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Holcim AG
Buy or Sell?

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

Let's start. I'm going to help you getting a better view of Holcim 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.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Holcim AG even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Holcim AG is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Holcim AG. The closing price on 2022-09-23 was €42.80 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Daily chart of Holcim AG
Holcim AG Daily Candlestick Chart

1.1. Profitability of Holcim AG.

1.1. Profitability

An important factor of a company's health is the profitability.

1.1.1. Net Profit Margin
  • Measures how much profit a company generates for each dollar of revenue.
  • Above 10% is considered healthy depending on the industry.
  • A net profit margin of 25% means that $0,25 for each $1 in revenue is generated as profit.

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

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM2.6%-2.6%
TTM2.6%YOY4.4%-1.8%
TTM2.6%5Y2.1%+0.4%
5Y2.1%10Y3.1%-1.0%
Compared to industry (Building Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.9%-6.9%
TTM2.6%6.6%-4.0%
YOY4.4%8.1%-3.7%
5Y2.1%5.3%-3.2%
10Y3.1%5.7%-2.6%
1.1.2. Return on Assets
  • Shows how profitable a company is in relation to its total assets.
  • Above 5% is considered healthy depending on the industry.
  • 5% return on assets means the company generated $0,05 for each $1 in assets.

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

  • The MRQ is 0.9%. Bad. -1
  • The TTM is 1.4%. Neutral. Compare to industry.
Trends
Current periodCompared to+/- 
MRQ0.9%TTM1.4%-0.5%
TTM1.4%YOY1.5%-0.1%
TTM1.4%5Y0.7%+0.7%
5Y0.7%10Y0.6%+0.1%
Compared to industry (Building Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9%1.2%-0.3%
TTM1.4%1.3%+0.1%
YOY1.5%1.5%+0.0%
5Y0.7%1.2%-0.5%
10Y0.6%1.1%-0.5%
1.1.3. Return On Equity
  • Measures the profit in relation to shareholders equity (total assets - total liabilities).
  • Above 15%-20% is considered healthy depending on the industry
  • 10% return on equity means the company generated $0,1 for each $1 the owners (shareholders) invested.

Let's take a look of the Return On Equity trends of Holcim AG:

  • The MRQ is 2.1%. Bad. -1
  • The TTM is 3.0%. Bad. -1
Trends
Current periodCompared to+/- 
MRQ2.1%TTM3.0%-0.9%
TTM3.0%YOY3.1%-0.1%
TTM3.0%5Y1.5%+1.6%
5Y1.5%10Y0.9%+0.6%
Compared to industry (Building Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ2.1%2.3%-0.2%
TTM3.0%2.4%+0.6%
YOY3.1%2.9%+0.2%
5Y1.5%2.2%-0.7%
10Y0.9%2.1%-1.2%

1.2. Operating Efficiency of Holcim AG.

1.2. Operating Efficiency
1.2.1. Operating Margin
  • Measures how much profit a company makes for each $1 of sales after paying variable costs (production costs, wages) but before taxes.
  • Above 15% is considered healthy depending on the industry
  • An operating margin of 20% means the company generated $0,2 for each $1 in revenue (before taxes).

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

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM2.0%-2.0%
TTM2.0%YOY3.7%-1.6%
TTM2.0%5Y3.8%-1.8%
5Y3.8%10Y6.0%-2.2%
Compared to industry (Building Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ-11.1%-11.1%
TTM2.0%8.5%-6.5%
YOY3.7%12.1%-8.4%
5Y3.8%8.3%-4.5%
10Y6.0%6.6%-0.6%
1.2.2. Operating Ratio
  • Measures how efficient the company is creating its products or services while keeping operating costs low.
  • Below 1 is considered healthy depending on the industry
  • An operation ratio of 0.5 means that the operating costs are $0,5 for each $1 in net sales.

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

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.141-0.141
TTM0.141YOY0.282-0.141
TTM0.1415Y0.784-0.643
5Y0.78410Y0.851-0.067
Compared to industry (Building Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.537-1.537
TTM0.1411.463-1.322
YOY0.2821.355-1.073
5Y0.7841.261-0.477
10Y0.8511.046-0.195

1.3. Liquidity of Holcim AG.

1.3. Liquidity
1.3.1. Current Ratio
  • Measures if the company is able to pay off short-term debts (debts due within 1 year).
  • Above 1 is considered healthy depending on the industry.
  • A current ratio of 1.5 means the company has $1.5 in assets for each $1 in short-term debts.

