Company Valuation: Mercedes-Benz Group AG

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 61,826 72,310 65,688 65,111 50,816 53,722 53,722 -
Change - 16.96% -9.16% -0.88% -21.95% 5.72% 0% -
Enterprise Value (EV) 1 43,971 51,305 39,051 33,452 19,399 22,041 22,629 20,920
Change - 16.68% -23.89% -14.34% -42.01% 13.62% 2.67% -7.55%
P/E ratio 17x 3.14x 4.53x 4.65x 5.28x 11.2x 9.42x 7.26x
PBR 1.02x 1x 0.77x 0.72x 0.58x 0.59x 0.57x 0.54x
PEG - 0x -0.1x -7x -0.2x -0.2x 0.6x 0.2x
Capitalization / Revenue 0.4x 0.43x 0.44x 0.42x 0.35x 0.43x 0.4x 0.39x
EV / Revenue 0.28x 0.31x 0.26x 0.22x 0.13x 0.17x 0.17x 0.15x
EV / EBITDA 2.83x 1.42x 1.45x 1.27x 0.95x 1.76x 1.56x 1.29x
EV / EBIT 6.66x 1.76x 1.91x 1.7x 1.43x 3.11x 3.11x 2.24x
EV / FCF 5.32x 5.96x 4.8x 2.96x 2.12x 3.91x 4.67x 3.41x
FCF Yield 18.8% 16.8% 20.8% 33.8% 47.2% 25.6% 21.4% 29.3%
Dividend per Share 2 1.35 5 5.2 5.3 4.3 2.282 3.288 3.555
Rate of return 2.34% 7.4% 8.47% 8.47% 7.99% 4.04% 5.82% 6.29%
EPS 2 3.39 21.5 13.55 13.46 10.19 5.34 6.002 7.78
Distribution rate 39.8% 23.3% 38.4% 39.4% 42.2% 43.9% 54.8% 45.7%
Net sales 1 154,309 167,971 150,017 153,218 145,594 132,214 133,287 137,489
EBITDA 1 15,560 36,049 26,979 26,323 20,371 12,501 14,519 16,214
EBIT 1 6,603 29,069 20,458 19,660 13,599 5,820 7,286 9,347
Net income 1 3,600 23,006 14,501 14,261 10,207 5,141 5,780 7,225
Net Debt 1 -17,855 -21,005 -26,637 -31,659 -31,417 -31,681 -31,093 -32,802
Reference price 2 57.79 67.59 61.40 62.55 53.80 56.52 56.52 56.52
Nbr of stocks (in thousands) 1,069,837 1,069,837 1,069,837 1,040,937 944,530 950,502 950,502 -
Announcement Date 18/02/21 24/02/22 17/02/23 22/02/24 20/02/25 12/02/26 - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.87x0.17x1.76x4.04% 62.48B
12.09x1.52x13.53x2.75% 292B
11.09x1.3x13.89x2.35% 78.88B
6.55x0.32x2.6x0.93% 71.05B
7.67x0.04x0.28x4.73% 59.21B
8.74x0.04x0.39x4.69% 55.45B
35.65x0.27x3.92x4.7% 51.11B
25.27x2.38x16.29x0.89% 39.53B
13.04x0.53x8.63x4.91% 35.96B
10.28x0.6x4.45x2.26% 25.57B
Average 14.12x 0.72x 6.58x 3.22% 77.14B
Weighted average by Cap. 13.02x 0.94x 8.62x 3.05%

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