0 XP   0   0   0

Compagnie d Entreprises CFE SA
Buy, Hold or Sell?

Should you buy, hold or sell Cfe?

I guess you are interested in Compagnie d Entreprises CFE SA. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse Cfe

Let's start. I'm going to help you getting a better view of Compagnie d Entreprises CFE SA. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Compagnie d Entreprises CFE SA even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Compagnie d Entreprises CFE SA is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Compagnie d Entreprises CFE SA. The closing price on 2023-02-03 was €9.38 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Compagnie d Entreprises CFE SA Daily Candlestick Chart
Compagnie d Entreprises CFE SA Daily Candlestick Chart
Summary









1. Valuation of Cfe




Current price per share

€9.38

2. Growth of Cfe




Is Cfe growing?

Current yearPrevious yearGrowGrow %
How rich?$2.1b$1.9b$163m7.7%

How much money is Cfe making?

Current yearPrevious yearGrowGrow %
Making money$161.9m$69.1m$92.8m57.3%
Net Profit Margin13.3%2.0%--

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

3. Financial Health of Cfe




Comparing to competitors in the Engineering & Construction industry




  Industry Rankings (Engineering & Construction)  


Richest
#269 / 700

Most Revenue
#303 / 700

Most Profit
#171 / 700


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

1.1. Profitability of Compagnie d Entreprises CFE SA.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Cfe to the Engineering & Construction industry mean.
  • A Net Profit Margin of 13.3% means that €0.13 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Compagnie d Entreprises CFE SA:

  • The MRQ is 13.3%. The company is making a huge profit. +2
  • The TTM is 13.3%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ13.3%TTM13.3%0.0%
TTM13.3%YOY2.0%+11.3%
TTM13.3%5Y5.9%+7.4%
5Y5.9%10Y4.5%+1.5%
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ13.3%2.4%+10.9%
TTM13.3%2.0%+11.3%
YOY2.0%2.4%-0.4%
5Y5.9%2.0%+3.9%
10Y4.5%2.3%+2.2%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Cfe to the Engineering & Construction industry mean.
  • 2.8% Return on Assets means that Cfe generated €0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Compagnie d Entreprises CFE SA:

  • The MRQ is 2.8%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.8%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.8%TTM2.8%0.0%
TTM2.8%YOY1.2%+1.6%
TTM2.8%5Y2.8%+0.0%
5Y2.8%10Y2.6%+0.2%
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ2.8%0.6%+2.2%
TTM2.8%0.6%+2.2%
YOY1.2%0.6%+0.6%
5Y2.8%0.6%+2.2%
10Y2.6%0.7%+1.9%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Cfe to the Engineering & Construction industry mean.
  • 7.7% Return on Equity means Cfe generated €0.08 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Compagnie d Entreprises CFE SA:

  • The MRQ is 7.7%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 7.7%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ7.7%TTM7.7%0.0%
TTM7.7%YOY3.6%+4.2%
TTM7.7%5Y8.0%-0.2%
5Y8.0%10Y7.8%+0.2%
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ7.7%1.9%+5.8%
TTM7.7%1.8%+5.9%
YOY3.6%1.8%+1.8%
5Y8.0%1.8%+6.2%
10Y7.8%2.0%+5.8%

1.2. Operating Efficiency of Compagnie d Entreprises CFE SA.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Cfe is operating .

  • Measures how much profit Cfe 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 Cfe to the Engineering & Construction industry mean.
  • An Operating Margin of 14.7% means the company generated €0.15  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Compagnie d Entreprises CFE SA:

  • The MRQ is 14.7%. The company is operating less efficient.
  • The TTM is 14.7%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ14.7%TTM14.7%0.0%
TTM14.7%YOY3.2%+11.5%
TTM14.7%5Y7.6%+7.1%
5Y7.6%10Y6.6%+1.1%
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ14.7%3.6%+11.1%
TTM14.7%2.6%+12.1%
YOY3.2%3.1%+0.1%
5Y7.6%3.1%+4.5%
10Y6.6%2.6%+4.0%
1.2.2. Operating Ratio

