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Bechtle AG
Buy, Hold or Sell?

Let's analyse Bechtle together

PenkeI guess you are interested in Bechtle AG. 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 Bechtle AG. 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 Bechtle (30 sec.)










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

How much money do you get?

How much money do you get?
€2.12
When do you have the money?
1 year
How often do you get paid?
77.5%

What is your share worth?

Current worth
€13.83
Expected worth in 1 year
€15.45
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
€3.57
Return On Investment
7.5%

For what price can you sell your share?

Current Price per Share
€47.38
Expected price per share
€42.29 - €50.55
How sure are you?
50%

1. Valuation of Bechtle (5 min.)




Live pricePrice per Share (EOD)

€47.38

Intrinsic Value Per Share

€27.89 - €66.63

Total Value Per Share

€41.72 - €80.46

2. Growth of Bechtle (5 min.)




Is Bechtle growing?

Current yearPrevious yearGrowGrow %
How rich?$1.8b$1.5b$209.2m11.7%

How much money is Bechtle making?

Current yearPrevious yearGrowGrow %
Making money$72m$68.1m$3.9m5.4%
Net Profit Margin4.1%4.2%--

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

3. Financial Health of Bechtle (5 min.)




4. Comparing to competitors in the Information Technology Services industry (5 min.)




  Industry Rankings (Information Technology Services)  


Richest
#34 / 393

Most Revenue
#34 / 393

Most Profit
#34 / 393

Most Efficient
#188 / 393

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

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

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

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

Speculation

The Price per Share of Bechtle is €47.38. 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 Bechtle.
  • 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 Bechtle, 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 €13.83. Based on the TTM, the Book Value Change Per Share is €0.41 per quarter. Based on the YOY, the Book Value Change Per Share is €0.37 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 €0.49 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Bechtle.

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 Eps0.651.4%0.571.2%0.541.1%0.481.0%0.350.7%
Usd Book Value Change Per Share0.811.7%0.440.9%0.400.8%0.370.8%0.270.6%
Usd Dividend Per Share0.000.0%0.531.1%0.601.3%0.481.0%0.330.7%
Usd Total Gains Per Share0.811.7%0.972.0%1.002.1%0.851.8%0.601.3%
Usd Price Per Share49.25-46.10-43.51-97.46-91.48-
Price to Earnings Ratio18.84-20.35-20.71-57.20-79.82-
Price-to-Total Gains Ratio60.89-51.35-49.11-144.54-247.78-
Price to Book Ratio3.28-3.26-3.51-9.86-12.50-
Price-to-Total Gains Ratio60.89-51.35-49.11-144.54-247.78-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share51.4073
Number of shares19
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.530.48
Usd Book Value Change Per Share0.440.37
Usd Total Gains Per Share0.970.85
Gains per Quarter (19 shares)18.4116.19
Gains per Year (19 shares)73.6264.75
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1403364372855
280671387356120
312110021211084185
4161134286147112250
5201167360183141315
6241201434220169380
7281234508256197445
8322267582293225510
9362301656330253575
10402334730366281640

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 Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%60.00.00.0100.0%
Book Value Change Per Share3.01.00.075.0%10.02.00.083.3%16.04.00.080.0%31.09.00.077.5%45.012.03.075.0%
Dividend per Share3.00.01.075.0%11.00.01.091.7%19.00.01.095.0%31.00.09.077.5%33.00.027.055.0%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%56.01.03.093.3%

Fundamentals of Bechtle

About Bechtle AG

Bechtle AG provides information technology (IT) services primarily in Europe. The company operates through two segments, IT System House & Managed Services, and IT E-Commerce. The IT System House & Managed Services segment offers IT strategy consulting, hardware and software, project planning and implementation, system integration, IT, and training services for IT operation. The IT E-Commerce segment provides hardware and software products, and peripherals and accessories through a web shop. The company also provides data center, modern workplace, networking, IT security, consulting, professional, managed, training, financial, IT-remarketing, and e-procurement services, as well as design, development, and implementation of software services. In addition, it offers applications for business intelligence, PDM, CAD/CAM, collaboration, customer relationship management, product lifecycle management, enterprise resource planning, document management systems, enterprise content management, and artificial intelligence. It serves customers in the fields of industry, trade, finance, and the public sector. Bechtle AG was founded in 1983 and is headquartered in Neckarsulm, Germany.

Fundamental data was last updated by Penke on 2024-05-01 10:02:03.

Financial Health

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

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Bechtle AG.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Bechtle to the Information Technology Services industry mean.
  • A Net Profit Margin of 4.0% means that €0.04 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Bechtle AG:

  • The MRQ is 4.0%. The company is making a profit. +1
  • The TTM is 4.1%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ4.0%TTM4.1%-0.1%
TTM4.1%YOY4.2%0.0%
TTM4.1%5Y3.9%+0.3%
5Y3.9%10Y3.5%+0.4%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ4.0%4.0%+0.0%
TTM4.1%3.6%+0.5%
YOY4.2%3.8%+0.4%
5Y3.9%3.5%+0.4%
10Y3.5%3.4%+0.1%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Bechtle to the Information Technology Services industry mean.
  • 1.9% Return on Assets means that Bechtle generated €0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Bechtle AG:

