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Solvac S.A.
Buy, Hold or Sell?

Let's analyze Solvac together

I guess you are interested in Solvac 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 Solvac 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.

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Quick analysis of Solvac (30 sec.)










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

How much money do you get?

How much money do you get?
‚ā¨0.00
When do you have the money?
1 year
How often do you get paid?
90.0%

What is your share worth?

Current worth
‚ā¨118.64
Expected worth in 1 year
‚ā¨37.78
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
‚ā¨-80.86
Return On Investment
-76.3%

For what price can you sell your share?

Current Price per Share
‚ā¨106.00
Expected price per share
‚ā¨100.50 - ‚ā¨114.00
How sure are you?
50%
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1. Valuation of Solvac (5 min.)




Live pricePrice per Share (EOD)

‚ā¨106.00

2. Growth of Solvac (5 min.)




Is Solvac growing?

Current yearPrevious yearGrowGrow %
How rich?$2.7b$3.2b-$468.5m-17.0%

How much money is Solvac making?

Current yearPrevious yearGrowGrow %
Making money$138m$644.1m-$506m-366.5%
Net Profit Margin0.0%99.2%--

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

3. Financial Health of Solvac (5 min.)




4. Comparing to competitors in the Chemicals industry (5 min.)




  Industry Rankings (Chemicals)  


Richest
#38 / 313

Most Revenue
#313 / 313

Most Profit
#12 / 313

Most Efficient
#208 / 313
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What can you expect buying and holding a share of Solvac? (5 min.)

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

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

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

Speculation

The Price per Share of Solvac is ‚ā¨106.00. 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 Solvac.
  • 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 Solvac, 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¨118.64. Based on the TTM, the Book Value Change Per Share is ‚ā¨-20.21 per quarter. Based on the YOY, the Book Value Change Per Share is ‚ā¨1.96 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¨0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Solvac.

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 Eps6.466.1%6.466.1%30.1328.4%7.457.0%8.448.0%
Usd Book Value Change Per Share-21.92-20.7%-21.92-20.7%2.132.0%-9.71-9.2%0.740.7%
Usd Dividend Per Share0.000.0%0.000.0%6.045.7%4.744.5%4.764.5%
Usd Total Gains Per Share-21.92-20.7%-21.92-20.7%8.177.7%-4.97-4.7%5.505.2%
Usd Price Per Share135.55-135.55-109.52-122.86-123.45-
Price to Earnings Ratio20.98-20.98-3.63-20.87-28.77-
Price-to-Total Gains Ratio-6.18--6.18-13.41--1.08-1.32-
Price to Book Ratio1.05-1.05-0.73-0.87-0.85-
Price-to-Total Gains Ratio-6.18--6.18-13.41--1.08-1.32-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share114.9464
Number of shares8
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.004.74
Usd Book Value Change Per Share-21.92-9.71
Usd Total Gains Per Share-21.92-4.97
Gains per Quarter (8 shares)-175.36-39.78
Gains per Year (8 shares)-701.44-159.12
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-701-711152-311-169
20-1403-1412303-621-328
30-2104-2113455-932-487
40-2806-2814607-1243-646
50-3507-3515758-1554-805
60-4209-4216910-1864-964
70-4910-49171061-2175-1123
80-5612-56181213-2486-1282
90-6313-63191365-2797-1441
100-7014-70201516-3107-1600

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%4.01.00.080.0%9.01.00.090.0%18.01.00.094.7%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%2.03.00.040.0%5.05.00.050.0%12.07.00.063.2%
Dividend per Share0.00.01.00.0%2.00.01.066.7%4.00.01.080.0%9.00.01.090.0%18.00.01.094.7%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%2.03.00.040.0%6.04.00.060.0%15.04.00.078.9%
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Fundamentals of Solvac

About Solvac S.A.

Solvac S.A. operates as an advanced materials and specialty chemicals company in Belgium. It offers specialty polymers, composite materials, soda ash, peroxides, silica, and coatis. The company was incorporated in 1983 and is headquartered in Brussels, Belgium.

Fundamental data was last updated by Penke on 2024-07-08 00:05:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
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
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 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 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 fair priced.
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1.1. Profitability of Solvac S.A..

