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German Startups Group GmbH KGaA

DB:GSJ
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GSJ
DB
€14M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

German Startups Group GmbH & Co. KGaA is a venture capital specializing in investing in seed/startups, early stage, growth capital, mid venture, and growth stage. The last earnings update was 170 days ago. More info.


Add to Portfolio Compare Print
  • German Startups Group GmbH KGaA is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • German Startups Group GmbH KGaA has significant price volatility in the past 3 months.
GSJ Share Price and Events
7 Day Returns
0.4%
DB:GSJ
12.3%
DE Capital Markets
7.2%
DE Market
1 Year Returns
-10.9%
DB:GSJ
-8.8%
DE Capital Markets
-17.5%
DE Market
GSJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
German Startups Group GmbH KGaA (GSJ) 0.4% -26.3% -30.2% -10.9% -34.9% -
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
  • GSJ underperformed the Capital Markets industry which returned -8.8% over the past year.
  • GSJ outperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
GSJ
Industry
5yr Volatility vs Market

Value

 Is German Startups Group GmbH KGaA 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 German Startups Group GmbH KGaA 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 German Startups Group GmbH KGaA.

DB:GSJ 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
= €2.45 * 0.3%
€0.01
Book Value of Equity per Share Median Book Value from the past 5 years. €2.45
Discount Rate (Cost of Equity) See below 5.2%
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:GSJ
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))
= 0.754 (1 + (1- 30%) (53.6%))
1.025
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.025 * 5.44%)
5.19%

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

The calculations below outline how an intrinsic value for German Startups Group GmbH KGaA 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:GSJ Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (0.3% – 5.19%) * €2.45)
€-0.12
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.12 / (5.19% - -0.39%)
€-2.14
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €2.45 + €-2.14
€0.31
DB:GSJ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:GSJ represents 0.9478x of XTRA:GSJ
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9478x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.31 x 0.9478
€0.29
Value per share (EUR) From above. €0.29
Current discount Discount to share price of €1.18
= -1 x (€1.18 - €0.29) / €0.29
-301.8%

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

  • The current share price of German Startups Group GmbH KGaA 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 German Startups Group GmbH KGaA's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are German Startups Group GmbH KGaA's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GSJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €-0.11
XTRA:GSJ Share Price ** XTRA (2020-03-27) in EUR €1.25
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 German Startups Group GmbH KGaA.

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

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

= 1.25 ÷ -0.11

-11.61x

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

  • German Startups Group GmbH KGaA is loss making, we can't compare its value to the DE Capital Markets industry average.
  • German Startups Group GmbH KGaA is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does German Startups Group GmbH KGaA's expected growth come at a high price?
Raw Data
DB:GSJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -11.61x
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 German Startups Group GmbH KGaA, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on German Startups Group GmbH KGaA's assets?
Raw Data
DB:GSJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €2.44
XTRA:GSJ Share Price * XTRA (2020-03-27) in EUR €1.25
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:GSJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.25 ÷ 2.44

0.51x

* Primary Listing of German Startups Group GmbH KGaA.

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

  • German Startups Group GmbH KGaA is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess German Startups Group GmbH KGaA'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. German Startups Group GmbH KGaA has a total score of 1/6, see the detailed checks below.

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

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

Future Performance

 How is German Startups Group GmbH KGaA 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 German Startups Group GmbH KGaA 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 German Startups Group GmbH KGaA expected to grow at an attractive rate?
  • Unable to compare German Startups Group GmbH KGaA's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare German Startups Group GmbH KGaA's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare German Startups Group GmbH KGaA's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:GSJ 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:GSJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (11 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:GSJ Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-28
DB:GSJ Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 16 0 -1
2018-12-31 16 0 -1
2018-09-30 15 0 0
2018-06-30 14 1 1
2018-03-31 14 -1 1
2017-12-31 14 -2 2
2017-09-30 12 -3 -1
2017-06-30 10 -5 -3
2017-03-31 10 -3 -3
2016-12-31 10 -1 -3
2016-09-30 13 0 0
2016-06-30 16 0 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if German Startups Group GmbH KGaA is high growth as no earnings estimate data is available.
  • Unable to determine if German Startups Group GmbH KGaA 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:GSJ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from German Startups Group GmbH KGaA Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GSJ Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-28
DB:GSJ Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 -0.11
2018-12-31 -0.05
2018-09-30 0.02
2018-06-30 0.08
2018-03-31 0.11
2017-12-31 0.14
2017-09-30 -0.06
2017-06-30 -0.25
2017-03-31 -0.27
2016-12-31 -0.29
2016-09-30 0.00
2016-06-30 0.34

*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 German Startups Group GmbH KGaA will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. German Startups Group GmbH KGaA'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. German Startups Group GmbH KGaA'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 German Startups Group GmbH KGaA'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.
German Startups Group GmbH KGaA 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.

