Daimler Truck Holding AG (DE:DTG)
XETRA:DTG
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Daimler Truck Holding AG
(XETRA:DTG)
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Rating:61Neutral
Price Target:
€42.00
▼(-4.02% Downside)
Action:Reiterated
Date:05/19/26
The score reflects solid but weakening financial performance (lower TTM revenue and margins, volatile cash conversion) as the primary driver. Earnings call signals are moderately supportive due to reaffirmed guidance and strong orders/backlog, but are tempered by tariffs, North America volume weakness, and negative near-term free cash flow. Technical indicators point to soft momentum, and valuation is mixed with a high P/E offset by a high dividend yield.
Positive Factors
Market share leadership in key regions
Sustained top market shares in North America and rising share in Europe provide structural advantages: scale economics across procurement and manufacturing, stronger parts & service revenue from a larger installed base, and pricing leverage that supports margin recovery when volumes normalize.
Negative Factors
Revenue and margin deterioration
Declining top line and compressed margins indicate weakening core profitability and lower earnings power. Persistently lower margins reduce internal funding for R&D and electrification, weaken return on equity, and make the company more vulnerable in prolonged industry downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Market share leadership in key regions
Sustained top market shares in North America and rising share in Europe provide structural advantages: scale economics across procurement and manufacturing, stronger parts & service revenue from a larger installed base, and pricing leverage that supports margin recovery when volumes normalize.
Read all positive factors
Daimler Truck Holding AG (DTG) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€32.53B
Dividend Yield5.13%
Average Volume (3M)1.22M
Price to Earnings (P/E)23.4
Beta (1Y)1.11
Revenue Growth-17.39%
EPS Growth-50.68%
CountryDE
Employees104,919
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)1.80
Shares Outstanding765,600,400
10 Day Avg. Volume1,324,420
30 Day Avg. Volume1,218,896
Financial Highlights & Ratios
PEG Ratio-0.49
Price to Book (P/B)1.33
Price to Sales (P/S)0.63
P/FCF Ratio8.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€47.35Price Target Upside8.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)3.44
Revenue Forecast (FY)€48.69B
Daimler Truck Holding AG Business Overview & Revenue Model
Company Description
Daimler Truck Holding AG manufactures and sells medium- and heavy-duty trucks and buses in Europe, North America, Asia, Latin America, and internationally. It operates through five segments: Mercedes-Benz, Trucks North America, Trucks Asia, Daimle...
How the Company Makes Money
DTG primarily makes money by selling commercial vehicles and by generating recurring revenue from aftermarket and service activities over the life of those vehicles. Key revenue streams include: (1) New vehicle sales: Revenue is generated from the...
Daimler Truck Holding AG Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 07, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: strong commercial momentum (order intake up 50%, significant backlog, market share gains in Europe and North America, and solid liquidity) and confirmed guidance support a recovery narrative. However, near‑term financials were challenged by sharp volume declines (notably in North America), substantial tariff headwinds (low triple‑digit million impact in Q1), a EUR 200 million noncash impairment related to the battery JV, and negative industrial free cash flow (~EUR 400 million). Management expects a sequential recovery in Q2 and improvement in the second half, but the combination of current profitability hits and policy/tariff uncertainty tempers the outlook.Positive Updates
Strong Order Intake and Backlog Momentum
Incoming orders rose 50% year-over-year to 114,000 units, producing a book-to-bill of 166%. Trucks North America order intake exceeded 59,000 units (up 86% YoY, +13% sequentially) and Mercedes‑Benz Trucks order intake reached ~49,000 units (up 33% YoY). Management cites the strong backlog as a key support for H2 recovery.
Negative Updates
Material Profitability Decline in Industrial Business
Industrial Business revenue fell 14% YoY to EUR 9.1 billion and adjusted EBIT declined 55% to EUR 460 million, driven primarily by Trucks North America volume and tariff headwinds.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Order Intake and Backlog Momentum
Incoming orders rose 50% year-over-year to 114,000 units, producing a book-to-bill of 166%. Trucks North America order intake exceeded 59,000 units (up 86% YoY, +13% sequentially) and Mercedes‑Benz Trucks order intake reached ~49,000 units (up 33% YoY). Management cites the strong backlog as a key support for H2 recovery.
