DEUTSCHE BOERSE AG (DB1.DE) Stock Fundamental Analysis
FRA:DB1 - Deutsche Boerse Ag - DE0005810055 - Common Stock - Currency: EUR
Taking everything into account, DB1 scores 5 out of 10 in our fundamental rating. DB1 was compared to 114 industry peers in the Capital Markets industry. While DB1 belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. DB1 has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year DB1 was profitable.
DB1 had a positive operating cash flow in the past year.
DB1 had positive earnings in each of the past 5 years.
Each year in the past 5 years DB1 had a positive operating cash flow.
1.2 Ratios
DB1's Return On Assets of 0.88% is in line compared to the rest of the industry. DB1 outperforms 51.75% of its industry peers.
Looking at the Return On Equity, with a value of 18.09%, DB1 belongs to the top of the industry, outperforming 85.96% of the companies in the same industry.
DB1's Return On Invested Capital of 4.82% is fine compared to the rest of the industry. DB1 outperforms 70.18% of its industry peers.
DB1 had an Average Return On Invested Capital over the past 3 years of 4.54%. This is below the industry average of 8.01%.
The last Return On Invested Capital (4.82%) for DB1 is above the 3 year average (4.54%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.88% | ||
| ROE | 18.09% | ||
| ROIC | 4.82% |
ROA(3y)0.72%
ROA(5y)0.68%
ROE(3y)17.86%
ROE(5y)17.57%
ROIC(3y)4.54%
ROIC(5y)4.18%
1.3 Margins
With a decent Profit Margin value of 27.65%, DB1 is doing good in the industry, outperforming 78.07% of the companies in the same industry.
DB1's Profit Margin has declined in the last couple of years.
DB1's Operating Margin of 40.85% is amongst the best of the industry. DB1 outperforms 82.46% of its industry peers.
DB1's Operating Margin has declined in the last couple of years.
The Gross Margin of DB1 (82.70%) is better than 80.70% of its industry peers.
In the last couple of years the Gross Margin of DB1 has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 40.85% | ||
| PM (TTM) | 27.65% | ||
| GM | 82.7% |
OM growth 3Y2.33%
OM growth 5Y-1.95%
PM growth 3Y0.54%
PM growth 5Y-1.8%
GM growth 3Y1.57%
GM growth 5Y-1.36%
2. Health
2.1 Basic Checks
The number of shares outstanding for DB1 has been reduced compared to 1 year ago.
DB1 has more shares outstanding than it did 5 years ago.
The debt/assets ratio for DB1 is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.30, we must say that DB1 is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of DB1 (0.30) is comparable to the rest of the industry.
The Debt to FCF ratio of DB1 is 12.21, which is on the high side as it means it would take DB1, 12.21 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of DB1 (12.21) is better than 67.54% of its industry peers.
DB1 has a Debt/Equity ratio of 2.32. This is a high value indicating a heavy dependency on external financing.
DB1 has a Debt to Equity ratio of 2.32. This is comparable to the rest of the industry: DB1 outperforms 43.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.32 | ||
| Debt/FCF | 12.21 | ||
| Altman-Z | 0.3 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.02 indicates that DB1 should not have too much problems paying its short term obligations.
The Current ratio of DB1 (1.02) is better than 64.91% of its industry peers.
A Quick Ratio of 1.02 indicates that DB1 should not have too much problems paying its short term obligations.
DB1's Quick ratio of 1.02 is fine compared to the rest of the industry. DB1 outperforms 65.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.02 | ||
| Quick Ratio | 1.02 |
3. Growth
3.1 Past
DB1 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.62%, which is quite good.
The Earnings Per Share has been growing by 11.94% on average over the past years. This is quite good.
DB1 shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.77%.
Measured over the past years, DB1 shows a quite strong growth in Revenue. The Revenue has been growing by 16.28% on average per year.
EPS 1Y (TTM)13.62%
EPS 3Y17.17%
EPS 5Y11.94%
EPS Q2Q%5.93%
Revenue 1Y (TTM)12.77%
Revenue growth 3Y16.59%
Revenue growth 5Y16.28%
Sales Q2Q%5.58%
3.2 Future
The Earnings Per Share is expected to grow by 2.71% on average over the next years.
DB1 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.47% yearly.
EPS Next Y8.39%
EPS Next 2Y7.68%
EPS Next 3Y8.33%
EPS Next 5Y2.71%
Revenue Next Year5.18%
Revenue Next 2Y5.11%
Revenue Next 3Y5.47%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 26.37 indicates a quite expensive valuation of DB1.
DB1's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.20, DB1 is valued at the same level.
A Price/Forward Earnings ratio of 23.08 indicates a rather expensive valuation of DB1.
DB1's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.13, DB1 is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.37 | ||
| Fwd PE | 23.08 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DB1 indicates a rather cheap valuation: DB1 is cheaper than 88.60% of the companies listed in the same industry.
71.93% of the companies in the same industry are more expensive than DB1, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.06 | ||
| EV/EBITDA | 6.21 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates DB1 does not grow enough to justify the current Price/Earnings ratio.
DB1 has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.14
PEG (5Y)2.21
EPS Next 2Y7.68%
EPS Next 3Y8.33%
5. Dividend
5.1 Amount
DB1 has a Yearly Dividend Yield of 1.39%. Purely for dividend investing, there may be better candidates out there.
DB1's Dividend Yield is comparable with the industry average which is at 5.98.