  • The MRQ is 1.9%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.9%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.9%TTM1.9%+0.0%
TTM1.9%YOY2.0%-0.1%
TTM1.9%5Y2.0%-0.1%
5Y2.0%10Y2.1%-0.1%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9%1.2%+0.7%
TTM1.9%1.3%+0.6%
YOY2.0%1.3%+0.7%
5Y2.0%1.3%+0.7%
10Y2.1%1.3%+0.8%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Bechtle to the Information Technology Services industry mean.
  • 4.4% Return on Equity means Bechtle generated €0.04 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Bechtle AG:

  • The MRQ is 4.4%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 4.0%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ4.4%TTM4.0%+0.3%
TTM4.0%YOY4.3%-0.3%
TTM4.0%5Y4.4%-0.3%
5Y4.4%10Y4.1%+0.2%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ4.4%3.0%+1.4%
TTM4.0%2.9%+1.1%
YOY4.3%3.1%+1.2%
5Y4.4%3.1%+1.3%
10Y4.1%3.0%+1.1%

1.2. Operating Efficiency of Bechtle AG.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Bechtle is operating .

  • Measures how much profit Bechtle 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 Bechtle to the Information Technology Services industry mean.
  • An Operating Margin of 5.0% means the company generated €0.05  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Bechtle AG:

  • The MRQ is 5.0%. The company is operating less efficient.
  • The TTM is 5.8%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ5.0%TTM5.8%-0.9%
TTM5.8%YOY5.9%-0.1%
TTM5.8%5Y5.5%+0.3%
5Y5.5%10Y5.0%+0.5%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ5.0%7.2%-2.2%
TTM5.8%3.7%+2.1%
YOY5.9%5.4%+0.5%
5Y5.5%5.1%+0.4%
10Y5.0%4.6%+0.4%
1.2.2. Operating Ratio

Measures how efficient Bechtle is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Information Technology Services industry mean).
  • An Operation Ratio of 0.95 means that the operating costs are €0.95 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Bechtle AG:

  • The MRQ is 0.950. The company is less efficient in keeping operating costs low.
  • The TTM is 0.942. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.950TTM0.942+0.008
TTM0.942YOY0.941+0.001
TTM0.9425Y0.945-0.003
5Y0.94510Y0.950-0.005
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9501.181-0.231
TTM0.9421.184-0.242
YOY0.9411.031-0.090
5Y0.9451.081-0.136
10Y0.9501.074-0.124

1.3. Liquidity of Bechtle AG.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Information Technology Services industry mean).
  • A Current Ratio of 1.86 means the company has €1.86 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Bechtle AG:

  • The MRQ is 1.862. The company is able to pay all its short-term debts. +1
  • The TTM is 1.716. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.862TTM1.716+0.146
TTM1.716YOY1.721-0.005
TTM1.7165Y1.851-0.135
5Y1.85110Y1.948-0.096
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8621.449+0.413
TTM1.7161.466+0.250
YOY1.7211.544+0.177
5Y1.8511.622+0.229
10Y1.9481.576+0.372
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Bechtle to the Information Technology Services industry mean.
  • A Quick Ratio of 1.53 means the company can pay off €1.53 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Bechtle AG:

  • The MRQ is 1.534. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.160. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.534TTM1.160+0.374
TTM1.160YOY1.053+0.107
TTM1.1605Y1.271-0.111
5Y1.27110Y1.390-0.119
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5340.983+0.551
TTM1.1600.985+0.175
YOY1.0531.107-0.054
5Y1.2711.196+0.075
10Y1.3901.224+0.166

1.4. Solvency of Bechtle AG.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Bechtle to Information Technology Services industry mean.
  • A Debt to Asset Ratio of 0.56 means that Bechtle assets are financed with 55.6% credit (debt) and the remaining percentage (100% - 55.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Bechtle AG:

  • The MRQ is 0.556. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.532. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.556TTM0.532+0.024
TTM0.532YOY0.543-0.010
TTM0.5325Y0.551-0.019
5Y0.55110Y0.496+0.055
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5560.492+0.064
TTM0.5320.495+0.037
YOY0.5430.499+0.044
5Y0.5510.501+0.050
10Y0.4960.491+0.005
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Bechtle to the Information Technology Services industry mean.
  • A Debt to Equity ratio of 125.5% means that company has €1.25 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Bechtle AG:

  • The MRQ is 1.255. The company is able to pay all its debts with equity. +1
  • The TTM is 1.141. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.255TTM1.141+0.114
TTM1.141YOY1.188-0.047
TTM1.1415Y1.232-0.091
5Y1.23210Y1.017+0.215
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2550.938+0.317
TTM1.1410.955+0.186
YOY1.1880.970+0.218
5Y1.2321.030+0.202
10Y1.0171.057-0.040

2. Market Valuation of Bechtle AG

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 Bechtle generates.