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

  • The MRQ is 1.214. Neutral. Compare to industry.
  • The TTM is 1.310. Neutral. Compare to industry.
Trends
Current periodCompared to+/- 
MRQ1.214TTM1.310-0.096
TTM1.310YOY1.242+0.068
TTM1.3105Y1.201+0.109
5Y1.20110Y1.134+0.067
Compared to industry (Building Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2141.456-0.242
TTM1.3101.398-0.088
YOY1.2421.466-0.224
5Y1.2011.401-0.200
10Y1.1341.129+0.005
1.3.2. Quick Ratio
  • Measures if the company is able to pay short-term debts (debts due within 1 year). But only uses the most liquid assets (cash, marketable securities and accounts retrievable).
  • Above 1 is considered healthy depending on the industry.
  • A quick ratio of 0,8 means the company can pay off $0,8 for each $1 in debt (using most liquid assets).

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

  • The MRQ is 0.408. Warning. Indication that company may not be able to fully pay off its current liabilities in the short term. -1
  • The TTM is 0.563. Warning. Indication that company may not be able to fully pay off its current liabilities in the short term. -1
Trends
Current periodCompared to+/- 
MRQ0.408TTM0.563-0.154
TTM0.563YOY0.639-0.076
TTM0.5635Y0.467+0.096
5Y0.46710Y0.273+0.194
Compared to industry (Building Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4080.634-0.226
TTM0.5630.656-0.093
YOY0.6390.721-0.082
5Y0.4670.698-0.231
10Y0.2730.643-0.370

1.4. Solvency of Holcim AG.

1.3. Liquidity
1.4.1. Debt To Asset Ratio
  • Shows if the company is owned by creditors or shareholders.
  • Below 1 (100%) is considered healthy depending on the industry
  • A debt to asset ratio of 0.45 (45%) means that the company is financed with 45% credit and 55% is financed by it's owners (shareholders).

Let's take a look of the Debt To Asset Ratio trends of Holcim AG:

  • The MRQ is 0.516. Healty. +1
  • The TTM is 0.520. Healty. +1
Trends
Current periodCompared to+/- 
MRQ0.516TTM0.520-0.004
TTM0.520YOY0.472+0.048
TTM0.5205Y0.492+0.028
5Y0.49210Y0.501-0.010
Compared to industry (Building Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5160.451+0.065
TTM0.5200.441+0.079
YOY0.4720.455+0.017
5Y0.4920.468+0.024
10Y0.5010.459+0.042
1.4.2. Debt to Equity Ratio
  • Measures the total debt versus the total shareholders equity (total assets - total liabilities).
  • Below 2 is considered healthy depending on the industry.
  • A debt to equity ratio of 0.84 means that company has $0,84 debt for each $1 in equity.

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

  • The MRQ is 1.170. Healty. +1
  • The TTM is 1.138. Healty. +1
Trends
Current periodCompared to+/- 
MRQ1.170TTM1.138+0.032
TTM1.138YOY0.986+0.152
TTM1.1385Y1.064+0.074
5Y1.06410Y0.616+0.448
Compared to industry (Building Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1700.882+0.288
TTM1.1380.878+0.260
YOY0.9860.908+0.078
5Y1.0640.953+0.111
10Y0.6160.959-0.343

2. Market Valuation of Holcim AG

2. Earnings
2.1. Price to Earnings Ratio
  • Compares the company's stock price to its earnings.
  • Above 15 is considered overpriced but is hard to determine (always use industry average).
  • A PE ratio of 15 means the investor is paying $15 for every $1 in earnings.

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

  • The EOD is 10.033. Good. +1
  • The MRQ is 9.611. Good. +1
  • The TTM is 11.007. Good. +1
Trends
Current periodCompared to+/- 
EOD10.033MRQ9.611+0.422
MRQ9.611TTM11.007-1.396
TTM11.007YOY15.323-4.316
TTM11.0075Y11.188-0.181
5Y11.18810Y5.771+5.418
Compared to industry (Building Materials)
PeriodCompanyIndustry (mean)+/- 
EOD10.03311.475-1.442
MRQ9.61111.300-1.689
TTM11.00712.692-1.685
YOY15.32311.846+3.477
5Y11.18812.226-1.038
10Y5.77114.380-8.609
2.2. Price/Earnings-to-Growth Ratio

