Borussia Dortmund (FRA: BVB)

Last close As at 20/11/2024

EUR3.19

−0.02 (−0.62%)

Market capitalisation

EUR353m

The group operates Borussia Dortmund, a leading football club, placed second in the Bundesliga in 2022/23, DFB Super Cup winners in 2019/20 and DFB-Pokal winners in 2020/21. The club has qualified for the Champions League in 12 of the last 13 seasons.

Unsustainable spend on wages and transfers is increasingly being penalised by UEFA Financial Fair Play requirements. A ‘break-even requirement’ obliges clubs to spend no more than they generate over a rolling three-year period. Sanctions vary from a warning to a ban from UEFA competitions, fines and a cap on wages and squad size.

Latest Insights

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Consumer | Update

Borussia Dortmund — London calling

Consumer | Update

Borussia Dortmund — Helping itself

Consumer | Update

Borussia Dortmund — Progressing nicely

Consumer | Update

Borussia Dortmund — A more normal schedule

Borussia-Dortmund_resized

Sector

Consumer

Equity Analyst

Russell Pointon

Russell Pointon

Director of Content, Consumer and Media

Richard Finch

Richard Finch

Analyst, Consumer

Key Management

  • Hans-Joachim Watzke

    CEO

  • Thomas Treß

    CFO

Balance Sheet

Forecast net debt (€m)

0.8

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (10.1) (17.0) (12.5)
Relative (7.1) (19.9) (26.8)
52 week high/low €4.2/€3.1

Financials

Borussia Dortmund’s headline FY24 figures showed the highest revenue in its history, primarily due to the success of reaching the final of the Champions League, which translated to a significant increase in net profit to €44.3m in FY24 from €9.6m in FY23.

Y/E Jun Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2023A 418.2 123.2 104.1 63.4 5.0 3.0
2024A 509.1 143.3 132.4 82.0 3.9 2.5
2025E 456.8 121.3 111.5 67.9 4.7 2.8
2026E N/A N/A N/A N/A N/A N/A

Research

Outlook

Consumer

Borussia Dortmund — The roar of the fans

Flash note

Consumer

Borussia Dortmund — Managing the costs

Update

Consumer

Borussia Dortmund — Nice finish

edison tv

Consumer

Borussia Dortmund – executive interview

Update

Consumer

Borussia Dortmund — Uncertain times continue

edison tv

Consumer

Borussia Dortmund – EKF interview

QuickView

Consumer

Borussia Dortmund — Leading global football brand

Outlook

Consumer

Borussia Dortmund — Another brick in the yellow wall

Update

Consumer

Borussia Dortmund — Good to see you again

Update

Consumer

Borussia Dortmund — Exciting viewing ahead

Update

Consumer

Borussia Dortmund — Fine margins

QuickView

Consumer

Borussia Dortmund — Quick off the mark

Update

Consumer

Borussia Dortmund — Scoring for fun

Update

Consumer

Borussia Dortmund — Asset value growth to the fore

Outlook

Consumer

Borussia Dortmund — Bumps in the road

Update

Consumer

Borussia Dortmund — Finding its feet

Update

Consumer

Borussia Dortmund — Christmas comes early

Update

Consumer

Borussia Dortmund — Update 16 March 2017

Update

Consumer

Borussia Dortmund — Update 5 October 2016

Update

Consumer

Borussia Dortmund — Update 15 July 2016

Update

Consumer

Borussia Dortmund — Update 10 March 2016

Further insights

insight

TMT

Borussia Dortmund: EKF 2023 QuickView

insight

Consumer

Investing in sports

thematic

Consumer

ConsumerWatch – Falling into the fall

thematic

Consumer

ConsumerWatch – Making the most of the summer

thematic

Consumer

ConsumerWatch – A Spring in the step

thematic

Consumer

ConsumerWatch – January sales

thematic

Consumer

ConsumerWatch – Bargains galore

thematic

Consumer

IPO apocalypse

thematic

Consumer

Food tech – At the forefront of food innovation

thematic

TMT

ESG, moving beyond the box tick

thematic

Consumer

ConsumerWatch – Value emerging

thematic

Consumer

Circular economy business models

thematic

Consumer

Moving from a vegan January to a sustainable one

thematic

Consumer

The growth of UK food ordering and delivery platform

thematic

Consumer

Meating Demand – The lean, green money-making machine

thematic

Consumer

Illuminator: August Update

thematic

Consumer

Deutsche Börse Eigenkapitalforum 2014 Research Guide