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Stora Enso Oyj A
Buy, Hold or Sell?

Let's analyze Stora Enso Oyj A together

I guess you are interested in Stora Enso Oyj 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 Stora Enso Oyj 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 Stora Enso Oyj A (30 sec.)










What can you expect buying and holding a share of Stora Enso Oyj A? (30 sec.)

How much money do you get?

How much money do you get?
‚ā¨1.30
When do you have the money?
1 year
How often do you get paid?
75.0%

What is your share worth?

Current worth
‚ā¨13.53
Expected worth in 1 year
‚ā¨12.31
How sure are you?
75.0%

+ What do you gain per year?

Total Gains per Share
‚ā¨-0.02
Return On Investment
-0.2%

For what price can you sell your share?

Current Price per Share
‚ā¨11.95
Expected price per share
‚ā¨11.65 - ‚ā¨12.30
How sure are you?
50%
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1. Valuation of Stora Enso Oyj A (5 min.)




Live pricePrice per Share (EOD)

‚ā¨11.95

Intrinsic Value Per Share

‚ā¨-2.79 - ‚ā¨2.94

Total Value Per Share

‚ā¨10.75 - ‚ā¨16.47

2. Growth of Stora Enso Oyj A (5 min.)




Is Stora Enso Oyj A growing?

Current yearPrevious yearGrowGrow %
How rich?$11.5b$12.9b-$1.1b-9.9%

How much money is Stora Enso Oyj A making?

Current yearPrevious yearGrowGrow %
Making money-$133.3m$393m-$526.4m-394.7%
Net Profit Margin-5.4%12.5%--

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

3. Financial Health of Stora Enso Oyj A (5 min.)




4. Comparing to competitors in the Paper & Paper Products industry (5 min.)




  Industry Rankings (Paper & Paper Products)  


Richest
#2 / 117

Most Revenue
#6 / 117

Most Profit
#116 / 117
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What can you expect buying and holding a share of Stora Enso Oyj A? (5 min.)

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

What can you expect buying and holding a share of Stora Enso Oyj A?

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

Speculation

The Price per Share of Stora Enso Oyj A is ‚ā¨11.95. 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 Stora Enso Oyj 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 Stora Enso Oyj 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 ‚ā¨13.53. Based on the TTM, the Book Value Change Per Share is ‚ā¨-0.31 per quarter. Based on the YOY, the Book Value Change Per Share is ‚ā¨0.30 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¨0.30 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Stora Enso Oyj A.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share
Usd Eps0.121.0%-0.16-1.3%0.504.2%0.262.2%0.242.0%
Usd Book Value Change Per Share-0.30-2.5%-0.33-2.8%0.322.7%0.292.4%0.181.5%
Usd Dividend Per Share0.000.0%0.332.7%0.463.9%0.282.3%0.262.2%
Usd Total Gains Per Share-0.30-2.5%-0.01-0.1%0.796.6%0.564.7%0.453.7%
Usd Price Per Share14.04-13.43-15.32-15.31-13.40-
Price to Earnings Ratio30.04--15.97-9.01-10.01-46.35-
Price-to-Total Gains Ratio-47.50--34.00-5.95-17.90--38.05-
Price to Book Ratio0.96-0.90-0.93-1.20-1.32-
Price-to-Total Gains Ratio-47.50--34.00-5.95-17.90--38.05-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share12.95858
Number of shares77
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.330.28
Usd Book Value Change Per Share-0.330.29
Usd Total Gains Per Share-0.010.56
Gains per Quarter (77 shares)-0.5143.37
Gains per Year (77 shares)-2.05173.49
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1100-102-128688163
2200-204-14171176336
3301-307-16257263509
4401-409-18343351682
5501-511-20428439855
6601-613-225145271028
7701-716-246006151201
8801-818-266857031374
9902-920-287717901547
101002-1022-308578781720

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 Share1.03.00.025.0%9.03.00.075.0%17.03.00.085.0%36.04.00.090.0%79.018.00.081.4%
Book Value Change Per Share1.03.00.025.0%8.04.00.066.7%14.06.00.070.0%26.014.00.065.0%60.034.03.061.9%
Dividend per Share3.00.01.075.0%11.00.01.091.7%16.00.04.080.0%30.00.010.075.0%54.00.043.055.7%
Total Gains per Share1.03.00.025.0%8.04.00.066.7%15.05.00.075.0%30.010.00.075.0%65.029.03.067.0%
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Fundamentals of Stora Enso Oyj A

About Stora Enso Oyj A

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging. Its Packaging Solutions segment develops and sells fiber-based packaging products and services, including converting corrugated boards and carton boards; and new materials, such as formed fiber and wood foams into standard and bespoke packaging solutions for retail, e-commerce, and industrials. The company's Biomaterials segment provides various pulp for packaging, paper, tissue, specialties, and hygiene product producers; and tall oil and turpentine from biomass. Its Wood Products segment offers wood-based solutions, including digital tools for design and construction of building projects with wood; applications for windows and doors; and pellets for sustainable heating solutions. The company's Forest segment engages in sustainable forest management, as well as supplies wood. Its Paper segments offers portfolio of products for print and office use. The company's Other segment produces electricity and heat. It serves packaging manufacturers, brand owners, paper merchants, publishers, retailers, printing houses, converters, and construction companies. The company was incorporated in 1996 and is headquartered in Helsinki, Finland.

Fundamental data was last updated by Penke on 2024-07-23 09:06:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient 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 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 cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.
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1.1. Profitability of Stora Enso Oyj A.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Stora Enso Oyj A earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare¬†Stora Enso Oyj A to the¬†Paper & Paper Products industry mean.
  • A Net Profit Margin of 3.9%¬†means that¬†€0.04 for each €1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Stora Enso Oyj A:

  • The MRQ is 3.9%. The company is making a profit. +1
  • The TTM is -5.4%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ3.9%TTM-5.4%+9.3%
TTM-5.4%YOY12.5%-17.9%
TTM-5.4%5Y7.2%-12.6%
5Y7.2%10Y6.7%+0.5%
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ3.9%3.3%+0.6%
TTM-5.4%3.0%-8.4%
YOY12.5%6.1%+6.4%
5Y7.2%4.3%+2.9%
10Y6.7%4.3%+2.4%
1.1.2. Return on Assets

Shows how efficient Stora Enso Oyj A is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Stora Enso Oyj A to the¬†Paper & Paper Products industry mean.
  • 0.4% Return on Assets means that¬†Stora Enso Oyj A generated¬†€0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Stora Enso Oyj A:

  • The MRQ is 0.4%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is -0.6%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ0.4%TTM-0.6%+1.0%
TTM-0.6%YOY1.8%-2.4%
TTM-0.6%5Y1.1%-1.7%
5Y1.1%10Y1.2%-0.1%
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4%0.5%-0.1%
TTM-0.6%0.5%-1.1%
YOY1.8%1.8%0.0%
5Y1.1%1.1%0.0%
10Y1.2%1.1%+0.1%
1.1.3. Return on Equity

Shows how efficient Stora Enso Oyj A is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Stora Enso Oyj A to the¬†Paper & Paper Products industry mean.
  • 0.8% Return on Equity means Stora Enso Oyj A generated €0.01¬†for each¬†€1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Stora Enso Oyj A:

  • The MRQ is 0.8%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is -1.1%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ0.8%TTM-1.1%+1.9%
TTM-1.1%YOY3.0%-4.1%
TTM-1.1%5Y2.0%-3.1%
5Y2.0%10Y2.3%-0.3%
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8%1.3%-0.5%
TTM-1.1%1.1%-2.2%
YOY3.0%2.8%+0.2%
5Y2.0%1.9%+0.1%
10Y2.3%2.2%+0.1%
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1.2. Operating Efficiency of Stora Enso Oyj A.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Stora Enso Oyj A is operating .

