Commerzbank AG (CRZBF) 📈: отчетность и дивиденды за 2025

Capitalization

IFRS

Reporting Annual Quarterly

	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	LTM	5 year average	CAGR 5
Капитализация, млрд €		18.64	15.53	9.39	14.17	14.89	9.02	6.27	8.72	9.81	13.66			9.50	8.65
Выручка, млрд €				8.87	8.92	8.62	8.85	8.77	9.65	10.39	9.92	12.36	12.36	10.22	7.10
Чистая прибыль, млрд €				0.279	0.156	0.865	0.644	-2.87	0.43	1.44	2.22	2.68	2.68	0.7800	-198.64
EV, млрд €	373.74	116.92				-7.21	9.16	-23.86	-7.29	-31.7	-89.2	-61.4	-61.4	-42.6900	20.81
EBIT, млрд €			1.68	0.54	0.401	1.13	1.01	-2.61	0.184	2.05	-0.759		-0.759	-0.0250	-194.45
EBITDA, млрд €			2.17	1.09	1.02	1.8	2.02	-1.67	1.06	2.86	0.01		0.01	0.8560	-65.41
OIBDA, млрд €								-1.15	0.7112	3.47	7.33			2.59	-258.89
Баланс стоимость, млрд €				28.61	28.88	28.21	29.37	27.48	28.85	30.02	31.99	34.47	34.47	30.56	4.64
FCF, млрд €				-6.09	19.52	-2.29	-11.49	32.78	-25.23	25.18	17.27	-21.46	-21.46	5.71	-191.88
Операционный денежный поток, млрд €				-5.73	20.43	-1.7	-10.79	33.68	-24.26	25.86	18.17	-20.32	-20.32	6.63	-190.39
Операционная прибыль, млрд €				0.54	0.401	1.13	1.01	-2.61	0.182	2.05	9.54	5.1	5.1	2.85	-214.34
Операционные расходы, млрд €				7.23	7.43	7.1	6.99	7	7.39	7.41	0.375	7.26	7.26	5.89	0.73
CAPEX, млрд €				0.362	0.908	0.589	0.699	0.898	0.973	0.675	0.9028	1.15	1.15	0.9198	5.07

	2017Q3	2017Q4	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	5 quarters average	CAGR 5
Капитализация, млрд €												7.84	9.37	10.6	9.4	15.06	10.36	13.65	13.56	13.78	14.34						13.14	6.72
Выручка, млрд €																	2.92	2.67	3.29	2.09	6	6.43	2.52	2.13	4.12	3.06	3.65	-13.80
Чистая прибыль, млрд €																	0.472	0.58	0.565	0.684	0.395	0.747	0.538	0.641	0.751	0.834	0.7022	2.23
EV, млрд €																-111.42	-34.38	-78.27	-24.08	-72.49	19.97	-90.52	-84.21	-75.71	-59.44		-57.9820	-224.38
EBIT, млрд €											-2.5				1.44	0.706	0.968	1.73	1.79	2.2	0.589	1.07	0.632				1.26	-18.80
EBITDA, млрд €														0.497	0.696	0.423	0.431	0.859	0.903	1.09	0.024	-0.014	-0.239				0.3528	-176.66
OIBDA, млрд €																						-0.775	-4.14				-2.4575	131.13
Баланс стоимость, млрд €																	30.02	30.84	30.97	31.71	31.99	29.06	29.16	33.61	34.47	34.97	32.25	3.77
FCF, млрд €			-4.46	7.89	4.85	-11.95	-8.7	14.72	26.32	0.345	-7.7						0.027										6.74	-71.64
Операционный денежный поток, млрд €			-4.46	7.89	4.85	-11.95	-8.7	14.72	26.32	0.345	-7.7						0.027										6.74	-71.64
Операционная прибыль, млрд €																0.423	0.431	0.859	0.903	1.09	0.024	-0.014	-3.37	-8.33	1.63		-2.0120	132.49
Операционные расходы, млрд €																1.74	2.16	1.72	2.19	0.896	2.17	2.06	2.32	2.13	2.48		2.23	2.71
CAPEX, млрд €	0.908	0.908		0.699	0.699	0.699	0.699	0.898	0.898	0.898	0.898																0.8582	5.14

