Deutsche Post
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Deutsche Post AG operates as a mail and logistics company in Germany, rest of Europe, the Americas, the Asia Pacific, the Middle East, and Africa. The last earnings update was 63 days ago. More info.
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DPW Share Price and Events
7 Day Returns
1 Year Returns
DPW Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Deutsche Post (DPW) | -0.3% | 4.8% | -5.6% | 1% | 13.2% | 15.7% |
| Europe Logistics | 0.8% | 4.7% | -6.2% | -2% | 4.6% | -0.3% |
| DE Market | -0.6% | 1.8% | -3.2% | -8.3% | 8.9% | 10.6% |
1 Year Return vs Industry and Market
- DPW outperformed the Logistics industry which returned -2% over the past year.
- DPW outperformed the Market in Germany which returned -8.3% over the past year.
Value
Is Deutsche Post 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
Deutsche Post
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Deutsche Post.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 20 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year DE Govt Bond Rate | 0.2% |
| Equity Risk Premium | S&P Global | 6% |
| Logistics Unlevered Beta | Simply Wall St/ S&P Global | 1.01 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.012 (1 + (1- 30%) (45.97%)) |
1.226 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.23 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.226 * 5.96%) |
7.53% |
Discounted Cash Flow Calculation for XTRA:DPW using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Deutsche Post 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.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 7.53%) |
|
|---|---|---|---|
| 2020 | 1,913.11 | Analyst x13 | 1,779.07 |
| 2021 | 2,079.54 | Analyst x12 | 1,798.35 |
| 2022 | 2,301.67 | Analyst x3 | 1,850.98 |
| 2023 | 2,649.00 | Analyst x2 | 1,981.05 |
| 2024 | 2,852.46 | Est @ 7.68% | 1,983.75 |
| 2025 | 3,007.78 | Est @ 5.44% | 1,945.21 |
| 2026 | 3,124.47 | Est @ 3.88% | 1,879.10 |
| 2027 | 3,211.47 | Est @ 2.78% | 1,796.10 |
| 2028 | 3,276.26 | Est @ 2.02% | 1,703.95 |
| 2029 | 3,324.76 | Est @ 1.48% | 1,608.03 |
| Present value of next 10 years cash flows | €18,325.59 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= €3,324.76 × (1 + 0.23%) ÷ (7.53% – 0.23%) |
€45,609.71 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €45,609.71 ÷ (1 + 7.53%)10 |
€22,059.23 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €18,325.59 + €22,059.23 |
€40,384.82 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €40,384.82 / 1,232.50 |
€32.77 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €32.77 |
| Current discount | Discount to share price of
€29.36
= -1 x (€29.36 - €32.77) / €32.77 |
10.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Deutsche Post's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Deutsche Post's share price is below the future cash flow value, but not 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 Deutsche Post's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Deutsche Post's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in EUR | €1.80 |
| XTRA:DPW Share Price ** | XTRA (2019-07-18) in EUR | €29.36 |
| Europe Logistics Industry PE Ratio | Median Figure of 18 Publicly-Listed Logistics Companies | 16.54x |
| Germany Market PE Ratio | Median Figure of 422 Publicly-Listed Companies | 19.71x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Deutsche Post.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = XTRA:DPW Share Price ÷ EPS (both in EUR) = 29.36 ÷ 1.80 |
16.28x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Deutsche Post is good value based on earnings compared to the Europe Logistics industry average.
- Deutsche Post is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does
Deutsche Post's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 16.28x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts |
8.3%per year |
| Europe Logistics Industry PEG Ratio | Median Figure of 14 Publicly-Listed Logistics Companies | 1.59x |
| Germany Market PEG Ratio | Median Figure of 270 Publicly-Listed Companies | 1.45x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 16.28x ÷ 8.3% |
1.97x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Deutsche Post is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Deutsche Post's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in EUR | €11.46 |
| XTRA:DPW Share Price * | XTRA (2019-07-18) in EUR | €29.36 |
| Europe Logistics Industry PB Ratio | Median Figure of 25 Publicly-Listed Logistics Companies | 2.22x |
| Germany Market PB Ratio | Median Figure of 569 Publicly-Listed Companies | 1.75x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = XTRA:DPW Share Price ÷ Book Value per Share (both in EUR) = 29.36 ÷ 11.46 |
2.56x |
* Primary Listing of Deutsche Post.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Deutsche Post is overvalued based on assets compared to the Europe Logistics industry average.
