Commerzbank Aktiengesellschaft provides banking and capital market services to private and small business customers, corporate clients, multinationals, financial service providers, and institutional clients worldwide.
Undervalued with excellent balance sheet.
Share Price & News
How has Commerzbank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 0RLW's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 0RLW underperformed the UK Banks industry which returned -35.7% over the past year.
Return vs Market: 0RLW underperformed the UK Market which returned -23% over the past year.
Price Volatility Vs. Market
How volatile is Commerzbank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Commerzbank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 0RLW (€3.34) is trading below our estimate of fair value (€8.03)
Significantly Below Fair Value: 0RLW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 0RLW is poor value based on its PE Ratio (6.3x) compared to the Banks industry average (4.5x).
PE vs Market: 0RLW is good value based on its PE Ratio (6.3x) compared to the UK market (12.4x).
Price to Earnings Growth Ratio
PEG Ratio: 0RLW is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: 0RLW is good value based on its PB Ratio (0.1x) compared to the GB Banks industry average (0.5x).
How is Commerzbank forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 0RLW's forecast earnings growth (13% per year) is above the savings rate (0.5%).
Earnings vs Market: 0RLW's earnings (13% per year) are forecast to grow slower than the UK market (15.5% per year).
High Growth Earnings: 0RLW's earnings are forecast to grow, but not significantly.
Revenue vs Market: 0RLW's revenue (0.2% per year) is forecast to grow slower than the UK market (2.3% per year).
High Growth Revenue: 0RLW's revenue (0.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 0RLW's Return on Equity is forecast to be low in 3 years time (3.2%).
How has Commerzbank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 0RLW has a high level of non-cash earnings.
Growing Profit Margin: 0RLW's current net profit margins (8.1%) are lower than last year (10.6%).
Past Earnings Growth Analysis
Earnings Trend: 0RLW's earnings have grown by 6% per year over the past 5 years.
Accelerating Growth: 0RLW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 0RLW had negative earnings growth (-24.1%) over the past year, making it difficult to compare to the Banks industry average (29.6%).
Return on Equity
High ROE: 0RLW's Return on Equity (2.5%) is considered low.
How is Commerzbank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: 0RLW has a low level of unsold assets or inventory.
Debt Coverage by Assets: 0RLW's debt is covered by short term assets (assets are 1.4x debt).
Financial Institutions Analysis
Asset Level: 0RLW's level of assets compared to its equity is moderate.
Allowance for Bad Loans: 0RLW has a low allowance for bad loans.
Low Risk Liabilities: 0RLW's liabilities are made up of primarily low risk sources of funding.
Loan Level: 0RLW has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 0RLW's loans are broadly funded by customer deposits.
Level of Bad Loans: 0RLW has an appropriate level of bad loans (1.42%)
What is Commerzbank's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 0RLW's dividend (4.49%) is higher than the bottom 25% of dividend payers in the UK market (2.69%).
High Dividend: 0RLW's dividend (4.49%) is low compared to the top 25% of dividend payers in the UK market (7.48%).
Stability and Growth of Payments
Stable Dividend: 0RLW has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 0RLW has only been paying a dividend for 4 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.4%), 0RLW's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 0RLW's dividends in 3 years are forecast to be well covered by earnings (28.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Martin Zielke (56yo)
Mr. Martin Zielke has been the Chief Executive Officer of Commerzbank AG since May 1, 2016 and has been its Chairman of Board of Managing Directors since May 1, 2016. Mr. Zielke has been the Head of Group ...
CEO Compensation Analysis
Compensation vs Market: Martin's total compensation ($USD4.81M) is above average for companies of similar size in the UK market ($USD2.45M).
