DWS Stock Analysis: DWS GmbH & Co. KGaA | XETRA
Asset Management | XETRA, Germany | Market Cap: 14.180m EUR | 12M Return: 33.4% | DE000DWS1007 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.64M
Warnings
Tailwinds
Seasonality 8.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
DWS Group GmbH & Co. KGaA is a global asset manager headquartered in Frankfurt am Main, Germany, offering a broad range of investment products and solutions across equities, fixed income, cash, real estate, infrastructure, and private equity, alongside sustainable investment strategies. The firm serves both retail and institutional clients in Europe, the Middle East, Africa, the Americas, and Asia Pacific. Within private equity, DWS focuses on co-investments, emerging markets, small and medium-sized companies, direct buyouts, secondaries, and structured capital solutions, typically investing in performing assets in North America and Europe through minority or majority stakes, follow-on equity for M&A, and flexible capital structures.
As a large-cap player in the asset management industry, DWS generates revenue primarily through management and performance fees tied to assets under management (AUM), a business model common to publicly listed asset managers. The company was originally part of Deutsche Bank and was spun off and listed on the Frankfurt Stock Exchange in 2018.
- Assets under management decline on European outflows
- Net flows turn negative amid passive and ETF competition pressuring fees
- Deutsche Bank ownership stake limits capital allocation flexibility
| Net Income: 1.49b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -1.35 > 1.0 |
| NWC/Revenue: -28.09% < 20% (prev -30.22%; Δ 2.14% < -1%) |
| CFO/TA 0.05 > 3% & CFO 571.0m > Net Income 1.49b |
| Net Debt (-885.0m) to EBITDA (2.50b): -0.35 < 3 |
| Current Ratio: 0.48 > 1.5 & < 3 |
| Outstanding Shares: last quarter (200.0m) vs 12m ago 0.0% < -2% |
| Gross Margin: 62.37% > 18% (prev 35.85%; Δ 26.52% > 0.5%) |
| Asset Turnover: 64.46% > 50% (prev 42.41%; Δ 22.05% > 0%) |
| Interest Coverage Ratio: 7.98 > 6 (EBIT TTM 2.44b / Interest Expense TTM 306.0m) |
| A: -0.17 (Total Current Assets 1.92b - Total Current Liabilities 4.02b) / Total Assets 12.0b |
| B: 0.31 (Retained Earnings 3.68b / Total Assets 12.0b) |
| C: 0.21 (EBIT TTM 2.44b / Avg Total Assets 11.6b) |
| D: 1.66 (Book Value of Equity 7.49b / Total Liabilities 4.51b) |
| Altman-Z'' = 3.02 = A |
| DSRI: 1.55 (Receivables 700.0m/285.0m, Revenue 7.46b/4.72b) |
| GMI: 0.57 (GM 35.85% / 62.37%) |
| AQI: 0.98 (AQ_t 0.83 / AQ_t-1 0.84) |
| SGI: 1.58 (Revenue 7.46b / 4.72b) |
| TATA: 0.08 (NI 1.49b - CFO 571.0m) / TA 12.0b) |
| Beneish M = -2.54 (Cap -4..+1) = A |
As of October 07, 2026, the stock is trading at EUR 68.80 with a total of 78,766 shares traded. Over the past week, the price has changed by -4.11%, over one month by -9.29%, over three months by -1.57% and over the past year by +33.43%.
Current recommended Stop Loss: 64.50 (which is 6.2% or 2.8 ATR below the current price).
DWS GmbH & Co. KGaA has no consensus analysts rating.
P/E Trailing = 13.9293
P/E Forward = 13.3869
P/S = 2.9622
P/B = 1.9381
P/EG = 1.8433
Revenue TTM = 7.46b EUR
EBIT TTM = 2.44b EUR
EBITDA TTM = 2.50b EUR
Long Term Debt = 13.0m EUR (from longTermDebt, last quarter)
Short Term Debt = 2.00m EUR (from shortTermDebt, last fiscal year)
Debt = 313.0m EUR (from shortLongTermDebtTotal, last quarter) + Leases 150.0m
Net Debt = -885.0m EUR (calculated: Debt 313.0m - CCE 1.20b)
Enterprise Value = 13.3b EUR (14.2b + Debt 313.0m - CCE 1.20b)
Interest Coverage Ratio = 7.98 (Ebit TTM 2.44b / Interest Expense TTM 306.0m)
EV/FCF = 23.45x (Enterprise Value 13.3b / FCF TTM 567.0m)
FCF Yield = 4.26% (FCF TTM 567.0m / Enterprise Value 13.3b)
FCF Margin = 7.60% (FCF TTM 567.0m / Revenue TTM 7.46b)
Net Margin = 20.01% (Net Income TTM 1.49b / Revenue TTM 7.46b)
Gross Margin = 62.37% ((Revenue TTM 7.46b - Cost of Revenue TTM 2.81b) / Revenue TTM)
Gross Margin QoQ = 64.38% (prev 43.22%)
Tobins Q-Ratio = 1.11 (Enterprise Value 13.3b / Total Assets 12.0b)
Interest Expense / Debt = 97.76% (Interest Expense 306.0m / Debt 313.0m)
Taxrate = 26.39% (180.0m / 682.0m)
NOPAT = 1.80b (EBIT 2.44b * (1 - 26.39%))
Current Ratio = 0.48 (Total Current Assets 1.92b / Total Current Liabilities 4.02b)
Debt / Equity = 0.04 (Debt 313.0m / totalStockholderEquity, last quarter 7.49b)
Debt / EBITDA = -0.35 (Net Debt -885.0m / EBITDA 2.50b)
Debt / FCF = -1.56 (Net Debt -885.0m / FCF TTM 567.0m)
Total Stockholder Equity = 7.34b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.90% (Net Income 1.49b / Total Assets 12.0b)
RoE = 20.33% (Net Income TTM 1.49b / Total Stockholder Equity 7.34b)
RoCE = 33.20% (EBIT 2.44b / Capital Employed (Equity 7.34b + L.T.Debt 13.0m))
RoIC = 23.56% (NOPAT 1.80b / Invested Capital 7.63b)
WACC = 8.12% (E(14.2b)/V(14.5b) * Re(8.30%) + (debt cost/tax rate unavailable))
Discount Rate = 8.30% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -40.62 | Cagr: 0.0%
[DCF] Terminal Value 73.10% ; FCFF base≈610.2m ; Y1≈535.1m ; Y5≈432.3m
[DCF] Fair Price = 39.12 (EV 6.94b - Net Debt -885.0m = Equity 7.82b / Shares 200.0m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 99.28 | EPS CAGR: 25.84% | SUE: 0.95 | # QB: 3
Revenue Correlation: 56.29 | Revenue CAGR: 11.16% | SUE: 4.0 | # QB: 1
EPS current Quarter (2026-09-30): EPS=1.37 | Chg30d=+10.29% | Revisions=+40% | Analysts=2
EPS current Year (2026-12-31): EPS=5.25 | Chg30d=-0.81% | Revisions=+62% | GrowthEPS=+11.6% | GrowthRev=+4.5%
EPS next Year (2027-12-31): EPS=5.55 | Chg30d=+3.54% | Revisions=+0% | GrowthEPS=+5.8% | GrowthRev=+4.0%
[Analyst] Revisions Ratio: +44% (up=10, down=3)