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Banco Comercial Portugues
Buy, Hold or Sell?

I guess you are interested in Banco Comercial Portugues. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse Banco Comercial Portugues

Let's start. I'm going to help you getting a better view of Banco Comercial Portugues. 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.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Banco Comercial Portugues even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Banco Comercial Portugues is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Banco Comercial Portugues. The closing price on 2022-09-30 was €0.1218 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Banco Comercial Portugues Daily Candlestick Chart


Summary

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 inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not 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.

1.1. Profitability of Banco Comercial Portugues.

1.1. Profitability

An important factor of a company's health is the profitability.

1.1.1. Net Profit Margin

Measures how much net profit Banco Comercial Portugues earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Banco Comercial Portugues to the Banks-Regional industry mean.
  • A Net Profit Margin of 8.2% means that €0.08 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Banco Comercial Portugues:

  • The MRQ is -5.3%. The company is making a loss. -1
  • The TTM is 8.2%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ-5.3%TTM8.2%-13.4%
TTM8.2%YOY6.2%+2.0%
TTM8.2%5Y9.7%-1.5%
5Y9.7%10Y10.3%-0.6%
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ-5.3%28.7%-34.0%
TTM8.2%27.6%-19.4%
YOY6.2%26.9%-20.7%
5Y9.7%23.2%-13.5%
10Y10.3%21.1%-10.8%
1.1.2. Return on Assets

Shows how efficient Banco Comercial Portugues is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Banco Comercial Portugues to the Banks-Regional industry mean.
  • 0.1% Return on Assets means that Banco Comercial Portugues generated €0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Banco Comercial Portugues:

  • The MRQ is 0.0%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is 0.1%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.0%TTM0.1%-0.1%
TTM0.1%YOY0.1%0.0%
TTM0.1%5Y0.1%0.0%
5Y0.1%10Y0.1%0.0%
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0%0.3%-0.3%
TTM0.1%0.3%-0.2%
YOY0.1%0.3%-0.2%
5Y0.1%0.3%-0.2%
10Y0.1%0.2%-0.1%
1.1.3. Return on Equity

Shows how efficient Banco Comercial Portugues is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Banco Comercial Portugues to the Banks-Regional industry mean.
  • -0.7% Return on Equity means the company generated €-0.01 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Banco Comercial Portugues:

  • The MRQ is -0.7%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is 0.8%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ-0.7%TTM0.8%-1.5%
TTM0.8%YOY1.2%-0.4%
TTM0.8%5Y1.1%-0.2%
5Y1.1%10Y1.3%-0.2%
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.7%2.8%-3.5%
TTM0.8%2.6%-1.8%
YOY1.2%2.5%-1.3%
5Y1.1%2.4%-1.3%
10Y1.3%2.4%-1.1%

1.2. Operating Efficiency of Banco Comercial Portugues.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Banco Comercial Portugues is operating .

  • Measures how much profit Banco Comercial Portugues 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 Banco Comercial Portugues to the Banks-Regional industry mean.
  • An Operating Margin of 0.0% means the company generated €0.00  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Banco Comercial Portugues:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ-44.9%-44.9%
TTM-44.3%-44.3%
YOY-46.5%-46.5%
5Y-36.5%-36.5%
10Y-31.1%-31.1%
1.2.2. Operating Ratio

Measures how efficient Banco Comercial Portugues is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Banks-Regional industry mean).
  • An Operation Ratio of 0.0% means that the operating costs are €0.00for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Banco Comercial Portugues:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y0.219-0.219
5Y0.21910Y0.156+0.063
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.066-0.066
TTM-0.195-0.195
YOY-0.316-0.316
5Y0.2190.384-0.165
10Y0.1560.390-0.234

1.3. Liquidity of Banco Comercial Portugues.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Banco Comercial Portugues is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Banks-Regional industry mean).
  • A Current Ratio of 18.1% means the company has €0.18 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Banco Comercial Portugues:

  • The MRQ is 0.181. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.168. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.181TTM0.168+0.013
TTM0.168YOY0.141+0.027
TTM0.1685Y0.113+0.055
5Y0.11310Y0.081+0.032
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1810.245-0.064
TTM0.1680.327-0.159
YOY0.1410.349-0.208
5Y0.1130.307-0.194
10Y0.0810.258-0.177
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy (always compare to Banks-Regional industry mean)
  • A Quick Ratio of 0.5% means the company can pay off €0.01 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Banco Comercial Portugues:

  • The MRQ is 0.005. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.006. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.005TTM0.006-0.001
TTM0.006YOY0.007-0.001
TTM0.0065Y0.005+0.002
5Y0.00510Y0.003+0.001
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0050.233-0.228
TTM0.0060.151-0.145
YOY0.0070.159-0.152
5Y0.0050.117-0.112
10Y0.0030.090-0.087

1.4. Solvency of Banco Comercial Portugues.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Banco Comercial Portugues assets are financed with debt.

