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Vastned Retail NV
Buy, Hold or Sell?

Let's analyse Vastned together

PenkeI guess you are interested in Vastned Retail NV. 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 Vastned Retail NV. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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

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Quick analysis of Vastned (30 sec.)










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

How much money do you get?

How much money do you get?
‚ā¨1.96
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
‚ā¨43.43
Expected worth in 1 year
‚ā¨40.45
How sure are you?
66.7%

+ What do you gain per year?

Total Gains per Share
‚ā¨-1.15
Return On Investment
-4.9%

For what price can you sell your share?

Current Price per Share
‚ā¨23.60
Expected price per share
‚ā¨20.70 - ‚ā¨25.65
How sure are you?
50%

1. Valuation of Vastned (5 min.)




Live pricePrice per Share (EOD)

‚ā¨23.60

Intrinsic Value Per Share

‚ā¨24.64 - ‚ā¨65.23

Total Value Per Share

‚ā¨68.06 - ‚ā¨108.66

2. Growth of Vastned (5 min.)




Is Vastned growing?

Current yearPrevious yearGrowGrow %
How rich?$796.8m$854.7m-$48.9m-6.1%

How much money is Vastned making?

Current yearPrevious yearGrowGrow %
Making money-$7.7m$12.5m-$20.2m-262.7%
Net Profit Margin-26.6%17.3%--

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

3. Financial Health of Vastned (5 min.)




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

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

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

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

Speculation

The Price per Share of Vastned is ‚ā¨23.60. 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 Vastned.
  • 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 Vastned, 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¨43.43. Based on the TTM, the Book Value Change Per Share is ‚ā¨-0.74 per quarter. Based on the YOY, the Book Value Change Per Share is ‚ā¨0.06 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¨0.46 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Vastned.

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 Eps-0.51-2.2%-0.36-1.5%0.492.1%0.010.0%0.281.2%
Usd Book Value Change Per Share0.000.0%-0.80-3.4%0.060.3%-0.40-1.7%-0.44-1.9%
Usd Dividend Per Share0.301.3%0.492.1%0.482.0%0.512.1%0.502.1%
Usd Total Gains Per Share0.301.3%-0.31-1.3%0.542.3%0.100.4%0.060.3%
Usd Price Per Share21.50-21.44-24.01-24.82-29.64-
Price to Earnings Ratio-10.48--15.57--8.29--3.01-3.85-
Price-to-Total Gains Ratio70.52-14.53-24.55-19.35-15.13-
Price to Book Ratio0.46-0.46-0.48-0.49-0.58-
Price-to-Total Gains Ratio70.52-14.53-24.55-19.35-15.13-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share25.24492
Number of shares39
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.490.51
Usd Book Value Change Per Share-0.80-0.40
Usd Total Gains Per Share-0.310.10
Gains per Quarter (39 shares)-11.974.01
Gains per Year (39 shares)-47.8616.05
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
176-124-5879-636
2153-248-106158-12522
3229-373-154236-18838
4305-497-202315-25154
5382-621-250394-31470
6458-745-298473-37686
7534-869-346552-439102
8611-994-394630-502118
9687-1118-442709-565134
10763-1242-490788-627150

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 Share0.04.00.00.0%4.08.00.033.3%8.012.00.040.0%18.012.00.060.0%28.016.00.063.6%
Book Value Change Per Share0.02.02.00.0%2.04.06.016.7%5.07.08.025.0%12.010.08.040.0%18.015.011.040.9%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%30.00.00.0100.0%44.00.00.0100.0%
Total Gains per Share2.02.00.050.0%8.04.00.066.7%13.07.00.065.0%20.010.00.066.7%31.013.00.070.5%

Fundamentals of Vastned

About Vastned Retail NV

Vastned is a European publicly listed property company (Euronext Amsterdam: VASTN) focusing on the best property in the popular shopping areas of selected European cities with a historic city centre where shopping, living, working and leisure meet. Vastned's property clusters have a strong tenant mix of international and national retailers, food & beverage entrepreneurs, residential tenants, and office tenants. The company's property portfolio had a value of EUR 1,373 million as at December 2023.