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare¬†Solvac to the¬†Chemicals industry mean.
  • A Net Profit Margin of 0.0%¬†means that¬†€0.00 for each €1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Solvac S.A.:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY99.2%-99.2%
TTM-5Y77.6%-77.6%
5Y77.6%10Y85.3%-7.7%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-3.1%-3.1%
TTM-2.7%-2.7%
YOY99.2%5.1%+94.1%
5Y77.6%5.0%+72.6%
10Y85.3%5.3%+80.0%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy¬†but always compare¬†Solvac to the¬†Chemicals industry mean.
  • 4.6% Return on Assets means that¬†Solvac generated¬†€0.05 profit for each $1 in assets.

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

  • The MRQ is 4.6%. Using its assets, the company is less efficient in making profit.
  • The TTM is 4.6%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.6%TTM4.6%0.0%
TTM4.6%YOY15.9%-11.3%
TTM4.6%5Y3.8%+0.8%
5Y3.8%10Y4.6%-0.8%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ4.6%0.6%+4.0%
TTM4.6%0.6%+4.0%
YOY15.9%1.2%+14.7%
5Y3.8%1.1%+2.7%
10Y4.6%1.2%+3.4%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare¬†Solvac to the¬†Chemicals industry mean.
  • 5.0% Return on Equity means Solvac generated €0.05¬†for each¬†€1 the owners (shareholders) invested.

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

  • The MRQ is 5.0%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 5.0%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ5.0%TTM5.0%0.0%
TTM5.0%YOY20.0%-15.0%
TTM5.0%5Y4.6%+0.4%
5Y4.6%10Y5.2%-0.5%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ5.0%1.1%+3.9%
TTM5.0%1.2%+3.8%
YOY20.0%2.1%+17.9%
5Y4.6%2.0%+2.6%
10Y5.2%2.2%+3.0%
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1.2. Operating Efficiency of Solvac S.A..

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Solvac is operating .

  • Measures how much profit Solvac 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¬†Solvac to the¬†Chemicals industry mean.
  • An Operating Margin of 0.0%¬†means the company generated €0.00 ¬†for each €1 in revenue (before taxes).

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

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY99.7%-99.7%
TTM-5Y79.5%-79.5%
5Y79.5%10Y86.4%-6.9%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.0%-6.0%
TTM-1.4%-1.4%
YOY99.7%5.9%+93.8%
5Y79.5%6.8%+72.7%
10Y86.4%5.9%+80.5%
1.2.2. Operating Ratio

Measures how efficient Solvac is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Chemicals industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are €0.00 for each €1 in net sales.

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

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY0.006-0.006
TTM-5Y0.026-0.026
5Y0.02610Y0.0270.000
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.727-1.727
TTM-1.719-1.719
YOY0.0061.653-1.647
5Y0.0261.642-1.616
10Y0.0271.349-1.322
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1.3. Liquidity of Solvac S.A..

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to¬†Chemicals industry mean).
  • A Current Ratio of 0.83¬†means the company has €0.83 in assets for each €1 in short-term debts.

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

  • The MRQ is 0.830. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.830. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.830TTM0.8300.000
TTM0.830YOY0.773+0.057
TTM0.8305Y0.780+0.050
5Y0.78010Y0.801-0.021
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8301.562-0.732
TTM0.8301.595-0.765
YOY0.7731.672-0.899
5Y0.7801.793-1.013
10Y0.8011.389-0.588
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†Solvac to the¬†Chemicals industry mean.
  • A Quick Ratio of 0.06¬†means the company can pay off €0.06 for each €1 in debt (using most liquid assets).

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

  • The MRQ is 0.061. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.061. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.061TTM0.0610.000
TTM0.061YOY-4.424+4.485
TTM0.0615Y-6.844+6.905
5Y-6.84410Y-3.011-3.833
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0610.511-0.450
TTM0.0610.560-0.499
YOY-4.4240.723-5.147
5Y-6.8440.744-7.588
10Y-3.0110.748-3.759
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1.4. Solvency of Solvac S.A..

