Added to YB: 2024-03-20
Pitch date: 2024-03-17
DB [bullish]
Deutsche Bank Aktiengesellschaft
+99.97%
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, the rest of Europe, the Americas, the Asia-Pacific, the Middle East, and Africa.
Market Cap
EUR 49.7B
Pitch Price
EUR 12.84
Price Target
34.00 (+32%)
Dividend
3.79%
EV/EBITDA
N/A
P/E
9.00
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)