Let's take a look of the Price/Earnings-to-Growth Ratio trends of Holcim AG:

  • The MRQ is 0.473. Very good. +2
  • The TTM is 0.377. Very good. +2
Trends
Current periodCompared to+/- 
MRQ0.473TTM0.377+0.096
TTM0.377YOY-49.213+49.591
TTM0.3775Y-9.832+10.209
5Y-9.83210Y-7.871-1.961
Compared to industry (Building Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ0.473-0.086+0.559
TTM0.3770.023+0.354
YOY-49.2130.031-49.244
5Y-9.8320.003-9.835
10Y-7.871-0.021-7.850

2. Books
2.3. Price to Book Ratio
  • Shows if the stock is under or overvalued compared to it's book value (total assets - total liabilities).
  • At or below 1 is considered healthy
  • A PB ratio of 3 means the investor is paying $3 for each $1 in book value.

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

  • The EOD is 0.859. Very good. +2
  • The MRQ is 0.823. Very good. +2
  • The TTM is 0.908. Very good. +2
Trends
Current periodCompared to+/- 
EOD0.859MRQ0.823+0.036
MRQ0.823TTM0.908-0.085
TTM0.908YOY0.977-0.069
TTM0.9085Y0.692+0.216
5Y0.69210Y0.508+0.184
Compared to industry (Building Materials)
PeriodCompanyIndustry (mean)+/- 
EOD0.8591.226-0.367
MRQ0.8231.184-0.361
TTM0.9081.442-0.534
YOY0.9771.418-0.441
5Y0.6921.228-0.536
10Y0.5081.001-0.493

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Holcim 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 Per Share--49.81547.310+5%47.158+6%116.305-57%84.794-41%
Current Ratio--1.2141.310-7%1.242-2%1.201+1%1.134+7%
Debt To Asset Ratio--0.5160.520-1%0.472+9%0.492+5%0.501+3%
Debt To Equity Ratio--1.1701.138+3%0.986+19%1.064+10%0.616+90%
Eps--0.9441.066-11%0.886+7%1.117-15%0.603+57%
Gross Profit Margin--1.0001.0000%1.0000%0.829+21%-0.369+137%
Net Profit Margin---0.026-100%0.044-100%0.021-100%0.031-100%
Operating Margin---0.020-100%0.037-100%0.038-100%0.060-100%
Operating Ratio---0.141-100%0.282-100%0.784-100%0.851-100%
Pb Ratio0.859+4%0.8230.908-9%0.977-16%0.692+19%0.508+62%
Pe Ratio10.033+4%9.61111.007-13%15.323-37%11.188-14%5.771+67%
Peg Ratio--0.4730.377+25%-49.213+10501%-9.832+2178%-7.871+1763%
Price Per Share42.800+4%41.00042.838-4%46.103-11%43.447-6%31.110+32%
Quick Ratio--0.4080.563-27%0.639-36%0.467-13%0.273+49%
Return On Assets--0.0090.014-34%0.015-38%0.007+30%0.006+54%
Return On Equity--0.0210.030-31%0.031-33%0.015+41%0.009+143%
 EOD+0 -3MRQTTM+6 -9YOY+6 -95Y+7 -910Y+7 -9

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1510.033
Price to Book Ratio (EOD)Between0-10.859
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.408
Current Ratio (MRQ)Greater than11.214
Debt To Asset Ratio (MRQ)Less than10.516
Debt to Equity Ratio (MRQ)Less than11.170
Return On Equity (MRQ)Greater than0.150.021
Return on Assets (MRQ)Greater than0.050.009
Total4/10 (40.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5033.717
Ma 20Greater thanMa 5045.643
Ma 50Greater thanMa 10045.406
Ma 100Greater thanMa 20044.681
OpenGreater thanClose43.800
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2022-06-30. Currency in CHF. All numbers in thousands.