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare¬†Solvac to Chemicals industry mean.
  • A Debt to Asset Ratio of 0.08¬†means that Solvac assets are¬†financed with 8.0% credit (debt) and the remaining percentage (100% - 8.0%)¬†is financed by its owners/shareholders.¬†

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

  • The MRQ is 0.080. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.080. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.080TTM0.0800.000
TTM0.080YOY0.204-0.124
TTM0.0805Y0.099-0.020
5Y0.09910Y0.079+0.020
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0800.438-0.358
TTM0.0800.429-0.349
YOY0.2040.423-0.219
5Y0.0990.412-0.313
10Y0.0790.411-0.332
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but¬†always compare¬†Solvac to the¬†Chemicals industry mean.
  • A Debt to Equity ratio of 8.6% means that company has €0.09 debt for each €1 in shareholders equity.

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

  • The MRQ is 0.086. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.086. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.086TTM0.0860.000
TTM0.086YOY0.256-0.169
TTM0.0865Y0.114-0.028
5Y0.11410Y0.089+0.025
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0860.845-0.759
TTM0.0860.807-0.721
YOY0.2560.762-0.506
5Y0.1140.751-0.637
10Y0.0890.805-0.716
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2. Market Valuation of Solvac 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 Solvac generates.

  • Above 15 is considered overpriced but¬†always compare¬†Solvac to the¬†Chemicals industry mean.
  • A PE ratio of 20.98 means the investor is paying €20.98¬†for every €1 in earnings.

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

  • The EOD is 17.793. Based on the earnings, the company is fair priced.
  • The MRQ is 20.982. Based on the earnings, the company is fair priced.
  • The TTM is 20.982. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD17.793MRQ20.982-3.189
MRQ20.982TTM20.9820.000
TTM20.982YOY3.634+17.347
TTM20.9825Y20.870+0.112
5Y20.87010Y28.773-7.903
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD17.79313.178+4.615
MRQ20.98213.389+7.593
TTM20.98213.884+7.098
YOY3.63411.906-8.272
5Y20.87015.087+5.783
10Y28.77323.588+5.185
2.2. Price To Free Cash Flow Ratio

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

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY17.271-17.271
TTM-5Y15.652-15.652
5Y15.65210Y20.328-4.675
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ--4.220+4.220
TTM-0.032-0.032
YOY17.2710.809+16.462
5Y15.6521.372+14.280
10Y20.3281.922+18.406
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2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy¬†(always compare to Chemicals industry mean).
  • A PB ratio of 1.05 means the investor is paying €1.05¬†for each €1 in book value.