Fundamental data was last updated by Penke on 2024-06-16 10:10:06.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge 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 very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable 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 cheap.

1.1. Profitability of Vastned Retail NV.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare¬†Vastned to the¬†REIT - Retail industry mean.
  • A Net Profit Margin of -22.0%¬†means that¬†€-0.22 for each €1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Vastned Retail NV:

  • The MRQ is -22.0%. The company is making a huge loss. -2
  • The TTM is -26.6%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-22.0%TTM-26.6%+4.6%
TTM-26.6%YOY17.3%-43.9%
TTM-26.6%5Y4.6%-31.2%
5Y4.6%10Y28.3%-23.7%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy¬†but always compare¬†Vastned to the¬†REIT - Retail industry mean.
  • -0.6% Return on Assets means that¬†Vastned generated¬†€-0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Vastned Retail NV:

  • The MRQ is -0.6%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -0.5%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-0.6%TTM-0.5%-0.1%
TTM-0.5%YOY0.8%-1.3%
TTM-0.5%5Y0.0%-0.6%
5Y0.0%10Y0.3%-0.3%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare¬†Vastned to the¬†REIT - Retail industry mean.
  • -1.2% Return on Equity means Vastned generated €-0.01¬†for each¬†€1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Vastned Retail NV:

  • The MRQ is -1.2%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -1.1%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-1.2%TTM-1.1%-0.2%
TTM-1.1%YOY1.6%-2.7%
TTM-1.1%5Y0.1%-1.2%
5Y0.1%10Y0.7%-0.6%

1.2. Operating Efficiency of Vastned Retail NV.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Vastned is operating .

  • Measures how much profit Vastned 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¬†Vastned to the¬†REIT - Retail industry mean.
  • An Operating Margin of -9.4%¬†means the company generated €-0.09 ¬†for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Vastned Retail NV:

  • The MRQ is -9.4%. The company is operating very inefficient. -2
  • The TTM is -18.6%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-9.4%TTM-18.6%+9.2%
TTM-18.6%YOY6.4%-25.0%
TTM-18.6%5Y13.3%-31.9%
5Y13.3%10Y35.5%-22.2%
1.2.2. Operating Ratio

Measures how efficient Vastned is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†REIT - Retail industry mean).
  • An Operation Ratio of 0.18 means that the operating costs are €0.18 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Vastned Retail NV:

  • The MRQ is 0.182. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.538. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.182TTM0.538-0.356
TTM0.538YOY0.469+0.069
TTM0.5385Y0.258+0.279
5Y0.25810Y0.265-0.007

1.3. Liquidity of Vastned Retail NV.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to¬†REIT - Retail industry mean).
  • A Current Ratio of 0.14¬†means the company has €0.14 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Vastned Retail NV:

  • The MRQ is 0.143. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.213. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.143TTM0.213-0.070
TTM0.213YOY0.387-0.175
TTM0.2135Y0.374-0.161
5Y0.37410Y0.424-0.051
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†Vastned to the¬†REIT - Retail industry mean.
  • A Quick Ratio of 0.05¬†means the company can pay off €0.05 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Vastned Retail NV:

  • The MRQ is 0.051. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.140. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.051TTM0.140-0.089
TTM0.140YOY0.357-0.217
TTM0.1405Y0.297-0.157
5Y0.29710Y0.222+0.075

1.4. Solvency of Vastned Retail NV.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare¬†Vastned to REIT - Retail industry mean.
  • A Debt to Asset Ratio of 0.47¬†means that Vastned assets are¬†financed with 46.7% credit (debt) and the remaining percentage (100% - 46.7%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Vastned Retail NV:

  • The MRQ is 0.467. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.467. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.467TTM0.467+0.000
TTM0.467YOY0.453+0.015
TTM0.4675Y0.457+0.010
5Y0.45710Y0.446+0.011
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but¬†always compare¬†Vastned to the¬†REIT - Retail industry mean.
  • A Debt to Equity ratio of 98.4% means that company has €0.98 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Vastned Retail NV:

  • The MRQ is 0.984. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.980. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.984TTM0.980+0.003
TTM0.980YOY0.918+0.062
TTM0.9805Y0.935+0.045
5Y0.93510Y0.896+0.039

2. Market Valuation of Vastned Retail NV

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 Vastned generates.

