DWS Group GmbH & Co KGaA (DWS) AI Stock Analysis

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DWS Group GmbH & Co KGaA

(XETRA:DWS)

Select Model

Rating:71Outperform

Price Target:EUR 76.00▲(11.60% Upside)

Action:reiterated

Date:10/03/26

The score is primarily driven by strong financial performance (notably 2025 revenue and margin expansion and a conservative, low-debt balance sheet). This is tempered by a clear deterioration in recent cash flow and weak technicals (price below key moving averages with negative MACD), while a moderate P/E and attractive dividend yield provide additional support.

Positive Factors

Revenue and margin expansionThe sharp 2025 improvement in revenue and profitability shows strong operating capacity and potential benefits from scale. If DWS can retain these margins while sustaining growth, higher earnings generation should support reinvestment, resilience, and shareholder returns over the next several quarters.

Negative Factors

Recent cash-flow deteriorationThe decline in operating and free cash flow is a meaningful counterpoint to stronger 2025 earnings because it weakens cash conversion and reduces confidence that the profit step-up is fully durable. Continued pressure could constrain distributions, investment capacity, or operational flexibility.

DWS Group GmbH & Co KGaA (DWS) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 13.62B
Dividend Yield: 4.41%
Average Volume (3M): 82.52K
Price to Earnings (P/E): 17.8
Beta (1Y): 1.29
Revenue Growth: 24.12%
EPS Growth: 34.62%
Country: Germany
Employees: 4,826
Sector: Financial
Sector Strength: 68
Industry: Asset Management

DWS Group GmbH & Co KGaA Business Overview & Revenue Model

Company Description

DWS Group GmbH & Co. KGaA, headquartered in Frankfurt am Main, Germany, delivers a comprehensive suite of asset management services across Europe, the Middle East, Africa, the Americas, and the Asia Pacific region. The company's diverse offerings spa...

How the Company Makes Money

DWS primarily makes money by charging fees for managing client assets and providing investment-related services. Its core revenue stream is management fees (often called base fees), which are typically calculated as a percentage of assets under manag...

DWS Group GmbH & Co KGaA Financial Statement Overview

Summary

Overall fundamentals are strong: sharp 2025 revenue acceleration (+24.1%) and major margin expansion (net margin ~29.4%, EBIT margin ~42.0%) plus a very low-debt balance sheet. Offsetting this, results have been uneven across years and 2025 cash metrics weakened (operating cash flow fell to €571M from €705M; free cash flow -24.6%), which reduces confidence in the durability of the 2025 step-up.

Income Statement

82Very Positive

Balance Sheet

86Very Positive

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.30B	4.34B	3.98B	3.88B	3.90B	3.86B
Gross Profit	3.63B	2.81B	1.86B	1.76B	2.51B	2.54B
EBITDA	1.79B	1.68B	1.02B	833.00M	1.21B	1.34B
Net Income	1.01B	927.00M	649.00M	551.00M	594.00M	780.00M
Balance Sheet
Total Assets	12.02B	11.78B	11.87B	11.68B	11.41B	11.61B
Cash, Cash Equivalents and Short-Term Investments	1.20B	1.02B	1.47B	3.08B	1.98B	2.19B
Total Debt	163.00M	153.00M	148.00M	160.00M	160.00M	211.00M
Total Liabilities	4.51B	4.29B	4.38B	3.87B	3.58B	4.17B
Stockholders Equity	7.49B	7.46B	7.47B	7.79B	7.80B	7.42B
Cash Flow
Free Cash Flow	714.00M	567.00M	675.00M	454.00M	668.00M	780.00M
Operating Cash Flow	721.00M	571.00M	705.00M	528.00M	708.00M	824.00M
Investing Cash Flow	-151.00M	-444.00M	530.00M	-609.00M	-521.00M	-478.00M
Financing Cash Flow	-640.00M	-466.00M	-1.25B	-447.00M	-473.00M	-379.00M

DWS Group GmbH & Co KGaA Technical Analysis

Technical Analysis SentimentPositive

Last Price68.10

Price Trends

50DMA69.57Negative

100DMA70.35Negative

200DMA63.24Positive

Market Momentum

MACD-0.63Negative

RSI55.31Neutral

STOCH67.10Neutral

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 68.10 is above the 20-day moving average (MA) of 65.65, below the 50-day MA of 69.57, and above the 200-day MA of 63.24, indicating a neutral trend. The MACD of -0.63 indicates Negative momentum. The RSI at 55.31 is Neutral, neither overbought nor oversold. The STOCH value of 67.10 is Neutral, 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

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

DE:DWS against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:DWS	71Outperform	EUR 13.62B	17.78	13.58%	4.41%	24.12%	34.62%
DE:MLP	68Neutral	EUR 1.28B	18.57	11.68%	3.08%	3.69%	15.26%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
DE:B7E	61Neutral	EUR 66.17M	2.81	22.05%	4.41%	-34.04%	77.23%
DE:LQAG	46Neutral	EUR 107.07M	-4.35	-37.23%	―	48.10%	-139.91%
DE:DBAN	40Underperform	EUR 391.14M	-20.39	-2.85%	4.81%	46.38%	-151.33%

* Financial Sector Average

Performance Comparison

DE:DWS and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:DWS	DWS Group	68.10	16.25	31.34%
DE:DBAN	Deutsche Beteiligungs	20.80	-2.19	-9.51%
DE:MLP	MLP AG	11.70	5.61	91.99%
DE:B7E	Blue Cap AG	14.75	-3.56	-19.43%
DE:LQAG	Lloyd Fonds Aktiengesellschaft	4.39	0.44	11.14%

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.

Date of analysis: Oct 03, 2026

DWS Group GmbH & Co KGaA AI Stock Analysis