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Volvo AB ser. B
Buy, Hold or Sell?

Let's analyse Volvo AB ser. B together

PenkeI guess you are interested in Volvo AB ser. B. 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 Volvo AB ser. B. 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 Volvo AB ser. B (30 sec.)










What can you expect buying and holding a share of Volvo AB ser. B? (30 sec.)

How much money do you get?

How much money do you get?
$1.33
When do you have the money?
1 year
How often do you get paid?
67.5%

What is your share worth?

Current worth
$8.36
Expected worth in 1 year
$9.03
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
$2.00
Return On Investment
6.7%

For what price can you sell your share?

Current Price per Share
$30.10
Expected price per share
$24.36 - $
How sure are you?
50%

1. Valuation of Volvo AB ser. B (5 min.)




Live pricePrice per Share (EOD)

$30.10

Intrinsic Value Per Share

$-8.03 - $4.63

Total Value Per Share

$0.33 - $12.99

2. Growth of Volvo AB ser. B (5 min.)




Is Volvo AB ser. B growing?

Current yearPrevious yearGrowGrow %
How rich?$16.9b$15.2b$1.2b7.7%

How much money is Volvo AB ser. B making?

Current yearPrevious yearGrowGrow %
Making money$1.1b$768.9m$401.8m34.3%
Net Profit Margin9.1%7.0%--

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

3. Financial Health of Volvo AB ser. B (5 min.)




4. Comparing to competitors in the Farm & Heavy Construction Machinery industry (5 min.)




  Industry Rankings (Farm & Heavy Construction Machinery)  


Richest
#8 / 147

Most Revenue
#5 / 147

Most Profit
#4 / 147

What can you expect buying and holding a share of Volvo AB ser. B? (5 min.)

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

What can you expect buying and holding a share of Volvo AB ser. B?

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

Speculation

The Price per Share of Volvo AB ser. B is $30.10. 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 Volvo AB ser. B.
  • 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 Volvo AB ser. B, 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 $8.36. Based on the TTM, the Book Value Change Per Share is $0.17 per quarter. Based on the YOY, the Book Value Change Per Share is $0.26 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.33 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Volvo AB ser. B.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.561.9%0.581.9%0.381.3%0.371.2%0.240.8%
Usd Book Value Change Per Share0.160.5%0.170.6%0.260.8%0.130.4%0.120.4%
Usd Dividend Per Share0.000.0%0.331.1%0.762.5%0.652.2%0.381.2%
Usd Total Gains Per Share0.160.5%0.501.7%1.023.4%0.782.6%0.491.6%
Usd Price Per Share25.96-21.97-16.73-19.15-16.06-
Price to Earnings Ratio11.65-9.65-11.59-29.17-44.13-
Price-to-Total Gains Ratio159.69-65.57-20.98-27.28-51.81-
Price to Book Ratio3.11-2.70-2.24-2.74-2.83-
Price-to-Total Gains Ratio159.69-65.57-20.98-27.28-51.81-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share30.1
Number of shares33
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.330.65
Usd Book Value Change Per Share0.170.13
Usd Total Gains Per Share0.500.78
Gains per Quarter (33 shares)16.5225.78
Gains per Year (33 shares)66.09103.12
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1442256861793
2884412217334196
31326618825950299
41768925434567402
522011132043284505
6264133386518101608
7308155452605117711
8352177518691134814
9396199584777151917
104402216508641681020

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 Share4.00.00.0100.0%12.00.00.0100.0%19.01.00.095.0%38.02.00.095.0%114.018.00.086.4%
Book Value Change Per Share3.01.00.075.0%8.04.00.066.7%14.06.00.070.0%29.011.00.072.5%75.045.012.056.8%
Dividend per Share2.00.02.050.0%9.00.03.075.0%13.00.07.065.0%27.00.013.067.5%83.00.049.062.9%
Total Gains per Share4.00.00.0100.0%11.01.00.091.7%18.02.00.090.0%36.04.00.090.0%99.033.00.075.0%

Fundamentals of Volvo AB ser. B

About Volvo AB ser. B

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands. It offers road construction machine, haulers, wheel loaders, excavators, and compact equipment. In addition, the company offers engines and power solutions for leisure and commercial vessels, as well as for power generation, industrial, and off-highway applications under the Volvo Penta brand name. Further, it provides financing, insurance, rental, spare parts, repairs, preventive maintenance, service agreement, and assistance services. The company offers its products and services through a network of dealerships and workshops. It has a strategic alliance with Isuzu Motors within commercial vehicles; a partnership with Samsung SDI Co to develop batteries for its electric products; and an agreement with Aurora to develop autonomous trucks. AB Volvo (publ) was incorporated in 1915 and is headquartered in Gothenburg, Sweden.

Fundamental data was last updated by Penke on 2024-03-13 17:28:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just 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 unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Volvo AB ser. B.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Volvo AB ser. B earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Volvo AB ser. B to the Farm & Heavy Construction Machinery industry mean.
  • A Net Profit Margin of 8.1% means that $0.08 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Volvo AB ser. B:

  • The MRQ is 8.1%. The company is making a profit. +1
  • The TTM is 9.1%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ8.1%TTM9.1%-0.9%
TTM9.1%YOY7.0%+2.1%
TTM9.1%5Y7.7%+1.4%
5Y7.7%10Y6.1%+1.6%
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ8.1%4.2%+3.9%
TTM9.1%5.3%+3.8%
YOY7.0%4.5%+2.5%
5Y7.7%3.4%+4.3%
10Y6.1%3.4%+2.7%
1.1.2. Return on Assets

Shows how efficient Volvo AB ser. B is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Volvo AB ser. B to the Farm & Heavy Construction Machinery industry mean.
  • 1.8% Return on Assets means that Volvo AB ser. B generated $0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Volvo AB ser. B:

  • The MRQ is 1.8%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.8%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.8%TTM1.8%-0.1%
TTM1.8%YOY1.4%+0.5%
TTM1.8%5Y1.5%+0.3%
5Y1.5%10Y1.2%+0.3%
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8%1.2%+0.6%
TTM1.8%1.3%+0.5%
YOY1.4%1.1%+0.3%
5Y1.5%0.9%+0.6%
10Y1.2%0.7%+0.5%
1.1.3. Return on Equity

Shows how efficient Volvo AB ser. B is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Volvo AB ser. B to the Farm & Heavy Construction Machinery industry mean.
  • 6.8% Return on Equity means Volvo AB ser. B generated $0.07 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Volvo AB ser. B:

  • The MRQ is 6.8%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 7.2%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ6.8%TTM7.2%-0.4%
TTM7.2%YOY5.2%+2.0%
TTM7.2%5Y5.7%+1.5%
5Y5.7%10Y4.8%+0.9%
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ6.8%3.0%+3.8%
TTM7.2%3.3%+3.9%
YOY5.2%2.9%+2.3%
5Y5.7%2.1%+3.6%
10Y4.8%1.9%+2.9%

1.2. Operating Efficiency of Volvo AB ser. B.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Volvo AB ser. B is operating .

  • Measures how much profit Volvo AB ser. B 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 Volvo AB ser. B to the Farm & Heavy Construction Machinery industry mean.
  • An Operating Margin of 13.7% means the company generated $0.14  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Volvo AB ser. B:

  • The MRQ is 13.7%. The company is operating less efficient.
  • The TTM is 12.8%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ13.7%TTM12.8%+0.9%
TTM12.8%YOY9.7%+3.2%
TTM12.8%5Y10.7%+2.1%
5Y10.7%10Y8.8%+1.9%
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ13.7%7.9%+5.8%
TTM12.8%5.4%+7.4%
YOY9.7%6.1%+3.6%
5Y10.7%5.1%+5.6%
10Y8.8%5.0%+3.8%
1.2.2. Operating Ratio

Measures how efficient Volvo AB ser. B is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Farm & Heavy Construction Machinery industry mean).
  • An Operation Ratio of 0.86 means that the operating costs are $0.86 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Volvo AB ser. B:

  • The MRQ is 0.863. The company is less efficient in keeping operating costs low.
  • The TTM is 0.870. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.863TTM0.870-0.007
TTM0.870YOY0.896-0.026
TTM0.8705Y0.893-0.023
5Y0.89310Y0.911-0.018
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8631.536-0.673
TTM0.8701.486-0.616
YOY0.8961.477-0.581
5Y0.8931.446-0.553
10Y0.9111.184-0.273

1.3. Liquidity of Volvo AB ser. B.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Volvo AB ser. B is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Farm & Heavy Construction Machinery industry mean).
  • A Current Ratio of 1.24 means the company has $1.24 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Volvo AB ser. B:

  • The MRQ is 1.236. The company is just able to pay all its short-term debts.
  • The TTM is 1.224. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.236TTM1.224+0.011
TTM1.224YOY1.294-0.070
TTM1.2245Y1.291-0.067
5Y1.29110Y1.197+0.094
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2361.546-0.310
TTM1.2241.567-0.343
YOY1.2941.584-0.290
5Y1.2911.629-0.338
10Y1.1971.435-0.238
1.3.2. Quick Ratio

Measures if Volvo AB ser. B is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Volvo AB ser. B to the Farm & Heavy Construction Machinery industry mean.
  • A Quick Ratio of 0.92 means the company can pay off $0.92 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Volvo AB ser. B:

  • The MRQ is 0.924. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.908. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.924TTM0.908+0.015
TTM0.908YOY0.769+0.140
TTM0.9085Y0.845+0.064
5Y0.84510Y0.715+0.130
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9240.678+0.246
TTM0.9080.755+0.153
YOY0.7690.7690.000
5Y0.8450.777+0.068
10Y0.7150.788-0.073

1.4. Solvency of Volvo AB ser. B.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Volvo AB ser. B assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Volvo AB ser. B to Farm & Heavy Construction Machinery industry mean.
  • A Debt to Asset Ratio of 0.73 means that Volvo AB ser. B assets are financed with 73.5% credit (debt) and the remaining percentage (100% - 73.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Volvo AB ser. B:

  • The MRQ is 0.735. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.739. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.735TTM0.739-0.004
TTM0.739YOY0.727+0.012
TTM0.7395Y0.729+0.010
5Y0.72910Y0.746-0.017
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7350.562+0.173
TTM0.7390.557+0.182
YOY0.7270.545+0.182
5Y0.7290.562+0.167
10Y0.7460.562+0.184
1.4.2. Debt to Equity Ratio

Measures if Volvo AB ser. B is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Volvo AB ser. B to the Farm & Heavy Construction Machinery industry mean.
  • A Debt to Equity ratio of 281.8% means that company has $2.82 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Volvo AB ser. B:

  • The MRQ is 2.818. The company is unable to pay all its debts with equity. -1
  • The TTM is 2.897. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ2.818TTM2.897-0.079
TTM2.897YOY2.722+0.175
TTM2.8975Y2.760+0.137
5Y2.76010Y3.032-0.272
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ2.8181.302+1.516
TTM2.8971.315+1.582
YOY2.7221.257+1.465
5Y2.7601.313+1.447
10Y3.0321.340+1.692

2. Market Valuation of Volvo AB ser. B

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 Volvo AB ser. B generates.