Past Performance

  How has German Startups Group GmbH KGaA 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 German Startups Group GmbH KGaA'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.
  • German Startups Group GmbH KGaA does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare German Startups Group GmbH KGaA's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare German Startups Group GmbH KGaA's 1-year growth to the DE Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
German Startups Group GmbH KGaA'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 German Startups Group GmbH KGaA Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GSJ Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 16.18 -1.26 8.64
2018-12-31 16.27 -0.54 8.37
2018-09-30 15.10 0.23 8.09
2018-06-30 13.94 1.00 7.81
2018-03-31 13.93 1.31 7.62
2017-12-31 13.92 1.62 7.43
2017-09-30 12.00 -0.67 7.53
2017-06-30 10.08 -2.96 7.62
2017-03-31 9.90 -3.21 7.62
2016-12-31 9.72 -3.47 7.62
2016-09-30 12.80 -0.02 7.25
2016-06-30 15.87 3.43 6.89
2016-03-31 13.69 3.93 5.22
2015-12-31 10.57 3.65 3.58
2015-09-30 7.52 3.44 1.91
2015-06-30 4.47 3.23 0.23
2015-03-31 3.32 2.22 0.20
2014-12-31 2.55 1.43 0.14
2013-12-31 0.11 0.18 0.10

*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 German Startups Group GmbH KGaA has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if German Startups Group GmbH KGaA 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 German Startups Group GmbH KGaA 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 German Startups Group GmbH KGaA'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.
German Startups Group GmbH KGaA has a total score of 0/6, see the detailed checks below.

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

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

Health

 How is German Startups Group GmbH KGaA'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 German Startups Group GmbH KGaA's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • German Startups Group GmbH KGaA is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • German Startups Group GmbH KGaA's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of German Startups Group GmbH KGaA'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 0.9x 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 German Startups Group GmbH KGaA Company Filings, last reported 11 months ago.

DB:GSJ Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 30.56 7.24 2.49
2018-12-31 30.11 6.98 0.90
2018-09-30 30.11 6.98 0.90
2018-06-30 32.48 8.94 1.46
2018-03-31 32.48 8.94 1.46
2017-12-31 31.10 1.70 0.92
2017-09-30 31.10 1.70 0.92
2017-06-30 31.68 7.89 6.24
2017-03-31 31.68 7.89 6.24
2016-12-31 29.45 8.08 2.75
2016-09-30 29.45 8.08 2.75
2016-06-30 34.23 2.57 2.94
2016-03-31 34.23 2.57 2.94
2015-12-31 30.46 1.40 6.21
2015-09-30 30.46 1.40 6.21
2015-06-30 19.49 3.61 3.06
2015-03-31 14.67 0.00 0.67
2014-12-31 14.12 0.00 1.95
2013-12-31 6.01 0.00 1.87
  • German Startups Group GmbH KGaA's level of debt (23.7%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if German Startups Group GmbH KGaA's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (4.3%, less than 20% of total debt).
  • German Startups Group GmbH KGaA is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess German Startups Group GmbH KGaA'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. German Startups Group GmbH KGaA has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is German Startups Group GmbH KGaA'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 German Startups Group GmbH KGaA dividends.
If you bought €2,000 of German Startups Group GmbH KGaA 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 German Startups Group GmbH KGaA's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate German Startups Group GmbH KGaA'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:GSJ 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:GSJ Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-03-28

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

  • Unable to perform a dividend volatility check as German Startups Group GmbH KGaA has not reported any payouts.
  • Unable to verify if German Startups Group GmbH KGaA's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of German Startups Group GmbH KGaA's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as German Startups Group GmbH KGaA 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 German Startups Group GmbH KGaA'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 German Startups Group GmbH KGaA afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. German Startups Group GmbH KGaA has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of German Startups Group GmbH KGaA'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
Christoph Gerlinger
AGE 52
CEO Bio

