Henderson Land Development Company Limited (0012.HK)

Industry: Real Estate - Diversified Sector: Real Estate Currency Used: HK Live Price: $31.62

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Stock Price	22.28	23.43	28.33	35.00	29.83	40.65	36.59	39.57	31.86	34.34	30.91	25.64	24.98	22.81	25.39	26.39	24.94	27.33	20.71	19.09	17.24	11.49
Market Capitalization	107,833.28M	113,400.43M	137,121.33M	169,435.00M	144,382.83M	196,786.65M	177,132.19M	191,538.12M	154,216.74M	165,955.35M	148,519.01M	121,343.46M	116,267.80M	104,121.85M	110,816.85M	111,081.55M	99,728.75M	100,770.29M	73,199.13M	67,504.21M	60,020.55M	38,560.02M
(-) Cash & Equivalents	16,499.00M	13,768.50M	11,618.00M	11,269.50M	8,072.00M	11,267.00M	16,985.50M	25,019.50M	20,314.50M	10,900.50M	11,797.50M	13,786.50M	12,172.00M	18,819.00M	14,934.50M	5,285.50M	7,914.50M	4,793.80M	3,819.45M	2,167.73M	1,891.43M	1,181.29M
(+) Total Debt	153,931.50M	158,528.50M	124,819.50M	130,737.50M	99,219.00M	93,432.00M	84,926.50M	78,377.00M	55,206.50M	46,262.00M	41,878.00M	50,078.50M	43,060.50M	48,692.00M	46,880.00M	18,004.50M	17,813.00M	9,135.05M	10,347.25M	8,100.50M	5,499.59M	5,710.07M
Enterprise Value	245,265.78M	258,160.43M	250,322.83M	288,903.00M	235,529.83M	278,951.65M	245,073.19M	244,895.62M	189,108.74M	201,316.85M	178,599.51M	157,635.46M	147,156.30M	133,994.85M	142,762.35M	123,800.55M	109,627.25M	105,111.54M	79,726.93M	73,436.98M	63,628.72M	43,088.80M

Income Statement

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30
Revenue	51,780M	50,786M	25,256M	27,570M	25,437M	23,885M	25,020M	24,373M	21,982M	27,960M	25,568M	23,641M	23,371M	23,289M	15,592M	15,188M	7,092M	15,230M	13,492M	8,356M	6,773M	5,833M	6,727M	7,667M
Cost of Revenue	34,199M	28,138M	16,356M	17,540M	15,179M	11,445M	9,717M	11,378M	10,077M	15,319M	15,034M	12,816M	14,173M	14,812M	8,203M	8,418M	3,843M	7,264M	7,345M	3,647M	3,084M	2,915M	4,102M	5,287M
Gross Profit	17,581M	22,648M	8,900M	10,030M	10,258M	12,440M	15,303M	12,995M	11,905M	12,641M	10,534M	10,825M	9,198M	8,477M	7,389M	6,770M	3,249M	7,966M	6,147M	4,709M	3,689M	2,919M	2,625M	2,381M
Gross Profit Margin	34.0%	44.6%	35.2%	36.4%	40.3%	52.1%	61.2%	53.3%	54.2%	45.2%	41.2%	45.8%	39.4%	36.4%	47.4%	44.6%	45.8%	52.3%	45.6%	56.4%	54.5%	50.0%	39.0%	31.1%
R&D Expenses	392M	540M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	7,390M	4,315M	3,751M	3,631M	3,737M	3,219M	3,034M	3,253M	2,547M	3,291M	3,115M	3,378M	3,222M	3,186M	2,734M	2,624M	2,166M	2,903M	2,135M	1,741M	1,188M	967M	937M	883M
Operating Expenses	14,082M	4,035M	3,751M	3,823M	3,689M	3,143M	3,044M	3,275M	22,024M	21,115M	13,692M	12,853M	9,559M	9,717M	14,491M	-6,745M	-9,136M	2,762M	2,955M	1,491M	1,188M	1,155M	160M	1,126M
Operating Income (EBIT)	3,499M	18,613M	5,149M	6,207M	6,569M	9,297M	12,259M	9,720M	-10,119M	-8,474M	-3,158M	-2,028M	-361M	-1,240M	-7,102M	13,515M	12,385M	5,204M	3,192M	3,218M	2,501M	1,764M	2,464M	1,255M
Operating Income Margin	6.8%	36.6%	20.4%	22.5%	25.8%	38.9%	49.0%	39.9%	-46.0%	-30.3%	-12.4%	-8.6%	-1.5%	-5.3%	-45.5%	89.0%	174.6%	34.2%	23.7%	38.5%	36.9%	30.2%	36.6%	16.4%
Interest Income	1,045M	540M	381M	679M	204M	109M	354M	635M	434M	374M	215M	340M	284M	399M	495M	197M	0M	0M	0M	269M	141M	0M	0M	0M
Interest Expense	3,907M	7,696M	2,190M	1,845M	1,106M	495M	0M	2,578M	2,178M	1,534M	1,740M	1,795M	678M	764M	1,045M	1,169M	970M	1,341M	576M	508M	496M	209M	111M	66M
Net Interest Income	-2,862M	-7,156M	-1,809M	-1,166M	-902M	-386M	354M	-1,943M	-1,744M	-1,160M	-1,525M	-1,455M	-394M	-365M	-550M	-972M	-970M	-1,341M	-576M	-239M	-356M	-209M	-111M	-66M
