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Umicore S.A.
Buy, Hold or Sell?

Should you buy, hold or sell Umicore?

I 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.

Let's analyse Umicore

Let's start. 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.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Umicore S.A. even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Umicore S.A. is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Umicore S.A.. The closing price on 2023-02-07 was €33.48 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Umicore S.A. Daily Candlestick Chart
Umicore S.A. Daily Candlestick Chart
Summary









1. Valuation of Umicore




Current price per share

€33.48

2. Growth of Umicore




Is Umicore growing?

Current yearPrevious yearGrowGrow %
How rich?$3.3b$2.8b$585.2m17.2%

How much money is Umicore making?

Current yearPrevious yearGrowGrow %
Making money$664.1m$140m$524m78.9%
Net Profit Margin2.6%0.6%--

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

3. Financial Health of Umicore




Comparing to competitors in the Pollution & Treatment Controls industry




  Industry Rankings (Pollution & Treatment Controls)  



Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is 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.

1.1. Profitability of Umicore S.A..

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Umicore earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Umicore to the Pollution & Treatment Controls industry mean.
  • A Net Profit Margin of 2.6% means that €0.03 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 2.6%. The company is making a profit. +1
  • The TTM is 2.6%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ2.6%TTM2.6%0.0%
TTM2.6%YOY0.6%+1.9%
TTM2.6%5Y1.8%+0.8%
5Y1.8%10Y1.8%+0.0%
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ2.6%2.6%0.0%
TTM2.6%1.5%+1.1%
YOY0.6%1.0%-0.4%
5Y1.8%0.9%+0.9%
10Y1.8%-0.4%+2.2%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Umicore to the Pollution & Treatment Controls industry mean.
  • 6.8% Return on Assets means that Umicore generated €0.07 profit for each $1 in assets.

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

  • The MRQ is 6.8%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 6.8%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ6.8%TTM6.8%0.0%
TTM6.8%YOY1.6%+5.3%
TTM6.8%5Y4.4%+2.5%
5Y4.4%10Y4.5%-0.1%
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ6.8%0.6%+6.2%
TTM6.8%0.4%+6.4%
YOY1.6%0.4%+1.2%
5Y4.4%0.2%+4.2%
10Y4.5%0.1%+4.4%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Umicore to the Pollution & Treatment Controls industry mean.
  • 19.9% Return on Equity means Umicore generated €0.20 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 19.9%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 19.9%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ19.9%TTM19.9%0.0%
TTM19.9%YOY5.1%+14.8%
TTM19.9%5Y12.0%+7.9%
5Y12.0%10Y11.1%+0.9%
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ19.9%1.5%+18.4%
TTM19.9%0.9%+19.0%
YOY5.1%0.9%+4.2%
5Y12.0%0.4%+11.6%
10Y11.1%0.4%+10.7%

1.2. Operating Efficiency of Umicore S.A..

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Umicore is operating .

  • Measures how much profit Umicore 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 to the Pollution & Treatment Controls industry mean.
  • An Operating Margin of 3.6% means the company generated €0.04  for each €1 in revenue (before taxes).

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

  • The MRQ is 3.6%. The company is operating less efficient.
  • The TTM is 3.6%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ3.6%TTM3.6%0.0%
TTM3.6%YOY1.2%+2.4%
TTM3.6%5Y2.7%+0.9%
5Y2.7%10Y2.5%+0.1%
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ3.6%4.4%-0.8%
TTM3.6%0.4%+3.2%
YOY1.2%2.1%-0.9%
5Y2.7%1.1%+1.6%
10Y2.5%0.4%+2.1%
1.2.2. Operating Ratio

Measures how efficient Umicore is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Pollution & Treatment Controls industry mean).
  • An Operation Ratio of 0.96 means that the operating costs are €0.96 for each €1 in net sales.

