Loading...

Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien

DB:BVB
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BVB
DB
€809M
Market Cap
  1. Home
  2. DE
  3. Media
Company description

Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien, through its subsidiaries, operates a football club in Germany. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
BVB Share Price and Events
7 Day Returns
0.2%
DB:BVB
0.8%
DE Entertainment
1.5%
DE Market
1 Year Returns
62%
DB:BVB
10.2%
DE Entertainment
-6.2%
DE Market
BVB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien (BVB) 0.2% 11% -1.1% 62% 127.4% 135%
DE Entertainment 0.8% 6.3% 12.5% 10.2% 35.2% 74.6%
DE Market 1.5% 6% 8.5% -6.2% 10.7% 15.3%
1 Year Return vs Industry and Market
  • BVB outperformed the Entertainment industry which returned 10.2% over the past year.
  • BVB outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
BVB
Industry
5yr Volatility vs Market

Value

 Is Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien.

DB:BVB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:BVB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.962 (1 + (1- 30%) (1.54%))
0.982
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.982 * 5.96%)
6.08%

Discounted Cash Flow Calculation for DB:BVB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:BVB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.08%)
2019 13.90 Analyst x1 13.10
2020 35.70 Analyst x1 31.73
2021 37.70 Analyst x1 31.58
2022 39.16 Est @ 3.89% 30.93
2023 40.26 Est @ 2.79% 29.97
2024 41.07 Est @ 2.02% 28.82
2025 41.68 Est @ 1.48% 27.58
2026 42.14 Est @ 1.11% 26.28
2027 42.50 Est @ 0.84% 24.99
2028 42.78 Est @ 0.66% 23.71
Present value of next 10 years cash flows €268.69
DB:BVB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €42.78 × (1 + 0.23%) ÷ (6.08% – 0.23%)
€732.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €732.79 ÷ (1 + 6.08%)10
€406.17
DB:BVB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €268.69 + €406.17
€674.86
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €674.86 / 91.98
€7.34
DB:BVB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BVB represents 1.00682x of XTRA:BVB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00682x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 7.34 x 1.00682
€7.39
Value per share (EUR) From above. €7.39
Current discount Discount to share price of €8.86
= -1 x (€8.86 - €7.39) / €7.39
-19.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BVB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.07
XTRA:BVB Share Price ** XTRA (2019-04-23) in EUR €8.8
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 19.82x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.6x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien.

DB:BVB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:BVB Share Price ÷ EPS (both in EUR)

= 8.8 ÷ 0.07

127.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien is overvalued based on earnings compared to the DE Entertainment industry average.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's expected growth come at a high price?
Raw Data
DB:BVB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 127.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
62.8%per year
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.67x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:BVB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 127.02x ÷ 62.8%

2.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's assets?
Raw Data
DB:BVB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €3.71
XTRA:BVB Share Price * XTRA (2019-04-23) in EUR €8.8
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.56x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:BVB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:BVB Share Price ÷ Book Value per Share (both in EUR)