  • Measures how much profit Stora Enso Oyj 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¬†Stora Enso Oyj A to the¬†Paper & Paper Products 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 Stora Enso Oyj A:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-3.0%+3.0%
TTM-3.0%YOY16.1%-19.1%
TTM-3.0%5Y10.4%-13.4%
5Y10.4%10Y9.5%+0.9%
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.6%-7.6%
TTM-3.0%1.5%-4.5%
YOY16.1%7.3%+8.8%
5Y10.4%6.1%+4.3%
10Y9.5%6.2%+3.3%
1.2.2. Operating Ratio

Measures how efficient Stora Enso Oyj A is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Paper & Paper Products industry mean).
  • An Operation Ratio of 1.58 means that the operating costs are €1.58 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Stora Enso Oyj A:

  • The MRQ is 1.579. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.539. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.579TTM1.539+0.040
TTM1.539YOY0.865+0.674
TTM1.5395Y1.010+0.529
5Y1.01010Y0.965+0.044
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5791.575+0.004
TTM1.5391.539+0.000
YOY0.8651.185-0.320
5Y1.0101.219-0.209
10Y0.9651.125-0.160
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1.3. Liquidity of Stora Enso Oyj A.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Stora Enso Oyj A is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Paper & Paper Products industry mean).
  • A Current Ratio of 1.54¬†means the company has €1.54 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Stora Enso Oyj A:

  • The MRQ is 1.540. The company is able to pay all its short-term debts. +1
  • The TTM is 1.564. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.540TTM1.564-0.025
TTM1.564YOY1.381+0.184
TTM1.5645Y1.396+0.169
5Y1.39610Y1.353+0.042
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5401.5400.000
TTM1.5641.577-0.013
YOY1.3811.665-0.284
5Y1.3961.576-0.180
10Y1.3531.373-0.020
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†Stora Enso Oyj A to the¬†Paper & Paper Products industry mean.
  • A Quick Ratio of 0.31¬†means the company can pay off €0.31 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Stora Enso Oyj A:

  • The MRQ is 0.311. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.301. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.311TTM0.301+0.011
TTM0.301YOY0.797-0.496
TTM0.3015Y0.009+0.292
5Y0.00910Y0.221-0.212
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3110.691-0.380
TTM0.3010.636-0.335
YOY0.7970.7970.000
5Y0.0090.765-0.756
10Y0.2210.686-0.465
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1.4. Solvency of Stora Enso Oyj A.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Stora Enso Oyj A assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Stora Enso Oyj A to Paper & Paper Products industry mean.
  • A Debt to Asset Ratio of 0.47¬†means that Stora Enso Oyj A assets are¬†financed with 47.4% credit (debt) and the remaining percentage (100% - 47.4%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Stora Enso Oyj A:

  • The MRQ is 0.474. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.464. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.474TTM0.464+0.011
TTM0.464YOY0.414+0.050
TTM0.4645Y0.472-0.008
5Y0.47210Y0.502-0.030
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4740.474+0.000
TTM0.4640.470-0.006
YOY0.4140.476-0.062
5Y0.4720.478-0.006
10Y0.5020.517-0.015
1.4.2. Debt to Equity Ratio

Measures if Stora Enso Oyj A is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Stora Enso Oyj A to the¬†Paper & Paper Products industry mean.
  • A Debt to Equity ratio of 89.4% means that company has €0.89 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Stora Enso Oyj A:

  • The MRQ is 0.894. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.860. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.894TTM0.860+0.034
TTM0.860YOY0.705+0.155
TTM0.8605Y0.902-0.042
5Y0.90210Y1.040-0.138
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8940.894+0.000
TTM0.8600.888-0.028
YOY0.7050.831-0.126
5Y0.9020.961-0.059
10Y1.0401.153-0.113
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2. Market Valuation of Stora Enso Oyj 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 Stora Enso Oyj A generates.

  • Above 15 is considered overpriced but¬†always compare¬†Stora Enso Oyj A to the¬†Paper & Paper Products industry mean.
  • A PE ratio of 30.04 means the investor is paying €30.04¬†for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Stora Enso Oyj A:

  • The EOD is 27.718. Based on the earnings, the company is overpriced. -1
  • The MRQ is 30.037. Based on the earnings, the company is overpriced. -1
  • The TTM is -15.971. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD27.718MRQ30.037-2.319
MRQ30.037TTM-15.971+46.008
TTM-15.971YOY9.010-24.981
TTM-15.9715Y10.010-25.981
5Y10.01010Y46.349-36.339
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
EOD27.7189.740+17.978
MRQ30.03710.290+19.747
TTM-15.9716.169-22.140
YOY9.0105.512+3.498
5Y10.0108.694+1.316
10Y46.34911.454+34.895
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Stora Enso Oyj A:

  • The EOD is -14.108. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -15.288. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -14.702. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-14.108MRQ-15.288+1.181
MRQ-15.288TTM-14.702-0.587
TTM-14.702YOY0.320-15.022
TTM-14.7025Y-0.516-14.186
5Y-0.51610Y71.542-72.058
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
EOD-14.108-1.170-12.938
MRQ-15.288-0.724-14.564
TTM-14.7022.957-17.659
YOY0.3202.358-2.038
5Y-0.5163.271-3.787
10Y71.5423.171+68.371
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Stora Enso Oyj A is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Paper & Paper Products industry mean).
  • A PB ratio of 0.96 means the investor is paying €0.96¬†for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Stora Enso Oyj A:

  • The EOD is 0.883. Based on the equity, the company is cheap. +2
  • The MRQ is 0.957. Based on the equity, the company is cheap. +2
  • The TTM is 0.896. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.883MRQ0.957-0.074
MRQ0.957TTM0.896+0.061
TTM0.896YOY0.933-0.037
TTM0.8965Y1.204-0.308
5Y1.20410Y1.318-0.114
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
EOD0.8830.952-0.069
MRQ0.9571.000-0.043
TTM0.8960.980-0.084
YOY0.9331.019-0.086
5Y1.2041.111+0.093
10Y1.3181.251+0.067
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Stora Enso Oyj 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---0.273-0.306+12%0.299-191%0.263-204%0.169-262%
Book Value Per Share--13.53413.828-2%15.180-11%12.156+11%9.739+39%
Current Ratio--1.5401.564-2%1.381+12%1.396+10%1.353+14%
Debt To Asset Ratio--0.4740.464+2%0.414+15%0.472+1%0.502-5%
Debt To Equity Ratio--0.8940.860+4%0.705+27%0.902-1%1.040-14%
Dividend Per Share---0.300-100%0.425-100%0.257-100%0.244-100%
Eps--0.108-0.146+235%0.459-77%0.242-55%0.222-51%
Free Cash Flow Per Share---0.212-0.188-11%0.213-199%0.164-229%0.148-243%
Free Cash Flow To Equity Per Share---0.2120.107-298%0.186-214%0.062-442%-0.008-96%
Gross Profit Margin--1.0001.224-18%0.076+1222%-0.037+104%-5.935+694%
Intrinsic Value_10Y_max--2.940--------
Intrinsic Value_10Y_min---2.786--------
Intrinsic Value_1Y_max--0.551--------
Intrinsic Value_1Y_min--0.345--------
Intrinsic Value_3Y_max--1.460--------
Intrinsic Value_3Y_min--0.502--------
Intrinsic Value_5Y_max--2.133--------
Intrinsic Value_5Y_min--0.072--------
Market Cap2101777854.400-386%10212628831.6509772726135.950+5%11151933750.000-8%11143658227.190-8%9753788138.595+5%
Net Profit Margin--0.039-0.054+238%0.125-69%0.072-45%0.067-41%
Operating Margin----0.0300%0.161-100%0.104-100%0.095-100%
Operating Ratio--1.5791.539+3%0.865+83%1.010+56%0.965+64%
Pb Ratio0.883-8%0.9570.896+7%0.933+3%1.204-21%1.318-27%
Pe Ratio27.718-8%30.037-15.971+153%9.010+233%10.010+200%46.349-35%
Price Per Share11.950-8%12.95012.388+5%14.125-8%14.123-8%12.361+5%
Price To Free Cash Flow Ratio-14.108+8%-15.288-14.702-4%0.320-4875%-0.516-97%71.542-121%
Price To Total Gains Ratio-43.833+8%-47.501-34.002-28%5.950-898%17.900-365%-38.048-20%
Quick Ratio--0.3110.301+4%0.797-61%0.009+3407%0.221+41%
Return On Assets--0.004-0.006+244%0.018-76%0.011-61%0.012-64%
Return On Equity--0.008-0.011+241%0.030-74%0.020-60%0.023-66%
Total Gains Per Share---0.273-0.006-98%0.724-138%0.519-152%0.413-166%
Usd Book Value--11573801200.00011829990700.000-2%12996805100.000-11%10402215440.000+11%8333207350.000+39%
Usd Book Value Change Per Share---0.296-0.332+12%0.325-191%0.285-204%0.183-262%
Usd Book Value Per Share--14.67614.995-2%16.462-11%13.182+11%10.561+39%
Usd Dividend Per Share---0.325-100%0.461-100%0.278-100%0.265-100%
Usd Eps--0.117-0.158+235%0.498-77%0.262-55%0.240-51%
Usd Free Cash Flow---181094800.000-161033400.000-11%182450300.000-199%139941820.000-229%126901910.000-243%
Usd Free Cash Flow Per Share---0.230-0.204-11%0.231-199%0.177-229%0.161-243%
Usd Free Cash Flow To Equity Per Share---0.2300.116-298%0.202-214%0.067-442%-0.008-96%
Usd Market Cap2279167905.311-386%11074574705.04110597544221.824+5%12093156958.500-8%12084182981.565-8%10577007857.492+5%
Usd Price Per Share12.959-8%14.04313.433+5%15.317-8%15.314-8%13.405+5%
Usd Profit--92174000.000-133381200.000+245%393095000.000-77%205439580.000-55%187845190.000-51%
Usd Revenue--2346641600.0002396252900.000-2%3145302200.000-25%2677220940.000-12%2711813300.000-13%
Usd Total Gains Per Share---0.296-0.007-98%0.785-138%0.563-152%0.447-166%
 EOD+4 -4MRQTTM+13 -22YOY+4 -325Y+10 -2610Y+14 -22