  • Above 15 is considered overpriced but always compare Volvo AB ser. B to the Farm & Heavy Construction Machinery industry mean.
  • A PE ratio of 11.65 means the investor is paying $11.65 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Volvo AB ser. B:

  • The EOD is 13.503. Based on the earnings, the company is underpriced. +1
  • The MRQ is 11.646. Based on the earnings, the company is underpriced. +1
  • The TTM is 9.646. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD13.503MRQ11.646+1.857
MRQ11.646TTM9.646+2.000
TTM9.646YOY11.587-1.941
TTM9.6465Y29.175-19.529
5Y29.17510Y44.128-14.953
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD13.5038.425+5.078
MRQ11.6467.709+3.937
TTM9.6468.735+0.911
YOY11.58711.239+0.348
5Y29.17511.988+17.187
10Y44.12814.941+29.187
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Volvo AB ser. B:

  • The EOD is 23.468. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 20.240. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is -70.211. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD23.468MRQ20.240+3.228
MRQ20.240TTM-70.211+90.451
TTM-70.211YOY24.714-94.926
TTM-70.2115Y15.553-85.765
5Y15.55310Y-181.172+196.726
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD23.4683.053+20.415
MRQ20.2402.840+17.400
TTM-70.2110.665-70.876
YOY24.714-0.096+24.810
5Y15.5530.214+15.339
10Y-181.1720.233-181.405
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Volvo AB ser. B is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Farm & Heavy Construction Machinery industry mean).
  • A PB ratio of 3.11 means the investor is paying $3.11 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Volvo AB ser. B:

  • The EOD is 3.602. Based on the equity, the company is fair priced.
  • The MRQ is 3.106. Based on the equity, the company is fair priced.
  • The TTM is 2.705. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD3.602MRQ3.106+0.495
MRQ3.106TTM2.705+0.402
TTM2.705YOY2.239+0.466
TTM2.7055Y2.739-0.035
5Y2.73910Y2.826-0.086
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD3.6021.597+2.005
MRQ3.1061.530+1.576
TTM2.7051.493+1.212
YOY2.2391.577+0.662
5Y2.7391.765+0.974
10Y2.8262.076+0.750
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Volvo AB ser. B 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--0.1630.168-3%0.256-36%0.127+28%0.119+36%
Book Value Per Share--8.3578.119+3%7.490+12%7.048+19%5.732+46%
Current Ratio--1.2361.224+1%1.294-5%1.291-4%1.197+3%
Debt To Asset Ratio--0.7350.739-1%0.727+1%0.729+1%0.746-1%
Debt To Equity Ratio--2.8182.897-3%2.722+4%2.760+2%3.032-7%
Dividend Per Share---0.333-100%0.764-100%0.654-100%0.375-100%
Eps--0.5570.576-3%0.378+47%0.370+51%0.237+135%
Free Cash Flow Per Share--0.321-0.023+107%0.086+275%0.110+192%0.096+235%
Free Cash Flow To Equity Per Share--0.935-0.002+100%0.172+444%-0.064+107%-0.041+104%
Gross Profit Margin--0.2330.316-26%0.077+204%1.250-81%0.133+75%
Intrinsic Value_10Y_max--4.629--------
Intrinsic Value_10Y_min---8.027--------
Intrinsic Value_1Y_max--0.395--------
Intrinsic Value_1Y_min--0.084--------
Intrinsic Value_3Y_max--1.240--------
Intrinsic Value_3Y_min---0.515--------
Intrinsic Value_5Y_max--2.147--------
Intrinsic Value_5Y_min---1.952--------
Market Cap47812947481.600-10%52776680000.00044672633750.000+18%34015901875.000+55%38938303125.000+36%32653909077.500+62%
Net Profit Margin--0.0810.091-10%0.070+17%0.077+6%0.061+33%
Operating Margin--0.1370.128+7%0.097+42%0.107+28%0.088+55%
Operating Ratio--0.8630.870-1%0.896-4%0.893-3%0.911-5%
Pb Ratio3.602+14%3.1062.705+15%2.239+39%2.739+13%2.826+10%
Pe Ratio13.503+14%11.6469.646+21%11.587+1%29.175-60%44.128-74%
Price Per Share30.100+14%25.96021.974+18%16.732+55%19.153+36%16.064+62%
Price To Free Cash Flow Ratio23.468+14%20.240-70.211+447%24.714-18%15.553+30%-181.172+995%
Price To Total Gains Ratio185.151+14%159.68565.570+144%20.981+661%27.284+485%51.808+208%
Quick Ratio--0.9240.908+2%0.769+20%0.845+9%0.715+29%
Return On Assets--0.0180.018-4%0.014+28%0.015+18%0.012+45%
Return On Equity--0.0680.072-6%0.052+31%0.057+19%0.048+41%
Total Gains Per Share--0.1630.501-68%1.020-84%0.781-79%0.495-67%
Usd Book Value--16989466000.00016505742000.000+3%15227647500.000+12%14328326000.000+19%11651974450.000+46%
Usd Book Value Change Per Share--0.1630.168-3%0.256-36%0.127+28%0.119+36%
Usd Book Value Per Share--8.3578.119+3%7.490+12%7.048+19%5.732+46%
Usd Dividend Per Share---0.333-100%0.764-100%0.654-100%0.375-100%
Usd Eps--0.5570.576-3%0.378+47%0.370+51%0.237+135%
Usd Free Cash Flow--651890000.000-46765000.000+107%173853000.000+275%223461500.000+192%194663190.000+235%
Usd Free Cash Flow Per Share--0.321-0.023+107%0.086+275%0.110+192%0.096+235%
Usd Free Cash Flow To Equity Per Share--0.935-0.002+100%0.172+444%-0.064+107%-0.041+104%
Usd Market Cap47812947481.600-10%52776680000.00044672633750.000+18%34015901875.000+55%38938303125.000+36%32653909077.500+62%
Usd Price Per Share30.100+14%25.96021.974+18%16.732+55%19.153+36%16.064+62%
Usd Profit--1132982000.0001170887500.000-3%768990500.000+47%801415800.000+41%579735600.000+95%
Usd Revenue--13922998000.00012989930500.000+7%11126780000.000+25%10193754800.000+37%8910833400.000+56%
Usd Total Gains Per Share--0.1630.501-68%1.020-84%0.781-79%0.495-67%
 EOD+2 -6MRQTTM+19 -17YOY+24 -125Y+25 -1110Y+29 -7

3.2. Fundamental Score

Let's check the fundamental score of Volvo AB ser. B based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1513.503
Price to Book Ratio (EOD)Between0-13.602
Net Profit Margin (MRQ)Greater than00.081
Operating Margin (MRQ)Greater than00.137
Quick Ratio (MRQ)Greater than10.924
Current Ratio (MRQ)Greater than11.236
Debt to Asset Ratio (MRQ)Less than10.735
Debt to Equity Ratio (MRQ)Less than12.818
Return on Equity (MRQ)Greater than0.150.068
Return on Assets (MRQ)Greater than0.050.018
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Volvo AB ser. B based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5079.161
Ma 20Greater thanMa 5028.961
Ma 50Greater thanMa 10026.459
Ma 100Greater thanMa 20024.822
OpenGreater thanClose30.100
Total4/5 (80.0%)



Latest Balance Sheet

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

Summary
Total Assets681,808,000
Total Liabilities501,069,000
Total Stockholder Equity177,791,000
 As reported
Total Liabilities 501,069,000
Total Stockholder Equity+ 177,791,000
Total Assets = 681,808,000

Assets

Total Assets681,808,000
Total Current Assets351,373,000
Long-term Assets330,435,000
Total Current Assets
Cash And Cash Equivalents 83,326,000
Short-term Investments 89,000
Net Receivables 179,135,000
Inventory 76,863,000
Other Current Assets 11,960,000
Total Current Assets  (as reported)351,373,000
Total Current Assets  (calculated)351,373,000
+/-0
Long-term Assets
Property Plant Equipment 110,306,000
Goodwill 24,861,000
Intangible Assets 17,651,000
Long-term Assets Other 2,039,000
Long-term Assets  (as reported)330,435,000
Long-term Assets  (calculated)154,857,000
+/- 175,578,000

Liabilities & Shareholders' Equity

Total Current Liabilities284,361,000
Long-term Liabilities216,708,000
Total Stockholder Equity177,791,000
Total Current Liabilities
Short-term Debt 98,289,000
Short Long Term Debt 95,372,000
Accounts payable 82,987,000
Other Current Liabilities 89,795,000
Total Current Liabilities  (as reported)284,361,000
Total Current Liabilities  (calculated)366,443,000
+/- 82,082,000
Long-term Liabilities
Long term Debt 130,953,000
Capital Lease Obligations 7,191,000
Long-term Liabilities Other 12,820,000
Long-term Liabilities  (as reported)216,708,000
Long-term Liabilities  (calculated)150,964,000
+/- 65,744,000
Total Stockholder Equity
Common Stock2,562,000
Retained Earnings 165,614,000
Accumulated Other Comprehensive Income 9,615,000
Total Stockholder Equity (as reported)177,791,000
Total Stockholder Equity (calculated)177,791,000
+/-0
Other
Capital Stock2,562,000
Cash and Short Term Investments 83,415,000
Common Stock Shares Outstanding 2,033,000
Current Deferred Revenue13,290,000
Liabilities and Stockholders Equity 681,808,000
Net Debt 153,465,000
Net Invested Capital 404,116,000
Net Working Capital 67,012,000
Property Plant and Equipment Gross 230,868,000
Short Long Term Debt Total 236,791,000



