Deutsche Bank Aktiengesellschaft (DB) vs Lloyds Banking Group PLC (LYG)

Deutsche Bank Aktiengesellschaft and Lloyds Banking Group PLC are both Banks Regional companies. Lloyds Banking Group PLC is the larger, with a market value of $82.7B against $67.4B — 1.2× the size. Deutsche Bank Aktiengesellschaft trades at the lower P/E: 8.5× against 16.3×. Deutsche Bank Aktiengesellschaft grew revenue faster over the last twelve months: −0.57% against −42.6%. Lloyds Banking Group PLC has the higher net margin (55.0% vs 9.99%) and the higher return on invested capital (0.00% vs 0.00%). Both pay a dividend; Lloyds Banking Group PLC yields more (6.78% vs 5.75%). Across the 19 metrics below, Deutsche Bank Aktiengesellschaft leads on 14 and Lloyds Banking Group PLC on 5.

Valuation

Metric DB LYG Banks Regional median
P/E 8.51 16.28 12.15
P/S 1.00 7.46 2.37
P/B 0.73 1.34 1.21
Price to free cash flow 1.21 2.23 10.80
EV/EBITDA n/m n/m —
EV/Sales (3.17) (18.48) 2.27
Earnings yield 11.75% 6.14% 8.11%
Free cash flow yield 82.44% 44.85% 8.98%

Profitability

Metric DB LYG Banks Regional median
Gross margin 53.63% 66.28% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 9.99% 55.01% 18.66%
Free cash flow margin 82.71% 0.00% 21.18%
Return on equity 7.44% 0.00% 10.64%
Return on assets 0.41% 0.00% 1.13%
Return on invested capital 0.00% 0.00% 8.33%

Growth

Metric DB LYG Banks Regional median
Revenue growth (TTM) (0.57%) (42.59%) 6.61%
EPS growth (last fiscal year) 136.49% (10.00%) —
Revenue growth, 5-year CAGR 14.41% 3.00% 12.30%
Net income growth, 5-year CAGR 64.34% 37.87% 9.71%

Health

Metric DB LYG Banks Regional median
Debt to equity 1.35 2.12 0.22
Current ratio 0.72 1.52 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric DB LYG Banks Regional median
Dividend yield 5.75% 6.78% 3.75%
Payout ratio 0.13 0.29 0.27

Size

Metric DB LYG Banks Regional median
Market cap 67.35b 82.72b 921.07m

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