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Deutsche Beteiligungs

DB:DBAN
Snowflake Description

Very undervalued with flawless balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DBAN
DB
€390M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Deutsche Beteiligungs AG is a private equity firm specializing in direct and fund of fund investments. The last earnings update was 51 days ago. More info.


Add to Portfolio Compare Print
  • Deutsche Beteiligungs is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Deutsche Beteiligungs has significant price volatility in the past 3 months.
DBAN Share Price and Events
7 Day Returns
-3.7%
DB:DBAN
15%
DE Capital Markets
9.9%
DE Market
1 Year Returns
-25%
DB:DBAN
-6.8%
DE Capital Markets
-17.5%
DE Market
DBAN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Deutsche Beteiligungs (DBAN) -3.7% -20.1% -34.4% -25% -20.9% -11.7%
DE Capital Markets 15% -18.3% -13.9% -6.8% -25.4% -54.7%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • DBAN underperformed the Capital Markets industry which returned -6.8% over the past year.
  • DBAN underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
DBAN
Industry
5yr Volatility vs Market

DBAN Value

 Is Deutsche Beteiligungs 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 Deutsche Beteiligungs 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 Deutsche Beteiligungs.

DB:DBAN 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
= €32.03 * 10.5%
€3.36
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. €32.03
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:DBAN
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 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.757 (1 + (1- 30%) (0%))
0.837
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% + (0.837 * 5.44%)
4.16%

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

The calculations below outline how an intrinsic value for Deutsche Beteiligungs 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:DBAN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.5% – 4.16%) * €32.03)
€2.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €2.02 / (4.16% - -0.39%)
€44.41
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €32.03 + €44.41
€76.44
DB:DBAN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:DBAN represents 0.99807x of XTRA:DBAN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99807x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 76.44 x 0.99807
€76.30
Value per share (EUR) From above. €76.30
Current discount Discount to share price of €25.85
= -1 x (€25.85 - €76.30) / €76.30
66.1%

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

Current Discount
Amount off the current price Deutsche Beteiligungs is available for.
Intrinsic value
>50%
Share price is €25.85 vs Future cash flow value of €76.3
Current Discount Checks
For Deutsche Beteiligungs to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Deutsche Beteiligungs's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Deutsche Beteiligungs'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 Deutsche Beteiligungs's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Deutsche Beteiligungs's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DBAN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €4.20
XTRA:DBAN Share Price ** XTRA (2020-03-31) in EUR €25.9
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.26x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

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

** Primary Listing of Deutsche Beteiligungs.

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

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

= 25.9 ÷ 4.20

6.17x

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

  • Deutsche Beteiligungs is good value based on earnings compared to the DE Capital Markets industry average.
  • Deutsche Beteiligungs is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Deutsche Beteiligungs's expected growth come at a high price?
Raw Data
DB:DBAN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
12.8%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.62x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:DBAN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.17x ÷ 12.8%

0.48x

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

  • Deutsche Beteiligungs is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Deutsche Beteiligungs's assets?
Raw Data
DB:DBAN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €24.46
XTRA:DBAN Share Price * XTRA (2020-03-31) in EUR €25.9
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.56x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:DBAN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 25.9 ÷ 24.46

1.06x

* Primary Listing of Deutsche Beteiligungs.

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

  • Deutsche Beteiligungs is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Deutsche Beteiligungs'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 Beteiligungs has a total score of 6/6, 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.

DBAN Future Performance

 How is Deutsche Beteiligungs expected to perform in the next 1 to 3 years based on estimates from 4 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
12.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Deutsche Beteiligungs expected to grow at an attractive rate?
  • Deutsche Beteiligungs's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Deutsche Beteiligungs's earnings growth is positive but not above the Germany market average.
  • Deutsche Beteiligungs's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DBAN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:DBAN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 12.8%
DB:DBAN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 9.1%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 38.9%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:DBAN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:DBAN Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-09-30 83 12 47 3
2021-09-30 76 10 42 3
2020-09-30 47 -10 19 3
2020-04-01
DB:DBAN Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 97 -9 67
2019-09-30 77 -12 46
2019-06-30 50 5 19
2019-03-31 52 11 23
2018-12-31 28 7 -2
2018-09-30 60 10 30
2018-06-30 68 -2 38
2018-03-31 87 7 56
2017-12-31 109 1 78
2017-09-30 113 0 82
2017-06-30 126 -1 94
2017-03-31 92 -15 61

