Fundamental Analysis &
Analyst Recommendations
QMS Advisors HDAX FlexIndex
October 2013
Q.M.S Advisors
Q.M.S Advisors | Av...
Currency
Market
Capitalization (in mio
USD)
Daily
Volume (M)
Total
Common
Shares (M)
Total Debt
(USD)
Preferred
Stock (USD...
Currency
Market
Capitalization (in mio
USD)
Daily
Volume (M)
Total
Common
Shares (M)
Total Debt
(USD)
Preferred
Stock (USD...
Currency
Market
Capitalization (in mio
USD)
Daily
Volume (M)
Total
Common
Shares (M)
Total Debt
(USD)
Preferred
Stock (USD...
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 20...
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 20...
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 20...
Currency
Price to
Book
Ratio
Positive
Net
Income
Positive
Operati
ng Cash
Flow
Increasi
ng ROA
Quality
of
Earning
s
Long
T...
Currency
Price to
Book
Ratio
Positive
Net
Income
Positive
Operati
ng Cash
Flow
Increasi
ng ROA
Quality
of
Earning
s
Long
T...
Currency
Price to
Book
Ratio
Positive
Net
Income
Positive
Operati
ng Cash
Flow
Increasi
ng ROA
Quality
of
Earning
s
Long
T...
27.09.2013
Adidas AG manufactures sports shoes and sports equipment. The Company produces
products that include footwear, ...
27.09.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
CAPITAL GROUP COMPAN n/a ULT-AGG ...
27.09.2013
ADVA AG Optical Networking designs, develops, and manufactures optical
networking products. The Company's produ...
27.09.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
EGORA GROUP n/a Co File 8'655'909...
27.09.2013
Carl Zeiss Meditec AG provides complete system solutions in the field of
medical technology for ophthalmology. ...
27.09.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
CARL ZEISS AG n/a Co File 52'851'...
27.09.2013
Aixtron SE engineers and manufactures metal organic chemical vapor deposition
(MOCVD) equipment for the semicon...
27.09.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
CAMMA GMBH n/a 20F 7'650'000 7.48...
27.09.2013
Allianz SE, through subsidiaries, offers insurance and financial services. The
Company offers property and casu...
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
Upcoming SlideShare
Loading in …5
×

Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110

2,464 views
2,348 views

Published on

Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110

The HDAX Index is a total rate of return index of the 110 most highly capitalized stocks traded on the
Frankfurt Stock Exchange. The HDAX has a base value of 500 as of December 31, 1987. As of June 18, 1999 only XETRA equity prices are used to calculate all DAX indices. All history from this data & prioruses floor traded equity prices. Successor to the DAX 100 Index.

ADS GY Equity
ADV GY Equity
AFX GY Equity
AIXA GY Equity
ALV GY Equity
ARL GY Equity
BAS GY Equity
BAYN GY Equity
BBZA GY Equity
BC8 GY Equity
BEI GY Equity
BMW GY Equity
BNR GY Equity
BOSS GY Equity
CBK GY Equity
CLS1 GY Equity
COK GY Equity
CON GY Equity
COP GY Equity
DAI GY Equity
DB1 GY Equity
DBK GY Equity
DEQ GY Equity
DLG GY Equity
DPW GY Equity
DRI GY Equity
DRW3 GY Equity
DTE GY Equity
DUE GY Equity
DWNI GY Equity
EAD GY Equity
EOAN GY Equity
EVK GY Equity
EVT GY Equity
FIE GY Equity
FME GY Equity
FNTN GY Equity
FPE3 GY Equity
FRA GY Equity
FRE GY Equity
G1A GY Equity
GBF GY Equity
GFJ GY Equity
GIB GY Equity
GIL GY Equity
GWI1 GY Equity
GXI GY Equity
HEI GY Equity
HEN3 GY Equity
HNR1 GY Equity
HOT GY Equity
IFX GY Equity
JEN GY Equity
KBC GY Equity
KCO GY Equity
KD8 GY Equity
KRN GY Equity
KU2 GY Equity
LEG GY Equity
LEO GY Equity
LHA GY Equity
LIN GY Equity
LPK GY Equity
LXS GY Equity
MAN GY Equity
MEO GY Equity
MOR GY Equity
MRK GY Equity
MTX GY Equity
MUV2 GY Equity
NDA GY Equity
NDX1 GY Equity
NEM GY Equity
NOEJ GY Equity
O1BC GY Equity
O2D GY Equity
OSR GY Equity
PFV GY Equity
PSAN GY Equity
PSM GY Equity
QIA GY Equity
QSC GY Equity
RAA GY Equity
RHK GY Equity
RHM GY Equity
RRTL GY Equity
RWE GY Equity
S92 GY Equity
SAP GY Equity
SAZ GY Equity
SBS GY Equity
SDF GY Equity
SIE GY Equity
SKYD GY Equity
SOW GY Equity
SPR GY Equity
SRT3 GY Equity
SY1 GY Equity
SZG GY Equity
SZU GY Equity
TEG GY Equity
TKA GY Equity
TLX GY Equity
TUI1 GY Equity
UTDI GY Equity
VOW3 GY Equity
WCH GY Equity
WDI GY Equity
WIN GY Equity
ZIL2 GY Equity

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
2,464
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
4
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110

  1. 1. Fundamental Analysis & Analyst Recommendations QMS Advisors HDAX FlexIndex October 2013 Q.M.S Advisors Q.M.S Advisors | Avenue de la Gare, 1 1003 Lausanne | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com | This material does not constitute investment advice and should not be viewed as a current or past recommendation or a solicitation of an offer to buy or sell any securities or to adopt any investment strategy.
