MBG.DE

Mercedes-Benz Group AG

Mercedes-Benz Group AG operates as an automotive company in Europe, Germany, North America, the United States, Asia, China, and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Financial Services segments. The company develops, manufactures, and sells c… Mercedes-Benz Group AG operates as an automotive company in Europe, Germany, North America, the United States, Asia, China, and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Financial Services segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories. It also provides financing, leasing, vehicle subscription and rental, fleet management, insurance, and digital services related to charging electric vehicles. The company was formerly known as Daimler AG and changed its name to Mercedes-Benz Group AG in February 2022. Mercedes-Benz Group AG was founded in 1886 and is headquartered in Stuttgart, Germany.
Market price
EUR 41.55
Undervalued by 60.0%
Base value (EPS-based Gordon proxy) is 60.0% above the market price
Data: Price updated 06 Nov 2026 19:01; TTM through 30 Sep 2026, period ended 30 Sep 2026 from EODHD (downloaded 7 min ago). Last earnings: 27 Oct 2026
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Verdict

Looks undervalued

PriceEUR 41.55
Fair value range53.45–86.41base 66.48
Estimate reliabilityLow
5-year outlook–

5-year outlook: Not shown because confidence is low: Earnings-based DCF agrees.

Why: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.

Start with the price and fair value range, then review the data dates and assumptions below. Estimates are not predictions or investment advice.

EPS-based Gordon proxy

Market price below modeled range

Showing the EPS-based Gordon proxy you selected on the company card, using 2.17% growth, 3.1% terminal growth and 10.8% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.

Assumptions: growth 2.17%, discount rate 10.80%, terminal growth 3.10% (sector defaults). See a worked example.

Blended growth assumption: 2.2% (sector default 7.2%, own revenue history -4.1%, analyst revenue consensus 2.8%).

Analyst consensus expects revenue growth of 2.8% a year; the growth assumption used is 2.2%.

Adjust assumptions

Show the recommended model instead

Why this model: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.

Compare models
  • Recommended: Dividend discount model — EUR 50.91 (+22.5%)
  • EPS-based Gordon proxy — EUR 66.48 (+60.0%)
    Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
  • DCF (trailing free cash flow) — not applicable
    Not used: Cannot be computed: free cash flow is zero or negative.
  • FCFF (steady state) — not applicable
    Not used: Cannot be computed: free cash flow is zero or negative.
  • EV/EBITDA (12x) — EUR 93.04 (+123.9%)
    Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
  • Fade DCF (10-year growth fade) — not applicable
    Not used: Cannot be computed: free cash flow is zero or negative.
  • EV/Sales (Rule of 40) — EUR 266.00 (+540.2%)
    Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
Illustrative range / share EUR 53.45–86.41
Base scenario / share EUR 66.48
Margin of safety (share of value) Cheap even in the bear case
Bear EUR 53.4522.3%
Base EUR 66.4837.5%
Bull EUR 86.4151.9%

Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.

Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.

Price history and fair value

3 months price change: -11.74% · EUR 41.56 · Market data through 06 Nov 2026 ; dashed line is today’s model base value (EUR 66.48). The fair value is today’s estimate, not what the model said in the past.

Saved price history is current through 06 Nov 2026; last refreshed 06 Nov 2026 18:14 (50 minutes ago).

10 Aug 2026Range EUR 39.03 – 48.1006 Nov 2026

Latest news

Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.

More detail: quality, peers, price history, dividends and financials

Quality score: 54 / 100

Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.

Profitability5 of 5 years profitable20 / 20
Cash generationfree cash flow positive in 5 of 5 years20 / 20
Growthrevenue -3.9% a year4 / 20
Balance sheetnet debt 5.5x EBITDA0 / 20
MarginsEBITDA margin 11%10 / 20

Peers in Consumer Discretionary

Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.

CompanyPriceMargin of safetyP/EP/BYieldQuality
MBG.DE (this company) EUR 41.55 18.4% 7.4 0.4 10.3% 54
KGF.L Kingfisher plc GBP 3.75 44.8% 27.2 1.1 3.3% 74
BWY.L Bellway p.l.c. GBP 22.90 43.9% 13.9 0.8 3.1% 70
EXPE Expedia Group USD 272.48 41.7% 17.1 21.8 0.7% 100
INCH.L Inchcape plc GBP 6.39 37.5% 8.9 1.9 4.2% 80
ZAL.DE Zalando SE EUR 27.72 36.1% 109.4 2.6 – 80
DECK Deckers Brands USD 87.74 34.9% 11.2 5.1 – 100
CVNA Carvana USD 72.08 34.5% 9.5 3.7 – 87
LULU Lululemon Athletica USD 111.77 33.3% 8.9 2.6 – 100
Peer median 12.6 2.6

Dividends

Paid in the last 12 months: EUR 3.50 per share · yield 8.42% at the current price.

YearDividends per share
2026 (so far)3.500
20254.300
20245.270
20235.200
20225.000
20211.131
Sector Consumer Discretionary
Exchange Xetra
Currency EUR

Trailing 12-month financials

TTM through 30 Sep 2026 · quarterly EODHD data · data downloaded 06 Nov 2026 18:58

RevenueEUR 128,051,000,000
EBITDAEUR 13,751,000,000
EBITEUR 6,470,000,000
Net incomeEUR 5,376,000,000
Free cash flowEUR 4,826,000,000
Capital expendituresEUR 5,561,000,000
DebtEUR 96,860,000,000
CashEUR 20,914,000,000
Working capitalEUR 23,593,000,000
Shares outstanding957,330,201