  • Below 1 (100%) is considered healthy (always compare to Banks-Regional industry mean).
  • A Debt to Asset Ratio of 0.93 means that Banco Comercial Portugues assets are financed with 93.5% credit (debt) and the remaining percentage (100% - 93.5%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Banco Comercial Portugues:

  • The MRQ is 0.935. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.927. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.935TTM0.927+0.007
TTM0.927YOY0.916+0.011
TTM0.9275Y0.913+0.015
5Y0.91310Y0.916-0.004
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9350.910+0.025
TTM0.9270.905+0.022
YOY0.9160.910+0.006
5Y0.9130.907+0.006
10Y0.9160.908+0.008
1.4.2. Debt to Equity Ratio

Measures if Banco Comercial Portugues is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy (always compare to Banks-Regional industry mean).
  • A Debt to Equity ratio of 1,634.5% means that company has €16.35 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Banco Comercial Portugues:

  • The MRQ is 16.345. The company is unable to pay all its debts with equity. -1
  • The TTM is 14.840. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ16.345TTM14.840+1.506
TTM14.840YOY12.911+1.929
TTM14.8405Y12.518+2.322
5Y12.51810Y13.679-1.161
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ16.34510.094+6.251
TTM14.8409.691+5.149
YOY12.9119.130+3.781
5Y12.5189.097+3.421
10Y13.6799.029+4.650

2. Market Valuation of Banco Comercial Portugues

2. Earnings
2.1. Price to Earnings Ratio

Measures how many years it takes to double your invested money in Banco Comercial Portugues.

  • Above 15 is considered overpriced but is hard to determine (always use industry average).
  • A PE ratio of 15.27 means the investor is paying €15.27 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Banco Comercial Portugues:

  • The EOD is 11.271. Good. +1
  • The MRQ is 15.269. Neutral. Compare to industry.
  • The TTM is 19.428. Neutral. Compare to industry.
Trends
Current periodCompared to+/- 
EOD11.271MRQ15.269-3.998
MRQ15.269TTM19.428-4.160
TTM19.428YOY8.031+11.398
TTM19.4285Y11.356+8.073
5Y11.35610Y8.957+2.399
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
EOD11.2719.287+1.984
MRQ15.2699.440+5.829
TTM19.4289.860+9.568
YOY8.0319.980-1.949
5Y11.35611.493-0.137
10Y8.95711.575-2.618
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Banco Comercial Portugues.

  • Lower is better
  • A PEG ratio of 1 means the investor is paying a fair price for the stock

Let's take a look of the Price Earnings to Growth Ratio trends of Banco Comercial Portugues:

  • The MRQ is -0.323. Very Bad. -2
  • The TTM is -0.507. Very Bad. -2
Trends
Current periodCompared to+/- 
MRQ-0.323TTM-0.507+0.183
TTM-0.507YOY-0.259-0.248
TTM-0.5075Y-0.418-0.089
5Y-0.41810Y-0.386-0.032
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.3230.065-0.388
TTM-0.5070.100-0.607
YOY-0.2590.006-0.265
5Y-0.4180.067-0.485
10Y-0.3860.094-0.480

2. Books
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Banks-Regional industry mean).
  • A PB ratio of 0.40 means the investor is paying €0.40 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Banco Comercial Portugues:

  • The EOD is 0.293. Very good. +2
  • The MRQ is 0.396. Very good. +2
  • The TTM is 0.355. Very good. +2
Trends
Current periodCompared to+/- 
EOD0.293MRQ0.396-0.104
MRQ0.396TTM0.355+0.042
TTM0.355YOY0.233+0.122
TTM0.3555Y0.246+0.109
5Y0.24610Y0.176+0.070
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
EOD0.2930.962-0.669
MRQ0.3960.975-0.579
TTM0.3551.025-0.670
YOY0.2330.792-0.559
5Y0.2460.935-0.689
10Y0.1760.833-0.657

