DWS Group GmbH & Co KGaA (DE:DWS)
XETRA:DWS
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DWS Group GmbH & Co KGaA
(XETRA:DWS)
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Rating:67Neutral
Price Target:
€65.00
▲(8.51% Upside)
Action:DowngradedDate:03/15/26
The score is mainly supported by strong financial performance (high profitability and very low leverage), partially offset by a 2025 pullback in operating/free cash flow. Technical signals are the biggest drag due to weak momentum and price trading below key moving averages, while valuation and dividend yield provide a meaningful cushion.
Positive Factors
Recurring fee-based business model
DWS earns recurring management fees across funds, ETFs and mandates, creating predictable, repeatable revenue tied to AUM and client retention. This business model supports steady fee income, scalable margins on higher AUM, and long-term cash generation versus transaction-based models.
Negative Factors
Declining cash conversion in 2025
Material drop in operating and free cash flow despite stronger reported profits signals weaker cash conversion. Lower cash generation can constrain dividends, buybacks or strategic investments, and raises risk that earnings quality or timing of receipts may be uneven in stress periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring fee-based business model
DWS earns recurring management fees across funds, ETFs and mandates, creating predictable, repeatable revenue tied to AUM and client retention. This business model supports steady fee income, scalable margins on higher AUM, and long-term cash generation versus transaction-based models.
Read all positive factors
DWS Group GmbH & Co KGaA (DWS) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€11.40B
Dividend Yield3.91%
Average Volume (3M)73.09K
Price to Earnings (P/E)12.2
Beta (1Y)1.26
Revenue Growth21.42%
EPS Growth42.84%
CountryDE
Employees4,598
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)1.48
Shares Outstanding200,000,000
10 Day Avg. Volume90,743
30 Day Avg. Volume73,088
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)1.51
Price to Sales (P/S)2.60
P/FCF Ratio19.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€60.67Price Target Upside1.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)4.96
Revenue Forecast (FY)€3.19B
DWS Group GmbH & Co KGaA Business Overview & Revenue Model
Company Description
DWS Group GmbH & Co. KGaA offers asset management services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company's products and solutions cover equities, fixed income, cash, real estate, infrastructure, and private eq...
How the Company Makes Money
DWS primarily makes money by charging fees for managing client assets and operating investment products.
1) Management fees on assets under management (AUM): The core revenue stream is recurring management fees earned for running mutual funds, ET...
DWS Group GmbH & Co KGaA Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.34B | 3.98B | 3.88B | 3.90B | 3.86B |
| Gross Profit | 2.81B | 1.86B | 1.76B | 2.51B | 2.54B |
| EBITDA | 1.68B | 1.02B | 833.00M | 1.21B | 1.34B |
| Net Income | 927.00M | 649.00M | 551.00M | 594.00M | 780.00M |
Balance Sheet | |||||
| Total Assets | 11.78B | 11.87B | 11.68B | 11.41B | 11.61B |
| Cash, Cash Equivalents and Short-Term Investments | 1.02B | 1.47B | 3.08B | 1.98B | 2.19B |
| Total Debt | 153.00M | 148.00M | 160.00M | 160.00M | 211.00M |
| Total Liabilities | 4.29B | 4.38B | 3.87B | 3.58B | 4.17B |
| Stockholders Equity | 7.46B | 7.47B | 7.79B | 7.80B | 7.42B |
Cash Flow | |||||
| Free Cash Flow | 567.00M | 675.00M | 454.00M | 668.00M | 780.00M |
| Operating Cash Flow | 571.00M | 705.00M | 528.00M | 708.00M | 824.00M |
| Investing Cash Flow | -444.00M | 530.00M | -609.00M | -521.00M | -478.00M |
| Financing Cash Flow | -466.00M | -1.25B | -447.00M | -473.00M | -379.00M |
DWS Group GmbH & Co KGaA Technical Analysis
Positive
59.90
Price Trends
56.97
Positive
56.66
Positive
54.76
Positive
Market Momentum
0.55
Negative
64.23
Neutral
92.86
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:DWS, the sentiment is Positive. The current price of 59.9 is above the 20-day moving average (MA) of 55.50, above the 50-day MA of 56.97, and above the 200-day MA of 54.76, indicating a bullish trend. The MACD of 0.55 indicates Negative momentum. The RSI at 64.23 is Neutral, neither overbought nor oversold. The STOCH value of 92.86 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:DWS.
DWS Group GmbH & Co KGaA Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | €178.36M | 7.35 | 15.86% | 5.53% | 0.49% | 38.41% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | €11.40B | 12.18 | 10.11% | 3.91% | 21.42% | 42.84% | |
60 Neutral | €472.95M | 6.87 | 3.88% | 4.99% | -47.41% | -46.22% | |
55 Neutral | €80.98M | 2.93 | 20.85% | 3.71% | -29.22% | ― | |
53 Neutral | €832.97M | 13.59 | 9.58% | 5.21% | 0.91% | -19.62% | |
46 Neutral | €81.98M | -5.44 | -32.51% | ― | 11.71% | -140.08% |
* Financial Sector Average
DE:DWS
DWS Group GmbH & Co KGaA
57.50
13.78
31.52%
DE:DBAN
Deutsche Beteiligungs
25.50
1.71
7.18%
DE:MLP
MLP AG
7.53
-0.13
-1.72%
DE:MPCK
MPC Munchmeyer Petersen Capital AG
5.06
0.70
16.06%
DE:B7E
Blue Cap AG
17.95
2.09
13.18%
DE:LQAG
Lloyd Fonds Aktiengesellschaft
4.52
0.70
18.32%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.