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Befimmo-Sicafi
Buy, Hold or Sell?

Should you buy, hold or sell Befimmo?

I guess you are interested in Befimmo-Sicafi. 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 Befimmo

Let's start. I'm going to help you getting a better view of Befimmo-Sicafi. 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 Befimmo-Sicafi 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 Befimmo-Sicafi is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Befimmo-Sicafi. The closing price on 2023-01-03 was €46.10 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.
Befimmo-Sicafi Daily Candlestick Chart
Befimmo-Sicafi Daily Candlestick Chart
Summary









1. Valuation of Befimmo




Current price per share

€46.10

2. Growth of Befimmo




Is Befimmo growing?

Current yearPrevious yearGrowGrow %
How rich?$1.7b$1.7b$42.2m2.4%

How much money is Befimmo making?

Current yearPrevious yearGrowGrow %
Making money$97.3m$62.8m$34.4m35.4%
Net Profit Margin54.9%31.9%--

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

3. Financial Health of Befimmo




Comparing to competitors in the REIT-Office industry




  Industry Rankings (REIT-Office)  


Richest
#38 / 69

Most Revenue
#28 / 69

Most Profit
#23 / 69


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient 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 very efficient.
The company is very efficient in keeping operating costs low.
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 very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

1.1. Profitability of Befimmo-Sicafi.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Befimmo to the REIT-Office industry mean.
  • A Net Profit Margin of 54.9% means that €0.55 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Befimmo-Sicafi:

  • The MRQ is 54.9%. The company is making a huge profit. +2
  • The TTM is 54.9%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ54.9%TTM54.9%0.0%
TTM54.9%YOY31.9%+23.0%
TTM54.9%5Y60.9%-6.0%
5Y60.9%10Y50.1%+10.8%
Compared to industry (REIT-Office)
PeriodCompanyIndustry (mean)+/- 
MRQ54.9%18.3%+36.6%
TTM54.9%21.8%+33.1%
YOY31.9%21.0%+10.9%
5Y60.9%38.7%+22.2%
10Y50.1%36.9%+13.2%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Befimmo to the REIT-Office industry mean.
  • 3.0% Return on Assets means that Befimmo generated €0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Befimmo-Sicafi:

  • The MRQ is 3.0%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.0%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.0%TTM3.0%0.0%
TTM3.0%YOY2.0%+1.0%
TTM3.0%5Y3.9%-0.9%
5Y3.9%10Y3.4%+0.5%
Compared to industry (REIT-Office)
PeriodCompanyIndustry (mean)+/- 
MRQ3.0%1.0%+2.0%
TTM3.0%1.0%+2.0%
YOY2.0%0.7%+1.3%
5Y3.9%1.0%+2.9%
10Y3.4%0.9%+2.5%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Befimmo to the REIT-Office industry mean.
  • 5.5% Return on Equity means Befimmo generated €0.05 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Befimmo-Sicafi:

  • The MRQ is 5.5%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 5.5%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ5.5%TTM5.5%0.0%
TTM5.5%YOY3.6%+1.9%
TTM5.5%5Y7.1%-1.6%
5Y7.1%10Y6.3%+0.8%
Compared to industry (REIT-Office)
PeriodCompanyIndustry (mean)+/- 
MRQ5.5%1.5%+4.0%
TTM5.5%1.6%+3.9%
YOY3.6%1.3%+2.3%
5Y7.1%1.7%+5.4%
10Y6.3%1.7%+4.6%

1.2. Operating Efficiency of Befimmo-Sicafi.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Befimmo is operating .

  • Measures how much profit Befimmo 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 Befimmo to the REIT-Office industry mean.
  • An Operating Margin of 60.4% means the company generated €0.60  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Befimmo-Sicafi:

  • The MRQ is 60.4%. The company is operating very efficient. +2
  • The TTM is 60.4%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ60.4%TTM60.4%0.0%
TTM60.4%YOY38.7%+21.7%
TTM60.4%5Y68.9%-8.5%
5Y68.9%10Y61.7%+7.2%
Compared to industry (REIT-Office)
PeriodCompanyIndustry (mean)+/- 
MRQ60.4%29.5%+30.9%
TTM60.4%25.9%+34.5%
YOY38.7%22.6%+16.1%
5Y68.9%40.4%+28.5%
10Y61.7%37.9%+23.8%
1.2.2. Operating Ratio

Measures how efficient Befimmo is keeping operating costs low.

