25 XP   0   0   10

Wereldhave NV
Buy, Hold or Sell?

Let's analyse Wereldhave together

PenkeI guess you are interested in Wereldhave NV. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Wereldhave NV. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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

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Quick analysis of Wereldhave (30 sec.)










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

How much money do you get?

How much money do you get?
‚ā¨1.14
When do you have the money?
1 year
How often do you get paid?
87.5%

What is your share worth?

Current worth
‚ā¨27.47
Expected worth in 1 year
‚ā¨29.21
How sure are you?
62.5%

+ What do you gain per year?

Total Gains per Share
‚ā¨2.81
Return On Investment
21.0%

For what price can you sell your share?

Current Price per Share
‚ā¨13.38
Expected price per share
‚ā¨12.28 - ‚ā¨14.60
How sure are you?
50%

1. Valuation of Wereldhave (5 min.)




Live pricePrice per Share (EOD)

‚ā¨13.38

Intrinsic Value Per Share

‚ā¨27.46 - ‚ā¨94.10

Total Value Per Share

‚ā¨54.93 - ‚ā¨121.56

2. Growth of Wereldhave (5 min.)




Is Wereldhave growing?

Current yearPrevious yearGrowGrow %
How rich?$1.2b$1.1b$52.9m4.3%

How much money is Wereldhave making?

Current yearPrevious yearGrowGrow %
Making money$31.8m$22.9m$8.8m27.9%
Net Profit Margin43.5%25.2%--

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

3. Financial Health of Wereldhave (5 min.)




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

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

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

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

Speculation

The Price per Share of Wereldhave is ‚ā¨13.38. 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 Wereldhave.
  • 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 Wereldhave, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ‚ā¨27.47. Based on the TTM, the Book Value Change Per Share is ‚ā¨0.44 per quarter. Based on the YOY, the Book Value Change Per Share is ‚ā¨0.16 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ‚ā¨0.27 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Wereldhave.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share
Usd Eps0.685.1%0.574.3%0.352.6%-0.72-5.4%-0.37-2.7%
Usd Book Value Change Per Share0.000.0%0.473.5%0.171.3%-0.95-7.1%-0.26-1.9%
Usd Dividend Per Share0.000.0%0.282.1%0.614.6%0.453.3%0.463.4%
Usd Total Gains Per Share0.000.0%0.755.6%0.785.9%-0.51-3.8%0.201.5%
Usd Price Per Share15.47-15.44-15.04-15.47-28.02-
Price to Earnings Ratio5.67-7.35-10.78-1.21--125.21-
Price-to-Total Gains Ratio33,229.08-8,325.99-22.90-1,679.75-1,080.22-
Price to Book Ratio0.53-0.54-0.56-0.48-0.70-
Price-to-Total Gains Ratio33,229.08-8,325.99-22.90-1,679.75-1,080.22-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share14.312586
Number of shares69
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.280.45
Usd Book Value Change Per Share0.47-0.95
Usd Total Gains Per Share0.75-0.51
Gains per Quarter (69 shares)51.76-34.85
Gains per Year (69 shares)207.06-139.41
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
179128197123-263-149
2157257404246-525-288
3236385611369-788-427
4314514818493-1050-566
53936421025616-1313-705
64727711232739-1575-844
75508991439862-1838-983
862910281646985-2101-1122
9707115618531108-2363-1261
10786128520601232-2626-1400

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%8.04.00.066.7%8.012.00.040.0%15.017.00.046.9%26.022.00.054.2%
Book Value Change Per Share1.02.01.025.0%3.05.04.025.0%3.09.08.015.0%5.014.013.015.6%14.018.016.029.2%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%28.00.04.087.5%32.00.016.066.7%
Total Gains per Share4.00.00.0100.0%10.02.00.083.3%14.06.00.070.0%20.011.01.062.5%30.015.03.062.5%

Fundamentals of Wereldhave

About Wereldhave NV

Wereldhave N.V. ("the Company") is an investment company that invests in real estate (shopping centers and offices). The property portfolio of Wereldhave N.V. and its subsidiaries ("the Group') is located in Belgium, France and the Netherlands. The Group is principally involved in leasing investment property under operating leases. The property management is performed by Group management companies. The Company is a limited liability company incorporated and domiciled in the Netherlands. The address of the Company's registered office is Nieuwe Passeerdersstraat 1, 1016 XP Amsterdam. The shares of the Company are listed on the Euronext Stock Exchange in Amsterdam.

