DCF Deutsch Bank

Company Code
Company Code DB CROX

Company Name Deutsche Bank Aktiengesellschaft CRS
Denominator 1,000,000 CRSP
CRSR
Profile
Symbol Price Beta Volavg Mktcap Lastdiv
DB 13.38 1.19 2871547 26884969200 0.48
Income Statement - FY
Date Symbol ReportedcurreCik Fillingdate Accepteddate
2023-12-31 DB EUR 1159508 2023-12-31 ###
2022-12-31 DB EUR 1159508 2023-03-20 ###
2021-12-31 DB EUR 1159508 2022-03-14 ###
2020-12-31 DB EUR 1159508 2021-03-15 ###
2019-12-31 DB EUR 1159508 2020-03-20 ###
2018-12-31 DB EUR 1159508 2019-03-25 ###
2017-12-31 DB EUR 1159508 2018-03-16 ###
2016-12-31 DB EUR 1159508 2017-03-20 ###
2015-12-31 DB EUR 1159508 2016-03-11 ###
2014-12-31 DB EUR 1159508 2014-12-31 ###
Balance Sheet - FY
2023-12-31 DB EUR 1159508 2023-12-31 ###
2022-12-31 DB EUR 1159508 2023-03-20 ###
2021-12-31 DB EUR 1159508 2022-03-14 ###
2020-12-31 DB EUR 1159508 2021-03-15 ###
2019-12-31 DB EUR 1159508 2020-03-20 ###
2018-12-31 DB EUR 1159508 2019-03-25 ###
2017-12-31 DB EUR 1159508 2018-03-16 ###

2016-12-31 DB EUR 1159508 2017-03-20 ###
2015-12-31 DB EUR 1159508 2016-03-11 ###
2014-12-31 DB EUR 1159508 2014-12-31 ###
Cash Flow - FY
2023-12-31 DB EUR 1159508 2023-12-31 ###
2022-12-31 DB EUR 1159508 2023-03-20 ###
2021-12-31 DB EUR 1159508 2022-03-14 ###
2020-12-31 DB EUR 1159508 2021-03-15 ###
2019-12-31 DB EUR 1159508 2020-03-20 ###
2018-12-31 DB EUR 1159508 2019-03-25 ###
2017-12-31 DB EUR 1159508 2018-03-16 ###
2016-12-31 DB EUR 1159508 2017-03-20 ###
2015-12-31 DB EUR 1159508 2016-03-11 ###
2014-12-31 DB EUR 1159508 2014-12-31 ###
Ratios - FY
Symbol Date Calendaryear Period Currentratio Quickratio
DB 2023-12-31 2023 FY 0 0
DB 2022-12-31 2022 FY 2.419506061 3.176331087
DB 2021-12-31 2021 FY 3.923995041 3.923995041
DB 2020-12-31 2020 FY 2.727964937 2.727964937
DB 2019-12-31 2019 FY 3.210427621 3.210427621
DB 2018-12-31 2018 FY 10.48163984 2.913648558

Income Statement - Q
2023-12-31 DB EUR 1159508 2023-12-31 ###
2023-09-30 DB EUR 1159508 2023-10-25 ###
2023-06-30 DB EUR 1159508 2023-07-26 ###
2023-03-31 DB EUR 1159508 2023-04-27 ###
2022-12-31 DB EUR 1159508 2023-03-23 ###
2022-09-30 DB EUR 1159508 2022-10-26 ###
2022-06-30 DB EUR 1159508 2022-07-27 ###
2022-03-31 DB EUR 1159508 2022-04-27 ###
2021-12-31 DB EUR 1159508 2022-03-14 ###
2021-09-30 DB EUR 1159508 2021-09-30 ###
2021-06-30 DB EUR 1159508 2021-06-30 ###
2021-03-31 DB EUR 1159508 2021-03-31 ###
Cash Flow - Q
2023-12-31 DB EUR 1159508 2023-12-31 ###
2023-09-30 DB EUR 1159508 2023-10-25 ###
2023-06-30 DB EUR 1159508 2023-07-26 ###
2023-03-31 DB EUR 1159508 2023-04-27 ###
2022-12-31 DB EUR 1159508 2023-03-23 ###
2022-09-30 DB EUR 1159508 2022-10-26 ###
2022-06-30 DB EUR 1159508 2022-07-27 ###
2022-03-31 DB EUR 1159508 2022-04-27 ###
2021-12-31 DB EUR 1159508 2022-03-14 ###
2021-09-30 DB EUR 1159508 2021-10-27 ###

2021-06-30 DB EUR 1159508 2021-07-28 ###
2021-03-31 DB EUR 1159508 2021-04-28 ###
Balance Sheet - Q
2023-12-31 DB EUR 1159508 2023-12-31 ###
2023-09-30 DB EUR 1159508 2023-10-25 ###
2023-06-30 DB EUR 1159508 2023-07-26 ###
2023-03-31 DB EUR 1159508 2023-04-27 ###
2022-12-31 DB EUR 1159508 2023-03-23 ###
2022-09-30 DB EUR 1159508 2022-10-26 ###
2022-06-30 DB EUR 1159508 2022-07-27 ###
2022-03-31 DB EUR 1159508 2022-04-27 ###
2021-12-31 DB EUR 1159508 2022-03-14 ###
2021-09-30 DB EUR 1159508 2021-09-30 ###
2021-06-30 DB EUR 1159508 2021-06-30 ###
2021-03-31 DB EUR 1159508 2021-03-31 ###
Treasury rates
2024-02-11 2024 2 11
Date Month1 Month2 Month3 Month6 Year1
2024-02-23 5.49 5.51 5.46 5.32 5
2024-02-22 5.49 5.51 5.45 5.32 5.02
2024-02-21 5.5 5.5 5.44 5.32 4.98
2024-02-20 5.49 5.49 5.44 5.32 4.97

2024-02-16 5.48 5.51 5.44 5.31 4.98
2024-02-15 5.49 5.51 5.43 5.3 4.93
2024-02-14 5.48 5.51 5.43 5.31 4.94
2024-02-13 5.48 5.52 5.45 5.32 4.99
2024-02-12 5.49 5.51 5.43 5.27 4.87
Market Risk Premium
Country Continent Totalequityris Countryriskpremium
Abu Dhabi 5.75 0.75
British Virgin Islands North America17.13 11.19
Bulgaria Europe 7.43 2.43
Burkina Faso Africa 16.38 11.38
Cambodia Asia 13.35 8.35
Cameroon Africa 13.35 8.35
Channel Islands Africa 7.45 1.51
Chile South America6.28 1.28
China Asia 6.07 1.07
Colombia South America7.89 2.89
Congo (Democratic RepublicSouth America14.86 9.86
Congo (Republic of) South America18.66 13.66
Cook Islands Oceania 13.35 8.35
Costa Rica North America13.35 8.35
Côte d'Ivoire Africa 10.46 5.46
Croatia Europe 7.89 2.89
Cuba North America23.21 18.21

Curacao North America7.89 2.89
Cyprus Asia 8.8 3.8
Czech Republic Europe 5.91 0.91
Laos Asia 20.18 15.18
Latvia Europe 6.82 1.82
Lebanon Asia 29.82 24.82
Liberia Africa 20.18 15.18
Libya Africa 7.89 2.89
Liechtenstein Europe 5 0
Macao Asia 5.91 0.91
Yemen, Republic Asia 20.18 15.18
Zimbabwe Africa 16.38 11.38
Jersey Europe 4.24 0
Denmark Europe 5 0
Dominican Republic North America10.46 5.46
Ecuador South America20.18 15.18
Egypt Africa 14.86 9.86
El Salvador North America20.18 15.18
Estonia Europe 6.07 1.07
Ethiopia Africa 18.66 13.66
Fiji Oceania 11.83 6.83
Finland Europe 5.61 0.61
Guyana South America7.43 2.43
Haiti North America23.21 18.21
Honduras North America11.83 6.83
Hong Kong Asia 5.91 0.91
Hungary Europe 7.89 2.89
Iceland Europe 6.28 1.28

Falkland Islands South America12.51 6.57
India Asia 8.33 3.33
Indonesia Asia 7.89 2.89
Iraq Asia 16.38 11.38
Ireland Europe 5.91 0.91
Isle of Man Europe 5.91 0.91
Israel Asia 6.07 1.07
Italy Europe 8.33 3.33
Jamaica North America13.35 8.35
Japan Asia 6.07 1.07
Jordan Asia 11.83 6.83
Kazakhstan Asia 7.89 2.89
Kenya Africa 14.86 9.86
Korea, D.P.R. Africa 23.21 18.21
Kuwait Asia 6.07 1.07
Kyrgyzstan Asia 14.86 9.86
Ivory Coast Africa 12.15 6.21
Albania Europe 11.83 6.83
Algeria Africa 10.46 5.46
Canada North America5 0
Cape Verde Africa 14.86 9.86
Cayman Islands North America5.91 0.91
France Europe 5.75 0.75
French Guiana South America12.51 6.57
Gabon Africa 16.38 11.38
Gambia Africa 13.35 8.35
Georgia Asia 9.57 4.57
Germany Europe 5 0
Uruguay South America7.89 2.89
Gibraltar Europe 7.45 1.51
Uzbekistan Asia 10.46 5.46
Greenland North America7.45 1.51
Venezuela South America29.82 24.82
Vietnam Asia 9.57 4.57
Zambia Africa 23.21 18.21
Guernsey Europe 4.84 0.6
Ghana Africa 23.21 18.21
Greece Europe 10.46 5.46
Guatemala North America8.8 3.8
Guernsey (States of) North America5.75 0.75
Guinea Africa 18.66 13.66
Guinea-Bissau Africa 13.35 8.35
Jersey (States of) Africa 5.91 0.91
Korea Africa 5.75 0.75
Lithuania Europe 6.28 1.28
South Korea Asia 6.79 0.85
Luxembourg Europe 5 0
Macedonia Europe 10.46 5.46
Madagascar Africa 14.86 9.86
Malawi Africa 23.21 18.21
Malaysia Asia 6.82 1.82
Maldives Asia 16.38 11.38
South Africa Africa 9.57 4.57
Sri Lanka Asia 23.21 18.21
St. Maarten Asia 9.57 4.57
St. Vincent & the GrenadineAsia 14.86 9.86