Compensation vs Earnings: Martin's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Chairman of Board of Managing Directors||3.83yrs||€4.36m||no data|
|CFO & Member of the Board of Managing Directors||0.17yr||€2.56m||no data|
|Member of the Board of Managing Directors||3.83yrs||€2.65m||no data|
|Member of the Board of Managing Directors||7.83yrs||€3.30m||no data|
|Chief Risk Officer & Member of the Board of Managing Directors||4.17yrs||€2.90m||no data|
|COO & Member of the Board of Managing Directors||1.17yrs||€2.44m||no data|
|Member of the Board of Managing Directors||0.17yr||no data||no data|
|Head of HR||0.17yr||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|Head of Fixed Income Sales - Middle East||no data||no data||no data|
Experienced Management: 0RLW's management team is considered experienced (2.5 years average tenure).
|Honorary Chairman of Supervisory Board||1.83yrs||€379.50k||no data|
|Member of Central Advisory Board||no data||no data||no data|
|Member of the Central Advisory Board||no data||no data||no data|
|Supervisory Board Deputy Chairman - Elected by Employees||16.83yrs||€248.50k||no data|
|Independent Supervisory Board Member||5.83yrs||€192.80k||no data|
|Independent Supervisory Board Member||2.83yrs||€205.80k||no data|
|Member of Central Advisory Board||no data||no data||no data|
|Member of Central Advisory Board||no data||€28.60k||no data|
|Member of Central Advisory Board||no data||no data||no data|
|Independent Supervisory Board Chairman||1.83yrs||€391.50k||no data|
Experienced Board: 0RLW's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Commerzbank AG's company bio, employee growth, exchange listings and data sources
- Name: Commerzbank AG
- Ticker: 0RLW
- Exchange: LSE
- Founded: 1870
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €4.143b
- Shares outstanding: 1.25b
- Website: https://www.commerzbank.com
Number of Employees
- Commerzbank AG
- Frankfurt am Main
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CB59J9||BST (Boerse-Stuttgart)||11% RVCV 15/01/2009 EUR1000 (BASKET)||DE||EUR||No data|
|CB59J8||BST (Boerse-Stuttgart)||13% RVCV 15/01/2009 EUR1000 (BASKET)||DE||EUR||No data|
|CB59J7||BST (Boerse-Stuttgart)||12.5% RVCV 15/01/2009 EUR1000 (BASKET)||DE||EUR||No data|
|CB59J5||BST (Boerse-Stuttgart)||11% RVCV 15/01/2009 EUR1000 (BASKET)||DE||EUR||No data|
|CB00Z9||BST (Boerse-Stuttgart)||14% RVCV 15/01/2009 EUR1000 (ADID/TUI)||DE||EUR||No data|
|CB00PS||BST (Boerse-Stuttgart)||16.5% RVCV 08/04/2009 EUR1000(LEONI)||DE||EUR||No data|
|CB00PR||BST (Boerse-Stuttgart)||17% RVCV 08/04/2009 EUR1000(LANXE)||DE||EUR||No data|
|CB00PQ||BST (Boerse-Stuttgart)||17% RVCV 08/04/2009 EUR1000(KUKA)||DE||EUR||No data|
|CB00PP||BST (Boerse-Stuttgart)||14.5% RVCV 08/04/2009 EUR1000(KRONE)||DE||EUR||No data|
|CB00PN||BST (Boerse-Stuttgart)||22.5% RVCV 08/04/2009 EUR1000(KLOEC)||DE||EUR||No data|
|CB00PM||BST (Boerse-Stuttgart)||21% RVCV 08/04/2009 EUR1000(K+S)||DE||EUR||No data|