Measures how efficient Cfe is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Engineering & Construction 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 Compagnie d Entreprises CFE SA:

  • The MRQ is 0.957. The company is less efficient in keeping operating costs low.
  • The TTM is 0.957. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.957TTM0.9570.000
TTM0.957YOY1.034-0.077
TTM0.9575Y0.974-0.017
5Y0.97410Y0.973+0.001
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9571.656-0.699
TTM0.9571.581-0.624
YOY1.0341.341-0.307
5Y0.9741.238-0.264
10Y0.9731.148-0.175

1.3. Liquidity of Compagnie d Entreprises CFE SA.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Engineering & Construction industry mean).
  • A Current Ratio of 1.56 means the company has €1.56 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Compagnie d Entreprises CFE SA:

  • The MRQ is 1.558. The company is able to pay all its short-term debts. +1
  • The TTM is 1.558. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.558TTM1.5580.000
TTM1.558YOY0.883+0.675
TTM1.5585Y1.009+0.549
5Y1.00910Y1.017-0.008
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5581.335+0.223
TTM1.5581.285+0.273
YOY0.8831.308-0.425
5Y1.0091.283-0.274
10Y1.0171.156-0.139
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Cfe to the Engineering & Construction industry mean.
  • A Quick Ratio of 0.14 means the company can pay off €0.14 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Compagnie d Entreprises CFE SA:

  • The MRQ is 0.142. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.142. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.142TTM0.1420.000
TTM0.142YOY0.758-0.615
TTM0.1425Y0.637-0.495
5Y0.63710Y0.748-0.110
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1420.896-0.754
TTM0.1420.867-0.725
YOY0.7580.903-0.145
5Y0.6370.842-0.205
10Y0.7480.815-0.067

1.4. Solvency of Compagnie d Entreprises CFE SA.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Cfe to Engineering & Construction industry mean.
  • A Debt to Asset Ratio of 0.63 means that Cfe assets are financed with 63.1% credit (debt) and the remaining percentage (100% - 63.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Compagnie d Entreprises CFE SA:

  • The MRQ is 0.631. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.631. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.631TTM0.6310.000
TTM0.631YOY0.649-0.018
TTM0.6315Y0.646-0.015
5Y0.64610Y0.671-0.026
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6310.619+0.012
TTM0.6310.607+0.024
YOY0.6490.603+0.046
5Y0.6460.597+0.049
10Y0.6710.589+0.082
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Cfe to the Engineering & Construction industry mean.
  • A Debt to Equity ratio of 172.7% means that company has €1.73 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Compagnie d Entreprises CFE SA:

  • The MRQ is 1.727. The company is just able to pay all its debts with equity.
  • The TTM is 1.727. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.727TTM1.7270.000
TTM1.727YOY1.865-0.138
TTM1.7275Y1.840-0.113
5Y1.84010Y2.123-0.283
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7271.613+0.114
TTM1.7271.555+0.172
YOY1.8651.533+0.332
5Y1.8401.536+0.304
10Y2.1231.580+0.543

2. Market Valuation of Compagnie d Entreprises CFE SA

2. Earnings Per Share
2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but always compare Cfe to the Engineering & Construction industry mean.
  • A PE ratio of 20.72 means the investor is paying €20.72 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Compagnie d Entreprises CFE SA:

  • The EOD is 1.583. Very good. +2
  • The MRQ is 20.723. Very good. +2
  • The TTM is 20.723. Very good. +2
Trends
Current periodCompared to+/- 
EOD1.583MRQ20.723-19.140
MRQ20.723TTM20.7230.000
TTM20.723YOY33.057-12.334
TTM20.7235Y20.413+0.310
5Y20.41310Y14.940+5.473
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
EOD1.58329.302-27.719
MRQ20.72330.235-9.512
TTM20.72335.876-15.153
YOY33.05737.495-4.438
5Y20.41338.335-17.922
10Y14.94034.462-19.522
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Cfe.

