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UMICORE S.A.
Buy, Hold or Sell?

Let's analyse UMICORE S.A. together

PenkeI guess you are interested in UMICORE S.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 UMICORE S.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.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of UMICORE S.A. (30 sec.)










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

How much money do you get?

How much money do you get?
€3.48
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
€15.38
Expected worth in 1 year
€17.63
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
€5.45
Return On Investment
29.1%

For what price can you sell your share?

Current Price per Share
€18.71
Expected price per share
€0 - €19.82
How sure are you?
50%

1. Valuation of UMICORE S.A. (5 min.)




Live pricePrice per Share (EOD)

€18.71

Intrinsic Value Per Share

€0.17 - €36.10

Total Value Per Share

€15.55 - €51.48

2. Growth of UMICORE S.A. (5 min.)




Is UMICORE S.A. growing?

Current yearPrevious yearGrowGrow %
How rich?$4b$3.8b$142.7m3.6%

How much money is UMICORE S.A. making?

Current yearPrevious yearGrowGrow %
Making money$418.2m$619m-$200.7m-48.0%
Net Profit Margin2.1%2.2%--

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

3. Financial Health of UMICORE S.A. (5 min.)




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

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

What can you expect buying and holding a share of UMICORE S.A.?

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

Speculation

The Price per Share of UMICORE S.A. is €18.71. 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 UMICORE S.A..
  • 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 UMICORE S.A., 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 €15.38. Based on the TTM, the Book Value Change Per Share is €0.56 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 €0.80 per quarter.
Based on historical numbers we can estimate the returns while holding a share of UMICORE S.A..

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 Eps1.749.3%1.749.3%2.5713.7%1.799.6%1.387.4%
Usd Book Value Change Per Share0.613.3%0.613.3%1.8810.0%0.955.1%0.834.5%
Usd Dividend Per Share0.874.6%0.874.6%0.874.6%0.733.9%0.693.7%
Usd Total Gains Per Share1.487.9%1.487.9%2.7414.7%1.689.0%1.538.2%
Usd Price Per Share27.08-27.08-37.60-29.25-14.62-
Price to Earnings Ratio15.56-15.56-14.62-23.42-11.71-
Price-to-Total Gains Ratio18.28-18.28-13.71-114.19-114.19-
Price to Book Ratio1.62-1.62-2.34-2.06-1.03-
Price-to-Total Gains Ratio18.28-18.28-13.71-114.19-114.19-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share20.322802
Number of shares49
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.870.73
Usd Book Value Change Per Share0.610.95
Usd Total Gains Per Share1.481.68
Gains per Quarter (49 shares)72.5782.39
Gains per Year (49 shares)290.28329.55
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1170120280143186320
2341240570286373650
3511360860430559980
468148011505737451310
585160014407169321640
61022720173085911181970
711928402020100213042300
813629602310114614912630
9153310802600128916772960
10170312002890143218633290

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%22.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%3.02.00.060.0%7.03.00.070.0%15.07.00.068.2%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%22.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%21.01.00.095.5%

Fundamentals of UMICORE S.A.

About UMICORE S.A.

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 less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able 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 able to pay all its debts by selling its assets.
The company is just 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 fair priced.
Based on how much money comes from the company's main activities, the company is overpriced.

1.1. Profitability of UMICORE S.A..

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit UMICORE S.A. earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare UMICORE S.A. to the  industry mean.
  • A Net Profit Margin of 2.1% 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 UMICORE S.A.:

  • The MRQ is 2.1%. The company is making a profit. +1
  • The TTM is 2.1%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ2.1%TTM2.1%0.0%
TTM2.1%YOY2.2%-0.1%
TTM2.1%5Y1.8%+0.3%
5Y1.8%10Y1.8%+0.0%
1.1.2. Return on Assets

Shows how efficient UMICORE S.A. is using its assets to generate profit.

