Forecast Of The Day: Daimler’s Mercedes-Benz Cars & Vans Sold Globally

DDAIF: Mercedes-Benz Group logo
DDAIF
Mercedes-Benz Group

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?

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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

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

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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