- Mercedes predicts a 10% to 12% adjusted return on sales (ROS) for their 2024 car models, with an estimated average of 11.3%.
- The adjusted ROS for vans is expected to be between 12% and 14%, with an estimate of 13.4%.
- Mercedes’ fourth quarter results show an adjusted Ebit of EU4.46 billion, a 12% decrease year on year.
- The same period saw cars’ adjusted Ebit at EU2.97 billion, a 27% decrease year on year.
- Vans’ adjusted Ebit was EU809 million, a 61% increase year on year.
- Mobility’s adjusted Ebit was EU345 million, a 30% decrease year on year.
- Sales in the fourth quarter amounted to EU40.26 billion, a 1.8% decrease year on year.
- Car sales were EU29.57 billion, a 3.2% decrease year on year.
- Vans sales were EU5.61 billion, a 9.7% increase year on year.
- Mobility sales were EU7.01 billion, a 2.2% increase year on year.
- The company’s net income was EU3.16 billion, a 22% decrease year on year.
- Mercedes’ industrial free cash flow was EU3.44 billion, a 39% increase year on year.
- The group revenue for 2024 is expected to remain at the same level as the previous year.
- Group EBIT in 2024 is predicted to be slightly lower than the previous year’s level.
- The company expects xEV sales to make up to 50% of overall sales in the second half of the decade.
- Unit sales of Mercedes-Benz cars are expected to remain at the prior-year level, as current supply bottlenecks are easing.
- Total Mercedes-Benz vans sales are expected to soften in the second half of 2024 and be slightly lower in 2024, despite a strong first quarter.
- Mercedes-Benz Mobility’s adjusted return on equity (RoE) is expected to be between 10% and 12% in 2024.
A look at Mercedes-Benz Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
The outlook for Mercedes-Benz Group looks promising, as indicated by its strong Smartkarma Smart Scores. With a perfect score of 5 in value, dividend, and growth, the company is well-positioned for success in the long-term. This means that the company is not only a good investment option, but also has a solid track record of providing consistent dividends and showing growth potential.
However, the company’s resilience score of 2 may be a cause for concern. This score indicates that Mercedes-Benz Group may not be as resilient as other companies in the face of economic challenges or disruptions. Nevertheless, with a momentum score of 4, the company is showing positive momentum and is likely to continue its upward trajectory. Overall, Mercedes-Benz Group’s strong Smart Scores suggest a bright future for the automobile company, which designs, manufactures, and distributes a wide range of automotive products, along with providing financial and other services.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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