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Care Property Invest NV
Buy, Hold or Sell?

Let's analyze Care Property Invest NV together

I guess you are interested in Care Property Invest NV. 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 Care Property Invest NV. 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.

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1. Quick Overview

1.1. Quick analysis of Care Property Invest NV (30 sec.)










1.2. What can you expect buying and holding a share of Care Property Invest NV? (30 sec.)

How much money do you get?

How much money do you get?
€3.12
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
€17.25
Expected worth in 1 year
€25.33
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
€11.08
Return On Investment
97.2%

For what price can you sell your share?

Current Price per Share
€11.40
Expected price per share
€10.62 - €11.68
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Care Property Invest NV (5 min.)




Live pricePrice per Share (EOD)
€11.40
Intrinsic Value Per Share
€8.58 - €20.45
Total Value Per Share
€25.83 - €37.71

2.2. Growth of Care Property Invest NV (5 min.)




Is Care Property Invest NV growing?

Current yearPrevious yearGrowGrow %
How rich?$664.1m$586.3m$77.7m11.7%

How much money is Care Property Invest NV making?

Current yearPrevious yearGrowGrow %
Making money-$5.9m$92.2m-$98.2m-1,639.9%
Net Profit Margin-8.6%160.9%--

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

2.3. Financial Health of Care Property Invest NV (5 min.)




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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Care Property Invest NV?

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

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

Speculation

The Price per Share of Care Property Invest NV is €11.40. 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 Care Property Invest NV.
  • 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 Care Property Invest NV, 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 €17.25. Based on the TTM, the Book Value Change Per Share is €2.02 per quarter. Based on the YOY, the Book Value Change Per Share is €2.27 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 €0.75 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Care Property Invest NV.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps-0.16-1.4%-0.16-1.4%2.4921.9%1.079.3%0.686.0%
Usd Book Value Change Per Share2.1018.4%2.1018.4%2.3720.8%2.2920.1%1.5913.9%
Usd Dividend Per Share0.786.8%0.786.8%0.645.6%0.554.9%0.393.4%
Usd Total Gains Per Share2.8825.3%2.8825.3%3.0026.3%2.8525.0%1.9717.3%
Usd Price Per Share14.84-14.84-15.35-22.04-19.79-
Price to Earnings Ratio-91.61--91.61-6.15-2.85-6.17-
Price-to-Total Gains Ratio5.15-5.15-5.11-9.11-2.31-
Price to Book Ratio0.83-0.83-0.97-2.00-3.59-
Price-to-Total Gains Ratio5.15-5.15-5.11-9.11-2.31-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share11.86512
Number of shares84
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.780.55
Usd Book Value Change Per Share2.102.29
Usd Total Gains Per Share2.882.85
Gains per Quarter (84 shares)242.23239.28
Gains per Year (84 shares)968.91957.11
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1262707959186771947
25251413192837215421904
37872120289755823132861
410492827386674530843818
513113533483593138554775
6157442405804111746265732
7183649466773130353976689
8209856537742148961687646
9236163608711167569398603
10262370669680186177109560

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%8.02.00.080.0%13.03.00.081.3%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.01.00.090.0%12.04.00.075.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%16.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.01.00.090.0%14.02.00.087.5%
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3.2. Key Performance Indicators

