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Allianz SE VNA O.N.
Buy, Hold or Sell?

Let's analyse Allianz together

PenkeI guess you are interested in Allianz SE VNA O.N.. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Allianz SE VNA O.N.. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Allianz (30 sec.)










What can you expect buying and holding a share of Allianz? (30 sec.)

How much money do you get?

How much money do you get?
€51.91
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
€134.18
Expected worth in 1 year
€-147.39
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
€-234.35
Return On Investment
-101.6%

For what price can you sell your share?

Current Price per Share
€230.55
Expected price per share
€224.60 - €234.55
How sure are you?
50%
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1. Valuation of Allianz (5 min.)




Live pricePrice per Share (EOD)

€230.55

Intrinsic Value Per Share

€-698.91 - €311.42

Total Value Per Share

€-564.72 - €445.60

2. Growth of Allianz (5 min.)




Is Allianz growing?

Current yearPrevious yearGrowGrow %
How rich?$60.7b$92.5b-$31.8b-52.5%

How much money is Allianz making?

Current yearPrevious yearGrowGrow %
Making money$7.4b$7.2b$140.7m1.9%
Net Profit Margin5.9%5.6%--

How much money comes from the company's main activities?

3. Financial Health of Allianz (5 min.)




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What can you expect buying and holding a share of Allianz? (5 min.)

Welcome investor! Allianz's management wants to use your money to grow the business. In return you get a share of Allianz.

What can you expect buying and holding a share of Allianz?

First you should know what it really means to hold a share of Allianz. And how you can make/lose money.

Speculation

The Price per Share of Allianz is €230.55. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Allianz.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Allianz, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is €134.18. Based on the TTM, the Book Value Change Per Share is €-70.39 per quarter. Based on the YOY, the Book Value Change Per Share is €0.47 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €11.81 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Allianz.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps17.687.7%17.687.7%17.527.6%18.628.1%17.227.5%
Usd Book Value Change Per Share-77.39-33.6%-77.39-33.6%0.520.2%-4.28-1.9%1.100.5%
Usd Dividend Per Share12.985.6%12.985.6%11.404.9%11.094.8%9.354.1%
Usd Total Gains Per Share-64.41-27.9%-64.41-27.9%11.925.2%6.813.0%10.464.5%
Usd Price Per Share220.87-220.87-228.29-220.49-195.97-
Price to Earnings Ratio12.50-12.50-13.03-11.88-11.34-
Price-to-Total Gains Ratio-3.43--3.43-19.15-17.12-8.56-
Price to Book Ratio1.50-1.50-1.02-1.17-1.13-
Price-to-Total Gains Ratio-3.43--3.43-19.15-17.12-8.56-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share253.46667
Number of shares3
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share12.9811.09
Usd Book Value Change Per Share-77.39-4.28
Usd Total Gains Per Share-64.416.81
Gains per Quarter (3 shares)-193.2320.43
Gains per Year (3 shares)-772.9481.73
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1156-929-783133-5172
2311-1857-1556266-103154
3467-2786-2329399-154236
4623-3715-3102532-205318
5779-4643-3875665-257400
6934-5572-4648798-308482
71090-6501-5421931-359564
81246-7429-61941064-410646
91402-8358-69671197-462728
101557-9287-77401330-513810

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%18.01.00.094.7%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%3.02.00.060.0%6.04.00.060.0%12.06.01.063.2%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%19.00.00.0100.0%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%8.02.00.080.0%15.04.00.078.9%
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Fundamentals of Allianz

About Allianz SE VNA O.N.

Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. The company's Property-Casualty segment offers various insurance products, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit, and travel to private and corporate customers. Its Life/Health segment provides a range of life and health insurance products on an individual and a group basis, such as annuities, endowment and term insurance, and unit-linked and investment-oriented products, as well as private and supplemental health, and long-term care insurance products. The company's Asset Management segment offers institutional and retail asset management products and services to third-party investors comprising equity and fixed income funds, and multi-assets; and alternative investment products that include real estate, infrastructure debt/equity, real assets, liquid alternatives, and solutions. Its Corporate and Other segment provides banking services for retail clients, as well as digital investment services. Allianz SE was founded in 1890 and is headquartered in Munich, Germany.