Fundamental data was last updated by Penke on 2024-06-16 10:13:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

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

1.1. Profitability of Wereldhave NV.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare¬†Wereldhave to the¬†REIT - Retail industry mean.
  • A Net Profit Margin of 29.8%¬†means that¬†€0.30 for each €1¬†in revenue is generated as profit.

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

  • The MRQ is 29.8%. The company is making a huge profit. +2
  • The TTM is 43.5%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ29.8%TTM43.5%-13.7%
TTM43.5%YOY25.2%+18.3%
TTM43.5%5Y-13.2%+56.7%
5Y-13.2%10Y1.2%-14.4%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy¬†but always compare¬†Wereldhave to the¬†REIT - Retail industry mean.
  • 1.2% Return on Assets means that¬†Wereldhave generated¬†€0.01 profit for each $1 in assets.

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

  • The MRQ is 1.2%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.4%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.2%TTM1.4%-0.1%
TTM1.4%YOY1.0%+0.3%
TTM1.4%5Y-0.9%+2.2%
5Y-0.9%10Y-0.4%-0.5%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare¬†Wereldhave to the¬†REIT - Retail industry mean.
  • 2.9% Return on Equity means Wereldhave generated €0.03¬†for each¬†€1 the owners (shareholders) invested.

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

  • The MRQ is 2.9%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 3.3%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.9%TTM3.3%-0.4%
TTM3.3%YOY2.5%+0.8%
TTM3.3%5Y-2.0%+5.3%
5Y-2.0%10Y-1.0%-1.0%

1.2. Operating Efficiency of Wereldhave NV.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Wereldhave is operating .

  • Measures how much profit Wereldhave 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¬†Wereldhave to the¬†REIT - Retail industry mean.
  • An Operating Margin of 59.3%¬†means the company generated €0.59 ¬†for each €1 in revenue (before taxes).

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

  • The MRQ is 59.3%. The company is operating very efficient. +2
  • The TTM is 58.3%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ59.3%TTM58.3%+1.0%
TTM58.3%YOY44.1%+14.2%
TTM58.3%5Y33.3%+25.0%
5Y33.3%10Y42.2%-9.0%
1.2.2. Operating Ratio

Measures how efficient Wereldhave is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†REIT - Retail industry mean).
  • An Operation Ratio of 0.41 means that the operating costs are €0.41 for each €1 in net sales.

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

  • The MRQ is 0.407. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.423. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.407TTM0.423-0.016
TTM0.423YOY0.319+0.104
TTM0.4235Y0.278+0.145
5Y0.27810Y0.324-0.046

1.3. Liquidity of Wereldhave NV.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to¬†REIT - Retail industry mean).
  • A Current Ratio of 0.38¬†means the company has €0.38 in assets for each €1 in short-term debts.

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

  • The MRQ is 0.382. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.305. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.382TTM0.305+0.077
TTM0.305YOY0.281+0.024
TTM0.3055Y0.332-0.027
5Y0.33210Y0.472-0.140
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†Wereldhave to the¬†REIT - Retail industry mean.
  • A Quick Ratio of 0.32¬†means the company can pay off €0.32 for each €1 in debt (using most liquid assets).

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

  • The MRQ is 0.323. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.212. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.323TTM0.212+0.111
TTM0.212YOY0.119+0.093
TTM0.2125Y0.226-0.015
5Y0.22610Y0.368-0.142

1.4. Solvency of Wereldhave NV.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare¬†Wereldhave to REIT - Retail industry mean.
  • A Debt to Asset Ratio of 0.47¬†means that Wereldhave assets are¬†financed with 47.3% credit (debt) and the remaining percentage (100% - 47.3%)¬†is financed by its owners/shareholders.¬†

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

  • The MRQ is 0.473. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.479. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.473TTM0.479-0.005
TTM0.479YOY0.467+0.012
TTM0.4795Y0.482-0.004
5Y0.48210Y0.471+0.012
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but¬†always compare¬†Wereldhave to the¬†REIT - Retail industry mean.
  • A Debt to Equity ratio of 111.8% means that company has €1.12 debt for each €1 in shareholders equity.

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

  • The MRQ is 1.118. The company is able to pay all its debts with equity. +1
  • The TTM is 1.149. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.118TTM1.149-0.031
TTM1.149YOY1.109+0.040
TTM1.1495Y1.134+0.015
5Y1.13410Y1.050+0.084

2. Market Valuation of Wereldhave NV

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but¬†always compare¬†Wereldhave to the¬†REIT - Retail industry mean.
  • A PE ratio of 5.67 means the investor is paying €5.67¬†for every €1 in earnings.

