Constellation Energy Corp
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Let's analyse Constellation Energy Corp together

Penke I guess you are interested in Constellation Energy Corp. 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 Constellation Energy Corp. 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 Constellation Energy Corp (30 sec.)

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

How much money do you get?

$1.13

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$35.27

Expected worth in 1 year

$35.97

How sure are you?

67.5%

+ What do you gain per year?

Total Gains per Share

$1.83

Return On Investment

1.0%

For what price can you sell your share?

Current Price per Share

$183.86

Expected price per share

$130.46 - $198.83

How sure are you?

50%

1. Valuation of Constellation Energy Corp (5 min.)

Live pricePrice per Share (EOD)

$183.86

Book Value per Share

$35.27

Intrinsic Value Per Share

$-487.07 - $-258.59

Total Value Per Share

$-451.80 - $-223.32

My calculation of the intrinsic value of Constellation Energy Corp is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($-0.86) 3Y: ($-3.70) TTM: ($-5.98)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.34) 3Y: ($-0.67) TTM: ($-0.73)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-20.71	$-6.71	$-25.55 - $-8.89
2	$-50.03	$-18.41	$-36.31 - $-14.33
3	$-86.92	$-34.80	$-47.07 - $-19.76
4	$-130.44	$-55.60	$-57.83 - $-25.20
5	$-179.71	$-80.53	$-68.58 - $-30.64
6	$-233.94	$-109.34	$-79.34 - $-36.07
7	$-292.42	$-141.78	$-90.10 - $-41.51
8	$-354.49	$-177.62	$-100.86 - $-46.95
9	$-419.55	$-216.63	$-111.61 - $-52.38
10	$-487.07	$-258.59	$-122.37 - $-57.82

2. Growth of Constellation Energy Corp (5 min.)

Is Constellation Energy Corp growing?

	Current year	Previous year	Grow	Grow %
How rich?	$11.2b	$11.3b	$137.2m	1.2%

How much money is Constellation Energy Corp making?

	Current year	Previous year	Grow	Grow %
Making money	$406m	-$39.7m	$445.7m	109.8%
Net Profit Margin	6.9%	-0.7%	-	-

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

Quarterly Yearly

3. Financial Health of Constellation Energy Corp (5 min.)

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

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

What can you expect buying and holding a share of Constellation Energy Corp?

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

Speculation

The Price per Share of Constellation Energy Corp is $183.86. 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 Constellation Energy Corp.
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 Constellation Energy Corp, 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 $35.27. Based on the TTM, the Book Value Change Per Share is $0.18 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.25 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 $0.28 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Constellation Energy Corp.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	-0.11	-0.1%	1.81	1.0%	-0.12	-0.1%	0.58	0.3%	0.75	0.4%
Usd Book Value Change Per Share	-1.88	-1.0%	0.18	0.1%	-0.25	-0.1%	-0.70	-0.4%	-0.13	-0.1%
Usd Dividend Per Share	0.28	0.2%	0.28	0.2%	0.14	0.1%	0.78	0.4%	0.84	0.5%
Usd Total Gains Per Share	-1.60	-0.9%	0.46	0.2%	-0.11	-0.1%	0.08	0.0%	0.71	0.4%
Usd Price Per Share	116.89	-	99.01	-	70.73	-	33.95	-	16.97	-
Price to Earnings Ratio	-259.76	-	-57.76	-	43.37	-	-2.88	-	-1.44	-
Price-to-Total Gains Ratio	-72.84	-	-32.53	-	-116.01	-	-74.27	-	-74.27	-
Price to Book Ratio	3.31	-	2.78	-	2.05	-	0.97	-	0.48	-
Price-to-Total Gains Ratio	-72.84	-	-32.53	-	-116.01	-	-74.27	-	-74.27	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	183.86
Number of shares	5

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.28	0.78
Usd Book Value Change Per Share	0.18	-0.70
Usd Total Gains Per Share	0.46	0.08
Gains per Quarter (5 shares)	2.29	0.42
Gains per Year (5 shares)	9.16	1.68

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	6	4	-1	16	-14	-8
2	11	7	8	31	-28	-6
3	17	11	17	47	-42	-4
4	23	14	26	62	-56	-2
5	28	18	35	78	-70	0
6	34	21	44	94	-84	2
7	40	25	53	109	-98	4
8	45	28	62	125	-112	6
9	51	32	71	141	-125	8
10	56	35	80	156	-139	10

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	3.0	1.0	0.0	75.0%	7.0	5.0	0.0	58.3%	15.0	5.0	0.0	75.0%	29.0	11.0	0.0	72.5%	34.0	12.0	0.0	73.9%
Book Value Change Per Share	2.0	2.0	0.0	50.0%	3.0	9.0	0.0	25.0%	7.0	13.0	0.0	35.0%	18.0	22.0	0.0	45.0%	21.0	25.0	0.0	45.7%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	46.0	0.0	0.0	100.0%
Total Gains per Share	2.0	2.0	0.0	50.0%	5.0	7.0	0.0	41.7%	11.0	9.0	0.0	55.0%	27.0	13.0	0.0	67.5%	31.0	15.0	0.0	67.4%

Fundamentals of Constellation Energy Corp

About Constellation Energy Corp

https://www.constellationenergy.com
13871
1310 Point Street, Baltimore, MD, United States, 21231-3380
Google Maps Bing Maps

Constellation Energy Corporation generates and sells electricity in the United States. It operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. The company sells natural gas, energy-related products, and sustainable solutions. It has approximately 33,094 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It serves distribution utilities; municipalities; cooperatives; and commercial, industrial, governmental, and residential customers. The company was incorporated in 2021 and is headquartered in Baltimore, Maryland.

Fundamental data was last updated by Penke on 2024-04-13 15:39:04.

Financial Health

Profitability Details

	Compared to previous year	Compared 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 year	Compared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is able 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 year	Compared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Constellation Energy Corp.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Constellation Energy Corp earns for each $1 of revenue.

Above 10% is considered healthy but always compare Constellation Energy Corp to the Utilities - Renewable industry mean.
A Net Profit Margin of -0.7% means that $-0.01 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Constellation Energy Corp:

The MRQ is -0.7%. The company is not making a profit/loss.
The TTM is 6.9%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	-0.7%	TTM	6.9%	-7.7%
TTM	6.9%	YOY	-0.7%	+7.6%
TTM	6.9%	5Y	3.1%	+3.9%
5Y	3.1%	10Y	4.6%	-1.5%

Measures how much net profit Constellation Energy Corp earns for each $1 of revenue.

Revenue is the amount of profit Constellation Energy Corp generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Constellation Energy Corp earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Constellation Energy Corp to the Utilities - Renewable industry mean.
Can be used to compare companies within the Utilities - Renewable industry.

You typically want a high profit margin. This means that for each $1 in sales, Constellation Energy Corp makes more profit. This shows the investor how efficiently Constellation Energy Corp is operating in general and compared to other companies in the same industry. Constellation Energy Corp operates in the Utilities - Renewable industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Constellation Energy Corp. If profit margins remain low (compared to the Utilities - Renewable industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Constellation Energy Corp is -0.01. This means that Constellation Energy Corp earned $-0.01 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Constellation Energy Corp is performing over time. The most recent quarter might be important if Constellation Energy Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Constellation Energy Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Constellation Energy Corp with other companies in the same industry (Utilities - Renewable).
Net profit margin should rise over the years.
Can be influenced when Constellation Energy Corp sells assets (profit will increase while costs remain the same).
It won’t show what part of Constellation Energy Corp is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Constellation Energy Corp

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Constellation Energy Corp = -36,000
Total revenue MRQ Constellation Energy Corp = 4,864,000
$-36,000 / $4,864,000 = -0.01 or -0.7%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Constellation Energy Corp is using its assets to generate profit.

Above 5% is considered healthy but always compare Constellation Energy Corp to the Utilities - Renewable industry mean.
-0.1% Return on Assets means that Constellation Energy Corp generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Constellation Energy Corp:

The MRQ is -0.1%. Using its assets, the company is very inefficient in making profit. -2
The TTM is 0.9%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	-0.1%	TTM	0.9%	-0.9%
TTM	0.9%	YOY	-0.1%	+0.9%
TTM	0.9%	5Y	0.3%	+0.5%
5Y	0.3%	10Y	0.5%	-0.2%

Shows how efficient Constellation Energy Corp is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Constellation Energy Corp to the Utilities - Renewable industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Constellation Energy Corp is using its resources to generate profit. If the return on assets (-0.1%) from Constellation Energy Corp are higher than the Utilities - Renewable mean () that means Constellation Energy Corp is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Constellation Energy Corp is -0.1%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Constellation Energy Corp is performing over time. The most recent quarter might be important if Constellation Energy Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Constellation Energy Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Constellation Energy Corp

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Constellation Energy Corp = -36,000
Total assets MRQ (balance sheet) from Constellation Energy Corp = 50,758,000
-36,000 / 50,758,000 = 0.00 or -0.1%

ROA is an important ratio as it will tell you how effectively Constellation Energy Corp is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Constellation Energy Corp is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Constellation Energy Corp to the Utilities - Renewable industry mean.
-0.3% Return on Equity means Constellation Energy Corp generated $0.00 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Constellation Energy Corp:

The MRQ is -0.3%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is 3.6%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	-0.3%	TTM	3.6%	-3.9%
TTM	3.6%	YOY	-0.4%	+3.9%
TTM	3.6%	5Y	1.2%	+2.4%
5Y	1.2%	10Y	1.7%	-0.5%

Shows how efficient Constellation Energy Corp is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Constellation Energy Corp to the Utilities - Renewable industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Utilities - Renewable industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Constellation Energy Corp is -0.3%. This means Constellation Energy Corp generated $0.00 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Constellation Energy Corp is performing over time. The most recent quarter might be important if Constellation Energy Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Constellation Energy Corp up to 10 years back (depending if Constellation Energy Corp existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Constellation Energy Corp

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Constellation Energy Corp = -36,000
Shareholders equity (balance sheet) MRQ Constellation Energy Corp = 10,925,000
-36,000 / 10,925,000 = 0.00 or -0.3%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Constellation Energy Corp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Constellation Energy Corp is operating .

Measures how much profit Constellation Energy Corp 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 Constellation Energy Corp to the Utilities - Renewable industry mean.
An Operating Margin of 3.8% means the company generated $0.04 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Constellation Energy Corp:

The MRQ is 3.8%. The company is operating less efficient.
The TTM is 12.4%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	3.8%	TTM	12.4%	-8.6%
TTM	12.4%	YOY	3.8%	+8.6%
TTM	12.4%	5Y	6.6%	+5.8%
5Y	6.6%	10Y	7.7%	-1.1%

Measures how efficient Constellation Energy Corp is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Constellation Energy Corp to the Utilities - Renewable industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Constellation Energy Corp is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Constellation Energy Corp is 3.8%. This means that Constellation Energy Corp earned $0.04 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Constellation Energy Corp is performing over time. The most recent quarter might be important if Constellation Energy Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Constellation Energy Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Constellation Energy Corp

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Constellation Energy Corp = 187,000
Total revenue MRQ Constellation Energy Corp = 4,864,000
$187,000 / $4,864,000 = 0.04 or 3.8%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Constellation Energy Corp is keeping operating costs low.

Below 1 is considered healthy (always compare to Utilities - Renewable industry mean).
An Operation Ratio of 0.96 means that the operating costs are $0.96 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Constellation Energy Corp:

The MRQ is 0.962. The company is less efficient in keeping operating costs low.
The TTM is 0.920. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.962	TTM	0.920	+0.042
TTM	0.920	YOY	0.990	-0.070
TTM	0.920	5Y	0.959	-0.039
5Y	0.959	10Y	0.936	+0.023

Measures how efficient Constellation Energy Corp is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Constellation Energy Corp to the Utilities - Renewable industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Constellation Energy Corp is 96.2%. This means that Constellation Energy Corp earned $0.96 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Constellation Energy Corp is performing over time. The most recent quarter might be important if Constellation Energy Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Constellation Energy Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Constellation Energy Corp

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(4,543,000 +134,000) \ 4,864,000 = 0.96

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Constellation Energy Corp.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Constellation Energy Corp is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Utilities - Renewable industry mean).
A Current Ratio of 1.31 means the company has $1.31 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Constellation Energy Corp:

The MRQ is 1.313. The company is just able to pay all its short-term debts.
The TTM is 1.502. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	1.313	TTM	1.502	-0.189
TTM	1.502	YOY	1.296	+0.206
TTM	1.502	5Y	1.243	+0.259
5Y	1.243	10Y	1.364	-0.121

Measures if Constellation Energy Corp is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Utilities - Renewable industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Constellation Energy Corp if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Constellation Energy Corp is 1.31. This means Constellation Energy Corp has $1.31 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Constellation Energy Corp is performing over time. The most recent quarter might be important if Constellation Energy Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Constellation Energy Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Constellation Energy Corp

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
8,299,000 \ 6,319,000) = 1.31

The current ratio measures if Constellation Energy Corp is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Constellation Energy Corp is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Constellation Energy Corp does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Constellation Energy Corp is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

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

Above 1 is considered healthy but always compare Constellation Energy Corp to the Utilities - Renewable industry mean.
A Quick Ratio of 0.52 means the company can pay off $0.52 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Constellation Energy Corp:

The MRQ is 0.523. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.580. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.523	TTM	0.580	-0.057
TTM	0.580	YOY	0.058	+0.522
TTM	0.580	5Y	0.409	+0.171
5Y	0.409	10Y	0.525	-0.116

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Constellation Energy Corp to the Utilities - Renewable industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Constellation Energy Corp can pay off its short term debts. This shows if Constellation Energy Corp can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Constellation Energy Corp is 0.52. This means that Constellation Energy Corp can pay off $0.52 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Constellation Energy Corp is performing over time. The most recent quarter might be important if Constellation Energy Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Constellation Energy Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Constellation Energy Corp

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Constellation Energy Corp: (454,000 + 0 +2,851,000) / 6,319,000 = 0.52

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Constellation Energy Corp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Constellation Energy Corp assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Constellation Energy Corp to Utilities - Renewable industry mean.
A Debt to Asset Ratio of 0.78 means that Constellation Energy Corp assets are financed with 77.8% credit (debt) and the remaining percentage (100% - 77.8%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Constellation Energy Corp:

The MRQ is 0.778. The company is just able to pay all its debts by selling its assets.
The TTM is 0.761. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.778	TTM	0.761	+0.017
TTM	0.761	YOY	0.755	+0.005
TTM	0.761	5Y	0.723	+0.038
5Y	0.723	10Y	0.711	+0.011

Measures how much % of Constellation Energy Corp assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Constellation Energy Corp than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Constellation Energy Corp to Utilities - Renewable industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Constellation Energy Corp is 0.78. This means means that Constellation Energy Corp is financed with 77.8% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Constellation Energy Corp is performing over time. The most recent quarter might be important if Constellation Energy Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Constellation Energy Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Constellation Energy Corp has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Constellation Energy Corp

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
39,472,000 \ 50,758,000 = 77.8% or 0.78.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Constellation Energy Corp is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Constellation Energy Corp to the Utilities - Renewable industry mean.
A Debt to Equity ratio of 361.3% means that company has $3.61 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Constellation Energy Corp:

The MRQ is 3.613. The company is unable to pay all its debts with equity. -1
The TTM is 3.289. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	3.613	TTM	3.289	+0.324
TTM	3.289	YOY	3.194	+0.095
TTM	3.289	5Y	2.922	+0.367
5Y	2.922	10Y	2.787	+0.135

Measures if Constellation Energy Corp is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Constellation Energy Corp is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Constellation Energy Corp is 3.61. This means that Constellation Energy Corp can pay off $3.61 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Constellation Energy Corp is performing over time. The most recent quarter might be important if Constellation Energy Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Constellation Energy Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Constellation Energy Corp

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
39,472,000 \ 10,925,000 = 3.61 or 361.3%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Constellation Energy Corp

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 Constellation Energy Corp generates.