3.2. Fundamental Score

Let's check the fundamental score of Stora Enso Oyj A based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1527.718
Price to Book Ratio (EOD)Between0-10.883
Net Profit Margin (MRQ)Greater than00.039
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.311
Current Ratio (MRQ)Greater than11.540
Debt to Asset Ratio (MRQ)Less than10.474
Debt to Equity Ratio (MRQ)Less than10.894
Return on Equity (MRQ)Greater than0.150.008
Return on Assets (MRQ)Greater than0.050.004
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Stora Enso Oyj A based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5037.853
Ma 20Greater thanMa 5012.630
Ma 50Greater thanMa 10012.902
Ma 100Greater thanMa 20012.701
OpenGreater thanClose12.800
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets20,305,000
Total Liabilities9,632,000
Total Stockholder Equity10,771,000
 As reported
Total Liabilities 9,632,000
Total Stockholder Equity+ 10,771,000
Total Assets = 20,305,000

Assets

Total Assets20,305,000
Total Current Assets5,638,000
Long-term Assets14,667,000
Total Current Assets
Cash And Cash Equivalents 2,099,000
Net Receivables 1,139,000
Inventory 1,478,000
Total Current Assets  (as reported)5,638,000
Total Current Assets  (calculated)4,716,000
+/- 922,000
Long-term Assets
Property Plant Equipment 7,193,000
Goodwill 505,000
Intangible Assets 461,000
Long-term Assets Other 56,000
Long-term Assets  (as reported)14,667,000
Long-term Assets  (calculated)8,215,000
+/- 6,452,000

Liabilities & Shareholders' Equity

Total Current Liabilities3,662,000
Long-term Liabilities5,970,000
Total Stockholder Equity10,771,000
Total Current Liabilities
Short Long Term Debt 608,000
Accounts payable 2,025,000
Total Current Liabilities  (as reported)3,662,000
Total Current Liabilities  (calculated)2,633,000
+/- 1,029,000
Long-term Liabilities
Long term Debt 4,308,000
Long-term Liabilities Other 10,000
Long-term Liabilities  (as reported)5,970,000
Long-term Liabilities  (calculated)4,318,000
+/- 1,652,000
Total Stockholder Equity
Retained Earnings 7,031,000
Total Stockholder Equity (as reported)10,771,000
Total Stockholder Equity (calculated)7,031,000
+/- 3,740,000
Other
Capital Stock1,342,000
Common Stock Shares Outstanding 788,620
Net Debt 2,817,000
Net Invested Capital 15,687,000
Net Working Capital 1,976,000
Property Plant and Equipment Gross 7,193,000



