# Mercedes-Benz CDR (CAD Hedged) (BENZ.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Consumer Cyclical / Automobiles. Price C$17.05, market value C$57.5 billion.

## Valuation
- **P/E (trailing): 6.9×** (5-yr avg 16.1×, 3-yr avg 16.1×). Mercedes-Benz CDR (CAD Hedged) trades at 6.9× trailing earnings, well below its own five-year average of 16.1×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×.
- **Price / sales: 0.4×**. Each dollar of revenue is priced at 0.4×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.4×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 8.2×**. Enterprise value is 8.2× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 1.1%** (5-yr avg 10.0%). Free cash flow equals 1.1% of the market value, below its five-year average of 10.0%, so the shares are pricier on cash than usual.
- **Earnings yield: 14.5%**. The inverse of the P/E: 14.5% of the price is earned each year.

## Profitability
- **Gross margin: 17.3%**. Mercedes-Benz CDR (CAD Hedged) keeps 17.3% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 5.2%**. 5.2% of revenue is left after running the business.
- **Net margin: 3.9%**. 3.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.5%**. 5.5% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 3.3%**. Return on all capital, debt included, is 3.3%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 2.1%**. Each dollar of assets produces 2.1% of profit.

## Growth
- **Revenue growth (1 yr): -9.2%** (3-yr -4.1%/yr). Revenue fell 9.2% over the last year.
- **EPS growth (1 yr): -47.6%** (3-yr -26.7%/yr). Earnings per share fell 47.6%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -6.1%/yr**. Free cash flow has compounded at -6.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.88**. Debt is 0.88 times equity, moderate leverage.
- **Net debt / EBITDA: 4.3×**. It would take 4.3 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 19.3×**. Operating profit covers interest 19.3× over, a safe margin.
- **Current ratio: 1.38** (quick 1.06). Current assets cover the next year's liabilities 1.38 times.
- **Altman Z-score: 1.44**. A Z-score of 1.44 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Mercedes-Benz CDR (CAD Hedged) does not currently pay a dividend, but it returned 3.9% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): -25.2%** (YTD -29.2%, 3-mo -14.2%). The shares are down 25.2% over twelve months including dividends.
- **From 52-week high: -35.0%** (3.9% above the low). Trading 35% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 0.32** (volatility 26%). Beta of 0.32 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BENZ.TO · Page: https://foliofundamentals.com/stocks/benz.to

Not investment advice.