Company Valuation: Commerzbank AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 8,377 11,066 13,345 18,629 39,584 40,099 - -
Change - 32.1% 20.59% 39.6% 112.49% 1.3% - -
Enterprise Value (EV) 8,377 11,066 13,345 18,629 39,584 40,099 40,099 40,099
Change - 32.1% 20.59% 39.6% 112.49% 1.3% 0% 0%
P/E ratio 29.1x - 6.6x 7.56x 17.5x 12.3x 9.95x 8.12x
PBR 0.33x - 0.48x 0.6x 1.31x 1.27x 1.21x 1.14x
PEG - - - 0.3x -18.2x 0.3x 0.4x 0.4x
Capitalization / Revenue 0.99x 1.17x 1.28x 1.68x 3.25x 3.03x 2.82x 2.64x
EV / Revenue 0x 0x 0x 0x 0x 3.03x 2.82x 2.64x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 6.42x 5.59x 5.05x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - - 0.35 0.65 1.1 1.471 1.837 2.281
Rate of return - - 3.25% 4.13% 3.05% 3.97% 4.95% 6.15%
EPS 2 0.23 - 1.63 2.08 2.06 3.023 3.73 4.569
Distribution rate - - 21.5% 31.3% 53.4% 48.7% 49.3% 49.9%
Net sales 1 8,459 9,461 10,461 11,106 12,171 13,253 14,240 15,193
EBITDA - - - - - - - -
EBIT 1 1,753 2,975 4,039 4,580 5,231 6,245 7,168 7,936
Net income 1 430 1,435 2,224 2,677 2,625 3,269 3,875 4,536
Net Debt - - - - - - - -
Reference price 2 6.69 8.84 10.76 15.72 36.10 37.10 37.10 37.10
Nbr of stocks (in thousands) 1,252,358 1,252,358 1,240,223 1,184,669 1,096,524 1,080,847 - -
Announcement Date 17/2/22 16/2/23 15/2/24 13/2/25 11/2/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.27x - - 3.97% 46.3B
14x - - 2.02% 837B
12.04x - - 2.19% 382B
5.72x - - 5.41% 368B
11.24x - - 4.61% 312B
5.73x - - 5.33% 300B
17.04x - - 2.5% 270B
6.05x - - 5.15% 270B
11.73x - - 2.29% 251B
16.45x - - 2.35% 227B
Average 11.23x 3.58% 326.18B
Weighted average by Cap. 11.38x 3.34%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Commerzbank AG