Read all positive updates
Company Guidance
Daimler Truck said its 2026 segment-level guidance remains unchanged and gave detailed market and segment targets: North American heavy‑duty market expected to land between 250,000–290,000 units and the EU30 market 290,000–330,000 units; Trucks North America is expected to deliver Q2 unit sales ~50% above Q1 with Q2 profitability at the upper end of the full‑year corridor and—assuming a lower effective tariff rate in H2—full‑year adjusted return on sales at the upper end of the 6–8% guidance range; Mercedes‑Benz Trucks sales are guided to rise ~15% sequentially in Q2 with profitability in the lower half of its corridor and a full‑year ROS target of 6–8%; Daimler Buses Q2 sales are expected ~30% above Q1 with profitability at the upper end of its 8–10% ROS corridor; free cash flow is now expected at the upper end of the full‑year guidance (benefiting from deferred Amplify cash contributions) with a strong recovery in Q2; and balance-sheet/transaction metrics cited included net industrial liquidity of EUR 7.1bn, expected ARCHION proceeds of EUR 1.5–2.0bn and a target free float ≥35% within 12 months.Daimler Truck Holding AG Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
66
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.00B | 45.53B | 54.08B | 55.89B | 50.95B | 39.76B |
| Gross Profit | 7.93B | 10.57B | 13.28B | 11.98B | 9.57B | 7.32B |
| EBITDA | 2.90B | 5.88B | 7.73B | 6.80B | 4.77B | 3.28B |
| Net Income | 1.38B | 1.97B | 2.90B | 3.77B | 2.67B | 2.35B |
Balance Sheet | ||||||
| Total Assets | 74.65B | 72.53B | 73.85B | 71.21B | 63.97B | 54.80B |
| Cash, Cash Equivalents and Short-Term Investments | 11.64B | 11.18B | 8.76B | 8.84B | 7.09B | 7.35B |
| Total Debt | 29.92B | 29.19B | 26.38B | 22.71B | 18.83B | 15.09B |
| Total Liabilities | 52.20B | 50.46B | 51.00B | 48.99B | 43.36B | 38.38B |
| Stockholders Equity | 21.91B | 21.55B | 22.20B | 21.61B | 6.67B | 2.71B |
Cash Flow | ||||||
| Free Cash Flow | 2.63B | 3.22B | 138.00M | -920.00M | -1.42B | 1.34B |
| Operating Cash Flow | 3.81B | 4.34B | 1.55B | 386.00M | -523.00M | 2.10B |
| Investing Cash Flow | -1.15B | -2.14B | -2.55B | -2.08B | -4.17B | 4.26B |
| Financing Cash Flow | -870.00M | 403.00M | 403.00M | 2.93B | 3.33B | -875.00M |
Daimler Truck Holding AG Technical Analysis
Positive
43.76
Price Trends
40.71
Positive
40.35
Positive
37.80
Positive
Market Momentum
0.34
Negative
56.73
Neutral
78.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:DTG, the sentiment is Positive. The current price of 43.76 is above the 20-day moving average (MA) of 40.79, above the 50-day MA of 40.71, and above the 200-day MA of 37.80, indicating a bullish trend. The MACD of 0.34 indicates Negative momentum. The RSI at 56.73 is Neutral, neither overbought nor oversold. The STOCH value of 78.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:DTG.
Daimler Truck Holding AG Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | €10.01B | 3.57 | 7.44% | 4.81% | -13.16% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | €32.53B | 23.45 | 6.48% | 5.13% | -17.39% | -50.68% | |
61 Neutral | €45.08B | 6.64 | 7.21% | 4.72% | -6.32% | 6.34% | |
59 Neutral | €17.15B | 12.92 | 7.18% | 5.67% | -5.63% | -48.13% | |
52 Neutral | €46.97B | 6.96 | 3.77% | 6.13% | -2.06% | -33.95% | |
48 Neutral | €46.97B | 6.96 | 3.77% | 6.03% | -2.06% | -33.95% |
* Industrials Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.