Unusual Items	12,748M	-4,533M	4,898M	5,403M	5,113M	6,467M	101M	11,309M	45,358M	43,016M	29,124M	26,821M	19,228M	19,400M	28,982M	6,438M	5,824M	14,593M	15,114M	9,693M	15,050M	13,178M	1,691M	2,137M
EBT Excluding Unusual Items	637M	11,457M	3,340M	5,041M	5,667M	8,911M	12,613M	7,777M	-11,863M	-9,634M	-4,683M	-3,483M	-755M	-1,605M	-7,652M	12,543M	11,415M	3,863M	2,616M	2,979M	2,146M	1,554M	2,353M	1,189M
Pre-Tax Income	13,385M	6,924M	8,238M	10,444M	10,780M	15,378M	12,714M	19,086M	33,495M	33,382M	24,441M	23,338M	18,473M	17,795M	21,330M	18,981M	17,239M	18,456M	17,730M	12,672M	17,196M	14,732M	4,044M	3,326M
Pre-Tax Margin	25.8%	13.6%	32.6%	37.9%	42.4%	64.4%	50.8%	78.3%	152.4%	119.4%	95.6%	98.7%	79.0%	76.4%	136.8%	125.0%	243.1%	121.2%	131.4%	151.6%	253.9%	252.6%	60.1%	43.4%
Income Tax Expense	1,934M	777M	955M	666M	1,277M	2,018M	2,431M	2,037M	2,123M	2,217M	2,255M	1,464M	1,533M	1,739M	1,005M	1,618M	1,601M	2,356M	1,410M	698M	1,592M	2,401M	518M	656M
Net Income	12,508M	20,097M	6,296M	9,261M	9,239M	13,195M	10,192M	16,994M	31,157M	30,433M	21,916M	21,326M	16,752M	15,948M	20,208M	17,184M	15,820M	14,320M	15,472M	9,818M	13,549M	10,854M	3,059M	2,033M
Net Income Margin	24.2%	39.6%	24.9%	33.6%	36.3%	55.2%	40.7%	69.7%	141.7%	108.8%	85.7%	90.2%	71.7%	68.5%	129.6%	113.1%	223.1%	94.0%	114.7%	117.5%	200.0%	186.1%	45.5%	26.5%
Depreciation & Amortization	566M	10,557M	203M	539M	540M	502M	428M	377M	68M	94M	106M	139M	176M	197M	-211M	200M	175M	281M	173M	115M	122M	268M	142M	131M
EBITDA	4,065M	29,170M	5,352M	6,746M	7,109M	9,799M	12,687M	10,097M	-10,051M	-8,380M	-3,052M	-1,889M	-185M	-1,043M	-7,313M	13,715M	12,560M	5,485M	3,365M	3,333M	2,623M	2,032M	2,607M	1,386M
EBITDA Margin	7.9%	57.4%	21.2%	24.5%	27.9%	41.0%	50.7%	41.4%	-45.7%	-30.0%	-11.9%	-8.0%	-0.8%	-4.5%	-46.9%	90.3%	177.1%	36.0%	24.9%	39.9%	38.7%	34.8%	38.7%	18.1%
NOPAT	2,993M	16,524M	4,552M	5,811M	5,791M	8,077M	9,915M	8,683M	-9,478M	-7,911M	-2,867M	-1,901M	-331M	-1,119M	-6,767M	12,363M	11,235M	4,540M	2,938M	3,041M	2,270M	1,476M	2,149M	1,007M
NOPAT Margin	5.8%	32.5%	18.0%	21.1%	22.8%	33.8%	39.6%	35.6%	-43.1%	-28.3%	-11.2%	-8.0%	-1.4%	-4.8%	-43.4%	81.4%	158.4%	29.8%	21.8%	36.4%	33.5%	25.3%	31.9%	13.1%
Owner's Earnings	5,426M	-28,234M	6,499M	5,232M	6,593M	-41,153M	8,058M	13,802M	29,091M	2,527M	18,608M	20,736M	11,695M	15,638M	19,499M	16,913M	15,618M	13,858M	14,651M	8,958M	12,031M	9,969M	3,071M	1,910M
Owner's Earnings Margin	10.5%	-55.6%	25.7%	19.0%	25.9%	-172.3%	32.2%	56.6%	132.3%	9.0%	72.8%	87.7%	50.0%	67.1%	125.1%	111.4%	220.2%	91.0%	108.6%	107.2%	177.6%	170.9%	45.7%	24.9%
EPS (Basic)	2.58	4.15	1.30	1.91	1.91	2.73	2.11	3.51	6.44	6.36	4.53	4.41	3.49	3.37	4.34	3.82	3.76	3.42	3.87	2.66	3.83	3.07	1.78	0.61
EPS (Diluted)	2.58	4.15	1.30	1.91	1.91	2.73	2.11	3.51	6.44	6.29	4.53	4.41	3.49	3.37	4.35	3.82	3.76	3.42	3.87	2.66	3.83	3.07	0.88	0.61
Shares (Basic)	4,841M	4,841M	4,841M	4,841M	4,841M	4,841M	4,841M	4,841M	4,841M	4,841M	4,841M	4,836M	4,804M	4,733M	4,650M	4,500M	4,209M	4,184M	3,999M	3,686M	3,536M	3,537M	3,481M	3,356M
Shares (Diluted)	4,841M	4,841M	4,841M	4,841M	4,841M	4,841M	4,841M	4,841M	4,841M	4,841M	4,841M	4,836M	4,804M	4,733M	4,650M	4,500M	4,209M	4,184M	3,999M	3,686M	3,536M	3,537M	3,481M	3,356M

Balance Sheet

Metric	MRQ	MRQ-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30
Cash & Cash Equivalents	16,600.00M	17,919.00M	17,919.00M	21,623.00M	9,827.00M	8,496.00M	5,576.00M	9,740.00M	16,507.00M	24,673.00M	22,966.00M	11,779.00M	10,303.00M	13,915.00M	12,538.00M	19,364.00M	9,916.00M	10,571.00M	15,829.00M	9,587.60M	7,638.90M	4,335.46M	3,782.85M	2,362.59M
Short-Term Investments	1,047.00M	851.00M	851.00M	482.00M	1,918.00M	2,839.00M	557.00M	1,190.00M	237.00M	0.00M	0.00M	0.00M	0.00M	38.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	41.10M	211.27M
