` Comparison: NIO vs MBG - Alpha Spread

NIO
vs
MBG

Over the past 12 months, NIO has significantly outperformed MBG, delivering a return of +37% compared to the MBG's 0% growth.

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NIO
MBG
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Valuation Comparison

NIO Intrinsic Value
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MBG Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
NIO Inc
SGX:NIO
5.88 USD
Mercedes Benz Group AG
MIL:MBG
70.4 EUR
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
NIO, MBG

NIO
MBG
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
NIO Inc
Revenue
Mercedes Benz Group AG
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
NIO, MBG

NIO
MBG
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
NIO Inc
SGX:NIO
Mercedes Benz Group AG
MIL:MBG
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What is Free Cash Flow?

Gross Margin

NIO
13.6%
MBG
23.1%
LTM 3Y Avg 5Y Avg 10Y Avg
NIO Inc
Mercedes Benz Group AG

Operating Margin

NIO
-15.3%
MBG
12.1%
LTM 3Y Avg 5Y Avg 10Y Avg
NIO Inc
Mercedes Benz Group AG

Net Margin

NIO
-17.8%
MBG
10%
LTM 3Y Avg 5Y Avg 10Y Avg
NIO Inc
Mercedes Benz Group AG

FCF Margin

NIO
-2.4%
MBG
5.7%
LTM 3Y Avg 5Y Avg 10Y Avg
NIO Inc
Mercedes Benz Group AG

ROE

NIO
-307.5%
MBG
18.7%
LTM 3Y Avg 5Y Avg 10Y Avg
NIO Inc
Mercedes Benz Group AG

ROA

NIO
-13.4%
MBG
6%
LTM 3Y Avg 5Y Avg 10Y Avg
NIO Inc
Mercedes Benz Group AG

ROIC

NIO
-35.4%
MBG
6.3%
LTM 3Y Avg 5Y Avg 10Y Avg
NIO Inc
Mercedes Benz Group AG

ROCE

NIO
-29.4%
MBG
11%
LTM 3Y Avg 5Y Avg 10Y Avg
NIO Inc
Mercedes Benz Group AG

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
NIO, MBG

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Performance Gap
NIO, MBG

Performance Gap Between NIO and MBG
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Performance By Year
NIO, MBG

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NIO
MBG
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett