Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria,CFA

Sreemant Dudhoria is a CFA Charterholder with 15 years of experience in equity research and information technology. He is also a SEBI-registered Research Analyst (Registration Number: INH000016861). His focus is on analyzing companies with bottom-up specific triggers. Previously, he has worked with Unifi Capital and Infosys Technologies Limited.

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

Equity Bottom-Up

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<a href="https://www.smartkarma.com/entities/mercedes-benz-group-ag" target="_blank" data-smartkarma-citation="entities:21602:1" rel="noopener">Mercedes-Benz Group (MBG GR)'s</a> EBIT fell 30% in 2024 and another 24% in Q12025; management expects significantly lower earnings &amp;free cash flow in 2025 amid rising capex, weak pricing and tariffs</li>
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<strong> China &amp; JV Risk:</strong> 34% of units sold in China yield limited profit. EV price wars and slowing demand in the region continue to erode margins.</li>
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<strong> Valuation Trap:</strong> Despite a low P/E (~8x FY25e), high dividend yield (~8%), the cheap valuation may be unsustainable as structural pressures mount from tariffs, EV transition costs, and falling RoS.</li>
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Mercedes-Benz Group (MBG GR)'s EBIT fell 30% in 2024 and another 24% in Q12025; management expects significantly lower earnings &amp;free cash flow in 2025 amid rising capex, weak pricing and tariffs

 China &amp; JV Risk: 34% of units sold in China yield limited profit. EV price wars and slowing demand in the region continue to erode margins.

 Valuation Trap: Despite a low P/E (~8x FY25e), high dividend yield (~8%), the cheap valuation may be unsustainable as structural pressures mount from tariffs, EV transition costs, and falling RoS.


Mercedes-Benz Group

Short - Mercedes-Benz Group AG (MBG.DE)