Company Valuation: Commerzbank

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,377 11,066 13,345 18,629 39,584 41,760 - -
Change - 32.1% 20.59% 39.6% 112.49% 5.5% - -
Enterprise Value (EV) 8,377 11,066 13,345 18,629 39,584 41,760 41,760 41,760
Change - 32.1% 20.59% 39.6% 112.49% 5.5% 0% 0%
P/E 29.1x - 6.6x 7.56x 17.5x 12.7x 10.4x 8.5x
PBR 0.33x - 0.48x 0.6x 1.31x 1.33x 1.27x 1.19x
PEG - - - 0.3x -18.2x 0.3x 0.5x 0.4x
Capitalization / Revenue 0.99x 1.17x 1.28x 1.68x 3.25x 3.15x 2.93x 2.75x
EV / Revenue 0x 0x 0x 0x 0x 3.15x 2.93x 2.75x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 6.69x 5.83x 5.26x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - - 0.35 0.65 1.1 1.476 1.844 2.281
Rate of return - - 3.25% 4.13% 3.05% 3.8% 4.75% 5.87%
EPS 2 0.23 - 1.63 2.08 2.06 3.056 3.747 4.569
Distribution rate - - 21.5% 31.3% 53.4% 48.3% 49.2% 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 3,299 3,887 4,536
Net Debt - - - - - - - -
Reference price 2 6.69 8.84 10.76 15.72 36.10 38.85 38.85 38.85
Nbr of stocks (in thousands) 1,252,358 1,252,358 1,240,223 1,184,669 1,096,524 1,079,918 - -
Announcement Date 2/17/22 A 2/16/23 A 2/15/24 A 2/13/25 A 2/11/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.66x - - 1.87% 902B
13.22x - - 1.98% 423B
5.59x - - 5.55% 365B
12.13x - - 4.24% 339B
18.81x - - 2.27% 294B
5.33x - - 5.71% 281B
12.43x - - 2.16% 267B
5.82x - - 5.37% 258B
14.04x - - 2.82% 241B
Average 11.34x 3.55% 374.34B
Weighted average by Cap. 11.93x 3.23%

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