  • Above 5% is considered healthy but always compare UMICORE S.A. to the  industry mean.
  • 3.9% Return on Assets means that UMICORE S.A. generated €0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of UMICORE S.A.:

  • The MRQ is 3.9%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.9%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.9%TTM3.9%0.0%
TTM3.9%YOY5.7%-1.9%
TTM3.9%5Y4.4%-0.6%
5Y4.4%10Y4.3%+0.1%
1.1.3. Return on Equity

Shows how efficient UMICORE S.A. is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare UMICORE S.A. to the  industry mean.
  • 10.5% Return on Equity means UMICORE S.A. generated €0.11 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of UMICORE S.A.:

  • The MRQ is 10.5%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 10.5%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ10.5%TTM10.5%0.0%
TTM10.5%YOY16.2%-5.7%
TTM10.5%5Y12.6%-2.0%
5Y12.6%10Y11.4%+1.2%

1.2. Operating Efficiency of UMICORE S.A..

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient UMICORE S.A. is operating .

  • Measures how much profit UMICORE S.A. 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 UMICORE S.A. to the  industry mean.
  • An Operating Margin of 3.3% means the company generated €0.03  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of UMICORE S.A.:

  • The MRQ is 3.3%. The company is operating less efficient.
  • The TTM is 3.3%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ3.3%TTM3.3%0.0%
TTM3.3%YOY3.2%+0.0%
TTM3.3%5Y2.9%+0.4%
5Y2.9%10Y2.7%+0.1%
1.2.2. Operating Ratio

Measures how efficient UMICORE S.A. is keeping operating costs low.

  • Below 1 is considered healthy (always compare to  industry mean).
  • An Operation Ratio of 0.97 means that the operating costs are €0.97 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of UMICORE S.A.:

  • The MRQ is 0.967. The company is less efficient in keeping operating costs low.
  • The TTM is 0.967. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.967TTM0.9670.000
TTM0.967YOY0.967+0.000
TTM0.9675Y0.970-0.003
5Y0.97010Y0.971-0.001

1.3. Liquidity of UMICORE S.A..

1.3. Liquidity
1.3.1. Current Ratio

Measures if UMICORE S.A. is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to  industry mean).
  • A Current Ratio of 1.62 means the company has €1.62 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of UMICORE S.A.:

  • The MRQ is 1.616. The company is able to pay all its short-term debts. +1
  • The TTM is 1.616. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.616TTM1.6160.000
TTM1.616YOY1.584+0.032
TTM1.6165Y1.621-0.005
5Y1.62110Y1.540+0.081
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare UMICORE S.A. to the  industry mean.
  • A Quick Ratio of 0.82 means the company can pay off €0.82 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of UMICORE S.A.:

  • The MRQ is 0.823. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.823. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.823TTM0.8230.000
TTM0.823YOY0.297+0.527
TTM0.8235Y0.654+0.169
5Y0.65410Y0.507+0.147

1.4. Solvency of UMICORE S.A..

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of UMICORE S.A. assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare UMICORE S.A. to industry mean.
  • A Debt to Asset Ratio of 0.63 means that UMICORE S.A. assets are financed with 62.9% credit (debt) and the remaining percentage (100% - 62.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of UMICORE S.A.:

  • The MRQ is 0.629. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.629. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.629TTM0.6290.000
TTM0.629YOY0.641-0.012
TTM0.6295Y0.645-0.016
5Y0.64510Y0.608+0.037
1.4.2. Debt to Equity Ratio

Measures if UMICORE S.A. is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare UMICORE S.A. to the  industry mean.
  • A Debt to Equity ratio of 171.2% means that company has €1.71 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of UMICORE S.A.:

  • The MRQ is 1.712. The company is just able to pay all its debts with equity.
  • The TTM is 1.712. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.712TTM1.7120.000
TTM1.712YOY1.813-0.101
TTM1.7125Y1.866-0.154
5Y1.86610Y1.625+0.241

2. Market Valuation of UMICORE S.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 UMICORE S.A. generates.

  • Above 15 is considered overpriced but always compare UMICORE S.A. to the  industry mean.
  • A PE ratio of 15.56 means the investor is paying €15.56 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of UMICORE S.A.:

  • The EOD is 11.680. Based on the earnings, the company is underpriced. +1
  • The MRQ is 15.563. Based on the earnings, the company is fair priced.
  • The TTM is 15.563. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD11.680MRQ15.563-3.883
MRQ15.563TTM15.5630.000
TTM15.563YOY14.621+0.942
TTM15.5635Y23.419-7.856
5Y23.41910Y11.710+11.710
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of UMICORE S.A.:

  • The EOD is 43.884. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 58.473. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The TTM is 58.473. Based on how much money comes from the company's main activities, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD43.884MRQ58.473-14.589
MRQ58.473TTM58.4730.000
TTM58.473YOY58.320+0.153
TTM58.4735Y45.938+12.536
5Y45.93810Y22.969+22.969
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to industry mean).
  • A PB ratio of 1.62 means the investor is paying €1.62 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of UMICORE S.A.:

  • The EOD is 1.217. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.621. Based on the equity, the company is underpriced. +1
  • The TTM is 1.621. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.217MRQ1.621-0.404
MRQ1.621TTM1.6210.000
TTM1.621YOY2.337-0.716
TTM1.6215Y2.063-0.442
5Y2.06310Y1.032+1.032
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of UMICORE S.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--0.5640.5640%1.727-67%0.875-36%0.767-26%
Book Value Per Share--15.38015.3800%14.816+4%13.025+18%10.924+41%
Current Ratio--1.6161.6160%1.584+2%1.6210%1.540+5%
Debt To Asset Ratio--0.6290.6290%0.641-2%0.645-3%0.608+3%
Debt To Equity Ratio--1.7121.7120%1.813-6%1.866-8%1.625+5%
Dividend Per Share--0.8000.8000%0.798+0%0.673+19%0.640+25%
Eps--1.6021.6020%2.368-32%1.651-3%1.269+26%
Free Cash Flow Per Share--0.4260.4260%0.594-28%0.887-52%0.274+56%
Free Cash Flow To Equity Per Share--1.1951.1950%0.126+847%1.184+1%0.733+63%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--36.101--------
Intrinsic Value_10Y_min--0.169--------
Intrinsic Value_1Y_max--1.961--------
Intrinsic Value_1Y_min--0.211--------
Intrinsic Value_3Y_max--7.155--------
Intrinsic Value_3Y_min--0.471--------
Intrinsic Value_5Y_max--13.870--------
Intrinsic Value_5Y_min--0.547--------
Market Cap--5993492101.2005993492101.2000%8332546931.220-28%6497150494.828-8%3248575247.414+84%
Net Profit Margin--0.0210.0210%0.022-6%0.018+15%0.018+16%
Operating Margin--0.0330.0330%0.032+1%0.029+14%0.027+19%
Operating Ratio--0.9670.9670%0.967+0%0.9700%0.9710%
Pb Ratio1.217-33%1.6211.6210%2.337-31%2.063-21%1.032+57%
Pe Ratio11.680-33%15.56315.5630%14.621+6%23.419-34%11.710+33%
Price Per Share18.710-33%24.93024.9300%34.620-28%26.926-7%13.463+85%
Price To Free Cash Flow Ratio43.884-33%58.47358.4730%58.320+0%45.938+27%22.969+155%
Price To Total Gains Ratio13.722-33%18.28418.2840%13.710+33%114.187-84%114.187-84%
Quick Ratio--0.8230.8230%0.297+177%0.654+26%0.507+62%
Return On Assets--0.0390.0390%0.057-33%0.044-13%0.043-11%
Return On Equity--0.1050.1050%0.162-35%0.126-16%0.114-8%
Total Gains Per Share--1.3631.3630%2.525-46%1.548-12%1.406-3%
Usd Book Value--4016224500.0004016224500.0000%3873443510.000+4%3413523402.560+18%2782655509.820+44%
Usd Book Value Change Per Share--0.6120.6120%1.876-67%0.951-36%0.833-26%
Usd Book Value Per Share--16.70616.7060%16.093+4%14.148+18%11.866+41%
Usd Dividend Per Share--0.8690.8690%0.867+0%0.731+19%0.695+25%
Usd Eps--1.7401.7400%2.572-32%1.794-3%1.378+26%
Usd Free Cash Flow--111335500.000111335500.0000%155192997.400-28%232805028.760-52%70327648.300+58%
Usd Free Cash Flow Per Share--0.4630.4630%0.645-28%0.963-52%0.298+56%
Usd Free Cash Flow To Equity Per Share--1.2981.2980%0.137+847%1.286+1%0.796+63%
Usd Market Cap--6510131120.3236510131120.3230%9050812476.691-28%7057204867.482-8%3528602433.741+84%
Usd Price Per Share20.323-33%27.07927.0790%37.604-28%29.247-7%14.624+85%
Usd Profit--418295620.000418295620.0000%619025380.000-32%432802907.200-3%324964862.580+29%
Usd Revenue--19840420580.00019840420580.0000%27628065082.600-28%23016808057.160-14%17442720650.140+14%
Usd Total Gains Per Share--1.4811.4810%2.743-46%1.681-12%1.528-3%
 EOD+4 -2MRQTTM+0 -0YOY+15 -205Y+16 -1910Y+22 -13