Balance Sheet

Currency in SEK. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-09-302001-06-302001-03-312000-12-312000-09-302000-06-302000-03-311999-12-311999-09-301999-06-301999-03-311998-12-311998-09-301998-06-301998-03-311997-12-311997-09-301997-06-301997-03-311996-12-311996-09-301996-06-301996-03-311995-12-311995-09-301995-06-301995-03-311994-12-311994-09-301994-06-301994-03-311993-12-311993-09-301993-06-301993-03-311992-12-311992-09-301992-06-301992-03-311991-12-311991-09-301991-06-301991-03-311990-12-311990-09-301990-06-301990-03-311989-12-311989-09-301989-06-301989-03-311988-12-311988-09-301988-06-301988-03-311987-12-311987-09-301987-06-301987-03-31
> Total Assets 
0
0
0
78,347,356
0
0
0
87,177,072
0
0
0
97,414,113
0
0
0
101,614,800
0
0
0
107,490,182
0
0
0
116,889,017
0
0
0
134,542,737
0
0
0
103,329,350
185,715,465
148,077,889
145,207,274
137,422,453
0
0
0
141,070,736
0
0
0
164,108,361
127,727,760
163,613,442
194,074,646
204,585,491
206,108,165
181,488,960
179,293,242
195,415,452
214,037,679
210,653,969
204,296,301
202,197,797
265,172,069
260,605,568
261,082,926
260,810,411
255,090,330
245,555,224
244,837,722
239,722,609
241,954,814
239,231,448
235,904,328
231,048,179
240,060,340
228,012,340
222,214,838
224,374,098
239,088,004
251,436,106
247,824,099
256,962,808
261,246,009
260,335,069
258,726,443
257,677,035
301,908,887
315,500,000
302,810,000
321,647,000
329,944,000
330,210,000
348,058,000
372,419,000
365,512,000
355,924,000
83,066,250
332,265,000
327,546,000
337,362,000
308,936,000
318,007,000
314,807,000
320,718,000
339,758,000
353,244,000
359,552,000
366,162,000
347,521,000
338,742,000
334,344,000
348,849,000
339,894,000
344,829,000
340,447,000
351,112,000
360,804,000
382,896,000
403,530,000
387,743,000
382,181,000
374,165,000
374,342,000
389,232,000
397,475,000
398,916,000
408,277,000
399,501,000
393,226,000
412,494,000
444,294,000
459,160,000
454,160,000
474,663,000
519,270,000
515,943,000
524,943,000
524,837,000
550,874,000
521,483,000
523,977,000
510,821,000
531,452,000
494,503,000
471,000,000
515,856,000
552,392,000
573,694,000
620,492,000
629,064,000
654,422,000
678,594,000
680,150,000
681,808,000
681,808,000680,150,000678,594,000654,422,000629,064,000620,492,000573,694,000552,392,000515,856,000471,000,000494,503,000531,452,000510,821,000523,977,000521,483,000550,874,000524,837,000524,943,000515,943,000519,270,000474,663,000454,160,000459,160,000444,294,000412,494,000393,226,000399,501,000408,277,000398,916,000397,475,000389,232,000374,342,000374,165,000382,181,000387,743,000403,530,000382,896,000360,804,000351,112,000340,447,000344,829,000339,894,000348,849,000334,344,000338,742,000347,521,000366,162,000359,552,000353,244,000339,758,000320,718,000314,807,000318,007,000308,936,000337,362,000327,546,000332,265,00083,066,250355,924,000365,512,000372,419,000348,058,000330,210,000329,944,000321,647,000302,810,000315,500,000301,908,887257,677,035258,726,443260,335,069261,246,009256,962,808247,824,099251,436,106239,088,004224,374,098222,214,838228,012,340240,060,340231,048,179235,904,328239,231,448241,954,814239,722,609244,837,722245,555,224255,090,330260,810,411261,082,926260,605,568265,172,069202,197,797204,296,301210,653,969214,037,679195,415,452179,293,242181,488,960206,108,165204,585,491194,074,646163,613,442127,727,760164,108,361000141,070,736000137,422,453145,207,274148,077,889185,715,465103,329,350000134,542,737000116,889,017000107,490,182000101,614,80000097,414,11300087,177,07200078,347,356000
   > Total Current Assets 
0
0
0
51,971,407
0
0
0
49,105,288
0
0
0
53,319,138
0
0
0
52,937,575
0
0
0
54,240,486
0
0
0
61,676,559
0
0
0
70,269,885
0
0
0
58,436,901
111,039,401
82,630,869
82,646,345
75,440,357
0
0
0
81,736,895
0
0
0
91,644,010
78,154,974
91,367,591
101,910,851
105,128,016
134,980,465
101,887,200
83,716,644
89,663,712
115,362,358
111,324,863
98,391,744
97,420,245
120,213,966
113,427,920
111,821,021
114,688,685
111,195,084
108,726,656
106,678,962
102,887,254
108,408,052
108,819,302
105,136,670
126,823,484
133,569,389
122,101,439
116,981,613
121,441,099
131,087,230
136,917,636
132,807,148
140,389,010
144,325,698
143,556,319
136,631,808
134,001,620
155,089,560
160,396,000
147,963,000
159,160,000
170,318,000
167,540,000
172,993,000
176,038,000
169,366,000
167,383,000
38,736,250
154,945,000
154,652,000
161,137,000
142,763,000
147,139,000
150,262,000
151,300,000
161,048,000
172,659,000
180,219,000
181,708,000
165,064,000
152,751,000
151,798,000
161,393,000
154,854,000
163,612,000
158,829,000
161,320,000
164,972,000
177,302,000
188,380,000
180,230,000
175,272,000
170,687,000
170,616,000
178,559,000
180,945,000
180,301,000
192,720,000
188,173,000
186,471,000
199,039,000
218,502,000
224,823,000
222,015,000
234,675,000
267,985,000
262,482,000
263,347,000
282,187,000
302,594,000
284,483,000
288,285,000
280,116,000
286,102,000
249,963,000
220,521,000
255,504,000
283,925,000
286,641,000
316,899,000
323,847,000
343,261,000
349,303,000
351,444,000
351,373,000
351,373,000351,444,000349,303,000343,261,000323,847,000316,899,000286,641,000283,925,000255,504,000220,521,000249,963,000286,102,000280,116,000288,285,000284,483,000302,594,000282,187,000263,347,000262,482,000267,985,000234,675,000222,015,000224,823,000218,502,000199,039,000186,471,000188,173,000192,720,000180,301,000180,945,000178,559,000170,616,000170,687,000175,272,000180,230,000188,380,000177,302,000164,972,000161,320,000158,829,000163,612,000154,854,000161,393,000151,798,000152,751,000165,064,000181,708,000180,219,000172,659,000161,048,000151,300,000150,262,000147,139,000142,763,000161,137,000154,652,000154,945,00038,736,250167,383,000169,366,000176,038,000172,993,000167,540,000170,318,000159,160,000147,963,000160,396,000155,089,560134,001,620136,631,808143,556,319144,325,698140,389,010132,807,148136,917,636131,087,230121,441,099116,981,613122,101,439133,569,389126,823,484105,136,670108,819,302108,408,052102,887,254106,678,962108,726,656111,195,084114,688,685111,821,021113,427,920120,213,96697,420,24598,391,744111,324,863115,362,35889,663,71283,716,644101,887,200134,980,465105,128,016101,910,85191,367,59178,154,97491,644,01000081,736,89500075,440,35782,646,34582,630,869111,039,40158,436,90100070,269,88500061,676,55900054,240,48600052,937,57500053,319,13800049,105,28800051,971,407000
       Cash And Cash Equivalents 
0
0
0
22,579,297
0
0
0
15,672,827
0
0
0
18,333,039
0
0
0
17,501,753
0
0
0
18,909,722
0
0
0
21,738,129
0
0
0
21,445,955
0
0
0
18,229,830
40,187,681
22,927,574
28,962,623
23,091,850
0
0
0
26,644,035
0
0
0
20,705,802
7,050,252
9,659,946
10,170,466
13,066,085
35,455,876
4,960,800
6,401,312
8,303,773
14,391,053
7,502,865
3,770,910
6,445,951
8,818,665
9,779,567
7,716,579
13,861,971
6,936,712
7,526,807
6,101,239
8,891,169
6,282,567
6,225,324
6,403,871
9,200,525
7,562,379
7,640,731
6,704,005
8,847,937
6,908,260
7,466,389
8,817,682
8,110,518
9,897,686
9,250,302
9,136,184
10,729,145
10,817,605
11,283,000
10,266,000
14,544,000
10,638,000
8,969,000
12,698,000
17,712,000
18,484,000
24,476,000
5,308,500
21,234,000
20,136,000
23,117,000
14,126,000
22,966,000
19,407,000
18,849,000
22,423,000
30,379,000
27,971,000
26,068,000
21,782,000
25,759,000
24,191,000
22,737,000
20,768,000
19,068,000
19,885,000
14,245,000
16,335,000
26,243,000
24,654,000
17,719,000
17,819,000
21,048,000
15,805,000
15,049,000
19,763,000
23,949,000
32,042,000
26,205,000
27,917,000
36,092,000
38,746,000
35,155,000
35,536,000
39,433,000
54,052,000
42,577,000
46,123,000
49,961,000
64,598,000
71,826,000
86,213,000
71,706,000
72,144,000
67,758,000
36,178,000
50,626,000
73,388,000
54,268,000
71,906,000
67,086,000
84,178,000
63,819,000
65,148,000
83,326,000
83,326,00065,148,00063,819,00084,178,00067,086,00071,906,00054,268,00073,388,00050,626,00036,178,00067,758,00072,144,00071,706,00086,213,00071,826,00064,598,00049,961,00046,123,00042,577,00054,052,00039,433,00035,536,00035,155,00038,746,00036,092,00027,917,00026,205,00032,042,00023,949,00019,763,00015,049,00015,805,00021,048,00017,819,00017,719,00024,654,00026,243,00016,335,00014,245,00019,885,00019,068,00020,768,00022,737,00024,191,00025,759,00021,782,00026,068,00027,971,00030,379,00022,423,00018,849,00019,407,00022,966,00014,126,00023,117,00020,136,00021,234,0005,308,50024,476,00018,484,00017,712,00012,698,0008,969,00010,638,00014,544,00010,266,00011,283,00010,817,60510,729,1459,136,1849,250,3029,897,6868,110,5188,817,6827,466,3896,908,2608,847,9376,704,0057,640,7317,562,3799,200,5256,403,8716,225,3246,282,5678,891,1696,101,2397,526,8076,936,71213,861,9717,716,5799,779,5678,818,6656,445,9513,770,9107,502,86514,391,0538,303,7736,401,3124,960,80035,455,87613,066,08510,170,4669,659,9467,050,25220,705,80200026,644,03500023,091,85028,962,62322,927,57440,187,68118,229,83000021,445,95500021,738,12900018,909,72200017,501,75300018,333,03900015,672,82700022,579,297000
       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
0
0
0
8,980,360
33,775,840
19,667,490
20,934,024
24,103,498
24,768,281
10,365,168
9,635,700
7,698,176
12,103,425
13,202,501
13,505,730
17,601,389
18,285,930
18,674,614
16,739,386
22,115,648
19,531,055
19,955,887
19,515,176
34,030,706
28,136,222
26,837,857