  2. 2. Currency Market Capitalization (in mio USD) Daily Volume (M) Total Common Shares (M) Total Debt (USD) Preferred Stock (USD) Minority Interest (USD) Cash and Equivalents (USD) Enterprise Value (USD) Tot. Rev. - LFY Est. Tot. Rev. - Tr. 12M Est. Tot. Rev. - 2013 Est. Tot. Rev. - 2014 EBITDA - LFY Est. EBITDA - Tr. 12M Est. EBITDA - 2013 Est. EBITDA - 2014 EPS - LFY Est. EPS - Tr. 12M Est. EPS - 2013 Est. EPS - 2014 P/E Ratio - LFY Est. P/E Ratio - Tr. 12M Est. P/E Ratio - 2013 Est. P/E Ratio - 2014 Est. Revenue Growth - 1Y Est. Revenue Growth - 5Y Est. EBITDA Growth - 1Y Est. Est. EBITDA Growth - 5Y Est. EBITDA Margin - S&P LT Credit Rating - S&P LT Credit Rating Date Moody's LT Credit Rating Moody's LT Credit Rating Date S&P 500 INDEX USD 15589099 2072.157 1117 1117 203 219 219 104.06 110.23 110.23 16.29 16.29 15.38 15.38 18.48 Euro Stoxx 50 Pr EUR 2984944 6002.296 4677 4677 776 790 790 234.33 302.66 302.66 22.82 20.47 17.67 17.67 21.66 NIKKEI 225 JPY 2857793 203.0095 197 197 19 22 22 6.11 8.07 8.07 0.25 0.24 0.19 0.19 0.12 FTSE 100 INDEX GBP 2928075 12748.62 10012 10012 1524 1661 1661 538.12 807.42 807.42 31.40 24.43 20.93 20.93 22.98 SWISS MARKET INDEX CHF 1120741 11464.75 4198 4198 969 861 861 454.08 567.77 567.77 21.44 18.26 17.14 17.14 24.51 S&P/TSX COMPOSITE INDEX CAD 1697982 17615.94 7406 7406 1859 1968 1968 732.48 803.81 803.81 16.58 16.59 15.11 15.11 24.14 S&P/ASX 200 INDEX AUD 1366032 6451.078 2681 2681 547 684 684 215.80 320.53 320.53 21.50 17.78 14.48 14.48 19.99 HANG SENG INDEX HKD 1793920 3572.425 1668 1668 376 393 393 278.61 269.06 269.06 1.39 1.48 1.43 1.43 2.98 MSCI EM USD 7592957 1394.039 983 983 191 180 180 84.97 88.32 88.32 11.89 12.19 11.44 11.44 19.60 ADIDAS AG EUR 22492 669 209 2 0 0 3 22.60 20123 19843 19872 21355 1969 2019 723 723 3.41 3.56 5.63 6.87 40.88 40.88 25.82 21.18 15.84 8.71 28.03 6.12 13.75 - - - - ADVA OPTICAL NETWORKING SE EUR 303 114 48 0 0 0 0 0.25 446 430 440 474 61 50 17 17 0.47 0.23 0.20 0.29 36.47 34.48 43.22 29.21 8.32 11.74 27.17 7.30 15.85 - - - - CARL ZEISS MEDITEC AG - BR EUR 2446 36 81 0 0 0 0 2.51 1165 1190 1207 1291 190 194 57 57 1.19 1.41 1.48 1.56 28.93 28.93 27.50 26.02 18.37 9.80 20.18 15.41 22.10 - - - - AIXTRON SE EUR 1798 284 101 0 0 0 0 1.51 308 305 306 505 -147 -225 -3 -3 -1.95 -2.80 -1.03 0.38 - - 61.91 -84.79 38.10 - - -99.79 - - - - ALLIANZ SE-REG EUR 72745 1035 453 26 0 4 17 83.54 129827 131187 138510 142326 - - - - 15.72 32.71 17.69 18.21 6.59 12.33 12.19 11.84 13.36 4.48 - - - AA 