  • Above 15 is considered overpriced but¬†always compare¬†Vastned to the¬†REIT - Retail industry mean.
  • A PE ratio of -10.48 means the investor is paying €-10.48¬†for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Vastned Retail NV:

  • The EOD is -12.307. Based on the earnings, the company is expensive. -2
  • The MRQ is -10.481. Based on the earnings, the company is expensive. -2
  • The TTM is -15.573. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-12.307MRQ-10.481-1.825
MRQ-10.481TTM-15.573+5.091
TTM-15.573YOY-8.294-7.279
TTM-15.5735Y-3.015-12.558
5Y-3.01510Y3.848-6.862
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Vastned Retail NV:

  • The EOD is 4.592. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 3.911. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 6.195. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD4.592MRQ3.911+0.681
MRQ3.911TTM6.195-2.284
TTM6.195YOY-3.199+9.394
TTM6.1955Y7.334-1.139
5Y7.33410Y8.471-1.137
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy¬†(always compare to REIT - Retail industry mean).
  • A PB ratio of 0.46 means the investor is paying €0.46¬†for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Vastned Retail NV:

  • The EOD is 0.543. Based on the equity, the company is cheap. +2
  • The MRQ is 0.463. Based on the equity, the company is cheap. +2
  • The TTM is 0.456. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.543MRQ0.463+0.081
MRQ0.463TTM0.456+0.007
TTM0.456YOY0.482-0.026
TTM0.4565Y0.492-0.035
5Y0.49210Y0.584-0.092
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Vastned Retail NV 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----0.7440%0.058-100%-0.3760%-0.4140%
Book Value Per Share--43.42843.918-1%46.586-7%47.187-8%47.455-8%
Current Ratio--0.1430.213-33%0.387-63%0.374-62%0.424-66%
Debt To Asset Ratio--0.4670.467+0%0.453+3%0.457+2%0.446+5%
Debt To Equity Ratio--0.9840.980+0%0.918+7%0.935+5%0.896+10%
Dividend Per Share--0.2850.457-38%0.447-36%0.472-40%0.470-39%
Eps---0.479-0.341-29%0.457-205%0.009-5589%0.265-281%
Free Cash Flow Per Share--1.2850.917+40%0.681+89%0.749+72%0.797+61%
Free Cash Flow To Equity Per Share---0.0890.008-1230%-0.124+39%0.022-511%-0.107+19%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--65.227--------
Intrinsic Value_10Y_min--24.636--------
Intrinsic Value_1Y_max--3.677--------
Intrinsic Value_1Y_min--2.920--------
Intrinsic Value_3Y_max--13.226--------
Intrinsic Value_3Y_min--8.435--------
Intrinsic Value_5Y_max--25.403--------
Intrinsic Value_5Y_min--13.536--------
Market Cap404787200.000+15%344755200.000343768960.000+0%385062400.000-10%400709606.418-14%502840414.215-31%
Net Profit Margin---0.220-0.266+21%0.173-227%0.046-576%0.283-178%
Operating Margin---0.094-0.186+97%0.064-249%0.133-171%0.355-127%
Operating Ratio--0.1820.538-66%0.469-61%0.258-30%0.265-31%
Pb Ratio0.543+15%0.4630.456+1%0.482-4%0.492-6%0.584-21%
Pe Ratio-12.307-17%-10.481-15.573+49%-8.294-21%-3.015-71%3.848-372%
Price Per Share23.600+15%20.10020.043+0%22.450-10%23.201-13%27.708-27%
Price To Free Cash Flow Ratio4.592+15%3.9116.195-37%-3.199+182%7.334-47%8.471-54%
Price To Total Gains Ratio82.804+15%70.52414.535+385%24.552+187%19.346+265%15.128+366%
Quick Ratio--0.0510.140-64%0.357-86%0.297-83%0.222-77%
Return On Assets---0.006-0.005-13%0.008-174%0.000-1418%0.003-271%
Return On Equity---0.012-0.011-14%0.016-177%0.001-1624%0.007-288%
Total Gains Per Share--0.285-0.287+201%0.505-44%0.096+196%0.056+411%
Usd Book Value--796802414.800805793243.300-1%854743785.000-7%870381568.845-8%907807430.170-12%
Usd Book Value Change Per Share----0.7960%0.062-100%-0.4020%-0.4430%
Usd Book Value Per Share--46.45546.980-1%49.833-7%50.476-8%50.763-8%
Usd Dividend Per Share--0.3050.489-38%0.479-36%0.505-40%0.503-39%
Usd Eps---0.513-0.364-29%0.489-205%0.009-5589%0.284-281%
Usd Free Cash Flow--23572978.90016826915.850+40%12503054.738+89%13783164.728+71%15243563.738+55%
Usd Free Cash Flow Per Share--1.3740.981+40%0.729+89%0.801+72%0.852+61%
Usd Free Cash Flow To Equity Per Share---0.0950.008-1230%-0.133+39%0.023-511%-0.114+19%
Usd Market Cap433000867.840+15%368784637.440367729656.512+0%411901249.280-10%428639065.985-14%537888391.086-31%
Usd Price Per Share25.245+15%21.50121.439+0%24.015-10%24.818-13%29.639-27%
Usd Profit---8796143.100-7726309.388-12%12573654.938-170%728786.610-1307%5820701.237-251%
Usd Revenue--40051707.40029223669.150+37%22629904.638+77%14091131.358+184%16483595.635+143%
Usd Total Gains Per Share--0.305-0.307+201%0.540-44%0.103+196%0.060+411%
 EOD+5 -3MRQTTM+14 -19YOY+11 -245Y+12 -2110Y+14 -19

