DWS Group GmbH & Co. KGaA

BUL:DWS Stock Report

Market Cap: €8.0b

DWS Group GmbH KGaA Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: DWS (€39.26) is trading below our estimate of fair value (€67.01)

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

Key Valuation Metric

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

Key metric: As DWS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DWS. This is calculated by dividing DWS's market cap by their current earnings.
What is DWS's PE Ratio?
PE Ratio13.3x
Earnings€597.00m
Market Cap€7.97b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DWS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average92.7x
HVAR Holding Varna AD
146.4xn/aлв300.9m
CAPM Capital Management SPV
37xn/aлв147.7m
HSI Sila Holding AD
146.1xn/aлв112.8m
CHL Chernomorski Holding AD
41.2xn/aлв67.1m
DWS DWS Group GmbH KGaA
13.3x13.0%€8.0b

Price-To-Earnings vs Peers: DWS is good value based on its Price-To-Earnings Ratio (13.3x) compared to the peer average (92.7x).

Price to Earnings Ratio vs Industry

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

17 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DWS 13.3xIndustry Avg. 13.0xNo. of Companies39PE01224364860+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DWS is expensive based on its Price-To-Earnings Ratio (13.3x) compared to the European Capital Markets industry average (13x).

Price to Earnings Ratio vs Fair Ratio

What is DWS'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.

DWS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.3x
Fair PE Ration/a

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DWS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€44.08
0%
11.9%€57.00€38.00n/a15
Dec ’25€39.26
€43.72
+11.4%
11.8%€57.00€38.00n/a15
Nov ’25n/a
€43.53
0%
11.8%€57.00€38.00n/a15
Oct ’25n/a
€41.71
0%
12.8%€57.00€35.00n/a15
Sep ’25n/a
€41.78
0%
12.9%€57.00€35.00n/a15
Aug ’25n/a
€41.73
0%
12.5%€57.00€35.00n/a16
Jul ’25n/a
€42.77
0%
12.2%€57.00€34.00n/a16
Jun ’25n/a
€43.35
0%
12.0%€57.00€34.00n/a16
May ’25n/a
€42.73
0%
12.5%€57.00€35.00n/a16
Apr ’25n/a
€41.36
0%
12.6%€57.00€33.00n/a16
Mar ’25n/a
€41.04
0%
12.7%€57.00€33.00n/a17
Feb ’25n/a
€40.53
0%
13.7%€57.00€32.00n/a17
Jan ’25n/a
€38.08
0%
17.6%€57.00€28.50n/a17
Dec ’24n/a
€37.49
0%
17.1%€57.00€28.50€39.2617
Nov ’24n/a
€36.81
0%
16.4%€57.00€28.50n/a16
Oct ’24n/a
€37.87
0%
15.9%€57.00€30.50n/a15
Sep ’24n/a
€37.54
0%
15.9%€57.00€30.50n/a16
Aug ’24n/a
€37.25
0%
16.2%€57.00€29.00n/a17
Jul ’24n/a
€36.75
0%
16.5%€57.00€30.50n/a17
Jun ’24n/a
€36.75
0%
16.5%€57.00€30.50n/a17
May ’24n/a
€36.70
0%
16.4%€57.00€30.50n/a17
Apr ’24n/a
€36.81
0%
16.2%€57.00€30.50n/a17
Mar ’24n/a
€36.82
0%
16.2%€57.00€30.50n/a17
Feb ’24n/a
€36.72
0%
16.2%€57.00€30.50n/a17
Jan ’24n/a
€33.92
0%
10.9%€41.00€26.50n/a16
Dec ’23n/a
€32.56
0%
12.1%€41.00€26.50n/a15

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 13:38
End of Day Share Price 2024/11/29 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

DWS Group GmbH & Co. KGaA is covered by 32 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dieter HeinAlphaValue
Jesús Gómez DominguezBanco Santander
Aurelia Sarah FaureBanco Santander