25 XP 0   0   10  
0coffee
Main menu
3rd party ad coffee SUPPORTERis ad-free.

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.

Get notifications about Montea C.V.A.

I send you an email if I find something interesting about Montea C.V.A..

1. Quick Overview

1.1. Quick analysis of Montea (30 sec.)










1.2. 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?
€3.44
When do you have the money?
1 year
How often do you get paid?
55.0%

What is your share worth?

Current worth
€69.84
Expected worth in 1 year
€80.81
How sure are you?
95.0%

+ What do you gain per year?

Total Gains per Share
€14.25
Return On Investment
21.2%

For what price can you sell your share?

Current Price per Share
€67.30
Expected price per share
€61.70 - €72.35
How sure are you?
50%
3rd party ad coffee SUPPORTERis ad-free.

2. Detailed Analysis

2.1. Valuation of Montea (5 min.)




Live pricePrice per Share (EOD)
€67.30
Intrinsic Value Per Share
€34.02 - €166.48
Total Value Per Share
€103.86 - €236.31

2.2. Growth of Montea (5 min.)




Is Montea growing?

Current yearPrevious yearGrowGrow %
How rich?$1.6b$1.3b$262m15.9%

How much money is Montea making?

Current yearPrevious yearGrowGrow %
Making money$49.5m$19.4m$30.1m60.8%
Net Profit Margin112.7%64.6%--

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

2.3. Financial Health of Montea (5 min.)




3rd party ad coffee SUPPORTERis ad-free.

3. Summary and Key Metrics

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

Welcome investor! Montea's management wants to use your money to grow the business. In return you get 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 €67.30. 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 €69.84. Based on the TTM, the Book Value Change Per Share is €2.74 per quarter. Based on the YOY, the Book Value Change Per Share is €1.73 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €0.82 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
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps1.191.8%2.153.2%0.841.3%2.053.0%1.241.8%
Usd Book Value Change Per Share1.181.8%2.884.3%1.812.7%2.213.3%1.632.4%
Usd Dividend Per Share0.000.0%0.861.3%0.671.0%0.701.0%0.450.7%
Usd Total Gains Per Share1.181.8%3.745.6%2.493.7%2.914.3%2.073.1%
Usd Price Per Share78.40-84.88-73.20-93.02-72.02-
Price to Earnings Ratio16.51-12.61-250.59-62.24-46.64-
Price-to-Total Gains Ratio66.54-38.59--189.44-8.19-50.17-
Price to Book Ratio1.07-1.19-1.22-2.01-2.86-
Price-to-Total Gains Ratio66.54-38.59--189.44-8.19-50.17-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share70.63135
Number of shares14
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.860.70
Usd Book Value Change Per Share2.882.21
Usd Total Gains Per Share3.742.91
Gains per Quarter (14 shares)52.3340.76
Gains per Year (14 shares)209.33163.03
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
14816119939124153
29632240879247316
3144484617118371479
4193645826158494642
52418061035197618805
62899671244236742968
7337112814532768651131
8385129016623159891294
94331451187135511131457
104811612208039412361620

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%38.02.00.095.0%53.08.00.086.9%
Book Value Change Per Share4.00.00.0100.0%11.01.00.091.7%19.01.00.095.0%37.03.00.092.5%50.09.02.082.0%
Dividend per Share1.00.03.025.0%4.00.08.033.3%6.00.014.030.0%22.00.018.055.0%43.00.018.070.5%
Total Gains per Share4.00.00.0100.0%11.01.00.091.7%19.01.00.095.0%38.02.00.095.0%56.05.00.091.8%
3rd party ad coffee SUPPORTERis ad-free.