= 8.8 ÷ 3.71

2.37x

* Primary Listing of Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien is overvalued based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Entertainment industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Entertainment industry average (and greater than 0)? (1 check)
  5. Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
62.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien expected to grow at an attractive rate?
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's earnings growth is expected to exceed the Germany market average.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BVB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BVB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 62.8%
DB:BVB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -1.6%
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 23%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:BVB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BVB Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 463 1
2020-06-30 485 28 2
2019-06-30 495 71 26 1
DB:BVB Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 480 98 6
2018-09-30 443 87 -19
2018-06-30 536 158 28
2018-03-31 576 239 68
2017-12-31 503 246 32
2017-09-30 504 262 40
2017-06-30 406 110 8
2017-03-31 421 7 44
2016-12-31 422 14 49
2016-09-30 413 -4 56
2016-06-30 376 35 29
2016-03-31 312 18 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's earnings are expected to grow significantly at over 20% yearly.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:BVB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BVB Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.27 0.27 0.27 1.00
2020-06-30 0.29 0.30 0.27 2.00
2019-06-30 0.28 0.28 0.28 1.00
DB:BVB Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.07
2018-09-30 -0.21
2018-06-30 0.31
2018-03-31 0.74
2017-12-31 0.35
2017-09-30 0.44
2017-06-30 0.09
2017-03-31 0.48
2016-12-31 0.54
2016-09-30 0.60
2016-06-30 0.32
2016-03-31 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's growth in the last year to its industry (Entertainment).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's 1-year earnings growth is negative, it can't be compared to the DE Entertainment industry average.
Earnings and Revenue History
Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BVB Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 480.25 6.35 217.95
2018-09-30 443.37 -18.98 212.32
2018-06-30 536.04 28.46 210.95
2018-03-31 575.51 68.42 220.52
2017-12-31 503.33 32.04 217.28
2017-09-30 503.73 40.08 210.73
2017-06-30 405.69 8.21 205.29
2017-03-31 421.18 44.10 187.23
2016-12-31 422.30 49.48 180.45
2016-09-30 413.05 55.50 171.68
2016-06-30 376.26 29.19 164.31
2016-03-31 312.47 -3.42 154.87
2015-12-31 293.87 -3.08 148.58
2015-09-30 296.08 -2.76 145.35
2015-06-30 276.05 5.25 139.07
2015-03-31 271.89 -1.45 136.25
2014-12-31 274.46 7.15 133.50
2014-09-30 271.18 12.70 131.05
2014-06-30 260.74 11.66 129.12
2014-03-31 316.38 42.88 141.57
2013-12-31 315.69 44.81 138.53
2013-09-30 312.60 49.62 135.41
2013-06-30 305.03 50.82 130.74
2013-03-31 260.35 30.86 114.35
2012-12-31 243.71 28.82 109.79
2012-09-30 227.99 25.82 103.04
2012-06-30 219.14 27.41 99.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien used its assets less efficiently than the DE Entertainment industry average last year based on Return on Assets.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Entertainment industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 7.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien Company Filings, last reported 3 months ago.

DB:BVB Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 347.54 12.49 15.57
2018-09-30 341.43 12.83 20.96
2018-06-30 336.30 8.70 59.46
2018-03-31 369.43 9.17 51.63
2017-12-31 347.25 9.64 23.88
2017-09-30 365.92 18.31 56.62
2017-06-30 312.30 20.58 49.30
2017-03-31 305.45 21.29 27.00
2016-12-31 319.63 22.00 38.92
2016-09-30 330.15 22.83 38.84
2016-06-30 309.54 23.41 51.72
2016-03-31 267.48 23.92 35.56
2015-12-31 276.44 24.26 29.29
2015-09-30 280.37 24.86 47.62
2015-06-30 286.08 25.33 53.74
2015-03-31 275.63 26.13 45.35
2014-12-31 284.17 22.35 52.71
2014-09-30 287.42 63.16 102.86
2014-06-30 145.25 66.50 17.85
2014-03-31 142.13 69.86 4.15
2013-12-31 142.43 66.11 6.83
2013-09-30 142.03 68.35 3.77
2013-06-30 140.62 68.94 12.54
2013-03-31 105.39 76.52 12.10
2012-12-31 103.32 77.60 16.96
2012-09-30 95.77 71.95 6.97
2012-06-30 93.46 71.82 5.27
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's level of debt (3.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (46.4% vs 3.6% today).
  • Debt is well covered by operating cash flow (785.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.9x coverage).
X
Financial health checks
We assess Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.68%
Current annual income from Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien dividends. Estimated to be 0.68% next year.
If you bought €2,000 of Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien shares you are expected to receive €14 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:BVB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:BVB Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.06 1.00
2020-06-30 0.06 2.00
2019-06-30 0.06 2.00
DB:BVB Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-09-28 0.060 0.714
2017-08-25 0.060 0.967
2016-09-27 0.060 1.060
2015-09-09 0.050 1.244
2014-09-10 0.100 2.570
2013-09-27 0.100 2.484
2013-02-25 0.060 1.851
2012-09-10 0.060 2.194

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • No need to calculate the sustainability of Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Hans-Joachim Watzke
COMPENSATION €2,555,000
AGE 59
CEO Bio