Fundamental data was last updated by Penke on 2023-11-12 12:30:02.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is expensive.
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1.1. Profitability of Allianz SE VNA O.N..

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Allianz earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Allianz to the Insurance - Diversified industry mean.
  • A Net Profit Margin of 5.9% means that €0.06 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Allianz SE VNA O.N.:

  • The MRQ is 5.9%. The company is making a profit. +1
  • The TTM is 5.9%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ5.9%TTM5.9%0.0%
TTM5.9%YOY5.6%+0.3%
TTM5.9%5Y6.4%-0.5%
5Y6.4%10Y6.3%+0.1%
1.1.2. Return on Assets

Shows how efficient Allianz is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Allianz to the Insurance - Diversified industry mean.
  • 0.7% Return on Assets means that Allianz generated €0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Allianz SE VNA O.N.:

  • The MRQ is 0.7%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.7%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.7%TTM0.7%0.0%
TTM0.7%YOY0.6%+0.1%
TTM0.7%5Y0.7%0.0%
5Y0.7%10Y0.7%0.0%
1.1.3. Return on Equity

Shows how efficient Allianz is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Allianz to the Insurance - Diversified industry mean.
  • 13.1% Return on Equity means Allianz generated €0.13 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Allianz SE VNA O.N.:

  • The MRQ is 13.1%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 13.1%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ13.1%TTM13.1%0.0%
TTM13.1%YOY8.3%+4.8%
TTM13.1%5Y10.5%+2.6%
5Y10.5%10Y10.6%-0.1%
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1.2. Operating Efficiency of Allianz SE VNA O.N..

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Allianz is operating .

  • Measures how much profit Allianz makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Allianz to the Insurance - Diversified industry mean.
  • An Operating Margin of 9.3% means the company generated €0.09  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Allianz SE VNA O.N.:

  • The MRQ is 9.3%. The company is operating less efficient.
  • The TTM is 9.3%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ9.3%TTM9.3%0.0%
TTM9.3%YOY2.9%+6.4%
TTM9.3%5Y8.6%+0.7%
5Y8.6%10Y9.4%-0.8%
1.2.2. Operating Ratio

Measures how efficient Allianz is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Insurance - Diversified industry mean).
  • An Operation Ratio of -0.91 means that the operating costs are €-0.91 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Allianz SE VNA O.N.:

  • The MRQ is -0.907.
  • The TTM is -0.907.
Trends
Current periodCompared to+/- 
MRQ-0.907TTM-0.9070.000
TTM-0.907YOY-0.971+0.064
TTM-0.9075Y-0.421-0.486
5Y-0.42110Y0.186-0.608
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1.3. Liquidity of Allianz SE VNA O.N..

1.3. Liquidity
1.3.1. Current Ratio

Measures if Allianz is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Insurance - Diversified industry mean).
  • A Current Ratio of 44.07 means the company has €44.07 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Allianz SE VNA O.N.:

  • The MRQ is 44.073. The company is very able to pay all its short-term debts. +2
  • The TTM is 44.073. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ44.073TTM44.0730.000
TTM44.073YOY51.687-7.613
TTM44.0735Y46.747-2.673
5Y46.74710Y26.094+20.653
1.3.2. Quick Ratio

Measures if Allianz is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Allianz to the Insurance - Diversified industry mean.
  • A Quick Ratio of 88.52 means the company can pay off €88.52 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Allianz SE VNA O.N.:

  • The MRQ is 88.520. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 88.520. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ88.520TTM88.5200.000
TTM88.520YOY103.539-15.020
TTM88.5205Y95.206-6.686
5Y95.20610Y56.069+39.137
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1.4. Solvency of Allianz SE VNA O.N..