|CB00PL||BST (Boerse-Stuttgart)||19% RVCV 08/04/2009 EUR1000(IVG)||DE||EUR||No data|
|CB00PK||BST (Boerse-Stuttgart)||21% RVCV 08/04/2009 EUR1000(HUGO)||DE||EUR||No data|
|CB00PJ||BST (Boerse-Stuttgart)||20.5% RVCV 08/04/2009 EUR1000(HOCHT)||DE||EUR||No data|
|CB00PH||BST (Boerse-Stuttgart)||11% RVCV 08/04/2009 EUR1000(HEIDE)||DE||EUR||No data|
|CB00PG||BST (Boerse-Stuttgart)||23.5% RVCV 08/04/2009 EUR1000(HEIDE)||DE||EUR||No data|
|CB00PF||BST (Boerse-Stuttgart)||17% RVCV 08/04/2009 EUR1000(HANNO)||DE||EUR||No data|
|CB00PE||BST (Boerse-Stuttgart)||16.5% RVCV 08/04/2009 EUR1000(HAMBU)||DE||EUR||No data|
|CB00PD||BST (Boerse-Stuttgart)||25.5% RVCV 08/04/2009 EUR1000(GILDE)||DE||EUR||No data|
|CB00PC||BST (Boerse-Stuttgart)||20.5% RVCV 08/04/2009 EUR1000(GEA G)||DE||EUR||No data|
|CB00PB||BST (Boerse-Stuttgart)||18% RVCV 08/04/2009 EUR1000(GAGFA)||DE||EUR||No data|
|CB00PA||BST (Boerse-Stuttgart)||15% RVCV 08/04/2009 EUR1000(FRESE)||DE||EUR||No data|
|CB00P8||BST (Boerse-Stuttgart)||17% RVCV 08/04/2009 EUR1000(WINCO)||DE||EUR||No data|
|CB00P7||BST (Boerse-Stuttgart)||21.5% RVCV 08/04/2009 EUR1000(WACKE)||DE||EUR||No data|
|CB00P6||BST (Boerse-Stuttgart)||16% RVCV 08/04/2009 EUR1000(VOSSL)||DE||EUR||No data|
|CB00P5||BST (Boerse-Stuttgart)||18% RVCV 08/04/2009 EUR1000(TOGNU)||DE||EUR||No data|
|CB00PZ||BST (Boerse-Stuttgart)||13.5% RVCV 08/04/2009 EUR1000(RHOEN)||DE||EUR||No data|
|CB00PY||BST (Boerse-Stuttgart)||18.5% RVCV 08/04/2009 EUR1000(RHEIN)||DE||EUR||No data|
|CB00PX||BST (Boerse-Stuttgart)||24% RVCV 08/04/2009 EUR1000(PROSI)||DE||EUR||No data|
|CB00PW||BST (Boerse-Stuttgart)||22.5% RVCV 08/04/2009 EUR1000(PREMI)||DE||EUR||No data|
|CB00PV||BST (Boerse-Stuttgart)||16.5% RVCV 08/04/2009 EUR1000(PRAKT)||DE||EUR||No data|
|CB00PU||BST (Boerse-Stuttgart)||21% RVCV 08/04/2009 EUR1000(PFLEI)||DE||EUR||No data|
|CB00PT||BST (Boerse-Stuttgart)||17% RVCV 08/04/2009 EUR1000(MTU A)||DE||EUR||No data|
|CB00DU||BST (Boerse-Stuttgart)||17.5% RVCV 08/04/2009 EUR1000(CELES)||DE||EUR||No data|
|CB00DT||BST (Boerse-Stuttgart)||19% RVCV 08/04/2009 EUR1000(BILFI)||DE||EUR||No data|
|CB00DS||BST (Boerse-Stuttgart)||12.5% RVCV 08/04/2009 EUR1000(BEIER)||DE||EUR||No data|
|CB00DR||BST (Boerse-Stuttgart)||28% RVCV 08/04/2009 EUR1000(ARQUE)||DE||EUR||No data|
|CB00DQ||BST (Boerse-Stuttgart)||21% RVCV 08/04/2009 EUR1000(ARCAN)||DE||EUR||No data|
|CB00DP||BST (Boerse-Stuttgart)||9.5% RVCV 08/04/2009 EUR1000(AMB G)||DE||EUR||No data|
|CB00DN||BST (Boerse-Stuttgart)||15.5% RVCV 08/04/2009 EUR1000(ALTAN)||DE||EUR||No data|
|CB00DM||BST (Boerse-Stuttgart)||17.5% RVCV 08/04/2009 EUR1000(AAREA)||DE||EUR||No data|
|CB00P4||BST (Boerse-Stuttgart)||16% RVCV 08/04/2009 EUR1000(SYMRI)||DE||EUR||No data|
|CB00P3||BST (Boerse-Stuttgart)||13% RVCV 08/04/2009 EUR1000(SUEDZ)||DE||EUR||No data|
|CB00P2||BST (Boerse-Stuttgart)||15.5% RVCV 08/04/2009 EUR1000(STADA)||DE||EUR||No data|
|CB00P1||BST (Boerse-Stuttgart)||20% RVCV 08/04/2009 EUR1000(SGL C)||DE||EUR||No data|