  • Above 15 is considered overpriced but always compare Bechtle to the Information Technology Services industry mean.
  • A PE ratio of 18.84 means the investor is paying €18.84 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Bechtle AG:

  • The EOD is 19.666. Based on the earnings, the company is fair priced.
  • The MRQ is 18.840. Based on the earnings, the company is fair priced.
  • The TTM is 20.353. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD19.666MRQ18.840+0.826
MRQ18.840TTM20.353-1.513
TTM20.353YOY20.715-0.362
TTM20.3535Y57.205-36.852
5Y57.20510Y79.821-22.616
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
EOD19.66615.234+4.432
MRQ18.84014.327+4.513
TTM20.35315.031+5.322
YOY20.71516.525+4.190
5Y57.20517.861+39.344
10Y79.82119.979+59.842
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Bechtle AG:

  • The EOD is 6.343. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 6.076. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 0.684. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD6.343MRQ6.076+0.266
MRQ6.076TTM0.684+5.392
TTM0.684YOY-11.407+12.091
TTM0.6845Y110.076-109.392
5Y110.07610Y57.285+52.790
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
EOD6.3433.172+3.171
MRQ6.0762.754+3.322
TTM0.6842.103-1.419
YOY-11.4076.307-17.714
5Y110.0765.528+104.548
10Y57.2855.328+51.957
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Information Technology Services industry mean).
  • A PB ratio of 3.28 means the investor is paying €3.28 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Bechtle AG:

  • The EOD is 3.426. Based on the equity, the company is fair priced.
  • The MRQ is 3.282. Based on the equity, the company is fair priced.
  • The TTM is 3.258. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.426MRQ3.282+0.144
MRQ3.282TTM3.258+0.024
TTM3.258YOY3.508-0.250
TTM3.2585Y9.857-6.600
5Y9.85710Y12.504-2.647
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
EOD3.4262.393+1.033
MRQ3.2822.302+0.980
TTM3.2582.492+0.766
YOY3.5082.611+0.897
5Y9.8572.891+6.966
10Y12.5043.218+9.286
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Bechtle AG 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--0.7450.405+84%0.367+103%0.341+119%0.246+203%
Book Value Per Share--13.83013.032+6%11.501+20%10.141+36%7.717+79%
Current Ratio--1.8621.716+9%1.721+8%1.851+1%1.948-4%
Debt To Asset Ratio--0.5560.532+5%0.543+3%0.551+1%0.496+12%
Debt To Equity Ratio--1.2551.141+10%1.188+6%1.232+2%1.017+23%
Dividend Per Share---0.488-100%0.550-100%0.444-100%0.303-100%
Eps--0.6020.527+14%0.498+21%0.441+37%0.324+86%
Free Cash Flow Per Share--1.8670.704+165%0.069+2593%0.398+369%0.241+676%
Free Cash Flow To Equity Per Share--2.9110.772+277%-0.129+104%0.235+1141%0.191+1422%
Gross Profit Margin--4.3440.573+659%-0.989+123%-0.754+117%-0.824+119%
Intrinsic Value_10Y_max--66.631--------
Intrinsic Value_10Y_min--27.886--------
Intrinsic Value_1Y_max--2.363--------
Intrinsic Value_1Y_min--1.282--------
Intrinsic Value_3Y_max--10.388--------
Intrinsic Value_3Y_min--5.185--------
Intrinsic Value_5Y_max--22.376--------
Intrinsic Value_5Y_min--10.519--------
Market Cap5969880000.000+4%5719140000.0005353110000.000+7%5052600000.000+13%11317499550.000-49%10623741345.000-46%
Net Profit Margin--0.0400.041-3%0.042-4%0.039+3%0.035+14%
Operating Margin--0.0500.058-15%0.059-16%0.055-10%0.050-1%
Operating Ratio--0.9500.942+1%0.941+1%0.945+1%0.950+0%
Pb Ratio3.426+4%3.2823.258+1%3.508-6%9.857-67%12.504-74%
Pe Ratio19.666+4%18.84020.353-7%20.715-9%57.205-67%79.821-76%
Price Per Share47.380+4%45.39042.485+7%40.100+13%89.821-49%84.315-46%
Price To Free Cash Flow Ratio6.343+4%6.0760.684+788%-11.407+288%110.076-94%57.285-89%
Price To Total Gains Ratio63.556+4%60.88751.347+19%49.110+24%144.542-58%247.776-75%
Quick Ratio--1.5341.160+32%1.053+46%1.271+21%1.390+10%
Return On Assets--0.0190.019+2%0.020-2%0.020-1%0.021-6%
Return On Equity--0.0440.040+8%0.043+1%0.0440%0.041+6%
Total Gains Per Share--0.7450.893-17%0.917-19%0.785-5%0.549+36%
Usd Book Value--1890734020.0001781538263.750+6%1572335073.750+20%1386382674.250+36%1055005446.250+79%
Usd Book Value Change Per Share--0.8090.440+84%0.399+103%0.370+119%0.267+203%
Usd Book Value Per Share--15.00614.139+6%12.479+20%11.003+36%8.373+79%
Usd Dividend Per Share---0.529-100%0.597-100%0.482-100%0.329-100%
Usd Eps--0.6540.572+14%0.541+21%0.478+37%0.352+86%
Usd Free Cash Flow--255299415.00096205593.750+165%9481001.250+2593%54439115.500+369%32916214.625+676%
Usd Free Cash Flow Per Share--2.0260.764+165%0.075+2593%0.432+369%0.261+676%
Usd Free Cash Flow To Equity Per Share--3.1590.838+277%-0.140+104%0.255+1141%0.208+1422%
Usd Market Cap6477319800.000+4%6205266900.0005808124350.000+7%5482071000.000+13%12279487011.750-49%11526759359.325-46%
Usd Price Per Share51.407+4%49.24846.096+7%43.509+13%97.456-49%91.482-46%
Usd Profit--82342820.00072020130.000+14%68115757.500+21%60277554.750+37%44356210.500+86%
Usd Revenue--2056231240.0001742169038.750+18%1635142468.750+26%1570543087.750+31%1230088234.375+67%
Usd Total Gains Per Share--0.8090.969-17%0.995-19%0.852-5%0.596+36%
 EOD+4 -4MRQTTM+24 -12YOY+24 -125Y+22 -1410Y+24 -12

