Company Valuation: Commerzbank AG

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 40,443 - -
Change - 32.1% 20.59% 39.6% 112.49% 2.17% - -
Enterprise Value (EV) 8,377 11,066 13,345 18,629 39,584 40,443 40,443 40,443
Change - 32.1% 20.59% 39.6% 112.49% 2.17% 0% 0%
P/E 29.1x - 6.6x 7.56x 17.5x 12.3x 10x 8.25x
PBR 0.33x - 0.48x 0.6x 1.31x 1.28x 1.22x 1.15x
PEG - - - 0.3x -18.2x 0.3x 0.4x 0.4x
Capitalization / Revenue 0.99x 1.17x 1.28x 1.68x 3.25x 3.05x 2.84x 2.66x
EV / Revenue 0x 0x 0x 0x 0x 3.05x 2.84x 2.66x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 6.5x 5.72x 5.14x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - - 0.35 0.65 1.1 1.493 1.869 2.31
Rate of return - - 3.25% 4.13% 3.05% 3.99% 4.99% 6.17%
EPS 2 0.23 - 1.63 2.08 2.06 3.04 3.742 4.542
Distribution rate - - 21.5% 31.3% 53.4% 49.1% 50% 50.9%
Net sales 1 8,459 9,461 10,461 11,106 12,171 13,243 14,239 15,196
EBITDA - - - - - - - -
EBIT 1 1,753 2,975 4,039 4,580 5,231 6,217 7,071 7,863
Net income 1 430 1,435 2,224 2,677 2,625 3,311 3,894 4,554
Net Debt - - - - - - - -
Reference price 2 6.69 8.84 10.76 15.72 36.10 37.45 37.45 37.45
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 2/16/23 2/15/24 2/13/25 2/11/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.98x - - 1.79% 947B
13.28x - - 1.91% 436B
6.02x - - 5.15% 388B
12.75x - - 4.05% 354B
5.75x - - 5.3% 308B
18.57x - - 2.3% 292B
6.08x - - 5.14% 269B
12x - - 2.18% 264B
15.29x - - 2.59% 261B
Average 11.53x 3.38% 391.03B
Weighted average by Cap. 11.90x 3.1%

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