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Montea C.V.A.
Buy, Hold or Sell?

Let's analyze Montea together

I guess you are interested in Montea C.V.A.. 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 Montea C.V.A.. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Montea (30 sec.)










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

How much money do you get?

How much money do you get?
‚ā¨3.12
When do you have the money?
1 year
How often do you get paid?
51.3%

What is your share worth?

Current worth
‚ā¨75.38
Expected worth in 1 year
‚ā¨87.73
How sure are you?
94.9%

+ What do you gain per year?

Total Gains per Share
‚ā¨15.22
Return On Investment
19.1%

For what price can you sell your share?

Current Price per Share
‚ā¨79.60
Expected price per share
‚ā¨75.98 - ‚ā¨85.47
How sure are you?
50%
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1. Valuation of Montea (5 min.)




Live pricePrice per Share (EOD)

‚ā¨79.60

Intrinsic Value Per Share

‚ā¨17.20 - ‚ā¨944.64

Total Value Per Share

‚ā¨92.58 - ‚ā¨1,020.02

2. Growth of Montea (5 min.)




Is Montea growing?

Current yearPrevious yearGrowGrow %
How rich?$1.6b$1.3b$213.1m13.7%

How much money is Montea making?

Current yearPrevious yearGrowGrow %
Making money$41.3m$34.1m$7.1m17.4%
Net Profit Margin121.1%120.6%--

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

3. Financial Health of Montea (5 min.)




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

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

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

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

Speculation

The Price per Share of Montea is ‚ā¨79.60. 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 Montea.
  • 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 Montea, 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¨75.38. Based on the TTM, the Book Value Change Per Share is ‚ā¨3.09 per quarter. Based on the YOY, the Book Value Change Per Share is ‚ā¨2.58 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¨0.72 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Montea.

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 Eps1.822.3%2.012.5%1.662.1%2.172.7%1.301.6%
Usd Book Value Change Per Share1.732.2%3.354.2%2.803.5%2.463.1%1.912.4%
Usd Dividend Per Share0.000.0%0.781.0%0.650.8%0.300.4%0.270.3%
Usd Total Gains Per Share1.732.2%4.135.2%3.444.3%2.773.5%2.172.7%
Usd Price Per Share90.55-83.39-83.93-96.07-72.50-
Price to Earnings Ratio12.45-10.83-223.50-56.52-56.46-
Price-to-Total Gains Ratio52.28-28.58--167.71-19.95-47.27-
Price to Book Ratio1.11-1.10-1.30-1.95-2.65-
Price-to-Total Gains Ratio52.28-28.58--167.71-19.95-47.27-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share86.31824
Number of shares11
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.780.30
Usd Book Value Change Per Share3.352.46
Usd Total Gains Per Share4.132.77
Gains per Quarter (11 shares)45.4030.43
Gains per Year (11 shares)181.59121.72
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
13414717213108112
26929535427217234
310344253640325356
413758971854433478
517173790067542600
6206884108280650722
72401031126494758844
827411791446107867966
9309132616281209751088
103431473181013410831210

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%11.01.00.091.7%19.01.00.095.0%37.02.00.094.9%50.08.00.086.2%
Book Value Change Per Share4.00.00.0100.0%11.01.00.091.7%19.01.00.095.0%36.03.00.092.3%47.09.02.081.0%
Dividend per Share1.00.03.025.0%2.00.010.016.7%3.00.017.015.0%20.00.019.051.3%39.00.019.067.2%
Total Gains per Share4.00.00.0100.0%11.01.00.091.7%19.01.00.095.0%37.02.00.094.9%53.05.00.091.4%
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Fundamentals of Montea

About Montea C.V.A.

Montea NV is a public regulated real estate company under Belgian law (GVV/SIR) that specializes in logistics real estate in Belgium, the Netherlands, France, and Germany. The company is a benchmark player in this market. Montea literally offers its customers the space to grow through versatile and innovative property solutions. In this way, Montea creates value for its shareholders. As of 31/12/2023 the property portfolio represented a total surface of 1,959,242 m², spread across 95 locations. Montea NV has been listed on Euronext Brussels (MONT) and Euronext Paris (MONTP) since the end of 2006.

Fundamental data was last updated by Penke on 2024-07-07 23:47:03.