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Deutsche Beteiligungs's earnings are expected to grow by 12.8% yearly, however this is not considered high growth (20% yearly).
  • Deutsche Beteiligungs's revenue is expected to grow by 9.1% 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
DB:DBAN 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 4 Analyst Estimates (S&P Global) See Below

All data from Deutsche Beteiligungs Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DBAN Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-09-30 3.13 3.39 2.85 4.00
2021-09-30 2.78 2.87 2.61 4.00
2020-09-30 1.29 2.29 -1.40 4.00
2020-04-01
DB:DBAN Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 4.20
2019-09-30 3.05
2019-06-30 1.23
2019-03-31 1.52
2018-12-31 -0.12
2018-09-30 1.97
2018-06-30 2.54
2018-03-31 3.75
2017-12-31 5.17
2017-09-30 5.45
2017-06-30 6.39
2017-03-31 4.27

*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 Beteiligungs is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Deutsche Beteiligungs'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.
Deutsche Beteiligungs has a total score of 2/6, 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.

DBAN Past Performance

  How has Deutsche Beteiligungs 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 Beteiligungs'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 Beteiligungs's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Deutsche Beteiligungs has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Deutsche Beteiligungs has become profitable in the last year making it difficult to compare the DE Capital Markets industry average.
Earnings and Revenue History
Deutsche Beteiligungs'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 Beteiligungs Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DBAN 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 97.46 67.09 22.29
2019-09-30 76.60 45.86 22.35
2019-06-30 49.57 18.57 21.66
2019-03-31 51.55 22.70 19.78
2018-12-31 27.61 -1.85 20.06
2018-09-30 59.95 29.69 19.33
2018-06-30 67.91 38.23 19.25
2018-03-31 87.40 56.38 20.60
2017-12-31 109.19 77.96 20.40
2017-09-30 112.88 81.96 21.94
2017-06-30 126.17 94.46 20.34
2017-03-31 91.91 61.50 18.17
2016-12-31 62.54 32.76 18.12
2016-09-30 77.77 49.46 16.23
2015-09-30 52.81 29.48 17.36
2015-07-31 56.79 36.63 13.70
2015-04-30 75.77 51.15 16.53
2015-01-31 73.17 48.71 16.53
2014-10-31 72.90 47.97 16.64
2014-07-31 93.25 50.59 19.26
2014-04-30 64.46 31.55 14.88
2014-01-31 67.23 37.24 15.19
2013-10-31 59.90 32.29 15.25
2013-07-31 38.83 25.72 15.54
2013-04-30 51.36 35.65 16.89

*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.
  • Deutsche Beteiligungs has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Deutsche Beteiligungs used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Deutsche Beteiligungs has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Deutsche Beteiligungs'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 Beteiligungs 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.

DBAN Health

 How is Deutsche Beteiligungs'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 Beteiligungs's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Deutsche Beteiligungs is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Deutsche Beteiligungs's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Deutsche Beteiligungs'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.
  • Deutsche Beteiligungs has no debt, it does not need to be covered by short term assets.
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 Beteiligungs Company Filings, last reported 3 months ago.

DB:DBAN Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 459.93 0.00 18.51
2019-09-30 460.21 0.00 69.43
2019-06-30 435.04 0.00 39.06
2019-03-31 429.82 0.00 64.37
2018-12-31 422.20 0.00 64.95
2018-09-30 443.97 0.00 63.57
2018-06-30 443.96 0.00 44.22
2018-03-31 442.87 0.00 61.72
2017-12-31 456.61 0.00 121.74
2017-09-30 436.60 0.00 127.98
2017-06-30 429.55 0.00 33.62
2017-03-31 395.17 0.00 15.97
2016-12-31 383.20 0.00 12.60
2016-09-30 369.75 0.00 51.36
2015-09-30 303.23 0.00 34.11
2015-07-31 308.79 0.00 33.42
2015-04-30 306.65 0.00 39.30
2015-01-31 325.75 0.00 46.98
2014-10-31 303.14 0.00 62.00
2014-07-31 311.90 0.00 71.35
2014-04-30 290.02 0.00 56.49
2014-01-31 300.75 0.00 56.27
2013-10-31 288.56 0.00 50.22
2013-07-31 283.13 0.00 38.11
2013-04-30 281.35 0.00 52.52
  • Deutsche Beteiligungs has no debt.
  • Deutsche Beteiligungs has not taken on any debt in the past 5 years.
  • Deutsche Beteiligungs has no debt, it does not need to be covered by operating cash flow.
  • Deutsche Beteiligungs has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Deutsche Beteiligungs'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 Beteiligungs has a total score of 6/6, 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.