Summary
Total Assets62,545,000
Total Liabilities32,257,000
Total Stockholder Equity27,577,000
 As reported
Total Liabilities 32,257,000
Total Stockholder Equity+ 27,577,000
Total Assets = 62,545,000

Assets

Total Assets62,545,000
Total Current Assets14,076,000
Long-term Assets14,076,000
Total Current Assets
Cash And Cash Equivalents 4,399,000
Net Receivables 4,734,000
Inventory 3,372,000
Other Current Assets 415,000
Total Current Assets  (as reported)14,076,000
Total Current Assets  (calculated)12,920,000
+/- 1,156,000
Long-term Assets
Property Plant Equipment 24,927,000
Goodwill 15,326,000
Intangible Assets 1,696,000
Other Assets 2,103,000
Long-term Assets  (as reported)48,470,000
Long-term Assets  (calculated)44,052,000
+/- 4,418,000

Liabilities & Shareholders' Equity

Total Current Liabilities11,593,000
Long-term Liabilities20,664,000
Total Stockholder Equity27,577,000
Total Current Liabilities
Accounts payable 4,582,000
Other Current Liabilities 3,837,000
Total Current Liabilities  (as reported)11,593,000
Total Current Liabilities  (calculated)8,419,000
+/- 3,174,000
Long-term Liabilities
Other Liabilities 5,465,000
Long-term Liabilities  (as reported)20,664,000
Long-term Liabilities  (calculated)5,465,000
+/- 15,199,000
Total Stockholder Equity
Common Stock1,232,000
Other Stockholders Equity 8,152,000
Total Stockholder Equity (as reported)27,577,000
Total Stockholder Equity (calculated)9,384,000
+/- 18,193,000
Other
Capital Stock1,232,000
Common Stock Shares Outstanding 608,010
Net Invested Capital 27,577,000
Net Tangible Assets 10,555,000
Net Working Capital 2,483,000



Balance Sheet

Currency in CHF. All numbers in thousands.