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

  • The EOD is 5.242. Based on the earnings, the company is cheap. +2
  • The MRQ is 5.665. Based on the earnings, the company is cheap. +2
  • The TTM is 7.355. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD5.242MRQ5.665-0.423
MRQ5.665TTM7.355-1.689
TTM7.355YOY10.781-3.427
TTM7.3555Y1.208+6.147
5Y1.20810Y-125.214+126.421
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 4.321. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 4.669. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 6.032. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD4.321MRQ4.669-0.349
MRQ4.669TTM6.032-1.363
TTM6.032YOY7.049-1.017
TTM6.0325Y6.587-0.555
5Y6.58710Y12.454-5.867
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy¬†(always compare to REIT - Retail industry mean).
  • A PB ratio of 0.53 means the investor is paying €0.53¬†for each €1 in book value.

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

  • The EOD is 0.487. Based on the equity, the company is cheap. +2
  • The MRQ is 0.526. Based on the equity, the company is cheap. +2
  • The TTM is 0.545. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.487MRQ0.526-0.039
MRQ0.526TTM0.545-0.018
TTM0.545YOY0.555-0.010
TTM0.5455Y0.479+0.066
5Y0.47910Y0.698-0.218
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Wereldhave NV compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.0000.435-100%0.159-100%-0.889+3882920%-0.242+1054594%
Book Value Per Share--27.46626.505+4%25.371+8%30.460-10%36.122-24%
Current Ratio--0.3820.305+25%0.281+36%0.332+15%0.472-19%
Debt To Asset Ratio--0.4730.479-1%0.467+1%0.482-2%0.471+1%
Debt To Equity Ratio--1.1181.149-3%1.109+1%1.134-1%1.050+6%
Dividend Per Share--0.0000.266-100%0.575-100%0.417-100%0.430-100%
Eps--0.6380.535+19%0.328+95%-0.677+206%-0.341+153%
Free Cash Flow Per Share--0.7740.699+11%0.571+35%0.588+32%0.609+27%
Free Cash Flow To Equity Per Share--1.3640.934+46%0.378+261%-0.217+116%0.315+333%
Gross Profit Margin--0.9010.926-3%0.912-1%0.968-7%0.917-2%
Intrinsic Value_10Y_max--94.096--------
Intrinsic Value_10Y_min--27.462--------
Intrinsic Value_1Y_max--3.453--------
Intrinsic Value_1Y_min--2.398--------
Intrinsic Value_3Y_max--14.930--------
Intrinsic Value_3Y_min--7.554--------
Intrinsic Value_5Y_max--31.897--------
Intrinsic Value_5Y_min--13.053--------
Market Cap584197560.000-8%631352520.000630260970.000+0%613887720.000+3%631603576.5000%1143559219.294-45%
Net Profit Margin--0.2980.435-32%0.252+18%-0.132+144%0.012+2377%
Operating Margin--0.5930.583+2%0.441+34%0.333+78%0.422+40%
Operating Ratio--0.4070.423-4%0.319+28%0.278+47%0.324+26%
Pb Ratio0.487-8%0.5260.545-3%0.555-5%0.479+10%0.698-25%
Pe Ratio5.242-8%5.6657.355-23%10.781-47%1.208+369%-125.214+2310%
Price Per Share13.380-8%14.46014.435+0%14.060+3%14.4660%26.191-45%
Price To Free Cash Flow Ratio4.321-8%4.6696.032-23%7.049-34%6.587-29%12.454-63%
Price To Total Gains Ratio30747.240-8%33229.0808325.991+299%22.898+145020%1679.748+1878%1080.222+2976%
Quick Ratio--0.3230.212+52%0.119+172%0.226+43%0.368-12%
Return On Assets--0.0120.014-10%0.010+18%-0.009+171%-0.004+132%
Return On Equity--0.0290.033-12%0.025+17%-0.020+169%-0.010+133%
Total Gains Per Share--0.0000.701-100%0.733-100%-0.472+108608%0.189-100%
Usd Book Value--1282818470.4001237899360.575+4%1184976755.083+8%1422659014.222-10%1687071070.479-24%
Usd Book Value Change Per Share--0.0000.465-100%0.170-100%-0.951+3882920%-0.258+1054594%
Usd Book Value Per Share--29.38128.352+4%27.140+8%32.583-10%38.639-24%
Usd Dividend Per Share--0.0000.285-100%0.615-100%0.446-100%0.460-100%
Usd Eps--0.6830.572+19%0.351+95%-0.724+206%-0.365+153%
Usd Free Cash Flow--36159069.10032655801.600+11%26688079.013+35%27483347.478+32%28444342.558+27%
Usd Free Cash Flow Per Share--0.8280.748+11%0.611+35%0.629+32%0.651+27%
Usd Free Cash Flow To Equity Per Share--1.4590.999+46%0.405+261%-0.233+116%0.337+333%
Usd Market Cap624916129.932-8%675357790.644674190159.609+0%656675694.084+3%675626345.7820%1223265296.879-45%
Usd Price Per Share14.313-8%15.46815.441+0%15.040+3%15.4740%28.017-45%
Usd Profit--29801842.00031858741.388-6%22971138.938+30%-28715775.590+196%-11896601.694+140%
Usd Revenue--100124989.70073701260.300+36%53482192.038+87%38319248.023+161%43518722.098+130%
Usd Total Gains Per Share--0.0000.750-100%0.785-100%-0.505+108608%0.202-100%
 EOD+4 -4MRQTTM+24 -12YOY+25 -115Y+24 -1210Y+19 -17

