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Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft

DB:EFF
Snowflake Description

Overvalued with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EFF
DB
€9M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG is private equity and venture capital firm specializing in mid venture, late venture, turnaround, mezzanine, bridge financing, buy and build and expansion stage investments in medium sized companies. The last earnings update was 184 days ago. More info.


Add to Portfolio Compare Print
  • Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft has significant price volatility in the past 3 months.
EFF Share Price and Events
7 Day Returns
-7.9%
DB:EFF
12.3%
DE Capital Markets
7.2%
DE Market
1 Year Returns
-62.8%
DB:EFF
-8.8%
DE Capital Markets
-17.5%
DE Market
EFF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft (EFF) -7.9% -48.5% -55.9% -62.8% -30.7% -76.4%
DE Capital Markets 12.3% -26.5% -16.8% -8.8% -29% -56.3%
DE Market 7.2% -22.3% -26.1% -17.5% -25.7% -29.1%
1 Year Return vs Industry and Market
  • EFF underperformed the Capital Markets industry which returned -8.8% over the past year.
  • EFF underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
EFF
Industry
5yr Volatility vs Market

EFF Value

 Is Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft. This is due to cash flow or dividend data being unavailable. The share price is €0.525.
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 Effecten- und Wechsel-Beteiligungsgesellschaft's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EFF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €-0.17
XTRA:EFF Share Price ** XTRA (2020-03-27) in EUR €0.52
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 21.49x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.49x

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

** Primary Listing of Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft.

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

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

= 0.52 ÷ -0.17

-3.05x

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

  • Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft is loss making, we can't compare its value to the DE Capital Markets industry average.
  • Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft's expected growth come at a high price?
Raw Data
DB:EFF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.05x
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 1.49x
Germany Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft's assets?
Raw Data
DB:EFF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €0.53
XTRA:EFF Share Price * XTRA (2020-03-27) in EUR €0.52
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.61x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.42x
DB:EFF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.52 ÷ 0.53

0.98x

* Primary Listing of Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft.

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

  • Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft'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 Effecten- und Wechsel-Beteiligungsgesellschaft has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

EFF Future Performance

 How is Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft 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 Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft 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
41.2%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft expected to grow at an attractive rate?
  • Unable to compare Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:EFF Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 41.2%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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:EFF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 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:EFF Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-28
2019-12-31 5 -1 1
DB:EFF Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 12 -3
2019-03-31 12 -2
2018-12-31 12 -2
2018-09-30 6 -1
2018-06-30 0 0
2018-03-31 0 0
2017-12-31 0 0
2017-09-30 0 -8
2017-06-30 0 -16
2017-03-31 0 -16
2016-12-31 0 -17
2016-09-30 0 -10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft is high growth as no earnings estimate data is available.
  • Unable to determine if Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft 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:EFF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EFF Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-28
2019-12-31
DB:EFF Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 -0.17
2019-03-31 -0.13
2018-12-31 -0.09
2018-09-30 -0.06
2018-06-30 -0.02
2018-03-31 -0.01
2017-12-31 0.01
2017-09-30 -0.53
2017-06-30 -1.09
2017-03-31 -1.09
2016-12-31 -1.08
2016-09-30 -0.65

*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 Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft'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
  2. Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft'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 Effecten- und Wechsel-Beteiligungsgesellschaft 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.

EFF Past Performance

  How has Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft performed over the past 5 years?

  • Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft's last earnings update was 184 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 Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft'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 Effecten- und Wechsel-Beteiligungsgesellschaft does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft's 1-year growth to the DE Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft'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 Effecten- und Wechsel-Beteiligungsgesellschaft Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EFF 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 11.63 -2.85 0.37
2019-03-31 11.65 -2.19 0.37
2018-12-31 11.67 -1.53 0.37
2018-09-30 5.74 -0.97 0.36
2018-06-30 -0.19 -0.41 0.35
2018-03-31 -0.06 -0.16 0.34
2017-12-31 0.07 0.09 0.34
2017-09-30 0.21 -8.01 0.33
2017-06-30 0.35 -16.11 0.33
2017-03-31 0.18 -16.32 0.33
2016-12-31 0.02 -16.52 0.33
2016-09-30 0.01 -9.97 0.38
2016-06-30 0.01 -3.41 0.43
2016-03-31 0.01 -3.34 0.42
2015-12-31 0.01 -3.26 0.41
2015-09-30 0.02 -2.22 0.40
2015-06-30 0.03 -1.18 0.38
2015-03-31 0.02 -1.32 0.39
2014-12-31 0.01 -1.45 0.39
2014-09-30 0.01 -1.33 0.36
2014-06-30 0.00 -1.21 0.34
2014-03-31 0.00 -0.92 0.33
2013-12-31 0.00 -0.62 0.32
2013-09-30 0.00 -0.57 0.32
2013-06-30 0.01 -0.52 0.32
2013-03-31 0.01 -0.68 0.34

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft has efficiently used its assets last year compared to the DE Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft'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 Effecten- und Wechsel-Beteiligungsgesellschaft has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

EFF Health

 How is Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft'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 Effecten- und Wechsel-Beteiligungsgesellschaft's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft'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 not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft Company Filings, last reported 8 months ago.

DB:EFF Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 8.91 15.69 1.52
2019-03-31 8.91 15.69 1.52
2018-12-31 11.02 15.30 3.34
2018-09-30 11.02 15.30 3.34
2018-06-30 11.77 14.04 2.67
2018-03-31 11.77 14.04 2.67
2017-12-31 10.27 10.00 5.24
2017-09-30 10.27 10.00 5.24
2017-06-30 9.90 10.00 5.93
2017-03-31 9.90 10.00 5.93
2016-12-31 10.18 10.00 6.55
2016-09-30 10.18 10.00 6.55
2016-06-30 26.00 10.00 28.35
2016-03-31 26.00 10.00 28.35
2015-12-31 26.71 10.00 28.51
2015-09-30 26.71 10.00 28.51
2015-06-30 29.42 10.00 29.78
2015-03-31 29.42 10.00 29.78
2014-12-31 29.97 10.00 32.38
2014-09-30 29.97 10.00 32.38
2014-06-30 30.60 10.00 38.30
2014-03-31 30.60 10.00 38.30
2013-12-31 31.31 0.00 29.01
2013-09-30 31.31 0.00 29.01
2013-06-30 31.79 0.00 25.13
2013-03-31 31.79 0.00 25.13
  • Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft's level of debt (176%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (32.7% vs 176% today).
  • Unable to verify if debt is well covered by operating cash flow as Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft has not reported sufficient balance sheet data.
  • Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft'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 Effecten- und Wechsel-Beteiligungsgesellschaft has a total score of 0/6, 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.

EFF Dividends

 What is Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft'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
0%
Current annual income from Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft dividends.
If you bought €2,000 of Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft shares you are expected to receive €0 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?
  • Unable to evaluate Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:EFF 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 3.4%
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 5%

Industry and Market average data is calculated daily.

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

DB:EFF Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-03-28
2019-12-31

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

  • Unable to perform a dividend volatility check as Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft has not reported any payouts.
  • Unable to verify if Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft has not reported any payouts.
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 Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft'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 Effecten- und Wechsel-Beteiligungsgesellschaft afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft 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.

EFF Management

 What is the CEO of Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft'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
Bertram Köhler
COMPENSATION €136,000
AGE 48
CEO Bio

