DEUTSCHE BANK AG-REGISTERED (DB) Stock Fundamental Analysis
NYSE:DB - New York Stock Exchange, Inc. - DE0005140008 - Common Stock - Currency: USD
Overall DB gets a fundamental rating of 3 out of 10. We evaluated DB against 230 industry peers in the Capital Markets industry. DB has a bad profitability rating. Also its financial health evaluation is rather negative. DB is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
DB had positive earnings in the past year.
In the past year DB has reported a negative cash flow from operations.
DB had positive earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: DB reported negative operating cash flow in multiple years.
1.2 Ratios
DB's Return On Assets of 0.20% is on the low side compared to the rest of the industry. DB is outperformed by 73.48% of its industry peers.
DB has a worse Return On Equity (3.59%) than 66.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.2% | ||
| ROE | 3.59% | ||
| 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
1.3 Margins
Looking at the Profit Margin, with a value of 9.28%, DB is doing worse than 61.74% of the companies in the same industry.
DB's Profit Margin has improved in the last couple of years.
The Operating Margin and Gross Margin are not available for DB so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 9.28% | ||
| 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
2. Health
2.1 Basic Checks
Compared to 1 year ago, DB has less shares outstanding
DB has less shares outstanding than it did 5 years ago.
The debt/assets ratio for DB has been reduced compared to a year ago.
2.2 Solvency
DB has a Debt/Equity ratio of 2.57. This is a high value indicating a heavy dependency on external financing.
DB has a Debt to Equity ratio of 2.57. This is in the lower half of the industry: DB underperforms 79.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.57 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 27.53% over the past year.
Measured over the past years, DB shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.68% on average per year.
The Revenue has been growing slightly by 6.42% in the past year.
Measured over the past years, DB shows a small growth in Revenue. The Revenue has been growing by 4.88% on average per year.
EPS 1Y (TTM)27.53%
EPS 3Y20.68%
EPS 5YN/A
EPS Q2Q%86.52%
Revenue 1Y (TTM)6.42%
Revenue growth 3Y5.28%
Revenue growth 5Y4.88%
Sales Q2Q%1.3%
3.2 Future
DB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.81% yearly.
DB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.71% yearly.
EPS Next Y16.84%
EPS Next 2Y14.29%
EPS Next 3Y12.81%
EPS Next 5YN/A
Revenue Next Year5.24%
Revenue Next 2Y3.82%
Revenue Next 3Y3.41%
Revenue Next 5Y0.71%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.84, the valuation of DB can be described as reasonable.
Based on the Price/Earnings ratio, DB is valued a bit cheaper than the industry average as 79.13% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of DB to the average of the S&P500 Index (25.91), we can say DB is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 7.95, the valuation of DB can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DB indicates a rather cheap valuation: DB is cheaper than 86.09% of the companies listed in the same industry.
DB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.84 | ||
| Fwd PE | 7.95 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as DB's earnings are expected to grow with 12.81% in the coming years.
PEG (NY)0.52
PEG (5Y)N/A
EPS Next 2Y14.29%
EPS Next 3Y12.81%
5. Dividend
5.1 Amount
DB has a Yearly Dividend Yield of 2.70%.
Compared to an average industry Dividend Yield of 8.11, DB has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, DB has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.7% |
5.2 History
On average, the dividend of DB grows each year by 32.48%, which is quite nice.
DB has been paying a dividend for at least 10 years, so it has a reliable track record.
DB has decreased its dividend in the last 3 years.
Dividend Growth(5Y)32.48%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
31.63% of the earnings are spent on dividend by DB. This is a low number and sustainable payout ratio.
The dividend of DB is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP31.63%
EPS Next 2Y14.29%
EPS Next 3Y12.81%
28.46
+0.01 (+0.04%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners50.83%
Inst Owner Change6.3%
Ins Owners8.05%
Ins Owner ChangeN/A
Market Cap55.45B
Analysts73.91
Price Target26.79 (-5.87%)
Short Float %0.35%
Short Ratio1.38
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.7% |
Yearly Dividend0.5
Dividend Growth(5Y)32.48%
DP31.63%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.81%
Min EPS beat(2)4.98%
Max EPS beat(2)20.63%
EPS beat(4)3
Avg EPS beat(4)20.19%
Min EPS beat(4)-22.46%
Max EPS beat(4)77.61%
EPS beat(8)7
Avg EPS beat(8)22.22%
EPS beat(12)10
Avg EPS beat(12)30.33%
EPS beat(16)13
Avg EPS beat(16)77.6%
Revenue beat(2)2
Avg Revenue beat(2)0.7%
Min Revenue beat(2)0.19%
Max Revenue beat(2)1.2%
Revenue beat(4)3
Avg Revenue beat(4)0.32%
Min Revenue beat(4)-0.17%
Max Revenue beat(4)1.2%
Revenue beat(8)5
Avg Revenue beat(8)-0.05%
Revenue beat(12)8
Avg Revenue beat(12)1.35%
Revenue beat(16)12
Avg Revenue beat(16)2.84%
PT rev (1m)10.84%
PT rev (3m)31.6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.78%
EPS NY rev (1m)0%
EPS NY rev (3m)1.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.25%
Revenue NY rev (1m)0.61%
Revenue NY rev (3m)1.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.84 | ||
| Fwd PE | 7.95 | ||
| P/S | 1.63 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.63 | ||
| P/tB | 0.7 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.22
EY11.31%
EPS(NY)3.58
Fwd EY12.57%
FCF(TTM)-16.92
FCFYN/A
OCF(TTM)-16.61
OCFYN/A
SpS17.49
BVpS45.22
TBVpS40.72
PEG (NY)0.52
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.2% | ||
| ROE | 3.59% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 9.28% | ||
| GM | N/A | ||
| FCFM | 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
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-Score3
Asset Turnover0.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.57 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 15.58% | ||
| Cap/Sales | 1.75% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score3
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)27.53%
EPS 3Y20.68%
EPS 5YN/A
EPS Q2Q%86.52%
EPS Next Y16.84%
EPS Next 2Y14.29%
EPS Next 3Y12.81%
EPS Next 5YN/A
Revenue 1Y (TTM)6.42%
Revenue growth 3Y5.28%
Revenue growth 5Y4.88%
Sales Q2Q%1.3%
Revenue Next Year5.24%
Revenue Next 2Y3.82%
Revenue Next 3Y3.41%
Revenue Next 5Y0.71%
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 1Y-661.48%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-609.81%
OCF growth 3YN/A
OCF growth 5YN/A