The key performance indicators of Care Property Invest NV 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--2.0212.0210%2.275-11%2.205-8%1.525+32%
Book Value Per Share--17.25217.2520%15.231+13%12.527+38%8.220+110%
Current Ratio--0.0510.0510%0.046+10%0.065-21%0.418-88%
Debt To Asset Ratio--0.4770.4770%0.520-8%0.506-6%0.527-9%
Debt To Equity Ratio--0.9120.9120%1.085-16%1.029-11%1.145-20%
Dividend Per Share--0.7500.7500%0.611+23%0.532+41%0.370+103%
Enterprise Value---51814186.420-51814186.4200%-63187371.280+22%317266657.180-116%392135628.728-113%
Eps---0.156-0.1560%2.397-106%1.024-115%0.658-124%
Ev To Ebitda Ratio---0.978-0.9780%-0.797-19%8.540-111%19.796-105%
Ev To Sales Ratio---0.775-0.7750%-1.147+48%9.515-108%18.906-104%
Free Cash Flow Per Share--1.5911.5910%1.047+52%0.928+71%0.579+175%
Free Cash Flow To Equity Per Share--2.2572.2570%4.553-50%2.926-23%1.943+16%
Gross Profit Margin--1.0331.0330%0.997+4%1.002+3%1.002+3%
Intrinsic Value_10Y_max--20.454--------
Intrinsic Value_10Y_min--8.579--------
Intrinsic Value_1Y_max--1.308--------
Intrinsic Value_1Y_min--0.656--------
Intrinsic Value_3Y_max--4.496--------
Intrinsic Value_3Y_min--2.159--------
Intrinsic Value_5Y_max--8.365--------
Intrinsic Value_5Y_min--3.857--------
Market Cap421672320.000-25%527460758.580527460758.5800%545562606.720-3%783359257.380-33%703257004.818-25%
Net Profit Margin---0.086-0.0860%1.609-105%0.871-110%0.710-112%
Operating Margin--0.7870.7870%1.846-57%0.971-19%0.797-1%
Operating Ratio--0.5990.5990%0.234+156%0.285+110%0.240+149%
Pb Ratio0.661-25%0.8270.8270%0.968-15%2.002-59%3.590-77%
Pe Ratio-73.235+20%-91.608-91.6080%6.153-1589%2.849-3316%6.166-1586%
Price Per Share11.400-25%14.26014.2600%14.749-3%21.178-33%19.013-25%
Price To Free Cash Flow Ratio7.166-25%8.9648.9640%14.082-36%29.471-70%61.042-85%
Price To Total Gains Ratio4.115-25%5.1475.1470%5.112+1%9.109-43%2.311+123%
Quick Ratio--0.0240.0240%-0.046+296%0.360-93%1.209-98%
Return On Assets---0.005-0.0050%0.075-106%0.041-111%0.036-113%
Return On Equity---0.009-0.0090%0.157-106%0.086-111%0.074-112%
Total Gains Per Share--2.7712.7710%2.885-4%2.737+1%1.896+46%
Usd Book Value--664171421.114664171421.1140%586381323.452+13%482277543.670+38%316450407.517+110%
Usd Book Value Change Per Share--2.1032.1030%2.367-11%2.295-8%1.587+32%
Usd Book Value Per Share--17.95617.9560%15.853+13%13.038+38%8.555+110%
Usd Dividend Per Share--0.7810.7810%0.636+23%0.554+41%0.385+103%
Usd Enterprise Value---53928205.226-53928205.2260%-65765416.028+22%330211136.793-116%408134762.380-113%
Usd Eps---0.162-0.1620%2.495-106%1.066-115%0.685-124%
Usd Free Cash Flow--61240822.91661240822.9160%40321108.237+52%35711646.294+71%22276364.590+175%
Usd Free Cash Flow Per Share--1.6561.6560%1.090+52%0.965+71%0.602+175%
Usd Free Cash Flow To Equity Per Share--2.3492.3490%4.738-50%3.045-23%2.023+16%
Usd Market Cap438876550.656-25%548981157.530548981157.5300%567821561.074-3%815320315.081-33%731949890.615-25%
Usd Price Per Share11.865-25%14.84214.8420%15.351-3%22.042-33%19.788-25%
Usd Profit---5992732.811-5992732.8110%92281802.399-106%39422521.067-115%25320420.283-124%
Usd Revenue--69627084.52869627084.5280%57346834.162+21%48154561.418+45%33166691.085+110%
Usd Total Gains Per Share--2.8842.8840%3.003-4%2.849+1%1.973+46%
 EOD+3 -5MRQTTM+0 -0YOY+22 -185Y+18 -2210Y+23 -17

3.3 Fundamental Score

Let's check the fundamental score of Care Property Invest NV based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-73.235
Price to Book Ratio (EOD)Between0-10.661
Net Profit Margin (MRQ)Greater than0-0.086
Operating Margin (MRQ)Greater than00.787
Quick Ratio (MRQ)Greater than10.024
Current Ratio (MRQ)Greater than10.051
Debt to Asset Ratio (MRQ)Less than10.477
Debt to Equity Ratio (MRQ)Less than10.912
Return on Equity (MRQ)Greater than0.15-0.009
Return on Assets (MRQ)Greater than0.05-0.005
Total4/10 (40.0%)

3.4 Technical Score

Let's check the technical score of Care Property Invest NV based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5054.987
Ma 20Greater thanMa 5011.027
Ma 50Greater thanMa 10011.397
Ma 100Greater thanMa 20012.345
OpenGreater thanClose11.160
Total1/5 (20.0%)

4. In-depth Analysis

4.1 About Care Property Invest NV

Care Property Invest NV/SA is a Public Regulated Real Estate Company (public RREC) under Belgian law. The Company has been listed on Euronext Brussels for over 25 years and invests in high quality healthcare real estate for elderly and disabled people on the European market. Care Property Invest purchases, builds and renovates high-quality healthcare real estate (residential care centres, groups of assisted living apartments, residential complexes for people with a disability, etc.), fully tailored to the needs of the end user and then makes it available to solid healthcare operators on the basis of a long-term contract. The Company has developed an international portfolio of 150 healthcare projects, spread across Belgium, The Netherlands, Spain and Ireland. The market capitalisation of Care Property Invest amounted to approximately "460 million on 05/03/2024. The Company aims to create a stable share for its shareholders with a low risk profile and a stable and steadily growing dividend.

Fundamental data was last updated by Penke on 2025-02-05 08:00:11.

4.2 In-depth Summary

4.2.1. Financial Health Summary

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

4.2.2. Valuation Summary

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

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Care Property Invest NV earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Care Property Invest NV to the REIT - Healthcare Facilities industry mean.
  • A Net Profit Margin of -8.6% means that €-0.09 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Care Property Invest NV:

  • The MRQ is -8.6%. The company is making a loss. -1
  • The TTM is -8.6%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ-8.6%TTM-8.6%0.0%
TTM-8.6%YOY160.9%-169.5%
TTM-8.6%5Y87.1%-95.7%
5Y87.1%10Y71.0%+16.0%
4.3.1.2. Return on Assets

Shows how efficient Care Property Invest NV is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Care Property Invest NV to the REIT - Healthcare Facilities industry mean.
  • -0.5% Return on Assets means that Care Property Invest NV generated €0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Care Property Invest NV:

  • The MRQ is -0.5%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -0.5%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-0.5%TTM-0.5%0.0%
TTM-0.5%YOY7.5%-8.0%
TTM-0.5%5Y4.1%-4.6%
5Y4.1%10Y3.6%+0.6%
4.3.1.3. Return on Equity

Shows how efficient Care Property Invest NV is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Care Property Invest NV to the REIT - Healthcare Facilities industry mean.
  • -0.9% Return on Equity means Care Property Invest NV generated €-0.01 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Care Property Invest NV:

  • The MRQ is -0.9%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -0.9%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-0.9%TTM-0.9%0.0%
TTM-0.9%YOY15.7%-16.6%
TTM-0.9%5Y8.6%-9.5%
5Y8.6%10Y7.4%+1.2%
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4.3.2. Operating Efficiency of Care Property Invest NV.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Care Property Invest NV is operating .

  • Measures how much profit Care Property Invest NV 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 Care Property Invest NV to the REIT - Healthcare Facilities industry mean.
  • An Operating Margin of 78.7% means the company generated €0.79  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Care Property Invest NV:

  • The MRQ is 78.7%. The company is operating very efficient. +2
  • The TTM is 78.7%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ78.7%TTM78.7%0.0%
TTM78.7%YOY184.6%-105.9%
TTM78.7%5Y97.1%-18.4%
5Y97.1%10Y79.7%+17.4%
4.3.2.2. Operating Ratio

Measures how efficient Care Property Invest NV is keeping operating costs low.

  • Below 1 is considered healthy (always compare to REIT - Healthcare Facilities industry mean).
  • An Operation Ratio of 0.60 means that the operating costs are €0.60 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Care Property Invest NV:

  • The MRQ is 0.599. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.599. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.599TTM0.5990.000
TTM0.599YOY0.234+0.365
TTM0.5995Y0.285+0.314
5Y0.28510Y0.240+0.045
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4.4.3. Liquidity of Care Property Invest NV.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Care Property Invest NV is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to REIT - Healthcare Facilities industry mean).
  • A Current Ratio of 0.05 means the company has €0.05 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Care Property Invest NV:

  • The MRQ is 0.051. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.051. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.051TTM0.0510.000
TTM0.051YOY0.046+0.005
TTM0.0515Y0.065-0.014
5Y0.06510Y0.418-0.353
4.4.3.2. Quick Ratio

Measures if Care Property Invest NV is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Care Property Invest NV to the REIT - Healthcare Facilities industry mean.
  • A Quick Ratio of 0.02 means the company can pay off €0.02 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Care Property Invest NV:

  • The MRQ is 0.024. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.024. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.024TTM0.0240.000
TTM0.024YOY-0.046+0.070
TTM0.0245Y0.360-0.336
5Y0.36010Y1.209-0.849
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4.5.4. Solvency of Care Property Invest NV.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Care Property Invest NV assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Care Property Invest NV to REIT - Healthcare Facilities industry mean.
  • A Debt to Asset Ratio of 0.48 means that Care Property Invest NV assets are financed with 47.7% credit (debt) and the remaining percentage (100% - 47.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Care Property Invest NV:

  • The MRQ is 0.477. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.477. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.477TTM0.4770.000
TTM0.477YOY0.520-0.043
TTM0.4775Y0.506-0.029
5Y0.50610Y0.527-0.020
4.5.4.2. Debt to Equity Ratio

Measures if Care Property Invest NV is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Care Property Invest NV to the REIT - Healthcare Facilities industry mean.
  • A Debt to Equity ratio of 91.2% means that company has €0.91 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Care Property Invest NV:

  • The MRQ is 0.912. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.912. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.912TTM0.9120.000
TTM0.912YOY1.085-0.173
TTM0.9125Y1.029-0.118
5Y1.02910Y1.145-0.116
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Care Property Invest NV generates.

  • Above 15 is considered overpriced but always compare Care Property Invest NV to the REIT - Healthcare Facilities industry mean.
  • A PE ratio of -91.61 means the investor is paying €-91.61 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Care Property Invest NV:

  • The EOD is -73.235. Based on the earnings, the company is expensive. -2
  • The MRQ is -91.608. Based on the earnings, the company is expensive. -2
  • The TTM is -91.608. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-73.235MRQ-91.608+18.373
MRQ-91.608TTM-91.6080.000
TTM-91.608YOY6.153-97.761
TTM-91.6085Y2.849-94.456
5Y2.84910Y6.166-3.318
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Care Property Invest NV:

  • The EOD is 7.166. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 8.964. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 8.964. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD7.166MRQ8.964-1.798
MRQ8.964TTM8.9640.000
TTM8.964YOY14.082-5.118
TTM8.9645Y29.471-20.506
5Y29.47110Y61.042-31.572
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Care Property Invest NV is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to REIT - Healthcare Facilities industry mean).
  • A PB ratio of 0.83 means the investor is paying €0.83 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Care Property Invest NV:

  • The EOD is 0.661. Based on the equity, the company is cheap. +2
  • The MRQ is 0.827. Based on the equity, the company is cheap. +2
  • The TTM is 0.827. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.661MRQ0.827-0.166
MRQ0.827TTM0.8270.000
TTM0.827YOY0.968-0.142
TTM0.8275Y2.002-1.175
5Y2.00210Y3.590-1.589
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Reversals in quarterly reports

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

 2019-12-312020-12-312021-12-312022-12-312023-12-31
Income before Tax  26,535-6,58419,95140,23060,18129,28789,468-97,695-8,227
Net Income  26,959-7,09519,86539,79059,65529,00988,664-94,422-5,758



6.2. Latest Balance Sheet

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

Summary
Total Assets1,219,910
Total Liabilities581,774
Total Stockholder Equity638,135
 As reported
Total Liabilities 581,774
Total Stockholder Equity+ 638,135
Total Assets = 1,219,910

Assets

Total Assets1,219,910
Total Current Assets21,156
Long-term Assets1,198,754
Total Current Assets
Cash And Cash Equivalents 2,499
Net Receivables 7,333
Other Current Assets 11,323
Total Current Assets  (as reported)21,156
Total Current Assets  (calculated)21,156
+/-0
Long-term Assets
Property Plant Equipment 4,775
Intangible Assets 87
Long-term Assets Other 1,189,602
Long-term Assets  (as reported)1,198,754
Long-term Assets  (calculated)1,194,465
+/- 4,289

