FS Bancorp Inc
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Let's analyse FS Bancorp Inc together

Penke I guess you are interested in FS Bancorp Inc. 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 FS Bancorp Inc. 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 FS Bancorp Inc (30 sec.)

What can you expect buying and holding a share of FS Bancorp Inc? (30 sec.)

How much money do you get?

$0.99

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$33.88

Expected worth in 1 year

$38.08

How sure are you?

90.0%

+ What do you gain per year?

Total Gains per Share

$5.20

Return On Investment

16.5%

For what price can you sell your share?

Current Price per Share

$31.44

Expected price per share

$30.11 - $34.50

How sure are you?

50%

1. Valuation of FS Bancorp Inc (5 min.)

Live pricePrice per Share (EOD)

$31.44

Book Value per Share

$33.88

Intrinsic Value Per Share

$-270.34 - $152.55

Total Value Per Share

$-236.46 - $186.43

My calculation of the intrinsic value of FS Bancorp Inc 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: ($1.10) 3Y: ($3.71) TTM: ($2.35)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.04) 3Y: ($-0.54) TTM: ($-0.33)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-0.97	$14.94	$-4.30 - $15.44
2	$-9.78	$29.99	$-12.98 - $16.02
3	$-25.55	$45.15	$-21.67 - $16.60
4	$-47.46	$60.38	$-30.35 - $17.18
5	$-74.76	$75.68	$-39.04 - $17.76
6	$-106.78	$91.02	$-47.72 - $18.34
7	$-142.88	$106.39	$-56.41 - $18.92
8	$-182.51	$121.78	$-65.09 - $19.50
9	$-225.16	$137.17	$-73.77 - $20.08
10	$-270.34	$152.55	$-82.46 - $20.66

2. Growth of FS Bancorp Inc (5 min.)

Is FS Bancorp Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$264.4m	$227.7m	$24m	9.5%

How much money is FS Bancorp Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$9m	$7.3m	$1.7m	18.9%
Net Profit Margin	22.3%	24.4%	-	-

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

Quarterly Yearly

3. Financial Health of FS Bancorp Inc (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

What can you expect buying and holding a share of FS Bancorp Inc? (5 min.)

Welcome investor! FS Bancorp Inc's management wants to use your money to grow the business. In return you get a share of FS Bancorp Inc.

What can you expect buying and holding a share of FS Bancorp Inc?

First you should know what it really means to hold a share of FS Bancorp Inc. And how you can make/lose money.

Speculation

The Price per Share of FS Bancorp Inc is $31.44. 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 FS Bancorp Inc.
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 FS Bancorp Inc, 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 $33.88. Based on the TTM, the Book Value Change Per Share is $1.05 per quarter. Based on the YOY, the Book Value Change Per Share is $0.04 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 $0.25 per quarter.

Based on historical numbers we can estimate the returns while holding a share of FS Bancorp Inc.

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	1.25	4.0%	1.15	3.7%	0.93	3.0%	0.99	3.1%	0.69	2.2%
Usd Book Value Change Per Share	1.77	5.6%	1.05	3.3%	0.04	0.1%	0.61	1.9%	0.65	2.1%
Usd Dividend Per Share	0.25	0.8%	0.25	0.8%	0.22	0.7%	0.16	0.5%	0.10	0.3%
Usd Total Gains Per Share	2.02	6.4%	1.30	4.1%	0.26	0.8%	0.76	2.4%	0.75	2.4%
Usd Price Per Share	36.96	-	31.64	-	30.10	-	42.13	-	38.04	-
Price to Earnings Ratio	7.38	-	6.84	-	8.17	-	11.89	-	18.19	-
Price-to-Total Gains Ratio	18.29	-	36.81	-	162.71	-	79.12	-	-2,386.98	-
Price to Book Ratio	1.09	-	0.98	-	1.05	-	1.63	-	2.22	-
Price-to-Total Gains Ratio	18.29	-	36.81	-	162.71	-	79.12	-	-2,386.98	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	31.44
Number of shares	31

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.25	0.16
Usd Book Value Change Per Share	1.05	0.61
Usd Total Gains Per Share	1.30	0.76
Gains per Quarter (31 shares)	40.27	23.70
Gains per Year (31 shares)	161.06	94.81

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	31	130	151	20	75	85
2	62	260	312	39	151	180
3	93	391	473	59	226	275
4	123	521	634	78	301	370
5	154	651	795	98	376	465
6	185	781	956	117	452	560
7	216	912	1117	137	527	655
8	247	1042	1278	156	602	750
9	278	1172	1439	176	677	845
10	308	1302	1600	196	753	940

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	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%	53.0	1.0	0.0	98.1%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	10.0	2.0	0.0	83.3%	17.0	3.0	0.0	85.0%	35.0	5.0	0.0	87.5%	45.0	6.0	3.0	83.3%
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%	43.0	0.0	11.0	79.6%
Total Gains per Share	4.0	0.0	0.0	100.0%	11.0	1.0	0.0	91.7%	18.0	2.0	0.0	90.0%	36.0	4.0	0.0	90.0%	46.0	5.0	3.0	85.2%

Fundamentals of FS Bancorp Inc

About FS Bancorp Inc

https://www.fsbwa.com
Banks - Regional
573
6920 220th Street SW, Mountlake Terrace, WA, United States, 98043
Google Maps Bing Maps

FS Bancorp, Inc. operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry niches. The company operates in two segments, Commercial and Consumer Banking; and Home Lending. It offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposit. The company provides one-to-four-family residential first mortgages, second mortgage/home equity loan products, non-mortgage commercial business loans, commercial real estate loans, and construction and development loans, as well as consumer loans, which primarily include personal lines of credit, credit cards, automobile, direct home improvement, loans on deposit, and recreational loans. It operates full bank service branches and home loan production offices in suburban communities in the greater Puget Sound area, including Snohomish, King, Pierce, Jefferson, Kitsap, Clallam, Grays Harbor, and Thurston counties; and a loan production office in the market area of the Tri-Cities. FS Bancorp, Inc. was founded in 1936 and is headquartered in Mountlake Terrace, Washington.

Fundamental data was last updated by Penke on 2024-04-11 08:20:04.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge 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 very efficient.
The company is very efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is very able to pay all its short-term debts.
The company is very 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 cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of FS Bancorp Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit FS Bancorp Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare FS Bancorp Inc to the Banks - Regional industry mean.
A Net Profit Margin of 19.5% means that $0.20 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of FS Bancorp Inc:

The MRQ is 19.5%. The company is making a huge profit. +2
The TTM is 22.3%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	19.5%	TTM	22.3%	-2.8%
TTM	22.3%	YOY	24.4%	-2.1%
TTM	22.3%	5Y	26.5%	-4.2%
5Y	26.5%	10Y	24.3%	+2.2%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	19.5%	18.4%	+1.1%
TTM	22.3%	28.0%	-5.7%
YOY	24.4%	25.2%	-0.8%
5Y	26.5%	22.8%	+3.7%
10Y	24.3%	19.8%	+4.5%

Measures how much net profit FS Bancorp Inc earns for each $1 of revenue.

Revenue is the amount of profit FS Bancorp Inc 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 FS Bancorp Inc 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 FS Bancorp Inc to the Banks - Regional industry mean.
Can be used to compare companies within the Banks - Regional industry.

You typically want a high profit margin. This means that for each $1 in sales, FS Bancorp Inc makes more profit. This shows the investor how efficiently FS Bancorp Inc is operating in general and compared to other companies in the same industry. FS Bancorp Inc operates in the Banks - Regional industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of FS Bancorp Inc. If profit margins remain low (compared to the Banks - Regional 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 FS Bancorp Inc is 0.20. This means that FS Bancorp Inc earned $0.20 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 Banks - Regional industry is 18.4%.
What is the trend?
The trend is important because it shows you how FS Bancorp Inc is performing over time. The most recent quarter might be important if FS Bancorp Inc 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 FS Bancorp Inc 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 FS Bancorp Inc with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when FS Bancorp Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of FS Bancorp Inc 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 FS Bancorp Inc

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 FS Bancorp Inc = 9,772
Total revenue MRQ FS Bancorp Inc = 49,999
$9,772 / $49,999 = 0.20 or 19.5%

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 FS Bancorp Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare FS Bancorp Inc to the Banks - Regional industry mean.
0.3% Return on Assets means that FS Bancorp Inc generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of FS Bancorp Inc:

The MRQ is 0.3%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.3%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.3%	TTM	0.3%	+0.0%
TTM	0.3%	YOY	0.3%	+0.0%
TTM	0.3%	5Y	0.4%	-0.1%
5Y	0.4%	10Y	0.4%	+0.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.3%	0.1%	+0.2%
TTM	0.3%	0.2%	+0.1%
YOY	0.3%	0.2%	+0.1%
5Y	0.4%	0.2%	+0.2%
10Y	0.4%	0.2%	+0.2%

Shows how efficient FS Bancorp Inc 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 FS Bancorp Inc to the Banks - Regional 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 FS Bancorp Inc is using its resources to generate profit. If the return on assets (0.3%) from FS Bancorp Inc are higher than the Banks - Regional mean (0.1%) that means FS Bancorp Inc 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 FS Bancorp Inc is 0.3%. 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 Banks - Regional industry is 0.1%.
What is the trend?
The trend is important because it shows you how FS Bancorp Inc is performing over time. The most recent quarter might be important if FS Bancorp Inc 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 FS Bancorp Inc 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 FS Bancorp Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from FS Bancorp Inc = 9,772
Total assets MRQ (balance sheet) from FS Bancorp Inc = 2,982,997
9,772 / 2,982,997 = 0.00 or 0.3%

ROA is an important ratio as it will tell you how effectively FS Bancorp Inc 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 FS Bancorp Inc is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare FS Bancorp Inc to the Banks - Regional industry mean.
3.7% Return on Equity means FS Bancorp Inc generated $0.04 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of FS Bancorp Inc:

The MRQ is 3.7%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 3.6%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	3.7%	TTM	3.6%	+0.1%
TTM	3.6%	YOY	3.2%	+0.4%
TTM	3.6%	5Y	3.6%	0.0%
5Y	3.6%	10Y	3.4%	+0.2%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	3.7%	1.4%	+2.3%
TTM	3.6%	2.5%	+1.1%
YOY	3.2%	2.7%	+0.5%
5Y	3.6%	2.5%	+1.1%
10Y	3.4%	2.8%	+0.6%

Shows how efficient FS Bancorp Inc 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 FS Bancorp Inc to the Banks - Regional 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 Banks - Regional 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 FS Bancorp Inc is 3.7%. This means FS Bancorp Inc generated $0.04 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks - Regional industry is 1.4%.
What is the trend?
The trend is important because it shows you how FS Bancorp Inc is performing over time. The most recent quarter might be important if FS Bancorp Inc 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 FS Bancorp Inc up to 10 years back (depending if FS Bancorp Inc 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 FS Bancorp Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) FS Bancorp Inc = 9,772
Shareholders equity (balance sheet) MRQ FS Bancorp Inc = 264,488
9,772 / 264,488 = 0.04 or 3.7%

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 FS Bancorp Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient FS Bancorp Inc is operating .

Measures how much profit FS Bancorp Inc 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 FS Bancorp Inc to the Banks - Regional industry mean.
An Operating Margin of -4.2% means the company generated $-0.04 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of FS Bancorp Inc:

The MRQ is -4.2%. The company is operating very inefficient. -2
The TTM is 25.2%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	-4.2%	TTM	25.2%	-29.4%
TTM	25.2%	YOY	51.7%	-26.5%
TTM	25.2%	5Y	51.6%	-26.4%
5Y	51.6%	10Y	48.2%	+3.5%

Measures how efficient FS Bancorp Inc 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 FS Bancorp Inc to the Banks - Regional 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 FS Bancorp Inc 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 FS Bancorp Inc is -4.2%. This means that FS Bancorp Inc 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 Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how FS Bancorp Inc is performing over time. The most recent quarter might be important if FS Bancorp Inc 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 FS Bancorp Inc 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 FS Bancorp Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ FS Bancorp Inc = 13,616
Total revenue MRQ FS Bancorp Inc = 49,999
$13,616 / $49,999 = -0.04 or -4.2%

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 FS Bancorp Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of 0.16 means that the operating costs are $0.16 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of FS Bancorp Inc:

The MRQ is 0.162. The company is very efficient in keeping operating costs low. +2
The TTM is 0.022. The company is very efficient in keeping operating costs low. +2

Trends

Current period		Compared to		+/-
MRQ	0.162	TTM	0.022	+0.140
TTM	0.022	YOY	0.042	-0.020
TTM	0.022	5Y	0.045	-0.023
5Y	0.045	10Y	0.133	-0.089

Measures how efficient FS Bancorp Inc 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 FS Bancorp Inc to the Banks - Regional 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 FS Bancorp Inc is 16.2%. This means that FS Bancorp Inc earned $0.16 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 Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how FS Bancorp Inc is performing over time. The most recent quarter might be important if FS Bancorp Inc 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 FS Bancorp Inc 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 FS Bancorp Inc

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
(0 +8,083) \ 49,999 = 0.16

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 FS Bancorp Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if FS Bancorp Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
A Current Ratio of 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 FS Bancorp Inc:

The MRQ is 0.051. The company is unable to pay all its short-term debts. -2
The TTM is 259.785. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	0.051	TTM	259.785	-259.735
TTM	259.785	YOY	195.920	+63.866
TTM	259.785	5Y	253.237	+6.548
5Y	253.237	10Y	132.279	+120.958

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	259.785	0.124	+259.661
YOY	195.920	0.225	+195.695
5Y	253.237	0.219	+253.018
10Y	132.279	0.131	+132.148

Measures if FS Bancorp Inc 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 Banks - Regional 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 FS Bancorp Inc 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 FS Bancorp Inc is 0.05. This means FS Bancorp Inc has $0.05 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how FS Bancorp Inc is performing over time. The most recent quarter might be important if FS Bancorp Inc 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 FS Bancorp Inc 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 FS Bancorp Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
103,863 \ 2,052,221) = 0.05

The current ratio measures if FS Bancorp Inc 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 FS Bancorp Inc 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 FS Bancorp Inc 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 FS Bancorp Inc 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 FS Bancorp Inc is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare FS Bancorp Inc to the Banks - Regional 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 FS Bancorp Inc:

The MRQ is 0.141. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 50.412. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.141	TTM	50.412	-50.271
TTM	50.412	YOY	76.113	-25.701
TTM	50.412	5Y	65.618	-15.206
5Y	65.618	10Y	34.162	+31.456

Measures if FS Bancorp Inc 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 FS Bancorp Inc to the Banks - Regional 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 FS Bancorp Inc can pay off its short term debts. This shows if FS Bancorp Inc 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 FS Bancorp Inc is 0.14. This means that FS Bancorp Inc can pay off $0.14 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how FS Bancorp Inc is performing over time. The most recent quarter might be important if FS Bancorp Inc 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 FS Bancorp Inc 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 FS Bancorp Inc

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 FS Bancorp Inc: (-17,083 + 292,933 +14,005) / 2,052,221 = 0.14

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 FS Bancorp Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of FS Bancorp Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare FS Bancorp Inc to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.91 means that FS Bancorp Inc assets are financed with 91.1% credit (debt) and the remaining percentage (100% - 91.1%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of FS Bancorp Inc:

The MRQ is 0.911. The company is just able to pay all its debts by selling its assets.
The TTM is 0.913. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.911	TTM	0.913	-0.002
TTM	0.913	YOY	0.908	+0.005
TTM	0.913	5Y	0.898	+0.015
5Y	0.898	10Y	0.891	+0.007

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.911	0.915	-0.004
TTM	0.913	0.917	-0.004
YOY	0.908	0.919	-0.011
5Y	0.898	0.919	-0.021
10Y	0.891	0.927	-0.036

Measures how much % of FS Bancorp Inc assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake FS Bancorp Inc than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare FS Bancorp Inc to Banks - Regional 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 FS Bancorp Inc is 0.91. This means means that FS Bancorp Inc is financed with 91.1% 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 Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how FS Bancorp Inc is performing over time. The most recent quarter might be important if FS Bancorp Inc 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 FS Bancorp Inc 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 FS Bancorp Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example FS Bancorp Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
2,718,509 \ 2,982,997 = 91.1% or 0.91.