Cash & Short-Term Investments	17,647.00M	18,770.00M	18,770.00M	22,105.00M	11,745.00M	11,335.00M	6,133.00M	10,930.00M	16,744.00M	24,673.00M	22,966.00M	11,779.00M	10,303.00M	13,953.00M	12,538.00M	19,364.00M	9,916.00M	10,571.00M	15,829.00M	9,587.60M	7,638.90M	4,335.46M	3,823.95M	2,573.86M
Net Receivables	7,733.00M	658.00M	658.00M	800.00M	8,769.00M	739.00M	8,753.00M	395.00M	456.00M	482.00M	1,665.00M	2,164.00M	1,312.00M	2,737.00M	-82.00M	-561.00M	5,206.00M	8,257.00M	6,174.00M	0.00M	0.00M	1,928.34M	1,459.30M	2,560.47M
Inventory	84,234.00M	85,608.00M	85,608.00M	94,164.00M	97,258.00M	109,180.00M	101,059.00M	100,495.00M	97,177.00M	74,219.00M	75,242.00M	81,556.00M	80,101.00M	80,233.00M	76,403.00M	68,204.00M	60,717.00M	41,541.00M	37,624.00M	29,382.80M	21,036.00M	46.78M	47.55M	48.55M
Other Current Assets	1,018.00M	9,749.00M	9,749.00M	13,341.00M	2,197.00M	12,880.00M	5,654.00M	16,930.00M	19,802.00M	20,952.00M	18,103.00M	13,760.00M	14,390.00M	12,225.00M	7,748.00M	5,056.00M	6,216.00M	5,198.00M	3,738.00M	5,980.00M	5,354.60M	4,104.70M	18,975.88M	17,034.46M
Total Current Assets	110,632.00M	114,785.00M	114,785.00M	130,410.00M	119,969.00M	134,134.00M	121,599.00M	128,750.00M	134,179.00M	120,326.00M	117,976.00M	109,259.00M	106,106.00M	109,148.00M	96,607.00M	92,063.00M	82,055.00M	65,567.00M	63,365.00M	44,950.40M	34,029.50M	10,415.28M	24,306.68M	22,217.33M
Property, Plant & Equipment	7,147.00M	277,244.00M	277,244.00M	5,719.00M	5,355.00M	5,106.00M	1,150.00M	840.00M	177,087.00M	173,844.00M	133,269.00M	130,289.00M	119,705.00M	108,872.00M	101,072.00M	3,787.00M	2,241.00M	69,320.00M	60,918.00M	2,834.10M	56,868.00M	3,504.02M	6,980.01M	5,950.55M
Goodwill	262.00M	262.00M	262.00M	262.00M	262.00M	262.00M	262.00M	262.00M	262.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	92.00M	94.00M	94.00M	98.00M	364.00M	368.00M	262.00M	262.00M	0.00M	482.00M	1,665.00M	2,164.00M	361.00M	394.00M	415.00M	454.00M	479.00M	508.00M	0.00M	178.90M	171.10M	0.00M	1,459.30M	2,560.47M
Long-Term Investments	129,757.00M	128,440.00M	128,440.00M	131,268.00M	103,962.00M	107,280.00M	108,410.00M	103,381.00M	116,723.00M	108,001.00M	96,820.00M	92,073.00M	87,007.00M	82,519.00M	75,411.00M	0.00M	0.00M	54,715.00M	0.00M	0.00M	34,444.80M	0.00M	27,139.22M	21,207.48M
Tax Assets	1,761.00M	0.00M	0.00M	1,027.00M	730.00M	698.00M	633.00M	416.00M	641.00M	424.00M	377.00M	527.00M	556.00M	0.00M	804.00M	673.00M	541.00M	156.00M	129.00M	108.90M	163.20M	235.62M	208.68M	111.37M
Other Non-Current Assets	278,898.00M	6,207.00M	6,207.00M	270,034.00M	287,560.00M	288,398.00M	213,459.00M	208,935.00M	-641.00M	-281,845.00M	-230,089.00M	-222,362.00M	-556.00M	3,181.00M	-804.00M	157,060.00M	144,996.00M	976.00M	50,502.00M	84,824.50M	223.30M	74,985.82M	5,793.32M	6,107.50M
Other Assets	0.00M	0.00M	0.00M	542,550.00M	6,791.00M	9,015.00M	11,848.00M	12,399.00M	12,855.00M	8,827.00M	7,433.00M	4,648.00M	3,801.00M	0.00M	2,407.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	417,917.00M	412,247.00M	412,247.00M	950,958.00M	405,024.00M	411,127.00M	336,024.00M	326,495.00M	306,927.00M	9,733.00M	9,475.00M	7,339.00M	210,874.00M	194,966.00M	179,305.00M	161,974.00M	148,257.00M	125,675.00M	111,549.00M	87,946.40M	91,870.40M	78,725.46M	41,580.52M	35,937.37M
Total Assets	528,549.00M	527,032.00M	527,032.00M	1,081,368.00M	524,993.00M	545,261.00M	457,623.00M	455,245.00M	441,106.00M	130,059.00M	127,451.00M	116,598.00M	316,980.00M	304,114.00M	275,912.00M	254,037.00M	230,312.00M	191,242.00M	174,914.00M	132,896.80M	125,899.90M	89,140.74M	65,887.20M	58,154.70M