Financial Health

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

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is cheap.
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1.1. Profitability of Montea C.V.A..

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare¬†Montea to the¬†REIT - Industrial industry mean.
  • A Net Profit Margin of 122.2%¬†means that¬†€1.22 for each €1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Montea C.V.A.:

  • The MRQ is 122.2%. The company is making a huge profit. +2
  • The TTM is 121.1%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ122.2%TTM121.1%+1.1%
TTM121.1%YOY120.6%+0.5%
TTM121.1%5Y174.2%-53.0%
5Y174.2%10Y127.6%+46.6%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy¬†but always compare¬†Montea to the¬†REIT - Industrial industry mean.
  • 1.4% Return on Assets means that¬†Montea generated¬†€0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Montea C.V.A.:

  • The MRQ is 1.4%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.6%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.4%TTM1.6%-0.2%
TTM1.6%YOY1.5%+0.2%
TTM1.6%5Y2.5%-0.9%
5Y2.5%10Y1.9%+0.5%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare¬†Montea to the¬†REIT - Industrial industry mean.
  • 2.2% Return on Equity means Montea generated €0.02¬†for each¬†€1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Montea C.V.A.:

  • The MRQ is 2.2%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.7%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.2%TTM2.7%-0.5%
TTM2.7%YOY2.7%0.0%
TTM2.7%5Y4.3%-1.6%
5Y4.3%10Y3.7%+0.6%
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1.2. Operating Efficiency of Montea C.V.A..

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Montea is operating .

  • Measures how much profit Montea 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¬†Montea to the¬†REIT - Industrial industry mean.
  • An Operating Margin of 84.1%¬†means the company generated €0.84 ¬†for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Montea C.V.A.:

  • The MRQ is 84.1%. The company is operating very efficient. +2
  • The TTM is 92.3%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ84.1%TTM92.3%-8.2%
TTM92.3%YOY4.2%+88.2%
TTM92.3%5Y107.4%-15.0%
5Y107.4%10Y99.3%+8.1%
1.2.2. Operating Ratio

Measures how efficient Montea is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†REIT - Industrial industry mean).
  • An Operation Ratio of 0.31 means that the operating costs are €0.31 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Montea C.V.A.:

  • The MRQ is 0.312. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.367. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.312TTM0.367-0.056
TTM0.367YOY0.141+0.226
TTM0.3675Y0.172+0.196
5Y0.17210Y0.199-0.027
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1.3. Liquidity of Montea C.V.A..

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to¬†REIT - Industrial industry mean).
  • A Current Ratio of 0.69¬†means the company has €0.69 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Montea C.V.A.:

  • The MRQ is 0.688. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.750. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.688TTM0.750-0.063
TTM0.750YOY0.586+0.165
TTM0.7505Y0.528+0.223
5Y0.52810Y0.711-0.183
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†Montea to the¬†REIT - Industrial industry mean.
  • A Quick Ratio of 2.68¬†means the company can pay off €2.68 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Montea C.V.A.:

  • The MRQ is 2.678. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.123. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ2.678TTM1.123+1.554
TTM1.123YOY0.378+0.745
TTM1.1235Y0.389+0.734
5Y0.38910Y0.290+0.099
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1.4. Solvency of Montea C.V.A..

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare¬†Montea to REIT - Industrial industry mean.
  • A Debt to Asset Ratio of 0.37¬†means that Montea assets are¬†financed with 37.4% credit (debt) and the remaining percentage (100% - 37.4%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Montea C.V.A.:

  • The MRQ is 0.374. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.397. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.374TTM0.397-0.023
TTM0.397YOY0.449-0.051
TTM0.3975Y0.427-0.029
5Y0.42710Y0.499-0.072
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but¬†always compare¬†Montea to the¬†REIT - Industrial industry mean.
  • A Debt to Equity ratio of 59.8% means that company has €0.60 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Montea C.V.A.:

  • The MRQ is 0.598. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.663. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.598TTM0.663-0.065
TTM0.663YOY0.816-0.153
TTM0.6635Y0.748-0.085
5Y0.74810Y1.053-0.305
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2. Market Valuation of Montea C.V.A.

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 Montea generates.

