B+S BANKSYSTEME AG (DTD2.DE) Stock Fundamental Analysis
FRA:DTD2 - Deutsche Boerse Ag - DE0001262152 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to DTD2. DTD2 was compared to 103 industry peers in the Software industry. DTD2 scores excellent on profitability, but there are concerns on its financial health. DTD2 scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year DTD2 was profitable.
In the past year DTD2 had a positive cash flow from operations.
Of the past 5 years DTD2 4 years were profitable.
DTD2 had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
DTD2 has a Return On Assets of 6.15%. This is in the better half of the industry: DTD2 outperforms 66.35% of its industry peers.
DTD2 has a better Return On Equity (11.23%) than 71.15% of its industry peers.
DTD2 has a better Return On Invested Capital (8.15%) than 69.23% of its industry peers.
DTD2 had an Average Return On Invested Capital over the past 3 years of 2.95%. This is significantly below the industry average of 10.93%.
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 69.23% of its industry peers.
In the last couple of years the Profit Margin of DTD2 has grown nicely.
With a decent Operating Margin value of 17.40%, DTD2 is doing good in the industry, outperforming 75.96% of the companies in the same industry.
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 91.35% 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
DTD2 has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for DTD2 remains at a similar level compared to 1 year ago.
The number of shares outstanding for DTD2 remains at a similar level compared to 5 years ago.
DTD2 has a better debt/assets ratio than last year.
2.2 Solvency
DTD2 has an Altman-Z score of 1.67. This is a bad value and indicates that DTD2 is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of DTD2 (1.67) is comparable to the rest of the industry.
DTD2 has a debt to FCF ratio of 4.34. This is a neutral value as DTD2 would need 4.34 years to pay back of all of its debts.
The Debt to FCF ratio of DTD2 (4.34) is better than 62.50% of its industry peers.
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 comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 4.34 | ||
| Altman-Z | 1.67 |
ROIC/WACC1.12
WACC7.3%
2.3 Liquidity
A Current Ratio of 0.99 indicates that DTD2 may have some problems paying its short term obligations.
DTD2 has a Current ratio of 0.99. This is in the lower half of the industry: DTD2 underperforms 66.35% of its industry peers.
A Quick Ratio of 0.99 indicates that DTD2 may have some problems paying its short term obligations.
DTD2's Quick ratio of 0.99 is on the low side compared to the rest of the industry. DTD2 is outperformed by 65.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
DTD2 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 108.91%, which is quite impressive.
The Earnings Per Share has been growing by 86.02% on average over the past years. This is a very strong growth
Looking at the last year, DTD2 shows a quite strong growth in Revenue. The Revenue has grown by 8.82% in the last year.
DTD2 shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.04% yearly.
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
Based on estimates for the next years, DTD2 will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.20% on average per year.
DTD2 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.47% yearly.
EPS Next Y58.33%
EPS Next 2Y32.29%
EPS Next 3Y24.22%
EPS Next 5Y16.2%
Revenue Next Year7.44%
Revenue Next 2Y6.02%
Revenue Next 3Y5.73%
Revenue Next 5Y4.47%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 6.04, which indicates a rather cheap valuation of DTD2.
99.04% 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 27.30.
A Price/Forward Earnings ratio of 7.61 indicates a rather cheap valuation of DTD2.
Based on the Price/Forward Earnings ratio, DTD2 is valued cheaper than 96.15% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of DTD2 to the average of the S&P500 Index (21.76), we can say DTD2 is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.04 | ||
| Fwd PE | 7.61 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, DTD2 is valued cheaper than 95.19% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, DTD2 is valued cheaper than 95.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.97 | ||
| EV/EBITDA | 4.54 |
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 24.22% in the coming years.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y32.29%
EPS Next 3Y24.22%
5. Dividend
5.1 Amount
No dividends for DTD2!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FRA:DTD2 (7/11/2025, 7:00:00 PM)
1.63
-0.09 (-5.23%)
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 Cap10.12M
Analysts82.86
Price Target4.59 (181.6%)
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)0%
PT rev (3m)-4.26%
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 | 6.04 | ||
| Fwd PE | 7.61 | ||
| P/S | 0.78 | ||
| P/FCF | 7.97 | ||
| P/OCF | 8.2 | ||
| P/B | 0.67 | ||
| P/tB | 3.54 | ||
| EV/EBITDA | 4.54 |
EPS(TTM)0.27
EY16.56%
EPS(NY)0.21
Fwd EY13.14%
FCF(TTM)0.2
FCFY12.55%
OCF(TTM)0.2
OCFY12.19%
SpS2.08
BVpS2.45
TBVpS0.46
PEG (NY)0.1
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 | 1.67 |
F-Score6
WACC7.3%
ROIC/WACC1.12
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 Y58.33%
EPS Next 2Y32.29%
EPS Next 3Y24.22%
EPS Next 5Y16.2%
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 5Y4.47%
EBIT growth 1Y270.46%
EBIT growth 3Y103.31%
EBIT growth 5YN/A
EBIT Next Year141.67%
EBIT Next 3Y37.21%
EBIT Next 5Y22.61%
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