XTRA:CBK

Stock Analysis Report

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Executive Summary

Commerzbank AG provides banking and capital market services to private and small business customers, corporate clients, multinationals, financial service providers, and institutional clients worldwide. More Details

Rewards

Earnings are forecast to grow 91% per year

Risk Analysis

No risks detected for CBK from our risk checks.


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Commerzbank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CBK is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CBK's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

1.9%

CBK

1.4%

DE Banks

-2.1%

DE Market


1 Year Return

4.2%

CBK

16.0%

DE Banks

17.6%

DE Market

Return vs Industry: CBK underperformed the German Banks industry which returned 16% over the past year.

Return vs Market: CBK underperformed the German Market which returned 17.6% over the past year.


Shareholder returns

CBKIndustryMarket
7 Day1.9%1.4%-2.1%
30 Day-0.9%0.6%2.1%
90 Day4.2%5.8%6.7%
1 Year4.2%4.2%16.1%16.0%21.3%17.6%
3 Year-53.8%-55.1%-42.3%-44.5%17.3%7.0%
5 Year-29.2%-32.9%1.6%-19.7%42.9%22.6%

Long-Term Price Volatility Vs. Market

How volatile is Commerzbank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Commerzbank undervalued compared to its fair value and its price relative to the market?

0.22x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CBK (€5.43) is trading above our estimate of fair value (€3.55)

Significantly Below Fair Value: CBK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CBK is unprofitable, so we can't compare its PE Ratio to the XE Banks industry average.

PE vs Market: CBK is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CBK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CBK is good value based on its PB Ratio (0.2x) compared to the DE Banks industry average (0.8x).


Next Steps

Future Growth

How is Commerzbank forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

91.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CBK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.07%).

Earnings vs Market: CBK is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CBK's is expected to become profitable in the next 3 years.

Revenue vs Market: CBK's revenue (6.7% per year) is forecast to grow faster than the German market (6.1% per year).

High Growth Revenue: CBK's revenue (6.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CBK's Return on Equity is forecast to be low in 3 years time (3.6%).


Next Steps

Past Performance

How has Commerzbank performed over the past 5 years?

-34.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CBK is currently unprofitable.

Growing Profit Margin: CBK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CBK is unprofitable, and losses have increased over the past 5 years at a rate of 34.9% per year.

Accelerating Growth: Unable to compare CBK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CBK is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-21.3%).


Return on Equity

High ROE: CBK has a negative Return on Equity (-9.04%), as it is currently unprofitable.


Next Steps

Financial Health

How is Commerzbank'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


Financial Institutions Analysis

Asset Level: CBK's Assets to Equity ratio (17x) is moderate.

Allowance for Bad Loans: CBK has a low allowance for bad loans (58%).

Low Risk Liabilities: 79% of CBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: CBK has an appropriate level of Loans to Assets ratio (50%).

Low Risk Deposits: CBK's Loans to Deposits ratio (67%) is appropriate.

Level of Bad Loans: CBK has an appropriate level of bad loans (1.7%).


Next Steps

Dividend

What is Commerzbank current dividend yield, its reliability and sustainability?

2.05%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CBK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CBK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CBK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CBK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CBK is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CBK's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

1.1yrs

Average management tenure


CEO

Manfred Knof (54 yo)

0.083

Tenure

Dr. Manfred Knof has been Chairman of the Board, Managing Director and Chief Executive Officer at Commerzbank AG since January 1, 2021. Dr. Knof serves as the Head of Retail Division for Deutsche Bank. He ...


Leadership Team

NamePositionTenureCompensationOwnership
Bettina Orlopp
CFO, Head of Tax1.08yrs€2.56mno data
Ralph Mandel
Member of the Board of Managing Directors4.75yrs€2.65mno data
Marcus Chromik
Chief Risk Officer & Member of the Board of Managing Directors5.08yrs€2.90mno data
Jörg Hessenmüller
COO & Member of the Board of Managing Directors2.08yrs€2.44mno data
Manfred Knof
Chairman of the Board of Managing Director & CEO0.083yrno datano data
Sabine Schmittroth
Head of HR1.08yrsno datano data
Michael Kotzbauer
Head of Corporate Clients Business & Member of the Board of Managing Directors0.083yrno datano data
Christoph Wortig
Head of Investor Relationsno datano datano data
Sven Korndorffer
Head, Corporate Communications0.083yrno datano data
Toufic Yafoui
Head of Fixed Income Sales - Middle Eastno datano datano data
Peter Born
Chief Representativeno datano datano data
Ralph Nitzgen
Head of Branch - Dubai13.42yrsno datano data