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Allianz assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Allianz to Insurance - Diversified industry mean.
  • A Debt to Asset Ratio of 0.95 means that Allianz assets are financed with 94.6% credit (debt) and the remaining percentage (100% - 94.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Allianz SE VNA O.N.:

  • The MRQ is 0.946. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.946. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.946TTM0.9460.000
TTM0.946YOY0.926+0.020
TTM0.9465Y0.929+0.017
5Y0.92910Y0.926+0.003
1.4.2. Debt to Equity Ratio

Measures if Allianz is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Allianz to the Insurance - Diversified industry mean.
  • A Debt to Equity ratio of 1,877.2% means that company has €18.77 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Allianz SE VNA O.N.:

  • The MRQ is 18.772. The company is unable to pay all its debts with equity. -1
  • The TTM is 18.772. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ18.772TTM18.7720.000
TTM18.772YOY13.198+5.574
TTM18.7725Y14.055+4.717
5Y14.05510Y13.282+0.773
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2. Market Valuation of Allianz SE VNA O.N.

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Allianz generates.

  • Above 15 is considered overpriced but always compare Allianz to the Insurance - Diversified industry mean.
  • A PE ratio of 12.50 means the investor is paying €12.50 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Allianz SE VNA O.N.:

  • The EOD is 14.340. Based on the earnings, the company is underpriced. +1
  • The MRQ is 12.496. Based on the earnings, the company is underpriced. +1
  • The TTM is 12.496. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD14.340MRQ12.496+1.844
MRQ12.496TTM12.4960.000
TTM12.496YOY13.032-0.536
TTM12.4965Y11.879+0.616
5Y11.87910Y11.340+0.539
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Allianz SE VNA O.N.:

  • The EOD is 274.321. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is 239.041. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 239.041. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD274.321MRQ239.041+35.279
MRQ239.041TTM239.0410.000
TTM239.041YOY3.605+235.436
TTM239.0415Y50.214+188.827
5Y50.21410Y26.568+23.647
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Allianz is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Insurance - Diversified industry mean).
  • A PB ratio of 1.50 means the investor is paying €1.50 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Allianz SE VNA O.N.:

  • The EOD is 1.718. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.497. Based on the equity, the company is underpriced. +1
  • The TTM is 1.497. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.718MRQ1.497+0.221
MRQ1.497TTM1.4970.000
TTM1.497YOY1.015+0.482
TTM1.4975Y1.172+0.325
5Y1.17210Y1.135+0.037
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Allianz SE VNA O.N. compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---70.393-70.3930%0.472-15003%-3.889-94%1.002-7126%
Book Value Per Share--134.184134.1840%204.577-34%175.142-23%158.545-15%
Current Ratio--44.07344.0730%51.687-15%46.747-6%26.094+69%
Debt To Asset Ratio--0.9460.9460%0.926+2%0.929+2%0.926+2%
Debt To Equity Ratio--18.77218.7720%13.198+42%14.055+34%13.282+41%
Dividend Per Share--11.80511.8050%10.372+14%10.084+17%8.509+39%
Eps--16.07816.0780%15.934+1%16.938-5%15.662+3%
Free Cash Flow Per Share--0.8400.8400%57.599-99%54.519-98%54.857-98%
Free Cash Flow To Equity Per Share---15.254-15.2540%48.403-132%43.301-135%46.101-133%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--311.419--------
Intrinsic Value_10Y_min---698.906--------
Intrinsic Value_1Y_max--49.870--------
Intrinsic Value_1Y_min--15.474--------
Intrinsic Value_3Y_max--135.616--------
Intrinsic Value_3Y_min---27.293--------
Intrinsic Value_5Y_max--204.215--------
Intrinsic Value_5Y_min---150.598--------
Market Cap92586342105.600+11%82708328336.90082708328336.9000%85487229363.650-3%83628598290.170-1%77130108819.515+7%
Net Profit Margin--0.0590.0590%0.056+6%0.064-7%0.063-6%
Operating Margin--0.0930.0930%0.029+219%0.086+8%0.094-1%
Operating Ratio---0.907-0.9070%-0.971+7%-0.421-54%0.186-587%
Pb Ratio1.718+13%1.4971.4970%1.015+48%1.172+28%1.135+32%
Pe Ratio14.340+13%12.49612.4960%13.032-4%11.879+5%11.340+10%
Price Per Share230.550+13%200.900200.9000%207.650-3%200.558+0%178.254+13%
Price To Free Cash Flow Ratio274.321+13%239.041239.0410%3.605+6531%50.214+376%26.568+800%
Price To Total Gains Ratio-3.935-15%-3.429-3.4290%19.148-118%17.118-120%8.562-140%
Quick Ratio--88.52088.5200%103.539-15%95.206-7%56.069+58%
Return On Assets--0.0070.0070%0.006+14%0.007-6%0.007-11%
Return On Equity--0.1310.1310%0.083+58%0.105+24%0.106+24%
Total Gains Per Share---58.588-58.5880%10.844-640%6.195-1046%9.511-716%
Usd Book Value--60733054800.00060733054800.0000%92593666800.000-34%80278627760.000-24%75500965180.000-20%
Usd Book Value Change Per Share---77.390-77.3900%0.519-15003%-4.276-94%1.102-7126%
Usd Book Value Per Share--147.522147.5220%224.912-34%192.551-23%174.304-15%
Usd Dividend Per Share--12.97812.9780%11.403+14%11.087+17%9.355+39%
Usd Eps--17.67617.6760%17.518+1%18.621-5%17.219+3%
Usd Free Cash Flow--380392400.000380392400.0000%26070072200.000-99%25078193520.000-98%26273571140.000-99%
Usd Free Cash Flow Per Share--0.9240.9240%63.325-99%59.938-98%60.310-98%
Usd Free Cash Flow To Equity Per Share---16.771-16.7710%53.214-132%47.605-135%50.684-133%
Usd Market Cap101789424510.897+11%90929536173.58890929536173.5880%93984659962.397-3%91941280960.213-1%84796841636.175+7%
Usd Price Per Share253.467+13%220.869220.8690%228.290-3%220.493+0%195.972+13%
Usd Profit--7407757200.0007407757200.0000%7267034000.000+2%7812556280.000-5%7481417000.000-1%
Usd Revenue--125661420000.000125661420000.0000%130730753400.000-4%123446568760.000+2%119251478240.000+5%
Usd Total Gains Per Share---64.412-64.4120%11.922-640%6.811-1046%10.456-716%
 EOD+3 -5MRQTTM+0 -0YOY+11 -245Y+7 -2810Y+12 -23