3.2. Fundamental Score

Let's check the fundamental score of Vastned Retail NV based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-12.307
Price to Book Ratio (EOD)Between0-10.543
Net Profit Margin (MRQ)Greater than0-0.220
Operating Margin (MRQ)Greater than0-0.094
Quick Ratio (MRQ)Greater than10.051
Current Ratio (MRQ)Greater than10.143
Debt to Asset Ratio (MRQ)Less than10.467
Debt to Equity Ratio (MRQ)Less than10.984
Return on Equity (MRQ)Greater than0.15-0.012
Return on Assets (MRQ)Greater than0.05-0.006
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Vastned Retail NV based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5050.666
Ma 20Greater thanMa 5024.093
Ma 50Greater thanMa 10022.787
Ma 100Greater thanMa 20021.452
OpenGreater thanClose23.550
Total4/5 (80.0%)



Latest Balance Sheet

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

Summary
Total Assets1,398,756
Total Liabilities653,872
Total Stockholder Equity664,709
 As reported
Total Liabilities 653,872
Total Stockholder Equity+ 664,709
Total Assets = 1,398,756

Assets

Total Assets1,398,756
Total Current Assets38,054
Long-term Assets1,360,702
Total Current Assets
Cash And Cash Equivalents 1,016
Short-term Investments 470
Net Receivables 12,047
Inventory -470
Total Current Assets  (as reported)38,054
Total Current Assets  (calculated)13,063
+/- 24,991
Long-term Assets
Property Plant Equipment 1,246
Intangible Assets 343
Long-term Assets Other 24,521
Long-term Assets  (as reported)1,360,702
Long-term Assets  (calculated)26,110
+/- 1,334,592