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 FS Bancorp Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare FS Bancorp Inc to the Banks - Regional industry mean.
A Debt to Equity ratio of 1,027.8% means that company has $10.28 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of FS Bancorp Inc:

The MRQ is 10.278. The company is unable to pay all its debts with equity. -1
The TTM is 10.515. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	10.278	TTM	10.515	-0.237
TTM	10.515	YOY	9.951	+0.564
TTM	10.515	5Y	8.932	+1.583
5Y	8.932	10Y	8.382	+0.550

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	10.278	10.829	-0.551
TTM	10.515	11.013	-0.498
YOY	9.951	11.363	-1.412
5Y	8.932	11.437	-2.505
10Y	8.382	13.038	-4.656

Measures if FS Bancorp Inc 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 FS Bancorp Inc 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 FS Bancorp Inc is 10.28. This means that FS Bancorp Inc can pay off $10.28 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.83.
What is the trend?
The trend is important because it shows you how FS Bancorp Inc is performing over time. The most recent quarter might be important if FS Bancorp Inc 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 FS Bancorp Inc 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 FS Bancorp Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
2,718,509 \ 264,488 = 10.28 or 1,027.8%

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 FS Bancorp Inc

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 FS Bancorp Inc generates.

Above 15 is considered overpriced but always compare FS Bancorp Inc to the Banks - Regional industry mean.
A PE ratio of 7.38 means the investor is paying $7.38 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of FS Bancorp Inc:

The EOD is 6.279. Based on the earnings, the company is cheap. +2
The MRQ is 7.381. Based on the earnings, the company is cheap. +2
The TTM is 6.845. Based on the earnings, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	6.279	MRQ	7.381	-1.102
MRQ	7.381	TTM	6.845	+0.536
TTM	6.845	YOY	8.167	-1.322
TTM	6.845	5Y	11.888	-5.043
5Y	11.888	10Y	18.190	-6.302

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	6.279	7.548	-1.269
MRQ	7.381	6.680	+0.701
TTM	6.845	5.295	+1.550
YOY	8.167	6.943	+1.224
5Y	11.888	9.770	+2.118
10Y	18.190	9.943	+8.247

Measures how much money you pay for each share for every $1 in earnings FS Bancorp Inc 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 FS Bancorp Inc to the Banks - Regional 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 FS Bancorp Inc is 7.38. This means the investor is paying $7.38 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 6.68.
What is the trend?
The trend is important because it shows you how FS Bancorp Inc is performing over time. The most recent quarter might be important if FS Bancorp Inc 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 FS Bancorp Inc 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 FS Bancorp Inc

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 \ 7,795 = EPS
PE ratio MRQ = 7.38

* 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 FS Bancorp Inc:

The EOD is 6.265. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 7.365. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 3.938. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	6.265	MRQ	7.365	-1.100
MRQ	7.365	TTM	3.938	+3.427
TTM	3.938	YOY	1.820	+2.118
TTM	3.938	5Y	8.162	-4.224
5Y	8.162	10Y	4.274	+3.888

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	6.265	-2.110	+8.375
MRQ	7.365	-1.868	+9.233
TTM	3.938	-0.342	+4.280
YOY	1.820	6.448	-4.628
5Y	8.162	0.429	+7.733
10Y	4.274	0.091	+4.183

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 1.09 means the investor is paying $1.09 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of FS Bancorp Inc:

The EOD is 0.928. Based on the equity, the company is cheap. +2
The MRQ is 1.091. Based on the equity, the company is underpriced. +1
The TTM is 0.979. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.928	MRQ	1.091	-0.163
MRQ	1.091	TTM	0.979	+0.111
TTM	0.979	YOY	1.050	-0.071
TTM	0.979	5Y	1.626	-0.647
5Y	1.626	10Y	2.225	-0.599

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	0.928	0.436	+0.492
MRQ	1.091	0.386	+0.705
TTM	0.979	0.470	+0.509
YOY	1.050	0.642	+0.408
5Y	1.626	0.795	+0.831
10Y	2.225	1.025	+1.200

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of FS Bancorp Inc.

3.1. Institutions holding FS Bancorp Inc

Institutions are holding 64.757% of the shares of FS Bancorp Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	T. Rowe Price Investment Management,Inc.	12.7063	0.0235	978184	2171	0.2224
2023-12-31	BlackRock Inc	6.104	0.0004	469908	49840	11.8647
2023-09-30	Vanguard Group Inc	5.1785	0.0003	398660	657	0.1651
2023-12-31	Dimensional Fund Advisors, Inc.	4.9827	0.0041	383591	8281	2.2064
2023-09-30	TCW Group Inc	3.6628	0.1045	281979	23035	8.8957
2023-12-31	Pacific Ridge Capital Partners, LLC	3.4723	2.0066	267313	-3410	-1.2596
2023-09-30	AllianceBernstein L.P.	3.2372	0.0031	249211	0	0
2023-09-30	Geode Capital Management, LLC	1.7617	0.0005	135622	4725	3.6097
2023-09-30	Stilwell Value LLC	1.5588	1.9335	120000	0	0
2023-12-31	Renaissance Technologies Corp	1.3185	0.0058	101504	-800	-0.782
2023-09-30	State Street Corporation	1.1905	0.0002	91649	11150	13.8511
2023-09-30	Hotchkis & Wiley Capital Management LLC	1.1627	0.01	89510	600	0.6748
2023-09-30	BHZ Capital Management, LP.	0.9336	1.7533	71874	-53273	-42.5683
2023-12-31	Bridgeway Capital Management, LLC	0.9179	0.056	70662	596	0.8506
2023-09-30	Bank of New York Mellon Corp	0.9112	0.0005	70151	525	0.754
2023-09-30	Acadian Asset Management LLC	0.9056	0.0086	69717	69717	0
2023-09-30	Northern Trust Corp	0.8064	0.0004	62081	538	0.8742
2023-12-31	American Century Companies Inc	0.7516	0.0015	57858	27	0.0467
2023-09-30	Raymond James & Associates	0.6037	0.0012	46473	-2350	-4.8133
2023-12-31	Teton Advisors Inc	0.4172	0.3881	32116	0	0
Total		52.5832	6.3021	4048063	+112029	+2.8%

3.2. Funds holding FS Bancorp Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	T. Rowe Price Small-Cap Value	8.5393	0.2329	666558	-2800	-0.4183
2023-12-31	T. Rowe Price U.S. SC Value Eq Tr-Z	3.7055	0.2164	289246	2800	0.9775
2024-03-31	VT De Lisle America B USD	3.3959	1.9577	265076	296	0.1118
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.0184	0.0005	235608	0	0
2024-03-28	iShares Russell 2000 ETF	2.0702	0.0086	161597	78	0.0483
2023-09-30	Pacific Ridge Capital Ptnrs Micro Cp Val	2.004	2.2658	156429	46227	41.9475
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.527	0.0039	119191	0	0
2024-02-29	Adara Smaller Companies	1.1069	0.5415	86404	0	0
2024-02-29	DFA US Targeted Value I	0.9252	0.0187	72216	0	0
2024-01-31	Fidelity Small Cap Index	0.8304	0.0096	64817	2841	4.584
2023-12-31	Acuitas US Microcap Strategy	0.7673	0.5895	59890	-420	-0.6964
2024-03-29	Avantis US Small Cap Value ETF	0.679	0.017	52998	0	0
2024-02-29	DFA US Small Cap Value I	0.6692	0.0113	52236	0	0
2024-03-28	iShares Russell 2000 Value ETF	0.6525	0.0141	50929	-32	-0.0628
2024-02-29	DFA US Small Cap I	0.5904	0.0099	46084	0	0
2024-02-29	DFA US Micro Cap I	0.5469	0.0199	42693	0	0
2023-12-31	Bridgeway Omni Small-Cap Value	0.4996	0.1123	39000	0	0
2023-12-31	Bridgeway Omni Small-Cap Value N	0.4996	0.1125	39000	0	0
2024-02-29	Fidelity Extended Market Index	0.4933	0.0034	38503	-187	-0.4833
2023-12-31	TETON Westwood Mighty Mites AAA	0.4114	0.3403	32116	0	0
Total		32.932	6.4858	2570591	+48803	+1.9%

3.3. Insider Transactions

Insiders are holding 14.74% of the shares of FS Bancorp Inc.

Date	Owner	Type	Amount	Price
2023-08-25	Robert B. Fuller	SELL	3368	30.53
2023-08-15	Pamela Marie Andrews	BUY	354	31
2023-08-04	Fs Bancorp, Inc.	SELL	290	31.22
2023-06-01	Robert B Fuller	SELL	5040	28.54

4. Summary

4.1. Key Performance Indicators

The key performance indicators of FS Bancorp Inc 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	-	-	1.771	1.050	+69%	0.038	+4515%	0.607	+192%	0.648	+173%
Book Value Per Share	-	-	33.884	32.249	+5%	28.644	+18%	27.079	+25%	19.388	+75%
Current Ratio	-	-	0.051	259.785	-100%	195.920	-100%	253.237	-100%	132.279	-100%
Debt To Asset Ratio	-	-	0.911	0.913	0%	0.908	+0%	0.898	+1%	0.891	+2%
Debt To Equity Ratio	-	-	10.278	10.515	-2%	9.951	+3%	8.932	+15%	8.382	+23%
Dividend Per Share	-	-	0.250	0.249	+0%	0.223	+12%	0.158	+58%	0.098	+156%
Eps	-	-	1.252	1.155	+8%	0.934	+34%	0.988	+27%	0.691	+81%
Free Cash Flow Per Share	-	-	1.255	2.352	-47%	5.676	-78%	2.076	-40%	1.096	+14%
Free Cash Flow To Equity Per Share	-	-	6.019	-1.846	+131%	16.345	-63%	6.494	-7%	4.935	+22%
Gross Profit Margin	-	-	0.972	0.963	+1%	0.969	+0%	0.974	0%	0.951	+2%
Intrinsic Value_10Y_max	-	-	152.548	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-270.343	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	14.938	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.969	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	45.149	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-25.553	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	75.679	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-74.762	-	-	-	-	-	-	-	-
Market Cap	245414352.000	-18%	288502368.000	246936483.000	+17%	239414048.775	+21%	358463452.950	-20%	312210520.117	-8%
Net Profit Margin	-	-	0.195	0.223	-12%	0.244	-20%	0.265	-26%	0.243	-20%
Operating Margin	-	-	-0.042	0.252	-117%	0.517	-108%	0.516	-108%	0.482	-109%
Operating Ratio	-	-	0.162	0.022	+648%	0.042	+286%	0.045	+263%	0.133	+21%
Pb Ratio	0.928	-18%	1.091	0.979	+11%	1.050	+4%	1.626	-33%	2.225	-51%
Pe Ratio	6.279	-18%	7.381	6.845	+8%	8.167	-10%	11.888	-38%	18.190	-59%
Price Per Share	31.440	-18%	36.960	31.635	+17%	30.103	+23%	42.134	-12%	38.038	-3%
Price To Free Cash Flow Ratio	6.265	-18%	7.365	3.938	+87%	1.820	+305%	8.162	-10%	4.274	+72%
Price To Total Gains Ratio	15.559	-18%	18.291	36.814	-50%	162.707	-89%	79.121	-77%	-2386.978	+13150%
Quick Ratio	-	-	0.141	50.412	-100%	76.113	-100%	65.618	-100%	34.162	-100%
Return On Assets	-	-	0.003	0.003	+5%	0.003	+12%	0.004	-11%	0.004	-9%
Return On Equity	-	-	0.037	0.036	+3%	0.032	+15%	0.036	+2%	0.034	+9%
Total Gains Per Share	-	-	2.021	1.299	+56%	0.262	+672%	0.765	+164%	0.745	+171%
Usd Book Value	-	-	264488000.000	251730000.000	+5%	227708750.000	+16%	225884500.000	+17%	158854750.000	+66%
Usd Book Value Change Per Share	-	-	1.771	1.050	+69%	0.038	+4515%	0.607	+192%	0.648	+173%
Usd Book Value Per Share	-	-	33.884	32.249	+5%	28.644	+18%	27.079	+25%	19.388	+75%
Usd Dividend Per Share	-	-	0.250	0.249	+0%	0.223	+12%	0.158	+58%	0.098	+156%
Usd Eps	-	-	1.252	1.155	+8%	0.934	+34%	0.988	+27%	0.691	+81%
Usd Free Cash Flow	-	-	9793000.000	18358000.000	-47%	45836750.000	-79%	16841100.000	-42%	8876000.000	+10%
Usd Free Cash Flow Per Share	-	-	1.255	2.352	-47%	5.676	-78%	2.076	-40%	1.096	+14%
Usd Free Cash Flow To Equity Per Share	-	-	6.019	-1.846	+131%	16.345	-63%	6.494	-7%	4.935	+22%
Usd Market Cap	245414352.000	-18%	288502368.000	246936483.000	+17%	239414048.775	+21%	358463452.950	-20%	312210520.117	-8%
Usd Price Per Share	31.440	-18%	36.960	31.635	+17%	30.103	+23%	42.134	-12%	38.038	-3%
Usd Profit	-	-	9772000.000	9013250.000	+8%	7307750.000	+34%	8233850.000	+19%	5675550.000	+72%
Usd Revenue	-	-	49999000.000	41005500.000	+22%	29917500.000	+67%	31136450.000	+61%	22077200.000	+126%
Usd Total Gains Per Share	-	-	2.021	1.299	+56%	0.262	+672%	0.765	+164%	0.745	+171%
	EOD	+4 -4	MRQ	TTM	+23 -13	YOY	+20 -16	5Y	+18 -18	10Y	+24 -12

4.2. Fundamental Score

Let's check the fundamental score of FS Bancorp Inc based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	6.279
Price to Book Ratio (EOD)	Between	0-1	0.928
Net Profit Margin (MRQ)	Greater than	0	0.195
Operating Margin (MRQ)	Greater than	0	-0.042
Quick Ratio (MRQ)	Greater than	1	0.141
Current Ratio (MRQ)	Greater than	1	0.051
Debt to Asset Ratio (MRQ)	Less than	1	0.911
Debt to Equity Ratio (MRQ)	Less than	1	10.278
Return on Equity (MRQ)	Greater than	0.15	0.037
Return on Assets (MRQ)	Greater than	0.05	0.003
Total			4/10 (40.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
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4.3. Technical Score

Let's check the technical score of FS Bancorp Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	41.452
Ma 20	Greater than	Ma 50	32.482
Ma 50	Greater than	Ma 100	32.813
Ma 100	Greater than	Ma 200	34.154
Open	Greater than	Close	31.630
Total			2/5 (40.0%)

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.
Create your own Symbol Scanner

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
Long-term Assets Other	-6,670	-259,185	-265,855	6,432	-259,423	-25,648	-285,071	2,964,455	2,679,384
Cash and Short Term Investments	275,401	-21,547	253,854	-10,412	243,442	26,612	270,054	-287,137	-17,083
EBIT	19,448	-1,249	18,199	-7,757	10,442	38	10,480	-12,577	-2,097
EBITDA	19,621	-963	18,658	-7,193	11,465	17	11,482	-12,599	-1,117

Latest Balance Sheet

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

Summary

Total Assets	2,982,997
Total Liabilities	2,718,509
Total Stockholder Equity	264,488

	As reported
Total Liabilities	2,718,509
Total Stockholder Equity	+ 264,488
Total Assets	= 2,982,997

Assets

Total Assets	2,982,997
Total Current Assets	103,863
Long-term Assets	2,879,134

Total Current Assets

Total Current Assets (as reported)	103,863
Cash And Cash Equivalents	89,858
Short-term Investments	292,933
Net Receivables	14,005
Inventory	3,078
Total Current Assets (calculated)	399,874
+/-	296,011

Long-term Assets

Long-term Assets (as reported)	2,879,134
Property Plant Equipment	37,205
Goodwill	3,592
Long Term Investments	301,388
Intangible Assets	34,519
Long-term Assets Other	2,679,384
Long-term Assets (calculated)	3,056,088
+/-	176,954