Accounts Payable	7,782.00M	5,184.00M	5,184.00M	9,342.00M	8,581.00M	8,582.00M	4,119.00M	4,518.00M	3,908.00M	8,688.00M	5,949.00M	8,484.00M	6,692.00M	5,974.00M	6,033.00M	4,195.00M	5,812.00M	5,359.00M	4,589.00M	4,397.00M	2,730.10M	2,217.80M	1,681.10M	1,434.57M
Short-Term Debt	11,364.00M	18,765.00M	18,765.00M	33,515.00M	35,974.00M	31,784.00M	30,901.00M	30,930.00M	34,235.00M	24,675.00M	20,470.00M	12,408.00M	13,999.00M	8,718.00M	2,826.00M	19,699.00M	7,516.00M	4,858.00M	3,307.00M	3,007.40M	7,029.20M	3,097.40M	1,249.05M	1,545.10M
Tax Payables	1,094.00M	1,055.00M	1,055.00M	441.00M	869.00M	2,582.00M	2,762.00M	2,383.00M	2,180.00M	1,968.00M	1,054.00M	790.00M	937.00M	0.00M	858.00M	798.00M	733.00M	713.00M	879.00M	736.60M	635.00M	590.25M	546.11M	504.54M
Deferred Revenue	0.00M	0.00M	0.00M	4,997.00M	3,914.00M	6,140.00M	8,589.00M	14,899.00M	5.00M	9.00M	2.00M	-12,408.00M	-13,590.00M	0.00M	-2,826.00M	0.00M	0.00M	0.00M	0.00M	736.60M	635.00M	590.25M	546.11M	504.54M
Other Current Liabilities	7,393.00M	12,829.00M	12,829.00M	-10,126.00M	-11,985.00M	-9,730.00M	6,504.00M	5,912.00M	22,409.00M	16,690.00M	9,412.00M	9,666.00M	10,528.00M	10,400.00M	9,103.00M	4,666.00M	0.00M	39.00M	0.00M	0.10M	171.50M	110.22M	376.68M	896.86M
Total Current Liabilities	27,633.00M	37,833.00M	37,833.00M	38,169.00M	37,353.00M	39,358.00M	52,875.00M	58,642.00M	62,737.00M	52,030.00M	36,887.00M	18,940.00M	18,566.00M	25,092.00M	15,994.00M	29,358.00M	14,061.00M	10,969.00M	8,775.00M	8,877.70M	11,200.80M	6,605.91M	4,399.05M	4,885.60M
Long-Term Debt	69,112.00M	134,440.00M	134,440.00M	126,928.00M	113,308.00M	124,730.00M	58,087.00M	62,400.00M	52,509.00M	53,875.00M	35,932.00M	39,680.00M	29,112.00M	44,539.00M	38,792.00M	27,458.00M	34,123.00M	31,151.00M	32,319.00M	15,262.70M	13,665.30M	12,914.40M	9,750.13M	9,874.99M
Capital Lease Obligations	996.00M	1,019.00M	1,019.00M	1,252.00M	557.00M	251.00M	435.00M	242.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.53M	0.00M	0.05M
Deferred Tax Liabilities	8,661.00M	8,645.00M	8,645.00M	9,044.00M	9,127.00M	9,172.00M	7,904.00M	6,910.00M	6,802.00M	6,618.00M	6,582.00M	6,243.00M	6,326.00M	0.00M	5,412.00M	5,082.00M	4,088.00M	8,845.00M	7,441.00M	6,301.50M	6,050.40M	4,679.38M	1,087.94M	997.56M
Other Non-Current Liabilities	78,101.00M	9,655.00M	9,655.00M	1,372.00M	0.00M	-9,423.00M	7,733.00M	-6,034.00M	-5,326.00M	-4,118.00M	-5,360.00M	-4,470.00M	-241.00M	6,156.00M	2,545.00M	10,478.00M	12,976.00M	2,210.00M	2,181.00M	2,447.70M	1,858.90M	1,332.01M	5,025.45M	3,707.85M
Total Non-Current Liabilities	156,870.00M	153,759.00M	153,759.00M	138,596.00M	122,992.00M	124,730.00M	74,159.00M	63,518.00M	53,985.00M	56,375.00M	37,154.00M	41,453.00M	35,197.00M	50,695.00M	46,749.00M	43,018.00M	51,187.00M	42,206.00M	41,941.00M	24,011.90M	21,574.60M	18,926.32M	15,863.52M	14,580.45M
Total Liabilities	184,503.00M	191,592.00M	191,592.00M	176,765.00M	160,345.00M	164,088.00M	127,034.00M	122,160.00M	116,722.00M	108,405.00M	74,041.00M	60,393.00M	53,763.00M	75,787.00M	62,743.00M	72,376.00M	65,248.00M	53,175.00M	50,716.00M	32,889.60M	32,775.40M	25,532.24M	20,262.57M	19,466.05M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	357.00M	0.00M	1,156.00M	0.00M	0.00M	0.00M	156,868.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	52,345.00M	52,345.00M	52,345.00M	52,345.00M	52,345.00M	52,345.00M	52,345.00M	52,345.00M	52,345.00M	52,345.00M	52,345.00M	52,345.00M	52,010.00M	5,398.00M	4,830.00M	4,738.00M	4,352.00M	4,294.00M	4,294.00M	3,885.20M	0.00M	3,629.16M	3,629.16M	3,444.28M