3.2. Fundamental Score

Let's check the fundamental score of UMICORE S.A. based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1511.680
Price to Book Ratio (EOD)Between0-11.217
Net Profit Margin (MRQ)Greater than00.021
Operating Margin (MRQ)Greater than00.033
Quick Ratio (MRQ)Greater than10.823
Current Ratio (MRQ)Greater than11.616
Debt to Asset Ratio (MRQ)Less than10.629
Debt to Equity Ratio (MRQ)Less than11.712
Return on Equity (MRQ)Greater than0.150.105
Return on Assets (MRQ)Greater than0.050.039
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of UMICORE S.A. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5034.105
Ma 20Greater thanMa 5020.573
Ma 50Greater thanMa 10020.390
Ma 100Greater thanMa 20020.397
OpenGreater thanClose18.250
Total1/5 (20.0%)



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
Minority Interest  -11,4296,032-5,397-2,593-7,9905,490-2,50010,5008,000



Latest Balance Sheet

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

Summary
Total Assets9,965,700
Total Liabilities6,268,200
Total Stockholder Equity3,661,100
 As reported
Total Liabilities 6,268,200
Total Stockholder Equity+ 3,661,100
Total Assets = 9,965,700

Assets

Total Assets9,965,700
Total Current Assets5,811,100
Long-term Assets4,154,600
Total Current Assets
Cash And Cash Equivalents 1,515,500
Net Receivables 1,445,500
Inventory 2,850,100
Total Current Assets  (as reported)5,811,100
Total Current Assets  (calculated)5,811,100
+/-0
Long-term Assets
Property Plant Equipment 3,036,700
Goodwill 158,271
Intangible Assets 222,729
Long-term Assets Other 300
Long-term Assets  (as reported)4,154,600
Long-term Assets  (calculated)3,418,000
+/- 736,600

Liabilities & Shareholders' Equity

Total Current Liabilities3,596,000
Long-term Liabilities2,672,200
Total Stockholder Equity3,661,100
Total Current Liabilities
Short-term Debt 728,700
Short Long Term Debt 728,700
Accounts payable 2,591,400
Other Current Liabilities 53,100
Total Current Liabilities  (as reported)3,596,000
Total Current Liabilities  (calculated)4,101,900
+/- 505,900
Long-term Liabilities
Long term Debt 1,975,146
Capital Lease Obligations 66,856
Long-term Liabilities Other 200
Long-term Liabilities  (as reported)2,672,200
Long-term Liabilities  (calculated)2,042,202
+/- 629,998
Total Stockholder Equity
Common Stock1,384,300
Retained Earnings 2,715,600
Other Stockholders Equity -438,800
Total Stockholder Equity (as reported)3,661,100
Total Stockholder Equity (calculated)3,661,100
+/-0
Other
Capital Stock1,384,300
Cash and Short Term Investments 1,515,500
Common Stock Shares Outstanding 240,413
Current Deferred Revenue222,800
Liabilities and Stockholders Equity 9,965,700
Net Debt 1,232,600
Net Invested Capital 4,389,800
Net Working Capital 2,215,200
Property Plant and Equipment Gross 6,038,881
Short Long Term Debt Total 2,748,100