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

Let's take a look of the Price Earnings to Growth Ratio trends of Compagnie d Entreprises CFE SA:

  • The MRQ is 8.844. Seems overpriced? -1
  • The TTM is 8.844. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ8.844TTM8.8440.000
TTM8.844YOY68.893-60.049
TTM8.8445Y26.164-17.320
5Y26.16410Y20.430+5.733
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ8.8440.178+8.666
TTM8.8440.054+8.790
YOY68.8930.046+68.847
5Y26.1640.124+26.040
10Y20.4300.114+20.316

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

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

  • At or below 1 is considered healthy (always compare to Engineering & Construction industry mean).
  • A PB ratio of 1.59 means the investor is paying €1.59 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Compagnie d Entreprises CFE SA:

  • The EOD is 0.121. Very good. +2
  • The MRQ is 1.589. Good. +1
  • The TTM is 1.589. Good. +1
Trends
Current periodCompared to+/- 
EOD0.121MRQ1.589-1.468
MRQ1.589TTM1.5890.000
TTM1.589YOY1.172+0.417
TTM1.5895Y1.456+0.133
5Y1.45610Y1.598-0.141
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
EOD0.1211.033-0.912
MRQ1.5891.072+0.517
TTM1.5891.203+0.386
YOY1.1721.133+0.039
5Y1.4561.126+0.330
10Y1.5980.944+0.654
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Compagnie d Entreprises CFE SA compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--5.9685.9680%1.763+238%3.315+80%5.717+4%
Book Value Growth--1.0841.0840%1.025+6%1.050+3%1.180-8%
Book Value Per Share--77.26977.2690%71.301+8%70.414+10%59.041+31%
Book Value Per Share Growth--1.0841.0840%1.025+6%1.050+3%1.180-8%
Current Ratio--1.5581.5580%0.883+76%1.009+54%1.017+53%
Debt To Asset Ratio--0.6310.6310%0.649-3%0.646-2%0.671-6%
Debt To Equity Ratio--1.7271.7270%1.865-7%1.840-6%2.123-19%
Dividend Per Share--0.1930.1930%0.1930%1.467-87%1.408-86%
Dividend Per Share Growth--1.0001.0000%0.081+1142%0.819+22%1.089-8%
Eps--5.9265.9260%2.529+134%5.526+7%4.624+28%
Eps Growth--2.3432.3430%0.480+388%1.125+108%1.082+116%
Free Cash Flow Per Share--17.46017.4600%8.076+116%8.154+114%6.562+166%
Free Cash Flow Per Share Growth--2.1622.1620%0.460+369%1.218+77%13.285-84%
Free Cash Flow To Equity Per Share--7.1467.1460%3.934+82%6.619+8%4.303+66%
Free Cash Flow To Equity Per Share Growth--1.8161.8160%0.162+1019%1.369+33%1.800+1%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--395.546--------
Intrinsic Value_10Y_min--262.784--------
Intrinsic Value_1Y_max--22.291--------
Intrinsic Value_1Y_min--17.555--------
Intrinsic Value_3Y_max--80.194--------
Intrinsic Value_3Y_min--60.661--------
Intrinsic Value_5Y_max--154.036--------
Intrinsic Value_5Y_min--112.111--------
Net Profit Margin--0.1330.1330%0.020+571%0.059+125%0.045+199%
Operating Margin--0.1470.1470%0.032+360%0.076+93%0.066+124%
Operating Ratio--0.9570.9570%1.034-7%0.974-2%0.973-2%
Pb Ratio0.121-1209%1.5891.5890%1.172+36%1.456+9%1.598-1%
Pe Ratio1.583-1209%20.72320.7230%33.057-37%20.413+2%14.940+39%
Peg Ratio--8.8448.8440%68.893-87%26.164-66%20.430-57%
Price Per Share9.380-1209%122.800122.8000%83.600+47%102.360+20%91.867+34%
Price To Total Gains Ratio1.522-1209%19.93119.9310%42.727-53%24.922-20%19.9380%
Profit Growth--2.3432.3430%0.480+388%1.125+108%1.087+116%
Quick Ratio--0.1420.1420%0.758-81%0.637-78%0.748-81%
Return On Assets--0.0280.0280%0.012+127%0.028+1%0.026+9%
Return On Equity--0.0770.0770%0.036+116%0.080-3%0.0780%
Revenue Growth--0.3490.3490%0.889-61%0.903-61%1.006-65%
Total Gains Per Share--6.1616.1610%1.957+215%4.782+29%7.125-14%
Total Gains Per Share Growth--3.1493.1490%0.575+448%1.242+153%2.456+28%
Usd Book Value--2111530067.0002111530067.0000%1948441366.000+8%1924200114.000+10%1613413791.200+31%
Usd Book Value Change Per Share--6.4436.4430%1.904+238%3.578+80%6.172+4%
Usd Book Value Per Share--83.41283.4120%76.969+8%76.012+10%63.735+31%
Usd Dividend Per Share--0.2090.2090%0.2090%1.584-87%1.520-86%
Usd Eps--6.3976.3970%2.730+134%5.965+7%4.991+28%
Usd Free Cash Flow--477117410.000477117410.0000%220689741.500+116%222812470.300+114%179329022.850+166%
Usd Free Cash Flow Per Share--18.84818.8480%8.718+116%8.802+114%7.084+166%
Usd Free Cash Flow To Equity Per Share--7.7147.7140%4.247+82%7.145+8%4.645+66%
Usd Price Per Share10.126-1209%132.563132.5630%90.246+47%110.498+20%99.170+34%
Usd Profit--161933636.000161933636.0000%69109590.000+134%151005641.600+7%126356338.600+28%
Usd Revenue--1214811007.0001214811007.0000%3478103661.000-65%3169234530.200-62%3064892219.200-60%
Usd Total Gains Per Share--6.6516.6510%2.112+215%5.162+29%7.691-14%
 EOD+3 -2MRQTTM+0 -0YOY+34 -65Y+32 -1010Y+27 -15