Value checks
We assess Deutsche Post's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Logistics industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Logistics industry average (and greater than 0)? (1 check) Deutsche Post has a total score of 2/6, 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
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!
Earnings growth vs Low Risk Savings
- Deutsche Post's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
- Deutsche Post's earnings growth is positive but not above the Germany market average.
- Deutsche Post's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| XTRA:DPW Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts | 8.3% |
| XTRA:DPW Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 20 Analysts | 3.7% |
| Europe Logistics Industry Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| Europe Logistics Industry Revenue Growth Rate | Market Cap Weighted Average | 2.5% |
| Germany Market Earnings Growth Rate | Market Cap Weighted Average | 12.2% |
| 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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 20 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 74,099 | 8,264 | 3,652 | 4 |
| 2022-12-31 | 72,076 | 7,476 | 3,442 | 6 |
| 2021-12-31 | 68,936 | 6,405 | 3,147 | 14 |
| 2020-12-31 | 66,668 | 6,235 | 3,054 | 20 |
| 2019-12-31 | 64,144 | 5,933 | 2,662 | 20 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 62,375 | 5,680 | 2,221 |
| 2018-12-31 | 61,769 | 5,796 | 2,075 |
| 2018-09-30 | 60,836 | 4,671 | 2,099 |
| 2018-06-30 | 60,626 | 4,204 | 2,594 |
| 2018-03-31 | 60,366 | 3,575 | 2,680 |
| 2017-12-31 | 60,652 | 3,297 | 2,713 |
| 2017-09-30 | 60,302 | 3,695 | 2,717 |
| 2017-06-30 | 59,525 | 3,628 | 2,694 |
| 2017-03-31 | 58,859 | 2,741 | 2,633 |
| 2016-12-31 | 57,804 | 2,439 | 2,639 |
| 2016-09-30 | 57,685 | 2,821 | 2,468 |
| 2016-06-30 | 58,247 | 2,726 | 1,899 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 20 Analyst Estimates (S&P Global) | See Below |
All data from Deutsche Post Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 3.16 | 3.16 | 3.16 | 1.00 |
| 2022-12-31 | 2.81 | 2.90 | 2.67 | 3.00 |
| 2021-12-31 | 2.53 | 2.72 | 1.77 | 14.00 |
| 2020-12-31 | 2.45 | 2.81 | 2.03 | 19.00 |
| 2019-12-31 | 2.14 | 2.24 | 2.01 | 17.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.80 |
| 2018-12-31 | 1.69 |
| 2018-09-30 | 1.72 |
| 2018-06-30 | 2.13 |
| 2018-03-31 | 2.21 |
| 2017-12-31 | 2.24 |
| 2017-09-30 | 2.25 |
| 2017-06-30 | 2.23 |
| 2017-03-31 | 2.19 |
| 2016-12-31 | 2.19 |
| 2016-09-30 | 2.04 |
| 2016-06-30 | 1.57 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Deutsche Post's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Deutsche Post has a total score of 1/6, 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 Deutsche Post 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
Past Earnings growth analysis
- Deutsche Post's year on year earnings growth rate has been positive over the past 5 years.
- Deutsche Post's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Deutsche Post's 1-year earnings growth is negative, it can't be compared to the Europe Logistics industry average.
Earnings and Revenue History
All data from Deutsche Post Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 62,375.00 | 2,221.00 | 506.00 | |
| 2018-12-31 | 61,769.00 | 2,075.00 | 515.00 | |
| 2018-09-30 | 60,836.00 | 2,099.00 | 454.00 | |
| 2018-06-30 | 60,626.00 | 2,594.00 | 454.00 | |
| 2018-03-31 | 60,366.00 | 2,680.00 | 474.00 | |
| 2017-12-31 | 60,652.00 | 2,713.00 | 590.00 | |
| 2017-09-30 | 60,302.00 | 2,717.00 | 422.00 | |
| 2017-06-30 | 59,525.00 | 2,694.00 | 422.00 | |
| 2017-03-31 | 58,859.00 | 2,633.00 | 401.00 | |
| 2016-12-31 | 57,804.00 | 2,639.00 | 385.00 | |
| 2016-09-30 | 57,685.00 | 2,468.00 | 390.00 | |
| 2016-06-30 | 58,247.00 | 1,899.00 | 390.00 | |
| 2016-03-31 | 58,758.00 | 1,684.00 | 406.00 | |
| 2015-12-31 | 59,681.00 | 1,540.00 | 429.00 | |
| 2015-09-30 | 59,726.00 | 1,510.00 | 427.00 | |
| 2015-06-30 | 59,303.00 | 1,929.00 | 427.00 | |
| 2015-03-31 | 58,296.00 | 2,064.00 | 431.00 | |
| 2014-12-31 | 57,085.00 | 2,071.00 | 391.00 | |
| 2014-09-30 | 56,148.00 | 2,203.00 | 381.00 | |
| 2014-06-30 | 55,601.00 | 2,134.00 | 381.00 | |
| 2014-03-31 | 55,562.00 | 2,095.00 | 357.00 | |
| 2013-12-31 | 55,324.00 | 2,091.00 | 341.00 | |
| 2013-09-30 | 55,550.00 | 1,857.00 | 345.00 | |
| 2013-06-30 | 55,935.00 | 1,835.00 | 345.00 | |
| 2013-03-31 | 55,989.00 | 1,609.00 | 355.00 | |
| 2012-12-31 | 55,934.00 | 1,640.00 | 341.00 | |
| 2012-09-30 | 55,511.00 | 1,277.00 | 380.00 |
*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.
