Mercedes-Benz Group AG
Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories. It also provides financing, leas… Read more
Mercedes-Benz Group AG (MBGAF) - Net Assets
Latest net assets as of September 2025: $92.61 Billion USD
Based on the latest financial reports, Mercedes-Benz Group AG (MBGAF) has net assets worth $92.61 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($255.84 Billion) and total liabilities ($163.23 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $92.61 Billion |
| % of Total Assets | 36.2% |
| Annual Growth Rate | 4.33% |
| 5-Year Change | 50.41% |
| 10-Year Change | 71.41% |
| Growth Volatility | 9.97 |
Mercedes-Benz Group AG - Net Assets Trend (1998–2024)
This chart illustrates how Mercedes-Benz Group AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mercedes-Benz Group AG (1998–2024)
The table below shows the annual net assets of Mercedes-Benz Group AG from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $93.63 Billion | +0.88% |
| 2023-12-31 | $92.82 Billion | +7.25% |
| 2022-12-31 | $86.54 Billion | +18.28% |
| 2021-12-31 | $73.17 Billion | +17.54% |
| 2020-12-31 | $62.25 Billion | -0.94% |
| 2019-12-31 | $62.84 Billion | -4.86% |
| 2018-12-31 | $66.05 Billion | +1.13% |
| 2017-12-31 | $65.31 Billion | +10.45% |
| 2016-12-31 | $59.13 Billion | +8.25% |
| 2015-12-31 | $54.62 Billion | +22.52% |
| 2014-12-31 | $44.58 Billion | +2.82% |
| 2013-12-31 | $43.36 Billion | -4.72% |
| 2012-12-31 | $45.51 Billion | +10.10% |
| 2011-12-31 | $41.34 Billion | +8.92% |
| 2010-12-31 | $37.95 Billion | +19.25% |
| 2009-12-31 | $31.83 Billion | -2.97% |
| 2008-12-31 | $32.80 Billion | -14.33% |
| 2007-12-31 | $38.29 Billion | +9.97% |
| 2006-12-31 | $34.82 Billion | -6.08% |
| 2005-12-31 | $37.07 Billion | +7.70% |
| 2004-12-31 | $34.42 Billion | -1.34% |
| 2003-12-31 | $34.89 Billion | -1.38% |
| 2002-12-31 | $35.38 Billion | -10.41% |
| 2001-12-31 | $39.49 Billion | -7.97% |
| 2000-12-31 | $42.91 Billion | +16.80% |
| 1999-12-31 | $36.74 Billion | +18.24% |
| 1998-12-31 | $31.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mercedes-Benz Group AG's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 267.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $75.47 Billion | 81.48% |
| Common Stock | $3.07 Billion | 3.31% |
| Other Comprehensive Income | $14.09 Billion | 15.21% |
| Total Equity | $92.62 Billion | 100.00% |
Mercedes-Benz Group AG Competitors by Market Cap
The table below lists competitors of Mercedes-Benz Group AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nasdaq Inc
NASDAQ:NDAQ
|
$43.74 Billion |
|
Volvo AB ser. B
PINK:VOLVF
|
$43.81 Billion |
|
Jd Com Inc
PINK:JDCMF
|
$43.86 Billion |
|
MicroStrategy Incorporated
NASDAQ:MSTR
|
$44.03 Billion |
|
Hess Corporation
NYSE:HES
|
$43.42 Billion |
|
ASE TECHN.HLDG.CO.LTD.
F:2DQ
|
$43.10 Billion |
|
argenx SE
OTCGREY:ARGNF
|
$42.99 Billion |
|
COMPASS GROUP LS-1105
XETRA:XGR2
|
$42.97 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mercedes-Benz Group AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 91,773,000,000 to 92,625,000,000, a change of 852,000,000 (0.9%).
- Net income of 10,207,000,000 contributed positively to equity growth.
- Dividend payments of 5,486,000,000 reduced retained earnings.
- Share repurchases of 4,921,000,000 reduced equity.
- Other comprehensive income decreased equity by 203,000,000.