Retained Earnings	271,421.00M	274,823.00M	274,823.00M	277,167.00M	276,766.00M	276,270.00M	271,554.00M	270,044.00M	261,165.00M	236,287.00M	212,345.00M	195,684.00M	178,068.00M	164,029.00M	150,645.00M	0.00M	0.00M	0.00M	0.00M	70,540.60M	0.00M	0.00M	32,540.80M	30,934.84M
Accumulated OCI	-3,644.00M	-5,037.00M	-5,021.00M	-2,970.00M	-1,163.00M	6,405.00M	3,708.00M	-1,538.00M	-357.00M	3,942.00M	-1,156.00M	3,310.00M	8,072.00M	8,848.00M	-1,393.00M	-1,287.00M	-1,163.00M	0.00M	0.00M	-1,012.30M	0.00M	-1,278.26M	-887.59M	-886.04M
Minority Interest	18,591.00M	18,430.00M	18,430.00M	17,558.00M	17,204.00M	17,159.00M	4,585.00M	4,542.00M	4,839.00M	5,369.00M	5,767.00M	5,022.00M	5,067.00M	4,598.00M	4,689.00M	4,589.00M	5,385.00M	4,383.00M	2,978.00M	8,524.50M	15,818.80M	14,464.92M	13,509.58M	13,227.40M
Total Shareholders’ Equity	320,122.00M	322,131.00M	322,147.00M	326,542.00M	327,948.00M	335,020.00M	327,607.00M	320,851.00M	313,510.00M	292,574.00M	264,690.00M	251,339.00M	238,150.00M	178,275.00M	310,950.00M	3,451.00M	3,189.00M	4,294.00M	4,294.00M	73,413.50M	0.00M	2,350.90M	35,282.37M	33,493.08M
Total Equity	338,713.00M	340,561.00M	340,577.00M	344,100.00M	345,152.00M	352,179.00M	332,192.00M	325,393.00M	318,349.00M	297,943.00M	270,457.00M	256,361.00M	243,217.00M	182,873.00M	315,639.00M	8,040.00M	8,574.00M	8,677.00M	7,272.00M	81,938.00M	15,818.80M	16,815.81M	48,791.95M	46,720.48M
Total Liabilities & Equity	523,216.00M	532,153.00M	532,169.00M	520,865.00M	505,497.00M	516,267.00M	459,226.00M	447,553.00M	435,071.00M	406,348.00M	344,498.00M	316,754.00M	296,980.00M	258,660.00M	378,382.00M	80,416.00M	73,822.00M	61,852.00M	57,988.00M	114,827.60M	48,594.20M	42,348.05M	69,054.52M	66,186.53M
Tangible Assets	528,195.00M	526,676.00M	526,676.00M	1,081,008.00M	524,367.00M	544,631.00M	457,099.00M	454,721.00M	440,844.00M	129,577.00M	125,786.00M	114,434.00M	316,619.00M	303,720.00M	275,497.00M	253,583.00M	229,833.00M	190,734.00M	174,914.00M	132,717.90M	125,728.80M	89,140.74M	64,427.90M	55,594.24M
Tangible Equity	338,359.00M	340,205.00M	340,221.00M	343,740.00M	344,526.00M	351,549.00M	331,668.00M	324,869.00M	318,087.00M	297,461.00M	268,792.00M	254,197.00M	242,856.00M	182,479.00M	315,224.00M	7,586.00M	8,095.00M	8,169.00M	7,272.00M	81,759.10M	15,647.70M	16,815.81M	47,332.65M	44,160.01M
Tangible Book Value	338,359.00M	340,205.00M	340,221.00M	343,740.00M	344,526.00M	351,549.00M	331,668.00M	324,869.00M	318,087.00M	297,461.00M	268,792.00M	254,197.00M	242,856.00M	182,479.00M	315,224.00M	7,586.00M	8,095.00M	8,169.00M	7,272.00M	81,759.10M	15,647.70M	16,815.81M	47,332.65M	44,160.01M
Total Investments	130,733.00M	128,817.00M	128,817.00M	131,268.00M	105,880.00M	110,119.00M	108,967.00M	104,571.00M	116,960.00M	108,001.00M	96,820.00M	92,073.00M	87,007.00M	82,557.00M	75,411.00M	67,456.00M	62,417.00M	54,715.00M	50,048.00M	33,794.00M	34,444.80M	29,517.99M	27,180.32M	21,418.75M
Net Debt	63,876.00M	135,286.00M	135,286.00M	138,820.00M	139,455.00M	148,018.00M	83,412.00M	83,590.00M	70,237.00M	53,877.00M	33,436.00M	40,309.00M	32,808.00M	39,342.00M	29,080.00M	27,793.00M	31,723.00M	25,438.00M	19,797.00M	8,682.50M	13,055.60M	11,676.34M	7,216.33M	9,057.50M

Capital Metrics

Metric	MRQ	MRQ-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30
Working Capital	77,403.0M	73,182.0M	73,182.0M	74,008.0M	64,292.0M	75,930.0M	70,327.0M	69,585.0M	71,865.0M	70,264.0M	75,515.0M	76,955.0M	73,866.0M	83,729.0M	82,757.0M	70,969.0M	67,994.0M	54,598.0M	54,590.0M	36,808.6M	23,487.1M	21,353.8M	17,921.1M	17,836.2M
Total Capital	401,610.0M	476,371.0M	476,371.0M	488,237.0M	478,039.0M	494,501.0M	417,368.0M	415,387.0M	366,762.0M	348,203.0M	299,782.0M	303,335.0M	280,852.0M	276,659.0M	197,093.0M	232,493.0M	200,677.0M	169,136.0M	156,846.0M	110,489.2M	98,658.6M	82,900.0M	58,726.1M	51,121.8M
