MBG (Mercedes-Benz Group AG) vs DAX Index Comparison

MBG

DAX Index

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare

MBG

DAX Index

Difference

1Y 3Y 5Y 10Y 15Y 20Y

MBG

DAX Index

Add Stock

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare

DAX Index

MBG

TSLA

7203

002594

RACE

Add Stock

1Y 3Y 5Y 10Y 15Y 20Y

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare

Mercedes-Benz Group AG
Glance View

Market Cap

56.6B EUR

Industry

Automobiles

Mercedes-Benz Group AG, a titan of the global automotive industry, traces its roots to the pioneering days of the automobile in the late 19th century. With its headquarters in Stuttgart, Germany, the company has consistently positioned itself as a symbol of luxury, engineering excellence, and innovation. From its outset, Mercedes-Benz forged a path of technological advancement and premium quality, becoming renowned for its passenger vehicles that blend performance, luxury, and safety. As a vertically integrated company, it not only designs and manufactures vehicles but also invests significantly in research and development to maintain its competitive edge and uphold its reputation for innovation. The brand's strong identity is magnified through its iconic three-pointed star, signifying dominance over land, sea, and air—a testament to its broad ambitions and achievements. Today, Mercedes-Benz Group AG generates revenue through several strategic channels. Primarily, it earns from the sale of its high-end automobiles, ranging from sedans and SUVs to sports cars and electric vehicles. In recent years, the company has expanded its portfolio to embrace the electric revolution with its EQ lineup, signifying a dedicated shift toward sustainable mobility. Additionally, Mercedes-Benz leverages its finance and leasing services, providing flexible purchasing options to its clientele. Further diversifying its income streams, the company capitalizes on after-sales services, including maintenance and parts distribution, ensuring a continuous engagement with its customer base. This multi-faceted approach not only solidifies its position in the luxury automotive market but also ensures a sustained revenue flow that stands resilient against the changing tides of the automobile industry.

View MBG Analysis

MBG Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

US		Tesla Inc NASDAQ:TSLA	Add
JP		Toyota Motor Corp TSE:7203	Add
CN		BYD Co Ltd SZSE:002594	Add
IT		Ferrari NV MIL:RACE	Add
DE		Mercedes Benz Group AG MIL:MBG	Add
DE		Daimler AG XETRA:DAI	Add
US		General Motors Co NYSE:GM	Add
DE		Dr Ing hc F Porsche AG XETRA:P911	Add
DE		Bayerische Motoren Werke AG XETRA:BMW	Add
DE	V	Volkswagen AG XETRA:VOW	Add

US		Tesla Inc NASDAQ:TSLA	Select
JP		Toyota Motor Corp TSE:7203	Select
CN		BYD Co Ltd SZSE:002594	Select
IT		Ferrari NV MIL:RACE	Select
DE		Mercedes Benz Group AG MIL:MBG	Select
DE		Daimler AG XETRA:DAI	Select
US		General Motors Co NYSE:GM	Select
DE		Dr Ing hc F Porsche AG XETRA:P911	Select
DE		Bayerische Motoren Werke AG XETRA:BMW	Select
DE	V	Volkswagen AG XETRA:VOW	Select

US		Tesla Inc NASDAQ:TSLA	Add
JP		Toyota Motor Corp TSE:7203	Add
CN		BYD Co Ltd SZSE:002594	Add
IT		Ferrari NV MIL:RACE	Add
DE		Mercedes Benz Group AG MIL:MBG	Add
DE		Daimler AG XETRA:DAI	Add
US		General Motors Co NYSE:GM	Add
DE		Dr Ing hc F Porsche AG XETRA:P911	Add
DE		Bayerische Motoren Werke AG XETRA:BMW	Add
DE	V	Volkswagen AG XETRA:VOW	Add