26,124,383
28,693,672
24,843,705
23,789,937
28,811,800
24,604,154
23,172,619
18,551,222
20,283,615
23,003,114
21,957,000
14,699,000
16,490,000
25,015,000
16,300,000
13,498,000
5,902,000
6,250,000
7,989,000
4,169,000
16,676,000
14,067,000
15,356,000
12,817,000
9,767,000
9,860,000
7,435,000
6,493,000
6,866,000
9,140,000
5,023,000
1,122,000
3,130,000
4,360,000
5,843,000
5,401,000
2,591,000
4,387,000
6,048,000
5,947,000
7,312,000
7,278,000
5,948,000
5,640,000
3,344,000
6,027,000
6,316,000
6,031,000
1,223,000
246,000
193,000
164,000
178,000
239,000
211,000
173,000
160,000
186,000
185,000
210,000
200,000
212,000
196,000
238,000
213,000
227,000
157,000
163,000
167,000
83,000
92,000
98,000
93,000
91,000
97,000
95,000
89,000
89,00095,00097,00091,00093,00098,00092,00083,000167,000163,000157,000227,000213,000238,000196,000212,000200,000210,000185,000186,000160,000173,000211,000239,000178,000164,000193,000246,0001,223,0006,031,0006,316,0006,027,0003,344,0005,640,0005,948,0007,278,0007,312,0005,947,0006,048,0004,387,0002,591,0005,401,0005,843,0004,360,0003,130,0001,122,0005,023,0009,140,0006,866,0006,493,0007,435,0009,860,0009,767,00012,817,00015,356,00014,067,00016,676,0004,169,0007,989,0006,250,0005,902,00013,498,00016,300,00025,015,00016,490,00014,699,00021,957,00023,003,11420,283,61518,551,22223,172,61924,604,15428,811,80023,789,93724,843,70528,693,67226,124,38326,837,85728,136,22234,030,70619,515,17619,955,88719,531,05522,115,64816,739,38618,674,61418,285,93017,601,38913,505,73013,202,50112,103,4257,698,1769,635,70010,365,16824,768,28124,103,49820,934,02419,667,49033,775,8408,980,360000000000000000000000000000000000000000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
15,719,670
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
22,774,848
0
0
0
28,640,309
0
0
0
31,958,673
0
0
0
0
27,369,777
42,677,147
28,824,845
52,734,724
68,607,748
41,984,480
0
0
53,812,663
0
0
0
67,696,223
56,493,409
56,086,615
56,244,186
42,555,084
40,511,337
38,813,191
48,897,085
0
0
0
51,271,362
56,348,762
0
53,450,064
31,137,548
0
68,626,734
64,619,135
68,697,118
0
72,603,693
71,453,027
68,069,627
77,035,306
0
0
0
0
0
0
0
0
83,890,000
0
77,616,000
0
0
75,934,000
74,566,000
78,868,000
0
0
81,472,000
86,847,000
0
0
0
0
0
0
100,799,000
0
0
0
98,213,000
0
0
103,637,000
0
48,524,000
108,489,000
104,904,000
106,843,000
108,887,000
110,407,000
107,638,000
110,067,000
118,737,000
7,024,037
118,877,000
129,298,000
139,731,000
148,489,000
75,473,000
175,383,000
62,534,000
56,630,000
151,524,000
160,571,000
157,084,000
57,273,000
56,155,000
140,794,000
63,088,000
70,556,000
164,818,000
164,179,000
174,240,000
191,430,000
192,837,000
179,135,000
179,135,000192,837,000191,430,000174,240,000164,179,000164,818,00070,556,00063,088,000140,794,00056,155,00057,273,000157,084,000160,571,000151,524,00056,630,00062,534,000175,383,00075,473,000148,489,000139,731,000129,298,000118,877,0007,024,037118,737,000110,067,000107,638,000110,407,000108,887,000106,843,000104,904,000108,489,00048,524,0000103,637,0000098,213,000000100,799,00000000086,847,00081,472,0000078,868,00074,566,00075,934,0000077,616,000083,890,0000000000077,035,30668,069,62771,453,02772,603,693068,697,11864,619,13568,626,734031,137,54853,450,064056,348,76251,271,36200048,897,08538,813,19140,511,33742,555,08456,244,18656,086,61556,493,40967,696,22300053,812,6630041,984,48068,607,74852,734,72428,824,84542,677,14727,369,777000031,958,67300028,640,30900022,774,848000000000000000000015,719,67000000000000
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
-617
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-743
70,851,719
59,703,295
53,683,722
-663
0
0
0
688
0
0
0
0
14,532,937
10,983,095
31,254,330
7,174,141
821
8,480
0
0
8,664
0
0
0
10,375
10,759
10,673
10,478
12,222,098
12,222,098
12,222,098
-8,691
50,066,314
53,430,701
49,742,414
20,399,289
6,206,574
56,986,181
7,279
26,543,811
62,061,202
7,810
-7,742
857,920
71,836,038
7,210
-7,338
805,881
760,722
80,807,000
78,017,000
84,481,000
85,976,000
89,888,000
90,090,000
97,379,000
89,412,000
3,140,000
19,827,000
1,692,000
82,406,000
81,954,000
-1,000
3,000
134,000
80,161,000
82,850,000
9,343,000
9,132,000
102,676,000
96,575,000
83,453,000
81,316,000
88,897,000
84,163,000
1,000
89,387,000
93,863,000
94,790,000
1,000
104,284,000
105,013,000
2,000
101,905,000
101,939,000
-1,000
-1,000
-1,000
-1,000
-1,000
-1,000
1,000
-1,000
123,161,000
1,000
1,000
1,000
-1,000
146,298,000
-1,000
178,714,000
161,420,000
-1,000
1,000
1,000
122,103,000
121,605,000
1,000
137,725,000
153,801,000
2,000
180,979,000
1,000
718,000
263,000
11,960,000
11,960,000263,000718,0001,000180,979,0002,000153,801,000137,725,0001,000121,605,000122,103,0001,0001,000-1,000161,420,000178,714,000-1,000146,298,000-1,0001,0001,0001,000123,161,000-1,0001,000-1,000-1,000-1,000-1,000-1,000-1,000101,939,000101,905,0002,000105,013,000104,284,0001,00094,790,00093,863,00089,387,0001,00084,163,00088,897,00081,316,00083,453,00096,575,000102,676,0009,132,0009,343,00082,850,00080,161,000134,0003,000-1,00081,954,00082,406,0001,692,00019,827,0003,140,00089,412,00097,379,00090,090,00089,888,00085,976,00084,481,00078,017,00080,807,000760,722805,881-7,3387,21071,836,038857,920-7,7427,81062,061,20226,543,8117,27956,986,1816,206,57420,399,28949,742,41453,430,70150,066,314-8,69112,222,09812,222,09812,222,09810,47810,67310,75910,3750008,664008,4808217,174,14131,254,33010,983,09514,532,9370000688000-66353,683,72259,703,29570,851,719-7430000000000000000000-61700000000000
   > Long-term Assets 
0
0
0
26,375,949
0
0
0
38,071,784
0
0
0
44,094,975
0
0
0
48,677,225
0
0
0
53,249,696
0
0
0
55,212,458
0
0
0
64,272,852
0
0
0
44,892,450
74,676,064
65,447,021
62,560,929
61,982,096
0
0
0
59,333,841
0
0
0
72,464,350
49,572,785
72,245,851
92,163,795
99,457,476
71,127,701
79,601,760
95,576,598
105,751,740
98,675,321
99,329,106
105,904,557
104,777,552
144,958,103
147,177,648
149,261,905
146,121,725
143,895,245
136,828,568
138,158,760
136,835,355
133,546,763
130,412,146
130,767,658
104,224,695
106,490,951
105,910,902
105,233,226
102,932,999
108,000,774
114,518,470
115,016,951
116,573,798
116,920,311
116,778,750
122,094,635
123,675,416
146,819,327
155,104,000
154,847,000
162,487,000
159,626,000
162,670,000
175,065,000
196,381,000
196,146,000
188,541,000
44,330,000
177,320,000
172,894,000
176,225,000
166,173,000
170,868,000
164,545,000
169,418,000
178,710,000
180,585,000
179,333,000
184,454,000
182,457,000
185,991,000
182,546,000
187,456,000
185,040,000
181,217,000
181,618,000
189,792,000
195,832,000
205,594,000
215,150,000
207,513,000
206,909,000
203,478,000
203,726,000
210,673,000
216,530,000
218,615,000
215,558,000
211,327,000
206,755,000
213,455,000
225,792,000
234,336,000
232,145,000
239,989,000
251,285,000
253,461,000
261,595,000
242,650,000
248,279,000
237,000,000
235,692,000
230,705,000
245,351,000
244,539,000
250,479,000
260,352,000
268,468,000
287,053,000
303,593,000
305,217,000
311,160,000
329,291,000
328,706,000
330,435,000
330,435,000328,706,000329,291,000311,160,000305,217,000303,593,000287,053,000268,468,000260,352,000250,479,000244,539,000245,351,000230,705,000235,692,000237,000,000248,279,000242,650,000261,595,000253,461,000251,285,000239,989,000232,145,000234,336,000225,792,000213,455,000206,755,000211,327,000215,558,000218,615,000216,530,000210,673,000203,726,000203,478,000206,909,000207,513,000215,150,000205,594,000195,832,000189,792,000181,618,000181,217,000185,040,000187,456,000182,546,000185,991,000182,457,000184,454,000179,333,000180,585,000178,710,000169,418,000164,545,000170,868,000166,173,000176,225,000172,894,000177,320,00044,330,000188,541,000196,146,000196,381,000175,065,000162,670,000159,626,000162,487,000154,847,000155,104,000146,819,327123,675,416122,094,635116,778,750116,920,311116,573,798115,016,951114,518,470108,000,774102,932,999105,233,226105,910,902106,490,951104,224,695130,767,658130,412,146133,546,763136,835,355138,158,760136,828,568143,895,245146,121,725149,261,905147,177,648144,958,103104,777,552105,904,55799,329,10698,675,321105,751,74095,576,59879,601,76071,127,70199,457,47692,163,79572,245,85149,572,78572,464,35000059,333,84100061,982,09662,560,92965,447,02174,676,06444,892,45000064,272,85200055,212,45800053,249,69600048,677,22500044,094,97500038,071,78400026,375,949000
       Property Plant Equipment 
0
0
0
13,422,121
0
0
0
15,650,738
0
0
0
18,727,603
0
0
0
18,240,222
0
0
0
17,351,651
0
0
0
18,020,016
0
0
0
28,162,298
0
0
0
21,023,679
-23,980,094
30,260,145
-22,539,031
27,683,975
0
0
0
31,406,369
0
0
0
44,514,734
32,793,602
44,380,622
35,557,673
58,537,458
18,276,843
18,494,880
18,700,250
32,090,888
20,308,627
20,663,773
22,306,383
36,710,591
32,919,558
33,566,832
33,801,391
60,309,526
32,565,165
30,922,176
31,006,906
54,442,115
52,743,160
50,945,366
50,509,948
51,796,079
31,062,999
31,066,296
31,103,381
51,023,770
51,610,426
55,091,952
54,733,112
55,804,493
35,038,744
54,304,967
54,574,937
54,717,954
66,524,781
66,726,000
45,585,000
69,712,000
47,078,000
47,923,000
50,071,000
57,270,000
57,657,000
56,089,000
18,917,000
75,668,000
73,146,000
74,563,000
70,410,000
73,889,000
52,235,000
74,062,000
77,759,000
78,462,000
77,335,000