Capital Employed	495,320.0M	485,429.0M	485,429.0M	482,416.0M	469,316.0M	487,057.0M	406,351.0M	396,080.0M	378,792.0M	360,936.0M	313,037.0M	303,965.0M	284,740.0M	278,695.0M	262,062.0M	232,943.0M	216,251.0M	180,273.0M	166,139.0M	124,755.0M	115,357.5M	100,079.2M	90,609.6M	80,736.8M
Invested Capital	385,010.0M	458,452.0M	458,452.0M	466,614.0M	468,212.0M	486,005.0M	411,792.0M	405,647.0M	350,255.0M	323,530.0M	276,816.0M	291,556.0M	270,549.0M	262,744.0M	184,555.0M	213,129.0M	190,761.0M	158,565.0M	141,017.0M	100,901.6M	91,019.7M	78,564.5M	54,943.2M	48,759.2M

Cash Flow Statement

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30
Net Income	12,508.00M	21,842.00M	8,238.00M	9,261.00M	9,239.00M	13,195.00M	10,192.00M	16,994.00M	31,157.00M	30,809.00M	21,916.00M	21,326.00M	16,752.00M	15,948.00M	20,201.00M	18,981.00M	17,239.00M	18,456.00M	17,730.00M	12,671.70M	13,548.70M	14,732.41M	4,044.35M	3,325.72M
Depreciation & Amortization	513.00M	1,082.00M	491.00M	539.00M	540.00M	505.00M	428.00M	377.00M	68.00M	94.00M	106.00M	139.00M	176.00M	197.00M	211.00M	200.00M	175.00M	281.00M	173.00M	114.80M	122.10M	268.46M	142.42M	131.24M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	12,272.00M	4,810.00M	7,673.00M	6,773.00M	8,413.00M	-5,814.00M	2,548.00M	-1,058.00M	-8,773.00M	-6,483.00M	-225.00M	-9,056.00M	-703.00M	-5,974.00M	-8,227.00M	-4,286.00M	-17,931.00M	-8,698.00M	-3,928.00M	-2,082.80M	-886.60M	-5,785.41M	2,214.86M	452.99M
Accounts Receivable	739.00M	3,351.00M	1,987.00M	739.00M	3,015.00M	336.00M	1,531.00M	1,046.00M	2,376.00M	-2,220.00M	-2,572.00M	489.00M	-1,766.00M	-983.00M	-746.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	11,156.00M	-1,923.00M	5,823.00M	3,915.00M	3,789.00M	-7,934.00M	953.00M	-2,891.00M	-9,960.00M	-1,067.00M	4,269.00M	-7,030.00M	139.00M	-4,213.00M	-7,481.00M	-5,283.00M	-19,418.00M	-6,181.00M	-332.00M	-2,225.90M	-886.60M	0.77M	1.00M	9.69M
Accounts Payable	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-6,335.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Working Capital	377.00M	3,382.00M	-137.00M	2,119.00M	1,609.00M	1,784.00M	64.00M	787.00M	-1,189.00M	-3,196.00M	-1,922.00M	-2,515.00M	924.00M	-778.00M	6,335.00M	997.00M	1,487.00M	-2,517.00M	-3,596.00M	143.10M	0.00M	-5,786.18M	2,213.86M	443.30M
Other Non-Cash Items	-879.00M	-8,415.00M	-1,105.00M	-2,113.00M	-7,061.00M	-7,201.00M	-6,096.00M	-9,569.00M	-18,628.00M	-25,217.00M	-15,467.00M	-13,187.00M	-11,816.00M	-11,521.00M	-9,543.00M	-15,495.00M	-16,765.00M	-14,779.00M	-14,417.00M	-10,090.10M	-12,626.20M	-13,234.25M	-2,688.66M	-2,014.22M
Net Cash from Operating Activities	24,414.00M	19,319.00M	15,297.00M	14,460.00M	11,131.00M	685.00M	7,072.00M	6,744.00M	3,824.00M	-797.00M	6,330.00M	-778.00M	4,409.00M	-1,350.00M	2,642.00M	-600.00M	-17,282.00M	-4,740.00M	-442.00M	613.60M	158.00M	-4,018.78M	3,712.97M	1,895.72M
Capital Expenditures (PPE)	-4,833.00M	-58,888.00M	0.00M	0.00M	-3,186.00M	-54,850.00M	-2,562.00M	-3,569.00M	-2,134.00M	-28,000.00M	-3,414.00M	-729.00M	-5,233.00M	-507.00M	-498.00M	-471.00M	-377.00M	-743.00M	-994.00M	-974.80M	-1,639.90M	-1,152.78M	-130.45M	-254.27M
Acquisitions (Net)	5,190.00M	5,238.00M	0.00M	112.00M	4,631.00M	5,972.00M	686.00M	2,102.00M	-4,302.00M	11,527.00M	5,155.00M	748.00M	1,113.00M	-153.00M	284.00M	-1,455.00M	-1,012.00M	-71.00M	-4,584.00M	7,481.80M	-790.00M	-148.63M	-78.91M	496.73M
Purchases of Investments	-8,024.00M	-10,584.00M	0.00M	-1,672.00M	-236.00M	-10,638.00M	-4,507.00M	-9,859.00M	-7,601.00M	-4,234.00M	-6,928.00M	-2,051.00M	-2,186.00M	0.00M	-93.00M	-179.00M	-157.00M	-20.00M	0.00M	-251.60M	0.00M	-77.16M	1,044.05M	-67.67M