3.2. Fundamental Score

Let's check the fundamental score of Allianz SE VNA O.N. based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1514.340
Price to Book Ratio (EOD)Between0-11.718
Net Profit Margin (MRQ)Greater than00.059
Operating Margin (MRQ)Greater than00.093
Quick Ratio (MRQ)Greater than188.520
Current Ratio (MRQ)Greater than144.073
Debt to Asset Ratio (MRQ)Less than10.946
Debt to Equity Ratio (MRQ)Less than118.772
Return on Equity (MRQ)Greater than0.150.131
Return on Assets (MRQ)Greater than0.050.007
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Allianz SE VNA O.N. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.845
Ma 20Greater thanMa 50225.758
Ma 50Greater thanMa 100224.578
Ma 100Greater thanMa 200222.305
OpenGreater thanClose229.800
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets1,021,503,000
Total Liabilities966,261,000
Total Stockholder Equity51,474,000
 As reported
Total Liabilities 966,261,000
Total Stockholder Equity+ 51,474,000
Total Assets = 1,021,503,000

Assets

Total Assets1,021,503,000
Total Current Assets521,168,000
Long-term Assets521,168,000
Total Current Assets
Cash And Cash Equivalents 19,823,000
Short-term Investments 501,345,000
Net Receivables 24,234,000
Total Current Assets  (as reported)521,168,000
Total Current Assets  (calculated)545,402,000
+/- 24,234,000
Long-term Assets
Property Plant Equipment 12,259,000
Goodwill 16,254,000
Long Term Investments 538,759,000
Intangible Assets 2,647,000
Other Assets -76,523,000
Long-term Assets  (as reported)576,858,000
Long-term Assets  (calculated)493,396,000
+/- 83,462,000