- Deutsche Post has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Deutsche Post used its assets more efficiently than the Europe Logistics industry average last year based on Return on Assets.
- Deutsche Post's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Deutsche Post's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Logistics industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Deutsche Post has a total score of 2/6, 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 Deutsche Post'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 Deutsche Post's finances.
The net worth of a company is the difference between its assets and liabilities.
- Deutsche Post is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Deutsche Post's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 2.4x 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.
All data from Deutsche Post Company Filings, last reported 3 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 14,442.00 | 16,631.00 | 3,919.00 |
| 2018-12-31 | 13,873.00 | 6,603.00 | 3,960.00 |
| 2018-09-30 | 12,878.00 | 16,114.00 | 2,378.00 |
| 2018-06-30 | 12,433.00 | 15,728.00 | 2,156.00 |
| 2018-03-31 | 13,164.00 | 15,106.00 | 3,047.00 |
| 2017-12-31 | 12,903.00 | 5,869.00 | 3,711.00 |
| 2017-09-30 | 11,384.00 | 5,270.00 | 1,734.00 |
| 2017-06-30 | 11,530.00 | 5,734.00 | 1,841.00 |
| 2017-03-31 | 12,021.00 | 5,859.00 | 2,827.00 |
| 2016-12-31 | 11,350.00 | 5,826.00 | 3,401.00 |
| 2016-09-30 | 8,466.00 | 6,936.00 | 2,645.00 |
| 2016-06-30 | 9,468.00 | 6,439.00 | 2,643.00 |
| 2016-03-31 | 10,592.00 | 5,151.00 | 2,922.00 |
| 2015-12-31 | 11,295.00 | 5,011.00 | 3,677.00 |
| 2015-09-30 | 10,346.00 | 5,329.00 | 2,268.00 |
| 2015-06-30 | 10,887.00 | 5,278.00 | 1,992.00 |
| 2015-03-31 | 9,404.00 | 5,436.00 | 3,055.00 |
| 2014-12-31 | 9,580.00 | 4,959.00 | 3,261.00 |
| 2014-09-30 | 8,592.00 | 5,260.00 | 2,293.00 |
| 2014-06-30 | 8,946.00 | 5,247.00 | 2,032.00 |
| 2014-03-31 | 10,100.00 | 5,094.00 | 2,935.00 |
| 2013-12-31 | 10,034.00 | 5,741.00 | 4,165.00 |
| 2013-09-30 | 9,477.00 | 4,989.00 | 2,304.00 |
| 2013-06-30 | 9,305.00 | 5,156.00 | 2,108.00 |
| 2013-03-31 | 9,488.00 | 5,154.00 | 2,693.00 |
| 2012-12-31 | 9,228.00 | 4,667.00 | 2,533.00 |
| 2012-09-30 | 11,615.00 | 3,671.00 | 2,488.00 |
- Deutsche Post's level of debt (46.9%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (50.5% vs 46.9% today).
- Debt is well covered by operating cash flow (83.9%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 6.1x coverage).
Financial health checks
We assess Deutsche Post's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Deutsche Post has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 Deutsche Post'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
If you bought
€2,000 of
Deutsche Post
shares you are expected to receive
€78
in your first year as a dividend.
Dividend Amount
- Deutsche Post's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
- Deutsche Post's dividend is above the markets top 25% of dividend payers in Germany (3.85%).