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-09-302001-06-302001-03-312000-12-312000-09-302000-06-302000-03-31
> Total Assets 
16,333,789
15,812,288
22,473,565
21,381,910
21,486,610
21,441,188
22,403,473
22,895,529
20,697,409
19,618,694
18,039,484
18,230,673
18,709,826
18,368,175
18,447,168
17,942,100
16,664,105
16,518,751
16,593,494
16,411,900
16,963,934
16,797,452
17,853,072
18,095,000
18,050,363
17,652,035
17,356,803
17,440,300
17,551,866
17,509,790
16,798,487
15,310,800
14,790,600
14,879,700
0
12,240,800
0
0
11,314,900
11,593,200
12,069,400
12,296,000
12,625,800
13,036,700
13,235,500
12,969,000
12,948,300
12,999,100
13,133,400
13,060,300
13,654,300
13,693,600
13,817,000
13,150,000
13,298,000
12,754,000
13,478,000
13,010,000
13,235,000
12,847,000
13,253,000
12,459,000
12,000,000
12,361,000
12,161,000
12,071,000
12,171,000
12,326,000
12,384,000
11,590,000
11,470,000
11,770,000
11,823,000
11,773,000
12,364,000
12,849,000
13,608,000
14,742,000
14,432,000
15,053,000
14,459,000
14,972,000
15,053,000
17,431,000
17,121,000
17,609,000
17,922,000
19,026,000
18,901,000
19,675,000
20,880,000
20,922,000
20,288,000
20,078,000
20,226,000
20,754,000
20,305,000
20,305,00020,754,00020,226,00020,078,00020,288,00020,922,00020,880,00019,675,00018,901,00019,026,00017,922,00017,609,00017,121,00017,431,00015,053,00014,972,00014,459,00015,053,00014,432,00014,742,00013,608,00012,849,00012,364,00011,773,00011,823,00011,770,00011,470,00011,590,00012,384,00012,326,00012,171,00012,071,00012,161,00012,361,00012,000,00012,459,00013,253,00012,847,00013,235,00013,010,00013,478,00012,754,00013,298,00013,150,00013,817,00013,693,60013,654,30013,060,30013,133,40012,999,10012,948,30012,969,00013,235,50013,036,70012,625,80012,296,00012,069,40011,593,20011,314,9000012,240,800014,879,70014,790,60015,310,80016,798,48717,509,79017,551,86617,440,30017,356,80317,652,03518,050,36318,095,00017,853,07216,797,45216,963,93416,411,90016,593,49416,518,75116,664,10517,942,10018,447,16818,368,17518,709,82618,230,67318,039,48419,618,69420,697,40922,895,52922,403,47321,441,18821,486,61021,381,91022,473,56515,812,28816,333,789
   > Total Current Assets 
4,352,608
5,303,653
5,433,687
4,957,505
5,098,797
4,856,033
5,260,823
4,878,709
4,497,709
4,528,297
4,234,356
4,973,995
4,731,583
4,415,333
4,315,447
4,492,600
4,501,155
4,260,728
4,289,201
4,320,500
4,555,063
4,298,961
4,873,850
5,077,500
5,300,047
5,124,839
5,076,894
5,095,400
5,370,199
5,286,204
7,074,074
5,288,500
5,220,100
4,668,700
0
3,968,700
0
0
3,752,200
3,758,200
3,946,900
4,118,200
4,477,600
4,494,100
4,781,000
4,594,000
4,703,700
4,609,800
4,802,100
4,752,100
5,192,400
5,311,100
5,430,000
5,257,000
5,442,000
5,224,000
5,357,000
4,726,000
4,774,000
4,415,000
4,522,000
4,008,000
3,671,000
3,564,000
3,424,000
3,291,000
3,485,000
3,627,000
3,749,000
3,259,000
3,154,000
3,336,000
3,623,000
3,580,000
4,025,000
4,248,000
4,497,000
3,908,000
3,576,000
3,590,000
3,444,000
3,671,000
3,867,000
4,155,000
3,962,000
4,135,000
4,223,000
4,509,000
4,281,000
4,868,000
5,504,000
5,801,000
4,756,000
5,134,000
5,050,000
6,054,000
5,638,000
5,638,0006,054,0005,050,0005,134,0004,756,0005,801,0005,504,0004,868,0004,281,0004,509,0004,223,0004,135,0003,962,0004,155,0003,867,0003,671,0003,444,0003,590,0003,576,0003,908,0004,497,0004,248,0004,025,0003,580,0003,623,0003,336,0003,154,0003,259,0003,749,0003,627,0003,485,0003,291,0003,424,0003,564,0003,671,0004,008,0004,522,0004,415,0004,774,0004,726,0005,357,0005,224,0005,442,0005,257,0005,430,0005,311,1005,192,4004,752,1004,802,1004,609,8004,703,7004,594,0004,781,0004,494,1004,477,6004,118,2003,946,9003,758,2003,752,200003,968,70004,668,7005,220,1005,288,5007,074,0745,286,2045,370,1995,095,4005,076,8945,124,8395,300,0475,077,5004,873,8504,298,9614,555,0634,320,5004,289,2014,260,7284,501,1554,492,6004,315,4474,415,3334,731,5834,973,9954,234,3564,528,2974,497,7094,878,7095,260,8234,856,0335,098,7974,957,5055,433,6875,303,6534,352,608
       Cash And Cash Equivalents 
0
1,502,693
863,190
746,464
429,044
427,295
299,121
275,079
103,003
82,064
73,910
168,653
236,749
298,028
194,449
201,500
479,599
207,887
195,868
274,300
293,388
270,450
305,072
351,400
352,723
299,613
301,091
609,000
525,343
318,376
180,150
970,700
205,700
489,300
0
415,800
0
0
548,300
890,400
865,100
857,500
1,121,200
1,110,900
1,115,000
1,025,300
1,183,300
1,138,800
1,251,000
1,248,600
1,707,800
1,849,900
1,743,000
1,809,000
2,097,000
2,065,000
2,018,000
1,553,000
1,523,000
1,446,000
1,321,000
987,000
798,000
808,000
605,000
519,000
781,000
953,000
932,000
499,000
418,000
607,000
687,000
629,000
1,005,000
1,130,000
1,223,000
833,000
713,000
876,000
756,000
1,062,000
1,364,000
1,661,000
1,269,000
1,313,000
1,272,000
1,481,000
983,000
1,358,000
1,624,000
1,917,000
1,257,000
1,973,000
2,077,000
2,464,000
2,099,000
2,099,0002,464,0002,077,0001,973,0001,257,0001,917,0001,624,0001,358,000983,0001,481,0001,272,0001,313,0001,269,0001,661,0001,364,0001,062,000756,000876,000713,000833,0001,223,0001,130,0001,005,000629,000687,000607,000418,000499,000932,000953,000781,000519,000605,000808,000798,000987,0001,321,0001,446,0001,523,0001,553,0002,018,0002,065,0002,097,0001,809,0001,743,0001,849,9001,707,8001,248,6001,251,0001,138,8001,183,3001,025,3001,115,0001,110,9001,121,200857,500865,100890,400548,30000415,8000489,300205,700970,700180,150318,376525,343609,000301,091299,613352,723351,400305,072270,450293,388274,300195,868207,887479,599201,500194,449298,028236,749168,65373,91082,064103,003275,079299,121427,295429,044746,464863,1901,502,6930
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-44,300
0
0
0
-233,100
0
0
0
-127,600
0
0
0
-149,200
0
0
0
-126,500
-215,800
260,200
0
-130,300
0
0
-169,100
-159,600
0
0
-126,900
-126,500
-125,000
-145,100
-130,600
-125,300
-127,500
-209,800
-225,600
-359,500
-368,000
-266,000
-304,000
-484,000
-698,000
-715,000
-758,000
-727,000
-772,000
-748,000
-706,000
-724,000
-704,000
-659,000
-654,000
-535,000
-501,000
-469,000
-512,000
-538,000
-501,000
-504,000
-499,000
-546,000
-529,000
-3,055,000
-3,058,000
-3,721,000
-3,668,000
-3,935,000
-3,913,000
-4,362,000
-4,242,000
-4,295,000
-4,312,000
49,000
0
0
0
0
0
-4,450,000
0
0
0
000-4,450,0000000049,000-4,312,000-4,295,000-4,242,000-4,362,000-3,913,000-3,935,000-3,668,000-3,721,000-3,058,000-3,055,000-529,000-546,000-499,000-504,000-501,000-538,000-512,000-469,000-501,000-535,000-654,000-659,000-704,000-724,000-706,000-748,000-772,000-727,000-758,000-715,000-698,000-484,000-304,000-266,000-368,000-359,500-225,600-209,800-127,500-125,300-130,600-145,100-125,000-126,500-126,90000-159,600-169,10000-130,3000260,200-215,800-126,500000-149,200000-127,600000-233,100000-44,300000000000000000
       Net Receivables 
0
2,502,418
0
2,617,134
0
0
3,165,675
2,821,737
0
0
2,560,189
0
0
0
0
0
0
2,279,162
0
0
2,311,619
0
2,540,564
0
0
0
2,724,207
0
2,718,589
0
2,486,793
0
0
0
0
0
0
0
1,671,000
0
1,699,200
1,864,100
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,657,000