Liabilities & Shareholders' Equity

Total Current Liabilities414,257
Long-term Liabilities167,517
Total Stockholder Equity638,135
Total Current Liabilities
Short-term Debt 396,809
Short Long Term Debt 396,809
Accounts payable 6,080
Other Current Liabilities 5,527
Total Current Liabilities  (as reported)414,257
Total Current Liabilities  (calculated)805,226
+/- 390,968
Long-term Liabilities
Long term Debt 146,408
Capital Lease Obligations 2,227
Long-term Liabilities Other 0
Long-term Liabilities  (as reported)167,517
Long-term Liabilities  (calculated)148,634
+/- 18,883
Total Stockholder Equity
Common Stock220,065
Retained Earnings 24,580
Accumulated Other Comprehensive Income 94,139
Other Stockholders Equity 299,352
Total Stockholder Equity (as reported)638,135
Total Stockholder Equity (calculated)638,135
+/-0
Other
Capital Stock220,065
Cash and Short Term Investments 2,499
Common Stock Shares Outstanding 36,989
Current Deferred Revenue2,650
Liabilities and Stockholders Equity 1,219,910
Net Debt 542,944
Net Invested Capital 1,181,353
Net Working Capital -393,101
Property Plant and Equipment Gross 6,109
Short Long Term Debt Total 545,444



