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Berliner Effektengesellschaft

DB:BFV
Snowflake Description

Adequate balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BFV
DB
€447M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Berliner Effektengesellschaft AG, through its subsidiaries, provides various banking and financial products and services in Germany. The last earnings update was 223 days ago. More info.


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  • Berliner Effektengesellschaft has significant price volatility in the past 3 months.
BFV Share Price and Events
7 Day Returns
56.2%
DB:BFV
-6.8%
DE Capital Markets
-2.7%
DE Market
1 Year Returns
81.2%
DB:BFV
-11.8%
DE Capital Markets
-20.4%
DE Market
BFV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Berliner Effektengesellschaft (BFV) 56.2% 49.1% 82.2% 81.2% 188.7% 314.1%
DE Capital Markets -6.8% -21.9% -18% -11.8% -29% -57.8%
DE Market -2.7% -18.4% -26.7% -20.4% -25.9% -30.4%
1 Year Return vs Industry and Market
  • BFV outperformed the Capital Markets industry which returned -11.8% over the past year.
  • BFV outperformed the Market in Germany which returned -20.4% over the past year.
Price Volatility
BFV
Industry
5yr Volatility vs Market

BFV Value

 Is Berliner Effektengesellschaft 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 Berliner Effektengesellschaft 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 Berliner Effektengesellschaft.

DB:BFV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €4.11 * 21.8%
€0.90
Book Value of Equity per Share Median Book Value from the past 5 years. €4.11
Discount Rate (Cost of Equity) See below 4.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:BFV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.747 (1 + (1- 30%) (2.13%))
0.838
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.838 * 5.44%)
4.17%

Discounted Cash Flow Calculation for DB:BFV using Excess Returns Model Model

The calculations below outline how an intrinsic value for Berliner Effektengesellschaft is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:BFV Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (21.8% – 4.17%) * €4.11)
€0.73
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €0.73 / (4.17% - -0.39%)
€15.94
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €4.11 + €15.94
€20.05
DB:BFV Discount to Share Price
Calculation Result
Value per share (EUR) From above. €20.05
Current discount Discount to share price of €32.80
= -1 x (€32.80 - €20.05) / €20.05
-63.6%

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

  • The current share price of Berliner Effektengesellschaft is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Berliner Effektengesellschaft's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Berliner Effektengesellschaft's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BFV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.68
DB:BFV Share Price ** DB (2020-04-02) in EUR €32.8
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.18x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.15x

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

** Primary Listing of Berliner Effektengesellschaft.

DB:BFV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:BFV Share Price ÷ EPS (both in EUR)

= 32.8 ÷ 0.68

48.32x

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

  • Berliner Effektengesellschaft is overvalued based on earnings compared to the DE Capital Markets industry average.
  • Berliner Effektengesellschaft is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Berliner Effektengesellschaft's expected growth come at a high price?
Raw Data
DB:BFV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 48.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*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 Berliner Effektengesellschaft, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Berliner Effektengesellschaft's assets?
Raw Data
DB:BFV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €3.95
DB:BFV Share Price * DB (2020-04-02) in EUR €32.8
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:BFV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:BFV Share Price ÷ Book Value per Share (both in EUR)

= 32.8 ÷ 3.95

8.31x

* Primary Listing of Berliner Effektengesellschaft.

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

  • Berliner Effektengesellschaft is overvalued based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Berliner Effektengesellschaft'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. Berliner Effektengesellschaft has a total score of 0/6, 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.

BFV Future Performance

 How is Berliner Effektengesellschaft expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Berliner Effektengesellschaft has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
40%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Berliner Effektengesellschaft expected to grow at an attractive rate?
  • Unable to compare Berliner Effektengesellschaft's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Berliner Effektengesellschaft's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Berliner Effektengesellschaft's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:BFV Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 40%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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
DB:BFV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BFV Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 66 11
2019-03-31 68 12
2018-12-31 70 18 13
2018-09-30 70 14
2018-06-30 70 15
2018-03-31 67 14
2017-12-31 64 21 13
2017-09-30 63 12
2017-06-30 61 11
2017-03-31 59 11
2016-12-31 57 13 11
2016-09-30 53 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Berliner Effektengesellschaft is high growth as no earnings estimate data is available.
  • Unable to determine if Berliner Effektengesellschaft is high growth as no revenue estimate data is available.
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
DB:BFV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Berliner Effektengesellschaft Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BFV Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.68
2019-03-31 0.82
2018-12-31 0.99
2018-09-30 1.03
2018-06-30 2.40
2018-03-31 2.28
2017-12-31 2.17
2017-09-30 0.89
2017-06-30 1.44
2017-03-31 1.38
2016-12-31 1.32
2016-09-30 0.60