Sales / Maturities of Investments	-32.00M	5,839.00M	0.00M	26.00M	6,420.00M	5,147.00M	1,180.00M	2,597.00M	2,118.00M	8,998.00M	1,821.00M	705.00M	7.00M	0.00M	29.00M	4,298.00M	239.00M	170.00M	0.00M	114.80M	0.00M	40.79M	803.79M	307.09M
Other Investing Activities	-6,217.00M	10,832.00M	-1,868.00M	1,550.00M	4,517.00M	4,325.00M	4,229.00M	4,906.00M	4,580.00M	4,402.00M	3,889.00M	2,813.00M	6,338.00M	1,391.00M	2,062.00M	6.00M	2,842.00M	4,497.00M	4,255.00M	1,685.70M	64.10M	2,383.77M	-4,190.75M	1,178.14M
Net Cash from Investing Activities	-13,916.00M	-47,563.00M	-1,868.00M	16.00M	12,146.00M	-50,044.00M	-974.00M	-3,823.00M	-7,339.00M	-7,307.00M	523.00M	1,486.00M	39.00M	731.00M	1,784.00M	2,199.00M	1,535.00M	3,833.00M	-1,323.00M	8,055.90M	-2,365.80M	1,046.00M	-2,552.26M	1,660.01M
Net Debt Issuance	5,955.00M	3,588.00M	-8,924.00M	3,318.00M	-10,806.00M	12,951.00M	146.00M	5,821.00M	6,240.00M	21,892.00M	4,342.00M	4,884.00M	-4,142.00M	5,235.00M	-5,690.00M	5,317.00M	16,176.00M	751.00M	14,096.00M	-2,543.00M	4,657.10M	10,887.50M	-509.60M	-658.16M
Long-Term Debt Issuance	5,216.00M	3,588.00M	-8,924.00M	3,318.00M	-8,912.00M	12,951.00M	146.00M	5,821.00M	6,240.00M	21,892.00M	5,211.00M	8,704.00M	-4,142.00M	5,235.00M	-5,690.00M	5,317.00M	16,176.00M	751.00M	10,787.00M	-2,543.00M	4,657.10M	10,887.50M	-509.60M	-658.16M
Short-Term Debt Issuance	739.00M	0.00M	0.00M	0.00M	-1,894.00M	63,153.00M	0.00M	-363.00M	-654.00M	0.00M	-869.00M	-3,820.00M	0.00M	0.00M	0.00M	0.00M	0.00M	3,846.00M	3,309.00M	0.00M	0.00M	-5,116.40M	0.05M	0.00M
Net Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	10,026.00M	5.00M	0.00M	0.00M	5,508.00M	0.00M	0.00M	2,960.82M	3.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	10,026.00M	5.00M	0.00M	0.00M	5,508.00M	0.00M	0.00M	2,960.82M	3.00M
Common Stock Repurchased	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-17,430.00M	-17,430.00M	-8,715.00M	-8,715.00M	-8,715.00M	-8,715.00M	-8,715.00M	-8,143.00M	-7,122.00M	-6,031.00M	-5,066.00M	-3,201.00M	-1,553.00M	-657.00M	-435.00M	-1,315.00M	-755.00M	-3,067.00M	-2,219.00M	-2,039.70M	-310.10M	-1,999.41M	-1,704.15M	-1,596.59M
Common Dividends Paid	-11,136.00M	-17,430.00M	-8,715.00M	-8,715.00M	-8,715.00M	-8,715.00M	-8,715.00M	-8,143.00M	-7,122.00M	-6,031.00M	-5,066.00M	-3,201.00M	-1,553.00M	-657.00M	-435.00M	-1,315.00M	-755.00M	-3,067.00M	-2,219.00M	-2,039.70M	-1,814.60M	-1,723.90M	-1,704.15M	-1,596.59M
Preferred Dividends Paid	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.30M	0.00M	1,448.30M	0.00M	0.00M
Other Financing Activities	-1,049.00M	41,199.00M	-3,560.00M	-20.00M	-1,784.00M	47,815.00M	-2,182.00M	-3,547.00M	-2,850.00M	-781.00M	-1,127.00M	-2,422.00M	-1,513.00M	-3,071.00M	-4,637.00M	-6,773.00M	-519.00M	-1,793.00M	-4,677.00M	-6,756.40M	2,587.50M	-10,384.60M	-205.10M	-207.69M
Net Cash from Financing Activities	-12,524.00M	27,357.00M	-21,199.00M	-5,417.00M	-21,305.00M	52,051.00M	-10,751.00M	-5,869.00M	-3,732.00M	15,080.00M	-1,851.00M	-739.00M	-7,208.00M	1,507.00M	-10,762.00M	7,255.00M	14,907.00M	-4,109.00M	7,200.00M	-6,824.50M	5,430.00M	3,650.24M	182.53M	-2,459.44M
Effect of FX on Cash	47.00M	-504.00M	-83.00M	-83.00M	-414.00M	55.00M	376.00M	-317.00M	-682.00M	1,047.00M	-628.00M	-64.00M	-35.00M	290.00M	-11.00M	197.00M	97.00M	-72.00M	721.00M	124.10M	4.60M	0.00M	0.00M	0.00M
Net Change in Cash	-1,979.00M	-5,431.00M	-7,853.00M	8,976.00M	1,558.00M	2,747.00M	-4,277.00M	-6,767.00M	-7,929.00M	7,989.00M	4,374.00M	-95.00M	-5,074.00M	1,178.00M	-6,347.00M	9,051.00M	-743.00M	-5,088.00M	6,156.00M	1,969.10M	3,226.80M	677.46M	1,343.24M	1,096.29M
