Daimler Truck Holding AG (DTGHF)
Valor JustoFundamental
69
Precio
$41.51
Capitalización Bursátil
$31.82B
Parte 1 · Cuánto vale la empresa
Resumen
Daimler Truck builds and sells heavy trucks and buses under brands including Freightliner, Western Star and Mercedes-Benz. Spun off from Mercedes-Benz Group in 2021, it makes money selling the vehicles themselves and, through a captive finance arm, financing and leasing them to the fleets and operators that buy them. North America and Europe are its two largest markets.
Cómo genera ingresos
Revenue is booked when a truck or bus is delivered to a dealer or fleet customer, so it tracks the industry-wide replacement cycle for commercial vehicles rather than steady consumption. A smaller, steadier stream comes from financial services — loans and leases on the vehicles Daimler Truck itself sold — and from parts and service, which holds up better than new-vehicle sales when the market slows.
Ingresos por segmento
Heavy trucks sold mainly in Europe and Latin America under the Mercedes-Benz brand.
Freightliner and Western Star trucks sold in the United States, Canada and Mexico — historically the group's largest and most cyclical market.
City, intercity and coach buses sold under the Mercedes-Benz and Setra brands, mostly in Europe and Latin America.
Trucks sold under the Fuso and BharatBenz brands across Japan, India and other Asian markets.
Qué impulsa la demanda
CíclicoTruck orders follow freight volumes and haulage rates: when shippers have more goods to move and can charge more for it, fleets buy new trucks; when freight demand slumps, as it did through 2025, orders can fall for several quarters even after the freight market itself starts to recover, because fleets first work through excess capacity.
Riesgos clave
- Prolonged freight-market downturn — The company reported that the 2025 freight recession lasted longer than it had anticipated, with North American heavy-duty unit sales down sharply year over year, showing how quickly a soft freight market can cut into truck demand.
- US tariff exposure — Daimler Truck recorded roughly €250 million of tariff-related costs in 2025, concentrated in North America, which by the company's own account cut its return on sales by more than a full percentage point.
- Regional concentration and market cyclicality — North America and Europe together account for the large majority of unit sales, so a downturn in either region — as seen with the 6% decline in the European heavy-duty market in 2025 — has an outsized effect on group results.
Los argumentos a favor
Buyers argue that Daimler Truck's roughly 40% share of the North American Class 8 market gives it pricing power once the freight cycle turns, and that its size lets it absorb a tough year like 2025 while smaller rivals struggle more.
Los argumentos en contra
Sellers fear that the freight recession has already lasted longer than management expected, that US tariffs keep eating into North American margins, and that a business this dependent on two cyclical regions offers little shelter when both slow down at once.
Written by the editors, published on 18 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
Generated on 18 de septiembre de 2026 with claude-haiku-4-5 — shared with all users
Kenworth, Peterbilt and DAF are the direct rivals of Freightliner and Western Star in the North American Class 8 market, Daimler Truck's most profitable segment, and of Mercedes-Benz Trucks in Europe.
Through Scania, MAN and International, TRATON sells heavy and medium-duty trucks to the same European and North American fleet operators that buy Mercedes-Benz Trucks and Freightliner.
Volvo Trucks, Mack, Renault Trucks and UD compete with Daimler Truck brand for brand in Europe, North America and Asia, down to the long-haul tractor and the aftersales service contract.
Isuzu fights for the same light and medium-duty distribution truck customers in Japan and across Asia where Daimler Truck sells under the FUSO brand.
Iveco competes with Mercedes-Benz Trucks across the full European range, from light commercial vehicles to heavy tractors and city buses, and is currently the subject of a takeover by Tata Motors.
Sinotruk is a leading heavy-truck maker in China and a growing exporter to emerging markets, where it undercuts Daimler Truck on price for the same haulage customers.