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-155.242
Price to Book Ratio (EOD)Between0-10.487
Net Profit Margin (MRQ)Greater than00.298
Operating Margin (MRQ)Greater than00.593
Quick Ratio (MRQ)Greater than10.323
Current Ratio (MRQ)Greater than10.382
Debt to Asset Ratio (MRQ)Less than10.473
Debt to Equity Ratio (MRQ)Less than11.118
Return on Equity (MRQ)Greater than0.150.029
Return on Assets (MRQ)Greater than0.050.012
Total5/10 (50.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5045.245
Ma 20Greater thanMa 5013.662
Ma 50Greater thanMa 10013.494
Ma 100Greater thanMa 20013.023
OpenGreater thanClose13.480
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets2,277,525
Total Liabilities1,078,293
Total Stockholder Equity964,480
 As reported
Total Liabilities 1,078,293
Total Stockholder Equity+ 964,480
Total Assets = 2,277,525

Assets

Total Assets2,277,525
Total Current Assets89,181
Long-term Assets2,188,344
Total Current Assets
Cash And Cash Equivalents 25,544
Net Receivables 49,862
Total Current Assets  (as reported)89,181
Total Current Assets  (calculated)75,406
+/- 13,775
Long-term Assets
Property Plant Equipment 5,455
Intangible Assets 162
Long-term Assets Other 2,148,635
Long-term Assets  (as reported)2,188,344
Long-term Assets  (calculated)2,154,252
+/- 34,092

Liabilities & Shareholders' Equity

Total Current Liabilities233,692
Long-term Liabilities844,601
Total Stockholder Equity964,480
Total Current Liabilities
Short-term Debt 144,794
Short Long Term Debt 144,794
Accounts payable 8,791
Other Current Liabilities 77,028
Total Current Liabilities  (as reported)233,692
Total Current Liabilities  (calculated)375,407
+/- 141,715
Long-term Liabilities
Long term Debt 796,568
Capital Lease Obligations 19,094
Long-term Liabilities Other 27,699
Long-term Liabilities  (as reported)844,601
Long-term Liabilities  (calculated)843,361
+/- 1,240
Total Stockholder Equity
Common Stock43,876
Accumulated Other Comprehensive Income -743
Other Stockholders Equity 921,347
Total Stockholder Equity (as reported)964,480
Total Stockholder Equity (calculated)964,480
+/-0
Other
Capital Stock43,876
Cash and Short Term Investments 25,544
Common Stock Shares Outstanding 43,662
Current Deferred Revenue3,079
Liabilities and Stockholders Equity 2,277,525
Net Debt 915,818
Net Invested Capital 1,905,842
Net Working Capital -144,511
Property Plant and Equipment Gross 17,043
Short Long Term Debt Total 941,362



