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Mapfre
Buy, Hold or Sell?

Let's analyse Mapfre together

PenkeI guess you are interested in Mapfre. 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 Mapfre. 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 Mapfre (30 sec.)










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

How much money do you get?

How much money do you get?
‚ā¨1.36
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
‚ā¨3.15
Expected worth in 1 year
‚ā¨4.84
How sure are you?
70.0%

+ What do you gain per year?

Total Gains per Share
‚ā¨2.95
Return On Investment
137.2%

For what price can you sell your share?

Current Price per Share
‚ā¨2.15
Expected price per share
‚ā¨1.8565551275377 - ‚ā¨2.2945518644068
How sure are you?
50%

1. Valuation of Mapfre (5 min.)




Live pricePrice per Share (EOD)

‚ā¨2.15

Intrinsic Value Per Share

‚ā¨0.52 - ‚ā¨11.73

Total Value Per Share

‚ā¨3.67 - ‚ā¨14.88

2. Growth of Mapfre (5 min.)




Is Mapfre growing?

Current yearPrevious yearGrowGrow %
How rich?$10.3b$9b$1.3b13.4%

How much money is Mapfre making?

Current yearPrevious yearGrowGrow %
Making money$729.1m$1.1b-$437.7m-60.0%
Net Profit Margin2.5%5.0%--

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

3. Financial Health of Mapfre (5 min.)




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

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

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

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

Speculation

The Price per Share of Mapfre is ‚ā¨2.15. 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 Mapfre.
  • 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 Mapfre, 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 ‚ā¨3.15. Based on the TTM, the Book Value Change Per Share is ‚ā¨0.42 per quarter. Based on the YOY, the Book Value Change Per Share is ‚ā¨-0.43 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 ‚ā¨0.31 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Mapfre.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share
Usd Eps0.2411.1%0.2411.1%0.2310.5%0.2310.5%0.2411.1%
Usd Book Value Change Per Share0.4621.2%0.4621.2%-0.46-21.3%0.031.5%-0.01-0.3%
Usd Dividend Per Share0.3415.8%0.3415.8%0.3114.3%0.2812.9%0.2913.4%
Usd Total Gains Per Share0.7936.9%0.7936.9%-0.15-7.0%0.3114.4%0.2813.1%
Usd Price Per Share2.09-2.09-1.95-2.05-2.43-
Price to Earnings Ratio8.79-8.79-8.64-9.16-10.28-
Price-to-Total Gains Ratio2.63-2.63--12.90-3.77-7.69-
Price to Book Ratio0.62-0.62-0.66-0.61-0.68-
Price-to-Total Gains Ratio2.63-2.63--12.90-3.77-7.69-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.314905
Number of shares431
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.340.28
Usd Book Value Change Per Share0.460.03
Usd Total Gains Per Share0.790.31
Gains per Quarter (431 shares)342.31133.75
Gains per Year (431 shares)1,369.26535.02
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1584785135947956525
21168157027289591111060
317532355409714381671595
423373140546619182222130
529213925683523972782665
635054711820428773333200
740895496957333563893735
8467362811094238364454270
9525870661231143155004805
10584278511368047945565340

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 Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%20.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%1.02.00.033.3%2.03.00.040.0%4.06.00.040.0%13.07.00.065.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%19.00.01.095.0%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%7.03.00.070.0%17.03.00.085.0%

Fundamentals of Mapfre

About Mapfre

Mapfre, S.A. engages in insurance, finance, securities, investment, and services business worldwide. The company offers life and non-life; health; accident; property and casualty protection comprising automobile and homeowner insurance, personal third-party liability and asset insurance, etc.; savings and investment; retirement; burial; travel; and leisure insurance solutions. It also provides insurance solutions for agriculture and livestock, as well as reinsurance services. In addition, the company provides pension and funeral services, as well as operates theme parks. The company offers its services to professionals, entrepreneurs, self-employed, and companies, as well as small, medium, and large corporations. It offers solutions for aviation, energy, industry, construction etc. The company was formerly known as Corporacion Mapfre and changed its name to Mapfre, S.A. in December 2006. Mapfre, S.A. was founded in 1933 and is headquartered in Majadahonda, Spain. Mapfre, S.A. operates as a subsidiary of Cartera Mapfre, S.L.