3.2. Fundamental Score

Let's check the fundamental score of Bechtle AG based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1519.666
Price to Book Ratio (EOD)Between0-13.426
Net Profit Margin (MRQ)Greater than00.040
Operating Margin (MRQ)Greater than00.050
Quick Ratio (MRQ)Greater than11.534
Current Ratio (MRQ)Greater than11.862
Debt to Asset Ratio (MRQ)Less than10.556
Debt to Equity Ratio (MRQ)Less than11.255
Return on Equity (MRQ)Greater than0.150.044
Return on Assets (MRQ)Greater than0.050.019
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Bechtle AG based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5057.755
Ma 20Greater thanMa 5045.875
Ma 50Greater thanMa 10047.117
Ma 100Greater thanMa 20047.312
OpenGreater thanClose46.700
Total2/5 (40.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-12-312023-03-312023-06-302023-09-302023-12-31
Selling General Administrative  162,034-65,89796,137-16,55379,5848,43088,014-264,027-176,013
Selling and Marketing Expenses  227,388-126,607100,7816,947107,7282,361110,089-363,889-253,800
Total Other Income Expense Net -1,740-686-2,426-1,290-3,716-513-4,22917,07012,841



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets3,929,147
Total Liabilities2,186,535
Total Stockholder Equity1,742,612
 As reported
Total Liabilities 2,186,535
Total Stockholder Equity+ 1,742,612
Total Assets = 3,929,147

Assets

Total Assets3,929,147
Total Current Assets2,375,874
Long-term Assets1,553,273
Total Current Assets
Cash And Cash Equivalents 435,756
Short-term Investments 30,000
Net Receivables 1,461,408
Inventory 439,805
Other Current Assets 8,905
Total Current Assets  (as reported)2,375,874
Total Current Assets  (calculated)2,375,874
+/-0
Long-term Assets
Property Plant Equipment 441,825
Goodwill 732,330
Intangible Assets 117,468
Long-term Assets Other 4,100
Long-term Assets  (as reported)1,553,273
Long-term Assets  (calculated)1,295,723
+/- 257,550

Liabilities & Shareholders' Equity

Total Current Liabilities1,275,701
Long-term Liabilities910,834
Total Stockholder Equity1,742,612
Total Current Liabilities
Short-term Debt 73,588
Short Long Term Debt 16,398
Accounts payable 629,206
Other Current Liabilities 343,007
Total Current Liabilities  (as reported)1,275,701
Total Current Liabilities  (calculated)1,062,199
+/- 213,502
Long-term Liabilities
Long term Debt 524,116
Capital Lease Obligations 193,526
Long-term Liabilities Other 1
Long-term Liabilities  (as reported)910,834
Long-term Liabilities  (calculated)717,643
+/- 193,191
Total Stockholder Equity
Common Stock126,000
Retained Earnings 1,522,390
Accumulated Other Comprehensive Income 27,309
Other Stockholders Equity 66,913
Total Stockholder Equity (as reported)1,742,612
Total Stockholder Equity (calculated)1,742,612
+/-0
Other
Capital Stock126,000
Cash and Short Term Investments 465,756
Common Stock Shares Outstanding 126,000
Current Deferred Revenue229,900
Liabilities and Stockholders Equity 3,929,147
Net Debt 298,284
Net Invested Capital 2,283,126
Net Working Capital 1,100,173
Property Plant and Equipment Gross 747,507
Short Long Term Debt Total 734,040



