Mercedes-Benz Group AG
5-year stock timeline
Mercedes‑Benz Group (MBG.XETRA) — 2020–2026 snapshot
The company executed a structural realignment that included the spin‑off and listing of Daimler Truck, followed by the shareholder‑approved renaming of Daimler AG to Mercedes‑Benz Group effective 1 February 2022. This simplified the group and reset investor identity around the core luxury automotive business.
COVID‑era supply‑chain disruption—semiconductor shortages and periodic plant shutdowns—interrupted production through 2020–21 and materially affected deliveries, revenue and near‑term earnings visibility. As production normalized and China demand returned, the market initially framed the equity as a cyclical recovery play with emphasis on margin recovery.
Management committed to an explicit electrification roadmap ("Ambition 2039"), raising mid‑decade BEV targets and reallocating capital toward EV platforms and R&D. After the truck separation and renewed EV push, the equity migrated toward a purer luxury EV transition story—investors increasingly valued Mercedes‑Benz as a high‑end manufacturer making a structural pivot to electrification.
A persistent counter‑narrative stressed execution risk: managing legacy ICE profitability while funding EV platforms and meeting emissions targets created recurring debate about whether the stock was a genuine transition growth story or a value trap if execution slipped.
The stock plunged with the broader auto cycle in March 2020, then staged a pronounced recovery through 2020–21 as deliveries and earnings rebounded from pandemic lows. Late 2021 and early 2022 brought re‑rating and volatility around the Daimler Truck separation and formal renaming, producing a distinct structural reset in the share‑price path. From 2022 through 2026, the stock traded as a sequence of volatile ranges tied to EV rollout updates, margin and guidance revisions, and macro sensitivity—periods of consolidation were punctuated by rallies on positive delivery and technology milestones, and drawdowns on supply or margin headlines tied to the transition and broader market shocks.
Key risks and downside factors
Mercedes-Benz Group sits between legacy German premium competitors and a new wave of aggressive EV makers, both squeezing volumes and pricing as the industry electrifies. The company is pouring capital into EV platforms, software, and services to defend margins, but Tesla and Chinese OEMs are moving fast on features and undercutting on price.
- Intense competition from Tesla and Chinese EV makers is pushing aggressive pricing strategies that risk eroding premium margins [4].
- Scale and platform advantages at Volkswagen Group and other volume manufacturers could compress Mercedes' pricing power in its core segments.
- Battery raw material costs and supply-chain volatility can push vehicle prices higher and set back electrification timelines.
- Software, over-the-air updates, and autonomous capabilities lag behind faster competitors, creating real risks of product obsolescence and regulatory exposure.
Competitive landscape
Mercedes-Benz Group operates in a competitive landscape that's genuinely fractured now. On one side sit the legacy German premium makers and large global automakers playing the traditional game. On the other, Tesla and a wave of Chinese entrants are moving faster, thinking in software first, electrification second. The real contest is happening in three places: electrification itself, the software and connected services layer, and figuring out how to actually monetize recurring revenue streams. All three are execution minefields. Profitability and growth have other pressures too. China matters disproportionately, and joint venture arrangements there add complexity. Supply chains remain volatile, commodities swing hard, and pricing competition is relentless enough to hollow out margins if you're not careful. The company has room to maneuver, but the terrain is genuinely uneven.
Private competitors
- Rimac Automobili
- Huawei Technologies (automotive/ICT partnerships)
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Start Free TrialPerformance Figures of Mercedes-Benz Group AG
Relative Performance vs Benchmarks
| Period | Mercedes-Benz Group AG | vs DAX | vs S&P 500 (SPY) |
|---|---|---|---|
| 1M | +7.10% | +2.84% | +1.65% |
| 3M | -4.75% | -3.79% | -14.45% |
| 6M | -3.38% | -8.44% | -13.82% |
| 1Y | +6.03% | +1.85% | -23.12% |
| 3Y | -7.47% | -64.45% | -93.14% |
| 5Y | +19.69% | -41.67% | -71.61% |
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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 | 10.3 | 0.4 | 0.5 | 3.2 |
| 1Y ago | 5.6 | 0.3 | 0.5 | 2.6 |
| 3Y ago | 5.1 | 0.5 | 0.9 | 4.3 |
| 5Y ago | 9.2 | 0.6 | 1.0 | 2.7 |
Frequently Asked Questions
Where is the Mercedes-Benz Group AG stock traded?
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What are the key metrics for MBG.XETRA?
How has Mercedes-Benz Group AG's stock price performed?
How is MBG.XETRA valued?
Does MBG.XETRA pay dividends?
What are the key risks when investing in MBG.XETRA?
- Intense competition from Tesla and Chinese EV makers is pushing aggressive pricing strategies that risk eroding premium margins [web:4].
- Scale and platform advantages at Volkswagen Group and other volume manufacturers could compress Mercedes' pricing power in its core segments.
- Battery raw material costs and supply-chain volatility can push vehicle prices higher and set back electrification timelines.
- Software, over-the-air updates, and autonomous capabilities lag behind faster competitors, creating real risks of product obsolescence and regulatory exposure.
Who are the main competitors of Mercedes-Benz Group AG?
When does Mercedes-Benz Group AG report earnings?
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 | 3.50 EUR | 6.56% | 5.07% |
| 2025 | 4.30 EUR | 7.96% | |
| 2024 | 5.27 EUR | 7.26% | |
| 2023 | 5.20 EUR | 7.40% | |
| 2022 | 5.00 EUR | 7.45% | |
| 2021 | 1.13 EUR | 1.78% | |
| 2020 | 0.75 EUR | 2.42% | |
| 2020 | 0.90 EUR | 2.86% | |
| 2019 | 2.72 EUR | 6.39% | |
| 2018 | 3.06 EUR | 5.24% | |
| 2017 | 2.72 EUR | 4.49% | |
| 2016 | 2.72 EUR | 5.20% | |
| 2015 | 2.05 EUR | 2.72% | |
| 2014 | 1.88 EUR | 3.19% | |
| 2013 | 1.84 EUR | 5.16% |
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 | 132.21B | 145.59B | 152.39B | 150.02B | 133.89B |
| Operating income (EBIT) | 4.87B | 12.30B | 17.52B | 17.85B | 14.19B |
| Net income | 5.14B | 10.21B | 14.26B | 14.50B | 23.01B |
| Free cash flow | 8.26B | 9.07B | 6.26B | 9.99B | 17.23B |
| Total assets | 255.47B | 265.01B | 263.02B | 260.01B | 259.83B |
| Equity | 93.26B | 92.63B | 91.77B | 85.42B | 71.95B |
| Net debt | 68.02B | 76.30B | 69.08B | 64.09B | 86.57B |
PWP Leeway UG (haftungsbeschränkt)
