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Grenke AG
Buy, Hold or Sell?

Let's analyse Grenke together

PenkeI guess you are interested in Grenke AG. 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 Grenke AG. 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 Grenke (30 sec.)










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

How much money do you get?

How much money do you get?
€1.28
When do you have the money?
1 year
How often do you get paid?
70.0%

What is your share worth?

Current worth
€24.84
Expected worth in 1 year
€21.03
How sure are you?
92.5%

+ What do you gain per year?

Total Gains per Share
€-2.63
Return On Investment
-12.0%

For what price can you sell your share?

Current Price per Share
€22.00
Expected price per share
€19.56 - €24.89
How sure are you?
50%

1. Valuation of Grenke (5 min.)




Live pricePrice per Share (EOD)

€22.00

Intrinsic Value Per Share

€-80.23 - €-35.96

Total Value Per Share

€-55.39 - €-11.12

2. Growth of Grenke (5 min.)




Is Grenke growing?

Current yearPrevious yearGrowGrow %
How rich?$1.2b$1.4b-$19.8m-1.4%

How much money is Grenke making?

Current yearPrevious yearGrowGrow %
Making money$25m$24.5m$526.8k2.1%
Net Profit Margin14.2%14.9%--

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

3. Financial Health of Grenke (5 min.)




4. Comparing to competitors in the Credit Services industry (5 min.)




  Industry Rankings (Credit Services)  


Richest
#57 / 253

Most Revenue
#77 / 253

Most Profit
#85 / 253

Most Efficient
#121 / 253

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

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

What can you expect buying and holding a share of Grenke?

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

Speculation

The Price per Share of Grenke is €22.00. 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 Grenke.
  • 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 Grenke, 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 €24.84. Based on the TTM, the Book Value Change Per Share is €-0.95 per quarter. Based on the YOY, the Book Value Change Per Share is €0.34 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 €0.29 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Grenke.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps0.562.6%0.492.2%0.472.2%0.562.5%0.572.6%
Usd Book Value Change Per Share-4.49-20.4%-1.04-4.7%0.371.7%0.080.4%0.421.9%
Usd Dividend Per Share0.000.0%0.321.5%0.492.2%0.411.9%0.271.2%
Usd Total Gains Per Share-4.49-20.4%-0.72-3.3%0.863.9%0.492.2%0.683.1%
Usd Price Per Share27.20-26.58-23.60-46.88-89.41-
Price to Earnings Ratio12.07-16.72-13.97-24.43-42.08-
Price-to-Total Gains Ratio-6.06-455.50-29.96-138.57-241.23-
Price to Book Ratio1.01-0.89-0.78-1.65-5.25-
Price-to-Total Gains Ratio-6.06-455.50-29.96-138.57-241.23-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share23.8876
Number of shares41
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.320.41
Usd Book Value Change Per Share-1.040.08
Usd Total Gains Per Share-0.720.49
Gains per Quarter (41 shares)-29.3219.99
Gains per Year (41 shares)-117.2979.98
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
152-170-127671370
2105-340-24413426150
3157-509-36120139230
4210-679-47826852310
5262-849-59533565390
6315-1019-71240278470
7367-1188-82946991550
8420-1358-946536104630
9472-1528-1063603117710
10525-1698-1180670130790

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%60.00.00.0100.0%
Book Value Change Per Share2.02.00.050.0%10.02.00.083.3%15.05.00.075.0%34.06.00.085.0%48.09.03.080.0%
Dividend per Share3.00.01.075.0%11.00.01.091.7%19.00.01.095.0%28.00.012.070.0%28.00.032.046.7%
Total Gains per Share3.01.00.075.0%11.01.00.091.7%18.02.00.090.0%37.03.00.092.5%51.06.03.085.0%

Fundamentals of Grenke

About Grenke AG

Grenke AG, together with its subsidiaries, provides financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally. It operates through three segments: Leasing, Banking, and Factoring. The company is involved in the leasing activities, such as financing to commercial lessees, rental, service, protection, and maintenance offerings, as well as sale of used equipment; and small-ticket leasing of IT products, such as PCs, notebooks, servers, monitors, software, and other peripheral equipment; leasing office communication products, that includes telecommunication and copier equipment, as well as medical technology products, small machinery and systems, and security devices; and leasing green economy objects, such as wallboxes, photovoltaic systems, and eBikes. It also provides banking products and services, such as fixed deposits to private and business customers through its website; financing services to business start-ups, as well as development loans to SMEs and self-employed professionals; and small-ticket factoring services. The company was formerly known as GrenkeLeasing AG and changed its name to Grenke AG in May 2016. Grenke AG was founded in 1978 and is headquartered in Baden-Baden, Germany.

Fundamental data was last updated by Penke on 2024-05-01 15:01:10.

Financial Health

Profitability Details
 Compared to previous yearCompared 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 yearCompared to industry
The company is operating efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just 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 yearCompared 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 yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Grenke AG.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Grenke to the Credit Services industry mean.
  • A Net Profit Margin of 13.8% means that €0.14 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Grenke AG:

  • The MRQ is 13.8%. The company is making a huge profit. +2
  • The TTM is 14.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ13.8%TTM14.2%-0.4%
TTM14.2%YOY14.9%-0.7%
TTM14.2%5Y16.2%-2.0%
5Y16.2%10Y17.9%-1.7%
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ13.8%13.4%+0.4%
TTM14.2%14.2%0.0%
YOY14.9%16.6%-1.7%
5Y16.2%16.5%-0.3%
10Y17.9%14.4%+3.5%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Grenke to the Credit Services industry mean.
  • 0.3% Return on Assets means that Grenke generated €0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Grenke AG:

  • 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 periodCompared to+/- 
MRQ0.3%TTM0.3%+0.0%
TTM0.3%YOY0.4%0.0%
TTM0.3%5Y0.4%0.0%
5Y0.4%10Y0.5%-0.1%
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3%0.9%-0.6%
TTM0.3%0.9%-0.6%
YOY0.4%0.8%-0.4%
5Y0.4%0.8%-0.4%
10Y0.5%0.7%-0.2%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Grenke to the Credit Services industry mean.
  • 2.1% Return on Equity means Grenke generated €0.02 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Grenke AG:

  • The MRQ is 2.1%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 1.8%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.1%TTM1.8%+0.3%
TTM1.8%YOY1.7%+0.1%
TTM1.8%5Y2.1%-0.3%
5Y2.1%10Y2.9%-0.8%
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ2.1%3.2%-1.1%
TTM1.8%3.2%-1.4%
YOY1.7%3.5%-1.8%
5Y2.1%3.0%-0.9%
10Y2.9%3.4%-0.5%

1.2. Operating Efficiency of Grenke AG.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Grenke is operating .

  • Measures how much profit Grenke 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 Grenke to the Credit Services industry mean.
  • An Operating Margin of 15.0% means the company generated €0.15  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Grenke AG:

  • The MRQ is 15.0%. The company is operating less efficient.
  • The TTM is 17.6%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ15.0%TTM17.6%-2.6%
TTM17.6%YOY16.3%+1.2%
TTM17.6%5Y20.6%-3.1%
5Y20.6%10Y23.2%-2.6%
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ15.0%21.2%-6.2%
TTM17.6%19.4%-1.8%
YOY16.3%27.4%-11.1%
5Y20.6%19.4%+1.2%
10Y23.2%23.9%-0.7%
1.2.2. Operating Ratio

Measures how efficient Grenke is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Credit Services industry mean).
  • An Operation Ratio of 0.85 means that the operating costs are €0.85 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Grenke AG:

  • The MRQ is 0.850. The company is less efficient in keeping operating costs low.
  • The TTM is 0.774. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.850TTM0.774+0.076
TTM0.774YOY0.814-0.039
TTM0.7745Y0.622+0.152
5Y0.62210Y0.616+0.006
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8500.848+0.002
TTM0.7740.842-0.068
YOY0.8140.817-0.003
5Y0.6220.796-0.174
10Y0.6160.745-0.129

1.3. Liquidity of Grenke AG.

1.3. Liquidity
1.3.1. Current Ratio

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

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

Let's take a look of the Current Ratio trends of Grenke AG:

  • The MRQ is 1.557. The company is able to pay all its short-term debts. +1
  • The TTM is 1.471. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.557TTM1.471+0.086
TTM1.471YOY1.303+0.169
TTM1.4715Y1.484-0.013
5Y1.48410Y1.409+0.076
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5572.469-0.912
TTM1.4713.016-1.545
YOY1.3032.905-1.602
5Y1.4844.230-2.746
10Y1.4094.797-3.388
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Grenke to the Credit Services industry mean.
  • A Quick Ratio of 3.33 means the company can pay off €3.33 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Grenke AG:

  • The MRQ is 3.334. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 3.023. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ3.334TTM3.023+0.311
TTM3.023YOY2.391+0.632
TTM3.0235Y2.593+0.429
5Y2.59310Y2.047+0.546
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ3.3341.651+1.683
TTM3.0231.914+1.109
YOY2.3912.3910.000
5Y2.5933.976-1.383
10Y2.0473.900-1.853

1.4. Solvency of Grenke AG.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Grenke to Credit Services industry mean.
  • A Debt to Asset Ratio of 0.84 means that Grenke assets are financed with 83.7% credit (debt) and the remaining percentage (100% - 83.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Grenke AG:

  • The MRQ is 0.837. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.814. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.837TTM0.814+0.023
TTM0.814YOY0.797+0.018
TTM0.8145Y0.818-0.004
5Y0.81810Y0.823-0.005
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8370.727+0.110
TTM0.8140.714+0.100
YOY0.7970.704+0.093
5Y0.8180.693+0.125
10Y0.8230.688+0.135
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Grenke to the Credit Services industry mean.
  • A Debt to Equity ratio of 508.5% means that company has €5.09 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Grenke AG:

  • The MRQ is 5.085. The company is unable to pay all its debts with equity. -1
  • The TTM is 4.359. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ5.085TTM4.359+0.727
TTM4.359YOY3.836+0.523
TTM4.3595Y4.482-0.123
5Y4.48210Y4.650-0.168
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ5.0852.491+2.594
TTM4.3592.437+1.922
YOY3.8362.261+1.575
5Y4.4822.285+2.197
10Y4.6502.427+2.223

2. Market Valuation of Grenke AG

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 Grenke generates.

  • Above 15 is considered overpriced but always compare Grenke to the Credit Services industry mean.
  • A PE ratio of 12.07 means the investor is paying €12.07 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Grenke AG:

  • The EOD is 10.601. Based on the earnings, the company is underpriced. +1
  • The MRQ is 12.071. Based on the earnings, the company is underpriced. +1
  • The TTM is 16.715. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD10.601MRQ12.071-1.470
MRQ12.071TTM16.715-4.645
TTM16.715YOY13.974+2.741
TTM16.7155Y24.429-7.713
5Y24.42910Y42.078-17.649
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
EOD10.6017.769+2.832
MRQ12.0717.055+5.016
TTM16.7157.264+9.451
YOY13.9747.246+6.728
5Y24.4299.016+15.413
10Y42.07811.958+30.120
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Grenke AG:

  • The EOD is -1.121. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -1.277. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -0.412. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.121MRQ-1.277+0.155
MRQ-1.277TTM-0.412-0.865
TTM-0.412YOY-13.781+13.369
TTM-0.4125Y-7.120+6.708
5Y-7.12010Y-2.236-4.884
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
EOD-1.1210.126-1.247
MRQ-1.2770.124-1.401
TTM-0.412-0.077-0.335
YOY-13.781-0.138-13.643
5Y-7.1200.347-7.467
10Y-2.236-0.001-2.235
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Credit Services industry mean).
  • A PB ratio of 1.01 means the investor is paying €1.01 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Grenke AG:

  • The EOD is 0.886. Based on the equity, the company is cheap. +2
  • The MRQ is 1.009. Based on the equity, the company is underpriced. +1
  • The TTM is 0.889. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.886MRQ1.009-0.123
MRQ1.009TTM0.889+0.119
TTM0.889YOY0.776+0.114
TTM0.8895Y1.654-0.764
5Y1.65410Y5.251-3.598
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
EOD0.8860.892-0.006
MRQ1.0090.886+0.123
TTM0.8890.906-0.017
YOY0.7761.026-0.250
5Y1.6541.218+0.436
10Y5.2511.315+3.936
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Grenke AG compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---4.136-0.953-77%0.340-1318%0.073-5775%0.385-1175%
Book Value Per Share--24.83827.673-10%28.066-12%26.767-7%20.773+20%
Current Ratio--1.5571.471+6%1.303+20%1.484+5%1.409+11%
Debt To Asset Ratio--0.8370.814+3%0.797+5%0.818+2%0.823+2%
Debt To Equity Ratio--5.0854.359+17%3.836+33%4.482+13%4.650+9%
Dividend Per Share---0.295-100%0.452-100%0.376-100%0.244-100%
Eps--0.5190.448+16%0.437+19%0.513+1%0.524-1%
Free Cash Flow Per Share---4.9051.949-352%-1.909-61%0.608-907%0.347-1512%
Free Cash Flow To Equity Per Share---5.8421.478-495%-2.177-63%0.378-1645%0.343-1804%
Gross Profit Margin---0.178-0.159-11%-0.118-34%0.041-531%0.218-182%
Intrinsic Value_10Y_max---35.962--------
Intrinsic Value_10Y_min---80.228--------
Intrinsic Value_1Y_max--0.668--------
Intrinsic Value_1Y_min---1.804--------
Intrinsic Value_3Y_max---1.248--------
Intrinsic Value_3Y_min---10.853--------
Intrinsic Value_5Y_max---7.090--------
Intrinsic Value_5Y_min---25.787--------
Market Cap1022903200.000-14%1164714780.0001138328527.000+2%1010581866.000+15%2007308043.200-42%3828561734.459-70%
Net Profit Margin--0.1380.142-3%0.149-8%0.162-15%0.179-23%
Operating Margin--0.1500.176-15%0.163-8%0.206-27%0.232-36%
Operating Ratio--0.8500.774+10%0.814+5%0.622+37%0.616+38%
Pb Ratio0.886-14%1.0090.889+13%0.776+30%1.654-39%5.251-81%
Pe Ratio10.601-14%12.07116.715-28%13.974-14%24.429-51%42.078-71%
Price Per Share22.000-14%25.05024.483+2%21.735+15%43.172-42%82.342-70%
Price To Free Cash Flow Ratio-1.121+12%-1.277-0.412-68%-13.781+979%-7.120+458%-2.236+75%
Price To Total Gains Ratio-5.320+12%-6.057455.500-101%29.956-120%138.573-104%241.231-103%
Quick Ratio--3.3343.023+10%2.391+39%2.593+29%2.047+63%
Return On Assets--0.0030.003+2%0.004-4%0.004-11%0.005-33%
Return On Equity--0.0210.018+16%0.017+22%0.021-1%0.029-29%
Total Gains Per Share---4.136-0.659-84%0.792-622%0.449-1021%0.629-758%
Usd Book Value--1253957846.0001397073343.700-10%1416911995.500-12%1351346613.980-7%1048708637.680+20%
Usd Book Value Change Per Share---4.491-1.035-77%0.369-1318%0.079-5775%0.418-1175%
Usd Book Value Per Share--26.96930.047-10%30.474-12%29.064-7%22.555+20%
Usd Dividend Per Share---0.320-100%0.491-100%0.409-100%0.265-100%
Usd Eps--0.5630.486+16%0.475+19%0.558+1%0.569-1%
Usd Free Cash Flow---247629719.60098391395.700-352%-96378865.400-61%30682699.270-907%17542293.380-1512%
Usd Free Cash Flow Per Share---5.3262.116-352%-2.073-61%0.660-907%0.377-1512%
Usd Free Cash Flow To Equity Per Share---6.3431.605-495%-2.364-63%0.411-1645%0.372-1804%
Usd Market Cap1110668294.560-14%1264647308.1241235997114.617+2%1097289790.103+15%2179535073.307-42%4157052331.276-70%
Usd Price Per Share23.888-14%27.19926.583+2%23.600+15%46.876-42%89.407-70%
Usd Profit--26192753.40025059178.200+5%24532293.750+7%28119776.950-7%27773895.360-6%
Usd Revenue--190256047.600176483760.400+8%166676814.800+14%174098420.670+9%372878106.850-49%
Usd Total Gains Per Share---4.491-0.715-84%0.860-622%0.488-1021%0.683-758%
 EOD+4 -4MRQTTM+13 -23YOY+11 -255Y+8 -2810Y+8 -28