Liabilities & Shareholders' Equity

Total Current Liabilities	2,052,221
Long-term Liabilities	666,288
Total Stockholder Equity	264,488

Total Current Liabilities

Total Current Liabilities (as reported)	2,052,221
Short-term Debt	1,933
Other Current Liabilities	2,050,288
Total Current Liabilities (calculated)	2,052,221
+/-	0

Long-term Liabilities

Long-term Liabilities (as reported)	666,288
Long term Debt	143,273
Capital Lease Obligations	6,848
Long-term Liabilities (calculated)	150,121
+/-	516,167

Total Stockholder Equity

Total Stockholder Equity (as reported)	264,488
Common Stock	78
Retained Earnings	230,354
Accumulated Other Comprehensive Income	-23,306
Other Stockholders Equity	57,362
Total Stockholder Equity (calculated)	264,488
+/-	0

Other

Capital Stock	78
Cash and Short Term Investments	-17,083
Common Stock Shares Outstanding	7,795
Liabilities and Stockholders Equity	2,982,997
Net Debt	60,263
Net Invested Capital	407,761
Net Working Capital	-1,948,358
Property Plant and Equipment Gross	64,201
Short Long Term Debt Total	150,121

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

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2009-12-31

2008-09-30

2007-12-31

2006-12-31

> Total Assets

256,385
263,066
234,306
281,836
292,334
0
272,784
0
283,793
300,834
340,911
341,213
359,030
359,030
378,862
396,066
419,187
433,196
436,021
471,602
509,754
541,725
568,589
641,980
677,561
805,383
783,920
827,486
827,926
877,884
928,582
993,891
981,783
1,043,612
1,132,542
1,191,331
1,621,644
1,626,116
1,641,065
1,694,997
1,713,056
1,847,168
2,008,756
2,054,626
2,113,241
2,175,586
2,222,613
2,228,694
2,286,391
2,273,933
2,399,239
2,652,138
2,632,898
2,782,808
2,905,621
2,920,072
2,982,997

2,982,997

2,920,072

2,905,621

2,782,808

2,632,898

2,652,138

2,399,239

2,273,933

2,286,391

2,228,694

2,222,613

2,175,586

2,113,241

2,054,626

2,008,756

1,847,168

1,713,056

1,694,997

1,641,065

1,626,116

1,621,644

1,191,331

1,132,542

1,043,612

981,783

993,891

928,582

877,884

827,926

827,486

783,920

805,383

677,561

641,980

568,589

541,725

509,754

471,602

436,021

433,196

419,187

396,066

378,862

359,030

341,213

340,911

300,834

283,793

272,784

292,334

281,836

234,306

263,066

256,385

> Total Current Assets

0
6,976
4,592
0
36,164
0
31,250
0
20,273
268,757
287,280
301,675,000
4,003
323,488
328,185
334,275
340,006
364,020
387,273
407,537
444,365
480,064
499,653
569,341
602,677
699,669
660,346
719,830
717,551
741,933
825,372
890,785
873,421
925,376
1,005,976
1,064,841
1,476,371
1,473,216
1,491,716
1,536,028
1,533,884
1,639,136
1,788,889
1,823,900
1,875,773
1,912,271
1,926,691
1,897,245
315,986
2,081,419
290,004
2,333,819
286,545
2,565,839
2,598,110
2,659,551
103,863

103,863

2,659,551

2,598,110

2,565,839

286,545

2,333,819

290,004

2,081,419

315,986

1,897,245

1,926,691

1,912,271

1,875,773

1,823,900

1,788,889

1,639,136

1,533,884

1,536,028

1,491,716

1,473,216

1,476,371

1,064,841

1,005,976

925,376

873,421

890,785

825,372

741,933

717,551

719,830

660,346

699,669

602,677

569,341

499,653

480,064

444,365

407,537

387,273

364,020

340,006

334,275

328,185

323,488

4,003

301,675,000

287,280

268,757

20,273

31,250

36,164

4,592

6,976

Cash And Cash Equivalents

0
5,898
3,609
0
35,250
0
30,341
0
19,253
16,359
33,236
12,177
9,413
9,413
16,413
27,340
41,085
33,308
9,155
9,691
20,098
16,402
13,802
16,613
36,876
98,266
28,902
30,522
51,704
63,668
35,911
49,403
37,023
43,251
39,588
32,564
54,853
85,147
83,891
87,190
66,680
66,847
144,050
50,335
103,854
97,724
98,336
40,114
37,033
37,783
33,619
164,757
46,149
62,893
146,846
98,309
89,858

89,858

98,309

146,846

62,893

46,149

164,757

33,619

37,783

37,033

40,114

98,336

97,724

103,854

50,335

144,050

66,847

66,680

87,190

83,891

85,147

54,853

32,564

39,588

43,251

37,023

49,403

35,911

63,668

51,704

30,522

28,902

98,266

36,876

16,613

13,802

16,402

20,098

9,691

9,155

33,308

41,085

27,340

16,413

9,413

12,177

33,236

16,359

19,253

30,341

35,250

3,609

5,898

Short-term Investments

0
0
0
0
33,183
0
0
0
16,897
31,866
37,864
38,794,000
43,313
43,313
44,186
47,131
56,239
72,092
58,363
49,443
48,744
44,547
50,414
53,679
55,217
80,458
97,728
80,762
81,875
107,241
78,932
78,103
82,480
91,371
98,465
97,374
97,205
99,783
96,252
106,038
126,057
156,466
168,709
173,101
178,018
201,311
232,570
268,802
271,359
263,306
247,832
227,942
229,252
232,373
225,869
251,917
292,933

292,933

251,917

225,869

232,373

229,252

227,942

247,832

263,306

271,359

268,802

232,570

201,311

178,018

173,101

168,709

156,466

126,057

106,038

96,252

99,783

97,205

97,374

98,465

91,371

82,480

78,103

78,932

107,241

81,875

80,762

97,728

80,458

55,217

53,679

50,414

44,547

48,744

49,443

58,363

72,092

56,239

47,131

44,186

43,313

38,794,000

37,864

31,866

16,897

33,183

Net Receivables

0
1,078
983
0
914
0
909
0
1,020
1,135
1,129
1,283
1,223
1,223
1,292
1,333
1,261
1,430
1,366
1,525
1,558
1,813
1,772
2,057
2,107
2,354
2,420
2,557
2,524
2,756
2,903
3,217
3,566
3,693
4,071
4,453
5,761
5,812
5,779
5,723
5,908
6,326
6,303
6,809
7,030
7,429
7,323
7,797
7,594
8,436
8,553
10,407
11,144
12,336
12,244
13,925
14,005

14,005

13,925

12,244

12,336

11,144

10,407

8,553

8,436

7,594

7,797

7,323

7,429

7,030

6,809

6,303

6,326

5,908

5,723

5,779

5,812

5,761

4,453

4,071

3,693

3,566

3,217

2,903

2,756

2,524

2,557

2,420

2,354

2,107

2,057

1,772

1,813

1,558

1,525

1,366

1,430

1,261

1,333

1,292

1,223

1,283

1,129

1,135

1,020

909

914

983

1,078

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
373,965
417,302
433,665
496,992
508,477
518,591
531,296
605,989
581,448
568,268
707,626
760,062
750,352
787,061
863,852
930,450
1,318,552
1,282,474
1,305,794
1,337,077
1,335,239
1,409,497
1,469,827
1,593,655
1,586,871
1,605,807
1,588,462
1,580,532
1,637,056
1,771,894
42,317
1,930,713
57,863
75,799
159,660
112,804
103,863

103,863

112,804

159,660

75,799

57,863

1,930,713

42,317

1,771,894

1,637,056

1,580,532

1,588,462

1,605,807

1,586,871

1,593,655

1,469,827

1,409,497

1,335,239

1,337,077

1,305,794

1,282,474

1,318,552

930,450

863,852

787,061

750,352

760,062

707,626

568,268

581,448

605,989

531,296

518,591

508,477

496,992

433,665

417,302

373,965

> Long-term Assets

0
15,923
16,709
0
16,891
0
20,729
0
36,751
9,957
11,154
15,136,000
1,927
14,590
14,874
14,457
14,634
13,945
13,763
13,747
65,389
61,661
68,936
72,639
74,884
105,714
123,574
107,656
110,375
135,951
103,210
103,106
108,362
118,236
126,566
126,490
145,273
152,900
149,349
158,969
179,172
208,032
219,867
230,726
237,468
263,315
295,922
331,449
333,349
326,262
311,434
44,470
292,764
61,581
59,994
60,265
2,879,134

2,879,134

60,265

59,994

61,581

292,764

44,470

311,434

326,262

333,349

331,449

295,922

263,315

237,468

230,726

219,867

208,032

179,172

158,969

149,349

152,900

145,273

126,490

126,566

118,236

108,362

103,106

103,210

135,951

110,375

107,656

123,574

105,714

74,884

72,639

68,936

61,661

65,389

13,747

13,763

13,945

14,634

14,457

14,874

14,590

1,927

15,136,000

11,154

9,957

36,751

20,729

16,891

16,709

15,923

Property Plant Equipment

8,955
11,302
10,851
9,721
9,249
0
9,040
0
9,852
9,957
11,154
12,448
12,663
12,663
13,525
13,705
13,818
13,764
13,763
13,747
13,584
13,444
13,953
13,734
13,856
14,703
14,786
15,071
16,012
15,842
15,550
15,463
15,458
15,798
16,273
16,527
29,110
34,167
34,099
33,779
33,786
33,347
33,070
33,149
32,292
31,883
32,787
32,118
31,148
31,288
30,590
32,045
31,345
39,195
38,751
37,968
37,205

37,205

37,968

38,751

39,195

31,345

32,045

30,590

31,288

31,148

32,118

32,787

31,883

32,292

33,149

33,070

33,347

33,786

33,779

34,099

34,167

29,110

16,527

16,273

15,798

15,458

15,463

15,550

15,842

16,012

15,071

14,786

14,703

13,856

13,734

13,953

13,444

13,584

13,747

13,763

13,764

13,818

13,705

13,525

12,663

12,448

11,154

9,957

9,852

9,040

9,249

9,721

10,851

11,302

8,955

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
2,412
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
2,312
3,592
3,592
3,592
3,592

3,592

2,312

2,412

Long Term Investments

0
0
0
0
0
0
0
0
0
31,866
37,864
38,794
54,310
65,274
59,137
57,779
69,499
84,219
74,374
79,928
74,727
79,515
91,453
107,014
100,142
145,562
161,424
157,891
134,428
147,249
136,188
143,158
135,943
142,686
153,656
152,158
148,400
145,374
162,760
106,038
195,756
272,098
308,119
393,724
185,518
208,811
240,070
276,302
278,859
270,734
282,821
236,411
237,721
240,842
234,338
260,372
301,388

301,388

260,372

234,338

240,842

237,721

236,411

282,821

270,734

278,859

276,302

240,070

208,811

185,518

393,724

308,119

272,098

195,756

106,038

162,760

145,374

148,400

152,158

153,656

142,686

135,943

143,158

136,188

147,249

134,428

157,891

161,424

145,562

100,142

107,014

91,453

79,515

74,727

79,928

74,374

84,219

69,499

57,779

59,137

65,274

54,310

38,794

37,864

31,866

Intangible Assets

264
197
505
340
245
0
0
0
200
246
425
608
1,064
1,404
1,785
2,027
2,093
2,134
2,336
2,569
3,061
3,670
4,569
5,226
5,811
8,141
8,748
9,511
10,176
10,556
6,416
7,228
8,112
8,755
9,516
10,277
16,646
16,638
16,686
16,840
17,017
15,907
15,776
16,664
17,346
20,309
20,753
20,717
21,030
21,928
22,231
22,012
21,386
37,947
36,952
35,980
34,519

34,519

35,980

36,952

37,947

21,386

22,012

22,231

21,928

21,030

20,717

20,753

20,309

17,346

16,664

15,776

15,907

17,017

16,840

16,686

16,638

16,646

10,277

9,516

8,755

8,112

7,228

6,416

10,556

10,176

9,511

8,748

8,141

5,811

5,226

4,569

3,670

3,061

2,569

2,336

2,134

2,093

2,027

1,785

1,404

1,064

608

425

246

200

245

340

505

197

264

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
264,252
274,683
300,999
292,662
372,510
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

372,510

292,662

300,999

274,683

264,252

Other Assets

0
240,167
213,005
0
239,279
0
220,805
0
226,769
22,120
42,477
-316,469,787
51,008
20,952
35,803
47,334
64,547
55,231
34,985
50,318
575,143
603,386
637,525
714,619
752,445
911,097
907,494
935,142
938,301
1,013,835
1,031,792
1,096,997
1,090,145
1,161,848
1,259,108
1,317,821
1,766,917
1,779,016
1,790,414
1,853,966
1,892,228
1,847,168
2,008,756
2,054,626
2,113,241
2,175,586
2,222,613
2,228,694
1,637,056
-133,748
1,797,801
273,849
2,053,589
155,388
247,517
200,256
0

200,256

247,517

155,388

2,053,589

273,849

1,797,801

-133,748

1,637,056

2,228,694

2,222,613

2,175,586

2,113,241

2,054,626

2,008,756

1,847,168

1,892,228

1,853,966

1,790,414

1,779,016

1,766,917

1,317,821

1,259,108

1,161,848

1,090,145

1,096,997

1,031,792

1,013,835

938,301

935,142

907,494

911,097

752,445

714,619

637,525

603,386

575,143

50,318

34,985

55,231

64,547

47,334

35,803

20,952

51,008

-316,469,787

42,477

22,120

226,769

220,805

239,279

213,005

240,167

> Total Liabilities

0
231,377
203,001
0
267,539
0
246,807
0
257,026
273,796
313,009
281,842
299,133
299,133
317,783
333,832
356,874
369,728
373,237
407,596
443,918
473,526
497,734
568,742
602,221
730,259
707,869
747,929
746,893
793,920
839,758
875,652
859,781
918,170
1,003,171
1,058,202
1,441,606
1,440,164
1,451,639
1,500,740
1,512,814
1,646,339
1,800,115
1,834,076
1,883,234
1,935,275
1,980,853
1,988,241
2,038,884
2,037,983
2,176,598
2,431,591
2,401,201
2,540,974
2,655,688
2,669,407
2,718,509

2,718,509

2,669,407

2,655,688

2,540,974

2,401,201

2,431,591

2,176,598

2,037,983

2,038,884

1,988,241

1,980,853

1,935,275

1,883,234

1,834,076

1,800,115

1,646,339

1,512,814

1,500,740

1,451,639

1,440,164

1,441,606

1,058,202

1,003,171

918,170

859,781

875,652

839,758

793,920

746,893

747,929

707,869

730,259

602,221

568,742

497,734

473,526

443,918

407,596

373,237

369,728

356,874

333,832

317,783

299,133

281,842

313,009

273,796

257,026

246,807

267,539

203,001

231,377

> Total Current Liabilities

0
0
0
0
0
0
0
0
0
264,468
308,900
277,700
292,300
292,300
304,100
316,868
336,876
350,336
351,644
380,289
420,444
436,320
470,508
499,883
592,400
720,500
698,100
738,100
737,100
784,100
830,000
865,900
4,221
908,300
993,300
1,048,300
1,431,741
4,976
4,721
4,881
1,502,929
4,898
4,945
5,468
10,000
5,285
5,401
5,097
54,186
5,406
5,081
6,836
1,585,971
7,651
7,690
7,269
2,052,221

2,052,221

7,269

7,690

7,651

1,585,971

6,836

5,081

5,406

54,186

5,097

5,401

5,285

10,000

5,468

4,945

4,898

1,502,929

4,881

4,721

4,976

1,431,741

1,048,300

993,300

908,300

4,221

865,900

830,000

784,100

737,100

738,100

698,100

720,500

592,400

499,883

470,508

436,320

420,444

380,289

351,644

350,336

336,876

316,868

304,100

292,300

277,700

308,900

264,468

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
17,435
0
0
0
108,574
12,669
19,670
21,030
22,495
10,269
40,962
20,250
3,986
49,557
116,620
0
121,233
4,976
4,721
4,881
12,336
4,898
4,945
5,468
10,000
5,285
5,401
5,097
54,186
5,406
5,081
6,836
1,512
7,651
7,690
7,269
1,933