Cash flow Cash flow quarterly Assets

Balance sheet

IFRS

Reporting Annual Quarterly

	2009	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	LTM	5 year average	CAGR 5
Наличность, млрд €							34.81	56.64	62.27	46.19	81.21	60.21	86.65	102.69	79.12	79.12	81.98	-0.52
Short Term Investments €				75.9	60.89	50.31											62.37	-12.81
Long term investments €					90.47	82.17	161.61	120.29	414.92	139.95	134.65	122.1	96.91	100.65			118.85	-6.38
Total Receivables €							1.09	0.218	0.22	0.229	0.275	0.269	0.256	0.241	0.212	0.212	0.2506	-5.07
Total Current Assets €							35.91	56.86	62.49	46.42	81.49	60.48	86.9	224.59	79.12	79.12	106.52	-0.59
Чистые активы, млрд €				2.51	2.71	2.29	1.72	1.6	1.55	3.49	3.21	2.88	2.43				2.71	9.41
Активы, млрд €							480.45	452.49	462.37	463.64	506.92	473.04	477.44	517.17	554.65	554.65	505.84	1.82
Short Term Debt €				277.4	21.35												149.38	-72.26
Long Term Debt €				98.33	81.85	69.24	41.19	47.56	40.74	41.6							48.07	-9.69
Задолженность, млрд €							450.81	44.03	46.39	45.28	46.12	43.85	43.77	484.16	518.93	518.93	227.37	62.27
Чистый долг, млрд €							14.61	-12.61	-15.88	-0.915	-35.09	-16.36	-42.88	-102.69	-79.12	-79.12	-55.2280	17.66
Долг, млрд €				375.73	103.2				43.82	43.96	41.09	41.8	43.77	109.23		109.23	55.97	19.97
Interest income €							9.63	8.31	8.56	8.65	7.46	7.27	10.33	16.69			10.08	14.05
Расходы на обслуживание долга €							4.71	4.22	3.92	3.7	2.61	2.42	3.87	9.9	12.88	12.88	6.34	37.61
Чист. проц. доходы, млрд €							4.92	4.09	4.63	4.95	4.85	4.85	6.46	8.2		18.65	5.86	10.62
Goodwill €	2.06	2.09	2.08	2.08	2.08	2.08	1.48	1.51	1.51	1.52							1.62	-6.08
Амортизация, млрд €							0.547	0.618	0.663	1.01	0.939	0.873	0.811	0.769	0.806	0.806	0.8396	-3.01
Себестоимость, млрд €														8.82		10.72	8.82	0.00
Товарно материальные запасы €										-94.63	-130.22	-88.98	109.4	102.93		102.93	-20.3000	-201.70

	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	5 quarters average	CAGR 5
Наличность, млрд €																									86.65	87.61	84.96	87.55	102.69	109.08	104.09	95.23	79.12	77.03	92.91	-6.72
Short Term Investments €	40.5	47.56	47.3	59.77																															48.78	10.22
Long term investments €																				419.39	122.1	410.66	111.91	410.86	96.91	387.16	97.17	398.61	100.65						216.10	0.76
Total Receivables €																				0.199	0.269	0.2	0.339	0.197	0.256		0.328		0.241		0.296		0.212		0.2666	-3.70
Total Current Assets €																								117.65	86.9	87.61	85.29	87.55	121.9	136.7	238.34	95.23	79.12		134.26	-8.28
Чистые активы, млрд €																	3.21	3.13	3.02	2.99	2.88	2.79	2.71	2.59	2.43		2.31								2.57	-3.71
Активы, млрд €																									477.44	497.36	501.6	509.89	527.8	551.98	560.09	565.33	554.65	573.67	561.14	0.77
Short Term Debt €	193.45	191.58	187.2	13.65	95.23	91.18																													115.77	-13.80
Long Term Debt €				62.17	39.6	39.38	10.37	41.8	40.74	41.68	43.07	40.75	41.6																						41.57	0.42
Задолженность, млрд €																									43.77	468.71	48.07	480.32	494.79	521.87	526.69	530.53	518.93	537.37	527.08	0.59
Чистый долг, млрд €																								-114.54	-42.88	-84.5	-36.89	-84.44	6.54	-105.97	-100.98	-95.23	-79.12		-74.9520	-264.64
Долг, млрд €				75.82	134.83	130.56																			47.46	3.34	48.07	3.11	109.23	3.11	3.11				33.33	-42.17
Interest income €																				1.74	1.91	1.99	2.21	2.52	3.62	3.79	4.43	4.84	5.2						4.38	7.51
Расходы на обслуживание долга €																									1.66	1.85	2.3	2.68	3.07	3.2	3.37	3.28	3.03	2.81	3.14	-2.57
Чист. проц. доходы, млрд €																						1.4	1.48	1.62	1.96	1.95	2.13	2.17	2.13	5.95	6.09				3.69	23.38
Goodwill €							1.51	1.51	1.51	1.51	1.51	1.51	1.52	1.52	1.52	1.52																			1.52	0.13
Амортизация, млрд €																	0.231						-0.745	-0.283	-0.537	-0.875	-0.889	-1.12	-0.565	-1.08	-0.871				-0.9050	-0.41
Себестоимость, млрд €																													3.07	3.38	3.56				3.34	5.06
Товарно материальные запасы €																							-149.67		-109.4		116.34		102.93		104.39				12.92	-193.05

