Professional
Added to YB: 2024-04-25
Pitch date: 2024-04-23
MBG.F [bullish]
Mercedes-Benz Group AG
-7.13%
current return
Author Info
No bio for this author
Company Info
Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments.
Market Cap
EUR 58.0B
Pitch Price
EUR 63.26
Price Target
N/A
Dividend
7.08%
EV/EBITDA
11.13
P/E
9.36
EV/Sales
1.02
Sector
Automobiles
Category
dividend
Third Avenue Value Fund Portfolio Holding: Mercedes-Benz Group AG
MBG.F: Mercedes-Benz reported strong 2023 results, ending with €32B net cash (industrial biz) vs €80B market cap. Heavily investing in EVs & ICEs while paying large dividends, still generates significant FCF. Overcapitalized balance sheet, mgmt to pay out ~100% industrial FCF via dividends & buybacks. Opportunity to repurchase shares at discount to book and ~5.5x trailing earnings.
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