1,933

7,269

7,690

7,651

1,512

6,836

5,081

5,406

54,186

5,097

5,401

5,285

10,000

5,468

4,945

4,898

12,336

4,881

4,721

4,976

121,233

116,620

49,557

3,986

20,250

40,962

10,269

22,495

21,030

19,670

12,669

108,574

17,435

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
17,435
0
0
0
108,574
12,669
19,670
21,030
22,495
10,269
40,962
20,250
3,986
49,557
116,620
0
121,233
0
0
0
12,336
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

12,336

121,233

116,620

49,557

3,986

20,250

40,962

10,269

22,495

21,030

19,670

12,669

108,574

17,435

Accounts payable

204,816
208,863
195,106
230,985
243,957
0
0
0
246,418
264,468
307,370
274,824
288,949
293,781
300,913
316,868
336,876
350,336
351,644
380,289
420,444
436,320
470,508
499,883
485,178
696,679
666,116
703,164
712,593
758,014
785,697
840,578
829,842
857,478
870,113
944,537
1,274,219
1,321,550
1,334,217
1,386,602
1,392,408
1,446,269
1,606,872
1,613,219
1,674,071
1,780,793
1,858,610
1,863,650
1,915,744
1,919,788
2,016,100
2,083,338
2,127,741
2,443,273
0
0
0

2,443,273

2,127,741

2,083,338

2,016,100

1,919,788

1,915,744

1,863,650

1,858,610

1,780,793

1,674,071

1,613,219

1,606,872

1,446,269

1,392,408

1,386,602

1,334,217

1,321,550

1,274,219

944,537

870,113

857,478

829,842

840,578

785,697

758,014

712,593

703,164

666,116

696,679

485,178

499,883

470,508

436,320

420,444

380,289

351,644

350,336

336,876

316,868

300,913

293,781

288,949

274,824

307,370

264,468

246,418

243,957

230,985

195,106

208,863

204,816

Other Current Liabilities

0
0
0
0
0
0
0
0
0
264,468
307,370
274,824
288,949
293,781
300,913
316,868
336,876
350,336
351,644
380,289
420,444
436,320
470,508
499,883
485,178
696,679
666,116
703,164
712,593
758,014
785,697
840,578
829,842
857,478
870,113
944,537
1,274,219
1,321,550
1,330,000
1,386,602
1,392,408
1,446,269
1,606,872
9,800
10,000
48,688
48,722
1,863,650
1,915,744
1,919,788
2,016,100
2,083,338
1,584,459
2,443,273
2,365,308
0
2,050,288

2,050,288

2,365,308

2,443,273

1,584,459

2,083,338

2,016,100

1,919,788

1,915,744

1,863,650

48,722

48,688

10,000

9,800

1,606,872

1,446,269

1,392,408

1,386,602

1,330,000

1,321,550

1,274,219

944,537

870,113

857,478

829,842

840,578

785,697

758,014

712,593

703,164

666,116

696,679

485,178

499,883

470,508

436,320

420,444

380,289

351,644

350,336

336,876

316,868

300,913

293,781

288,949

274,824

307,370

264,468

> Long-term Liabilities

0
19,800
5,900
0
21,900
0
3,900
0
8,900
7,800
4,100
281,842
10,184
6,840
13,664
13,664
16,664
16,345
17,552
22,552
17,843
30,433
20,269
59,269
109,867
22,479
29,485
30,850
23,656
20,099
40,504
20,110
17,981
49,516
116,408
96,386
147,375
102,333
98,810
92,654
101,934
176,162
167,770
191,670
181,043
127,157
97,290
97,002
97,897
90,345
2,176,598
2,424,755
2,401,201
2,533,323
2,647,998
2,662,138
666,288

666,288

2,662,138

2,647,998

2,533,323

2,401,201

2,424,755

2,176,598

90,345

97,897

97,002

97,290

127,157

181,043

191,670

167,770

176,162

101,934

92,654

98,810

102,333

147,375

96,386

116,408

49,516

17,981

20,110

40,504

20,099

23,656

30,850

29,485

22,479

109,867

59,269

20,269

30,433

17,843

22,552

17,552

16,345

16,664

13,664

6,840

10,184

281,842

4,100

7,800

8,900

3,900

21,900

5,900

19,800

Long term Debt Total

0
0
0
0
0
0
0
0
0
7,800
4,100
4,100
6,840
13,659
13,664
13,664
16,664
16,345
17,552
22,552
17,034
30,433
20,269
59,269
108,769
12,669
19,670
21,030
22,670
20,269
40,669
10,270
7,529
39,529
106,526
86,526
137,149
86,824
83,211
9,880
84,864
159,114
150,255
173,640
165,809
72,528
42,528
42,528
42,528
35,528
78,028
260,828
186,528
7,528
199,896
0
0

199,896

7,528

186,528

260,828

78,028

35,528

42,528

72,528

165,809

173,640

150,255

159,114

84,864

9,880

83,211

86,824

137,149

86,526

106,526

39,529

7,529

10,270

40,669

20,269

22,670

21,030

19,670

12,669

108,769

59,269

20,269

30,433

17,034

22,552

17,552

16,345

16,664

13,664

13,659

6,840

4,100

7,800

Other Liabilities

0
0
0
0
1,682
0
0
0
1,708
1,528
1,539
2,917
3,344
3,190
3,206
3,300
3,334
3,047
4,041
4,755
6,440
6,773
6,957
9,590
8,469
11,101
12,268
13,915
11,805
15,807
13,557
14,964
12,565
11,313
16,438
17,279
19,735
16,387
19,204
22,494
20,240
21,213
25,030
30,374
25,257
26,594
24,953
27,589
26,426
27,850
27,962
31,145
30,959
33,045
33,221
0
0

33,221

33,045

30,959

31,145

27,962

27,850

26,426

27,589

24,953

26,594

25,257

30,374

25,030

21,213

20,240

22,494

19,204

16,387

19,735

17,279

16,438

11,313

12,565

14,964

13,557

15,807

11,805

13,915

12,268

11,101

8,469

9,590

6,957

6,773

6,440

4,755

4,041

3,047

3,334

3,300

3,206

3,190

3,344

2,917

1,539

1,528

1,708

1,682

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
809
0
0
0
1,293
0
0
0
1,161
0
0
0
607
137
27
0
361
663
1,003
1,029
1,971
2,260
2,675
2,662
58
0
0
0
1,183
0
0
0
0
0
0
0
0

1,183

2,662

2,675

2,260

1,971

1,029

1,003

663

361

137

607

1,161

1,293

809

> Total Stockholder Equity

0
31,689
31,304
0
24,795
0
25,977
0
26,767
27,038
27,902
59,371
59,897
59,897
61,079
62,234
62,313
63,468
62,784
64,006
65,836
68,199
70,855
73,238
75,340
75,124
76,051
79,557
81,033
83,964
88,824
118,239
122,002
125,442
129,371
133,129
180,038
185,952
189,426
194,257
200,242
200,829
208,641
220,550
230,007
240,311
241,760
240,453
247,507
235,950
222,641
220,547
231,697
241,834
249,933
250,665
264,488

264,488

250,665

249,933

241,834

231,697

220,547

222,641

235,950

247,507

240,453

241,760

240,311

230,007

220,550

208,641

200,829

200,242

194,257

189,426

185,952

180,038

133,129

129,371

125,442

122,002

118,239

88,824

83,964

81,033

79,557

76,051

75,124

75,340

73,238

70,855

68,199

65,836

64,006

62,784

63,468

62,313

62,234

61,079

59,897

59,371

27,902

27,038

26,767

25,977

24,795

31,304

31,689

Common Stock

0
0
0
0
0
0
0
0
0
0
0
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
31
31
31
31
31
37
37
37
37
37
45
45
45
44
44
43
42
43
42
42
83
82
82
81
77
77
77
77
77
78
78

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
26,728
27,349
30,674
31,746
32,981
33,917
34,828
35,215
35,938
35,808
36,772
38,125
40,011
42,592
44,373
46,175
47,622
50,160
53,326
55,584
57,884
61,920
65,049
68,422
72,349
76,102
79,648
90,854
95,383
99,184
105,672
110,715
114,957
124,090
135,921
146,405
157,193
164,606
171,786
179,215
184,748
189,075
195,986
202,065
208,342
215,519
0
0

215,519

208,342

202,065

195,986

189,075

184,748

179,215

171,786

164,606

157,193

146,405

135,921

124,090

114,957

110,715

105,672

99,184

95,383

90,854

79,648

76,102

72,349

68,422

65,049

61,920

57,884

55,584

53,326

50,160

47,622

46,175

44,373

42,592

40,011

38,125

36,772

35,808

35,938

35,215

34,828

33,917

32,981

31,746

30,674

27,349

26,728

Accumulated Other Comprehensive Income

0
6
0
0
-111
0
63
0
316
310
553
1,439
1,000
597
-609
-481
-898
-541
-18
-63
117
289
-24
234
78
450
848
773
-536
-430
-87
-128
-475
-1,716
-2,127
-2,664
-1,479
-436
496
583
788
1,819
3,334
3,285
2,533
1,721
1,434
198
252
-13,914
-21,640
-29,285
-25,632
-22,723
-22,444
-29,409
-23,306

-23,306

-29,409

-22,444

-22,723

-25,632

-29,285

-21,640

-13,914

252

198

1,434

1,721

2,533

3,285

3,334

1,819

788

583

496

-436

-1,479

-2,664

-2,127

-1,716

-475

-128

-87

-430

-536

773

848

450

234

-24

289

117

-63

-18

-541

-898

-481

-609

597

1,000

1,439

553

310

316

-111

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
29,863
29,894
29,923
29,979
30,029
30,097
30,106
28,963
29,200
29,450
29,689
30,011
30,289
30,692
28,591
26,516
26,866
27,334
27,793
28,208
54,463
55,135
55,823
56,344
57,027
91,466
91,742
90,418
88,608
89,268
84,517
81,616
81,676
81,318
81,580
75,797
68,481
67,958
65,035
55,129
53,769
55,187
56,138
56,781
0
0

56,781

56,138

55,187

53,769

55,129

65,035

67,958

68,481

75,797

81,580

81,318

81,676

81,616

84,517

89,268

88,608

90,418

91,742

91,466

57,027

56,344

55,823

55,135

54,463

28,208

27,793

27,334

26,866

26,516

28,591

30,692

30,289

30,011

29,689

29,450

29,200

28,963

30,106

30,097

30,029

29,979

29,923

29,894

29,863

Treasury Stock

-848

-919

-985

-1,051

-1,117

-1,182

-1,248

-1,314

-1,380

-1,439

-1,504

-1,571

-1,637

-1,690

-1,756

-1,822

-1,888

-1,935

-2,001

-2,067

-2,133

-2,174

-2,240

-2,306

-2,372

Other Stockholders Equity

0
0
0
0
0
0
0
0
0
310
553
27,227
-1,775
27,522
27,739
27,855
27,964
28,039
26,962
27,265
27,562
27,867
28,255
28,599
29,055
27,020
25,012
25,427
25,954
26,479
26,960
53,281
54,018
54,772
55,359
56,108
90,618
90,960
89,701
87,958
88,695
84,010
81,175
81,301
81,027
81,355
75,637
68,387
67,958
65,035
55,129
53,769
55,187
56,138
56,781
57,464
57,362

