- Spin-off of Daimler Truck division could lead to value accretion at the end of the year.
- Mercedes accelerates BEV transition announcing the new strategy and showing strong commitment to win this race.
- Daimler's strong financials with high FCF yield, gross margins, and relatively low fixed costs, which is especially key in inflation environment.
- Attractive valuation offers a unique opportunity to buy quality stock with lower multiples comparing with peer group and potential 36% upside according to SOTP valuation.
- Daimler is well positioned in higher inflation environment due to “low duration”.
For further details see:
Daimler AG: Trucks Spin Off And New EV Strategy Still Offer Promising Upside