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 108 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.
DB1 had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
DB1 has a Return On Assets of 0.88%. This is comparable to the rest of the industry: DB1 outperforms 55.56% of its industry peers.
The Return On Equity of DB1 (18.09%) is better than 83.33% of its industry peers.
With a decent Return On Invested Capital value of 4.82%, DB1 is doing good in the industry, outperforming 71.30% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for DB1 is below the industry average of 7.91%.
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
The Profit Margin of DB1 (27.65%) is better than 75.00% of its industry peers.
In the last couple of years the Profit Margin of DB1 has declined.
DB1's Operating Margin of 40.85% is amongst the best of the industry. DB1 outperforms 82.41% of its industry peers.
DB1's Operating Margin has declined in the last couple of years.
DB1's Gross Margin of 82.70% is amongst the best of the industry. DB1 outperforms 81.48% 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
DB1 has less shares outstanding than it did 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.
DB1's Altman-Z score of 0.30 is in line compared to the rest of the industry. DB1 outperforms 50.93% of its industry peers.
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.
DB1 has a Debt to FCF ratio of 12.21. This is in the better half of the industry: DB1 outperforms 71.30% of its industry peers.
A Debt/Equity ratio of 2.32 is on the high side and indicates that DB1 has dependencies on debt financing.
With a Debt to Equity ratio value of 2.32, DB1 perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
| 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.
DB1 has a better Current ratio (1.02) than 63.89% of its industry peers.
DB1 has a Quick Ratio of 1.02. This is a normal value and indicates that DB1 is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.02, DB1 is doing good in the industry, outperforming 64.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.02 | ||
| Quick Ratio | 1.02 |
3. Growth
3.1 Past
DB1 shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -13.62%.
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%-89.61%
Revenue 1Y (TTM)12.77%
Revenue growth 3Y16.59%
Revenue growth 5Y16.28%
Sales Q2Q%-2.66%
3.2 Future
Based on estimates for the next years, DB1 will show a small growth in Earnings Per Share. The EPS will grow by 2.71% on average per year.
DB1 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.62% yearly.
EPS Next Y8.39%
EPS Next 2Y7.68%
EPS Next 3Y8.33%
EPS Next 5Y2.71%
Revenue Next Year5.87%
Revenue Next 2Y5.44%
Revenue Next 3Y5.62%
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
The Price/Earnings ratio is 35.38, which means the current valuation is very expensive for DB1.
Compared to the rest of the industry, the Price/Earnings ratio of DB1 is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 28.22, DB1 is valued a bit more expensive.
DB1 is valuated rather expensively with a Price/Forward Earnings ratio of 23.54.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DB1 indicates a somewhat cheap valuation: DB1 is cheaper than 62.04% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.86. DB1 is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.38 | ||
| Fwd PE | 23.54 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, DB1 is valued cheaply inside the industry as 87.04% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, DB1 is valued a bit cheaper than the industry average as 72.22% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.58 | ||
| EV/EBITDA | 6.41 |
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.
The decent profitability rating of DB1 may justify a higher PE ratio.
PEG (NY)4.22
PEG (5Y)2.96
EPS Next 2Y7.68%
EPS Next 3Y8.33%
5. Dividend
5.1 Amount
DB1 has a Yearly Dividend Yield of 1.41%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.46, DB1 has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, DB1's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.41% |
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
35.81% of the earnings are spent on dividend by DB1. This is a low number and 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 (5/2/2025, 7:00:00 PM)
289.4
+5.9 (+2.08%)
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 Cap54.49B
Analysts73.08
Price Target279.32 (-3.48%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.41% |
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)7.48%
PT rev (3m)15.31%
EPS NQ rev (1m)1.83%
EPS NQ rev (3m)0.91%
EPS NY rev (1m)1.39%
EPS NY rev (3m)4.12%
Revenue NQ rev (1m)2.03%
Revenue NQ rev (3m)3.11%
Revenue NY rev (1m)1.23%
Revenue NY rev (3m)2.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.38 | ||
| Fwd PE | 23.54 | ||
| P/S | 7.73 | ||
| P/FCF | 26.58 | ||
| P/OCF | 22.61 | ||
| P/B | 5.06 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.41 |
EPS(TTM)8.18
EY2.83%
EPS(NY)12.29
Fwd EY4.25%
FCF(TTM)10.89
FCFY3.76%
OCF(TTM)12.8
OCFY4.42%
SpS37.43
BVpS57.2
TBVpS-9.94
PEG (NY)4.22
PEG (5Y)2.96
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%-89.61%
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%-2.66%
Revenue Next Year5.87%
Revenue Next 2Y5.44%
Revenue Next 3Y5.62%
Revenue Next 5YN/A
EBIT growth 1Y13.34%
EBIT growth 3Y19.3%
EBIT growth 5Y14.02%
EBIT Next Year24.88%
EBIT Next 3Y12.23%
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%