Mr. Christoph Gerlinger is the Founder of German Startups Group GmbH & Co. KGaA and serves as its Managing Director and Chief Executive Officer. Mr. Gerlinger was a Chief Investment Officer at the firm. Mr. Gerlinger has been a Consultant at Frogster Interactive Pictures AG since January 2012. He founded Frogster Interactive Pictures AG in 2005, which he took public and served as its Chief Executive Officer from 2005 to December 2011 and Chairman of Executive Board until December 31, 2011. Previously, Mr. Gerlinger served as a Managing Director at German Startups Group Berlin GmbH. He served as an Advisor at Next Generation Finance Invest AG (now ayondo Holding AG). He founded Berliner Synchron Holding AG and served as its Chief Executive Officer. Before that, Mr. Gerlinger served as a Head of Operations at Infogrames/Atari. Mr. Gerlinger served as the Chief Financial Officer and Managing Director at CDV Software Entertainment AG from 1999 to 2001, which he co-founded and took public. He subsequently served on the Executive Board of cdv Software Entertainment AG, where he was principally responsible for the publisher's strategy and flotation, before spending a period as General Manager at Atari's German affairs. Mr. Gerlinger has brought two companies public. Previously, he served as the Chief Financial Officer at Psygnosis Deutschland. He joined the gaming sector in 1996 as a Commercial Director at the arm of Psygnosis. He served as the Chairman of Frogster America Inc. Mr. Gerlinger served as a Member of the Executive Board at Berliner Synchron Holding AG from January 1, 2013 to February 2014. He is an Entrepreneur who has founded and built up a number of companies. He was named one of the 50 most interesting founders by the German business magazine Wirtschaftswoche and was appointed external expert of the discussion group "Digitalisation" and member of the digital commission by the National board of the CDU and is alumnus of Singularity University's Executive Program class of 2017. He is a qualified Banker. He has gained over 20 years of management experience in the Internet industry. Mr. Gerlinger holds Master's degree in Business Administration from JW Goethe University.

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

Christoph Gerlinger

TITLE
Founder
AGE
52

Marcel Doeppes

TITLE
Investment Manager & Head of Operations
Board of Directors Tenure

Average tenure of the German Startups Group GmbH KGaA board of directors in years:

2.8
Average Tenure
  • The average tenure for the German Startups Group GmbH KGaA board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gerhard Koning

TITLE
Chairman of Supervisory Board
COMPENSATION
€10K

Martin Korbmacher

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€5K
AGE
54
TENURE
7.9 yrs

Markus Kronenberghs

TITLE
Member of Supervisory Board
TENURE
2.8 yrs

Reiner Sachs

TITLE
Member of Supervisory Board
AGE
60
TENURE
2.8 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 German Startups Group GmbH KGaA'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. German Startups Group GmbH KGaA has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Company Info

Description

German Startups Group GmbH & Co. KGaA is a venture capital specializing in investing in seed/startups, early stage, growth capital, mid venture, and growth stage. It also invests through secondary market. The firm seeks to invest in digital economy, Internet, software, mobile, apps, software, sharing economy, financial technology, health, and clean energy sectors. It prefers to invest in Germany, Austria, and Switzerland. The firm typically invests between €0.1 million ($0.10 million) and €3 million ($3.16 million). For seed and early stage investments, the firm invests around €0.1 million ($0.10 million); upto €0.5 million ($0.55 million) in early stage; for later stage and special situation investments, it prefers to invest between €0.25 million ($0.27 million) and €0.75 million ($0.82 million) in its portfolio companies; and for more mature startups in the growth stage typically range between €0.5 million ($0.55 million) and €2 million ($2.19 million) per financing round. It seeks to co-invest. The firm prefers to acquire a minority stake in seed and early stage investments and also takes majority stake. It seeks to also acquire ‘secondary shares’ of more mature startups from founders, business angels, and other early stage investors. The firm seeks to organize follow-on funding rounds together with co-investors. German Startups Group GmbH & Co. KGaA was founded in June 2012 and is based in Berlin, Germany.

Details
Name: German Startups Group GmbH & Co. KGaA
GSJ
Exchange: DB
Founded: 2012
€13,513,230
10,854,000
Website: http://www.german-startups.com
Address: German Startups Group GmbH & Co. KGaA
Platz der Luftbruecke 4-6,
Berlin,
Berlin, 12101,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA GSJ Common Shares XETRA Trading Platform DE EUR 11. Nov 2015
DB GSJ Common Shares Deutsche Boerse AG DE EUR 11. Nov 2015
BATS-CHIXE GSJD Common Shares BATS 'Chi-X Europe' GB EUR 11. Nov 2015
Number of employees
Current staff
Staff numbers
0
German Startups Group GmbH KGaA 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 23:17
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2019/12/10
Last earnings filing: 2019/10/10
Last earnings reported: 2019/03/31
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.