81,205,000
80,793,000
83,272,000
81,197,000
83,086,000
82,653,000
77,578,000
77,653,000
81,277,000
82,709,000
86,135,000
87,951,000
86,569,000
86,883,000
85,868,000
84,702,000
86,923,000
88,970,000
90,532,000
90,117,000
87,783,000
86,956,000
90,482,000
96,448,000
98,256,000
96,616,000
98,749,000
105,965,000
105,884,000
108,726,000
96,759,000
97,516,000
90,898,000
89,352,000
87,015,000
89,310,000
88,677,000
89,925,000
94,317,000
96,124,000
100,505,000
105,044,000
106,627,000
107,093,000
111,773,000
111,598,000
110,306,000
110,306,000111,598,000111,773,000107,093,000106,627,000105,044,000100,505,00096,124,00094,317,00089,925,00088,677,00089,310,00087,015,00089,352,00090,898,00097,516,00096,759,000108,726,000105,884,000105,965,00098,749,00096,616,00098,256,00096,448,00090,482,00086,956,00087,783,00090,117,00090,532,00088,970,00086,923,00084,702,00085,868,00086,883,00086,569,00087,951,00086,135,00082,709,00081,277,00077,653,00077,578,00082,653,00083,086,00081,197,00083,272,00080,793,00081,205,00077,335,00078,462,00077,759,00074,062,00052,235,00073,889,00070,410,00074,563,00073,146,00075,668,00018,917,00056,089,00057,657,00057,270,00050,071,00047,923,00047,078,00069,712,00045,585,00066,726,00066,524,78154,717,95454,574,93754,304,96735,038,74455,804,49354,733,11255,091,95251,610,42651,023,77031,103,38131,066,29631,062,99951,796,07950,509,94850,945,36652,743,16054,442,11531,006,90630,922,17632,565,16560,309,52633,801,39133,566,83232,919,55836,710,59122,306,38320,663,77320,308,62732,090,88818,700,25018,494,88018,276,84358,537,45835,557,67344,380,62232,793,60244,514,73400031,406,36900027,683,975-22,539,03130,260,145-23,980,09421,023,67900028,162,29800018,020,01600017,351,65100018,240,22200018,727,60300015,650,73800013,422,121000
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,823,714
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
23,338,000
0
0
0
19,954,000
0
0
0
21,494,000
0
0
0
22,088,000
23,366,000
23,366,000
23,366,000
23,367,000
0
0
0
22,782,000
0
0
0
24,135,000
0
0
0
22,981,000
0
0
0
22,228,000
0
0
0
23,924,000
0
0
0
25,636,000
0
0
0
24,861,000
24,861,00000025,636,00000023,924,00000022,228,00000022,981,00000024,135,00000022,782,00000023,367,00023,366,00023,366,00023,366,00022,088,00000021,494,00000019,954,00000023,338,000000000000000000000000008,823,7140000000000000000000000000000000000000000000000000000000000000000000000000000000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,063,000
12,017,000
12,187,000
14,057,000
12,749,000
12,493,000
1,316,508
1,704,561
1,382,470
1,318,053
1,296,042
1,523,735
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000001,523,7351,296,0421,318,0531,382,4701,704,5611,316,50812,493,00012,749,00014,057,00012,187,00012,017,00012,063,00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
351,510
0
0
0
297,589
0
0
0
426,006
0
0
0
316,246
0
0
0
375,587
0
0
0
297,647
0
0
0
2,284,624
0
0
0
3,388,712
0
0
0
5,574,306
0
0
0
2,275,246
0
0
0
3,300,154
3,350,551
3,290,294
5,086,413
5,782,459
6,037,541
6,580,480
6,316,136
6,617,468
6,861,959
6,779,059
7,097,046
6,977,576
15,085,105
15,793,625
16,073,538
17,518,681
17,383,318
17,003,992
17,042,671
17,078,346
16,753,511
16,462,346
16,800,469
16,740,642
16,796,918
16,738,986
16,690,862
16,717,208
18,101,478
18,900,273
19,284,326
20,407,365
20,799,148
20,879,870
19,182,316
10,237,421
30,421,897
0
0
36,508,000
35,501,000
35,203,000
38,792,000
43,958,000
44,107,000
42,901,000
10,407,000
41,628,000
41,175,000
42,513,000
40,112,000
40,714,000
39,558,000
40,552,000
42,247,000
39,507,000
38,768,000
0
0
17,035,000
0
0
0
16,634,000
0
0
0
15,621,000
0
0
0
14,328,000
0
0
0
14,551,000
36,983,000
35,706,000
4,286,361
13,112,000
4,321,397
4,148,346
4,135,059
13,969,000
0
0
0
13,686,000
0
0
0
12,350,000
0
0
0
13,145,000
0
0
41,265,000
15,908,000
42,202,000
43,429,000
43,393,000
17,651,000
17,651,00043,393,00043,429,00042,202,00015,908,00041,265,0000013,145,00000012,350,00000013,686,00000013,969,0004,135,0594,148,3464,321,39713,112,0004,286,36135,706,00036,983,00014,551,00000014,328,00000015,621,00000016,634,00000017,035,0000038,768,00039,507,00042,247,00040,552,00039,558,00040,714,00040,112,00042,513,00041,175,00041,628,00010,407,00042,901,00044,107,00043,958,00038,792,00035,203,00035,501,00036,508,0000030,421,89710,237,42119,182,31620,879,87020,799,14820,407,36519,284,32618,900,27318,101,47816,717,20816,690,86216,738,98616,796,91816,740,64216,800,46916,462,34616,753,51117,078,34617,042,67117,003,99217,383,31817,518,68116,073,53815,793,62515,085,1056,977,5767,097,0466,779,0596,861,9596,617,4686,316,1366,580,4806,037,5415,782,4595,086,4133,290,2943,350,5513,300,1540002,275,2460005,574,3060003,388,7120002,284,624000297,647000375,587000316,246000426,006000297,589000351,510000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1,000
1,000
2,248,565
3,189,681
2,646,726
1,000
2,589,400
-1,000
288,552
24,068,000
1,000
23,058,000
1,000
25,044,000
25,416,000
20,633,000
-1,000
1,000
22,914,000
21,004,000
-1,000
27,665,000
30,725,000
22,776,000
1,000
30,844,000
29,733,000
0
029,733,00030,844,0001,00022,776,00030,725,00027,665,000-1,00021,004,00022,914,0001,000-1,00020,633,00025,416,00025,044,0001,00023,058,0001,00024,068,000288,552-1,0002,589,4001,0002,646,7263,189,6812,248,5651,000-1,000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
> Total Liabilities 
0
0
0
66,038,734
0
0
0
72,304,361
0
0
0
60,054,466
0
0
0
66,490,178
0
0
0
68,370,117
0
0
0
83,282,479
0
0
0
100,761,815
0
0
0
70,395,794
127,071,579
100,634,625
94,326,297
86,093,902
0
0
0
82,727,329
0
0
0
102,473,186
64,848,064
102,164,519
128,438,429
135,616,089
110,211,192
86,258,560
83,355,465
97,277,633
114,391,980
112,384,091
115,621,902
112,619,018
174,526,568
171,857,876
173,254,809
175,270,631
171,268,260
165,351,689
164,529,466
161,040,542
165,052,483
163,760,384
159,887,438
158,479,040
164,534,469
160,094,730
153,114,817
154,269,675
166,865,933
179,396,389
172,738,321
178,248,684
177,660,358
179,447,201
173,814,974
170,744,330
209,617,269
239,366,000
224,102,000
238,866,000
244,119,000
250,543,000
265,203,000
287,779,000
283,572,000
282,561,000
66,307,750
265,231,000
260,145,000
265,742,000
238,607,000
243,886,000
239,175,000
243,772,000
258,121,000
267,563,000
271,122,000
278,780,000
261,551,000
251,828,000
258,295,000
274,015,000
263,859,000
267,464,000
262,188,000
273,287,000
279,744,000
302,848,000
321,186,000
306,401,000
300,085,000
288,554,000
285,894,000
303,405,000
308,723,000
301,152,000
305,106,000
299,251,000
290,421,000
303,484,000
327,746,000
340,479,000
330,124,000
348,833,000
379,951,000
386,397,000
387,076,000
383,160,000
400,918,000
380,215,000
378,736,000
362,679,000
366,563,000
370,817,000
338,486,000
371,738,000
394,714,000
418,152,000
451,962,000
462,829,000
475,771,000
512,835,000
502,927,000
501,069,000
501,069,000502,927,000512,835,000475,771,000462,829,000451,962,000418,152,000394,714,000371,738,000338,486,000370,817,000366,563,000362,679,000378,736,000380,215,000400,918,000383,160,000387,076,000386,397,000379,951,000348,833,000330,124,000340,479,000327,746,000303,484,000290,421,000299,251,000305,106,000301,152,000308,723,000303,405,000285,894,000288,554,000300,085,000306,401,000321,186,000302,848,000279,744,000273,287,000262,188,000267,464,000263,859,000274,015,000258,295,000251,828,000261,551,000278,780,000271,122,000267,563,000258,121,000243,772,000239,175,000243,886,000238,607,000265,742,000260,145,000265,231,00066,307,750282,561,000283,572,000287,779,000265,203,000250,543,000244,119,000238,866,000224,102,000239,366,000209,617,269170,744,330173,814,974179,447,201177,660,358178,248,684172,738,321179,396,389166,865,933154,269,675153,114,817160,094,730164,534,469158,479,040159,887,438163,760,384165,052,483161,040,542164,529,466165,351,689171,268,260175,270,631173,254,809171,857,876174,526,568112,619,018115,621,902112,384,091114,391,98097,277,63383,355,46586,258,560110,211,192135,616,089128,438,429102,164,51964,848,064102,473,18600082,727,32900086,093,90294,326,297100,634,625127,071,57970,395,794000100,761,81500083,282,47900068,370,11700066,490,17800060,054,46600072,304,36100066,038,734000
   > Total Current Liabilities 
0
0
0
31,482,668
0
0
0
34,589,684
0
0
0
42,527,817
0
0
0
48,481,533
0
0
0
48,110,179
0
0
0
59,325,784
0
0
0
74,973,325
0
0
0
53,842,868
95,741,284
73,724,016
69,046,866
59,219,133
0
0
0
58,409,437
0
0
0
56,155,045
37,619,229
37,868,747
45,795,821
81,438,589
28,461,755
31,545,600
0
47,855,281
30,679,543
31,264,880
32,671,551
53,959,917
58,804,933
59,839,333
61,583,210
88,106,811
58,546,683
58,593,723
57,173,618
74,770,996
54,803,572
53,838,264
51,199,953
76,910,637
57,990,793
61,501,500
57,460,821
79,664,722
87,148,719
72,219,347
67,615,134
108,217,025
0
0
0
105,611,388
128,359,607
142,214,000
129,677,000
140,935,000
145,108,000
148,649,000
159,570,000
166,140,000
150,907,000
143,114,000
33,017,000
132,068,000
130,157,000
135,616,000
121,790,000
132,593,000
132,427,000
137,009,000
147,815,000
153,210,000
155,453,000
163,674,000
156,560,000
142,081,000
138,043,000
155,210,000
147,583,000
151,620,000
139,222,000
152,258,000
146,677,000
148,868,000
171,326,000
173,213,000
169,410,000
170,035,000
