8,905 9,844
Net income 1 23,006 14,501 14,261 10,207 5,141 5,606 6,852 7,594
Net Debt 1 -21,005 -26,637 -31,659 -31,417 -32,162 -29,459 -29,011 -31,649
Reference price 2 67.59 61.40 62.55 53.80 60.07 43.99 43.99 43.99
Nbr of stocks (in thousands) 1,069,837 1,069,837 1,040,937 944,530 956,669 924,351 - -
Announcement Date 24/2/22 17/2/23 22/2/24 20/2/25 12/2/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
7.59x0.08x0.77x7.47% 46.49B
9.47x1.23x11.34x3.61% 207B
6.44x0.33x2.66x0.96% 70.19B
10.33x1.29x14.04x2.47% 69.85B
21.56x0.29x3.82x4.3% 55.79B
25x1.36x7.66x2.28% 47B
3.68x-0x-0.03x8.08% 41.14B
7.64x-0.07x-0.62x5.18% 40.35B
22.08x1.93x13.95x1.13% 36.67B
13.42x0.6x7.14x4.68% 36.04B
Average 12.72x 0.70x 6.07x 4.02% 65.05B
Weighted average by Cap. 11.71x 0.83x 7.48x 3.74%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Mercedes-Benz Group AG