Balance y Liquidez
Ingresos
$44.47B
Últimos 12 meses hasta el último trimestre publicado — estimación a partir de métricas por acción
Beneficio Neto
$2.55B
Últimos 12 meses hasta el último trimestre publicado — estimación a partir de métricas por acción
Flujo de Caja Libre
$5.42B
Patrimonio Neto Total
$22.57B
Pasivo Total
$29.14B
Ratio de Liquidez
1.70
Cobertura de Intereses
-
Deuda/EBITDA
7.76
Beneficio Por Acción
Ingresos y Beneficio Neto
Flujo de Caja Libre
Desglose de Ingresos
Estado histórico
Márgenes en el tiempo
La deuda en el tiempo
Cuánto pesa la deuda
Cuadro de crecimiento
Crecimiento — Ingresos
Estimación de Valor Justo
Valor Justo
$49.69
Precio Actual
$41.51
Margen de Seguridad
+16.5%
Rango de Valor Justo
$32.30 - $67.08
Dispersión entre los métodos de valoración utilizados, no un intervalo de confianza calibrado estadísticamente.
Métodos de Estimación
Métricas de Valoración
Ratio P/E
12.49
ROE
5.0%
Ratio P/B
1.42
P/FCF
5.87
Margen Bruto
17.9%
ROIC
4.8%
Radar de Rentabilidad
Creación de Valor (Ventaja Competitiva)
ROIC
4.8%
WACC
4.9%
ROIC − WACC
-0.0 pp
El ROIC está en línea con el coste del capital: la empresa apenas cubre su coste de capital.
Criterios de Análisis Fundamental
Superado (13)
- Price CAGR 6.30%
- P/FCF 5.87
- P/B Ratio 1.42
- Debt/Equity ratio
- Operating Margin 5.6%
- Positive Free Cash Flow
- Current Ratio
- Price below Graham Number
- DCF valuation (Undervalued)
- ROE 11.7%
- Analyst Consensus 70% Buy
- Earnings Surprise avg 8.8%
- Earnings Quality (OCF/NI) 1.93
Fallido (7)
- ROIC 4.8%
- Gross Margin 17.9%
- CapEx intensity
- Debt/EBITDA
- Revenue Growth 5Y 4.8%
- Net Margin Trend 4.0% vs 5.4%
- Piotroski F-Score 2/9
No disponible (7)
- EPS data insufficient
- Dividend Payout NaN%
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- PEG Ratio (need PE > 0 and growth > 0)
- Share Dilution (missing shares data)
Piotroski F-Score
Preocupaciones financieras graves
Calidad de los Beneficios
Alta calidad: beneficios respaldados por efectivo
Dilución de Acciones
Recomprando acciones. Favorable para el accionista
Participaciones institucionales
No hay declaraciones institucionales para esta empresa.
Gobernanza
Equipo Directivo
| Nombre | Cargo | Edad |
|---|---|---|
| Ms. Karin Radstrom | President, CEO & Member of the Board of Management | 46 |
| Ms. Eva Scherer | CFO, Finance & Controlling and Member of the Management Board | 42 |
| Mr. Jurgen Hartwig | Human Resource Officer, Labor Director & Member of the Board of Management | 58 |
| Mr. John O'Leary | Member of the Board of Management | 65 |
| Dr. Andreas Gorbach | Member of the Board of Management | 50 |
| Mr. Achim Puchert | Member of the Board of Management | 46 |
| Mr. Raghavendra Vaidya | Chief Information Officer | - |
| Mr. Marcus Poppe | Head of Investor Relations | - |
| Dr. Florian Hofer | Chief Legal & Compliance Officer | - |
| Mr. Thomas Hovermann | Head of Corporate Communications | - |
Riesgo de Auditoría
4
Riesgo del Consejo
5
Riesgo de Compensación
3
Riesgo de Derechos del Accionista
1
Parte 2 · El precio y el momento de entrar
Esta parte no sirve para saber si la empresa vale: sirve para elegir cuándo comprarla, una vez que los fundamentales te han convencido. Dentro: análisis técnico, potencial, caídas históricas, exposición gamma.
Latest News
Recent headlines for DTGHF, sourced from Markets Gazette.