Executive Summary
B+S Banksysteme Aktiengesellschaft develops and markets software solutions for banks and financial management.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with mediocre balance sheet.
Share Price & News
How has B+S Banksysteme's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DTD2 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-10.6%
DTD2
-0.8%
DE Software
-0.9%
DE Market
1 Year Return
-32.2%
DTD2
33.2%
DE Software
12.8%
DE Market
Return vs Industry: DTD2 underperformed the German Software industry which returned 33.2% over the past year.
Return vs Market: DTD2 underperformed the German Market which returned 12.8% over the past year.
Shareholder returns
| DTD2 | Industry | Market | |
|---|---|---|---|
| 7 Day | -10.6% | -0.8% | -0.9% |
| 30 Day | -13.9% | 2.3% | 0.6% |
| 90 Day | 22.3% | 4.1% | 2.9% |
| 1 Year | -32.2%-32.2% | 35.0%33.2% | 16.3%12.8% |
| 3 Year | -27.4%-27.4% | 55.2%49.0% | 15.8%5.7% |
| 5 Year | 74.6%74.6% | 124.2%108.3% | 19.7%3.3% |
Price Volatility Vs. Market
How volatile is B+S Banksysteme's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 months ago | Simply Wall St
Here’s why B+S Banksysteme Aktiengesellschaft’s (FRA:DTD2) Returns On Capital Matters So Much7 months ago | Simply Wall St
What Kind Of Shareholder Owns Most B+S Banksysteme Aktiengesellschaft (FRA:DTD2) Stock?7 months ago | Simply Wall St
B+S Banksysteme (FRA:DTD2) Takes On Some Risk With Its Use Of DebtValuation
Is B+S Banksysteme undervalued compared to its fair value and its price relative to the market?
1.09x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: DTD2 (€2.36) is trading above our estimate of fair value (€1.66)
Significantly Below Fair Value: DTD2 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DTD2 is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: DTD2 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 DTD2's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DTD2 is good value based on its PB Ratio (1.1x) compared to the DE Software industry average (3.2x).
Next Steps
Future Growth
How is B+S Banksysteme forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
61.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DTD2 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).
Earnings vs Market: DTD2 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: DTD2's is expected to become profitable in the next 3 years.
Revenue vs Market: DTD2's revenue (7.2% per year) is forecast to grow faster than the German market (5.2% per year).
High Growth Revenue: DTD2's revenue (7.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DTD2's Return on Equity is forecast to be low in 3 years time (5.4%).
Next Steps
Past Performance
How has B+S Banksysteme performed over the past 5 years?
-16.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DTD2 is currently unprofitable.
Growing Profit Margin: DTD2 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: DTD2 is unprofitable, and losses have increased over the past 5 years at a rate of -16.2% per year.
Accelerating Growth: Unable to compare DTD2's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: DTD2 is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (14.6%).
Return on Equity
High ROE: DTD2 has a negative Return on Equity (-4.47%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is B+S Banksysteme's financial position?
Financial Position Analysis
Short Term Liabilities: DTD2's short term assets (€7.0M) do not cover its short term liabilities (€9.0M).
Long Term Liabilities: DTD2's short term assets (€7.0M) do not cover its long term liabilities (€8.7M).
Debt to Equity History and Analysis
Debt Level: DTD2's debt to equity ratio (11.1%) is considered satisfactory.
Reducing Debt: DTD2's debt to equity ratio has reduced from 110.8% to 11.1% over the past 5 years.
Balance Sheet
Inventory Level: DTD2 has a low level of unsold assets or inventory.
Debt Coverage by Assets: DTD2's debt is covered by short term assets (assets are 4.7x debt).
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: DTD2 has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: DTD2 has been profitable on average in the past, therefore cash runway is not a concern.
Next Steps
Dividend
What is B+S Banksysteme's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate DTD2's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate DTD2's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if DTD2's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if DTD2's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DTD2'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?
CEO
B+S Banksysteme has no CEO, or we have no data on them.
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
B+S Banksysteme Aktiengesellschaft's company bio, employee growth, exchange listings and data sources
Key Information
- Name: B+S Banksysteme Aktiengesellschaft
- Ticker: DTD2
- Exchange: DB
- Founded: 1982
- Industry: Application Software
- Sector: Software
- Market Cap: €14.655m
- Shares outstanding: 6.21m
- Website: https://www.bs-ag.com
Number of Employees
Location
- B+S Banksysteme Aktiengesellschaft
- Elsenheimerstrasse 45
- Munich
- Bavaria
- 80687
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DTD2 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Nov 1998 |
| DTD2 | XTRA (XETRA Trading Platform) | Yes | Ordinary Shares | DE | EUR | Nov 1998 |
| 0NVU | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Nov 1998 |
Biography
B+S Banksysteme Aktiengesellschaft develops and markets software solutions for banks and financial management. It offers software solutions in the areas of payments, electronic banking, treasury/trading, risk management, and account and foreign currency management. The company also provides professional services, such as analysis and consulting, concept and design, software development, IT architecture, project management, implementation/integration, quality management, interfaces, and GUI design. In addition, it offers outsourcing, hosting, and ASP services, as well as service, maintenance, implementation, training and interface realization, and intensive support services. The company primarily serves private banks, savings banks, Geno banks, and Landesbanken, as well as data centers, industrial customers, banking vendors, and service providers. B+S Banksysteme Aktiengesellschaft was founded in 1982 and is headquartered in Munich, Germany.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/22 21:15 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/06/30 |
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.