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comdirect bank

LSE:0N7O
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0N7O
LSE
€1B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

comdirect bank Aktiengesellschaft, together with its subsidiaries, engages in direct banking and online securities businesses in Germany. The last earnings update was 25 days ago. More info.


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0N7O Share Price and Events
7 Day Returns
0%
LSE:0N7O
1%
GB Banks
0.6%
GB Market
1 Year Returns
-14%
LSE:0N7O
-8.7%
GB Banks
1.1%
GB Market
0N7O Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
comdirect bank (0N7O) 0% -0.2% 1.7% -14% 2.8% 17.6%
GB Banks 1% 4.3% 4.4% -8.7% 17% -11.2%
GB Market 0.6% 2.6% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • 0N7O underperformed the Banks industry which returned -8.7% over the past year.
  • 0N7O underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
0N7O
Industry
5yr Volatility vs Market

Value

 Is comdirect bank 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 comdirect bank 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 comdirect bank.

LSE:0N7O Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €5.53 * 10.4%
€0.57
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. €5.53
Discount Rate (Cost of Equity) See below 6%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 LSE:0N7O
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 30%) (14.62%))
0.768
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.8 * 5.96%)
6%

Discounted Cash Flow Calculation for LSE:0N7O using Excess Returns Model Model

The calculations below outline how an intrinsic value for comdirect bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0N7O Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.4% – 6%) * €5.53)
€0.24
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €0.24 / (6% - 1.23%)
€5.06
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €5.53 + €5.06
€10.59
LSE:0N7O Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0N7O represents 0.98314x of XTRA:COM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98314x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 10.59 x 0.98314
€10.41
Value per share (EUR) From above. €10.41
Current discount Discount to share price of €10.21
= -1 x (€10.21 - €10.41) / €10.41
2%

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

Current Discount
Amount off the current price comdirect bank is available for.
Intrinsic value
2%
Share price is €10.21 vs Future cash flow value of €10.41
Current Discount Checks
For comdirect bank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • comdirect bank's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • comdirect bank'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 comdirect bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are comdirect bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0N7O PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.28
XTRA:COM Share Price ** XTRA (2019-03-29) in EUR €10.38
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.35x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

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

** Primary Listing of comdirect bank.

LSE:0N7O PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:COM Share Price ÷ EPS (both in EUR)

= 10.38 ÷ 0.28

37.57x

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

  • comdirect bank is overvalued based on earnings compared to the GB Banks industry average.
  • comdirect bank is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does comdirect bank's expected growth come at a high price?
Raw Data
LSE:0N7O PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 37.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
12.2%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:0N7O PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 37.57x ÷ 12.2%

3.08x

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

  • comdirect bank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on comdirect bank's assets?
Raw Data
LSE:0N7O PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €4.49
XTRA:COM Share Price * XTRA (2019-03-29) in EUR €10.38
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:0N7O PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:COM Share Price ÷ Book Value per Share (both in EUR)

= 10.38 ÷ 4.49

2.31x

* Primary Listing of comdirect bank.

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

  • comdirect bank is overvalued based on assets compared to the GB Banks industry average.
X
Value checks
We assess comdirect bank'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 Banks 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 Banks industry average (and greater than 0)? (1 check)
  5. comdirect bank has a total score of 0/6, 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 comdirect bank expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
12.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is comdirect bank expected to grow at an attractive rate?
  • comdirect bank's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • comdirect bank's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • comdirect bank's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0N7O Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0N7O Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 12.2%
LSE:0N7O Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 6.3%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
LSE:0N7O Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0N7O Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 417 88 2
2020-12-31 386 76 3
2019-12-31 417 132 3
LSE:0N7O Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 333 -3,529 39
2018-09-30 387 62
2018-06-30 385 -3,494 66
2018-03-31 382 72
2018-01-01 319 -3,124 62
2017-09-30 316 62
2017-06-30 318 -1,607 62
2017-03-31 364 94
2016-12-31 376 -1,470 93
2016-09-30 381 -1,162 88
2016-06-30 392 -1,514 94
2016-03-31 357 -948 64

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • comdirect bank's earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
  • comdirect bank's revenue is expected to grow by 6.3% 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
LSE:0N7O 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 3 Analyst Estimates (S&P Global) See Below

All data from comdirect bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0N7O Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.62 0.66 0.59 2.00
2020-12-31 0.54 0.57 0.49 3.00
2019-12-31 0.94 1.01 0.87 3.00
LSE:0N7O Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.28
2018-09-30 0.44
2018-06-30 0.47
2018-03-31 0.51
2018-01-01 0.44
2017-09-30 0.44
2017-06-30 0.44
2017-03-31 0.67
2016-12-31 0.66
2016-09-30 0.63
2016-06-30 0.66
2016-03-31 0.45

