Edison issues report on Deutsche Beteiligungs (DBAN)
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Edison Investment Research Limited
London, UK, 19 March 2025
Edison issues report on Deutsche Beteiligungs (DBAN) Edison issues report on Deutsche Beteiligungs (FRA: DBAN) We see early signs that macroeconomic and sector headwinds affecting Deutsche Beteiligungs’ (DBAG’s) recent performance may be gradually abating. Although its NAV per share fell by 4.8% in the short financial year (SFY24, from 1 October 2024 to 31 December 2024), management believes DBAG’s broad portfolio is on the verge of earnings growth, as restructuring measures and the portfolio shift away from more traditional industrial holdings are bearing fruit. Sentiment towards German equities is improving across the market cap spectrum following the recent parliamentary elections. Moreover, the European private equity (PE) market is gradually rebounding, with a rise in deal activity and robust fund-raising. This should be put in the context of DBAG’s wide 24% discount to the NAV of its private markets investments, on top of which DBAG’s shares offer exposure to its fund services business generating recurring earnings (guided at €8–13m in FY25). 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: +44 (0)20 3077 5700 Connect with Edison on:
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2103094 19-March-2025
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 | 2024 | 2025e | ||
| Sales1 | 76,60 | 12,44 | 220,46 | -55,73 | 155,44 | 108,68 | 0,00 | |
| EBITDA1,2 | 88,02 | -13,92 | 10,58 | -93,33 | 112,81 | 60,66 | 0,00 | |
| EBITDA-Margin3 | 114,91 | -111,90 | 4,80 | 167,47 | 72,58 | 55,82 | 0,00 | |
| EBIT1,4 | 44,91 | -15,33 | 186,44 | -94,81 | 110,78 | 55,16 | 0,00 | |
| EBIT-Margin5 | 58,63 | -123,23 | 84,57 | 170,12 | 71,27 | 50,76 | 0,00 | |
| Net Profit (Loss)1 | 45,86 | -16,76 | 185,13 | -97,56 | 105,79 | 47,51 | 0,00 | |
| Net-Margin6 | 59,87 | -134,73 | 83,97 | 175,06 | 68,06 | 43,72 | 0,00 | |
| Cashflow1,7 | -12,30 | -6,70 | -7,64 | 29,54 | 9,35 | 13,05 | 0,00 | |
| Earnings per share8 | 3,05 | -1,11 | 10,76 | -5,19 | 5,63 | 2,50 | 2,45 | |
| Dividend per share8 | 1,50 | 0,80 | 1,60 | 0,80 | 1,00 | 1,25 | 1,00 | |
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 | ||||||
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| Deutsche Beteiligungs AG | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A1TNUT | DE000A1TNUT7 | AG | 465,42 Mio € | 19.12.1985 | Kaufen | 9F2C4M4F+P6 |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 9,17 | 9,32 | 0,98 | 8,29 | 0,74 | 35,68 | 4,28 |
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Dividend '2023 in € |
Dividend '2024 in € |
Dividend '2025e in € |
Div.-Yield '2025e in % |
| 1,00 | 1,25 | 1,00 | 4,04% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 02.06.2026 | 07.05.2026 | 06.08.2026 | 05.11.2025 | 10.03.2026 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| +2,09% | -0,02% | +7,61% | -0,20% | +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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