Above 15 is considered overpriced but always compare Constellation Energy Corp to the Utilities - Renewable industry mean.
A PE ratio of -259.76 means the investor is paying $-259.76 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Constellation Energy Corp:

The EOD is -408.578. Based on the earnings, the company is expensive. -2
The MRQ is -259.756. Based on the earnings, the company is expensive. -2
The TTM is -57.762. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-408.578	MRQ	-259.756	-148.822
MRQ	-259.756	TTM	-57.762	-201.993
TTM	-57.762	YOY	43.370	-101.132
TTM	-57.762	5Y	-2.878	-54.884
5Y	-2.878	10Y	-1.439	-1.439

Measures how much money you pay for each share for every $1 in earnings Constellation Energy Corp generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Constellation Energy Corp to the Utilities - Renewable industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Constellation Energy Corp is -259.76. This means the investor is paying $-259.76 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Constellation Energy Corp is performing over time. The most recent quarter might be important if Constellation Energy Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Constellation Energy Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Constellation Energy Corp

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 320,000 = EPS
PE ratio MRQ = -259.76

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Constellation Energy Corp:

The EOD is -3.802. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -2.417. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -5.338. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-3.802	MRQ	-2.417	-1.385
MRQ	-2.417	TTM	-5.338	+2.921
TTM	-5.338	YOY	-2.966	-2.372
TTM	-5.338	5Y	-1.661	-3.677
5Y	-1.661	10Y	-0.830	-0.830

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Utilities - Renewable industry mean).
A PB ratio of 3.31 means the investor is paying $3.31 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Constellation Energy Corp:

The EOD is 5.213. Based on the equity, the company is overpriced. -1
The MRQ is 3.314. Based on the equity, the company is fair priced.
The TTM is 2.784. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	5.213	MRQ	3.314	+1.899
MRQ	3.314	TTM	2.784	+0.530
TTM	2.784	YOY	2.047	+0.736
TTM	2.784	5Y	0.966	+1.818
5Y	0.966	10Y	0.483	+0.483

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Constellation Energy Corp.

3.1. Institutions holding Constellation Energy Corp

Institutions are holding 87.477% of the shares of Constellation Energy Corp.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	11.5743	0.0936	36651945	-435012	-1.173
2023-12-31	Capital Research & Mgmt Co - Division 3	8.7942	0.7297	27848242	-1581017	-5.3723
2023-12-31	BlackRock Inc	7.1257	0.0673	22564592	410825	1.8544
2023-12-31	FMR Inc	6.328	0.1799	20038757	441642	2.2536
2023-12-31	T. Rowe Price Associates, Inc.	6.1181	0.3043	19374133	1856622	10.5987
2023-12-31	State Street Corporation	5.6111	0.101	17768428	356960	2.0501
2023-12-31	Capital World Investors	2.7067	0.1782	8571249	-3316369	-27.8977
2023-12-31	Geode Capital Management, LLC	2.299	0.0888	7280216	90303	1.256
2023-12-31	Orbis Allan Gray Ltd	1.9421	4.5129	6150096	-2727	-0.0443
2023-12-31	Putnam Investments LLC	1.8087	0.884	5727535	-113372	-1.941
2023-12-31	Bank of New York Mellon Corp	1.6354	0.1227	5178916	-856363	-14.1893
2023-12-31	Morgan Stanley - Brokerage Accounts	1.4094	0.046	4463145	179321	4.186
2023-12-31	Capital Research Global Investors	1.2923	0.1177	4092175	830	0.0203
2023-12-31	Northern Trust Corp	1.0721	0.0718	3395128	22574	0.6693
2023-12-31	Goldman Sachs Group Inc	0.8781	0.0292	2780754	1227087	78.9801
2023-12-31	Amvescap Plc.	0.8515	0.075	2696284	463466	20.757
2023-12-31	NORGES BANK	0.8303	0.0537	2629189	992654	60.6558
2023-12-31	Legal & General Group PLC	0.7263	0.069	2299889	385477	20.1355
2023-12-31	Charles Schwab Investment Management Inc	0.6031	0.0567	1909737	72465	3.9442
2023-12-31	Wellington Management Company LLP	0.5947	0.041	1883154	-31003	-1.6197
Total		64.2011	7.8225	203303564	+164363	+0.1%

3.2. Funds holding Constellation Energy Corp

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	American Funds Washington Mutual A	4.3044	0.9473	13630506	-2445515	-15.2122
2023-12-31	Capital Group Wash Mutual Invtrs Comp	4.3044	0.9473	13630506	-2445515	-15.2122
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1663	0.1089	10026665	-22144	-0.2204
2024-02-29	Vanguard Institutional 500 Index Trust	2.5178	0.1256	7972893	80860	1.0246
2024-02-29	Vanguard Mid Cap Index Institutional	2.2538	0.7507	7136914	-18947	-0.2648
2023-12-31	American Funds American Balanced A	1.9445	0.3406	6157567	-221166	-3.4672
2024-02-29	Invesco QQQ Trust	1.901	0.399	6019731	16640	0.2772
2023-12-31	American Funds Fundamental Invs A	1.6188	0.4792	5126208	-1640368	-24.2422
2023-12-31	Capital Group Fundamental Invtrs Comp	1.6188	0.4792	5126208	-1640368	-24.2422
2024-02-29	Utilities Select Sector SPDR® ETF	1.3545	5.8903	4289381	123804	2.9721
2023-12-31	Capital Group American Mutual Comp	1.2688	0.5119	4017760	-1349	-0.0336
2023-12-31	American Funds American Mutual A	1.2688	0.5119	4017760	-1349	-0.0336
2024-01-31	Fidelity 500 Index	1.1975	0.0955	3791946	38807	1.034
2024-02-29	SPDR® S&P 500 ETF Trust	1.183	0.1256	3746228	23436	0.6295
2024-02-29	iShares Core S&P 500 ETF	1.0493	0.1254	3322748	10070	0.304
2023-12-31	Capital Group Growth Fnd of Amer Comp	0.9775	0.1453	3095531	0	0
2023-12-31	American Funds Growth Fund of Amer A	0.9775	0.1453	3095531	0	0
2023-12-31	T. Rowe Price Value	0.86	1.1619	2723224	-124322	-4.3659
2023-12-31	T. Rowe Price US Value Equity Composite	0.86	1.1477	2723224	-124322	-4.3659
2024-02-29	Vanguard Value Index Inv	0.8431	0.2771	2669777	8950	0.3364
Total		35.4698	14.7157	112320308	-8382798	-7.5%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Constellation Energy Corp compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-1.883	0.176	-1171%	-0.247	-87%	-0.697	-63%	-0.129	-93%
Book Value Per Share	-	-	35.269	35.487	-1%	34.604	+2%	41.079	-14%	42.736	-17%
Current Ratio	-	-	1.313	1.502	-13%	1.296	+1%	1.243	+6%	1.364	-4%
Debt To Asset Ratio	-	-	0.778	0.761	+2%	0.755	+3%	0.723	+8%	0.711	+9%
Debt To Equity Ratio	-	-	3.613	3.289	+10%	3.194	+13%	2.922	+24%	2.787	+30%
Dividend Per Share	-	-	0.278	0.282	-2%	0.141	+97%	0.781	-64%	0.843	-67%
Eps	-	-	-0.113	1.813	-106%	-0.121	+8%	0.579	-119%	0.748	-115%
Free Cash Flow Per Share	-	-	-12.091	-5.983	-51%	-3.074	-75%	-2.234	-82%	-0.863	-93%
Free Cash Flow To Equity Per Share	-	-	-9.569	-4.284	-55%	-3.684	-62%	-2.928	-69%	-1.469	-85%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	-258.587	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-487.069	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-6.713	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-20.706	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-34.802	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-86.922	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-80.532	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-179.709	-	-	-	-	-	-	-	-
Market Cap	57938145589.120	+35%	37404800000.000	32034847500.000	+17%	23220172500.000	+61%	11051004000.000	+238%	5525502000.000	+577%
Net Profit Margin	-	-	-0.007	0.069	-111%	-0.007	-6%	0.031	-124%	0.046	-116%
Operating Margin	-	-	0.038	0.124	-69%	0.038	+2%	0.066	-42%	0.077	-50%
Operating Ratio	-	-	0.962	0.920	+5%	0.990	-3%	0.959	+0%	0.936	+3%
Pb Ratio	5.213	+36%	3.314	2.784	+19%	2.047	+62%	0.966	+243%	0.483	+586%
Pe Ratio	-408.578	-57%	-259.756	-57.762	-78%	43.370	-699%	-2.878	-99%	-1.439	-99%
Price Per Share	183.860	+36%	116.890	99.005	+18%	70.728	+65%	33.947	+244%	16.973	+589%
Price To Free Cash Flow Ratio	-3.802	-57%	-2.417	-5.338	+121%	-2.966	+23%	-1.661	-31%	-0.830	-66%
Price To Total Gains Ratio	-114.567	-57%	-72.836	-32.525	-55%	-116.007	+59%	-74.266	+2%	-74.266	+2%
Quick Ratio	-	-	0.523	0.580	-10%	0.058	+796%	0.409	+28%	0.525	0%
Return On Assets	-	-	-0.001	0.009	-108%	-0.001	+23%	0.003	-123%	0.005	-115%
Return On Equity	-	-	-0.003	0.036	-109%	-0.004	+13%	0.012	-128%	0.017	-119%
Total Gains Per Share	-	-	-1.605	0.458	-450%	-0.106	-93%	0.084	-2010%	0.714	-325%
Usd Book Value	-	-	11286000000.000	11496000000.000	-2%	11358750000.000	-1%	13210700000.000	-15%	13599925000.000	-17%
Usd Book Value Change Per Share	-	-	-1.883	0.176	-1171%	-0.247	-87%	-0.697	-63%	-0.129	-93%
Usd Book Value Per Share	-	-	35.269	35.487	-1%	34.604	+2%	41.079	-14%	42.736	-17%
Usd Dividend Per Share	-	-	0.278	0.282	-2%	0.141	+97%	0.781	-64%	0.843	-67%
Usd Eps	-	-	-0.113	1.813	-106%	-0.121	+8%	0.579	-119%	0.748	-115%
Usd Free Cash Flow	-	-	-3869000000.000	-1930750000.000	-50%	-1010500000.000	-74%	-728350000.000	-81%	-284250000.000	-93%
Usd Free Cash Flow Per Share	-	-	-12.091	-5.983	-51%	-3.074	-75%	-2.234	-82%	-0.863	-93%
Usd Free Cash Flow To Equity Per Share	-	-	-9.569	-4.284	-55%	-3.684	-62%	-2.928	-69%	-1.469	-85%
Usd Market Cap	57938145589.120	+35%	37404800000.000	32034847500.000	+17%	23220172500.000	+61%	11051004000.000	+238%	5525502000.000	+577%
Usd Price Per Share	183.860	+36%	116.890	99.005	+18%	70.728	+65%	33.947	+244%	16.973	+589%
Usd Profit	-	-	-36000000.000	406000000.000	-109%	-39750000.000	+10%	148700000.000	-124%	218950000.000	-116%
Usd Revenue	-	-	4864000000.000	5996500000.000	-19%	6110000000.000	-20%	5230150000.000	-7%	4945550000.000	-2%
Usd Total Gains Per Share	-	-	-1.605	0.458	-450%	-0.106	-93%	0.084	-2010%	0.714	-325%
	EOD	+5 -3	MRQ	TTM	+4 -31	YOY	+18 -17	5Y	+8 -27	10Y	+6 -29