Sudan Africa 29.82 24.82
Suriname South America20.18 15.18
Swaziland Africa 14.86 9.86
Sweden Europe 5 0
Switzerland Europe 5 0
Syria Asia 29.82 24.82
Taiwan Asia 5.91 0.91
Tajikistan Asia 14.86 9.86
Tanzania Africa 13.35 8.35
Thailand Asia 7.43 2.43
Togo Africa 14.86 9.86
Trinidad and Tobago North America9.57 4.57
Tunisia Africa 18.66 13.66
Turkey Asia 14.86 9.86
Turks and Caicos Islands North America7.43 2.43
Yemen Asia 30.63 24.69
Uganda Africa 13.35 8.35
Ukraine Europe 23.21 18.21
United Arab Emirates Asia 5.75 0.75
United Kingdom Europe 5.91 0.91
United States North America5 0
Andorra (Principality of) North America7.89 2.89
Angola Africa 14.86 9.86
Iran Asia 14.86 9.86
Anguilla North America17.13 11.19
Antigua & Barbuda North America17.13 11.19
Argentina South America23.21 18.21
Armenia Asia 10.46 5.46

Aruba North America7.89 2.89
Australia Oceania 5 0
Austria Europe 5.61 0.61
Azerbaijan Asia 8.8 3.8
Bahamas North America11.83 6.83
Bahrain Asia 13.35 8.35
Bangladesh Asia 11.83 6.83
Barbados North America16.38 11.38
Belarus Europe 29.82 24.82
Belgium Europe 5.91 0.91
Belize North America18.66 13.66
Benin Africa 11.83 6.83
Bermuda North America6.28 1.28
Bolivia South America16.38 11.38
Bosnia and Herzegovina Europe 14.86 9.86
Botswana Africa 6.82 1.82
Brazil South America9.57 4.57
Brunei Asia 5.91 0.91
Martinique North America17.13 11.19
Mali Africa 18.66 13.66
Malta Europe 6.28 1.28
Mauritius Africa 8.33 3.33
Mexico North America7.89 2.89
Moldova Europe 14.86 9.86
Mongolia Asia 14.86 9.86
Netherlands Antilles Asia 17.13 11.19
Montenegro Europe 11.83 6.83
Montserrat North America8.33 3.33

Morocco Africa 8.8 3.8
Mozambique Africa 18.66 13.66
Myanmar Asia 20.18 15.18
Namibia Africa 11.83 6.83
Netherlands Europe 5 0
Palestinian Authority Europe 8.45 2.51
New Zealand Oceania 5 0
Nicaragua North America14.86 9.86
Niger Africa 14.86 9.86
Nigeria Africa 16.38 11.38
Norway Europe 5 0
Oman Asia 9.57 4.57
Pakistan Asia 20.18 15.18
Panama North America7.89 2.89
Papua New Guinea Oceania 13.35 8.35
Reunion Oceania 7.45 1.51
Paraguay South America8.8 3.8
Peru South America7.43 2.43
Philippines Asia 7.89 2.89
Saint Lucia North America17.13 11.19
Poland Europe 6.28 1.28
Portugal Europe 7.89 2.89
Qatar Asia 5.91 0.91
Ras Al Khaimah (Emirate of)Asia 6.82 1.82
Romania Europe 8.33 3.33
Russia Europe 23.21 18.21
Rwanda Africa 13.35 8.35
Saudi Arabia Asia 6.07 1.07

Senegal Africa 10.46 5.46
Serbia Europe 9.57 4.57
Sharjah Europe 8.8 3.8
Sierra Leone Africa 23.21 18.21
Singapore Asia 5 0
Slovakia Europe 6.28 1.28
Slovenia Europe 6.82 1.82
Solomon Islands Oceania 16.38 11.38
Somalia Africa 23.21 18.21
Spain Europe 7.43 2.43

Range Changes CompanynameCurrency Cik Isin Cusip
8.85-14.02 0.16 Deutsche BankUSD 1159508 DE000514000D18190898
Calendaryear Period Revenue CostofrevenueGrossprofit GrossprofitratResearchandd
2023 FY 27376000000 0 27376000000 1 0
2022 FY 26656000000 0 26656000000 1 0
2021 FY 25303000000 0 25303000000 1 0
2020 FY 23891000000 0 23891000000 1 0
2019 FY 22948000000 0 22948000000 1 0
2018 FY 25095000000 0 25095000000 1 0
2017 FY 26310000000 0 26310000000 1 0
2016 FY 29576000000 0 29576000000 1 0
2015 FY 33360000000 0 33360000000 1 0
2014 FY 31331000000 0 31331000000 1 0
Calendaryear Period Cashandcasheq

Shortterminve CashandshorttNetreceivableInventory
2023 FY 1.78416E+11 0 1.78416E+11 0 0
2022 FY 1.86091E+11 25450000000 2.17766E+11 ### 0
2021 FY 1.99363E+11 23377000000 2.2274E+11 ### 0
2020 FY 1.75338E+11 55834000000 2.31172E+11 986000000 0
2019 FY 1.47228E+11 39214000000 1.86442E+11 ### 0
2018 FY 1.97612E+11 44993000000 2.42605E+11 ### 0
2017 FY 2.3492E+11 49358000000 2.80995E+11 1215000000 85773000000

2016 FY 1.9297E+11 52665000000 2.45635E+11 1.09092E+11 561000000
2015 FY 1.09782E+11 73583000000 1.79289E+11 9046000000 90388000000
2014 FY 83573000000 60415000000 1.43988E+11 1.20829E+11 0
Calendaryear Period Netincome DepreciationanDeferredincomStockbasedcoChangeinworki
2023 FY 4892000000 0 0 0 0
2022 FY 5659000000 0 -852000000 0 -1.1557E+10
2021 FY 2510000000 0 19000000 0 -9353000000
2020 FY 624000000 0 -296000000 0 26705000000
2019 FY -5265000000 0 1868000000 0 -4.2031E+10
2018 FY 341000000 0 276000000 0 -5.7211E+10
2017 FY -735000000 0 1234000000 0 36662000000
2016 FY -1356000000 0 -312000000 0 67748000000
2015 FY -6772000000 0 -987000000 0 65575000000
2014 FY 1691000000 0 673000000 0 -7868000000
Cashratio DaysofsalesouDaysofinventorOperatingcycl DaysofpayableCashconversiGrossprofitmar
0 0 0 0 1
2.052647834 1046.444703 0 0 1
2.629286242 1078.901514 0 0 1
2.060303397 15.06383157 0 0 1
1.865416535 1064.731785 0 0 1
1.840785453 1020.763698 0 0 1
Calendaryear Period Revenue CostofrevenueGrossprofit GrossprofitratResearchandd
2023 Q4 6170000000 0 6170000000 1 0
2023 Q3 6886000000 0 7009000000 1 0
2023 Q2 7009000000 0 7009000000 1 0
2023 Q1 7309000000 0 7309000000 1 0
2022 Q4 6091000000 0 6091000000 1 0
2022 Q3 6824000000 0 6824000000 1 0
2022 Q2 6579000000 0 6579000000 1 0
2022 Q1 7292000000 0 7292000000 1 0
2021 Q4 5846000000 0 5846000000 1 0
2021 Q3 6049000000 0 6049000000 1 0
2021 Q2 6164000000 0 6164000000 1 0
2021 Q1 7499000000 0 7499000000 1 0
Calendaryear Period Netincome DepreciationanDeferredincomStockbasedcoChangeinworki
2023 Q4 1429000000 0 0 0 0
2023 Q3 1031000000 0 0 0 0
2023 Q2 900000000 0 0 0 0
2023 Q1 1159000000 0 0 0 0
2022 Q4 1825000000 0 0 434000000 0
2022 Q3 1209000000 0 0 0 0
2022 Q2 1179000000 0 0 0 0
2022 Q1 1187000000 0 0 0 0
2021 Q4 145000000 0 0 490000000 0
2021 Q3 306000000 0 0 0 0
2021 Q2 795000000 0 0 0 0
2021 Q1 1002000000 0 0 0 0
Calendaryear Period Cashandcasheq

Shortterminve CashandshorttNetreceivableInventory
2023 Q4 0 0 0 0 0
2023 Q3 1.75887E+11 32820000000 2.08707E+11 1563000000 0
2023 Q2 1.71153E+11 29824000000 2.00977E+11 1552000000 0
2023 Q1 1.6664E+11 29087000000 1.95727E+11 1594000000 0
2022 Q4 1.86091E+11 25450000000 2.17766E+11 ### 0
2022 Q3 1.91642E+11 35109000000 2.26751E+11 1493000000 0
2022 Q2 1.84972E+11 31515000000 2.16487E+11 1326000000 0
2022 Q1 1.77706E+11 31475000000 2.09181E+11 1237000000 0
2021 Q4 1.99363E+11 23377000000 2.2274E+11 ### 0
2021 Q3 2.04462E+11 32564000000 2.37026E+11 1057000000 0
2021 Q2 2.06627E+11 37186000000 2.43813E+11 1036000000 0
2021 Q1 1.91778E+11 41671000000 2.33449E+11 958000000 0
Year2 Year3 Year5 Year7 Year10 Year20 Year30
4.67 4.45 4.28 4.28 4.26 4.51 4.37
4.69 4.49 4.33 4.35 4.33 4.58 4.47
4.64 4.43 4.3 4.33 4.32 4.59 4.49
4.59 4.38 4.25 4.28 4.27 4.56 4.44