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-06-302015-06-302015-03-312014-06-302014-03-312013-12-312013-06-302012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-31
> Total Assets 
0
0
0
2,596,980
2,867,657
2,994,813
2,960,252
3,121,841
3,097,677
3,042,363
3,153,771
3,250,237
3,179,221
3,151,888
3,158,839
3,003,956
2,275,816
2,325,876
0
2,529,826
3,580,254
3,884,029
3,889,658
3,948,086
3,889,659
3,889,659
3,924,056
3,924,056
3,926,872
3,926,872
3,510,440
3,510,440
3,352,760
3,352,760
3,043,192
3,043,192
0
2,896,977
0
2,742,746
0
2,542,304
0
2,037,491
0
2,075,102
2,098,055
2,098,055
2,159,531
2,159,531
2,277,525
2,277,525
2,277,5252,277,5252,159,5312,159,5312,098,0552,098,0552,075,10202,037,49102,542,30402,742,74602,896,97703,043,1923,043,1923,352,7603,352,7603,510,4403,510,4403,926,8723,926,8723,924,0563,924,0563,889,6593,889,6593,948,0863,889,6583,884,0293,580,2542,529,82602,325,8762,275,8163,003,9563,158,8393,151,8883,179,2213,250,2373,153,7713,042,3633,097,6773,121,8412,960,2522,994,8132,867,6572,596,980000
   > Total Current Assets 
0
0
0
35,550
42,879
168,299
48,588
46,940
65,042
55,668
68,306
51,487
58,884
44,416
95,844
613,703
177,496
126,348
0
160,749
166,017
597,428
105,898
89,630
98,818
98,818
123,945
123,945
104,654
104,654
199,255
199,255
98,962
98,962
95,113
95,113
125,851
125,850
142,718
142,718
84,336
84,336
73,887
73,887
75,295
75,295
55,198
55,198
60,712
60,712
89,181
89,181
89,18189,18160,71260,71255,19855,19875,29575,29573,88773,88784,33684,336142,718142,718125,850125,85195,11395,11398,96298,962199,255199,255104,654104,654123,945123,94598,81898,81889,630105,898597,428166,017160,7490126,348177,496613,70395,84444,41658,88451,48768,30655,66865,04246,94048,588168,29942,87935,550000
       Cash And Cash Equivalents 
0
0
0
20,156
19,534
19,179
30,914
32,096
43,738
28,977
21,200
24,400
19,134
22,696
58,573
44,406
119,208
88,466
0
122,338
112,330
360,504
18,641
40,666
15,286
15,286
13,585
13,585
12,526
12,526
125,925
125,925
26,426
26,426
20,834
20,834
0
28,833
0
67,000
0
14,457
0
26,769
0
28,286
14,353
14,353
19,484
19,484
25,544
25,544
25,54425,54419,48419,48414,35314,35328,286026,769014,457067,000028,833020,83420,83426,42626,426125,925125,92512,52612,52613,58513,58515,28615,28640,66618,641360,504112,330122,338088,466119,20844,40658,57322,69619,13424,40021,20028,97743,73832,09630,91419,17919,53420,156000
       Short-term Investments 
0
0
0
0
-2,759,858
-2,753,430
-2,707,639
-2,994,600
-2,948,966
-2,900,965
-2,978,724
-3,090,411
-3,012,881
-2,989,647
-2,945,146
543,166
33,488
6,000
0
6,000
0
166,000
0
0
0
17,354
0
38,047
0
27,270
0
6,940
0
6,940
0
0
0
0
0
0
0
0
0
0
0
-35,317
0
-42,359
0
-37,014
0
0
00-37,0140-42,3590-35,317000000000006,94006,940027,270038,047017,354000166,00006,00006,00033,488543,166-2,945,146-2,989,647-3,012,881-3,090,411-2,978,724-2,900,965-2,948,966-2,994,600-2,707,639-2,753,430-2,759,8580000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
60,842
60,842
59,868
59,868
64,858
64,858
58,882
58,882
65,596
57,525
59,380
59,380
73,218
73,218
57,998
57,998
65,722
65,722
39,170
39,170
40,971
40,971
22,442
27,845
36,729
37,437
29,993
49,862
49,86229,99337,43736,72927,84522,44240,97140,97139,17039,17065,72265,72257,99857,99873,21873,21859,38059,38057,52565,59658,88258,88264,85864,85859,86859,86860,84260,842000000000000000000000000
       Other Current Assets 
0
0
0
15,394
23,345
149,120
17,674
14,844
21,304
26,691
47,106
27,087
39,750
21,720
37,271
26,131
24,800
31,882
0
32,411
53,687
70,924
87,257
48,964
22,690
66,178
50,492
72,313
27,270
64,858
14,448
66,390
6,940
