Deutsche Pfandbriefbank AG provides commercial real estate and public investment finance products. More Details
Undervalued 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 is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: PBB's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: PBB exceeded the German Mortgage industry which returned 46.7% over the past year.
Return vs Market: PBB exceeded the German Market which returned 34% over the past year.
Long-Term 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 StWe Discuss Why Deutsche Pfandbriefbank AG's (ETR:PBB) CEO Compensation May Be Closely Reviewed
2 months ago | Simply Wall StIs Deutsche Pfandbriefbank AG (ETR:PBB) A Good Fit For Your Dividend Portfolio?
4 months ago | Simply Wall StWould Shareholders Who Purchased Deutsche Pfandbriefbank's (ETR:PBB) Stock Year Be Happy With The Share price Today?
Is Deutsche Pfandbriefbank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PBB (€9.63) is trading below our estimate of fair value (€11.54)
Significantly Below Fair Value: PBB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: PBB is good value based on its PE Ratio (12.9x) compared to the European Mortgage industry average (13.5x).
PE vs Market: PBB is good value based on its PE Ratio (12.9x) compared to the German market (26.8x).
Price to Earnings Growth Ratio
PEG Ratio: PBB is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: PBB is good value based on its PB Ratio (0.4x) compared to the XE Mortgage industry average (0.9x).
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 forecast earnings growth (14.5% per year) is above the savings rate (0.01%).
Earnings vs Market: PBB's earnings (14.5% per year) are forecast to grow slower than the German market (17.9% per year).
High Growth Earnings: PBB's earnings are forecast to grow, but not significantly.
Revenue vs Market: PBB's revenue (9.1% per year) is forecast to grow faster than the German market (5.6% per year).
High Growth Revenue: PBB's revenue (9.1% per year) is forecast to grow slower than 20% 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 (5.4%).
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 (24.8%) are lower than last year (35.4%).
Past Earnings Growth Analysis
Earnings Trend: PBB's earnings have declined by 15.2% 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 (-38.1%) over the past year, making it difficult to compare to the Mortgage industry average (-5.2%).
Return on Equity
High ROE: PBB's Return on Equity (3.5%) is considered low.
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
Financial Institutions Analysis
Asset Level: PBB's Assets to Equity ratio (17.8x) is moderate.
Allowance for Bad Loans: PBB has a low allowance for bad loans (52%).
Low Risk Liabilities: 59% of PBB's liabilities are made up of primarily higher risk sources of funding.
Loan Level: PBB has an appropriate level of Loans to Assets ratio (70%).
Low Risk Deposits: PBB's Loans to Deposits ratio (182%) is high.
Level of Bad Loans: PBB has an appropriate level of bad loans (1.1%).
What is Deutsche Pfandbriefbank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PBB's dividend (2.7%) is higher than the bottom 25% of dividend payers in the German market (1.07%).
High Dividend: PBB's dividend (2.7%) is low compared to the top 25% of dividend payers in the German market (3.24%).
Stability and Growth of Payments
Stable Dividend: PBB has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: PBB has only been paying a dividend for 5 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35%), PBB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PBB's dividends in 3 years are forecast to be covered by earnings (73.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andreas Arndt (62 yo)
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 ($USD1.98M) is about average for companies of similar size in the German market ($USD1.60M).
Compensation vs Earnings: Andreas's compensation has been consistent with company performance over the past year.
Experienced Management: PBB's management team is seasoned and experienced (6.9 years average tenure).
Experienced Board: PBB's board of directors are considered experienced (7.6 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: NaN
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: €1.295b
- Shares outstanding: 134.48m
- Website: https://www.pfandbriefbank.com
Number of Employees
- Deutsche Pfandbriefbank AG
- Parkring 28
- Garching bei München
Deutsche Pfandbriefbank AG provides commercial real estate and public investment finance products. Its commercial real estate financing activities include financing instruments, such as financing investmen...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/12 19:01|
|End of Day Share Price||2021/05/12 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.