*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.
  • Unable to establish if Berliner Effektengesellschaft will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Berliner Effektengesellschaft's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Berliner Effektengesellschaft's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Berliner Effektengesellschaft's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Berliner Effektengesellschaft'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Berliner Effektengesellschaft has a total score of 0/6, 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.

BFV Past Performance

  How has Berliner Effektengesellschaft performed over the past 5 years?

  • Berliner Effektengesellschaft's last earnings update was 223 days ago.
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 Berliner Effektengesellschaft'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.
  • Berliner Effektengesellschaft's year on year earnings growth rate has been positive over the past 5 years.
  • Berliner Effektengesellschaft's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Berliner Effektengesellschaft's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
Berliner Effektengesellschaft'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 Berliner Effektengesellschaft Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BFV Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 65.92 11.25 38.71
2019-03-31 68.11 12.36 38.44
2018-12-31 70.29 13.47 38.17
2018-09-30 70.24 14.02 37.20
2018-06-30 70.18 14.58 36.22
2018-03-31 67.24 13.78 35.54
2017-12-31 64.29 12.99 34.85
2017-09-30 62.71 12.18 34.27
2017-06-30 61.12 11.37 33.70
2017-03-31 59.30 11.02 33.04
2016-12-31 57.48 10.66 32.37
2016-09-30 53.50 8.26 31.57
2016-06-30 49.52 5.86 30.77
2016-03-31 48.54 5.98 30.03
2015-12-31 47.56 6.09 29.29
2015-09-30 47.28 7.81 27.96
2015-06-30 47.00 9.54 26.62
2015-03-31 44.32 9.03 25.57
2014-12-31 41.64 8.52 24.51
2014-09-30 40.06 7.87 24.95
2014-06-30 38.48 7.22 25.38
2014-03-31 35.14 5.54 24.47
2013-12-31 31.81 3.87 23.55
2013-09-30 27.82 1.58 22.81
2013-06-30 23.83 -0.71 22.08

*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.
  • Berliner Effektengesellschaft has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Berliner Effektengesellschaft used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Berliner Effektengesellschaft improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Berliner Effektengesellschaft'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.
Berliner Effektengesellschaft has a total score of 2/6, 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.

BFV Health

 How is Berliner Effektengesellschaft'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 Berliner Effektengesellschaft's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Berliner Effektengesellschaft is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Berliner Effektengesellschaft's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Berliner Effektengesellschaft'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 17.3x 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 Berliner Effektengesellschaft Company Filings, last reported 9 months ago.

DB:BFV Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 71.59 9.53 53.47
2019-03-31 71.59 9.53 53.47
2018-12-31 79.76 3.02 9.02
2018-09-30 79.76 3.02 9.02
2018-06-30 75.21 1.73 54.50
2018-03-31 75.21 1.73 54.50
2017-12-31 78.56 6.42 9.97
2017-09-30 78.56 6.42 9.97
2017-06-30 71.95 2.33 13.68
2017-03-31 71.95 2.33 13.68
2016-12-31 75.25 1.07 7.81
2016-09-30 75.25 1.07 7.81
2016-06-30 65.16 2.29 26.24
2016-03-31 65.16 2.29 26.24
2015-12-31 67.14 1.43 7.40
2015-09-30 67.14 1.43 7.40
2015-06-30 64.86 1.87 7.73
2015-03-31 64.86 1.87 7.73
2014-12-31 62.46 0.31 4.25
2014-09-30 62.46 0.31 4.25
2014-06-30 53.88 0.90 7.54
2014-03-31 53.88 0.90 7.54
2013-12-31 49.98 0.36 4.12
2013-09-30 49.98 0.36 4.12
2013-06-30 56.86 1.05 6.77
  • Berliner Effektengesellschaft's level of debt (13.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.7% vs 13.3% today).
  • Debt is well covered by operating cash flow (192.3%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Berliner Effektengesellschaft's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Berliner Effektengesellschaft'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. Berliner Effektengesellschaft 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.