65,596
14,899
74,279
23,800
97,017
17,720
75,718
4,157
69,879
7,948
47,118
6,038
47,009
18,403
-42,198
4,499
-56,921
33,644
-75,406
-75,40633,644-56,9214,499-42,19818,40347,0096,03847,1187,94869,8794,15775,71817,72097,01723,80074,27914,89965,5966,94066,39014,44864,85827,27072,31350,49266,17822,69048,96487,25770,92453,68732,411031,88224,80026,13137,27121,72039,75027,08747,10626,69121,30414,84417,674149,12023,34515,394000
   > Long-term Assets 
0
0
0
2,561,430
2,824,778
2,826,514
2,911,664
3,074,901
3,032,635
2,986,695
3,085,465
3,198,750
3,120,337
3,107,472
3,062,995
2,390,253
2,098,320
2,199,528
0
2,369,077
3,414,237
3,286,601
3,783,760
3,858,456
0
3,790,841
0
3,800,111
0
3,822,218
0
3,311,185
0
3,253,799
0
2,948,080
0
2,771,126
0
2,600,028
0
2,457,968
0
1,963,605
0
1,999,806
2,042,857
2,042,857
2,098,819
2,098,820
2,188,344
2,188,344
2,188,3442,188,3442,098,8202,098,8192,042,8572,042,8571,999,80601,963,60502,457,96802,600,02802,771,12602,948,08003,253,79903,311,18503,822,21803,800,11103,790,84103,858,4563,783,7603,286,6013,414,2372,369,07702,199,5282,098,3202,390,2533,062,9953,107,4723,120,3373,198,7503,085,4652,986,6953,032,6353,074,9012,911,6642,826,5142,824,7782,561,430000
       Property Plant Equipment 
0
0
0
6,308
6,262
6,448
6,415
6,499
6,461
6,859
6,756
6,720
6,761
6,859
7,008
4,450
2,968
2,918
0
2,676
2,723
3,005
2,743
2,503
3,749,939
2,288
3,767,801
2,118
3,786,245
2,211
3,275,573
2,120
3,214,679
6,899
2,907,073
6,026
2,741,982
5,571
2,577,517
5,419
2,435,096
4,704
1,937,570
3,968
1,956,603
3,337
1,996,771
1,650
2,055,508
1,265
2,162,526
5,455
5,4552,162,5261,2652,055,5081,6501,996,7713,3371,956,6033,9681,937,5704,7042,435,0965,4192,577,5175,5712,741,9826,0262,907,0736,8993,214,6792,1203,275,5732,2113,786,2452,1183,767,8012,2883,749,9392,5032,7433,0052,7232,67602,9182,9684,4507,0086,8596,7616,7206,7566,8596,4616,4996,4156,4486,2626,308000
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,020
0
2,020
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000000000000000000002,02002,020000000000000000
       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
162
162
280
280
248
248
717
717
784
784
826
826
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000826826784784717717248248280280162162000000000000000000000000
       Intangible Assets 
0
0
0
2,823
3,202
3,543
4,007
6,321
6,432
6,591
6,676
6,753
6,682
0
0
1,973
0
1,814
0
0
0
0
0
1,473
1,309
1,309
1,162
1,162
1,044
1,044
897
897
720
720
517
517
0
0
0
273
0
0
0
479
0
430
367
367
302
302
162
162
16216230230236736743004790002730005175177207208978971,0441,0441,1621,1621,3091,3091,473000001,81401,973006,6826,7536,6766,5916,4326,3214,0073,5433,2022,823000
       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
39,431
39,431
31,148
31,148
34,681
34,681
34,715
34,715
37,615
-1
40,489
-1
25,873
1
22,238
22,238
19,027
19,027
25,555
-1
42,774
1
45,586
45,586
40,267
-1
0
0
00-140,26745,58645,586142,774-125,55519,02719,02722,23822,238125,873-140,489-137,61534,71534,71534,68134,68131,14831,14839,43139,431000000000000000000000000
> Total Liabilities 
0
0
0
910,505
1,148,827
1,272,258
1,267,321
1,393,777
1,373,887
1,400,045
1,451,144
1,536,257
1,452,473
1,635,056
1,632,257
1,467,222
836,771
826,125
0
1,101,075
1,579,632
1,660,593
1,769,842
1,786,872
1,717,621
1,717,621
1,807,023
1,807,023
1,851,852
1,851,852
1,534,604
1,534,604
1,496,705
1,496,705
1,492,912
1,492,912
0
1,470,615
0
1,408,063
0
1,262,995
0
941,955
0
986,062
974,812
974,812
1,044,284
1,044,284
1,078,292
1,078,293