3.2. Fundamental Score

Let's check the fundamental score of Grenke AG based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1510.601
Price to Book Ratio (EOD)Between0-10.886
Net Profit Margin (MRQ)Greater than00.138
Operating Margin (MRQ)Greater than00.150
Quick Ratio (MRQ)Greater than13.334
Current Ratio (MRQ)Greater than11.557
Debt to Asset Ratio (MRQ)Less than10.837
Debt to Equity Ratio (MRQ)Less than15.085
Return on Equity (MRQ)Greater than0.150.021
Return on Assets (MRQ)Greater than0.050.003
Total7/10 (70.0%)

3.3. Technical Score

Let's check the technical score of Grenke AG based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5048.193
Ma 20Greater thanMa 5021.898
Ma 50Greater thanMa 10022.320
Ma 100Greater thanMa 20022.641
OpenGreater thanClose22.150
Total2/5 (40.0%)



Reversals in quarterly reports

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

 2022-12-312023-03-312023-06-302023-09-302023-12-31
Other Current Assets  14,425169,595184,020-18,898165,1227,957173,079-6,987,019-6,813,940



Latest Balance Sheet

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

Summary
Total Assets7,099,541
Total Liabilities5,944,671
Total Stockholder Equity1,168,978
 As reported
Total Liabilities 5,944,671
Total Stockholder Equity+ 1,168,978
Total Assets = 7,099,541

Assets

Total Assets7,099,541
Total Current Assets3,180,347
Long-term Assets3,919,194
Total Current Assets
Cash And Cash Equivalents 697,202
Short-term Investments 609
Net Receivables 6,112,603
Inventory 4,135
Other Current Assets -6,813,940
Total Current Assets  (as reported)3,180,347
Total Current Assets  (calculated)609
+/- 3,179,738
Long-term Assets
Property Plant Equipment 124,350
Goodwill 34,373
Intangible Assets 12,172
Long-term Assets Other 3,697,336
Long-term Assets  (as reported)3,919,194
Long-term Assets  (calculated)3,868,231
+/- 50,963

Liabilities & Shareholders' Equity

Total Current Liabilities2,042,649
Long-term Liabilities3,702,022
Total Stockholder Equity1,168,978
Total Current Liabilities
Short-term Debt 1,843,165
Short Long Term Debt 1,200,265
Accounts payable 42,796
Other Current Liabilities 66,507
Total Current Liabilities  (as reported)2,042,649
Total Current Liabilities  (calculated)3,152,733
+/- 1,110,084
Long-term Liabilities
Long term Debt 2,601,562
Capital Lease Obligations 36,512
Long-term Liabilities  (as reported)3,702,022
Long-term Liabilities  (calculated)2,638,074
+/- 1,063,948
Total Stockholder Equity
Common Stock46,496
Retained Earnings 813,586
Accumulated Other Comprehensive Income 10,877
Other Stockholders Equity 298,019
Total Stockholder Equity (as reported)1,168,978
Total Stockholder Equity (calculated)1,168,978
+/-0
Other
Capital Stock46,496
Cash and Short Term Investments 697,202
Common Stock Shares Outstanding 46,496
Current Deferred Revenue90,181
Liabilities and Stockholders Equity 7,099,541
Net Debt 4,957,791
Net Invested Capital 5,170,805
Net Working Capital 1,137,698
Property Plant and Equipment Gross 287,799
Short Long Term Debt Total 5,654,993