Share

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	5 year average	CAGR 5
EPS	0.22	0.75	0.68	0.61	-0.56	0.25	1.15	1.79	2.25		2.25	0.9760	-232.07
Цена акции ао		14.99	6.3	5.95	6.69	7.5	9.5	11.96	15.45	29.22	29.22	14.73	31.26
Число акций ао, млн	1220	1252.31	1252.36	1350	1252.36	1252.36	1252.36	1245.7	1187.51		1187.51	1238.06	-1.06
FCF/акцию	-4.99	15.59	-1.83	-8.51	26.17	-20.15	20.11	13.86	-18.07		-18.07	4.38	-192.86

	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	5 quarters average	CAGR 5
EPS															0.41	0.4969	0.455	0.5515	0.3185	0.6023	0.4533	0.486	0.5694	0.7397		0.5701	4.20
Цена акции ао												8.54	7.44	6.99	8.27	10.82	10.92	11.11	11.56					24.94	29.22	17.55	21.76
Число акций ао, млн										1252.4	1252.36	1241.67	1263.05	2154.96	1252.36	1260.87	1241.66	1240.2	1240.22							1247.06	-0.19
FCF/акцию	-3.56	6.3	3.87	-9.54	-6.44	11.63	21.02	0.2759	-6.15						0.0216											5.36	-71.57

Efficiency

IFRS

Reporting Annual Quarterly

	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
ROE, %				0.9751	0.5402	3.07	2.19	-10.44	1.49	5.18	7.17	8.06		8.06	20.08	2.29	-194.96
ROA, %				0.0581	0.0345	0.1871	0.1389	-0.5662	0.0909	0.3213	0.4472	0.4995		0.4995	5.08	0.1585	-197.52
ROIC, %	0.0817	0.3977								2.25	1.87				7.36	1.15	118.73
ROS, %					1.75	10.03	7.28	-32.72	4.45	13.81	22.43	21.66	21.66	21.66	30.06	16.80	37.23
ROCE, %				1.82	0.0982	0.2724	0.2417	-0.5655	0.0429	0.4534	-0.1528		-2.13	-2.13	11.82	-0.4704	30.37
Ebit margin, %							11.43	-29.71	1.91	19.7	-7.66		-6.14	-6.14		-4.3800	-27.05
Рентаб EBITDA, %				12.25	11.43	20.83	22.78	-19	10.95	27.51	0.1009		0.0809	0.0809	24.00	3.93	-133.56
Чистая рентаб, %				3.14	1.75	10.03	7.28	-32.72	4.45	13.81	22.43	21.66		21.66	30.06	5.93	-192.08
Operation Margin, %					4.5	13.14	11.43	-29.71	1.89	19.7	96.22	41.24	41.24	41.24	26.93	40.06	85.26
Доходность FCF, %		10.33	93.19	-64.83	137.79	-15.36	-127.37	522.53	-289.37	256.67	292.54					131.00	-218.09