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-31
> Total Assets 
0
0
0
520,665
521,478
531,809
559,669
653,716
635,096
650,863
711,667
803,416
767,853
760,008
749,879
845,442
804,034
801,079
821,681
910,348
901,348
886,463
898,387
1,016,590
998,753
1,019,757
1,027,765
1,150,437
1,110,038
1,097,662
1,101,103
1,269,338
1,213,439
1,213,026
1,252,653
1,443,384
1,392,908
1,409,516
1,781,875
2,027,164
2,129,831
2,139,555
2,149,119
2,394,667
2,458,726
2,448,511
2,504,208
2,687,116
2,689,955
2,628,786
2,711,241
3,019,768
3,004,917
3,081,263
3,155,373
3,447,872
3,392,902
3,369,364
3,382,602
3,929,147
3,929,1473,382,6023,369,3643,392,9023,447,8723,155,3733,081,2633,004,9173,019,7682,711,2412,628,7862,689,9552,687,1162,504,2082,448,5112,458,7262,394,6672,149,1192,139,5552,129,8312,027,1641,781,8751,409,5161,392,9081,443,3841,252,6531,213,0261,213,4391,269,3381,101,1031,097,6621,110,0381,150,4371,027,7651,019,757998,7531,016,590898,387886,463901,348910,348821,681801,079804,034845,442749,879760,008767,853803,416711,667650,863635,096653,716559,669531,809521,478520,665000
   > Total Current Assets 
0
0
0
356,155
320,916
325,760
360,611
447,458
419,039
416,909
434,966
521,778
461,945
453,254
441,117
547,859
486,987
493,744
518,959
611,136
590,989
578,651
586,596
694,650
681,420
679,205
689,052
806,036
782,130
776,227
750,061
901,107
834,341
818,472
840,941
1,028,188
958,388
961,101
1,130,511
1,367,906
1,347,263
1,339,964
1,353,433
1,548,296
1,555,474
1,510,543
1,565,666
1,728,226
1,734,738
1,672,519
1,742,825
2,035,569
2,025,727
2,013,177
2,064,064
2,332,694
2,200,011
2,096,277
2,095,298
2,375,874
2,375,8742,095,2982,096,2772,200,0112,332,6942,064,0642,013,1772,025,7272,035,5691,742,8251,672,5191,734,7381,728,2261,565,6661,510,5431,555,4741,548,2961,353,4331,339,9641,347,2631,367,9061,130,511961,101958,3881,028,188840,941818,472834,341901,107750,061776,227782,130806,036689,052679,205681,420694,650586,596578,651590,989611,136518,959493,744486,987547,859441,117453,254461,945521,778434,966416,909419,039447,458360,611325,760320,916356,155000
       Cash And Cash Equivalents 
0
0
0
0
47,299
32,208
41,908
85,477
68,522
60,067
59,178
94,569
64,202
32,963
53,844
78,208
78,607
53,643
59,159
105,838
91,899
62,755
69,350
106,720
101,663
88,518
96,447
164,767
146,700
139,628
125,997
140,415
121,688
70,580
91,493
162,383
110,187
98,907
135,431
245,379
191,577
118,378
154,858
272,197
245,059
196,834
290,855
363,171
314,446
226,306
170,098
431,751
267,727
137,917
116,213
229,590
192,080
166,436
225,439
435,756
435,756225,439166,436192,080229,590116,213137,917267,727431,751170,098226,306314,446363,171290,855196,834245,059272,197154,858118,378191,577245,379135,43198,907110,187162,38391,49370,580121,688140,415125,997139,628146,700164,76796,44788,518101,663106,72069,35062,75591,899105,83859,15953,64378,60778,20853,84432,96364,20294,56959,17860,06768,52285,47741,90832,20847,2990000
       Short-term Investments 
0
0
0
1,656
24,505
14,059
-254
13,619
18,927
19,023
16,100
16,219
30,974
25,878
-1,775
36,850
20,823
20,004
23,483
18,716
26,588
19,010
17,310
22,856
31,690
30,794
20,295
26,199
24,780
15,286
15,322
16,682
5,371
5,391
5,453
14,854
5,462
5,488
5,515
6,446
0
0
0
1,492
10,001
40,001
40,001
40,246
90,311
60,311
60,311
1,428
0
0
0
62,115
35,405
35,526
0
30,000
30,000035,52635,40562,1150001,42860,31160,31190,31140,24640,00140,00110,0011,4920006,4465,5155,4885,46214,8545,4535,3915,37116,68215,32215,28624,78026,19920,29530,79431,69022,85617,31019,01026,58818,71623,48320,00420,82336,850-1,77525,87830,97416,21916,10019,02318,92713,619-25414,05924,5051,656000
       Net Receivables 
0
0
0
0
174,716
201,290
202,977
249,046
224,885
224,599
241,125
287,845
237,974
265,616
256,478
341,456
262,284
290,615
288,885
378,568
309,214
327,952
313,978
433,756
348,182
375,943
369,829
463,126
387,669
397,353
370,634
563,619
442,816
455,135
448,462
638,415
503,071
526,531
630,822
835,310
720,153
765,571
735,977
989,048
781,611
744,451
716,831
1,022,464
803,628
803,575
883,123
1,084,233
939,588
993,861
987,408
1,431,099
1,058,203
1,144,698
1,039,283
1,461,408
1,461,4081,039,2831,144,6981,058,2031,431,099987,408993,861939,5881,084,233883,123803,575803,6281,022,464716,831744,451781,611989,048735,977765,571720,153835,310630,822526,531503,071638,415448,462455,135442,816563,619370,634397,353387,669463,126369,829375,943348,182433,756313,978327,952309,214378,568288,885290,615262,284341,456256,478265,616237,974287,845241,125224,599224,885249,046202,977201,290174,7160000
       Other Current Assets 
0
0
0
295,177
12,752
12,786
26,351
24,260
17,757
19,722
25,079
33,106
