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Deutsche Bank

SWX:DBK
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DBK
SWX
€14B
Market Cap
  1. Home
  2. CH
  3. Diversified Financials
Company description

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 last earnings update was 10 days ago. More info.


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DBK Share Price and Events
7 Day Returns
0%
SWX:DBK
4.8%
CH Capital Markets
0.7%
CH Market
1 Year Returns
-28%
SWX:DBK
-6.1%
CH Capital Markets
10.7%
CH Market
DBK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Deutsche Bank (DBK) 0% 0% 0% -28% -52.1% -74.4%
CH Capital Markets 4.8% 15.1% 16.1% -6.1% -9.7% -30.7%
CH Market 0.7% 4% 5.3% 10.7% 22.5% 15.1%
1 Year Return vs Industry and Market
  • DBK underperformed the Capital Markets industry which returned -6.1% over the past year.
  • DBK underperformed the Market in Switzerland which returned 10.7% over the past year.
Price Volatility
DBK
Industry
5yr Volatility vs Market

Value

 Is Deutsche 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
  • It is not possible to calculate the future cash flow value for Deutsche Bank. This is due to cash flow or dividend data being unavailable. The share price is CHF7.6.
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 Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Deutsche Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:DBK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €-2.20
XTRA:DBK Share Price ** XTRA (2019-11-08) in EUR €6.9
Switzerland Capital Markets Industry PE Ratio Median Figure of 12 Publicly-Listed Capital Markets Companies 15.8x
Switzerland Market PE Ratio Median Figure of 170 Publicly-Listed Companies 18.83x

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

** Primary Listing of Deutsche Bank.

SWX:DBK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 6.9 ÷ -2.20

-3.14x

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

  • Deutsche Bank is loss making, we can't compare its value to the CH Capital Markets industry average.
  • Deutsche Bank is loss making, we can't compare the value of its earnings to the Switzerland market.
Price based on expected Growth
Does Deutsche Bank's expected growth come at a high price?
Raw Data
SWX:DBK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
98.4%per year
Switzerland Capital Markets Industry PEG Ratio Median Figure of 9 Publicly-Listed Capital Markets Companies 1.49x
Switzerland Market PEG Ratio Median Figure of 123 Publicly-Listed Companies 2.09x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Deutsche Bank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Deutsche Bank's assets?
Raw Data
SWX:DBK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €30.51
XTRA:DBK Share Price * XTRA (2019-11-08) in EUR €6.9
Switzerland Capital Markets Industry PB Ratio Median Figure of 15 Publicly-Listed Capital Markets Companies 0.94x
Switzerland Market PB Ratio Median Figure of 213 Publicly-Listed Companies 1.68x
SWX:DBK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 6.9 ÷ 30.51

0.23x

* Primary Listing of Deutsche Bank.

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

  • Deutsche Bank is good value based on assets compared to the CH Capital Markets industry average.
X
Value checks
We assess Deutsche 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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Deutsche Bank has a total score of 1/6, 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 Deutsche Bank expected to perform in the next 1 to 3 years based on estimates from 18 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
98.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Deutsche Bank expected to grow at an attractive rate?
  • Deutsche Bank's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Deutsche Bank's earnings growth is expected to exceed the Switzerland market average.
  • Deutsche Bank's revenues are expected to decrease over the next 1-3 years, this is below the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:DBK Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:DBK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 98.4%
SWX:DBK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts -1.2%
Switzerland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 10.1%
Switzerland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*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
SWX:DBK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:DBK Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 22,557 1,476 4
2021-12-31 22,713 714 15
2020-12-31 22,869 -346 18
2019-12-31 23,390 -5,114 16
2019-11-09
SWX:DBK Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 22,701 -4,626
2019-06-30 23,700 -54,910 -3,556
2019-03-31 24,154 33
2018-12-31 24,832 -37,303 -25
2018-09-30 25,052 -4,578 -2,025
2018-06-30 25,558 -18,446 -1,589
2018-03-31 25,602 8,118 -1,500
2017-12-31 25,926 4,975 -1,049
2017-09-30 27,000 44,210 -514
2017-06-30 27,575 65,447 -905
2017-03-31 28,161 53,692 -1,321
2016-12-31 28,629 85,847 -1,678

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Deutsche Bank's earnings are expected to grow significantly at over 20% yearly.
  • Deutsche Bank's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
SWX:DBK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from Deutsche Bank Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:DBK Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.72 1.11 0.40 3.00
2021-12-31 0.38 0.89 -0.06 9.00
2020-12-31 0.08 0.91 -0.45 13.00
2019-12-31 -2.48 -2.21 -2.75 6.00
2019-11-09
SWX:DBK Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 -2.20
2019-06-30 -1.69
2019-03-31 0.02
2018-12-31 -0.01
2018-09-30 -0.96
2018-06-30 -0.76
2018-03-31 -0.70
2017-12-31 -0.53
2017-09-30 -0.26
2017-06-30 -0.51
2017-03-31 -0.85
2016-12-31 -1.08