57,362

57,464

56,781

56,138

55,187

53,769

55,129

65,035

67,958

68,387

75,637

81,355

81,027

81,301

81,175

84,010

88,695

87,958

89,701

90,960

90,618

56,108

55,359

54,772

54,018

53,281

26,960

26,479

25,954

25,427

25,012

27,020

29,055

28,599

28,255

27,867

27,562

27,265

26,962

28,039

27,964

27,855

27,739

27,522

-1,775

27,227

553

310

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	2011-12-31	2010-12-31	2009-12-31	2007-12-31	2006-12-31
Accounts Payable	0	2,127,741	1,915,744	1,674,071	1,392,408	1,274,219	829,842	712,593	485,178	420,444	336,876	288,949	246,418	243,957	0	0	0
Accumulated Amortization	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
Accumulated Other Comprehensive Income	-23,306	-25,632	252	2,533	788	-1,479	-475	-536	78	117	-898	597	316	-111	11	6	-1,032
Additional Paid In Capital	0	0	0	0	0	0	55,135	27,334	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	6,848	6,474	4,792	5,176	5,214	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	78	77	82	42	44	45	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	55,187	67,958	81,318	89,268	91,466	55,135	27,334	30,692	29,450	30,097	29,894	0	0	0	0	0
Cash	89,858	46,149	37,033	103,854	66,680	54,853	37,023	51,704	36,876	20,098	41,085	9,413	19,253	35,250	28,534	5,898	7,158
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	65,691	275,401	308,392	281,872	192,737	152,058	119,503	133,579	92,093	68,842	97,324	52,726	19,253	35,250	28,534	5,898	7,158
Common Stock	78	77	82	42	44	45	37	31	32	32	32	32	0	0	0	0	0
Common Stock Shares Outstanding	7,775	7,874	8,527	8,709	9,046	7,741	6,582	5,982	6,059	5,974	6,078	6,014	6,480	6,480	6,480	6,480	6,480
Common Stock Total Equity	0	77	82	42	44	45	37	31	32	32	32	32	0	0	0	0	0
Current Deferred Revenue	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
Deferred Long Term Liab	0	0	1,183	58	1,971	361	607	1,161	1,293	809	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	292,662	238,217	183,122	195,315	149,633	0	0	0	0	0	0	0	0
Good Will	3,592	2,312	2,312	2,312	2,312	2,312	2,312	2,312	0	0	0	0	0	0	0	0	0
Intangible Assets	34,519	21,386	21,030	17,346	17,017	16,646	8,112	10,176	5,811	3,061	2,093	1,064	200	245	0	0	0
Inventory	-2,481,177	-57,863	-44,627	-110,974	-72,756	689	53,463	15	44,925	25,983	13,260	10,997	4,589	3,701	0	0	0
Liabilities And Stockholders Equity	2,982,997	2,632,898	2,286,391	2,113,241	1,713,056	1,621,644	981,783	827,926	677,561	509,754	419,187	359,030	283,793	292,334	281,836	263,066	256,385
Long Term Debt	143,273	235,989	91,922	175,809	84,864	137,149	7,529	22,670	108,769	17,034	16,664	6,840	1,700	21,900	0	0	0
Long Term Debt Total	0	186,528	42,528	165,809	84,864	137,149	7,529	22,670	108,769	17,034	16,664	6,840	0	0	0	0	0
Long Term Investments	301,388	237,721	278,859	185,518	195,756	148,400	135,943	134,428	100,142	74,727	69,499	54,310	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	60,263	196,314	59,681	77,131	33,283	92,161	-19,649	-29,209	71,698	-3,064	-24,421	-2,573	-10,353	-13,350	-2,634	13,902	6,242
Net Invested Capital	407,761	467,686	339,429	405,816	294,991	327,052	139,376	0	0	0	0	0	0	0	0	0	0
Net Receivables	14,005	11,144	7,594	7,030	5,908	5,761	3,566	2,524	2,107	1,558	1,261	1,223	1,020	914	952	1,078	1,111
Net Tangible Assets	0	226,016	241,135	222,944	192,473	171,509	118,373	77,004	75,340	65,836	62,313	59,897	0	0	0	0	0
Net Working Capital	-1,948,358	280,071	311,194	283,726	193,431	44,630	869,200	-19,517	10,261	447	3,130	31,188	0	0	0	0	0
Non Current Assets Total	2,879,134	292,764	333,349	237,468	179,172	145,273	108,362	110,375	74,884	65,389	14,634	14,590	36,751	16,891	10,324	15,923	24,459
Non Current Liabilities Other	0	86,932	79,429	43,296	33,571	29,877	21,803	10,469	6,981	5,631	3,334	3,344	0	0	0	0	0
Non Current Liabilities Total	666,288	2,401,201	97,897	181,043	101,934	147,375	17,981	23,656	109,867	17,843	16,664	6,840	8,900	21,900	25,900	19,800	13,400
Non Currrent Assets Other	2,679,384	-6,670	-7,579	-8,814	-6,038	1,415,757	832,832	663,323	563,694	378,508	-56,239	-43,313	-36,751	-16,891	-10,324	-15,923	-24,459
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	2,053,589	1,637,056	1,586,871	1,335,239	1,766,917	1,090,145	938,301	752,445	575,143	64,547	20,952	226,769	239,279	242,026	240,167	223,658
Other Current Assets	103,863	57,863	44,627	110,974	72,756	1,318,552	750,352	581,448	508,477	373,965	0	0	0	0	0	0	0
Other Current Liab	2,050,288	2,127,741	1,915,744	10,000	1,502,929	1,431,741	849,936	712,593	485,178	420,444	336,876	288,949	0	0	0	0	0
Other Liab	0	30,959	26,426	25,257	20,240	19,799	12,500	11,805	8,469	6,440	3,334	3,344	1,708	1,682	0	0	0
Other Stockholder Equity	57,362	55,187	67,958	81,027	88,695	90,618	54,018	25,954	29,055	27,562	27,964	27,522	0	0	0	0	0
Preferred Stock Redeemable	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
Property Plant And Equipment Gross	64,201	31,345	31,148	32,292	33,786	29,110	15,458	16,012	13,856	13,584	13,818	12,663	9,852	9,249	9,721	11,302	8,955
Property Plant And Equipment Net	37,205	31,345	31,148	32,292	33,786	29,110	15,458	16,012	13,856	13,584	13,818	12,663	9,852	9,249	9,721	11,302	8,955
Property Plant Equipment	0	25,119	31,148	32,292	28,770	29,110	15,458	16,012	13,856	13,584	13,818	12,663	9,852	9,249	0	0	0
Retained Earnings	230,354	202,065	179,215	146,405	110,715	90,854	68,422	55,584	46,175	38,125	35,215	31,746	26,451	24,906	23,304	31,682	35,811
Retained Earnings Total Equity	0	202,065	179,215	146,405	110,715	90,854	68,422	55,584	46,175	38,125	35,215	31,746	0	0	0	0	0
Short Long Term Debt	0	0	0	0	12,336	121,233	3,986	22,495	108,574	17,435	0	0	0	0	0	0	0
Short Long Term Debt Total	150,121	242,463	96,714	180,985	99,963	147,014	17,374	22,495	108,574	17,034	16,664	6,840	8,900	21,900	25,900	19,800	13,400
Short Term Debt	1,933	6,474	4,792	5,176	5,214	121,233	3,986	22,495	108,574	17,435	0	0	0	0	0	0	0
Short Term Investments	292,933	229,252	271,359	178,018	126,057	97,205	82,480	81,875	55,217	48,744	56,239	43,313	16,897	33,183	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
Total Assets	2,982,997	2,632,898	2,286,391	2,113,241	1,713,056	1,621,644	981,783	827,926	677,561	509,754	419,187	359,030	283,793	292,334	281,836	263,066	256,385
Total Current Assets	103,863	286,545	315,986	288,902	198,645	1,476,371	873,421	717,551	602,677	444,365	340,006	323,488	20,273	36,164	29,486	6,976	8,269
Total Current Liabilities	2,052,221	6,474	4,792	5,176	5,214	1,431,741	4,221	737,068	592,416	443,918	336,876	292,300	0	0	0	0	0
Total Liab	2,718,509	2,401,201	97,897	181,043	101,934	1,441,606	859,781	746,893	602,221	443,918	356,874	299,133	257,026	267,539	258,521	231,377	221,606
Total Permanent Equity	0	0	0	0	0	0	0	81,033	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	264,488	231,697	247,507	230,007	200,242	180,038	122,002	81,033	75,340	65,836	62,313	59,897	26,767	24,795	23,315	31,689	34,779
Treasury Stock	0	0	0	0	0	-848	-1,117	-1,380	-1,637	-1,888	-2,133	-2,372	0	0	0	0	0
Warrants	0	0	0	0	0	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	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2009-12-31	2008-09-30	2007-12-31	2006-12-31
Accounts Payable	0	0	0	2,443,273	2,127,741	2,083,338	2,016,100	1,919,788	1,915,744	1,863,650	1,858,610	1,780,793	1,674,071	1,613,219	1,606,872	1,446,269	1,392,408	1,386,602	1,334,217	1,321,550	1,274,219	944,537	870,113	857,478	829,842	840,578	785,697	758,014	712,593	703,164	666,116	696,679	485,178	499,883	470,508	436,320	420,444	380,289	351,644	350,336	336,876	316,868	300,913	293,781	288,949	274,824	307,370	264,468	246,418	0	0	0	243,957	230,985	195,106	208,863	204,816
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	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	0	0	0	0	0	0	0	-	-	0	-
Accumulated Other Comprehensive Income	-23,306	-29,409	-22,444	-22,723	-25,632	-29,285	-21,640	-13,914	252	198	1,434	1,721	2,533	3,285	3,334	1,819	788	583	496	-436	-1,479	-2,664	-2,127	-1,716	-475	-128	-87	-430	-536	773	848	450	78	234	-24	289	117	-63	-18	-541	-898	-481	-609	597	1,000	1,439	553	310	316	0	63	0	-111	-	0	6	-
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	55,135	0	28,208	27,793	27,334	26,866	26,516	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	6,848	7,269	7,690	7,651	6,474	6,836	5,081	5,406	4,792	5,097	5,401	5,285	5,176	5,468	4,945	4,898	5,214	4,881	4,721	4,976	0	0	0	0	0	0	0	0	0	0	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	78	78	77	77	77	77	77	81	82	82	83	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	56,781	56,138	55,187	53,769	55,129	65,035	67,958	68,481	75,797	81,580	81,318	81,676	81,616	84,517	89,268	88,608	90,418	91,742	91,466	57,027	56,344	55,823	55,135	54,463	28,208	27,793	27,334	26,866	26,516	28,591	30,692	30,289	30,011	29,689	29,450	29,200	28,963	30,106	30,097	30,029	29,979	29,923	29,894	29,863	0	0	0	0	0	0	0	-	-	0	-
Cash	89,858	98,309	146,846	62,893	46,149	164,757	33,619	37,783	37,033	40,114	98,336	97,724	103,854	50,335	144,050	66,847	66,680	87,190	83,891	85,147	54,853	32,564	39,588	43,251	37,023	49,403	35,911	63,668	51,704	30,522	28,902	98,266	36,876	16,613	13,802	16,402	20,098	9,691	9,155	33,308	41,085	27,340	16,413	9,413	9,413	12,177	33,236	16,359	19,253	0	30,341	0	35,250	-	3,609	5,898	-
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	0	0	0	0	0	0	0	-	-	0	-
Cash And Short Term Investments	-17,083	270,054	243,442	253,854	275,401	392,699	281,451	301,089	308,392	308,916	330,906	299,035	281,872	223,436	312,759	223,313	192,737	193,228	180,143	184,930	152,058	129,938	138,053	134,622	119,503	127,506	114,843	170,909	133,579	111,284	126,630	178,724	92,093	70,292	64,216	60,949	68,842	59,134	67,518	105,400	97,324	74,471	60,599	52,726	11,178	12,177	33,236	16,359	19,253	0	30,341	0	35,250	-	3,609	5,898	-
Common Stock	78	78	77	77	77	77	77	81	82	82	83	42	42	43	42	43	44	44	45	45	45	37	37	37	37	37	31	31	31	31	31	32	32	32	32	32	32	32	32	32	32	32	32	32	32	32	0	0	0	0	0	0	0	-	-	0	-
Common Stock Shares Outstanding	7,795	7,780	7,746	7,778	7,712	7,708	7,896	8,295	8,382	8,481	8,661	8,678	8,611	8,591	8,610	8,958	9,010	8,997	8,987	9,037	8,279	7,560	7,531	7,503	7,477	6,479	6,195	6,124	5,952	5,877	5,932	6,065	6,148	6,080	6,008	5,931	5,890	5,865	6,009	6,034	5,967	6,069	6,033	6,014	3,007	6,480	6,480	6,480	3,240	6,480	6,480	6,480	0	-	-	7,708	-
Common Stock Total Equity	0	0	77	77	77	77	77	81	82	82	83	42	42	43	42	43	44	44	45	45	45	37	37	37	37	37	31	31	31	31	31	32	32	32	32	32	32	32	32	32	32	32	32	32	32	32	0	0	0	0	0	0	0	-	-	0	-
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	-	-	0	-
Deferred Long Term Liab	0	0	0	0	0	0	0	0	1,183	0	0	0	58	2,662	2,675	2,260	1,971	1,029	1,003	663	361	0	27	137	607	0	0	0	1,161	0	0	0	1,293	0	0	0	809	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	372,510	292,662	300,999	274,683	264,252	0	0	0	0	0	0	0	0	0	0	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	3,592	3,592	3,592	3,592	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,312	2,412	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	-
Intangible Assets	34,519	35,980	36,952	37,947	21,386	22,012	22,231	21,928	21,030	20,717	20,753	20,309	17,346	16,664	15,776	15,907	17,017	16,840	16,686	16,638	16,646	10,277	9,516	8,755	8,112	7,228	6,416	10,556	10,176	9,511	8,748	8,141	5,811	5,226	4,569	3,670	3,061	2,569	2,336	2,134	2,093	2,027	1,785	1,404	1,064	608	425	246	200	0	0	0	245	340	505	197	264
Inventory	3,078	2,262,768	2,182,764	2,223,850	-57,863	145	-42,317	0	0	0	0	0	90	90	90	90	178	178	254	167	689	54,784	55,191	51,315	53,463	65,055	57,256	40,008	52,553	77,129	63,696	65,104	44,925	53,335	41,039	34,968	25,983	30,485	16,011	12,127	13,260	10,648	14,951	22,116	10,997	10,832	7,044	4,188	4,589	0	0	0	3,701	-	-	0	-
Liabilities And Stockholders Equity	2,982,997	2,920,072	2,905,621	2,782,808	2,632,898	2,652,138	2,399,239	2,273,933	2,286,391	2,228,694	2,222,613	2,175,586	2,113,241	2,054,626	2,008,756	1,847,168	1,713,056	1,694,997	1,641,065	1,626,116	1,621,644	1,191,331	1,132,542	1,043,612	981,783	993,891	928,582	877,884	827,926	827,486	783,920	805,383	677,561	641,980	568,589	541,725	509,754	471,602	436,021	433,196	419,187	396,066	378,862	359,030	359,030	341,213	340,911	300,834	283,793	0	272,784	0	292,334	-	234,306	263,066	-
Long Term Debt	143,273	171,406	249,390	57,005	235,989	310,272	78,028	84,939	91,922	91,905	91,889	121,872	175,809	173,640	150,255	159,114	84,864	86,744	83,211	86,824	137,149	86,526	106,526	39,529	7,529	10,270	40,669	20,269	22,670	21,030	19,670	12,669	108,769	59,269	20,269	30,433	17,034	22,552	17,552	16,345	16,664	13,664	13,664	13,659	6,840	4,100	4,100	7,800	8,900	0	0	0	21,900	-	-	0	-
Long Term Debt Total	0	0	199,896	7,528	186,528	260,828	78,028	35,528	42,528	42,528	42,528	72,528	165,809	173,640	150,255	159,114	84,864	9,880	83,211	86,824	137,149	86,526	106,526	39,529	7,529	10,270	40,669	20,269	22,670	21,030	19,670	12,669	108,769	59,269	20,269	30,433	17,034	22,552	17,552	16,345	16,664	13,664	13,664	13,659	6,840	4,100	4,100	7,800	0	0	0	0	0	-	-	0	-
Long Term Investments	301,388	260,372	234,338	240,842	237,721	236,411	282,821	270,734	278,859	276,302	240,070	208,811	185,518	393,724	308,119	272,098	195,756	106,038	162,760	145,374	148,400	152,158	153,656	142,686	135,943	143,158	136,188	147,249	134,428	157,891	161,424	145,562	100,142	107,014	91,453	79,515	74,727	79,928	74,374	84,219	69,499	57,779	59,137	65,274	54,310	38,794	37,864	31,866	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	0	0	0	0	0	0	0	-	-	0	-
Net Debt	60,263	80,366	110,234	1,763	196,314	152,351	98,917	52,562	59,681	56,888	-1,046	29,433	77,131	138,673	21,045	107,055	33,283	4,435	13,916	16,523	92,161	63,822	76,793	6,128	-19,649	-29,293	4,593	-43,569	-29,209	328	583	-75,787	71,698	42,656	6,467	14,031	-3,064	12,861	8,397	-16,963	-24,421	-13,676	-2,749	-2,573	40,740	-8,077	-29,136	-8,559	-10,353	0	-26,441	0	-13,350	-	2,291	13,902	-
Net Invested Capital	407,761	422,071	499,323	298,839	467,686	530,819	350,096	320,889	339,429	332,358	333,649	362,183	405,816	404,090	368,791	369,833	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	14,005	13,925	12,244	12,336	11,144	10,407	8,553	8,436	7,594	7,797	7,323	7,429	7,030	6,809	6,303	6,326	5,908	5,723	5,779	5,812	5,761	4,453	4,071	3,693	3,566	3,217	2,903	2,756	2,524	2,557	2,420	2,354	2,107	2,057	1,772	1,813	1,558	1,525	1,366	1,430	1,261	1,333	1,292	1,223	1,223	1,283	1,129	1,135	1,020	0	909	0	914	-	983	1,078	-
Net Tangible Assets	0	0	227,016	217,894	226,016	214,693	216,614	229,751	241,135	233,921	235,051	233,425	222,944	213,310	201,225	193,236	192,473	186,298	181,277	177,613	171,509	129,730	125,895	121,890	118,373	114,510	86,512	81,652	77,004	77,245	73,739	72,712	75,340	73,238	70,855	68,199	65,836	64,006	62,784	63,468	62,313	62,234	61,079	60,941	59,897	59,372	27,902	27,038	0	0	0	0	0	-	-	0	-
Net Working Capital	-1,948,358	2,652,282	2,590,420	2,558,188	-1,299,426	2,326,983	284,923	2,076,013	261,800	1,892,148	1,921,290	1,906,986	1,865,773	1,818,432	1,783,944	1,634,238	30,955	1,531,147	1,486,995	1,468,240	44,630	16,541	12,676	17,076	869,200	24,885	-4,628	-42,167	-19,549	-18,270	-37,754	-20,831	10,277	69,458	29,145	43,744	23,921	27,248	35,629	13,684	3,130	17,407	24,085	31,188	-288,297	301,397,300	-21,620	4,289	0	0	0	0	0	-	-	0	-
Non Current Assets Total	2,879,134	60,265	59,994	61,581	292,764	44,470	311,434	326,262	333,349	331,449	295,922	263,315	237,468	230,726	219,867	208,032	179,172	158,969	149,349	152,900	145,273	126,490	126,566	118,236	108,362	103,106	103,210	135,951	110,375	107,656	123,574	105,714	74,884	72,639	68,936	61,661	65,389	13,747	13,763	13,945	14,634	14,457	14,874	14,590	1,927	15,136,000	11,154	9,957	36,751	0	20,729	0	16,891	-	16,709	15,923	-
Non Current Liabilities Other	0	0	90,484	90,173	86,932	87,425	82,470	82,667	79,429	82,063	79,715	81,954	43,296	44,555	40,313	38,696	33,571	36,245	33,208	31,127	29,877	27,139	26,505	21,026	21,803	24,804	13,392	15,637	10,469	23,735	22,083	20,911	6,981	9,590	6,957	6,773	5,631	4,755	4,041	3,047	3,334	3,300	3,206	3,190	3,344	2,917	1,539	0	0	0	0	0	0	-	-	0	-
Non Current Liabilities Total	666,288	2,662,138	2,647,998	2,533,323	2,401,201	2,424,755	2,176,598	90,345	97,897	97,002	97,290	127,157	181,043	191,670	167,770	176,162	101,934	92,654	98,810	102,333	147,375	96,386	116,408	49,516	17,981	20,110	40,504	20,099	23,656	30,850	29,485	22,479	109,867	59,269	20,269	30,433	17,843	22,552	17,552	16,345	16,664	13,664	13,664	6,840	10,184	281,842	4,100	7,800	8,900	0	3,900	0	21,900	-	5,900	19,800	-
Non Currrent Assets Other	2,679,384	-285,071	-259,423	-265,855	-6,670	-254,881	-4,709	-2,611	70,814	-303	-216	-164	-230,405	-223,486	200,414	179,219	-171,403	137,550	1,402,046	1,382,257	1,415,757	-120	962,317	878,432	832,832	838,165	786,558	675,509	663,323	686,751	629,024	599,049	563,694	550,671	441,183	424,820	378,508	-49,443	-58,363	-72,092	-56,239	-47,131	-44,186	-43,313	2,780	12,396,758	-37,864	-31,866	-36,751	0	-20,729	0	-16,891	-	-16,709	-15,923	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	200,256	247,517	155,388	2,053,589	273,849	1,797,801	-133,748	1,637,056	2,228,694	2,222,613	2,175,586	2,113,241	2,054,626	2,008,756	1,847,168	1,892,228	1,853,966	1,790,414	1,779,016	1,766,917	1,317,821	1,259,108	1,161,848	1,090,145	1,096,997	1,031,792	1,013,835	938,301	935,142	907,494	911,097	752,445	714,619	637,525	603,386	575,143	50,318	34,985	55,231	64,547	47,334	35,803	20,952	51,008	-316,469,787	42,477	22,120	226,769	0	220,805	0	239,279	-	213,005	240,167	-
Other Current Assets	103,863	112,804	159,660	75,799	57,863	1,930,713	42,317	1,771,894	1,637,056	1,580,532	1,588,462	1,605,807	1,586,871	1,593,655	1,469,827	1,409,497	1,335,239	1,337,077	1,305,794	1,282,474	1,318,552	930,450	863,852	787,061	750,352	760,062	707,626	568,268	581,448	605,989	531,296	518,591	508,477	496,992	433,665	417,302	373,965	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	-
Other Current Liab	2,050,288	0	2,365,308	2,443,273	1,584,459	2,083,338	2,016,100	1,919,788	1,915,744	1,863,650	48,722	48,688	10,000	9,800	1,606,872	1,446,269	1,392,408	1,386,602	1,330,000	1,321,550	1,274,219	944,537	870,113	857,478	829,842	840,578	785,697	758,014	712,593	703,164	666,116	696,679	485,178	499,883	470,508	436,320	420,444	380,289	351,644	350,336	336,876	316,868	300,913	293,781	288,949	274,824	307,370	264,468	0	0	0	0	0	-	-	0	-
Other Liab	0	0	33,221	33,045	30,959	31,145	27,962	27,850	26,426	27,589	24,953	26,594	25,257	30,374	25,030	21,213	20,240	22,494	19,204	16,387	19,735	17,279	16,438	11,313	12,565	14,964	13,557	15,807	11,805	13,915	12,268	11,101	8,469	9,590	6,957	6,773	6,440	4,755	4,041	3,047	3,334	3,300	3,206	3,190	3,344	2,917	1,539	1,528	1,708	0	0	0	1,682	-	-	0	-
Other Stockholder Equity	57,362	57,464	56,781	56,138	55,187	53,769	55,129	65,035	67,958	68,387	75,637	81,355	81,027	81,301	81,175	84,010	88,695	87,958	89,701	90,960	90,618	56,108	55,359	54,772	54,018	53,281	26,960	26,479	25,954	25,427	25,012	27,020	29,055	28,599	28,255	27,867	27,562	27,265	26,962	28,039	27,964	27,855	27,739	27,522	-1,775	27,227	553	310	0	0	0	0	0	-	-	0	-
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	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	0	0	0	0	0	0	0	-	-	0	-
Property Plant And Equipment Gross	64,201	37,968	38,751	39,195	31,345	32,045	0	0	0	0	32,787	31,883	32,292	33,149	33,070	33,347	33,786	33,779	34,099	34,167	29,110	16,527	16,273	15,798	15,458	15,463	15,550	15,842	16,012	15,071	14,786	14,703	13,856	13,734	13,953	13,444	13,584	13,747	13,763	13,764	13,818	13,705	13,525	12,663	12,663	12,448	11,154	9,957	9,852	0	9,040	0	9,249	-	10,851	11,302	-
Property Plant And Equipment Net	37,205	37,968	38,751	39,195	31,345	32,045	30,590	31,288	31,148	32,118	32,787	31,883	32,292	33,149	33,070	33,347	33,786	33,779	34,099	34,167	29,110	16,527	16,273	15,798	15,458	15,463	15,550	15,842	16,012	15,071	14,786	14,703	13,856	13,734	13,953	13,444	13,584	13,747	13,763	13,764	13,818	13,705	13,525	12,663	0	12,448	11,154	9,957	9,852	0	9,040	0	9,249	-	10,851	11,302	-
Property Plant Equipment	0	0	31,293	31,781	25,119	32,045	25,740	31,288	31,148	32,118	32,787	31,883	32,292	27,898	28,340	28,655	28,770	33,779	29,517	29,318	29,110	16,527	16,273	15,798	15,458	15,463	15,550	15,842	16,012	15,071	14,786	14,703	13,856	13,734	13,953	13,444	13,584	13,747	13,763	13,764	13,818	13,705	13,525	13,024	12,663	12,448	11,154	9,957	9,852	0	0	0	9,249	9,721	10,852	11,303	8,955
Retained Earnings	230,354	222,532	215,519	208,342	202,065	195,986	189,075	184,748	179,215	171,786	164,606	157,193	146,405	135,921	124,090	114,957	110,715	105,672	99,184	95,383	90,854	79,648	76,102	72,349	68,422	65,049	61,920	57,884	55,584	53,326	50,160	47,622	46,175	44,373	42,592	40,011	38,125	36,772	35,808	35,938	35,215	34,828	33,917	31,746	31,746	30,673	27,349	26,728	26,451	0	25,914	0	24,906	-	31,305	31,682	-