4.2. Fundamental Score

Let's check the fundamental score of Constellation Energy Corp based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-408.578
Price to Book Ratio (EOD)	Between	0-1	5.213
Net Profit Margin (MRQ)	Greater than	0	-0.007
Operating Margin (MRQ)	Greater than	0	0.038
Quick Ratio (MRQ)	Greater than	1	0.523
Current Ratio (MRQ)	Greater than	1	1.313
Debt to Asset Ratio (MRQ)	Less than	1	0.778
Debt to Equity Ratio (MRQ)	Less than	1	3.613
Return on Equity (MRQ)	Greater than	0.15	-0.003
Return on Assets (MRQ)	Greater than	0.05	-0.001
Total			3/10 (30.0%)

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4.3. Technical Score

Let's check the technical score of Constellation Energy Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	54.135
Ma 20	Greater than	Ma 50	186.618
Ma 50	Greater than	Ma 100	166.770
Ma 100	Greater than	Ma 200	142.474
Open	Greater than	Close	186.130
Total			5/5 (100.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
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Reversals in quarterly reports

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

		2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Net Income		34,000	62,000	96,000	737,000	833,000	-102,000	731,000	-767,000	-36,000
Net Income from Continuing Operations		28,000	74,000	102,000	722,000	824,000	-134,000	690,000	-729,000	-39,000

Latest Balance Sheet

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

Summary

Total Assets	50,758,000
Total Liabilities	39,472,000
Total Stockholder Equity	10,925,000

	As reported
Total Liabilities	39,472,000
Total Stockholder Equity	+ 10,925,000
Total Assets	= 50,758,000

Assets

Total Assets	50,758,000
Total Current Assets	8,299,000
Long-term Assets	42,459,000

Total Current Assets

Total Current Assets (as reported)	8,299,000
Cash And Cash Equivalents	454,000
Net Receivables	2,851,000
Inventory	1,500,000
Other Current Assets	3,494,000
Total Current Assets (calculated)	8,299,000
+/-	0

Long-term Assets

Long-term Assets (as reported)	42,459,000
Property Plant Equipment	22,116,000
Goodwill	425,000
Long Term Investments	16,961,000
Long-term Assets (calculated)	39,502,000
+/-	2,957,000

Liabilities & Shareholders' Equity

Total Current Liabilities	6,319,000
Long-term Liabilities	33,153,000
Total Stockholder Equity	10,925,000

Total Current Liabilities

Total Current Liabilities (as reported)	6,319,000
Short-term Debt	1,765,000
Short Long Term Debt	1,765,000
Accounts payable	1,302,000
Other Current Liabilities	3,252,000
Total Current Liabilities (calculated)	8,084,000
+/-	1,765,000

Long-term Liabilities

Long-term Liabilities (as reported)	33,153,000
Long term Debt	7,496,000
Long-term Liabilities Other	2,421,000
Long-term Liabilities (calculated)	9,917,000
+/-	23,236,000

Total Stockholder Equity

Total Stockholder Equity (as reported)	10,925,000
Common Stock	12,355,000
Retained Earnings	761,000
Accumulated Other Comprehensive Income	-2,191,000
Total Stockholder Equity (calculated)	10,925,000
+/-	0

Other

Capital Stock	12,355,000
Cash and Short Term Investments	454,000
Common Stock Shares Outstanding	320,000
Liabilities and Stockholders Equity	50,758,000
Net Debt	8,807,000
Net Invested Capital	20,186,000
Net Working Capital	1,980,000
Property Plant and Equipment Gross	39,539,000
Short Long Term Debt Total	9,261,000

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

> Total Assets

41,090,000
40,681,000
39,991,000
39,678,000
40,498,000
41,232,000
41,080,000
44,422,000
45,019,000
44,951,000
45,318,000
45,125,000
46,479,000
46,529,000
47,002,000
46,897,000
47,568,000
46,974,000
48,609,000
48,130,000
47,744,000
48,457,000
48,375,000
47,668,000
48,207,000
47,556,000
48,682,000
48,402,000
47,984,000
48,995,000
47,882,000
47,003,000
47,372,000
48,094,000
47,326,000
45,821,000
48,010,000
48,086,000
46,846,000
45,333,000
46,616,000
46,909,000
46,158,000
46,559,000
48,965,000
50,758,000

50,758,000

48,965,000

46,559,000

46,158,000

46,909,000

46,616,000

45,333,000

46,846,000

48,086,000

48,010,000

45,821,000

47,326,000

48,094,000

47,372,000

47,003,000

47,882,000

48,995,000

47,984,000

48,402,000

48,682,000

47,556,000

48,207,000

47,668,000

48,375,000

48,457,000

47,744,000

48,130,000

48,609,000

46,974,000

47,568,000

46,897,000

47,002,000

46,529,000

46,479,000

45,125,000

45,318,000

44,951,000

45,019,000

44,422,000

41,080,000

41,232,000

40,498,000

39,678,000

39,991,000

40,681,000

41,090,000

> Total Current Assets

7,158,000
6,211,000
5,262,000
5,307,000
5,805,000
6,439,000
6,189,000
5,727,000
7,458,000
7,311,000
6,719,000
6,443,000
7,050,000
6,342,000
6,171,000
5,725,000
6,135,000
6,528,000
6,514,000
6,594,000
6,439,000
6,882,000
6,884,000
6,567,000
8,049,000
8,433,000
7,721,000
7,376,000
7,159,000
7,076,000
7,324,000
5,849,000
5,883,000
6,947,000
6,740,000
6,209,000
8,587,000
7,981,000
8,767,000
8,090,000
9,853,000
9,360,000
8,108,000
7,575,000
9,902,000
8,299,000

8,299,000

9,902,000

7,575,000

8,108,000

9,360,000

9,853,000

8,090,000

8,767,000

7,981,000

8,587,000

6,209,000

6,740,000

6,947,000

5,883,000

5,849,000

7,324,000

7,076,000

7,159,000

7,376,000

7,721,000

8,433,000

8,049,000

6,567,000

6,884,000

6,882,000

6,439,000

6,594,000

6,514,000

6,528,000

6,135,000

5,725,000

6,171,000

6,342,000

7,050,000

6,443,000

6,719,000

7,311,000

7,458,000

5,727,000

6,189,000

6,439,000

5,805,000

5,307,000

5,262,000

6,211,000

7,158,000

Cash And Cash Equivalents

830,000
671,000
225,000
222,000
928,000
1,258,000
566,000
305,000
1,311,000
780,000
532,000
456,000
545,000
431,000
377,000
373,000
375,000
290,000
400,000
265,000
360,000
416,000
610,000
420,000
1,187,000
750,000
537,000
575,000
1,019,000
303,000
821,000
483,000
623,000
226,000
721,000
542,000
1,957,000
504,000
1,605,000
806,000
1,192,000
422,000
237,000
269,000
1,889,000
454,000

454,000

1,889,000

269,000

237,000

422,000

1,192,000

806,000

1,605,000

504,000

1,957,000

542,000

721,000

226,000

623,000

483,000

821,000

303,000

1,019,000

575,000

537,000

750,000

1,187,000

420,000

610,000

416,000

360,000

265,000

400,000

290,000

375,000

373,000

377,000

431,000

545,000

456,000

532,000

780,000

1,311,000

305,000

566,000

1,258,000

928,000

222,000

225,000

671,000

830,000

Short-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
177,000
327,000
0
0
0
8,000
6,000
-14,114,000
5,000
480,000
0
0

480,000

5,000

-14,114,000

6,000

8,000

327,000

177,000

Net Receivables

0
1,623,000
1,602,000
1,587,000
1,596,000
1,797,000
1,643,000
1,800,000
1,761,000
2,408,000
2,435,000
2,148,000
2,140,000
2,178,000
2,117,000
2,260,000
2,488,000
2,589,000
2,419,000
2,385,000
2,466,000
2,837,000
2,631,000
2,581,000
2,727,000
3,114,000
2,963,000
2,687,000
2,753,000
3,083,000
2,582,000
1,202,000
1,165,000
1,841,000
2,051,000
1,602,000
2,009,000
2,421,000
2,270,000
2,119,000
2,398,000
3,316,000
2,689,000
1,952,000
2,264,000
2,851,000

2,851,000

2,264,000

1,952,000

2,689,000

3,316,000

2,398,000

2,119,000

2,270,000

2,421,000

2,009,000

1,602,000

2,051,000

1,841,000

1,165,000

1,202,000

2,582,000

3,083,000

2,753,000

2,687,000

2,963,000

3,114,000

2,727,000

2,581,000

2,631,000

2,837,000

2,466,000

2,385,000

2,419,000

2,589,000

2,488,000

2,260,000

2,117,000

2,178,000

2,140,000

2,148,000

2,435,000

2,408,000

1,761,000

1,800,000

1,643,000

1,797,000

1,596,000

1,587,000

1,602,000

1,623,000

Inventory

756,000
756,000
727,000
781,000
830,000
835,000
832,000
1,200,000
1,291,000
1,312,000
1,073,000
1,165,000
1,220,000
1,264,000
1,135,000
1,106,000
1,141,000
1,227,000
1,179,000
1,173,000
1,215,000
1,201,000
1,067,000
1,167,000
1,203,000
1,214,000
1,111,000
1,185,000
1,253,000
1,262,000
1,224,000
1,295,000
1,209,000
1,211,000
1,148,000
1,190,000
1,238,000
1,288,000
1,211,000
1,383,000
1,464,000
1,505,000
1,344,000
1,387,000
1,422,000
1,500,000

1,500,000

1,422,000

1,387,000

1,344,000

1,505,000

1,464,000

1,383,000

1,211,000

1,288,000

1,238,000

1,190,000

1,148,000

1,211,000

1,209,000

1,295,000

1,224,000

1,262,000

1,253,000

1,185,000

1,111,000

1,214,000

1,203,000

1,167,000

1,067,000

1,201,000

1,215,000

1,173,000

1,179,000

1,227,000

1,141,000

1,106,000

1,135,000

1,264,000

1,220,000

1,165,000

1,073,000

1,312,000

1,291,000

1,200,000

832,000

835,000

830,000

781,000

727,000

756,000

> Long-term Assets

22,671,000
20,136,000
23,075,000
22,819,000
23,326,000
20,321,000
23,100,000
24,817,000
23,915,000
20,454,000
24,141,000
24,522,000
25,739,000
23,061,000
26,936,000
27,457,000
27,274,000
23,137,000
26,807,000
26,152,000
25,675,000
22,520,000
25,577,000
25,327,000
25,018,000
21,825,000
25,876,000
25,601,000
25,164,000
22,917,000
24,733,000
24,513,000
24,261,000
41,147,000
21,821,000
20,319,000
39,423,000
40,105,000
38,079,000
37,243,000
36,763,000
37,549,000
38,050,000
38,984,000
39,063,000
42,459,000

42,459,000

39,063,000

38,984,000

38,050,000

37,549,000

36,763,000

37,243,000

38,079,000

40,105,000

39,423,000

20,319,000

21,821,000

41,147,000

24,261,000

24,513,000

24,733,000

22,917,000

25,164,000

25,601,000

25,876,000

21,825,000

25,018,000

25,327,000

25,577,000

22,520,000

25,675,000

26,152,000

26,807,000

23,137,000

27,274,000

27,457,000

26,936,000

23,061,000

25,739,000

24,522,000

24,141,000

20,454,000

23,915,000

24,817,000

23,100,000

20,321,000

23,326,000

22,819,000

23,075,000

20,136,000

22,671,000

Property Plant Equipment

18,708,000
16,794,000
19,813,000
19,678,000
19,797,000
17,286,000
20,132,000
23,743,000
23,143,000
19,754,000
23,414,000
23,766,000
24,982,000
22,320,000
26,166,000
26,656,000
26,374,000
22,225,000
25,893,000
25,261,000
24,793,000
21,645,000
24,714,000
24,479,000
24,168,000
20,993,000
25,061,000
24,792,000
24,517,000
22,299,000
24,169,000
23,954,000
23,709,000
22,214,000
21,311,000
19,837,000
19,574,000
19,612,000
19,837,000
19,739,000
19,705,000
19,822,000
20,074,000
20,239,000
20,849,000
22,116,000

22,116,000

20,849,000

20,239,000

20,074,000

19,822,000

19,705,000

19,739,000

19,837,000

19,612,000

19,574,000

19,837,000

21,311,000

22,214,000

23,709,000

23,954,000

24,169,000

22,299,000

24,517,000

24,792,000

25,061,000

20,993,000

24,168,000

24,479,000

24,714,000

21,645,000

24,793,000

25,261,000

25,893,000

22,225,000

26,374,000

26,656,000

26,166,000

22,320,000

24,982,000

23,766,000

23,414,000

19,754,000

23,143,000

23,743,000

20,132,000

17,286,000

19,797,000

19,678,000

19,813,000

16,794,000

18,708,000

Goodwill

0
0
0
0
0
0
0
49,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
47,000
0
0
0
0
47,000
0
901,000
0
425,000

425,000

901,000

47,000

49,000

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
14,648,000
0
0
15,569,000
16,112,000
15,272,000
14,001,000
13,453,000
14,316,000
14,606,000
14,821,000
15,300,000
16,961,000

16,961,000

15,300,000

14,821,000

14,606,000

14,316,000

13,453,000

14,001,000

15,272,000

16,112,000

15,569,000

14,648,000

Intangible Assets

1,625,000
1,073,000
968,000
856,000
1,189,000
710,000
657,000
593,000
571,000
549,000
558,000
526,000
513,000
484,000
473,000
460,000
472,000
447,000
432,000
418,000
406,000
395,000
385,000
378,000
370,000
371,000
364,000
361,000
352,000
336,000
328,000
320,000
308,000
0
285,000
278,000
0
0
0
189,000
183,000
178,000
172,000
166,000
0
0