3.2. 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--1.1232.743-59%1.729-35%2.103-47%1.550-28%
Book Value Per Share--69.83667.973+3%57.145+22%48.613+44%31.369+123%
Current Ratio--0.5480.786-30%0.654-16%0.525+4%0.712-23%
Debt To Asset Ratio--0.3900.381+2%0.428-9%0.420-7%0.494-21%
Debt To Equity Ratio--0.6390.615+4%0.749-15%0.728-12%1.039-39%
Dividend Per Share---0.819-100%0.642-100%0.671-100%0.425-100%
Enterprise Value--693739780.000948359912.500-27%658747251.750+5%1260257160.700-45%991415015.343-30%
Eps--1.1312.048-45%0.803+41%1.955-42%1.181-4%
Ev To Ebitda Ratio---6.7474.054-266%5.930-214%-1.880-72%5.215-229%
Ev To Sales Ratio--7.4426.698+11%5.506+35%13.126-43%13.931-47%
Free Cash Flow Per Share--1.5091.811-17%1.870-19%1.581-5%0.308+389%
Free Cash Flow To Equity Per Share--2.5983.010-14%2.808-7%3.259-20%1.255+107%
Gross Profit Margin--1.0000.999+0%1.018-2%1.0010%0.993+1%
Intrinsic Value_10Y_max--166.476--------
Intrinsic Value_10Y_min--34.022--------
Intrinsic Value_1Y_max--8.228--------
Intrinsic Value_1Y_min--1.613--------
Intrinsic Value_3Y_max--31.164--------
Intrinsic Value_3Y_min--6.431--------
Intrinsic Value_5Y_max--61.869--------
Intrinsic Value_5Y_min--12.948--------
Market Cap1551763020.000-11%1722387780.0001864767225.000-8%1608253650.000+7%2043577362.000-16%1582248073.193+9%
Net Profit Margin--1.1191.127-1%0.646+73%1.740-36%1.328-16%
Operating Margin---1.1070.040-2841%1.107-200%-0.145-87%0.444-349%
Operating Ratio--1.7090.567+201%0.363+371%0.256+567%0.214+698%
Pb Ratio0.964-11%1.0701.192-10%1.221-12%2.010-47%2.857-63%
Pe Ratio14.873-11%16.50812.612+31%250.585-93%62.241-73%46.636-65%
Price Per Share67.300-11%74.70080.875-8%69.750+7%88.630-16%68.622+9%
Price To Free Cash Flow Ratio11.151-11%12.37711.384+9%7.236+71%10.235+21%-93.723+857%
Price To Total Gains Ratio59.951-11%66.54338.590+72%-189.442+385%8.190+713%50.167+33%
Quick Ratio---1.101-100%0.441-100%0.391-100%0.287-100%
Return On Assets--0.0100.019-47%0.008+23%0.025-61%0.020-51%
Return On Equity--0.0160.030-46%0.014+17%0.044-63%0.039-58%
Total Gains Per Share--1.1233.562-68%2.372-53%2.774-60%1.975-43%
Usd Book Value--1689955276.0001644850986.128+3%1382841983.773+22%1176371447.097+44%759099108.315+123%
Usd Book Value Change Per Share--1.1782.879-59%1.815-35%2.207-47%1.627-28%
Usd Book Value Per Share--73.29371.337+3%59.974+22%51.019+44%32.922+123%
Usd Dividend Per Share---0.860-100%0.674-100%0.704-100%0.446-100%
Usd Enterprise Value--728079899.110995303728.169-27%691355240.712+5%1322639890.155-45%1040490058.602-30%
Usd Eps--1.1872.149-45%0.842+41%2.052-42%1.240-4%
Usd Free Cash Flow--36511055.50043830530.875-17%33941092.375+8%24869109.425+47%5408355.553+575%
Usd Free Cash Flow Per Share--1.5831.901-17%1.963-19%1.659-5%0.324+389%
Usd Free Cash Flow To Equity Per Share--2.7273.160-14%2.947-7%3.421-20%1.318+107%
Usd Market Cap1628575289.490-11%1807645975.1101957073202.638-8%1687862205.675+7%2144734441.419-16%1660569352.816+9%
Usd Price Per Share70.631-11%78.39884.878-8%73.203+7%93.017-16%72.019+9%
Usd Profit--27375158.00049555028.625-45%19408141.125+41%47299967.975-42%29734666.805-8%
Usd Revenue--24458597.50042680803.625-43%32633940.125-25%29476257.000-17%21834694.011+12%
Usd Total Gains Per Share--1.1783.738-68%2.489-53%2.911-60%2.073-43%
 EOD+4 -4MRQTTM+8 -32YOY+21 -195Y+11 -2910Y+18 -22

