Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien (XTRA:BVB) - Share price, News & Analysis

BVB fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	4/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

BVB Stock Overview

Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien, through its subsidiaries, operates a football club in Germany.

Rewards

Earnings are forecast to grow 115.99% per year

Risk Analysis

Has less than 1 year of cash runway

Shareholders have been diluted in the past year

Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien Competitors

Manchester United

NYSE:MANU

US$2.1b

Juventus Football Club

BIT:JUVE

€882.1m

A.S. Roma

BIT:ASR

€270.1m

Fenerbahçe Futbol

IBSE:FENER

₺4.2b

Price History & Performance

Summary of all time highs, changes and price drops for Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien
Historical stock prices
Current Share Price	€3.85
52 Week High	€6.90
52 Week Low	€3.16
Beta	1.11
1 Month Change	0.26%
3 Month Change	-3.80%
1 Year Change	-37.12%
3 Year Change	-55.57%
5 Year Change	-37.45%
Change since IPO	-61.71%

Shareholder Returns

	BVB	DE Entertainment	DE Market
7D	6.8%	-7.4%	-0.08%
1Y	-37.1%	-2.5%	-13.2%

Return vs Industry: BVB underperformed the German Entertainment industry which returned 2.7% over the past year.

Return vs Market: BVB underperformed the German Market which returned -13.6% over the past year.

Price Volatility

Is BVB's price volatile compared to industry and market?
BVB volatility
BVB Average Weekly Movement	6.6%
Entertainment Industry Average Movement	6.8%
Market Average Movement	6.2%
10% most volatile stocks in DE Market	10.6%
10% least volatile stocks in DE Market	3.3%

Stable Share Price: BVB is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BVB's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1909	819	Hans-Joachim Watzke	https://aktie.bvb.de

Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien, through its subsidiaries, operates a football club in Germany. The company operates a football club in Dortmund under the SIGNAL IDUNA PARK name, including a professional football squad. It also provides transfer services that include compensation payments for players, catering, TV marketing, advertising comprising marketing and sponsoring activities, and match operations, as well as internet, media, hospitality services.

Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien Fundamentals Summary

How do Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's earnings and revenue compare to its market cap?
BVB fundamental statistics
Market Cap	€424.73m
Earnings (TTM)	-€16.92m
Revenue (TTM)	€419.53m

1.0x

P/S Ratio

-25.1x

P/E Ratio

Is BVB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BVB income statement (TTM)
Revenue	€419.53m
Cost of Revenue	€21.97m
Gross Profit	€397.56m
Other Expenses	€414.48m
Earnings	-€16.92m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.15
Gross Margin	94.76%
Net Profit Margin	-4.03%
Debt/Equity Ratio	0%

How did BVB perform over the long term?

See historical performance and comparison

Valuation

Is Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

1.3x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: BVB (€3.85) is trading above our estimate of fair value (€3.69)

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

Price To Earnings Ratio

PE vs Industry: BVB is unprofitable, so we can't compare its Price-To-Earnings Ratio to the German Entertainment industry average.

PE vs Market: BVB is unprofitable, so we can't compare its Price-To-Earnings Ratio to the German market.

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: BVB is good value based on its Price-To-Book Ratio (1.3x) compared to the DE Entertainment industry average (2.8x).

Future Growth

How is Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

116.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BVB is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.05%).

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

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

Revenue vs Market: BVB's revenue (6.4% per year) is forecast to grow faster than the German market (4.6% per year).

High Growth Revenue: BVB's revenue (6.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BVB's Return on Equity is forecast to be low in 3 years time (2.8%).

Past Performance

How has Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-58.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BVB is currently unprofitable.

Growing Profit Margin: BVB is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: BVB is unprofitable, and losses have increased over the past 5 years at a rate of 58.6% per year.

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

Earnings vs Industry: BVB is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (11.1%).

Return on Equity

High ROE: BVB has a negative Return on Equity (-5.18%), as it is currently unprofitable.

Financial Health

How is Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BVB's short term assets (€96.7M) do not cover its short term liabilities (€138.9M).

Long Term Liabilities: BVB's short term assets (€96.7M) exceed its long term liabilities (€49.1M).

Debt to Equity History and Analysis

Debt Level: BVB is debt free.

Reducing Debt: BVB has no debt compared to 5 years ago when its debt to equity ratio was 0.5%.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BVB has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BVB has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

Dividend

What is Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.78%

Forecast Dividend Yield

Dividend Yield vs Market

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

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

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

Earnings Payout to Shareholders

Earnings Coverage: BVB is not paying a notable dividend for the German market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BVB has not reported any payouts.

Discover strong dividend paying companies

Management

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

4.2yrs

Average management tenure

CEO

Hans-Joachim Watzke (62 yo)

16.33yrs

Tenure

€1,946,000

Compensation

Mr. Hans-Joachim Watzke has been Chief Executive Officer of Borussia Dortmund Geschäftsführungs-GmbH since February 12, 2005. Mr. Watzke serves as a general partner of Borussia Dortmund GmbH & Co. Kommandi...

CEO Compensation Analysis

Compensation vs Market: Hans-Joachim's total compensation ($USD2.08M) is above average for companies of similar size in the German market ($USD928.11K).

Compensation vs Earnings: Hans-Joachim's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: BVB's management team is considered experienced (4.2 years average tenure).

Board Members

Experienced Board: BVB's board of directors are considered experienced (7.5 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 been diluted in the past year, with total shares outstanding growing by 20%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/25 00:00
Earnings	2022/03/31
Annual Earnings	2021/06/30