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DEUTSCHE BANK AG-REGISTERED (DB) Stock Fundamental Analysis

NYSE:DB - New York Stock Exchange, Inc. - DE0005140008 - Common Stock - Currency: USD

34.73  +0.95 (+2.81%)

Premarket: 35.41 +0.68 (+1.96%)

Fundamental Rating

4

DB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 237 industry peers in the Capital Markets industry. DB has a bad profitability rating. Also its financial health evaluation is rather negative. A decent growth rate in combination with a cheap valuation! Better keep an eye on DB.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year DB was profitable.
In the past year DB had a positive cash flow from operations.
Each year in the past 5 years DB has been profitable.
In multiple years DB reported negative operating cash flow during the last 5 years.
DB Yearly Net Income VS EBIT VS OCF VS FCFDB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B -20B 40B -40B 60B

1.2 Ratios

Looking at the Return On Assets, with a value of 0.35%, DB is doing worse than 70.89% of the companies in the same industry.
DB has a Return On Equity (6.44%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA 0.35%
ROE 6.44%
ROIC N/A
ROA(3y)0.3%
ROA(5y)0.21%
ROE(3y)5.53%
ROE(5y)3.97%
ROIC(3y)N/A
ROIC(5y)N/A
DB Yearly ROA, ROE, ROICDB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 -10

1.3 Margins

DB has a Profit Margin (15.84%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of DB has grown nicely.
DB does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 15.84%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y6.12%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
DB Yearly Profit, Operating, Gross MarginsDB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20

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2

2. Health

2.1 Basic Checks

The number of shares outstanding for DB has been reduced compared to 1 year ago.
Compared to 5 years ago, DB has less shares outstanding
Compared to 1 year ago, DB has an improved debt to assets ratio.
DB Yearly Shares OutstandingDB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
DB Yearly Total Debt VS Total AssetsDB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500B 1T 1.5T

2.2 Solvency

The Debt to FCF ratio of DB is 11.14, which is on the high side as it means it would take DB, 11.14 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of DB (11.14) is comparable to the rest of the industry.
DB has a Debt/Equity ratio of 3.16. This is a high value indicating a heavy dependency on external financing.
DB's Debt to Equity ratio of 3.16 is on the low side compared to the rest of the industry. DB is outperformed by 82.28% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.16
Debt/FCF 11.14
Altman-Z N/A
ROIC/WACCN/A
WACCN/A
DB Yearly LT Debt VS Equity VS FCFDB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50B -50B 100B 150B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
DB Yearly Current Assets VS Current LiabilitesDB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B 100B

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 17.96% over the past year.
The Earnings Per Share has been growing by 20.68% on average over the past years. This is a very strong growth
Looking at the last year, DB shows a small growth in Revenue. The Revenue has grown by 6.50% in the last year.
DB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.88% yearly.
EPS 1Y (TTM)17.96%
EPS 3Y20.68%
EPS 5YN/A
EPS Q2Q%-9.21%
Revenue 1Y (TTM)6.5%
Revenue growth 3Y5.28%
Revenue growth 5Y4.88%
Sales Q2Q%2.83%

3.2 Future

The Earnings Per Share is expected to grow by 12.81% on average over the next years. This is quite good.
Based on estimates for the next years, DB will show a small growth in Revenue. The Revenue will grow by 2.09% on average per year.
EPS Next Y16.84%
EPS Next 2Y14.29%
EPS Next 3Y12.81%
EPS Next 5YN/A
Revenue Next Year5.42%
Revenue Next 2Y4.01%
Revenue Next 3Y3.62%
Revenue Next 5Y2.09%

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
DB Yearly Revenue VS EstimatesDB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10B 20B 30B
DB Yearly EPS VS EstimatesDB Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 1 2 3

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7

4. Valuation

4.1 Price/Earnings Ratio

DB is valuated reasonably with a Price/Earnings ratio of 10.40.
Based on the Price/Earnings ratio, DB is valued a bit cheaper than the industry average as 72.57% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of DB to the average of the S&P500 Index (26.99), we can say DB is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.52, the valuation of DB can be described as reasonable.
DB's Price/Forward Earnings ratio is rather cheap when compared to the industry. DB is cheaper than 80.17% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.36. DB is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.4
Fwd PE 9.52
DB Price Earnings VS Forward Price EarningsDB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

DB's Price/Free Cash Flow ratio is rather cheap when compared to the industry. DB is cheaper than 87.76% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.71
EV/EBITDA N/A
DB Per share dataDB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

DB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
DB's earnings are expected to grow with 12.81% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.62
PEG (5Y)N/A
EPS Next 2Y14.29%
EPS Next 3Y12.81%

