Forecast Of The Day: Daimler’s Mercedes-Benz Cars & Vans Sold Globally
What?
Daimler’s (OTCMKTS:DDAIF) Total Mercedes-Benz Cars & Vans Sold Globally fell from 2.82 million in 2020 to 2.46 million in 2021. Trefis expects the metric to recover to around 2.6 million in 2023.
Why?
Sales took a hit over 2020 and 2021 due to the impact of the Covid-19 pandemic and the semiconductor shortage. However, we expect sales to pick up, as supply chain issues ease and as a strong economic recovery drives demand.
So What?
We think Daimler stock is undervalued. We value DDAIF at $91 per share, about 30% ahead of the current market price.
See Our Complete Analysis For Daimler
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Returns | Mar 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
DDAIF Return | -8% | -8% | -5% |
S&P 500 Return | 2% | -6% | 99% |
Trefis MS Portfolio Return | 2% | -9% | 259% |
[1] Month-to-date and year-to-date as of 3/29/2022
[2] Cumulative total returns since the end of 2016
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