27.01.2012 Aa3 03.05.2004 AAREAL BANK AG EUR 1779 107 60 39 0 0 5 25.15 1601 1470 904 956 923 - - - 2.37 2.31 2.23 2.83 17.38 17.38 18.06 14.22 -16.36 -16.34 -17.87 -24.98 - - - WR 26.03.2012 BASF SE EUR 89600 1467 918 17 0 1 2 107.75 97524 101517 100259 96009 13073 13327 3021 3021 7.10 6.67 7.24 7.95 19.79 19.79 18.21 16.60 -2.52 5.34 -24.93 -2.16 17.75 A+ 10.05.2011 A1 17.11.2010 BAYER AG-REG EUR 96615 998 827 13 0 0 3 108.69 53759 54290 55228 58268 12170 12569 2499 2499 7.56 4.75 7.77 8.77 33.29 23.57 20.33 18.02 11.96 5.76 0.57 8.37 31.30 A- 30.04.2008 A3 17.07.2006 BB BIOTECH AG-REG EUR 1828 12 2.43 - - - - - - - - - - - - - - - - - BECHTLE AG EUR 1071 6 21 0 0 0 0 1.06 2835 2902 2985 3146 138 135 - - 3.64 3.47 3.89 4.41 19.84 19.84 17.71 15.64 6.91 12.12 2.61 10.05 6.27 - - - - BEIERSDORF AG EUR 22341 275 227 0 0 0 2 20.20 8167 8303 8423 8889 1272 1352 339 339 2.76 2.87 3.14 3.58 41.82 41.82 38.16 33.48 9.77 0.37 16.44 4.43 22.02 - - - - BAYERISCHE MOTOREN WERKE AG EUR 69715 818 656 94 0 0 18 147.43 103905 103368 106075 111608 21975 21677 - - 10.50 10.65 10.69 11.04 13.82 13.82 13.78 13.34 15.77 8.97 7.05 21.79 28.35 A 16.04.2012 A2 22.07.2011 BRENNTAG AG EUR 8586 30 52 2 0 0 0 10.73 13102 13221 13513 14207 951 921 253 253 8.77 8.25 8.82 10.09 27.33 27.33 25.55 22.33 15.74 - 9.46 15.70 9.42 BBB- 09.06.2011 - - HUGO BOSS AG -ORD EUR 9113 42 69 1 0 0 0 9.45 3172 3217 3377 3671 712 718 260 260 6.17 6.02 6.73 7.71 29.09 28.35 26.00 22.69 18.85 15.04 16.77 17.39 30.18 - - - - COMMERZBANK AG EUR 13523 28880 779 318 3 1 65 27044 25795 12930 13404 - - - - -0.01 -1.55 0.48 1.11 - - 33.37 14.50 -9.20 -7.68 - - - A- 28.05.2013 Baa1 23.04.2013 CELESIO AG EUR 3828 238 170 3 0 0 1 6.04 30112 29411 28973 29387 828 874 196 196 1.18 1.27 1.46 1.75 23.94 18.67 20.79 17.43 0.72 0.39 6.40 -9.49 4.02 - - - - CANCOM SE EUR 342 60 11 0 0 0 0 0.35 755 764 785 820 38 40 41 41 1.55 1.62 1.78 2.05 24.90 24.90 22.76 19.75 3.40 18.11 16.54 43.42 7.04 - - - - CONTINENTAL AG EUR 34060 210 200 13 0 1 4 44.66 44262 44354 45920 48784 6666 6739 1735 1735 12.99 13.68 14.34 16.43 16.83 16.53 16.05 14.02 9.89 10.27 20.65 19.16 20.54 BB 24.05.2013 Baa3 19.09.2013 COMPUGROUP MEDICAL AG EUR 1328 4 50 0 0 0 0 1.65 609 609 623 659 148 137 - - 0.91 0.80 1.34 1.71 42.29 42.29 25.15 19.69 18.12 27.82 68.77 23.16 30.43 - - - - DAIMLER AG-REGISTERED SHARES EUR 83837 1787 1068 114 0 2 20 178.32 154539 154402 158756 169596 16412 14676 - - 7.67 8.48 6.49 7.49 12.50 25.40 16.33 14.14 9.84 6.13 -0.86 -7.01 