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

  • The EOD is 0.893. Based on the equity, the company is cheap. +2
  • The MRQ is 1.054. Based on the equity, the company is underpriced. +1
  • The TTM is 1.054. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD0.893MRQ1.054-0.160
MRQ1.054TTM1.0540.000
TTM1.054YOY0.727+0.326
TTM1.0545Y0.872+0.182
5Y0.87210Y0.847+0.025
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD0.8931.211-0.318
MRQ1.0541.339-0.285
TTM1.0541.425-0.371
YOY0.7271.714-0.987
5Y0.8721.693-0.821
10Y0.8472.170-1.323
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Solvac 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---20.214-20.2140%1.965-1129%-8.955-56%0.683-3061%
Book Value Per Share--118.640118.6400%138.854-15%131.508-10%137.394-14%
Current Ratio--0.8300.8300%0.773+7%0.780+6%0.801+4%
Debt To Asset Ratio--0.0800.0800%0.204-61%0.099-20%0.079+0%
Debt To Equity Ratio--0.0860.0860%0.256-66%0.114-24%0.089-3%
Dividend Per Share----0%5.567-100%4.370-100%4.388-100%
Eps--5.9585.9580%27.789-79%6.871-13%7.782-23%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Market Cap2265750000.000-18%2671879125.0002671879125.0000%2158878333.000+24%2421791238.900+10%2433439908.690+10%
Net Profit Margin----0%0.992-100%0.776-100%0.853-100%
Operating Margin----0%0.997-100%0.795-100%0.864-100%
Operating Ratio----0%0.006-100%0.026-100%0.027-100%
Pb Ratio0.893-18%1.0541.0540%0.727+45%0.872+21%0.847+24%
Pe Ratio17.793-18%20.98220.9820%3.634+477%20.870+1%28.773-27%
Price Per Share106.000-18%125.000125.0000%101.000+24%113.300+10%113.845+10%
Price To Free Cash Flow Ratio----0%17.271-100%15.652-100%20.328-100%
Price To Total Gains Ratio-5.244+15%-6.184-6.1840%13.409-146%-1.076-83%1.322-568%
Quick Ratio--0.0610.0610%-4.424+7335%-6.844+11292%-3.011+5024%
Return On Assets--0.0460.0460%0.159-71%0.038+22%0.046+1%
Return On Equity--0.0500.0500%0.200-75%0.046+8%0.052-3%
Total Gains Per Share---20.214-20.2140%7.532-368%-4.585-77%5.071-499%
Usd Book Value--2749957070.0002749957070.0000%3218499200.000-15%3048232134.000-10%3184657787.000-14%
Usd Book Value Change Per Share---21.920-21.9200%2.131-1129%-9.711-56%0.740-3061%
Usd Book Value Per Share--128.653128.6530%150.573-15%142.607-10%148.990-14%
Usd Dividend Per Share----0%6.037-100%4.738-100%4.759-100%
Usd Eps--6.4606.4600%30.135-79%7.451-13%8.438-23%
Usd Free Cash Flow----0%135550000.000-100%104753040.000-100%106271200.000-100%
Usd Market Cap2456979300.000-18%2897385723.1502897385723.1500%2341087664.305+24%2626190419.463+10%2638822236.983+10%
Usd Price Per Share114.946-18%135.550135.5500%109.524+24%122.863+10%123.454+10%
Usd Profit--138090749.200138090749.2000%644133600.000-79%158396789.840-13%179939154.920-23%
Usd Revenue----0%649555600.000-100%136634400.000-100%172094280.000-100%
Usd Total Gains Per Share---21.920-21.9200%8.168-368%-4.973-77%5.499-499%
 EOD+4 -3MRQTTM+0 -0YOY+9 -225Y+11 -2010Y+10 -21

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1517.793
Price to Book Ratio (EOD)Between0-10.893
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.061
Current Ratio (MRQ)Greater than10.830
Debt to Asset Ratio (MRQ)Less than10.080
Debt to Equity Ratio (MRQ)Less than10.086
Return on Equity (MRQ)Greater than0.150.050
Return on Assets (MRQ)Greater than0.050.046
Total3/10 (30.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5038.734
Ma 20Greater thanMa 50107.925
Ma 50Greater thanMa 100110.510
Ma 100Greater thanMa 200109.190
OpenGreater thanClose106.500
Total2/5 (40.0%)



Latest Balance Sheet

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

Summary
Total Assets2,754,949
Total Liabilities219,024
Total Stockholder Equity2,535,925
 As reported
Total Liabilities 219,024
Total Stockholder Equity+ 2,535,925
Total Assets = 2,754,949

Assets

Total Assets2,754,949
Total Current Assets57,270
Long-term Assets2,697,679
Total Current Assets
Cash And Cash Equivalents 4,221
Total Current Assets  (as reported)57,270
Total Current Assets  (calculated)4,221
+/- 53,049
Long-term Assets
Property Plant Equipment 10
Intangible Assets 1
Long-term Assets Other 2,697,668
Long-term Assets  (as reported)2,697,679
Long-term Assets  (calculated)2,697,679
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities69,025
Long-term Liabilities149,999
Total Stockholder Equity2,535,925
Total Current Liabilities
Short-term Debt 48,600
Short Long Term Debt 48,600
Accounts payable 1,633
Other Current Liabilities 2,364
Total Current Liabilities  (as reported)69,025
Total Current Liabilities  (calculated)101,197
+/- 32,172
Long-term Liabilities
Long term Debt 150,000
Long-term Liabilities Other -1
Long-term Liabilities  (as reported)149,999
Long-term Liabilities  (calculated)149,999
+/-0
Total Stockholder Equity
Common Stock192,787
Retained Earnings 1,391,628
Other Stockholders Equity 951,510
Total Stockholder Equity (as reported)2,535,925
Total Stockholder Equity (calculated)2,535,925
+/-0
Other
Capital Stock192,787
Cash and Short Term Investments 4,221
Common Stock Shares Outstanding 21,375
Current Deferred Revenue16,428
Liabilities and Stockholders Equity 2,754,949
Net Debt 194,379
Net Invested Capital 2,734,525
Net Working Capital -11,755
Property Plant and Equipment Gross 10
Short Long Term Debt Total 198,600