*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.
  • Deutsche Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Deutsche 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 Switzerland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland 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.
Deutsche 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 Deutsche 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 Deutsche Bank's growth in the last year to its industry (Capital Markets).
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.
  • Deutsche Bank does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Deutsche Bank's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Deutsche Bank's 1-year growth to the CH Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Deutsche 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 Deutsche Bank Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:DBK Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 22,701.00 -4,626.00 22,071.00
2019-06-30 23,700.00 -3,556.00 22,523.00
2019-03-31 24,154.00 33.00 22,223.00
2018-12-31 24,832.00 -25.00 22,745.00
2018-09-30 25,052.00 -2,025.00 23,809.00
2018-06-30 25,558.00 -1,589.00 23,839.00
2018-03-31 25,602.00 -1,500.00 23,908.00
2017-12-31 25,926.00 -1,049.00 23,829.00
2017-09-30 27,000.00 -514.00 23,477.00
2017-06-30 27,575.00 -905.00 23,829.00
2017-03-31 28,161.00 -1,321.00 24,218.00
2016-12-31 28,629.00 -1,678.00 24,734.00
2016-09-30 28,096.00 -1,908.00 25,390.00
2016-06-30 28,052.00 -8,177.00 25,778.00
2016-03-31 29,953.00 -7,352.00 26,273.00
2015-12-31 32,348.00 -7,022.00 26,707.00
2015-09-30 34,114.00 -4,464.00 25,968.00
2015-06-30 34,588.00 1,455.00 26,042.00
2015-03-31 33,170.00 1,124.00 25,574.00
2014-12-31 30,815.00 1,663.00 25,566.00
2014-09-30 29,195.00 -135.00 24,874.00
2014-06-30 28,831.00 0.00 24,380.00
2014-03-31 28,964.00 98.00 24,427.00
2013-12-31 29,849.00 666.00 24,455.00
2013-09-30 31,447.00 -503.00 24,751.00
2013-06-30 32,309.00 204.00 24,679.00
2013-03-31 32,169.00 526.00 25,389.00
2012-12-31 32,020.00 237.00 25,917.00

*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.
  • It is difficult to establish if Deutsche Bank has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Deutsche Bank has efficiently used its assets last year compared to the CH Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Deutsche Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Deutsche 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 Capital Markets 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.
Deutsche 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 Deutsche Bank'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 Bank's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Deutsche Bank's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Deutsche Bank's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Deutsche 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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.3x 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.
Raw Data

All data from Deutsche Bank Company Filings, last reported 1 month ago.

SWX:DBK Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 64,621.00 585,217.00 750,331.00
2019-06-30 64,982.00 572,706.00 708,867.00
2019-03-31 69,194.00 556,055.00 694,622.00
2018-12-31 68,738.00 530,983.00 729,361.00
2018-09-30 68,787.00 544,312.00 746,476.00
2018-06-30 68,861.00 570,148.00 780,975.00
2018-03-31 68,025.00 577,578.00 832,276.00
2017-12-31 68,099.00 611,421.00 853,229.00
2017-09-30 70,610.00 600,164.00 853,878.00
2017-06-30 71,210.00 649,354.00 890,626.00
2017-03-31 64,852.00 683,162.00 881,638.00
2016-12-31 64,819.00 746,089.00 920,361.00
2016-09-30 66,727.00 789,082.00 935,098.00
2016-06-30 66,809.00 921,917.00 1,085,811.00
2016-03-31 66,548.00 813,170.00 965,923.00
2015-12-31 67,624.00 742,621.00 907,391.00
2015-09-30 68,879.00 786,525.00 966,884.00
2015-06-30 75,736.00 759,338.00 937,360.00
2015-03-31 77,931.00 983,388.00 1,158,267.00
2014-12-31 73,223.00 852,838.00 975,497.00
2014-09-30 70,107.00 805,749.00 969,556.00
2014-06-30 68,402.00 786,316.00 953,397.00
2014-03-31 56,017.00 770,872.00 927,602.00
2013-12-31 54,967.00 787,065.00 969,506.00
2013-09-30 56,765.00 876,964.00 1,076,132.00
2013-06-30 57,735.00 960,347.00 1,169,396.00
2013-03-31 56,078.00 1,067,485.00 1,290,199.00
2012-12-31 54,410.00 1,126,130.00 1,341,092.00
  • Deutsche Bank's level of debt (905.6%) 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 (1149.5% vs 905.6% today).
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.