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. Kommanditgesellschaft auf Aktien. Mr. Watzke serves as the Chairman of Management Board at Borussia Dortmund Geschäftsführungs-GmbH, a general partner of Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien. Mr. Watzke serves as Managing Director of Borussia Dortmund Geschäftsführungs-gmb of Borussia Dortmund GmbH & Co. KGaA. He served as the Managing Director of Borussia Dortmund Geschäftsfü-GmbH. since July 1, 2005 until December 31, 2005. He has been Chairman of management board at Borussia Dortmund Geschäftsfü since January 1, 2006. He serves as Chairman of the Management of B. V BORUSSIA O9 EV. DORTMUND. He serves as Member of Executive Board of B. V BORUSSIA O9 EV. DORTMUND. Mr. Watzke served as Treasurer of Borussia Dortmund Gmbh & Co KGAA. He serves as Chairman of the Board of Borussia Dortmund Group.

CEO Compensation
  • Hans-Joachim's compensation has been consistent with company performance over the past year.
  • Hans-Joachim's remuneration is higher than average for companies of similar size in Germany.
Management Team

Hans-Joachim Watzke

TITLE
Chairman of Mgmt Board & MD of Borussia Dortmund Geschäftsführungs-GmbH
COMPENSATION
€3M
AGE
59

Thomas Treß

TITLE
MD & Member of Mgmt Board of Borussia Dortmund Geschäftsführungs-GmbH
COMPENSATION
€1M
AGE
52

Carsten Cramer

TITLE
MD of Sales
COMPENSATION
€636K
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien board of directors in years:

4.4
Average Tenure
59
Average Age
  • The tenure for the Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien board of directors is about average.
Board of Directors

Gerd Pieper

TITLE
Chairman of Supervisory Board
AGE
75
TENURE
14.4 yrs

Werner Müller

TITLE
Deputy Chairman of the Supervisory Board
AGE
72
TENURE
3.4 yrs

Bernd Geske

TITLE
Member of Supervisory Board
AGE
53
TENURE
13.4 yrs

Christian Kullmann

TITLE
Member of Supervisory Board
AGE
49
TENURE
11.9 yrs

Reinhold Lunow

TITLE
Member of Supervisory Board
AGE
65
TENURE
4.4 yrs

Peer Steinbrück

TITLE
Member of Supervisory Board
AGE
71
TENURE
8.4 yrs

Ulrich Leitermann

TITLE
Member of Supervisory Board
AGE
59
TENURE
4.4 yrs

Bjørn Gulden

TITLE
Member of Supervisory Board
AGE
53
TENURE
4.4 yrs

Silke Seidel

TITLE
Member of Supervisory Board
AGE
56
TENURE
3.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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 name of SIGNAL IDUNA PARK, including a professional football squad. It also sells merchandise; conducts stadium tours, sports travel, conferences, trips, and various other events; provides arrangements for event staffing services, and hotel and car hire bookings; offers travel services by air, ship, and rail, as well as tour agency services; and markets TV broadcast rights. In addition, the company engages in advertising comprising sponsoring activities. Further, it provides transfer services that include compensation payments for players, as well as conference, catering, Internet, media, hospitality, and other services. Additionally, the company operates a medical rehabilitation center. Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien was founded in 1909 and is based in Dortmund, Germany.

Details
Name: Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien
BVB
Exchange: DB
Founded: 1909
€809,433,680
91,981,100
Website: http://aktie.bvb.de
Address: Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien
Rheinlanddamm 207 – 209,
Dortmund,
North Rhine-Westphalia, 44137,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA BVB Common Stock XETRA Trading Platform DE EUR 31. Oct 2000
OTCPK BORU.F Common Stock Pink Sheets LLC US USD 31. Oct 2000
DB BVB Common Stock Deutsche Boerse AG DE EUR 31. Oct 2000
LSE 0DVE Common Stock London Stock Exchange GB EUR 31. Oct 2000
SWX BVB Common Stock SIX Swiss Exchange CH CHF 31. Oct 2000
WBAG BVB Common Stock Wiener Boerse AG AT EUR 31. Oct 2000
SEP BVB Common Stock The Stock Exchange Prague Co. Ltd. CZ CZK 31. Oct 2000
BATS-CHIXE BVBD Common Stock BATS 'Chi-X Europe' GB EUR 31. Oct 2000
Number of employees
Current staff
Staff numbers
827
Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 20:45
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/03/14
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.