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-31
> Total Assets 
1,195,000
1,666,000
1,707,000
1,757,000
1,844,000
2,393,000
2,308,000
2,268,000
2,551,000
2,400,000
3,312,000
3,444,000
3,421,000
3,703,000
3,383,000
2,668,000
3,143,000
3,727,000
2,754,949
2,754,9493,727,0003,143,0002,668,0003,383,0003,703,0003,421,0003,444,0003,312,0002,400,0002,551,0002,268,0002,308,0002,393,0001,844,0001,757,0001,707,0001,666,0001,195,000
   > Total Current Assets 
21,000
32,000
34,000
39,000
31,000
31,000
31,000
31,000
35,000
35,000
54,000
44,000
45,000
48,000
49,000
49,000
49,000
51,000
57,270
57,27051,00049,00049,00049,00048,00045,00044,00054,00035,00035,00031,00031,00031,00031,00039,00034,00032,00021,000
       Cash And Cash Equivalents 
0
3,000
0
0
0
0
0
0
1,000
1,000
2,000
1,000
0
1,000
0
0
0
1,000
4,221
4,2211,0000001,00001,0002,0001,0001,0000000003,0000
       Net Receivables 
0
0
0
0
0
0
0
0
34,000
34,000
52,000
43,000
45,000
47,000
49,000
49,000
49,000
50,000
0
050,00049,00049,00049,00047,00045,00043,00052,00034,00034,00000000000
       Other Current Assets 
21,000
29,000
34,000
39,000
31,000
31,000
31,000
31,000
34,000
34,000
52,000
43,000
45,000
47,000
49,000
49,000
49,000
-51,000
0
0-51,00049,00049,00049,00047,00045,00043,00052,00034,00034,00031,00031,00031,00031,00039,00034,00029,00021,000
   > Long-term Assets 
1,174,000
1,634,000
1,673,000
1,718,000
1,813,000
2,362,000
2,277,000
2,237,000
2,516,000
2,365,000
3,258,000
3,400,000
3,376,000
3,655,000
3,334,000
2,619,000
3,094,000
3,676,000
2,697,679
2,697,6793,676,0003,094,0002,619,0003,334,0003,655,0003,376,0003,400,0003,258,0002,365,0002,516,0002,237,0002,277,0002,362,0001,813,0001,718,0001,673,0001,634,0001,174,000
       Property Plant Equipment 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11
10
101100000000000000000
       Goodwill 
0
0
0
341,000
341,000
0
341,000
342,000
342,000
342,000
342,000
343,000
343,000
343,000
343,000
343,000
343,000
343,000
0
0343,000343,000343,000343,000343,000343,000343,000342,000342,000342,000342,000341,0000341,000341,000000
       Long Term Investments 
0
0
0
0
0
0
0
0
2,516,000
2,365,000
3,258,000
3,400,000
3,376,000
3,655,000
3,334,000
0
0
0
0
00003,334,0003,655,0003,376,0003,400,0003,258,0002,365,0002,516,00000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
342,000
343,000
343,000
0
0
0
0
6
1
160000343,000343,000342,0000000000000
       Long-term Assets Other 
1,043,000
1,293,000
1,332,000
1,377,000
1,472,000
2,020,000
1,936,000
1,895,000
2,174,000
2,023,000
2,916,000
3,057,000
3,033,000
3,312,000
2,991,000
2,276,000
2,751,000
-343,000
2,697,668
2,697,668-343,0002,751,0002,276,0002,991,0003,312,0003,033,0003,057,0002,916,0002,023,0002,174,0001,895,0001,936,0002,020,0001,472,0001,377,0001,332,0001,293,0001,043,000
> Total Liabilities 
92,000
174,000
173,000
174,000
166,000
166,000
165,000
165,000
161,000
159,000
181,000
209,000
208,000
210,000
208,000
218,000
217,000
759,000
219,024
219,024759,000217,000218,000208,000210,000208,000209,000181,000159,000161,000165,000165,000166,000166,000174,000173,000174,00092,000
