WBAG:DWS

Stock Analysis Report

Executive Summary

DWS Group GmbH & Co. KGaA provides asset management services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Snowflake

Fundamentals

Average dividend payer and fair value.


Similar Companies

Share Price & News

How has DWS Group GmbH KGaA's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DWS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.7%

DWS

0.5%

AT Capital Markets

-0.7%

AT Market


1 Year Return

24.9%

DWS

5.8%

AT Capital Markets

4.2%

AT Market

Return vs Industry: DWS exceeded the Austrian Capital Markets industry which returned 5.8% over the past year.

Return vs Market: DWS exceeded the Austrian Market which returned 4.2% over the past year.


Shareholder returns

DWSIndustryMarket
7 Day-1.7%0.5%-0.7%
30 Day8.0%1.3%0.4%
90 Day15.3%8.8%4.5%
1 Year30.7%24.9%10.3%5.8%8.1%4.2%
3 Yearn/a14.7%1.1%42.8%29.9%
5 Yearn/a2.0%-17.0%63.6%40.8%

Price Volatility Vs. Market

How volatile is DWS Group GmbH KGaA's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is DWS Group GmbH KGaA undervalued compared to its fair value and its price relative to the market?

38.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DWS (€30.66) is trading below our estimate of fair value (€49.87)

Significantly Below Fair Value: DWS is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: DWS is good value based on its PE Ratio (15.1x) compared to the Capital Markets industry average (20.9x).

PE vs Market: DWS is poor value based on its PE Ratio (15.1x) compared to the Austrian market (14.5x).


Price to Earnings Growth Ratio

PEG Ratio: DWS is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: DWS is good value based on its PB Ratio (0.9x) compared to the XE Capital Markets industry average (1.3x).


Next Steps

Future Growth

How is DWS Group GmbH KGaA forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

7.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DWS's forecast earnings growth (7.6% per year) is above the savings rate (0.5%).

Earnings vs Market: DWS's earnings (7.6% per year) are forecast to grow slower than the Austrian market (8.5% per year).

High Growth Earnings: DWS's earnings are forecast to grow, but not significantly.

Revenue vs Market: DWS's revenue (2.2% per year) is forecast to grow slower than the Austrian market (2.6% per year).

High Growth Revenue: DWS's revenue (2.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DWS's Return on Equity is forecast to be low in 3 years time (8.1%).


Next Steps

Past Performance

How has DWS Group GmbH KGaA performed over the past 5 years?

-4.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DWS has a high level of non-cash earnings.

Growing Profit Margin: DWS's current net profit margins (18.1%) are lower than last year (20.4%).


Past Earnings Growth Analysis

Earnings Trend: DWS's earnings have declined by -4.8% per year over the past 5 years.

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

Earnings vs Industry: DWS had negative earnings growth (-14%) over the past year, making it difficult to compare to the Capital Markets industry average (-1%).


Return on Equity

High ROE: DWS's Return on Equity (6.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is DWS Group GmbH KGaA's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: DWS has a low level of unsold assets or inventory.

Debt Coverage by Assets: DWS's debt is not covered by short term assets (assets are -50.5x debt).


Financial Institutions Analysis

Asset Level: DWS's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if DWS has a sufficient allowance for bad loans.

Low Risk Liabilities: DWS reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if DWS has an acceptable proportion of non-loan assets held.

Low Risk Deposits: DWS has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if DWS has an appropriate level of bad loans.


Next Steps

Dividend

What is DWS Group GmbH KGaA's current dividend yield, its reliability and sustainability?

4.42%

Current Dividend Yield


Dividend Yield vs Market

company4.4%marketbottom25%1.7%markettop25%4.3%industryaverage3.4%forecastin3Years6.0%

Current dividend yield vs market & industry

Notable Dividend: DWS's dividend (4.42%) is higher than the bottom 25% of dividend payers in the Austrian market (1.7%).

High Dividend: DWS's dividend (4.42%) is in the top 25% of dividend payers in the Austrian market (4.29%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether DWS's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if DWS's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (66.8%), DWS's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DWS's dividends in 3 years are forecast to be covered by earnings (68.6% payout ratio).


Next Steps

Management

What is the CEO of DWS Group GmbH KGaA's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average management tenure


CEO

Asoka Woehrmann (54yo)

1.1yrs

Tenure

€2,761,542

Compensation

Dr. Asoka Woehrmann is Chief Executive Officer and Chairman of the Executive Board at DWS Group GmbH & Co. KGaA since October 25, 2018. He was a Member of Supervisory Board at DWS Group GmbH & Co. KGaA sin ...