Liabilities & Shareholders' Equity

Total Current Liabilities11,825,000
Long-term Liabilities11,825,000
Total Stockholder Equity51,474,000
Total Current Liabilities
Accounts payable 11,825,000
Other Current Liabilities -11,825,000
Total Current Liabilities  (as reported)11,825,000
Total Current Liabilities  (calculated)0
+/- 11,825,000
Long-term Liabilities
Long term Debt Total 33,422,000
Long-term Liabilities  (as reported)11,825,000
Long-term Liabilities  (calculated)33,422,000
+/- 21,597,000
Total Stockholder Equity
Common Stock1,170,000
Capital Surplus 27,732,000
Other Stockholders Equity 14,954,000
Total Stockholder Equity (as reported)51,474,000
Total Stockholder Equity (calculated)43,856,000
+/- 7,618,000
Other
Capital Stock1,170,000
Cash And Equivalents24,828,000
Cash and Short Term Investments 521,168,000
Common Stock Shares Outstanding 411,689
Liabilities and Stockholders Equity 1,021,503,000
Net Debt 15,965,000
Net Invested Capital 84,522,000
Net Working Capital 509,343,000
Short Long Term Debt Total 35,788,000



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-31
> Total Assets 
441,380,379
0
0
0
0
0
1,110,081,000
1,061,149,000
955,576,000
584,045,000
624,945,000
641,472,000
694,621,000
711,530,000
805,787,000
848,942,000
883,809,000
901,300,000
897,567,000
1,011,185,000
1,060,012,000
1,139,429,000
1,021,503,000
1,021,503,0001,139,429,0001,060,012,0001,011,185,000897,567,000901,300,000883,809,000848,942,000805,787,000711,530,000694,621,000641,472,000624,945,000584,045,000955,576,0001,061,149,0001,110,081,00000000441,380,379
   > Total Current Assets 
416,395,452
0
0
0
0
0
597,848,000
572,490,000
667,751,000
261,842,000
267,563,000
269,932,000
275,388,000
283,532,000
303,228,000
321,293,000
328,677,000
336,660,000
329,838,000
611,654,000
640,196,000
648,150,000
521,168,000
521,168,000648,150,000640,196,000611,654,000329,838,000336,660,000328,677,000321,293,000303,228,000283,532,000275,388,000269,932,000267,563,000261,842,000667,751,000572,490,000597,848,00000000416,395,452
       Cash And Cash Equivalents 
0
0
0
0
0
0
33,031,000
31,337,000
8,958,000
6,089,000
8,747,000
10,492,000
12,437,000
11,207,000
13,863,000
14,842,000
14,463,000
17,120,000
17,233,000
18,476,000
16,595,000
20,844,000
19,823,000
19,823,00020,844,00016,595,00018,476,00017,233,00017,120,00014,463,00014,842,00013,863,00011,207,00012,437,00010,492,0008,747,0006,089,0008,958,00031,337,00033,031,000000000
       Short-term Investments 
0
0
0
0
0
0
277,898,000
268,001,000
242,099,000
279,045,000
318,315,000
333,880,000
383,254,000
392,023,000
465,914,000
488,365,000
512,268,000
520,397,000
520,612,000
593,178,000
623,601,000
627,306,000
501,345,000
501,345,000627,306,000623,601,000593,178,000520,612,000520,397,000512,268,000488,365,000465,914,000392,023,000383,254,000333,880,000318,315,000279,045,000242,099,000268,001,000277,898,000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
16,727,000
17,634,000
17,295,000
18,073,000
18,449,000
19,528,000
20,925,000
21,408,000
22,929,000
24,234,000
24,234,00022,929,00021,408,00020,925,00019,528,00018,449,00018,073,00017,295,00017,634,00016,727,0000000000000000
       Other Current Assets 
416,395,452
0
0
0
0
0
286,919,000
273,152,000
416,694,000
-23,292,000
-59,499,000
-74,440,000
-120,303,000
-119,698,000
-176,549,000
-181,914,000
-198,054,000
-200,857,000
-208,007,000
-252,057,000
-272,227,000
-206,983,000
0