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

  • The MRQ is 0.962. The company is less efficient in keeping operating costs low.
  • The TTM is 0.962. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.962TTM0.9620.000
TTM0.962YOY0.981-0.019
TTM0.9625Y0.971-0.009
5Y0.97110Y0.972-0.001
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9621.600-0.638
TTM0.9621.613-0.651
YOY0.9811.477-0.496
5Y0.9711.422-0.451
10Y0.9721.164-0.192

1.3. Liquidity of Umicore S.A..

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Pollution & Treatment Controls industry mean).
  • A Current Ratio of 1.71 means the company has €1.71 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 1.708. The company is able to pay all its short-term debts. +1
  • The TTM is 1.708. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.708TTM1.7080.000
TTM1.708YOY1.621+0.087
TTM1.7085Y1.630+0.078
5Y1.63010Y1.517+0.113
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7081.742-0.034
TTM1.7081.736-0.028
YOY1.6211.984-0.363
5Y1.6301.887-0.257
10Y1.5171.713-0.196
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Umicore to the Pollution & Treatment Controls industry mean.
  • A Quick Ratio of 0.90 means the company can pay off €0.90 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 0.901. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.901. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.901TTM0.9010.000
TTM0.901YOY0.877+0.024
TTM0.9015Y0.765+0.136
5Y0.76510Y0.670+0.095
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9010.884+0.017
TTM0.9010.868+0.033
YOY0.8770.931-0.054
5Y0.7650.954-0.189
10Y0.6700.962-0.292

1.4. Solvency of Umicore S.A..

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Umicore to Pollution & Treatment Controls industry mean.
  • A Debt to Asset Ratio of 0.65 means that Umicore assets are financed with 65.0% credit (debt) and the remaining percentage (100% - 65.0%) 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 0.650. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.650. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.650TTM0.6500.000
TTM0.650YOY0.686-0.036
TTM0.6505Y0.631+0.019
5Y0.63110Y0.583+0.048
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6500.450+0.200
TTM0.6500.444+0.206
YOY0.6860.451+0.235
5Y0.6310.453+0.178
10Y0.5830.492+0.091
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Umicore to the Pollution & Treatment Controls industry mean.
  • A Debt to Equity ratio of 188.8% means that company has €1.89 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 1.888. The company is just able to pay all its debts with equity.
  • The TTM is 1.888. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.888TTM1.8880.000
TTM1.888YOY2.236-0.348
TTM1.8885Y1.782+0.106
5Y1.78210Y1.485+0.297
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8880.796+1.092
TTM1.8880.800+1.088
YOY2.2360.741+1.495
5Y1.7820.845+0.937
10Y1.4850.908+0.577

2. Market Valuation of Umicore S.A.

2. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Umicore generates.

  • Above 15 is considered overpriced but always compare Umicore to the Pollution & Treatment Controls industry mean.
  • A PE ratio of 13.96 means the investor is paying €13.96 for every €1 in earnings.

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

  • The EOD is 13.078. Very good. +2
  • The MRQ is 13.964. Very good. +2
  • The TTM is 13.964. Very good. +2
Trends
Current periodCompared to+/- 
EOD13.078MRQ13.964-0.887
MRQ13.964TTM13.9640.000
TTM13.964YOY72.775-58.810
TTM13.9645Y38.892-24.928
5Y38.89210Y48.407-9.514
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
EOD13.07812.739+0.339
MRQ13.9648.733+5.231
TTM13.96421.392-7.428
YOY72.77510.959+61.816
5Y38.892-5.750+44.642
10Y48.407-2.773+51.180
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Umicore.

  • Lower is better.
  • A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

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

  • The MRQ is 2.945. Seems overpriced? -1
  • The TTM is 2.945. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ2.945TTM2.9450.000
TTM2.945YOY160.360-157.415
TTM2.9455Y49.789-46.844
5Y49.78910Y60.125-10.336
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ2.9450.609+2.336
TTM2.9450.050+2.895
YOY160.360-0.032+160.392
5Y49.789-0.183+49.972
10Y60.125-0.133+60.258