CEO Compensation Analysis

Compensation vs Market: Asoka's total compensation ($USD3.05M) is above average for companies of similar size in the Austrian market ($USD2.17M).

Compensation vs Earnings: Insufficient data to compare Asoka's compensation with company performance.


Management Age and Tenure

1.7yrs

Average Tenure

50.5yo

Average Age

Experienced Management: DWS's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Age and Tenure

1.6yrs

Average Tenure

56yo

Average Age

Experienced Board: DWS's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Insider Trading

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.


Management Team

  • Mark Cullen (64yo)

    COO & Member of Executive Board

    • Tenure: 0.9yrs
    • Compensation: €1.37m
  • Robert Kendall (45yo)

    Member of Executive Board & Co-Head of Global Coverage Group

    • Tenure: 1.7yrs
    • Compensation: €798.10k
  • Pierre Cherki (53yo)

    Member of Executive Board & Co-Head of Investment Group

    • Tenure: 1.7yrs
    • Compensation: €1.06m
  • Stefan Kreuzkamp (53yo)

    Member of Executive Board

    • Tenure: 1.7yrs
    • Compensation: €1.03m
  • Nikolaus Von Tippelskirch (48yo)

    Member of Executive Board & Chief Control Officer

    • Tenure: 1.7yrs
    • Compensation: €1.40m
  • Asoka Woehrmann (54yo)

    CEO & Chairman of the Executive Board

    • Tenure: 1.1yrs
    • Compensation: €2.76m
  • Claire Peel (45yo)

    CFO & Member of Executive Board

    • Tenure: 1.7yrs
    • Compensation: €1.49m
  • Oliver Flade

    Head of Investor Relations

    • Tenure: 0yrs
  • Adib Sisani

    Global Head of Media Relations

    • Tenure: 0yrs
  • Dirk Goergen (38yo)

    Member of Executive Board & Co-Head of Global Coverage Group

    • Tenure: 0.9yrs
    • Compensation: €401.31k

Board Members

  • Richard Morris (69yo)

    Member of Supervisory Board

    • Tenure: 1.1yrs
  • Aldo Cardoso (63yo)

    Member of Supervisory Board

    • Tenure: 1.7yrs
  • Margret Suckale (63yo)

    Member of Supervisory Board

    • Tenure: 1.7yrs
  • Ute Wolf (51yo)

    Deputy Chairman of Supervisory Board

    • Tenure: 1.7yrs
  • Karl von Rohr (54yo)

    Chairman of Supervisory Board

    • Tenure: 1.7yrs
  • Hiroshi Ozeki (55yo)

    Member of Supervisory Board

    • Tenure: 1.7yrs
  • Said Zanjani (61yo)

    Employee Representative

    • Tenure: 1.5yrs
  • Stephan Accorsini (50yo)

    Employee Representative

    • Tenure: 1.5yrs
  • Erwin Stengele (50yo)

    Employee Representative

    • Tenure: 1.5yrs
  • Angela Meurer (57yo)

    Employee Representative

    • Tenure: 1.5yrs

Company Information

DWS Group GmbH & Co. KGaA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: DWS Group GmbH & Co. KGaA
  • Ticker: DWS
  • Exchange: WBAG
  • Founded:
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: €6.211b
  • Shares outstanding: 200.00m
  • Website: https://www.dws.com

Number of Employees


Location

  • DWS Group GmbH & Co. KGaA
  • Mainzer Landstrasse 11-17
  • Frankfurt am Main
  • Hessen
  • 60329
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DWSDB (Deutsche Boerse AG)YesOrdinary Bearer SharesDEEURMar 2018
0SAYLSE (London Stock Exchange)YesOrdinary Bearer SharesGBEURMar 2018
DWSWBAG (Wiener Boerse AG)YesOrdinary Bearer SharesATEURMar 2018
DWSXTRA (XETRA Trading Platform)YesOrdinary Bearer SharesDEEURMar 2018
DWSSWX (SIX Swiss Exchange)YesOrdinary Bearer SharesCHCHFMar 2018
DWSDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Bearer SharesGBEURMar 2018

Biography

DWS Group GmbH & Co. KGaA provides asset management services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company’s products and solutions cover equities, fixed income, cash, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/22 22:31
End of Day Share Price2019/11/22 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.