 Trend2022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-31
> Total Assets 
0
0
0
49,206,000
49,535,000
48,726,000
46,663,000
44,259,000
44,859,000
41,876,000
42,467,000
42,554,000
41,752,000
42,956,000
43,050,000
41,431,000
42,027,000
40,675,000
39,727,000
37,944,000
38,146,000
38,943,000
39,961,000
39,684,000
37,785,000
36,792,000
76,771,000
73,298,000
72,512,000
71,656,000
70,323,000
69,617,000
68,430,000
66,702,000
68,403,000
63,679,000
61,668,000
61,668,000
59,695,000
59,695,000
59,217,000
59,217,000
58,310,000
58,310,000
0
54,565,000
0
53,224,000
0
57,917,000
0
59,885,000
0
62,545,000
62,545,000059,885,000057,917,000053,224,000054,565,000058,310,00058,310,00059,217,00059,217,00059,695,00059,695,00061,668,00061,668,00063,679,00068,403,00066,702,00068,430,00069,617,00070,323,00071,656,00072,512,00073,298,00076,771,00036,792,00037,785,00039,684,00039,961,00038,943,00038,146,00037,944,00039,727,00040,675,00042,027,00041,431,00043,050,00042,956,00041,752,00042,554,00042,467,00041,876,00044,859,00044,259,00046,663,00048,726,00049,535,00049,206,000000
   > Total Current Assets 
0
0
0
10,797,000
10,634,000
10,651,000
10,192,000
8,512,000
9,085,000
8,979,000
8,910,000
8,154,000
8,168,000
8,997,000
9,005,000
8,363,000
8,557,000
8,410,000
9,324,000
7,590,000
7,649,000
8,084,000
8,276,000
7,307,000
7,416,000
10,088,000
15,117,000
13,331,000
14,413,000
15,119,000
14,508,000
14,435,000
13,325,000
13,313,000
13,877,000
12,618,000
11,428,000
11,428,000
11,658,000
11,658,000
12,448,000
12,448,000
12,210,000
12,210,000
10,326,000
10,326,000
10,886,000
10,886,000
11,079,000
11,079,000
13,696,000
13,696,000
14,076,000
14,076,000
14,076,00014,076,00013,696,00013,696,00011,079,00011,079,00010,886,00010,886,00010,326,00010,326,00012,210,00012,210,00012,448,00012,448,00011,658,00011,658,00011,428,00011,428,00012,618,00013,877,00013,313,00013,325,00014,435,00014,508,00015,119,00014,413,00013,331,00015,117,00010,088,0007,416,0007,307,0008,276,0008,084,0007,649,0007,590,0009,324,0008,410,0008,557,0008,363,0009,005,0008,997,0008,168,0008,154,0008,910,0008,979,0009,085,0008,512,00010,192,00010,651,00010,634,00010,797,000000
       Cash And Cash Equivalents 
0
0
0
4,474,000
3,809,000
3,625,000
3,641,000
3,386,000
3,284,000
3,205,000
3,071,000
2,946,000
2,616,000
2,997,000
2,841,000
3,145,000
3,071,000
2,641,000
3,114,000
2,244,000
2,015,000
1,945,000
1,956,000
2,149,000
1,731,000
2,253,000
4,665,000
4,393,000
3,896,000
3,922,000
4,588,000
4,923,000
4,241,000
3,603,000
4,294,000
4,217,000
2,466,000
2,466,000
2,515,000
2,515,000
3,045,000
3,045,000
4,148,000
4,148,000
0
3,736,000
0
5,190,000
0
3,465,000
0
6,682,000
0
4,399,000
4,399,00006,682,00003,465,00005,190,00003,736,00004,148,0004,148,0003,045,0003,045,0002,515,0002,515,0002,466,0002,466,0004,217,0004,294,0003,603,0004,241,0004,923,0004,588,0003,922,0003,896,0004,393,0004,665,0002,253,0001,731,0002,149,0001,956,0001,945,0002,015,0002,244,0003,114,0002,641,0003,071,0003,145,0002,841,0002,997,0002,616,0002,946,0003,071,0003,205,0003,284,0003,386,0003,641,0003,625,0003,809,0004,474,000000
       Short-term Investments 
0
0
0
33,000
37,000
36,000
27,000
30,000
29,000
23,000
22,000
4,000
4,000
1,000
1,000
1,000
1,000
1,000
1,000
1,629,000
0
0
0
1,362,000
0
0
0
1,198,000
0
0
0
1,747,000
118,000
213,000
225,000
1,000
0
146,000
3,000
3,000
0
0
4,000
4,000
0
0
0
4,000
0
0
0
6,000
0
0
006,0000004,0000004,0004,000003,0003,000146,00001,000225,000213,000118,0001,747,0000001,198,0000001,362,0000001,629,0001,0001,0001,0001,0001,0001,0004,0004,00022,00023,00029,00030,00027,00036,00037,00033,000000
       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
4,074,000
3,194,000
3,957,000
4,325,000
4,320,000
4,280,000
4,280,000
4,112,000
4,112,000
3,867,000
3,733,000
3,713,000
3,713,000
3,166,000
3,166,000
3,110,000
3,110,000
3,837,000
3,837,000
3,645,000
3,645,000
4,734,000
4,734,000
4,734,0004,734,0003,645,0003,645,0003,837,0003,837,0003,110,0003,110,0003,166,0003,166,0003,713,0003,713,0003,733,0003,867,0004,112,0004,112,0004,280,0004,280,0004,320,0004,325,0003,957,0003,194,0004,074,0000000000000000000000000000000000
