stock exchange
DSW lists the biggest “capital destroyers”.
The Dax curve in the trading room of the Deutsche Börse in Frankfurt (archive image). Photo: Boris Roessler/dpa
© dpa-infocom GmbH
The overview of the DSW shareholders’ association is teeming with red figures: 50 companies have burned their shareholders’ money in the past few years.
A number of listed companies do not make their shareholders happy. The German Protection Association for Securities Ownership (DSW) counts the biotech company Epigenomics, the online retailer Windeln.de and the betting provider Bet-At-Home among the biggest “capital destroyers”.
Well-known companies such as ThyssenKrupp and Lufthansa as well as four DAX companies can also be found on the negative list of 50 companies for 2021, which DSW presented on Monday.
Corona crisis exacerbates previous problems
“Overall, it is a warning signal that shareholders should take seriously if one of the companies in their portfolio appears on a DSW watch list,” warned DSW CEO Marc Tüngler. “Especially the companies that were already ailing before the Corona crisis find themselves in a particularly precarious situation. The problems multiply and deepen. Not least against the background that the next massive crisis is already here with the war of aggression waged by Russia against Ukraine. »
In terms of flops, Epigenomics took first place for the second time in a row. The shares of the company, which specializes in the development of technologies for detecting cancer, lost significantly in value over a one-year (down 81 percent), three-year (down 95 percent) and five-year (down 98 percent) period. Only in the five-year period was Epigenomics surpassed by the second-placed Windel.de SE: Shareholders who had their shares in their portfolio for so long lost almost their entire stake with a minus of 99 percent.
A well-known name no longer appears
The list, which also takes dividend payments into account, also includes a whole range of well-known names: such as the steel and industrial group ThyssenKrupp (19th place), the electronics retailer Ceconomy (20th) and Germany’s largest airline Lufthansa (24th). “On the other hand, Deutsche Bank, which has almost been part of the inventory for a number of years, is no longer there,” said DSW.
The first of four companies from the German stock index (Dax) is in 29th place on the list of “capital destroyers” this year: the clinic and medical group Fresenius. Also on the inglorious list are Henkel (32), Bayer (36) and Continental (38) from the first German stock exchange league.