![]() ![]() It has recovered beyond its pre-Covid level. We believe that Daimler’s stock (OTCMKTS: DDAIF) still has a 10% upside once the fear around the pandemic subsides. ![]() Daimler AG’s Stock Has A 10% Upside Potential This will take the EPS figure to €5.24 ($6.34) for FY 2022, which coupled with the P/E multiple of 15.7x and a euro to dollar exchange rate of $1.21 will lead to Daimler’s valuation around $99, implying an upside of 17%. In 2022 revenue is expected to rise further to €168 billion ($203 billion) and its net income is likely to be €5.6 billion ($6.8 billion). Overall, we expect Daimler AG’s revenues to rise by 4.6% to €162.3 billion ($196 billion) in 2021. ![]() We believe this has already been factored in the price and the company is expected to continue growth in revenue and earnings going forward. In a recently conducted Munich Motor Show, Daimler’s CEO, Ola Kallenius, mentioned that the third quarter is expected to be the most significantly affected by the shortage before recovery in the fourth quarter. The stock price took a small dip around June as the sector is going through a semiconductor chip shortage, which has affected production across companies. In the recently concluded Q2 2021, Daimler saw revenue growth of 54% y-o-y reaching $52.4 billion while earnings were recorded at $4.05 compared to $-2.11 in the same period of the previous year. The stock has been rising since the start of the year as the company continues recovery post the pandemic. Daimler AG’s Stock Rally To Continueĭaimler’s stock (OTCMKTS: DDAIF) has gained 20% since the end of 2020, to $85 currently. This will take the EPS figure to €3.78 ($4.57) for FY 2022, which coupled with the P/E multiple of 19.9x and a euro to dollar exchange rate of $1.21 will lead to Daimler’s valuation around $91, implying an upside of 14%.īelow you’ll find our previous coverage of Daimler AG stock where you can track our view over time. In 2022 revenue is expected to rise further to €128.9 billion ($156 billion) and its net income is likely to be €4 billion ($4.9 billion). Overall, we expect Daimler AG’s revenues to be €125.5 billion ($151.8 billion) in 2021. ![]()
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