4.64 4.43 4.29 4.31 4.3 4.58 4.45
4.56 4.36 4.22 4.25 4.24 4.54 4.42
4.56 4.38 4.25 4.27 4.27 4.57 4.45
4.64 4.44 4.31 4.33 4.31 4.59 4.46
4.46 4.25 4.13 4.16 4.17 4.48 4.37

Exchange ExchangeshorIndustry Website Description Ceo Sector
New York StocNYSE Banks—Region

https://www.db.com
Deutsche BankMr. Christian Financial Serv
Generalandadm
SellingandmarSellinggeneralOtherexpenseOperatingexpeCostandexpenInterestincome
10112000000 0 21243000000 0 21697000000 21697000000 0
16814000000 165000000 16979000000 0 16979000000 16979000000 24299000000
17392000000 178000000 17570000000 -3.9628E+10 -2.2058E+10 -2.2058E+10 16599000000
20730000000 174000000 20730000000 -4.3747E+10 -2.3017E+10 -2.3017E+10 17954000000
23395000000 251000000 23395000000 -4.9103E+10 -2.5708E+10 -2.5708E+10 25149000000
19467000000 278000000 19745000000 0 19745000000 19745000000 24792000000
24226000000 309000000 24226000000 0 24226000000 24226000000 24092000000
20591000000 285000000 20876000000 0 20876000000 20876000000 25430000000
32181000000 294000000 32181000000 0 32181000000 32181000000 25967000000
27455000000 313000000 27455000000 0 27455000000 27455000000 14272000000
OthercurrentasTotalcurrentasPropertyplant Goodwill IntangibleasseGoodwillandintLongterminves
0 1.78416E+11 6185000000 0 7327000000 7327000000 0
0 2.1935E+11 6103000000 2919000000 4173000000 7092000000 1.44289E+11
0 2.97533E+11 5535000000 2805000000 4019000000 6824000000 1.42248E+11
0 2.32158E+11 5549000000 2739000000 3986000000 6725000000 2.41222E+11
0 2.53383E+11 4929000000 2881000000 4148000000 7029000000 1.75453E+11
8.12439E+11 1.12523E+12 2422000000 3876000000 5265000000 9141000000 2.11349E+11
8.62364E+11 1.23035E+12 2663000000 3781000000 5058000000 8839000000 3.2937E+11

9.96385E+11 1.35167E+12 2804000000 4103000000 4879000000 8982000000 2.27087E+11
1.06121E+12 1.33994E+12 2846000000 4890000000 5188000000 10078000000 3.79884E+11
1.16043E+12 1.42525E+12 2908000000 9518000000 5433000000 14951000000 2.65593E+11
AccountsreceiInventory AccountspayabOtherworkingca
OthernoncashiNetcashprovide
Investmentsin
0 0 0 0 -4892000000 0 0
0 0 0 -1.1557E+10 4637000000 -2113000000 -337000000
0 0 0 -9353000000 3872000000 -2952000000 -550000000
0 0 0 26705000000 3703000000 30736000000 -512000000
0 0 0 -4.2031E+10 4979000000 -4.0449E+10 -327000000
0 0 0 -5.7211E+10 2528000000 -5.4066E+10 -465000000
0 0 0 36662000000 2415000000 39576000000 -485000000
0 0 0 67748000000 4530000000 70610000000 -725000000
0 0 0 65575000000 9436000000 67252000000 -432000000
0 0 0 -7868000000 4874000000 -630000000 -669000000
OperatingprofiPretaxprofitmaNetprofitmargiEffectivetaxratReturnonassetReturnonequit Returnoncapit
0.212334222 0.196613456 0.169396447 -0.138429024 0.003727718 0.066963247 0.004672602
0.599377251 0.209858944 0.207270408 -0.011440829 0.004133041 0.078327686 0.012821305
0.128245663 0.133976208 0.093467178 0.259587021 0.001786263 0.035653445 0.002599808
0.036582814 0.041982336 0.020216818 0.389830508 0.000364539 0.00797056 0.000704919
-0.120271919 -0.114781245 -0.229388182 -0.998481397 -0.004050359 -0.094 -0.002260974
0.512293286 0.052998605 0.01063957 0.743609023 0.000198051 0.003974989 0.010361183

Generalandadm
SellingandmarSellinggeneralOtherexpenseOperatingexpeCostandexpenInterestincome
2295000000 0 5153000000 0 5471000000 5471000000 0
2399000000 0 5164000000 0 5164000000 5164000000 0
2657000000 0 5469000000 0 5604000000 5604000000 0
2760000000 0 5456000000 0 5457000000 5457000000 0
5154000000 0 5154000000 0 5154000000 5154000000 8218000000
4958000000 0 4958000000 0 4958000000 4958000000 6411000000
4907000000 0 4907000000 0 4907000000 4907000000 5245000000
5395000000 0 5395000000 0 5395000000 5395000000 4425000000
5408000000 0 5408000000 0 5408000000 5408000000 4268000000
5360000000 0 5360000000 0 5360000000 5360000000 4147000000
4912000000 0 4912000000 0 4912000000 4912000000 3950000000
5479000000 0 5479000000 0 5479000000 5479000000 4275000000
AccountsreceiInventory AccountspayabOtherworkingca
OthernoncashiNetcashprovide
Investmentsin
0 0 0 0 -1429000000 0 0
0 0 0 0 -1031000000 0 0
0 0 0 0 -900000000 0 0
0 0 0 0 -1159000000 0 0
0 0 0 0 -2259000000 434000000 0
0 0 0 0 -1209000000 0 0
0 0 0 0 -1179000000 0 0
0 0 0 0 -1187000000 0 0
0 0 0 0 -635000000 490000000 0
0 0 0 0 -306000000 0 0
0 0 0 0 -795000000 0 0
0 0 0 0 -1002000000 0 0
OthercurrentasTotalcurrentasPropertyplant Goodwill IntangibleasseGoodwillandintLongterminves
0 0 0 0 0 0 0
0 2.1027E+11 6132000000 0 0 7333000000 235442000000
0 2.02529E+11 6010000000 0 0 7141000000 231393000000
0 1.97321E+11 6101000000 0 0 7088000000 241083000000
0 2.1935E+11 6103000000 2919000000 4173000000 7092000000 144289000000
0 2.28244E+11 5955000000 0 0 7399000000 228660000000
0 2.17813E+11 5595000000 0 0 7155000000 2.25472E+11
0 2.10418E+11 5563000000 0 0 6902000000 2.282E+11
0 2.97533E+11 5535000000 2805000000 4019000000 6824000000 1.42248E+11
8.39959E+11 1.07804E+12 5317000000 0 0 6725000000 2.35974E+11
8.29393E+11 1.07424E+12 5378000000 0 0 6846000000 2.33918E+11
8.33865E+11 1.06827E+12 5457000000 0 0 6852000000 2.36811E+11

Country Fulltimeemplo Phone Address City State Zip
DE 90130 49 6 991 000 Taunusanlage Frankfurt am Main 60325
InterestexpensDepreciationanEbitda Ebitdaratio Operatinginco Operatinginco Totalotherinc
0 0 0 0 6132000000 0.2239918177 -453000000
10649000000 133000000 16110000000 0.604366747 15977000000 0.599377251 -1.0383E+10
5445000000 0 3245000000 0.128245663 3245000000 0.128245663 145000000
6405000000 0 874000000 0.036582814 874000000 0.036582814 129000000
11400000000 0 -2760000000 -0.120271919 -2760000000 -0.120271919 126000000
11600000000 0 12856000000 0.512293286 12856000000 0.512293286 -1.1526E+10
11714000000 1000000 12927000000 0.491334094 12926000000 0.491296085 -1.1698E+10
10930000000 0 10074000000 0.340614011 10074000000 0.340614011 -1.0884E+10
10086000000 -1000000 3966000000 0.118884892 3967000000 0.118914868 -1.0064E+10
10729000000 0 13817000000 0.441000926 13817000000 0.441000926 -1.0701E+10
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Netcashusedfor
DebtrepaymenCommonstocki
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0 0 0 0 0 0 0
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0 0 0 0 0 0 0
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Dcfdiff Dcf Image Ipodate Defaultimage Isetf Isactivelytradi
91.5845 105.014 1996-11-18 0 0 1
IncomebeforetIncomebeforeta
Incometaxexp Netincome Netincomerati Eps Epsdiluted
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Totalcurrentliab
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Netcashusedpro
Effectofforex NetchangeincaCashatendofpe
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InterestcoveraCashflowtodebt
Companyequitym
Receivablestu PayablesturnoInventoryturnoFixedassetturn
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Effectofforex NetchangeincaCashatendofpe
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Totalcurrentliab
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Isadr Isfund
0 FALSE
WeightedaveraWeightedaveraLink Finallink
2105418719 2104000000
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Othernoncurrent
Totalnoncurrent
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CashatbeginniOperatingcashCapitalexpendiFreecashflow Link Finallink
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Assetturnover OperatingcashFreecashflowpCashpersharePayoutratio OperatingcashfFreecashflowop
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WeightedaveraWeightedaveraLink Finallink
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2096400000 2143600000
2096400000 2141800000
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CashatbeginniOperatingcashCapitalexpendiFreecashflow Link Finallink
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Othernoncurrent
Totalnoncurrent
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Retainedearni AccumulatedotOthertotalstoc TotalstockholdTotalequity Totalliabilitie Minorityinteres
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CashflowcoverShorttermcoveCapitalexpendiDividendpaidaDividendpayoutPricebookvaluePricetobookrat
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Retainedearni AccumulatedotOthertotalstoc TotalstockholdTotalequity Totalliabilitie Minorityinteres
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Totalliabilities TotalinvestmenTotaldebt Netdebt Link Finallink
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1.7087E+12 3.26008E+11 1.97786E+11 1.14213E+11
PricetosalesratPriceearningsrPricetofreecasPricetooperati PricecashflowrPriceearningstPricesalesratio
0.89291774 5.271171586 0 0 0 -1.417359471 0.89291774
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Totalliabilities TotalinvestmenTotaldebt Netdebt Link Finallink
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1.32606E+12 2.68538E+11 1.51089E+11 -5.3373E+10
1.32038E+12 2.71104E+11 1.52567E+11 -5.406E+10
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Dividendyield EnterprisevaluPricefairvalue
0 142.5111378 0.352974764
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Deutsche Bank Aktiengesellschaft
DE | Financial Services | Banks—Regional
Quick Look Stock Price per Sha