CA	A	Advance Lithium Corp XTSX:AALI	Add
US	G	GE Vernova LLC NYSE:GEV	Add
NL	N	Nepi Rockcastle NV JSE:NRP	Add
US		Schlumberger NV NYSE:SLB	Add
US	B	Baker Hughes Co NASDAQ:BKR	Add
ID		Amman Mineral Internasional Tbk PT IDX:AMMN	Add
US	R	Reddit Inc NYSE:RDDT	Add
CH	G	Galderma Group AG SIX:GALD	Add
US		Halliburton Co NYSE:HAL	Add
IN		Jio Financial Services Ltd NSE:JIOFIN	Add

	Franklin Covey Co NYSE:FC	36.14 USD -2.48%
	Mohawk Industries Inc NYSE:MHK	117.77 USD 0.39%
	Ardmore Shipping Corp NYSE:ASC	12.1 USD -1.94%
	ASGN Inc NYSE:ASGN	85.27 USD 0.26%
	Skyworks Solutions Inc NASDAQ:SWKS	90.905 USD 2.31%
	Weatherford International PLC NASDAQ:WFRD	73.51 USD 0.67%

MBG

vs

DAX Index

Stocks Performance
MBG vs DAX Index

Performance Gap
MBG vs DAX Index

Performance By Year
MBG vs DAX Index

Competitors Performance
Mercedes-Benz Group AG vs Peers

Mercedes-Benz Group AG
Glance View

Company

Help

Tools

Stocks

	Johnson & Johnson NYSE:JNJ	143.66 USD -0.37%
	Bank of America Corp NYSE:BAC	45.4 USD 1.32%
	Mastercard Inc NYSE:MA	511.93 USD -1.81%
	Salesforce Inc NYSE:CRM	330.53 USD -0.71%
	Abbvie Inc NYSE:ABBV	180.1 USD -0.62%
	Home Depot Inc NYSE:HD	389.37 USD 0.05%

	Arista Networks Inc NYSE:ANET	118.98 USD 3.28%
	Visa Inc NYSE:V	313.04 USD -0.59%
	Texas Pacific Land Corp NYSE:TPL	1 226.63 USD 1.29%
	KLA Corp NASDAQ:KLAC	690.3 USD 5.07%
	Manhattan Associates Inc NASDAQ:MANH	271.36 USD -0.54%
	Pinduoduo Inc NASDAQ:PDD	99.02 USD 2.27%

	Salesforce Inc NYSE:CRM	330.53 USD -0.71%
	ServiceNow Inc NYSE:NOW	1 077.05 USD 0.31%
	EOG Resources Inc NYSE:EOG	126.39 USD -0.14%
	Copart Inc NASDAQ:CPRT	56.58 USD -0.58%
	Applied Materials Inc NASDAQ:AMAT	177.48 USD 4.36%
	Synopsys Inc NASDAQ:SNPS	501.06 USD 1.49%

	Johnson & Johnson NYSE:JNJ	143.66 USD -0.37%
	Berkshire Hathaway Inc NYSE:BRK.A	676 604 USD -0.71%
	Bank of America Corp NYSE:BAC	45.4 USD 1.32%
	Mastercard Inc NYSE:MA	511.93 USD -1.81%
	UnitedHealth Group Inc NYSE:UNH	513.67 USD 0.13%
	Exxon Mobil Corp NYSE:XOM	107.74 USD -0.11%

MBG vs DAX Index

Stocks Performance MBG vs DAX Index

Performance Gap MBG vs DAX Index

Performance By Year MBG vs DAX Index

Competitors Performance Mercedes-Benz Group AG vs Peers

Mercedes-Benz Group AG Glance View

Company

Help

Tools

Stocks

MBG

vs

DAX Index

Stocks Performance
MBG vs DAX Index

Performance Gap
MBG vs DAX Index

Performance By Year
MBG vs DAX Index

Competitors Performance
Mercedes-Benz Group AG vs Peers

Mercedes-Benz Group AG
Glance View