  • Below 1 is considered healthy (always compare to REIT-Office industry mean).
  • An Operation Ratio of 0.56 means that the operating costs are €0.56 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Befimmo-Sicafi:

  • The MRQ is 0.563. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.563. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.563TTM0.5630.000
TTM0.563YOY0.477+0.086
TTM0.5635Y0.438+0.124
5Y0.43810Y0.407+0.031
Compared to industry (REIT-Office)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5630.799-0.236
TTM0.5630.821-0.258
YOY0.4770.756-0.279
5Y0.4380.729-0.291
10Y0.4070.708-0.301

1.3. Liquidity of Befimmo-Sicafi.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to REIT-Office industry mean).
  • A Current Ratio of 0.15 means the company has €0.15 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Befimmo-Sicafi:

  • The MRQ is 0.146. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.146. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.146TTM0.1460.000
TTM0.146YOY0.114+0.033
TTM0.1465Y0.090+0.056
5Y0.09010Y0.079+0.011
Compared to industry (REIT-Office)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1461.136-0.990
TTM0.1461.283-1.137
YOY0.1141.436-1.322
5Y0.0901.551-1.461
10Y0.0791.594-1.515
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Befimmo to the REIT-Office industry mean.
  • A Quick Ratio of 0.11 means the company can pay off €0.11 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Befimmo-Sicafi:

  • The MRQ is 0.106. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.106. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.106TTM0.1060.000
TTM0.106YOY0.064+0.041
TTM0.1065Y0.063+0.042
5Y0.06310Y0.052+0.011
Compared to industry (REIT-Office)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1060.445-0.339
TTM0.1060.599-0.493
YOY0.0640.588-0.524
5Y0.0630.595-0.532
10Y0.0520.448-0.396

1.4. Solvency of Befimmo-Sicafi.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Befimmo to REIT-Office industry mean.
  • A Debt to Asset Ratio of 0.45 means that Befimmo assets are financed with 45.3% credit (debt) and the remaining percentage (100% - 45.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Befimmo-Sicafi:

  • The MRQ is 0.453. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.453. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.453TTM0.4530.000
TTM0.453YOY0.441+0.012
TTM0.4535Y0.450+0.003
5Y0.45010Y0.469-0.019
Compared to industry (REIT-Office)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4530.401+0.052
TTM0.4530.428+0.025
YOY0.4410.451-0.010
5Y0.4500.453-0.003
10Y0.4690.434+0.035
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Befimmo to the REIT-Office industry mean.
  • A Debt to Equity ratio of 82.9% means that company has €0.83 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Befimmo-Sicafi:

  • The MRQ is 0.829. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.829. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.829TTM0.8290.000
TTM0.829YOY0.789+0.041
TTM0.8295Y0.819+0.010
5Y0.81910Y0.887-0.067
Compared to industry (REIT-Office)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8290.756+0.073
TTM0.8290.787+0.042
YOY0.7890.884-0.095
5Y0.8190.897-0.078
10Y0.8870.8870.000

2. Market Valuation of Befimmo-Sicafi

2. Earnings Per Share
2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but always compare Befimmo to the REIT-Office industry mean.
  • A PE ratio of 10.21 means the investor is paying €10.21 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Befimmo-Sicafi:

  • The EOD is 13.941. Very good. +2
  • The MRQ is 10.207. Very good. +2
  • The TTM is 10.207. Very good. +2
Trends
Current periodCompared to+/- 
EOD13.941MRQ10.207+3.735
MRQ10.207TTM10.2070.000
TTM10.207YOY17.014-6.808
TTM10.2075Y12.372-2.165
5Y12.37210Y30.137-17.765
Compared to industry (REIT-Office)
PeriodCompanyIndustry (mean)+/- 
EOD13.94134.947-21.006
MRQ10.20740.539-30.332
TTM10.20744.295-34.088
YOY17.01427.553-10.539
5Y12.37237.893-25.521
10Y30.13738.901-8.764
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Befimmo.