3.2. Fundamental Score

Let's check the fundamental score of Compagnie d Entreprises CFE SA based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-151.583
Price to Book Ratio (EOD)Between0-10.121
Net Profit Margin (MRQ)Greater than00.133
Operating Margin (MRQ)Greater than00.147
Quick Ratio (MRQ)Greater than10.142
Current Ratio (MRQ)Greater than11.558
Debt to Asset Ratio (MRQ)Less than10.631
Debt to Equity Ratio (MRQ)Less than11.727
Return on Equity (MRQ)Greater than0.150.077
Return on Assets (MRQ)Greater than0.050.028
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Compagnie d Entreprises CFE SA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5048.461
Ma 20Greater thanMa 509.419
Ma 50Greater thanMa 1009.426
Ma 100Greater thanMa 2009.890
OpenGreater thanClose9.370
Total0/5 (0.0%)



Reversals in quarterly reports

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

 2017-12-312018-12-312019-12-312020-12-312021-12-31
Net Debt  351,909296,413648,322149,739798,061-196,632601,429-715,117-113,688
Net Working Capital  -283,594-157,842-441,436297,706-143,730-109,125-252,8552,038,2331,785,378
Minority Interest  14,421-44813,973-2,36611,6076,22817,835-20,593-2,758



Latest Balance Sheet

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

Summary
Total Assets5,299,999
Total Liabilities3,343,973
Total Stockholder Equity1,936,335
 As reported
Total Liabilities 3,343,973
Total Stockholder Equity+ 1,936,335
Total Assets = 5,299,999

Assets

Total Assets5,299,999
Total Current Assets4,987,161
Long-term Assets4,987,161
Total Current Assets
Cash And Cash Equivalents 143,587
Short-term Investments 15,691
Net Receivables 281,256
Other Current Assets 4,667,502
Total Current Assets  (as reported)4,987,161
Total Current Assets  (calculated)5,108,036
+/- 120,875
Long-term Assets
Property Plant Equipment 82,283
Goodwill 23,763
Intangible Assets 1,943
Other Assets 101,468
Long-term Assets  (as reported)312,838
Long-term Assets  (calculated)209,457
+/- 103,381