2.4. Latest News of Banco Comercial Portugues

Does Banco Comercial Portugues still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from Banco Comercial Portugues to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2022-09-16
20:21
Banco Comercial Português, S.A. informs about upgrade of long-term issuer credit rating to 'BB+' by S&P Global RatingsRead
2022-09-05
20:46
Banco Comercial Português, S.A.’s new Board of Directors begins functions for the four-year period 2022/2025Read

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Banco Comercial Portugues compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Per Share--0.4160.451-8%0.489-15%0.433-4%0.309+35%
Book Value Per Share Growth---0.018-0.018-2%-0.001-94%0.026-171%0.026-171%
Current Ratio--0.1810.168+8%0.141+28%0.113+60%0.081+124%
Debt To Asset Ratio--0.9350.927+1%0.916+2%0.913+2%0.916+2%
Debt To Equity Ratio--16.34514.840+10%12.911+27%12.518+31%13.679+19%
Dividend Per Share--0.0010.0010%0.0010%0.001-53%0.001-53%
Eps---0.0030.003-194%0.005-150%0.005-153%0.008-133%
Eps Growth---47.228-40.496-14%72.816-165%-6.658-86%-8.055-83%
Gains Per Share---0.018-0.018-2%0.000-98%0.027-165%0.027-165%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Net Profit Margin---0.0530.082-165%0.062-186%0.097-154%0.103-151%
Operating Margin----0%-0%-0%-0%
Operating Ratio----0%-0%0.219-100%0.156-100%
Pb Ratio0.293-35%0.3960.355+12%0.233+70%0.246+61%0.176+126%
Pe Ratio11.271-35%15.26919.428-21%8.031+90%11.356+34%8.957+70%
Peg Ratio---0.323-0.507+57%-0.259-20%-0.418+29%-0.386+19%
Price Per Share0.122-35%0.1650.159+4%0.114+45%0.186-11%0.203-19%
Quick Ratio--0.0050.006-16%0.007-23%0.005+14%0.003+60%
Return On Assets--0.0000.001-174%0.001-144%0.001-150%0.001-146%
Return On Equity---0.0070.008-184%0.012-156%0.011-166%0.013-155%
 EOD+3 -0MRQTTM+2 -14YOY+2 -145Y+4 -1410Y+5 -13

3.2. Fundamental Score

Let's check the fundamental score of Banco Comercial Portugues based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1511.271
Price to Book Ratio (EOD)Between0-10.293
Net Profit Margin (MRQ)Greater than0-0.053
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.005
Current Ratio (MRQ)Greater than10.181
Debt to Asset Ratio (MRQ)Less than10.935
Debt to Equity Ratio (MRQ)Less than116.345
Return on Equity (MRQ)Greater than0.15-0.007
Return on Assets (MRQ)Greater than0.050.000
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Banco Comercial Portugues based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5025.384
Ma 20Greater thanMa 500.141
Ma 50Greater thanMa 1000.145
Ma 100Greater thanMa 2000.157
OpenGreater thanClose0.124
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2022-06-30. Currency in EUR. All numbers in thousands.

Summary
Total Assets96,073,508
Total Liabilities89,782,421
Total Stockholder Equity5,492,897
 As reported
Total Liabilities 89,782,421
Total Stockholder Equity+ 5,492,897
Total Assets = 96,073,508

Assets

Total Assets96,073,508
Total Current Assets13,709,944
Long-term Assets13,709,944
Total Current Assets
Cash And Cash Equivalents 10,221,910
Net Receivables 391,287
Inventory 602,209
Total Current Assets  (as reported)13,709,944
Total Current Assets  (calculated)11,215,406
+/- 2,494,538
Long-term Assets
Property Plant Equipment 586,244
Goodwill 41,208
Long Term Investments 24,372,448
Intangible Assets 110,627
Long-term Assets  (as reported)0
Long-term Assets  (calculated)25,110,527
+/- 25,110,527

Liabilities & Shareholders' Equity

Total Current Liabilities75,897,701
Long-term Liabilities-
Total Stockholder Equity5,492,897
Total Current Liabilities
Accounts payable 72,982,000
Other Current Liabilities 650,702
Total Current Liabilities  (as reported)75,897,701
Total Current Liabilities  (calculated)73,632,702
+/- 2,264,999
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Common Stock4,725,000
Retained Earnings 343,043
Other Stockholders Equity 408,383
Total Stockholder Equity (as reported)5,492,897
Total Stockholder Equity (calculated)5,476,426
+/- 16,471
Other
Capital Stock4,725,000
Common Stock Shares Outstanding 15,113,666
Net Invested Capital 9,671,008
Net Tangible Assets 5,341,062