BFV Dividends

 What is Berliner Effektengesellschaft'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
1.83%
Current annual income from Berliner Effektengesellschaft dividends.
If you bought €2,000 of Berliner Effektengesellschaft shares you are expected to receive €37 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?
  • Berliner Effektengesellschaft's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Berliner Effektengesellschaft's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
Upcoming dividend payment

Purchase Berliner Effektengesellschaft before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
DB:BFV 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 0 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:BFV Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-05-29 0.600 3.251
2019-04-26 0.600 3.339
2018-05-02 0.600 3.315
2017-05-04 0.500 3.312
2016-04-18 0.400 4.728
2015-04-01 0.210 2.890
2014-05-02 0.050 0.884
2013-05-16 0.000 0.000
2012-06-15 0.180 3.542
2011-04-29 0.150 1.924
2010-03-01 0.120 1.835
2009-09-30 0.000 0.000
2009-07-30 0.000 0.000

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 increased over the past 10 years.
Current Payout to shareholders
What portion of Berliner Effektengesellschaft's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Berliner Effektengesellschaft's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Berliner Effektengesellschaft afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Berliner Effektengesellschaft has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BFV Management

 What is the CEO of Berliner Effektengesellschaft'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
Holger Timm
COMPENSATION €363,000
CEO Bio

Mr. Holger Timm is the Founder of Berliner Effektengesellschaft AG, (the parent company of Ventegis Capital AG) and serves as its Chief Executive Officer and management board spokesman. Mr. Timm has been the Chairman of the Managing Board at Tradegate AG Wertpapierhandelsbank since 1999 and serves its Chief Executive Officer. He serves as the Chairman of the Management Board at Berliner Effektengesellschaft AG. He has been a Member of the Management Board of Tradegate Börsenservice GmbH, Berlin since August 7, 2008. He served as the Chairman of the Board and Director of Berliner Freiverkehr (Aktien) AG, Berlin. He has been the Chairman and Member of Supervisory Board of Consors Capital Bank AG, Beriln since October 23, 2003. He serves as the Chairman of the Supervisory Board at Quirin Privatbank AG. He serves as Deputy Chairman of the Supervisory Board of Ex-tra Sportwetten AG, Vienna, Austria. Mr. Timm served as Joint Chairman of the board of Berliner Effektengesellschaft AG. He serves as a Member of the Supervisory Board of EuroChange Wechselstuben AG, Berlin and Ventegis Capital AG, Berlin.

CEO Compensation
  • Insufficient data for Holger to compare compensation growth.
  • Insufficient data for Holger to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Holger Timm

TITLE
Chairman of the Management Board
COMPENSATION
€363K

Karsten Haesen

TITLE
Member of the Management Board
COMPENSATION
€337K
TENURE
18.9 yrs
Board of Directors

Jörg Franke

TITLE
Chairman of the Supervisory Board
COMPENSATION
€29K
AGE
78

Frank-Uwe Fricke

TITLE
Vice Chairman of the Supervisory Board

Andre Dujardin

TITLE
Member of the Supervisory Board
COMPENSATION
€14K
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 (€) Value (€)
X
Management checks
We assess Berliner Effektengesellschaft'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. Berliner Effektengesellschaft 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.

BFV News

Simply Wall St News

If You Like EPS Growth Then Check Out Berliner Effektengesellschaft (FRA:BFV) Before It's Too Late

But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' So if you're like me, you might be more interested in profitable, growing companies, like Berliner Effektengesellschaft (FRA:BFV). … So we're pleased to report that Berliner Effektengesellschaft insiders own a meaningful share of the business. … Given my belief that share price follows earnings per share you can easily imagine how I feel about Berliner Effektengesellschaft's strong EPS growth.

Simply Wall St -

Should We Worry About Berliner Effektengesellschaft AG's (FRA:BFV) P/E Ratio?

The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Berliner Effektengesellschaft: P/E of 23.98 = €17.6 ÷ €0.73 (Based on the trailing twelve months to December 2018.) Is A High P/E Ratio Good? … DB:BFV Price Estimation Relative to Market, June 19th 2019 Its P/E ratio suggests that Berliner Effektengesellschaft shareholders think that in the future it will perform about the same as other companies in its industry classification. … Its net cash position supports a higher P/E ratio, as does its solid recent earnings growth.

