Financials Commerzbank LIQUIDNET SYSTEMS

Equities

COM

DE000CBK1001

Banks

Real-time Estimate Tradegate 10:14:29 2024-05-17 am EDT 5-day change 1st Jan Change
15.43 EUR +79.16% Intraday chart for Commerzbank 0.00% 0.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,909 6,595 8,377 11,066 13,345 17,966 - -
Enterprise Value (EV) 1 6,909 6,595 8,377 11,066 13,345 17,966 17,966 17,966
P/E ratio 10.8 x -2.3 x 29.1 x - 6.6 x 7.47 x 6.71 x 5.88 x
Yield 2.72% - - - - 3.88% 5.04% 5.99%
Capitalization / Revenue 0.8 x 0.81 x 0.99 x 1.17 x 1.28 x 1.63 x 1.56 x 1.52 x
EV / Revenue 0.8 x 0.81 x 0.99 x 1.17 x 1.28 x 1.63 x 1.56 x 1.52 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.24 x 0.27 x 0.33 x - - 0.6 x 0.56 x 0.52 x
Nbr of stocks (in thousands) 1,252,358 1,252,358 1,252,358 1,252,358 1,240,223 1,184,669 - -
Reference price 2 5.517 5.266 6.689 8.836 10.76 15.16 15.16 15.16
Announcement Date 2/13/20 2/11/21 2/17/22 2/16/23 2/15/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,643 8,186 8,459 9,461 10,461 11,018 11,494 11,827
EBITDA - - - - - - - -
EBIT 1 1,878 1,515 1,753 2,975 4,039 4,541 5,016 5,127
Operating Margin 21.73% 18.51% 20.72% 31.44% 38.61% 41.22% 43.64% 43.35%
Earnings before Tax (EBT) 1 1,112 -2,597 105 2,005 3,421 3,830 3,981 4,182
Net income 1 644 -2,870 430 1,435 2,224 2,401 2,534 2,672
Net margin 7.45% -35.06% 5.08% 15.17% 21.26% 21.79% 22.05% 22.59%
EPS 2 0.5100 -2.292 0.2300 - 1.630 2.031 2.261 2.579
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1500 - - - - 0.5881 0.7649 0.9086
Announcement Date 2/13/20 2/11/21 2/17/22 2/16/23 2/15/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 4,353 2,099 2,795 2,422 1,886 2,363 2,862 2,970 2,997 2,409 3,046 2,665 2,744 2,723 2,996
EBITDA - - - - - - - - - - - - - - -
EBIT 1 - 454 1,008 852 366 750 943 1,097 1,206 794 1,160 1,104 1,199 1,011 1,410
Operating Margin - 21.63% 36.06% 35.18% 19.41% 31.74% 32.95% 36.94% 40.24% 32.96% 38.08% 41.42% 43.7% 37.13% 47.06%
Earnings before Tax (EBT) -406 115 529 721 267 488 871 885 1,109 542 1,083 - - - -
Net income 1 - 421 298 470 195 472 580 565 684 395 747 586.1 474 479.3 -
Net margin - 20.06% 10.66% 19.41% 10.34% 19.97% 20.27% 19.02% 22.82% 16.4% 24.52% 21.99% 17.27% 17.6% -
EPS 2 - 0.3300 0.2400 0.2200 0.1600 - 0.4600 0.3000 0.5500 0.3200 0.6200 0.4940 0.4864 0.3120 -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 8/4/21 2/17/22 5/12/22 8/3/22 11/9/22 2/16/23 5/3/23 8/4/23 11/8/23 2/15/24 5/15/24 - - - -
1EUR in Million2EUR
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) 2.2% -10.1% 1% 4.7% - 8.36% 8.59% 8.71%
ROA (Net income/ Total Assets) 0.14% -0.59% 0.09% 0.3% - 0.42% 0.48% 0.49%
Assets 1 460,000 485,207 477,778 472,039 - 578,507 533,070 542,353
Book Value Per Share 2 22.80 19.90 20.60 - - 25.40 27.10 29.30
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/13/20 2/11/21 2/17/22 2/16/23 2/15/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
15.16 EUR
Average target price
15.16 EUR
Spread / Average Target
-0.04%
Consensus
-40% Limited Time Offer: Our subscriptions help you unlock hidden opportunities.
BENEFIT NOW