Fundamental data was last updated by Penke on 2024-06-08 06:04:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is 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 underpriced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Mapfre.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Mapfre earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare¬†Mapfre to the¬†Insurance - Diversified industry mean.
  • A Net Profit Margin of 2.5%¬†means that¬†€0.02 for each €1¬†in revenue is generated as profit.

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

  • The MRQ is 2.5%. The company is making a profit. +1
  • The TTM is 2.5%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ2.5%TTM2.5%0.0%
TTM2.5%YOY5.0%-2.5%
TTM2.5%5Y4.2%-1.7%
5Y4.2%10Y3.7%+0.5%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy¬†but always compare¬†Mapfre to the¬†Insurance - Diversified industry mean.
  • 1.2% Return on Assets means that¬†Mapfre generated¬†€0.01 profit for each $1 in assets.

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

  • The MRQ is 1.2%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.2%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.2%TTM1.2%0.0%
TTM1.2%YOY1.8%-0.6%
TTM1.2%5Y1.4%-0.2%
5Y1.4%10Y1.3%+0.2%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare¬†Mapfre to the¬†Insurance - Diversified industry mean.
  • 8.0% Return on Equity means Mapfre generated €0.08¬†for each¬†€1 the owners (shareholders) invested.

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

  • The MRQ is 8.0%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 8.0%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ8.0%TTM8.0%0.0%
TTM8.0%YOY14.9%-6.9%
TTM8.0%5Y11.1%-3.1%
5Y11.1%10Y9.6%+1.5%

1.2. Operating Efficiency of Mapfre.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Mapfre is operating .

  • Measures how much profit Mapfre 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¬†Mapfre to the¬†Insurance - Diversified industry mean.
  • An Operating Margin of -2.1%¬†means the company generated €-0.02 ¬†for each €1 in revenue (before taxes).

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

  • The MRQ is -2.1%. The company is operating very inefficient. -2
  • The TTM is -2.1%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-2.1%TTM-2.1%0.0%
TTM-2.1%YOY6.1%-8.2%
TTM-2.1%5Y1.7%-3.8%
5Y1.7%10Y4.8%-3.1%
1.2.2. Operating Ratio

Measures how efficient Mapfre is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Insurance - Diversified industry mean).
  • An Operation Ratio of 0.05 means that the operating costs are €0.05 for each €1 in net sales.

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

  • The MRQ is 0.055. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.055. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.055TTM0.0550.000
TTM0.055YOY-0.939+0.993
TTM0.0555Y-0.638+0.693
5Y-0.63810Y-0.370-0.268

1.3. Liquidity of Mapfre.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to¬†Insurance - Diversified industry mean).
  • A Current Ratio of 0.11¬†means the company has €0.11 in assets for each €1 in short-term debts.

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

  • The MRQ is 0.105. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.105. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.105TTM0.1050.000
TTM0.105YOY11.884-11.778
TTM0.1055Y9.432-9.326
5Y9.43210Y7.206+2.226
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†Mapfre to the¬†Insurance - Diversified industry mean.
  • A Quick Ratio of 0.63¬†means the company can pay off €0.63 for each €1 in debt (using most liquid assets).

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

  • The MRQ is 0.625. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.625. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.625TTM0.6250.000
TTM0.625YOY20.923-20.298
TTM0.6255Y13.897-13.272
5Y13.89710Y12.594+1.303

1.4. Solvency of Mapfre.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare¬†Mapfre to Insurance - Diversified industry mean.
  • A Debt to Asset Ratio of 0.82¬†means that Mapfre assets are¬†financed with 82.4% credit (debt) and the remaining percentage (100% - 82.4%)¬†is financed by its owners/shareholders.¬†

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

  • The MRQ is 0.824. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.824. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.824TTM0.8240.000
TTM0.824YOY0.860-0.036
TTM0.8245Y0.850-0.026
5Y0.85010Y0.846+0.005
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but¬†always compare¬†Mapfre to the¬†Insurance - Diversified industry mean.
  • A Debt to Equity ratio of 534.9% means that company has €5.35 debt for each €1 in shareholders equity.

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

  • The MRQ is 5.349. The company is unable to pay all its debts with equity. -1
  • The TTM is 5.349. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ5.349TTM5.3490.000
TTM5.349YOY7.033-1.684
TTM5.3495Y6.556-1.207
5Y6.55610Y6.514+0.042

2. Market Valuation of Mapfre

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 Mapfre generates.