2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Pollution & Treatment Controls industry mean).
  • A PB ratio of 2.73 means the investor is paying €2.73 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 2.556. Good. +1
  • The MRQ is 2.729. Good. +1
  • The TTM is 2.729. Good. +1
Trends
Current periodCompared to+/- 
EOD2.556MRQ2.729-0.173
MRQ2.729TTM2.7290.000
TTM2.729YOY3.623-0.894
TTM2.7295Y3.710-0.981
5Y3.71010Y4.563-0.853
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
EOD2.5561.740+0.816
MRQ2.7291.848+0.881
TTM2.7292.203+0.526
YOY3.6232.155+1.468
5Y3.7101.815+1.895
10Y4.5631.633+2.930
2. Total Gains per Share

2.4. Latest News of Umicore S.A.

Does Umicore S.A. still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from Umicore S.A. to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2023-02-02
10:30
Umicore signs long-term agreement with Terrafame for the supply of sustainable low carbon nickelRead
2023-01-30
10:30
Advanced notice of Umicore’s 2022 Full Year ResultsRead

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--2.2562.2560%-0.153+107%1.081+109%0.593+280%
Book Value Growth--1.2081.2080%0.985+23%1.126+7%1.070+13%
Book Value Per Share--13.10013.1000%10.844+21%10.741+22%9.082+44%
Book Value Per Share Growth--1.2081.2080%0.986+23%1.124+7%1.069+13%
Current Ratio--1.7081.7080%1.621+5%1.630+5%1.517+13%
Debt To Asset Ratio--0.6500.6500%0.686-5%0.631+3%0.583+12%
Debt To Equity Ratio--1.8881.8880%2.236-16%1.782+6%1.485+27%
Dividend Per Share--0.7470.7470%0.249+200%0.624+20%0.557+34%
Dividend Per Share Growth--3.0023.0020%0.323+830%1.327+126%1.204+149%
Eps--2.5602.5600%0.540+374%1.297+97%1.016+152%
Eps Growth--4.7424.7420%0.454+945%1.842+157%1.341+254%
Free Cash Flow Per Share--3.4833.4830%0.384+808%0.063+5427%0.320+988%
Free Cash Flow Per Share Growth--9.0769.0760%2.854+218%2.217+309%1.645+452%
Free Cash Flow To Equity Per Share--0.9920.9920%3.023-67%1.215-18%0.596+66%
Free Cash Flow To Equity Per Share Growth--0.3280.3280%5.175-94%6.251-95%4.824-93%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--120.633--------
Intrinsic Value_10Y_min--32.556--------
Intrinsic Value_1Y_max--5.350--------
Intrinsic Value_1Y_min--1.692--------
Intrinsic Value_3Y_max--21.211--------
Intrinsic Value_3Y_min--6.473--------
Intrinsic Value_5Y_max--43.262--------
Intrinsic Value_5Y_min--12.742--------
Net Profit Margin--0.0260.0260%0.006+308%0.018+44%0.018+47%
Operating Margin--0.0360.0360%0.012+193%0.027+35%0.025+42%
Operating Ratio--0.9620.9620%0.981-2%0.971-1%0.972-1%
Pb Ratio2.556-7%2.7292.7290%3.623-25%3.710-26%4.563-40%
Pe Ratio13.078-7%13.96413.9640%72.775-81%38.892-64%48.407-71%
Peg Ratio--2.9452.9450%160.360-98%49.789-94%60.125-95%
Price Per Share33.480-7%35.75035.7500%39.290-9%38.543-7%39.448-9%
Price To Total Gains Ratio11.150-7%11.90611.9060%411.771-97%109.293-89%106.423-89%
Profit Growth--4.7424.7420%0.454+945%1.844+157%1.342+253%
Quick Ratio--0.9010.9010%0.877+3%0.765+18%0.670+35%
Return On Assets--0.0680.0680%0.016+337%0.044+56%0.045+52%
Return On Equity--0.1990.1990%0.051+290%0.120+66%0.111+79%
Revenue Growth--1.1611.1610%1.184-2%1.183-2%1.064+9%
Total Gains Per Share--3.0033.0030%0.095+3047%1.704+76%1.150+161%
Total Gains Per Share Growth--31.46831.4680%0.125+25125%7.675+310%4.646+577%
Usd Book Value--3398485002.0003398485002.0000%2813251488.000+21%2783698278.200+22%2348147620.400+45%
Usd Book Value Change Per Share--2.4212.4210%-0.165+107%1.160+109%0.636+280%
Usd Book Value Per Share--14.05714.0570%11.636+21%11.525+22%9.745+44%
Usd Dividend Per Share--0.8010.8010%0.267+200%0.669+20%0.598+34%
Usd Eps--2.7472.7470%0.579+374%1.391+97%1.090+152%
Usd Free Cash Flow--903631242.000903631242.0000%99558305.000+808%16709185.200+5308%82749545.400+992%
Usd Free Cash Flow Per Share--3.7383.7380%0.412+808%0.068+5427%0.344+988%
Usd Free Cash Flow To Equity Per Share--1.0641.0640%3.244-67%1.303-18%0.639+66%
Usd Price Per Share35.924-7%38.36038.3600%42.158-9%41.357-7%42.328-9%
Usd Profit--664143007.000664143007.0000%140058690.000+374%336108022.200+98%262802593.600+153%
Usd Revenue--25810413047.00025810413047.0000%22221954468.000+16%18866266285.600+37%14941593993.900+73%
Usd Total Gains Per Share--3.2223.2220%0.102+3047%1.829+76%1.234+161%
 EOD+3 -2MRQTTM+0 -0YOY+36 -65Y+34 -810Y+37 -5