DBAN Dividends

 What is Deutsche Beteiligungs'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
5.79%
Current annual income from Deutsche Beteiligungs dividends. Estimated to be 5.94% next year.
If you bought €2,000 of Deutsche Beteiligungs shares you are expected to receive €116 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 Beteiligungs's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Deutsche Beteiligungs's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
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:DBAN 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 4 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
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 5%

Industry and Market average data is calculated daily.

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

DB:DBAN Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-09-30 1.58 4.00
2021-09-30 1.54 4.00
2020-09-30 1.50 4.00
2020-04-01
DB:DBAN Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-12-04 1.500 4.297
2018-11-30 1.450 4.249
2017-12-15 1.400 3.645
2016-10-27 1.200 3.236
2015-12-10 1.000 3.634
2015-01-22 2.000 7.064
2014-01-31 1.200 5.534
2013-11-15 1.200 5.716
2013-01-29 1.200 6.239
2012-01-26 0.800 4.595
2011-01-24 1.400 8.062
2010-11-15 1.400 6.603
2010-01-29 0.400 2.236
2009-11-16 0.400 2.300

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 Deutsche Beteiligungs's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Deutsche Beteiligungs'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 Deutsche Beteiligungs afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Deutsche Beteiligungs has a total score of 5/6, see the detailed checks below.


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

DBAN Management

 What is the CEO of Deutsche Beteiligungs'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
Torsten Grede
COMPENSATION €1,321,000
AGE 55
TENURE AS CEO 7.1 years
CEO Bio

Mr. Torsten Grede has been Spokesman of the Board of Management at Deutsche Beteiligungs AG since March 26, 2013 and its Member of the Board of Management since January 2001. Mr. Grede is involved in strategy and business development, corporate communication, compliance, ESG, investment business, investor relations (fund investors), Investment Controlling at Deutsche Beteiligungs AG. He served as the Senior Vice President of Deutsche Beteiligungs AG since 1995. Mr. Grede joined Deutsche Beteiligungs AG in 1990. He did a bank traineeship. He serves as a Director of Clyde Bergemann Power Group International Limited. He serves as a Director of Babcock Borsig Service GmbH. He served as the Chairman of the Supervisory Board at Homag Group AG since March 19, 2007 until October 10, 2014. He served as a Member of Supervisory Board at MCE AG. He served as a Member of Supervisory Board at HOMAG Group AG since October 10, 2014. He has also served on the board of Babcock Borsig Service GmbH. He has more than 25 of experience in private equity. He studied Business Administration in Universität zu Köln, and St. Gallen University of Applied Sciences.

CEO Compensation
  • Torsten's compensation has increased in line with Deutsche Beteiligungs recently becoming profitable.
  • Torsten's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

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

7.1
Average Tenure
54
Average Age
  • The average tenure for the Deutsche Beteiligungs management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Torsten Grede

TITLE
Chairman of Management Board & CEO
COMPENSATION
€1M
AGE
55
TENURE
7.1 yrs

Susanne Zeidler

TITLE
CFO & Member of the Management Board
COMPENSATION
€1M
AGE
58
TENURE
7.1 yrs

Rolf Scheffels

TITLE
Member of the Management Board
COMPENSATION
€1M
AGE
53
TENURE
16.3 yrs

Mirka Derksen

TITLE
Senior VP and Head of Finance & Accounting
TENURE
1.3 yrs

Thomas Franke

TITLE
Senior VP & Head of Public Relations & Investor Relations

Florian Döring

TITLE
Senior VP & General Counsel

Thomas Weber

TITLE
Senior VP & Head of Business Development

Dorothee Klein

TITLE
Senior VP
TENURE
2.3 yrs

Volker Bonsels

TITLE
Managing Director
AGE
54
TENURE
19.3 yrs

Kai Wiesenbach

TITLE
Managing Director
AGE
41
TENURE
10.3 yrs
Board of Directors Tenure

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

0.2
Average Tenure
47.5
Average Age
  • The average tenure for the Deutsche Beteiligungs board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hendrik Otto

TITLE
Chairman of Supervisory Board
COMPENSATION
€74K
AGE
44
TENURE
0.2 yrs

Philipp Möller

TITLE
Vice Chairman of the Supervisory Board
COMPENSATION
€63K
AGE
39
TENURE
0.3 yrs