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-31
> Total Assets 
0
0
0
1,501,659
1,493,104
1,565,701
1,555,870
1,670,993
1,718,897
1,816,151
1,850,884
1,968,968
2,008,751
2,122,920
2,231,701
2,352,292
2,522,545
2,500,067
2,537,551
2,638,088
2,677,929
2,774,211
2,859,666
2,924,950
3,045,280
3,157,629
3,247,394
3,474,530
3,537,855
3,687,325
3,743,836
3,971,452
4,181,504
4,392,193
4,687,384
4,842,205
5,206,234
5,432,198
5,520,086
5,876,491
6,183,164
6,525,141
6,797,982
7,147,482
7,360,439
7,689,296
7,386,616
7,331,781
7,246,840
6,838,718
6,794,065
6,660,940
6,520,964
6,372,004
6,361,964
6,412,743
6,804,523
6,707,057
7,122,050
7,099,541
7,099,5417,122,0506,707,0576,804,5236,412,7436,361,9646,372,0046,520,9646,660,9406,794,0656,838,7187,246,8407,331,7817,386,6167,689,2967,360,4397,147,4826,797,9826,525,1416,183,1645,876,4915,520,0865,432,1985,206,2344,842,2054,687,3844,392,1934,181,5043,971,4523,743,8363,687,3253,537,8553,474,5303,247,3943,157,6293,045,2802,924,9502,859,6662,774,2112,677,9292,638,0882,537,5512,500,0672,522,5452,352,2922,231,7012,122,9202,008,7511,968,9681,850,8841,816,1511,718,8971,670,9931,555,8701,565,7011,493,1041,501,659000
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,018,145
1,020,928
1,152,074
1,073,543
1,071,231
1,104,995
1,088,517
1,116,243
1,156,664
1,179,250
1,235,931
1,267,502
1,309,931
1,427,593
1,426,804
1,479,792
1,495,166
1,608,963
1,713,333
1,788,278
1,974,240
1,969,693
2,220,685
2,313,370
2,307,391
2,433,300
2,555,157
2,715,917
2,840,426
2,972,450
3,123,137
3,616,511
3,314,176
3,407,121
3,490,281
3,206,701
3,306,500
3,195,670
3,069,256
2,856,567
2,828,623
2,847,293
3,189,254
3,095,616
3,365,618
3,180,347
3,180,3473,365,6183,095,6163,189,2542,847,2932,828,6232,856,5673,069,2563,195,6703,306,5003,206,7013,490,2813,407,1213,314,1763,616,5113,123,1372,972,4502,840,4262,715,9172,555,1572,433,3002,307,3912,313,3702,220,6851,969,6931,974,2401,788,2781,713,3331,608,9631,495,1661,479,7921,426,8041,427,5931,309,9311,267,5021,235,9311,179,2501,156,6641,116,2431,088,5171,104,9951,071,2311,073,5431,152,0741,020,9282,018,14500000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
116,707
201,649
111,237
86,214
109,770
53,639
53,381
83,085
88,395
115,905
110,577
122,034
186,453
142,956
116,252
120,025
156,896
152,930
156,787
290,868
203,367
371,333
316,009
245,225
333,626
314,102
309,252
411,124
434,379
548,856
1,077,981
796,715
944,733
1,054,669
843,757
1,018,256
853,071
739,347
515,059
459,644
448,844
832,586
615,815
980,031
697,202
697,202980,031615,815832,586448,844459,644515,059739,347853,0711,018,256843,7571,054,669944,733796,7151,077,981548,856434,379411,124309,252314,102333,626245,225316,009371,333203,367290,868156,787152,930156,896120,025116,252142,956186,453122,034110,577115,90588,39583,08553,38153,639109,77086,214111,237201,649116,707000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,715
22,605
84,242
79,430
80,453
15,204
78,021
78,782
77,900
1,280
64,905
53,821
61,852
1,099
52,216
63,793
73,329
1,443
85,490
122,732
103,750
1,780
112,786
147,922
175,615
2,712
181,750
201,712
224,635
1,016
236,626
250,480
254,447
1,588
158,530
159,860
153,445
300
178,256
161,076
180,398
617
122,728
136,203
130,848
609
609130,848136,203122,728617180,398161,076178,256300153,445159,860158,5301,588254,447250,480236,6261,016224,635201,712181,7502,712175,615147,922112,7861,780103,750122,73285,4901,44373,32963,79352,2161,09961,85253,82164,9051,28077,90078,78278,02115,20480,45379,43084,24222,6052,71500000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,618,378
3,480,004
3,650,895
3,772,237
4,419,858
4,118,799
4,325,130
4,479,600
5,237,193
7,955
7,627
8,269
6,324,406
5,784,918
5,691,255
5,657,335
6,086,739
5,491,953
5,330,422
5,161,991
5,547,333
5,108,143
5,154,350
5,179,287
2,382,904
5,335,169
5,461,424
5,521,983
6,112,603
6,112,6035,521,9835,461,4245,335,1692,382,9045,179,2875,154,3505,108,1435,547,3335,161,9915,330,4225,491,9536,086,7395,657,3355,691,2555,784,9186,324,4068,2697,6277,9555,237,1934,479,6004,325,1304,118,7994,419,8583,772,2373,650,8953,480,0043,618,3780000000000000000000000000000000
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,015,430
880,892
866,183
882,876
904,564
979,217
956,857
984,080
995,679
1,088,602
1,055,121
1,103,104
1,126,045
1,238,498
1,231,632
1,299,747
1,301,812
1,450,287
1,474,913
1,508,759
1,579,622
1,764,322
1,736,566
1,849,439
1,886,551
2,096,638
2,059,305
2,204,953
2,204,667
2,536,568
2,337,655
2,288,050
2,263,014
2,460,421
2,277,082
2,203,084
2,134,799
2,341,858
158,730
183,941
177,584
14,425
184,020
165,122
173,079
-6,813,940
-6,813,940173,079165,122184,02014,425177,584183,941158,7302,341,8582,134,7992,203,0842,277,0822,460,4212,263,0142,288,0502,337,6552,536,5682,204,6672,204,9532,059,3052,096,6381,886,5511,849,4391,736,5661,764,3221,579,6221,508,7591,474,9131,450,2871,301,8121,299,7471,231,6321,238,4981,126,0451,103,1041,055,1211,088,602995,679984,080956,857979,217904,564882,876866,183880,8922,015,43000000000000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