  • Above 15 is considered overpriced but¬†always compare¬†Montea to the¬†REIT - Industrial industry mean.
  • A PE ratio of 12.45 means the investor is paying €12.45¬†for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Montea C.V.A.:

  • The EOD is 11.864. Based on the earnings, the company is underpriced. +1
  • The MRQ is 12.445. Based on the earnings, the company is underpriced. +1
  • The TTM is 10.826. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD11.864MRQ12.445-0.581
MRQ12.445TTM10.826+1.619
TTM10.826YOY223.505-212.678
TTM10.8265Y56.518-45.692
5Y56.51810Y56.455+0.063
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Montea C.V.A.:

  • The EOD is 11.304. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 11.858. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 7.034. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD11.304MRQ11.858-0.554
MRQ11.858TTM7.034+4.824
TTM7.034YOY6.399+0.635
TTM7.0345Y1.587+5.447
5Y1.58710Y-89.634+91.222
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2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy¬†(always compare to REIT - Industrial industry mean).
  • A PB ratio of 1.11 means the investor is paying €1.11¬†for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Montea C.V.A.:

  • The EOD is 1.056. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.108. Based on the equity, the company is underpriced. +1
  • The TTM is 1.102. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.056MRQ1.108-0.052
MRQ1.108TTM1.102+0.006
TTM1.102YOY1.297-0.195
TTM1.1025Y1.948-0.846
5Y1.94810Y2.647-0.700
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Montea C.V.A. 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--1.5973.087-48%2.578-38%2.271-30%1.758-9%
Book Value Per Share--75.38069.677+8%60.141+25%49.691+52%32.178+134%
Current Ratio--0.6880.750-8%0.586+17%0.528+30%0.711-3%
Debt To Asset Ratio--0.3740.397-6%0.449-17%0.427-12%0.499-25%
Debt To Equity Ratio--0.5980.663-10%0.816-27%0.748-20%1.053-43%
Dividend Per Share---0.718-100%0.596-100%0.280-100%0.246-100%
Eps--1.6771.852-9%1.530+10%1.997-16%1.198+40%
Free Cash Flow Per Share--1.7602.188-20%1.533+15%1.462+20%-0.237+113%
Free Cash Flow To Equity Per Share--1.3952.174-36%10.052-86%4.576-70%0.810+72%
Gross Profit Margin--1.0000.997+0%1.019-2%1.0030%1.0020%
Intrinsic Value_10Y_max--944.636--------
Intrinsic Value_10Y_min--17.197--------
Intrinsic Value_1Y_max--20.321--------
Intrinsic Value_1Y_min---0.496--------
Intrinsic Value_3Y_max--117.710--------
Intrinsic Value_3Y_min--0.423--------
Intrinsic Value_5Y_max--283.403--------
Intrinsic Value_5Y_min--3.432--------
Market Cap1640667440.000-5%1721051900.0001585016660.000+9%1595322360.000+8%1826066983.000-6%1378046599.853+25%
Net Profit Margin--1.2221.211+1%1.206+1%1.742-30%1.276-4%
Operating Margin--0.8410.923-9%0.042+1918%1.074-22%0.993-15%
Operating Ratio--0.3120.367-15%0.141+121%0.172+82%0.199+57%
Pb Ratio1.056-5%1.1081.102+1%1.297-15%1.948-43%2.647-58%
Pe Ratio11.864-5%12.44510.826+15%223.505-94%56.518-78%56.455-78%
Price Per Share79.600-5%83.50076.900+9%77.400+8%88.595-6%66.858+25%
Price To Free Cash Flow Ratio11.304-5%11.8587.034+69%6.399+85%1.587+647%-89.634+856%
Price To Total Gains Ratio49.841-5%52.28328.579+83%-167.713+421%19.955+162%47.274+11%
Quick Ratio--2.6781.123+138%0.378+607%0.389+588%0.290+822%
Return On Assets--0.0140.016-14%0.015-5%0.025-44%0.019-27%
Return On Equity--0.0220.027-18%0.027-18%0.043-48%0.037-40%
Total Gains Per Share--1.5973.806-58%3.174-50%2.551-37%2.003-20%
Usd Book Value--1684827154.0411557356035.704+8%1344213755.112+25%1110633710.566+52%719207764.272+134%
Usd Book Value Change Per Share--1.7323.348-48%2.796-38%2.462-30%1.906-9%
Usd Book Value Per Share--81.74275.558+8%65.217+25%53.884+52%34.894+134%
Usd Dividend Per Share---0.779-100%0.646-100%0.304-100%0.267-100%
Usd Eps--1.8192.008-9%1.660+10%2.165-16%1.299+40%
Usd Free Cash Flow--39347454.00036686336.400+7%17134333.300+130%9805890.325+301%-3117587.438+108%
Usd Free Cash Flow Per Share--1.9092.373-20%1.663+15%1.586+20%-0.256+113%
Usd Free Cash Flow To Equity Per Share--1.5132.358-36%10.900-86%4.963-70%0.878+72%
Usd Market Cap1779139771.936-5%1866308680.3601718792066.104+9%1729967567.184+8%1980187036.365-6%1494353732.881+25%
Usd Price Per Share86.318-5%90.54783.390+9%83.933+8%96.072-6%72.501+25%
Usd Profit--37490961.20041392903.500-9%34193029.700+10%44623981.740-16%27981662.964+34%
Usd Revenue--30683098.00035655343.100-14%31557666.600-3%27466116.960+12%20874255.118+47%
Usd Total Gains Per Share--1.7324.127-58%3.441-50%2.766-37%2.172-20%
 EOD+4 -4MRQTTM+14 -22YOY+21 -155Y+15 -2110Y+21 -15