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-06-302002-12-312002-06-302001-12-312001-06-302000-06-30
> Total Assets 
58,828,423
62,946,033
62,960,708
60,795,744
61,851,573
65,495,771
67,784,627
68,528,026
68,286,207
71,678,495
71,813,951
74,592,584
75,788,237
76,849,602
76,245,203
76,383,476
77,012,527
79,258,746
79,145,404
85,671,930
85,055,697
88,166,161
87,884,774
93,709,530
93,152,119
94,423,724
93,084,817
93,786,471
93,911,649
95,550,410
96,660,254
98,993,288
99,433,989
100,009,739
96,628,719
99,716,776
97,352,802
93,482,076
92,028,648
92,999,189
89,274,019
89,744,039
89,474,368
83,943,576
83,121,405
82,007,033
82,348,317
80,440,438
78,797,744
76,360,916
78,313,484
78,730,397
75,985,033
74,884,879
76,295,263
73,067,533
73,041,596
71,264,811
72,076,924
73,023,738
72,989,731
71,939,450
72,673,921
73,100,160
73,744,606
75,923,049
77,118,347
80,873,238
81,359,123
81,643,408
81,499,104
86,556,426
86,017,095
85,813,421
88,565,879
91,364,506
91,462,985
92,904,812
95,561,320
96,073,508
96,073,50895,561,32092,904,81291,462,98591,364,50688,565,87985,813,42186,017,09586,556,42681,499,10481,643,40881,359,12380,873,23877,118,34775,923,04973,744,60673,100,16072,673,92171,939,45072,989,73173,023,73872,076,92471,264,81173,041,59673,067,53376,295,26374,884,87975,985,03378,730,39778,313,48476,360,91678,797,74480,440,43882,348,31782,007,03383,121,40583,943,57689,474,36889,744,03989,274,01992,999,18992,028,64893,482,07697,352,80299,716,77696,628,719100,009,73999,433,98998,993,28896,660,25495,550,41093,911,64993,786,47193,084,81794,423,72493,152,11993,709,53087,884,77488,166,16185,055,69785,671,93079,145,40479,258,74677,012,52776,383,47676,245,20376,849,60275,788,23774,592,58471,813,95171,678,49568,286,20768,528,02667,784,62765,495,77161,851,57360,795,74462,960,70862,946,03358,828,423
   > Total Current 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
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
6,445,950
6,852,151
6,494,893
7,693,164
7,752,470
8,532,194
9,131,366
9,548,301
8,489,207
9,450,743
10,495,269
9,229,858
9,391,536
11,300,327
14,709,501
13,709,944
13,709,94414,709,50111,300,3279,391,5369,229,85810,495,2699,450,7438,489,2079,548,3019,131,3668,532,1947,752,4707,693,1646,494,8936,852,1516,445,9500000000000000000000000000000000000000000000000000000000000000000
       Cash And Cash Equivalents 
2,451,067
2,118,060
3,202,070
2,024,289
2,146,314
1,642,464
1,655,116
2,034,879
1,701,249
2,517,689
3,118,370
2,370,046
2,374,213
2,131,497
1,935,449
2,138,320
2,142,339
1,679,221
2,248,273
1,128,187
1,567,453
1,474,592
2,329,504
1,231,067
1,959,931
1,732,239
1,208,093
1,090,582
1,215,705
1,523,026
1,454,880
1,600,516
1,533,168
1,952,447
1,564,141
1,945,380
2,196,631
2,268,554
1,708,411
1,589,813
1,378,667
1,562,300
1,411,001
1,938,825
1,619,339
2,939,663
1,240,136
1,258,114
1,291,609
1,398,584
1,697,588
1,729,737
1,523,513
1,401,724
1,253,360
885,499
909,376
988,515
744,262
997,060
1,592,641
836,140
785,075
725,728
837,187
892,909
2,439,626
3,742,735
4,179,133
5,725,386
3,334,825
5,277,619
4,496,103
6,081,370
6,776,023
4,688,434
6,375,722
7,796,299
11,430,075
10,221,910
10,221,91011,430,0757,796,2996,375,7224,688,4346,776,0236,081,3704,496,1035,277,6193,334,8255,725,3864,179,1333,742,7352,439,626892,909837,187725,728785,075836,1401,592,641997,060744,262988,515909,376885,4991,253,3601,401,7241,523,5131,729,7371,697,5881,398,5841,291,6091,258,1141,240,1362,939,6631,619,3391,938,8251,411,0011,562,3001,378,6671,589,8131,708,4112,268,5542,196,6311,945,3801,564,1411,952,4471,533,1681,600,5161,454,8801,523,0261,215,7051,090,5821,208,0931,732,2391,959,9311,231,0672,329,5041,474,5921,567,4531,128,1872,248,2731,679,2212,142,3392,138,3201,935,4492,131,4972,374,2132,370,0463,118,3702,517,6891,701,2492,034,8791,655,1161,642,4642,146,3142,024,2893,202,0702,118,0602,451,067
