Deutsche Bank
Market Cap
Ft6.9t
Last Updated
2020/02/18 22:10 UTC
Data Sources
Company Financials +
Executive Summary
Deutsche Bank Aktiengesellschaft provides commercial and investment banking, retail banking, transaction banking, and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential and overvalued.
Similar Companies
Share Price & News
How has Deutsche Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DEUTSCHEBANK's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
1.9%
DEUTSCHEBANK
1.1%
HU Capital Markets
2.2%
HU Market
1 Year Return
39.8%
DEUTSCHEBANK
19.8%
HU Capital Markets
10.7%
HU Market
Return vs Industry: DEUTSCHEBANK exceeded the Hungarian Capital Markets industry which returned 19.3% over the past year.
Return vs Market: DEUTSCHEBANK exceeded the Hungarian Market which returned 10.5% over the past year.
Shareholder returns
| DEUTSCHEBANK | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.9% | 1.1% | 2.2% |
| 30 Day | 29.7% | 4.6% | 2.7% |
| 90 Day | 52.8% | 10.8% | 3.0% |
| 1 Year | 42.3%39.8% | 24.7%19.8% | 13.9%10.7% |
| 3 Year | -31.9%-41.5% | 16.6%3.0% | 43.7%32.0% |
| 5 Year | -55.4%-62.6% | 9.8%-10.6% | 167.3%133.6% |
Price Volatility Vs. Market
How volatile is Deutsche Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Deutsche Bank undervalued compared to its fair value and its price relative to the market?
0.33x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: DEUTSCHEBANK (HUF3443) is trading above our estimate of fair value (HUF2605.8)
Significantly Below Fair Value: DEUTSCHEBANK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DEUTSCHEBANK is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.
PE vs Market: DEUTSCHEBANK is unprofitable, so we can't compare its PE Ratio to the Hungarian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate DEUTSCHEBANK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DEUTSCHEBANK is good value based on its PB Ratio (0.3x) compared to the XE Capital Markets industry average (1.4x).
Next Steps
Future Growth
How is Deutsche Bank forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
115.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DEUTSCHEBANK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.7%).
Earnings vs Market: DEUTSCHEBANK is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: DEUTSCHEBANK's is expected to become profitable in the next 3 years.
Revenue vs Market: DEUTSCHEBANK's revenue (0.1% per year) is forecast to grow slower than the Hungarian market (5.5% per year).
High Growth Revenue: DEUTSCHEBANK's revenue (0.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DEUTSCHEBANK's Return on Equity is forecast to be low in 3 years time (4%).
Next Steps
Past Performance
How has Deutsche Bank performed over the past 5 years?
-6.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DEUTSCHEBANK is currently unprofitable.
Growing Profit Margin: DEUTSCHEBANK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: DEUTSCHEBANK is unprofitable, and losses have increased over the past 5 years at a rate of -6.8% per year.
Accelerating Growth: Unable to compare DEUTSCHEBANK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: DEUTSCHEBANK is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (3.4%).
Return on Equity
High ROE: DEUTSCHEBANK has a negative Return on Equity (-8.15%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Deutsche Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: DEUTSCHEBANK has a low level of unsold assets or inventory.
Debt Coverage by Assets: DEUTSCHEBANK's debt is covered by short term assets (assets are 1.3x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: DEUTSCHEBANK has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: DEUTSCHEBANK has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -20% each year
Financial Institutions Analysis
Asset Level: DEUTSCHEBANK's level of assets compared to its equity is very high.
Allowance for Bad Loans: Insufficient data to determine if DEUTSCHEBANK has a sufficient allowance for bad loans.
Low Risk Liabilities: DEUTSCHEBANK reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if DEUTSCHEBANK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: DEUTSCHEBANK has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if DEUTSCHEBANK has an appropriate level of bad loans.
Next Steps
Dividend
What is Deutsche Bank's current dividend yield, its reliability and sustainability?
1.10%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: DEUTSCHEBANK's dividend (1.08%) isn’t notable compared to the bottom 25% of dividend payers in the Hungarian market (1.96%).
High Dividend: DEUTSCHEBANK's dividend (1.08%) is low compared to the top 25% of dividend payers in the Hungarian market (5.56%).
Stability and Growth of Payments
Stable Dividend: DEUTSCHEBANK is not paying a notable dividend for the Hungarian market, therefore no need to check if payments are stable.
Growing Dividend: DEUTSCHEBANK is not paying a notable dividend for the Hungarian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: DEUTSCHEBANK is not paying a notable dividend for the Hungarian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DEUTSCHEBANK's dividend in 3 years as they are not forecast to pay a notable one for the Hungarian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.1yrs
Average management tenure
CEO
Christian Sewing (49yo)
1.8yrs
Tenure
€4,262,666
Compensation
Mr. Christian Sewing has been Chairman of Management Board of Deutsche Bank Aktiengesellschaft since January 01, 2015 and as its CEO since April 8, 2018 respectively. Mr. Sewing served as Chairman of Super ...