3.3 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)Between0-1514.873
Price to Book Ratio (EOD)Between0-10.964
Net Profit Margin (MRQ)Greater than01.119
Operating Margin (MRQ)Greater than0-1.107
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.548
Debt to Asset Ratio (MRQ)Less than10.390
Debt to Equity Ratio (MRQ)Less than10.639
Return on Equity (MRQ)Greater than0.150.016
Return on Assets (MRQ)Greater than0.050.010
Total5/10 (50.0%)

3.4 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 than5059.962
Ma 20Greater thanMa 5065.605
Ma 50Greater thanMa 10064.078
Ma 100Greater thanMa 20066.717
OpenGreater thanClose68.400
Total3/5 (60.0%)

4. In-depth Analysis

4.1 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 2025-02-05 08:20:05.

4.2 In-depth Summary

4.2.1. Financial Health Summary

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 less 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.

4.2.2. Valuation Summary

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.
3rd party ad coffee SUPPORTERis ad-free.

4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. 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 111.9% means that €1.12 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 111.9%. The company is making a huge profit. +2
  • The TTM is 112.7%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ111.9%TTM112.7%-0.8%
TTM112.7%YOY64.6%+48.1%
TTM112.7%5Y174.0%-61.3%
5Y174.0%10Y132.8%+41.2%
4.3.1.2. 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.
  • 1.0% 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 1.0%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 1.9%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.0%TTM1.9%-0.9%
TTM1.9%YOY0.8%+1.1%
TTM1.9%5Y2.5%-0.7%
5Y2.5%10Y2.0%+0.5%
4.3.1.3. 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.
  • 1.6% 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 1.6%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 3.0%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.6%TTM3.0%-1.4%
TTM3.0%YOY1.4%+1.6%
TTM3.0%5Y4.4%-1.3%
5Y4.4%10Y3.9%+0.5%
3rd party ad coffee SUPPORTERis ad-free.

4.3.2. Operating Efficiency of Montea C.V.A..

4.3.2. Operating Efficiency
4.3.2.1. 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 -110.7% means the company generated €-1.11  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 -110.7%. The company is operating very inefficient. -2
  • The TTM is 4.0%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ-110.7%TTM4.0%-114.7%
TTM4.0%YOY110.7%-106.6%
TTM4.0%5Y-14.5%+18.6%
5Y-14.5%10Y44.4%-59.0%
4.3.2.2. 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 1.71 means that the operating costs are €1.71 for each €1 in net sales.

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

  • The MRQ is 1.709. The company is inefficient in keeping operating costs low. -1
  • The TTM is 0.567. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ1.709TTM0.567+1.142
TTM0.567YOY0.363+0.204
TTM0.5675Y0.256+0.311
5Y0.25610Y0.214+0.042
3rd party ad coffee SUPPORTERis ad-free.

4.4.3. Liquidity of Montea C.V.A..

4.4.3. Liquidity
4.4.3.1. 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 0.55 means the company has €0.55 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 0.548. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.786. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.548TTM0.786-0.239
TTM0.786YOY0.654+0.132
TTM0.7865Y0.525+0.261
5Y0.52510Y0.712-0.186
4.4.3.2. 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 0.00 means the company can pay off €0.00 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 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM1.101-1.101
TTM1.101YOY0.441+0.659
TTM1.1015Y0.391+0.710
5Y0.39110Y0.287+0.104
3rd party ad coffee SUPPORTERis ad-free.

4.5.4. Solvency of Montea C.V.A..

4.5.4. Solvency
4.5.4.1. 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 0.39 means that Montea assets are financed with 39.0% credit (debt) and the remaining percentage (100% - 39.0%) 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 0.390. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.381. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.390TTM0.381+0.009
TTM0.381YOY0.428-0.047
TTM0.3815Y0.420-0.039
5Y0.42010Y0.494-0.074
4.5.4.2. 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 63.9% means that company has €0.64 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 0.639. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.615. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.639TTM0.615+0.024
TTM0.615YOY0.749-0.134
TTM0.6155Y0.728-0.113
5Y0.72810Y1.039-0.311
3rd party ad coffee SUPPORTERis ad-free.