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)Between0-1513.078
Price to Book Ratio (EOD)Between0-12.556
Net Profit Margin (MRQ)Greater than00.026
Operating Margin (MRQ)Greater than00.036
Quick Ratio (MRQ)Greater than10.901
Current Ratio (MRQ)Greater than11.708
Debt to Asset Ratio (MRQ)Less than10.650
Debt to Equity Ratio (MRQ)Less than11.888
Return on Equity (MRQ)Greater than0.150.199
Return on Assets (MRQ)Greater than0.050.068
Total7/10 (70.0%)

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
OpenGreater thanClose33.660
Total1/1 (100.0%)



Reversals in quarterly reports

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

 2017-12-312018-12-312019-12-312020-12-312021-12-31
Minority Interest  59,603-9,67649,92717,07166,998-2,32464,674-72,664-7,990



Latest Balance Sheet

Balance Sheet of 2021-12-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets9,045,241
Total Liabilities5,877,967
Total Stockholder Equity3,112,882
 As reported
Total Liabilities 5,877,967
Total Stockholder Equity+ 3,112,882
Total Assets = 9,045,241

Assets

Total Assets9,045,241
Total Current Assets5,942,471
Long-term Assets5,942,471
Total Current Assets
Cash And Cash Equivalents 1,194,437
Short-term Investments 273,008
Net Receivables 1,667,678
Inventory 2,857,011
Total Current Assets  (as reported)5,942,471
Total Current Assets  (calculated)5,992,134
+/- 49,663
Long-term Assets
Property Plant Equipment 2,351,133
Goodwill 158,585
Intangible Assets 181,263
Long-term Assets Other 192,540
Long-term Assets  (as reported)3,102,769
Long-term Assets  (calculated)2,883,521
+/- 219,248

Liabilities & Shareholders' Equity

Total Current Liabilities3,479,568
Long-term Liabilities2,398,399
Total Stockholder Equity3,112,882
Total Current Liabilities
Short-term Debt 430,848
Short Long Term Debt 430,848
Accounts payable 2,196,225
Other Current Liabilities 622,122
Total Current Liabilities  (as reported)3,479,568
Total Current Liabilities  (calculated)3,680,043
+/- 200,475
Long-term Liabilities
Long term Debt Total 1,724,037
Other Liabilities 674,363
Deferred Long Term Liability 36,006
Long-term Liabilities  (as reported)2,398,399
Long-term Liabilities  (calculated)2,434,406
+/- 36,007
Total Stockholder Equity
Common Stock1,384,273
Retained Earnings 2,151,292
Treasury Stock-226,313
Total Stockholder Equity (as reported)3,112,882
Total Stockholder Equity (calculated)3,309,252
+/- 196,370
Other
Capital Stock1,384,273
Cash and Short Term Investments 1,194,437
Common Stock Shares Outstanding 241,773
Liabilities and Stockholders Equity 8,990,849
Net Debt 966,988
Net Invested Capital 5,211,415
Net Tangible Assets 2,809,040
Net Working Capital 2,462,903
Short Long Term Debt Total 2,161,425