  • Above 15 is considered overpriced but¬†always compare¬†Mapfre to the¬†Insurance - Diversified industry mean.
  • A PE ratio of 8.79 means the investor is paying €8.79¬†for every €1 in earnings.

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

  • The EOD is 9.729. Based on the earnings, the company is underpriced. +1
  • The MRQ is 8.792. Based on the earnings, the company is underpriced. +1
  • The TTM is 8.792. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD9.729MRQ8.792+0.937
MRQ8.792TTM8.7920.000
TTM8.792YOY8.638+0.154
TTM8.7925Y9.161-0.369
5Y9.16110Y10.283-1.122
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 3.096. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 2.798. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 2.798. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD3.096MRQ2.798+0.298
MRQ2.798TTM2.7980.000
TTM2.798YOY6.493-3.695
TTM2.7985Y-5.747+8.545
5Y-5.74710Y-14.381+8.634
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy¬†(always compare to Insurance - Diversified industry mean).
  • A PB ratio of 0.62 means the investor is paying €0.62¬†for each €1 in book value.

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

  • The EOD is 0.682. Based on the equity, the company is cheap. +2
  • The MRQ is 0.617. Based on the equity, the company is cheap. +2
  • The TTM is 0.617. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.682MRQ0.617+0.066
MRQ0.617TTM0.6170.000
TTM0.617YOY0.663-0.047
TTM0.6175Y0.613+0.004
5Y0.61310Y0.684-0.071
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Mapfre 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--0.4230.4230%-0.426+201%0.030+1313%-0.006+101%
Book Value Per Share--3.1513.1510%2.728+16%3.108+1%3.278-4%
Current Ratio--0.1050.1050%11.884-99%9.432-99%7.206-99%
Debt To Asset Ratio--0.8240.8240%0.860-4%0.850-3%0.846-3%
Debt To Equity Ratio--5.3495.3490%7.033-24%6.556-18%6.514-18%
Dividend Per Share--0.3150.3150%0.286+10%0.258+22%0.268+18%
Eps--0.2210.2210%0.210+5%0.210+5%0.221+0%
Free Cash Flow Per Share--0.6940.6940%0.279+149%0.077+803%0.018+3716%
Free Cash Flow To Equity Per Share--0.3080.3080%0.042+626%-0.154+150%-0.232+175%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--11.732--------
Intrinsic Value_10Y_min--0.515--------
Intrinsic Value_1Y_max--0.457--------
Intrinsic Value_1Y_min--0.027--------
Intrinsic Value_3Y_max--1.920--------
Intrinsic Value_3Y_min--0.103--------
Intrinsic Value_5Y_max--4.044--------
Intrinsic Value_5Y_min--0.202--------
Market Cap6588503206.400+10%5954176172.0255954176172.0250%5546600373.760+7%5829447933.720+2%6921711794.132-14%
Net Profit Margin--0.0250.0250%0.050-50%0.042-41%0.037-33%
Operating Margin---0.021-0.0210%0.061-133%0.017-217%0.048-142%
Operating Ratio--0.0550.0550%-0.939+1818%-0.638+1268%-0.370+777%
Pb Ratio0.682+10%0.6170.6170%0.663-7%0.613+1%0.684-10%
Pe Ratio9.729+10%8.7928.7920%8.638+2%9.161-4%10.283-14%
Price Per Share2.150+10%1.9431.9430%1.810+7%1.902+2%2.253-14%
Price To Free Cash Flow Ratio3.096+10%2.7982.7980%6.493-57%-5.747+305%-14.381+614%
Price To Total Gains Ratio2.915+10%2.6342.6340%-12.899+590%3.772-30%7.690-66%
Quick Ratio--0.6250.6250%20.923-97%13.897-96%12.594-95%
Return On Assets--0.0120.0120%0.018-32%0.014-14%0.013-2%
Return On Equity--0.0800.0800%0.149-46%0.111-28%0.096-17%
Total Gains Per Share--0.7380.7380%-0.140+119%0.288+156%0.262+182%
Usd Book Value--10396938210.00010396938210.0000%9001427340.000+16%10255980952.800+1%10837884544.500-4%
Usd Book Value Change Per Share--0.4550.4550%-0.459+201%0.032+1313%-0.007+101%
Usd Book Value Per Share--3.3933.3930%2.937+16%3.347+1%3.529-4%
Usd Dividend Per Share--0.3390.3390%0.308+10%0.278+22%0.288+18%
Usd Eps--0.2380.2380%0.226+5%0.226+5%0.238+0%
Usd Free Cash Flow--2291217600.0002291217600.0000%919824810.000+149%253655446.200+803%59514592.500+3750%
Usd Free Cash Flow Per Share--0.7480.7480%0.300+149%0.083+803%0.020+3716%
Usd Free Cash Flow To Equity Per Share--0.3320.3320%0.046+626%-0.166+150%-0.250+175%
Usd Market Cap7093841402.331+10%6410861484.4196410861484.4190%5972024622.427+7%6276566590.237+2%7452607088.742-14%
Usd Price Per Share2.315+10%2.0922.0920%1.949+7%2.048+2%2.426-14%
Usd Profit--729141240.000729141240.0000%1166927460.000-38%984655070.400-26%875494917.600-17%
Usd Revenue--29205810510.00029205810510.0000%23210637240.000+26%23933477631.600+22%23779343719.800+23%
Usd Total Gains Per Share--0.7940.7940%-0.151+119%0.310+156%0.282+182%
 EOD+4 -4MRQTTM+0 -0YOY+25 -105Y+23 -1210Y+19 -16