4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. 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 16.51 means the investor is paying €16.51 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 14.873. Based on the earnings, the company is underpriced. +1
  • The MRQ is 16.508. Based on the earnings, the company is fair priced.
  • The TTM is 12.612. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD14.873MRQ16.508-1.635
MRQ16.508TTM12.612+3.896
TTM12.612YOY250.585-237.973
TTM12.6125Y62.241-49.629
5Y62.24110Y46.636+15.606
4.6.2.2. 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 11.151. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 12.377. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 11.384. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD11.151MRQ12.377-1.226
MRQ12.377TTM11.384+0.993
TTM11.384YOY7.236+4.148
TTM11.3845Y10.235+1.149
5Y10.23510Y-93.723+103.957
3rd party ad coffee SUPPORTERis ad-free.
4.6.2. Book Value per Share
4.6.2.1. 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 1.07 means the investor is paying €1.07 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 0.964. Based on the equity, the company is cheap. +2
  • The MRQ is 1.070. Based on the equity, the company is underpriced. +1
  • The TTM is 1.192. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD0.964MRQ1.070-0.106
MRQ1.070TTM1.192-0.122
TTM1.192YOY1.221-0.030
TTM1.1925Y2.010-0.818
5Y2.01010Y2.857-0.847
4.6.2. Total Gains per Share
3rd party ad coffee SUPPORTERis ad-free.

6. Financial Statements




6.1. Reversals in quarterly reports

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

 2023-09-302023-12-312024-03-312024-06-302024-09-30
EBITDA  36,5072,15238,659-14,76523,89428,10451,998-77,705-25,707
Operating Income  36,8341,06637,900-14,09123,80928,01451,823-68,346-16,523



6.2. Latest Balance Sheet

Balance Sheet of 2024-09-30. Currency in EUR. All numbers in thousands.

Summary
Total Assets2,638,896
Total Liabilities1,028,648
Total Stockholder Equity1,610,248
 As reported
Total Liabilities 1,028,648
Total Stockholder Equity+ 1,610,248
Total Assets = 2,638,896

Assets

Total Assets2,638,896
Total Current Assets57,369
Long-term Assets2,581,527
Total Current Assets
Other Current Assets 57,369
Total Current Assets  (as reported)57,369
Total Current Assets  (calculated)57,369
+/-0
Long-term Assets
Long-term Assets Other 2,581,527
Long-term Assets  (as reported)2,581,527
Long-term Assets  (calculated)2,581,527
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities104,729
Long-term Liabilities923,919
Total Stockholder Equity1,610,248
Total Current Liabilities
Other Current Liabilities 104,729
Total Current Liabilities  (as reported)104,729
Total Current Liabilities  (calculated)104,729
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)923,919
Long-term Liabilities  (calculated)0
+/- 923,919
Total Stockholder Equity
Other Stockholders Equity 1,610,248
Total Stockholder Equity (as reported)1,610,248
Total Stockholder Equity (calculated)1,610,248
+/-0
Other
Common Stock Shares Outstanding 20,204
Liabilities and Stockholders Equity 2,638,896
Net Invested Capital 1,610,248
Net Working Capital -47,360



6.3. Balance Sheets Structured

Currency in EUR. All numbers in thousands.