*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.
  • comdirect bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess comdirect bank'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
comdirect bank 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 comdirect bank 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 comdirect bank's growth in the last year to its industry (Banks).
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.
  • comdirect bank's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • comdirect bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • comdirect bank's 1-year earnings growth is negative, it can't be compared to the GB Banks industry average.
Earnings and Revenue History
comdirect bank'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 comdirect bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0N7O Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 333.21 39.01 279.59
2018-09-30 386.59 61.53 250.53
2018-06-30 384.86 66.01 242.32
2018-03-31 382.34 72.48 235.38
2018-01-01 319.09 61.74 239.32
2017-09-30 316.30 62.09 231.13
2017-06-30 317.66 62.41 221.65
2017-03-31 364.00 93.60 212.35
2016-12-31 376.10 92.51 212.39
2016-09-30 380.88 88.23 203.26
2016-06-30 392.25 93.76 207.24
2016-03-31 357.36 64.30 208.03
2015-12-31 367.30 65.04 220.61
2015-09-30 369.21 75.10 243.64
2015-06-30 362.62 71.41 253.55
2015-03-31 352.71 66.33 268.63
2014-12-31 343.52 66.19 269.54
2014-09-30 338.09 59.76 268.72
2014-06-30 336.11 61.07 264.01
2014-03-31 336.46 61.06 260.85
2013-12-31 335.02 60.53 259.79
2013-09-30 329.59 68.98 239.51
2013-06-30 322.66 66.58 239.54
2013-03-31 317.25 69.59 229.00
2012-12-31 317.93 74.28 224.57
2012-09-30 318.79 108.10 234.27
2012-06-30 329.65 114.20 233.13

*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.
  • comdirect bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • comdirect bank used its assets less efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if comdirect bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess comdirect bank'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 Banks 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.
comdirect bank has a total score of 0/6, 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 comdirect bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of comdirect bank'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.
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 comdirect bank Company Filings, last reported 3 months ago.

LSE:0N7O Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 634.20 214.26 1,951.71
2018-09-30 636.79 1.46 1,636.99
2018-06-30 625.45 1.17 1,694.43
2018-03-31 644.65 6.44 2,401.81
2018-01-01 625.85 9.29 12,263.88
2017-09-30 631.21 6.32 2,500.09
2017-06-30 617.58 11.70 2,389.97
2017-03-31 641.55 11.46 1,792.99
2016-12-31 628.16 17.02 0.60
2016-09-30 621.60 26.46 1,223.66
2016-06-30 605.36 32.86 1,217.02
2016-03-31 648.04 8.90 1,153.71
2015-12-31 624.23 6.38 1,834.34
2015-09-30 579.32 0.24 888.38
2015-06-30 567.50 0.24 1,233.10
2015-03-31 616.42 12.45 603.37
2014-12-31 590.24 16.81 1,374.68
2014-09-30 575.15 6.46 2.27
2014-06-30 549.64 1.35 122.91
2014-03-31 573.19 4.45 453.47
2013-12-31 551.61 5.14 2,355.28
2013-09-30 538.47 199.24 952.74
2013-06-30 524.07 52.51 1,112.28
2013-03-31 587.69 9.36 672.05
2012-12-31 585.79 7.18 1,468.25
2012-09-30 566.05 11.58 355.17
2012-06-30 538.58 7.34 265.28
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • comdirect bank has an acceptable proportion of non-loan assets held.
  • comdirect bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at comdirect bank are broadly funded by customer deposits.
  • comdirect bank's level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).
  • comdirect bank has a sufficient allowance for bad loans.
  • comdirect bank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess comdirect bank'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. comdirect bank 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 comdirect bank'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
2.41%
Current annual income from comdirect bank dividends. Estimated to be 2.41% next year.
If you bought €2,000 of comdirect bank shares you are expected to receive €48 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?
  • comdirect bank's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • comdirect bank's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Upcoming dividend payment

Purchase comdirect bank before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
LSE:0N7O 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 3 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

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

LSE:0N7O Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.25 2.00
2020-12-31 0.25 3.00
2019-12-31 0.25 3.00
LSE:0N7O Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-26 0.250 2.450
2018-03-26 0.250 2.261
2017-04-04 0.250 2.318
2016-03-23 0.400 4.233
2015-04-28 0.400 4.012
2014-03-28 0.360 4.334
2013-02-21 0.440 5.521
2013-02-19 0.440 5.362
2012-07-26 0.560 7.102
2012-02-24 0.560 7.187
2011-03-22 0.420 5.491
2011-02-18 0.420 5.236
2010-03-22 0.410 5.602
2010-03-01 0.410 5.648
2009-04-21 0.410 6.802