3.2. Fundamental Score

Let's check the fundamental score of Montea C.V.A. based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1511.864
Price to Book Ratio (EOD)Between0-11.056
Net Profit Margin (MRQ)Greater than01.222
Operating Margin (MRQ)Greater than00.841
Quick Ratio (MRQ)Greater than12.678
Current Ratio (MRQ)Greater than10.688
Debt to Asset Ratio (MRQ)Less than10.374
Debt to Equity Ratio (MRQ)Less than10.598
Return on Equity (MRQ)Greater than0.150.022
Return on Assets (MRQ)Greater than0.050.014
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Montea C.V.A. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5045.002
Ma 20Greater thanMa 5080.340
Ma 50Greater thanMa 10080.977
Ma 100Greater thanMa 20079.439
OpenGreater thanClose81.000
Total3/5 (60.0%)



Reversals in quarterly reports

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

 2023-03-312023-06-302023-09-302023-12-312024-03-31
Cash And Cash Equivalents  31,082-17,15013,93213,60127,53360,07187,604-175,208-87,604
Net Interest Income  -8,0336,341-1,692-3,389-5,0811,892-3,1893,743554



Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets2,482,203
Total Liabilities928,507
Total Stockholder Equity1,553,695
 As reported
Total Liabilities 928,507
Total Stockholder Equity+ 1,553,695
Total Assets = 2,482,203

Assets

Total Assets2,482,203
Total Current Assets67,495
Long-term Assets2,414,708
Total Current Assets
Cash And Cash Equivalents -87,604
Short-term Investments 175,208
Total Current Assets  (as reported)67,495
Total Current Assets  (calculated)87,604
+/- 20,109
Long-term Assets
Long-term Assets Other 2,414,708
Long-term Assets  (as reported)2,414,708
Long-term Assets  (calculated)2,414,708
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities98,152
Long-term Liabilities830,355
Total Stockholder Equity1,553,695
Total Current Liabilities
Total Current Liabilities  (as reported)98,152
Total Current Liabilities  (calculated)0
+/- 98,152
Long-term Liabilities
Long-term Liabilities  (as reported)830,355
Long-term Liabilities  (calculated)0
+/- 830,355
Total Stockholder Equity
Accumulated Other Comprehensive Income 1,518,263
Other Stockholders Equity 35,432
Total Stockholder Equity (as reported)1,553,695
Total Stockholder Equity (calculated)1,553,695
+/-0
Other
Cash and Short Term Investments 87,604
Common Stock Shares Outstanding 20,121
Liabilities and Stockholders Equity 2,482,203
Net Debt 87,604
Net Invested Capital 1,553,695
Net Working Capital -30,657