 Trend2024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-03-31
> 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
2,571,246
2,638,896
2,638,8962,571,2462,482,2032,433,9342,324,4532,280,3862,276,2672,327,7122,236,3352,148,0531,934,9361,752,9171,633,4211,547,1151,497,3451,398,9211,370,2221,253,3281,206,7561,193,6981,167,0421,138,9561,094,818949,477917,690823,193778,324748,426723,432647,170622,413594,759612,937609,297598,440549,685509,160497,247493,098453,867414,996379,546369,688339,797321,254318,214310,705307,498285,247279,574,517268,378269,482267,178270,327259,654258,799255,4320220,660216,2640
   > 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
58,517
57,369
57,36958,51767,495121,60364,15147,68966,965111,71256,59171,98247,95549,23748,86038,01551,10538,38283,07335,58135,56032,31751,33557,15449,51039,05144,37829,60627,54628,81191,43329,09565,61349,29729,73136,76928,52731,99933,24330,61634,95532,04638,43825,94421,08719,45015,01914,23420,49317,26917,99322,571,64315,82915,8518,50711,36021,17322,33322,723015,3218,9000
       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
16,357
0
016,357-87,60487,60427,53313,93231,08267,7669,01736,697015,17207,50305,057010,97607,69007,47504,63406,05303,43605,41403,35002,98504,93105,89604,25003,95004,09301,25107,007011,332,81004,94802,552014,1190004,0770
       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
-1,095
0
0
0
0
0
0
0
0
175,208
0
0
00175,20800000000-1,0950000000000000000000000000000000000000000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,190
0
6,978
0
8,268
0
12,453
0
11,697
0
7,691
0
11,362
0
10,499
0
10,667
0
14,364
0
11,853
0
15,599
0
11,388
0
21,807
0
12,821
0
23,017
0
13,270
0
31,823
0
18,053
0
37,643
0
20,941
0
28,922
0
29,366
0
029,366028,922020,941037,643018,053031,823013,270023,017012,821021,807011,388015,599011,853014,364010,667010,499011,36207,691011,697012,45308,26806,97807,190000000000000000
       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
33,999
67,495
42,160
57,369
57,36942,16067,49533,99936,618-34,87335,88342256,59135,28547,9553548,86030,51251,105483,07324,60535,56078451,33549,67949,51079544,37823,55327,54684091,43323,68165,6134629,73133,78428,527-18633,24324,72034,95519738,43821,99421,08719115,01912,98320,49360317,99311,238,83315,82910,9038,5078,80721,1738,21422,723015,3214,8230
   > 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
2,512,729
2,581,527
2,581,5272,512,7292,414,7082,312,3312,260,3022,232,6972,209,3022,216,0002,179,7442,076,0711,886,9821,703,6801,584,5611,509,0991,446,2401,360,5391,287,1491,217,7471,171,1961,161,3811,115,7071,081,8021,045,307910,426873,313793,587750,778719,615631,999618,075556,801545,462583,206572,527569,913517,686475,917466,631458,142421,821376,558353,603348,601320,347306,235303,980290,212290,230267,254257,002,874252,549253,631258,672258,968238,481236,466232,7090205,339207,3640
       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
88,529
0
088,529082,962052,860050,273037,295036,103034,705030,841027,358013,344012,439013,148013,640012,87709,847010,097010,328010,50008,40007,65507,58807,65107,77407,88308,003,61108,08708,05009950002370
       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
0
0
0000000000000000000001510100096000000000000000000000000000000000
       Intangible Assets 
0
107
0
0
0
83
0
68
0
52
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
578
0
05780548054305670694072706810589048104190435037402950168021201890214021402310125098011401240141039,7990520680830001070
       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
2,571,246
0
02,571,24600023102302,179,7442221,886,9822231,584,561102201,287,149351,171,196351,115,707291,045,30729029750,778139631,99941556,80139010000000000000-10000000000000
> 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
986,882
1,028,648
1,028,648986,882928,507913,157967,175967,555977,1171,026,4921,038,554987,835848,327736,637671,210630,664603,222583,610615,877545,131520,124513,669526,747518,551477,127515,908498,357463,281433,903415,397397,431399,738362,655342,795381,186383,550369,633341,428307,485302,926306,816270,429234,569199,438228,792200,830192,738191,335182,558183,735181,150174,992,578152,080152,481149,214148,069131,416134,692137,4870134,961131,7950
   > 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
99,037
104,729
104,72999,03798,15292,160113,697110,787100,016117,383139,447227,581123,644139,41995,98288,627127,560105,803141,298107,659103,393100,89691,84790,85669,00388,75482,34157,18236,48729,14733,38839,03236,21632,41336,72132,97344,82850,07536,29832,81772,70668,41059,10045,56944,41942,03215,92023,98642,50041,83742,29836,316,67235,38636,42540,38770,29964,48265,1539,85106,9324,9990