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-159.729
Price to Book Ratio (EOD)Between0-10.682
Net Profit Margin (MRQ)Greater than00.025
Operating Margin (MRQ)Greater than0-0.021
Quick Ratio (MRQ)Greater than10.625
Current Ratio (MRQ)Greater than10.105
Debt to Asset Ratio (MRQ)Less than10.824
Debt to Equity Ratio (MRQ)Less than15.349
Return on Equity (MRQ)Greater than0.150.080
Return on Assets (MRQ)Greater than0.050.012
Total4/10 (40.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5037.479
Ma 20Greater thanMa 502.225
Ma 50Greater thanMa 1002.217
Ma 100Greater thanMa 2002.100
OpenGreater thanClose2.210
Total4/5 (80.0%)



Reversals in quarterly reports

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

 2019-12-312020-12-312021-12-312022-12-312023-12-31
Long-term Assets Other  -50,490,8509,112,950-41,377,900-286,400-41,664,3003,850,800-37,813,50070,842,60033,029,100
EBIT  354,010-35,710318,300-23,200295,1001,029,2001,324,300-1,880,400-556,100
EBITDA  354,010-35,710318,300-293,60024,700857,900882,600-1,130,100-247,500
Operating Income  354,010-35,710318,300-23,200295,1001,029,2001,324,300-1,880,400-556,100
Other Operating Expenses  21,453,650-3,426,85018,026,8001,199,70019,226,500933,00020,159,500-45,524,400-25,364,900
Net Interest Income  -34,380-26,620-61,000-16,000-77,0003,700-73,300132,40059,100
Total Operating Expenses  -22,378,9303,551,530-18,827,400-1,459,100-20,286,50053,600-20,232,90021,715,0001,482,100



Latest Balance Sheet

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

Summary
Total Assets54,947,100
Total Liabilities45,290,800
Total Stockholder Equity8,466,600
 As reported
Total Liabilities 45,290,800
Total Stockholder Equity+ 8,466,600
Total Assets = 54,947,100

Assets

Total Assets54,947,100
Total Current Assets3,648,200
Long-term Assets45,360,800
Total Current Assets
Cash And Cash Equivalents 2,086,000
Short-term Investments 21,681,900
Net Receivables -23,824,300
Inventory 56,400
Other Current Assets 3,648,200
Total Current Assets  (as reported)3,648,200
Total Current Assets  (calculated)3,648,200
+/-0
Long-term Assets
Property Plant Equipment 1,183,900
Goodwill 1,353,700
Long Term Investments 39,964,300
Intangible Assets 1,326,900
Long-term Assets  (as reported)45,360,800
Long-term Assets  (calculated)43,828,800
+/- 1,532,000