  • Lower is better.
  • A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Befimmo-Sicafi:

  • The MRQ is 6.585. Seems overpriced? -1
  • The TTM is 6.585. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ6.585TTM6.5850.000
TTM6.585YOY52.704-46.119
TTM6.5855Y19.228-12.643
5Y19.22810Y189.645-170.416
Compared to industry (REIT-Office)
PeriodCompanyIndustry (mean)+/- 
MRQ6.585-0.264+6.849
TTM6.5850.370+6.215
YOY52.7040.430+52.274
5Y19.2280.064+19.164
10Y189.6450.056+189.589

2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to REIT-Office industry mean).
  • A PB ratio of 0.56 means the investor is paying €0.56 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Befimmo-Sicafi:

  • The EOD is 0.764. Very good. +2
  • The MRQ is 0.560. Very good. +2
  • The TTM is 0.560. Very good. +2
Trends
Current periodCompared to+/- 
EOD0.764MRQ0.560+0.205
MRQ0.560TTM0.5600.000
TTM0.560YOY0.617-0.057
TTM0.5605Y0.799-0.239
5Y0.79910Y1.005-0.206
Compared to industry (REIT-Office)
PeriodCompanyIndustry (mean)+/- 
EOD0.7640.657+0.107
MRQ0.5600.803-0.243
TTM0.5600.877-0.317
YOY0.6170.839-0.222
5Y0.7990.880-0.081
10Y1.0050.812+0.193
2. Total Gains per Share

2.4. Latest News of Befimmo-Sicafi

Does Befimmo-Sicafi 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 Befimmo-Sicafi to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2023-01-06
08:00
Befimmo SA: Alexandrite Monnet Belgian Bidco SA acquires control of 100% of Befimmo SA following the simplified squeeze-out and Befimmo SA has left the stock market on 3 january 2023 after close of trading.Read