Liabilities & Shareholders' Equity

Total Current Liabilities266,672
Long-term Liabilities387,200
Total Stockholder Equity664,709
Total Current Liabilities
Short-term Debt 241,933
Short Long Term Debt 241,635
Accounts payable 1,177
Other Current Liabilities 23,860
Total Current Liabilities  (as reported)266,672
Total Current Liabilities  (calculated)508,605
+/- 241,933
Long-term Liabilities
Long term Debt 366,135
Capital Lease Obligations 3,251
Long-term Liabilities Other 4,956
Long-term Liabilities  (as reported)387,200
Long-term Liabilities  (calculated)374,342
+/- 12,858
Total Stockholder Equity
Common Stock95,183
Retained Earnings -19,261
Accumulated Other Comprehensive Income 100,971
Other Stockholders Equity 487,816
Total Stockholder Equity (as reported)664,709
Total Stockholder Equity (calculated)664,709
+/-0
Other
Capital Stock95,183
Cash and Short Term Investments 1,016
Common Stock Shares Outstanding 17,152
Current Deferred Revenue-298
Liabilities and Stockholders Equity 1,398,756
Net Debt 610,005
Net Invested Capital 1,272,479
Net Working Capital -228,618
Property Plant and Equipment Gross 1,246
Short Long Term Debt Total 611,021