  • Deutsche Bank has sufficient cash runway for more than 3 years based on current free cash flow.
  • Deutsche Bank has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 126.6% each year.
X
Financial health checks
We assess Deutsche 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. Deutsche Bank has a total score of 4/6, 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 Deutsche 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
1.59%
Current annual income from Deutsche Bank dividends. Estimated to be 1.17% next year.
If you bought CHF2,000 of Deutsche Bank shares you are expected to receive CHF32 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?
  • Deutsche Bank's pays a lower dividend yield than the bottom 25% of dividend payers in Switzerland (1.88%).
  • Deutsche Bank's dividend is below the markets top 25% of dividend payers in Switzerland (3.62%).
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
SWX:DBK 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 18 Analyst Estimates (S&P Global) See Below
Switzerland Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 3.9%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 163 Stocks 2.9%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Switzerland Bottom 25% Dividend Yield 25th Percentile 1.9%
Switzerland Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

SWX:DBK Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.19 4.00
2021-12-31 0.13 17.00
2020-12-31 0.07 20.00
2019-12-31 0.02 17.00
2019-11-09
SWX:DBK Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-22 0.110 1.610
2018-03-16 0.110 1.197
2017-03-20 0.110 0.732
2017-02-02 0.000 0.000
2016-10-27 0.000 0.000
2016-07-27 0.000 0.000
2016-04-28 0.000 0.000
2016-04-07 0.000 0.000
2016-03-11 0.000 0.000
2015-03-20 0.750 3.113
2014-03-20 0.750 2.765
2013-03-21 0.750 2.181
2012-07-31 0.750 2.301
2012-03-20 0.750 2.522
2012-02-03 0.750 2.145
2011-11-03 0.750 2.596
2011-11-02 0.750 2.589
2011-05-13 0.750 2.358
2011-05-05 0.750 1.756
2011-03-22 0.750 1.788
2011-03-15 0.750 1.839
2011-02-03 0.750 1.645
2011-01-13 0.750 1.717
2010-03-16 0.750 1.620
2010-01-04 0.750 1.570
2009-01-30 0.500 1.283

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 Deutsche Bank's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • No need to calculate the sustainability of Deutsche Bank's dividends in 3 years as they are not expected to pay a notable one for Switzerland.
X
Income/ dividend checks
We assess Deutsche Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Deutsche Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Deutsche Bank has a total score of 0/6, 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 Deutsche 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
Christian Sewing
COMPENSATION €4,262,666
AGE 49
TENURE AS CEO 1.6 years
CEO Bio

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 Supervisory board at DB Privat- und Firmenkundenbank AG (formerly known as Deutsche Bank Privat- und Geschäftskunden AG) since June 11, 2015 until 2019. Mr. Sewing served as President of Deutsche Bank Aktiengesellschaft from March 5, 2017 to April 8, 2018. Mr. Sewing served as Co-Head of Private and Commercial Banking at Deutsche Bank Aktiengesellschaft until April 8, 2018. Mr. Sewing served as Deputy Chief Executive Officer at Deutsche Bank AG since March 13, 2017. Mr. Sewing served as Head of Private, Wealth and Commercial Clients at Deutsche Bank AG since January 2016. Mr. Sewing was Global Head of Group Audit and held a number of positions before that in Risk, including Deputy Chief Risk Officer (from 2012 to 2013) and Chief Credit Officer (from 2010 to 2012) of Deutsche Bank. Mr. Sewing's initial focus was on integrating ORM more closely with other functions within Deutsche Bank AG and preparing the implementation of the new Capital Accord (Basel II) for ORM. He served as a Member of the Management Board of Deutsche Genossenschafts Hypothekenbank AG from March 1, 2005 to March 8, 2007. He joined Deutsche Bank AG in 1989 and has worked within Deutsche Bank AG's Global Banking Division in Hamburg and Corporate Finance in Toronto. He has been a Member of Supervisory Board at Deutsche Postbank AG since May 9, 2012. He served as a Member of Supervisory Board at BHF-Bank Aktiengesellschaft until March 26, 2014. Mr. Sewing served as a Member of the Supervisory Board at Düsseldorfer Hypothekenbank AG until December 7, 2010. He completed a bank apprenticeship at Deutsche Bank in 1989. Mr. Sewing received a Diploma from the Bankakademie Bielefeld and Hamburg.

