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B+S Banksysteme

DB:DTD2
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DTD2
DB
€15M
Market Cap
  1. Home
  2. DE
  3. Software
Company description

B+S Banksysteme Aktiengesellschaft develops and markets software solutions for banks and financial management. The last earnings update was 152 days ago. More info.


Add to Portfolio Compare Print
  • B+S Banksysteme has significant price volatility in the past 3 months.
DTD2 Share Price and Events
7 Day Returns
-3.4%
DB:DTD2
-1.9%
DE Software
-0.3%
DE Market
1 Year Returns
-52.6%
DB:DTD2
14.8%
DE Software
-6.7%
DE Market
DTD2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
B+S Banksysteme (DTD2) -3.4% 3.7% -31.9% -52.6% 25.8% 105.6%
DE Software -1.9% 6.4% 19.4% 14.8% 70.6% 105.2%
DE Market -0.3% 2.3% -2% -6.7% 11.3% 12.2%
1 Year Return vs Industry and Market
  • DTD2 underperformed the Software industry which returned 14.8% over the past year.
  • DTD2 underperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
DTD2
Industry
5yr Volatility vs Market

Value

 Is B+S Banksysteme 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 B+S Banksysteme 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 B+S Banksysteme.

DB:DTD2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.7%
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:DTD2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.119 (1 + (1- 30%) (32.62%))
1.251
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.251 * 5.96%)
7.68%

Discounted Cash Flow Calculation for DB:DTD2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for B+S Banksysteme 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:DTD2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.68%)
2020 1.48 Analyst x1 1.37
2021 1.65 Analyst x1 1.42
2022 1.78 Est @ 7.68% 1.42
2023 1.87 Est @ 5.44% 1.39
2024 1.95 Est @ 3.88% 1.34
2025 2.00 Est @ 2.78% 1.28
2026 2.04 Est @ 2.02% 1.22
2027 2.07 Est @ 1.48% 1.15
2028 2.09 Est @ 1.1% 1.08
2029 2.11 Est @ 0.84% 1.01
Present value of next 10 years cash flows €12.68
DB:DTD2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €2.11 × (1 + 0.23%) ÷ (7.68% – 0.23%)
€28.38
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €28.38 ÷ (1 + 7.68%)10
€13.54
DB:DTD2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €12.68 + €13.54
€26.22
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €26.22 / 6.21
€4.22
DB:DTD2 Discount to Share Price
Calculation Result
Value per share (EUR) From above. €4.22
Current discount Discount to share price of €2.26
= -1 x (€2.26 - €4.22) / €4.22
46.5%

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

Current Discount
Amount off the current price B+S Banksysteme is available for.
Intrinsic value
46%
Share price is €2.26 vs Future cash flow value of €4.22
Current Discount Checks
For B+S Banksysteme to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • B+S Banksysteme's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • B+S Banksysteme's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 B+S Banksysteme's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are B+S Banksysteme's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DTD2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.08
DB:DTD2 Share Price ** DB (2019-07-17) in EUR €2.26
Germany Software Industry PE Ratio Median Figure of 18 Publicly-Listed Software Companies 33.65x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 20.05x

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

** Primary Listing of B+S Banksysteme.

DB:DTD2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:DTD2 Share Price ÷ EPS (both in EUR)

= 2.26 ÷ 0.08

29.88x

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

  • B+S Banksysteme is good value based on earnings compared to the DE Software industry average.
  • B+S Banksysteme is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does B+S Banksysteme's expected growth come at a high price?
Raw Data
DB:DTD2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
37.1%per year
Germany Software Industry PEG Ratio Median Figure of 13 Publicly-Listed Software Companies 2.18x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

DB:DTD2 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 29.88x ÷ 37.1%

0.81x

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

  • B+S Banksysteme is good value based on expected growth next year.
Price based on value of assets
What value do investors place on B+S Banksysteme's assets?
Raw Data
DB:DTD2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €2.20
DB:DTD2 Share Price * DB (2019-07-17) in EUR €2.26
Germany Software Industry PB Ratio Median Figure of 32 Publicly-Listed Software Companies 3.04x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:DTD2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:DTD2 Share Price ÷ Book Value per Share (both in EUR)

= 2.26 ÷ 2.20

1.03x

* Primary Listing of B+S Banksysteme.