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302015-12-312015-06-302014-12-312014-06-302013-12-312013-06-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-31
> Total Assets 
0
0
0
1,893,994
1,080,944
1,082,471
1,965,265
2,014,632
2,067,997
2,114,728
2,128,469
2,146,533
2,124,982
2,099,155
1,860,550
1,710,933
1,504,168
1,566,593
1,676,044
1,654,075
1,667,890
1,623,506
1,623,506
1,590,718
1,590,718
1,597,810
1,597,810
1,567,563
1,567,563
1,591,250
1,591,250
1,595,582
1,595,582
1,587,104
1,587,104
0
1,559,391
0
1,502,505
0
1,459,084
0
1,454,442
0
1,478,724
1,453,109
1,453,109
1,428,744
1,429,085
1,398,756
1,398,756
1,398,7561,398,7561,429,0851,428,7441,453,1091,453,1091,478,72401,454,44201,459,08401,502,50501,559,39101,587,1041,587,1041,595,5821,595,5821,591,2501,591,2501,567,5631,567,5631,597,8101,597,8101,590,7181,590,7181,623,5061,623,5061,667,8901,654,0751,676,0441,566,5931,504,1681,710,9331,860,5502,099,1552,124,9822,146,5332,128,4692,114,7282,067,9972,014,6321,965,2651,082,4711,080,9441,893,994000
   > Total Current Assets 
0
0
0
30,692
16,617
32,021
17,161
16,558
17,223
16,480
17,125
14,382
14,722
26,833
36,846
171,599
13,651
26,002
17,757
5,029
9,251
7,158
7,158
10,607
10,607
70,328
70,328
11,055
11,055
14,067
14,067
17,346
17,346
11,777
11,777
21,526
21,526
25,588
25,588
16,382
16,382
11,859
11,859
14,288
14,288
13,607
13,607
15,926
16,267
38,054
38,054
38,05438,05416,26715,92613,60713,60714,28814,28811,85911,85916,38216,38225,58825,58821,52621,52611,77711,77717,34617,34614,06714,06711,05511,05570,32870,32810,60710,6077,1587,1589,2515,02917,75726,00213,651171,59936,84626,83314,72214,38217,12516,48017,22316,55817,16132,02116,61730,692000
       Cash And Cash Equivalents 
0
0
0
5,739
1,787
2,905
6,756
7,383
4,816
6,134
6,333
4,339
2,239
2,816
6,645
5,133
8,783
12,712
12,628
2,762
4,171
1,280
1,280
1,976
1,976
2,077
2,077
1,551
1,551
1,546
1,546
1,253
1,253
961
961
0
1,574
0
876
0
1,223
0
772
0
1,491
723
723
1,136
1,136
1,016
1,016
1,0161,0161,1361,1367237231,491077201,223087601,57409619611,2531,2531,5461,5461,5511,5512,0772,0771,9761,9761,2801,2804,1712,76212,62812,7128,7835,1336,6452,8162,2394,3396,3336,1344,8167,3836,7562,9051,7875,739000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
154
154
0
0
470
470
47047000154154000000000000000000000000000000000000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,930
3,930
8,631
8,631
2,739
2,739
8,254
8,254
8,602
8,602
10,046
9,935
8,869
8,869
19,952
19,952
16,661
16,661
13,009
13,009
10,471
10,471
12,797
12,797
9,738
12,103
9,520
14,762
9,463
12,047
12,0479,46314,7629,52012,1039,73812,79712,79710,47110,47113,00913,00916,66116,66119,95219,9528,8698,8699,93510,0468,6028,6028,2548,2542,7392,7398,6318,6313,9303,930000000000000000000000
       Other Current Assets 
0
0
0
24,953
14,830
29,116
10,405
9,175
12,407
10,346
10,792
10,043
12,483
24,017
30,201
166,466
4,868
13,290
5,129
2,267
5,080
1,948
5,878
0
10,607
65,512
68,251
1,250
11,055
3,919
12,521
6,047
16,093
1,947
10,816
0
19,952
8,051
24,712
2,150
15,159
616
1
0
12,797
3,146
12,884
5,270
-15,898
27,575
-13,063
-13,06327,575-15,8985,27012,8843,14612,7970161615,1592,15024,7128,05119,952010,8161,94716,0936,04712,5213,91911,0551,25068,25165,51210,60705,8781,9485,0802,2675,12913,2904,868166,46630,20124,01712,48310,04310,79210,34612,4079,17510,40529,11614,83024,953000
   > Long-term Assets 
0
0
0
1,863,302
1,064,327
1,050,450
1,948,104
1,998,074
2,050,774
2,098,248
2,111,344
2,132,151
2,110,260
2,072,322
1,823,704
1,539,334
1,490,517
1,540,591
1,658,287
1,649,046
1,658,639
0
1,616,348
0
1,580,111
0
1,527,482
0
1,556,508
0
1,577,183
0
1,578,236
0
1,575,327
0
1,537,865
0
1,476,917
0
1,442,702
0
1,442,583
0
1,464,436
1,439,502
1,439,502
1,412,818
1,412,818
1,360,702
1,360,702