0.26
Country DE Currency USD Exchange NYSE
Avg Volume 2.9M FTEs 90,130 EV/EBITDA 142.5x
Price 13 ROE 6.7% P/E 5.3x
Market Cap 26.9B ROA 0.4% P/B 0.4x
Beta 1.19 Gross Margi 100.0% Debt/Equity 2.8x
52 Week 8.85-14.02 DPS 0.0% Current Ratio -
2019
P/E - Price / Earnings Ratio EV/EBITDA
-2.78 39.09 9.78 4.07 5.27 -5.03
2019 2020 2021 2022 2023 2019
P/B - Price Book Value Ratio Debt / E
0.26 0.31 0.35 0.32 0.35 2.62

2019 2020 2021 2022 2023 2019
Stock Price per Share / Intrinsic Value - Price Fair Value
0.31 0.35 0.32 0.35
2020 2021 2022 2023

EV/EBITDA - Enterprise Value Multiplier
-4.28 -6.17 -1.07 142.51
2020 2021 2022 2023
Debt / Equity - Debt Equity Ratio
2.52 2.35 2.08 2.82

2020 2021 2022 2023
About the Company
Company Name
CEO
Country
Sector
Industry
Website
Exchange
Description
About the Company
Deutsche Bank Aktiengesellschaft

Mr. Christian Sewing
DE
Financial Services
Banks—Regional
https://www.db.com
New York Stock Exchange
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals,
corporate entities, and institutional clients worldwide. Its Corporate Bank segment provides cash management, trade finance
and lending, trust and agency, foreign exchange, and securities services, as well as risk management solutions. The
company's Investment Bank segment offers merger and acquisitions, and equity advisory services. This segment also focuses
on financing, advisory, fixed income, risk management, sales and trading, and currencies. Its Private Bank segment provides
payment and account services, and credit and deposit products, as well as investment advice, such as environmental, social,
and governance products. This segment also provides wealth management, postal and parcel services, and digital offerings.
The company's Asset Management segment provides investment solutions, such as alternative investments, which include
real estate, infrastructure, private equity, liquid real assets, and sustainable investments; passive investments; and various
services, including insurance and pension solutions, asset liability management, portfolio management solutions, asset
allocation advisory, structuring, and overlay to institutions, governments, corporations and foundations, and individual
investors. As of December 31, 2021, it operated 1,709 branches in 58 countries. The company was founded in 1870 and is
headquartered in Frankfurt am Main, Germany.
Income Statement - (USD 'MM)
Year 2014 2015 2016 2017 2018
Revenue 31,331 33,360 29,576 26,310 25,095
Cost of Revenue - - - - -
Gross Profit 31,331 33,360 29,576 26,310 25,095
Gross Margin, % 100.0% 100.0% 100.0% 100.0% 100.0%
EBITDA 13,817 3,966 10,074 12,927 12,856
EBITDA, % 44.1% 11.9% 34.1% 49.1% 51.2%
Operating Income (EBIT) 13,817 3,967 10,074 12,926 12,856
EBIT, % 44.1% 11.9% 34.1% 49.1% 51.2%
Profit Before Tax 3,116 (6,097) (810) 1,228 1,330
Earnings Before Tax, % 9.9% -18.3% -2.7% 4.7% 5.3%
Net Profit After Tax 1,663 (6,794) (1,402) (751) 267
Profit Margin, % 5.3% -20.4% -4.7% -2.9% 1.1%
Cash Flow Statement - (USD 'MM)

Year 2014 2015 2016 2017 2018
Net Income 1,691 (6,772) (1,356) (735) 341
Depreciation & Amortization - - - - -
Deferred income taxes 673 (987) (312) 1,234 276
Stock-based compensation - - - - -
Change in working capital (7,868) 65,575 67,748 36,662 (57,211)
Other non-cash items 4,874 9,436 4,530 2,415 2,528
Operating Cash Flow (630) 67,252 70,610 39,576 (54,066)
Investments in PPE (669) (432) (725) (485) (465)
Acquisitions 1,931 555 2,023 82 114
Investment purchases (34,236) (29,760) (21,720) (13,484) (41,341)
Sales/Maturities of investments 20,843 22,178 32,934 17,535 50,155
Other Investing Activites (693) (783) (1,273) (1,215) (935)
Investing Cash Flow (12,824) (8,242) 11,239 2,433 7,528
Debt repayment (3,142) (2,043) (1,102) (176) (1,171)
Dividends payments (765) (1,034) (936) (392) (227)
Common Stock Repurchased (9,190) (14,291) (6,104) (8,578) (6,852)
Common Stock Issuance 16,826 8,316 4,983 15,508 3,912
Other Financing Activites 4,748 3,469 1,510 776 1,004
Financing Cash Flow 8,477 (5,583) (1,649) 7,138 (3,334)
Cash at beginning of period 56,041 51,960 105,478 185,649 229,025
Net cash flow / Change in cash (4,081) 53,518 80,171 43,376 (48,203)
Cash at end of period 51,960 105,478 185,649 229,025 180,822
Balance Sheet Statement - (USD 'MM)

