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DBAN

Deutsche Beteiligungs WBAG:DBAN Stock Report

Last Price

€25.20

Market Cap

€461.7m

7D

-0.8%

1Y

-26.1%

Updated

05 Jul, 2022

Data

Company Financials +
DBAN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance2/6
Financial Health6/6
Dividends5/6

DBAN Stock Overview

Deutsche Beteiligungs AG is a private equity firm specializing in direct and fund of fund investments.

Deutsche Beteiligungs Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Deutsche Beteiligungs
Historical stock prices
Current Share Price€25.20
52 Week High€40.45
52 Week Low€24.80
Beta1.03
1 Month Change-14.43%
3 Month Change-10.00%
1 Year Change-26.10%
3 Year Change-28.51%
5 Year Changen/a
Change since IPO-39.70%

Recent News & Updates

Shareholder Returns

DBANAT Capital MarketsAT Market
7D-0.8%-5.4%-5.5%
1Y-26.1%-22.1%-10.9%

Return vs Industry: DBAN underperformed the Austrian Capital Markets industry which returned -20.8% over the past year.

Return vs Market: DBAN underperformed the Austrian Market which returned -9.8% over the past year.

Price Volatility

Is DBAN's price volatile compared to industry and market?
DBAN volatility
DBAN Average Weekly Movement3.4%
Capital Markets Industry Average Movement4.6%
Market Average Movement5.0%
10% most volatile stocks in AT Market7.5%
10% least volatile stocks in AT Market2.8%

Stable Share Price: DBAN is less volatile than 75% of Austrian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: DBAN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196585Torsten Gredehttps://www.dbag.com

Deutsche Beteiligungs AG is a private equity firm specializing in direct and fund of fund investments. Within direct investments the firm specializes in expansion capital, management buyout, middle market, growth capital, add-on acquisitions, bridge financing, management buy-ins for experienced executives, corporate spin-offs, succession arrangements and generational transition in a family-owned business, small and medium-sized companies and pre-IPO stage investments. Within fund of fund investments the firm invests in private equity funds.

Deutsche Beteiligungs Fundamentals Summary

How do Deutsche Beteiligungs's earnings and revenue compare to its market cap?
DBAN fundamental statistics
Market Cap€461.66m
Earnings (TTM)€76.24m
Revenue (TTM)€114.23m

6.1x

P/E Ratio

4.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DBAN income statement (TTM)
Revenue€114.23m
Cost of Revenue€0
Gross Profit€114.23m
Other Expenses€37.99m
Earnings€76.24m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 11, 2022

Earnings per share (EPS)4.05
Gross Margin100.00%
Net Profit Margin66.75%
Debt/Equity Ratio0%

How did DBAN perform over the long term?

See historical performance and comparison

Dividends

6.5%

Current Dividend Yield

39%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is DBAN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DBAN?

Other financial metrics that can be useful for relative valuation.

DBAN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.9x
Enterprise Value/EBITDA5.8x
PEG Ratio0.1x

Price to Earnings Ratio vs Peers

How does DBAN's PE Ratio compare to its peers?

DBAN PE Ratio vs Peers
The above table shows the PE ratio for DBAN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.4x
SCIN Scottish Investment Trust
7.2xn/aUK£524.8m
AIL African Rainbow Capital Investments
4.8xn/aR8.5b
PL8 Plato Income Maximiser
12.9xn/aAU$657.1m
A041190 Woori Technology Investment
0.8xn/a₩415.1b
DBAN Deutsche Beteiligungs
6.1x63.5%€461.7m

Price-To-Earnings vs Peers: DBAN is good value based on its Price-To-Earnings Ratio (6.1x) compared to the peer average (6.4x).


Price to Earnings Ratio vs Industry

How does DBAN's PE Ratio compare vs other companies in the European Capital Markets Industry?

Price-To-Earnings vs Industry: DBAN is good value based on its Price-To-Earnings Ratio (6.1x) compared to the European Capital Markets industry average (10.1x)


Price to Earnings Ratio vs Fair Ratio

What is DBAN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DBAN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DBAN's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of DBAN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DBAN (€25.2) is trading below our estimate of fair value (€70.98)

Significantly Below Fair Value: DBAN is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: DBAN is good value based on its PEG Ratio (0.1x)


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Future Growth

How is Deutsche Beteiligungs forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


63.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DBAN's forecast earnings growth (63.5% per year) is above the savings rate (0.2%).

Earnings vs Market: DBAN's earnings (63.5% per year) are forecast to grow faster than the Austrian market (4.9% per year).

High Growth Earnings: DBAN's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DBAN's revenue (44.6% per year) is forecast to grow faster than the Austrian market (0.9% per year).

High Growth Revenue: DBAN's revenue (44.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DBAN's Return on Equity is forecast to be low in 3 years time (12.6%).


Discover growth companies

Past Performance

How has Deutsche Beteiligungs performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


16.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DBAN has high quality earnings.

Growing Profit Margin: DBAN's current net profit margins (66.7%) are lower than last year (79.8%).


Past Earnings Growth Analysis

Earnings Trend: DBAN's earnings have grown by 16.3% per year over the past 5 years.

Accelerating Growth: DBAN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DBAN had negative earnings growth (-42.7%) over the past year, making it difficult to compare to the Capital Markets industry average (40.9%).


Return on Equity

High ROE: DBAN's Return on Equity (12.1%) is considered low.


Discover strong past performing companies

Financial Health

How is Deutsche Beteiligungs's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: DBAN's short term assets (€119.3M) exceed its short term liabilities (€15.2M).

Long Term Liabilities: DBAN's short term assets (€119.3M) exceed its long term liabilities (€19.4M).


Debt to Equity History and Analysis

Debt Level: DBAN is debt free.

Reducing Debt: DBAN had no debt 5 years ago.

Debt Coverage: DBAN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: DBAN has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Deutsche Beteiligungs's current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


6.52%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: DBAN's dividend (6.52%) is higher than the bottom 25% of dividend payers in the Austrian market (1.92%).

High Dividend: DBAN's dividend (6.52%) is in the top 25% of dividend payers in the Austrian market (5.31%)


Stability and Growth of Payments

Stable Dividend: DBAN's dividend payments have been volatile in the past 10 years.

Growing Dividend: DBAN's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (39%), DBAN's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (79.7%), DBAN's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Torsten Grede (58 yo)

21.5yrs

Tenure

€1,253,000

Compensation

Mr. Torsten Grede has been Chairman of the Board of Management at Deutsche Beteiligungs AG since March 26, 2013 and its Member of the Board of Management since January 2001 and serves as its Chief Executiv...


CEO Compensation Analysis

Compensation vs Market: Torsten's total compensation ($USD1.28M) is about average for companies of similar size in the Austrian market ($USD1.31M).

Compensation vs Earnings: Torsten's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: DBAN's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: DBAN's board of directors are considered experienced (4.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Deutsche Beteiligungs AG's employee growth, exchange listings and data sources


Key Information

  • Name: Deutsche Beteiligungs AG
  • Ticker: DBAN
  • Exchange: WBAG
  • Founded: 1965
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: €461.663m
  • Shares outstanding: 18.80m
  • Website: https://www.dbag.com

Number of Employees


Location

  • Deutsche Beteiligungs AG
  • Börsenstraße 1
  • Frankfurt am Main
  • Hessen
  • 60313
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/05 00:00
End of Day Share Price2022/07/05 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.