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
11,123
80,603
4,438
40,644
19,124
4,048
6,279
1,063,530
0
1,312,362
43,135
1,468,190
73,517
1,395,270
933,299
1,532,287
1,506,345
1,612,116
1,105,617
639,320
1,304,650
804,698
20,726
636,674
1,201,107
1,425,296
1,315,422
1,161,980
1,940,972
2,852,218
2,171,521
1,279,842
1,550,762
58,268
1,946,739
1,467,137
1,279,745
1,141,060
1,832,350
1,869,142
985,522
1,215,006
1,747,608
1,718,924
2,150,732
1,054,147
1,228,704
1,160,713
1,736,484
1,627,326
1,768,763
1,705,517
15,531
58,252
185,246
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000185,24658,25215,5311,705,5171,768,7631,627,3261,736,4841,160,7131,228,7041,054,1472,150,7321,718,9241,747,6081,215,006985,5221,869,1421,832,3501,141,0601,279,7451,467,1371,946,73958,2681,550,7621,279,8422,171,5212,852,2181,940,9721,161,9801,315,4221,425,2961,201,107636,67420,726804,6981,304,650639,3201,105,6171,612,1161,506,3451,532,287933,2991,395,27073,5171,468,19043,1351,312,36201,063,5306,2794,04819,12440,6444,43880,60311,123000000000000
       Net Receivables 
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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
268,324
307,907
296,995
400,337
233,248
26,738
243,886
319,889
482,073
359,647
344,934
596,673
377,628
363,619
655,080
391,287
391,287655,080363,619377,628596,673344,934359,647482,073319,889243,88626,738233,248400,337296,995307,907268,3240000000000000000000000000000000000000000000000000000000000000000
       Other Current 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
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
1,926,138
2,459,010
2,145,296
3,395,994
3,654,060
4,841,359
3,474,740
4,518,609
4,035,845
5,458,052
6,612,994
4,684,769
5,558,033
7,846,991
10,159,678
8,898,306
8,898,30610,159,6787,846,9915,558,0334,684,7696,612,9945,458,0524,035,8454,518,6093,474,7404,841,3593,654,0603,395,9942,145,2962,459,0101,926,1380000000000000000000000000000000000000000000000000000000000000000
   > Long-term Assets 00000000000000000000000000000000000000000000000000000000000000000000000000000000
       Property Plant Equipment 
1,193,108
1,257,561
1,311,444
1,175,280
1,132,094
1,242,206
1,059,820
1,025,375
1,007,253
971,622
955,510
920,678
847,402
838,601
767,405
740,489
732,330
741,297
724,966
740,517
743,686
699,094
690,552
709,199
702,549
745,818
721,143
708,151
648,848
645,818
626,705
625,690
613,318
617,240
592,891
596,410
615,606
624,599
608,427
619,085
605,831
626,398
620,922
561,436
529,133
732,563
730,877
728,803
774,931
755,451
775,484
706,101
673,474
670,871
626,881
475,150
463,459
473,866
482,492
487,425
478,975
490,423
481,590
487,759
484,236
461,276
621,891
712,384
723,099
729,442
694,827
671,477
647,296
640,825
630,557
620,831
603,486
600,721
595,658
586,244
586,244595,658600,721603,486620,831630,557640,825647,296671,477694,827729,442723,099712,384621,891461,276484,236487,759481,590490,423478,975487,425482,492473,866463,459475,150626,881670,871673,474706,101775,484755,451774,931728,803730,877732,563529,133561,436620,922626,398605,831619,085608,427624,599615,606596,410592,891617,240613,318625,690626,705645,818648,848708,151721,143745,818702,549709,199690,552699,094743,686740,517724,966741,297732,330740,489767,405838,601847,402920,678955,510971,6221,007,2531,025,3751,059,8201,242,2061,132,0941,175,2801,311,4441,257,5611,193,108
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
336,316
0
