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 51,013 46,780 - -
Change - 16.96% -9.16% -0.88% -21.65% -8.3% - -
Enterprise Value (EV) 1 43,971 51,305 39,051 33,452 19,596 15,442 13,757 10,598
Change - 16.68% -23.89% -14.34% -41.42% -21.2% -10.91% -22.96%
P/E ratio 17x 3.14x 4.53x 4.65x 5.28x 7.01x 6.21x 5.03x
PBR 1.02x 1x 0.77x 0.72x 0.58x 0.5x 0.47x 0.45x
PEG - 0x -0.1x -7x -0.2x -0.2x 0.5x 0.2x
Capitalization / Revenue 0.4x 0.43x 0.44x 0.42x 0.35x 0.33x 0.33x 0.32x
EV / Revenue 0.28x 0.31x 0.26x 0.22x 0.13x 0.11x 0.1x 0.07x
EV / EBITDA 2.83x 1.42x 1.45x 1.27x 0.96x 0.92x 0.78x 0.55x
EV / EBIT 6.66x 1.76x 1.91x 1.7x 1.44x 1.64x 1.27x 0.85x
EV / FCF 5.32x 5.96x 4.8x 2.96x 2.14x 2.66x 2.57x 1.58x
FCF Yield 18.8% 16.8% 20.8% 33.8% 46.7% 37.7% 38.9% 63.4%
Dividend per Share 2 1.35 5 5.2 5.3 4.3 3.175 3.39 3.975
Rate of return 2.34% 7.4% 8.47% 8.47% 7.99% 6.53% 6.97% 8.17%
EPS 2 3.39 21.5 13.55 13.46 10.19 6.938 7.83 9.677
Distribution rate 39.8% 23.3% 38.4% 39.4% 42.2% 45.8% 43.3% 41.1%
Net sales 1 154,309 167,971 150,017 153,218 145,594 140,884 141,804 146,307
EBITDA 1 15,560 36,049 26,979 26,323 20,371 16,712 17,718 19,431
EBIT 1 6,603 29,069 20,458 19,660 13,599 9,389 10,801 12,429
Net income 1 3,600 23,006 14,501 14,261 10,207 6,754 7,397 8,946
Net Debt 1 -17,855 -21,005 -26,637 -31,659 -31,417 -31,339 -33,023 -36,182
Reference price 2 57.79 67.59 61.40 62.55 53.80 48.63 48.63 48.63
Nbr of stocks (in thousands) 1,069,837 1,069,837 1,069,837 1,040,937 948,194 961,961 - -
Announcement Date 18/02/21 24/02/22 17/02/23 22/02/24 20/02/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.98x0.11x0.91x6.55% 53.46B
7.46x1.18x8.36x3.59% 226B
6.65x-0.02x-0.14x5.73% 50.74B
4.56x0.02x0.23x7% 50.31B
5.32x0.22x1.97x1.18% 46.24B
10.09x0.2x3.04x5.74% 41.48B
8.61x0.59x7.22x5.22% 40.74B
30.63x2.87x19.7x0.77% 39.72B
4.22x0.95x9.32x5.86% 32.76B
12.76x0.64x5.45x0.92% 28.49B
Average 9.73x 0.68x 5.61x 4.26% 60.98B
Weighted average by Cap. 8.79x 0.78x 6.06x 4.19%
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Year-on-year evolution of the PER

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