Mercedes-Benz unveils plans to go all-electric

  • Mercedes-Benz says all newly launched architectures will be electric-only after 2025. By 2022, Mercedes-Benz will have battery electric vehicles in all segments the company serves.
  • The automaker's electrification push will include installing battery cell capacity of more than 200 Gigawatt hours with partners and plans for eight Gigafactories - while remaining committed to its margin targets.
  • All told, Daimler plans to spend €40B by 2030 on electric vehicles.
  • "The EV shift is picking up speed - especially in the luxury segment, where Mercedes-Benz belongs. The tipping point is getting closer and we will be ready as markets switch to electric-only by the end of this decade," says Daimler (OTCPK:DDAIF) CEO Ola Källenius.
  • "This step marks a profound reallocation of capital. By managing this faster transformation while safeguarding our profitability targets, we will ensure the enduring success of Mercedes-Benz," he adds.

    Over the current book year the total revenue from the company in Stuttgart will be 172.58 billion euros (consensus estimates). This is hugely more than 2021's revenue of 154.31 billion euros.

    Historical revenues and results Daimler plus estimates 2021

    koersdata

    The analysts expect for 2021 a net profit of 12.43 billion euros. Most of the analysts anticipate on a profit per share of 11.61 euros. The PE-ratio therefore is 6.5.

    Huge dividend Daimler

    For this year most of the analysts expect a dividend of 4.26 euros per share. The dividend yield is then 5.65 percent. The average dividend yield of the automobile producers equals a relatively high 2.83 percent.

    Most recent target prices around 99 euros

    KBC Securities, Goldman Sachs and Kepler Capital Markets recently provided recommendations for the stock.

    Daimler 's market capitalization is based on the number of outstanding shares around 80.68 billion euros. 89

    Historical stock prices Daimler

    historical stocks daimler

    At 11.50 the stock trades 0.58 percent higher at 75.41 euros.

    Analist.nl Nieuwsdienst: +31 084-0032-842
    nieuws@analist.nl

    Copyright analist.nl B.V.
    All rights reserved. Any redistribution, duplication or archiving prohibited. Analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.