Financials Commerzbank AG

Equities

CBK

DE000CBK1001

Banks

Market Closed - Xetra 11:38:57 2024-04-26 am EDT 5-day change 1st Jan Change
14.1 EUR +0.36% Intraday chart for Commerzbank AG +5.46% +31.09%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,909 6,595 8,377 11,066 13,345 16,710 - -
Enterprise Value (EV) 1 6,909 6,595 8,377 11,066 13,345 16,710 16,710 16,710
P/E ratio 10.8 x -2.3 x 29.1 x - 6.6 x 7.28 x 6.26 x 5.49 x
Yield 2.72% - - - - 4.03% 5.38% 5.9%
Capitalization / Revenue 0.8 x 0.81 x 0.99 x 1.17 x 1.28 x 1.52 x 1.46 x 1.42 x
EV / Revenue 0.8 x 0.81 x 0.99 x 1.17 x 1.28 x 1.52 x 1.46 x 1.42 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.24 x 0.27 x 0.33 x - - 0.56 x 0.52 x 0.48 x
Nbr of stocks (in thousands) 1,252,358 1,252,358 1,252,358 1,252,358 1,240,223 1,184,669 - -
Reference price 2 5.517 5.266 6.689 8.836 10.76 14.10 14.10 14.10
Announcement Date 2/13/20 2/11/21 2/17/22 2/16/23 2/15/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,643 8,186 8,459 9,461 10,461 10,985 11,445 11,765
EBITDA - - - - - - - -
EBIT 1 1,878 1,515 1,753 2,975 4,039 4,419 4,819 4,975
Operating Margin 21.73% 18.51% 20.72% 31.44% 38.61% 40.23% 42.1% 42.29%
Earnings before Tax (EBT) 1 1,112 -2,597 105 2,005 3,421 3,614 3,944 4,159
Net income 1 644 -2,870 430 1,435 2,224 2,313 2,526 2,658
Net margin 7.45% -35.06% 5.08% 15.17% 21.26% 21.06% 22.07% 22.59%
EPS 2 0.5100 -2.292 0.2300 - 1.630 1.937 2.253 2.570
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1500 - - - - 0.5682 0.7585 0.8321
Announcement Date 2/13/20 2/11/21 2/17/22 2/16/23 2/15/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 4,353 2,006 2,099 2,795 2,422 1,886 2,363 2,862 2,970 2,997 2,409 2,782 2,711 2,681 2,572
EBITDA - - - - - - - - - - - - - - -
EBIT 1 - 494 454 1,008 852 366 750 943 1,097 1,206 794 1,193 1,151 1,131 849.2
Operating Margin - 24.63% 21.63% 36.06% 35.18% 19.41% 31.74% 32.95% 36.94% 40.24% 32.96% 42.87% 42.45% 42.19% 33.01%
Earnings before Tax (EBT) 1 -406 396 115 529 721 267 488 871 885 1,109 542 1,085 - - -
Net income 1 - 403 421 298 470 195 472 580 565 684 395 630.1 586.1 474 479.3
Net margin - 20.09% 20.06% 10.66% 19.41% 10.34% 19.97% 20.27% 19.02% 22.82% 16.4% 22.65% 21.62% 17.68% 18.63%
EPS 2 - 0.3300 0.3300 0.2400 0.2200 0.1600 - 0.4600 0.3000 0.5500 0.3200 0.4712 0.5062 0.4452 0.3408
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 8/4/21 11/4/21 2/17/22 5/12/22 8/3/22 11/9/22 2/16/23 5/3/23 8/4/23 11/8/23 2/15/24 - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 2.2% -10.1% 1% 4.7% - 8% 8.49% 8.61%
ROA (Net income/ Total Assets) 0.14% -0.59% 0.09% 0.3% - 0.47% 0.48% 0.5%
Assets 1 460,000 485,207 477,778 472,039 - 488,877 527,078 536,683
Book Value Per Share 2 22.80 19.90 20.60 - - 25.40 27.20 29.60
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/13/20 2/11/21 2/17/22 2/16/23 2/15/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
14.1 EUR
Average target price
14.49 EUR
Spread / Average Target
+2.72%
Consensus
  1. Stock Market
  2. Equities
  3. CBK Stock
  4. Financials Commerzbank AG