|CB00P0||BST (Boerse-Stuttgart)||21.5% RVCV 08/04/2009 EUR1000(SALZG)||DE||EUR||No data|
|CB00DZ||BST (Boerse-Stuttgart)||18.5% RVCV 08/04/2009 EUR1000(FRAPO)||DE||EUR||No data|
|CB00DY||BST (Boerse-Stuttgart)||12% RVCV 08/04/2009 EUR1000(DEUTS)||DE||EUR||No data|
|CB00DX||BST (Boerse-Stuttgart)||9% RVCV 08/04/2009 EUR1000(DOUGL)||DE||EUR||No data|
|CB00DW||BST (Boerse-Stuttgart)||19.5% RVCV 08/04/2009 EUR1000(DEUTZ)||DE||EUR||No data|
|CB00DV||BST (Boerse-Stuttgart)||19% RVCV 08/04/2009 EUR1000(DEMAG)||DE||EUR||No data|
|CRZB.Y||OTCPK (Pink Sheets LLC)||SPON ADR EA REPR 1 ORD(POST REV SPLIT)||US||USD||Jan 1975|
|ZZMR||DB (Deutsche Boerse AG)||SPON ADR EA REPR 1 ORD(POST REV SPLIT)||DE||EUR||Jan 1975|
|ZZMS||BST (Boerse-Stuttgart)||SPON ADR EA REPR 1 ORD(POST REV SPLIT)||DE||EUR||Jan 1975|
|CRZB.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||May 1979|
|CBK||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||May 1979|
|CBK||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||May 1979|
|CBK||XTRA (XETRA Trading Platform)||Yes||Ordinary Shares||DE||EUR||May 1979|
|CBKD||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||May 1979|
|0RLW||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||May 1979|
|COMMERZBANK||BUSE (Budapest Stock Exchange)||Yes||Ordinary Shares||HU||HUF||May 1979|
|CBK||SWX (SIX Swiss Exchange)||Yes||Ordinary Shares||CH||CHF||May 1979|
|CBK N||BMV (Bolsa Mexicana de Valores)||Yes||Ordinary Shares||MX||MXN||May 1979|
|CBK||BIT (Borsa Italiana)||Yes||Ordinary Shares||IT||EUR||May 1979|
|DSF4||DB (Deutsche Boerse AG)||GENUSSSCHEINE 2005-31/12/2020 EUR50000||DE||EUR||Jan 2007|
|0W0P||LSE (London Stock Exchange)||GENUSSSCHEINE 2005-31/12/2020 EUR50000||GB||EUR||Jan 2007|
|CB94FL||BST (Boerse-Stuttgart)||4.5% NTS 19/10/2020 EUR1000||DE||EUR||Nov 2017|
Commerzbank Aktiengesellschaft provides banking and capital market services to private and small business customers, corporate clients, multinationals, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers and Corporate Clients segments. The company offers accounts, commercial payments, cheques, clearing and custody services, and other services; trade services, including documentary collection, letters of credit, guarantee, trade facilitation, supply chain financing, buyer's credit, and forfaiting services; and bilateral loans, syndicated loans, bonds, private placements, other debt instruments, and Islamic financing services. It also provides money market, and commodities and precious metals products, as well as interest, currency, and liquidity management services; and wealth management services. The company operates approximately 1,000 branches. Commerzbank Aktiengesellschaft was founded in 1870 and is headquartered in Frankfurt am Main, Germany.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 23:38|
|End of Day Share Price||2020/03/31 00:00|
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.