161,885,000
179,217,000
175,757,000
166,535,000
172,124,000
168,404,000
171,725,000
178,123,000
189,133,000
191,256,000
180,805,000
193,473,000
204,577,000
210,236,000
202,804,000
206,317,000
220,424,000
204,445,000
204,422,000
203,476,000
214,729,000
219,885,000
177,345,000
202,410,000
210,241,000
227,136,000
247,505,000
252,098,000
266,003,000
297,999,000
293,090,000
284,361,000
284,361,000293,090,000297,999,000266,003,000252,098,000247,505,000227,136,000210,241,000202,410,000177,345,000219,885,000214,729,000203,476,000204,422,000204,445,000220,424,000206,317,000202,804,000210,236,000204,577,000193,473,000180,805,000191,256,000189,133,000178,123,000171,725,000168,404,000172,124,000166,535,000175,757,000179,217,000161,885,000170,035,000169,410,000173,213,000171,326,000148,868,000146,677,000152,258,000139,222,000151,620,000147,583,000155,210,000138,043,000142,081,000156,560,000163,674,000155,453,000153,210,000147,815,000137,009,000132,427,000132,593,000121,790,000135,616,000130,157,000132,068,00033,017,000143,114,000150,907,000166,140,000159,570,000148,649,000145,108,000140,935,000129,677,000142,214,000128,359,607105,611,388000108,217,02567,615,13472,219,34787,148,71979,664,72257,460,82161,501,50057,990,79376,910,63751,199,95353,838,26454,803,57274,770,99657,173,61858,593,72358,546,68388,106,81161,583,21059,839,33358,804,93353,959,91732,671,55131,264,88030,679,54347,855,281031,545,60028,461,75581,438,58945,795,82137,868,74737,619,22956,155,04500058,409,43700059,219,13369,046,86673,724,01695,741,28453,842,86800074,973,32500059,325,78400048,110,17900048,481,53300042,527,81700034,589,68400031,482,668000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
19,750,386
0
0
0
24,504,585
0
0
0
0
0
0
0
28,789,747
0
0
0
0
0
0
0
0
29,063,989
21,478,536
19,992,592
0
0
0
0
0
0
0
0
18,373,291
0
0
0
38,906,295
0
0
0
21,104,358
0
0
0
26,011,642
0
0
0
36,797,612
0
0
0
26,073,810
0
0
0
27,393,125
0
0
0
21,537,304
0
0
0
31,306,122
0
0
0
28,164,858
38,008,179
47,502,000
42,558,000
44,872,000
47,970,000
46,507,000
59,072,000
62,631,000
64,929,000
63,918,000
0
51,626,000
49,332,000
45,059,000
38,508,000
39,601,000
39,739,000
38,990,000
44,275,000
49,238,000
48,286,000
54,076,000
59,482,000
50,317,000
50,481,000
56,748,000
56,053,000
51,552,000
41,705,000
50,589,000
47,046,000
39,954,000
58,338,000
56,395,000
62,751,000
57,331,000
57,910,000
66,438,000
63,636,000
56,496,000
57,828,000
48,690,000
57,164,000
53,771,000
53,398,000
47,763,000
45,087,000
48,238,000
50,556,000
53,139,000
55,258,000
55,768,000
66,435,000
69,170,000
67,439,000
58,028,000
57,907,000
56,545,000
44,845,000
49,191,000
59,404,000
65,608,000
76,942,000
70,655,000
81,788,000
98,225,000
104,025,000
98,289,000
98,289,000104,025,00098,225,00081,788,00070,655,00076,942,00065,608,00059,404,00049,191,00044,845,00056,545,00057,907,00058,028,00067,439,00069,170,00066,435,00055,768,00055,258,00053,139,00050,556,00048,238,00045,087,00047,763,00053,398,00053,771,00057,164,00048,690,00057,828,00056,496,00063,636,00066,438,00057,910,00057,331,00062,751,00056,395,00058,338,00039,954,00047,046,00050,589,00041,705,00051,552,00056,053,00056,748,00050,481,00050,317,00059,482,00054,076,00048,286,00049,238,00044,275,00038,990,00039,739,00039,601,00038,508,00045,059,00049,332,00051,626,000063,918,00064,929,00062,631,00059,072,00046,507,00047,970,00044,872,00042,558,00047,502,00038,008,17928,164,85800031,306,12200021,537,30400027,393,12500026,073,81000036,797,61200026,011,64200021,104,35800038,906,29500018,373,2910000000019,992,59221,478,53629,063,9890000000028,789,747000000024,504,58500019,750,38600000000000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
136,946,000
142,554,000
144,155,000
141,465,000
141,661,000
131,352,000
15,650,482
5,144,404
6,363,344
5,327,422
5,040,075
4,651,284
50,556,000
53,139,000
55,258,000
54,013,000
66,435,000
69,170,000
67,439,000
56,476,000
57,907,000
56,545,000
44,845,000
47,559,000
59,404,000
65,608,000
76,942,000
68,878,000
81,788,000
98,225,000
104,025,000
95,372,000
95,372,000104,025,00098,225,00081,788,00068,878,00076,942,00065,608,00059,404,00047,559,00044,845,00056,545,00057,907,00056,476,00067,439,00069,170,00066,435,00054,013,00055,258,00053,139,00050,556,0004,651,2845,040,0755,327,4226,363,3445,144,40415,650,482131,352,000141,661,000141,465,000144,155,000142,554,000136,946,00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,439,581
0
0
0
6,760,334
0
0
0
11,150,563
0
0
0
9,748,767
0
0
0
12,585,433
0
0
0
11,952,606
0
0
0
15,332,924
0
0
0
16,329,566
0
0
0
11,446,431
0
0
0
11,458,413
0
0
0
23,103,284
5,564,586
5,564,586
5,564,586
22,258,342
0
0
0
24,503,585
0
0
0
31,017,712
0
0
0
35,667,213
0
0
0
37,972,020
45,636,335
48,129,000
44,784,000
52,663,000
51,382,000
54,481,000
50,017,000
51,025,000
34,948,000
30,184,000
8,988,750
35,955,000
36,920,000
44,795,000
37,898,000
47,250,000
46,725,000
50,174,000
53,223,000
56,788,000
56,496,000
56,092,000
47,317,000
47,364,000
44,578,000
52,282,000
46,281,000
53,901,000
50,057,000
51,268,000
49,220,000
56,647,000
57,315,000
59,889,000
51,352,000
55,648,000
45,932,000
50,978,000
50,160,000
55,264,000
56,963,000
61,370,000
56,531,000
65,346,000
71,773,000
76,228,000
67,897,000
73,630,000
78,271,000
78,988,000
67,547,000
66,866,000
65,197,000
48,309,000
53,771,000
59,611,000
71,442,000
71,901,000
60,092,000
76,745,000
72,826,000
76,292,000
80,655,000
90,177,000
92,231,000
95,641,000
84,968,000
82,987,000
82,987,00084,968,00095,641,00092,231,00090,177,00080,655,00076,292,00072,826,00076,745,00060,092,00071,901,00071,442,00059,611,00053,771,00048,309,00065,197,00066,866,00067,547,00078,988,00078,271,00073,630,00067,897,00076,228,00071,773,00065,346,00056,531,00061,370,00056,963,00055,264,00050,160,00050,978,00045,932,00055,648,00051,352,00059,889,00057,315,00056,647,00049,220,00051,268,00050,057,00053,901,00046,281,00052,282,00044,578,00047,364,00047,317,00056,092,00056,496,00056,788,00053,223,00050,174,00046,725,00047,250,00037,898,00044,795,00036,920,00035,955,0008,988,75030,184,00034,948,00051,025,00050,017,00054,481,00051,382,00052,663,00044,784,00048,129,00045,636,33537,972,02000035,667,21300031,017,71200024,503,58500022,258,3425,564,5865,564,5865,564,58623,103,28400011,458,41300011,446,43100016,329,56600015,332,92400011,952,60600012,585,4330009,748,76700011,150,5630006,760,3340006,439,5810000000000000000000
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
22,777,431
0
0
0
23,976,948
0
0
0
41,670,598
0
0
0
23,775,703
0
0
0
63,822,762
0
0
0
44,094,101
66,677,295
52,245,480
49,054,274
46,633,700
0
0
0
46,456,831
0
0
0
22,448,830
0
0
0
26,202,728
0
0
0
15,304,492
0
0
0
16,489,862
0
0
0
28,205,915
52,982,098
53,029,138
51,609,033
26,438,843
54,803,572
53,838,264
51,199,953
25,013,927
57,990,793
61,501,500
57,460,821
27,109,706
87,148,719
72,219,347
67,615,134
41,243,690
0
0
0
39,474,510
44,715,094
31,995,000
30,746,000
32,293,000
33,246,000
33,943,000
35,905,000
39,530,000
39,276,000
38,015,000
24,028,250
34,377,000
43,905,000
35,319,000
34,968,000
35,341,000
35,080,000
36,150,000
37,933,000
35,262,000
34,455,000
36,330,000
33,228,000
6,154,000
32,343,000
33,136,000
32,333,000
6,678,000
34,113,000
36,051,000
35,472,000
7,632,000
39,587,000
40,055,000
38,155,000
7,112,000
41,994,000
42,298,000
47,273,000
6,561,000
40,685,000
39,549,000
39,162,000
6,293,000
50,870,000
51,795,000
51,661,000
10,110,000
57,856,000
57,886,000
58,753,000
10,295,000
58,249,000
56,074,000
53,964,000
10,480,000
56,758,000
75,671,000
56,074,000
12,063,000
78,011,000
85,236,000
89,908,000
75,247,000
91,984,000
74,491,000
73,429,000
89,795,000
89,795,00073,429,00074,491,00091,984,00075,247,00089,908,00085,236,00078,011,00012,063,00056,074,00075,671,00056,758,00010,480,00053,964,00056,074,00058,249,00010,295,00058,753,00057,886,00057,856,00010,110,00051,661,00051,795,00050,870,0006,293,00039,162,00039,549,00040,685,0006,561,00047,273,00042,298,00041,994,0007,112,00038,155,00040,055,00039,587,0007,632,00035,472,00036,051,00034,113,0006,678,00032,333,00033,136,00032,343,0006,154,00033,228,00036,330,00034,455,00035,262,00037,933,00036,150,00035,080,00035,341,00034,968,00035,319,00043,905,00034,377,00024,028,25038,015,00039,276,00039,530,00035,905,00033,943,00033,246,00032,293,00030,746,00031,995,00044,715,09439,474,51000041,243,69067,615,13472,219,34787,148,71927,109,70657,460,82161,501,50057,990,79325,013,92751,199,95353,838,26454,803,57226,438,84351,609,03353,029,13852,982,09828,205,91500016,489,86200015,304,49200026,202,72800022,448,83000046,456,83100046,633,70049,054,27452,245,48066,677,29544,094,10100063,822,76200023,775,70300041,670,59800023,976,94800022,777,43100000000000
   > Long-term Liabilities 
0
0
0
34,556,066
0
0
0
37,714,677
0
0
0
17,526,649
0
0
0
18,008,644
0
0
0
20,259,938
0
0
0
23,956,695
0
0
0
25,788,490
0
0
0
16,552,926
31,330,295
26,910,609
25,279,431
26,874,770
0
0
0
24,317,892
0
0
0
46,318,141
27,228,836
64,295,771
82,642,608
54,177,500
81,749,438
54,712,960
83,355,465
49,422,352
83,712,438
81,119,211
82,950,351
58,659,101
115,721,635
112,018,543
111,671,599
87,163,820
112,721,577
106,757,965
107,355,847
86,269,546
110,248,911
109,922,120
108,687,485
