$Deutsche Bank (DB.US)$ German company listed in 2001, globa...

German company listed in 2001, global market, current price 13.1.

In the past 5 years, revenue declined first and then increased, with little overall change. Affected by the sharp losses in 2019, the 5-year average net profit was only 770 million euros. It is worth noting that the company's business and personnel have been drastically reduced since 2019, and net profit has continued to rise in the past 3 years. The large losses in 2019 were greatly affected by income tax. They generally came from tax costs. Tax costs became very low in the next few years, and should return to normal levels in the future.

In 2022, minority shareholders' net profit and preferred stock dividends accounted for 10.8% of net profit, which had an average impact. Net profit attributable to common shareholders averaged 2.4 billion euros (US$2.6 billion) over the past 3 years. The return on net assets in 2022 was 7.4%, which is still not high.

In the first three quarters of 2023, revenue increased by 7.4%, and net profit shrank by 8.4%.

The balance ratio has declined from 94.9% to 94.6% over the past 5 years. Goodwill and other intangible assets account for 10% of net assets. There were very few treasury shares, and the share capital of common shares declined slightly.

Currently, the price-earnings ratio is 5.2. The average net profit for the past 3 years corresponds to a price-earnings ratio of 10, a net price-earnings ratio of 0.39, and a dividend ratio of 2.4%. Considering recent operational improvements, it is possible to set up some observation positions (👀)