Mercedes-Benz: Positioned To Conquer European Car Manufacturer Headwinds

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Caffital Research
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(11min)

Summary

  • Mercedes-Benz Group AG's Q3 is representative of European car manufacturers' headwinds from poor EU demand and from rising Chinese EV competition.
  • While the short-term outlook remains uncertain, Mercedes-Benz should benefit from EU's tariff on Chinese EVs, an improving economic outlook, and the company's strategic luxury & EV positioning.
  • I estimate MBGAF stock to have significant 85% upside into around a $108 fair value, as I expect the company to stabilize its earnings.

Artistic Operations/iStock Editorial via Getty Images

Headquartered in Germany, Mercedes-Benz Group AG (OTCPK:MBGAF) manufactures and sells passenger cars and vans under the very well-recognized brand. With Chinese competition, macroeconomic issues, and brand positioning issues piling on the company during European

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About MBGAF Stock

SymbolLast Price% Chg
MBGAF
58.790.66%
Created with Highcharts 11.2.0Dec 9Dec 10Dec 11Dec 12585960
Market Cap
$56.06B
PE (FWD)
5.30
Yield
9.71%
Rev Growth (YoY)
-3.56%
Short Interest
-
Prev. Close
$58.41
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