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of comdirect bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess comdirect bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 comdirect bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. comdirect bank has a total score of 2/6, 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 comdirect bank'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.
CEO
Arno Walter
COMPENSATION €814,000
AGE 51
TENURE AS CEO 4.1 years
CEO Bio

Mr. Arno Walter has been the CEO of comdirect bank AG since March 2015 and is its Member of Management Board. He serves as Chairman of the Board of Managing Directors at comdirect bank AG. In addition to Corporate Strategy & Consulting, he is responsible for Corporate Communications, Auditing and Treasury & Business Partners. Furthermore, he is the Chairman of the Supervisory Board of the European Bank for Financial Services GmbH (ebase) and of the Board of Trustees at the Numeracy Foundation (Stiftung Rechnen). After completing his training as a qualified bank clerk and a degree in business administration at Goethe University Frankfurt am Main, Walter joined Dresdner Bank in 1990 in the area of private banking. In 2000 he then went to work at the German stock exchange and then Commerzbank in 2002, where he held executive positions in various areas. Walter was previously responsible for its private customer segment in the south-west region as the Group Executive Manager.

CEO Compensation
  • Arno's compensation has been consistent with company performance over the past year.
  • Arno's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the comdirect bank management team in years:

2.8
Average Tenure
48
Average Age
  • The tenure for the comdirect bank management team is about average.
Management Team

Arno Walter

TITLE
CEO & Chairman of the Board of Managing Directors
COMPENSATION
€814K
AGE
51
TENURE
4.1 yrs

Dietmar von Blücher

TITLE
CFO & Member of the Board of Managing Directors
COMPENSATION
€435K
AGE
45
TENURE
2.8 yrs

Matthias Hach

TITLE
Chief Marketing Officer & Member of the Board of Managing Directors
COMPENSATION
€370K
AGE
53
TENURE
1.3 yrs

Frauke Hegemann

TITLE
Chief Representative & Member of the Board of Managing Directors
AGE
42
TENURE
0.3 yrs

Simone Glass

TITLE
Head of Investor Relations

Dietmar Gabor

TITLE
Head of Legal Affairs & Compliance
TENURE
13.7 yrs

Lutz Brunke

TITLE
Head of Information Security & Outsourcing

Daniel Schneider

TITLE
Head of Brokerage in Product Management
Board of Directors Tenure

Average tenure and age of the comdirect bank board of directors in years:

5.9
Average Tenure
54.5
Average Age
  • The tenure for the comdirect bank board of directors is about average.
Board of Directors

Ralph Mandel

TITLE
Chairman of the Supervisory Board
AGE
52
TENURE
2.9 yrs

Frank Annuscheit

TITLE
Deputy Chairman of the Supervisory Board
AGE
56
TENURE
7.4 yrs

Georg Rönnberg

TITLE
Member of the Supervisory Board
COMPENSATION
€51K
AGE
70
TENURE
8.9 yrs

Maria Xiromeriti

TITLE
Member of the Supervisory Board
COMPENSATION
€24K
TENURE
4.9 yrs

Sabine Schmittroth

TITLE
Member of the Supervisory Board
COMPENSATION
€39K
AGE
53
TENURE
6.9 yrs

Sandra Persiehl

TITLE
Member of the Supervisory Board
COMPENSATION
€33K
TENURE
4.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess comdirect bank'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. comdirect bank 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

Company Info

Description

comdirect bank Aktiengesellschaft, together with its subsidiaries, engages in direct banking and online securities businesses in Germany. It offers brokerage, banking, and advisory services for private customers. The company was founded in 1994 and is headquartered in Quickborn, Germany. comdirect bank Aktiengesellschaft is a subsidiary of Commerz Bankenholding Nova GmbH.

Details
Name: comdirect bank Aktiengesellschaft
0N7O
Exchange: LSE
Founded: 1994
€1,465,872,059
141,220,815
Website: http://www.comdirect.de
Address: comdirect bank Aktiengesellschaft
Pascalkehre 15,
Quickborn,
Schleswig-Holstein, 25451,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA COM Ordinary Shares XETRA Trading Platform DE EUR 05. Jun 2000
DB COM Ordinary Shares Deutsche Boerse AG DE EUR 05. Jun 2000
LSE 0N7O Ordinary Shares London Stock Exchange GB EUR 05. Jun 2000
SWX COMD Ordinary Shares SIX Swiss Exchange CH CHF 05. Jun 2000
BATS-CHIXE COMD Ordinary Shares BATS 'Chi-X Europe' GB EUR 05. Jun 2000
Number of employees
Current staff
Staff numbers
1,384
comdirect bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 20:51
End of day share price update: 2019/03/29 00:00
Last estimates confirmation: 2019/04/01
Last earnings filing: 2019/03/26
Last earnings reported: 2018/12/31
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.