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BWB

Baader BankXTRA:BWB Stock Report

Market Cap

€324.9m

7D

4.4%

1Y

154.3%

Updated

20 Oct, 2021

Data

Company Financials +
BWB fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance6/6
Financial Health4/6
Dividends5/6

BWB Overview

Baader Bank Aktiengesellschaft, an investment bank, trades in financial instruments in Europe and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Baader Bank
Historical stock prices
Current Share Price€7.12
52 Week High€2.70
52 Week Low€10.80
Beta1.39
1 Month Change-4.81%
3 Month Change-18.72%
1 Year Change154.29%
3 Year Change345.00%
5 Year Change274.74%
Change since IPO-42.27%

Recent News & Updates

Shareholder Returns

BWBDE Capital MarketsDE Market
7D4.4%2.0%1.2%
1Y154.3%30.0%24.4%

Return vs Industry: BWB exceeded the German Capital Markets industry which returned 28% over the past year.

Return vs Market: BWB exceeded the German Market which returned 22.7% over the past year.

Price Volatility

Is BWB's price volatile compared to industry and market?
BWB volatility
BWB Beta1.39
Industry Beta0.99
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1983417Nico Baaderhttps://www.baaderbank.de

Baader Bank Aktiengesellschaft, an investment bank, trades in financial instruments in Europe and internationally. The company trades in equities, bonds, funds and exchange traded funds, and securitized derivatives; and engages in the over-the-counter trading activities. It also provides electronic trading services, including automated order execution in shares, bonds, ETPs, and derivatives for clients on the national and international stock exchanges and trading platforms; and sales trading/execution services, such as the receipt and execution of client orders and orders of the bank’s own clients, as well as flow and news management, portfolio trading, trading strategy advice, sponsoring, CSA and prime brokerage, and clearing services, as well as sells research products and trading ideas.

Baader Bank Fundamentals Summary

How do Baader Bank's earnings and revenue compare to its market cap?
BWB fundamental statistics
Market Cap€324.90m
Earnings (TTM)€64.62m
Revenue (TTM)€296.12m

5.0x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BWB income statement (TTM)
Revenue€296.12m
Cost of Revenue€63.48m
Gross Profit€232.64m
Expenses€168.03m
Earnings€64.62m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.42
Gross Margin78.56%
Net Profit Margin21.82%
Debt/Equity Ratio48.6%

How did BWB perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

18%

Payout Ratio

Valuation

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

5.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BWB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BWB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BWB is good value based on its PE Ratio (5x) compared to the German Capital Markets industry average (17.2x).

PE vs Market: BWB is good value based on its PE Ratio (5x) compared to the German market (22.6x).


Price to Earnings Growth Ratio

PEG Ratio: BWB is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: BWB is overvalued based on its PB Ratio (2.1x) compared to the DE Capital Markets industry average (1.3x).


Future Growth

How is Baader Bank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

3.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BWB's forecast earnings growth (3.4% per year) is above the savings rate (-0.01%).

Earnings vs Market: BWB's earnings (3.4% per year) are forecast to grow slower than the German market (12.7% per year).

High Growth Earnings: BWB's earnings are forecast to grow, but not significantly.

Revenue vs Market: BWB's revenue is expected to decline over the next 3 years (-1.9% per year).

High Growth Revenue: BWB's revenue is forecast to decline over the next 3 years (-1.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BWB's Return on Equity is forecast to be high in 3 years time (29.7%)


Past Performance

How has Baader Bank performed over the past 5 years?

64.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BWB has high quality earnings.

Growing Profit Margin: BWB's current net profit margins (21.8%) are higher than last year (10.3%).


Past Earnings Growth Analysis

Earnings Trend: BWB has become profitable over the past 5 years, growing earnings by 64.7% per year.

Accelerating Growth: BWB's earnings growth over the past year (258.2%) exceeds its 5-year average (64.7% per year).

Earnings vs Industry: BWB earnings growth over the past year (258.2%) exceeded the Capital Markets industry 65.1%.


Return on Equity

High ROE: BWB's Return on Equity (41.3%) is considered outstanding.


Financial Health

How is Baader Bank's financial position?


Financial Position Analysis

Short Term Liabilities: BWB's short term assets (€1.0B) exceed its short term liabilities (€896.7M).

Long Term Liabilities: BWB's short term assets (€1.0B) exceed its long term liabilities (€180.4M).


Debt to Equity History and Analysis

Debt Level: BWB's debt to equity ratio (48.6%) is considered high.

Reducing Debt: BWB's debt to equity ratio has reduced from 89.7% to 48.6% over the past 5 years.

Debt Coverage: BWB's debt is well covered by operating cash flow (328.4%).

Interest Coverage: Insufficient data to determine if BWB's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Baader Bank current dividend yield, its reliability and sustainability?

3.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BWB's dividend (3.51%) is higher than the bottom 25% of dividend payers in the German market (0.98%).

High Dividend: BWB's dividend (3.51%) is in the top 25% of dividend payers in the German market (3.23%)


Stability and Growth of Payments

Stable Dividend: BWB's dividend payments have been volatile in the past 10 years.

Growing Dividend: BWB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.7%), BWB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BWB's dividends in 3 years are forecast to be well covered by earnings (31.4% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Nico Baader (51 yo)

6.25yrs

Tenure

Mr. Nico Baader has been Chairman of the Executive Board at Baader Bank AG since July 1, 2015 and has been its member of its executive Board since 2009. Mr. Baader served as a Capital Markets Director on t...


Leadership Team

Experienced Management: BWB's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: BWB's board of directors are considered experienced (3.3 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

Baader Bank Aktiengesellschaft's employee growth, exchange listings and data sources


Key Information

  • Name: Baader Bank Aktiengesellschaft
  • Ticker: BWB
  • Exchange: XTRA
  • Founded: 1983
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: €324.898m
  • Shares outstanding: 45.63m
  • Website: https://www.baaderbank.de

Number of Employees


Location

  • Baader Bank Aktiengesellschaft
  • Weihenstephaner Strasse 4
  • Unterschleißheim
  • Bavaria
  • 85716
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 22:02
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
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.