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.
| 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 20 Analyst Estimates (S&P Global) | See Below |
| Europe Logistics Industry Average Dividend Yield | Market Cap Weighted Average of 16 Stocks | 3.8% |
| 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 | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | 1.45 | 2.00 |
| 2021-12-31 | 1.39 | 17.00 |
| 2020-12-31 | 1.30 | 22.00 |
| 2019-12-31 | 1.20 | 21.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-07 | 1.150 | 3.991 |
| 2018-03-07 | 1.150 | 3.885 |
| 2017-03-08 | 1.050 | 2.969 |
| 2016-03-09 | 0.850 | 3.069 |
| 2015-03-10 | 0.850 | 3.285 |
| 2014-06-03 | 0.800 | 3.077 |
| 2013-03-12 | 0.700 | 3.071 |
| 2012-08-02 | 0.700 | 4.348 |
| 2012-03-08 | 0.700 | 5.038 |
| 2012-03-07 | 0.700 | 5.273 |
| 2011-03-10 | 0.650 | 5.511 |
| 2010-03-09 | 0.600 | 4.629 |
| 2010-03-01 | 0.600 | 4.722 |
| 2009-03-02 | 0.600 | 5.587 |
| 2009-01-30 | 0.900 | 9.615 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Deutsche Post's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.6x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
Income/ dividend checks
We assess Deutsche Post's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Deutsche Post afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Deutsche Post has a total score of 6/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | €6,429,588 |
| AGE | 58 |
| TENURE AS CEO | 11.4 years |
CEO Bio
Dr. Frank Appel had been Member of Supervisory Board at adidas AG since May 09, 2018 until 2019. He has been the Chief Executive Officer of Deutsche Post AG since February 2008. Dr. Appel serves as the Chief Executive Officer of Freight Division of DHL Global Forwarding GmbH. Dr. Appel served as the Chief Executive Officer of Logistics of DHL Worldwide Express Inc. He served as Chief Executive Officer of DHL Logistics at DHL Express (USA), Inc. He served as Chief Executive Officer at Deutsche Postbank AG since February 18, 2008. Dr. Appel served as Head of Financial Services at Deutsche Post AG. He served as the Head of Logistics of Mail International division at Deutsche Post AG since 2007. He served as Head of Global Business services and Head of Corporate services of Deutsche Post AG and served as its Managing Director of Corporate Development since 2000. He served as Consultant and Project Manager of McKinsey & Co., since 1993 and served as Partner of Member of German Business Management, McKinsey & Co., since 1999. He serves as Chairman of the Supervisory Board of DHL Global Forwarding GmbH. He has been Chairman of the Board of Management at Deutsche Post AG since February 18, 2008 and has been its Member since November 1, 2002. He served as Member of the Board of Management at Deutsche Post World Net since 2002. He served as the Chairman of Supervisory Board at Deutsche Postbank AG from February 2008 to January 1, 2011 and served as its Member of Supervisory Board until January 1, 2011. He is a Chemist. Dr. Appel holds MSc. Chemistry from University of Munich, Germany in 1989 and PhD in Neurobiology from ETH (Swiss Federal Institute of Technology), Zurich, Switzerland Career development Year Description in 1993. He studied at Technische Universität Munich.
CEO Compensation
- Frank's compensation has been consistent with company performance over the past year, both up more than 20%.
- Frank's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure
Average tenure and age of the Deutsche Post management team in years:
- The tenure for the Deutsche Post management team is about average.