Jörg Wulfken

TITLE
Member of Supervisory Board
AGE
59
TENURE
0.2 yrs

Sonja Edeler

TITLE
Independent Supervisory Board Member
COMPENSATION
€50K
AGE
43
TENURE
4.2 yrs

Max Zimmerer

TITLE
Independent Supervisory Board Member
COMPENSATION
€30K
AGE
61
TENURE
1.2 yrs

Axel Holtrup

TITLE
Member of Supervisory Board
AGE
51
TENURE
0.2 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 (€) Value (€)
X
Management checks
We assess Deutsche Beteiligungs'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 Beteiligungs 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.

DBAN News

Simply Wall St News

Should You Be Tempted To Buy Deutsche Beteiligungs AG (FRA:DBAN) At Its Current PE Ratio?

Deutsche Beteiligungs AG (FRA:DBAN) is trading with a trailing P/E of 8.6x, which is lower than the industry average of 14.7x. … While this makes DBAN appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio. … See our latest analysis for Deutsche Beteiligungs

Simply Wall St -

How Has Deutsche Beteiligungs AG's (FRA:DBAN) Earnings Fared Against The Long Term Trend

When Deutsche Beteiligungs AG (FRA:DBAN) released its most recent earnings update (31 March 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Understanding how Deutsche Beteiligungs performed requires a benchmark rather than trying to assess a standalone number at one point in time. … DBAN's trailing twelve-month earnings (from 31 March 2018) of €65.63m has

Simply Wall St -

Is Deutsche Beteiligungs AG (FRA:DBAN) A Great Dividend Stock?

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … Over the past 10 years, Deutsche Beteiligungs AG (FRA:DBAN) has returned an average of 5.00% per year to shareholders in terms of dividend yield. … Does Deutsche Beteiligungs tick all the boxes of a great dividend stock?

Simply Wall St -

A Holistic Look At Deutsche Beteiligungs AG (DB:DBAN)

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Deutsche Beteiligungs AG (DB:DBAN) due to its excellent fundamentals in more than one area.

Simply Wall St -

Where Deutsche Beteiligungs AG (FRA:DBAN) Stands In Terms Of Earnings Growth Against Its Industry

In this commentary, I will examine Deutsche Beteiligungs AG's (DB:DBAN) latest earnings update (31 March 2018) and compare these figures against its performance over the past couple of years, as well as how the rest of the capital markets industry performed. … See our latest analysis for Deutsche Beteiligungs How DBAN fared against its long-term earnings performance and its industry For the purpose of this commentary, I like to use the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … Since these values are somewhat myopic, I’ve computed an annualized five-year figure for Deutsche Beteiligungs's earnings, which stands at €39.99M This means that, on average, Deutsche Beteiligungs has been able to gradually improve its earnings over the past couple of years as well.

Simply Wall St -

What Are The Drivers Of Deutsche Beteiligungs AG's (FRA:DBAN) Risks?

DBAN’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … This is an interesting conclusion, since both DBAN’s size and industry indicates the stock should have a higher beta than it currently has. … How DBAN's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

Who Owns Deutsche Beteiligungs AG (FRA:DBAN)?

General Public Ownership The general public holds a substantial 55.28% stake in DBAN, making it a highly popular stock among retail investors. … Private Company Ownership Potential investors in DBAN should also look at another important group of investors: private companies, with a stake of 11.65%, who are primarily invested because of strategic and capital gain interests. … Thus, investors should dig deeper into DBAN's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

Why Deutsche Beteiligungs AG (FRA:DBAN) Could Be A Buy

Deutsche Beteiligungs AG (DB:DBAN), a capital markets company based in Germany, saw significant share price volatility over the past couple of months on the DB, rising to the highs of €52.2 and falling to the lows of €39. … Great news for investors – Deutsche Beteiligungs is still trading at a fairly cheap price. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.

