Subject category:
Finance, Accounting and Control
Originally published in:
2020
Version: 3-Feb-2020
Length: 3 pages
Data source: Generalised experience
Abstract
This case presents a concrete example of company valuation using the peer comparison method. The goal is to assess the value at the end of 2017 of Daimler, a German automotive corporation, by using a sample of five comparable companies: Peugeot, Renault, BMW, Audi, and Ford. Accounting figures for the current and the two previous years allow the construction of five different multiples: Net Sales, EBIT, EBITDA, Net Income, and Book Value multiple. The data were collected from Thomson Reuters Datastream and are available in the attached Excel file. In a second step, students are asked to compare their result with the true stock price of Daimler at the end of 2017 and discuss the over / undervaluation of the share.
Teaching and learning
This item is suitable for undergraduate, postgraduate and executive education courses.Geographical setting
Region:
Europe
Country:
France
Featured company
Daimler AG
Employees:
10000+
Turnover:
EUR 164 billion
Type:
Public company
Industry:
Automotive
Subject category:
Finance, Accounting and Control
Originally published in:
2020
Version: 3-Feb-2020
Length: 5 pages
Data source: Generalised experience
Subject category:
Finance, Accounting and Control
Originally published in:
2020
Format:
.xlsx
Data source: Generalised experience
About
Abstract
This case presents a concrete example of company valuation using the peer comparison method. The goal is to assess the value at the end of 2017 of Daimler, a German automotive corporation, by using a sample of five comparable companies: Peugeot, Renault, BMW, Audi, and Ford. Accounting figures for the current and the two previous years allow the construction of five different multiples: Net Sales, EBIT, EBITDA, Net Income, and Book Value multiple. The data were collected from Thomson Reuters Datastream and are available in the attached Excel file. In a second step, students are asked to compare their result with the true stock price of Daimler at the end of 2017 and discuss the over / undervaluation of the share.
Teaching and learning
This item is suitable for undergraduate, postgraduate and executive education courses.Settings
Geographical setting
Region:
Europe
Country:
France
Featured company
Daimler AG
Employees:
10000+
Turnover:
EUR 164 billion
Type:
Public company
Industry:
Automotive
Related
Subject category:
Finance, Accounting and Control
Originally published in:
2020
Version: 3-Feb-2020
Length: 5 pages
Data source: Generalised experience
Subject category:
Finance, Accounting and Control
Originally published in:
2020
Format:
.xlsx
Data source: Generalised experience