1,360,7021,360,7021,412,8181,412,8181,439,5021,439,5021,464,43601,442,58301,442,70201,476,91701,537,86501,575,32701,578,23601,577,18301,556,50801,527,48201,580,11101,616,34801,658,6391,649,0461,658,2871,540,5911,490,5171,539,3341,823,7042,072,3222,110,2602,132,1512,111,3442,098,2482,050,7741,998,0741,948,1041,050,4501,064,3271,863,302000
       Property Plant Equipment 
0
0
0
997
296
281
1,071
1,080
982
920
992
1,115
1,066
1,073
1,586
1,465
1,347
1,086
1,115
1,146
1,081
1,616,073
1,280
1,579,845
1,161
1,527,482
1,120
1,556,508
1,104
1,577,183
1,114
1,578,236
1,878
1,574,853
1,671
1,537,347
1,494
1,476,417
1,272
1,442,263
1,254
1,442,182
1,542
1,455,697
1,389
1,424,205
1,290
1,398,693
1,301
1,353,051
1,246
1,2461,353,0511,3011,398,6931,2901,424,2051,3891,455,6971,5421,442,1821,2541,442,2631,2721,476,4171,4941,537,3471,6711,574,8531,8781,578,2361,1141,577,1831,1041,556,5081,1201,527,4821,1611,579,8451,2801,616,0731,0811,1461,1151,0861,3471,4651,5861,0731,0661,1159929209821,0801,071281296997000
       Intangible 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
474
474
0
0
0
0
0
0
0
0
0
333
318
318
346
346
343
343
343343346346318318333000000000474474000000000000000000000000000000000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
275
275
266
266
0
0
0
0
1,546
1,546
0
0
0
0
0
0
0
0
0
0
27
27
8,406
8,406
0
0
14,120
14,120
0
0
0014,12014,120008,4068,406272700000000001,5461,5460000266266275275000000000000000000000
> Total Liabilities 
0
0
0
858,901
615,811
648,378
931,206
939,727
940,766
1,007,574
1,044,937
1,040,832
1,016,416
1,049,297
846,094
838,310
644,368
700,594
802,358
753,062
783,033
732,009
732,009
681,679
681,679
664,395
664,395
631,390
631,390
668,221
668,221
718,573
718,573
704,238
704,238
0
720,071
0
684,212
0
681,994
0
662,443
0
666,425
657,158
657,158
667,050
667,391
653,872
653,872
653,872653,872667,391667,050657,158657,158666,4250662,4430681,9940684,2120720,0710704,238704,238718,573718,573668,221668,221631,390631,390664,395664,395681,679681,679732,009732,009783,033753,062802,358700,594644,368838,310846,0941,049,2971,016,4161,040,8321,044,9371,007,574940,766939,727931,206648,378615,811858,901000
   > Total Current Liabilities 
0
0
0
185,279
127,532
84,087
234,462
252,785
260,922
368,684
270,470
205,179
144,682
185,036
163,751
263,838
206,777
58,751
84,088
60,932
80,715
95,088
95,088
115,574
115,574
30,485
30,485
168,012
168,012
162,864
162,864
62,603
62,603
92,155
92,155
87,547
87,547
30,228
30,228
28,246
28,246
25,848
25,848
28,134
28,134
50,949
50,949
56,918
56,918
266,672
266,672
266,672266,67256,91856,91850,94950,94928,13428,13425,84825,84828,24628,24630,22830,22887,54787,54792,15592,15562,60362,603162,864162,864168,012168,01230,48530,485115,574115,57495,08895,08880,71560,93284,08858,751206,777263,838163,751185,036144,682205,179270,470368,684260,922252,785234,46284,087127,532185,279000
       Short-term Debt 
0
0
0
144,612
9,945
51,411
138,214
121,544
223,287
190,714
229,043
139,494
104,057
142,864
134,451
219,120
180,852
17,571
51,914
32,970
53,212
680,033
72,172
638,780
94,088
18
7,245
134,032
145,782
134,661
140,681
25,000
39,955
62,470
71,073
0
49,772
0
8,819
0
6,128
0
3,583
0
4,734
28,281
28,559
31,194
31,479
241,635
241,933
241,933241,63531,47931,19428,55928,2814,73403,58306,12808,819049,772071,07362,47039,95525,000140,681134,661145,782134,0327,2451894,088638,78072,172680,03353,21232,97051,91417,571180,852219,120134,451142,864104,057139,494229,043190,714223,287121,544138,21451,4119,945144,612000
       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
680,033
680,033
638,780
638,780
18
18
134,032
134,032
134,661
134,661
25,000
39,715
62,470
70,753
0
49,632
0
8,547
0
5,970
0
3,320
0
4,471
0
28,281
0
31,194
0
241,635
241,635031,194028,28104,47103,32005,97008,547049,632070,75362,47039,71525,000134,661134,661134,032134,0321818638,780638,780680,033680,033000000000000000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,701
0
2,001
0
1,030
0
2,533
2,533
0
0
1,218
1,218
0
0
1,615
1,615
0
0
379
379
0
0
938
938
0
0
809
809
0
0
880
880
0
0
1,177
1,177