28,442
27,674
31,744
1,790
33,785
34,442
34,114
465
40,555
34,355
41,516
342
53,756
49,647
52,699
1,777
58,823
52,964
55,571
551
54,292
58,965
61,406
1,446
74,352
70,557
73,508
809
92,578
94,083
94,603
1,035
142,864
139,033
161,131
1,016
170,798
166,167
154,091
1,088,804
190,712
206,049
241,374
1,433,689
261,143
186,927
263,761
8,905
8,905263,761186,927261,1431,433,689241,374206,049190,7121,088,804154,091166,167170,7981,016161,131139,033142,8641,03594,60394,08392,57880973,50870,55774,3521,44661,40658,96554,29255155,57152,96458,8231,77752,69949,64753,75634241,51634,35540,55546534,11434,44233,7851,79031,74427,67428,44233,10625,07919,72217,75724,26026,35112,78612,752295,177000
   > Long-term Assets 
0
0
0
164,510
200,562
206,049
199,058
206,258
216,057
233,954
276,701
281,638
305,908
306,754
308,762
297,583
317,047
307,335
302,722
299,212
310,359
307,812
311,791
321,940
317,333
340,552
338,713
344,401
327,908
321,435
351,042
368,231
379,098
394,554
411,712
415,196
434,520
448,415
651,364
659,258
782,568
799,591
795,686
846,371
903,252
937,968
938,542
958,890
955,217
956,267
968,416
984,199
979,190
1,068,086
1,091,309
1,115,178
1,192,891
1,273,087
1,287,304
1,553,273
1,553,2731,287,3041,273,0871,192,8911,115,1781,091,3091,068,086979,190984,199968,416956,267955,217958,890938,542937,968903,252846,371795,686799,591782,568659,258651,364448,415434,520415,196411,712394,554379,098368,231351,042321,435327,908344,401338,713340,552317,333321,940311,791307,812310,359299,212302,722307,335317,047297,583308,762306,754305,908281,638276,701233,954216,057206,258199,058206,049200,562164,510000
       Property Plant Equipment 
0
0
0
27,740
27,293
27,442
27,900
29,162
31,990
39,639
76,402
79,645
82,224
86,565
90,685
94,537
96,585
98,541
98,171
99,747
101,703
102,558
102,791
104,224
103,753
104,625
102,867
101,870
102,205
103,088
104,193
111,666
115,878
123,267
128,312
134,865
146,321
148,025
157,701
152,853
253,852
260,107
259,553
280,685
304,991
307,697
307,589
327,215
327,414
331,150
340,307
342,902
342,253
346,266
345,575
365,512
380,527
427,130
436,828
441,825
441,825436,828427,130380,527365,512345,575346,266342,253342,902340,307331,150327,414327,215307,589307,697304,991280,685259,553260,107253,852152,853157,701148,025146,321134,865128,312123,267115,878111,666104,193103,088102,205101,870102,867104,625103,753104,224102,791102,558101,70399,74798,17198,54196,58594,53790,68586,56582,22479,64576,40239,63931,99029,16227,90027,44227,29327,740000
       Goodwill 
0
0
0
106,395
107,305
111,616
111,325
115,835
114,833
127,927
133,633
135,648
136,460
137,160
0
137,483
137,562
137,723
138,082
139,885
144,326
144,434
144,704
144,499
149,930
162,895
163,466
166,398
166,492
166,756
182,187
193,521
193,979
194,802
194,735
193,538
202,198
208,460
336,799
345,938
358,612
365,570
373,643
397,592
400,658
443,671
443,046
448,313
445,680
446,648
455,816
469,650
470,467
545,549
555,849
554,197
604,492
634,058
640,261
732,330
732,330640,261634,058604,492554,197555,849545,549470,467469,650455,816446,648445,680448,313443,046443,671400,658397,592373,643365,570358,612345,938336,799208,460202,198193,538194,735194,802193,979193,521182,187166,756166,492166,398163,466162,895149,930144,499144,704144,434144,326139,885138,082137,723137,562137,4830137,160136,460135,648133,633127,927114,833115,835111,325111,616107,305106,395000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,005
7,006
7,005
7,004
0
4
0
0
2
0
0
6,469
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000036,46900200407,0047,0057,0067,0050000000000000000000000000000000
       Intangible Assets 
0
0
0
14,932
14,079
13,510
14,822
17,698
16,532
23,024
23,277
22,348
21,711
20,790
0
20,991
20,027
19,361
18,431
19,293
22,763
21,761
20,781
19,980
19,450
28,678
28,301
29,161
28,544
27,602
35,186
35,338
38,243
42,058
47,697
48,721
50,494
50,386
109,220
121,120
121,604
125,517
121,435
119,303
115,616
120,249
116,239
113,241
108,782
104,321
101,412
98,858
96,577
99,116
95,781
99,701
105,994
108,022
105,052
117,468
117,468105,052108,022105,99499,70195,78199,11696,57798,858101,412104,321108,782113,241116,239120,249115,616119,303121,435125,517121,604121,120109,22050,38650,49448,72147,69742,05838,24335,33835,18627,60228,54429,16128,30128,67819,45019,98020,78121,76122,76319,29318,43119,36120,02720,991020,79021,71122,34823,27723,02416,53217,69814,82213,51014,07914,932000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
27,918
23,992
27,422
33,964
41,431
35,503
41,544
47,644
42,510
16,672
11,417
11,058
58,276
51,987
66,351
71,668
73,687
73,341
74,148
70,881
80,250
69,893
77,155
27,126
28,642
35,924
35,385