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Befimmo-Sicafi 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--1.4821.4820%-0.561+138%1.684-12%2.067-28%
Book Value Growth--1.0241.0240%0.992+3%1.032-1%1.045-2%
Book Value Per Share--60.31660.3160%58.834+3%57.126+6%50.879+19%
Book Value Per Share Growth--1.0251.0250%0.991+3%1.031-1%1.045-2%
Current Ratio--0.1460.1460%0.114+29%0.090+62%0.079+85%
Debt To Asset Ratio--0.4530.4530%0.441+3%0.450+1%0.469-3%
Debt To Equity Ratio--0.8290.8290%0.789+5%0.819+1%0.887-6%
Dividend Per Share--1.8301.8300%2.540-28%2.842-36%2.499-27%
Dividend Per Share Growth--0.7200.7200%0.777-7%0.925-22%0.963-25%
Eps--3.3073.3070%2.134+55%4.031-18%3.290+0%
Eps Growth--1.5501.5500%0.323+380%1.228+26%1.951-21%
Free Cash Flow Per Share--0.1630.1630%2.866-94%2.470-93%2.829-94%
Free Cash Flow Per Share Growth--0.0570.0570%1.346-96%0.816-93%0.967-94%
Free Cash Flow To Equity Per Share--4.0764.0760%-3.154+177%0.861+373%1.973+107%
Free Cash Flow To Equity Per Share Growth--3.2923.2920%-1.769+154%1.158+184%1.227+168%
Gross Profit Margin--0.9940.9940%1.000-1%0.9990%0.999-1%
Intrinsic Value_10Y_max--11.492--------
Intrinsic Value_10Y_min---4.557--------
Intrinsic Value_1Y_max--1.601--------
Intrinsic Value_1Y_min--0.007--------
Intrinsic Value_3Y_max--4.467--------
Intrinsic Value_3Y_min---0.381--------
Intrinsic Value_5Y_max--6.921--------
Intrinsic Value_5Y_min---1.205--------
Net Profit Margin--0.5490.5490%0.319+72%0.609-10%0.501+10%
Operating Margin--0.6040.6040%0.387+56%0.689-12%0.617-2%
Operating Ratio--0.5630.5630%0.477+18%0.438+28%0.407+38%
Pb Ratio0.764+27%0.5600.5600%0.617-9%0.799-30%1.005-44%
Pe Ratio13.941+27%10.20710.2070%17.014-40%12.372-18%30.137-66%
Peg Ratio--6.5856.5850%52.704-88%19.228-66%189.645-97%
Price Per Share46.100+27%33.75033.7500%36.300-7%45.250-25%49.410-32%
Price To Total Gains Ratio13.920+27%10.19110.1910%18.339-44%12.160-16%4.126+147%
Profit Growth--1.5491.5490%0.323+379%1.228+26%1.953-21%
Quick Ratio--0.1060.1060%0.064+64%0.063+67%0.052+103%
Return On Assets--0.0300.0300%0.020+48%0.039-23%0.034-11%
Return On Equity--0.0550.0550%0.036+51%0.071-23%0.063-13%
Revenue Growth--0.8990.8990%0.992-9%0.988-9%1.032-13%
Total Gains Per Share--3.3123.3120%1.979+67%4.527-27%4.566-27%
Total Gains Per Share Growth--1.6731.6730%0.215+679%1.226+36%2.245-25%
Usd Book Value--1775418147.0001775418147.0000%1733199185.500+2%1680953315.940+6%1496762327.920+19%
Usd Book Value Change Per Share--1.6141.6140%-0.611+138%1.834-12%2.252-28%
Usd Book Value Per Share--65.69065.6900%64.076+3%62.216+6%55.412+19%
Usd Dividend Per Share--1.9931.9930%2.766-28%3.096-36%2.721-27%
Usd Eps--3.6013.6010%2.324+55%4.390-18%3.583+0%
Usd Free Cash Flow--4795307.3004795307.3000%84435744.800-94%72677167.740-93%83209527.110-94%
Usd Free Cash Flow Per Share--0.1770.1770%3.122-94%2.690-93%3.081-94%
Usd Free Cash Flow To Equity Per Share--4.4394.4390%-3.435+177%0.937+373%2.149+107%
Usd Price Per Share50.208+27%36.75736.7570%39.534-7%49.282-25%53.812-32%
Usd Profit--97332867.00097332867.0000%62850871.900+55%118594059.380-18%96786029.890+1%
Usd Revenue--177162807.900177162807.9000%196964824.100-10%194403696.540-9%191383948.970-7%
Usd Total Gains Per Share--3.6073.6070%2.156+67%4.930-27%4.973-27%
 EOD+2 -3MRQTTM+0 -0YOY+28 -155Y+15 -2810Y+19 -24

3.2. Fundamental Score

Let's check the fundamental score of Befimmo-Sicafi based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1513.941
Price to Book Ratio (EOD)Between0-10.764
Net Profit Margin (MRQ)Greater than00.549
Operating Margin (MRQ)Greater than00.604
Quick Ratio (MRQ)Greater than10.106
Current Ratio (MRQ)Greater than10.146
Debt to Asset Ratio (MRQ)Less than10.453
Debt to Equity Ratio (MRQ)Less than10.829
Return on Equity (MRQ)Greater than0.150.055
Return on Assets (MRQ)Greater than0.050.030
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Befimmo-Sicafi based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5040.062
Ma 20Greater thanMa 5046.589
Ma 50Greater thanMa 10046.202
Ma 100Greater thanMa 20046.069
OpenGreater thanClose47.200
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2021-12-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets2,982,289
Total Liabilities1,352,119
Total Stockholder Equity1,630,170
 As reported
Total Liabilities 1,352,119
Total Stockholder Equity+ 1,630,170
Total Assets = 2,982,289