0
0
0
0
500,876
0
500,877
0
500,918
0
506,227
506,182
506,186
501,825
501,759
501,696
435,626
438,447
361,466
0
361,496
361,562
214,454
214,411
214,443
214,415
214,386
214,388
214,412
214,395
0
214,363
214,362
214,409
214,394
175,816
175,768
175,724
175,694
175,646
167,146
159,514
129,931
129,943
129,958
129,944
119,597
136,883
128,276
122,575
116,356
116,145
145,928
142,796
152,067
0
152,096
149,129
148,202
0
149,708
146,946
147,500
145,851
41,208
41,208145,851147,500146,946149,7080148,202149,129152,0960152,067142,796145,928116,145116,356122,575128,276136,883119,597129,944129,958129,943129,931159,514167,146175,646175,694175,724175,768175,816214,394214,409214,362214,3630214,395214,412214,388214,386214,415214,443214,411214,454361,562361,4960361,466438,447435,626501,696501,759501,825506,186506,182506,2270500,9180500,8770500,87600000336,3160000000000000
       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
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
17,059,678
18,772,554
21,184,034
19,503,285
20,407,125
18,811,716
20,739,156
22,899,767
22,784,165
20,910,322
22,769,853
25,700,641
24,033,168
23,590,004
22,790,530
24,372,448
24,372,44822,790,53023,590,00424,033,16825,700,64122,769,85320,910,32222,784,16522,899,76720,739,15618,811,71620,407,12519,503,28521,184,03418,772,55417,059,6780000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
83,340
103,422
135,251
138,995
40,465
0
0
0
0
0
56,419
347,865
337,271
336,316
375,812
371,538
367,936
532,391
529,473
529,883
531,153
536,533
533,538
534,934
534,009
540,228
539,046
539,831
535,942
534,995
530,844
463,403
472,892
400,802
398,532
396,791
397,048
251,266
249,317
248,494
248,971
259,054
255,545
251,215
250,068
250,915
249,447
249,373
248,111
252,789
208,538
207,162
206,271
210,916
207,842
194,975
188,823
162,106
162,309
164,293
164,560
164,406
179,775
171,596
46,170
58,039
54,721
68,768
77,111
90,563
0
86,044
86,795
97,752
0
92,952
95,834
108,713
107,103
110,627
110,627107,103108,71395,83492,952097,75286,79586,044090,56377,11168,76854,72158,03946,170171,596179,775164,406164,560164,293162,309162,106188,823194,975207,842210,916206,271207,162208,538252,789248,111249,373249,447250,915250,068251,215255,545259,054248,971248,494249,317251,266397,048396,791398,532400,802472,892463,403530,844534,995535,942539,831539,046540,228534,009534,934533,538536,533531,153529,883529,473532,391367,936371,538375,812336,316337,271347,86556,4190000040,465138,995135,251103,42283,340
> Total Liabilities 
54,757,975
59,445,910
59,426,316
57,566,401
58,836,089
61,441,015
63,557,588
64,020,775
63,661,190
66,487,954
68,105,368
70,807,458
71,831,051
72,247,582
71,477,749
71,531,236
71,999,552
74,190,806
73,896,957
80,338,756
79,783,922
83,266,906
82,969,538
87,468,499
86,823,856
88,175,490
87,037,320
87,394,476
86,858,624
88,329,609
89,236,658
91,693,661
92,095,336
92,762,263
89,421,582
92,349,746
90,057,764
89,107,706
87,468,790
89,053,037
85,441,691
85,743,851
85,605,902
80,527,050
79,745,202
78,731,225
79,009,798
77,069,827
73,213,142
71,374,009
72,745,749
73,079,527
70,248,486
69,204,308
70,642,990
68,053,888
68,093,234
65,999,630
65,342,177
66,078,026
65,931,683
64,759,714
65,848,747
66,213,243
66,799,954
68,959,143
69,529,645
73,308,116
73,723,635
74,262,154
74,249,765
79,106,742
78,537,761
78,427,151
81,270,115
83,978,242
84,104,840
85,842,755
88,991,534
89,782,421
