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Commerzbank AG CBK

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Stock XETR Rating as of
€16.35 −0.12 (0.73%)
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As of Delayed Price Open

Company Report

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Commerzbank: Strategy Facelift After CFO Bettina Orlopp Appointed CEO

Niklas Kammer, Johann Scholtz

Under newly appointed CEO Bettina Orlopp, formerly CFO, Commerzbank updated its strategy, which could be seen as an attempt to push back against UniCredit’s potential takeover attempt. The new strategy targets a 12% return on tangible equity by 2027, up from 11.5% previously. Commerzbank primarily sees better income generation in its noninterest-related business, which improves operating efficiency and drives slightly better profitability. The bank also highlighted its intention to distribute about 90% of profits to shareholders in 2027. We maintain our EUR 15.80 per-share fair value estimate.

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Price vs Fair Value

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CBK is trading at a 66% premium.
Price
€16.47
Fair Value
€66.50
Uncertainty
High
1-Star Price
€14.48
5-Star Price
€5.97
Economic Moat
Rhks
Capital Allocation
Tbvx

Bulls Say, Bears Say

Bulls

Commerzbank is addressing its large cost base, setting the bank up for greater profitability in the future.

Bears

MBank and its exposure to Poland distracts from Commerzbank's core business.

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News

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Trading Information

Previous Close Price
€16.47
Day Range
€16.26–16.53
52-Week Range
€9.50–16.61
Bid/Ask
€16.35 / €16.35
Market Cap
€19.36 Bil
Volume/Avg
2.4 Mil / 5.9 Mil

Key Statistics

Price/Earnings (Normalized)
9.09
Price/Sales
1.68
Dividend Yield (Trailing)
2.13%
Dividend Yield (Forward)
2.13%
Total Yield
2.75%

Company Profile

Commerzbank operates primarily in Europe. Germany contributes about 70% to total income. The bank operates two business segments: private and small-business customers as well as corporate clients. In its private and small-business segment, the group runs its branch business, a mobile bank with a focus on the Polish market, an online broker, and an asset manager for physical assets. Its corporate client business provides cash management and trade finance solutions to small and medium-size enterprises and large corporates.
Sector
Financial Services
Industry
Banks - Regional
Stock Style Box
Large Core
Total Number of Employees
38,708
Website
https://www.commerzbank.com

Competitors

Valuation

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Metric
CBK
DB
Price/Earnings (Normalized)
 9.096.62
Price/Book Value
 0.670.49
Price/Sales
 1.681.14
Price/Cash Flow
 0.934.25
Price/Earnings
CBK
DB

Financial Strength

Metric
CBK
DB
Quick Ratio
 ——
Current Ratio
 ——
Interest Coverage
 ——
Quick Ratio
No chart available

Profitability

Metric
CBK
DB
Return on Assets (Normalized)
 0.49%0.67%
Return on Equity (Normalized)
 9.07%13.85%
Return on Invested Capital (Normalized)
 ——
Return on Assets
CBK
DB

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