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-03-31
> Total Assets 
0
216,264
220,660
0
255,432
258,799
259,654
270,327
267,178
269,482
268,378
279,574,517
285,247
307,498
310,705
318,214
321,254
339,797
369,688
379,546
414,996
453,867
493,098
497,247
509,160
549,685
598,440
609,297
612,937
594,759
622,413
647,170
723,432
748,426
778,324
823,193
917,690
949,477
1,094,818
1,138,956
1,167,042
1,193,698
1,206,756
1,253,328
1,370,222
1,398,921
1,497,345
1,547,115
1,633,421
1,752,917
1,934,936
2,148,053
2,236,335
2,327,712
2,276,267
2,280,386
2,324,453
2,433,934
2,482,203
2,482,2032,433,9342,324,4532,280,3862,276,2672,327,7122,236,3352,148,0531,934,9361,752,9171,633,4211,547,1151,497,3451,398,9211,370,2221,253,3281,206,7561,193,6981,167,0421,138,9561,094,818949,477917,690823,193778,324748,426723,432647,170622,413594,759612,937609,297598,440549,685509,160497,247493,098453,867414,996379,546369,688339,797321,254318,214310,705307,498285,247279,574,517268,378269,482267,178270,327259,654258,799255,4320220,660216,2640
   > Total Current Assets 
0
8,900
15,321
0
22,723
22,333
21,173
11,360
8,507
15,851
15,829
22,571,643
17,993
17,269
20,493
14,234
15,019
19,450
21,087
25,944
38,438
32,046
34,955
30,616
33,243
31,999
28,527
36,769
29,731
49,297
65,613
29,095
91,433
28,811
27,546
29,606
44,378
39,051
49,510
57,154
51,335
32,317
35,560
35,581
83,073
38,382
51,105
38,015
48,860
49,237
47,955
71,982
56,591
111,712
66,965
47,689
64,151
121,603
67,495
67,495121,60364,15147,68966,965111,71256,59171,98247,95549,23748,86038,01551,10538,38283,07335,58135,56032,31751,33557,15449,51039,05144,37829,60627,54628,81191,43329,09565,61349,29729,73136,76928,52731,99933,24330,61634,95532,04638,43825,94421,08719,45015,01914,23420,49317,26917,99322,571,64315,82915,8518,50711,36021,17322,33322,723015,3218,9000
       Cash And Cash Equivalents 
0
4,077
0
0
0
14,119
0
2,552
0
4,948
0
11,332,810
0
7,007
0
1,251
0
4,093
0
3,950
0
4,250
0
5,896
0
4,931
0
2,985
0
3,350
0
5,414
0
3,436
0
6,053
0
4,634
0
7,475
0
7,690
0
10,976
0
5,057
0
7,503
0
15,172
0
36,697
9,017
67,766
31,082
13,932
27,533
87,604
-87,604
-87,60487,60427,53313,93231,08267,7669,01736,697015,17207,50305,057010,97607,69007,47504,63406,05303,43605,41403,35002,98504,93105,89604,25003,95004,09301,25107,007011,332,81004,94802,552014,1190004,0770
       Short-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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
175,208
175,2080000000000000000000000000000000000000000000000000000000000
       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
17,894
0
17,240
0
23,702
0
21,156
0
29,491
0
11,388
0
21,871
0
20,889
0
23,495
0
25,229
0
31,823
0
18,053
0
37,643
0
20,941
0
28,331
0
028,331020,941037,643018,053031,823025,229023,495020,889021,871011,388029,491021,156023,702017,240017,89400000000000000000000000000000
       Other Current Assets 
0
4,823
15,321
0
22,723
8,214
21,173
8,807
8,507
10,903
15,829
11,238,833
17,993
603
20,493
12,983
15,019
191
21,087
21,994
38,438
197
34,955
24,720
33,243
-186
28,527
33,784
29,731
46
65,613
23,681
91,433
840
27,546
23,553
44,378
795
49,510
49,679
51,335
784
35,560
24,605
83,073
4
51,105
30,512
48,860
35
47,955
35,285
56,591
422
35,883
-34,873
36,618
-115,935
0
0-115,93536,618-34,87335,88342256,59135,28547,9553548,86030,51251,105483,07324,60535,56078451,33549,67949,51079544,37823,55327,54684091,43323,68165,6134629,73133,78428,527-18633,24324,72034,95519738,43821,99421,08719115,01912,98320,49360317,99311,238,83315,82910,9038,5078,80721,1738,21422,723015,3214,8230