Retained Earnings Total Equity	0	0	215,519	208,342	202,065	195,986	189,075	184,748	179,215	171,786	164,606	157,193	146,405	135,921	124,090	114,957	110,715	105,672	99,184	95,383	90,854	79,648	76,102	72,349	68,422	65,049	61,920	57,884	55,584	53,326	50,160	47,622	46,175	44,373	42,592	40,011	38,125	36,772	35,808	35,938	35,215	34,828	33,917	32,981	31,746	30,674	27,349	26,728	0	0	0	0	0	-	-	0	-
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	12,336	0	0	0	121,233	0	116,620	49,557	3,986	20,250	40,962	10,269	22,495	21,030	19,670	12,669	108,574	0	0	0	17,435	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	-
Short Long Term Debt Total	150,121	178,675	257,080	64,656	242,463	317,108	132,536	90,345	96,714	97,002	97,290	127,157	180,985	189,008	165,095	173,902	99,963	91,625	97,807	101,670	147,014	96,386	116,381	49,379	17,374	20,110	40,504	20,099	22,495	30,850	29,485	22,479	108,574	59,269	20,269	30,433	17,034	22,552	17,552	16,345	16,664	13,664	13,664	6,840	50,153	4,100	4,100	7,800	8,900	0	3,900	0	21,900	-	5,900	19,800	-
Short Term Debt	1,933	7,269	7,690	7,651	1,512	6,836	5,081	5,406	54,186	5,097	5,401	5,285	10,000	5,468	4,945	4,898	12,336	4,881	4,721	4,976	121,233	0	116,620	49,557	3,986	20,250	40,962	10,269	22,495	21,030	19,670	12,669	108,574	0	0	0	17,435	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	-
Short Term Investments	292,933	251,917	225,869	232,373	229,252	227,942	247,832	263,306	271,359	268,802	232,570	201,311	178,018	173,101	168,709	156,466	126,057	106,038	96,252	99,783	97,205	97,374	98,465	91,371	82,480	78,103	78,932	107,241	81,875	80,762	97,728	80,458	55,217	53,679	50,414	44,547	48,744	49,443	58,363	72,092	56,239	47,131	44,186	43,313	43,313	38,794,000	37,864	31,866	16,897	0	0	0	33,183	-	-	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	0	0	0	0	0	0	0	-	-	0	-
Total Assets	2,982,997	2,920,072	2,905,621	2,782,808	2,632,898	2,652,138	2,399,239	2,273,933	2,286,391	2,228,694	2,222,613	2,175,586	2,113,241	2,054,626	2,008,756	1,847,168	1,713,056	1,694,997	1,641,065	1,626,116	1,621,644	1,191,331	1,132,542	1,043,612	981,783	993,891	928,582	877,884	827,926	827,486	783,920	805,383	677,561	641,980	568,589	541,725	509,754	471,602	436,021	433,196	419,187	396,066	378,862	359,030	359,030	341,213	340,911	300,834	283,793	0	272,784	0	292,334	281,836	234,306	263,066	256,385
Total Current Assets	103,863	2,659,551	2,598,110	2,565,839	286,545	2,333,819	290,004	2,081,419	315,986	1,897,245	1,926,691	1,912,271	1,875,773	1,823,900	1,788,889	1,639,136	1,533,884	1,536,028	1,491,716	1,473,216	1,476,371	1,064,841	1,005,976	925,376	873,421	890,785	825,372	741,933	717,551	719,830	660,346	699,669	602,677	569,341	499,653	480,064	444,365	407,537	387,273	364,020	340,006	334,275	328,185	323,488	4,003	301,675,000	287,280	268,757	20,273	0	31,250	0	36,164	-	4,592	6,976	-
Total Current Liabilities	2,052,221	7,269	7,690	7,651	1,585,971	6,836	5,081	5,406	54,186	5,097	5,401	5,285	10,000	5,468	4,945	4,898	1,502,929	4,881	4,721	4,976	1,431,741	1,048,300	993,300	908,300	4,221	865,900	830,000	784,100	737,100	738,100	698,100	720,500	592,400	499,883	470,508	436,320	420,444	380,289	351,644	350,336	336,876	316,868	304,100	292,300	292,300	277,700	308,900	264,468	0	0	0	0	0	-	-	0	-
Total Liab	2,718,509	2,669,407	2,655,688	2,540,974	2,401,201	2,431,591	2,176,598	2,037,983	2,038,884	1,988,241	1,980,853	1,935,275	1,883,234	1,834,076	1,800,115	1,646,339	1,512,814	1,500,740	1,451,639	1,440,164	1,441,606	1,058,202	1,003,171	918,170	859,781	875,652	839,758	793,920	746,893	747,929	707,869	730,259	602,221	568,742	497,734	473,526	443,918	407,596	373,237	369,728	356,874	333,832	317,783	299,133	299,133	281,842	313,009	273,796	257,026	0	246,807	0	267,539	-	203,001	231,377	-
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	88,824	83,964	81,033	79,557	76,051	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	264,488	250,665	249,933	241,834	231,697	220,547	222,641	235,950	247,507	240,453	241,760	240,311	230,007	220,550	208,641	200,829	200,242	194,257	189,426	185,952	180,038	133,129	129,371	125,442	122,002	118,239	88,824	83,964	81,033	79,557	76,051	75,124	75,340	73,238	70,855	68,199	65,836	64,006	62,784	63,468	62,313	62,234	61,079	59,897	59,897	59,371	27,902	27,038	26,767	0	25,977	0	24,795	-	31,304	31,689	-
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-848	-919	-985	-1,051	-1,117	-1,182	-1,248	-1,314	-1,380	-1,439	-1,504	-1,571	-1,637	-1,690	-1,756	-1,822	-1,888	-1,935	-2,001	-2,067	-2,133	-2,174	-2,240	-2,306	-2,372	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	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	2011-12-31	2010-12-31	2009-12-31	2007-12-31	2006-12-31
Begin Period Cash Flow	41,437	26,491	91,576	45,778	32,779	18,915	36,456	24,455	15,555	38,459	6,787	19,253	35,250	28,534	14,457	6,426	7,690
Capital Expenditures	1,671	1,551	1,984	1,379	2,463	3,796	1,016	3,595	1,512	873	2,070	3,644	1,396	1,600	200	3,102	2,536
Cash And Cash Equivalents Changes	0	14,946	-65,085	45,798	12,999	13,864	-17,541	12,001	8,900	-22,904	31,672	-12,466	0	0	0	0	0
Cash Flows Other Operating	0	3,502	-2,330	6,531	4,589	2,655	758	-26,384	-15,237	-8,052	-6,291	-49	0	0	0	0	0
Change In Cash	24,254	14,946	-65,085	45,798	12,999	13,864	-17,541	12,001	8,900	-22,904	31,672	-12,466	-15,997	6,716	14,077	-968	-1,263
Change In Working Capital	-3,733	1,193	-5,725	10,103	-7,179	190	1,410	-4,670	431	2,048	45	1,384	-478	6,542	-1,327	2,808	880
Change Receivables	0	-3,550	-564	-1,122	147	-2,156	-1,042	-417	-549	-297	-38	-203	0	0	0	0	0
Change To Account Receivables	-2,331	-3,550	-564	-1,122	-147	-2,156	-1,042	-417	-549	-297	-38	-203	-106	38	35	0	0
Change To Inventory	0	0	0	0	0	0	13,262	7,967	0	0	1,971	0	0	0	0	0	0
Change To Liabilities	0	2,616	-1,491	5,714	-2,443	-516	1,196	3,073	1,545	2,820	3	1,636	0	0	0	0	0
Change To Netincome	0	138,677	60,799	-95,302	2,880	-8,156	-3,851	11,607	-4,137	-5,769	6,283	-8,410	0	0	0	0	0
Change To Operating Activities	0	4,743	-5,161	11,225	-7,032	810	2,452	-4,253	980	2,345	0	0	0	0	0	0	0
Depreciation	6,064	14,004	15,183	13,618	12,003	5,263	3,938	5,210	2,430	2,731	2,222	972	847	907	1,003	797	652
Dividends Paid	-7,764	7,096	4,602	3,574	2,856	1,915	1,331	1,090	826	704	451	0	0	0	0	0	0
End Period Cash Flow	65,691	41,437	26,491	91,576	45,778	32,779	18,915	36,456	24,455	15,555	38,459	6,787	19,253	35,250	28,534	5,459	6,426
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	41,658	183,347	107,025	-33,696	6,714	17,641	14,068	-7	-8,584	-4,900	4,029	-4,403	3,328	10,036	958	-2,766	-75
Investments	33,736	30,528	-94,797	-270,690	10,554	-203,918	-134,275	-124,474	-119,743	-101,504	-23,926	-77,051	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
Net Borrowings	0	144,000	-83,948	80,945	-52,536	92,871	-5,141	-86,100	91,735	370	9,824	-2,060	0	0	0	0	0
Net Income	35,475	29,649	37,412	39,264	22,717	24,347	14,085	10,499	8,876	4,540	3,920	5,295	1,545	1,602	-4,574	-4,129	1,245
Other Cashflows From Financing Activities	-30,704	3,215,930	437,490	882,394	520,866	1,005,922	613,192	396,370	9	235,027	152,381	99,635	17,461	176,273	103,304	148,847	193,154
Other Cashflows From Investing Activities	0	-533,021	-214,052	606	901	20,753	-34,123	181,330	-18,511	2,487	-5,731	-90	1,806	6,247	0	0	0
Other Non Cash Items	4,206	138,925	57,170	-95,239	-21,727	-9,571	-5,689	-9,272	-20,708	-15,377	-2,454	-6,460	-536	2,585	6,056	1,576	-863
Sale Purchase Of Stock	-578	-15,628	-13,961	-9,802	-5,004	-251	-275	-4,903	-101	-2,221	0	28,607	0	0	0	0	0
Stock Based Compensation	2,010	1,971	3,219	2,327	2,375	1,976	2,058	1,615	1,398	929	442	285	2,810	0	0	571	0
Total Cash From Financing Activities	-131,084	334,092	136,739	348,805	59,023	179,388	136,789	-44,848	155,738	81,013	57,300	69,078	-10,539	8,972	32,229	10,447	-996
Total Cash From Operating Activities	43,329	184,898	109,009	-32,317	9,177	21,437	15,084	3,588	-7,072	-4,027	6,099	-759	4,724	11,636	1,158	336	2,461
Total Cashflows From Investing Activities	0	-504,044	-310,833	-270,690	-55,201	-186,961	-169,414	53,261	-139,766	-99,890	-31,727	-80,785	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	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2009-12-31	2008-09-30	2007-12-31	2006-12-31
Begin Period Cash Flow	80,673	132,099	58,181	41,437	159,797	28,659	29,606	26,491	28,332	86,554	85,446	91,576	36,073	126,124	48,921	45,778	62,894	59,594	63,074	32,779	15,202	21,977	25,640	18,915	31,295	17,802	46,055	36,456	16,513	14,892	85,846	24,455	5,432	6,284	8,884	15,555	8,305	6,279	30,432	38,459	24,714	13,787	6,280	12,177	12,177	33,236	16,359	19,253	30,344	30,341	35,403	35,250	0	-	5,459	5,330	-
Capital Expenditures	276	282	159	954	856	294	241	160	63	326	1,467	128	190	229	377	583	461	261	881	860	1,441	706	900	749	393	300	98	225	1,308	645	444	1,198	444	116	800	152	181	245	251	196	356	425	719	443	96	1,478	1,416	307	1,071	179	40	106	1,600	200	244	167	2,536
Cash And Cash Equivalents Changes	0	0	73,918	16,744	-118,360	131,138	-947	3,115	-1,841	-58,222	1,108	-6,130	55,503	-90,051	77,203	3,143	-17,116	3,300	-3,480	30,295	17,577	-6,775	-3,663	6,725	-12,380	13,493	-28,253	9,599	19,943	1,621	-70,954	61,391	19,023	-852	-2,600	-6,671	7,250	2,026	-24,153	-8,027	13,745	10,927	7,507	-507	-30,404	3,955	16,877	-2,894	0	0	0	0	0	-	-	0	-
Cash Flows Other Operating	0	0	-3,334	184	-861	2,234	2,154	-25	-629	1,646	-1,095	-2,252	6,058	-4,641	-168	5,282	10,152	2,138	252	-7,953	2,986	-175	-919	763	837	150	-475	246	-18,903	-1,122	-1,100	-5,259	-14,512	640	-445	-920	-7,808	185	-122	-307	-6,504	1,581	-1,200	-168	177	0	-471	245	0	0	0	0	0	-	-	0	-
Change In Cash	-14,982	-51,426	73,918	16,744	-118,360	131,138	-947	3,115	-1,841	-58,222	1,108	-6,130	55,503	-90,051	77,203	3,143	-17,116	3,300	-3,480	30,295	17,577	-6,775	-3,663	6,725	-12,380	13,493	-28,253	9,599	19,943	1,621	-70,954	61,391	19,023	-852	-2,600	-6,671	7,250	2,026	-24,153	-8,027	13,745	10,927	7,507	-5,390	-5,390	-21,059	16,877	-2,894	-11,091	3	-5,062	153	0	-	-	129	-
Change In Working Capital	-2,206	1,186	-3,281	568	-757	3,628	-64	-1,614	-3,365	4,023	-4,503	-1,880	4,353	-1,986	3,082	4,654	-7,942	5,003	2,247	-6,487	-4,132	299	4,197	-174	-486	1,304	-3,366	3,958	-1,802	429	-219	-3,078	-1,436	2,857	-1,406	416	1,135	740	918	-745	-92	1,626	-1,139	79,123	-10,599	-42,128	-34,202	-1,409	-2,763	2,239	-409	455	0	-	-	594	-
Change Receivables	0	0	92	-662	-737	-1,854	-117	-842	203	-474	106	-399	-221	-506	23	-418	109	56	33	-51	-1,303	-385	-361	-107	-349	-314	-147	-232	33	-137	-66	-247	-50	-285	41	-255	-33	-159	64	-169	72	-41	36	-105	-94	0	6	-115	0	0	0	0	0	-	-	0	-
Change To Account Receivables	-80	-1,681	92	-662	-737	-1,854	-117	-842	203	-474	106	-399	-221	-506	23	-418	-185	56	33	-51	-1,303	-385	-361	-107	-349	-314	-147	-232	33	-137	-66	-247	-50	-285	41	-255	-33	-159	64	-169	72	-41	36	60	60	-154	6	-115	-53	-58	40	-35	38	35	95	6	-
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,846	4,228	4,816	13,262	0	1,898	15,891	7,967	0	0	0	0	0	0	0	0	0	0	331	1,971	4,273	1,810	0	0	0	0	0	0	0	0	0	0	-	-	0	-
Change To Liabilities	0	0	325	1,700	1,380	3,152	-1,620	-296	-2,488	3,253	-3,322	1,066	-1,183	3,433	3,450	14	-9,250	2,876	2,414	1,517	-5,830	749	5,477	-912	-1,472	1,468	-2,744	3,944	-1,990	1,688	947	2,428	-1,546	2,502	-1,002	1,591	1,399	714	976	-269	-31	86	25	-77	1,778	0	38	-180	0	0	0	0	0	-	-	0	-
Change To Netincome	0	0	14,625	5,679	10,008	20,203	20,520	87,946	240	10,495	47,520	3,031	47,076	-76,395	-24,497	-42,205	33,864	-15,862	-20,961	5,839	-5,260	-111	-4,354	1,569	9,979	-6,491	-19,235	11,896	43,776	-13,509	675	-19,335	23,435	-12,319	-5,033	-10,220	1,986	-3,888	-3,872	5	3,818	2,205	10,838	-10,578	-10,105	630	550	515	0	0	0	0	0	-	-	0	-
Change To Operating Activities	0	0	-3,373	-3,373	-20	5,482	53	-772	-3,568	4,497	-4,609	-1,481	4,574	-1,480	3,059	5,072	-7,757	4,947	2,214	-6,436	-2,829	684	4,558	-67	2,452	1,618	-3,219	246	-4,253	-1,122	-1,100	-5,259	980	0	0	0	2,345	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	-
Depreciation	3,144	3,286	2,861	3,358	3,540	2,783	3,392	4,289	3,509	2,859	3,650	5,165	4,282	2,559	4,599	2,178	2,734	4,966	1,982	2,321	728	1,895	1,501	1,139	1,361	1,063	266	1,248	1,431	1,373	1,672	734	832	641	489	468	176	878	1,129	548	936	773	17	284	284	-68	352	404	209	235	134	269	0	-	-	218	-
Dividends Paid	-1,950	-1,940	1,939	1,935	1,543	1,547	2,372	1,634	1,220	1,151	1,136	1,095	880	882	887	925	875	656	662	663	511	505	504	395	390	325	323	293	288	291	297	214	215	214	213	184	181	182	189	152	150	151	150	0	0	0	0	0	0	0	0	0	0	-	-	0	-
End Period Cash Flow	65,691	80,673	132,099	58,181	41,437	159,797	28,659	29,606	26,491	28,332	86,554	85,446	91,576	36,073	126,124	48,921	45,778	62,894	59,594	63,074	32,779	15,202	21,977	25,640	18,915	31,295	17,802	46,055	36,456	16,513	14,892	85,846	24,455	5,432	6,284	8,884	15,555	8,305	6,279	30,432	38,459	24,714	13,787	6,787	6,787	12,177	33,236	16,359	19,253	30,344	30,341	35,403	35,250	-	-	5,459	5,330
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	0	0	0	0	0	0	0	-	-	0	-
Free Cash Flow	9,793	22,596	23,526	17,517	20,096	34,682	30,787	97,782	9,421	25,784	53,749	18,071	66,885	-63,066	-6,950	-30,565	12,350	1,057	-12,698	6,005	1,597	5,318	4,701	6,025	13,642	-970	-18,074	19,470	25,585	-8,895	4,519	-21,216	9,732	-6,942	-3,956	-7,418	-2,928	-1,369	-1,090	487	-1,528	5,241	10,083	1,733	1,733	-2,947	-2,980	-209	-2,467	3,334	741	1,720	3,776	-	-	-2,325	-
Investments	-64,810	-83,441	-11,801	8,416	6,208	34,047	4,031	-13,758	-3,261	-39,219	-31,580	-25,810	-62,168	-55,494	-63,465	-88,450	20,875	-40,935	2,695	27,919	-16,969	-65,230	-82,918	-38,801	-5,636	-38,160	-40,915	-49,564	-6,452	-27,617	-50,008	-40,397	-9,308	-59,327	-22,516	-28,592	-11,439	-30,092	-23,668	-36,305	504	-12,313	-9,633	-2,484	-85,224	0	3,958	4,215	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	0	0	0	0	0	0	0	-	-	0	-
Net Borrowings	0	0	192,368	-179,000	-74,300	182,800	42,500	-7,000	-7,000	-7,000	-30,000	-53,948	-7,831	23,385	-8,859	74,250	8,000	-6,410	-3,707	-50,419	13,874	-20,000	66,997	32,000	-2,741	-20,400	20,400	-2,400	-8,360	1,359	7,001	-86,100	49,500	39,000	-10,164	13,399	-5,518	5,000	1,207	-319	3,000	0	5	6,819	-14,960	0	4,000	8,900	0	0	0	0	0	-	-	0	-
Net Income	9,617	8,953	9,116	8,212	7,622	8,458	6,699	6,870	8,649	8,331	8,549	11,883	11,364	12,713	10,020	5,167	5,918	7,144	4,463	5,192	11,717	4,051	4,257	4,322	3,679	3,454	4,359	2,593	2,546	3,457	2,835	1,661	2,017	1,995	2,794	2,070	1,533	1,146	986	875	537	1,062	1,086	1,072	1,072	3,325	621	277	312	225	444	564	1,602	-	-	-3,772	-
Other Cashflows From Financing Activities	67,796	771,160	583,234	273,103	1,867,805	897,732	382,854	42,091	44,811	11,744	76,854	155,917	112,035	240,896	271,967	257,496	53,582	110,322	154,281	202,681	150,801	300,311	360,159	194,401	-13,388	60,310	48,355	45,518	99,083	137,099	-960	161,148	185,871	135,483	158,134	91,728	68,256	121,796	29,293	13,460	23,008	40,955	51,617	60,865	-24,441	-3,849	46,902	26,950	865	19,078	-4,565	3,083	12,972	-	-	27,300	-
Other Cashflows From Investing Activities	0	0	-50,470	280,888	-114,095	-184,209	-161,796	-72,921	-57,530	-40,553	1,410	964	-886	1,106	3,262	76	422	116	30,977	363	46,285	-914	-4,618	-20,000	-6,608	-7,362	-17,021	-3,132	682	682	769	180,561	-16,007	-2,752	0	248	-12,840	24	501	14,802	-8,089	2,195	70	93	-2,167	2,632	645	1,432	1,806	0	0	0	6,247	-	-	0	-
Other Non Cash Items	-195	10,190	15,858	5,679	10,008	19,607	20,520	87,946	5,175	16,953	53,115	14,569	59,793	-63,482	-16,582	-40,831	10,350	-12,429	-18,451	6,880	-4,829	2,530	-676	4,734	13,463	-2,233	-14,064	15,822	27,750	-8,226	4,932	-16,924	10,489	-9,623	-1,354	-7,722	-6,174	-2,904	-4,272	-740	-3,074	1,558	10,260	-3,818	-3,818	-2,334	-204	-92	-118	814	612	-193	0	-	-	1,928	-
Sale Purchase Of Stock	-578	-339	268	-16	26,079	-1,732	-10,451	-3,445	-1,319	-6,827	-5,542	-273	-1,127	-447	-3,239	-4,989	-202	-2,104	-2,413	-285	-1	132	44	260	89	25,829	-275	97	29	-34	-2,478	-2,391	17	8	61	1	1	0	-2,222	0	0	0	0	0	28,607	0	0	0	0	0	0	0	0	-	-	0	-
Stock Based Compensation	402	590	364	654	539	500	481	451	889	840	793	697	852	523	403	549	763	513	516	583	322	617	543	494	648	498	484	428	498	398	366	353	430	336	327	305	297	303	219	110	109	116	122	-71,943	0	39,725	31,665	826	846	0	0	538	0	-	-	0	-
Total Cash From Financing Activities	37,193	9,137	112,663	-290,077	-30,569	246,618	126,031	-7,988	49,529	-4,234	40,176	51,268	50,596	28,509	147,618	122,082	13,430	43,062	6,523	-3,992	-13,336	54,051	79,172	59,501	-13,778	59,985	47,757	42,825	810	38,133	-26,234	-57,557	34,606	68,169	23,872	29,091	34,457	33,463	104	12,989	22,858	15,804	6,987	16,875	16,875	-3,949	39,202	16,950	365	9,578	-5,065	-15,417	8,972	32,229	-	6,994	-
Total Cash From Operating Activities	10,069	22,878	23,685	18,471	20,952	34,976	31,028	97,942	9,484	26,110	55,216	18,199	67,075	-62,837	-6,573	-29,982	12,811	1,318	-11,817	6,865	3,038	6,024	5,601	6,774	14,035	-670	-17,976	19,695	26,893	-8,250	4,963	-20,018	10,176	-6,826	-3,156	-7,266	-2,747	-1,124	-839	683	-1,172	5,666	10,802	2,176	2,176	-1,469	-1,564	98	-1,396	3,513	781	1,826	5,376	1,158	327	-2,158	2,461
Total Cashflows From Investing Activities	0	0	-62,430	288,350	-108,743	-150,456	-158,006	-86,839	-60,854	-80,098	-94,284	-75,597	-62,168	-55,723	-63,842	-88,957	-43,357	-41,080	1,814	27,422	27,875	-66,850	-88,436	-59,550	-12,637	-45,822	-58,034	-52,921	-7,760	-28,262	-49,683	138,966	-25,759	-62,195	-23,316	-28,496	-24,460	-30,313	-23,418	-21,699	-7,941	-10,543	-10,282	-2,961	-40,082	0	-20,761	-19,942	0	0	0	0	0	-	25,071	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	2011-12-31	2010-12-31	2009-12-31	2007-12-31	2006-12-31
Cost Of Revenue	4,232	0	0	0	0	-2	5,683	6,563	5,908	4,502	4,348	5,276	5,375	7,366	0	0	0
Depreciation And Amortization	6,064	691	691	706	760	351	400	522	2,430	2,731	2,222	972	847	907	1,003	797	652
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	-2,600	64,715	47,420	49,850	28,130	43,710	29,050	24,954	17,407	9,173	8,117	5,561	4,551	5,488	-53	3,085	7,355
Ebitda	3,464	65,406	48,111	50,556	28,890	44,061	29,450	25,476	19,837	11,904	10,339	6,533	5,398	6,395	950	3,881	8,007
Effect Of Accounting Charges	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	396	0	0	0	0	0	0	0	0	0	0
Gross Profit	187,782	119,670	121,358	127,411	90,269	68,802	61,608	55,071	44,095	30,794	26,616	20,874	15,947	16,108	15,037	14,042	16,328
Income Before Tax	45,272	36,988	47,420	49,850	28,130	28,570	20,579	16,103	13,749	6,471	5,939	3,198	1,545	1,602	-4,574	-3,858	1,819
Income Tax Expense	9,219	7,339	10,008	10,586	5,413	4,223	6,494	5,604	4,873	1,931	2,019	-2,097	0	0	0	272	573
Interest Expense	7,138	14,414	9,725	14,717	19,317	10,228	4,933	4,163	3,658	2,702	2,178	2,363	3,006	3,886	4,521	6,942	5,536
Interest Income	158,568	118,694	96,374	88,837	89,625	62,326	46,181	38,020	31,707	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	36,053	29,649	37,412	39,264	22,717	24,347	14,085	10,499	8,876	4,540	3,920	5,295	1,545	1,602	-4,574	-4,129	1,245
Net Income Applicable To Common Shares	0	29,649	37,412	39,072	22,717	24,347	14,085	10,499	8,876	4,540	3,920	5,295	1,545	1,602	0	0	0
Net Income From Continuing Ops	33,903	29,649	37,412	39,264	22,717	24,347	14,085	10,499	8,876	4,540	3,920	5,295	0	0	0	0	0
Net Interest Income	122,150	104,280	86,649	74,120	70,308	52,098	41,248	33,857	28,049	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
Non Recurring	0	0	0	0	0	0	0	389	876	876	0	0	0	0	0	0	0
Operating Income	-2,600	64,715	47,420	49,850	28,130	38,798	29,050	24,954	17,407	9,173	8,117	5,561	4,551	5,488	-53	3,085	7,355
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	140,801	4,051	-73,938	-77,561	62,139	30,006	32,558	30,117	26,688	21,621	5	5	11,396	9,199	10,039	10,958	8,973
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	13,045	691	691	13,618	12,003	5,263	3,938	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
Selling And Marketing Expenses	1,349	897	634	530	678	747	716	710	709	520	474	280	452	582	596	0	0
Selling General Administrative	56,014	48,856	50,357	38,924	34,174	29,055	27,130	22,469	17,037	14,318	11,137	8,752	9,720	9,623	10,778	15,184	12,520
Tax Provision	8,857	7,339	10,008	10,586	5,413	4,223	6,494	5,604	4,873	0	0	0	0	0	0	0	0
Total Operating Expenses	29,685	4,051	-73,938	-77,561	-62,139	-30,006	-32,558	-30,117	-26,688	-21,621	5	5	-11,396	9,199	10,039	-10,958	-8,973
Total Other Income Expense Net	45,272	-27,727	47,420	49,850	28,130	-10,228	-8,471	-8,851	-3,658	-2,702	-2,178	-2,363	-3,006	-3,886	-4,521	-6,942	-5,536
Total Revenue	192,014	119,670	121,358	127,411	90,269	68,802	61,608	55,071	44,095	30,794	26,616	20,874	15,947	16,108	15,037	14,042	16,328

