Financials Deutsche Pfandbriefbank AG

Equities

PBB

DE0008019001

Banks

Market Closed - Xetra 11:35:26 2024-05-03 am EDT 5-day change 1st Jan Change
4.712 EUR +0.64% Intraday chart for Deutsche Pfandbriefbank AG +1.90% -23.94%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,958 1,183 1,421 977.6 833.1 633.6 - -
Enterprise Value (EV) 1 1,958 1,183 1,421 977.6 833.1 633.6 633.6 633.6
P/E ratio 12.1 x 11.9 x 6.69 x 5.72 x - 7.46 x 5.14 x 4.2 x
Yield - 2.96% 11.2% 13.1% - 4.7% 8.69% 12.3%
Capitalization / Revenue 3.87 x 2.24 x 2.41 x 1.84 x 1.38 x 1.18 x 1.18 x 1.16 x
EV / Revenue 3.87 x 2.24 x 2.41 x 1.84 x 1.38 x 1.18 x 1.18 x 1.16 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.67 x 0.39 x 0.46 x 0.29 x - 0.2 x 0.2 x 0.19 x
Nbr of stocks (in thousands) 134,475 134,475 134,475 134,475 134,475 134,475 - -
Reference price 2 14.56 8.795 10.57 7.270 6.195 4.712 4.712 4.712
Announcement Date 3/4/20 3/9/21 3/9/22 3/9/23 3/7/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 506 529 591 531 603 538.3 539 548.1
EBITDA - - - - - - - -
EBIT 1 304 325 323 257 302 265.4 268.6 294.3
Operating Margin 60.08% 61.44% 54.65% 48.4% 50.08% 49.3% 49.83% 53.7%
Earnings before Tax (EBT) 1 216 154 242 213 90 131 162.9 208.2
Net income 1 179 117 212 171 91 101.8 136.3 173
Net margin 35.38% 22.12% 35.87% 32.2% 15.09% 18.91% 25.29% 31.57%
EPS 2 1.200 0.7400 1.580 1.270 - 0.6315 0.9168 1.121
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 0.2600 1.180 0.9500 - 0.2213 0.4093 0.5793
Announcement Date 3/4/20 3/9/21 3/9/22 3/9/23 3/7/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 142 - 149 123 128 131 119 140 156 188 137
EBITDA - - - - - - - - - - -
EBIT 89 87 60 66 71 60 34 - - - -
Operating Margin 62.68% - 40.27% 53.66% 55.47% 45.8% 28.57% - - - -
Earnings before Tax (EBT) 1 72 56 42 65 52 54 32 49 - - 25
Net income 1 61 53 36 56 44 35 27 42 - - 21
Net margin 42.96% - 24.16% 45.53% 34.38% 26.72% 22.69% 30% - - 15.33%
EPS - - 0.2400 - - - - - - - -
Dividend per Share - - - - - - - - - - -
Announcement Date 11/12/21 3/9/22 5/11/22 8/9/22 11/14/22 3/9/23 5/15/23 8/10/23 11/14/23 3/7/24 -
1EUR in Million
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) 5.7% 3.4% 7% 5.5% - 2.07% 3.53% 4.07%
ROA (Net income/ Total Assets) 0.31% - 0.36% 0.31% - 0.18% 0.34% 0.38%
Assets 1 57,295 - 58,726 55,700 - 56,565 40,087 45,533
Book Value Per Share 2 21.80 22.40 23.10 25.50 - 23.50 24.10 24.90
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/4/20 3/9/21 3/9/22 3/9/23 3/7/24 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
4.712 EUR
Average target price
5.467 EUR
Spread / Average Target
+16.02%
Consensus

Quarterly revenue - Rate of surprise

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