       Other Current 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
2,538,000
1,127,000
1,196,000
1,006,000
1,000,000
84,000
84,000
1,753,000
1,753,000
1,359,000
1,359,000
1,674,000
1,674,000
103,000
103,000
410,000
410,000
166,000
166,000
516,000
516,000
415,000
415,000
415,000415,000516,000516,000166,000166,000410,000410,000103,000103,0001,674,0001,674,0001,359,0001,359,0001,753,0001,753,00084,00084,0001,000,0001,006,0001,196,0001,127,0002,538,0000000000000000000000000000000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
46,769,000
0
46,100,000
0
44,239,000
0
42,338,000
0
46,838,000
0
46,188,000
0
48,470,000
48,470,000046,188,000046,838,000042,338,000044,239,000046,100,000046,769,00000000000000000000000000000000000000000000
       Property Plant Equipment 
0
0
0
25,493,000
25,895,000
25,405,000
24,144,000
23,343,000
23,509,000
21,582,000
22,017,000
22,933,000
22,433,000
22,666,000
22,738,000
22,026,000
22,083,000
21,254,000
20,040,000
20,029,000
20,126,000
20,383,000
20,924,000
21,411,000
20,212,000
17,632,000
37,209,000
36,748,000
35,009,000
33,855,000
33,075,000
32,052,000
32,017,000
30,843,000
31,370,000
30,152,000
29,346,000
29,346,000
27,890,000
27,890,000
27,584,000
27,584,000
27,189,000
27,189,000
25,524,000
25,524,000
24,220,000
24,220,000
24,849,000
24,849,000
24,441,000
24,441,000
24,927,000
24,927,000
24,927,00024,927,00024,441,00024,441,00024,849,00024,849,00024,220,00024,220,00025,524,00025,524,00027,189,00027,189,00027,584,00027,584,00027,890,00027,890,00029,346,00029,346,00030,152,00031,370,00030,843,00032,017,00032,052,00033,075,00033,855,00035,009,00036,748,00037,209,00017,632,00020,212,00021,411,00020,924,00020,383,00020,126,00020,029,00020,040,00021,254,00022,083,00022,026,00022,738,00022,666,00022,433,00022,933,00022,017,00021,582,00023,509,00023,343,00024,144,00025,405,00025,895,00025,493,000000
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,492,000
0
0
0
6,881,000
0
0
0
7,175,000
0
0
17,695,000
16,489,000
16,688,000
16,307,000
16,027,000
16,247,000
16,206,000
15,884,000
16,214,000
14,569,000
14,326,000
14,326,000
14,045,000
14,045,000
13,127,000
13,127,000
13,039,000
13,039,000
0
12,848,000
0
12,413,000
0
14,680,000
0
13,954,000
0
15,326,000
15,326,000013,954,000014,680,000012,413,000012,848,000013,039,00013,039,00013,127,00013,127,00014,045,00014,045,00014,326,00014,326,00014,569,00016,214,00015,884,00016,206,00016,247,00016,027,00016,307,00016,688,00016,489,00017,695,000007,175,0000006,881,0000007,492,000000000000000000
       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
3,409,000
4,539,000
4,395,000
4,561,000
3,205,000
4,248,000
4,248,000
3,329,000
3,329,000
4,360,000
4,360,000
3,524,000
3,524,000
0
0
0
0
0
0
0
0
0
0
00000000003,524,0003,524,0004,360,0004,360,0003,329,0003,329,0004,248,0004,248,0003,205,0004,561,0004,395,0004,539,0003,409,0000000000000000000000000000000000
       Intangible Assets 
0
0
0
9,983,000
10,185,000
9,983,000
9,487,000
9,061,000
9,112,000
8,372,000
8,480,000
8,453,000
0
0
0
767,000
8,297,000
7,931,000
7,593,000
605,000
7,487,000
7,541,000
7,733,000
603,000
7,324,000
6,238,000
1,531,000
1,416,000
1,275,000
1,217,000
1,178,000
1,016,000
975,000
975,000
1,015,000
1,026,000
935,000
935,000
810,000
810,000
708,000
708,000
644,000
644,000
0
583,000
0
533,000
0
1,532,000
0
1,446,000
0
1,696,000
1,696,00001,446,00001,532,0000533,0000583,0000644,000644,000708,000708,000810,000810,000935,000935,0001,026,0001,015,000975,000975,0001,016,0001,178,0001,217,0001,275,0001,416,0001,531,0006,238,0007,324,000603,0007,733,0007,541,0007,487,000605,0007,593,0007,931,0008,297,000767,0000008,453,0008,480,0008,372,0009,112,0009,061,0009,487,0009,983,00010,185,0009,983,000000
       Other 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
2,457,000
1,367,000
1,292,000
1,366,000
2,109,000
1,385,000
1,385,000
1,963,000
1,963,000
990,000
990,000
1,704,000
1,704,000