	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	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2007-12-31
Cost Of Revenue	0	0	-5,525	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-2	3,175	2,547	1,841	1	1,781	1,171	1,058	1,663	1,629	1,596	1,675	1,488	1,522	1,483	1,415	2	1,200	1,107	1,058	1,048	1,077	1,113	1,279	1,749	-543	-569	-603	1,397	1,321	1,357	1,300	7,366	0
Depreciation And Amortization	980	1,002	1,023	459	173	173	172	173	160	177	177	177	177	176	177	176	190	190	190	190	121	77	77	77	100	100	100	100	140	140	140	101	832	641	489	468	176	878	1,129	548	936	773	17	284	284	-68	352	404	209	235	134	269	0	218
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	0	0	0	0	0	0	0	0
Ebit	-2,097	10,480	10,442	18,199	19,448	14,429	13,720	14,508	12,722	16,071	16,494	22,957	21,634	21,878	20,995	12,972	14,045	18,936	12,259	13,450	17,640	9,915	8,466	7,688	7,806	7,703	7,316	6,224	6,306	7,348	6,971	4,330	4,272	4,003	5,192	3,941	2,656	2,461	2,141	1,916	1,382	2,201	2,164	1,829	1,298	1,573	1,234	926	992	925	1,235	1,399	0	-1,477
Ebitda	-1,117	11,482	11,465	18,658	19,621	14,602	13,892	14,681	12,882	16,248	16,671	23,134	21,811	22,054	21,172	13,148	14,235	19,126	12,449	13,640	17,761	9,992	8,543	7,765	7,906	7,803	7,416	6,324	6,446	7,488	7,111	4,431	5,104	4,644	5,681	4,409	2,832	3,339	3,270	2,464	2,318	2,974	2,181	2,113	0	1,505	1,586	1,330	1,201	1,160	1,369	1,668	0	-1,259
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	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	0	0	0	0	0	0	0	0
Gross Profit	49,999	43,270	35,342	35,411	32,300	30,962	28,333	28,075	29,787	30,211	28,759	32,601	34,138	35,871	31,540	25,862	22,086	23,616	22,910	21,656	19,267	16,810	16,835	15,892	15,815	16,685	15,422	13,686	13,920	15,283	14,160	11,707	11,203	11,134	11,752	10,006	9,008	7,909	7,258	6,606	5,985	6,689	7,393	5,740	-8,673	5,748	5,013	4,373	4,261	3,949	3,833	3,903	12,628	3,324
Income Before Tax	12,076	11,482	11,465	10,249	9,564	10,652	8,284	8,488	10,610	11,037	10,444	15,285	14,451	16,185	12,720	6,494	6,613	9,184	5,636	6,697	13,117	5,372	4,945	5,135	5,172	5,410	5,979	4,018	3,951	5,086	4,443	2,622	3,233	3,081	4,308	3,126	1,969	1,710	1,484	1,308	784	1,643	1,652	1,299	1,298	1,002	621	277	312	225	443	564	1,602	-3,339
Income Tax Expense	2,304	2,529	2,349	2,037	1,942	2,194	1,585	1,618	1,961	2,706	1,895	3,402	3,087	3,472	2,700	1,327	695	2,040	1,173	1,505	1,401	1,320	688	813	1,494	1,956	1,620	1,425	1,405	1,629	1,608	961	1,217	1,086	1,514	1,056	436	564	498	433	247	581	566	226	226	-2,323	0	0	0	0	0	0	0	433
Interest Expense	1,933	12,636	9,315	7,950	6,517	3,777	2,216	1,904	2,112	2,352	2,577	2,684	3,078	3,310	3,853	4,476	4,888	4,976	4,831	4,622	3,915	2,725	2,097	1,491	1,373	1,330	1,171	1,058	1,064	1,029	996	1,075	1,038	922	884	815	687	751	657	608	597	558	512	530	531	571	613	649	680	700	792	835	3,886	1,862
Interest Income	44,443	43,270	40,867	38,612	35,819	31,304	26,945	24,626	24,786	25,007	23,797	22,784	22,947	22,228	21,713	21,949	22,238	22,711	22,365	22,311	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	9,772	8,953	9,116	8,212	7,622	8,305	6,561	6,743	8,649	8,331	8,549	11,883	11,364	12,713	10,020	5,167	5,918	7,144	4,463	5,192	11,716	4,052	4,257	4,322	3,678	3,454	4,359	2,593	2,546	3,457	2,835	1,661	2,016	1,995	2,794	2,070	1,533	1,146	986	875	537	1,062	1,086	1,073	1,072	3,325	621	277	312	225	443	564	1,602	-3,772
Net Income Applicable To Common Shares	0	0	9,116	8,212	7,622	8,458	6,699	6,870	8,649	8,331	8,549	11,713	11,241	12,713	10,020	5,167	5,918	7,116	4,463	5,192	11,716	4,052	4,257	4,322	3,679	3,454	4,359	2,593	2,546	3,457	2,835	1,661	2,017	1,995	2,794	2,070	1,533	1,146	986	875	537	1,062	1,086	1,235	1,072	3,325	621	277	312	225	444	564	1,602	0
Net Income From Continuing Ops	9,772	8,953	9,116	8,212	7,622	8,458	6,699	6,870	8,649	8,331	8,549	11,883	11,364	12,713	10,020	5,167	5,918	7,144	4,463	5,192	11,716	4,052	4,257	4,322	3,679	3,454	4,359	2,593	2,546	3,457	2,835	1,661	2,017	1,995	2,794	2,070	1,533	1,146	986	875	537	1,062	1,086	1,235	-19,922	10,526	7,531	7,160	0	0	0	0	0	0
Net Interest Income	30,455	30,634	31,552	30,662	29,302	27,527	24,729	22,722	22,674	22,655	21,220	20,100	19,869	18,918	17,860	17,473	17,350	17,735	17,534	17,689	0	0	0	0	0	0	0	0	0	0	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	193	163	165	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	-14	20	-7	1	-3,222	5,531	-2,305	385	876	0	0	0	876	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	13,616	11,482	11,465	18,199	19,448	14,429	13,720	14,508	12,722	16,071	16,494	22,957	21,634	21,878	20,995	12,972	14,045	18,936	12,259	13,450	17,640	9,915	8,466	7,688	7,806	7,703	7,316	6,224	-64,315	7,348	6,971	4,330	-50,381	4,003	5,192	3,941	-35,571	2,461	2,141	1,916	-32,444	2,201	2,164	-24,315	-35,481	1,573	1,234	926	992	925	1,235	1,399	5,663	-1,477
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	0	0	0	0	0	0	0	0
Other Operating Expenses	37,923	1,118	1,087	868	2,019	851	1,007	1,181	3,815	934	941	919	3,327	710	771	827	3,104	832	807	685	28,746	615	678	593	27,431	570	584	618	23,165	704	731	609	17,489	662	568	497	13,800	455	423	411	11,812	438	491	10,460	4,608	258,000	233	190	3,269	3,024	2,598	2,504	0	4,802
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	0	0	0	0	0	0	0	0
Reconciled Depreciation	3,144	1,002	1,023	459	173	173	172	173	160	177	177	177	4,282	2,559	4,599	2,178	2,734	4,966	1,982	2,321	728	1,895	1,501	1,139	1,361	1,063	266	1,248	1,431	1,373	1,672	734	832	641	489	468	176	878	1,129	548	936	773	17	284	284	-68	352	404	209	235	134	269	0	218
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	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	277	452	430	190	245	220	244	188	205	177	155	97	172	109	103	146	173	178	191	135	183	201	215	149	204	192	182	138	157	202	207	144	251	183	145	130	150	138	125	107	124	107	158	81	80	80	67	53	271	84	56	41	0	0
Selling General Administrative	2,343	666	14,104	14,444	12,942	11,864	11,921	12,129	13,535	12,910	12,055	11,857	11,158	10,515	7,578	9,673	9,059	7,836	8,788	8,491	7,029	7,176	7,761	7,089	6,528	7,315	7,035	6,252	5,654	6,385	5,464	4,968	4,348	4,364	4,298	4,028	4,210	3,619	3,302	3,185	2,761	2,640	3,202	2,844	3,356	3,325	3,017	2,639	2,787	2,344	2,258	2,330	6,058	5,597
Tax Provision	2,304	2,529	2,349	2,037	1,942	2,194	1,585	1,618	1,961	2,706	1,895	3,402	3,087	3,472	2,700	1,327	695	2,040	1,173	1,505	0	0	0	0	0	0	0	0	0	0	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	8,083	1,118	1,087	868	2,019	851	1,007	1,181	3,815	934	941	919	3,327	710	771	827	3,104	832	807	685	-28,744	615	678	593	-27,432	570	584	618	23,165	704	731	609	17,489	662	568	497	13,798	455	423	411	11,812	438	491	9,181	7,000	258,000	233	190	-3,269	-3,024	-2,598	-2,504	0	-4,802
Total Other Income Expense Net	12,076	11,482	11,465	-7,950	-9,884	-3,777	-5,436	-6,020	-2,112	-5,034	-6,050	-7,672	-7,183	-5,693	-8,275	-6,478	-7,432	-9,752	-6,623	-6,753	-4,523	-4,543	-3,521	-2,553	-2,634	-2,293	-1,337	-2,206	58,635	-2,262	-2,528	-1,708	46,337	-922	-884	-815	35,609	-751	-657	-608	27,290	-558	-512	22,417	0	-571	-613	-649	-680	-700	-792	-835	0	-1,862
Total Revenue	49,999	43,270	35,342	35,411	32,300	30,962	28,333	28,075	29,787	30,211	28,759	32,601	34,138	35,871	31,540	25,862	22,086	23,616	22,910	21,656	19,265	16,810	16,835	15,892	15,816	16,685	15,422	13,686	13,920	15,283	14,160	11,707	11,203	11,134	11,752	10,006	9,010	7,909	7,258	6,606	5,985	6,689	7,393	7,019	5,740	5,748	5,013	4,373	4,261	3,949	3,833	3,903	19,994	3,324