1,502,000
1,614,000
1,595,000
0
1,204,000
1,379,000
1,409,000
1,405,000
1,289,000
1,486,000
1,531,000
1,517,000
1,455,000
28,000
26,000
16,000
1,227,000
1,291,000
1,245,000
1,201,000
1,129,000
1,350,000
1,484,000
1,483,000
1,449,000
1,543,000
1,662,000
1,572,000
1,204,000
1,463,000
1,304,000
1,321,000
866,000
1,139,000
1,139,000866,0001,321,0001,304,0001,463,0001,204,0001,572,0001,662,0001,543,0001,449,0001,483,0001,484,0001,350,0001,129,0001,201,0001,245,0001,291,0001,227,00016,00026,00028,0001,455,0001,517,0001,531,0001,486,0001,289,0001,405,0001,409,0001,379,0001,204,00001,595,0001,614,0001,502,0001,657,000000000000000000000001,864,1001,699,20001,671,00000000002,486,79302,718,58902,724,2070002,540,56402,311,619002,279,1620000002,560,189002,821,7373,165,675002,617,13402,502,4180
       Other Current Assets 
0
1
0
1
0
0
-1
1
0
0
1
3,238,926
2,828,717
2,461,879
2,442,802
2,667,600
2,297,020
-1
2,243,035
2,274,900
-1
2,216,195
-1
2,575,600
2,737,830
2,677,901
-1
2,466,900
1
2,748,094
2,333,552
2,325,200
3,087,100
2,031,000
0
1,859,300
0
0
103,000
1,586,200
49,900
33,300
1,934,100
1,908,600
2,069,300
1,958,900
1,948,900
1,942,300
2,009,900
1,953,500
1,958,700
2,151,500
2,132,000
1,993,000
1,886,000
1,891,000
1,825,000
1,727,000
1,807,000
1,672,000
1,694,000
1,600,000
1,484,000
1,491,000
1,416,000
1,436,000
1,414,000
1,430,000
1,379,000
1,409,000
1,405,000
1,505,000
1,486,000
1,531,000
1,517,000
1,633,000
1,608,000
1,517,000
1,344,000
1,375,000
1,291,000
1,245,000
1,201,000
1,288,000
1,350,000
1,484,000
1,483,000
1,556,000
1,679,000
1,791,000
542,000
933,000
55,000
40,000
19,000
0
0
0019,00040,00055,000933,000542,0001,791,0001,679,0001,556,0001,483,0001,484,0001,350,0001,288,0001,201,0001,245,0001,291,0001,375,0001,344,0001,517,0001,608,0001,633,0001,517,0001,531,0001,486,0001,505,0001,405,0001,409,0001,379,0001,430,0001,414,0001,436,0001,416,0001,491,0001,484,0001,600,0001,694,0001,672,0001,807,0001,727,0001,825,0001,891,0001,886,0001,993,0002,132,0002,151,5001,958,7001,953,5002,009,9001,942,3001,948,9001,958,9002,069,3001,908,6001,934,10033,30049,9001,586,200103,000001,859,30002,031,0003,087,1002,325,2002,333,5522,748,09412,466,900-12,677,9012,737,8302,575,600-12,216,195-12,274,9002,243,035-12,297,0202,667,6002,442,8022,461,8792,828,7173,238,9261001-1001010
   > Long-term Assets 
11,981,181
10,508,635
17,039,878
16,424,405
16,387,813
16,585,155
17,142,650
18,016,820
16,199,700
15,090,398
13,805,128
13,256,678
13,978,243
13,952,842
14,131,721
13,449,500
12,162,949
12,258,023
12,304,293
12,091,400
12,408,870
12,498,491
12,979,221
13,017,500
12,750,317
12,527,196
12,279,909
12,344,900
12,181,667
12,223,586
9,724,413
10,022,300
9,570,500
10,211,000
0
8,272,100
0
0
7,562,700
7,835,000
8,122,500
8,177,800
8,148,200
8,542,600
8,454,500
8,375,000
8,244,600
8,389,300
8,331,300
8,308,200
8,461,900
8,382,500
8,387,000
7,893,000
7,856,000
7,530,000
8,121,000
8,284,000
8,461,000
8,432,000
8,731,000
8,451,000
8,329,000
8,797,000
8,737,000
8,780,000
8,686,000
8,699,000
8,635,000
8,331,000
8,316,000
8,434,000
8,200,000
8,193,000
8,339,000
8,601,000
9,112,000
10,833,000
10,857,000
11,463,000
11,015,000
11,301,000
11,186,000
13,276,000
13,159,000
13,474,000
13,700,000
14,517,000
14,621,000
14,808,000
15,376,000
15,120,000
15,533,000
14,944,000
15,175,000
14,699,000
14,667,000
14,667,00014,699,00015,175,00014,944,00015,533,00015,120,00015,376,00014,808,00014,621,00014,517,00013,700,00013,474,00013,159,00013,276,00011,186,00011,301,00011,015,00011,463,00010,857,00010,833,0009,112,0008,601,0008,339,0008,193,0008,200,0008,434,0008,316,0008,331,0008,635,0008,699,0008,686,0008,780,0008,737,0008,797,0008,329,0008,451,0008,731,0008,432,0008,461,0008,284,0008,121,0007,530,0007,856,0007,893,0008,387,0008,382,5008,461,9008,308,2008,331,3008,389,3008,244,6008,375,0008,454,5008,542,6008,148,2008,177,8008,122,5007,835,0007,562,700008,272,100010,211,0009,570,50010,022,3009,724,41312,223,58612,181,66712,344,90012,279,90912,527,19612,750,31713,017,50012,979,22112,498,49112,408,87012,091,40012,304,29312,258,02312,162,94913,449,50014,131,72113,952,84213,978,24313,256,67813,805,12815,090,39816,199,70018,016,82017,142,65016,585,15516,387,81316,424,40517,039,87810,508,63511,981,181
       Property Plant Equipment 
11,981,181
9,919,218
15,719,028
12,821,043
14,891,162
15,045,755
15,549,263
13,737,941
14,695,104
13,788,354
12,543,860
10,821,879
12,722,997
12,694,056
12,798,057
9,964,500
10,895,738
10,922,893
10,910,222
9,754,800
10,967,919
10,989,360
11,474,541
9,936,800
10,922,032
10,686,889
10,436,799
9,153,600
9,954,531
9,880,361
7,334,847
6,476,700
6,782,800
6,748,700
0
5,413,700
0
0
5,031,000
4,700,200
5,082,300
5,081,500
5,055,900
5,066,900
5,221,100
5,116,800
5,066,400
4,942,500
5,175,000
5,186,700
5,242,700
5,048,700
5,231,000
5,048,000
5,015,000
4,182,000
5,740,000
5,799,000
5,944,000
5,419,000
5,608,000
5,607,000
5,610,000
5,627,000
5,591,000
5,722,000
5,624,000
5,611,000
5,550,000
5,337,000
5,282,000
5,310,000
5,155,000
5,131,000
5,113,000
5,234,000
5,831,000
6,085,000
6,060,000
6,118,000
5,939,000
5,945,000
5,845,000
7,463,000
7,347,000
7,492,000
7,461,000
7,703,000
7,604,000
8,020,000
7,789,000
7,595,000
7,905,000
7,706,000
7,868,000
7,135,000
7,193,000
7,193,0007,135,0007,868,0007,706,0007,905,0007,595,0007,789,0008,020,0007,604,0007,703,0007,461,0007,492,0007,347,0007,463,0005,845,0005,945,0005,939,0006,118,0006,060,0006,085,0005,831,0005,234,0005,113,0005,131,0005,155,0005,310,0005,282,0005,337,0005,550,0005,611,0005,624,0005,722,0005,591,0005,627,0005,610,0005,607,0005,608,0005,419,0005,944,0005,799,0005,740,0004,182,0005,015,0005,048,0005,231,0005,048,7005,242,7005,186,7005,175,0004,942,5005,066,4005,116,8005,221,1005,066,9005,055,9005,081,5005,082,3004,700,2005,031,000005,413,70006,748,7006,782,8006,476,7007,334,8479,880,3619,954,5319,153,60010,436,79910,686,88910,922,0329,936,80011,474,54110,989,36010,967,9199,754,80010,910,22210,922,89310,895,7389,964,50012,798,05712,694,05612,722,99710,821,87912,543,86013,788,35414,695,10413,737,94115,549,26315,045,75514,891,16212,821,04315,719,0289,919,21811,981,181
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
902,600
0
0
0
787,900
0
0
0
961,800
0
0
0
906,800
0
0
0
502,700
0
0
0
207,600
0
0
0
208,300
0
0
0
214,800
0
0
0
224,300
0
0
0
225,900
0
0
0
220,000
0
0
0
242,000
248,000
247,000
247,000
248,000
246,000
247,000
247,000
238,000
237,000
237,000
237,000
237,000
237,000
237,000
238,000
243,000
244,000
322,000
312,000
302,000
295,000
280,000
278,000
281,000
282,000
279,000
280,000
282,000
283,000
283,000
252,000
244,000
557,000
575,000
576,000
505,000
505,000
505,000505,000576,000575,000557,000244,000252,000283,000283,000282,000280,000279,000282,000281,000278,000280,000295,000302,000312,000322,000244,000243,000238,000237,000237,000237,000237,000237,000237,000238,000247,000247,000246,000248,000247,000247,000248,000242,000000220,000000225,900000224,300000214,800000208,300000207,600000502,700000906,800000961,800000787,900000902,600000000000000000