12.85 A- 23.02.2012 A3 01.10.2007 DEUTSCHE BOERSE AG EUR 14514 282 184 2 0 0 1 15.97 2971 2948 2835 2999 1460 1342 370 370 4.64 4.42 4.90 5.54 23.00 23.07 20.76 18.34 -6.51 -4.91 -17.52 -5.18 61.58 AA 13.02.2012 WR 17.05.2006 DEUTSCHE BANK AG-REGISTERED EUR 47419 8609 929 377 0 1 199 70713 66671 45052 45880 - - - - 4.18 0.24 4.95 6.10 258.40 26.24 12.71 10.31 -0.93 -9.09 - - - A 02.07.2013 A2 21.06.2012 DEUTSCHE EUROSHOP AG EUR 2358 38 54 2 0 0 0 4.36 292 271 265 277 247 228 57 57 3.02 3.39 2.67 2.72 17.42 18.49 22.11 21.75 16.08 13.71 12.23 23.85 114.06 - - - - DIALOG SEMICONDUCTOR PLC EUR 1387 480 65 0 0 0 0 1.22 1046 1054 1166 1401 169 169 - - 1.28 1.18 1.40 2.01 31.66 31.41 26.59 18.50 63.17 49.99 60.06 - 21.71 - - - - DEUTSCHE POST AG-REG EUR 39331 4050 1209 7 0 0 4 43.69 75057 75053 77110 80392 5326 5489 1355 1355 1.98 2.06 2.04 2.19 21.40 23.14 21.57 20.06 6.87 1.25 10.03 -3.26 9.89 NR 27.11.2012 WR 31.07.2006 DRILLISCH AG EUR 1271 188 49 0 0 0 0 1.33 438 410 403 412 84 85 95 95 0.62 4.37 2.56 1.54 7.40 7.40 12.62 21.04 -9.84 -5.00 27.49 12.49 28.03 - - - - DRAEGERWERK AG - PREF EUR 1931 7 17 1 0 0 0 2.18 3209 3247 3283 3401 405 390 387 387 10.32 9.78 9.89 10.98 18.03 18.31 17.81 16.05 7.05 6.20 11.46 14.47 16.23 - - - - DEUTSCHE TELEKOM AG-REG EUR 63734 10287 4319 60 0 6 8 131.39 78649 78826 80111 81121 23970 23659 6082 6082 1.36 -1.60 0.86 0.94 - 13.85 22.58 20.69 -1.12 0.26 -16.56 2.01 40.58 BBB+ 19.05.2008 Baa1 22.12.2011 DUERR AG EUR 2529 39 35 0 0 0 0 2.55 3245 3202 3387 3503 278 293 80 80 4.20 4.57 4.94 5.15 21.63 21.57 19.99 19.17 33.62 17.06 55.64 32.40 12.35 NR 01.11.2010 - - DEUTSCHE WOHNEN AG-BR EUR 2997 276 146 4 0 0 0 7.02 611 681 528 558 252 321 88 88 1.55 1.30 1.06 1.16 18.47 18.47 22.65 20.67 22.33 10.70 41.09 14.84 63.62 - - - - EADS NV EUR 49616 90 6 0 0 15 47.71 76366 78256 79243 84362 5310 5896 1742 1742 - - 3.65 4.92 - - 23.34 17.32 20.23 9.98 32.18 31.24 10.19 A 06.09.2013 (P)A2 06.12.2012 E.ON SE EUR 36497 5180 1907 35 0 5 8 64.89 178601 177574 161688 164496 11416 13475 - - 2.45 1.66 1.68 1.61 14.83 9.60 14.69 15.33 22.91 13.33 132.20 -7.11 10.26 A- 27.07.2012 A3 05.10.2011 EVONIK INDUSTRIES AG EUR 17563 18 466 4 0 0 1 20.40 18428 17875 17469 18353 3637 3194 687 687 3.41 3.06 2.47 2.83 16.68 16.84 20.62 18.03 -8.47 -4.08 2.25 7.87 24.16 BBB+ 09.05.2012 Baa2 20.03.2013 EVOTEC AG EUR 517 293 119 0 0 0 0 0.46 118 111 131 149 8 2 21 21 0.06 -0.03 0.08 0.13 - - 76.38 45.35 12.04 32.50 -57.80 - 1.97 - - - - FIELMANN AG EUR 4424 17 42 0 