	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	Industry average	5 quarters average	CAGR 5
ROE, %												1.57	1.88	1.82	2.23	1.27	2.4	1.75	2.09	2.4	2.58		20.08	2.24	1.46
ROA, %												0.0989	0.1166	0.1126	0.1352	0.0761	0.1384	0.0968	0.1139	0.1341	0.1478		5.08	0.1262	1.32
ROS, %													21.76	17.17	32.71	6.59	11.62	21.36	30.08	18.24	27.24	21.66	30.06	23.72	0.28
ROCE, %										0.2923	2.58	0.2232	6.05	0.3951	0.4648	0.1206	0.2127	0.122				-2.13	11.82	-0.2420	-235.59
Ebit margin, %															105.4	9.82	16.65	25.09				-6.14		30.16	-156.63
Рентаб EBITDA, %										27.25	19.96	14.75	32.22	27.44	52.08	0.4001	-0.2178	-9.49				0.0809	24.00	8.57	-72.57
Чистая рентаб, %												16.15	21.76	17.17	32.71	6.59	11.62	21.36	30.08	18.24	27.24		30.06	21.71	18.58
Operation Margin, %												14.75	32.22	27.44	52.08	0.4001	-0.2178	-133.66	-390.8	39.66		41.24	26.93	-88.7556	-385.40
Доходность FCF, %	-42.67	85.29	45.47	-155.22	-111.97	214.46	554.98	5.24	-109.85			0.2606												133.02	-73.88

Coefficients

IFRS

Reporting Annual Quarterly

	2013	2014	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
P/E			33.67	90.83	17.21	14	-2.19	20.28	7.79	6.06	6.62		6.62	13.27	7.71	-224.76
P/BV			0.3283	0.4907	0.5276	0.307	0.2283	0.3023	0.0258	0.4086	0.4961		0.4961	1.70	0.2922	16.79
P/S			1.06	1.59	1.73	1.02	0.7151	0.9033	1.08	1.36	1.43		1.43	2.98	1.10	14.87
P/FCF				0.7258	-6.51	-0.7851	0.1914	-0.3456	0.3896	0.3418	0	0	0	2.82	-0.0416	-184.68
E/P				0.011	0.0581	0.0714	-0.4575	0.0493	0.1463	0.1628	0	0	0	87.84	-0.0055	17.92
EV/EBIT						6.47	10.28	-41.57	-15.49	117.53	-25.85	80.9	80.9		23.10	-214.24
EV/EBITDA	711.89	124.92				3.24	16.07	-7.24	-11.09	-8920.43			1961.87	-132.47	-1783.8900	-587.49
EV/S	39.01	12.19				0.7388	-3.05	-0.7922	-3.05	-9	-4.97	-4.97	-4.97	1.52	-4.5564	44.38
EV/FCF	-37.49	60.71				-0.5691	-0.8172	0.3031	-1.26	-5.17	2.86	2.86	2.86	1.51	-0.0814	56.66
Debt/EBITDA	715.67	110.25				22.46	-27.67	41.48	15.31	10922.9	10922.9	10922.9	10922.9	-176.54	6565.10	204.86
Netdebt/Ebitda				-12.37	-8.84	-0.4539	21.05	-15.48	-15	-10269.2	653.7	-7912.2	-7912.2	208.99	-3511.6360	248.10
Debt/Ratio	0.6836	0.1851				0.0977	0.091	0.0927	0.0917	0.2112	0.207	0.1969	0.1969	0.12	0.1599	16.26
Debt/Equity	14.46	3.96				1.54	1.68	1.52	1.46	3.41	0	14.53	14.53	11.32	4.52	53.95
Debt/Net Income	4817.03	390.89				70.3	-16.07	101.97	30.5	49.11	49.11	40.8	40.8	17.91	54.30	-16.74
PEG												12.87	12.87		12.87	0.00
Бета										0.1665	1.31	-6.92	-6.92	-0.90	-1.8145	-446.39
Индекс Альтмана				-0.0109	0.0143	-2.23	-0.0415	-0.0545	0.0364	0.026	0.0598	0.0209	0.0209	54.78	0.0177	-182.56

