B+S BANKSYSTEME AG (DTD2.DE) Stock Fundamental Analysis
FRA:DTD2 - Deutsche Boerse Ag - DE0001262152 - Common Stock - Currency: EUR
Taking everything into account, DTD2 scores 5 out of 10 in our fundamental rating. DTD2 was compared to 101 industry peers in the Software industry. DTD2 has an excellent profitability rating, but there are concerns on its financial health. DTD2 is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year DTD2 was profitable.
DTD2 had a positive operating cash flow in the past year.
DTD2 had positive earnings in 4 of the past 5 years.
DTD2 had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of DTD2 (6.15%) is better than 67.68% of its industry peers.
The Return On Equity of DTD2 (11.23%) is better than 66.67% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.15%, DTD2 is in the better half of the industry, outperforming 65.66% of the companies in the same industry.
DTD2 had an Average Return On Invested Capital over the past 3 years of 2.95%. This is significantly below the industry average of 11.53%.
The 3 year average ROIC (2.95%) for DTD2 is below the current ROIC(8.15%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.15% | ||
| ROE | 11.23% | ||
| ROIC | 8.15% |
ROA(3y)2.18%
ROA(5y)1.24%
ROE(3y)4.04%
ROE(5y)2.25%
ROIC(3y)2.95%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of DTD2 (13.23%) is better than 68.69% of its industry peers.
In the last couple of years the Profit Margin of DTD2 has grown nicely.
DTD2 has a Operating Margin of 17.40%. This is in the better half of the industry: DTD2 outperforms 75.76% of its industry peers.
In the last couple of years the Operating Margin of DTD2 has grown nicely.
DTD2 has a Gross Margin of 91.19%. This is amongst the best in the industry. DTD2 outperforms 90.91% of its industry peers.
In the last couple of years the Gross Margin of DTD2 has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.4% | ||
| PM (TTM) | 13.23% | ||
| GM | 91.19% |
OM growth 3Y90.37%
OM growth 5YN/A
PM growth 3Y74.14%
PM growth 5YN/A
GM growth 3Y-1.2%
GM growth 5Y-1.67%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so DTD2 is still creating some value.
The number of shares outstanding for DTD2 remains at a similar level compared to 1 year ago.
Compared to 5 years ago, DTD2 has about the same amount of shares outstanding.
The debt/assets ratio for DTD2 has been reduced compared to a year ago.
2.2 Solvency
DTD2 has an Altman-Z score of 1.74. This is a bad value and indicates that DTD2 is not financially healthy and even has some risk of bankruptcy.
DTD2 has a Altman-Z score (1.74) which is comparable to the rest of the industry.
The Debt to FCF ratio of DTD2 is 4.34, which is a neutral value as it means it would take DTD2, 4.34 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 4.34, DTD2 perfoms like the industry average, outperforming 58.59% of the companies in the same industry.
DTD2 has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
DTD2 has a Debt to Equity ratio (0.30) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 4.34 | ||
| Altman-Z | 1.74 |
ROIC/WACC1.13
WACC7.21%
2.3 Liquidity
DTD2 has a Current Ratio of 0.99. This is a bad value and indicates that DTD2 is not financially healthy enough and could expect problems in meeting its short term obligations.
DTD2 has a worse Current ratio (0.99) than 66.67% of its industry peers.
DTD2 has a Quick Ratio of 0.99. This is a bad value and indicates that DTD2 is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of DTD2 (0.99) is worse than 65.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 108.91% over the past year.
DTD2 shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 86.02% yearly.
DTD2 shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.82%.
The Revenue has been growing slightly by 7.04% on average over the past years.
EPS 1Y (TTM)108.91%
EPS 3Y86.02%
EPS 5YN/A
EPS Q2Q%138.1%
Revenue 1Y (TTM)8.82%
Revenue growth 3Y6.8%
Revenue growth 5Y7.04%
Sales Q2Q%3.23%
3.2 Future
DTD2 is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.25% yearly.
Based on estimates for the next years, DTD2 will show a small growth in Revenue. The Revenue will grow by 5.80% on average per year.
EPS Next Y16.67%
EPS Next 2Y15.47%
EPS Next 3Y14.47%
EPS Next 5Y14.25%
Revenue Next Year7.44%
Revenue Next 2Y6.02%
Revenue Next 3Y5.73%
Revenue Next 5Y5.8%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 6.89, the valuation of DTD2 can be described as very cheap.
97.98% of the companies in the same industry are more expensive than DTD2, based on the Price/Earnings ratio.