       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
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
1,486,000
1,952,000
2,022,000
1,908,000
0
1,889,000
1,883,000
1,847,000
1,895,000
1,939,000
1,866,000
1,883,000
2,087,000
2,164,000
2,118,000
1,029,000
1,095,000
1,021,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000001,021,0001,095,0001,029,0002,118,0002,164,0002,087,0001,883,0001,866,0001,939,0001,895,0001,847,0001,883,0001,889,00001,908,0002,022,0001,952,0001,486,00000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
2,324,225
179,302
0
0
2,634,527
0
0
0
1,129,821
0
0
0
80,400
0
0
0
108,100
0
0
0
237,800
123,838
118,484
105,292
268,500
102,270
139,290
7,502
164,300
0
0
0
144,500
0
0
39,100
96,700
75,300
60,600
50,700
93,600
100,900
65,500
56,700
100,800
75,400
39,200
39,500
74,200
35,000
15,000
18,000
72,000
47,000
30,000
31,000
184,000
218,000
193,000
186,000
176,000
183,000
167,000
193,000
194,000
207,000
200,000
188,000
241,000
271,000
278,000
276,000
280,000
250,000
214,000
207,000
207,000
241,000
209,000
194,000
170,000
251,000
250,000
266,000
261,000
395,000
330,000
316,000
243,000
566,000
473,000
468,000
392,000
461,000
461,000392,000468,000473,000566,000243,000316,000330,000395,000261,000266,000250,000251,000170,000194,000209,000241,000207,000207,000214,000250,000280,000276,000278,000271,000241,000188,000200,000207,000194,000193,000167,000183,000176,000186,000193,000218,000184,00031,00030,00047,00072,00018,00015,00035,00074,20039,50039,20075,400100,80056,70065,500100,90093,60050,70060,60075,30096,70039,10000144,500000164,3007,502139,290102,270268,500105,292118,484123,838237,800000108,10000080,4000001,129,8210002,634,52700179,3022,324,225000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
794,000
764,000
794,000
784,000
0
278,000
263,000
245,000
256,000
259,000
225,000
215,000
181,000
223,000
-1,000
1,000
-1,000
189,000
229,000
243,000
223,000
238,000
251,000
310,000
-1,000
227,000
-1,000
-1,000
415,000
1,000
-1,000
175,000
290,000
0
0
00290,000175,000-1,0001,000415,000-1,000-1,000227,000-1,000310,000251,000238,000223,000243,000229,000189,000-1,0001,000-1,000223,000181,000215,000225,000259,000256,000245,000263,000278,0000784,000794,000764,000794,00000000000000000000000000000000000000000000000000000000000000000
> Total Liabilities 
10,057,036
9,013,554
13,582,714
12,637,536
12,910,937
12,652,163
12,878,823
12,828,731
11,859,247
10,756,278
10,347,928
10,035,968
10,500,312
10,199,540
10,160,805
9,928,900
8,702,389
8,544,233
8,533,908
8,224,700
9,186,698
9,235,425
10,132,487
10,356,100
10,463,561
10,025,419
9,685,369
9,537,200
9,805,976
9,340,501
9,160,156
7,762,800
7,704,800
7,139,900
0
6,590,300
0
0
6,289,800
6,410,700
6,804,000
6,786,200
6,844,200
6,782,000
6,868,400
6,690,700
6,930,400
7,039,300
7,140,200
7,407,900
7,830,000
7,817,600
7,956,000
7,801,000
7,831,000
7,481,000
8,124,000
7,766,000
7,823,000
7,610,000
7,722,000
7,284,000
6,903,000
6,848,000
6,549,000
6,473,000
6,452,000
6,458,000
6,416,000
5,928,000
5,623,000
5,715,000
5,635,000
5,692,000
5,905,000
6,117,000
7,073,000
8,021,000
7,575,000
7,631,000
7,453,000
7,741,000
7,824,000
8,639,000
8,426,000
8,416,000
8,167,000
8,359,000
8,195,000
8,351,000
8,421,000
8,420,000
8,632,000
9,070,000
9,158,000
9,866,000
9,632,000
9,632,0009,866,0009,158,0009,070,0008,632,0008,420,0008,421,0008,351,0008,195,0008,359,0008,167,0008,416,0008,426,0008,639,0007,824,0007,741,0007,453,0007,631,0007,575,0008,021,0007,073,0006,117,0005,905,0005,692,0005,635,0005,715,0005,623,0005,928,0006,416,0006,458,0006,452,0006,473,0006,549,0006,848,0006,903,0007,284,0007,722,0007,610,0007,823,0007,766,0008,124,0007,481,0007,831,0007,801,0007,956,0007,817,6007,830,0007,407,9007,140,2007,039,3006,930,4006,690,7006,868,4006,782,0006,844,2006,786,2006,804,0006,410,7006,289,800006,590,30007,139,9007,704,8007,762,8009,160,1569,340,5019,805,9769,537,2009,685,36910,025,41910,463,56110,356,10010,132,4879,235,4259,186,6988,224,7008,533,9088,544,2338,702,3899,928,90010,160,80510,199,54010,500,31210,035,96810,347,92810,756,27811,859,24712,828,73112,878,82312,652,16312,910,93712,637,53613,582,7149,013,55410,057,036
   > Total Current Liabilities 
3,837,828
2,584,861
4,404,002
3,813,142
4,311,550
3,918,902
3,693,323
3,727,717
3,861,701
3,248,518
3,075,663
2,738,475
3,390,672
3,246,474
3,206,708
3,660,300
2,855,620
2,834,192
3,050,502
2,724,100
3,796,753
3,204,885
3,597,925
4,084,700
4,011,192
3,664,302
3,446,466
3,398,100
3,762,178
3,657,826
5,141,334
3,192,600
3,341,600
2,849,700
0
2,775,200
0
0
2,949,800
2,619,400
2,806,200
2,808,900
2,758,100
2,569,100
2,628,000
2,529,400
2,736,600
2,786,200
2,626,700
2,649,300
2,463,100
2,517,200
2,619,000
3,111,000
3,037,000
2,964,000
3,112,000
2,588,000
3,010,000
3,127,000
3,193,000
3,019,000
2,679,000
2,715,000
2,584,000
3,006,000
3,061,000
2,989,000
3,284,000
2,796,000
2,754,000
2,963,000
2,915,000
2,892,000
2,996,000
3,146,000
3,095,000
2,891,000
2,778,000
2,919,000
2,937,000
2,554,000
2,809,000
2,896,000
3,010,000
3,054,000
2,902,000
3,165,000
3,318,000
3,538,000
3,698,000
3,932,000
4,022,000
3,281,000
3,355,000
3,674,000
3,662,000
3,662,0003,674,0003,355,0003,281,0004,022,0003,932,0003,698,0003,538,0003,318,0003,165,0002,902,0003,054,0003,010,0002,896,0002,809,0002,554,0002,937,0002,919,0002,778,0002,891,0003,095,0003,146,0002,996,0002,892,0002,915,0002,963,0002,754,0002,796,0003,284,0002,989,0003,061,0003,006,0002,584,0002,715,0002,679,0003,019,0003,193,0003,127,0003,010,0002,588,0003,112,0002,964,0003,037,0003,111,0002,619,0002,517,2002,463,1002,649,3002,626,7002,786,2002,736,6002,529,4002,628,0002,569,1002,758,1002,808,9002,806,2002,619,4002,949,800002,775,20002,849,7003,341,6003,192,6005,141,3343,657,8263,762,1783,398,1003,446,4663,664,3024,011,1924,084,7003,597,9253,204,8853,796,7532,724,1003,050,5022,834,1922,855,6203,660,3003,206,7083,246,4743,390,6722,738,4753,075,6633,248,5183,861,7013,727,7173,693,3233,918,9024,311,5503,813,1424,404,0022,584,8613,837,828
       Short-term Debt 
0
0
0
1,344,516
1,624,623
1,777,331
1,398,361
1,367,045
1,710,905
1,067,032
880,230
650,988
1,274,195
1,237,826
1,171,689
1,769,600
867,412
859,518
152,075
699,500
335,472
368,551
336,638
1,730,000
1,666,665
1,437,120
1,103,968
1,166,500
1,349,797
337,875
1,246,648
1,086,700
710,900
819,900
0
1,068,300
0
0
1,414,400
1,038,300
1,133,800
1,003,800
933,800
752,000
748,400
803,100
1,016,800
1,034,000
863,100
892,800
778,000
601,400
775,000
1,306,000
1,263,000
995,000
1,080,000
664,000
1,099,000
1,184,000
1,137,000
1,278,000
750,000
785,000
783,000
1,141,000
1,199,000
1,062,000
1,342,000
978,000
909,000
934,000
1,001,000
1,047,000
982,000
1,010,000
1,063,000
1,039,000
994,000
938,000
1,043,000
866,000
1,015,000
926,000
986,000
885,000
618,000
584,000
648,000
908,000
1,033,000
1,129,000
1,457,000
1,040,000
580,000
0
0