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-31
> Total Assets 
2,260,002
3,108,662
3,533,335
2,936,926
3,775,949
3,285,323
3,024,927
2,826,693
3,511,598
3,713,160
3,667,900
3,512,304
3,851,368
4,030,076
4,145,748
5,115,661
6,053,308
7,023,390
8,340,893
9,045,241
9,942,372
9,965,700
9,965,7009,942,3729,045,2418,340,8937,023,3906,053,3085,115,6614,145,7484,030,0763,851,3683,512,3043,667,9003,713,1603,511,5982,826,6933,024,9273,285,3233,775,9492,936,9263,533,3353,108,6622,260,002
   > Total Current Assets 
1,152,924
1,696,184
2,423,978
1,748,526
2,420,742
2,145,570
1,894,483
1,583,142
2,139,701
2,294,649
2,189,732
1,961,076
2,140,865
2,415,872
2,418,339
3,169,986
3,807,093
4,213,160
5,445,200
5,942,471
6,548,298
5,811,100
5,811,1006,548,2985,942,4715,445,2004,213,1603,807,0933,169,9862,418,3392,415,8722,140,8651,961,0762,189,7322,294,6492,139,7011,583,1421,894,4832,145,5702,420,7421,748,5262,423,9781,696,1841,152,924
       Cash And Cash Equivalents 
106,031
129,093
113,395
106,143
174,617
218,914
254,947
185,332
124,717
103,981
131,427
99,245
89,791
74,486
84,460
168,115
285,079
271,724
1,010,307
1,194,437
1,239,869
1,515,500
1,515,5001,239,8691,194,4371,010,307271,724285,079168,11584,46074,48689,79199,245131,427103,981124,717185,332254,947218,914174,617106,143113,395129,093106,031
       Short-term Investments 
0
0
114,383
0
328
64
0
0
37
0
3
16,111
12,236
9,871
37,306
57,797
36,028
-14,230
-15,116
-22,562
-16,518
0
0-16,518-22,562-15,116-14,23036,02857,79737,3069,87112,23616,111303700643280114,38300
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
697,377
1,067,880
871,045
1,148,852
1,629,827
1,761,975
4,157
1,445,500
1,445,5004,1571,761,9751,629,8271,148,852871,0451,067,880697,37700000000000000
       Inventory 
650,329
905,558
797,640
0
1,152,272
968,668
898,534
859,582
1,183,034
1,305,010
1,224,061
1,104,394
1,180,437
1,051,720
1,183,141
1,613,400
2,300,110
2,456,156
2,710,869
2,857,011
3,389,572
2,850,100
2,850,1003,389,5722,857,0112,710,8692,456,1562,300,1101,613,4001,183,1411,051,7201,180,4371,104,3941,224,0611,305,0101,183,034859,582898,534968,6681,152,2720797,640905,558650,329
       Other Current Assets 
396,564
661,533
1,398,560
1,642,383
1,093,525
957,924
741,002
538,228
831,913
885,658
834,241
741,326
858,401
1,279,795
1,113,432
1,330,674
1,185,876
1,485,280
86,973
116,989
1,914,700
0
01,914,700116,98986,9731,485,2801,185,8761,330,6741,113,4321,279,795858,401741,326834,241885,658831,913538,228741,002957,9241,093,5251,642,3831,398,560661,533396,564
   > Long-term Assets 
1,107,078
1,412,478
1,109,357
1,188,400
1,355,207
1,139,753
1,130,444
1,243,551
1,371,897
1,418,511
1,478,168
1,551,228
1,710,503
1,614,204
1,727,409
1,945,675
2,246,215
2,810,228
2,895,694
3,102,769
3,394,075
4,154,600
4,154,6003,394,0753,102,7692,895,6942,810,2282,246,2151,945,6751,727,4091,614,2041,710,5031,551,2281,478,1681,418,5111,371,8971,243,5511,130,4441,139,7531,355,2071,188,4001,109,3571,412,4781,107,078