Year 2014 2015 2016 2017 2018
Cash and cash equivalents 83,573 109,782 192,970 234,920 197,612
Short Term Investments 60,415 73,583 52,665 49,358 44,993
Cash and Short Term Investments 143,988 179,289 245,635 280,995 242,605
Account Receivables 120,829 9,046 109,092 1,215 70,181
Inventory - 90,388 561 85,773 -
Other Current Assets 1,160,434 1,061,213 996,385 862,364 812,439
Total Current Assets 1,425,251 1,339,936 1,351,673 1,230,347 1,125,225
Goodwill 9,518 4,890 4,103 3,781 3,876
Intangible Assets 5,433 5,188 4,879 5,058 5,265
Goodwill and Intangible Assets 14,951 10,078 8,982 8,839 9,141
Long Term Investments 265,593 379,884 227,087 329,370 211,349
Property, Plant & Equipment Net 2,908 2,846 2,804 2,663 2,422
Other non-current Assets - (103,614) - (96,487) -
Total non-current Assets 283,452 289,194 238,873 244,385 222,912
Total assets 1,708,703 1,629,130 1,590,546 1,474,732 1,348,137
Short Term debt 42,931 28,010 17,295 18,411 14,158
Account Payables 146,163 137,244 124,731 109,365 93,194
Deferred revenue 1,608 1,699 1,329 1,001 944
Other Current Liabilities (1,608) (1,699) (1,329) (1,001) (944)
Total current liabilities 189,094 165,254 142,026 127,776 107,352
Long Term debt 154,855 160,016 178,830 159,715 157,690
Deferred Revenue Non Current - - - - -
Deferred Tax Liabilities Non Current 1,175 746 486 346 512
Other non-current Liabilities - 8,789 - 6,448 -
Total non-current liabilities 156,030 169,551 179,316 166,509 158,202
Total liabilities 1,635,480 1,561,506 1,525,728 1,406,633 1,279,399
Common Stock 3,531 3,531 3,531 5,291 5,291
Retained earnings 29,279 21,182 18,987 17,454 16,714
Other Income/Loss 1,923 4,404 3,550 520 253
Other Stockholders Equity 38,237 38,237 38,434 44,584 44,912
Total shareholders equity 72,970 67,354 64,502 67,849 67,170
Minority Interest 253 270 316 250 1,568
Total Equity 72,970 67,354 64,502 67,849 68,738
Total debt 197,786 188,026 196,125 178,126 171,848
Total Investments 326,008 345,776 279,752 278,960 256,342
Net Debt 114,213 78,244 3,155 (56,794) (25,764)
USD 'MM)
2019 2020 2021 2022 2023
22,948 23,891 25,303 26,656 27,376
- - - - -
22,948 23,891 25,303 26,656 27,376
100.0% 100.0% 100.0% 100.0% 100.0%
(2,760) 874 3,245 16,110 -
-12.0% 3.7% 12.8% 60.4% 0.0%
(2,760) 874 3,245 15,977 6,132
-12.0% 3.7% 12.8% 59.9% 22.4%
(2,634) 1,003 3,390 5,594 5,679
-11.5% 4.2% 13.4% 21.0% 20.7%
(5,264) 483 2,365 5,525 4,274
-22.9% 2.0% 9.3% 20.7% 15.6%
(USD 'MM)
2019 2020 2021 2022 2023
(5,265) 624 2,510 5,659 4,892
- - - - -
1,868 (296) 19 (852) -
- - - - -
(42,031) 26,705 (9,353) (11,557) -
4,979 3,703 3,872 4,637 (4,892)
(40,449) 30,736 (2,952) (2,113) -
(327) (512) (550) (337) -
1,762 5 (5) 439 -
(76,719) (86,723) (54,067) (59,858) -
65,890 86,358 79,113 43,644 -
(886) (1,020) (896) (1,063) -
(10,280) (1,892) 23,595 (17,175) -
(2,182) (1,821) (721) (697) -
(227) (1,684) (1,146) (406) -
(13,713) (955) (850) (695) -
1,191 76 35 2,716 -
12,129 4,073 4,312 (304) -
(2,802) (311) 1,630 614 -
180,822 128,869 156,328 179,946 165,626
(51,953) 27,459 23,618 (14,320) -
128,869 156,328 179,946 165,626 165,626
- (USD 'MM)
2019 2020 2021 2022 2023
147,228 175,338 199,363 186,091 178,416
39,214 55,834 23,377 25,450 -
186,442 231,172 222,740 217,766 178,416
66,941 986 74,793 76,422 -
- - - - -
- - - - -
253,383 232,158 297,533 219,350 178,416
2,881 2,739 2,805 2,919 -
4,148 3,986 4,019 4,173 7,327
7,029 6,725 6,824 7,092 7,327
175,453 241,222 142,248 144,289 -
4,929 5,549 5,535 6,103 6,185
(187,411) (253,496) (154,607) 63,974 (13,512)
187,411 253,496 154,607 228,683 13,512
1,299,638 1,324,961 1,323,993 1,336,788 1,312,331
5,218 3,553 4,034 5,122 -
73,707 81,550 71,790 85,537 -
- - - - -
(78,925) (85,103) (75,824) (90,659) -
78,925 85,103 75,824 90,659 -
141,235 149,163 152,155 141,257 206,155
- - - - -
545 561 501 650 -
(141,780) (149,724) (152,656) (51,248) (206,155)
141,780 149,724 152,656 90,659 206,155
1,242,000 1,262,776 1,255,962 1,264,460 206,155
5,291 5,291 5,291 5,291 64,486
9,644 10,014 12,607 17,800 -
421 (1,118) (444) (1,314) -
40,644 46,411 48,879 48,760 8,569
56,000 60,598 66,333 70,537 73,055
1,638 1,587 1,698 1,791 1,763
57,638 62,185 68,031 72,328 74,818
146,453 152,716 156,189 146,379 -
214,667 297,056 165,625 247,163 -
(775) (22,622) (43,174) (39,712) (178,416)
Income Statement - (USD 'MM)
Year 2021-Q1 2021-Q2 2021-Q3 2021-Q4 2022-Q1 2022-Q2
Revenue 7,499 6,164 6,049 5,846 7,292 6,579
Cost of Revenue - - - - - -
Gross Profit 7,499 6,164 6,049 5,846 7,292 6,579
Gross Margin, % 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
EBITDA 3,348 2,425 1,905 1,375 3,166 3,389
EBITDA, % 44.6% 39.3% 31.5% 23.5% 43.4% 51.5%
Operating Income (EBIT) 3,348 2,425 1,905 1,428 3,206 3,357
EBIT, % 44.6% 39.3% 31.5% 24.4% 44.0% 51.0%
Profit Before Tax 1,905 1,165 554 82 1,658 1,547
Earnings Before Tax, % 25.4% 18.9% 9.2% 1.4% 22.7% 23.5%
Net Profit After Tax 1,208 795 306 263 1,060 1,046
Profit Margin, % 16.1% 12.9% 5.1% 4.5% 14.5% 15.9%
Cash Flow Statement - (USD 'MM)

Year 2021-Q1 2021-Q2 2021-Q3 2021-Q4 2022-Q1 2022-Q2
Net Income 1,002 795 306 145 1,187 1,179
Depreciation & Amortization - - - - - -
Deferred income taxes - - - - - -
Stock-based compensation - - - 490 - -
Change in working capital - - - - - -
Other non-cash items (1,002) (795) (306) (635) (1,187) (1,179)
Operating Cash Flow - - - 490 - -
Investments in PPE - - - - - -
Acquisitions - - - - - -
Investment purchases - - - - - -
Sales/Maturities of investments - - - - - -
Other Investing Activites - - - - - -
Investing Cash Flow - - - - - -
Debt repayment - - - - - -
Dividends payments - - - - - -
Common Stock Repurchased - - - - - -
Common Stock Issuance - - - - - -
Other Financing Activites - - - - - -
Financing Cash Flow - - - - - -
Cash at beginning of period - - - - - -
Net cash flow / Change in cash - - - 490 - -
Cash at end of period - - - 490 - -
Balance Sheet Statement - (USD 'MM)

Year 2021-Q1 2021-Q2 2021-Q3 2021-Q4 2022-Q1 2022-Q2
Cash and cash equivalents 191,778 206,627 204,462 199,363 177,706 184,972
Short Term Investments 41,671 37,186 32,564 23,377 31,475 31,515
Cash and Short Term Investments 233,449 243,813 237,026 222,740 209,181 216,487
Account Receivables 958 1,036 1,057 74,793 1,237 1,326
Inventory - - - - - -
Other Current Assets 833,865 829,393 839,959 - - -
Total Current Assets 1,068,272 1,074,242 1,078,042 297,533 210,418 217,813
Goodwill - - - 2,805 - -
Intangible Assets - - - 4,019 - -
Goodwill and Intangible Assets 6,852 6,846 6,725 6,824 6,902 7,155
Long Term Investments 236,811 233,918 235,974 142,248 228,200 225,472
Property, Plant & Equipment Net 5,457 5,378 5,317 5,535 5,563 5,595
Other non-current Assets 6,852 6,846 6,725 - - -
Total non-current Assets 249,120 246,142 248,016 154,607 240,665 238,222
Total assets 1,317,392 1,320,384 1,326,058 1,323,993 1,343,066 1,386,660
Short Term debt 4,723 3,428 3,128 4,034 4,456 5,189
Account Payables - - - 71,790 - -
Deferred revenue - - - - - -
Other Current Liabilities - - - - - -
Total current liabilities 4,723 3,428 3,128 75,824 4,456 5,189
Long Term debt 149,296 149,139 147,961 152,155 143,414 143,923
Deferred Revenue Non Current - - - - - -
Deferred Tax Liabilities Non Current 560 509 526 501 641 882
Other non-current Liabilities - - - - - -
Total non-current liabilities 149,856 149,648 148,487 152,656 144,055 144,805
Total liabilities 1,253,641 1,255,156 1,260,122 1,255,962 1,274,333 1,317,775
Common Stock 5,291 5,291 5,291 5,291 5,291 5,291
Retained earnings 11,320 11,800 12,182 12,607 13,857 14,448
Other Income/Loss (693) (954) (715) (444) (515) 78
Other Stockholders Equity 46,191 47,500 47,544 48,879 48,344 47,299
Total shareholders equity 62,109 63,637 64,302 66,333 66,977 67,116
Minority Interest 1,642 1,591 1,634 1,698 1,756 1,769
Total Equity 62,109 63,637 64,302 66,333 68,733 68,885
Total debt 154,019 152,567 151,089 156,189 147,870 149,112
Total Investments 278,482 271,104 268,538 165,625 259,675 256,987
Net Debt (37,759) (54,060) (53,373) (43,174) (29,836) (35,860)
USD 'MM)
2022-Q3 2022-Q4 2023-Q1 2023-Q2 2023-Q3 2023-Q4
6,824 6,091 7,309 7,009 6,886 6,170
- - - - - -
6,824 6,091 7,309 7,009 7,009 6,170
100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
4,328 5,226 - - - -
63.4% 85.8% 0.0% 0.0% 0.0% 0.0%
4,294 5,197 1,852 1,539 1,722 1,018
62.9% 85.3% 25.3% 22.0% 25.0% 16.5%
1,615 775 1,852 1,405 1,722 699
23.7% 12.7% 25.3% 20.0% 25.0% 11.3%
1,115 1,950 1,297 402 1,176 1,399
16.3% 32.0% 17.7% 5.7% 17.1% 22.7%
(USD 'MM)
2022-Q3 2022-Q4 2023-Q1 2023-Q2 2023-Q3 2023-Q4
1,209 1,825 1,159 900 1,031 1,429
- - - - - -
- - - - - -
- 434 - - - -
- - - - - -
(1,209) (2,259) (1,159) (900) (1,031) (1,429)
- 434 - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- 434 - - - -
- 434 - - - -
- (USD 'MM)
2022-Q3 2022-Q4 2023-Q1 2023-Q2 2023-Q3 2023-Q4
191,642 186,091 166,640 171,153 175,887 -
35,109 25,450 29,087 29,824 32,820 -
226,751 217,766 195,727 200,977 208,707 -
1,493 76,422 1,594 1,552 1,563 -
- - - - - -
- - - - - -
228,244 219,350 197,321 202,529 210,270 -
- 2,919 - - - -
- 4,173 - - - -
7,399 7,092 7,088 7,141 7,333 -
228,660 144,289 241,083 231,393 235,442 -
5,955 6,103 6,101 6,010 6,132 -
(242,014) 63,974 (254,272) (244,544) (248,907) -
242,014 228,683 254,272 244,544 248,907 -
1,498,067 1,336,788 1,306,777 1,306,820 1,358,272 -
6,251 5,122 4,908 7,081 8,798 -
- 85,537 - - - -
- - - - - -
(6,251) (90,659) (4,908) (7,081) (8,798) -
6,251 90,659 4,908 7,081 8,798 -
146,044 141,257 127,680 122,323 116,358 -
- - - - - -
696 650 621 537 692 -
(140,489) (51,248) (123,393) (122,860) (117,050) -
6,251 90,659 4,908 122,860 117,050 -
1,427,152 1,264,460 1,233,399 1,234,492 1,284,380 -
5,291 5,291 5,223 5,223 5,223 -
15,739 17,800 19,286 18,841 20,172 -
665 (1,314) (1,270) (1,914) (1,597) -
47,353 48,760 48,341 48,455 48,320 -
69,048 70,537 71,580 70,605 72,118 -
1,867 1,791 1,798 1,723 1,774 -
70,915 72,328 73,378 72,328 73,892 -
152,295 146,379 132,588 129,404 125,156 -
263,769 247,163 270,170 261,217 268,262 -
(39,347) (39,712) (34,052) (41,749) (50,731) -
Weighted Average Cost Of Capital (WACC)
Share price, USD 13.38