166,000

172,000

178,000

183,000

189,000

278,000

285,000

308,000

320,000

328,000

336,000

352,000

361,000

364,000

371,000

370,000

378,000

385,000

395,000

406,000

418,000

432,000

447,000

472,000

460,000

473,000

484,000

513,000

526,000

558,000

549,000

571,000

593,000

657,000

710,000

1,189,000

856,000

968,000

1,073,000

1,625,000

Other Assets

11,261,000
14,334,000
11,654,000
11,552,000
11,367,000
14,472,000
11,791,000
13,878,000
13,646,000
17,186,000
14,458,000
14,160,000
13,690,000
17,126,000
13,895,000
13,715,000
14,159,000
17,309,000
15,288,000
15,384,000
15,630,000
19,055,000
15,914,000
15,774,000
15,140,000
17,298,000
15,085,000
15,425,000
15,661,000
19,002,000
15,825,000
16,641,000
17,228,000
20,308,000
18,765,000
19,293,000
19,372,000
20,319,000
17,829,000
17,104,000
16,865,000
19,251,000
0
17,932,000
0
0

17,932,000

19,251,000

16,865,000

17,104,000

17,829,000

20,319,000

19,372,000

19,293,000

18,765,000

20,308,000

17,228,000

16,641,000

15,825,000

19,002,000

15,661,000

15,425,000

15,085,000

17,298,000

15,140,000

15,774,000

15,914,000

19,055,000

15,630,000

15,384,000

15,288,000

17,309,000

14,159,000

13,715,000

13,895,000

17,126,000

13,690,000

14,160,000

14,458,000

17,186,000

13,646,000

13,878,000

11,791,000

14,472,000

11,367,000

11,552,000

11,654,000

14,334,000

11,261,000

> Total Liabilities

28,160,000
28,016,000
27,721,000
27,481,000
27,947,000
28,490,000
28,572,000
30,772,000
30,693,000
30,900,000
32,150,000
32,469,000
33,555,000
33,559,000
33,649,000
33,530,000
33,829,000
33,718,000
35,045,000
35,000,000
33,947,000
32,498,000
32,417,000
31,729,000
32,247,000
32,048,000
32,986,000
32,810,000
32,391,000
33,165,000
32,699,000
31,776,000
32,448,000
33,418,000
33,886,000
32,836,000
35,975,000
36,472,000
35,341,000
33,944,000
35,447,000
35,537,000
35,072,000
34,947,000
36,965,000
39,472,000

39,472,000

36,965,000

34,947,000

35,072,000

35,537,000

35,447,000

33,944,000

35,341,000

36,472,000

35,975,000

32,836,000

33,886,000

33,418,000

32,448,000

31,776,000

32,699,000

33,165,000

32,391,000

32,810,000

32,986,000

32,048,000

32,247,000

31,729,000

32,417,000

32,498,000

33,947,000

35,000,000

35,045,000

33,718,000

33,829,000

33,530,000

33,649,000

33,559,000

33,555,000

32,469,000

32,150,000

30,900,000

30,693,000

30,772,000

28,572,000

28,490,000

27,947,000

27,481,000

27,721,000

28,016,000

28,160,000

> Total Current Liabilities

4,255,000
4,097,000
3,864,000
4,102,000
3,896,000
3,867,000
3,815,000
4,215,000
3,835,000
4,459,000
4,275,000
3,864,000
4,786,000
4,933,000
4,775,000
4,187,000
4,307,000
5,683,000
5,237,000
6,064,000
5,059,000
4,191,000
4,156,000
3,522,000
4,767,000
5,769,000
6,660,000
6,842,000
6,344,000
7,289,000
6,325,000
4,838,000
4,411,000
5,219,000
6,298,000
5,513,000
7,796,000
7,996,000
6,434,000
5,878,000
7,887,000
7,839,000
5,947,000
5,225,000
5,263,000
6,319,000

6,319,000

5,263,000

5,225,000

5,947,000

7,839,000

7,887,000

5,878,000

6,434,000

7,996,000

7,796,000

5,513,000

6,298,000

5,219,000

4,411,000

4,838,000

6,325,000

7,289,000

6,344,000

6,842,000

6,660,000

5,769,000

4,767,000

3,522,000

4,156,000

4,191,000

5,059,000

6,064,000

5,237,000

5,683,000

4,307,000

4,187,000

4,775,000

4,933,000

4,786,000

3,864,000

4,275,000

4,459,000

3,835,000

4,215,000

3,815,000

3,867,000

3,896,000

4,102,000

3,864,000

4,097,000

4,255,000

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
1,322,000
0
0
2,596,000
3,302,000
1,271,000
384,000
874,000
1,302,000
866,000
1,045,000
643,000
1,765,000

1,765,000

643,000

1,045,000

866,000

1,302,000

874,000

384,000

1,271,000

3,302,000

2,596,000

1,322,000

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
1,322,000
0
0
2,596,000
3,302,000
1,271,000
384,000
874,000
1,302,000
866,000
1,045,000
643,000
1,765,000

1,765,000

643,000

1,045,000

866,000

1,302,000

874,000

384,000

1,271,000

3,302,000

2,596,000

1,322,000

Accounts payable

1,633,000
1,528,000
1,350,000
1,281,000
1,362,000
1,428,000
1,477,000
1,508,000
1,318,000
1,771,000
1,634,000
1,528,000
1,676,000
1,583,000
1,290,000
1,271,000
1,465,000
1,610,000
1,482,000
1,527,000
1,492,000
1,797,000
1,447,000
1,264,000
1,450,000
1,847,000
1,566,000
1,517,000
1,583,000
1,692,000
1,195,000
1,075,000
1,109,000
1,253,000
1,529,000
1,489,000
1,612,000
1,757,000
1,847,000
2,160,000
2,597,000
2,828,000
1,558,000
1,260,000
31,000
1,302,000

1,302,000

31,000

1,260,000

1,558,000

2,828,000

2,597,000

2,160,000

1,847,000

1,757,000

1,612,000

1,489,000

1,529,000

1,253,000

1,109,000

1,075,000

1,195,000

1,692,000

1,583,000

1,517,000

1,566,000

1,847,000

1,450,000

1,264,000

1,447,000

1,797,000

1,492,000

1,527,000

1,482,000

1,610,000

1,465,000

1,271,000

1,290,000

1,583,000

1,676,000

1,528,000

1,634,000

1,771,000

1,318,000

1,508,000

1,477,000

1,428,000

1,362,000

1,281,000

1,350,000

1,528,000

1,633,000

Other Current Liabilities

2,622,000
2,569,000
2,514,000
2,821,000
2,534,000
2,439,000
2,338,000
2,707,000
2,517,000
2,688,000
2,641,000
2,336,000
3,110,000
3,350,000
3,485,000
2,916,000
2,842,000
4,073,000
3,755,000
4,537,000
3,567,000
2,394,000
2,709,000
2,258,000
3,317,000
3,922,000
5,094,000
5,325,000
4,761,000
5,597,000
5,130,000
3,763,000
3,302,000
2,637,000
4,769,000
4,024,000
3,586,000
2,069,000
3,316,000
479,000
1,769,000
3,709,000
3,523,000
2,176,000
2,368,000
3,252,000

3,252,000

2,368,000

2,176,000

3,523,000

3,709,000

1,769,000

479,000

3,316,000

2,069,000

3,586,000

4,024,000

4,769,000

2,637,000

3,302,000

3,763,000

5,130,000

5,597,000

4,761,000

5,325,000

5,094,000

3,922,000

3,317,000

2,258,000

2,709,000

2,394,000

3,567,000

4,537,000

3,755,000

4,073,000

2,842,000

2,916,000

3,485,000

3,350,000

3,110,000

2,336,000

2,641,000

2,688,000

2,517,000

2,707,000

2,338,000

2,439,000

2,534,000

2,821,000

2,514,000

2,569,000

2,622,000

> Long-term Liabilities

7,356,000
7,455,000
7,093,000
6,705,000
7,161,000
7,168,000
7,443,000
6,892,000
7,687,000
7,582,000
8,417,000
8,912,000
8,899,000
8,869,000
8,875,000
8,892,000
9,001,000
8,124,000
8,823,000
7,926,000
7,869,000
8,644,000
8,592,000
8,565,000
8,506,000
7,887,000
6,382,000
5,971,000
5,907,000
4,792,000
6,270,000
6,094,000
6,002,000
28,199,000
5,361,000
4,949,000
28,179,000
28,476,000
28,907,000
28,066,000
27,560,000
27,698,000
29,125,000
29,722,000
31,702,000
33,153,000

33,153,000

31,702,000

29,722,000

29,125,000

27,698,000

27,560,000

28,066,000

28,907,000

28,476,000

28,179,000

4,949,000

5,361,000

28,199,000

6,002,000

6,094,000

6,270,000

4,792,000

5,907,000

5,971,000

6,382,000

7,887,000

8,506,000

8,565,000

8,592,000

8,644,000

7,869,000

7,926,000

8,823,000

8,124,000

9,001,000

8,892,000

8,875,000

8,869,000

8,899,000

8,912,000

8,417,000

7,582,000

7,687,000

6,892,000

7,443,000

7,168,000

7,161,000

6,705,000

7,093,000

7,455,000

7,356,000

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
4,548,000
4,507,000
4,480,000
4,466,000
5,763,000
6,156,000
0
0

6,156,000

5,763,000

4,466,000

4,480,000

4,507,000

4,548,000

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
0
0
21,534,000
22,227,000
22,374,000
23,265,000
23,582,000
24,359,000
23,559,000
23,080,000
22,589,000
0
23,566,000
0
0

23,566,000

22,589,000

23,080,000

23,559,000

24,359,000

23,582,000

23,265,000

22,374,000

22,227,000

21,534,000

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,247,000
2,855,000
2,647,000
0
2,982,000
3,203,000
0
0

3,203,000

2,982,000

2,647,000

2,855,000

3,247,000

> Total Stockholder Equity

12,087,000
12,557,000
12,224,000
12,153,000
12,534,000
12,725,000
12,489,000
12,465,000
13,063,000
12,718,000
11,788,000
11,286,000
11,599,000
11,635,000
12,059,000
11,995,000
12,281,000
11,482,000
11,803,000
11,387,000
11,581,000
13,669,000
13,626,000
13,616,000
13,594,000
13,204,000
13,351,000
13,235,000
13,267,000
13,484,000
13,054,000
13,064,000
12,711,000
12,399,000
11,149,000
10,632,000
11,634,000
11,219,000
11,105,000
11,000,000
10,803,000
11,018,000
10,728,000
11,256,000
11,666,000
10,925,000

10,925,000

11,666,000

11,256,000

10,728,000

11,018,000

10,803,000

11,000,000

11,105,000

11,219,000

11,634,000

10,632,000

11,149,000

12,399,000

12,711,000

13,064,000

13,054,000

13,484,000

13,267,000

13,235,000

13,351,000

13,204,000

13,594,000

13,616,000

13,626,000

13,669,000

11,581,000

11,387,000

11,803,000

11,482,000

12,281,000

11,995,000

12,059,000

11,635,000

11,599,000

11,286,000

11,788,000

12,718,000

13,063,000

12,465,000

12,489,000

12,725,000

12,534,000

12,153,000

12,224,000

12,557,000

12,087,000

Common Stock

8,814,000
8,876,000
8,876,000
8,873,000
8,872,000
8,898,000
8,898,000
8,895,000
8,953,000
8,951,000
8,951,000
8,951,000
9,006,000
8,997,000
9,167,000
9,168,000
9,265,000
9,261,000
9,310,000
9,308,000
9,357,000
9,357,000
9,357,000
9,357,000
9,411,000
9,518,000
9,525,000
9,525,000
9,525,000
9,566,000
9,568,000
9,569,000
9,633,000
9,624,000
9,624,000
9,624,000
10,480,000
10,482,000
13,212,000
13,241,000
13,255,000
13,274,000
13,029,000
12,808,000
12,576,000
12,355,000

12,355,000

12,576,000

12,808,000

13,029,000

13,274,000

13,255,000

13,241,000

13,212,000

10,482,000

10,480,000

9,624,000

9,633,000

9,569,000

9,568,000

9,566,000

9,525,000

9,518,000

9,411,000

9,357,000

9,308,000

9,310,000

9,261,000

9,265,000

9,168,000

9,167,000

8,997,000

9,006,000

8,951,000

8,953,000

8,895,000

8,898,000

8,872,000

8,873,000

8,876,000

8,814,000

Retained Earnings

3,273,000
3,168,000
2,939,000
3,005,000
3,419,000
3,613,000
3,398,000
3,533,000
4,099,000
3,803,000
2,890,000
2,382,000
2,653,000
2,701,000
2,956,000
2,892,000
3,072,000
2,275,000
2,534,000
2,119,000
2,260,000
4,349,000
4,303,000
4,292,000
4,214,000
3,724,000
3,862,000
3,746,000
3,778,000
3,950,000
3,527,000
3,534,000
3,114,000
2,805,000
1,554,000
1,035,000
1,185,000
768,000
-91,000
-249,000
-483,000
-496,000
-493,000
248,000
887,000
761,000