Assets

Total Assets2,982,289
Total Current Assets67,798
Long-term Assets67,798
Total Current Assets
Cash And Cash Equivalents 2,022
Net Receivables 46,989
Inventory 13,133
Total Current Assets  (as reported)67,798
Total Current Assets  (calculated)62,144
+/- 5,654
Long-term Assets
Property Plant Equipment 19,118
Goodwill 16,299
Intangible Assets 6,176
Long-term Assets Other 2,872,897
Long-term Assets  (as reported)2,914,490
Long-term Assets  (calculated)2,914,490
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities463,579
Long-term Liabilities888,540
Total Stockholder Equity1,630,170
Total Current Liabilities
Short-term Debt 357,456
Short Long Term Debt 353,238
Accounts payable 51,453
Other Current Liabilities 44,538
Total Current Liabilities  (as reported)463,579
Total Current Liabilities  (calculated)806,685
+/- 343,106
Long-term Liabilities
Long term Debt 807,195
Capital Lease Obligations 45,382
Other Liabilities 13,101
Long-term Liabilities  (as reported)888,540
Long-term Liabilities  (calculated)865,678
+/- 22,862
Total Stockholder Equity
Common Stock398,357
Retained Earnings 55,316
Other Stockholders Equity 1,176,497
Total Stockholder Equity (as reported)1,630,170
Total Stockholder Equity (calculated)1,630,170
+/-0
Other
Capital Stock398,357
Cash and Short Term Investments 2,022
Common Stock Shares Outstanding 27,027
Liabilities and Stockholders Equity 2,982,289
Net Debt 1,203,793
Net Invested Capital 2,790,603
Net Tangible Assets 1,607,695
Net Working Capital -395,781
Short Long Term Debt Total 1,205,815



