Projected Income Statement: Mercedes-Benz Group AG

Forecast Balance Sheet: Mercedes-Benz Group AG

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 -10,997 -17,855 -21,005 -26,637 -31,659 -30,622 -32,152 -35,160
Change - -262.36% -217.64% -226.81% -218.85% -196.72% -205% -209.36%
Announcement Date 2/11/20 2/18/21 2/24/22 2/17/23 2/22/24 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Mercedes-Benz Group AG

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 10,406 5,741 7,320 7,763 8,213 8,539 8,787 8,726
Change - -44.83% 27.5% 6.05% 5.8% 3.97% 2.91% -0.69%
Free Cash Flow (FCF) 1 1,368 8,259 8,606 8,128 11,316 8,332 6,257 6,267
Change - 503.73% 4.2% -5.55% 39.22% -26.37% -24.9% 0.16%
Announcement Date 2/11/20 2/18/21 2/24/22 2/17/23 2/22/24 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Mercedes-Benz Group AG

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 6.99% 10.08% 21.46% 17.98% 17.18% 13.71% 13.08% 13.39%
EBIT Margin (%) 2.51% 4.28% 17.31% 13.64% 12.83% 9.03% 8.14% 8.44%
EBT Margin (%) 2.22% 4.11% 17.13% 13.53% 13.11% 9.5% 8.69% 9.24%
Net margin (%) 1.38% 2.33% 13.7% 9.67% 9.31% 6.86% 6.25% 6.69%
FCF margin (%) 0.79% 5.35% 5.12% 5.42% 7.39% 5.7% 4.32% 4.22%
FCF / Net Income (%) 57.55% 229.42% 37.41% 56.05% 79.35% 83.02% 69.04% 63.1%

Profitability

        
ROA 0.81% 1.67% 4.83% 5.58% 5.45% 6.93% 5.67% 6.21%
ROE 15.3% 9.8% 22.3% 18.43% 16.1% 10.81% 9.08% 9.53%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 6.02% 3.72% 4.36% 5.17% 5.36% 5.84% 6.06% 5.88%
CAPEX / EBITDA (%) 86.14% 36.9% 20.31% 28.77% 31.2% 42.59% 46.34% 43.91%
CAPEX / FCF (%) 760.67% 69.51% 85.06% 95.51% 72.58% 102.49% 140.42% 139.23%

Items per share

        
Cash flow per share 1 12.14 20.87 22.95 15.79 13.66 16.02 15.54 17.02
Change - 71.98% 9.93% -31.18% -13.52% 17.28% -2.96% 9.48%
Dividend per Share 1 0.9 1.35 5 5.2 5.3 4.366 4.021 4.271
Change - 50% 270.37% 4% 1.92% -17.63% -7.89% 6.21%
Book Value Per Share 1 57.33 56.73 67.26 79.84 86.61 94.3 100.1 106.7
Change - -1.05% 18.55% 18.71% 8.48% 8.88% 6.2% 6.53%
EPS 1 2.22 3.39 21.5 13.55 13.46 9.95 9.298 10.34
Change - 52.7% 534.22% -36.98% -0.66% -26.08% -6.54% 11.25%
Nbr of stocks (in thousands) 1,069,837 1,069,837 1,069,837 1,069,837 1,040,937 951,203 951,203 951,203
Announcement Date 2/11/20 2/18/21 2/24/22 2/17/23 2/22/24 - - -
1EUR
Estimates
2024 *2025 *
P/E ratio 6.16x 6.59x
PBR 0.65x 0.61x
EV / Sales 0.19x 0.18x
Yield 7.12% 6.56%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
A
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
23
Last Close Price
61.32EUR
Average target price
67.82EUR
Spread / Average Target
+10.60%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. MBG Stock
  4. Financials Mercedes-Benz Group AG