BATS-CHIXE:DWSD

Stock Analysis Report

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Executive Summary

DWS Group GmbH & Co. KGaA offers asset management services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.


Similar Companies

Share Price & News

How has DWS Group GmbH KGaA's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DWSD is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: DWSD's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

2.1%

DWSD

-1.5%

GB Capital Markets

-0.3%

GB Market


1 Year Return

9.2%

DWSD

-1.3%

GB Capital Markets

-11.0%

GB Market

Return vs Industry: DWSD exceeded the UK Capital Markets industry which returned -1% over the past year.

Return vs Market: DWSD exceeded the UK Market which returned -10% over the past year.


Shareholder returns

DWSDIndustryMarket
7 Day2.1%-1.5%-0.3%
30 Day12.9%4.4%10.2%
90 Day2.7%0.2%6.4%
1 Year14.6%9.2%2.0%-1.3%-7.4%-11.0%
3 Yearn/a23.7%9.0%0.9%-11.5%
5 Yearn/a64.9%35.2%26.5%-2.5%

Long-Term Price Volatility Vs. Market

How volatile is DWS Group GmbH KGaA's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is DWS Group GmbH KGaA undervalued compared to its fair value and its price relative to the market?

26.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DWSD (€33.99) is trading below our estimate of fair value (€46.41)

Significantly Below Fair Value: DWSD is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DWSD is good value based on its PE Ratio (11.8x) compared to the GB Capital Markets industry average (18.9x).

PE vs Market: DWSD is good value based on its PE Ratio (11.8x) compared to the UK market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: DWSD is poor value based on its PEG Ratio (3x)


Price to Book Ratio

PB vs Industry: DWSD is good value based on its PB Ratio (1x) compared to the GB Capital Markets industry average (1.3x).


Next Steps

Future Growth

How is DWS Group GmbH KGaA forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

3.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DWSD's forecast earnings growth (3.9% per year) is above the savings rate (1.2%).

Earnings vs Market: DWSD's earnings (3.9% per year) are forecast to grow slower than the UK market (27.3% per year).

High Growth Earnings: DWSD's earnings are forecast to grow, but not significantly.

Revenue vs Market: DWSD's revenue (1.7% per year) is forecast to grow slower than the UK market (6.7% per year).

High Growth Revenue: DWSD's revenue (1.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DWSD's Return on Equity is forecast to be low in 3 years time (7.4%).


Next Steps

Past Performance

How has DWS Group GmbH KGaA performed over the past 5 years?

1.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DWSD has high quality earnings.

Growing Profit Margin: DWSD's current net profit margins (16.9%) are lower than last year (18%).


Past Earnings Growth Analysis

Earnings Trend: DWSD's earnings have grown by 1.1% per year over the past 5 years.

Accelerating Growth: DWSD's earnings growth over the past year (39.9%) exceeds its 5-year average (1.1% per year).

Earnings vs Industry: DWSD earnings growth over the past year (39.9%) exceeded the Capital Markets industry 1.8%.


Return on Equity

High ROE: DWSD's Return on Equity (8.2%) is considered low.


Next Steps

Financial Health

How is DWS Group GmbH KGaA's financial position?


Financial Position Analysis

Short Term Liabilities: DWSD's short term assets (€5.7B) exceed its short term liabilities (€400.0M).

Long Term Liabilities: DWSD's short term assets (€5.7B) exceed its long term liabilities (€3.4B).


Debt to Equity History and Analysis

Debt Level: DWSD is debt free.

Reducing Debt: DWSD had no debt 5 years ago.

Debt Coverage: DWSD has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: DWSD has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is DWS Group GmbH KGaA current dividend yield, its reliability and sustainability?

4.92%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DWSD's dividend (4.92%) is higher than the bottom 25% of dividend payers in the UK market (1.72%).

High Dividend: DWSD's dividend (4.92%) is low compared to the top 25% of dividend payers in the UK market (4.94%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, DWSD has been paying a dividend for less than 10 years.