CEO Compensation
  • Christian's compensation has increased whilst company is loss making.
  • Christian's remuneration is about average for companies of similar size in Switzerland.
Management Team Tenure

Average tenure and age of the Deutsche Bank management team in years:

0.8
Average Tenure
51
Average Age
  • The average tenure for the Deutsche Bank management team is less than 2 years, this suggests a new team.
Management Team

Christian Sewing

TITLE
CEO & Chairman of Management Board
COMPENSATION
€4M
AGE
49
TENURE
1.6 yrs

Karl von Rohr

TITLE
President & Deputy Chairman of the Executive Board
COMPENSATION
€4M
AGE
54
TENURE
0.3 yrs

James von Moltke

TITLE
CFO & Member of Management Board
COMPENSATION
€5M
AGE
50
TENURE
2.6 yrs

Stuart Lewis

TITLE
Chief Risk Officer & Member of Management Board
COMPENSATION
€5M
AGE
54
TENURE
7.4 yrs

Garth Ritchie

TITLE
Consultant
COMPENSATION
€7M
AGE
51
TENURE
0.3 yrs

Werner Steinmüller

TITLE
Regional CEO of Asia Pacific & Member of Management Board
AGE
65
TENURE
3.3 yrs

Fabrizio Campelli

TITLE
Chief Transformation Officer & Member of Management Board
AGE
46

Frank Kuhnke

TITLE
COO & Member of the Management Board
AGE
52
TENURE
0.8 yrs

Christiana Riley

TITLE
Member of Management Board & CEO of America
TENURE
0.3 yrs

Bernd Leukert

TITLE
Member of Management Board
AGE
51
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Deutsche Bank board of directors in years:

5
Average Tenure
62
Average Age
  • The tenure for the Deutsche Bank board of directors is about average.
Board of Directors

Paul M. Achleitner

TITLE
Supervisory Board Chairman
AGE
63
TENURE
7.5 yrs

Detlef Polaschek

TITLE
Deputy Chairman of the Supervisory Board
AGE
59
TENURE
1.5 yrs

Borislav Ivanov-Blankenburg

TITLE
Chairman & Chief Country Officer of Deutsche Bank Russia
TENURE
2.4 yrs

Mayree Clark

TITLE
Member of Supervisory Board
AGE
62
TENURE
1.5 yrs

Norbert Winkeljohann

TITLE
Member of Supervisory Board
AGE
62
TENURE
1.3 yrs

Gabriele Platscher

TITLE
Employee Representative Member of Supervisory Board
AGE
62
TENURE
16.4 yrs

Henriette Mark

TITLE
Employee Representative Member of Supervisory Board
AGE
62
TENURE
16.4 yrs

Ben Griswold

TITLE
Member of Americas Advisory Board
AGE
78

Lynn Martin

TITLE
Member of Americas Advisory Board
AGE
79
TENURE
11.8 yrs

Tony Deering

TITLE
Member of Americas Advisory Board
AGE
74
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
28. Mar 19 Sell C-Quadrat Special Situations Dedicated Fund Company 25. Mar 19 27. Mar 19 -5,896,503 CHF18.79 CHF-110,506,904
15. Mar 19 Sell C-Quadrat Special Situations Dedicated Fund Company 04. Mar 19 15. Mar 19 -25,433,230 CHF16.75 CHF-383,852,470
15. Feb 19 Sell C-Quadrat Special Situations Dedicated Fund Company 28. Jan 19 15. Feb 19 -26,751,466 CHF16.80 CHF-365,631,633
X
Management checks
We assess Deutsche 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. Deutsche 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

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.

Details
Name: Deutsche Bank Aktiengesellschaft
DBK
Exchange: SWX
Founded: 1870
€15,655,515,127
2,065,600,000
Website: http://www.db.com
Address: Deutsche Bank Aktiengesellschaft
Taunusanlage 12,
Frankfurt am Main,
Hessen, 60325,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA DBK Common Shares XETRA Trading Platform DE EUR 02. Jan 1992
NYSE DB Common Shares New York Stock Exchange US USD 02. Jan 1992
DB DBK Common Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0H7D Common Shares London Stock Exchange GB EUR 02. Jan 1992
SWX DBK Common Shares SIX Swiss Exchange CH CHF 02. Jan 1992
BIT DBK Common Shares Borsa Italiana IT EUR 02. Jan 1992
WBAG DBK Common Shares Wiener Boerse AG AT EUR 02. Jan 1992
SEP DBK Common Shares The Stock Exchange Prague Co. Ltd. CZ CZK 02. Jan 1992
BUSE DEUTSCHEBANK Common Shares Budapest Stock Exchange HU HUF 02. Jan 1992
BMV DB N Common Shares Bolsa Mexicana de Valores MX MXN 02. Jan 1992
BATS-CHIXE DBKD Common Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
BOVESPA DBAG34 BDR EACH REP 1 NPV(REGD) Bolsa de Valores de Sao Paulo BR BRL 17. May 2019
Number of employees
Current staff
Staff numbers
89,958
Deutsche Bank employees.
Industry
Diversified Capital Markets
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/09 20:39
End of day share price update: 2019/11/08 00:00
Last estimates confirmation: 2019/11/05
Last earnings filing: 2019/10/30
Last earnings reported: 2019/09/30
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.