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312011-09-302010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-31
> Total Assets 
572,617
699,167
1,084,400
1,102,188
1,152,255
1,115,718
1,109,012
1,896,770
1,971,751
1,989,395
1,985,075
2,030,424
2,027,849
2,027,248
2,249,359
2,353,931
2,500,234
2,613,052
2,559,128
2,735,141
2,912,252
2,846,489
2,982,289
2,982,2892,846,4892,912,2522,735,1412,559,1282,613,0522,500,2342,353,9312,249,3592,027,2482,027,8492,030,4241,985,0751,989,3951,971,7511,896,7701,109,0121,115,7181,152,2551,102,1881,084,400699,167572,617
   > Total Current Assets 
0
88,784
9,962
37,400
0
24,295
28,237
29,301
43,817
49,707
79,352
0
29,591
36,449
26,500
31,891
40,406
39,104
26,651
34,398
50,563
56,284
67,798
67,79856,28450,56334,39826,65139,10440,40631,89126,50036,44929,591079,35249,70743,81729,30128,23724,295037,4009,96288,7840
       Cash And Cash Equivalents 
416
287
1,377
13,887
2,672
9,453
14,961
5,288
4,556
6,096
3,492
4,370
4,179
2,314
1,524
82
215
153
254
591
2,878
2,439
2,022
2,0222,4392,878591254153215821,5242,3144,1794,3703,4926,0964,5565,28814,9619,4532,67213,8871,377287416
       Short-term Investments 
1,000
55,500
0
14,022
10,142
4,507
228
5,343
1,870
551
411
0
221
0
0
0
0
1,111
5
0
0
0
0
000051,111000022104115511,8705,3432284,50710,14214,022055,5001,000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
22,233
22,914
21,226
35,492
24,513
24,640
32,783
29,485
46,989
46,98929,48532,78324,64024,51335,49221,22622,91422,23300000000000000
       Other Current Assets 
0
88,497
8,585
23,513
0
14,842
13,048
18,670
37,391
43,060
75,449
0
25,191
26,239
24,976
29,842
39,707
38,951
26,397
33,807
47,685
32,264
52,643
52,64332,26447,68533,80726,39738,95139,70729,84224,97626,23925,191075,44943,06037,39118,67013,04814,842023,5138,58588,4970
   > Long-term Assets 
0
610,383
1,074,438
1,064,788
0
1,091,423
1,080,775
1,867,469
1,927,934
1,939,688
1,905,723
0
1,998,258
1,990,799
2,222,859
2,322,040
2,459,828
2,573,948
2,532,477
2,700,743
2,861,689
2,790,205
2,914,490
2,914,4902,790,2052,861,6892,700,7432,532,4772,573,9482,459,8282,322,0402,222,8591,990,7991,998,25801,905,7231,939,6881,927,9341,867,4691,080,7751,091,42301,064,7881,074,438610,3830
       Property Plant Equipment 
21
595,390
1,064,818
1,054,527
128
1,089,994
405
692
722
630
658
0
978
639
746
709
997
2,465
2,436
1,021
10,948
15,355
19,118
19,11815,35510,9481,0212,4362,46599770974663997806586307226924051,089,9941281,054,5271,064,818595,39021
       Goodwill 
0
0
0
0
0
0
0
16,172
15,977
15,890
15,890
15,774
15,774
15,774
15,774
14,807
14,552
14,494
14,281
14,217
23,629
18,145
16,299
16,29918,14523,62914,21714,28114,49414,55214,80715,77415,77415,77415,77415,89015,89015,97716,1720000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,395
12,168
15,817
8,166
6,491
17,123
20,059
0
0
0020,05917,1236,4918,16615,81712,16813,39500000000000000
       Intangible Assets 
3,360
2,573
0
0
0
0
0
2,216
15,977
15,890
15,890
15,774
15,774
15,774
15,774
14,808
14,552
14,494
14,281
899
1,729
3,815
6,176
6,1763,8151,72989914,28114,49414,55214,80815,77415,77415,77415,77415,89015,89015,9772,216000002,5733,360
       Long-term Assets Other 
0
12,420
9,620
10,261
0
1,429
1,078,585
1,828,106
1,889,278
1,921,307
1,887,698
0
1,973,647
1,974,386
2,206,339
2,306,524
2,444,279
2,556,989
2,515,760
2,684,606
2,825,383
2,752,890
2,872,897
2,872,8972,752,8902,825,3832,684,6062,515,7602,556,9892,444,2792,306,5242,206,3391,974,3861,973,64701,887,6981,921,3071,889,2781,828,1061,078,5851,429010,2619,62012,4200
> Total Liabilities 
140,840
221,311
478,804
500,894
548,459
492,380
448,784
899,978
943,244
939,396
903,191
948,098
957,390
1,029,009
1,083,745
1,158,483
1,234,939
1,211,703
1,110,624
1,291,926
1,308,379
1,255,084
1,352,119
1,352,1191,255,0841,308,3791,291,9261,110,6241,211,7031,234,9391,158,4831,083,7451,029,009957,390948,098903,191939,396943,244899,978448,784492,380548,459500,894478,804221,311140,840