   > Long-term Assets 
0
207,364
205,339
0
232,709
236,466
238,481
258,968
258,672
253,631
252,549
257,002,874
267,254
290,230
290,212
303,980
306,235
320,347
348,601
353,603
376,558
421,821
458,142
466,631
475,917
517,686
569,913
572,527
583,206
545,462
556,801
618,075
631,999
719,615
750,778
793,587
873,313
910,426
1,045,307
1,081,802
1,115,707
1,161,381
1,171,196
1,217,747
1,287,149
1,360,539
1,446,240
1,509,099
1,584,561
1,703,680
1,886,982
2,076,071
2,179,744
2,216,000
2,209,302
2,232,697
2,260,302
2,312,331
2,414,708
2,414,7082,312,3312,260,3022,232,6972,209,3022,216,0002,179,7442,076,0711,886,9821,703,6801,584,5611,509,0991,446,2401,360,5391,287,1491,217,7471,171,1961,161,3811,115,7071,081,8021,045,307910,426873,313793,587750,778719,615631,999618,075556,801545,462583,206572,527569,913517,686475,917466,631458,142421,821376,558353,603348,601320,347306,235303,980290,212290,230267,254257,002,874252,549253,631258,672258,968238,481236,466232,7090205,339207,3640
       Property Plant Equipment 
0
237
0
0
0
995
0
8,050
0
8,087
0
8,003,611
0
7,883
0
7,774
0
7,651
0
7,588
0
7,655
0
8,400
0
10,500
0
10,328
0
10,097
0
9,847
0
12,877
0
13,640
0
13,148
0
12,439
0
13,344
0
27,358
0
30,841
0
34,705
0
36,103
0
37,295
0
50,273
0
52,860
0
82,962
0
082,962052,860050,273037,295036,103034,705030,841027,358013,344012,439013,148013,640012,87709,847010,097010,328010,50008,40007,65507,58807,65107,77407,88308,003,61108,08708,05009950002370
       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
0
0
96
0
0
0
1
0
151
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000001510100096000000000000000000000000000000000
       Intangible Assets 
0
107
0
0
0
83
0
68
0
0
0
39,799
0
141
0
124
0
114
0
98
0
125
0
231
0
214
0
214
0
189
0
212
0
168
0
295
0
374
0
435
0
419
0
481
0
589
0
681
0
727
0
694
0
567
0
543
0
548
0
0548054305670694072706810589048104190435037402950168021201890214021402310125098011401240141039,799000680830001070
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
-1
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
39
556,801
41
631,999
139
750,778
29
0
29
1,045,307
29
1,115,707
35
1,171,196
35
1,287,149
220
0
1
1,584,561
223
1,886,982
222
2,179,744
230
0
231
0
0
0
00023102302,179,7442221,886,9822231,584,561102201,287,149351,171,196351,115,707291,045,30729029750,778139631,99941556,80139010000000000000-10000000000000
> Total Liabilities 
0
131,795
134,961
0
137,487
134,692
131,416
148,069
149,214
152,481
152,080
174,992,578
181,150
183,735
182,558
191,335
192,738
200,830
228,792
199,438
234,569
270,429
306,816
302,926
307,485
341,428
369,633
383,550
381,186
342,795
362,655
399,738
397,431
415,397
433,903
463,281
498,357
515,908
477,127
518,551
526,747
513,669
520,124
545,131
615,877
583,610
603,222
630,664
671,210
736,637
848,327
987,835
1,038,554
1,026,492
977,117
967,555
967,175
913,157
928,507
928,507913,157967,175967,555977,1171,026,4921,038,554987,835848,327736,637671,210630,664603,222583,610615,877545,131520,124513,669526,747518,551477,127515,908498,357463,281433,903415,397397,431399,738362,655342,795381,186383,550369,633341,428307,485302,926306,816270,429234,569199,438228,792200,830192,738191,335182,558183,735181,150174,992,578152,080152,481149,214148,069131,416134,692137,4870134,961131,7950
   > Total Current Liabilities 
0
4,999
6,932
0
9,851
65,153
64,482
70,299
40,387