1.1yrs

Average Tenure

52yo

Average Age

Experienced Management: CBK's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Klaus-Peter Müller
Honorary Chairman of Supervisory Board2.75yrs€379.50kno data
Wendelin Wiedeking
Member of Central Advisory Boardno datano datano data
Hans-Jorg Vetter
Supervisory Board Chairman0.50yrno datano data
Andreas J. Schmitz
Member of Supervisory Board0.17yrno datano data
Uwe Lüders
Member of the Central Advisory Boardno datano datano data
Uwe Tschäge
Deputy Chairman of the Supervisory Boardno data€248.50kno data
Tobias Guldimann
Independent Supervisory Board Member3.75yrs€205.80kno data
Simone Bagel-Trah
Member of Central Advisory Boardno datano datano data
Ernst Friedrich Schröder
Member of Central Advisory Boardno datano datano data
Friedrich Lürßen
Member of Central Advisory Boardno data€28.60kno data
Cathrina Claas-Mühlhäuser
Member of Central Advisory Boardno datano datano data
Alexandra Krieger
Supervisory Board Member - Elected by Employees12.75yrs€98.00kno data

2.8yrs

Average Tenure

60yo

Average Age

Experienced Board: CBK's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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

Commerzbank AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Commerzbank AG
  • Ticker: CBK
  • Exchange: XTRA
  • Founded: 1870
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €6.800b
  • Shares outstanding: 1.25b
  • Website: https://www.commerzbank.com

