DEUTSCHE BANK AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 16.53 EUR | -0.77% |
|
+10.55% | +33.71% |
| Apr. 26 | Deutsche Bank to be hit by $1.39 bln legal provision related to Postbank takeover | RE |
| Apr. 26 | News Highlights : Top Financial Services News of the Day - Friday at 4 PM ET | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 14,288 | 18,475 | 22,753 | 21,570 | 24,620 | 32,592 | - | - |
| Enterprise Value (EV) 1 | 8,751 | -4,147 | 112,360 | -27,875 | -30,926 | 2,060 | 4,616 | 7,168 |
| P/E ratio | -2.55 x | 128 x | 11.8 x | 4.47 x | 6.09 x | 8.05 x | 6.47 x | 5.78 x |
| Yield | - | - | 1.82% | 2.83% | 2.43% | 4.12% | 5.77% | 6.62% |
| Capitalization / Revenue | 0.62 x | 0.77 x | 0.9 x | 0.79 x | 0.85 x | 1.11 x | 1.07 x | 1.04 x |
| EV / Revenue | 0.38 x | -0.17 x | 4.42 x | -1.02 x | -1.07 x | 0.07 x | 0.15 x | 0.23 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 0.26 x | 0.34 x | 0.4 x | 0.36 x | 0.39 x | 0.48 x | 0.45 x | 0.42 x |
| Nbr of stocks (in thousands) | 2,065,600 | 2,064,500 | 2,065,073 | 2,037,200 | 1,991,282 | 1,971,429 | - | - |
| Reference price 2 | 6.917 | 8.949 | 11.02 | 10.59 | 12.36 | 16.53 | 16.53 | 16.53 |
| Announcement Date | 1/30/20 | 2/4/21 | 1/27/22 | 2/2/23 | 2/1/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 23,165 | 24,028 | 25,410 | 27,210 | 28,879 | 29,494 | 30,548 | 31,193 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | -1,911 | 2,812 | 3,905 | 6,820 | 7,184 | 8,630 | 9,495 | 9,882 |
| Operating Margin | -8.25% | 11.7% | 15.37% | 25.06% | 24.88% | 29.26% | 31.08% | 31.68% |
| Earnings before Tax (EBT) 1 | -2,634 | 1,021 | 3,390 | 5,594 | 5,678 | 6,831 | 7,788 | 8,236 |
| Net income 1 | -5,390 | 113 | 1,940 | 5,025 | 4,212 | 4,309 | 4,978 | 5,399 |
| Net margin | -23.27% | 0.47% | 7.63% | 18.47% | 14.58% | 14.61% | 16.3% | 17.31% |
| EPS 2 | -2.710 | 0.0700 | 0.9300 | 2.370 | 2.030 | 2.054 | 2.554 | 2.858 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | 0.2000 | 0.3000 | 0.3000 | 0.6817 | 0.9543 | 1.095 |
| Announcement Date | 1/30/20 | 2/4/21 | 1/27/22 | 2/2/23 | 2/1/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 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 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 12,560 | 5,900 | 7,328 | 6,650 | 6,918 | 6,315 | 7,680 | 7,409 | 7,132 | 6,658 | 7,779 | 7,731 | 7,459 | 3,538 | 8,432 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | 336 | - | - | - | 1,126 | 2,223 | 1,807 | - | - | - | - | - | - | - |
| Operating Margin | - | 5.69% | - | - | - | 17.83% | 28.95% | 24.39% | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | 287 | 82 | 1,658 | - | 1,615 | 775 | 1,852 | 1,405 | 1,723 | 698 | 2,036 | - | - | - | - |
| Net income 1 | -166 | 145 | 1,060 | 1,046 | 1,115 | 1,803 | 1,158 | 763 | 1,031 | 1,260 | 1,275 | 1,028 | 1,116 | 666.4 | - |
| Net margin | -1.32% | 2.46% | 14.47% | 15.73% | 16.12% | 28.55% | 15.08% | 10.3% | 14.46% | 18.92% | 16.39% | 13.3% | 14.97% | 18.83% | - |
| EPS 2 | - | 0.1200 | 0.5500 | 0.3300 | 0.5700 | 0.9100 | 0.6100 | 0.1900 | 0.5600 | 0.6700 | 0.6900 | 0.4769 | 0.5655 | 0.3757 | - |
| Dividend per Share | - | 0.2000 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/29/20 | 1/27/22 | 4/27/22 | 7/27/22 | 10/26/22 | 2/2/23 | 4/27/23 | 7/26/23 | 10/25/23 | 2/1/24 | 4/25/24 | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 89,607 | - | - | - | - | - |
| Net Cash position 1 | 5,537 | 22,622 | - | 49,445 | 55,546 | 30,531 | 27,975 | 25,423 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | -9.5% | 0.2% | 3.8% | 8% | 6.7% | 6.58% | 7.28% | 7.39% |
| ROA (Net income/ Total Assets) | -0.38% | 0.01% | 0.15% | 0.38% | 0.32% | 0.31% | 0.36% | 0.36% |
| Assets 1 | 1,418,421 | 1,313,953 | 1,324,594 | 1,337,147 | 1,324,528 | 1,393,170 | 1,371,300 | 1,518,674 |
| Book Value Per Share 2 | 26.40 | 26.00 | 27.60 | 29.70 | 31.60 | 34.40 | 36.90 | 39.80 |
| Cash Flow per Share | - | 14.20 | -1.380 | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 1/30/20 | 2/4/21 | 1/27/22 | 2/2/23 | 2/1/24 | - | - | - |
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
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
16.53
EUR
Average target price
16.57
EUR
Spread / Average Target
+0.24%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +33.71% | 34.79B | |
| +13.75% | 556B | |
| +12.36% | 298B | |
| +8.64% | 247B | |
| +21.72% | 210B | |
| +16.11% | 170B | |
| +6.88% | 162B | |
| +4.42% | 153B | |
| -11.67% | 138B | |
| +0.10% | 139B |
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