Shares

Deutsche Beteiligungs AG has been publicly listed since 1985. It was one of the first companies admitted to the Prime Standard of the Deutsche Börse.

Access to the asset class of private equity is typically limited to investors in closed-end private equity funds. In addition to investing a substantial minimum amount, it requires committing capital for ten years or more. DBAG shares provide a further opportunity for investing in the attractive asset class of private equity – without a minimum investment and, since the shares can be traded on a daily basis, without tying up capital for an extended period of time. Our shareholders participate twofold: in the earnings we generate as an advisor to DBAG funds and in the value growth of our portfolio companies, which are not listed themselves.

Share price

Xetra order book

iFrame - Deutsche Börse

Analysts’ ratings

The following banks and brokerages regularly analyse the shares of Deutsche Beteiligungs AG or issue commentaries on current business developments at our Company:


Date
Bank Recommendation Target price (new/previous) Study
20 September 2023 Baader Helvea Equity Research, Gerhard Schwarz Buy €41.90  
19 September 2023 Hauck Aufhäuser Investment Banking, Marie-Therese Grübner Buy €48.00  
19 September 2023 SRC Research GmbH, Stefan Scharff/Christopher Mehl Buy €44.00/€42.00   Link to Study
18 September 2023 J.P. Morgan Cazenove, Christopher Brown Neutral n.a.  
23 August 2023 Edison Research, Milosz Papst For regulatory reasons, Edison publishes neither a recommendation nor a price target n.a. Link to Study
10 August 2023 Warburg Research GmbH, Cansu Tatar Buy €49.00 Link to Study
10 August 2023 Jefferies International Limited, Tom Mills Buy €36.00   
11 May 2023 Kepler Cheuvreux, Sven Sauer Buy €38.00    

The list does not purport to be exhaustive. For legal reasons, we can only make certain reports available.

Voting rights

The German Securities Trading Act (WpHG) obligates shareholders to notify the Company and the Federal Financial Supervisory Authority (BaFin) when the level of their voting rights share reaches, falls below or exceeds certain thresholds (three per cent, five per cent, ten per cent, 15 per cent, 20 per cent, 25 per cent, 30 per cent, 50 per cent and 75 per cent of voting rights).

You can find all voting rights notifications, in addition to other publications from Deutsche Beteiligungs AG, here.

According to their mandatory notifications, the following investors currently hold at least three per cent of the outstanding shares of Deutsche Beteiligungs AG:

Person subject to the notification obligation Shareholder (if different from ”Person subject to the notification obligation”) Date on which threshold was crossed or reached Voting rights attached to shares …in percent
Rossmann Beteiligungs GmbH   25 November 2019 3,762,493 25.01
Ministry of Finance on behalf of the State of Norway Norges Bank 27 June 2018 450,725

12,983
(in addition: Instruments – Shares on Loan (right to recall))
2.996

0.09
Ricardo Portabella Anpora S.A. (previously: Taiko S.A.) 18 December, 2017 1,000,000 6.65


Please send voting rights notifications to: stimmrechte(at)dbag.de

Master data

WKN / ISIN A1TNUT / DE000A1TNUT7
Symbol Bloomberg: DBAN
Reuters: DBANn.DE
Listings Frankfurt (Xetra and trading floor), Berlin-Bremen, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart
Market segment Regulated market (Prime Standard)
Index affiliation (selection) S-Dax; Prime All Share; C-Dax; Classic All Share; DAX Finanzdienstl.; DAXsubsector Private Equity & Venture Capital; LPX50; LPX Buyout; LPX Europe
Designated sponsors Hauck Aufhäuser Lampe Privatbank AG, M.M.Warburg & Co. KGaA
Number of shares issued 18,804,992 registered shares
thereof outstanding 18,804,992
First traded 19 December 1985
Paying bank

Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt am Main
Germany

Shareholder profile

as of 30 September 2022 in %

After Rossmann Beteiligungs GmbH increased its stake to more than 25 per cent, the free float, as defined by Deutsche Börse according to the voting rights notifications available to us, has been 68.3 per cent. 

Share data

  2021/2022 2020/2021 2019/2020 2018/2019
All rates are Xetra closing rates        
Closing rate (reporting date 30 Sep, ) 21.55 35.85 31,00 34.70
Financial year high () 40.50 41.60 41.95 37.35
Financial year low () 20.90 27.40 25.92 30.05
Financial year average rate () 31.87 35.27 33.21 39.45
Total return (%) (36.7) 16.6 (0.9) 2.0
Market capitalisation (reporting date 30 Sep, €mn) 405.2 674.2 466.4 522.0
    thereof in free float (reporting date 30 Sep, €mn) 276.8 461.3 318.7 382.8
Average daily trading value (all trading platforms, €mn) 0.717 1.201 0.712 0.702
Dividend per share () 0.80 1.60  0.80 1.50
Distribution sum (€mn) 15.0 30.1 12.0 22.6
Dividend yield (in relation to the average rate for the year, %) 2.5 4.5 2.4 3.8
Earnings per share () (5.19) 10.76 (1.05) 3.05
NAV per share (reporting date 30 Sep, ) 30.81 37.16 28.15 30.59

Dividend policy

Shareholder participation in DBAG's success is one of our financial objectives. In the summer of 2016, we set out our dividend policy, and this still applies: We want to pay a stable dividend that increases whenever possible. 

On 28 February 2023, the Annual General Meeting approved the proposal of the Board of Management and the Supervisory Board to distribute a dividend of 0.80 euros per share for the past financial year 2021/2022. The distribution corresponds to a dividend yield of 2.5 percent based on the annual average share price.

Dividend and dividend yield for the past five financial years