Simply Wall St -

Is Berliner Effektengesellschaft's (FRA:BFV) 239% Share Price Increase Well Justified?

Over half a decade, Berliner Effektengesellschaft managed to grow its earnings per share at 61% a year. … DB:BFV Past and Future Earnings, May 29th 2019 Dive deeper into Berliner Effektengesellschaft's key metrics by checking this interactive graph of Berliner Effektengesellschaft's earnings, revenue and cash flow. … As well as measuring the share price return, investors should also consider the total shareholder return (TSR).

Simply Wall St -

Do Institutions Own Berliner Effektengesellschaft AG (FRA:BFV) Shares?

The big shareholder groups in Berliner Effektengesellschaft AG (FRA:BFV) have power over the company. … Berliner Effektengesellschaft is not a large company by global standards. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Is Berliner Effektengesellschaft AG (FRA:BFV) A Smart Pick For Income Investors?

Historically, Berliner Effektengesellschaft AG (FRA:BFV) has paid dividends to shareholders, and these days it yields 3.4%. … Let's take a look at Berliner Effektengesellschaft in more detail. … See our latest analysis for Berliner Effektengesellschaft

Simply Wall St -

Does Berliner Effektengesellschaft AG (FRA:BFV) Have A Place In Your Portfolio?

Historically, Berliner Effektengesellschaft AG (FRA:BFV) has been paying a dividend to shareholders. … Does Berliner Effektengesellschaft tick all the boxes of a great dividend stock? … See our latest analysis for Berliner Effektengesellschaft

Simply Wall St -

How Has Berliner Effektengesellschaft AG's (FRA:BFV) Performed Against The Industry?

Improvement in profitability and outperformance against the industry can be important characteristics in a stock for some investors. … Below, I will assess Berliner Effektengesellschaft AG's (FRA:BFV) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … Despite a decline, did BFV underperform the long-term trend and the industry.

Simply Wall St -

Should Income Investors Buy Berliner Effektengesellschaft AG (DB:BFV) Before Its Ex-Dividend?

Have you been keeping an eye on Berliner Effektengesellschaft AG's (DB:BFV) upcoming dividend of €0.60 per share payable on the 19 June 2018? … Well, keep on reading because today, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout

Simply Wall St -

Does Berliner Effektengesellschaft AG's (FRA:BFV) Past Performance Indicate A Stronger Future?

In this article, I will take a look at Berliner Effektengesellschaft AG's (DB:BFV) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … Check out our latest analysis for Berliner Effektengesellschaft Did BFV beat its long-term earnings growth trend and its industry? … Given that these figures may be relatively short-term thinking, I’ve estimated an annualized five-year figure for BFV's net income, which stands at €3.74M This shows that, on average, Berliner Effektengesellschaft has been able to steadily grow its bottom line over the last few years as well.

Simply Wall St -

BFV Company Info

Description

Berliner Effektengesellschaft AG, through its subsidiaries, provides various banking and financial products and services in Germany. The company offers a range of services in the capital markets, including financial advisory/listings, concept development, implementation of stock market launches and quotations, preparation and execution of private placements, capital structuring and execution, structured finance, reverse merger transactions, and transaction support services. It also provides securities trading and venture capital services; and private banking services, including private and company retirement planning, financial planning, and portfolio optimization, as well as digital insurance services. The company was formerly known as Berliner Freiverkehr (Aktien) GmbH and changed its name to Berliner Effektengesellschaft AG in 1999. Berliner Effektengesellschaft AG was founded in 1986 and is based in Berlin, Germany.

Details
Name: Berliner Effektengesellschaft AG
BFV
Exchange: DB
Founded: 1986
€447,406,333
13,640,437
Website: http://www.effektengesellschaft.de
Address: Berliner Effektengesellschaft AG
Kurfürstendamm 119,
Berlin,
Berlin, 10711,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB BFV Bearer Shares Deutsche Boerse AG DE EUR 01. Jul 1998
Number of employees
Current staff
Staff numbers
126
Berliner Effektengesellschaft employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 23:25
End of day share price update: 2020/04/02 00:00
Last earnings filing: 2019/08/23
Last earnings reported: 2019/06/30
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.