81,568,403
106,543,676
98,593,230
95,653,996
74,604,954
79,717,214
107,177,042
105,123,186
70,031,659
177,660,358
179,447,201
173,814,974
65,132,942
81,257,661
97,152,000
94,425,000
97,931,000
99,011,000
101,894,000
105,633,000
121,639,000
132,665,000
139,447,000
33,290,750
133,163,000
129,988,000
130,126,000
116,817,000
111,293,000
106,748,000
106,763,000
110,306,000
114,353,000
115,669,000
115,106,000
104,991,000
109,747,000
120,252,000
118,805,000
116,276,000
115,844,000
122,966,000
121,029,000
133,067,000
153,980,000
149,860,000
133,188,000
130,675,000
118,519,000
124,009,000
124,188,000
132,966,000
134,617,000
132,982,000
130,847,000
118,696,000
125,361,000
138,613,000
149,223,000
149,319,000
155,360,000
175,374,000
176,161,000
184,272,000
176,843,000
180,494,000
175,770,000
174,314,000
159,203,000
151,834,000
150,932,000
161,141,000
169,328,000
184,473,000
191,016,000
204,457,000
210,731,000
209,768,000
214,836,000
209,837,000
216,708,000
216,708,000209,837,000214,836,000209,768,000210,731,000204,457,000191,016,000184,473,000169,328,000161,141,000150,932,000151,834,000159,203,000174,314,000175,770,000180,494,000176,843,000184,272,000176,161,000175,374,000155,360,000149,319,000149,223,000138,613,000125,361,000118,696,000130,847,000132,982,000134,617,000132,966,000124,188,000124,009,000118,519,000130,675,000133,188,000149,860,000153,980,000133,067,000121,029,000122,966,000115,844,000116,276,000118,805,000120,252,000109,747,000104,991,000115,106,000115,669,000114,353,000110,306,000106,763,000106,748,000111,293,000116,817,000130,126,000129,988,000133,163,00033,290,750139,447,000132,665,000121,639,000105,633,000101,894,00099,011,00097,931,00094,425,00097,152,00081,257,66165,132,942173,814,974179,447,201177,660,35870,031,659105,123,186107,177,04279,717,21474,604,95495,653,99698,593,230106,543,67681,568,403108,687,485109,922,120110,248,91186,269,546107,355,847106,757,965112,721,57787,163,820111,671,599112,018,543115,721,63558,659,10182,950,35181,119,21183,712,43849,422,35283,355,46554,712,96081,749,43854,177,50082,642,60864,295,77127,228,83646,318,14100024,317,89200026,874,77025,279,43126,910,60931,330,29516,552,92600025,788,49000023,956,69500020,259,93800018,008,64400017,526,64900037,714,67700034,556,066000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
45,859,000
44,995,000
5,505,441
5,968,523
6,647,322
6,562,936
6,488,704
7,362,970
806,977
69,705,000
73,429,000
71,972,000
71,098,000
68,012,000
67,942,000
61,147,000
60,542,000
60,495,000
61,935,000
62,835,000
62,350,000
61,967,000
67,066,000
66,616,000
71,166,000
98,184,000
72,723,000
0
072,723,00098,184,00071,166,00066,616,00067,066,00061,967,00062,350,00062,835,00061,935,00060,495,00060,542,00061,147,00067,942,00068,012,00071,098,00071,972,00073,429,00069,705,000806,9777,362,9706,488,7046,562,9366,647,3225,968,5235,505,44144,995,00045,859,000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,164,000
12,164,000
12,164,000
12,164,000
0
0
0
1,355,042
0
0
0
1,364,709
0
0
0
12,899,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000012,899,0000001,364,7090001,355,04200012,164,00012,164,00012,164,00012,164,00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
0
0
0
12,308,622
0
0
0
14,872,711
0
0
0
37,359,647
0
0
0
35,124,622
0
0
0
34,099,242
0
0
0
29,691,172
0
0
0
27,093,751
0
0
0
32,308,988
57,732,941
46,652,483
50,279,003
50,728,771
0
0
0
57,839,937
0
0
0
60,731,883
61,963,579
60,548,447
64,443,117
68,108,927
95,405,135
94,704,640
95,430,816
97,592,751
99,108,526
97,704,956
88,055,583
88,980,701
90,054,132
88,166,727
87,283,794
85,152,105
83,448,235
79,956,304
80,057,902
78,438,712
76,674,335
75,247,305
75,784,304
72,353,502
75,292,371
67,684,707
68,859,813
69,871,407
72,222,070
72,039,717
75,085,778
78,451,981
83,585,650
80,613,892
84,625,276
86,652,696
91,516,938
75,359,000
77,902,000
82,202,000
84,705,000
78,745,000
81,665,000
84,010,000
80,594,000
72,007,000
16,758,500
66,405,000
66,760,000
70,935,000
69,667,000
73,110,000
74,738,000
76,072,000
80,636,000
84,581,000
87,295,000
86,120,000
84,757,000
85,648,000
74,724,000
73,404,000
74,796,000
76,032,000
76,922,000
76,370,000
79,438,000
78,325,000
80,450,000
79,496,000
80,257,000
83,810,000
86,661,000
84,003,000
86,883,000
96,061,000
101,397,000
98,462,000
101,007,000
107,069,000
114,373,000
116,313,000
121,718,000
123,378,000
136,579,000
126,654,000
134,862,000
138,594,000
146,577,000
137,818,000
141,611,000
145,295,000
161,702,000
120,743,000
129,433,000
141,045,000
154,478,000
152,095,000
164,949,000
162,716,000
175,095,000
162,194,000
173,927,000
177,791,000
177,791,000173,927,000162,194,000175,095,000162,716,000164,949,000152,095,000154,478,000141,045,000129,433,000120,743,000161,702,000145,295,000141,611,000137,818,000146,577,000138,594,000134,862,000126,654,000136,579,000123,378,000121,718,000116,313,000114,373,000107,069,000101,007,00098,462,000101,397,00096,061,00086,883,00084,003,00086,661,00083,810,00080,257,00079,496,00080,450,00078,325,00079,438,00076,370,00076,922,00076,032,00074,796,00073,404,00074,724,00085,648,00084,757,00086,120,00087,295,00084,581,00080,636,00076,072,00074,738,00073,110,00069,667,00070,935,00066,760,00066,405,00016,758,50072,007,00080,594,00084,010,00081,665,00078,745,00084,705,00082,202,00077,902,00075,359,00091,516,93886,652,69684,625,27680,613,89283,585,65078,451,98175,085,77872,039,71772,222,07069,871,40768,859,81367,684,70775,292,37172,353,50275,784,30475,247,30576,674,33578,438,71280,057,90279,956,30483,448,23585,152,10587,283,79488,166,72790,054,13288,980,70188,055,58397,704,95699,108,52697,592,75195,430,81694,704,64095,405,13568,108,92764,443,11760,548,44761,963,57960,731,88300057,839,93700050,728,77150,279,00346,652,48357,732,94132,308,98800027,093,75100029,691,17200034,099,24200035,124,62200037,359,64700014,872,71100012,308,622000
   Common Stock
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,648,691
0
0
0
2,667,617
0
0
0
2,650,853
662,709
662,709
662,709
2,650,837
0
0
0
2,645,151
0
0
0
2,669,694
0
0
0
2,549,928
0
0
0
2,547,404
0
0
0
0
84,705,000
78,745,000
81,665,000
2,554,000
80,594,000
72,007,000
638,500
2,554,000
0
0
0
2,554,000
0
0
0
2,554,000
0
0
0
0
0
0
0
2,554,000
0
0
0
2,554,000
0
0
0
2,554,000
86,661,000
84,003,000
86,883,000
2,554,000
101,397,000
98,462,000
12,363,007
2,554,000
13,629,625
12,973,398
13,606,314
2,554,000
1,585,090
126,654,000
134,862,000
2,554,000
146,577,000
137,818,000
141,611,000
2,562,000
161,702,000
120,743,000
129,433,000
2,562,000
154,478,000
152,095,000
164,949,000
2,562,000
175,095,000
162,194,000
173,927,000
2,562,000
2,562,000173,927,000162,194,000175,095,0002,562,000164,949,000152,095,000154,478,0002,562,000129,433,000120,743,000161,702,0002,562,000141,611,000137,818,000146,577,0002,554,000134,862,000126,654,0001,585,0902,554,00013,606,31412,973,39813,629,6252,554,00012,363,00798,462,000101,397,0002,554,00086,883,00084,003,00086,661,0002,554,0000002,554,0000002,554,00000000002,554,0000002,554,0000002,554,000638,50072,007,00080,594,0002,554,00081,665,00078,745,00084,705,00000002,547,4040002,549,9280002,669,6940002,645,1510002,650,837662,709662,709662,7092,650,8530002,667,6170002,648,691000000000000000000000000000000000000000000000000000
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-11,633,265
-11,633,265
-11,633,265
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-18,563,500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,630,000
-11,633,265
0
0
9,615,000
9,615,00000-11,633,26512,630,0000000000000000000000000000000000000000000000000000000-18,563,500000000000000000000000000000-11,633,265-11,633,265-11,633,265000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
4,200,194
0
0
0
4,722,158
0
0
0
28,311,189
0
0
0
22,683,367
0
0
0
16,383,150
0
0
0
15,013,852
0
0
0
13,469,360
0
0
0
21,464,070
46,970,384
-59,687,275
40,163,213
36,595,840
0
0
0
42,943,543
0
0
0
41,514,884
41,011,422
35,159,328
33,858,529
59,464,435
85,793,350
15,883,040
85,631,469
12,536,568
14,009,834
12,242,910
-5,927,097
13,907,685
11,723,637
8,929,638
10,256,753
12,290,319
25,581,266
32,626,151
31,536,739
14,123,314
0
0
17,932,388
12,758,540
13,369,744
3,313,237
5,328,265
10,798,611
9,064,881
-1,273,035
-557,395
15,966,837
0
0
0
1,659,569
0
0
0
4,700,000
0
0
0
5,078,000
0
0
20,279,500
6,235,000
0
0
0
2,386,000
0
0
0
1,186,000
0
0
0
0
0
0
0
-3,403,000
0
0
0
5,665,000
0
0
0
-674,000
0
0
0
4,829,000
0
0
0
2,250,000
0
0
0
4,468,000
0
0
0
7,036,000
0
0
0
-2,548,000
0
0
0
2,309,000
0
0
0
12,630,000
0
0
0
0
000012,630,0000002,309,000000-2,548,0000007,036,0000004,468,0000002,250,0000004,829,000000-674,0000005,665,000000-3,403,00000000001,186,0000002,386,0000006,235,00020,279,500005,078,0000004,700,0000001,659,56900015,966,837-557,395-1,273,0359,064,88110,798,6115,328,2653,313,23713,369,74412,758,54017,932,3880014,123,31431,536,73932,626,15125,581,26612,290,31910,256,7538,929,63811,723,63713,907,685-5,927,09712,242,91014,009,83412,536,56885,631,46915,883,04085,793,35059,464,43533,858,52935,159,32841,011,42241,514,88400042,943,54300036,595,84040,163,213-59,687,27546,970,38421,464,07000013,469,36000015,013,85200016,383,15000022,683,36700028,311,1890004,722,1580004,200,194000