1,134,000
1,134,000
1,556,000
1,556,000
1,283,000
1,283,000
2,384,000
2,384,000
2,103,000
2,103,000
2,103,0002,103,0002,384,0002,384,0001,283,0001,283,0001,556,0001,556,0001,134,0001,134,0001,704,0001,704,000990,000990,0001,963,0001,963,0001,385,0001,385,0002,109,0001,366,0001,292,0001,367,0002,457,0000000000000000000000000000000000
> Total Liabilities 
0
0
0
27,162,000
26,779,000
26,389,000
24,858,000
23,138,000
23,726,000
23,038,000
23,043,000
22,898,000
22,073,000
22,993,000
22,480,000
21,593,000
21,769,000
21,495,000
20,994,000
19,268,000
19,309,000
20,011,000
20,069,000
19,572,000
18,727,000
18,596,000
38,462,000
37,576,000
37,680,000
37,970,000
36,602,000
34,870,000
33,563,000
33,516,000
34,287,000
32,704,000
32,158,000
32,158,000
29,642,000
29,642,000
28,406,000
28,406,000
26,811,000
26,811,000
0
25,913,000
0
24,600,000
0
28,337,000
0
32,200,000
0
32,257,000
32,257,000032,200,000028,337,000024,600,000025,913,000026,811,00026,811,00028,406,00028,406,00029,642,00029,642,00032,158,00032,158,00032,704,00034,287,00033,516,00033,563,00034,870,00036,602,00037,970,00037,680,00037,576,00038,462,00018,596,00018,727,00019,572,00020,069,00020,011,00019,309,00019,268,00020,994,00021,495,00021,769,00021,593,00022,480,00022,993,00022,073,00022,898,00023,043,00023,038,00023,726,00023,138,00024,858,00026,389,00026,779,00027,162,000000
   > Total Current Liabilities 
0
0
0
9,280,000
9,101,000
8,228,000
8,550,000
7,214,000
7,607,000
7,869,000
7,988,000
7,695,000
7,679,000
9,151,000
8,515,000
8,399,000
8,792,000
8,562,000
8,256,000
7,461,000
7,107,000
7,833,000
7,609,000
6,923,000
6,272,000
7,743,000
13,957,000
14,832,000
15,720,000
14,839,000
13,159,000
12,509,000
11,657,000
11,905,000
11,982,000
11,519,000
12,246,000
12,246,000
10,728,000
10,727,000
9,831,000
9,831,000
9,143,000
9,144,000
8,894,000
8,895,000
8,178,000
8,178,000
9,610,000
9,610,000
9,745,000
9,745,000
11,593,000
11,593,000
11,593,00011,593,0009,745,0009,745,0009,610,0009,610,0008,178,0008,178,0008,895,0008,894,0009,144,0009,143,0009,831,0009,831,00010,727,00010,728,00012,246,00012,246,00011,519,00011,982,00011,905,00011,657,00012,509,00013,159,00014,839,00015,720,00014,832,00013,957,0007,743,0006,272,0006,923,0007,609,0007,833,0007,107,0007,461,0008,256,0008,562,0008,792,0008,399,0008,515,0009,151,0007,679,0007,695,0007,988,0007,869,0007,607,0007,214,0008,550,0008,228,0009,101,0009,280,000000
       Short-term Debt 
0
0
0
33,000
37,000
36,000
27,000
30,000
29,000
23,000
22,000
4,000
4,000
1,000
1,000
1,000
1,000
1,000
1,000
1,629,000
0
0
0
1,362,000
0
0
0
1,198,000
0
0
0
1,747,000
118,000
213,000
225,000
1,000
4,718,000
146,000
1,976,000
3,000
2,345,000
2,862,000
1,219,000
4,000
0
0
0
2,048,000
0
0
0
0
0
0
0000002,048,0000004,0001,219,0002,862,0002,345,0003,0001,976,000146,0004,718,0001,000225,000213,000118,0001,747,0000001,198,0000001,362,0000001,629,0001,0001,0001,0001,0001,0001,0004,0004,00022,00023,00029,00030,00027,00036,00037,00033,000000
       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
19,720,000
19,285,000
19,430,000
4,408,000
2,513,000
4,718,000
4,718,000
1,976,000
1,976,000
2,345,000
2,862,000
1,219,000
1,985,000
0
2,736,000
0
2,048,000
0
0
0
2,360,000
0
0
002,360,0000002,048,00002,736,00001,985,0001,219,0002,862,0002,345,0001,976,0001,976,0004,718,0004,718,0002,513,0004,408,00019,430,00019,285,00019,720,0000000000000000000000000000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,048,000
3,195,000
3,219,000
3,370,000
3,433,000
3,964,000
3,964,000
3,454,000
3,454,000
3,518,000
3,518,000
3,274,000
3,274,000
3,155,000
3,155,000
3,072,000
3,072,000
3,918,000
3,918,000
3,745,000
3,745,000
4,582,000
4,582,000
4,582,0004,582,0003,745,0003,745,0003,918,0003,918,0003,072,0003,072,0003,155,0003,155,0003,274,0003,274,0003,518,0003,518,0003,454,0003,454,0003,964,0003,964,0003,433,0003,370,0003,219,0003,195,0003,048,0000000000000000000000000000000000
       Other Current 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
4,485,000
3,711,000
3,793,000