36,425
35,386
36,316,672
42,298
41,837
42,500
23,986
15,920
42,032
44,419
45,569
59,100
68,410
72,706
32,817
36,298
50,075
44,828
32,973
36,721
32,413
36,216
39,032
33,388
29,147
36,487
57,182
82,341
88,754
69,003
90,856
91,847
100,896
103,393
107,659
141,298
105,803
127,560
88,627
95,982
139,419
123,644
227,581
139,447
117,383
100,016
110,787
113,697
92,160
98,152
98,15292,160113,697110,787100,016117,383139,447227,581123,644139,41995,98288,627127,560105,803141,298107,659103,393100,89691,84790,85669,00388,75482,34157,18236,48729,14733,38839,03236,21632,41336,72132,97344,82850,07536,29832,81772,70668,41059,10045,56944,41942,03215,92023,98642,50041,83742,29836,316,67235,38636,42540,38770,29964,48265,1539,85106,9324,9990
       Short-term Debt 
0
3,067
0
0
0
55,785
0
64,846
0
26,782
0
20,574,564
0
31,851
0
11,999
0
28,529
0
30,267
0
50,752
0
11,513
0
27,491
0
10,572
0
10,590
326,439
10,453
364,042
2,273
397,417
30,089
0
45,085
0
15,112
0
61,340
0
61,344
0
61,794
0
44,545
0
92,940
0
181,939
0
59,918
0
53,978
0
36,162
0
036,162053,978059,9180181,939092,940044,545061,794061,344061,340015,112045,085030,089397,4172,273364,04210,453326,43910,590010,572027,491011,513050,752030,267028,529011,999031,851020,574,564026,782064,846055,7850003,0670
       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
320,971
326,439
371,158
364,042
2,000
397,417
30,000
0
45,000
0
46,552
0
61,248
0
61,245
0
61,696
0
44,440
0
92,836
0
181,828
0
59,808
0
53,860
0
36,045
0
036,045053,860059,8080181,828092,836044,440061,696061,245061,248046,552045,000030,000397,4172,000364,042371,158326,439320,97100000000000000000000000000000
       Accounts payable 
0
0
0
0
0
3,264
0
0
0
2,735
0
0
0
1,648
0
4,407
0
1,536
0
7,034
0
7,540
0
10,550
0
2,640
0
3,369
0
5,512
0
2,106
0
4,664
0
2,662
0
14,822
0
1,334
0
10,712
0
22,774
0
12,291
0
19,316
0
12,731
0
16,848
0
11,758
0
22,716
0
-35,944
0
0-35,944022,716011,758016,848012,731019,316012,291022,774010,71201,334014,82202,66204,66402,10605,51203,36902,640010,55007,54007,03401,53604,40701,6480002,7350003,26400000
       Other Current Liabilities 
0
1,932
6,932
0
9,851
1,781
64,482
5,453
40,387
194
35,386
15,742,108
42,298
245
42,500
448
15,920
2,255
44,419
95
59,100
10,118
72,706
14
36,298
3,979
44,828
4,021
36,721
22
36,216
5,683
33,388
23
36,487
66
82,341
4,708
69,003
4,764
91,847
4,784
103,393
46,315
141,298
4,753
127,560
5,478
95,982
33,748
123,644
45,642
139,447
20,827
100,016
56,809
113,697
55,998
0
055,998113,69756,809100,01620,827139,44745,642123,64433,74895,9825,478127,5604,753141,29846,315103,3934,78491,8474,76469,0034,70882,3416636,4872333,3885,68336,2162236,7214,02144,8283,97936,2981472,70610,11859,1009544,4192,25515,92044842,50024542,29815,742,10835,38619440,3875,45364,4821,7819,85106,9321,9320
   > Long-term Liabilities 
0
126,796
128,029
0
127,636
69,539
66,934
77,770
108,827
116,056
116,694
138,675,906
138,852
141,898
140,058
167,350
176,819
158,798
184,373
153,869
175,469
202,019
234,110
270,109
271,187
291,353
324,805
350,577
344,465
310,382
326,439
360,706
364,042
386,250
397,417
406,099
416,015
427,154
408,124
427,695
434,900
412,773
416,731
437,472
474,580
477,807
475,663
542,037
575,228
597,218
724,683
760,254
899,108
909,109
877,101
856,768
853,478
820,997
830,355