Liabilities & Shareholders' Equity

Total Current Liabilities3,201,783
Long-term Liabilities142,190
Total Stockholder Equity1,936,335
Total Current Liabilities
Short-term Debt 29,899
Short Long Term Debt 29,899
Accounts payable 277,009
Other Current Liabilities 2,886,575
Total Current Liabilities  (as reported)3,201,783
Total Current Liabilities  (calculated)3,223,382
+/- 21,599
Long-term Liabilities
Long term Debt 53,172
Capital Lease Obligations Min Short Term Debt3,930
Other Liabilities 64,591
Long-term Liabilities Other 38,267
Deferred Long Term Liability 37
Long-term Liabilities  (as reported)142,190
Long-term Liabilities  (calculated)159,997
+/- 17,807
Total Stockholder Equity
Common Stock41,330
Retained Earnings 1,184,100
Other Stockholders Equity 710,905
Total Stockholder Equity (as reported)1,936,335
Total Stockholder Equity (calculated)1,936,335
+/-0
Other
Capital Stock41,330
Cash and Short Term Investments 159,278
Common Stock Shares Outstanding 25,314
Liabilities and Stockholders Equity 5,280,308
Net Debt -113,688
Net Invested Capital 1,966,234
Net Tangible Assets 1,910,666
Net Working Capital 1,785,378
Short Long Term Debt Total 29,899



