DB:BVB

Stock Analysis Report

Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien

Executive Summary

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


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BVB's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.4%

BVB

-5.3%

DE Entertainment

-0.6%

DE Market


1 Year Return

-32.8%

BVB

-14.8%

DE Entertainment

-20.9%

DE Market

Return vs Industry: BVB underperformed the German Entertainment industry which returned -13.2% over the past year.

Return vs Market: BVB underperformed the German Market which returned -20.6% over the past year.


Shareholder returns

BVBIndustryMarket
7 Day6.4%-5.3%-0.6%
30 Day-28.0%-20.7%-20.0%
90 Day-35.0%-31.2%-26.3%
1 Year-32.3%-32.8%-13.7%-14.8%-18.6%-20.9%
3 Year2.1%-0.3%-7.3%-11.7%-19.0%-25.8%
5 Year63.9%56.4%27.3%17.6%-21.1%-31.8%

Price Volatility Vs. Market

How volatile is Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

192.28x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BVB (€5.64) is trading above our estimate of fair value (€5.1)

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


Price To Earnings Ratio

PE vs Industry: BVB is poor value based on its PE Ratio (192.3x) compared to the Entertainment industry average (27.8x).

PE vs Market: BVB is poor value based on its PE Ratio (192.3x) compared to the German market (16.6x).


Price to Earnings Growth Ratio

PEG Ratio: BVB is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: BVB is overvalued based on its PB Ratio (1.5x) compared to the DE Entertainment industry average (1.1x).


Next Steps

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?

77.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BVB's forecast earnings growth (77.9% per year) is above the savings rate (-0.4%).

Earnings vs Market: BVB's earnings (77.9% per year) are forecast to grow faster than the German market (14.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BVB's revenue (8.8% per year) is forecast to grow faster than the German market (4% per year).

High Growth Revenue: BVB's revenue (8.8% 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 (7.5%).


Next Steps

Past Performance

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

8.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BVB has a large one-off loss of €13.8M impacting its December 31 2019 financial results.

Growing Profit Margin: BVB's current net profit margins (0.5%) are lower than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: BVB's earnings have grown by 8.1% per year over the past 5 years.

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

Earnings vs Industry: BVB had negative earnings growth (-72.6%) over the past year, making it difficult to compare to the Entertainment industry average (-50.4%).


Return on Equity

High ROE: BVB's Return on Equity (0.8%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: BVB's short term assets (€93.0M) do not cover its short term liabilities (€160.9M).

Long Term Liabilities: BVB's short term assets (€93.0M) exceed its long term liabilities (€27.0M).


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%.

Debt Coverage: BVB has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BVB has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: BVB has a high level of physical assets or inventory.

Debt Coverage by Assets: BVB's debt is not covered by short term assets (assets are -5.2362789917482E+16x debt).


Next Steps

Dividend

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

1.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BVB's dividend (1.08%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.69%).

High Dividend: BVB's dividend (1.08%) is low compared to the top 25% of dividend payers in the German market (4.85%).


Stability and Growth of Payments

Stable Dividend: BVB has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BVB has only been paying a dividend for 8 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (208.2%), BVB's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BVB's dividends in 3 years are forecast to be thoroughly covered by earnings (12.2% payout ratio).


Next Steps

Management

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

5.4yrs

Average board tenure


CEO

Hans-Joachim Watzke (60yo)

no data

Tenure

€2,658,000

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 ($USD2.87M) is above average for companies of similar size in the German market ($USD1.09M).

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


Board Members

NamePositionTenureCompensationOwnership
Ulrich Leitermann
Member of Supervisory Board5.42yrs€12.00kno data
Gerd Pieper
Chairman of Supervisory Board15.42yrs€24.00kno data
Peer Steinbrück
Member of Supervisory Board9.42yrs€12.00kno data
Bernd Geske
Member of Supervisory Board14.42yrs€12.00k9.33% 47.6m
Christian Kullmann
Deputy Chairman of the Supervisory Board0.67yr€12.00kno data
Reinhold Lunow
Member of Supervisory Board5.42yrs€12.00kno data
Bjørn Gulden
Member of Supervisory Board5.42yrs€12.00kno data
Silke Seidel
Member of Supervisory Board4.42yrs€12.00kno data
Bodo Löttgen
Member of Supervisory Board0.42yrno datano data

5.4yrs

Average Tenure

58.5yo

Average Age

Experienced Board: BVB's board of directors are considered experienced (5.4 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

Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien
  • Ticker: BVB
  • Exchange: DB
  • Founded: 1909
  • Industry: Movies and Entertainment
  • Sector: Media
  • Market Cap: €509.575m
  • Shares outstanding: 91.98m
  • Website: https://aktie.bvb.de

Number of Employees


Location

  • Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien
  • Rheinlanddamm 207 – 209
  • Dortmund
  • North Rhine-Westphalia
  • 44137
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BVBDB (Deutsche Boerse AG)YesCommon StockDEEUROct 2000
BVBXTRA (XETRA Trading Platform)YesCommon StockDEEUROct 2000
0DVELSE (London Stock Exchange)YesCommon StockGBEUROct 2000
BORU.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2000
BVBWBAG (Wiener Boerse AG)YesCommon StockATEUROct 2000
BVBDBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEUROct 2000
BVBSWX (SIX Swiss Exchange)YesCommon StockCHCHFOct 2000
BVBETLX (Eurotlx)YesCommon StockITEUROct 2000
BVBSEP (The Stock Exchange Prague Co. Ltd.)YesCommon StockCZCZKOct 2000

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/03 21:06
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.