761,000

887,000

248,000

-493,000

-496,000

-483,000

-249,000

-91,000

768,000

1,185,000

1,035,000

1,554,000

2,805,000

3,114,000

3,534,000

3,527,000

3,950,000

3,778,000

3,746,000

3,862,000

3,724,000

4,214,000

4,292,000

4,303,000

4,349,000

2,260,000

2,119,000

2,534,000

2,275,000

3,072,000

2,892,000

2,956,000

2,701,000

2,653,000

2,382,000

2,890,000

3,803,000

4,099,000

3,533,000

3,398,000

3,613,000

3,419,000

3,005,000

2,939,000

3,168,000

3,273,000

Accumulated Other Comprehensive Income

-2,191,000

-1,797,000

-1,800,000

-1,808,000

-1,760,000

-1,969,000

-1,992,000

-2,016,000

-31,000

-30,000

Capital Surplus

Treasury Stock

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
Accounts Payable	1,302,000	2,828,000	1,757,000	1,253,000	1,692,000	1,847,000	1,797,000	1,610,000	1,583,000	1,771,000	1,428,000	1,528,000
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-2,191,000	-1,760,000	-31,000	-30,000	-32,000	0	0	0	0	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	12,355,000	13,274,000	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	0	0	0	0	0	0	0	0	0	0
Cash	454,000	422,000	504,000	226,000	303,000	750,000	416,000	290,000	431,000	780,000	1,258,000	671,000
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	454,000	422,000	504,000	226,000	303,000	750,000	416,000	290,000	431,000	780,000	1,258,000	671,000
Common Stock	12,355,000	13,274,000	10,482,000	9,624,000	9,566,000	9,518,000	9,357,000	9,261,000	8,997,000	8,951,000	8,898,000	8,876,000
Common Stock Shares Outstanding	324,000	328,000	326,664	326,664	326,664	326,300	0	0	0	0	0	0
Common Stock Total Equity	0	13,274,000	0	0	0	0	0	0	0	0	0	0
Current Deferred Revenue	0	0	868,000	7,000	17,000	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	425,000	47,000	2,430,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	0	0
Intangible Assets	0	178,000	202,000	47,000	47,000	371,000	395,000	447,000	484,000	549,000	710,000	1,073,000
Inventory	1,500,000	1,505,000	1,288,000	1,211,000	1,262,000	1,214,000	1,201,000	1,227,000	1,264,000	1,312,000	835,000	756,000
Liabilities And Stockholders Equity	50,758,000	46,909,000	48,086,000	48,094,000	48,995,000	0	0	0	0	0	0	0
Long Term Debt	7,496,000	4,466,000	4,894,000	5,890,000	4,792,000	0	0	0	0	0	0	0
Long Term Debt Total	0	4,466,000	0	0	0	0	0	0	0	0	0	0
Long Term Investments	16,961,000	14,316,000	16,112,000	14,648,000	13,425,000	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	8,807,000	5,346,000	7,692,000	6,986,000	7,991,000	-750,000	-416,000	-290,000	-431,000	-780,000	-1,258,000	-671,000
Net Invested Capital	20,186,000	16,786,000	19,415,000	19,611,000	21,778,000	0	0	0	0	0	0	0
Net Receivables	2,851,000	3,316,000	2,421,000	1,841,000	3,749,000	3,114,000	2,837,000	2,589,000	2,178,000	2,408,000	1,797,000	1,623,000
Net Tangible Assets	0	11,018,000	11,219,000	12,059,000	13,101,000	12,786,000	13,227,000	0	0	0	0	0
Net Working Capital	1,980,000	1,521,000	-15,000	1,728,000	-213,000	2,664,000	2,691,000	845,000	1,409,000	2,852,000	2,572,000	2,114,000
Non Current Assets Total	42,459,000	37,549,000	40,105,000	41,147,000	41,919,000	21,825,000	22,520,000	23,137,000	23,061,000	20,454,000	20,321,000	20,136,000
Non Current Liabilities Other	2,421,000	23,232,000	2,343,000	2,516,000	2,614,000	0	0	0	0	0	0	0
Non Current Liabilities Total	33,153,000	27,698,000	28,476,000	28,199,000	25,876,000	7,887,000	8,644,000	8,124,000	8,869,000	7,582,000	7,168,000	7,455,000
Non Currrent Assets Other	18,308,000	3,189,000	1,717,000	4,232,000	4,242,000	-21,825,000	-22,520,000	-23,137,000	-23,061,000	-20,454,000	-20,321,000	-20,136,000
Noncontrolling Interest In Consolidated Entity	0	354,000	0	0	0	0	0	0	0	0	0	0
Other Assets	0	19,251,000	20,319,000	20,308,000	19,002,000	17,298,000	19,055,000	17,309,000	17,126,000	17,186,000	14,472,000	14,334,000
Other Current Assets	3,494,000	1,643,000	1,514,000	1,978,000	941,000	3,355,000	2,428,000	2,422,000	2,469,000	2,811,000	2,549,000	3,161,000
Other Current Liab	3,252,000	3,709,000	2,069,000	2,637,000	2,078,000	3,922,000	2,394,000	4,073,000	3,350,000	2,688,000	2,439,000	2,569,000
Other Liab	0	22,589,000	23,582,000	21,534,000	20,159,000	18,392,000	19,663,000	0	0	0	0	0
Other Stockholder Equity	2,542,000	1,800,000	10,482,000	9,624,000	9,566,000	-38,000	-37,000	-54,000	-63,000	-36,000	214,000	513,000
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	39,539,000	36,548,000	35,485,000	35,584,000	36,210,000	0	0	0	0	0	0	0
Property Plant And Equipment Net	22,116,000	19,822,000	19,612,000	22,214,000	24,193,000	20,993,000	21,645,000	22,225,000	22,320,000	19,754,000	17,286,000	16,794,000
Property Plant Equipment	0	19,822,000	19,612,000	20,315,000	22,299,000	20,993,000	21,645,000	0	0	0	0	0
Retained Earnings	761,000	-496,000	768,000	2,805,000	3,950,000	3,724,000	4,349,000	2,275,000	2,701,000	3,803,000	3,613,000	3,168,000
Retained Earnings Total Equity	0	-496,000	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	1,765,000	1,302,000	3,302,000	1,322,000	3,502,000	0	0	0	0	0	0	0
Short Long Term Debt Total	9,261,000	5,768,000	8,196,000	7,212,000	8,294,000	0	0	0	0	0	0	0
Short Term Debt	1,765,000	1,302,000	3,302,000	1,322,000	3,502,000	0	0	0	0	0	0	0
Short Term Investments	0	-14,114,000	43,000	195,000	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	50,758,000	46,909,000	48,086,000	48,094,000	48,995,000	47,556,000	48,457,000	46,974,000	46,529,000	44,951,000	41,232,000	40,681,000
Total Current Assets	8,299,000	9,360,000	7,981,000	6,947,000	7,076,000	8,433,000	6,882,000	6,528,000	6,342,000	7,311,000	6,439,000	6,211,000
Total Current Liabilities	6,319,000	7,839,000	7,996,000	5,219,000	7,289,000	5,769,000	4,191,000	5,683,000	4,933,000	4,459,000	3,867,000	4,097,000
Total Liab	39,472,000	35,537,000	36,472,000	33,418,000	33,165,000	32,048,000	32,498,000	33,718,000	33,559,000	30,900,000	28,490,000	28,016,000
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	10,925,000	11,018,000	11,219,000	12,399,000	13,484,000	13,204,000	13,669,000	11,482,000	11,635,000	12,718,000	12,725,000	12,557,000
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30
Accounts Payable	1,302,000	31,000	1,260,000	1,558,000	2,828,000	2,597,000	2,160,000	1,847,000	1,757,000	1,612,000	1,489,000	1,529,000	1,253,000	1,109,000	1,075,000	1,195,000	1,692,000	1,583,000	1,517,000	1,566,000	1,847,000	1,450,000	1,264,000	1,447,000	1,797,000	1,492,000	1,527,000	1,482,000	1,610,000	1,465,000	1,271,000	1,290,000	1,583,000	1,676,000	1,528,000	1,634,000	1,771,000	1,318,000	1,508,000	1,477,000	1,428,000	1,362,000	1,281,000	1,350,000	1,528,000	1,633,000
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-2,191,000	-1,797,000	-1,800,000	-1,808,000	-1,760,000	-1,969,000	-1,992,000	-2,016,000	-31,000	-31,000	0	0	-30,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	12,355,000	12,576,000	12,808,000	13,029,000	13,274,000	13,255,000	13,241,000	13,212,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	454,000	1,889,000	269,000	237,000	422,000	1,192,000	806,000	1,605,000	504,000	1,957,000	542,000	721,000	226,000	623,000	483,000	821,000	303,000	1,019,000	575,000	537,000	750,000	1,187,000	420,000	610,000	416,000	360,000	265,000	400,000	290,000	375,000	373,000	377,000	431,000	545,000	456,000	532,000	780,000	1,311,000	305,000	566,000	1,258,000	928,000	222,000	225,000	671,000	830,000
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	454,000	1,889,000	269,000	237,000	422,000	1,192,000	806,000	1,605,000	504,000	1,957,000	869,000	898,000	226,000	623,000	483,000	821,000	303,000	1,019,000	575,000	537,000	750,000	1,187,000	420,000	610,000	416,000	360,000	265,000	400,000	290,000	375,000	373,000	377,000	431,000	545,000	456,000	532,000	780,000	1,311,000	305,000	566,000	1,258,000	928,000	222,000	225,000	671,000	830,000
Common Stock	12,355,000	12,576,000	12,808,000	13,029,000	13,274,000	13,255,000	13,241,000	13,212,000	10,482,000	10,480,000	9,624,000	9,624,000	9,624,000	9,633,000	9,569,000	9,568,000	9,566,000	9,525,000	9,525,000	9,525,000	9,518,000	9,411,000	9,357,000	9,357,000	9,357,000	9,357,000	9,308,000	9,310,000	9,261,000	9,265,000	9,168,000	9,167,000	8,997,000	9,006,000	8,951,000	8,951,000	8,951,000	8,953,000	8,895,000	8,898,000	8,898,000	8,872,000	8,873,000	8,876,000	8,876,000	8,814,000
Common Stock Shares Outstanding	320,000	323,000	325,000	328,000	329,000	328,000	328,000	328,000	326,664	326,300	326,300	326,300	326,664	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Total Equity	0	0	12,808,000	13,029,000	13,274,000	13,255,000	13,241,000	13,212,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Current Deferred Revenue	0	2,221,000	744,000	0	0	2,647,000	2,855,000	0	868,000	2,000	0	0	7,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	3,203,000	2,982,000	0	2,647,000	2,855,000	3,247,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning 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
Good Will	425,000	0	901,000	0	47,000	0	0	0	0	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	49,000	0	0	0	0	0	0	0
Intangible Assets	0	0	166,000	172,000	178,000	183,000	189,000	0	0	0	278,000	285,000	0	308,000	320,000	328,000	336,000	352,000	361,000	364,000	371,000	370,000	378,000	385,000	395,000	406,000	418,000	432,000	447,000	472,000	460,000	473,000	484,000	513,000	526,000	558,000	549,000	571,000	593,000	657,000	710,000	1,189,000	856,000	968,000	1,073,000	1,625,000
Inventory	1,500,000	1,422,000	1,387,000	1,344,000	1,505,000	1,464,000	1,383,000	1,211,000	1,288,000	1,238,000	1,190,000	1,148,000	1,211,000	1,209,000	1,295,000	1,224,000	1,262,000	1,253,000	1,185,000	1,111,000	1,214,000	1,203,000	1,167,000	1,067,000	1,201,000	1,215,000	1,173,000	1,179,000	1,227,000	1,141,000	1,106,000	1,135,000	1,264,000	1,220,000	1,165,000	1,073,000	1,312,000	1,291,000	1,200,000	832,000	835,000	830,000	781,000	727,000	756,000	756,000
Liabilities And Stockholders Equity	50,758,000	48,965,000	46,559,000	46,158,000	46,909,000	46,616,000	45,333,000	46,846,000	48,086,000	48,010,000	0	0	48,094,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt	7,496,000	7,512,000	6,156,000	5,763,000	4,466,000	4,480,000	4,507,000	4,548,000	4,894,000	4,914,000	0	0	5,890,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	0	6,156,000	5,763,000	4,466,000	4,480,000	4,507,000	4,548,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	16,961,000	15,300,000	14,821,000	14,606,000	14,316,000	13,453,000	14,001,000	15,272,000	16,112,000	15,569,000	0	0	14,648,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	8,807,000	6,266,000	6,932,000	6,392,000	5,346,000	4,162,000	4,085,000	4,214,000	7,692,000	5,553,000	-542,000	-721,000	6,986,000	-623,000	-483,000	-821,000	-303,000	-1,019,000	-575,000	-537,000	-750,000	-1,187,000	-420,000	-610,000	-416,000	-360,000	-265,000	-400,000	-290,000	-375,000	-373,000	-377,000	-431,000	-545,000	-456,000	-532,000	-780,000	-1,311,000	-305,000	-566,000	-1,258,000	-928,000	-222,000	-225,000	-671,000	-830,000
Net Invested Capital	20,186,000	19,821,000	18,457,000	17,357,000	16,786,000	16,157,000	15,891,000	16,924,000	19,415,000	19,144,000	0	0	19,611,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	2,851,000	2,264,000	1,952,000	2,689,000	3,316,000	2,398,000	2,119,000	2,270,000	2,421,000	2,009,000	1,602,000	2,051,000	1,841,000	1,165,000	1,202,000	2,582,000	3,083,000	2,753,000	2,687,000	2,963,000	3,114,000	2,727,000	2,581,000	2,631,000	2,837,000	2,466,000	2,385,000	2,419,000	2,589,000	2,488,000	2,260,000	2,117,000	2,178,000	2,140,000	2,148,000	2,435,000	2,408,000	1,761,000	1,800,000	1,643,000	1,797,000	1,596,000	1,587,000	1,602,000	1,623,000	0
Net Tangible Assets	0	0	11,256,000	10,728,000	11,018,000	10,803,000	11,000,000	11,105,000	11,219,000	11,322,000	10,307,000	10,817,000	12,059,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	1,980,000	4,639,000	2,350,000	2,161,000	1,521,000	1,966,000	2,212,000	2,333,000	-15,000	791,000	696,000	442,000	1,728,000	1,472,000	1,011,000	999,000	-213,000	815,000	534,000	1,061,000	2,664,000	3,282,000	3,045,000	2,728,000	2,691,000	1,380,000	530,000	1,277,000	845,000	1,828,000	1,538,000	1,396,000	1,409,000	2,264,000	2,579,000	2,444,000	2,852,000	3,623,000	1,512,000	2,374,000	2,572,000	1,909,000	1,205,000	1,398,000	2,114,000	2,903,000
Non Current Assets Total	42,459,000	39,063,000	38,984,000	38,050,000	37,549,000	36,763,000	37,243,000	38,079,000	40,105,000	39,423,000	20,319,000	21,821,000	41,147,000	24,261,000	24,513,000	24,733,000	22,917,000	25,164,000	25,601,000	25,876,000	21,825,000	25,018,000	25,327,000	25,577,000	22,520,000	25,675,000	26,152,000	26,807,000	23,137,000	27,274,000	27,457,000	26,936,000	23,061,000	25,739,000	24,522,000	24,141,000	20,454,000	23,915,000	24,817,000	23,100,000	20,321,000	23,326,000	22,819,000	23,075,000	20,136,000	22,671,000
Non Current Liabilities Other	2,421,000	2,474,000	638,000	645,000	23,232,000	636,000	682,000	722,000	2,343,000	2,433,000	0	0	2,516,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	33,153,000	31,702,000	29,722,000	29,125,000	27,698,000	27,560,000	28,066,000	28,907,000	28,476,000	28,179,000	4,949,000	5,361,000	28,199,000	6,002,000	6,094,000	6,270,000	4,792,000	5,907,000	5,971,000	6,382,000	7,887,000	8,506,000	8,565,000	8,592,000	8,644,000	7,869,000	7,926,000	8,823,000	8,124,000	9,001,000	8,892,000	8,875,000	8,869,000	8,899,000	8,912,000	8,417,000	7,582,000	7,687,000	6,892,000	7,443,000	7,168,000	7,161,000	6,705,000	7,093,000	7,455,000	7,356,000
Non Currrent Assets Other	18,308,000	1,901,000	2,167,000	2,930,000	3,189,000	3,206,000	3,069,000	2,717,000	1,717,000	4,220,000	-20,319,000	-21,821,000	4,232,000	-24,261,000	-24,513,000	-24,733,000	-22,917,000	-25,164,000	-25,601,000	-25,876,000	-21,825,000	-25,018,000	-25,327,000	-25,577,000	-22,520,000	-25,675,000	-26,152,000	-26,807,000	-23,137,000	-27,274,000	-27,457,000	-26,936,000	-23,061,000	-25,739,000	-24,522,000	-24,141,000	-20,454,000	-23,915,000	-24,817,000	-23,100,000	-20,321,000	-23,326,000	-22,819,000	-23,075,000	-20,136,000	-22,671,000
Noncontrolling Interest In Consolidated Entity	0	0	356,000	358,000	354,000	366,000	389,000	400,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	0	17,932,000	0	19,251,000	16,865,000	17,104,000	17,829,000	20,319,000	19,372,000	19,293,000	18,765,000	20,308,000	17,228,000	16,641,000	15,825,000	19,002,000	15,661,000	15,425,000	15,085,000	17,298,000	15,140,000	15,774,000	15,914,000	19,055,000	15,630,000	15,384,000	15,288,000	17,309,000	14,159,000	13,715,000	13,895,000	17,126,000	13,690,000	14,160,000	14,458,000	17,186,000	13,646,000	13,878,000	11,791,000	14,472,000	11,367,000	11,552,000	11,654,000	14,334,000	11,261,000
Other Current Assets	3,494,000	2,772,000	2,178,000	1,787,000	1,643,000	2,131,000	1,672,000	1,815,000	1,514,000	1,805,000	2,548,000	2,643,000	1,978,000	2,886,000	2,869,000	2,697,000	2,428,000	2,134,000	2,929,000	3,110,000	3,355,000	2,932,000	2,399,000	2,576,000	2,428,000	2,398,000	2,771,000	2,516,000	2,422,000	2,131,000	1,986,000	2,542,000	2,469,000	3,145,000	2,674,000	2,679,000	2,811,000	3,095,000	2,422,000	3,148,000	2,549,000	2,451,000	2,717,000	2,708,000	3,161,000	0
Other Current Liab	3,252,000	2,368,000	2,176,000	3,523,000	3,709,000	1,769,000	479,000	3,316,000	2,069,000	3,586,000	4,024,000	4,769,000	2,637,000	3,302,000	3,763,000	5,130,000	5,597,000	4,761,000	5,325,000	5,094,000	3,922,000	3,317,000	2,258,000	2,709,000	2,394,000	3,567,000	4,537,000	3,755,000	4,073,000	2,842,000	2,916,000	3,485,000	3,350,000	3,110,000	2,336,000	2,641,000	2,688,000	2,517,000	2,707,000	2,338,000	2,439,000	2,534,000	2,821,000	2,514,000	2,569,000	2,622,000
Other Liab	0	0	23,566,000	0	22,589,000	23,080,000	23,559,000	24,359,000	23,582,000	23,265,000	22,374,000	22,227,000	21,534,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	0	2,999,000	2,556,000	1,667,000	1,800,000	2,289,000	1,955,000	1,761,000	10,482,000	10,480,000	-27,000	-29,000	9,624,000	-36,000	-39,000	-41,000	-32,000	-36,000	-36,000	-36,000	-38,000	-31,000	-33,000	-34,000	-37,000	-36,000	-40,000	-41,000	-54,000	-56,000	-65,000	-64,000	-63,000	-60,000	-47,000	-53,000	-36,000	11,000	37,000	193,000	214,000	243,000	275,000	409,000	513,000	-12,087,000
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total 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
Property Plant And Equipment Gross	39,539,000	38,114,000	37,162,000	36,935,000	36,548,000	36,279,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Net	22,116,000	20,849,000	20,239,000	20,074,000	19,822,000	19,705,000	19,739,000	19,837,000	19,612,000	19,574,000	19,837,000	21,311,000	22,214,000	23,709,000	23,954,000	24,169,000	22,299,000	24,517,000	24,792,000	25,061,000	20,993,000	24,168,000	24,479,000	24,714,000	21,645,000	24,793,000	25,261,000	25,893,000	22,225,000	26,374,000	26,656,000	26,166,000	22,320,000	24,982,000	23,766,000	23,414,000	19,754,000	23,143,000	23,743,000	20,132,000	17,286,000	19,797,000	19,678,000	19,813,000	16,794,000	18,708,000
Property Plant Equipment	0	0	20,239,000	20,074,000	19,822,000	19,705,000	19,739,000	19,837,000	19,612,000	19,574,000	19,837,000	21,311,000	20,315,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	761,000	887,000	248,000	-493,000	-496,000	-483,000	-249,000	-91,000	768,000	1,185,000	1,035,000	1,554,000	2,805,000	3,114,000	3,534,000	3,527,000	3,950,000	3,778,000	3,746,000	3,862,000	3,724,000	4,214,000	4,292,000	4,303,000	4,349,000	2,260,000	2,119,000	2,534,000	2,275,000	3,072,000	2,892,000	2,956,000	2,701,000	2,653,000	2,382,000	2,890,000	3,803,000	4,099,000	3,533,000	3,398,000	3,613,000	3,419,000	3,005,000	2,939,000	3,168,000	3,273,000