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-31
> Total Assets 
66,652,600
1,758,181
1,715,533
1,653,329
832,619
1,055,137
1,223,230
1,353,243
1,684,221
1,710,812
1,880,984
2,204,096
2,399,557
4,160,919
4,215,452
4,302,159
4,328,219
4,646,893
4,948,951
5,112,632
5,137,483
5,299,999
5,299,9995,137,4835,112,6324,948,9514,646,8934,328,2194,302,1594,215,4524,160,9192,399,5572,204,0961,880,9841,710,8121,684,2211,353,2431,223,2301,055,137832,6191,653,3291,715,5331,758,18166,652,600
   > Total Current Assets 
0
0
0
0
0
669,552
778,311
857,861
1,091,480
1,030,290
1,026,666
1,190,753
1,263,995
1,909,215
2,031,971
1,896,488
1,928,002
1,831,442
1,859,102
1,861,464
1,901,937
4,987,161
4,987,1611,901,9371,861,4641,859,1021,831,4421,928,0021,896,4882,031,9711,909,2151,263,9951,190,7531,026,6661,030,2901,091,480857,861778,311669,55200000
       Cash And Cash Equivalents 
982,300
33,209
34,673
23,994
64,461
88,356
140,724
141,470
201,164
170,546
175,518
208,347
260,602
474,793
703,501
491,952
612,155
523,018
388,346
612,206
759,695
143,587
143,587759,695612,206388,346523,018612,155491,952703,501474,793260,602208,347175,518170,546201,164141,470140,72488,35664,46123,99434,67333,209982,300
       Short-term Investments 
1,359,300
32,476
13,095
32,417
34,017
55
5,780
57
18
209
55
1,759
153
594
4,687
70
48
34
0
0
2,900
15,691
15,6912,900003448704,6875941531,7595520918575,7805534,01732,41713,09532,4761,359,300
       Net Receivables 
37,819,000
1,035,188
994,620
1,015,383
348,517
465,553
520,380
617,609
710,462
674,327
661,292
761,407
732,466
1,116,915
1,082,504
944,949
1,160,306
1,098,842
1,261,298
996,436
867,761
281,256
281,256867,761996,4361,261,2981,098,8421,160,306944,9491,082,5041,116,915732,466761,407661,292674,327710,462617,609520,380465,553348,5171,015,383994,6201,035,18837,819,000
       Other Current Assets 
146,100
5,839
4,113
7,976
26,548
485,889
533,617
638,687
763,163
712,684
690,527
821,797
816,706
1,217,945
1,218,505
1,326,520
1,220,963
1,169,425
1,341,867
1,086,646
954,777
4,667,502
4,667,502954,7771,086,6461,341,8671,169,4251,220,9631,326,5201,218,5051,217,945816,706821,797690,527712,684763,163638,687533,617485,88926,5487,9764,1135,839146,100
   > Long-term Assets 
0
0
0
0
0
385,585
444,919
495,382
592,741
680,522
854,318
1,013,343
1,135,562
2,251,704
2,183,481
2,405,671
2,400,217
2,815,451
3,089,849
3,251,168
3,235,546
312,838
312,8383,235,5463,251,1683,089,8492,815,4512,400,2172,405,6712,183,4812,251,7041,135,5621,013,343854,318680,522592,741495,382444,919385,58500000
       Property Plant Equipment 
8,801,800
212,825
247,485
234,956
234,316
305,904
379,907
414,085
500,844
600,858
750,470
899,618
980,434
1,753,779
1,503,275
1,727,679
1,683,304
2,138,208
2,390,236
2,615,164
2,515,052
82,283
82,2832,515,0522,615,1642,390,2362,138,2081,683,3041,727,6791,503,2751,753,779980,434899,618750,470600,858500,844414,085379,907305,904234,316234,956247,485212,8258,801,800
       Goodwill 
87,600
3,745
4,071
4,253
4,198
8,152
9,665
22,080
27,917
25,791
27,893
28,725
33,401
291,873
177,082
175,222
175,169
184,930
177,127
177,127
172,127
23,763
23,763172,127177,127177,127184,930175,169175,222177,082291,87333,40128,72527,89325,79127,91722,0809,6658,1524,1984,2534,0713,74587,600
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
271,273
268,631
280,878
295,331
147,611
161,549
251,566
0
0
00251,566161,549147,611295,331280,878268,631271,2730000000000000
       Intangible Assets 
178,100
5,906
6,621
7,408
7,201
2,227
3,887
4,535
5,929
6,913
8,752
9,839
12,651
19,204
98,491
97,886
95,441
91,343
89,588
90,261
111,259
1,943
1,943111,25990,26189,58891,34395,44197,88698,49119,20412,6519,8398,7526,9135,9294,5353,8872,2277,2017,4086,6215,906178,100
       Long-term Assets Other 
0
0
0
0
0
43,582
42,499
53,501
48,908
43,362
20,801
19,749
58,363
94,643
111,979
128,151
148,487
149,371
332,989
268,196
101,196
29,552
29,552101,196268,196332,989149,371148,487128,151111,97994,64358,36319,74920,80143,36248,90853,50142,49943,58200000
> Total Liabilities 
61,337,600
1,616,342
1,568,574
1,492,093
662,205
856,000
953,609
1,030,391
1,316,004
1,276,613
1,405,538
1,695,335
1,860,911
2,957,831
2,894,587
2,867,759
2,791,742
2,990,568
3,214,100
3,352,322
3,332,535
3,343,973
