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Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien

SWX:BVB
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BVB
SWX
€500M
Market Cap
  1. Home
  2. CH
  3. Media
Company description

Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien, through its subsidiaries, operates a football club in Germany. The last earnings update was 33 days ago. More info.


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BVB Share Price and Events
7 Day Returns
0%
SWX:BVB
5.1%
Europe Entertainment
10.7%
CH Market
1 Year Returns
-1.4%
SWX:BVB
-20.2%
Europe Entertainment
-5.9%
CH Market
BVB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien (BVB) 0% 0% 0% -1.4% 53.7% 143.7%
Europe Entertainment 5.1% -14.2% -21.8% -20.2% -3.3% -9.7%
CH Market 10.7% -7.3% -13.9% -5.9% 2.6% -1.1%
1 Year Return vs Industry and Market
  • BVB outperformed the Entertainment industry which returned -20.2% over the past year.
  • BVB outperformed the Market in Switzerland which returned -5.9% over the past year.
Price Volatility
BVB
Industry
5yr Volatility vs Market

BVB Value

 Is Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien 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 Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien 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 Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien.

SWX:BVB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.8%
Perpetual Growth Rate 10-Year CH Government Bond Rate -0.6%

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 SWX:BVB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate -0.6%
Equity Risk Premium S&P Global 5.4%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.954 (1 + (1- 30%) (2.69%))
0.981
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.55% + (0.981 * 5.44%)
4.79%

Discounted Cash Flow Calculation for SWX:BVB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

SWX:BVB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 4.79%)
2020 -5.80 Analyst x2 -5.53
2021 44.95 Analyst x2 40.94
2022 142.95 Analyst x2 124.23
2023 238.80 Est @ 67.05% 198.05
2024 350.49 Est @ 46.77% 277.39
2025 464.66 Est @ 32.57% 350.95
2026 569.84 Est @ 22.64% 410.72
2027 659.20 Est @ 15.68% 453.41
2028 730.47 Est @ 10.81% 479.47
2029 784.55 Est @ 7.4% 491.43
Present value of next 10 years cash flows €2,821.00
SWX:BVB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €784.55 × (1 + -0.55%) ÷ (4.79% – -0.55%)
€14,613.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €14,613.88 ÷ (1 + 4.79%)10
€9,153.95
SWX:BVB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,821.00 + €9,153.95
€11,974.95
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €11,974.95 / 91.98
€130.19
SWX:BVB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in SWX:BVB represents 1.70955x of XTRA:BVB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.70955x
Value per Share
(Listing Adjusted, CHF)
= Value per Share (EUR) x Listing Adjustment Factor
= € 130.19 x 1.70955
CHF222.56
Value per share (CHF) From above. CHF222.56
Current discount Discount to share price of CHF9.30
= -1 x (CHF9.30 - CHF222.56) / CHF222.56
95.8%

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

Current Discount
Amount off the current price Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien is available for.
Intrinsic value
>50%
Share price is CHF9.3 vs Future cash flow value of CHF222.56
Current Discount Checks
For Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's share price is below the future cash flow value, and 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 Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:BVB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.03
XTRA:BVB Share Price ** XTRA (2020-03-31) in EUR €5.44
Europe Entertainment Industry PE Ratio Median Figure of 66 Publicly-Listed Entertainment Companies 26.33x
Switzerland Market PE Ratio Median Figure of 175 Publicly-Listed Companies 16.61x

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

** Primary Listing of Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien.

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

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

= 5.44 ÷ 0.03

188.81x

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

  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien is overvalued based on earnings compared to the Europe Entertainment industry average.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien is overvalued based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's expected growth come at a high price?
Raw Data
SWX:BVB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 188.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
89.8%per year
Europe Entertainment Industry PEG Ratio Median Figure of 31 Publicly-Listed Entertainment Companies 1.41x
Switzerland Market PEG Ratio Median Figure of 125 Publicly-Listed Companies 1.69x

*Line of best fit is calculated by linear regression .