89,782,42188,991,53485,842,75584,104,84083,978,24281,270,11578,427,15178,537,76179,106,74274,249,76574,262,15473,723,63573,308,11669,529,64568,959,14366,799,95466,213,24365,848,74764,759,71465,931,68366,078,02665,342,17765,999,63068,093,23468,053,88870,642,99069,204,30870,248,48673,079,52772,745,74971,374,00973,213,14277,069,82779,009,79878,731,22579,745,20280,527,05085,605,90285,743,85185,441,69189,053,03787,468,79089,107,70690,057,76492,349,74689,421,58292,762,26392,095,33691,693,66189,236,65888,329,60986,858,62487,394,47687,037,32088,175,49086,823,85687,468,49982,969,53883,266,90679,783,92280,338,75673,896,95774,190,80671,999,55271,531,23671,477,74972,247,58271,831,05170,807,45868,105,36866,487,95463,661,19064,020,77563,557,58861,441,01558,836,08957,566,40159,426,31659,445,91054,757,975
   > Total Current 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
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
56,013,653
57,414,757
58,387,671
61,620,595
61,375,837
62,739,173
63,058,249
65,516,688
64,825,236
65,514,653
66,915,962
69,712,287
69,524,529
71,925,730
73,920,636
75,897,701
75,897,70173,920,63671,925,73069,524,52969,712,28766,915,96265,514,65364,825,23665,516,68863,058,24962,739,17361,375,83761,620,59558,387,67157,414,75756,013,6530000000000000000000000000000000000000000000000000000000000000000
       Short-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
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
62,402
263,329
197,078
272,291
237,201
0
0
0
0
0
0
0
0
0
0
0
00000000000237,201272,291197,078263,32962,4020000000000000000000000000000000000000000000000000000000000000000
       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
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
62,402
263,329
197,078
272,291
237,201
0
0
0
0
0
0
0
0
0
0
0
00000000000237,201272,291197,078263,32962,4020000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
148,044
0
101,768
55,725
0
147,569
0
15,396
0
0
0
113,103
0
0
0
0
0
71,193
0
122,551
0
66,766
0
66,436
54,821
469,510
40,723
72,731
42,570
38,987
25,226
29,177
0
38,039
35,982
49,000
27,338
28,426
36,794
50,388
29,773
30,571
39,990
0
39,260
33,524
33,089
35,842
41,143
26,492
26,235
34,562
36,232
23,530
18,925
28,430
22,436
33,373
28,435
39,197
33,055
35,420
53,881,953
55,686,793
50,649
59,318
217,992
60,998,498
61,191,162
63,533,379
63,010,351
63,648,345
65,407,319
67,949,767
68,151,015
69,559,228
71,853,264
72,982,000
72,982,00071,853,26469,559,22868,151,01567,949,76765,407,31963,648,34563,010,35163,533,37961,191,16260,998,498217,99259,31850,64955,686,79353,881,95335,42033,05539,19728,43533,37322,43628,43018,92523,53036,23234,56226,23526,49241,14335,84233,08933,52439,260039,99030,57129,77350,38836,79428,42627,33849,00035,98238,039029,17725,22638,98742,57072,73140,723469,51054,82166,436066,7660122,551071,19300000113,10300015,3960147,569055,725101,7680148,04400
       Other Current 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
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
517,831
370,318
537,481
713,817
631,276
513,642
386,091
574,250
603,009
445,184
578,173
790,540
645,766
393,854
554,034
650,702
650,702554,034393,854645,766790,540578,173445,184603,009574,250386,091513,642631,276713,817537,481370,318517,8310000000000000000000000000000000000000000000000000000000000000000
   > Long-term Liabilities 00000000000000000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
2,692,884
2,232,906
2,187,176
1,863,710
1,660,214
2,539,614
2,734,605
2,960,312
3,073,609
3,605,275
3,304,918
3,459,733
3,611,339
4,247,494
4,438,736
4,523,141
4,721,551
4,841,892
4,024,206
3,995,379
4,016,877
3,617,682
3,618,579
4,932,376
5,001,064
4,960,490
4,712,862
5,060,256
5,724,607
5,876,496
5,963,208
5,843,078
5,871,094
5,749,975
5,724,490
5,855,486
5,766,627
3,655,580
3,820,073
3,183,126
3,055,818
3,200,999
3,055,905
2,613,932
2,543,951
2,412,032
2,466,376
2,488,898