830,355820,997853,478856,768877,101909,109899,108760,254724,683597,218575,228542,037475,663477,807474,580437,472416,731412,773434,900427,695408,124427,154416,015406,099397,417386,250364,042360,706326,439310,382344,465350,577324,805291,353271,187270,109234,110202,019175,469153,869184,373158,798176,819167,350140,058141,898138,852138,675,906116,694116,056108,82777,77066,93469,539127,6360128,029126,7960
       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
1
0
1
0
2
0
1
0
1
0
0
0
-1
0
1
0
0
0
15,781
575,228
21,579
724,683
39,102
0
36,149
0
0
0
0
0
0000036,149039,102724,68321,579575,22815,78100010-100010102010100000000000000000000000000000
> Total Stockholder Equity
0
84,381
85,611
0
117,848
124,006
128,146
122,164
117,870
116,897
116,194
104,477,639
103,993
123,663
128,048
126,780
128,418
138,869
140,798
180,010
180,329
183,338
186,182
194,221
201,575
208,157
228,689
225,629
231,632
251,846
259,640
247,314
325,883
332,911
344,302
359,794
419,315
433,550
617,672
620,405
640,295
680,029
686,632
708,197
754,345
815,311
894,123
916,451
962,211
1,015,097
1,085,235
1,158,778
1,196,320
1,297,636
1,296,908
1,310,248
1,354,695
1,518,263
1,553,695
1,553,6951,518,2631,354,6951,310,2481,296,9081,297,6361,196,3201,158,7781,085,2351,015,097962,211916,451894,123815,311754,345708,197686,632680,029640,295620,405617,672433,550419,315359,794344,302332,911325,883247,314259,640251,846231,632225,629228,689208,157201,575194,221186,182183,338180,329180,010140,798138,869128,418126,780128,048123,663103,993104,477,639116,194116,897117,870122,164128,146124,006117,848085,61184,3810
   Common Stock
0
68,964
0
0
0
107,329
0
107,329
0
107,329
0
107,328,535
0
128,340
0
131,086
0
137,537
0
176,121
0
176,061
0
185,288
0
185,288
0
200,330
0
200,282
259,640
200,285
325,883
232,938
344,302
241,088
419,315
256,063
617,672
315,032
640,295
314,983
686,632
319,848
754,345
319,812
894,123
323,743
962,211
323,777
1,085,235
323,312
1,196,320
353,244
1,296,908
359,975
1,354,695
394,914
0
0394,9141,354,695359,9751,296,908353,2441,196,320323,3121,085,235323,777962,211323,743894,123319,812754,345319,848686,632314,983640,295315,032617,672256,063419,315241,088344,302232,938325,883200,285259,640200,2820200,3300185,2880185,2880176,0610176,1210137,5370131,0860128,3400107,328,5350107,3290107,3290107,32900068,9640
   Retained Earnings Total Equity00000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
-124
0
0
0
-259
0
0
0
-330
0
0
0
-418
0
0
0
-489
0
0
0
-551
0
0
0
-640
0
0
0
-707
0
0
0
-771
0
0
0
-829
0
0
0
-914
0
0
0
0
0
0
0
0
0
586,085
0
625,115
0
615,948
0
580,953
1,518,263
1,518,263580,9530615,9480625,1150586,085000000000-914000-829000-771000-707000-640000-551000-489000-418000-330000-259000-1240
   Capital Surplus 00000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
18,584
85,611
0
117,848
8,725
128,146
14,836
117,870
10,195
116,194
-889,295
103,993
-1,157
128,048
-14,537
128,418
-14,149
140,798
1,135
180,329
1,721
186,182
-1,901
201,575
-501
228,689
15,357
231,632
17,790
259,640
32,349
325,883
64,196
344,302
88,302
419,315
113,741
617,672
256,458
640,295
257,495
686,632
340,389
754,345
340,490
894,123
464,250
962,211
463,472
1,085,235
70,628
1,196,320
114,819
0
282,410
0
423,586
35,432
35,432423,5860282,4100114,8191,196,32070,6281,085,235463,472962,211464,250894,123340,490754,345340,389686,632257,495640,295256,458617,672113,741419,31588,302344,30264,196325,88332,349259,64017,790231,63215,357228,689-501201,575-1,901186,1821,721180,3291,135140,798-14,149128,418-14,537128,048-1,157103,993-889,295116,19410,195117,87014,836128,1468,725117,848085,61118,5840



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.