SWX:BVB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 188.81x ÷ 89.8%

2.1x

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

  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's assets?
Raw Data
SWX:BVB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €3.60
XTRA:BVB Share Price * XTRA (2020-03-31) in EUR €5.44
Europe Entertainment Industry PB Ratio Median Figure of 129 Publicly-Listed Entertainment Companies 2.2x
Switzerland Market PB Ratio Median Figure of 216 Publicly-Listed Companies 1.33x
SWX:BVB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 5.44 ÷ 3.60

1.51x

* Primary Listing of Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien.

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

  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien is good value based on assets compared to the Europe Entertainment industry average.
X
Value checks
We assess Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien'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 Entertainment 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 Entertainment industry average (and greater than 0)? (1 check)
  5. Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien has a total score of 3/6, 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.

BVB Future Performance

 How is Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien 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
89.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien expected to grow at an attractive rate?
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's earnings growth is expected to exceed the low risk savings rate of -0.6%.
Growth vs Market Checks
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's earnings growth is expected to exceed the Switzerland market average.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's revenue growth is expected to exceed the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:BVB Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:BVB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 89.8%
SWX:BVB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 8.2%
Europe Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 25.5%
Europe Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 9.2%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 8.7%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 2.3%

*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:BVB 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.
SWX:BVB Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-06-30 710 1
2023-06-30 678 1
2022-06-30 573 193 74 2
2021-06-30 559 167 44 3
2020-06-30 506 121 12 3
2020-04-01
SWX:BVB Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 503 156 3
2019-09-30 503 188 13
2019-06-30 490 145 17
2019-03-31 468 63 16
2018-12-31 459 70 10
2018-09-30 421 99 -16
2018-06-30 536 170 32
2018-03-31 576 290 68
2017-12-31 503 246 32
2017-09-30 504 262 40
2017-06-30 406 110 8
2017-03-31 421 7 44

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's earnings are expected to grow significantly at over 20% yearly.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's revenue is expected to grow by 8.2% 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
SWX:BVB 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 Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:BVB Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-06-30
2023-06-30
2022-06-30 0.54 0.81 0.27 2.00
2021-06-30 0.47 0.79 0.23 3.00
2020-06-30 0.13 0.25 -0.05 3.00
2020-04-01
SWX:BVB Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.03
2019-09-30 0.14
2019-06-30 0.19
2019-03-31 0.18
2018-12-31 0.11
2018-09-30 -0.17
2018-06-30 0.34
2018-03-31 0.74
2017-12-31 0.35
2017-09-30 0.44
2017-06-30 0.09
2017-03-31 0.48

*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.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien has a total score of 4/6, 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.

BVB Past Performance

  How has Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien 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 Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's growth in the last year to its industry (Entertainment).
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.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's 1-year earnings growth is negative, it can't be compared to the Europe Entertainment industry average.
Earnings and Revenue History
Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien'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 Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:BVB Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 503.02 2.72 240.96
2019-09-30 502.52 12.78 241.06
2019-06-30 489.52 17.39 230.78
2019-03-31 468.23 16.50 225.02
2018-12-31 458.51 9.93 217.95
2018-09-30 420.91 -16.22 212.32
2018-06-30 536.04 31.71 210.95
2018-03-31 575.51 68.42 220.52
2017-12-31 503.33 32.04 217.28
2017-09-30 503.73 40.08 210.73
2017-06-30 405.69 8.21 205.29
2017-03-31 421.18 44.10 187.23
2016-12-31 422.30 49.48 180.45
2016-09-30 413.05 55.50 171.68
2016-06-30 376.26 29.19 164.31
2016-03-31 312.47 -3.42 154.87
2015-12-31 293.87 -3.08 148.58
2015-09-30 296.08 -2.76 145.35
2015-06-30 276.05 5.25 139.07
2015-03-31 271.89 -1.45 136.25
2014-12-31 274.46 7.15 133.50
2014-09-30 271.18 12.70 131.05
2014-06-30 260.74 11.66 129.12
2014-03-31 316.38 42.88 141.57
2013-12-31 315.69 44.81 138.53
2013-09-30 312.60 49.62 135.41
2013-06-30 305.03 50.82 130.74

*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.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien used its assets less efficiently than the Europe Entertainment industry average last year based on Return on Assets.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien'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 Entertainment 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.
Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien has a total score of 1/6, 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.