0-206,983,000-272,227,000-252,057,000-208,007,000-200,857,000-198,054,000-181,914,000-176,549,000-119,698,000-120,303,000-74,440,000-59,499,000-23,292,000416,694,000273,152,000286,919,00000000416,395,452
   > Long-term Assets 
24,984,927
0
0
0
0
0
512,233,000
488,659,000
287,825,000
322,203,000
357,382,000
371,540,000
419,233,000
427,998,000
502,559,000
527,649,000
555,132,000
564,640,000
567,729,000
651,588,000
692,043,000
698,262,000
576,858,000
576,858,000698,262,000692,043,000651,588,000567,729,000564,640,000555,132,000527,649,000502,559,000427,998,000419,233,000371,540,000357,382,000322,203,000287,825,000488,659,000512,233,0000000024,984,927
       Property Plant Equipment 
14,557,797
0
0
0
0
0
7,433,000
6,539,000
5,480,000
5,838,000
6,214,000
4,768,000
6,667,000
6,732,000
7,464,000
8,813,000
9,538,000
9,647,000
9,682,000
12,542,000
12,374,000
12,214,000
12,259,000
12,259,00012,214,00012,374,00012,542,0009,682,0009,647,0009,538,0008,813,0007,464,0006,732,0006,667,0004,768,0006,214,0005,838,0005,480,0006,539,0007,433,0000000014,557,797
       Goodwill 
0
0
0
0
0
0
12,144,000
12,453,000
11,221,000
12,014,000
12,020,000
11,722,000
11,679,000
11,544,000
12,166,000
12,101,000
12,372,000
11,848,000
12,330,000
13,207,000
13,489,000
15,945,000
16,254,000
16,254,00015,945,00013,489,00013,207,00012,330,00011,848,00012,372,00012,101,00012,166,00011,544,00011,679,00011,722,00012,020,00012,014,00011,221,00012,453,00012,144,000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
403,620,000
477,602,000
501,178,000
530,838,000
540,800,000
543,322,000
623,117,000
663,059,000
665,406,000
538,759,000
538,759,000665,406,000663,059,000623,117,000543,322,000540,800,000530,838,000501,178,000477,602,000403,620,0000000000000000
       Intangible Assets 
10,427,131
0
0
0
0
0
928,000
960,000
230,000
1,462,000
1,361,000
2,975,000
1,411,000
1,556,000
1,589,000
1,342,000
1,381,000
1,414,000
1,436,000
1,589,000
2,115,000
2,787,000
2,647,000
2,647,0002,787,0002,115,0001,589,0001,436,0001,414,0001,381,0001,342,0001,589,0001,556,0001,411,0002,975,0001,361,0001,462,000230,000960,000928,0000000010,427,131
> Total Liabilities 
389,413,657
0
0
0
0
0
1,053,251,000
1,009,768,000
918,328,000
541,758,000
578,383,000
594,219,000
638,403,000
658,681,000
742,085,000
782,843,000
813,416,000
832,698,000
833,888,000
933,820,000
975,418,000
1,055,207,000
966,261,000
966,261,0001,055,207,000975,418,000933,820,000833,888,000832,698,000813,416,000782,843,000742,085,000658,681,000638,403,000594,219,000578,383,000541,758,000918,328,0001,009,768,0001,053,251,00000000389,413,657
   > Total Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
47,957,000
51,763,000
57,580,000
67,448,000
67,599,000
57,630,000
9,288,000
9,642,000
12,540,000
11,825,000
11,825,00012,540,0009,642,0009,288,00057,630,00067,599,00067,448,00057,580,00051,763,00047,957,0000000000000000
       Short-term Debt 
0
0
0
0
0
0
277,898,000
268,001,000
242,099,000
279,045,000
318,315,000
333,880,000
383,254,000
392,023,000
465,914,000
488,365,000
512,268,000
520,397,000
520,612,000
593,178,000
0
0
0
000593,178,000520,612,000520,397,000512,268,000488,365,000465,914,000392,023,000383,254,000333,880,000318,315,000279,045,000242,099,000268,001,000277,898,000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
28,577,000
28,503,000
46,172,000
34,183,000
500,000
1,493,000
1,252,000
0
0
0
0001,252,0001,493,000500,00034,183,00046,172,00028,503,00028,577,0000000000000000
       Accounts payable 
0
0
0
0
0
0
8,684,000
8,393,000
8,242,000
8,009,000
8,139,000
8,412,000
8,084,000
7,685,000
8,009,000
8,043,000
8,269,000
7,777,000