213,556
1,331,364
1,370,471
1,426,524
1,466,320
1,533,093
1,589,412
1,657,968
1,703,002
1,745,700
1,809,349
1,890,127
1,937,463
2,046,937
2,111,051
2,207,533
2,248,670
2,362,489
2,468,171
2,603,915
2,713,144
2,872,512
2,985,549
3,118,828
3,212,695
3,443,191
3,628,007
3,809,224
3,957,556
4,175,032
4,237,302
4,072,785
4,072,440
3,924,660
3,756,559
3,632,017
3,487,565
3,465,270
3,451,708
3,515,437
3,533,341
3,565,450
3,615,269
3,611,441
3,756,432
3,919,194
3,919,1943,756,4323,611,4413,615,2693,565,4503,533,3413,515,4373,451,7083,465,2703,487,5653,632,0173,756,5593,924,6604,072,4404,072,7854,237,3024,175,0323,957,5563,809,2243,628,0073,443,1913,212,6953,118,8282,985,5492,872,5122,713,1442,603,9152,468,1712,362,4892,248,6702,207,5332,111,0512,046,9371,937,4631,890,1271,809,3491,745,7001,703,0021,657,9681,589,4121,533,0931,466,3201,426,5241,370,4711,331,364213,55600000000000000
       Property Plant Equipment 
0
0
0
35,394
35,265
35,565
35,272
35,645
36,368
36,856
35,531
35,653
32,088
32,810
35,064
37,035
38,135
38,936
40,291
40,067
40,361
40,491
40,455
40,411
41,039
40,995
41,665
46,351
46,937
48,521
48,850
48,369
49,005
50,504
51,830
55,415
76,878
82,220
83,533
89,980
132,886
141,969
151,350
159,407
162,678
165,484
162,577
134,326
130,807
129,344
125,829
124,061
116,402
125,454
123,016
121,007
126,005
123,975
123,754
124,350
124,350123,754123,975126,005121,007123,016125,454116,402124,061125,829129,344130,807134,326162,577165,484162,678159,407151,350141,969132,88689,98083,53382,22076,87855,41551,83050,50449,00548,36948,85048,52146,93746,35141,66540,99541,03940,41140,45540,49140,36140,06740,29138,93638,13537,03535,06432,81032,08835,65335,53136,85636,36835,64535,27235,56535,26535,394000
       Goodwill 
0
0
0
11,178
12,484
12,327
13,002
12,985
12,923
14,006
13,540
13,441
13,858
13,804
0
48,815
48,568
52,998
52,746
52,747
54,357
57,836
57,937
57,351
63,454
62,506
62,175
62,161
65,916
67,242
67,058
66,515
70,696
83,437
82,935
82,845
103,433
103,174
105,401
106,584
106,934
106,840
107,000
106,555
103,450
102,395
93,964
43,629
43,721
43,732
43,702
41,031
41,017
40,934
36,835
34,940
34,957
35,000
34,983
34,373
34,37334,98335,00034,95734,94036,83540,93441,01741,03143,70243,73243,72143,62993,964102,395103,450106,555107,000106,840106,934106,584105,401103,174103,43382,84582,93583,43770,69666,51567,05867,24265,91662,16162,17562,50663,45457,35157,93757,83654,35752,74752,74652,99848,56848,815013,80413,85813,44113,54014,00612,92312,98513,00212,32712,48411,178000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,625
165,091
175,241
184,943
10,511
185,593
201,039
222,654
14,517
273,749
295,414
320,788
12,112
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000012,112320,788295,414273,74914,517222,654201,039185,59310,511184,943175,241165,0918,6250000000000000000000000000000000
       Intangible Assets 
0
0
0
2,333
2,163
1,970
1,781
1,660
1,555
1,805
1,696
2,176
1,990
1,949
0
10,328
9,869
13,391
12,971
12,917
13,215
14,357
14,434
14,264
17,713
17,630
17,177
17,171
18,975
19,445
19,662
20,069
38,045
41,590
40,641
35,402
45,068
43,751
42,825
41,913
40,820
40,323
39,121
37,899
36,342
36,101
34,502
23,829
23,249
22,314
19,890
19,278
18,270
17,730
17,288
16,514
14,927
13,394
12,238
12,172
12,17212,23813,39414,92716,51417,28817,73018,27019,27819,89022,31423,24923,82934,50236,10136,34237,89939,12140,32340,82041,91342,82543,75145,06835,40240,64141,59038,04520,06919,66219,44518,97517,17117,17717,63017,71314,26414,43414,35713,21512,91712,97113,3919,86910,32801,9491,9902,1761,6961,8051,5551,6601,7811,9702,1632,333000
       Other Assets 
0
0
0
1,501,659
1,493,104
1,565,701
1,555,870
1,670,993
1,718,897
1,816,151
1,850,884
1,968,968
2,008,751
2,122,920
2,445,257
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
27,978
16,413
12,571
12,430
23,177
14,321
18,123
19,854
29,901
14,018
18,634
112,433
39,375
20,897
20,627
21,860
41,688
20,780
29,395
24,934
37,289
135,182
24,130
133,724
106,872
100,271
95,678
96,157
7,099,541
7,099,54196,15795,678100,271106,872133,72424,130135,18237,28924,93429,39520,78041,68821,86020,62720,89739,375112,43318,63414,01829,90119,85418,12314,32123,17712,43012,57116,41327,97800000000000000002,445,2572,122,9202,008,7511,968,9681,850,8841,816,1511,718,8971,670,9931,555,8701,565,7011,493,1041,501,659000
> Total Liabilities 
0
0
0
1,238,775
1,222,805
1,295,726
1,278,098
1,383,220
1,422,944
1,518,700
1,544,472
1,651,311
1,680,784
1,795,090
1,892,732
2,001,319
2,106,722
2,085,995
2,110,017
2,198,626
2,223,796
2,315,272
2,382,876
2,431,964
2,528,263
2,637,256
2,678,617
2,883,876
2,928,090
3,071,607
3,102,526
3,281,032
3,465,055
3,673,189
3,864,410
3,985,636
4,383,023
4,409,374
4,462,774
4,789,394
5,067,809
5,413,533
5,650,862
5,898,732