       Property Plant Equipment 
774,515
950,770
704,293
712,796
716,386
622,685
709,194
763,790
804,510
864,336
912,268
998,563
1,061,735
1,022,591
1,070,403
1,301,411
1,601,892
2,094,672
2,163,661
2,351,133
2,532,301
3,036,700
3,036,7002,532,3012,351,1332,163,6612,094,6721,601,8921,301,4111,070,4031,022,5911,061,735998,563912,268864,336804,510763,790709,194622,685716,386712,796704,293950,770774,515
       Goodwill 
36,757
91,320
91,243
0
0
0
0
0
0
0
99,348
108,475
140,336
131,860
132,592
142,685
142,491
156,705
155,990
158,585
158,415
158,271
158,271158,415158,585155,990156,705142,491142,685132,592131,860140,336108,47599,348000000091,24391,32036,757
       Intangible Assets 
15,754
28,687
27,851
116,417
110,734
112,267
123,076
138,957
169,497
183,303
101,554
109,776
125,737
119,930
172,748
186,123
194,814
214,154
190,898
181,263
184,951
222,729
222,729184,951181,263190,898214,154194,814186,123172,748119,930125,737109,776101,554183,303169,497138,957123,076112,267110,734116,41727,85128,68715,754
       Long-term Assets Other 
220,495
259,727
137,197
219,934
9,202
7,457
209,056
244,702
15,222
282,380
22,109
37,421
31,003
26,599
49,621
83,228
50,791
1
-100
718
4,786
300
3004,786718-100150,79183,22849,62126,59931,00337,42122,109282,38015,222244,702209,0567,4579,202219,934137,197259,727220,495
> Total Liabilities 
1,170,900
1,916,703
2,250,633
1,921,504
2,787,807
1,752,126
1,692,574
1,459,966
1,936,356
1,991,452
1,862,094
1,788,869
2,101,235
2,245,105
2,297,706
3,253,024
3,393,974
4,362,926
5,719,037
5,877,967
6,376,322
6,268,200
6,268,2006,376,3225,877,9675,719,0374,362,9263,393,9743,253,0242,297,7062,245,1052,101,2351,788,8691,862,0941,991,4521,936,3561,459,9661,692,5741,752,1262,787,8071,921,5042,250,6331,916,7031,170,900
   > Total Current Liabilities 
790,842
1,453,778
1,442,393
1,267,997
1,974,193
1,235,496
953,273
943,821
1,384,528
1,599,945
1,439,646
1,349,815
1,607,278
1,754,862
1,806,422
2,084,271
2,208,591
2,676,122
3,359,136
3,479,568
4,134,311
3,596,000
3,596,0004,134,3113,479,5683,359,1362,676,1222,208,5912,084,2711,806,4221,754,8621,607,2781,349,8151,439,6461,599,9451,384,528943,821953,2731,235,4961,974,1931,267,9971,442,3931,453,778790,842
       Short-term Debt 
222,005
736,706
290,786
0
328
64
165,841
186,103
37
346,654
351,047
287,839
365,513
338,871
400,787
313,867
436,760
564,061
719,178
430,848
717,259
728,700
728,700717,259430,848719,178564,061436,760313,867400,787338,871365,513287,839351,047346,65437186,103165,841643280290,786736,706222,005
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
400,787
313,867
436,760
564,061
719,178
430,848
717,300
728,700
728,700717,300430,848719,178564,061436,760313,867400,78700000000000000
       Accounts payable 
543,121
657,418
338,338
842,562
1,279,896
864,816
671,708
676,493
1,022,423
1,148,450
728,311
710,729
855,877
737,505
843,498
1,209,684
1,102,383
1,466,140
1,896,099
2,196,225
2,250,707
