XTRA:DBK

Stock Analysis Report

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Executive Summary

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. More Details

Rewards

Earnings are forecast to grow 81.29% per year

Earnings have grown 12.9% per year over the past 5 years

Risk Analysis

No risks detected for DBK from our risk checks.


Snowflake Analysis

Moderate growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: DBK is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: DBK's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-7.6%

DBK

-1.0%

DE Capital Markets

1.6%

DE Market


1 Year Return

13.7%

DBK

7.8%

DE Capital Markets

3.6%

DE Market

Return vs Industry: DBK exceeded the German Capital Markets industry which returned 7.6% over the past year.

Return vs Market: DBK exceeded the German Market which returned 3.6% over the past year.


Shareholder returns

DBKIndustryMarket
7 Day-7.6%-1.0%1.6%
30 Day-0.9%2.0%3.7%
90 Day9.6%6.8%12.0%
1 Year13.7%13.7%9.3%7.8%7.0%3.6%
3 Year-41.5%-43.1%-5.6%-10.0%5.8%-3.5%
5 Year-36.8%-45.7%15.3%-0.6%42.5%22.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.3x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: DBK (€8.9) is trading above our estimate of fair value (€6.13)

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


Price To Earnings Ratio

PE vs Industry: DBK is unprofitable, so we can't compare its PE Ratio to the DE Capital Markets industry average.

PE vs Market: DBK 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 DBK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DBK is good value based on its PB Ratio (0.3x) compared to the DE Capital Markets industry average (1.2x).


Next Steps

Future Growth

How is Deutsche Bank forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

81.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: DBK's revenue is expected to decline over the next 3 years (-1.3% per year).

High Growth Revenue: DBK's revenue is forecast to decline over the next 3 years (-1.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DBK's Return on Equity is forecast to be low in 3 years time (4.7%).


Next Steps

Past Performance

How has Deutsche Bank performed over the past 5 years?

12.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DBK is currently unprofitable.

Growing Profit Margin: DBK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DBK is unprofitable, but has reduced losses over the past 5 years at a rate of 12.9% per year.

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

Earnings vs Industry: DBK is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (47.7%).


Return on Equity

High ROE: DBK has a negative Return on Equity (-1.75%), as it is currently unprofitable.


Next Steps

Financial Health

How is Deutsche Bank'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: DBK's Assets to Equity ratio (22.3x) is very high.

Allowance for Bad Loans: DBK has a low allowance for bad loans (39%).

Low Risk Liabilities: 57% of DBK's liabilities are made up of primarily higher risk sources of funding.

Loan Level: DBK has an appropriate level of Loans to Assets ratio (31%).

Low Risk Deposits: DBK's Loans to Deposits ratio (74%) is appropriate.

Level of Bad Loans: DBK has a high level of bad loans (2.9%).


Next Steps

Dividend

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

1.12%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate DBK'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 DBK's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DBK'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?

1.3yrs

Average management tenure


CEO

Christian Sewing (50 yo)

2.75yrs

Tenure

€6,040,750

Compensation

Mr. Christian Sewing has been Chairman of Management Board and CEO at Deutsche Bank Aktiengesellschaft since April 8, 2018 and as its Member of Management Board since January 01, 2015 respectively. Mr. Sew...


CEO Compensation Analysis

Compensation vs Market: Christian's total compensation ($USD7.35M) is above average for companies of similar size in the German market ($USD5.42M).

Compensation vs Earnings: Christian's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Christian Sewing
CEO & Chairman of Management Board2.75yrs€6.04m0.0056%
€ 1.0m
Karl von Rohr
President & Deputy Chairman of the Executive Board2.75yrs€5.26m0.00047%
€ 86.4k
James von Moltke
CFO & Member of Management Board3.75yrs€5.63m0.0027%
€ 497.9k
Stuart Lewis
Chief Risk Officer & Member of Management Board8.58yrs€4.93m0.0071%
€ 1.3m
Fabrizio Campelli
Chief Transformation Officer & Member of Management Board1.17yrs€2.82m0.0024%
€ 448.3k
Stefan Simon
Member of Management Board & Chief Administrative Officer0.42yr€320.83kno data
Frank Kuhnke
COO & Member of the Management Board2.75yrs€4.68m0.00075%
€ 137.8k
Alexander von zur Mühlen
CEO of Asia Pacific & Member of Management Board0.42yrno datano data
Christiana Riley
Member of Management Board & Regional CEO of Americas1yrno data0.0021%
€ 391.4k
Bernd Leukert
Chief Technology1yrno data0.000070%
€ 12.9k
Brigitte Bomm
Chief Accounting Officer & Global Head of Tax0.083yrno datano data
Mark Fedorcik
Head of the Investment Bank & Head of Corporate Finance1.42yrsno datano data

1.3yrs

Average Tenure

51yo

Average Age

Experienced Management: DBK's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Borislav Ivanov-Blankenburg
Chairman & Chief Country Officer of Deutsche Bank Russia3.58yrsno datano data
Sam Chan
Director0.17yrno datano data
Amy Chau
Director0.17yrno datano data
Cynthia Cheng
Director0.17yrno datano data
Cindy Wu
Director0.17yrno datano data
Paul M. Achleitner
Independent Supervisory Board Chairman8.67yrs€900.00k0.0070%
€ 1.3m
Benjamin Griswold
Member of Americas Advisory Boardno datano datano data
Gabriele Platscher
Employee Representative Member of Supervisory Board17.58yrs€300.00k0.000070%
€ 12.9k
Henriette Mark
Employee Representative Member of Supervisory Board17.58yrs€250.00k0.000070%
€ 12.9k
Mayree Clark
Independent Member of Supervisory Board2.67yrs€370.83k0.0033%
€ 602.7k
Norbert Winkeljohann
Independent Member of Supervisory Board2.42yrs€420.83kno data
Detlef Polaschek
Employee Representative Deputy Chairman of the Supervisory Board2.67yrs€450.00k0.000030%
€ 5.5k

2.7yrs

Average Tenure

63yo

Average Age

Experienced Board: DBK's board of directors are not considered experienced ( 2.7 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

Deutsche Bank Aktiengesellschaft's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Deutsche Bank Aktiengesellschaft
  • Ticker: DBK
  • Exchange: XTRA
  • Founded: 1870
  • Industry: Diversified Capital Markets
  • Sector: Diversified Financials
  • Market Cap: €18.374b
  • Shares outstanding: 2.06b
  • Website: https://www.db.com

Number of Employees


Location

  • Deutsche Bank Aktiengesellschaft
  • Taunusanlage 12
  • Frankfurt am Main
  • Hessen
  • 60325
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0H7DLSE (London Stock Exchange)YesCommon SharesGBEURJan 1992
DB NBMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNJan 1992
DBKWBAG (Wiener Boerse AG)YesCommon SharesATEURJan 1992
DBKDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1992
DBKBIT (Borsa Italiana)YesCommon SharesITEURJan 1992
DBKXTRA (XETRA Trading Platform)YesCommon SharesDEEURJan 1992
DBNYSE (New York Stock Exchange)YesCommon SharesUSUSDJan 1992
DEUTSCHEBANKBUSE (Budapest Stock Exchange)YesCommon SharesHUHUFJan 1992
DBKDBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJan 1992
DBKSEP (The Stock Exchange Prague Co. Ltd.)YesCommon SharesCZCZKJan 1992
DBAG34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REP 1 NPV(REGD)BRBRLMay 2019

Biography

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. Its Corporate Bank segmen...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 20:20
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.