   > Total Current Liabilities 
0
150,136
308,249
375,489
0
375,479
357,366
746,140
80,810
175,128
298,272
0
91,148
462,678
357,327
600,859
560,410
647,378
605,616
531,448
612,222
494,980
463,579
463,579494,980612,222531,448605,616647,378560,410600,859357,327462,67891,1480298,272175,12880,810746,140357,366375,4790375,489308,249150,1360
       Short-term Debt 
0
0
0
43,562
0
19,945
317,385
662,692
0
0
205,967
0
21,405
396,319
269,103
514,301
464,547
559,239
517,832
443,012
495,760
367,157
357,456
357,456367,157495,760443,012517,832559,239464,547514,301269,103396,31921,4050205,96700662,692317,38519,945043,562000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
993,944
140,962
70,797
559,239
517,832
443,012
493,559
364,001
353,238
353,238364,001493,559443,012517,832559,23970,797140,962993,94400000000000000
       Accounts payable 
6,534
4,210
39,675
22,499
19,645
17,948
34,916
71,050
46,967
110,506
84,169
75,393
47,318
27,329
43,207
36,535
31,515
25,296
28,610
29,365
58,236
71,392
51,453
51,45371,39258,23629,36528,61025,29631,51536,53543,20727,32947,31875,39384,169110,50646,96771,05034,91617,94819,64522,49939,6754,2106,534
       Other Current Liabilities 
0
150,136
308,249
331,927
0
337,586
5,065
12,398
33,843
64,622
8,136
0
22,425
39,030
45,017
50,023
64,348
62,843
59,174
34,147
30,866
34,694
44,538
44,53834,69430,86634,14759,17462,84364,34850,02345,01739,03022,42508,13664,62233,84312,3985,065337,5860331,927308,249150,1360
   > Long-term Liabilities 
0
71,175
170,555
125,405
0
116,901
91,418
153,838
862,434
764,268
604,919
0
866,242
566,331
726,418
557,624
674,529
564,325
505,008
760,478
696,157
760,104
888,540
888,540760,104696,157760,478505,008564,325674,529557,624726,418566,331866,2420604,919764,268862,434153,83891,418116,9010125,405170,55571,1750
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
659,361
538,747
484,255
735,519
637,567
0
0
00637,567735,519484,255538,747659,3610000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
-1
-2
0
0-2-110000000000000000000
> Total Stockholder Equity
431,777
477,856
605,596
601,294
603,796
623,338
660,228
931,905
966,809
988,367
1,017,445
1,015,732
1,002,629
998,239
1,165,614
1,195,448
1,265,295
1,401,349
1,448,504
1,443,214
1,603,872
1,591,404
1,630,170
1,630,1701,591,4041,603,8721,443,2141,448,5041,401,3491,265,2951,195,4481,165,614998,2391,002,6291,015,7321,017,445988,367966,809931,905660,228623,338603,796601,294605,596477,856431,777
   Common Stock
111,309
114,883
142,295
142,295
142,295
142,295
142,295
186,919
186,919
233,985
233,985
243,245
254,111
267,720
310,293
319,066
323,661
357,871
357,871
357,871
398,320
398,356
398,357
398,357398,356398,320357,871357,871357,871323,661319,066310,293267,720254,111243,245233,985233,985186,919186,919142,295142,295142,295142,295142,295114,883111,309
   Retained Earnings 
41,659
59,721
66,049
67,608
66,245
75,722
363,021
346,399
385,825
247,930
277,008
296,281
15,683
105,953
22,989
12,624
40,589
31,702
69,820
16,597
112,213
12,269
55,316
55,31612,269112,21316,59769,82031,70240,58912,62422,989105,95315,683296,281277,008247,930385,825346,399363,02175,72266,24567,60866,04959,72141,659
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
702,548
792,641
792,641
792,641
861,905
0
0
00861,905792,641792,641792,641702,5480000000000000000
   Treasury Stock0000000-29,678-29,265-38,192-36,888-36,88800000000000
   Other Stockholders Equity 
0
303,252
397,252
391,391
0
405,321
154,912
398,587
394,065
506,452
506,452
0
732,835
730,519
832,332
863,758
901,045
1,011,776
1,020,813
1,068,746
1,093,339
1,180,779
1,176,497
1,176,4971,180,7791,093,3391,068,7461,020,8131,011,776901,045863,758832,332730,519732,8350506,452506,452394,065398,587154,912405,3210391,391397,252303,2520



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.