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 and slightly overvalued.

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


Market Performance


7 Day Return

-1.7%

DTD2

9.2%

DE Software

2.8%

DE Market


1 Year Return

-40.2%

DTD2

16.7%

DE Software

2.9%

DE Market

Return vs Industry: DTD2 underperformed the German Software industry which returned 16.7% over the past year.

Return vs Market: DTD2 underperformed the German Market which returned 2.9% over the past year.


Share holder returns

DTD2IndustryMarket
7 Day-1.7%9.2%2.8%
30 Day1.8%6.7%-0.2%
90 Day-5.8%-5.1%0.9%
1 Year-40.2%-40.2%18.4%16.7%6.2%2.9%
3 Year-19.0%-19.0%54.6%48.4%18.2%8.0%
5 Year81.4%81.4%136.3%119.5%43.1%23.6%

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 based on future cash flows and its price relative to the stock market?

22%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: DTD2 (€2.26) is trading below our estimate of fair value (€2.88)

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


Price Based on Earnings

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 Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate DTD2's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: DTD2 is good value based on its PB Ratio (1.1x) compared to the DE Software industry average (3x).


Next Steps

Future Growth

How is B+S Banksysteme expected 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 Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: DTD2 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: DTD2 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: DTD2 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: DTD2's revenue (4% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: DTD2's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High 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


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 (14.5%).


Return on Equity

High ROE: DTD2 has a negative Return on Equity (-2.59%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: DTD2 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: DTD2 is currently unprofitable, so its Return on Capital Employed is negative.


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%1.5%markettop25%3.9%industryaverage1.2%forecastin3Years0%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

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.

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


Management Team

  • Peter Bauch (48yo)

    Head of Professional Services

    • Tenure: 12.6yrs
    • 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: €13.786m
  • 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 Analysis2019/10/13 21:15
End of Day Share Price2019/10/11 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.

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