0 0 0 3.97 1497 1525 1573 1654 291 295 - - 4.07 4.14 4.35 4.67 34.42 34.42 32.75 30.51 6.88 6.48 4.26 7.28 26.15 - - - - FRESENIUS MEDICAL CARE AG & EUR 20409 691 307 11 0 1 1 29.04 18659 19200 19722 20591 3815 3802 952 952 5.23 4.49 4.86 5.11 26.69 26.85 24.63 23.42 13.23 8.50 9.72 10.47 26.77 BB+ 19.09.2012 - - FREENET AG EUR 3135 382 128 1 0 0 0 3.87 4177 4310 4366 4399 476 478 120 120 1.83 2.18 2.48 2.61 15.20 15.20 13.34 12.66 -7.35 37.19 6.34 13.88 14.99 - - - - FUCHS PETROLUB SE -PREF EUR 5580 38 71 0 0 0 0 5.47 2460 2460 2532 2651 417 429 123 123 3.95 4.03 4.19 4.46 28.34 28.34 27.26 25.60 13.72 8.40 10.70 9.86 23.59 - - - - FRAPORT AG FRANKFURT AIRPORT EUR 6416 28 92 6 0 0 1 11.80 3302 3381 3491 3591 1153 1165 - - 3.53 3.42 3.30 3.86 27.48 23.03 28.47 24.33 4.04 7.12 7.67 9.25 46.59 - - - - FRESENIUS SE & CO KGAA EUR 22344 354 178 16 0 7 1 44.48 26082 27097 27857 30222 5082 5128 1317 1317 6.54 7.25 7.91 8.99 23.38 23.62 21.42 18.85 24.21 16.37 21.80 17.73 25.59 BB+ 19.09.2012 WR 30.04.2006 GEA GROUP AG EUR 7964 154 192 2 0 0 1 8.59 7734 7761 7974 8340 860 916 - - 2.30 2.50 2.71 3.08 22.36 22.73 20.66 18.16 7.58 4.09 9.37 11.81 15.96 - - - - BILFINGER SE EUR 4794 109 44 2 0 0 1 5.13 11505 11505 11733 12275 935 935 - - 8.66 8.42 7.45 8.41 16.72 16.26 18.90 16.74 4.95 0.88 48.82 22.12 10.99 BBB+ 23.10.2012 - - GAGFAH SA EUR 2809 140 195 7 0 0 0 9.55 1435 1436 1103 1116 484 457 - - 0.38 0.13 0.60 0.91 131.92 104.24 29.23 19.33 -25.60 3.50 -4.98 29.29 43.07 - - - - GSW IMMOBILIEN AG EUR 2206 29 51 3 0 0 0 4.63 431 479 322 344 220 236 - - 2.37 4.33 2.61 2.65 13.65 24.24 22.61 22.31 -3.48 - 0.72 -0.22 66.71 - - - - GILDEMEISTER AG EUR 2158 687 62 0 0 0 0 2.15 2755 2833 2825 2994 224 245 - - 1.73 1.76 1.75 2.02 20.99 20.99 21.18 18.29 28.02 7.56 23.41 1.36 11.67 NR 23.09.2009 - - GERRY WEBER INTL AG EUR 1893 60 46 0 0 0 0 1.91 1085 1137 1161 1274 182 177 68 68 2.34 2.22 2.22 2.70 25.14 24.99 25.16 20.67 19.16 13.31 23.52 22.81 21.04 - - - - GERRESHEIMER AG EUR 1901 257 31 1 0 0 0 2.64 1648 1704 1741 1854 309 316 84 84 2.60 2.51 3.66 4.40 32.55 32.55 22.38 18.62 15.36 4.80 11.86 4.21 25.08 BBB- 23.02.2011 Ba1 17.05.2011 HEIDELBERGCEMENT AG EUR 14879 450 188 11 0 1 2 25.86 18956 18929 19407 20400 3410 3757 1193 1193 1.61 2.29 4.74 6.18 46.95 46.95 22.61 17.36 11.72 0.60 8.74 1.61 26.84 NR 22.11.2012 (P)Ba2 31.05.2011 HENKEL AG & CO KGAA VORZUG EUR 41097 487 434 5 0 0 5 41.46 22323 22465 22759 23858 3761 3798 1018 1018 4.96 4.81 5.45 5.98 28.74 27.00 25.39 23.14 