Mr. Bertram Köhler, Dipl.-Kaufmann, serves as the Chief Executive Officer at Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG and has been its Member of Management Board since February 28, 2005. Mr. Köhler served as an Investment Manager and Exit Transaction Manager of Deutsche Effecten- Und Wechsel-beteiligungsgesellschaft AG (DEWB). He joined DEWB in August 2000 and was responsible for the areas investment management, transaction structuring and corporate communications and he was involved in exit transactions as a manager and is familiar with all facets of the corporate sale through IPOs, mergers, MBO, MBI, LBO and trade sales. He also brought his transaction know-how to bear in complex acquisitions of listed and privately held companies as well as in various financing measures via the capital market. Prior to DEWB, Mr. Köhler served as a Risk Management Consultant of Commerzbank where he led projects in the area of its corporate reorganizations, merger and acquisitions, implementation of structured finance and turnaround-situations. He began his career as a Management Consultant at KPMG LLP in the field of Financial Service. He served as Vice Chairman of the Supervisory Board at NOXXON Pharma AG. Mr. Köhler serves as a Director of Nanotron Technologies GmbH. He serves as Member of the Supervisory Board of NOXXON Pharma AG. Mr. Köhler serves as a Member of the Board of Directors of 4flow AG and Integrated Genomics, Inc. He served as a Director of SMARTRAC TECHNOLOGY Dresden GmbH. He served as Member of Supervisory Board of Deutsche Effecten- Und Wechsel- AG. Mr. Köhler completed a technical apprenticeship in the optical industry at ZEISS. Mr. Köhler holds a Diplom-Kaufmann and a degree in Business Administration.

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

Bertram Köhler

TITLE
CEO & Member of Management Board
COMPENSATION
€136K
AGE
48

Marco Scheidler

TITLE
Investment Manager & Member of Management Board
AGE
39
TENURE
5.8 yrs
Board of Directors

Jörg Ohlsen

TITLE
Chairman of the Supervisory Board
AGE
64
TENURE
0.1 yrs

Rolf Ackermann

TITLE
Deputy Chairman of the Supervisory Board
AGE
51

Henning Soltau

TITLE
Member of Supervisory Board
AGE
53
TENURE
2.7 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 Effecten- und Wechsel-Beteiligungsgesellschaft'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 Effecten- und Wechsel-Beteiligungsgesellschaft 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.

EFF News

Simply Wall St News

Is Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (FRA:EFF) Undervalued?

I find that Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft’s ratio of 2.29x is trading slightly above its industry peers’ ratio of 1.59x, which means if you buy Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft today, you’d be paying a relatively fair price for it. … And if you believe that Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft should be trading at this level in the long run, there’s only an insignificant downside when the price falls to its real value. … In addition to this, it seems like Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft’s share price is quite stable, which could mean there may be less chances to buy low in the future now that it’s fairly valued.

Simply Wall St -

How Does Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (FRA:EFF) Affect Your Portfolio Returns?

Generally, an investor should consider two types of risk that impact the market value of EFF. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … Based on this beta value, EFF appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market.

Simply Wall St -

EFF Company Info

Description

Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG is private equity and venture capital firm specializing in mid venture, late venture, turnaround, mezzanine, bridge financing, buy and build and expansion stage investments in medium sized companies. The firm seeks to invest in future finance, technology, complementary business models, asset management & distribution, optics, photonics, sensor systems, optical technologies, optoelectronics, and sensor technology. It prefers to invest in German speaking countries with a focus on Germany, Austria, and Switzerland. The firm typically invests between €1 million ($1.14 million) and €7 million ($8.01 million) in its portfolio companies. It primarily invests in the form of shareholder’s equity for a period of three to seven years. The firm seeks to invest as a lead investor in stakes in excess of 25% and exits its investments via an IPO, trade sale, or a buy back. It makes balance sheet investments. Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG was founded in 1821 and is based in Jena, Germany.

Details
Name: Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG
EFF
Exchange: DB
Founded: 1821
€8,710,000
16,750,000
Website: http://www.dewb.de
Address: Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG
Fraunhoferstrasse 1,
Jena,
Thuringia, 07743,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA EFF Bearer Shares XETRA Trading Platform DE EUR 13. Jan 1992
DB EFF Bearer Shares Deutsche Boerse AG DE EUR 13. Jan 1992
Number of employees
Current staff
Staff numbers
2
Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 21:05
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2019/12/20
Last earnings filing: 2019/09/26
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.