8,186,000
9,288,000
9,642,000
12,540,000
11,825,000
11,825,00012,540,0009,642,0009,288,0008,186,0007,777,0008,269,0008,043,0008,009,0007,685,0008,084,0008,412,0008,139,0008,009,0008,242,0008,393,0008,684,000000000
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
34,048,000
37,076,000
34,674,000
50,810,000
51,188,000
38,432,000
-9,288,000
-9,642,000
-12,540,000
-11,825,000
-11,825,000-12,540,000-9,642,000-9,288,00038,432,00051,188,00050,810,00034,674,00037,076,00034,048,0000000000000000
   > Long-term Liabilities 
15,238,633
0
0
0
0
0
169,435,000
145,241,000
34,229,000
36,193,000
34,944,000
36,426,000
47,461,000
46,148,000
48,498,000
50,549,000
39,445,000
41,012,000
37,306,000
41,172,000
44,670,000
41,788,000
11,825,000
11,825,00041,788,00044,670,00041,172,00037,306,00041,012,00039,445,00050,549,00048,498,00046,148,00047,461,00036,426,00034,944,00036,193,00034,229,000145,241,000169,435,0000000015,238,633
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
32,133,000
34,183,000
31,816,000
32,723,000
31,341,000
37,962,000
37,212,000
33,422,000
33,422,00037,212,00037,962,00031,341,00032,723,00031,816,00034,183,00032,133,000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
586,508,000
666,841,000
692,267,000
718,021,000
735,814,000
747,306,000
832,901,000
865,633,000
916,330,000
0
0916,330,000865,633,000832,901,000747,306,000735,814,000718,021,000692,267,000666,841,000586,508,0000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,968,000
4,348,000
5,086,000
0
0
0
0
0
0
0000005,086,0004,348,0005,968,00000000000000000
> Total Stockholder Equity
51,966,722
0
0
0
0
0
49,650,000
47,753,000
33,684,000
40,166,000
44,491,000
44,915,000
53,553,000
50,084,000
60,747,000
63,144,000
67,341,000
65,553,000
61,232,000
74,002,000
80,821,000
79,952,000
51,474,000
51,474,00079,952,00080,821,00074,002,00061,232,00065,553,00067,341,00063,144,00060,747,00050,084,00053,553,00044,915,00044,491,00040,166,00033,684,00047,753,00049,650,0000000051,966,722
   Common Stock
8,019,573
0
0
0
0
0
1,106,000
1,152,000
1,160,000
1,162,000
1,164,000
1,166,000
1,167,000
1,169,000
1,170,000
1,170,000
1,170,000
1,170,000
1,170,000
1,170,000
1,170,000
1,170,000
1,170,000
1,170,0001,170,0001,170,0001,170,0001,170,0001,170,0001,170,0001,170,0001,170,0001,169,0001,167,0001,166,0001,164,0001,162,0001,160,0001,152,0001,106,000000008,019,573
   Retained Earnings 
14,205,290
0
0
0
0
0
0
0
0
9,902,000
13,325,000
13,745,000
16,907,000
18,005,000
19,878,000
24,222,000
27,336,000
27,199,000
27,967,000
29,632,000
31,371,000
32,784,000
35,350,000
35,350,00032,784,00031,371,00029,632,00027,967,00027,199,00027,336,00024,222,00019,878,00018,005,00016,907,00013,745,00013,325,0009,902,0000000000014,205,290
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
27,758,000
0
27,758,000
27,758,000
27,758,000
27,758,000
27,732,000
27,732,000
27,732,00027,732,00027,758,00027,758,00027,758,00027,758,000027,758,000000000000000000
   Treasury Stock0-32,000-30,000-55,000-84,000-115,0000-159,000-222,00000000000000000
   Other Stockholders Equity 
29,741,859
0
0
0
0
0
48,544,000
46,601,000
32,524,000
29,102,000
30,002,000
30,004,000
35,479,000
30,910,000
39,699,000
37,752,000
38,835,000
37,184,000
32,095,000
43,200,000
48,280,000
45,998,000
14,954,000
14,954,00045,998,00048,280,00043,200,00032,095,00037,184,00038,835,00037,752,00039,699,00030,910,00035,479,00030,004,00030,002,00029,102,00032,524,00046,601,00048,544,0000000029,741,859



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.