DEUTSCHE BANK AG-REGISTERED (DB) Stock Fundamental Analysis
NYSE:DB - DE0005140008 - Common Stock
35.04 USD
-1.78 (-4.83%)
34.9 USD
-0.14 (-0.4%)
Taking everything into account, DB scores 4 out of 10 in our fundamental rating. DB was compared to 238 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.
1. Profitability
1.1 Basic Checks
In the past year DB was profitable.
DB had a positive operating cash flow in the past year.
DB had positive earnings in each of the past 5 years.
In multiple years DB reported negative operating cash flow during the last 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.35%, DB is doing worse than 71.85% of the companies in the same industry.
The Return On Equity of DB (6.44%) is comparable to the rest of the industry.
| Industry Rank | Sector 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
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 Rank | Sector 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
2. Health
2.1 Basic Checks
DB has less shares outstanding than it did 1 year ago.
DB has less shares outstanding than it did 5 years ago.
DB has a better debt/assets ratio than last year.
2.2 Solvency
DB has a debt to FCF ratio of 11.14. This is a negative value and a sign of low solvency as DB would need 11.14 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 11.14, DB is in line with its industry, outperforming 53.36% of the companies in the same 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 82.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.16 | ||
| Debt/FCF | 11.14 | ||
| 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
DB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.96%, which is quite good.
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 6.50% in the past 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 5.04% on average over the next years.
The Revenue is expected to grow by 2.71% on average over the next years.
EPS Next Y20.57%
EPS Next 2Y16.36%
EPS Next 3Y14.62%
EPS Next 5Y5.04%
Revenue Next Year5.55%
Revenue Next 2Y4.06%
Revenue Next 3Y3.76%
Revenue Next 5Y2.71%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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
A Price/Earnings ratio of 10.40 indicates a reasonable valuation of DB.
Based on the Price/Earnings ratio, DB is valued a bit cheaper than the industry average as 68.49% of the companies are valued more expensively.
DB is valuated cheaply when we compare the Price/Earnings ratio to 27.14, which is the current average of the S&P500 Index.
DB is valuated reasonably with a Price/Forward Earnings ratio of 9.17.
75.21% of the companies in the same industry are more expensive than DB, based on the Price/Forward Earnings ratio.
DB is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.80, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.4 | ||
| Fwd PE | 9.17 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, DB is valued cheaper than 88.66% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.71 | ||
| 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.
DB's earnings are expected to grow with 14.62% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.51
PEG (5Y)N/A
EPS Next 2Y16.36%
EPS Next 3Y14.62%
5. Dividend
5.1 Amount
DB has a Yearly Dividend Yield of 2.15%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 8.00, DB has a dividend in line with its industry peers.
DB's Dividend Yield is comparable with the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.15% |
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 not decreased its dividend in the last 3 years.
Dividend Growth(5Y)32.48%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
DB pays out 26.73% of its income as dividend. This is a sustainable payout ratio.
The dividend of DB is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP26.73%
EPS Next 2Y16.36%
EPS Next 3Y14.62%
35.04
-1.78 (-4.83%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners44.49%
Inst Owner Change5.73%
Ins Owners8.06%
Ins Owner ChangeN/A
Market Cap68.27B
Analysts70.43
Price Target34.76 (-0.8%)
Short Float %0.35%
Short Ratio2.22
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.15% |
Yearly Dividend0.52
Dividend Growth(5Y)32.48%
DP26.73%
Div Incr Years3
Div Non Decr Years3
Ex-Date
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)0.51%
Min Revenue beat(2)-0.34%
Max Revenue beat(2)1.36%
Revenue beat(4)3
Avg Revenue beat(4)0.6%
Min Revenue beat(4)-0.34%
Max Revenue beat(4)1.36%
Revenue beat(8)4
Avg Revenue beat(8)-0.46%
Revenue beat(12)7
Avg Revenue beat(12)0.03%
Revenue beat(16)11
Avg Revenue beat(16)1.99%
PT rev (1m)19.52%
PT rev (3m)29.77%
EPS NQ rev (1m)0.3%
EPS NQ rev (3m)-5.18%
EPS NY rev (1m)3.19%
EPS NY rev (3m)3.19%
Revenue NQ rev (1m)0.3%
Revenue NQ rev (3m)-2.51%
Revenue NY rev (1m)0.3%
Revenue NY rev (3m)0.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.4 | ||
| Fwd PE | 9.17 | ||
| 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)3.37
EY9.62%
EPS(NY)3.82
Fwd EY10.9%
FCF(TTM)12.95
FCFY36.95%
OCF(TTM)13.25
OCFY37.8%
SpS18.58
BVpS45.7
TBVpS41.27
PEG (NY)0.51
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 Y20.57%
EPS Next 2Y16.36%
EPS Next 3Y14.62%
EPS Next 5Y5.04%
Revenue 1Y (TTM)6.5%
Revenue growth 3Y5.28%
Revenue growth 5Y4.88%
Sales Q2Q%2.83%
Revenue Next Year5.55%
Revenue Next 2Y4.06%
Revenue Next 3Y3.76%
Revenue Next 5Y2.71%
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 1Y241.08%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y247.53%
OCF growth 3YN/A
OCF growth 5YN/A