Management Team
Frank Appel
Chairman of Management Board & CEO
€6M
58
11.4 yrs
Melanie Kreis
CFO & Member of Management Board
€3M
48
2.8 yrs
Ken Allen
Member of Management Board
€3M
64
10.4 yrs
John Gilbert
Member of Board of Management
€3M
56
5.3 yrs
Tim Scharwath
Member of Management Board
€2M
54
2.1 yrs
Thomas Ogilvie
Member of Human Resource & Labor Director and Member of Management Board
€2M
43
1.8 yrs
John Pearson
Member of Management Board
56
0.5 yrs
Tobias Meyer
Member of Management Board
44
0.3 yrs
Henrik Hänche
Executive Vice President of Corporate Finance
Martin Ziegenbalg
Head of Investor Relations
Board of Directors Tenure
Average tenure and age of the Deutsche Post board of directors in years:
- The average tenure for the Deutsche Post board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Nikolaus von Bomhard
Chairman of Supervisory Board
€280K
63
1.3 yrs
Andrea Kocsis
Deputy Chair of the Supervisory Board
€271K
12.2 yrs
Stefan Schulte
Member of Supervisory Board
€158K
59
10.3 yrs
Stephan Teuscher
Member of Supervisory Board
€123K
6.8 yrs
Stefanie Weckesser
Member of Supervisory Board
€135K
Roland K. Oetker
Member of Supervisory Board
€159K
70
14.8 yrs
Werner Gatzer
Member of Supervisory Board
€159K
61
13.2 yrs
Rolf Bauermeister
Member of Supervisory Board
€162K
11.4 yrs
Thomas Koczelnik
Member of Supervisory Board
€202K
11.2 yrs
Katja Windt
Member of Supervisory Board
€80K
50
1.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Deutsche Post's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Deutsche Post 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
A Look At The Intrinsic Value Of Deutsche Post AG (ETR:DPW)
Today, we will estimate the stock's intrinsic value by projecting its future cash flows and then discounting them to today's value. … Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (€, Millions) €1.9b €2.1b €2.3b €2.6b €2.9b €3.0b €3.1b €3.2b €3.3b €3.3b Growth Rate Estimate Source Analyst x13 Analyst x12 Analyst x3 Analyst x2 Est @ 7.68% Est @ 5.44% Est @ 3.88% Est @ 2.78% Est @ 2.02% Est @ 1.48% Present Value (€, Millions) Discounted @ 7.56% €1.8k €1.8k €1.8k €2.0k €2.0k €1.9k €1.9k €1.8k €1.7k €1.6k ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= €18.3b After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = €3.3b × (1 + 0.2%) ÷ (7.6% – 0.2%) = €45b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = €€45b ÷ ( 1 + 7.6%)10 = €21.92b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is €40.22b.
Simply Wall St - – Full articleShould Investors Buy Deutsche Post AG (ETR:DPW) And Lock In The 3.9% Dividend Yield?
View our latest analysis for Deutsche Post What Is A Dividend Rock Star? … More specifically: Its annual yield is among the top 25% of dividend payers It has paid dividend every year without dramatically reducing payout in the past Its dividend per share amount has increased over the past It is able to pay the current rate of dividends from its earnings It has the ability to keep paying its dividends going forward High Yield And Dependable Deutsche Post's yield sits at 3.9%, which is high for Logistics stocks. … Next Steps: There aren't many other stocks out there with the same track record as Deutsche Post, so I would certainly recommend further examining the stock if its dividend characteristics appeal to you.
Simply Wall St - – Full articleDid Deutsche Post AG (ETR:DPW) Use Debt To Deliver Its ROE Of 16%?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Deutsche Post: 16% = €2.2b ÷ €14b (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Deutsche Post's Debt And Its 16% ROE Deutsche Post has a debt to equity ratio of 0.47, which is far from excessive.
Simply Wall St - – Full articleWhat Does Deutsche Post AG's (ETR:DPW) Share Price Indicate?
It’s trading around 10% below my intrinsic value, which means if you buy Deutsche Post today, you’d be paying a fair price for it. … Since Deutsche Post’s share price is quite volatile, we could potentially see it sink lower (or rise higher) in the future, giving us another chance to buy. … DPW’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.
Simply Wall St - – Full articleBrief Commentary On Deutsche Post AG's (ETR:DPW) Fundamentals
Adequate balance sheet average dividend payer DPW's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. … XTRA:DPW Historical Debt, June 24th 2019 DPW's high dividend payments make it one of the best dividend stocks on the market, and it has also been able to maintain it at a level in which net income is able to cover dividend payments. … XTRA:DPW Historical Dividend Yield, June 24th 2019 Next Steps: For Deutsche Post, I've compiled three essential factors you should further research: Future Outlook: What are well-informed industry analysts predicting for DPW’s future growth?
Simply Wall St - – Full articleDeutsche Post AG (ETR:DPW): Should The Recent Earnings Drop Worry You?
View our latest analysis for Deutsche Post Commentary On DPW's Past Performance DPW's trailing twelve-month earnings (from 31 March 2019) of €2.2b has declined by -17% compared to the previous year. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 5.2%, indicating the rate at which DPW is growing has slowed down. … I recommend you continue to research Deutsche Post to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for DPW’s future growth?
Simply Wall St - – Full articleIs Deutsche Post AG (ETR:DPW) A Financially Sound Company?