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-31
> Total Assets 
101,339,000
2,542,449
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
3,667,899
3,512,297
3,851,368
4,030,075
4,145,751
5,115,661
6,053,310
7,023,390
8,340,893
9,045,241
9,045,2418,340,8937,023,3906,053,3105,115,6614,145,7514,030,0753,851,3683,512,2973,667,8993,713,1603,511,5982,826,6933,024,9273,285,3233,775,9492,936,9263,533,3353,108,6622,260,0022,542,449101,339,000
   > Total Current Assets 
0
0
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
5,942,4715,445,2004,213,1603,807,0933,169,9862,418,3392,415,8722,140,8651,961,0762,189,7322,294,6492,139,7011,583,1421,894,4832,145,5702,420,7421,748,5262,423,9781,696,1841,152,92400
       Cash And Cash Equivalents 
2,472,000
68,596
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
1,194,4371,010,307271,724285,079168,11584,46074,48689,79199,245131,427103,981124,717185,332254,947218,914174,617106,143113,395129,093106,03168,5962,472,000
       Short-term Investments 
6,523,000
39,528
50,256
85,509
114,383
406
328
64
45
89
37
10
3
16,111
12,236
9,871
37,306
57,797
36,028
25,531
373,909
273,008
273,008373,90925,53136,02857,79737,3069,87112,23616,11131037894564328406114,38385,50950,25639,5286,523,000
       Net Receivables 
14,530,000
376,470
341,980
595,098
707,889
715,238
1,081,473
845,724
585,030
519,377
789,906
825,241
772,583
719,130
833,093
754,353
816,811
1,246,944
1,160,081
1,374,587
1,561,294
1,667,678
1,667,6781,561,2941,374,5871,160,0811,246,944816,811754,353833,093719,130772,583825,241789,906519,377585,030845,7241,081,473715,238707,889595,098341,980376,47014,530,000
       Other Current Assets 
5,673,000
136,649
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
1,724,024
1,891,023
1,891,0231,724,0241,485,2801,185,8761,330,6741,113,4321,279,795858,401741,326834,241885,658831,913538,228741,002957,9241,093,5251,642,3831,398,560661,533396,564136,6495,673,000
   > Long-term Assets 
0
0
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
3,102,7692,895,6942,810,2282,246,2151,945,6751,727,4091,614,2041,710,5031,551,2281,478,1681,418,5111,371,8971,243,5511,130,4441,139,7531,355,2071,188,4001,109,3571,412,4781,107,07800
       Property Plant Equipment 
28,243,000
773,790
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
2,351,1332,163,6612,094,6721,601,8921,301,4111,070,4031,022,5911,061,735998,563912,268864,336804,510763,790709,194622,685716,386712,796704,293950,770774,515773,79028,243,000
       Goodwill 
3,403,000
93,997
36,757
91,320
91,243
92,781
92,377
94,510
92,660
93,044
97,489
98,229
99,348
108,475
140,336
131,860
132,592
142,685
142,491
156,705
155,990
158,585
158,585155,990156,705142,491142,685132,592131,860140,336108,47599,34898,22997,48993,04492,66094,51092,37792,78191,24391,32036,75793,9973,403,000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
222,574
259,105
219,038
221,746
175,339
159,400
161,500
0
0
00161,500159,400175,339221,746219,038259,105222,5740000000000000
       Intangible Assets 
3,796,000
104,464
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
181,263190,898214,154194,814186,123172,748119,930125,737109,776101,554183,303169,497138,957123,076112,267110,734116,41727,85128,68715,754104,4643,796,000
       Other Assets 
0
0
0
82,321
109,973
4,125,326
265,967
188,771
100,466
116,910
143,756
142,331
159,198
160,685
167,668
523,656
3,454,821
183,005
2
2
275,474
1
1275,47422183,0053,454,821523,656167,668160,685159,198142,331143,756116,910100,466188,771265,9674,125,326109,97382,321000
> Total Liabilities 
54,951,000
1,400,702
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