Liabilities & Shareholders' Equity

Total Current Liabilities34,587,700
Long-term Liabilities4,765,000
Total Stockholder Equity8,466,600
Total Current Liabilities
Short-term Debt 139,600
Accounts payable 38,377,200
Other Current Liabilities -4,016,100
Total Current Liabilities  (as reported)34,587,700
Total Current Liabilities  (calculated)34,500,700
+/- 87,000
Long-term Liabilities
Long term Debt 2,601,000
Capital Lease Obligations 2,600
Long-term Liabilities  (as reported)4,765,000
Long-term Liabilities  (calculated)2,603,600
+/- 2,161,400
Total Stockholder Equity
Common Stock308,000
Retained Earnings 677,200
Accumulated Other Comprehensive Income 6,683,600
Other Stockholders Equity 797,800
Total Stockholder Equity (as reported)8,466,600
Total Stockholder Equity (calculated)8,466,600
+/-0
Other
Capital Stock308,000
Cash and Short Term Investments 23,767,900
Common Stock Shares Outstanding 3,064,424
Current Deferred Revenue87,000
Liabilities and Stockholders Equity 49,009,000
Net Debt 515,000
Net Invested Capital 11,067,600
Property Plant and Equipment Gross 2,144,200
Short Long Term Debt Total 3,052,400



