Projected Income Statement: Commerzbank

Forecast Balance Sheet: Commerzbank

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt - - - - - - - -
Change - - - - - - - -
Announcement Date 2/17/22 2/16/23 2/15/24 2/13/25 2/11/26 - - -
Estimates

Cash Flow Forecast: Commerzbank

Fiscal Period: December 2020 2021 2022 2023 2024 2025
CAPEX 1 898 973 675 998 1,146 1,147
Change - 8.35% -30.63% 47.85% 14.83% 0.09%
Free Cash Flow (FCF) 1 - - - - - -
Change - - - - - -
Announcement Date 3/24/21 3/28/22 3/27/23 3/19/24 3/26/25 3/25/26
1EUR in Million
Estimates

Forecast Financial Ratios: Commerzbank

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

         
EBITDA Margin (%) - - - - - - - - -
EBIT Margin (%) - 20.72% 31.44% 38.61% 41.24% 42.98% 46.98% 50.22% 51.74%
EBT Margin (%) - 1.24% 21.19% 32.7% 34.51% 32.43% 40.34% 42.88% 46.19%
Net margin (%) - 5.08% 15.17% 21.26% 24.1% 21.57% 25% 27.35% 29.97%
FCF margin (%) - - - - - - - - -
FCF / Net Income (%) - - - - - - - - -

Profitability

         
ROA - 0.09% 0.3% 0.45% 0.5% 0.46% 0.57% 0.66% 0.71%
ROE - 1% 4.7% 7.4% 8.8% 8.3% 10.8% 12.47% 14.55%

Financial Health

         
Leverage (Debt/EBITDA) - - - - - - - - -
Debt / Free cash flow - - - - - - - - -

Capital Intensity

         
CAPEX / Current Assets (%) - - - - - - - - -
CAPEX / EBITDA (%) - - - - - - - - -
CAPEX / FCF (%) - - - - - - - - -

Items per share

         
Cash flow per share 1 - - - - - - - - -
Change - - - - - - - - -
Dividend per Share 1 - - - 0.35 0.65 1.1 1.493 1.869 2.31
Change - - - - 85.71% 69.23% 35.7% 25.24% 23.55%
Book Value Per Share 1 - 20.55 - 22.33 26.04 27.52 29.31 30.8 32.64
Change - - - - 16.59% 5.68% 6.5% 5.08% 5.98%
EPS 1 - 0.23 - 1.63 2.08 2.06 3.04 3.742 4.542
Change - - - - 27.61% -0.96% 47.56% 23.12% 21.37%
Nbr of stocks (in thousands) - 1,252,358 - 1,240,223 1,184,669 1,096,524 1,079,918 1,079,918 1,079,918
Announcement Date - 2/17/22 - 2/15/24 2/13/25 2/11/26 - - -
1EUR
Estimates
2026 *2027 *
P/E 12.6x 10.3x
PBR 1.31x 1.25x
EV / Sales 3.13x 2.92x
Yield 3.88% 4.86%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
-
Global
-
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
38.44EUR
Average target price
40.03EUR
Spread / Average Target
+4.14%

Quarterly revenue - Rate of surprise