Number of Employees


Location

  • Commerzbank AG
  • Kaiserplatz
  • Frankfurt am Main
  • Hessen
  • 60261
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CB59J9BST (Boerse-Stuttgart)11% RVCV 15/01/2009 EUR1000 (BASKET)DEEURNo data
CB59J8BST (Boerse-Stuttgart)13% RVCV 15/01/2009 EUR1000 (BASKET)DEEURNo data
CB59J7BST (Boerse-Stuttgart)12.5% RVCV 15/01/2009 EUR1000 (BASKET)DEEURNo data
CB59J5BST (Boerse-Stuttgart)11% RVCV 15/01/2009 EUR1000 (BASKET)DEEURNo data
CB00Z9BST (Boerse-Stuttgart)14% RVCV 15/01/2009 EUR1000 (ADID/TUI)DEEURNo data
CB00PSBST (Boerse-Stuttgart)16.5% RVCV 08/04/2009 EUR1000(LEONI)DEEURNo data
CB00PRBST (Boerse-Stuttgart)17% RVCV 08/04/2009 EUR1000(LANXE)DEEURNo data
CB00PQBST (Boerse-Stuttgart)17% RVCV 08/04/2009 EUR1000(KUKA)DEEURNo data
CB00PPBST (Boerse-Stuttgart)14.5% RVCV 08/04/2009 EUR1000(KRONE)DEEURNo data
CB00PMBST (Boerse-Stuttgart)21% RVCV 08/04/2009 EUR1000(K+S)DEEURNo data
CB00PLBST (Boerse-Stuttgart)19% RVCV 08/04/2009 EUR1000(IVG)DEEURNo data
CB00PKBST (Boerse-Stuttgart)21% RVCV 08/04/2009 EUR1000(HUGO)DEEURNo data
CB00PJBST (Boerse-Stuttgart)20.5% RVCV 08/04/2009 EUR1000(HOCHT)DEEURNo data
CB00PHBST (Boerse-Stuttgart)11% RVCV 08/04/2009 EUR1000(HEIDE)DEEURNo data
CB00PGBST (Boerse-Stuttgart)23.5% RVCV 08/04/2009 EUR1000(HEIDE)DEEURNo data
CB00PFBST (Boerse-Stuttgart)17% RVCV 08/04/2009 EUR1000(HANNO)DEEURNo data
CB00PEBST (Boerse-Stuttgart)16.5% RVCV 08/04/2009 EUR1000(HAMBU)DEEURNo data
CB00PDBST (Boerse-Stuttgart)25.5% RVCV 08/04/2009 EUR1000(GILDE)DEEURNo data
CB00PCBST (Boerse-Stuttgart)20.5% RVCV 08/04/2009 EUR1000(GEA G)DEEURNo data
CB00PBBST (Boerse-Stuttgart)18% RVCV 08/04/2009 EUR1000(GAGFA)DEEURNo data
CB00PABST (Boerse-Stuttgart)15% RVCV 08/04/2009 EUR1000(FRESE)DEEURNo data
CB00P8BST (Boerse-Stuttgart)17% RVCV 08/04/2009 EUR1000(WINCO)DEEURNo data
CB00P7BST (Boerse-Stuttgart)21.5% RVCV 08/04/2009 EUR1000(WACKE)DEEURNo data
CB00P6BST (Boerse-Stuttgart)16% RVCV 08/04/2009 EUR1000(VOSSL)DEEURNo data
CB00P5BST (Boerse-Stuttgart)18% RVCV 08/04/2009 EUR1000(TOGNU)DEEURNo data
CB00PZBST (Boerse-Stuttgart)13.5% RVCV 08/04/2009 EUR1000(RHOEN)DEEURNo data
CB00PYBST (Boerse-Stuttgart)18.5% RVCV 08/04/2009 EUR1000(RHEIN)DEEURNo data
CB00PXBST (Boerse-Stuttgart)24% RVCV 08/04/2009 EUR1000(PROSI)DEEURNo data
CB00PWBST (Boerse-Stuttgart)22.5% RVCV 08/04/2009 EUR1000(PREMI)DEEURNo data
CB00PUBST (Boerse-Stuttgart)21% RVCV 08/04/2009 EUR1000(PFLEI)DEEURNo data
CB00PTBST (Boerse-Stuttgart)17% RVCV 08/04/2009 EUR1000(MTU A)DEEURNo data
CB00DUBST (Boerse-Stuttgart)17.5% RVCV 08/04/2009 EUR1000(CELES)DEEURNo data
CB00DTBST (Boerse-Stuttgart)19% RVCV 08/04/2009 EUR1000(BILFI)DEEURNo data
CB00DSBST (Boerse-Stuttgart)12.5% RVCV 08/04/2009 EUR1000(BEIER)DEEURNo data
CB00DRBST (Boerse-Stuttgart)28% RVCV 08/04/2009 EUR1000(ARQUE)DEEURNo data
CB00DQBST (Boerse-Stuttgart)21% RVCV 08/04/2009 EUR1000(ARCAN)DEEURNo data
CB00DPBST (Boerse-Stuttgart)9.5% RVCV 08/04/2009 EUR1000(AMB G)DEEURNo data
CB00DNBST (Boerse-Stuttgart)15.5% RVCV 08/04/2009 EUR1000(ALTAN)DEEURNo data
CB00DMBST (Boerse-Stuttgart)17.5% RVCV 08/04/2009 EUR1000(AAREA)DEEURNo data
CB00P4BST (Boerse-Stuttgart)16% RVCV 08/04/2009 EUR1000(SYMRI)DEEURNo data
CB00P3BST (Boerse-Stuttgart)13% RVCV 08/04/2009 EUR1000(SUEDZ)DEEURNo data
CB00P2BST (Boerse-Stuttgart)15.5% RVCV 08/04/2009 EUR1000(STADA)DEEURNo data
CB00P0BST (Boerse-Stuttgart)21.5% RVCV 08/04/2009 EUR1000(SALZG)DEEURNo data
CB00DZBST (Boerse-Stuttgart)18.5% RVCV 08/04/2009 EUR1000(FRAPO)DEEURNo data
CB00DYBST (Boerse-Stuttgart)12% RVCV 08/04/2009 EUR1000(DEUTS)DEEURNo data
CB00DXBST (Boerse-Stuttgart)9% RVCV 08/04/2009 EUR1000(DOUGL)DEEURNo data
CB00DWBST (Boerse-Stuttgart)19.5% RVCV 08/04/2009 EUR1000(DEUTZ)DEEURNo data
CB00DVBST (Boerse-Stuttgart)19% RVCV 08/04/2009 EUR1000(DEMAG)DEEURNo data
CRZB.YOTCPK (Pink Sheets LLC)SPON ADR EA REPR 1 ORD(POST REV SPLIT)USUSDJan 1975
ZZMSDB (Deutsche Boerse AG)SPON ADR EA REPR 1 ORD(POST REV SPLIT)DEEURJan 1975
ZZMSBST (Boerse-Stuttgart)SPON ADR EA REPR 1 ORD(POST REV SPLIT)DEEURJan 1975
CRZB.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 1979
CBKDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 1979
CBKWBAG (Wiener Boerse AG)YesOrdinary SharesATEURMay 1979
CBKXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURMay 1979
CBKDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMay 1979
0RLWLSE (London Stock Exchange)YesOrdinary SharesGBEURMay 1979
COMMERZBANKBUSE (Budapest Stock Exchange)YesOrdinary SharesHUHUFMay 1979
CBKSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFMay 1979
CBK NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNMay 1979
CBKBIT (Borsa Italiana)YesOrdinary SharesITEURMay 1979
DSF1DB (Deutsche Boerse AG)GENUSSSCHEINE 2005-31/12/2020 EUR50000DEEURNov 2005

Biography

Commerzbank AG provides banking and capital market services to private and small business customers, corporate clients, multinationals, financial service providers, and institutional clients worldwide. It ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/28 20:23
End of Day Share Price2021/02/26 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.