4,648,754
4,041,361
4,351,863
4,454,002
4,660,131
4,563,259
4,538,956
4,098,734
4,016,430
4,322,206
5,721,433
5,888,010
5,991,969
6,020,905
5,709,063
5,742,514
5,748,706
5,780,473
6,415,246
6,348,303
6,405,752
6,119,730
6,055,393
6,232,665
6,284,080
6,221,304
6,183,856
6,268,735
6,289,435
6,119,385
5,699,965
5,492,897
5,492,8975,699,9656,119,3856,289,4356,268,7356,183,8566,221,3046,284,0806,232,6656,055,3936,119,7306,405,7526,348,3036,415,2465,780,4735,748,7065,742,5145,709,0636,020,9055,991,9695,888,0105,721,4334,322,2064,016,4304,098,7344,538,9564,563,2594,660,1314,454,0024,351,8634,041,3614,648,7542,488,8982,466,3762,412,0322,543,9512,613,9323,055,9053,200,9993,055,8183,183,1263,820,0733,655,5805,766,6275,855,4865,724,4905,749,9755,871,0945,843,0785,963,2085,876,4965,724,6075,060,2564,712,8624,960,4905,001,0644,932,3763,618,5793,617,6824,016,8773,995,3794,024,2064,841,8924,721,5514,523,1414,438,7364,247,4943,611,3393,459,7333,304,9183,605,2753,073,6092,960,3122,734,6052,539,6141,660,2141,863,7102,187,1762,232,9062,692,884
   Common Stock
0
2,326,715
2,326,715
0
2,326,715
0
0
0
0
3,257,401
0
0
0
3,588,331
3,611,330
3,611,330
0
3,611,330
3,611,330
3,611,330
3,611,330
3,611,330
3,611,330
4,694,600
4,694,600
4,694,600
4,694,600
4,694,600
4,694,600
4,694,600
4,694,600
4,694,600
4,694,600
4,694,600
4,694,600
6,065,000
6,065,000
6,065,000
6,065,000
3,000,000
3,000,000
3,500,000
3,500,000
3,500,000
3,500,000
3,500,000
3,500,000
1,465,000
3,706,690
3,706,690
3,706,690
4,094,235
4,094,235
4,094,235
4,094,235
4,094,235
4,094,235
4,268,818
5,600,738
5,600,738
5,600,738
5,600,738
5,600,738
5,600,738
5,600,738
4,725,000
4,725,000
4,725,000
4,725,000
4,725,000
4,725,000
4,725,000
4,725,000
4,725,000
4,725,000
4,725,000
4,725,000
4,725,000
4,725,000
4,725,000
4,725,0004,725,0004,725,0004,725,0004,725,0004,725,0004,725,0004,725,0004,725,0004,725,0004,725,0004,725,0004,725,0004,725,0004,725,0005,600,7385,600,7385,600,7385,600,7385,600,7385,600,7385,600,7384,268,8184,094,2354,094,2354,094,2354,094,2354,094,2354,094,2353,706,6903,706,6903,706,6901,465,0003,500,0003,500,0003,500,0003,500,0003,500,0003,500,0003,000,0003,000,0006,065,0006,065,0006,065,0006,065,0004,694,6004,694,6004,694,6004,694,6004,694,6004,694,6004,694,6004,694,6004,694,6004,694,6004,694,6004,694,6003,611,3303,611,3303,611,3303,611,3303,611,3303,611,33003,611,3303,611,3303,588,3310003,257,40100002,326,71502,326,7152,326,7150
   Retained Earnings Total Equity00000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 00000000000000000000000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 00000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000-291-291-296-293-282-279-728-2,880-3,106-3,671-867-1,187-1,089-120,090-13,909-13,547-33,325-32,755-34,531-22,745-14,977-16,508-16,448-14,212-13,965-10,796-11,448-11,422-77,396-79,508-83,223-81,938-85,767-88,721-89,080-85,548-80,117-73,141-83,986-58,631-50,129-65,134-55,887-58,436-21,165-24,722-37,920-22,150-48,461-43,196-47,759-31,099-37,382-37,137-45,6750000000000
   Other Stockholders Equity 
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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-390,289
473,403
1,255,399
1,196,606
1,153,525
835,823
1,038,155
1,160,842
1,142,602
1,042,397
1,130,106
1,255,470
1,228,967
980,304
586,100
408,383
408,383586,100980,3041,228,9671,255,4701,130,1061,042,3971,142,6021,160,8421,038,155835,8231,153,5251,196,6061,255,399473,403-390,2890000000000000000000000000000000000000000000000000000000000000000



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.




Income Statement

Currency in EUR. All numbers in thousands.