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

  • B+S Banksysteme is good value based on assets compared to the DE Software industry average.
X
Value checks
We assess B+S Banksysteme'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. B+S Banksysteme has a total score of 5/6, 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 B+S Banksysteme expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
37.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is B+S Banksysteme expected to grow at an attractive rate?
  • B+S Banksysteme's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • B+S Banksysteme's earnings growth is expected to exceed the Germany market average.
  • B+S Banksysteme's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DTD2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:DTD2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 37.1%
DB:DTD2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.6%
Germany Software Industry Earnings Growth Rate Market Cap Weighted Average 19.7%
Germany Software Industry Revenue Growth Rate Market Cap Weighted Average 7.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:DTD2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:DTD2 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-06-30 11 1
2023-06-30 11 1
2022-06-30 10 1
2021-06-30 10 2 1 1
2020-06-30 9 2 1 1
2019-06-30 9 2 1 1
DB:DTD2 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 9 1 0
2018-09-30 10 2 1
2018-06-30 10 4 1
2018-03-31 10 4 2
2017-12-31 11 4 2
2017-09-30 11 4 2
2017-06-30 10 3 2
2017-03-31 10 2 1
2016-12-31 9 2 1
2016-09-30 8 2 1
2016-06-30 8 1 1
2016-03-31 8 1 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • B+S Banksysteme's earnings are expected to grow significantly at over 20% yearly.
  • B+S Banksysteme's revenue is expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
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:DTD2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from B+S Banksysteme Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DTD2 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-06-30
2023-06-30
2022-06-30
2021-06-30 0.20 0.20 0.20 1.00
2020-06-30 0.18 0.18 0.18 1.00
2019-06-30 0.10 0.10 0.10 1.00
DB:DTD2 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.08
2018-09-30 0.12
2018-06-30 0.17
2018-03-31 0.25
2017-12-31 0.33
2017-09-30 0.30
2017-06-30 0.27
2017-03-31 0.21
2016-12-31 0.15
2016-09-30 0.12
2016-06-30 0.09
2016-03-31 0.11

*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.
  • B+S Banksysteme is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess B+S Banksysteme'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.
B+S Banksysteme 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 B+S Banksysteme 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 B+S Banksysteme's growth in the last year to its industry (Software).
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.
  • B+S Banksysteme has delivered over 20% year on year earnings growth in the past 5 years.
  • B+S Banksysteme's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • B+S Banksysteme's 1-year earnings growth is negative, it can't be compared to the DE Software industry average.
Earnings and Revenue History
B+S Banksysteme'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 B+S Banksysteme Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DTD2 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 9.38 0.48 0.56
2018-09-30 9.61 0.77 0.56
2018-06-30 9.83 1.07 0.56
2018-03-31 10.41 1.55 0.54
2017-12-31 10.98 2.03 0.51
2017-09-30 10.61 1.85 0.51
2017-06-30 10.24 1.67 0.51
2017-03-31 9.51 1.32 0.36
2016-12-31 8.78 0.98 0.21
2016-09-30 8.49 0.78 0.21
2016-06-30 8.21 0.59 0.21
2016-03-31 7.97 0.66 0.24
2015-12-31 7.74 0.74 0.26
2015-09-30 7.78 0.79 0.26
2015-06-30 7.81 0.85 0.26
2015-03-31 7.47 0.59 0.29
2014-12-31 7.13 0.34 0.31
2014-09-30 7.16 0.35 0.31
2014-06-30 7.19 0.35 0.31
2014-03-31 7.46 0.56 0.34
2013-12-31 7.73 0.77 0.37
2013-09-30 7.86 0.70 0.37
2013-06-30 7.99 0.62 0.37
2013-03-31 8.20 0.50 0.40
2012-12-31 8.42 0.51 0.42
2012-09-30 8.21 0.30 0.42

*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.
  • B+S Banksysteme has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • B+S Banksysteme used its assets less efficiently than the DE Software industry average last year based on Return on Assets.
  • B+S Banksysteme's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess B+S Banksysteme'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 Software 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.
B+S Banksysteme has a total score of 1/6, 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 B+S Banksysteme'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 B+S Banksysteme's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • B+S Banksysteme is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • B+S Banksysteme's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of B+S Banksysteme'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.5x 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 B+S Banksysteme Company Filings, last reported 6 months ago.

DB:DTD2 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 13.69 0.00 1.26
2018-09-30 13.69 0.00 1.26
2018-06-30 13.25 0.00 3.76
2018-03-31 13.25 0.00 3.76
2017-12-31 13.25 0.00 2.06
2017-09-30 13.25 0.00 2.06
2017-06-30 12.22 0.00 1.32
2017-03-31 12.22 0.00 1.32
2016-12-31 11.22 1.75 0.41
2016-09-30 11.22 1.75 0.41
2016-06-30 10.55 2.01 1.20
2016-03-31 10.55 2.01 1.20
2015-12-31 10.29 2.90 0.73
2015-09-30 10.29 2.90 0.73
2015-06-30 10.01 2.51 0.93
2015-03-31 10.01 2.51 0.93
2014-12-31 8.20 9.19 0.69
2014-09-30 8.20 9.19 0.69
2014-06-30 7.86 9.13 1.73
2014-03-31 7.86 9.13 1.73
2013-12-31 6.65 9.18 0.28
2013-09-30 6.65 9.18 0.28
2013-06-30 7.37 8.97 1.55
2013-03-31 6.30 8.97 1.55
2012-12-31 6.02 9.41 0.36
2012-09-30 6.02 9.41 0.36
  • B+S Banksysteme's level of debt (36.7%) 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 (231.4% vs 36.7% today).
  • Debt is not well covered by operating cash flow (11.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.3x coverage).
X
Financial health checks
We assess B+S Banksysteme'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. B+S Banksysteme 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 B+S Banksysteme'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%
Current annual income from B+S Banksysteme dividends. Estimated to be 0% next year.
If you bought €2,000 of B+S Banksysteme shares you are expected to receive €0 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?
  • Unable to evaluate B+S Banksysteme's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate B+S Banksysteme's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:DTD2 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 1 Analyst Estimates (S&P Global) See Below
Germany Software Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:DTD2 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-06-30
2023-06-30
2022-06-30
2021-06-30 0.00 1.00
2020-06-30 0.00 1.00
2019-06-30 0.00 1.00

