DB:DTD2

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Mediocre 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

-0.5%

DTD2

6.6%

DE Software

2.6%

DE Market


1 Year Return

-18.4%

DTD2

5.7%

DE Software

0.5%

DE Market

Return vs Industry: DTD2 underperformed the German Software industry which returned 5.7% over the past year.

Return vs Market: DTD2 underperformed the German Market which returned 0.5% over the past year.


Shareholder returns

DTD2IndustryMarket
7 Day-0.5%6.6%2.6%
30 Day6.9%5.8%7.6%
90 Day-9.7%4.9%-1.7%
1 Year-18.4%-18.4%7.2%5.7%2.2%0.5%
3 Year-60.8%-60.8%27.7%22.6%-4.8%-12.1%
5 Year26.8%26.8%93.5%80.1%7.8%-6.0%

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?

0.87x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: DTD2 (€1.86) is trading above our estimate of fair value (€1.68)

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 (0.9x) 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?

112.0%

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 (5.4% per year) is forecast to grow slower than the German market (5.7% per year).

High Growth Revenue: DTD2's revenue (5.4% 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 (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 (30.4%).


Return on Equity

High ROE: DTD2 has a negative Return on Equity (-4.47%), as it is currently unprofitable.


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.

Debt Coverage: DTD2's debt is well covered by operating cash flow (117.5%).

Interest Coverage: Insufficient data to determine if DTD2's interest payments on its debt are well covered by EBIT.


Balance Sheet


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 recent payouts.

High Dividend: Unable to evaluate DTD2's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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: €11.799m
  • 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, 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/03 09:24
End of Day Share Price2020/06/02 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.