Beta 1.19
Diluted Shares Outstanding, MM 2,104
Cost of Debt, % 0.0%
Tax Rate, % -1.1%
After-tax Cost of Debt, % 0.0%
* Risk-Free Rate, % 4.3%
** Market Risk Premium, % 5.0%
Cost of Equity, % 10.2%
Total Debt - (USD 'MM) 0 Debt
Total Equity - (USD 'MM) 28,152 Equity
Total Capital - (USD 'MM) 28,152
Debt Weighting, % 0.0% Debt 100%
Equity Weighting, % 100.0% Equity
WACC, % 10.2%
Tax Rate
2019 2020 2021
Historical tax rate, % -99.8% 39.0% 26.0%
Selected tax rate, %
Cost Of Debt (Effective interest rate method)
2019 2020 2021

Interest expense - (USD 'MM) 11,400 6,405 5,445
Total debt - (USD 'MM) 0 0 0
Effective interest rate, % 0.0% 0.0%
Average effective interest rate, %

WACC)
100%
2022 2023
-1.1% -13.8%
-1.1%
2022 2023
10,649 0
0 0
0.0% 0.0%
0.0%
Operating Data - (USD 'MM)
Year 2019 2020 2021 2022 2023
A/F Actual Actual Actual Actual Actual
Revenue 22,948 23,891 25,303 26,656 27,376
Revenue Growth, % 4.1% 5.9% 5.3% 2.7%
EBITDA (2,760) 874 3,245 16,110 -
EBITDA, % -12.0% 3.7% 12.8% 60.4% 0.0%
Depreciation - - - 133 -
Depreciation, % 0.0% 0.0% 0.0% 0.5% 0.0%
EBIT (2,760) 874 3,245 15,977 -
EBIT, % -12.0% 3.7% 12.8% 59.9% 0.0%
Balance Sheet Data - (USD 'MM)

Year 2019 2020 2021 2022 2023
Total Cash 186,442 231,172 222,740 217,766 178,416
Total Cash, % 812.5% 967.6% 880.3% 816.9% 651.7%
Account Receivables 66,941 986 74,793 76,422 -
Account Receivables, % 291.7% 4.1% 295.6% 286.7% 0.0%
Inventories - - - - -
Inventories, % 0.0% 0.0% 0.0% 0.0% 0.0%
Accounts Payable 73,707 81,550 71,790 85,537 -
Accounts Payable, % 321.2% 341.3% 283.7% 320.9% 0.0%
Capital Expenditure (327) (512) (550) (337) -
Capital Expenditure, % 1.4% 2.1% 2.2% 1.3% 0.0%
Build Up Free Cash Flow - (USD 'MM)

Year 2019 2020 2021 2022 2023
Revenue 22,948 23,891 25,303 26,656 27,376
EBITDA (2,760) 874 3,245 16,110 -
EBIT (2,760) 874 3,245 15,977 -
Tax Rate, % -99.8% 39.0% 26.0% -1.1% -13.8%
EBIAT (5,516) 533 2,403 16,160 -
Depreciation - - - 133 -
Accounts Receivable 3,240 65,955 (73,807) (1,629) 76,422
Inventories - - - - -
Accounts Payable (19,487) 7,843 (9,760) 13,747 (85,537)
Capital Expenditure (327) (512) (550) (337) -
UFCF (22,090) 73,819 (81,714) 28,074 (9,115)
WACC, %
PV UFCF
SUM PV UFCF
Valuation - (USD 'MM)

Terminal Value (Perpetuity Growth method) - (USD 'MM) Intrinsic Value
Long-term growth rate, % 4.0% Enterprise Value - (USD 'MM)
WACC, % 10.2% Net Debt - (USD 'MM)
Free cash flow (t + 1) 9,168 Equity Value - (USD 'MM)
Terminal Value 147,635 Shares Outstanding, MM
Present Value of Terminal Valu 90,799 Equity Value Per Share, USD
(USD 'MM)
2024 2025 2026 2027 2028
Forecast Forecast Forecast Forecast Forecast
28,613 29,905 31,256 32,668 34,143
4.5% 4.5% 4.5% 4.5% 4.5%
7,336 7,668 8,014 8,376 8,754
25.6% 25.6% 25.6% 25.6% 25.6%
143 149 156 163 170
0.5% 0.5% 0.5% 0.5% 0.5%
7,193 7,518 7,858 8,213 8,584
25.1% 25.1% 25.1% 25.1% 25.1%
a - (USD 'MM)
2024 2025 2026 2027 2028
237,239 247,955 259,155 270,861 283,096
829.1% 829.1% 829.1% 829.1% 829.1%
55,929 58,456 61,096 63,856 66,740
195.5% 195.5% 195.5% 195.5% 195.5%
- - - - -
0.0% 0.0% 0.0% 0.0% 0.0%
90,221 94,296 98,555 103,007 107,660
315.3% 315.3% 315.3% 315.3% 315.3%
(532) (556) (581) (608) (635)
1.9% 1.9% 1.9% 1.9% 1.9%
low - (USD 'MM)

2024 2025 2026 2027 2028
28,613 29,905 31,256 32,668 34,143
7,336 7,668 8,014 8,376 8,754
7,193 7,518 7,858 8,213 8,584
12.5% 12.5% 12.5% 12.5% 12.5%
6,295 6,579 6,877 7,187 7,512
143 149 156 163 170
(55,929) (2,526) (2,640) (2,760) (2,884)
- - - - -
90,221 4,075 4,259 4,452 4,653
(532) (556) (581) (608) (635)
40,197 7,721 8,070 8,435 8,815
10.2% 10.2% 10.2% 10.2% 10.2%
36,473 6,357 6,029 5,717 5,422
59,997
SD 'MM)
ntrinsic Value
terprise Value - (USD 'MM) 150,797
t Debt - (USD 'MM) -178,416
uity Value - (USD 'MM) 329,213
ares Outstanding, MM 2,104
uity Value Per Share, USD 156.47
Free Cash Flow - (USD 'MM)
Year 2019 2020 2021 2022 2023 2024
A/F Actual Actual Actual Actual Actual Forecast
Revenue 22,948 23,891 25,303 26,656 27,376 28,613
Revenue Growth, % 4.1% 5.9% 5.3% 2.7% 4.5%
Operating Cash Flow (40,449) 30,736 (2,952) (2,113) - 10,401
Operating Cash Flow, % -176.3% 128.7% -11.7% -7.9% 0.0% 36.4%
Capital Expenditure (327) (512) (550) (337) - (532)
Capital Expenditure, % 1.4% 2.1% 2.2% 1.3% 0.0% 1.9%
Free Cash Flow (40,776) 30,224 (3,502) (2,450) - 9,869
Free Cash Flow, % -177.7% 126.5% -13.8% -9.2% 0.0% 34.5%
Build Up Free Cash Flow - (USD 'MM)

Year 2019 2020 2021 2022 2023 2024
A/F Actual Actual Actual Actual Actual Forecast
Free Cash Flow (40,776) 30,224 (3,502) (2,450) - 9,869
WACC, % 10.2%
PV UFCF 8,955
SUM PV UFCF
Valuation - (USD 'MM)

Terminal Value (Perpetuity Growth method) - (USD 'MM) Intrinsic Value
Long-term growth rate, % 4.0% Enterprise Value - (USD 'MM)
WACC, % 10.2% Net Debt - (USD 'MM)
Free cash flow (t + 1) 12,248 Equity Value - (USD 'MM)
Terminal Value 197,227 Shares Outstanding, MM
Present Value of Terminal Valu 121,300 Equity Value Per Share, USD
M)
2025 2026 2027 2028
Forecast Forecast Forecast Forecast
29,905 31,256 32,668 34,143
4.5% 4.5% 4.5% 4.5%
10,871 11,362 11,875 12,412
36.4% 36.4% 36.4% 36.4%
(556) (581) (608) (635)
1.9% 1.9% 1.9% 1.9%
10,315 10,781 11,268 11,777
34.5% 34.5% 34.5% 34.5%
D 'MM)
2025 2026 2027 2028
Forecast Forecast Forecast Forecast
10,315 10,781 11,268 11,777
10.2% 10.2% 10.2% 10.2%
8,492 8,054 7,638 7,243
40,381
ue - (USD 'MM) 161,681

-178,416
- (USD 'MM) 340,097
2,104
Per Share, USD 161.64
Liquidity Measurement Ratios
Year 2019 2020 2021 2022
Current Ratio
3.21 2.73 3.92 2.42
Current Assets / Current Liabilities
Quick Ratio
3.21 2.73 3.92 3.18
(Cash and Cash Equivalents+Short Term Investments+Account
Receivables) / Current Liabilities
Cash Ratio
1.87 2.06 2.63 2.05
Cash and Cash Equivalents / Current Liabilities
Days of Sales Outstanding

