Financials Deutsche Pfandbriefbank AG

Equities

PBB

DE0008019001

Banks

Real-time Estimate Tradegate 11:57:09 26/06/2024 BST 5-day change 1st Jan Change
5.275 EUR +0.19% Intraday chart for Deutsche Pfandbriefbank AG -3.31% -15.09%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,958 1,183 1,421 977.6 833.1 708 - -
Enterprise Value (EV) 1 1,958 1,183 1,421 977.6 833.1 708 708 708
P/E ratio 12.1 x 11.9 x 6.69 x 5.72 x - 9.62 x 6.12 x 4.96 x
Yield - 2.96% 11.2% 13.1% - 5.38% 8.29% 10.8%
Capitalization / Revenue 3.87 x 2.24 x 2.41 x 1.84 x 1.38 x 1.29 x 1.31 x 1.29 x
EV / Revenue 3.87 x 2.24 x 2.41 x 1.84 x 1.38 x 1.29 x 1.31 x 1.29 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.67 x 0.39 x 0.46 x 0.29 x - 0.23 x 0.22 x 0.21 x
Nbr of stocks (in thousands) 134,475 134,475 134,475 134,475 134,475 134,475 - -
Reference price 2 14.56 8.795 10.57 7.270 6.195 5.265 5.265 5.265
Announcement Date 04/03/20 09/03/21 09/03/22 09/03/23 07/03/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 506 529 591 531 603 550.6 542.3 550.1
EBITDA - - - - - - - -
EBIT 1 304 325 323 257 302 264.2 278.3 301.6
Operating Margin 60.08% 61.44% 54.65% 48.4% 50.08% 47.98% 51.31% 54.82%
Earnings before Tax (EBT) 1 216 154 242 213 90 126.5 165.8 206.9
Net income 1 179 117 212 171 91 98 132.4 160.9
Net margin 35.38% 22.12% 35.87% 32.2% 15.09% 17.8% 24.42% 29.25%
EPS 2 1.200 0.7400 1.580 1.270 - 0.5474 0.8603 1.062
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 0.2600 1.180 0.9500 - 0.2834 0.4362 0.5681
Announcement Date 04/03/20 09/03/21 09/03/22 09/03/23 07/03/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 - 149 123 128 131 119 140 156 188 146
EBITDA - - - - - - - - - -
EBIT 87 60 66 71 60 34 - - - -
Operating Margin - 40.27% 53.66% 55.47% 45.8% 28.57% - - - -
Earnings before Tax (EBT) 1 56 42 65 52 54 32 49 - - 34
Net income 1 53 36 56 44 35 27 42 - - 29
Net margin - 24.16% 45.53% 34.38% 26.72% 22.69% 30% - - 19.86%
EPS - 0.2400 - - - - - - - -
Dividend per Share - - - - - - - - - -
Announcement Date 09/03/22 11/05/22 09/08/22 14/11/22 09/03/23 15/05/23 10/08/23 14/11/23 07/03/24 14/05/24
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 5.7% 3.4% 7% 5.5% 2.2% 2.3% 3.66% 4.17%
ROA (Net income/ Total Assets) 0.31% - 0.36% 0.31% 0.18% 0.15% 0.35% 0.37%
Assets 1 57,295 - 58,726 55,700 52,000 67,586 37,831 43,486
Book Value Per Share 2 21.80 22.40 23.10 25.50 - 23.30 24.00 24.80
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 04/03/20 09/03/21 09/03/22 09/03/23 07/03/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
5.265 EUR
Average target price
6.033 EUR
Spread / Average Target
+14.59%
Consensus

Quarterly revenue - Rate of surprise

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