3,343,9733,332,5353,352,3223,214,1002,990,5682,791,7422,867,7592,894,5872,957,8311,860,9111,695,3351,405,5381,276,6131,316,0041,030,391953,609856,000662,2051,492,0931,568,5741,616,34261,337,600
   > Total Current Liabilities 
43,055,800
1,264,812
1,201,688
1,072,420
481,060
651,020
774,630
836,126
1,012,377
998,642
1,007,613
1,114,949
1,240,293
1,950,560
1,894,519
1,877,181
1,850,668
2,115,036
2,300,538
2,005,194
2,154,792
3,201,783
3,201,7832,154,7922,005,1942,300,5382,115,0361,850,6681,877,1811,894,5191,950,5601,240,2931,114,9491,007,613998,6421,012,377836,126774,630651,020481,0601,072,4201,201,6881,264,81243,055,800
       Short-term Debt 
0
0
0
0
0
114,430
151,182
0
110,774
94,753
0
124,268
181,473
407,357
206,671
110,558
154,522
224,456
350,296
270,366
412,649
29,899
29,899412,649270,366350,296224,456154,522110,558206,671407,357181,473124,268094,753110,7740151,182114,43000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
1,051,393
164,307
103,017
106,414
216,536
341,972
233,992
412,649
29,899
29,899412,649233,992341,972216,536106,414103,017164,3071,051,3930000000000000
       Accounts payable 
6,363,200
190,603
210,596
198,189
276,187
367,115
370,042
93,189
542,630
548,172
139,663
635,159
689,475
1,045,907
1,099,309
1,184,886
1,138,288
1,276,446
1,410,944
1,221,466
1,178,012
277,009
277,0091,178,0121,221,4661,410,9441,276,4461,138,2881,184,8861,099,3091,045,907689,475635,159139,663548,172542,63093,189370,042367,115276,187198,189210,596190,6036,363,200
       Other Current Liabilities 
33,056,000
982,447
890,078
750,068
124,455
169,475
253,406
742,937
358,973
355,717
867,950
355,522
369,345
497,296
588,539
581,737
557,858
614,134
494,755
469,284
488,848
2,886,575
2,886,575488,848469,284494,755614,134557,858581,737588,539497,296369,345355,522867,950355,717358,973742,937253,406169,475124,455750,068890,078982,44733,056,000
   > Long-term Liabilities 
0
0
0
0
0
204,980
178,979
194,265
303,627
277,971
397,925
580,386
620,618
1,007,271
1,000,068
990,578
941,074
875,532
913,562
1,347,128
1,177,743
142,190
142,1901,177,7431,347,128913,562875,532941,074990,5781,000,0681,007,271620,618580,386397,925277,971303,627194,265178,979204,98000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
704,113
670,684
650,471
686,372
1,139,901
0
0
001,139,901686,372650,471670,684704,113000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
-114,430
-151,182
0
-110,774
-94,753
0
-124,268
-181,473
-407,357
-206,671
-110,558
-55,448
-171,110
-303,970
-121,016
-298,727
3,930
3,930-298,727-121,016-303,970-171,110-55,448-110,558-206,671-407,357-181,473-124,2680-94,753-110,7740-151,182-114,43000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,645
4,497
5,725
10,651
32,287
38,267
38,26732,28710,6515,7254,4975,6450000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
99
1,772
6
5
256
325
155
42
37
3742155325256561,772990000000000000
> Total Stockholder Equity
4,875,100
133,250
135,337
153,026
160,210
190,449
265,463
311,648
347,185
413,343
466,061
501,702
532,419
1,193,153
1,313,627
1,423,277
1,521,559
1,641,904
1,720,878
1,748,703
1,787,113
1,936,335
1,936,3351,787,1131,748,7031,720,8781,641,9041,521,5591,423,2771,313,6271,193,153532,419501,702466,061413,343347,185311,648265,463190,449160,210153,026135,337133,2504,875,100
   Common Stock
756,900
19,000
19,000
19,000
19,000
19,000
21,375
21,375
21,375
21,375
21,375
21,375
21,375
41,330
41,330
41,330
41,330
41,330
41,330
41,330
41,330
41,330
41,33041,33041,33041,33041,33041,33041,33041,33041,33021,37521,37521,37521,37521,37521,37521,37519,00019,00019,00019,00019,000756,900
   Retained Earnings Total Equity0000000000000000000000
   Accumulated Other Comprehensive Income 00-2,328,350-2,168,366-1,946,096-1,659,325-1,605,249-1,482,963-1,500,261-750,494-684,337-644,474-594,872000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
800,008
800,008
800,008
800,008
800,008
0
0
00800,008800,008800,008800,008800,008000000000000000
   Treasury Stock0000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
21,426
59,470
53,693
35,022
650,035
703,682
737,577
801,526
2,293,960
2,266,370
2,380,184
2,425,027
2,706,127
2,924,146
3,039,937
686,377
710,905
710,905686,3773,039,9372,924,1462,706,1272,425,0272,380,1842,266,3702,293,960801,526737,577703,682650,03535,02253,69359,47021,42600000



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.




Income Statement

Currency in EUR. All numbers in thousands.