DB:TUB

Stock Analysis Report

HSBC Trinkaus & Burkhardt

Executive Summary

HSBC Trinkaus & Burkhardt AG provides various banking products and services to companies, institutional clients, the public sector, and high net worth private clients in Germany.


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

How has HSBC Trinkaus & Burkhardt's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

6.4%

TUB

6.0%

DE Banks

7.3%

DE Market


1 Year Return

-11.8%

TUB

-33.2%

DE Banks

-17.7%

DE Market

Return vs Industry: TUB exceeded the German Banks industry which returned -33.2% over the past year.

Return vs Market: TUB exceeded the German Market which returned -17.7% over the past year.


Shareholder returns

TUBIndustryMarket
7 Day6.4%6.0%7.3%
30 Day-11.4%-22.6%-17.9%
90 Day-7.7%-24.3%-25.8%
1 Year-7.2%-11.8%-31.1%-33.2%-15.1%-17.7%
3 Year-22.1%-31.1%-41.9%-44.7%-18.7%-25.6%
5 Year-26.1%-39.2%-39.6%-51.8%-17.7%-29.0%

Price Volatility Vs. Market

How volatile is HSBC Trinkaus & Burkhardt's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is HSBC Trinkaus & Burkhardt undervalued compared to its fair value and its price relative to the market?

47.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TUB (€43.4) is trading below our estimate of fair value (€82.96)

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


Price To Earnings Ratio

PE vs Industry: TUB is poor value based on its PE Ratio (17.5x) compared to the Banks industry average (15.1x).

PE vs Market: TUB is poor value based on its PE Ratio (17.5x) compared to the German market (16.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TUB is good value based on its PB Ratio (0.6x) compared to the DE Banks industry average (0.7x).


Next Steps

Future Growth

How is HSBC Trinkaus & Burkhardt forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.7%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as HSBC Trinkaus & Burkhardt has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has HSBC Trinkaus & Burkhardt performed over the past 5 years?

-5.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TUB has high quality earnings.

Growing Profit Margin: TUB's current net profit margins (11.8%) are lower than last year (15.9%).


Past Earnings Growth Analysis

Earnings Trend: TUB's earnings have declined by -5.8% per year over the past 5 years.

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

Earnings vs Industry: TUB had negative earnings growth (-27.5%) over the past year, making it difficult to compare to the Banks industry average (0.7%).


Return on Equity

High ROE: TUB's Return on Equity (3.8%) is considered low.


Next Steps

Financial Health

How is HSBC Trinkaus & Burkhardt'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: TUB has a low level of unsold assets or inventory.

Debt Coverage by Assets: TUB's debt is covered by short term assets (assets are 4.6x debt).


Financial Institutions Analysis

Asset Level: TUB's level of assets compared to its equity is moderate.

Allowance for Bad Loans: TUB has a low allowance for bad loans.

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

Loan Level: TUB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: TUB's loans are broadly funded by customer deposits.

Level of Bad Loans: TUB has an appropriate level of bad loans (1.82%)


Next Steps

Dividend

What is HSBC Trinkaus & Burkhardt's current dividend yield, its reliability and sustainability?

5.76%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: TUB's dividend (5.76%) is higher than the bottom 25% of dividend payers in the German market (1.7%).

High Dividend: TUB's dividend (5.76%) is in the top 25% of dividend payers in the German market (4.97%)


Stability and Growth of Payments

Stable Dividend: TUB's dividends per share have been stable in the past 10 years.

Growing Dividend: TUB's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (101%), TUB's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Carola von Schmettow (55yo)

no data

Tenure

€3,334,600

Compensation

Ms. Carola Gräfin von Schmettow serves as the Chief Executive Officer of Germany at HSBC Bank Plc and HSBC Holdings. Ms. von Schmettow served as Chief Executive Officer of HSBC Trinkaus & Burkhardt AG. She ...


Leadership Team

NamePositionTenureCompensationOwnership
Carola von Schmettow
Chairwoman of the Management Boardno data€3.33mno data
Andreas Kamp
CFO & Member of the Management Board1.17yrsno datano data
Rudolf Eduard Apenbrink
Member of Management Board & Executive Director of HSBC Global Asset Management (Deutschland) Gmbh4.75yrsno datano data
Jan Wilmanns
Head of Institutional & Corporate Clients - Global Markets Segment and Member of Management Board2.67yrsno datano data
Fredun Mazaheri
Member of Management Board2.83yrsno datano data
Nicolo Salsano
Head of Corporate & Institutional Banking and Member of Management Board1.42yrsno datano data
Thomas Runge
Executive VP & COO1.17yrsno datano data
Wilhelm Lennartz
Senior Manager Employee Communicationsno datano datano data

2.0yrs

Average Tenure

55yo

Average Age

Experienced Management: TUB's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Herbert Jacobi
Honorary Chairman of the Supervisory Board15.75yrsno datano data
Ulrich Lehner
Member of Advisory Board8.67yrsno datano data
Werner Wenning
Member of Advisory Boardno datano datano data
Dieter Vogel
Member of Advisory Boardno datano datano data
Andreas J. Schmitz
Supervisory Board Chairman4.75yrs€3.46mno data
Sieghardt Rometsch
Member of Advisory Board4.25yrsno datano data
Renate Köcher
Member of Advisory Boardno datano datano data
Eric Strutz
Supervisory Board Member4.75yrsno datano data
Udo van Meeteren
Member of Advisory Boardno datano datano data
Friedrich Merz
Chairman of Advisory Boardno datano datano data

4.8yrs

Average Tenure

73yo

Average Age

Experienced Board: TUB's board of directors are considered experienced (4.8 years average tenure).


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

HSBC Trinkaus & Burkhardt AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: HSBC Trinkaus & Burkhardt AG
  • Ticker: TUB
  • Exchange: DB
  • Founded: 1785
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €1.479b
  • Shares outstanding: 34.09m
  • Website: https://www.hsbc.de

Number of Employees


Location

  • HSBC Trinkaus & Burkhardt AG
  • Königsallee 21/23
  • Dusseldorf
  • North Rhine-Westphalia
  • 40212
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TUBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992

Biography

HSBC Trinkaus & Burkhardt AG provides various banking products and services to companies, institutional clients, the public sector, and high net worth private clients in Germany. The company operates through Private Banking & Asset Management (PB&AM), Commercial Banking (CMB), and Global Banking & Markets (GB&M) segments. The PB&AM segment offers asset management and advisory services; and special services, such as advice on special asset structuring, execution of wills, and family office services. The CMB segment offers lending and deposit products; domestic and foreign payment transactions services, such as payments and cash management; and interest rate and currency management, as well as the international business services. The GB&M segment offers lending business and investment banking, primary market origination function, and capital market products distribution and trading, as well as custody, clearing, and custodian bank services. It operates a network of 12 bank locations in Germany. The company was founded in 1785 and is headquartered in Dusseldorf, Germany. HSBC Trinkaus & Burkhardt AG is a subsidiary of HSBC Bank Plc. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/29 21:03
End of Day Share Price2020/03/27 00:00
Earnings2019/06/30
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.