Added to YB: 2024-03-20
Pitch date: 2024-03-17
DB [bullish]
Deutsche Bank Aktiengesellschaft
+146.04%
current return
Author Info
Under the Hood is a private investor (ex-NYSE, Bridgewater, Alliance Bernstein) writing about stocks. Sign up for their newsletter.
Company Info
Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.
Market Cap
EUR 56.0B
Pitch Price
EUR 12.84
Price Target
34.00 (+8%)
Dividend
2.31%
EV/EBITDA
N/A
P/E
11.79
EV/Sales
N/A
Sector
Capital Markets
Category
turnaround
With a checkmate move, this Under-loved Turnaround story might get Momentum - $DB
DB: Turnaround success with steady revenue growth & cost control, yet market doesn't appreciate it trading at 0.45x TBV & 5x NTM P/E. Plans to distribute 50% of net income to shareholders via 3-5% dividends & 5-7% buybacks at 55% discount to TBV to amplify mispricing. Key risks: US CRE exposure manageable at ~€1B potential reserve, reputation risk in crisis.
Read full article (7 min)