3,859,000
4,243,000
3,391,000
3,391,000
4,211,000
4,211,000
3,451,000
2,125,000
3,780,000
3,780,000
3,003,000
3,003,000
3,042,000
3,042,000
3,156,000
3,156,000
3,609,000
3,609,000
3,837,000
3,837,000
3,837,0003,837,0003,609,0003,609,0003,156,0003,156,0003,042,0003,042,0003,003,0003,003,0003,780,0003,780,0002,125,0003,451,0004,211,0004,211,0003,391,0003,391,0004,243,0003,859,0003,793,0003,711,0004,485,0000000000000000000000000000000000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
18,575,000
0
17,667,000
0
17,018,000
0
16,422,000
0
18,727,000
0
19,667,000
0
20,664,000
20,664,000019,667,000018,727,000016,422,000017,018,000017,667,000018,575,00000000000000000000000000000000000000000000
       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
0
11,710,000
0
13,465,000
0
14,514,000
0
0
0014,514,000013,465,000011,710,00000000000000000000000000000000000000000000000000
       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
7,617,000
7,372,000
7,074,000
7,146,000
6,406,000
6,105,000
6,105,000
5,853,000
5,853,000
5,689,000
5,689,000
5,466,000
5,466,000
5,322,000
5,322,000
4,712,000
4,712,000
5,262,000
5,262,000
5,153,000
5,153,000
5,465,000
5,465,000
5,465,0005,465,0005,153,0005,153,0005,262,0005,262,0004,712,0004,712,0005,322,0005,322,0005,466,0005,466,0005,689,0005,689,0005,853,0005,853,0006,105,0006,105,0006,406,0007,146,0007,074,0007,372,0007,617,0000000000000000000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
101,000
0
0
88,000
88,000
0
0
87,000
87,000
0
0
86,000
86,000
0
0
56,000
56,000
0
0
0056,00056,0000086,00086,0000087,00087,0000088,00088,00000101,00000000000000000000000000000000000000
> Total Stockholder 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
30,822,000
30,911,000
29,341,000
30,312,000
27,787,000
26,463,000
26,463,000
26,925,000
26,925,000
27,930,000
27,930,000
28,566,000
28,566,000
0
25,892,000
0
26,071,000
0
26,835,000
0
27,685,000
0
27,577,000
27,577,000027,685,000026,835,000026,071,000025,892,000028,566,00028,566,00027,930,00027,930,00026,925,00026,925,00026,463,00026,463,00027,787,00030,312,00029,341,00030,911,00030,822,0000000000000000000000000000000000
   Common 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
1,214,000
1,214,000
1,214,000
1,214,000
1,214,000
1,214,000
1,214,000
1,214,000
1,214,000
1,252,000
1,252,000
1,232,000
1,232,000
1,232,000
1,232,000
1,232,000
1,232,000
1,232,000
1,232,000
1,232,000
1,232,000
1,232,000
1,232,000
1,232,0001,232,0001,232,0001,232,0001,232,0001,232,0001,232,0001,232,0001,232,0001,232,0001,232,0001,232,0001,252,0001,252,0001,214,0001,214,0001,214,0001,214,0001,214,0001,214,0001,214,0001,214,0001,214,0000000000000000000000000000000000
   Retained Earnings Total Equity000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 000000-22,329,000000-22,418,000000-22,211,000000-22,060,000000-18,785,000000-16,850,000000-18,034,000000-16,236,000000-18,749,000000-17,855,000000-16,960,000000-17,208,000000
   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
0
0
0
0
0
21,597,000
0
20,367,000
0
20,386,000
0
0
0020,386,000020,367,000021,597,00000000000000000000000000000000000000000000000000
   Treasury Stock00-381,0000-238,0000-197,00000000000000000000000000000000000000000000000000
   Other Stockholders 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
-12,402,000
-12,411,000
-13,467,000
-12,802,000
-12,591,000
-13,174,000
-13,174,000
-13,978,000
-13,978,000
-14,079,000
-14,079,000
-14,531,000
-14,531,000
-16,347,000
-16,347,000
3,439,000
3,439,000
5,474,000
5,474,000
6,448,000
6,448,000
8,152,000
8,152,000
8,152,0008,152,0006,448,0006,448,0005,474,0005,474,0003,439,0003,439,000-16,347,000-16,347,000-14,531,000-14,531,000-14,079,000-14,079,000-13,978,000-13,978,000-13,174,000-13,174,000-12,591,000-12,802,000-13,467,000-12,411,000-12,402,0000000000000000000000000000000000



Balance Sheet

Currency in CHF. All numbers in thousands.




Cash Flow

Currency in CHF. All numbers in thousands.




Income Statement

Currency in CHF. All numbers in thousands.