With a Dividend Yield of 1.39, DB1 pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.39% |
5.2 History
The dividend of DB1 is nicely growing with an annual growth rate of 6.94%!
Dividend Growth(5Y)6.94%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
DB1 pays out 35.81% of its income as dividend. This is a sustainable payout ratio.
DB1's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP35.81%
EPS Next 2Y7.68%
EPS Next 3Y8.33%
FRA:DB1 (5/29/2025, 5:36:15 PM)
283.7
-2.3 (-0.8%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners65.41%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap53.42B
Analysts73.08
Price Target284.26 (0.2%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.39% |
Yearly Dividend3.78
Dividend Growth(5Y)6.94%
DP35.81%
Div Incr Years5
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.24%
Min EPS beat(2)-4.63%
Max EPS beat(2)7.11%
EPS beat(4)3
Avg EPS beat(4)1.31%
Min EPS beat(4)-4.63%
Max EPS beat(4)7.11%
EPS beat(8)5
Avg EPS beat(8)0.23%
EPS beat(12)9
Avg EPS beat(12)1.73%
EPS beat(16)13
Avg EPS beat(16)2.19%
Revenue beat(2)0
Avg Revenue beat(2)-1.01%
Min Revenue beat(2)-1.62%
Max Revenue beat(2)-0.4%
Revenue beat(4)0
Avg Revenue beat(4)-0.85%
Min Revenue beat(4)-1.62%
Max Revenue beat(4)-0.4%
Revenue beat(8)2
Avg Revenue beat(8)2.47%
Revenue beat(12)6
Avg Revenue beat(12)10.04%
Revenue beat(16)10
Avg Revenue beat(16)13.81%
PT rev (1m)6.97%
PT rev (3m)10.47%
EPS NQ rev (1m)-0.72%
EPS NQ rev (3m)0.88%
EPS NY rev (1m)0%
EPS NY rev (3m)2.69%
Revenue NQ rev (1m)-0.26%
Revenue NQ rev (3m)3.26%
Revenue NY rev (1m)-0.65%
Revenue NY rev (3m)0.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.37 | ||
| Fwd PE | 23.08 | ||
| P/S | 7.58 | ||
| P/FCF | 26.06 | ||
| P/OCF | 22.16 | ||
| P/B | 4.96 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.21 |
EPS(TTM)10.76
EY3.79%
EPS(NY)12.29
Fwd EY4.33%
FCF(TTM)10.89
FCFY3.84%
OCF(TTM)12.8
OCFY4.51%
SpS37.43
BVpS57.2
TBVpS-9.94
PEG (NY)3.14
PEG (5Y)2.21
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.88% | ||
| ROE | 18.09% | ||
| ROCE | 11.15% | ||
| ROIC | 4.82% | ||
| ROICexc | 9.13% | ||
| ROICexgc | 19.97% | ||
| OM | 40.85% | ||
| PM (TTM) | 27.65% | ||
| GM | 82.7% | ||
| FCFM | 29.09% |
ROA(3y)0.72%
ROA(5y)0.68%
ROE(3y)17.86%
ROE(5y)17.57%
ROIC(3y)4.54%
ROIC(5y)4.18%
ROICexc(3y)8.84%
ROICexc(5y)8.37%
ROICexgc(3y)18.92%
ROICexgc(5y)16.68%
ROCE(3y)10.16%
ROCE(5y)9.53%
ROICexcg growth 3Y25.66%
ROICexcg growth 5Y9.7%
ROICexc growth 3Y13.65%
ROICexc growth 5Y2.09%
OM growth 3Y2.33%
OM growth 5Y-1.95%
PM growth 3Y0.54%
PM growth 5Y-1.8%
GM growth 3Y1.57%
GM growth 5Y-1.36%
F-Score8
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.32 | ||
| Debt/FCF | 12.21 | ||
| Debt/EBITDA | 7.45 | ||
| Cap/Depr | 75.22% | ||
| Cap/Sales | 5.12% | ||
| Interest Coverage | 1.37 | ||
| Cash Conversion | 71.79% | ||
| Profit Quality | 105.21% | ||
| Current Ratio | 1.02 | ||
| Quick Ratio | 1.02 | ||
| Altman-Z | 0.3 |
F-Score8
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)81.3%
Cap/Depr(5y)78.61%
Cap/Sales(3y)5.19%
Cap/Sales(5y)5.09%
Profit Quality(3y)127.32%
Profit Quality(5y)110.54%
High Growth Momentum
Growth
EPS 1Y (TTM)13.62%
EPS 3Y17.17%
EPS 5Y11.94%
EPS Q2Q%5.93%
EPS Next Y8.39%
EPS Next 2Y7.68%
EPS Next 3Y8.33%
EPS Next 5Y2.71%
Revenue 1Y (TTM)12.77%
Revenue growth 3Y16.59%
Revenue growth 5Y16.28%
Sales Q2Q%5.58%
Revenue Next Year5.18%
Revenue Next 2Y5.11%
Revenue Next 3Y5.47%
Revenue Next 5YN/A
EBIT growth 1Y13.34%
EBIT growth 3Y19.3%
EBIT growth 5Y14.02%
EBIT Next Year23.81%
EBIT Next 3Y12.03%
EBIT Next 5Y5.83%
FCF growth 1Y-10.13%
FCF growth 3Y42.9%
FCF growth 5Y22.57%
OCF growth 1Y-5.43%
OCF growth 3Y38.42%
OCF growth 5Y21.09%