BVB Health

 How is Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien'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 Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are -5.2362789917482E+16x 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 Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien Company Filings, last reported 3 months ago.

SWX:BVB Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 352.36 0.00 8.14
2019-09-30 354.95 0.00 30.80
2019-06-30 354.92 0.00 55.87
2019-03-31 376.30 0.00 24.47
2018-12-31 347.54 0.00 15.57
2018-09-30 341.43 0.00 20.96
2018-06-30 343.59 0.00 59.46
2018-03-31 369.43 0.00 51.63
2017-12-31 347.25 0.00 23.88
2017-09-30 365.92 0.00 56.62
2017-06-30 312.30 1.59 49.30
2017-03-31 305.45 1.63 27.00
2016-12-31 319.63 1.67 38.92
2016-09-30 330.15 1.85 38.84
2016-06-30 309.54 1.78 51.72
2016-03-31 267.48 1.65 35.56
2015-12-31 276.44 1.36 29.29
2015-09-30 280.37 1.35 47.62
2015-06-30 286.08 1.20 53.74
2015-03-31 275.63 1.38 45.35
2014-12-31 284.17 1.38 52.71
2014-09-30 287.42 41.79 102.86
2014-06-30 145.25 44.73 17.85
2014-03-31 142.13 47.74 4.15
2013-12-31 142.43 45.64 6.83
2013-09-30 142.03 47.54 3.77
2013-06-30 140.62 47.79 12.54
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (0.5% vs 0% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien'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. Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien 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.

BVB Dividends

 What is Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien'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
1.1%
Current annual income from Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien dividends. Estimated to be 1.19% next year.
If you bought CHF2,000 of Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien shares you are expected to receive CHF22 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?
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's pays a lower dividend yield than the bottom 25% of dividend payers in Switzerland (2.11%).
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's dividend is below the markets top 25% of dividend payers in Switzerland (4.26%).
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:BVB 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
Europe Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 2.7%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 159 Stocks 3.3%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Switzerland Bottom 25% Dividend Yield 25th Percentile 2.1%
Switzerland Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

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

SWX:BVB Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-06-30
2023-06-30
2022-06-30 0.07 2.00
2021-06-30 0.06 3.00
2020-06-30 0.06 3.00
2020-04-01
SWX:BVB Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-09-27 0.060 0.750
2018-09-28 0.060 0.694
2017-08-25 0.060 0.967
2016-09-27 0.060 1.060
2015-09-09 0.050 1.244
2014-09-10 0.100 2.570
2013-09-27 0.100 2.484
2013-02-25 0.060 1.851
2012-09-10 0.060 2.194

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

  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien is not paying a notable dividend for Switzerland, therefore no need to check if the payments are stable.
  • Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien is not paying a notable dividend for Switzerland, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's dividends as it is not paying a notable one for Switzerland.
Future Payout to shareholders
  • No need to calculate the sustainability of Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien's dividends in 3 years as they are not expected to pay a notable one for Switzerland.
X
Income/ dividend checks
We assess Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien'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 Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien 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.

BVB Management

 What is the CEO of Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien'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
Hans-Joachim Watzke
COMPENSATION €2,658,000
AGE 60
CEO Bio

Mr. Hans-Joachim Watzke has been Chief Executive Officer of Borussia Dortmund Geschäftsführungs-GmbH since February 12, 2005. Mr. Watzke serves as a general partner of Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien. Mr. Watzke serves as the Chairman of Management Board at Borussia Dortmund Geschäftsführungs-GmbH, a general partner of Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien. Mr. Watzke serves as Managing Director of Borussia Dortmund Geschäftsführungs-gmb of Borussia Dortmund GmbH & Co. KGaA. He served as the Managing Director of Borussia Dortmund Geschäftsfü-GmbH. since July 1, 2005 until December 31, 2005. He has been Chairman of management board at Borussia Dortmund Geschäftsfü since January 1, 2006. He serves as Chairman of the Management of B. V BORUSSIA O9 EV. DORTMUND. He serves as Member of Executive Board of B. V BORUSSIA O9 EV. DORTMUND. Mr. Watzke served as Treasurer of Borussia Dortmund Gmbh & Co KGAA. He serves as Chairman of the Board of Borussia Dortmund Group.

