In the midst of the corona crisis, Daimler was particularly at risk, says CFO Harald Wilhelm.
(Photo: http://media.daimler.com)
Munich High demand, substantial profits, a rosy outlook: the Daimler car company is right on track from the point of view of the Board of Management. But the story has not yet reached the stock exchange, the share is still a bargain in the German leading index Dax. The market capitalization of the Swabians of currently 78 billion euros is only about six times the expected net profit for 2021. That is a very low number.
For comparison: The so-called price-earnings ratio of all 30 DAX companies is on average 14.6 more than twice as high. Daimler CFO Harald Wilhelm is alarmed: “In the end, a lower multiple means that the lights will go out in three years,” the top manager told Handelsblatt. “But that is by no means our perspective.”
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