Commerzbank Ag revenue dropped on 34.2%
13 Feb 2020 • About Commerzbank Ag (
$CZB) • By InTwits
Commerzbank Ag reported FY2019 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Commerzbank Ag is a company in decline: FY2019 revenue growth was -34.2%, 5 years revenue CAGR was -11.8%
- It operates with medium-size leverage: Net Debt/EBITDA is 1.9x while industry average is
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue dropped on 34.2%.
Net Income margin increased slightly on 0.87 pp from 6.6% to 7.5% in FY2019. During the last 5 years Net Income margin bottomed in FY2017 at 1.1% and was growing since that time.
Management team
Martin Zielke is a the company's CEO. Martin Zielke is a founder and has spent 3 years with the company. Stephan Engels is a the company's CFO. Stephan Engels has spent 7 years at the company.
Financial and operational results
FY ended 30 Nov -0001
Commerzbank Ag ($CZB) key annual financial indicators| mln. € | 2015 | 2016 | 2017 | 2018 | 2019 | 2019/2018 |
|---|
P&L
|
|---|
| Revenue | 16,080 | 14,645 | 14,107 | 13,142 | 8,644 | -34.2% |
| Tax | | | | 268 | | |
| Net Income | 1,084 | 279 | 156 | 865 | 644 | -25.5% |
Balance Sheet
|
|---|
| Cash | 28,509 | 34,802 | 55,733 | 53,914 | | |
| Short Term Debt | 52,045 | 33,261 | 105,379 | 101,907 | | |
| Long Term Debt | 76,390 | 71,283 | 58,309 | 46,389 | | |
Cash flow
|
|---|
| Capex | 252 | 362 | 889 | | | |
| Acquisitions | | | | 5 | | |
Ratios
|
|---|
| Revenue growth | -0.4% | -8.9% | -3.7% | -6.8% | -34.2% | |
|
|---|
| Net Income Margin | 6.7% | 1.9% | 1.1% | 6.6% | 7.5% | 0.9% |
| CAPEX, % of revenue | 1.6% | 2.5% | 6.3% | | | |
|
|---|
| ROIC | 0.9% | 0.3% | 0.2% | 0.7% | | |
| ROE | 3.9% | 1.0% | 0.5% | 3.1% | 2.3% | -0.8% |
People
|
|---|
| Employees | | | | 49,410 | | |
| Revenue/Employee, th. € | | | | 266 | | |
Peers in Banks
Below you can find Commerzbank Ag benchmarking vs. other companies in Banks industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top 5 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Bank Muscat ($BKM) | | 6.9% | 8.2% | 5,513.3% | 19.2% |
| Yapi Ve Kredi Bankasi As ($YKBD) | | 17.8% | 18.8% | 51.8% | 7.0% |
| Turkiye Garanti Bankasi ($39IS) | | 20.4% | 18.6% | 50.6% | 7.9% |
| Finansbank ($FBKD) | | 16.8% | 19.0% | 50.1% | 13.9% |
| Turk Ekonomi Bankasi As ($TURA) | | 18.1% | 2.6% | 44.8% | 7.3% |
| |
|---|
| Median (19 companies) | 4.0% | 3.9% | 4.5% | 12.9% | 7.1% |
|---|
| Commerzbank Ag ($CZB) | | -8.9% | -3.7% | -6.8% | -34.2% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Banco Santander Sa ($BNC) | 10.2% | 9.1% | 10.0% | 14.7% | |
| Bcb Hldgs Ltd ($BCBW) | 2.5% | 3.0% | 7.3% | 5.9% | |
| Barclays ($BARC) | 7.1% | 6.3% | 5.4% | 4.9% | 6.0% |
| Royal Bank Of Scotland Group ($RBS) | 4.6% | 5.6% | 7.1% | 3.7% | |
| Turkiye Garanti Bankasi ($39IS) | 2.4% | 3.6% | 2.4% | 3.5% | 1.1% |
| |
|---|
| Median (17 companies) | 2.6% | 2.0% | 1.8% | 1.3% | 1.4% |
|---|
Top companies by ROIC, %
| Top 5 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Bcb Hldgs Ltd ($BCBW) | -8.7% | 5.7% | 5.0% | 34.6% | |
| Commercial Intl Bank(Egypt)S.A.E ($CBKD) | 30.3% | 28.0% | 25.3% | 25.4% | 24.1% |
| Komercni Banka ($KMCA) | 7.4% | 8.0% | 9.1% | 8.7% | 8.3% |
| Turkiye Garanti Bankasi ($39IS) | 4.3% | 5.5% | 6.5% | 6.5% | 6.3% |
| Finansbank ($FBKD) | 3.1% | 4.3% | 4.6% | 5.4% | 4.7% |
| |
|---|
| Median (34 companies) | 3.5% | 4.6% | 4.6% | 4.5% | 4.4% |
|---|
| Commerzbank Ag ($CZB) | 0.9% | 0.3% | 0.2% | 0.7% | |