DTD2's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.35.
The Price/Forward Earnings ratio is 11.40, which indicates a very decent valuation of DTD2.
Based on the Price/Forward Earnings ratio, DTD2 is valued cheaply inside the industry as 92.93% of the companies are valued more expensively.
DTD2 is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.89 | ||
| Fwd PE | 11.4 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, DTD2 is valued cheaper than 92.93% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of DTD2 indicates a rather cheap valuation: DTD2 is cheaper than 92.93% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.09 | ||
| EV/EBITDA | 4.98 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of DTD2 may justify a higher PE ratio.
A more expensive valuation may be justified as DTD2's earnings are expected to grow with 14.47% in the coming years.
PEG (NY)0.41
PEG (5Y)N/A
EPS Next 2Y15.47%
EPS Next 3Y14.47%
5. Dividend
5.1 Amount
No dividends for DTD2!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FRA:DTD2 (3/5/2025, 7:00:00 PM)
1.86
0 (0%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners11.11%
Inst Owner ChangeN/A
Ins Owners56.39%
Ins Owner ChangeN/A
Market Cap11.55M
Analysts82.86
Price Target4.79 (157.53%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)9.3%
PT rev (3m)9.3%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.89 | ||
| Fwd PE | 11.4 | ||
| P/S | 0.9 | ||
| P/FCF | 9.09 | ||
| P/OCF | 9.36 | ||
| P/B | 0.76 | ||
| P/tB | 4.04 | ||
| EV/EBITDA | 4.98 |
EPS(TTM)0.27
EY14.52%
EPS(NY)0.16
Fwd EY8.77%
FCF(TTM)0.2
FCFY11%
OCF(TTM)0.2
OCFY10.68%
SpS2.08
BVpS2.45
TBVpS0.46
PEG (NY)0.41
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.15% | ||
| ROE | 11.23% | ||
| ROCE | 10.96% | ||
| ROIC | 8.15% | ||
| ROICexc | 8.54% | ||
| ROICexgc | 23.09% | ||
| OM | 17.4% | ||
| PM (TTM) | 13.23% | ||
| GM | 91.19% | ||
| FCFM | 9.84% |
ROA(3y)2.18%
ROA(5y)1.24%
ROE(3y)4.04%
ROE(5y)2.25%
ROIC(3y)2.95%
ROIC(5y)N/A
ROICexc(3y)3.25%
ROICexc(5y)N/A
ROICexgc(3y)10.17%
ROICexgc(5y)N/A
ROCE(3y)3.98%
ROCE(5y)N/A
ROICexcg growth 3Y118.37%
ROICexcg growth 5YN/A
ROICexc growth 3Y110.38%
ROICexc growth 5YN/A
OM growth 3Y90.37%
OM growth 5YN/A
PM growth 3Y74.14%
PM growth 5YN/A
GM growth 3Y-1.2%
GM growth 5Y-1.67%
F-Score6
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 4.34 | ||
| Debt/EBITDA | 1.42 | ||
| Cap/Depr | 3.62% | ||
| Cap/Sales | 0.28% | ||
| Interest Coverage | 9.93 | ||
| Cash Conversion | 38.09% | ||
| Profit Quality | 74.4% | ||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z | 1.74 |
F-Score6
WACC7.21%
ROIC/WACC1.13
Cap/Depr(3y)2.14%
Cap/Depr(5y)4.94%
Cap/Sales(3y)0.26%
Cap/Sales(5y)0.74%
Profit Quality(3y)3082.14%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)108.91%
EPS 3Y86.02%
EPS 5YN/A
EPS Q2Q%138.1%
EPS Next Y16.67%
EPS Next 2Y15.47%
EPS Next 3Y14.47%
EPS Next 5Y14.25%
Revenue 1Y (TTM)8.82%
Revenue growth 3Y6.8%
Revenue growth 5Y7.04%
Sales Q2Q%3.23%
Revenue Next Year7.44%
Revenue Next 2Y6.02%
Revenue Next 3Y5.73%
Revenue Next 5Y5.8%
EBIT growth 1Y270.46%
EBIT growth 3Y103.31%
EBIT growth 5YN/A
EBIT Next Year108.33%
EBIT Next 3Y32.76%
EBIT Next 5Y22.04%
FCF growth 1Y-9.42%
FCF growth 3Y62.88%
FCF growth 5YN/A
OCF growth 1Y-14.19%
OCF growth 3Y57.27%
OCF growth 5YN/A