5,877,9675,719,0374,362,9263,393,9743,253,0242,297,7062,245,1052,101,2351,788,8691,862,0941,991,4521,936,3561,459,9661,692,5741,752,1262,787,8071,921,5042,250,6331,916,7031,170,9001,400,70254,951,000
   > Total Current Liabilities 
35,222,000
976,188
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
3,479,5683,359,1362,676,1222,208,5912,084,2711,806,4221,754,8621,607,2781,349,8151,439,6461,599,9451,384,528943,821953,2731,235,4961,974,1931,267,9971,442,3931,453,778790,842976,18835,222,000
       Short-term Debt 
0
0
222,005
736,706
290,786
0
0
0
165,841
186,103
0
346,654
351,047
287,839
365,513
338,871
400,787
313,867
436,760
564,061
719,178
430,848
430,848719,178564,061436,760313,867400,787338,871365,513287,839351,047346,6540186,103165,841000290,786736,706222,00500
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
314,235
4,528
139
400,787
313,867
436,760
564,061
719,200
430,848
430,848719,200564,061436,760313,867400,7871394,528314,2350000000000000
       Accounts payable 
12,121,000
280,709
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
2,196,2251,896,0991,466,1401,102,3831,209,684843,498737,505855,877710,729728,3111,148,4501,022,423676,493671,708864,8161,279,896842,562338,338657,418543,121280,70912,121,000
       Other Current Liabilities 
14,689,000
441,254
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
488,248
544,808
622,122
622,122544,808488,248557,943560,720562,137678,486385,888351,247360,288104,841362,10581,225115,724370,680694,297425,435813,26959,65425,716441,25414,689,000
   > Long-term Liabilities 
0
0
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
2,398,3992,359,9011,686,8041,185,3831,168,753491,284490,243493,957439,054422,448391,507551,828516,145739,301516,630813,614653,507808,240462,925380,05800
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
71,298
24,394
694,104
708,846
1,151,083
1,705,154
1,724,037
1,724,0371,705,1541,151,083708,846694,10424,39471,298000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-6
0
0
2
1
-1
-11200-60000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
53,816
45,291
40,632
44,621
42,887
47,353
53,766
38,519
36,006
36,00638,51953,76647,35342,88744,62140,63245,29153,8160000000000000
> Total Stockholder Equity
44,387,000
1,073,459
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
3,112,8822,557,1822,593,4672,609,4081,803,0331,789,5981,732,3921,704,5511,677,1411,751,6641,667,5291,516,9611,314,1911,290,6831,491,227939,037926,7701,229,1511,129,3651,024,3051,073,45944,387,000
   Common Stock
15,529,000
500,000
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
1,384,2731,384,2731,384,2731,384,273502,862502,862502,862502,862502,862502,862502,862502,862502,862502,862469,421463,866389,350381,941562,393500,000500,00015,529,000
   Retained Earnings Total Equity0000000000000000000000
   Accumulated Other Comprehensive Income 0000000000000000000000
   Capital Surplus 0000000000000000000000
   Treasury Stock-226,313-208,921-184,701-158,100-81,754-89,616-129,913-130,871-305,661-226,836-252,760-164,602-178,356-177,732-296,963-39,521-28,57800000
   Other Stockholders Equity 
0
0
-27,681
-15,930
249,635
-141,391
-352,332
-406,025
-296,780
-274,707
-220,143
-296,380
-328,856
-473,099
-270,971
-271,760
-273,233
-284,271
-385,747
-469,154
-576,746
-422,683
-422,683-576,746-469,154-385,747-284,271-273,233-271,760-270,971-473,099-328,856-296,380-220,143-274,707-296,780-406,025-352,332-141,391249,635-15,930-27,68100



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.




Income Statement

Currency in EUR. All numbers in thousands.