Balance Sheet

Currency in SEK. All numbers in thousands.




Cash Flow

Currency in SEK. All numbers in thousands.




Income Statement

Currency in SEK. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue552,764,000
Cost of Revenue-403,443,000
Gross Profit149,321,000149,321,000
 
Operating Income (+$)
Gross Profit149,321,000
Operating Expense-69,142,000
Operating Income80,179,00080,179,000
 
Operating Expense (+$)
Research Development26,645,000
Selling General Administrative7,356,000
Selling And Marketing Expenses33,675,000
Operating Expense69,142,00067,676,000
 
Net Interest Income (+$)
Interest Income2,253,000
Interest Expense-1,167,000
Other Finance Cost-1,941,000
Net Interest Income-855,000
 
Pretax Income (+$)
Operating Income80,179,000
Net Interest Income-855,000
Other Non-Operating Income Expenses-
Income Before Tax (EBT)69,294,00091,064,000
EBIT - interestExpense = 79,012,000
66,619,000
50,992,000
Interest Expense1,167,000
Earnings Before Interest and Taxes (EBIT)80,179,00070,461,000
Earnings Before Interest and Taxes (EBITDA)98,532,000
 
After tax Income (+$)
Income Before Tax69,294,000
Tax Provision-15,726,000
Net Income From Continuing Ops44,537,00053,568,000
Net Income49,825,000
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses472,585,000
Total Other Income/Expenses Net-10,885,000855,000
 

Technical Analysis of Volvo AB ser. B
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Volvo AB ser. B. The general trend of Volvo AB ser. B is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Volvo AB ser. B's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Volvo AB ser. B.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: .

The bearish price targets are: 29.20 > 26.58 > 24.36.

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Volvo AB ser. B Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Volvo AB ser. B. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Volvo AB ser. B Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Volvo AB ser. B. The current macd is 0.92196785.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Volvo AB ser. B price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Volvo AB ser. B. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Volvo AB ser. B price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Volvo AB ser. B Daily Moving Average Convergence/Divergence (MACD) ChartVolvo AB ser. B Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Volvo AB ser. B. The current adx is 60.03.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Volvo AB ser. B shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Volvo AB ser. B Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Volvo AB ser. B. The current sar is 29.24.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Volvo AB ser. B Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Volvo AB ser. B. The current rsi is 79.16. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
Volvo AB ser. B Daily Relative Strength Index (RSI) ChartVolvo AB ser. B Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Volvo AB ser. B. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Volvo AB ser. B price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Volvo AB ser. B Daily Stochastic Oscillator ChartVolvo AB ser. B Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Volvo AB ser. B. The current cci is 119.02.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Volvo AB ser. B Daily Commodity Channel Index (CCI) ChartVolvo AB ser. B Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Volvo AB ser. B. The current cmo is 61.87.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Volvo AB ser. B Daily Chande Momentum Oscillator (CMO) ChartVolvo AB ser. B Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Volvo AB ser. B. The current willr is -12.65822785.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Volvo AB ser. B Daily Williams %R ChartVolvo AB ser. B Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Volvo AB ser. B.

Volvo AB ser. B Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Volvo AB ser. B. The current atr is 0.32278863.

Volvo AB ser. B Daily Average True Range (ATR) ChartVolvo AB ser. B Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Volvo AB ser. B. The current obv is -1,664.

Volvo AB ser. B Daily On-Balance Volume (OBV) ChartVolvo AB ser. B Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Volvo AB ser. B. The current mfi is 68.79.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Volvo AB ser. B Daily Money Flow Index (MFI) ChartVolvo AB ser. B Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Volvo AB ser. B.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-02CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-07WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-16RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-28STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-01MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-08ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-11MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-14BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-19STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-28RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-03SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-04CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-08CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-09DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-26WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-29DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-06DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-14CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-21ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-08STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-11MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-12ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-15MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-19MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-25SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

Volvo AB ser. B Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Volvo AB ser. B based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5079.161
Ma 20Greater thanMa 5028.961
Ma 50Greater thanMa 10026.459
Ma 100Greater thanMa 20024.822
OpenGreater thanClose30.100
Total4/5 (80.0%)
Penke

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