Retained Earnings Total Equity	0	0	248,000	-493,000	-496,000	-483,000	-249,000	-91,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	1,765,000	643,000	1,045,000	866,000	1,302,000	874,000	384,000	1,271,000	3,302,000	2,596,000	0	0	1,322,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	9,261,000	8,155,000	7,201,000	6,629,000	5,768,000	5,354,000	4,891,000	5,819,000	8,196,000	7,510,000	0	0	7,212,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Term Debt	1,765,000	643,000	1,045,000	866,000	1,302,000	874,000	384,000	1,271,000	3,302,000	2,596,000	0	0	1,322,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Term Investments	0	0	480,000	5,000	-14,114,000	6,000	8,000	0	0	0	327,000	177,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	50,758,000	48,965,000	46,559,000	46,158,000	46,909,000	46,616,000	45,333,000	46,846,000	48,086,000	48,010,000	45,821,000	47,326,000	48,094,000	47,372,000	47,003,000	47,882,000	48,995,000	47,984,000	48,402,000	48,682,000	47,556,000	48,207,000	47,668,000	48,375,000	48,457,000	47,744,000	48,130,000	48,609,000	46,974,000	47,568,000	46,897,000	47,002,000	46,529,000	46,479,000	45,125,000	45,318,000	44,951,000	45,019,000	44,422,000	41,080,000	41,232,000	40,498,000	39,678,000	39,991,000	40,681,000	41,090,000
Total Current Assets	8,299,000	9,902,000	7,575,000	8,108,000	9,360,000	9,853,000	8,090,000	8,767,000	7,981,000	8,587,000	6,209,000	6,740,000	6,947,000	5,883,000	5,849,000	7,324,000	7,076,000	7,159,000	7,376,000	7,721,000	8,433,000	8,049,000	6,567,000	6,884,000	6,882,000	6,439,000	6,594,000	6,514,000	6,528,000	6,135,000	5,725,000	6,171,000	6,342,000	7,050,000	6,443,000	6,719,000	7,311,000	7,458,000	5,727,000	6,189,000	6,439,000	5,805,000	5,307,000	5,262,000	6,211,000	7,158,000
Total Current Liabilities	6,319,000	5,263,000	5,225,000	5,947,000	7,839,000	7,887,000	5,878,000	6,434,000	7,996,000	7,796,000	5,513,000	6,298,000	5,219,000	4,411,000	4,838,000	6,325,000	7,289,000	6,344,000	6,842,000	6,660,000	5,769,000	4,767,000	3,522,000	4,156,000	4,191,000	5,059,000	6,064,000	5,237,000	5,683,000	4,307,000	4,187,000	4,775,000	4,933,000	4,786,000	3,864,000	4,275,000	4,459,000	3,835,000	4,215,000	3,815,000	3,867,000	3,896,000	4,102,000	3,864,000	4,097,000	4,255,000
Total Liab	39,472,000	36,965,000	34,947,000	35,072,000	35,537,000	35,447,000	33,944,000	35,341,000	36,472,000	35,975,000	32,836,000	33,886,000	33,418,000	32,448,000	31,776,000	32,699,000	33,165,000	32,391,000	32,810,000	32,986,000	32,048,000	32,247,000	31,729,000	32,417,000	32,498,000	33,947,000	35,000,000	35,045,000	33,718,000	33,829,000	33,530,000	33,649,000	33,559,000	33,555,000	32,469,000	32,150,000	30,900,000	30,693,000	30,772,000	28,572,000	28,490,000	27,947,000	27,481,000	27,721,000	28,016,000	28,160,000
Total Permanent 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
Total Stockholder Equity	10,925,000	11,666,000	11,256,000	10,728,000	11,018,000	10,803,000	11,000,000	11,105,000	11,219,000	11,634,000	10,632,000	11,149,000	12,399,000	12,711,000	13,064,000	13,054,000	13,484,000	13,267,000	13,235,000	13,351,000	13,204,000	13,594,000	13,616,000	13,626,000	13,669,000	11,581,000	11,387,000	11,803,000	11,482,000	12,281,000	11,995,000	12,059,000	11,635,000	11,599,000	11,286,000	11,788,000	12,718,000	13,063,000	12,465,000	12,489,000	12,725,000	12,534,000	12,153,000	12,224,000	12,557,000	12,087,000
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
Begin Period Cash Flow	528,000	576,000	327,000	449,000	903,000	554,000	448,000	431,000	780,000	1,258,000	671,000	0
Capital Expenditures	2,422,000	1,689,000	1,329,000	1,747,000	1,845,000	2,242,000	2,259,000	3,078,000	3,841,000	3,012,000	2,752,000	3,575,000
Cash And Cash Equivalents Changes	0	-48,000	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-5,195,000	0	0	0	0	0	0	0	0	0	0
Change In Cash	-74,000	-48,000	249,000	-122,000	-454,000	349,000	106,000	17,000	-349,000	-478,000	587,000	671,000
Change In Working Capital	-9,874,000	-5,246,000	-3,608,000	-3,447,000	-698,000	-338,000	-349,000	-156,000	210,000	-574,000	21,000	279,000
Change Receivables	0	-868,000	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	396,000	-868,000	-616,000	1,125,000	-186,000	-359,000	-320,000	-152,000	194,000	-215,000	109,000	248,000
Change To Inventory	60,000	-228,000	-68,000	-77,000	-47,000	-12,000	-29,000	-4,000	16,000	-359,000	-88,000	31,000
Change To Liabilities	0	1,087,000	346,000	-343,000	-248,000	376,000	4,000	0	0	0	0	0
Change To Netincome	0	591,000	496,000	521,000	122,000	1,128,000	-1,948,000	0	0	0	0	0
Change To Operating Activities	0	-6,219,000	-4,253,000	-4,253,000	-1,204,000	-268,000	-408,000	0	0	0	0	0
Depreciation	2,514,000	2,427,000	4,540,000	3,636,000	3,063,000	3,415,000	2,794,000	2,747,000	2,589,000	2,519,000	2,559,000	2,966,000
Dividends Paid	-366,000	185,000	1,832,000	1,734,000	899,000	1,001,000	659,000	922,000	2,474,000	645,000	625,000	1,626,000
End Period Cash Flow	454,000	528,000	576,000	327,000	449,000	903,000	554,000	448,000	431,000	780,000	1,258,000	671,000
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-7,723,000	-4,042,000	-2,667,000	-1,163,000	1,028,000	1,619,000	1,040,000	1,364,000	358,000	-1,186,000	1,135,000	6,000
Investments	3,031,000	4,743,000	3,282,000	1,958,000	-1,867,000	-2,531,000	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-2,071,000	1,004,000	-924,000	-551,000	-80,000	-316,000	0	0	0	0	0
Net Income	1,623,000	-167,000	-83,000	579,000	1,217,000	443,000	2,710,000	483,000	1,372,000	835,000	1,070,000	562,000
Other Cashflows From Financing Activities	42,000	1,986,000	242,000	3,954,000	252,000	161,000	1,389,000	390,000	2,634,000	694,000	811,000	994,000
Other Cashflows From Investing Activities	0	50,000	3,733,000	3,659,000	-33,000	-225,000	-413,000	0	0	0	0	0
Other Non Cash Items	3,251,000	1,276,000	-1,332,000	103,000	-809,000	180,000	-1,944,000	1,290,000	-36,000	-1,006,000	189,000	-268,000
Sale Purchase Of Stock	-992,000	1,750,000	-64,000	-64,000	-41,000	0	0	0	0	0	0	0
Stock Based Compensation	-3,066,000	116,000	-650,000	-365,000	-261,000	612,000	88,000	78,000	64,000	52,000	48,000	42,000
Total Cash From Financing Activities	2,196,000	-799,000	-1,695,000	-2,664,000	-1,460,000	-981,000	-531,000	-734,000	-479,000	-537,000	-384,000	-777,000
Total Cash From Operating Activities	-5,301,000	-2,353,000	-1,338,000	584,000	2,873,000	3,861,000	3,299,000	4,442,000	4,199,000	1,826,000	3,887,000	3,581,000
Total Cashflows From Investing Activities	0	3,104,000	3,282,000	1,958,000	-1,867,000	-2,531,000	-2,662,000	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30
Begin Period Cash Flow	1,977,000	325,000	336,000	528,000	1,303,000	926,000	1,696,000	576,000	2,019,000	601,000	762,000	327,000	723,000	636,000	971,000	449,000	1,145,000	697,000	676,000	903,000	1,339,000	550,000	737,000	554,000	546,000	431,000	540,000	290,000	375,000	373,000	377,000	431,000	545,000	456,000	532,000	780,000	1,311,000	305,000	566,000	1,258,000	928,000	222,000	225,000	671,000	830,000	0
Capital Expenditures	687,000	399,000	676,000	660,000	599,000	290,000	390,000	410,000	243,000	367,000	337,000	382,000	535,000	282,000	372,000	558,000	563,000	392,000	379,000	511,000	582,000	362,000	670,000	628,000	605,000	465,000	564,000	625,000	427,000	600,000	926,000	1,125,000	1,067,000	1,010,000	827,000	937,000	1,051,000	858,000	568,000	535,000	757,000	718,000	436,000	841,000	973,000	782,000
Cash And Cash Equivalents Changes	0	0	-11,000	-192,000	-775,000	377,000	-770,000	1,120,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	1,690,000	761,000	-8,951,000	1,810,000	1,037,000	909,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-1,523,000	1,652,000	-11,000	-192,000	-775,000	377,000	-770,000	1,120,000	-1,443,000	1,418,000	-161,000	435,000	-396,000	87,000	-335,000	522,000	-696,000	448,000	21,000	-227,000	-436,000	789,000	-187,000	183,000	8,000	115,000	-109,000	250,000	-85,000	2,000	-4,000	-54,000	-114,000	89,000	-76,000	-248,000	-531,000	1,006,000	-261,000	-692,000	330,000	706,000	-3,000	-446,000	671,000	830,000
Change In Working Capital	-4,461,000	-2,515,000	-1,161,000	-1,433,000	-2,347,000	-1,619,000	-685,000	-595,000	-1,139,000	-548,000	-319,000	-1,602,000	-1,524,000	-11,000	583,000	826,000	-592,000	-145,000	204,000	300,000	-487,000	-176,000	-24,000	316,000	-372,000	-123,000	-108,000	254,000	-200,000	-136,000	-86,000	266,000	-111,000	-104,000	173,000	252,000	-441,000	-26,000	187,000	-294,000	45,000	-74,000	-44,000	94,000	56,000	-113,000
Change Receivables	0	0	-785,000	-513,000	-1,018,000	210,000	-138,000	78,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-546,000	-356,000	785,000	513,000	-718,000	-210,000	138,000	-78,000	-409,000	-117,000	363,000	-453,000	-338,000	20,000	656,000	787,000	-581,000	-77,000	275,000	197,000	-485,000	-132,000	64,000	194,000	-386,000	-85,000	-22,000	173,000	-178,000	-97,000	-50,000	173,000	-58,000	-39,000	267,000	24,000	-368,000	90,000	358,000	-295,000	52,000	-31,000	23,000	65,000	59,000	-117,000
Change To Inventory	-30,000	-34,000	-44,000	168,000	-62,000	-78,000	-170,000	82,000	-39,000	-33,000	-46,000	50,000	-12,000	-31,000	-73,000	39,000	-11,000	-68,000	-71,000	103,000	-2,000	-44,000	-88,000	122,000	14,000	-38,000	-86,000	81,000	-22,000	-39,000	-36,000	93,000	-53,000	-65,000	-94,000	228,000	-73,000	-116,000	-171,000	1,000	-7,000	-43,000	-67,000	29,000	-3,000	4,000
Change To Liabilities	0	0	-209,000	-1,516,000	1,067,000	404,000	349,000	20,000	-11,000	203,000	-54,000	208,000	276,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	-248,000	26,000	578,000	-249,000	-3,000	16,000	453,000	-229,000	263,000	9,000	198,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	-1,936,000	-1,936,000	-2,857,000	-2,179,000	-1,228,000	45,000	-3,037,000	27,000	28,000	-1,271,000	-1,699,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	674,000	162,000	614,000	605,000	470,000	172,000	605,000	602,000	589,000	1,265,000	1,340,000	1,346,000	1,370,000	733,000	704,000	696,000	720,000	782,000	760,000	744,000	704,000	703,000	706,000	706,000	712,000	667,000	737,000	678,000	1,499,000	553,000	800,000	667,000	702,000	632,000	664,000	591,000	666,000	611,000	685,000	557,000	622,000	579,000	670,000	688,000	788,000	755,000
Dividends Paid	-89,000	92,000	92,000	93,000	46,000	46,000	47,000	46,000	459,000	457,000	458,000	458,000	328,000	469,000	469,000	468,000	225,000	225,000	224,000	225,000	313,000	311,000	189,000	188,000	165,000	164,000	166,000	164,000	755,000	56,000	56,000	55,000	106,000	106,000	906,000	1,356,000	205,000	205,000	205,000	30,000	75,000	76,000	263,000	211,000	242,000	493,000
End Period Cash Flow	454,000	1,977,000	325,000	336,000	528,000	1,303,000	926,000	1,696,000	576,000	2,019,000	601,000	762,000	327,000	723,000	636,000	971,000	449,000	1,145,000	697,000	676,000	903,000	1,339,000	550,000	737,000	554,000	546,000	431,000	540,000	290,000	375,000	373,000	377,000	431,000	545,000	456,000	532,000	780,000	1,311,000	305,000	566,000	1,258,000	928,000	222,000	225,000	671,000	830,000
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-3,869,000	-1,392,000	-868,000	-1,594,000	-3,021,000	-1,484,000	-478,000	941,000	-2,555,000	964,000	918,000	-1,994,000	-1,314,000	-200,000	289,000	62,000	-163,000	653,000	467,000	71,000	-132,000	986,000	538,000	227,000	424,000	831,000	-10,000	-205,000	294,000	736,000	679,000	-343,000	-74,000	-227,000	759,000	-100,000	-1,009,000	184,000	343,000	-704,000	473,000	789,000	208,000	-335,000	-405,000	365,000
Investments	852,000	2,008,000	1,139,000	1,977,000	1,709,000	846,000	1,058,000	1,130,000	643,000	533,000	267,000	1,839,000	669,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	230,000	-754,000	-1,862,000	493,000	-927,000	-702,000	686,000	848,000	-1,208,000	678,000	64,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	-36,000	690,000	824,000	102,000	28,000	-193,000	-113,000	111,000	39,000	634,000	13,000	-769,000	94,000	49,000	476,000	45,000	397,000	257,000	108,000	363,000	-177,000	234,000	178,000	136,000	2,223,000	304,000	-235,000	418,000	-42,000	236,000	-8,000	310,000	154,000	377,000	398,000	443,000	-91,000	771,000	340,000	-185,000	269,000	490,000	330,000	-18,000	137,000	91,000
Other Cashflows From Financing Activities	36,000	16,000	290,000	1,831,000	650,000	906,000	-1,000	1,729,000	1,009,000	44,000	-864,000	701,000	1,033,000	-12,000	384,000	2,269,000	348,000	-15,000	23,000	-104,000	193,000	33,000	-225,000	160,000	651,000	-245,000	207,000	776,000	560,000	-177,000	-510,000	517,000	128,000	607,000	216,000	1,738,000	57,000	600,000	-541,000	633,000	41,000	59,000	586,000	125,000	95,000	18,000
Other Cashflows From Investing Activities	0	0	-213,000	-261,000	-716,000	-357,000	-46,000	1,169,000	810,000	822,000	560,000	1,541,000	1,204,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	1,535,000	670,000	-197,000	-175,000	-845,000	654,000	505,000	1,540,000	-2,301,000	645,000	445,000	-121,000	-450,000	-689,000	-1,102,000	-947,000	-162,000	151,000	-226,000	-825,000	333,000	587,000	348,000	-303,000	-1,622,000	448,000	160,000	-930,000	-614,000	683,000	899,000	-461,000	184,000	-122,000	351,000	-449,000	-144,000	-314,000	-301,000	-247,000	246,000	512,000	-312,000	-262,000	-422,000	405,000
Sale Purchase Of Stock	-242,000	-251,000	-268,000	-231,000	1,750,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-55,000	0	0	0	-55,000	0	0	0	0	0	0	0	0	0
Stock Based Compensation	-956,000	0	-494,000	0	31,000	0	0	0	501,000	-603,000	-205,000	-343,000	-398,000	0	0	0	37,000	0	0	0	77,000	0	0	0	88,000	0	0	0	78,000	0	0	0	64,000	0	0	0	52,000	0	0	0	48,000	0	0	4,000	9,000	9,000
Total Cash From Financing Activities	807,000	637,000	229,000	523,000	414,000	401,000	-979,000	-635,000	226,000	-446,000	-1,683,000	208,000	-286,000	-1,158,000	-1,993,000	773,000	-494,000	-306,000	-284,000	-376,000	-161,000	-302,000	-461,000	-57,000	-234,000	-655,000	-224,000	582,000	-233,000	-266,000	-603,000	368,000	-58,000	476,000	-711,000	-186,000	-237,000	381,000	-752,000	71,000	-133,000	-30,000	-134,000	-87,000	-154,000	-475,000
Total Cash From Operating Activities	-3,182,000	-993,000	-192,000	-934,000	-2,422,000	-1,194,000	-88,000	1,351,000	-2,312,000	1,331,000	1,255,000	-1,612,000	-779,000	82,000	661,000	620,000	400,000	1,045,000	846,000	582,000	450,000	1,348,000	1,208,000	855,000	1,029,000	1,296,000	554,000	420,000	721,000	1,336,000	1,605,000	782,000	993,000	783,000	1,586,000	837,000	42,000	1,042,000	911,000	-169,000	1,230,000	1,507,000	644,000	506,000	568,000	1,147,000
Total Cashflows From Investing Activities	0	0	-48,000	219,000	1,233,000	1,170,000	297,000	404,000	643,000	533,000	267,000	1,839,000	669,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
Cost Of Revenue	19,432,000	22,303,000	16,718,000	14,753,000	15,574,000	17,157,000	15,395,000	14,372,000	15,317,000	14,828,000	12,731,000	11,703,000
Depreciation And Amortization	2,514,000	2,427,000	4,540,000	3,636,000	3,063,000	3,415,000	2,794,000	2,747,000	2,589,000	2,519,000	2,559,000	2,966,000
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	1,152,000	-292,000	-177,000	1,182,000	2,319,000	749,000	1,355,000	1,772,000	2,275,000	1,133,000	1,654,000	1,597,000
Ebitda	3,666,000	2,135,000	4,363,000	4,818,000	5,382,000	4,164,000	4,149,000	4,519,000	4,864,000	3,652,000	4,213,000	4,563,000
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	1,705,000	2,137,000	2,931,000	2,850,000	3,350,000	3,280,000	3,105,000	3,385,000	3,818,000	2,565,000	2,899,000	2,734,000
Income Before Tax	2,447,000	-542,000	152,000	836,000	1,917,000	365,000	1,422,000	912,000	1,820,000	1,293,000	1,797,000	1,175,000
Income Tax Expense	859,000	-388,000	225,000	249,000	516,000	-108,000	1,376,000	362,000	480,000	274,000	737,000	617,000
Interest Expense	431,000	251,000	297,000	357,000	429,000	432,000	0	0	0	0	0	0
Interest Income	0	93,000	98,000	90,000	0	0	0	0	0	0	0	0
Minority Interest	46,000	7,000	-122,000	10,000	-92,000	-73,000	0	0	0	0	0	0
Net Income	1,623,000	-154,000	-73,000	589,000	1,125,000	370,000	2,710,000	483,000	1,372,000	835,000	1,070,000	562,000
Net Income Applicable To Common Shares	0	-160,000	-205,000	589,000	1,125,000	370,000	2,710,000	0	0	0	0	0
Net Income From Continuing Ops	1,577,000	-167,000	-83,000	579,000	1,217,000	443,000	0	0	0	0	0	0
Net Interest Income	-431,000	-158,000	-199,000	-357,000	-429,000	-432,000	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	1,152,000	-292,000	-177,000	1,182,000	2,319,000	975,000	1,355,000	1,772,000	2,275,000	1,133,000	1,654,000	1,597,000
Other Items	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	19,985,000	23,946,000	19,970,000	17,358,000	17,628,000	19,510,000	16,638,000	16,481,000	16,951,000	15,798,000	13,480,000	12,963,000
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	1,883,000	1,849,000	4,540,000	3,636,000	3,063,000	3,415,000	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	0	0	0	0	0	0	0	0	0	0	0	0
Tax Provision	859,000	-388,000	225,000	249,000	516,000	-108,000	0	0	0	0	0	0
Total Operating Expenses	553,000	1,643,000	3,252,000	2,605,000	2,054,000	2,353,000	1,243,000	2,109,000	1,634,000	970,000	749,000	1,260,000
Total Other Income Expense Net	1,295,000	-250,000	329,000	-346,000	-402,000	-130,000	67,000	-860,000	-455,000	160,000	143,000	-422,000
Total Revenue	21,137,000	24,440,000	19,649,000	17,603,000	18,924,000	20,437,000	18,500,000	17,757,000	19,135,000	17,393,000	15,630,000	14,437,000

