Deutsche Pfandbriefbank AG, a specialist bank, provides real estate and public investment finance in Europe and the United States.
Average dividend payer with mediocre balance sheet.
Share Price & News
How has Deutsche Pfandbriefbank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PBB has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PBB exceeded the German Mortgage industry which returned 10.3% over the past year.
Return vs Market: PBB exceeded the German Market which returned 6.1% over the past year.
Price Volatility Vs. Market
How volatile is Deutsche Pfandbriefbank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs Deutsche Pfandbriefbank AG (ETR:PBB) A Smart Choice For Dividend Investors?
4 weeks ago | Simply Wall StAt €14.42, Is It Time To Put Deutsche Pfandbriefbank AG (ETR:PBB) On Your Watch List?
1 month ago | Simply Wall StUpdate: Deutsche Pfandbriefbank (ETR:PBB) Stock Gained 59% In The Last Three Years
Is Deutsche Pfandbriefbank undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PBB (€14.27) is trading above our estimate of fair value (€10.69)
Significantly Below Fair Value: PBB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PBB is poor value based on its PE Ratio (10.7x) compared to the Mortgage industry average (10.3x).
PE vs Market: PBB is good value based on its PE Ratio (10.7x) compared to the German market (20.2x).
Price to Earnings Growth Ratio
PEG Ratio: PBB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: PBB is overvalued based on its PB Ratio (0.8x) compared to the XE Mortgage industry average (0.7x).
How is Deutsche Pfandbriefbank forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PBB's earnings are forecast to decline over the next 3 years (-5.1% per year).
Earnings vs Market: PBB's earnings are forecast to decline over the next 3 years (-5.1% per year).
High Growth Earnings: PBB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: PBB's revenue is expected to decline over the next 3 years (-1% per year).
High Growth Revenue: PBB's revenue is forecast to decline over the next 3 years (-1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PBB's Return on Equity is forecast to be low in 3 years time (4.7%).
How has Deutsche Pfandbriefbank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PBB has high quality earnings.
Growing Profit Margin: PBB's current net profit margins (39.3%) are lower than last year (42.2%).
Past Earnings Growth Analysis
Earnings Trend: PBB's earnings have grown by 13.6% per year over the past 5 years.
Accelerating Growth: PBB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PBB had negative earnings growth (-5.2%) over the past year, making it difficult to compare to the Mortgage industry average (-1.3%).
Return on Equity
High ROE: PBB's Return on Equity (6.1%) is considered low.
Return on Assets
Return on Capital Employed
How is Deutsche Pfandbriefbank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: PBB has a low level of unsold assets or inventory.
Debt Coverage by Assets: PBB's debt is not covered by short term assets (assets are 0.3x debt).
Financial Institutions Analysis
Asset Level: PBB's level of assets compared to its equity is moderate.
Allowance for Bad Loans: PBB has a low allowance for bad loans.
Low Risk Liabilities: PBB's liabilities are made up of primarily higher risk sources of funding.
Loan Level: PBB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: PBB has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: PBB has an appropriate level of bad loans (0.47%)
What is Deutsche Pfandbriefbank's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PBB's dividend (7.01%) is higher than the bottom 25% of dividend payers in the German market (1.43%).
High Dividend: PBB's dividend (7.01%) is in the top 25% of dividend payers in the German market (3.8%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, PBB has been paying a dividend for less than 10 years.
Growing Dividend: PBB's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.3%), PBB's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PBB's dividends in 3 years are forecast to be covered by earnings (76.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andreas Arndt (61yo)
Mr. Andreas Arndt has been the Chief Executive Officer and Chairman of Management Board at Deutsche Pfandbriefbank AG since May 12, 2016 and has been its Chief Financial Officer since October 2014. Mr. Arn ...
CEO Compensation Analysis
Compensation vs Market: Andreas's total compensation ($USD1.57M) is about average for companies of similar size in the German market ($USD1.63M).
Compensation vs Earnings: Andreas's compensation has been consistent with company performance over the past year.
|Chairman of Management Board||5.3yrs||€1.44m||no data|
|Dep. Chairman of Mgmt. Board and Dep. CEO of Real Estate Finance & Public Investment Finance||0yrs||€1.35m||no data|
|Chief Risk Officer & Member of Management Board||5.9yrs||€1.29m||no data|
|Treasurer & Member of Management Board||1.1yrs||no data||no data|
|Head of Investor Relations / Rating Agency Relations||0yrs||no data||no data|
|Head of Communications||10.5yrs||no data||no data|
|Head of Real Estate Finance Germany||0yrs||no data||no data|
Experienced Management: PBB's management team is seasoned and experienced (5.6 years average tenure).
|Supervisory Board Member||4.6yrs||€54.15k||no data|
|Employee Representative Supervisory Board Member||10.7yrs||€38.68k||no data|
|Supervisory Board Member||5.5yrs||€94.61k||no data|
|Supervisory Board Chairman||5.5yrs||€167.45k||no data|
|Deputy Chairman of Supervisory Board||10.5yrs||€119.97k||no data|
|Employee Representative Supervisory Board Member||8.6yrs||€53.55k||no data|
|Employee Representative Supervisory Board Member||7.3yrs||€39.27k||no data|
|Supervisory Board Member||1.7yrs||€35.79k||no data|
|Supervisory Board Member||3.8yrs||€52.96k||no data|
Experienced Board: PBB's board of directors are considered experienced (5.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Deutsche Pfandbriefbank AG's company bio, employee growth, exchange listings and data sources
- Name: Deutsche Pfandbriefbank AG
- Ticker: PBB
- Exchange: XTRA
- Founded: 1922
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: €1.928b
- Shares outstanding: 134.48m
- Website: https://www.pfandbriefbank.com
Number of Employees
- Deutsche Pfandbriefbank AG
- Freisinger Strasse 5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PBB||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|0R9K||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|PBB||XTRA (XETRA Trading Platform)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|PBB||SWX (SIX Swiss Exchange)||Yes||Ordinary Shares||CH||CHF||Jan 1992|
|PBBD||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|PBB||ETLX (Eurotlx)||Yes||Ordinary Shares||IT||EUR||Jan 1992|
|PBB||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Jan 1992|
|PBBG.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
Deutsche Pfandbriefbank AG, a specialist bank, provides real estate and public investment finance in Europe and the United States. Its real estate financing activities include a range of financing instruments, such as financing investment projects, development finance, cross-border portfolio financing, investment bridge finance facilities, standby/backup facilities, and derivatives. The company primarily finances office buildings, retail properties, residential buildings, and logistics properties targeting real estate companies, institutional investors, and real estate funds. It is also involved in the public investment financing activities, such as financing for public sector facilities, municipal and residential buildings, utilities, infrastructure, medical and geriatric care facilities, and administration and insurance facilities. The company’s lending products include investment loans and export finance, as well as PPP-lending for public goods investments and infrastructure comprising project finance. In addition, the company provides advisory services. It has offices in four locations within Germany; and five locations in London, Madrid, Paris, Stockholm, and New York City. The company was formerly known as Hypo Real Estate Bank AG and changed its name to Deutsche Pfandbriefbank AG in June 2009. The company was founded in 1922 and is headquartered in Unterschleißheim, Germany.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 23:08|
|End of Day Share Price||2020/02/25 00:00|
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.