Daimler Truck Holding AG
5-year stock timeline
Daimler Truck's journey as an independent company began in December 2021 when it separated from Daimler and started trading on the Frankfurt Stock Exchange. The market initially priced it as a pure-play commercial-vehicle champion with a compelling electrification story, attracting growth investors and index flows.
The company committed early to a dual path: battery and hydrogen fuel cells. In 2021, it formed cellcentric with Volvo to accelerate hydrogen truck development—a move that would become a recurring catalyst for sentiment swings whenever milestones materialized.
Through 2022 and into 2023, the narrative held. Strong end-market demand and record adjusted EBIT in 2023 supported upward momentum and a positive rerating. The stock benefited from improving fundamentals and investor confidence in the transition story.
By 2023–2024, the framing shifted. Investors moved past growth multiples and began demanding proof of margin recovery, cash generation, and execution on zero-emission roadmaps. A CEO change effective October 2024 and a Capital Market Day efficiency agenda signaled management's pivot toward operational resilience and cost reduction.
From 2024 into 2026, the view became more measured: a capital-intensive industrial with clear zero-emission investment programs and a disciplined focus on profitability ahead of any structural rerating. Regional unit-sales softness and margin pressure created volatility, but also corrective moves as the market digested the reality of a cyclical business in transition.
What moves the stock now is straightforward. Execution on the Capital Market Day efficiency program and visible margin targets matter. Delivery ramps of eActros battery trucks and movement toward small-series hydrogen fuel-cell production in 2025–2026 will be watched closely—not for the concept, but for proof that volume and cost paths work. Order intake across North America, Europe, and Asia, combined with visible cash flow and return on sales, will determine whether this trades as a cyclical industrial or begins to sustain a higher multiple on structural improvement.
At 41.47, the stock is pricing in execution risk and cyclical caution. Concrete progress on zero-emission production and cost discipline are the levers that matter.
Key risks and downside factors
Daimler Truck competes globally against PACCAR, Volvo Group, TRATON, and Cummins across diesel engines, powertrains, and commercial-vehicle platforms. The competitive landscape is shifting as EV entrants like Tesla and technology specialists push into the space. What really matters for the company's risk profile is whether it can execute its zero-emission transition while navigating macroeconomic cycles and the persistent supply-chain cost pressures that define the industry.
- Failure to transition toward electric and hydrogen powertrains, with market share migrating to faster-moving EV competitors.
- Demand cyclicality paired with freight-market downturns that compress both volumes and margins.
- Supply-chain disruptions and rising raw-material and component costs are pushing up production expenses while stretching delivery timelines.
- Regulatory, trade, and emissions compliance risks across major markets that could increase costs or limit sales opportunities.
Competitive landscape
Daimler Truck operates in a competitive landscape dominated by Traton, Volvo Group, and Paccar, each with significant reach across heavy- and medium-duty segments and integrated financing arms. The real pressure comes from scale advantages, established dealer and service networks, and the capital-intensive race toward electrification and autonomous systems. What shapes the company's risk profile most is the cyclicality of freight demand, exposure to supply-chain disruptions and commodity swings, the substantial costs of transitioning to zero-emission powertrains, and an increasingly stringent regulatory environment around emissions and safety standards.
| Company | Ticker |
|---|---|
| Volvo Group [web:10] | VOLV-A.ST |
| Paccar Inc. [page:1] | PCAR.NASDAQ |
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Start Free TrialPerformance Figures of Daimler Truck Holding AG
Relative Performance vs Benchmarks
| Period | Daimler Truck Holding AG | vs DAX | vs S&P 500 (SPY) |
|---|---|---|---|
| 1M | -1.36% | +4.61% | +3.63% |
| 3M | +11.12% | +16.52% | +15.49% |
| 6M | +15.84% | +20.81% | +18.11% |
| 1Y | +17.41% | +14.63% | +0.15% |
| 3Y | +53.08% | +4.85% | -12.00% |
| 5Y | — | — | — |
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Start Free TrialHistorical valuation trends
How the company’s key valuation ratios (P/E, P/S, P/B and P/CF) have evolved over time compared to today.
| Period | P/E Ratio | P/S Ratio | P/B Ratio | P/CF Ratio |
|---|---|---|---|---|
| Current | 16.1 | 0.7 | 1.5 | 7.3 |
| 1Y ago | 10.0 | 0.5 | 1.3 | 18.7 |
| 3Y ago | 8.1 | 0.5 | 1.2 | -87.7 |
| 5Y ago | — | — | — | — |
Key Metrics
Valuation Metrics
Profitability Metrics
Growth Metrics
Dividend history
Long-term record of paid dividends (amount per share and dividend yield at the time of payment).
| Year | Dividend | Yield at payment | Avg. yield |
|---|---|---|---|
| 2026 | 1.90 EUR | — | 4.5% |
| 2025 | 1.90 EUR | 4.79% | |
| 2024 | 1.90 EUR | 4.62% | |
| 2023 | 1.30 EUR | 4.10% |
Earnings history & estimates
Historical earnings performance shows how consistently the company meets or exceeds analyst expectations. Forward estimates provide insight into expected profitability and growth trajectory.
Historical earnings performance
Upcoming earnings report
Analyst estimates for upcoming periods
Key financial figures
Selected income statement, balance sheet and cash flow figures. Annual and quarterly, based on reported IFRS/GAAP financials.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | 45.53B | 54.08B | 55.89B | 50.95B | 39.76B |
| Operating income (EBIT) | 4.07B | 5.76B | 4.86B | 2.93B | 1.49B |
| Net income | 1.97B | 2.90B | 3.77B | 2.67B | 2.35B |
| Free cash flow | 3.22B | 138.00M | -920.00M | -1.42B | 1.34B |
| Total assets | 72.53B | 73.85B | 71.21B | 63.97B | 54.80B |
| Equity | 21.55B | 22.20B | 21.61B | 6.67B | 2.71B |
| Net debt | 20.64B | 19.82B | 15.65B | 12.89B | 7.84B |
PWP Leeway UG (haftungsbeschränkt)