1,064.73 15.06 1,078.90 1,046.44
((Account Receivables (start)+Account Receivables (end)) / 2) /
(Revenue / 365)
Days of Inventory Outstanding

0.00 0.00 0.00 0.00
((Inventory (start)+Inventory (end)) / 2) / (COGS / 365)
Operating Cycle
0.00 0.00 0.00 0.00
DSO + DIO
Days of Payables Outstanding

0.00 0.00 0.00 0.00
((Account Payables (start)+Account Payables (end)) / 2) / (COGS /
365)
Cash Conversion Cycle

0.00 0.00 0.00 0.00
DSO + DIO − DPO
Profitability Indicator Ratios
Year 2019 2020 2021 2022
Gross Profit Margin

100.0% 100.0% 100.0% 100.0%
Gross Profit / Revenue
Operating Profit Margin

-12.0% 3.7% 12.8% 59.9%
Operating Income / Revenue
Pretax Profit Margin

-11.5% 4.2% 13.4% 21.0%
Income Before Tax / Revenue
Net Profit Margin

-22.9% 2.0% 9.3% 20.7%
Net Income / Revenue
Effective Tax Rate

-99.8% 39.0% 26.0% -1.1%
Provision For Income Taxes / Income Before Tax
Return On Assets
0.00 0.00 0.00 0.00
Net Income / Avg Total Assets
Return On Equity
-0.09 0.01 0.04 0.08
Net Income / Avg Total Equity
Return On Capital Employed

0.00 0.00 0.00 0.01
Net Income / (Avg Total Assets - Avg Current Liabilities)
Debt Ratios
Year 2019 2020 2021 2022
Debt Ratio
0.11 0.12 0.12 0.11
Total Liabilities / Total Assets
Debt Equity Ratio

2.62 2.52 2.35 2.08
Total Debt / Total Equity
Long-term Debt to Capitalization

0.72 0.71 0.70 0.67
Long−Term Debt / (Long−Term Debt + Shareholders Equity)
Total Debt to Capitalization

0.72 0.72 0.70 0.67
Total Debt / (Total Debt + Shareholders Equity)
Interest Coverage Ratio

-0.24 0.14 0.60 1.50
EBIT / Interest Expenses
Cash Flow to Debt Ratio

-0.28 0.20 -0.02 -0.01
Operating Cash Flows / Total Debt
Company Equity Multiplier

23.21 21.86 19.96 18.95
Total Assets / Total Equity
Operating Performance Ratios
Year 2019 2020 2021 2022
Fixed Asset Turnover

4.66 4.31 4.57 4.37
4.66 4.31 4.57 4.37
Revenue / Avg Fixed Assets
Asset Turnover
0.02 0.02 0.02 0.02
Revenue / Avg Total Assets
Cash Flow Indicator Ratios
Year 2019 2020 2021 2022
Operating Cash Flow Sales Ratio

-1.76 1.29 -0.12 -0.08
Operating Cash Flow / Revenue
Free Cash Flow Operating Cash Flow Ratio

1.01 0.98 1.19 1.16
Free Cash Flow / Operating Cash Flow
Cash Flow Coverage Ratios

-0.28 0.20 -0.02 -0.01
Operating Cash Flow / Total Debt
Short-Term Coverage Ratios

-7.75 8.65 -0.73 -0.41
Operating Cash Flow / Short-Term Debt
Capital Expenditure Coverage

Ratios
-123.70 60.03 -5.37 -6.27
Operating Cash Flow / Capital Expenditure
Dividend Paid and Capex

Coverage Ratios
404.49 26.23 -4.95 -30.62
Operating Cash Flow / (Dividends Paid + Capital Expenditure)
Dividend Payout Ratio
-0.04 3.49 0.48 0.07
DPS (Dividends per Share) / EPS (Net Income per Share)
Investment Valuation Ratios
Year 2019 2020 2021 2022
Price Book Value Ratio

0.26 0.31 0.35 0.32
Stock Price per Share / Equity per Share
Price Cash Flow Ratio

-0.36 0.61 -7.84 -10.65
Stock Price per Share / Operating Cash Flow per Share
Price Earnings Ratio

-2.78 39.09 9.78 4.07
Stock Price per Share / EPS
Price Earnings to Growth Ratio

0.00 -0.38 0.01 0.03
Price Earnings Ratio / Expected Revenue Growth
Price Sales Ratio

0.64 0.79 0.91 0.84
Stock Price per Share / Revenue per Share
Dividend Yield
0.015 0.089 0.050 0.018
Dividend per Share / Stock Price per Share
Enterprise Value Multiplier

-5.03 -4.28 -6.17 -1.07
Enterprise Value / EBITDA
Price Fair Value
0.26 0.31 0.35 0.32
Stock Price per Share / Intrinsic Value
t Ratios
2023 Sparkline
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Ratios
2023 Sparkline
100.0%
21.2%
19.7%
16.9%
-13.8%
0.00
0.07
0.00
2023 Sparkline
0.16
2.82
0.74
0.74
0.00
0.00
17.96
e Ratios
2023 Sparkline
4.67
4.67
0.02
Ratios
2023 Sparkline
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Ratios
2023 Sparkline
0.35
0.00
5.27
-1.42
0.89
0.000
142.51
0.35
Ratio Description
A current ratio of 1.0 or greater is an indication that the company is well-positioned to cover its current or short-term liabilities.
The quick ratio is more conservative than the current ratio because it excludes inventory and other current assets, which generally are more difficult to turn into cash. A highe
ratio means a more liquid current position.
The cash ratio is almost like an indicator of a firm’s value under the worst-case scenario where the company is about to go out of business.
DSO tells you how many days after the sale it takes people to pay you on average.
DIO tells you how many days inventory sits on the shelf on average.
(DSO + DIO) Basically the Operating Cycle tells you how many days it takes for something to go from first being in inventory to receiving the cash after the sale.
DPO tells you how many days the company takes to pay its suppliers.
The cash conversion cycle (CCC = DSO + DIO – DPO) measures the number of days a company's cash is tied up in the production and sales process of its operations and the
derives from payment terms from its creditors. The shorter this cycle, the more liquid the company's working capital position is. The CCC is also known as the "cash" or "oper
cycle.
Ratio Description
You can think of it as the amount of money from product sales left over after all of the direct costs associated with manufacturing the product have been paid.
If companies can make enough money from their operations to support the business, the company is usually considered more stable.
Profit is the main goal of for-profit organizations. The goal is to make a profit through growth and to grow every year. As a result, one of the most important roles of the finan
investment analyst is to track and forecast profitability.
Generally, a net profit margin in excess of 10% is considered excellent, though it depends on the industry and the structure of the business.
If there’s one takeaway, it should be that a company’s tax situation is all but a living, breathing organism in its own right.
ROA Return on assets gives an indication of the capital intensity of the company, which will depend on the industry; companies that require large initial investments will gene
lower return on assets. ROAs over 5% are generally considered good.
ROE this ratio calculates how much money is made based on the investors' investment in the company.investors want to see a high return on equity ratio because this indicate
company is using its investors' funds effectively.
ROCE shows investors how many dollars in profits each dollar of capital employed generates.
Ratio Description
The debt ratio tells us the degree of leverage used by the company.
This is a measurement of the percentage of the company’s balance sheet that is financed by suppliers, lenders, creditors and obligors versus what the shareholders have comm
While a high capitalization ratio can increase the return on equity because of the tax shield of debt, a higher proportion of debt increases the risk of bankruptcy for a company
Capitalization ratio describes to investors the extent to which a company is using debt to fund its business and expansion plans.
The lower a company’s interest coverage ratio is, the more its debt expenses burden the company.
The cash flow to debt ratio reveals the ability of a business to support its debt obligations from its operating cash flows
This is a measure of financial leverage.
Ratio Description
Calculates how efficiently a company is a producing sales with its machines and equipment.
Calculates how efficiently a company is a producing sales with its machines and equipment.
The Asset Turnover ratio can often be used as an indicator of the efficiency with which a company is deploying its assets in generating revenue.
Ratio Description
Gives investors an idea of the company's ability to turn sales into cash.
The higher the percentage of free cash flow embedded in a company's operating cash flow, the greater the financial strength of the company.
The operating cash flow is simply the amount of cash generated by the company from its main operations, which are used to keep the business funded.
The short-term debt coverage ratio compares the sum of a company's short-term borrowings and the current portion of its long-term debt to operating cash flow.
The larger the operating cash flow coverage for these items, the greater the company's ability to meet its obligations, along with giving the company more cash flow to expand
business, withstand hard times, and not be burdened by debt servicing and the restrictions typically included in credit agreements.
For conservative investors focused on cash flow coverage, comparing the sum of a company's capital expenditures and cash dividends to its operating cash flow is a stringent
measurement that puts cash flow to the ultimate test. If a company is able to cover both of these outlays of funds from internal sources and still have cash left over, it is produc
might be called "free cash flow on steroids". This circumstance is a highly favorable investment quality.
The dividend payout ratio is an indicator of how well earnings support the dividend payment.
Ratio Description
The price-to-book value ratio, expressed as a multiple (i.e. how many times a company's stock is trading per share compared to the company's book value per share), is an ind
how much shareholders are paying for the net assets of a company.
The price/cash flow ratio is used by investors to evaluate the investment attractiveness, from a value standpoint, of a company's stock.
The financial reporting of both companies and investment research services use a basic earnings per share (EPS) figure divided into the current stock price to calculate the P
(i.e. how many times a stock is trading (its price) per each dollar of EPS).
The PEG ratio is a refinement of the P/E ratio and factors in a stock's estimated earnings growth into its current valuation.The general consensus is that if the PEG ratio indic
value of 1, this means that the market is correctly valuing (the current P/E ratio) a stock in accordance with the stock's current estimated earnings per share growth. If the PE
less than 1, this means that EPS growth is potentially able to surpass the market's current valuation.
The P/E ratio and P/S reflects how many times investors are paying for every dollar of a company's sales. Since earnings are subject, to one degree or another, to accounting
and management manipulation, many investors consider a company's sales (revenue) figure a more reliable ratio component in calculating a stock's price multiple than the ea
figure.
Income investors value a dividend-paying stock, while growth investors have little interest in dividends, preferring to capture large capital gains. Whatever your investing styl
matter of historical record that dividend-paying stocks have performed better than non-paying-dividend stocks over the long term.
Overall, this measurement allows investors to assess a company on the same basis as that of an acquirer. As a rough calculation, enterprise value multiple serves as a proxy f
long it would take for an acquisition to earn enough to pay off its costs in years(assuming no change in EBITDA).
Helps investors determine whether a stock is trading at, below, or above its fair value estimate,A price/fair value ratio below 1 suggests the stock is trading at a discount to its
value, while a ratio above 1 suggests it is trading at a premium to its fair value.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33
Revenue
40000 1.2
35000
1
30000
0.8
25000
20000 0.6
15000
0.4
10000
0.2
5000
0 0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2014
EBITDA
20000 0.7
0.6
15000 0.5
0.4
10000
0.3
0.2
5000
0.1
0 0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2014
-0.1
-5000 -0.2
Profit Before Tax