	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	Industry average	5 quarters average	CAGR 5
P/E																						21.95	23.53	7.45	5.22	6.07	6.46	7.34	7.96	7.07	10.27		13.27	7.82	9.72
P/BV																						0.3452	0.4426	0.0282	0.4038	0.4068	0.5131	0.5021	0.5611	0.5511	0.7171		1.70	0.5689	6.92
P/S																						3.55	5.12	1.27	1.1	0.9593	0.8677	1.02	1.08	1.24	2.41		2.98	1.32	22.67
P/FCF							-2.34	1.17	2.2	-0.6442	-0.8931	0.4663	0.1802	19.1	-0.9103							383.71											2.82	80.51	282.88
E/P																	0.0514	0.0449	0.0281	0.05	0.0129	0.0456	0.0425	0.0417	0.0496	0.0275							87.84	0.0414	-9.62
EV/EBIT																									-32.89	33.9	-84.6	-133.24				80.9		-27.1860	-219.72
EV/EBITDA					313.97	206.32															-59.07	-16.05	-30.55	-26.67	-22.09	6.94	-45.22	-97.92					-132.47	-36.9920	29.71
EV/S					38.3	39.98																		-7.32	-34.67	3.33	-14.08	-33.43	-35.53	-14.44		-4.97	1.52	-20.4900	-18.80
EV/FCF	57.33	17.36	26.84	42.68	8.25	-67.6																										2.86	1.51	2.61	-36.10
Debt/EBITDA					439.2	307.92																101.54	3.63	53.24	2.86	4551.21	-222.43	-13.03				10922.9	-176.54	3048.30	420.47
Netdebt/Ebitda																				-90.08	-270.77	-99.49	-98.37	-40.85	-77.53	272.38	7569.29	422.5				-7912.2	208.99	54.89	152.21
Debt/Ratio			0.512	0.1548	0.298	0.2778																		0.0958	0.0061	0.207	0.0056	0.0056				0.1969	0.12	0.0842	100.35
Debt/Equity			8.82	2.65	4.67	4.68																		1.55	0.0982	3.41	0.1071	0.1068				14.53	11.32	3.65	171.66
Debt/Net Income			-391.62	160.63	1498.14	522.23																		85.08	4.55	276.53	4.17	5.79				40.8	17.91	66.37	55.07
PEG																																12.87		12.87	0.00
Бета																															-3.86	-6.92	-0.90	-5.3900	33.89
Индекс Альтмана																-0.0047	0.0072	-0.0731	0.0166	0.0054	0.0267	0.0026		0.0089							0.0598	0.0209	54.78	0.0238	-4.78

Dividends

IFRS

Reporting Annual Quarterly

	2008	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
Див.выплата, млрд	0.657	0.25	0.25	0.25	0.25	0.25	0.25	0.25			0.2261	0.415					0.2782	10.67
Дивиденд					0.226		0.2234	0.2234	0.2			0.1893	0.33	0.5951	0.5951		0.3076	21.65
Див доход, ао, %					2.94	1.63	1.7	3.34	3.99	2.4		1.86	1.44	2.18	2.18	6.64	2.37	-11.39
Дивиденды / прибыль, %			94.7	23.54	89.61	160.26	28.9	38.82			15.76	10.17	15.5		15.5	49.72	21.83	-11.72

	2016Q2	2018Q3	2018Q4	2019Q1	2019Q2	2020Q2	2023Q2	Industry average	5 quarters average	CAGR 5
Див.выплата, млрд		0.25	0.25	0.25	0.25				0.2500	0.00
Дивиденд	0.226				0.2234	0.2	0.215		0.2161	-1.24
Див доход, ао, %	2.78				2.63	5.28	1.97	6.64	3.17	-8.25
Дивиденды / прибыль, %		114.68	219.3	208.33	92.25			49.72	158.64	-5.30

	Industry average	5 quarters average	CAGR 5

Other

IFRS

Reporting Annual

	2020	2021	2022	2023	2024	LTM	CAGR 5
CAPEX/Выручка, %	10.24	10.08	6.5	9.11	9.27	9.27	-1.97
Персонал, чел				38 307	42 098		4.83

	CAGR 5

	CAGR 5

Investing Port

Commerzbank AG

Reporting Commerzbank AG

Capitalization

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Dividends

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