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

Gross Profit (+$)
totalRevenue	192,014
Cost of Revenue	-4,232
Gross Profit	187,782	187,782

Operating Income (+$)
Gross Profit	187,782
Operating Expense	-29,685
Operating Income	-2,600	158,097

Operating Expense (+$)
Research Development	0
Selling General Administrative	56,014
Selling And Marketing Expenses	1,349
Operating Expense	29,685	57,363

Net Interest Income (+$)
Interest Income	158,568
Interest Expense	-7,138
Other Finance Cost	-29,280
Net Interest Income	122,150

Pretax Income (+$)
Operating Income	-2,600
Net Interest Income	122,150
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	45,272	-47,872 EBIT - interestExpense = -9,738 45,272 43,191
Interest Expense	7,138
Earnings Before Interest and Taxes (EBIT)	-2,600	52,410
Earnings Before Interest and Taxes (EBITDA)	3,464

After tax Income (+$)
Income Before Tax	45,272
Tax Provision	-8,857
Net Income From Continuing Ops	33,903	36,415
Net Income	36,053
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	140,801
Total Other Income/Expenses Net	45,272	-122,150

Technical Analysis of FS Bancorp Inc
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 FS Bancorp Inc. The general trend of FS Bancorp Inc is BEARISH with 28.6% 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 FS Bancorp Inc'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 (-28.6%)		Bearish trend (28.6%)
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 FS Bancorp Inc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 31.57 < 31.67 < 34.50.

The bearish price targets are: 30.64 > 30.37 > 30.11.

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FS Bancorp Inc 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 FS Bancorp Inc. The current mas is .

The long score for the Moving Averages is 5/14.
The longshort score for the Moving Averages is -4/(-14 +14).

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

FS Bancorp Inc 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 FS Bancorp Inc. The current macd is -0.56864425.

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 FS Bancorp Inc price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for FS Bancorp Inc. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the FS Bancorp Inc price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

FS Bancorp Inc 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 FS Bancorp Inc. The current adx is 13.93.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell FS Bancorp Inc shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.

FS Bancorp Inc 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 FS Bancorp Inc. The current sar is 32.18.

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

FS Bancorp Inc 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 FS Bancorp Inc. The current rsi is 41.45. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
Trending up: The RSI is trending up. +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.

FS Bancorp Inc 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 FS Bancorp Inc. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the FS Bancorp Inc price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

FS Bancorp Inc 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 FS Bancorp Inc. The current cci is -61.17060678.

FS Bancorp Inc 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 FS Bancorp Inc. The current cmo is -18.80252556.

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

FS Bancorp Inc 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 FS Bancorp Inc. The current willr is -79.2815891.

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

WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that FS Bancorp Inc is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

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 FS Bancorp Inc.

FS Bancorp Inc 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 FS Bancorp Inc. The current atr is 0.82115875.

FS Bancorp Inc 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 FS Bancorp Inc. The current obv is -1,698,448.

FS Bancorp Inc 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 FS Bancorp Inc. The current mfi is 61.57.

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

MFI > 50: +1

FS Bancorp Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for FS Bancorp Inc.

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

6.3. Candlestick Patterns

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of FS Bancorp Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	41.452
Ma 20	Greater than	Ma 50	32.482
Ma 50	Greater than	Ma 100	32.813
Ma 100	Greater than	Ma 200	34.154
Open	Greater than	Close	31.630
Total			2/5 (40.0%)

Create your own Symbol Scanner

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FS Bancorp Inc Buy, Hold or Sell?

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Quick analysis of FS Bancorp Inc (30 sec.)

What can you expect buying and holding a share of FS Bancorp Inc? (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 FS Bancorp Inc (5 min.)

$31.44

$33.88

$-270.34 - $152.55

$-236.46 - $186.43

2. Growth of FS Bancorp Inc (5 min.)

Is FS Bancorp Inc growing?

How much money is FS Bancorp Inc making?

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

3. Financial Health of FS Bancorp Inc (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

What can you expect buying and holding a share of FS Bancorp Inc? (5 min.)

What can you expect buying and holding a share of FS Bancorp Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of FS Bancorp Inc

About FS Bancorp Inc

Financial Health

Valuation

1.1. Profitability of FS Bancorp Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of FS Bancorp Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of FS Bancorp Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of FS Bancorp Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of FS Bancorp Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

FS Bancorp Inc
Buy, Hold or Sell?