7.84 4.48 18.70 12.97 22.86 A 18.05.2011 A2 01.06.2011 HANNOVER RUECK SE EUR 8984 76 121 3 0 1 1 12.48 18604 19185 19210 19848 - - - - 9.63 9.65 9.30 9.26 10.43 10.43 10.83 10.88 18.22 18.46 - - - AA- 10.06.2006 - - Valuation Measures I/II Market Capitalization & Asset Liability data Total Revenue EBITDA Earnings Per Share Price/Earnings ratio Rev. Growth EBITDA Growth Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  3. 3. Currency Market Capitalization (in mio USD) Daily Volume (M) Total Common Shares (M) Total Debt (USD) Preferred Stock (USD) Minority Interest (USD) Cash and Equivalents (USD) Enterprise Value (USD) Tot. Rev. - LFY Est. Tot. Rev. - Tr. 12M Est. Tot. Rev. - 2013 Est. Tot. Rev. - 2014 EBITDA - LFY Est. EBITDA - Tr. 12M Est. EBITDA - 2013 Est. EBITDA - 2014 EPS - LFY Est. EPS - Tr. 12M Est. EPS - 2013 Est. EPS - 2014 P/E Ratio - LFY Est. P/E Ratio - Tr. 12M Est. P/E Ratio - 2013 Est. P/E Ratio - 2014 Est. Revenue Growth - 1Y Est. Revenue Growth - 5Y Est. EBITDA Growth - 1Y Est. Est. EBITDA Growth - 5Y Est. EBITDA Margin - S&P LT Credit Rating - S&P LT Credit Rating Date Moody's LT Credit Rating Moody's LT Credit Rating Date S&P 500 INDEX USD 15589099 2072.157 1117 1117 203 219 219 104.06 110.23 110.23 16.29 16.29 15.38 15.38 18.48 Euro Stoxx 50 Pr EUR 2984944 6002.296 4677 4677 776 790 790 234.33 302.66 302.66 22.82 20.47 17.67 17.67 21.66 NIKKEI 225 JPY 2857793 203.0095 197 197 19 22 22 6.11 8.07 8.07 0.25 0.24 0.19 0.19 0.12 FTSE 100 INDEX GBP 2928075 12748.62 10012 10012 1524 1661 1661 538.12 807.42 807.42 31.40 24.43 20.93 20.93 22.98 SWISS MARKET INDEX CHF 1120741 11464.75 4198 4198 969 861 861 454.08 567.77 567.77 21.44 18.26 17.14 17.14 24.51 S&P/TSX COMPOSITE INDEX CAD 1697982 17615.94 7406 7406 1859 1968 1968 732.48 803.81 803.81 16.58 16.59 15.11 15.11 24.14 S&P/ASX 200 INDEX AUD 1366032 6451.078 2681 2681 547 684 684 215.80 320.53 320.53 21.50 17.78 14.48 14.48 19.99 HANG SENG INDEX HKD 1793920 3572.425 1668 1668 376 393 393 278.61 269.06 269.06 1.39 1.48 1.43 1.43 2.98 MSCI EM USD 7592957 1394.039 983 983 191 180 180 84.97 88.32 88.32 11.89 12.19 11.44 11.44 19.60 HOCHTIEF AG EUR 6766 98 74 6 0 2 4 11.75 34516 35323 34898 35392 1997 2439 - - 1.90 6.12 4.50 4.92 19.40 19.40 26.39 24.13 13.04 8.94 -15.90 44.19 9.34 - - - - INFINEON TECHNOLOGIES AG EUR 11079 3277 1080 0 0 0 3 8.60 5279 5101 5190 5687 1191 982 349 349 0.53 0.34 0.32 0.54 41.00 41.00 42.70 25.75 -3.15 1.69 -26.72 3.55 26.02 - - - - JENOPTIK AG EUR 864 30 57 0 0 