Growing Dividend: DWSD's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (58.1%), DWSD's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DWSD's dividends in 3 years are forecast to be covered by earnings (66.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average management tenure


CEO

Asoka Woehrmann (55 yo)

2.08yrs

Tenure

€6,631,747

Compensation

Dr. Asoka Woehrmann is Chief Executive Officer and Chairman of the Executive Board at DWS Group GmbH & Co. KGaA since October 25, 2018. He was a Member of Supervisory Board at DWS Group GmbH & Co. KGaA sin...


CEO Compensation Analysis

Compensation vs Market: Asoka's total compensation ($USD7.90M) is above average for companies of similar size in the UK market ($USD3.07M).

Compensation vs Earnings: Asoka's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Asoka Woehrmann
CEO & Chairman of the Executive Board2.08yrs€6.63mno data
Claire Peel
CFO, Head of CFO Division & Member of Executive Board2.67yrs€1.72mno data
Stefan Kreuzkamp
Chief Investment Officer2.67yrs€1.30mno data
Mark Cullen
COO, Head of COO Division & Member of Executive Board1.92yrs€3.11mno data
Dirk Goergen
Member of Executive Board & Global Head of Client Coverage Division1.92yrs€677.25kno data
Mark McDonald
Global Head of Private Equityno datano datano data
Kumber Husain
Head of Private Equityno datano datano data
Daniel Green
MD & Head of EMEAno datano datano data
Manfred Bauer
Member of Executive Board & Head of Product Division0.83yrno datano data
Björn Jesch
CEO for Switzerland0.25yrno datano data
Oliver Flade
Head of Investor Relationsno datano datano data
Adib Sisani
Global Head of Media Relationsno datano datano data

1.9yrs

Average Tenure

51yo

Average Age

Experienced Management: DWSD's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Richard Morris
Independent Shareholders’ Representative Member of Supervisory Board2.08yrs€103.33kno data
Aldo Cardoso
Independent Member of Supervisory Board2.67yrs€120.00kno data
Annabelle Bexiga
Independent Member of Supervisory Board1.42yrs€55.83kno data
Margret Suckale
Independent Shareholders’ Representative Member of Supervisory Board2.67yrs€120.00kno data
Bernd Leukert
Shareholders’ Representative Member of Supervisory Board0.83yrno datano data
Ute Wolf
Independent Deputy Chairman of Supervisory Board2.67yrs€167.50kno data
Minoru Kimura
Independent Shareholders’ Representative Member of Supervisory Board0.83yrno datano data
Karl von Rohr
Chairman of Supervisory Board2.67yrsno datano data
Said Zanjani
Employee Representative2.5yrs€100.00kno data
Stephan Accorsini
Employee Representative2.5yrs€105.00kno data
Erwin Stengele
Employee Representative2.5yrs€100.00kno data
Angela Meurer
Employee Representative2.5yrs€85.00kno data

2.5yrs

Average Tenure

56.5yo

Average Age

Experienced Board: DWSD's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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

DWS Group GmbH & Co. KGaA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: DWS Group GmbH & Co. KGaA
  • Ticker: DWSD
  • Exchange: BATS-CHIXE
  • Founded:
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: €6.793b
  • Shares outstanding: 200.00m
  • Website: https://www.dws.com

Number of Employees


Location

  • DWS Group GmbH & Co. KGaA
  • Mainzer Landstrasse 11-17
  • Frankfurt am Main
  • Hessen
  • 60329
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DWSDB (Deutsche Boerse AG)YesOrdinary Bearer SharesDEEURMar 2018
0SAYLSE (London Stock Exchange)YesOrdinary Bearer SharesGBEURMar 2018
DWSWBAG (Wiener Boerse AG)YesOrdinary Bearer SharesATEURMar 2018
DWSXTRA (XETRA Trading Platform)YesOrdinary Bearer SharesDEEURMar 2018
DWSSWX (SIX Swiss Exchange)YesOrdinary Bearer SharesCHCHFMar 2018
DWSDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Bearer SharesGBEURMar 2018

Biography

DWS Group GmbH & Co. KGaA offers asset management services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company’s products and solutions cover equities, fixed income, cash, r...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 19:46
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.