34,968
0
034,96835,38535,92428,64227,12677,15569,89380,25070,88174,14873,34173,68771,66866,35151,98758,27611,05811,41716,67242,51047,64441,54435,50341,43133,96427,42223,99227,9180000000000000000000000000000000
> Total Liabilities 
0
0
0
185,704
177,971
190,193
206,133
282,233
251,873
267,003
312,133
384,372
335,903
337,989
314,656
387,049
334,807
342,967
346,507
408,783
384,908
376,283
364,583
462,594
423,080
451,350
437,776
529,786
473,085
467,008
445,161
575,235
497,175
503,916
516,915
666,101
590,644
613,111
950,166
1,143,960
1,214,278
1,226,034
1,193,802
1,379,825
1,402,637
1,403,336
1,409,017
1,525,087
1,484,337
1,422,617
1,442,928
1,666,654
1,600,764
1,684,169
1,698,312
1,909,553
1,797,709
1,787,967
1,733,921
2,186,535
2,186,5351,733,9211,787,9671,797,7091,909,5531,698,3121,684,1691,600,7641,666,6541,442,9281,422,6171,484,3371,525,0871,409,0171,403,3361,402,6371,379,8251,193,8021,226,0341,214,2781,143,960950,166613,111590,644666,101516,915503,916497,175575,235445,161467,008473,085529,786437,776451,350423,080462,594364,583376,283384,908408,783346,507342,967334,807387,049314,656337,989335,903384,372312,133267,003251,873282,233206,133190,193177,971185,704000
   > Total Current Liabilities 
0
0
0
153,420
145,086
155,880
165,786
235,506
205,663
207,160
224,000
285,702
238,241
242,420
221,811
287,770
238,807
244,836
251,074
317,996
293,610
286,306
277,491
366,716
328,708
326,211
322,028
410,590
358,251
355,108
333,786
457,276
376,920
386,125
390,043
538,834
461,937
467,236
779,965
679,067
667,303
669,816
647,168
813,116
806,758
771,632
765,442
925,200
895,852
893,670
914,577
1,167,121
1,111,513
1,170,740
1,194,889
1,444,634
1,318,956
1,278,886
1,236,308
1,275,701
1,275,7011,236,3081,278,8861,318,9561,444,6341,194,8891,170,7401,111,5131,167,121914,577893,670895,852925,200765,442771,632806,758813,116647,168669,816667,303679,067779,965467,236461,937538,834390,043386,125376,920457,276333,786355,108358,251410,590322,028326,211328,708366,716277,491286,306293,610317,996251,074244,836238,807287,770221,811242,420238,241285,702224,000207,160205,663235,506165,786155,880145,086153,420000
       Short-term Debt 
0
0
0
1,656
24,505
14,059
0
13,619
18,927
19,023
16,100
16,219
30,974
25,878
0
9,456
9,899
11,443
17,417
10,136
13,018
10,441
10,641
11,918
11,335
13,114
9,269
9,509
10,519
8,395
11,295
9,745
9,580
18,714
9,134
58,930
14,757
49,472
264,634
12,872
14,301
13,226
13,219
36,147
12,204
25,029
40,001
40,190
34,633
0
0
78,163
0
172,391
164,697
162,804
161,364
262,904
158,380
73,588
73,588158,380262,904161,364162,804164,697172,391078,1630034,63340,19040,00125,02912,20436,14713,21913,22614,30112,872264,63449,47214,75758,9309,13418,7149,5809,74511,2958,39510,5199,5099,26913,11411,33511,91810,64110,44113,01810,13617,41711,4439,8999,456025,87830,97416,21916,10019,02318,92713,619014,05924,5051,656000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
61,489
64,137
72,703
9,134
56,982
14,757
49,472
264,634
12,279
14,301
13,226
13,219
13,801
12,204
25,029
0
0
34,633
0
0
34,537
0
0
0
111,380
0
0
0
16,398
16,398000111,38000034,5370034,6330025,02912,20413,80113,21913,22614,30112,279264,63449,47214,75756,9829,13472,70364,13761,4890000000000000000000000000000000
       Accounts payable 
0
0
0
79,460
83,706
95,451
0
129,060
119,827
104,188
116,168
148,799
121,679
131,760
114,227
145,964
119,453
127,932
130,115
170,518
150,128
144,661
138,335
178,644
155,730
161,311
164,203
204,067
169,905
176,084
149,650
242,120
176,998
182,519
195,007
237,160
235,086
215,421
293,977
372,338
350,333
349,790
312,826
406,807
420,306
356,275
357,566
425,875
400,608
424,839
415,750
613,228
578,520
528,964
492,976
699,030
578,380
544,557
537,704
629,206
629,206537,704544,557578,380699,030492,976528,964578,520613,228415,750424,839400,608425,875357,566356,275420,306406,807312,826349,790350,333372,338293,977215,421235,086237,160195,007182,519176,998242,120149,650176,084169,905204,067164,203161,311155,730178,644138,335144,661150,128170,518130,115127,932119,453145,964114,227131,760121,679148,799116,168104,188119,827129,060095,45183,70679,460000
       Other Current Liabilities 
0
0
0
73,960
61,380
60,429
165,786
106,446
85,836
102,972
107,832
136,903
116,562
110,660
107,584
100
55,398
55,188
55,774
5,475
66,967
70,440
68,530
6,737
79,272
82,179
76,589
6,408
80,507
82,426
86,006
9,268
86,549
88,257
93,378
9,077
96,310
100,250
124,061
14,201
157,106
173,437
177,363
294,647
192,403
203,376
407,876
351,090
426,748
468,831
498,827
475,730
532,993
261,751
328,547
386,436
369,383
280,680
349,314
343,007