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-31
> Total Assets 
1,864,412,000
14,020,687
15,237,708
19,074,354
22,957,760
26,443,300
28,347,810
36,343,920
40,875,180
43,105,850
48,672,310
54,855,650
56,983,180
56,825,750
67,231,870
63,489,270
67,881,760
67,569,480
67,290,820
72,509,920
69,152,600
63,854,200
59,625,800
54,947,100
54,947,10059,625,80063,854,20069,152,60072,509,92067,290,82067,569,48067,881,76063,489,27067,231,87056,825,75056,983,18054,855,65048,672,31043,105,85040,875,18036,343,92028,347,81026,443,30022,957,76019,074,35415,237,70814,020,6871,864,412,000
   > Total Current Assets 
0
0
0
0
963,170
1,273,930
1,323,580
2,317,590
2,102,120
1,515,990
1,627,180
4,376,610
4,721,160
4,899,180
6,144,970
6,480,780
6,405,440
7,578,030
36,279,470
39,706,880
32,850,800
32,337,500
28,137,800
3,648,200
3,648,20028,137,80032,337,50032,850,80039,706,88036,279,4707,578,0306,405,4406,480,7806,144,9704,899,1804,721,1604,376,6101,627,1801,515,9902,102,1202,317,5901,323,5801,273,930963,1700000
       Cash And Cash Equivalents 
55,425,000
456,385
524,698
502,662
900,810
964,710
832,450
1,639,400
1,415,070
861,070
1,497,410
1,254,350
1,018,040
1,162,780
1,188,600
989,090
1,451,130
1,864,010
2,201,410
2,537,500
2,418,900
2,887,600
2,574,600
2,086,000
2,086,0002,574,6002,887,6002,418,9002,537,5002,201,4101,864,0101,451,130989,0901,188,6001,162,7801,018,0401,254,3501,497,410861,0701,415,0701,639,400832,450964,710900,810502,662524,698456,38555,425,000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
2,998,640
3,621,700
3,658,810
4,878,920
5,415,860
4,879,270
5,646,940
34,017,190
37,108,900
30,382,400
29,395,900
25,509,800
21,681,900
21,681,90025,509,80029,395,90030,382,40037,108,90034,017,1905,646,9404,879,2705,415,8604,878,9203,658,8103,621,7002,998,64000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
4,939,840
5,651,240
5,286,880
5,249,390
4,871,440
4,502,790
-17,569,450
-23,324,400
-17,351,200
-4,051,600
-23,824,300
-23,824,300-4,051,600-17,351,200-23,324,400-17,569,4504,502,7904,871,4405,249,3905,286,8805,651,2404,939,8400000000000000
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
5,949,900
6,745,390
7,987,320
9,073,060
9,528,360
10,457,970
17,569,450
23,324,400
17,351,200
4,051,600
3,648,200
3,648,2004,051,60017,351,20023,324,40017,569,45010,457,9709,528,3609,073,0607,987,3206,745,3905,949,9000000000000000
   > Long-term Assets 
0
0
0
0
19,283,310
21,606,200
22,306,930
28,259,640
32,284,580
32,269,010
36,322,550
39,481,040
41,103,850
41,010,700
50,191,220
45,912,050
48,637,030
47,619,120
46,455,930
50,490,850
41,377,900
41,664,300
37,813,500
45,360,800
45,360,80037,813,50041,664,30041,377,90050,490,85046,455,93047,619,12048,637,03045,912,05050,191,22041,010,70041,103,85039,481,04036,322,55032,269,01032,284,58028,259,64022,306,93021,606,20019,283,3100000
       Property Plant Equipment 
10,550,000
75,529
71,002
72,468
417,350
502,580
549,340
1,340,080
1,292,240
1,536,190
1,400,930
1,441,980
1,434,870
1,408,180
1,469,460
1,274,480
1,296,570
1,191,730
1,112,340
1,377,140
1,279,200
1,295,000
1,302,000
1,183,900
1,183,9001,302,0001,295,0001,279,2001,377,1401,112,3401,191,7301,296,5701,274,4801,469,4601,408,1801,434,8701,441,9801,400,9301,536,1901,292,2401,340,080549,340502,580417,35072,46871,00275,52910,550,000
       Goodwill 
48,374,000
404,703
390,471
443,237
502,840
595,970
598,820
1,016,930
1,601,290
1,643,850
2,258,390
2,266,410
2,146,150
1,928,430
2,030,480
2,068,000
1,990,050
1,882,960
1,689,030
1,773,210
1,409,800
1,472,400
1,445,600
1,353,700
1,353,7001,445,6001,472,4001,409,8001,773,2101,689,0301,882,9601,990,0502,068,0002,030,4801,928,4302,146,1502,266,4102,258,3901,643,8501,601,2901,016,930598,820595,970502,840443,237390,471404,70348,374,000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
31,406,040
39,028,780
37,221,690
43,162,950
42,649,930
41,927,240
45,496,230
37,079,700
37,148,000
32,753,600
39,964,300
39,964,30032,753,60037,148,00037,079,70045,496,23041,927,24042,649,93043,162,95037,221,69039,028,78031,406,0400000000000000
       Intangible Assets 
57,147,000
494,910
472,888
443,237
41,150
54,900
67,020
170,790
2,064,860
477,190
897,640
4,716,520
2,281,790
2,056,450
2,135,610
1,661,880
1,852,140
1,597,690
1,393,740
1,537,300
1,387,500
1,449,300
1,670,300
1,326,900
1,326,9001,670,3001,449,3001,387,5001,537,3001,393,7401,597,6901,852,1401,661,8802,135,6102,056,4502,281,7904,716,520897,640477,1902,064,860170,79067,02054,90041,150443,237472,888494,91057,147,000
       Long-term Assets Other 
0
0
0
0
-19,283,310
-21,606,200
-22,306,930
-28,259,640
-32,284,580
-32,269,010
-36,322,550
-39,481,040
-41,103,850
-41,010,700
-50,191,220
-45,912,050
-48,637,030
-47,619,120
-46,455,930
-50,490,850
-41,377,900
-41,664,300
-37,813,500
33,029,100