00580,0001,040,0001,457,0001,129,0001,033,000908,000648,000584,000618,000885,000986,000926,0001,015,000866,0001,043,000938,000994,0001,039,0001,063,0001,010,000982,0001,047,0001,001,000934,000909,000978,0001,342,0001,062,0001,199,0001,141,000783,000785,000750,0001,278,0001,137,0001,184,0001,099,000664,0001,080,000995,0001,263,0001,306,000775,000601,400778,000892,800863,1001,034,0001,016,800803,100748,400752,000933,8001,003,8001,133,8001,038,3001,414,400001,068,3000819,900710,9001,086,7001,246,648337,8751,349,7971,166,5001,103,9681,437,1201,666,6651,730,000336,638368,551335,472699,500152,075859,518867,4121,769,6001,171,6891,237,8261,274,195650,988880,2301,067,0321,710,9051,367,0451,398,3611,777,3311,624,6231,344,516000
       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
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
230,000
248,000
270,000
718,000
0
3,774,000
3,722,000
3,321,000
431,000
378,000
482,000
479,000
502,000
471,000
743,000
685,000
994,000
938,000
1,043,000
866,000
1,015,000
454,000
468,000
416,000
438,000
404,000
466,000
420,000
591,000
462,000
540,000
590,000
624,000
470,000
608,000
608,000470,000624,000590,000540,000462,000591,000420,000466,000404,000438,000416,000468,000454,0001,015,000866,0001,043,000938,000994,000685,000743,000471,000502,000479,000482,000378,000431,0003,321,0003,722,0003,774,0000718,000270,000248,000230,00000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
0
914,729
0
0
0
936,162
0
0
0
824,845
0
0
0
0
0
0
0
0
0
0
0
0
1,960,819
1,867,226
2,006,842
0
2,141,462
0
1,873,923
0
1,665,100
1,955,500
0
0
0
0
0
1,473,000
0
0
0
1,697,100
0
0
0
1,678,700
1,720,800
0
0
1,066,400
1,804,000
1,776,000
1,732,000
1,136,000
1,866,000
1,743,000
1,662,000
1,097,000
1,702,000
1,638,000
1,717,000
1,203,000
1,715,000
1,754,000
1,746,000
1,239,000
1,791,000
1,701,000
1,722,000
1,337,000
1,842,000
1,786,000
1,828,000
1,382,000
1,892,000
1,745,000
1,653,000
1,332,000
1,681,000
1,572,000
1,614,000
1,314,000
1,911,000
2,008,000
2,129,000
1,704,000
2,413,000
2,342,000
2,318,000
1,831,000
2,389,000
2,073,000
2,054,000
1,582,000
2,025,000
2,025,0001,582,0002,054,0002,073,0002,389,0001,831,0002,318,0002,342,0002,413,0001,704,0002,129,0002,008,0001,911,0001,314,0001,614,0001,572,0001,681,0001,332,0001,653,0001,745,0001,892,0001,382,0001,828,0001,786,0001,842,0001,337,0001,722,0001,701,0001,791,0001,239,0001,746,0001,754,0001,715,0001,203,0001,717,0001,638,0001,702,0001,097,0001,662,0001,743,0001,866,0001,136,0001,732,0001,776,0001,804,0001,066,400001,720,8001,678,7000001,697,1000001,473,000000001,955,5001,665,10001,873,92302,141,46202,006,8421,867,2261,960,819000000000000824,845000936,162000914,729000
       Other Current Liabilities 
0
0
0
1,553,896
2,686,927
2,141,571
2,294,961
859,538
2,150,795
2,181,485
2,195,433
777,704
2,116,477
2,008,648
2,035,019
1,890,700
1,988,207
1,974,674
2,898,427
2,024,600
3,461,281
2,836,334
3,261,287
2,354,700
383,708
359,956
335,656
2,231,600
270,919
3,319,951
2,020,763
2,105,900
859,200
74,300
0
1,706,900
0
0
1,535,400
108,100
1,672,400
1,805,100
1,824,300
120,000
1,879,600
1,726,300
1,719,800
73,500
1,720,800
1,756,500
1,685,100
810,300
1,804,000
1,776,000
1,732,000
817,000
1,866,000
1,743,000
1,662,000
796,000
1,702,000
1,638,000
1,717,000
680,000
1,715,000
1,754,000
1,746,000
612,000
1,791,000
1,701,000
1,722,000
610,000
1,842,000
1,786,000
1,828,000
662,000
1,892,000
1,745,000
1,653,000
601,000
1,681,000
1,572,000
1,614,000
26,000
60,000
141,000
124,000
18,000
257,000
288,000
347,000
972,000
176,000
168,000
2,202,000
97,000
0
097,0002,202,000168,000176,000972,000347,000288,000257,00018,000124,000141,00060,00026,0001,614,0001,572,0001,681,000601,0001,653,0001,745,0001,892,000662,0001,828,0001,786,0001,842,000610,0001,722,0001,701,0001,791,000612,0001,746,0001,754,0001,715,000680,0001,717,0001,638,0001,702,000796,0001,662,0001,743,0001,866,000817,0001,732,0001,776,0001,804,000810,3001,685,1001,756,5001,720,80073,5001,719,8001,726,3001,879,600120,0001,824,3001,805,1001,672,400108,1001,535,400001,706,900074,300859,2002,105,9002,020,7633,319,951270,9192,231,600335,656359,956383,7082,354,7003,261,2872,836,3343,461,2812,024,6002,898,4271,974,6741,988,2071,890,7002,035,0192,008,6482,116,477777,7042,195,4332,181,4852,150,795859,5382,294,9612,141,5712,686,9271,553,896000
   > Long-term Liabilities 
6,219,207
6,428,693
9,178,712
8,824,395
8,599,387
8,733,262
9,185,501
9,101,014
7,997,546
7,507,760
7,272,265
7,297,494
7,109,640
6,953,066
6,954,097
6,268,600
5,846,769
5,710,041
5,483,406
5,500,600
5,389,944
6,030,540
6,534,562
6,271,400
6,452,369
6,361,117
6,238,903
6,139,100
6,043,798
5,682,675
4,018,821
4,570,200
4,363,200
4,290,200
0
3,815,100
0
0
3,340,000
3,791,300
3,997,800
3,977,300
4,086,100
4,212,900
4,240,400
4,161,300
4,193,800
4,253,100
4,513,500
4,758,600
5,366,900
5,300,400
5,337,000
4,690,000
4,794,000
4,517,000
5,012,000
5,178,000
4,813,000
4,483,000
4,529,000
4,265,000
4,224,000
4,133,000
3,965,000
3,467,000
3,391,000
3,469,000
3,132,000
3,132,000
2,869,000
2,752,000
2,720,000
2,800,000
2,909,000
2,971,000
3,978,000
5,130,000
4,797,000
4,712,000
4,516,000
5,187,000
5,015,000
5,743,000
5,416,000
5,362,000
5,265,000
5,194,000
4,877,000
4,813,000
4,723,000
4,488,000
4,610,000
5,789,000
5,865,000
6,192,000
5,970,000
5,970,0006,192,0005,865,0005,789,0004,610,0004,488,0004,723,0004,813,0004,877,0005,194,0005,265,0005,362,0005,416,0005,743,0005,015,0005,187,0004,516,0004,712,0004,797,0005,130,0003,978,0002,971,0002,909,0002,800,0002,720,0002,752,0002,869,0003,132,0003,132,0003,469,0003,391,0003,467,0003,965,0004,133,0004,224,0004,265,0004,529,0004,483,0004,813,0005,178,0005,012,0004,517,0004,794,0004,690,0005,337,0005,300,4005,366,9004,758,6004,513,5004,253,1004,193,8004,161,3004,240,4004,212,9004,086,1003,977,3003,997,8003,791,3003,340,000003,815,10004,290,2004,363,2004,570,2004,018,8215,682,6756,043,7986,139,1006,238,9036,361,1176,452,3696,271,4006,534,5626,030,5405,389,9445,500,6005,483,4065,710,0415,846,7696,268,6006,954,0976,953,0667,109,6407,297,4947,272,2657,507,7607,997,5469,101,0149,185,5018,733,2628,599,3878,824,3959,178,7126,428,6936,219,207
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
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
3,010,000
2,792,000
2,864,000
4,088,000
4,182,000
0
0
004,182,0004,088,0002,864,0002,792,0003,010,000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       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
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
690,000
586,000
598,000
573,000
0
814,000
798,000
817,000
777,000
706,000
653,000
637,000
665,000
705,000
684,000
1,304,000
1,289,000
1,482,000
1,370,000
1,573,000
1,548,000
1,921,000
1,794,000
1,840,000
1,800,000
1,881,000
1,795,000
1,774,000
1,713,000
1,694,000
0
0
1,683,000
0
0
001,683,000001,694,0001,713,0001,774,0001,795,0001,881,0001,800,0001,840,0001,794,0001,921,0001,548,0001,573,0001,370,0001,482,0001,289,0001,304,000684,000705,000665,000637,000653,000706,000777,000817,000798,000814,0000573,000598,000586,000690,00000000000000000000000000000000000000000000000000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
