Edison issues report on Deutsche Beteiligungs (DBAN)
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Edison Investment Research Limited
London, UK, 18 December 2024
Edison issues report on Deutsche Beteiligungs (DBAN) Edison issues report on Deutsche Beteiligungs (FRA: DBAN). Deutsche Beteiligungs (DBAG) reported an 8.5% NAV total return (TR) in FY24 (to end-September 2024), supported by positive movements in valuation multiples, which offset the negative impact from changes in earnings and the higher net debt of portfolio companies. DBAG’s portfolio remains affected by the subdued macroeconomic environment in Germany, although its continued portfolio shift away from more traditional industrial holdings likely provided a cushion. Following the convertible bond and promissory loan note issues earlier this year, along with several successful exits, DBAG’s strong balance sheet positions the company well to explore the many attractively priced investment opportunities that management sees in the current market environment. DBAG’s shares now trade at a 38% discount to the last reported NAV of its private markets investments, on top of which DBAG’s shares offer exposure to the company’s fund services business. Therefore, we consider the discount wide even considering the market headwinds. Click here to read the full report. All reports published by Edison are available to download free of charge from its website Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities. For more information, please contact Edison: Connect with Edison on:
LinkedIn www.linkedin.com/company/edison-group-/ YouTube www.youtube.com/edisonitv
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2053985 18-Dec-2024
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 | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 59,95 | 76,60 | 12,44 | 220,46 | -55,73 | 155,44 | 108,68 | |
| EBITDA1,2 | 50,53 | 88,02 | -13,92 | 10,58 | -93,33 | 112,81 | 60,66 | |
| EBITDA-Margin3 | 84,29 | 114,91 | -111,90 | 4,80 | 167,47 | 72,58 | 55,82 | |
| EBIT1,4 | 30,09 | 44,91 | -15,33 | 186,44 | -94,81 | 110,78 | 55,16 | |
| EBIT-Margin5 | 50,19 | 58,63 | -123,23 | 84,57 | 170,12 | 71,27 | 50,76 | |
| Net Profit (Loss)1 | 29,69 | 45,86 | -16,76 | 185,13 | -97,56 | 105,79 | 47,51 | |
| Net-Margin6 | 49,53 | 59,87 | -134,73 | 83,97 | 175,06 | 68,06 | 43,72 | |
| Cashflow1,7 | 9,86 | -12,30 | -6,70 | -7,64 | 29,54 | 9,35 | 13,05 | |
| Earnings per share8 | 1,97 | 3,05 | -1,11 | 10,76 | -5,19 | 5,63 | 2,50 | |
| Dividend per share8 | 1,45 | 1,50 | 0,80 | 1,60 | 0,80 | 1,00 | 0,80 | |
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: BDO
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 | ||||||
| Deutsche Beteiligungs AG | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A1TNUT | DE000A1TNUT7 | AG | 407,13 Mio € | 19.12.1985 | Kaufen | 9F2C4M4F+P6 |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 8,17 | 9,87 | 0,83 | 7,25 | 0,61 | 31,21 | 3,75 |
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Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,80 | 1,00 | 0,80 | 3,70% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 27.05.2025 | 08.05.2025 | 07.08.2025 | 06.11.2025 | 28.11.2024 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -9,41% | -14,86% | -26,24% | -22,95% | +0,00% |
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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