Financials Deutsche Beteiligungs AG

Equities

DBAN

DE000A1TNUT7

Investment Management & Fund Operators

Market Closed - Xetra 11:35:12 2024-05-03 am EDT 5-day change 1st Jan Change
27.75 EUR +0.36% Intraday chart for Deutsche Beteiligungs AG +2.02% -5.45%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 522 466.4 674.1 405.2 592.4 518.7 - -
Enterprise Value (EV) 1 435.6 435.1 636.4 427.1 572.3 480.3 436.9 518.7
P/E ratio 11.4 x -27.9 x 3.33 x -4.15 x 5.6 x 5.3 x 4.35 x 4.28 x
Yield 4.32% 2.58% 4.46% 3.71% 3.17% 3.68% 3.82% 4.26%
Capitalization / Revenue 6.82 x 37.5 x 3.06 x -7.27 x 3.81 x 3.31 x 2.82 x 2.61 x
EV / Revenue 5.69 x 35 x 2.89 x -7.66 x 3.68 x 3.07 x 2.38 x 2.61 x
EV / EBITDA 9.7 x -29.2 x 3.41 x -4.52 x 5.15 x 4.71 x 3.34 x -
EV / FCF -34.7 x -60.6 x -82.4 x 14.9 x 66.6 x 10.3 x 6.29 x -
FCF Yield -2.88% -1.65% -1.21% 6.71% 1.5% 9.75% 15.9% -
Price to Book 1.13 x 1.1 x 0.96 x 0.7 x 0.89 x 0.71 x 0.63 x 0.59 x
Nbr of stocks (in thousands) 15,044 15,044 18,804 18,805 18,805 18,691 - -
Reference price 2 34.70 31.00 35.85 21.55 31.50 27.75 27.75 27.75
Announcement Date 12/10/19 11/30/20 12/2/21 12/1/22 11/30/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 76.6 12.44 220.5 -55.73 155.4 156.6 183.8 198.3
EBITDA 1 44.91 -14.92 186.7 -94.41 111.1 102 130.8 -
EBIT 1 44.91 -15.33 186.4 -94.81 110.8 102 130.8 -
Operating Margin 58.63% -123.26% 84.57% 170.14% 71.27% 65.19% 71.18% -
Earnings before Tax (EBT) 1 45.08 -15.78 185.7 -95.92 108.6 99.82 121.6 124.3
Net income 1 45.86 -16.76 185.1 -97.56 105.8 98.63 120 121.8
Net margin 59.87% -134.7% 83.98% 175.08% 68.05% 63% 65.27% 61.41%
EPS 2 3.050 -1.110 10.76 -5.190 5.630 5.240 6.380 6.480
Free Cash Flow 1 -12.55 -7.177 -7.727 28.66 8.595 46.85 69.4 -
FCF margin -16.38% -57.69% -3.5% -51.42% 5.53% 29.93% 37.75% -
FCF Conversion (EBITDA) - - - - 7.74% 45.95% 53.08% -
FCF Conversion (Net income) - - - - 8.13% 47.5% 57.85% -
Dividend per Share 2 1.500 0.8000 1.600 0.8000 1.000 1.020 1.060 1.183
Announcement Date 12/10/19 11/30/20 12/2/21 12/1/22 11/30/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2021 Q4 2023 Q1
Net sales - -
EBITDA - -
EBIT - -
Operating Margin - -
Earnings before Tax (EBT) 1 53.82 41.9
Net income 1 53.97 41.36
Net margin - -
EPS 2 2.870 2.210
Dividend per Share - -
Announcement Date 12/2/21 2/9/23
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 21.8 - - - -
Net Cash position 1 86.4 31.3 37.7 - 20 38.4 81.8 -
Leverage (Debt/EBITDA) - - - -0.2314 x - - - -
Free Cash Flow 1 -12.6 -7.18 -7.73 28.7 8.6 46.9 69.4 -
ROE (net income / shareholders' equity) 9.1% -3.8% 33% -15.3% 16.9% 13.5% 16.9% 18.4%
ROA (Net income/ Total Assets) - -3.5% - - - - - -
Assets 1 - 478.8 - - - - - -
Book Value Per Share 2 30.60 28.20 37.20 30.80 35.60 39.30 43.80 47.20
Cash Flow per Share - -0.4500 - - - - - -
Capex 1 0.25 0.48 0.09 0.88 0.75 0.65 1 -
Capex / Sales 0.33% 3.87% 0.04% -1.58% 0.48% 0.42% 0.54% -
Announcement Date 12/10/19 11/30/20 12/2/21 12/1/22 11/30/23 - - -
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
27.75 EUR
Average target price
43.65 EUR
Spread / Average Target
+57.30%
Consensus

Annual profits - Rate of surprise

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