8000 0.25
0.2
6000
0.15
4000
0.1
2000
Profit Before Tax
8000 0.25
0.2
6000
0.15
4000
0.1
2000
0.05
0 0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2014
-0.05
-2000
-0.1
-4000
-0.15
-6000
-0.2
-8000 -0.25
Profit After Tax

8000 0.3
6000
0.2
4000
0.1
2000
0 0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2014
-2000
-0.1
-4000
-0.2
-6000
-8000 -0.3
34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60###
61
Gross Margin, %
1.2
0.8
0.6
0.4
0.2
0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
EBITDA, %
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
-0.1
-0.2
Profit Before Tax, %

0.25
0.2
0.15
0.1
0.25
0.2
0.15
0.1
0.05
0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
-0.05
-0.1
-0.15
-0.2
-0.25
Profit After Tax, %

0.3
0.2
0.1
0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
-0.1
-0.2
-0.3
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33
Revenue
8000 1.2
7000
1
6000
0.8
5000
4000 0.6
3000
0.4
2000
0.2
1000
0 0
2021- 2021- 2021- 2021- 2022- 2022- 2022- 2022- 2023- 2023- 2023- 2023- 2021- 2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
EBITDA
6000 1
0.9
5000
0.8
0.7
4000
0.6
3000 0.5
0.4
2000
0.3
0.2
1000
0.1
0 0
2021- 2021- 2021- 2021- 2022- 2022- 2022- 2022- 2023- 2023- 2023- 2023- 2021- 2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Profit Before Tax

2500 0.3
0.25
2000
0.2
1500
Profit Before Tax
2500 0.3
0.25
2000
0.2
1500
0.15
1000
0.1
500
0.05
0 0
2021- 2021- 2021- 2021- 2022- 2022- 2022- 2022- 2023- 2023- 2023- 2023- 2021-
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Profit After Tax

2500 0.35
0.3
2000
0.25
1500
0.2
0.15
1000
0.1
500
0.05
0 0
2021- 2021- 2021- 2021- 2022- 2022- 2022- 2022- 2023- 2023- 2023- 2023- 2021-
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60###
61
Gross Margin, %
1.2
0.8
0.6
0.4
0.2
0
2021- 2021- 2021- 2021- 2022- 2022- 2022- 2022- 2023- 2023- 2023- 2023-
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
EBITDA, %
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
2021- 2021- 2021- 2021- 2022- 2022- 2022- 2022- 2023- 2023- 2023- 2023-
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

0.3
0.25
0.2
0.3
0.25
0.2
0.15
0.1
0.05
0
2021- 2021- 2021- 2021- 2022- 2022- 2022- 2022- 2023- 2023- 2023- 2023-
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Profit After Tax, %

0.35
0.3
0.25
0.2
0.15
0.1
0.05
0
2021- 2021- 2021- 2021- 2022- 2022- 2022- 2022- 2023- 2023- 2023- 2023-
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Dividends Payout
4
3.5
2.5
1.5
0.5
0
2019 2020 2021 2022 2023
-0.5
Debt Ratio
0.18
0.16
0.14
0.12
0.1
0.08
0.06
0.04
0.02
0
2019 2020 2021 2022 2023
Price / Book Value Ratio

0.4
0.35
0.3
0.25
Price / Book Value Ratio
0.4
0.35
0.3
0.25
0.2
0.15
0.1
0.05
0
2019 2020 2021 2022 2023
Price Earnings to Growth Ratio

0.2
0
2019 2020 2021 2022 2023
-0.2
-0.4
-0.6
-0.8
-1
-1.2
-1.4
-1.6
Debt / Equity
3
2.5
1.5
0.5
0
2019 2020 2021 2022 2023
Price / Earnings Ratio

45
40
35
30
25
20
15
10
0
2019 2020 2021 2022 2023
-5
Price / Sales Ratio

1
0.9
0.8
0.7
0.6
Price / Sales Ratio
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
2019 2020 2021 2022 2023
Enterprise Value Multiplier

160
140
120
100
80
60
40
20
0
2019 2020 2021 2022 2023
-20

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Company Code

Company Code DB CROX

DB 13.38 1.19 2871547 26884969200 0.48

2023-12-31 DB EUR 1159508 2023-12-31 ###

2022-12-31 DB EUR 1159508 2023-03-20 ###

2021-12-31 DB EUR 1159508 2022-03-14 ###

2020-12-31 DB EUR 1159508 2021-03-15 ###

2019-12-31 DB EUR 1159508 2020-03-20 ###

2018-12-31 DB EUR 1159508 2019-03-25 ###

2017-12-31 DB EUR 1159508 2018-03-16 ###

2016-12-31 DB EUR 1159508 2017-03-20 ###

2015-12-31 DB EUR 1159508 2016-03-11 ###

2014-12-31 DB EUR 1159508 2014-12-31 ###

2023-12-31 DB EUR 1159508 2023-12-31 ###

2022-12-31 DB EUR 1159508 2023-03-20 ###

2021-12-31 DB EUR 1159508 2022-03-14 ###

2020-12-31 DB EUR 1159508 2021-03-15 ###

2019-12-31 DB EUR 1159508 2020-03-20 ###

2018-12-31 DB EUR 1159508 2019-03-25 ###

2017-12-31 DB EUR 1159508 2018-03-16 ###

2015-12-31 DB EUR 1159508 2016-03-11 ###

2014-12-31 DB EUR 1159508 2014-12-31 ###

2023-12-31 DB EUR 1159508 2023-12-31 ###

2022-12-31 DB EUR 1159508 2023-03-20 ###

2021-12-31 DB EUR 1159508 2022-03-14 ###

2020-12-31 DB EUR 1159508 2021-03-15 ###

2019-12-31 DB EUR 1159508 2020-03-20 ###

2018-12-31 DB EUR 1159508 2019-03-25 ###

2017-12-31 DB EUR 1159508 2018-03-16 ###

2016-12-31 DB EUR 1159508 2017-03-20 ###

2015-12-31 DB EUR 1159508 2016-03-11 ###

2014-12-31 DB EUR 1159508 2014-12-31 ###

DB 2022-12-31 2022 FY 2.419506061 3.176331087

DB 2021-12-31 2021 FY 3.923995041 3.923995041

DB 2020-12-31 2020 FY 2.727964937 2.727964937

DB 2019-12-31 2019 FY 3.210427621 3.210427621

DB 2018-12-31 2018 FY 10.48163984 2.913648558

2023-12-31 DB EUR 1159508 2023-12-31 ###

2023-09-30 DB EUR 1159508 2023-10-25 ###

2023-06-30 DB EUR 1159508 2023-07-26 ###

2023-03-31 DB EUR 1159508 2023-04-27 ###

2022-12-31 DB EUR 1159508 2023-03-23 ###

2022-09-30 DB EUR 1159508 2022-10-26 ###

2022-06-30 DB EUR 1159508 2022-07-27 ###

2022-03-31 DB EUR 1159508 2022-04-27 ###

2021-12-31 DB EUR 1159508 2022-03-14 ###

2021-09-30 DB EUR 1159508 2021-09-30 ###

2021-06-30 DB EUR 1159508 2021-06-30 ###

2021-03-31 DB EUR 1159508 2021-03-31 ###

2023-12-31 DB EUR 1159508 2023-12-31 ###

2023-09-30 DB EUR 1159508 2023-10-25 ###

2023-06-30 DB EUR 1159508 2023-07-26 ###

2023-03-31 DB EUR 1159508 2023-04-27 ###

2022-12-31 DB EUR 1159508 2023-03-23 ###

2022-09-30 DB EUR 1159508 2022-10-26 ###

2022-06-30 DB EUR 1159508 2022-07-27 ###

2022-03-31 DB EUR 1159508 2022-04-27 ###

2021-12-31 DB EUR 1159508 2022-03-14 ###

2021-09-30 DB EUR 1159508 2021-10-27 ###