1,078,2931,078,2921,044,2841,044,284974,812974,812986,0620941,95501,262,99501,408,06301,470,61501,492,9121,492,9121,496,7051,496,7051,534,6041,534,6041,851,8521,851,8521,807,0231,807,0231,717,6211,717,6211,786,8721,769,8421,660,5931,579,6321,101,0750826,125836,7711,467,2221,632,2571,635,0561,452,4731,536,2571,451,1441,400,0451,373,8871,393,7771,267,3211,272,2581,148,827910,505000
   > Total Current Liabilities 
0
0
0
192,209
448,800
289,475
318,497
333,519
129,650
145,243
147,163
158,825
173,549
172,116
178,550
162,231
49,063
62,234
0
58,558
258,845
546,657
200,418
129,863
156,429
156,429
174,777
174,777
479,117
479,117
457,610
457,610
208,602
208,602
263,971
263,971
536,771
536,771
375,808
375,808
226,474
226,474
226,171
226,171
245,846
245,846
215,723
215,723
266,105
266,105
233,692
233,692
233,692233,692266,105266,105215,723215,723245,846245,846226,171226,171226,474226,474375,808375,808536,771536,771263,971263,971208,602208,602457,610457,610479,117479,117174,777174,777156,429156,429129,863200,418546,657258,84558,558062,23449,063162,231178,550172,116173,549158,825147,163145,243129,650333,519318,497289,475448,800192,209000
       Short-term Debt 
0
0
0
140,757
397,992
235,365
269,554
271,101
69,163
80,379
85,612
64,965
97,155
88,000
103,759
75,000
6,500
8,000
0
14,500
177,054
456,687
67,750
45,200
1,495,286
56,984
55,262
55,200
378,823
376,773
304,167
339,167
9,000
107,000
75,354
167,973
0
430,501
0
281,762
0
139,500
0
142,250
0
167,750
137,774
137,774
183,500
183,500
144,794
144,794
144,794144,794183,500183,500137,774137,774167,7500142,2500139,5000281,7620430,5010167,97375,354107,0009,000339,167304,167376,773378,82355,20055,26256,9841,495,28645,20067,750456,687177,05414,50008,0006,50075,000103,75988,00097,15564,96585,61280,37969,163271,101269,554235,365397,992140,757000
       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
1,495,286
1,495,286
55,262
55,262
378,823
378,823
304,167
304,167
9,000
107,000
75,354
167,973
0
430,501
0
281,762
0
139,500
0
142,250
0
167,750
0
137,774
0
183,500
0
144,794
144,7940183,5000137,7740167,7500142,2500139,5000281,7620430,5010167,97375,354107,0009,000304,167304,167378,823378,82355,26255,2621,495,2861,495,286000000000000000000000000
       Accounts payable 
0
0
0
3,907
4,092
3,247
4,736
4,925
6,973
4,857
3,485
12,656
11,867
7,488
13,943
9,371
7,866
7,935
0
3,386
3,826
6,501
3,365
6,174
3,536
3,536
8,893
8,893
7,488
7,488
8,529
8,529
5,461
5,461
8,436
8,436
8,234
8,234
14,864
14,864
7,561
7,561
12,337
12,337
9,825
9,825
11,571
11,571
7,606
7,606
8,791
8,791
8,7918,7917,6067,60611,57111,5719,8259,82512,33712,3377,5617,56114,86414,8648,2348,2348,4368,4365,4615,4618,5298,5297,4887,4888,8938,8933,5363,5366,1743,3656,5013,8263,38607,9357,8669,37113,9437,48811,86712,6563,4854,8576,9734,9254,7363,2474,0923,907000
       Other Current Liabilities 
0
0
0
45,490
44,277
48,671
42,033
55,560
52,068
58,905
57,107
80,280
59,786
71,924
56,147
31,278
33,623
17,694
0
40,628
77,904
83,334
116,826
30,019
95,909
85,486
64,096
34,339
92,806
86,076
57,668
49,254
96,141
89,565
48,278
35,376
96,826
77,872
38,240
36,888
79,413
69,627
43,460
35,836
68,235
68,271
66,378
53,737
74,999
73,236
80,107
77,028
77,02880,10773,23674,99953,73766,37868,27168,23535,83643,46069,62779,41336,88838,24077,87296,82635,37648,27889,56596,14149,25457,66886,07692,80634,33964,09685,48695,90930,019116,82683,33477,90440,628017,69433,62331,27856,14771,92459,78680,28057,10758,90552,06855,56042,03348,67144,27745,490000
   > Long-term Liabilities 
0
0
0
718,296
700,027
982,783
948,824
1,060,258
1,244,237
1,254,802
1,303,981
1,377,432
1,278,924
1,462,940
1,453,707
1,304,991
787,708
763,891
0