Simply Wall St -

Deutsche Beteiligungs AG (FRA:DBAN) Is Trading At A 20% Discount Right Now

DB:DBAN Intrinsic Value Mar 16th 18 Deriving DBAN's Intrinsic Value The main belief for Excess Returns is, the value of the company is how much money it can generate from its current level of equity capital, in excess of the cost of that capital. … The returns in excess of cost of equity is called excess returns: Excess Return Per Share = (Stable Return On Equity – Cost Of Equity) (Book Value Of Equity Per Share) = (12.03% – 8.13%) * €34.35 = €1.34 Excess Return Per Share is used to calculate the terminal value of DBAN, which is how much the business is expected to continue to generate over the upcoming years, in perpetuity. … This is a common component of discounted cash flow models: Terminal Value Per Share = Excess Return Per Share / (Cost of Equity – Expected Growth Rate) = €1.34 / (8.13% – 0.67%) = €17.92 These factors are combined to calculate the true value of DBAN's stock: Value Per Share = Book Value of Equity Per Share + Terminal Value Per Share = €34.35 + €17.92 = €52.27 Relative to the present share price of €41.9, DBAN is currently trading in-line with its true value.

Simply Wall St -

Is Deutsche Beteiligungs AG (FRA:DBAN) A Buy At Its Current PE Ratio?

View our latest analysis for Deutsche Beteiligungs Breaking down the Price-Earnings ratio DB:DBAN PE PEG Gauge Mar 9th 18 The P/E ratio is a popular ratio used in relative valuation since earnings power is a key driver of investment value. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for DBAN Price per share = €43.65 Earnings per share = €5.827 ∴ Price-Earnings Ratio = €43.65 ÷ €5.827 = 7.5x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you are inadvertently comparing lower risk firms with DBAN, then DBAN’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.

Simply Wall St -

DBAN Company Info

Description

Deutsche Beteiligungs AG is a private equity firm specializing in direct and fund of fund investments. Within direct investments the firm specializes in expansion capital, management buyout, middle market, growth capital, add-on acquisitions, bridge financing, management buy-ins for experienced executives, corporate spin-offs, succession arrangements and generational transition in a family-owned business, and pre-IPO stage investments. Within fund of fund investments the firm invests in private equity funds. It does not invest in start-up and early stage companies. The firm prefers to invest in automotive suppliers, industrial, mechanical and plant engineering, businesses develop, building supplier, measurement and automation technology, specialty chemical, support service providers, printing, media, broadband/telecommunication, IT services/software, healthcare and packaging sectors. It also prefer to invest in manufacture industrial components for very different customer sectors, produced machines and plants for various customer sectors, industrial support services, and logistics. It have accessed business models and invested very successfully in other sectors as well. The firm primarily seeks to invest in companies headquartered or having significant business relationships in Germany Mittelstand, DACH (Austria, Switzerland and Germany) France, Netherlands, United States of America, European neighboring countries, and in German speaking European countries. Within European Emerging Markets, it prefers to invest in Czech Republic, Hungary, Poland, and Slovakia. The firm typically invests between €10 million ($11.07 million) and €75 million ($105.61 million) in companies with revenues between €30 million ($55.33 million) and €500 million ($704.12 million) and enterprise value between €35 million ($35.26 million) and €300 million ($422.47 million), but may also consider investments in smaller companies or participating in larger transactions. In individual instances, it also prefers structure transactions, in which the enterprise value exceeds this range and which require equity capital investments of up to €200 million ($235.19 million). It can also co-invest with other firms. The firm seeks to take majority or minority stakes in its portfolio companies. It prefers to invest in split-offs of peripheral activities from large corporations, a sale from the portfolio of another financial investor, and a capital requirement to fund a company’s growth. The firm seeks to take seats on the portfolio companies’ advisory councils or supervisory boards. It typically holds its investment for a period of eight years. Deutsche Beteiligungs AG was founded in 1965 and is based in Frankfurt am Main, Germany.

Details
Name: Deutsche Beteiligungs AG
DBAN
Exchange: DB
Founded: 1965
€389,639,444
15,043,994
Website: http://www.dbag.com
Address: Deutsche Beteiligungs AG
Boersenstrasse 1,
Frankfurt am Main,
Hessen, 60313,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA DBAN Registered Common Shares XETRA Trading Platform DE EUR 02. Jan 1992
DB DBAN Registered Common Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0QF7 Registered Common Shares London Stock Exchange GB EUR 02. Jan 1992
SWX DBAN Registered Common Shares SIX Swiss Exchange CH CHF 02. Jan 1992
WBAG DBAN Registered Common Shares Wiener Boerse AG AT EUR 02. Jan 1992
ETLX DBAN Registered Common Shares Eurotlx IT EUR 02. Jan 1992
BATS-CHIXE DBAND Registered Common Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
71
Deutsche Beteiligungs employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 02:32
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/02/10
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/09/30


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.