Original-Research: Borussia Dortmund GmbH & Co KGaA (von NuWays AG): Buy
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Original-Research: Borussia Dortmund GmbH & Co KGaA - from NuWays AG
Classification of NuWays AG to Borussia Dortmund GmbH & Co KGaA
UCL draw: 2 spanish giants but overall feasible opponents Topic: Last week Thursday, the draw for the league phase of the UEFA Champions League (UCL) took place in Monaco. In the newly formatted UCL, BVB will face last seasons final opponent Real Madrid (Away), FC Barcelona (Home), Shakhtar Donetsk (H), Club Brugge (A), Celtic Glasgow (H), Dinamo Zagreb (A), Sturm Graz (H) and Bologna FC (A). Here is our view. While BVB is seen to be the clear underdog in the away game at Madrid, which has further strengthened its squad during the summer by adding French superstar Kylian Mbappé, and the home game against Barcelona to be a duel at eye level, the other six opponents are expected to be weaker. Especially the games against Graz, Zagreb, Donetsk, Brugge and Glasgow should result in wins, as none of these teams provide even half of BVB’s squad value according to transfermarkt.de. On paper, the away game at Bologna could serve as another challenge, but the Italian side lost some key figures from last season with head coach Motta, striker Zirkzee and centre back Calafiori. Conservatively estimating 15 points out of the 8 matches, BVB could possibly make it directly into the round of 16, according to simulations conducted by Football Meets Data. Mind you, the UCL will be played under a new format this season with the number of participants increasing from 32 to 36 (Update on prize money details). Moreover, there will be no groups anymore, instead all teams will be ranked on one table. At the end of the league phase, the top 8 teams move directly into the round of 16, while the teams ranked 9-24 will play out the remaining participants in an intermediate round. In our model, we conservatively expect BVB to reach the round of 16, every progress beyond that is hence providing upside to our estimates. Besides this, BVB had a sound start to the new Bundesliga season. After winning the first game against a highly talented Frankfurt squad, BVB got another point this weekend at Bremen thanks to a 0-0 draw. Overall, the team should be equipped to land another top 4 spot at the end of the season to qualify for the UCL again. Also, another deep run in the UCL is possible, especially if the team manages to finish top 8 in the league phase. Reiterate BUY with an unchanged € 5.50 PT based on DCF. You can download the research here: http://www.more-ir.de/d/30679.pdf For additional information visit our website: www.nuways-ag.com/research Contact for questions: NuWays AG - Equity Research Web: www.nuways-ag.com Email: research@nuways-ag.com LinkedIn: https://www.linkedin.com/company/nuwaysag Adresse: Mittelweg 16-17, 20148 Hamburg, Germany ++++++++++ Diese Meldung ist keine Anlageberatung oder Aufforderung zum Abschluss bestimmter Börsengeschäfte. Offenlegung möglicher Interessenskonflikte nach § 85 WpHG beim oben analysierten Unternehmen befinden sich in der vollständigen Analyse. ++++++++++
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1979085 02.09.2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | ||
| Sales1 | 370,20 | 334,17 | 351,65 | 418,24 | 509,11 | 503,00 | 0,00 | |
| EBITDA1,2 | 62,99 | 38,95 | 80,76 | 123,22 | 150,26 | 117,00 | 0,00 | |
| EBITDA-Margin3 | 17,02 | 11,66 | 22,97 | 29,46 | 29,51 | 23,26 | 0,00 | |
| EBIT1,4 | -43,14 | -72,09 | -29,18 | 16,91 | 45,93 | 0,00 | 0,00 | |
| EBIT-Margin5 | -11,65 | -21,57 | -8,30 | 4,04 | 9,02 | 0,00 | 0,00 | |
| Net Profit (Loss)1 | -43,95 | -72,81 | -35,06 | 9,55 | 44,31 | 11,00 | 0,00 | |
| Net-Margin6 | -11,87 | -21,79 | -9,97 | 2,28 | 8,70 | 2,19 | 0,00 | |
| Cashflow1,7 | -0,36 | 15,95 | 35,07 | 54,43 | 47,20 | 41,00 | 0,00 | |
| Earnings per share8 | -0,48 | -0,79 | -0,33 | 0,09 | 0,40 | 0,12 | 0,26 | |
| Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,06 | 0,06 | 0,06 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Deloitte
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Borussia Dortmund | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| 549309 | DE0005493092 | GmbH & Co. KGaA | 346,64 Mio € | 30.10.2000 | Kaufen | 9F39FFX2+69 |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 12,08 | 25,09 | 0,49 | -39,25 | 1,08 | 7,34 | 0,69 |
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Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,00 | 0,06 | 0,06 | 1,91% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 25.11.2024 | 14.11.2024 | 14.02.2025 | 15.05.2025 | 27.09.2024 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -6,04% | -12,44% | -12,78% | -12,78% | -71,45% |
Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.
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