Cash at Beginning of Period	47,888.00M	45,775.00M	18,638.00M	9,662.00M	8,496.00M	5,576.00M	9,740.00M	16,507.00M	20,828.00M	12,839.00M	8,465.00M	8,560.00M	13,634.00M	12,456.00M	18,803.00M	9,752.00M	10,495.00M	15,583.00M	9,427.00M	7,458.00M	4,231.20M	3,553.72M	2,210.48M	1,114.19M
Cash at End of Period	45,687.00M	40,344.00M	10,785.00M	18,638.00M	9,827.00M	8,496.00M	5,576.00M	9,740.00M	12,899.00M	20,828.00M	12,839.00M	8,465.00M	8,560.00M	13,634.00M	12,456.00M	18,803.00M	9,752.00M	10,495.00M	15,583.00M	9,427.10M	7,458.00M	4,231.17M	3,553.72M	2,210.48M
Operating Cash Flow	25,571.00M	19,319.00M	15,297.00M	14,460.00M	11,131.00M	685.00M	7,072.00M	6,744.00M	3,824.00M	-797.00M	6,330.00M	-778.00M	4,409.00M	-1,350.00M	2,642.00M	-600.00M	-17,282.00M	-4,740.00M	-442.00M	613.60M	158.00M	-4,018.78M	3,712.97M	1,895.72M
Capital Expenditure	-7,648.00M	-58,888.00M	0.00M	-4,568.00M	-3,186.00M	-54,850.00M	-2,562.00M	-3,569.00M	-2,134.00M	-28,000.00M	-3,414.00M	-729.00M	-5,233.00M	-507.00M	-498.00M	-471.00M	-377.00M	-743.00M	-994.00M	-974.80M	-1,639.90M	-1,152.78M	-130.45M	-254.27M
Free Cash Flow	17,923.00M	-39,569.00M	15,297.00M	14,460.00M	7,945.00M	-54,165.00M	4,510.00M	3,175.00M	1,690.00M	-28,797.00M	2,916.00M	-1,507.00M	-824.00M	-1,857.00M	2,144.00M	-1,071.00M	-17,659.00M	-5,483.00M	-1,436.00M	-361.20M	-1,481.90M	-5,171.56M	3,582.52M	1,641.45M

Free Cash Flow

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30
EBITDA	10,365.00M	28,350.00M	5,352.00M	6,938.00M	7,061.00M	9,723.00M	12,697.00M	10,119.00M	9,426.00M	9,444.00M	7,525.00M	7,586.00M	6,152.00M	5,488.00M	4,444.00M	4,346.00M	1,258.00M	5,344.00M	4,185.00M	3,082.80M	2,623.40M	2,220.53M	1,830.42M	1,628.83M
(-) Tax Adjustment	1,497.64M	3,181.39M	620.44M	442.43M	836.45M	1,275.91M	2,427.75M	1,079.98M	597.44M	627.20M	694.28M	475.87M	510.53M	536.31M	209.39M	370.47M	116.83M	682.19M	332.82M	169.84M	242.83M	361.94M	234.51M	321.38M
(-) Change In Working Capital	12,272.00M	4,810.00M	7,673.00M	6,773.00M	8,413.00M	-5,814.00M	2,548.00M	-1,058.00M	-8,773.00M	-6,483.00M	-225.00M	-9,056.00M	-703.00M	-5,974.00M	-8,227.00M	-4,286.00M	-17,931.00M	-8,698.00M	-3,928.00M	-2,082.80M	-886.60M	-5,785.41M	2,214.86M	452.99M
(-) Capital Expenditure	-7,648.00M	-58,888.00M	0.00M	-4,568.00M	-3,186.00M	-54,850.00M	-2,562.00M	-3,569.00M	-2,134.00M	-28,000.00M	-3,414.00M	-729.00M	-5,233.00M	-507.00M	-498.00M	-471.00M	-377.00M	-743.00M	-994.00M	-974.80M	-1,639.90M	-1,152.78M	-130.45M	-254.27M
Unlevered Free Cash Flow	-11,052.64M	-38,529.39M	-2,941.44M	-4,845.43M	-5,374.45M	-40,588.91M	5,159.25M	6,528.02M	15,467.56M	-12,700.20M	3,641.72M	15,437.13M	1,111.47M	10,418.69M	11,963.61M	7,790.53M	18,695.17M	12,616.81M	6,786.18M	4,020.96M	1,627.27M	6,491.22M	-749.39M	600.19M
(-) Net Interest Income After Taxes	-2,448.47M	-6,352.97M	-1,599.29M	-1,091.65M	-795.15M	-335.35M	286.31M	-1,735.63M	-1,633.46M	-1,082.96M	-1,384.30M	-1,363.73M	-361.30M	-329.33M	-524.09M	-889.14M	-879.92M	-1,169.81M	-530.19M	-225.83M	-322.68M	-175.32M	-96.64M	-53.08M
Net Debt Issuance	5,955.00M	3,588.00M	-8,924.00M	3,318.00M	-10,806.00M	12,951.00M	146.00M	5,821.00M	6,240.00M	21,892.00M	4,342.00M	4,884.00M	-4,142.00M	5,235.00M	-5,690.00M	5,317.00M	16,176.00M	751.00M	14,096.00M	-2,543.00M	4,657.10M	10,887.50M	-509.60M	-658.16M
Levered Free Cash Flow	-2,649.17M	-28,588.43M	-10,266.15M	-435.78M	-15,385.30M	-27,302.57M	5,018.94M	14,084.65M	23,341.02M	10,274.76M	9,368.02M	21,684.86M	-2,669.23M	15,983.02M	6,797.70M	13,996.68M	35,751.08M	14,537.63M	21,412.38M	1,703.80M	6,607.06M	17,554.04M	-1,162.35M	-4.89M