304,000
274,000
304,000
292,000
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
0000000000000000000000000000000292,000304,000274,000304,00000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
6,069,586
6,648,574
8,740,766
8,594,559
8,435,293
8,648,824
9,388,904
10,010,891
8,787,610
8,812,499
7,638,320
8,164,277
8,164,538
8,119,828
8,209,222
7,952,900
7,898,995
7,908,086
7,992,597
8,051,100
7,669,077
7,468,118
7,623,090
7,645,300
7,493,848
7,534,951
7,579,728
7,799,600
7,639,722
8,052,297
7,594,719
7,476,100
7,016,600
7,665,000
0
5,594,000
0
0
4,968,100
5,124,300
5,206,600
5,457,100
5,731,300
6,202,900
6,318,100
6,229,200
5,934,500
5,872,700
5,906,700
5,560,900
5,735,000
5,784,500
5,772,000
5,261,000
5,381,000
5,213,000
5,286,000
5,093,000
5,241,000
5,070,000
5,336,000
4,994,000
4,923,000
5,388,000
5,500,000
5,492,000
5,624,000
5,806,000
5,914,000
5,612,000
5,799,000
6,008,000
6,142,000
6,043,000
6,436,000
6,714,000
6,522,000
6,720,000
6,875,000
7,429,000
7,017,000
7,244,000
7,243,000
8,808,000
8,709,000
9,206,000
9,770,000
10,683,000
10,725,000
11,349,000
12,489,000
12,532,000
11,687,000
11,066,000
11,068,000
10,985,000
10,771,000
10,771,00010,985,00011,068,00011,066,00011,687,00012,532,00012,489,00011,349,00010,725,00010,683,0009,770,0009,206,0008,709,0008,808,0007,243,0007,244,0007,017,0007,429,0006,875,0006,720,0006,522,0006,714,0006,436,0006,043,0006,142,0006,008,0005,799,0005,612,0005,914,0005,806,0005,624,0005,492,0005,500,0005,388,0004,923,0004,994,0005,336,0005,070,0005,241,0005,093,0005,286,0005,213,0005,381,0005,261,0005,772,0005,784,5005,735,0005,560,9005,906,7005,872,7005,934,5006,229,2006,318,1006,202,9005,731,3005,457,1005,206,6005,124,3004,968,100005,594,00007,665,0007,016,6007,476,1007,594,7198,052,2977,639,7227,799,6007,579,7287,534,9517,493,8487,645,3007,623,0907,468,1187,669,0778,051,1007,992,5977,908,0867,898,9957,952,9008,209,2228,119,8288,164,5388,164,2777,638,3208,812,4998,787,61010,010,8919,388,9048,648,8248,435,2938,594,5598,740,7666,648,5746,069,586
   Common Stock
0
1,279,809
1,577,195
1,580,669
1,582,599
1,538,301
1,677,903
1,716,741
1,541,963
1,527,070
1,527,743
1,530,983
1,465,069
1,466,288
1,467,960
1,469,300
1,467,959
1,421,841
1,423,068
1,423,300
1,381,573
0
1,380,613
1,382,100
1,341,528
1,343,154
1,340,825
1,342,200
0
0
1,342,574
1,342,200
0
0
0
1,342,200
0
0
0
1,342,200
0
0
0
1,342,200
0
0
1,342,200
1,342,200
1,342,200
0
0
1,342,200
0
0
0
1,342,000
0
0
0
1,342,000
0
0
0
1,342,000
0
0
0
1,342,000
1,342,000
1,342,000
1,342,000
1,342,000
1,342,000
1,342,000
1,342,000
1,342,000
6,522,000
1,419,000
1,419,000
1,342,000
1,342,000
1,342,000
1,342,000
1,342,000
1,342,000
1,342,000
1,342,000
1,342,000
1,342,000
1,342,000
1,342,000
1,342,000
1,342,000
1,342,000
1,342,000
0
0
001,342,0001,342,0001,342,0001,342,0001,342,0001,342,0001,342,0001,342,0001,342,0001,342,0001,342,0001,342,0001,342,0001,342,0001,342,0001,342,0001,419,0001,419,0006,522,0001,342,0001,342,0001,342,0001,342,0001,342,0001,342,0001,342,0001,342,0001,342,0000001,342,0000001,342,0000001,342,0000001,342,200001,342,2001,342,2001,342,200001,342,2000001,342,2000001,342,2000001,342,2001,342,574001,342,2001,340,8251,343,1541,341,5281,382,1001,380,61301,381,5731,423,3001,423,0681,421,8411,467,9591,469,3001,467,9601,466,2881,465,0691,530,9831,527,7431,527,0701,541,9631,716,7411,677,9031,538,3011,582,5991,580,6691,577,1951,279,8090
   Retained Earnings 
4,493,859
4,914,781
5,240,877
5,429,610
5,256,587
5,414,933
6,126,532
5,566,964
5,677,109
5,810,773
4,815,849
5,303,993
5,603,683
5,663,739
5,728,149
5,448,800
5,610,765
5,663,988
5,799,654
5,211,000
5,612,561
5,878,494
5,649,316
5,527,400
5,264,864
5,309,871
5,165,903
4,512,400
0
0
4,657,200
4,749,500
0
0
0
2,768,800
0
0
0
2,079,600
0
0
0
3,205,500
0
0
3,250,100
2,961,200
3,373,800
0
0
3,409,500
0
0
0
3,144,000
0
0
0
2,902,000
0
0
0
3,495,000
0
0
0
3,650,000
3,762,000
3,616,000
3,811,000
4,034,000
4,307,000
4,206,000
4,418,000
4,707,000
4,538,000
4,598,000
4,664,000
5,116,000
5,281,000
5,258,000
5,331,000
5,517,000
5,484,000
5,724,000
6,048,000
6,651,000
6,572,000
6,971,000
7,397,000
7,893,000
7,592,000
7,389,000
7,357,000
7,015,000
7,031,000
7,031,0007,015,0007,357,0007,389,0007,592,0007,893,0007,397,0006,971,0006,572,0006,651,0006,048,0005,724,0005,484,0005,517,0005,331,0005,258,0005,281,0005,116,0004,664,0004,598,0004,538,0004,707,0004,418,0004,206,0004,307,0004,034,0003,811,0003,616,0003,762,0003,650,0000003,495,0000002,902,0000003,144,0000003,409,500003,373,8002,961,2003,250,100003,205,5000002,079,6000002,768,8000004,749,5004,657,200004,512,4005,165,9035,309,8715,264,8645,527,4005,649,3165,878,4945,612,5615,211,0005,799,6545,663,9885,610,7655,448,8005,728,1495,663,7395,603,6835,303,9934,815,8495,810,7735,677,1095,566,9646,126,5325,414,9335,256,5875,429,6105,240,8774,914,7814,493,859
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
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
710,000
710,000
710,000
710,000
710,000
0
0
00710,000710,000710,000710,000710,000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
1,575,728
453,984
1,922,693
1,584,280
1,596,107
1,695,590
1,584,470
2,727,186
1,568,538
1,474,657
1,294,727
1,329,301
1,095,786
989,802
1,013,113
1,034,800
820,271
822,257
769,874
1,416,800
674,943
1,589,624
593,160
735,800
887,456
881,927
1,073,001
1,945,000
7,639,722
8,052,297
1,594,945
1,384,400
7,016,600
7,665,000
0
1,483,000
0
0
4,968,100
1,702,500
5,206,600
5,457,100
5,731,300
1,655,200
6,318,100
6,229,200
1,342,200
1,569,300
1,190,700
5,560,900
5,735,000
1,032,800
5,772,000
5,261,000
5,381,000
727,000
5,286,000
5,093,000
5,241,000
826,000
5,336,000
4,994,000
4,923,000
551,000
5,500,000
5,492,000
5,624,000
814,000
5,914,000
5,612,000
5,799,000
632,000
6,142,000
6,043,000
6,436,000
665,000
565,000
703,000
792,000
971,000
394,000
644,000
570,000
1,949,000
1,883,000
2,140,000
2,380,000
2,690,000
2,811,000
3,036,000
12,489,000
3,297,000
2,753,000
2,335,000
2,291,000
0
0
002,291,0002,335,0002,753,0003,297,00012,489,0003,036,0002,811,0002,690,0002,380,0002,140,0001,883,0001,949,000570,000644,000394,000971,000792,000703,000565,000665,0006,436,0006,043,0006,142,000632,0005,799,0005,612,0005,914,000814,0005,624,0005,492,0005,500,000551,0004,923,0004,994,0005,336,000826,0005,241,0005,093,0005,286,000727,0005,381,0005,261,0005,772,0001,032,8005,735,0005,560,9001,190,7001,569,3001,342,2006,229,2006,318,1001,655,2005,731,3005,457,1005,206,6001,702,5004,968,100001,483,00007,665,0007,016,6001,384,4001,594,9458,052,2977,639,7221,945,0001,073,001881,927887,456735,800593,1601,589,624674,9431,416,800769,874822,257820,2711,034,8001,013,113989,8021,095,7861,329,3011,294,7271,474,6571,568,5382,727,1861,584,4701,695,5901,596,1071,584,2801,922,693453,9841,575,728



Balance Sheet

Currency in EUR. All numbers in thousands.