343,007349,314280,680369,383386,436328,547261,751532,993475,730498,827468,831426,748351,090407,876203,376192,403294,647177,363173,437157,10614,201124,061100,25096,3109,07793,37888,25786,5499,26886,00682,42680,5076,40876,58982,17979,2726,73768,53070,44066,9675,47555,77455,18855,398100107,584110,660116,562136,903107,832102,97285,836106,446165,78660,42961,38073,960000
   > Long-term Liabilities 
0
0
0
32,284
32,885
34,313
40,347
46,727
46,210
59,843
88,133
98,670
97,662
95,569
92,845
99,279
96,000
98,131
95,433
90,787
91,298
89,977
87,092
95,878
94,372
125,139
115,748
119,196
114,834
111,900
111,375
117,959
120,255
117,791
126,872
127,267
128,707
145,875
170,201
464,893
546,975
556,218
546,634
566,709
595,879
631,704
643,575
599,887
588,485
528,947
528,351
499,533
489,251
513,429
503,423
464,919
478,753
509,081
497,613
910,834
910,834497,613509,081478,753464,919503,423513,429489,251499,533528,351528,947588,485599,887643,575631,704595,879566,709546,634556,218546,975464,893170,201145,875128,707127,267126,872117,791120,255117,959111,375111,900114,834119,196115,748125,13994,37295,87887,09289,97791,29890,78795,43398,13196,00099,27992,84595,56997,66298,67088,13359,84346,21046,72740,34734,31332,88532,284000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
377,480
457,337
376,923
461,144
388,628
533,919
423,740
393,541
379,413
322,864
320,359
310,941
312,849
309,663
306,847
261,895
259,688
257,257
255,472
0
0255,472257,257259,688261,895306,847309,663312,849310,941320,359322,864379,413393,541423,740533,919388,628461,144376,923457,337377,4800000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
66,215
65,698
63,802
63,426
57,350
59,601
63,228
85,637
84,253
95,195
175,985
169,711
105,565
95,105
97,785
116,814
100,795
102,287
105,416
101,214
88,468
81,487
166,242
196,576
0
0
109,656
104,297
0
0104,297109,65600196,576166,24281,48788,468101,214105,416102,287100,795116,81497,78595,105105,565169,711175,98595,19584,25385,63763,22859,60157,35063,42663,80265,69866,2150000000000000000000000000000000
> Total Stockholder Equity
0
0
0
334,961
343,507
341,616
353,536
371,483
383,223
383,860
399,534
419,044
431,950
422,019
435,223
458,393
469,227
458,112
475,174
501,565
516,440
510,180
533,804
553,996
575,673
568,407
589,989
620,651
636,953
630,654
655,942
694,103
716,264
709,110
735,738
777,283
802,264
796,405
831,709
883,204
915,553
913,521
955,317
1,014,842
1,056,089
1,045,175
1,095,191
1,162,029
1,205,618
1,206,169
1,268,313
1,353,114
1,404,153
1,397,094
1,457,061
1,538,319
1,595,193
1,581,397
1,648,681
1,742,612
1,742,6121,648,6811,581,3971,595,1931,538,3191,457,0611,397,0941,404,1531,353,1141,268,3131,206,1691,205,6181,162,0291,095,1911,045,1751,056,0891,014,842955,317913,521915,553883,204831,709796,405802,264777,283735,738709,110716,264694,103655,942630,654636,953620,651589,989568,407575,673553,996533,804510,180516,440501,565475,174458,112469,227458,393435,223422,019431,950419,044399,534383,860383,223371,483353,536341,616343,507334,961000
   Common Stock
0
0
0
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
21,000
42,000
42,000
42,000
42,000
42,000
42,000
42,000
42,000
42,000
42,000
42,000
42,000
42,000
42,000
42,000
42,000
126,000
126,000
126,000
126,000
126,000
126,000
126,000
126,000
126,000
126,000
126,000126,000126,000126,000126,000126,000126,000126,000126,000126,00042,00042,00042,00042,00042,00042,00042,00042,00042,00042,00042,00042,00042,00042,00042,00042,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,000000
   Retained Earnings Total Equity000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-50,884
0
0
0
-58,859
0
0
0
-65,260
0
0
0
-73,543
0
0
0
-82,268
0
0
0
-86,478
0
0
0
0
0
0
0
-147,453
0
0
0
-190,495
0
0
0
0
0
26,641
23,194
33,313
33,278
35,429
35,955
27,309
27,30935,95535,42933,27833,31323,19426,64100000-190,495000-147,4530000000-86,478000-82,268000-73,543000-65,260000-58,859000-50,884000000000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
124,228
124,228
124,228
124,228
124,228
124,228
0
0
0
0
0
0
0
40,228
40,228
40,228
40,228
40,228
0
040,22840,22840,22840,22840,2280000000124,228124,228124,228124,228124,228124,22800000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
145,228
124,228
124,228
124,228
124,228
124,228
124,228
124,228
124,228
124,228
124,228
124,228
124,228
124,228
124,228
124,228
124,228
40,228
40,228
40,228
13,587
17,034
6,915
6,950
4,799
4,273
66,913
66,9134,2734,7996,9506,91517,03413,58740,22840,22840,228124,228124,228124,228124,228124,228124,228124,228124,228124,228124,228124,228124,228124,228124,228124,228124,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228145,228000



Balance Sheet

Currency in EUR. All numbers in thousands.