CEO Compensation Analysis
Compensation vs Market: Christian's total compensation ($USD4.62M) is about average for companies of similar size in the Hungarian market ($USD3.59M).
Compensation vs Earnings: Christian's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of Management Board | 1.8yrs | €4.26m | 0.0036% €245.6m | |
| President & Deputy Chairman of the Executive Board | 0.6yrs | €3.68m | 0.00027% €18.7m | |
| CFO & Member of Management Board | 2.8yrs | €5.13m | 0.0012% €83.7m | |
| Chief Risk Officer & Member of Management Board | 7.7yrs | €5.01m | 0.0050% €346.6m | |
| Regional CEO of Asia Pacific & Member of Management Board | 3.5yrs | no data | 0.0071% €491.9m | |
| Chief Transformation Officer & Member of Management Board | 0.3yrs | no data | no data | |
| COO & Member of the Management Board | 1.1yrs | no data | 0.00034% €23.5m | |
| Member of Management Board & CEO of America | 0.5yrs | no data | no data | |
| Head of Technology | 0.08yrs | no data | no data | |
| Chief Accounting Officer | 0yrs | no data | no data |
1.1yrs
Average Tenure
51yo
Average Age
Experienced Management: DEUTSCHEBANK's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & Chief Country Officer of Deutsche Bank Russia | 2.7yrs | no data | no data | |
| Member of Americas Advisory Board | 0yrs | no data | no data | |
| Member of Americas Advisory Board | 12.1yrs | no data | no data | |
| Supervisory Board Chairman | 7.8yrs | no data | no data | |
| Member of Americas Advisory Board | 0yrs | no data | no data | |
| Employee Representative Member of Supervisory Board | 16.7yrs | no data | 0.000070% €4.8m | |
| Employee Representative Member of Supervisory Board | 16.7yrs | no data | 0.000070% €4.8m | |
| Member of Supervisory Board | 1.8yrs | no data | 0.0019% €134.2m | |
| Member of Supervisory Board | 1.5yrs | no data | no data | |
| Deputy Chairman of the Supervisory Board | 1.8yrs | no data | 0.000030% €2.1m |
5.2yrs
Average Tenure
62yo
Average Age
Experienced Board: DEUTSCHEBANK's board of directors are considered experienced (5.2 years average tenure).
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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Deutsche Bank Aktiengesellschaft's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Deutsche Bank Aktiengesellschaft
- Ticker: DEUTSCHEBANK
- Exchange: BUSE
- Founded: 1870
- Industry: Diversified Capital Markets
- Sector: Diversified Financials
- Market Cap: €20.615b
- Listing Market Cap: €6.918t
- Shares outstanding: 2.07b
- Website: https://www.db.com
Number of Employees
Location
- Deutsche Bank Aktiengesellschaft
- Taunusanlage 12
- Frankfurt am Main
- Hessen
- 60325
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 0H7D | LSE (London Stock Exchange) | Yes | Common Shares | GB | EUR | Jan 1992 |
| DB N | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Jan 1992 |
| DBK | WBAG (Wiener Boerse AG) | Yes | Common Shares | AT | EUR | Jan 1992 |
| DBK | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1992 |
| DBK | BIT (Borsa Italiana) | Yes | Common Shares | IT | EUR | Jan 1992 |
| DBK | XTRA (XETRA Trading Platform) | Yes | Common Shares | DE | EUR | Jan 1992 |
| DB | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jan 1992 |
| DEUTSCHEBANK | BUSE (Budapest Stock Exchange) | Yes | Common Shares | HU | HUF | Jan 1992 |
| DBKD | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | EUR | Jan 1992 |
| DBK | SEP (The Stock Exchange Prague Co. Ltd.) | Yes | Common Shares | CZ | CZK | Jan 1992 |
| DBAG34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REP 1 NPV(REGD) | BR | BRL | May 2019 |
Biography
Deutsche Bank Aktiengesellschaft provides commercial and investment banking, retail banking, transaction banking, and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals worldwide. The Corporate Bank segment provides cash management, trade finance and lending, trust and agency, and securities services. The Investment Bank segment offers strategic advisory services to corporate clients with focus on equity capital markets. The segment focuses on financing, advisory, fixed income, and currencies. The Private Bank segment provides payment and current account services, investment management, and retirement planning, as well as deposits, loans, mortgages, start-up financing, and structured finance for private, commercial, and corporate clients. This segment also provides wealth management services. The Asset Management segment provides investment solutions to individual investors and institutions with a range of active, passive, and alternative asset management products and services. As of June 30, 2019, the company operated 1,994 branches in Germany and internationally. Deutsche Bank 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 | 2020/02/18 22:10 |
| End of Day Share Price | 2020/02/18 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.