Today we will look at Deutsche Post’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … With this growth in debt, DPW's cash and short-term investments stands at €3.9b , ready to be used for running the business. … Additionally, DPW has generated cash from operations of €5.7b in the last twelve months, leading to an operating cash to total debt ratio of 34%, signalling that DPW’s operating cash is sufficient to cover its debt.
Simply Wall St - – Full articleHow Much Did Deutsche Post AG's (ETR:DPW) CEO Pocket Last Year?
We looked at a group of companies with market capitalizations over €7.1b and the median CEO total compensation was €4.3m. … Thus we can conclude that Frank Appel receives more in total compensation than the median of a group of large companies in the same market as Deutsche Post AG. … With a total shareholder return of 18% over three years, Deutsche Post AG shareholders would, in general, be reasonably content.
Simply Wall St - – Full articleWhat Are Analysts Saying About The Future Of Deutsche Post AG's (ETR:DPW)?
Help shape the future of investing tools and you could win a $250 gift card! … Since Deutsche Post AG (ETR:DPW) released its earnings in December 2018, … with earnings expected to grow by 33% in the upcoming year
Simply Wall St - – Full articleHere's What We Think About Deutsche Post AG's (ETR:DPW) CEO Pay
This analysis aims first to contrast CEO compensation with other large companies. … How Does Frank Appel's Compensation Compare With Similar Sized Companies. … Our data indicates that Deutsche Post AG is worth €38b, and total annual CEO compensation is €6.4m.
Simply Wall St - – Full articleCompany Info
Description
Deutsche Post AG operates as a mail and logistics company in Germany, rest of Europe, the Americas, the Asia Pacific, the Middle East, and Africa. It operates through four divisions: Post-eCommerce-Parcel (PeP); Express; Supply Chain; and Global Forwarding, Freight. The PeP division offers dialogue marketing, press distribution, and electronic services associated with mail delivery, as well as parcel and e-commerce services. The Express division provides courier and express services to business and private customers. The Supply Chain division offers supply chain solutions, including warehousing, transport, and value-added services. The Global Forwarding, Freight division transports goods by rail, road, air, and sea; and offers multimodal and sector-specific solutions. Deutsche Post AG is headquartered in Bonn, Germany.
Details
| Name: | Deutsche Post AG |
| DPW | |
| Exchange: | XTRA |
| Founded: | |
| €36,179,997,988 | |
| 1,232,498,654 | |
| Website: | http://www.deutschepost.de |
| Address: |
Deutsche Post AG Charles-de-Gaulle-Strasse 20, Bonn, North Rhine-Westphalia, 53113, Germany |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| XTRA | DPW | Registered Shares | XETRA Trading Platform | DE | EUR | 20. Nov 2000 | |
| OTCPK | DPST.F | Registered Shares | Pink Sheets LLC | US | USD | 20. Nov 2000 | |
| DB | DPW | Registered Shares | Deutsche Boerse AG | DE | EUR | 20. Nov 2000 | |
| LSE | 0H3Q | Registered Shares | London Stock Exchange | GB | EUR | 20. Nov 2000 | |
| SWX | DPW | Registered Shares | SIX Swiss Exchange | CH | CHF | 20. Nov 2000 | |
| BIT | DPW | Registered Shares | Borsa Italiana | IT | EUR | 20. Nov 2000 | |
| WBAG | DPW | Registered Shares | Wiener Boerse AG | AT | EUR | 20. Nov 2000 | |
| BMV | DPW N | Registered Shares | Bolsa Mexicana de Valores | MX | MXN | 20. Nov 2000 | |
| BATS-CHIXE | DPWD | Registered Shares | BATS 'Chi-X Europe' | GB | EUR | 20. Nov 2000 | |
| OTCPK | DPSG.Y | SPONS ADR EA REPR 1 ORD SHS | Pink Sheets LLC | US | USD | 13. Oct 2008 | |
| DB | DPWA | SPONS ADR EA REPR 1 ORD SHS | Deutsche Boerse AG | DE | EUR | 13. Oct 2008 | |
| XTRA | DPWA | SPONS ADR EA REPR 1 ORD SHS | XETRA Trading Platform | DE | EUR | 13. Oct 2008 |
Number of employees
Current staff
Industry
| Air Freight and Logistics | |
| Transportation |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/18 21:06 |
| End of day share price update: | 2019/07/18 00:00 |
| Last estimates confirmation: | 2019/07/15 |
| Last earnings filing: | 2019/05/16 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
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.