6,095,579
6,416,797
6,126,522
6,138,678
6,050,814
5,619,055
5,567,373
5,391,944
5,236,376
5,083,335
5,047,598
5,080,576
5,484,628
5,382,277
5,774,889
5,944,671
5,944,6715,774,8895,382,2775,484,6285,080,5765,047,5985,083,3355,236,3765,391,9445,567,3735,619,0556,050,8146,138,6786,126,5226,416,7976,095,5795,898,7325,650,8625,413,5335,067,8094,789,3944,462,7744,409,3744,383,0233,985,6363,864,4103,673,1893,465,0553,281,0323,102,5263,071,6072,928,0902,883,8762,678,6172,637,2562,528,2632,431,9642,382,8762,315,2722,223,7962,198,6262,110,0172,085,9952,106,7222,001,3191,892,7321,795,0901,680,7841,651,3111,544,4721,518,7001,422,9441,383,2201,278,0981,295,7261,222,8051,238,775000
   > Total Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
758,164
856,767
887,237
938,171
880,293
909,423
855,221
910,955
849,974
913,937
988,868
904,320
1,199,096
1,088,202
1,161,588
1,178,593
1,328,512
1,247,246
1,432,815
1,374,975
1,390,294
1,673,609
1,548,091
1,671,525
1,642,962
1,626,813
1,791,427
1,883,467
1,861,352
2,019,000
2,212,277
2,044,711
2,073,208
2,317,050
2,155,202
2,118,013
2,287,620
2,103,949
2,190,789
2,205,150
2,443,391
2,379,027
2,271,622
2,071,100
2,042,649
2,042,6492,071,1002,271,6222,379,0272,443,3912,205,1502,190,7892,103,9492,287,6202,118,0132,155,2022,317,0502,073,2082,044,7112,212,2772,019,0001,861,3521,883,4671,791,4271,626,8131,642,9621,671,5251,548,0911,673,6091,390,2941,374,9751,432,8151,247,2461,328,5121,178,5931,161,5881,088,2021,199,096904,320988,868913,937849,974910,955855,221909,423880,293938,171887,237856,767758,164000000000000000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,715
523,309
627,236
666,279
722,038
664,687
668,710
622,483
672,156
619,737
617,111
696,975
608,777
860,921
739,954
824,445
833,631
990,161
843,911
1,039,991
969,131
975,567
1,120,721
1,038,945
1,181,868
1,133,872
1,032,896
1,174,807
1,274,147
1,239,529
1,243,765
1,308,433
1,182,201
1,035,046
11,384
1,026,649
995,532
1,184,517
959,362
1,191,961
1,250,140
1,409,576
1,273,233
1,301,214
1,204,710
1,843,165
1,843,1651,204,7101,301,2141,273,2331,409,5761,250,1401,191,961959,3621,184,517995,5321,026,64911,3841,035,0461,182,2011,308,4331,243,7651,239,5291,274,1471,174,8071,032,8961,133,8721,181,8681,038,9451,120,721975,567969,1311,039,991843,911990,161833,631824,445739,954860,921608,777696,975617,111619,737672,156622,483668,710664,687722,038666,279627,236523,3092,71500000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,708,244
2,792,793
2,990,743
984,466
987,892
1,133,601
1,051,029
1,198,958
1,146,258
1,447,788
1,611,571
1,721,292
1,716,313
1,795,001
2,010,946
1,868,407
1,048,715
2,043,386
1,038,028
984,241
1,172,909
948,289
1,181,069
1,239,757
1,399,219
1,262,161
1,290,236
1,193,608
1,200,265
1,200,2651,193,6081,290,2361,262,1611,399,2191,239,7571,181,069948,2891,172,909984,2411,038,0282,043,3861,048,7151,868,4072,010,9461,795,0011,716,3131,721,2921,611,5711,447,7881,146,2581,198,9581,051,0291,133,601987,892984,4662,990,7432,792,7932,708,2440000000000000000000000000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14,828
14,682
13,114
11,909
10,747
12,912
15,838
12,094
9,821
16,664
17,000
15,631
10,489
16,092
16,691
18,473
18,015
23,185
23,802
22,072
21,238
30,230
23,967
24,986
28,763
37,607
38,609
37,702
36,848
38,447
24,827
37,313
39,781
34,318
34,258
34,658
66,870
65,266
61,042
54,380
58,349
58,886
73,123
63,021
42,796
42,79663,02173,12358,88658,34954,38061,04265,26666,87034,65834,25834,31839,78137,31324,82738,44736,84837,70238,60937,60728,76324,98623,96730,23021,23822,07223,80223,18518,01518,47316,69116,09210,48915,63117,00016,6649,82112,09415,83812,91210,74711,90913,11414,68214,828000000000000000
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
220,027
214,849
207,844
204,224
204,859
227,801
216,900
226,705
220,416
280,162
274,893
279,912
327,686
332,156
320,452
326,489
320,336
380,150
369,022
383,772
393,489
522,658
485,179
464,671
480,327
556,310
578,011
571,618
584,975
736,788
879,017
825,197
998,381
2,271,348
1,094,295
1,076,086
1,036,233
1,079,321
937,786
900,630
896,349
902,057
191,426
156,882
66,507
66,507156,882191,426902,057896,349900,630937,7861,079,3211,036,2331,076,0861,094,2952,271,348998,381825,197879,017736,788584,975571,618578,011556,310480,327464,671485,179522,658393,489383,772369,022380,150320,336326,489320,452332,156327,686279,912274,893280,162220,416226,705216,900227,801204,859204,224207,844214,849220,027000000000000000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,243,155
1,249,955
1,198,758
1,171,846
1,318,333
1,314,373
1,460,051
1,471,921
1,581,990
1,614,326
1,648,388
1,774,297
1,684,780
1,839,888
1,910,019
1,923,933
1,952,520
2,217,809
2,240,374
2,489,435
2,595,342
2,709,414
2,861,283
2,791,249
3,146,432
3,440,996
3,622,106
3,767,395
4,037,380
4,076,579
4,204,520
4,081,811
4,065,470
3,733,764
3,463,853
3,449,360
3,104,324
3,132,427
2,892,546
2,842,448