1,1771,17700880880008098090093893800379379001,6151,615001,2181,218002,5332,53301,03002,00101,701000000000000000
       Other Current Liabilities 
0
0
0
40,667
117,587
32,676
96,248
131,241
37,635
177,970
41,427
65,685
40,625
42,172
29,300
6,796
25,925
6,224
32,174
7,012
27,503
13,386
6,426
21,225
21,486
15,394
6,502
22,230
22,230
14,666
8,653
22,648
22,648
14,424
8,425
37,775
37,775
13,780
16,705
22,118
22,118
15,415
4,550
23,400
23,400
21,788
21,510
25,724
25,439
23,860
23,860
23,86023,86025,43925,72421,51021,78823,40023,4004,55015,41522,11822,11816,70513,78037,77537,7758,42514,42422,64822,6488,65314,66622,23022,2306,50215,39421,48621,2256,42613,38627,5037,01232,1746,22425,9256,79629,30042,17240,62565,68541,427177,97037,635131,24196,24832,676117,58740,667000
   > Long-term Liabilities 
0
0
0
673,622
488,279
564,291
696,744
686,942
679,844
638,890
774,467
835,653
871,734
864,261
682,343
574,472
437,591
641,843
718,270
692,130
702,318
0
636,921
0
566,105
0
633,910
0
463,378
0
505,357
0
655,970
0
612,083
0
632,524
0
653,984
0
653,748
0
636,595
0
638,291
606,209
606,209
610,132
610,473
387,200
387,200
387,200387,200610,473610,132606,209606,209638,2910636,5950653,7480653,9840632,5240612,0830655,9700505,3570463,3780633,9100566,1050636,9210702,318692,130718,270641,843437,591574,472682,343864,261871,734835,653774,467638,890679,844686,942696,744564,291488,279673,622000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
29,166
29,166
21,674
21,674
21,743
21,743
24,191
24,191
24,688
24,688
25,166
25,166
25,280
25,280
22,914
22,914
21,038
21,038
18,446
18,446
19,038
19,038
17,281
17,281
17,634
17,634
0
17,256
0
0
0017,256017,63417,63417,28117,28119,03819,03818,44618,44621,03821,03822,91422,91425,28025,28025,16625,16624,68824,68824,19124,19121,74321,74321,67421,67429,16629,166000000000000000000000
> Total Stockholder Equity
0
0
0
939,133
343,365
323,888
936,695
975,570
1,021,846
1,006,250
980,248
1,000,393
1,001,116
949,043
889,407
791,365
780,837
782,213
790,832
816,640
802,196
804,437
804,437
819,119
819,119
838,685
838,685
843,844
843,844
830,392
830,392
789,906
789,906
793,734
793,734
0
758,346
0
737,195
0
699,701
0
713,072
0
734,387
715,879
715,879
683,077
683,077
664,709
664,709
664,709664,709683,077683,077715,879715,879734,3870713,0720699,7010737,1950758,3460793,734793,734789,906789,906830,392830,392843,844843,844838,685838,685819,119819,119804,437804,437802,196816,640790,832782,213780,837791,365889,407949,0431,001,1161,000,393980,2481,006,2501,021,846975,570936,695323,888343,365939,133000
   Common Stock
0
0
0
91,326
93,915
94,664
92,476
92,476
92,476
93,106
93,106
93,106
93,106
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,183
95,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18395,18393,10693,10693,10693,10692,47692,47692,47694,66493,91591,326000
   Retained Earnings Total Equity000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
170,649
120,796
152,141
130,377
119,339
120,232
100,971
100,971120,232119,339130,377152,141120,796170,64900000000000000000000000000000000000000000000
   Capital Surplus 000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
909,190
291,599
233,119
771,487
783,918
797,466
850,048
814,256
811,190
810,140
866,184
794,957
785,218
676,272
655,324
669,263
655,986
694,459
210,183
682,823
187,099
659,739
176,217
648,857
243,995
745,635
221,474
694,114
217,746
686,301
207,561
676,116
215,746
684,301
214,797
683,352
144,597
613,152
134,929
603,484
131,190
429,096
468,555
437,210
468,555
479,593
468,555
487,816
487,816468,555479,593468,555437,210468,555429,096131,190603,484134,929613,152144,597683,352214,797684,301215,746676,116207,561686,301217,746694,114221,474745,635243,995648,857176,217659,739187,099682,823210,183694,459655,986669,263655,324676,272785,218794,957866,184810,140811,190814,256850,048797,466783,918771,487233,119291,599909,190000



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.