   > Total Current Liabilities 
42,000
64,000
63,000
64,000
56,000
56,000
55,000
55,000
52,000
49,000
71,000
49,000
48,000
60,000
58,000
68,000
67,000
66,000
69,025
69,02566,00067,00068,00058,00060,00048,00049,00071,00049,00052,00055,00055,00056,00056,00064,00063,00064,00042,000
       Short-term Debt 
0
0
0
0
4,000
0
47,000
46,000
41,000
39,000
59,000
33,000
31,000
42,000
40,000
51,000
50,000
48,000
48,600
48,60048,00050,00051,00040,00042,00031,00033,00059,00039,00041,00046,00047,00004,0000000
       Short Long Term Debt 
0
0
0
0
0
0
47,000
46,000
41,000
39,000
59,000
33,000
31,000
42,000
40,000
51,000
50,000
48,000
48,600
48,60048,00050,00051,00040,00042,00031,00033,00059,00039,00041,00046,00047,000000000
       Accounts payable 
0
0
0
60,000
52,000
0
0
3,000
3,000
3,000
12,000
4,000
4,000
4,000
0
0
0
79
1,633
1,633790004,0004,0004,00012,0003,0003,0003,0000052,00060,000000
       Other Current Liabilities 
42,000
64,000
63,000
4,000
52,000
56,000
8,000
6,000
8,000
7,000
12,000
12,000
13,000
14,000
18,000
68,000
17,000
18,000
2,364
2,36418,00017,00068,00018,00014,00013,00012,00012,0007,0008,0006,0008,00056,00052,0004,00063,00064,00042,000
   > Long-term Liabilities 
50,000
110,000
110,000
110,000
110,000
110,000
110,000
110,000
109,000
110,000
110,000
160,000
160,000
150,000
150,000
150,000
150,000
150,000
149,999
149,999150,000150,000150,000150,000150,000160,000160,000110,000110,000109,000110,000110,000110,000110,000110,000110,000110,00050,000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
835,000
913,000
694,000
693,000
693,000
0
0
00693,000693,000694,000913,000835,000000000000000
> Total Stockholder Equity
1,103,000
1,492,000
1,534,000
1,583,000
1,678,000
2,227,000
2,143,000
2,103,000
2,389,000
2,241,000
3,131,000
3,235,000
3,213,000
3,493,000
3,175,000
2,450,000
2,926,000
2,968,000
2,535,925
2,535,9252,968,0002,926,0002,450,0003,175,0003,493,0003,213,0003,235,0003,131,0002,241,0002,389,0002,103,0002,143,0002,227,0001,678,0001,583,0001,534,0001,492,0001,103,000
   Common Stock
0
0
138,000
138,000
138,000
138,000
138,000
138,000
138,000
138,000
192,000
192,000
192,000
192,000
192,000
192,000
192,000
192,000
192,787
192,787192,000192,000192,000192,000192,000192,000192,000192,000138,000138,000138,000138,000138,000138,000138,000138,00000
   Retained Earnings Total Equity0000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
0
0
0
0
375,000
-255,000
-459,000
-396,000
-379,000
-641,000
-323,000
-183,000
0
0-183,000-323,000-641,000-379,000-396,000-459,000-255,000375,0000000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
568,000
568,000
568,000
568,000
0
0
0
000568,000568,000568,000568,000000000000000
   Treasury Stock0000000000000000000
   Other Stockholders Equity 
1,103,000
1,492,000
1,396,000
1,445,000
1,540,000
2,089,000
2,005,000
-134,000
166,000
90,000
943,000
988,000
784,000
941,000
733,000
470,000
220,000
568,000
951,510
951,510568,000220,000470,000733,000941,000784,000988,000943,00090,000166,000-134,0002,005,0002,089,0001,540,0001,445,0001,396,0001,492,0001,103,000



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.