33,029,100-37,813,500-41,664,300-41,377,900-50,490,850-46,455,930-47,619,120-48,637,030-45,912,050-50,191,220-41,010,700-41,103,850-39,481,040-36,322,550-32,269,010-32,284,580-28,259,640-22,306,930-21,606,200-19,283,3100000
> Total Liabilities 
1,575,104,000
12,209,591
13,536,566
17,310,153
21,106,440
24,259,700
24,936,150
32,012,510
35,158,810
36,012,100
40,876,500
45,129,030
46,846,870
46,932,080
55,762,450
53,080,980
56,438,280
57,056,820
58,093,240
62,403,900
59,314,800
54,187,600
51,265,600
45,290,800
45,290,80051,265,60054,187,60059,314,80062,403,90058,093,24057,056,82056,438,28053,080,98055,762,45046,932,08046,846,87045,129,03040,876,50036,012,10035,158,81032,012,51024,936,15024,259,70021,106,44017,310,15313,536,56612,209,5911,575,104,000
   > Total Current Liabilities 
0
0
0
0
0
0
1,318,000
0
2,558,570
0
2,731,160
0
1,717,380
1,968,060
2,047,620
3,404,070
2,537,910
2,845,720
2,450,240
3,108,940
2,868,800
2,954,300
2,367,800
34,587,700
34,587,7002,367,8002,954,3002,868,8003,108,9402,450,2402,845,7202,537,9103,404,0702,047,6201,968,0601,717,38002,731,16002,558,57001,318,000000000
       Short-term Debt 
0
0
0
0
0
0
799,040
0
1,857,750
0
2,035,420
0
62,450
68,020
73,930
1,095,070
539,060
654,980
502,820
639,800
611,900
786,500
239,300
139,600
139,600239,300786,500611,900639,800502,820654,980539,0601,095,07073,93068,02062,45002,035,42001,857,7500799,040000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
1,792,380
1,792,840
1,920,620
2,210,680
2,327,400
0
0
0
0
0
0
0000002,327,4002,210,6801,920,6201,792,8401,792,3800000000000000
       Accounts payable 
37,499,000
245,183
316,460
339,371
431,013
431,220
518,960
0
700,820
0
695,740
0
1,654,930
1,900,040
1,973,690
2,309,000
1,998,850
2,190,740
1,947,420
2,469,140
2,256,900
2,167,800
2,128,500
38,377,200
38,377,2002,128,5002,167,8002,256,9002,469,1401,947,4202,190,7401,998,8502,309,0001,973,6901,900,0401,654,9300695,7400700,8200518,960431,220431,013339,371316,460245,18337,499,000
   > Long-term Liabilities 
0
0
0
0
21,106,440
24,259,700
1,048,090
32,012,510
0
36,012,100
1,811,170
45,129,030
4,781,600
4,648,900
5,385,820
2,414,430
3,504,400
3,687,460
4,052,550
4,661,830
4,888,100
4,658,900
2,367,800
4,765,000
4,765,0002,367,8004,658,9004,888,1004,661,8304,052,5503,687,4603,504,4002,414,4305,385,8204,648,9004,781,60045,129,0301,811,17036,012,100032,012,5101,048,09024,259,70021,106,4400000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,541,300
6,375,100
4,981,700
0
04,981,7006,375,1005,541,30000000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
-799,040
0
-1,857,750
0
-2,035,420
0
-62,450
-68,020
-73,930
-1,095,070
-537,900
-654,310
-502,420
-639,630
-338,700
-497,700
80,200
-137,000
-137,00080,200-497,700-338,700-639,630-502,420-654,310-537,900-1,095,070-73,930-68,020-62,4500-2,035,4200-1,857,7500-799,040000000
> Total Stockholder Equity
188,313,000
1,161,919
1,076,881
1,088,468
990,500
1,205,920
2,339,970
3,048,410
4,902,180
6,165,690
6,541,880
7,042,900
7,810,480
7,833,510
9,152,690
8,573,740
9,126,500
8,611,280
7,993,810
8,854,360
8,536,000
8,463,600
7,289,300
8,466,600
8,466,6007,289,3008,463,6008,536,0008,854,3607,993,8108,611,2809,126,5008,573,7409,152,6907,833,5107,810,4807,042,9006,541,8806,165,6904,902,1803,048,4102,339,9701,205,920990,5001,088,4681,076,8811,161,919188,313,000
   Common Stock
15,130,000
90,782
90,782
90,782
119,450
119,450
119,450
227,530
274,480
292,260
301,210
307,950
307,950
307,950
307,950
307,950
307,950
307,950
307,950
307,950
308,000
308,000
308,000
308,000
308,000308,000308,000308,000307,950307,950307,950307,950307,950307,950307,950307,950307,950301,210292,260274,480227,530119,450119,450119,45090,78290,78290,78215,130,000
   Retained Earnings 
14,424,000
125,299
118,554
78,590
261,730
353,200
608,460
1,128,100
598,260
926,850
933,540
962,960
665,690
790,470
845,130
708,770
775,450
700,510
528,860
609,240
526,500
765,200
642,100
677,200
677,200642,100765,200526,500609,240528,860700,510775,450708,770845,130790,470665,690962,960933,540926,850598,2601,128,100608,460353,200261,73078,590118,554125,29914,424,000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,506,700
1,506,700
1,506,700
0
01,506,7001,506,7001,506,70000000000000000000000
   Treasury Stock00000-48,200-52,360-60,230-2,390000000000000000
   Other Stockholders Equity 
0
0
0
0
609,320
733,270
1,612,060
1,692,780
4,029,440
4,946,580
5,307,130
5,771,990
6,836,840
6,735,090
7,999,610
7,557,020
8,043,100
7,602,820
7,157,000
833,660
916,800
678,600
315,400
797,800
797,800315,400678,600916,800833,6607,157,0007,602,8208,043,1007,557,0207,999,6106,735,0906,836,8405,771,9905,307,1304,946,5804,029,4401,692,7801,612,060733,270609,3200000



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.




Income Statement

Currency in EUR. All numbers in thousands.