DB:DTD2

Stock Analysis Report

Executive Summary

B+S Banksysteme Aktiengesellschaft develops and markets software solutions for banks and financial management.

Snowflake

Fundamentals

Adequate balance sheet with moderate growth potential.

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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.2%

DTD2

2.6%

DE Software

0.8%

DE Market


1 Year Return

-46.4%

DTD2

33.1%

DE Software

9.0%

DE Market

Return vs Industry: DTD2 underperformed the German Software industry which returned 33.1% over the past year.

Return vs Market: DTD2 underperformed the German Market which returned 9% over the past year.


Shareholder returns

DTD2IndustryMarket
7 Day-8.2%2.6%0.8%
30 Day-10.6%7.2%6.3%
90 Day-10.6%16.8%14.4%
1 Year-46.4%-46.4%34.9%33.1%12.4%9.0%
3 Year-22.3%-22.3%72.2%65.3%25.6%14.5%
5 Year51.9%51.9%149.3%131.5%41.0%21.8%

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

Valuation

Is B+S Banksysteme undervalued compared to its fair value and its price relative to the market?

22.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DTD2 (€2.02) is trading below our estimate of fair value (€2.6)

Significantly Below Fair Value: DTD2 is trading below fair value, but not by a significant amount.


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?

89.6%

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 (0.2%).

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 (4% per year) is forecast to grow slower than the German market (4.9% per year).

High Growth Revenue: DTD2's revenue (4% 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 (8.1%).


Next Steps

Past Performance

How has B+S Banksysteme performed over the past 5 years?

5.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DTD2 has high quality earnings.

Growing Profit Margin: DTD2's current net profit margins (-3.7%) are lower than last year (10.9%).


Past Earnings Growth Analysis

Earnings Trend: DTD2 is unprofitable, but has reduced losses over the past 5 years at a rate of 5.8% 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 (14.8%).


Return on Equity

High ROE: DTD2 has a negative Return on Equity (-2.59%), 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 (€3.3M) do not cover its short term liabilities (€4.9M)

Long Term Liabilities: DTD2's short term assets (3.3M) do not cover its long term liabilities (5.5M)


Debt to Equity History and Analysis

Debt Level: DTD2 is debt free.

Reducing Debt: DTD2 has no debt compared to 5 years ago when its debt to equity ratio was 116.2%.

Debt Coverage: DTD2 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: DTD2 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: DTD2 has a low level of unsold assets or inventory.

Debt Coverage by Assets: DTD2's debt is not covered by short term assets (assets are -3.7323581911833E+15x debt).


Next Steps

Dividend

What is B+S Banksysteme's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.6%industryaverage1.2%forecastin3Years0%

Current dividend yield vs market & industry

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

What is the CEO of B+S Banksysteme's salary, the management and board of directors tenure and is there insider trading?


CEO

B+S Banksysteme has no CEO, or we have no data on them.


Insider Trading

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.


Management Team

  • Peter Bauch (48yo)

    Head of Professional Services

    • Tenure: 12.7yrs
    • Compensation: €71.00k
  • Wilhelm Berger (69yo)

    Head of Finances

    • Tenure: 0yrs
    • Compensation: €114.00k

Board Members

  • Herbert Kofler (70yo)

    Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €20.00k
  • Johann Bertl (68yo)

    Vice Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €10.00k
  • Werner Steinwender (74yo)

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €10.00k

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: €13.538m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DTD2DB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1998
DTD2XTRA (XETRA Trading Platform)YesOrdinary SharesDEEURNov 1998
0NVULSE (London Stock Exchange)YesOrdinary SharesGBEURNov 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, r ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/12 20:48
End of Day Share Price2019/11/12 00:00
Earnings2019/06/30
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.