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.35%, DB has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 8.27, DB is paying slightly less dividend.
DB's Dividend Yield is comparable with the S&P500 average which is at 2.40.
Industry RankSector Rank
Dividend Yield 2.35%

5.2 History

The dividend of DB is nicely growing with an annual growth rate of 32.48%!
DB has paid a dividend for at least 10 years, which is a reliable track record.
DB has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)32.48%
Div Incr Years3
Div Non Decr Years3
DB Yearly Dividends per shareDB Yearly Dividends per shareYearly Dividends per share 2015 2017 2018 2019 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

DB pays out 26.73% of its income as dividend. This is a sustainable payout ratio.
DB's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP26.73%
EPS Next 2Y14.29%
EPS Next 3Y12.81%
DB Yearly Income VS Free CF VS DividendDB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B -20B 40B -40B 60B
DB Dividend Payout.DB Dividend Payout, showing the Payout Ratio.DB Dividend Payout.PayoutRetained Earnings

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DEUTSCHE BANK AG-REGISTERED

NYSE:DB (8/6/2025, 8:17:37 PM)

Premarket: 35.41 +0.68 (+1.96%)

34.73

+0.95 (+2.81%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)07-24 2025-07-24/bmo
Earnings (Next)10-29 2025-10-29
Inst Owners44.49%
Inst Owner Change0.14%
Ins Owners8.06%
Ins Owner ChangeN/A
Market Cap67.66B
Analysts76.52
Price Target29.08 (-16.27%)
Short Float %0.87%
Short Ratio5.33
Dividend
Industry RankSector Rank
Dividend Yield 2.35%
Yearly Dividend0.51
Dividend Growth(5Y)32.48%
DP26.73%
Div Incr Years3
Div Non Decr Years3
Ex-Date05-23 2025-05-23 (0.68)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.9%
Min EPS beat(2)8.72%
Max EPS beat(2)19.08%
EPS beat(4)4
Avg EPS beat(4)13.35%
Min EPS beat(4)4.98%
Max EPS beat(4)20.63%
EPS beat(8)7
Avg EPS beat(8)24.51%
EPS beat(12)11
Avg EPS beat(12)31.89%
EPS beat(16)13
Avg EPS beat(16)73.25%
Revenue beat(2)1
Avg Revenue beat(2)0.46%
Min Revenue beat(2)-0.43%
Max Revenue beat(2)1.36%
Revenue beat(4)3
Avg Revenue beat(4)0.58%
Min Revenue beat(4)-0.43%
Max Revenue beat(4)1.36%
Revenue beat(8)4
Avg Revenue beat(8)-0.47%
Revenue beat(12)7
Avg Revenue beat(12)0.02%
Revenue beat(16)11
Avg Revenue beat(16)1.99%
PT rev (1m)1.81%
PT rev (3m)13.61%
EPS NQ rev (1m)0.53%
EPS NQ rev (3m)-5.07%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)-2.51%
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)0.61%
Valuation
Industry RankSector Rank
PE 10.4
Fwd PE 9.52
P/S 1.89
P/FCF 2.71
P/OCF 2.65
P/B 0.77
P/tB 0.85
EV/EBITDA N/A
EPS(TTM)3.34
EY9.62%
EPS(NY)3.65
Fwd EY10.51%
FCF(TTM)12.83
FCFY36.93%
OCF(TTM)13.12
OCFY37.78%
SpS18.4
BVpS45.27
TBVpS40.88
PEG (NY)0.62
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.35%
ROE 6.44%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 15.84%
GM N/A
FCFM 69.7%
ROA(3y)0.3%
ROA(5y)0.21%
ROE(3y)5.53%
ROE(5y)3.97%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y6.12%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 3.16
Debt/FCF 11.14
Debt/EBITDA N/A
Cap/Depr 14.36%
Cap/Sales 1.61%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 439.9%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)12.9%
Cap/Depr(5y)15.49%
Cap/Sales(3y)1.36%
Cap/Sales(5y)1.59%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)17.96%
EPS 3Y20.68%
EPS 5YN/A
EPS Q2Q%-9.21%
EPS Next Y16.84%
EPS Next 2Y14.29%
EPS Next 3Y12.81%
EPS Next 5YN/A
Revenue 1Y (TTM)6.5%
Revenue growth 3Y5.28%
Revenue growth 5Y4.88%
Sales Q2Q%2.83%
Revenue Next Year5.42%
Revenue Next 2Y4.01%
Revenue Next 3Y3.62%
Revenue Next 5Y2.09%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y241.08%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y247.53%
OCF growth 3YN/A
OCF growth 5YN/A