       Short-term Debt 
0
3,067
0
0
0
55,785
0
64,846
0
26,782
0
20,574,564
0
31,851
42,500
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
36,551
0
036,551036,162053,978059,9180181,939092,940044,545061,794061,344061,340015,112045,085030,089397,4172,273364,04210,453326,43910,590010,572027,491011,513050,752030,267028,529011,99942,50031,851020,574,564026,782064,846055,7850003,0670
       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
36,426
0
036,426036,045053,860059,8080181,828092,836044,440061,696061,245061,248046,552045,000030,000397,4172,000364,042371,158326,439320,97100000000000000000000000000000
       Accounts payable 
0
2,486
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
8,600
0
0
0
0008,600022,716011,758016,848012,731019,316012,291022,774010,71201,334014,82202,66204,66402,10605,51203,36902,640010,55007,54007,03401,53604,40701,6480002,7350003,2640002,4860
       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
44,660
98,152
61,147
104,729
104,72961,14798,15244,660113,69756,809100,01620,827139,44745,642123,64433,74895,9825,478127,5604,753141,29846,315103,3934,78491,8474,76469,0034,70882,3416636,4872333,3885,68336,2162236,7214,02144,8283,97936,2981472,70610,11859,1009544,4192,25515,92044842,50024542,29815,742,10835,38619440,3875,45364,4821,7819,85106,9321,9320
   > 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
887,844
923,919
923,919887,844830,355820,997853,478856,768877,101909,109899,108760,254724,683597,218575,228542,037475,663477,807474,580437,472416,731412,773434,900427,695408,124427,154416,015406,099397,417386,250364,042360,706326,439310,382344,465350,577324,805291,353271,187270,109234,110202,019175,469153,869184,373158,798176,819167,350140,058141,898138,852138,675,906116,694116,056108,82777,77066,93469,539127,6360128,029126,7960
       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
0
0
000000036,149039,102724,68321,579575,22815,78100010-100010102010100000000000000000000000000000
> 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
1,584,365
1,610,248
1,610,2481,584,3651,553,6951,518,2631,354,6951,310,2481,296,9081,297,6361,196,3201,158,7781,085,2351,015,097962,211916,451894,123815,311754,345708,197686,632680,029640,295620,405617,672433,550419,315359,794344,302332,911325,883247,314259,640251,846231,632225,629228,689208,157201,575194,221186,182183,338180,329180,010140,798138,869128,418126,780128,048123,663103,993104,477,639116,194116,897117,870122,164128,146124,006117,848085,61184,3810
   Common Stock
0
68,964
0
0
0
107,329
0
107,329
0
107,329
0
107,328,535
0
128,340
128,048
131,086
128,418
137,537
140,798
176,121
180,329
176,061
186,182
185,288
201,575
185,288
228,689
200,330
231,632
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
406,590
0
0406,5900394,9141,354,695359,9751,296,908353,2441,196,320323,3121,085,235323,777962,211323,743894,123319,812754,345319,848686,632314,983640,295315,032617,672256,063419,315241,088344,302232,938325,883200,285259,640200,282231,632200,330228,689185,288201,575185,288186,182176,061180,329176,121140,798137,537128,418131,086128,048128,3400107,328,5350107,3290107,3290107,32900068,9640
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
-124
0
0
0
-259
0
0
0
-330
0
0
0
-418
0
-16,309
0
-489
0
-13,515
0
-551
0
-22,794
0
-640
0
-17,082
0
-707
0
-90
0
-771
0
12,403
0
-829
0
524,216
0
-914
0
166,075
0
273,225
0
358,015
0
456,627
0
586,085
0
625,115
0
615,948
0
580,953
1,518,263
721,973
0
0721,9731,518,263580,9530615,9480625,1150586,0850456,6270358,0150273,2250166,0750-9140524,2160-829012,4030-7710-900-7070-17,0820-6400-22,7940-5510-13,5150-4890-16,3090-418000-330000-259000-1240
   Capital Surplus 0000000000000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000000000000000000000
   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
75,899
419,315
113,741
617,672
-267,758
640,295
257,495
686,632
174,314
754,345
67,265
894,123
106,235
962,211
463,472
1,085,235
70,628
1,196,320
114,819
0
282,410
0
423,586
35,432
1,082,143
1,610,248
1,610,2481,082,14335,432423,5860282,4100114,8191,196,32070,6281,085,235463,472962,211106,235894,12367,265754,345174,314686,632257,495640,295-267,758617,672113,741419,31575,899344,30264,196325,88332,349259,64017,790231,63215,357228,689-501201,575-1,901186,1821,721180,3291,135140,798-14,149128,418-14,537128,048-1,157103,993-889,295116,19410,195117,87014,836128,1468,725117,848085,61118,5840



6.4. Balance Sheets

Currency in EUR. All numbers in thousands.




6.5. Cash Flows

Currency in EUR. All numbers in thousands.