2,637,185
3,105,601
3,110,655
3,703,789
3,702,022
3,702,0223,703,7893,110,6553,105,6012,637,1852,842,4482,892,5463,132,4273,104,3243,449,3603,463,8533,733,7644,065,4704,081,8114,204,5204,076,5794,037,3803,767,3953,622,1063,440,9963,146,4322,791,2492,861,2832,709,4142,595,3422,489,4352,240,3742,217,8091,952,5201,923,9331,910,0191,839,8881,684,7801,774,2971,648,3881,614,3261,581,9901,471,9211,460,0511,314,3731,318,3331,171,8461,198,7581,249,9551,243,155000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,010,497
3,978,724
3,657,082
3,382,485
3,381,911
3,035,212
3,067,780
2,826,804
2,772,914
2,570,222
3,044,188
3,043,561
3,632,928
0
03,632,9283,043,5613,044,1882,570,2222,772,9142,826,8043,067,7803,035,2123,381,9113,382,4853,657,0823,978,7244,010,4970000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
56,295
55,588
59,311
60,734
61,401
48,517
51,955
55,298
52,444
53,121
58,301
65,211
66,903
61,042
60,185
61,362
65,981
55,802
65,928
55,177
59,451
57,265
60,117
66,549
63,521
0
0
0
0
000063,52166,54960,11757,26559,45155,17765,92855,80265,98161,36260,18561,04266,90365,21158,30153,12152,44455,29851,95548,51761,40160,73459,31155,58856,2950000000000000000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,357
0
0
0
11,064
0
0
0
13,468
0
0
0
16,004
0
0
0
16,484
0
0
0
13,928
0
0
0
13,638
0
0
0
0
000013,63800013,92800016,48400016,00400013,46800011,0640008,3570000000000000000000000000000000
> Total Stockholder Equity
0
0
0
262,884
270,299
269,975
277,772
287,773
295,953
297,451
306,412
317,657
327,967
327,830
338,969
350,973
415,823
414,072
427,534
439,462
454,175
458,939
476,790
492,986
517,017
520,373
568,777
590,654
609,765
615,718
641,310
690,420
716,449
719,004
822,974
856,569
823,211
1,022,824
1,057,312
1,087,097
1,115,355
1,111,608
1,147,120
1,248,750
1,264,860
1,272,499
1,260,094
1,218,208
1,222,832
1,246,424
1,257,146
1,299,495
1,316,221
1,313,453
1,341,923
1,361,302
1,339,254
1,344,150
1,358,685
1,168,978
1,168,9781,358,6851,344,1501,339,2541,361,3021,341,9231,313,4531,316,2211,299,4951,257,1461,246,4241,222,8321,218,2081,260,0941,272,4991,264,8601,248,7501,147,1201,111,6081,115,3551,087,0971,057,3121,022,824823,211856,569822,974719,004716,449690,420641,310615,718609,765590,654568,777520,373517,017492,986476,790458,939454,175439,462427,534414,072415,823350,973338,969327,830327,967317,657306,412297,451295,953287,773277,772269,975270,299262,884000
   Common Stock
0
0
0
17,491
17,491
17,491
17,491
17,491
17,491
17,491
17,491
17,491
17,491
17,491
17,491
17,491
18,790
18,790
18,790
18,790
18,790
18,859
18,859
18,859
18,859
18,859
18,859
18,859
18,859
18,881
18,881
18,881
18,881
44,313
44,313
44,313
44,313
46,354
46,354
46,354
46,354
46,354
46,354
46,354
46,354
46,354
46,496
46,496
46,496
46,496
46,496
46,496
46,496
46,496
46,496
46,496
46,496
46,496
46,496
46,496
46,49646,49646,49646,49646,49646,49646,49646,49646,49646,49646,49646,49646,49646,49646,35446,35446,35446,35446,35446,35446,35446,35446,35444,31344,31344,31344,31318,88118,88118,88118,88118,85918,85918,85918,85918,85918,85918,85918,85918,79018,79018,79018,79018,79017,49117,49117,49117,49117,49117,49117,49117,49117,49117,49117,49117,49117,491000
   Retained Earnings Total Equity000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
-10,718
0
0
0
-13,436
0
0
0
-15,751
0
0
0
-17,487
0
0
0
-19,751
0
0
0
-20,282
0
0
0
-23,068
0
0
0
-27,336
0
0
0
-33,094
0
0
0
-44,701
0
0
0
-98,919
0
0
0
0
0
0
0
0
0
0
0
17,312
19,015
20,338
18,638
10,877
10,87718,63820,33819,01517,31200000000000-98,919000-44,701000-33,094000-27,336000-23,068000-20,282000-19,751000-17,487000-15,751000-13,436000-10,718000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
289,314
289,314
289,314
289,314
298,021
298,019
298,019
298,019
298,019
298,019
298,019
298,019
298,019
298,019
298,019
298,019
298,019
0
0298,019298,019298,019298,019298,019298,019298,019298,019298,019298,019298,019298,019298,021289,314289,314289,314289,314000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
56,078
57,717
59,150
60,097
61,341
61,135
62,548
61,476
151,249
159,722
62,389
62,889
62,670
114,730
113,879
114,586
114,608
114,816
118,622
119,251
118,738
124,366
123,875
151,764
152,727
149,926
151,207
150,915
172,732
170,637
144,197
218,220
219,485
216,000
412,853
414,444
415,006
416,894
415,538
416,339
489,724
489,522
482,931
489,761
496,512
495,655
500,754
499,605
499,754
504,592
510,979
516,577
498,019
498,019
498,019
498,019
298,019
298,019498,019498,019498,019498,019516,577510,979504,592499,754499,605500,754495,655496,512489,761482,931489,522489,724416,339415,538416,894415,006414,444412,853216,000219,485218,220144,197170,637172,732150,915151,207149,926152,727151,764123,875124,366118,738119,251118,622114,816114,608114,586113,879114,73062,67062,88962,389159,722151,24961,47662,54861,13561,34160,09759,15057,71756,078000



Balance Sheet

Currency in EUR. All numbers in thousands.