1,042,517
1,320,787
1,113,936
1,569,424
1,657,009
0
1,561,192
0
1,632,246
0
1,372,735
0
1,076,994
0
1,288,103
0
1,228,941
0
933,844
0
1,032,255
0
1,036,521
0
715,784
0
740,216
759,089
759,089
778,179
778,179
844,600
844,601
844,601844,600778,179778,179759,089759,089740,2160715,78401,036,52101,032,2550933,84401,228,94101,288,10301,076,99401,372,73501,632,24601,561,19201,657,0091,569,4241,113,9361,320,7871,042,5170763,891787,7081,304,9911,453,7071,462,9401,278,9241,377,4321,303,9811,254,8021,244,2371,060,258948,824982,783700,027718,296000
       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
122,890
122,890
91,538
91,538
89,418
89,418
57,843
57,843
78,571
78,571
15,663
15,663
34,268
34,268
13,964
13,964
32,484
32,484
6,605
6,605
24,617
24,617
6,046
6,046
22,890
22,890
0
0
0022,89022,8906,0466,04624,61724,6176,6056,60532,48432,48413,96413,96434,26834,26815,66315,66378,57178,57157,84357,84389,41889,41891,53891,538122,890122,890000000000000000000000000
> Total Stockholder Equity
0
0
0
1,569,554
1,599,772
1,609,375
1,577,795
1,611,232
1,604,927
1,527,834
1,586,790
1,591,920
1,602,085
1,375,588
1,381,465
1,389,547
1,294,521
1,349,426
0
1,281,278
1,831,034
2,054,318
1,951,596
1,978,811
1,994,212
1,994,212
1,928,635
1,928,635
1,882,462
1,882,462
1,744,489
1,744,489
1,627,941
1,627,941
1,319,598
1,319,598
0
1,201,817
0
1,124,296
0
1,059,590
0
866,823
0
859,183
885,682
885,682
884,860
884,860
964,481
964,480
964,480964,481884,860884,860885,682885,682859,1830866,82301,059,59001,124,29601,201,81701,319,5981,319,5981,627,9411,627,9411,744,4891,744,4891,882,4621,882,4621,928,6351,928,6351,994,2121,994,2121,978,8111,951,5962,054,3181,831,0341,281,27801,349,4261,294,5211,389,5471,381,4651,375,5881,602,0851,591,9201,586,7901,527,8341,604,9271,611,2321,577,7951,609,3751,599,7721,569,554000
   Common Stock
0
0
0
212,770
212,770
214,485
214,485
214,485
214,485
216,796
216,796
216,796
216,796
216,796
216,796
216,796
216,796
216,796
0
216,796
35,021
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
40,271
43,876
43,876
43,87643,87640,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27140,27135,021216,7960216,796216,796216,796216,796216,796216,796216,796216,796216,796214,485214,485214,485214,485212,770212,770000
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
-2,677
0
0
0
-3,155
0
0
0
-3,608
0
0
0
-5,882
0
-3,540
0
0
0
0
0
-3,916
0
0
0
-4,031
0
0
0
-3,953
0
0
0
-5,411
0
0
0
-6,463
0
0
0
0
0
-892,121
6,104
-865,622
132
-866,444
-743
-743
-743-743-866,444132-865,6226,104-892,12100000-6,463000-5,411000-3,953000-4,031000-3,91600000-3,5400-5,882000-3,608000-3,155000-2,677000
   Capital Surplus 0000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
1,359,461
1,387,002
1,394,890
1,363,310
1,399,902
1,390,442
1,311,038
1,369,994
1,378,732
1,385,289
1,158,792
1,164,669
1,178,633
1,077,725
1,136,170
0
1,064,482
1,796,013
2,014,047
1,911,325
1,942,456
-5,030
1,953,941
-7,971
1,892,395
-14,326
1,842,191
-11,310
1,708,171
-11,200
1,587,670
-6,218
1,284,738
11,877
1,161,546
6,850
1,090,488
2,710
1,019,319
1,410
826,552
4,301
818,912
1,711,033
845,411
1,711,033
844,589
1,759,213
921,347
921,3471,759,213844,5891,711,033845,4111,711,033818,9124,301826,5521,4101,019,3192,7101,090,4886,8501,161,54611,8771,284,738-6,2181,587,670-11,2001,708,171-11,3101,842,191-14,3261,892,395-7,9711,953,941-5,0301,942,4561,911,3252,014,0471,796,0131,064,48201,136,1701,077,7251,178,6331,164,6691,158,7921,385,2891,378,7321,369,9941,311,0381,390,4421,399,9021,363,3101,394,8901,387,0021,359,461000



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.