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

  • Unable to perform a dividend volatility check as B+S Banksysteme has not reported any payouts.
  • Unable to verify if B+S Banksysteme's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of B+S Banksysteme's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as B+S Banksysteme has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of B+S Banksysteme's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess B+S Banksysteme'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 B+S Banksysteme afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. B+S Banksysteme 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 B+S Banksysteme'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.
  • B+S Banksysteme has no CEO, or we have no data on them.
Management Team

Wilhelm Berger

TITLE
Head of Finances
COMPENSATION
€114K
AGE
69

Peter Bauch

TITLE
Head of Professional Services
COMPENSATION
€71K
AGE
48
TENURE
12.3 yrs
Board of Directors

Herbert Kofler

TITLE
Chairman of Supervisory Board
COMPENSATION
€20K
AGE
70

Johann Bertl

TITLE
Vice Chairman of Supervisory Board
COMPENSATION
€10K
AGE
68

Werner Steinwender

TITLE
Member of Supervisory Board
COMPENSATION
€10K
AGE
74
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess B+S Banksysteme'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. B+S Banksysteme 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

The B+S Banksysteme (FRA:DTD2) Share Price Has Gained 98% And Shareholders Are Hoping For More

The last three months have been tough on B+S Banksysteme Aktiengesellschaft (FRA:DTD2) shareholders, who have seen the share price decline a rather worrying 33%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, B+S Banksysteme actually saw its EPS drop 9.1% per year.

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If You Had Bought B+S Banksysteme (FRA:DTD2) Shares Five Years Ago You'd Have Made 98%

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … B+S Banksysteme's earnings per share are down 9.1% per year, despite strong share price performance over five years. … However, it could simply be that the share price has been impacted by broader market jitters.

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Does B+S Banksysteme Aktiengesellschaft (FRA:DTD2) Have A Volatile Share Price?

If you're interested in B+S Banksysteme Aktiengesellschaft (FRA:DTD2), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … View our latest analysis for B+S Banksysteme What we can learn from DTD2's beta value Given that it has a beta of 1.3, we can surmise that the B+S Banksysteme share price has been fairly sensitive to market volatility (over the last 5 years).

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Is There Now An Opportunity In B+S Banksysteme Aktiengesellschaft (FRA:DTD2)?

Great news for investors – B+S Banksysteme is still trading at a fairly cheap price. … However, given that B+S Banksysteme’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations.

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How Do B+S Banksysteme Aktiengesellschaft’s (FRA:DTD2) Returns Compare To Its Industry?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

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What Kind Of Shareholder Appears On The B+S Banksysteme Aktiengesellschaft's (FRA:DTD2) Shareholder Register?

B+S Banksysteme is a smaller company with a market capitalization of €21m, so it may still be flying under the radar of many institutional investors. … Our analysis of the ownership of the company, below, shows that. … Let's take a closer look to see what the different types of shareholder can tell us about DTD2

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A Closer Look At B+S Banksysteme Aktiengesellschaft's (FRA:DTD2) Uninspiring ROE

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every €1 worth of shareholders' equity, it generated €0.035 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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B+S Banksysteme (FRA:DTD2) Shareholders Have Enjoyed An Impressive 201% Share Price Gain

While B+S Banksysteme made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. … As a general rule, if the market is looking past earnings to focus on revenue, there is a hope for, or expectation of, strong growth. … That's a fairly respectable growth rate.

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Do You Like B+S Banksysteme Aktiengesellschaft (FRA:DTD2) At This P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … B+S Banksysteme has a price to earnings ratio of 20.47, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

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Should You Investigate B+S Banksysteme Aktiengesellschaft (FRA:DTD2) At €3.71?

B+S Banksysteme Aktiengesellschaft (FRA:DTD2), which is in the software business, and is based in Germany,. … As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Let’s take a look at B+S Banksysteme’s outlook and value based on the most recent financial data to see if the opportunity still exists

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Company Info

Description

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.

Details
Name: B+S Banksysteme Aktiengesellschaft
DTD2
Exchange: DB
Founded: 1982
€15,400,633
6,209,933
Website: http://www.bs-ag.com
Address: B+S Banksysteme Aktiengesellschaft
Elsenheimerstrasse 45,
Munich,
Bavaria, 80687,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB DTD2 Ordinary Shares Deutsche Boerse AG DE EUR 09. Nov 1998
XTRA DTD2 Ordinary Shares XETRA Trading Platform DE EUR 09. Nov 1998
LSE 0NVU Ordinary Shares London Stock Exchange GB EUR 09. Nov 1998
Number of employees
Current staff
Staff numbers
82
B+S Banksysteme employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 20:47
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/05/22
Last earnings filing: 2019/02/15
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.