Deutsche Pfandbriefbank AG (DE:PBB)
XETRA:PBB
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Deutsche Pfandbriefbank
(XETRA:PBB)
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Rating:42Neutral
Price Target:
€3.00
▼(-13.54% Downside)
Action:ReiteratedDate:03/28/26
The score is held down primarily by weak financial performance (2025 loss, high leverage, and volatile/negative cash flows) and a bearish technical setup (price below major moving averages with negative MACD). A high dividend yield provides some support, but negative earnings reduce valuation clarity and overall confidence.
Positive Factors
Specialist business model
pbb's focused franchise in commercial real estate and public/infrastructure lending creates durable underwriting expertise, client relationships, and product specialization. That specialization supports repeat deal flow, tailored risk assessment, and a stable niche position versus generalist banks over the medium term.
Negative Factors
High leverage
Debt-to-equity near 6.9x leaves the bank highly sensitive to credit losses, interest-rate shifts, and funding stress. High leverage limits flexibility to absorb further shocks, increases refinancing and regulatory risk, and constrains management's ability to pursue growth without further capital or liability management.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialist business model
pbb's focused franchise in commercial real estate and public/infrastructure lending creates durable underwriting expertise, client relationships, and product specialization. That specialization supports repeat deal flow, tailored risk assessment, and a stable niche position versus generalist banks over the medium term.
Read all positive factors
Deutsche Pfandbriefbank (PBB) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€423.06M
Dividend Yield3.61%
Average Volume (3M)227.73K
Price to Earnings (P/E)―
Beta (1Y)1.15
Revenue Growth-25.75%
EPS Growth-496.17%
CountryDE
Employees656
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Mortgages
Share Statistics
EPS (TTM)-0.40
Shares Outstanding134,475,310
10 Day Avg. Volume220,967
30 Day Avg. Volume227,730
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.20
Price to Sales (P/S)0.25
P/FCF Ratio-4.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€4.00Price Target Upside15.27% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.05
Revenue Forecast (FY)€428.03M
Deutsche Pfandbriefbank Business Overview & Revenue Model
Company Description
Deutsche Pfandbriefbank AG provides commercial real estate and public investment finance products. Its commercial real estate financing activities include financing instruments, such as financing investment projects, development finance, cross-bor...
How the Company Makes Money
pbb makes money primarily through net interest income generated by originating and holding interest-earning loans—mainly commercial real estate and investment/public-related financings—funded by interest-bearing liabilities. The core mechanism is ...
Deutsche Pfandbriefbank Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
38
Negative
Cash Flow
27
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.25B | 374.00M | 391.00M | 1.64B | 1.59B |
| Gross Profit | 27.00M | 374.00M | 391.00M | 487.00M | 510.00M |
| EBITDA | -242.00M | 125.00M | 117.00M | 235.00M | 266.00M |
| Net Income | -284.00M | 90.00M | 91.00M | 188.00M | 229.00M |
Balance Sheet | |||||
| Total Assets | 39.88B | 44.17B | 50.88B | 53.01B | 58.40B |
| Cash, Cash Equivalents and Short-Term Investments | 1.56B | 2.01B | 2.73B | 1.04B | 6.61B |
| Total Debt | 19.28B | 21.58B | 27.38B | 30.08B | 32.85B |
| Total Liabilities | 37.08B | 40.75B | 47.52B | 49.88B | 55.27B |
| Stockholders Equity | 2.81B | 3.42B | 3.37B | 3.42B | 3.12B |
Cash Flow | |||||
| Free Cash Flow | -140.00M | -2.22B | 398.00M | -32.00M | 213.00M |
| Operating Cash Flow | -133.00M | -2.19B | 421.00M | -13.00M | 228.00M |
| Investing Cash Flow | -309.00M | 1.51B | 1.44B | -5.35B | 1.13B |
| Financing Cash Flow | -10.00M | -31.00M | -181.00M | -201.00M | -126.00M |
Deutsche Pfandbriefbank Technical Analysis
Neutral
3.47
Price Trends
3.31
Positive
3.81
Negative
4.43
Negative
Market Momentum
0.04
Negative
63.67
Neutral
97.53
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:PBB, the sentiment is Neutral. The current price of 3.47 is above the 20-day moving average (MA) of 3.07, above the 50-day MA of 3.31, and below the 200-day MA of 4.43, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 63.67 is Neutral, neither overbought nor oversold. The STOCH value of 97.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:PBB.
Deutsche Pfandbriefbank Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | €394.92M | 27.52 | 3.15% | 10.90% | -3.89% | -23.25% | |
56 Neutral | €541.71M | 33.18 | 7.03% | ― | 7.48% | 107.16% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €636.97M | 19.78 | 1.56% | 4.33% | 1.30% | 19.11% | |
48 Neutral | €44.74M | -0.48 | -53.51% | ― | -38.73% | -2.33% | |
42 Neutral | €423.06M | -2.00 | -10.36% | 3.61% | -25.75% | -496.17% | |
39 Underperform | €127.02M | -0.37 | -40.94% | ― | -13.22% | -67.54% |
* General Sector Average
DE:PBB
Deutsche Pfandbriefbank
3.27
-2.01
-38.06%
DE:DMRE
DEMIRE Deutsche Mittelstand Real Estate ate ate
0.42
-0.25
-37.44%
DE:BRNK
DIC ASSET
1.32
-0.66
-33.45%
DE:HABA
Hamborner REIT
4.86
-0.82
-14.48%
DE:HYQ
HYPOPORT
80.50
-113.70
-58.55%
DE:PAT
Patrizia Immobilien
7.50
0.45
6.44%
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.