2,591,400
2,591,4002,250,7072,196,2251,896,0991,466,1401,102,3831,209,684843,498737,505855,877710,729728,3111,148,4501,022,423676,493671,708864,8161,279,896842,562338,338657,418543,121
       Other Current Liabilities 
25,716
59,654
813,269
425,435
694,297
370,680
115,724
81,225
362,105
104,841
360,288
351,247
385,888
678,486
562,137
560,720
557,943
645,921
711,679
822,644
1,133,284
53,100
53,1001,133,284822,644711,679645,921557,943560,720562,137678,486385,888351,247360,288104,841362,10581,225115,724370,680694,297425,435813,26959,65425,716
   > Long-term Liabilities 
380,058
462,925
808,240
653,507
813,614
516,630
739,301
516,145
551,828
391,507
422,448
439,054
493,957
490,243
491,284
1,168,753
1,185,383
1,686,804
2,359,901
2,398,399
2,242,011
2,672,200
2,672,2002,242,0112,398,3992,359,9011,686,8041,185,3831,168,753491,284490,243493,957439,054422,448391,507551,828516,145739,301516,630813,614653,507808,240462,925380,058
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
24,394
694,104
708,846
1,151,083
1,705,154
1,724,037
0
0
001,724,0371,705,1541,151,083708,846694,10424,39400000000000000
> Total Stockholder Equity
1,024,305
1,129,365
1,229,151
926,770
939,037
1,491,227
1,290,683
1,314,191
1,516,961
1,667,529
1,751,664
1,677,141
1,704,551
1,732,392
1,789,598
1,803,033
2,609,408
2,593,467
2,557,182
3,112,882
3,516,481
3,661,100
3,661,1003,516,4813,112,8822,557,1822,593,4672,609,4081,803,0331,789,5981,732,3921,704,5511,677,1411,751,6641,667,5291,516,9611,314,1911,290,6831,491,227939,037926,7701,229,1511,129,3651,024,305
   Common Stock
500,000
562,393
381,941
389,350
463,866
469,421
502,862
502,862
502,862
502,862
502,862
502,862
502,862
502,862
502,862
502,862
1,384,273
1,384,273
1,384,273
1,384,273
1,384,273
1,384,300
1,384,3001,384,2731,384,2731,384,2731,384,2731,384,273502,862502,862502,862502,862502,862502,862502,862502,862502,862502,862469,421463,866389,350381,941562,393500,000
   Retained Earnings 
551,986
582,902
597,575
678,811
827,503
1,427,831
1,084,601
1,086,036
1,234,242
1,461,047
1,577,658
1,647,378
1,472,660
1,501,290
1,559,969
1,584,442
1,610,882
1,678,348
1,749,655
2,151,292
2,526,051
2,715,600
2,715,6002,526,0512,151,2921,749,6551,678,3481,610,8821,584,4421,559,9691,501,2901,472,6601,647,3781,577,6581,461,0471,234,2421,086,0361,084,6011,427,831827,503678,811597,575582,902551,986
   Capital Surplus 0000000000000000000000
   Treasury Stock00-226,313-208,921-184,701-158,103-81,754-89,61600000000000000
   Other Stockholders Equity 
-27,681
-15,930
249,635
-141,391
-352,332
-406,025
-296,780
1,053,772
1,161,474
1,184,020
1,257,490
1,166,961
1,490,653
1,341,531
1,473,537
1,619,832
1,709,835
-469,154
-576,746
-422,683
-393,843
-438,800
-438,800-393,843-422,683-576,746-469,1541,709,8351,619,8321,473,5371,341,5311,490,6531,166,9611,257,4901,184,0201,161,4741,053,772-296,780-406,025-352,332-141,391249,635-15,930-27,681



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.