- Other factors increased equity by 1,255,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $10.21 Billion | +11.02% |
| Dividends Paid | $5.49 Billion | -5.92% |
| Share Repurchases | $4.92 Billion | -5.31% |
| Other Comprehensive Income | $-203.00 Million | -0.22% |
| Other Changes | $1.25 Billion | +1.35% |
| Total Change | $- | 0.93% |
Book Value vs Market Value Analysis
This analysis compares Mercedes-Benz Group AG's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.66x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.98x to 0.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $30.78 | $60.85 | x |
| 1999-12-31 | $35.60 | $60.85 | x |
| 2000-12-31 | $41.81 | $60.85 | x |
| 2001-12-31 | $38.95 | $60.85 | x |
| 2002-12-31 | $37.23 | $60.85 | x |
| 2003-12-31 | $33.99 | $60.85 | x |
| 2004-12-31 | $33.14 | $60.85 | x |
| 2005-12-31 | $35.74 | $60.85 | x |
| 2006-12-31 | $33.18 | $60.85 | x |
| 2007-12-31 | $35.16 | $60.85 | x |
| 2008-12-31 | $32.60 | $60.85 | x |
| 2009-12-31 | $30.15 | $60.85 | x |
| 2010-12-31 | $34.59 | $60.85 | x |
| 2011-12-31 | $37.13 | $60.85 | x |
| 2012-12-31 | $41.12 | $60.85 | x |
| 2013-12-31 | $39.92 | $60.85 | x |
| 2014-12-31 | $40.82 | $60.85 | x |
| 2015-12-31 | $50.07 | $60.85 | x |
| 2016-12-31 | $54.17 | $60.85 | x |
| 2017-12-31 | $59.85 | $60.85 | x |
| 2018-12-31 | $60.45 | $60.85 | x |
| 2019-12-31 | $57.34 | $60.85 | x |
| 2020-12-31 | $56.73 | $60.85 | x |
| 2021-12-31 | $67.26 | $60.85 | x |
| 2022-12-31 | $79.84 | $60.85 | x |
| 2023-12-31 | $86.61 | $60.85 | x |
| 2024-12-31 | $92.44 | $60.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mercedes-Benz Group AG utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.02%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.01%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 2.86x
- Recent ROE (11.02%) is below the historical average (11.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 15.87% | 3.66% | 0.97x | 4.48x | $1.78 Billion |
| 1999 | 15.93% | 3.83% | 0.86x | 4.84x | $2.14 Billion |
| 2000 | 18.61% | 4.86% | 0.81x | 4.70x | $3.65 Billion |
| 2001 | -1.70% | -0.43% | 0.74x | 5.32x | $-4.57 Billion |
| 2002 | 13.51% | 3.15% | 0.80x | 5.37x | $1.23 Billion |
| 2003 | 1.30% | 0.33% | 0.77x | 5.17x | $-3.00 Billion |
| 2004 | 7.35% | 1.74% | 0.78x | 5.45x | $-887.80 Million |
| 2005 | 7.81% | 1.90% | 0.74x | 5.53x | $-798.46 Million |
| 2006 | 10.96% | 2.47% | 0.80x | 5.56x | $328.23 Million |
| 2007 | 10.84% | 4.00% | 0.74x | 3.68x | $308.02 Million |
| 2008 | 4.53% | 1.47% | 0.73x | 4.24x | $-1.71 Billion |
| 2009 | -8.72% | -3.34% | 0.61x | 4.26x | $-5.67 Billion |
| 2010 | 12.37% | 4.60% | 0.72x | 3.73x | $860.70 Million |
| 2011 | 14.30% | 5.32% | 0.72x | 3.74x | $1.70 Billion |
| 2012 | 14.65% | 5.62% | 0.70x | 3.71x | $2.04 Billion |
| 2013 | 16.03% | 5.80% | 0.70x | 3.95x | $2.57 Billion |
| 2014 | 15.94% | 5.36% | 0.68x | 4.34x | $2.60 Billion |
| 2015 | 15.73% | 5.64% | 0.69x | 4.05x | $3.07 Billion |
| 2016 | 14.71% | 5.56% | 0.63x | 4.19x | $2.73 Billion |
| 2017 | 16.05% | 6.25% | 0.64x | 3.99x | $3.88 Billion |
| 2018 | 11.21% | 4.33% | 0.59x | 4.35x | $782.30 Million |
| 2019 | 3.87% | 1.38% | 0.57x | 4.93x | $-3.76 Billion |
| 2020 | 5.98% | 2.98% | 0.43x | 4.71x | $-2.44 Billion |
| 2021 | 31.97% | 17.18% | 0.52x | 3.61x | $15.81 Billion |
| 2022 | 16.98% | 9.67% | 0.58x | 3.04x | $5.96 Billion |
| 2023 | 15.54% | 9.31% | 0.58x | 2.87x | $5.08 Billion |
| 2024 | 11.02% | 7.01% | 0.55x | 2.86x | $944.50 Million |
Industry Comparison
This section compares Mercedes-Benz Group AG's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $23,464,126,061
- Average return on equity (ROE) among peers: -90.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mercedes-Benz Group AG (MBGAF) | $92.61 Billion | 15.87% | 1.76x | $43.59 Billion |
| Thunder Power Holdings, Inc. (AIEV) | $6.52 Million | -38.36% | 1.08x | $710.14K |
| Robo.ai Inc. (AIIO) | $138.98 Million | 0.40% | 0.00x | $23.12 Million |
| Aston Martin Lagonda Global Holdings plc (AMGDF) | $249.00 Million | -43.01% | 3.45x | $289.13 Million |
| Arrival (ARVLF) | $1.23 Billion | -106.38% | 0.44x | $803.89 |
| AYRO Inc (AYRO) | $3.04 Million | -525.91% | 0.85x | $4.36 Million |
| Bayerische Motoren Werke Aktiengesellschaft (BAMXF) | $92.92 Billion | 12.15% | 1.70x | $29.09 Billion |
| BAIC Motor Corporation Limited (BCCMY) | $79.38 Billion | 3.82% | 1.13x | $1.88 Billion |
| Bollinger Innovations, Inc. (BINI) | $9.04 Million | -146.60% | 1.53x | $1.33K |
| BYD Company Limited (BYDDF) | $60.69 Billion | 4.58% | 2.21x | $112.14 Billion |
| Cenntro Electric Group Ltd (CENN) | $7.87 Million | -65.67% | 1.89x | $8.60 Million |