6.3. Balance Sheets Structured

Currency in EUR. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-31
> Total Assets 
105,661
115,714
124,506
158,289
169,987
173,735
183,210
230,278
263,015
384,113
473,637
572,878
749,217
945,316
1,174,516
1,219,910
1,219,9101,174,516945,316749,217572,878473,637384,113263,015230,278183,210173,735169,987158,289124,506115,714105,661
   > Total Current Assets 
334
4,993
2,013
5,743
1,787
6,102
9,599
8,980
4,722
6,328
6,359
5,978
9,732
18,151
18,310
21,156
21,15618,31018,1519,7325,9786,3596,3284,7228,9809,5996,1021,7875,7432,0134,993334
       Cash And Cash Equivalents 
44
4,788
1,699
5,394
1,246
5,689
9,317
8,548
3,657
5,641
2,746
3,347
3,752
2,545
2,371
2,499
2,4992,3712,5453,7523,3472,7465,6413,6578,5489,3175,6891,2465,3941,6994,78844
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
473,813
0
0
-2,683
-26,778
0
0-26,778-2,68300473,8130000000000
       Net Receivables 
0
0
0
0
260
137
111
70
770
605
3,546
201,221
2,460
4,514
6,022
7,333
7,3336,0224,5142,460201,2213,546605770701111372600000
       Other Current Assets 
290
205
315
349
0
413
1
85
85
22
3,613
-204,568
3,520
11,091
9,917
11,323
11,3239,91711,0913,520-204,5683,61322858514130349315205290
   > Long-term Assets 
105,327
110,721
122,493
152,546
168,200
167,633
173,610
221,298
258,293
377,786
467,278
566,900
739,485
927,165
1,156,206
1,198,754
1,198,7541,156,206927,165739,485566,900467,278377,786258,293221,298173,610167,633168,200152,546122,493110,721105,327
       Property Plant Equipment 
11
17
6,741
21,522
7,593
4,982
1,814
2,072
4,465
4,978
9,124
9,910
2,271
4,740
4,982
4,775
4,7754,9824,7402,2719,9109,1244,9784,4652,0721,8144,9827,59321,5226,7411711
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
6
0
633
0
0
0
0
000063306000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
145
174
158
123
92
87
87921231581741450000000000
       Long-term Assets Other 
105,316
110,704
115,752
131,024
160,607
162,651
171,796
219,226
253,828
372,807
458,009
556,816
736,877
922,303
1,123,028
1,189,602
1,189,6021,123,028922,303736,877556,816458,009372,807253,828219,226171,796162,651160,607131,024115,752110,704105,316
> Total Liabilities 
29,255
37,993
48,027
88,361
102,926
99,778
117,183
129,978
154,316
165,956
243,226
306,587
379,437
466,058
611,121
581,774
581,774611,121466,058379,437306,587243,226165,956154,316129,978117,18399,778102,92688,36148,02737,99329,255
   > Total Current Liabilities 
6,507
2,361
4,496
22,369
5,602
4,566
7,167
5,875
29,247
8,545
72,431
116,745
141,839
169,801
396,173
414,257
414,257396,173169,801141,839116,74572,4318,54529,2475,8757,1674,5665,60222,3694,4962,3616,507
       Short-term Debt 
4,245
0
0
16,100
0
95,211
110,016
719
20,499
2,307
67,023
108,885
125,266
151,221
376,762
396,809
396,809376,762151,221125,266108,88567,0232,30720,499719110,01695,211016,100004,245
       Short Long Term Debt 
0
0
0
0
0
95,211
110,016
120,292
20,499
2,307
67,023
108,885
125,266
151,221
376,762
396,809
396,809376,762151,221125,266108,88567,0232,30720,499120,292110,01695,21100000
       Accounts payable 
1,262
1,442
4,097
5,515
4,843
930
3,090
3,997
3,479
2,980
3,678
3,049
10,135
9,305
11,194
6,080
6,08011,1949,30510,1353,0493,6782,9803,4793,9973,0909304,8435,5154,0971,4421,262
       Other Current Liabilities 
2,262
2,361
398
148
759
3,637
4,076
1,159
25
6
250
2,478
4,476
6,335
4,001
5,527
5,5274,0016,3354,4762,4782506251,1594,0763,6377591483982,3612,262
   > Long-term Liabilities 
22,748
35,632
43,531
65,992
97,323
95,211
110,016
124,104
125,069
157,411
170,795
189,842
237,598
296,257
214,948
167,517
167,517214,948296,257237,598189,842170,795157,411125,069124,104110,01695,21197,32365,99243,53135,63222,748
       Long term Debt Total 
0
0
0
0
0
0
0
100,264
102,522
127,896
145,065
165,000
0
0
0
0
0000165,000145,065127,896102,522100,2640000000
       Long term Debt 
18,081
31,517
37,150
53,090
80,970
83,270
87,860
100,264
102,522
127,896
145,065
165,000
205,399
274,600
206,542
146,408
146,408206,542274,600205,399165,000145,065127,896102,522100,26487,86083,27080,97053,09037,15031,51718,081
       Capital Lease Obligations 
0
0
0
0
0
0
0
0
0
0
0
1,764
1,782
1,993
1,971
2,227
2,2271,9711,9931,7821,76400000000000
       Other Liabilities 
5,667
5,034
6,781
13,657
17,112
12,481
22,795
4,530
1,084
10,101
6,173
3
2,441
169
1,438
0
01,4381692,44136,17310,1011,0844,53022,79512,48117,11213,6576,7815,0345,667
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
1,764
0
0
0
0
00001,76400000000000
> Total Stockholder Equity
76,406
77,721
76,479
69,927
67,062
73,958
66,027
100,300
108,699
218,157
230,411
266,291
369,779
479,259
563,395
638,135
638,135563,395479,259369,779266,291230,411218,157108,699100,30066,02773,95867,06269,92776,47977,72176,406
   Common Stock
60,744
60,744
60,744
60,744
60,744
60,744
61,633
78,442
78,442
114,961
114,961
121,339
143,443
160,227
165,049
220,065
220,065165,049160,227143,443121,339114,961114,96178,44278,44261,63360,74460,74460,74460,74460,74460,744
   Retained Earnings 
15,662
16,977
3,914
-1,396
2,290
12,511
-3,306
4,546
7,895
14,288
23,002
26,520
19,865
59,655
88,664
24,580
24,58088,66459,65519,86526,52023,00214,2887,8954,546-3,30612,5112,290-1,3963,91416,97715,662
   Capital Surplus 
0
0
0
0
0
0
0
20,593
20,593
87,551
87,551
104,175
0
0
0
0
0000104,17587,55187,55120,59320,5930000000
   Treasury Stock0000-168000-241-273000000
   Other Stockholders Equity 
0
0
11,821
10,579
4,128
916
7,699
17,311
22,361
89,210
92,815
118,433
201,428
232,768
246,128
299,352
299,352246,128232,768201,428118,43392,81589,21022,36117,3117,6999164,12810,57911,82100



6.4. Balance Sheets

Currency in EUR. All numbers in thousands.




6.5. Cash Flows

Currency in EUR. All numbers in thousands.




6.6. Income Statements

Currency in EUR. All numbers in thousands.