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30
Cost Of Revenue	4,543,000	4,720,000	4,364,000	7,161,000	7,083,000	5,684,000	4,781,000	4,755,000	5,202,000	2,484,000	3,421,000	5,611,000	3,604,000	3,264,000	3,131,000	3,959,000	4,039,000	3,699,000	3,558,000	4,499,000	4,528,000	4,346,000	3,696,000	4,606,000	3,746,000	3,686,000	3,664,000	4,258,000	3,694,000	3,764,000	3,066,000	3,760,000	3,657,000	3,753,000	3,149,000	4,712,000	4,118,000	3,036,000	3,146,000	4,430,000	3,116,000	3,223,000	3,023,000	3,258,000	3,733,000	3,472,000
Depreciation And Amortization	674,000	162,000	614,000	605,000	272,000	172,000	605,000	559,000	589,000	1,265,000	1,340,000	1,346,000	1,370,000	678,000	659,000	661,000	686,000	722,000	716,000	710,000	704,000	703,000	706,000	706,000	712,000	667,000	737,000	678,000	1,499,000	553,000	800,000	667,000	702,000	632,000	664,000	591,000	666,000	611,000	685,000	557,000	622,000	579,000	670,000	688,000	788,000	755,000
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	187,000	1,114,000	1,274,000	319,000	223,000	88,000	155,000	435,000	-250,000	998,000	-185,000	-1,042,000	385,000	988,000	333,000	341,000	166,000	613,000	189,000	336,000	88,000	491,000	454,000	472,000	483,000	625,000	115,000	175,000	666,000	627,000	-3,000	564,000	237,000	628,000	704,000	754,000	321,000	996,000	271,000	-356,000	346,000	716,000	736,000	-32,000	-136,000	243,000
Ebitda	861,000	1,276,000	1,888,000	924,000	495,000	260,000	760,000	994,000	339,000	2,263,000	1,155,000	304,000	1,755,000	1,666,000	992,000	1,002,000	852,000	1,335,000	905,000	1,046,000	792,000	1,194,000	1,160,000	1,178,000	1,195,000	1,292,000	852,000	853,000	2,165,000	1,180,000	797,000	1,231,000	939,000	1,260,000	1,368,000	1,345,000	987,000	1,607,000	956,000	201,000	968,000	1,295,000	1,406,000	656,000	652,000	998,000
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	321,000	1,391,000	1,082,000	404,000	250,000	367,000	684,000	836,000	330,000	1,922,000	732,000	-52,000	727,000	1,395,000	749,000	774,000	605,000	1,075,000	652,000	797,000	541,000	932,000	883,000	906,000	911,000	1,064,000	552,000	620,000	694,000	1,271,000	523,000	979,000	637,000	1,015,000	1,083,000	1,130,000	684,000	1,376,000	643,000	-40,000	656,000	1,032,000	1,047,000	275,000	165,000	559,000
Income Before Tax	143,000	895,000	1,171,000	238,000	147,000	-312,000	-438,000	61,000	160,000	814,000	124,000	-947,000	304,000	128,000	724,000	-374,000	495,000	300,000	162,000	561,000	-404,000	378,000	204,000	195,000	908,000	585,000	-384,000	522,000	79,000	444,000	-3,000	408,000	241,000	296,000	571,000	711,000	-34,000	1,140,000	571,000	-384,000	566,000	773,000	477,000	-18,000	266,000	172,000
Income Tax Expense	182,000	205,000	342,000	131,000	116,000	-123,000	-328,000	-53,000	117,000	177,000	110,000	-179,000	208,000	11,000	195,000	213,000	62,000	56,000	44,000	139,000	180,000	78,000	23,000	9,000	1,382,000	239,000	148,000	123,000	77,000	173,000	31,000	151,000	109,000	36,000	181,000	226,000	16,000	291,000	199,000	199,000	301,000	288,000	149,000	1,000	127,000	85,000
Interest Expense	139,000	82,000	103,000	107,000	64,000	75,000	56,000	56,000	72,000	77,000	76,000	72,000	80,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	85,000
Interest Income	0	0	34,000	26,000	23,000	22,000	29,000	19,000	0	26,000	28,000	18,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	2,000	41,000	9,000	-6,000	6,000	5,000	2,000	-5,000	3,000	-27,000	-74,000	-24,000	-75,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	-36,000	731,000	833,000	96,000	34,000	-189,000	-110,000	106,000	42,000	607,000	-61,000	-793,000	19,000	49,000	476,000	45,000	397,000	257,000	108,000	363,000	-177,000	234,000	178,000	136,000	2,223,000	304,000	-235,000	418,000	-42,000	236,000	-8,000	310,000	154,000	377,000	398,000	443,000	-91,000	771,000	340,000	-185,000	269,000	490,000	330,000	-18,000	137,000	91,000
Net Income Applicable To Common Shares	0	0	833,000	833,000	34,000	-188,000	-111,000	106,000	42,000	607,000	-61,000	-793,000	19,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	-39,000	690,000	824,000	102,000	28,000	-193,000	-113,000	111,000	39,000	634,000	13,000	-769,000	94,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-139,000	-82,000	-103,000	-107,000	-41,000	-53,000	-27,000	-37,000	26,000	-123,000	-48,000	-54,000	-80,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	187,000	977,000	669,000	319,000	223,000	88,000	155,000	435,000	-2,000	1,006,000	-308,000	-1,042,000	-354,000	988,000	333,000	341,000	166,000	613,000	189,000	336,000	88,000	491,000	454,000	472,000	483,000	625,000	115,000	175,000	666,000	627,000	-3,000	564,000	237,000	628,000	704,000	754,000	321,000	996,000	271,000	-356,000	346,000	716,000	736,000	-32,000	-136,000	243,000
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	4,677,000	5,139,000	4,777,000	7,560,000	7,493,000	6,128,000	5,397,000	5,244,000	5,365,000	3,454,000	4,372,000	6,630,000	4,684,000	4,474,000	3,174,000	5,025,000	4,081,000	4,389,000	3,968,000	4,649,000	5,375,000	4,828,000	4,309,000	5,219,000	3,846,000	4,053,000	4,472,000	4,258,000	4,218,000	4,514,000	3,493,000	4,235,000	3,957,000	4,404,000	3,562,000	5,030,000	4,742,000	3,210,000	3,157,000	4,703,000	3,122,000	3,400,000	3,500,000	3,474,000	3,912,000	3,170,000
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	502,000	162,000	614,000	605,000	470,000	172,000	605,000	602,000	589,000	1,265,000	1,340,000	1,346,000	1,370,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax Provision	182,000	205,000	342,000	131,000	116,000	-123,000	-328,000	-53,000	117,000	178,000	110,000	-179,000	208,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	134,000	419,000	413,000	399,000	410,000	444,000	616,000	489,000	163,000	970,000	951,000	1,019,000	1,080,000	1,210,000	43,000	1,066,000	42,000	690,000	410,000	150,000	847,000	482,000	613,000	613,000	100,000	367,000	808,000	-445,000	524,000	750,000	427,000	475,000	300,000	651,000	413,000	318,000	624,000	174,000	11,000	273,000	6,000	177,000	477,000	216,000	179,000	302,000
Total Other Income Expense Net	-44,000	5,000	605,000	-81,000	-76,000	-400,000	-593,000	-374,000	-33,000	-87,000	391,000	178,000	737,000	-860,000	391,000	-715,000	329,000	-313,000	-27,000	225,000	-492,000	-113,000	-250,000	-277,000	425,000	-40,000	-499,000	347,000	-587,000	-183,000	0	-156,000	4,000	-332,000	-133,000	-43,000	-355,000	144,000	300,000	-28,000	220,000	57,000	-259,000	14,000	402,000	-71,000
Total Revenue	4,864,000	6,111,000	5,446,000	7,565,000	7,333,000	6,051,000	5,465,000	5,591,000	5,532,000	4,406,000	4,153,000	5,559,000	4,331,000	4,659,000	3,880,000	4,733,000	4,644,000	4,774,000	4,210,000	5,296,000	5,069,000	5,278,000	4,579,000	5,512,000	4,657,000	4,750,000	4,216,000	4,878,000	4,388,000	5,035,000	3,589,000	4,739,000	4,294,000	4,768,000	4,232,000	5,842,000	4,802,000	4,412,000	3,789,000	4,390,000	3,772,000	4,255,000	4,070,000	3,533,000	3,898,000	4,031,000

Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue	21,137,000
Cost of Revenue	-19,432,000
Gross Profit	1,705,000	1,705,000

Operating Income (+$)
Gross Profit	1,705,000
Operating Expense	-553,000
Operating Income	1,152,000	1,152,000

Operating Expense (+$)
Research Development	0
Selling General Administrative	0
Selling And Marketing Expenses	0
Operating Expense	553,000	0

Net Interest Income (+$)
Interest Income	0
Interest Expense	-431,000
Other Finance Cost	-0
Net Interest Income	-431,000

Pretax Income (+$)
Operating Income	1,152,000
Net Interest Income	-431,000
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	2,447,000	-143,000 EBIT - interestExpense = 721,000 2,482,000 2,054,000
Interest Expense	431,000
Earnings Before Interest and Taxes (EBIT)	1,152,000	2,878,000
Earnings Before Interest and Taxes (EBITDA)	3,666,000

After tax Income (+$)
Income Before Tax	2,447,000
Tax Provision	-859,000
Net Income From Continuing Ops	1,577,000	1,588,000
Net Income	1,623,000
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	19,985,000
Total Other Income/Expenses Net	1,295,000	431,000

Technical Analysis of Constellation Energy Corp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Constellation Energy Corp. The general trend of Constellation Energy Corp is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Constellation Energy Corp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (85.7%)		Bearish trend (-85.7%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of Constellation Energy Corp.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 197.64 < 198.83.

The bearish price targets are: 181.42 > 162.67 > 130.46.

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Constellation Energy Corp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Constellation Energy Corp. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

MA 20 trending up: The MA 20 is trending up. +1
Close < MA 20: The price is below the MA 20. -1
MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
MA 50 trending up: The MA 50 is trending up. +1
Close > MA 50: The price is above the MA 50. +1
MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending up: The MA 100 is trending up. +1
Close > MA 100: The price is above the MA 100. +1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending up: The MA 200 is trending up. +1
Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Constellation Energy Corp Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Constellation Energy Corp. The current macd is 5.45998854.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Constellation Energy Corp price going down in the near term. -2
MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Constellation Energy Corp. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Constellation Energy Corp price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1

Constellation Energy Corp Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of Constellation Energy Corp. The current adx is 39.53.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Constellation Energy Corp shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2

Constellation Energy Corp Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Constellation Energy Corp. The current sar is 196.97.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1

Constellation Energy Corp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Constellation Energy Corp. The current rsi is 54.13. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
Trending down: The RSI is trending down. -1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Constellation Energy Corp Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Constellation Energy Corp. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
STOCH < 20: The STOCH %K is below 20 and oversold. -2
STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Constellation Energy Corp price going down in the near term. -2
Trending down: The STOCH %K is trending down. -1

Constellation Energy Corp Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Constellation Energy Corp. The current cci is -38.69678694.

Constellation Energy Corp Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Constellation Energy Corp. The current cmo is -6.26388085.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1

Constellation Energy Corp Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of Constellation Energy Corp. The current willr is -84.9568434.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1

Constellation Energy Corp Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of Constellation Energy Corp.

Constellation Energy Corp Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Constellation Energy Corp. The current atr is 7.10184472.

Constellation Energy Corp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Constellation Energy Corp. The current obv is 89,682,116.

Constellation Energy Corp Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Constellation Energy Corp. The current mfi is 40.45.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

MFI < 50: -1

Constellation Energy Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Constellation Energy Corp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-11-27	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2023-11-28	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-11-29	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-01	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2023-12-05	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-06	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-11	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2023-12-15	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-19	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-21	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-22	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2023-12-26	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-27	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2023-12-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-29	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-01-02	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-01-04	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-08	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-09	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-10	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-11	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-16	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-01-17	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-19	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-22	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-23	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-01-24	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-30	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-31	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-02	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-05	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-02-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-02-08	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-02-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-13	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-02-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-20	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-21	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-22	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-02-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-28	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-03-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-04	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-11	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-03-12	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-03-13	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-03-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-21	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-03-25	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-26	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-01	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-04	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-08	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-04-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-10	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-17	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-18	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside

6.3. Candlestick Patterns

Constellation Energy Corp Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Constellation Energy Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	54.135
Ma 20	Greater than	Ma 50	186.618
Ma 50	Greater than	Ma 100	166.770
Ma 100	Greater than	Ma 200	142.474
Open	Greater than	Close	186.130
Total			5/5 (100.0%)

Create your own Symbol Scanner

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Quick analysis of Constellation Energy Corp (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Constellation Energy Corp (5 min.)

$183.86

$35.27

$-487.07 - $-258.59

$-451.80 - $-223.32

2. Growth of Constellation Energy Corp (5 min.)

Is Constellation Energy Corp growing?

How much money is Constellation Energy Corp making?

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

3. Financial Health of Constellation Energy Corp (5 min.)

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

What can you expect buying and holding a share of Constellation Energy Corp?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Constellation Energy Corp

About Constellation Energy Corp

Financial Health

Valuation

1.1. Profitability of Constellation Energy Corp.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

1.1.2. Return on Assets

Trends

1.1.3. Return on Equity

Trends

1.2. Operating Efficiency of Constellation Energy Corp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Constellation Energy Corp.

1.3. Liquidity

1.3.1. Current Ratio

Trends

1.3.2. Quick Ratio

Trends

1.4. Solvency of Constellation Energy Corp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

1.4.2. Debt to Equity Ratio

Trends

2. Market Valuation of Constellation Energy Corp

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

2.2. Price To Free Cash Flow Ratio

Trends

2. Book Value per Share

2.3. Price to Book Ratio

Trends

Constellation Energy Corp
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