CEO Compensation
  • Hans-Joachim's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Hans-Joachim's remuneration is higher than average for companies of similar size in Switzerland.
Management Team

Hans-Joachim Watzke

TITLE
Chairman of Mgmt Board & MD of Borussia Dortmund Geschäftsführungs-GmbH
COMPENSATION
€3M
AGE
60

Thomas Treß

TITLE
MD & Member of Mgmt Board of Borussia Dortmund Geschäftsführungs-GmbH
COMPENSATION
€1M
AGE
53

Carsten Cramer

TITLE
MD of Sales
COMPENSATION
€1M
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien board of directors in years:

5.4
Average Tenure
58.5
Average Age
  • The tenure for the Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien board of directors is about average.
Board of Directors

Gerd Pieper

TITLE
Chairman of Supervisory Board
COMPENSATION
€24K
AGE
76
TENURE
15.4 yrs

Christian Kullmann

TITLE
Deputy Chairman of the Supervisory Board
COMPENSATION
€12K
AGE
50
TENURE
0.7 yrs

Bernd Geske

TITLE
Member of Supervisory Board
COMPENSATION
€12K
AGE
54
TENURE
14.4 yrs

Reinhold Lunow

TITLE
Member of Supervisory Board
COMPENSATION
€12K
AGE
66
TENURE
5.4 yrs

Peer Steinbrück

TITLE
Member of Supervisory Board
COMPENSATION
€12K
AGE
72
TENURE
9.4 yrs

Ulrich Leitermann

TITLE
Member of Supervisory Board
COMPENSATION
€12K
AGE
60
TENURE
5.4 yrs

Bjørn Gulden

TITLE
Member of Supervisory Board
COMPENSATION
€12K
AGE
54
TENURE
5.4 yrs

Silke Seidel

TITLE
Member of Supervisory Board
COMPENSATION
€12K
AGE
57
TENURE
4.4 yrs

Bodo Löttgen

TITLE
Member of Supervisory Board
TENURE
0.4 yrs
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)
X
Management checks
We assess Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien'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. Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien 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.

BVB News

Simply Wall St News

BVB Company Info

Description

Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien, through its subsidiaries, operates a football club in Germany. The company operates a football club in Dortmund under the name of SIGNAL IDUNA PARK, including a professional football squad. It also sells merchandise; conducts stadium tours, sports travel, conferences, trips, and various other events; provides arrangements for event staffing services, and hotel and car hire bookings; offers travel services by air, ship, and rail, as well as tour agency services; and markets TV broadcast rights. In addition, the company engages in advertising comprising sponsoring activities. Further, it provides transfer services that include compensation payments for players, as well as conference, catering, Internet, media, hospitality, and other services. Additionally, the company operates a medical rehabilitation center. Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien was founded in 1909 and is based in Dortmund, Germany.

Details
Name: Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien
BVB
Exchange: SWX
Founded: 1909
€529,822,457
91,981,100
Website: http://aktie.bvb.de
Address: Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien
Rheinlanddamm 207 – 209,
Dortmund,
North Rhine-Westphalia, 44137,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA BVB Common Stock XETRA Trading Platform DE EUR 31. Oct 2000
OTCPK BORU.F Common Stock Pink Sheets LLC US USD 31. Oct 2000
DB BVB Common Stock Deutsche Boerse AG DE EUR 31. Oct 2000
LSE 0DVE Common Stock London Stock Exchange GB EUR 31. Oct 2000
SWX BVB Common Stock SIX Swiss Exchange CH CHF 31. Oct 2000
WBAG BVB Common Stock Wiener Boerse AG AT EUR 31. Oct 2000
SEP BVB Common Stock The Stock Exchange Prague Co. Ltd. CZ CZK 31. Oct 2000
ETLX BVB Common Stock Eurotlx IT EUR 31. Oct 2000
BATS-CHIXE BVBD Common Stock BATS 'Chi-X Europe' GB EUR 31. Oct 2000
Number of employees
Current staff
Staff numbers
895
Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 01:03
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


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.