0 0 0.97 791 791 821 883 114 110 - - 1.10 1.04 0.85 1.09 19.61 19.61 23.97 18.74 10.38 3.93 -12.74 3.69 18.84 NR 04.06.2008 WR 15.11.2007 KONTRON AG EUR 350 96 56 0 0 0 0 0.36 740 729 737 781 16 1 22 22 -0.80 -1.04 -0.23 0.20 - - 43.11 -9.77 3.76 -106.93 -35.31 0.21 - - - - KLOECKNER & CO SE EUR 1387 287 100 1 0 0 1 2.06 9989 9196 9130 9509 81 73 47 47 -2.65 -2.26 -0.45 0.43 - - 43.32 5.58 5.76 -94.58 -39.67 1.08 B+ 27.03.2013 - - KABEL DEUTSCHLAND HOLDING AG EUR 11239 26 89 5 0 0 1 15.10 2474 2502 2657 2872 1064 1041 311 311 3.77 3.22 3.99 4.73 53.34 53.34 43.04 36.28 10.36 9.67 3.18 17.12 56.27 BB *+ 02.08.2013 B1 *+ 25.07.2013 KRONES AG EUR 2671 56 32 0 0 0 0 2.52 3602 3721 3765 3962 243 265 72 72 2.99 3.46 5.06 5.77 33.03 33.03 22.60 19.80 10.02 5.94 40.45 -0.94 9.62 - - - - KUKA AG EUR 1461 75 34 0 0 0 0 1.36 2352 2429 2508 2623 177 191 58 58 2.22 2.29 2.60 2.95 25.49 25.49 22.42 19.72 28.59 14.52 61.24 7.68 10.63 BB- 31.07.2013 - - LEG IMMOBILIEN AG EUR 3002 26 53 3 0 0 0 6.22 700 700 652 690 256 256 - - 0.78 7.03 3.65 4.27 10.90 98.23 21.01 17.97 0.67 - 24.30 - 49.41 - - - - LEONI AG EUR 1944 157 33 1 0 0 0 2.45 5150 5195 5178 5576 484 402 - - 6.75 4.25 4.36 6.11 18.95 18.99 18.45 13.17 3.93 10.52 1.65 14.37 10.45 - - - - DEUTSCHE LUFTHANSA-REG EUR 9036 3667 460 10 0 0 7 10.97 40745 40684 41540 42951 3337 3396 1755 1755 1.34 2.80 1.49 2.33 9.49 20.05 17.84 11.39 6.59 7.04 -16.75 -3.14 11.29 BBB- 27.08.2009 Ba1 03.09.2009 LINDE AG EUR 37353 306 185 14 0 1 3 50.67 20660 22057 23106 24627 4655 5118 1375 1375 9.36 9.65 11.26 12.68 28.24 28.62 24.22 21.51 14.64 7.42 14.91 10.85 31.37 A 25.05.2012 A3 28.04.2010 LPKF LASER & ELECTRONICS EUR 408 43 22 0 0 0 0 0.43 156 182 164 181 38 49 39 39 0.82 1.14 0.90 0.98 21.69 21.69 27.69 25.21 35.57 37.54 57.32 38.59 36.07 - - - - LANXESS AG EUR 5541 586 83 3 0 0 1 8.34 12296 11517 11321 12197 1705 1199 255 255 8.86 2.92 2.18 5.39 30.83 30.83 41.34 16.70 4.92 9.98 19.93 17.91 14.08 BBB 31.07.2007 - - MAN SE EUR 17425 39 147 7 0 0 2 24.01 21325 21115 21306 22337 2011 1183 - - 2.78 -2.22 1.53 5.73 - - 104.73 27.99 -5.75 2.11 -50.12 -7.55 7.58 NR 20.12.2012 A3 30.04.2009 METRO AG EUR 13164 460 327 12 0 0 7 21.72 90237 89274 69582 88256 4478 4588 - - 0.87 0.50 0.07 2.87 108.93 100.73 789.78 18.97 1.67 -1.11 -14.28 1.56 6.95 BBB- 11.10.2012 Baa3 09.10.2012 MORPHOSYS AG EUR 1967 76 23 0 0 0 0 1.77 70 109 105 99 11 36 14 14 0.14 0.93 0.45 -0.03 111.03 112.66 230.06 -49.68 34.74 -63.13 -7.90 44.97 - - - - MERCK KGAA EUR 33772 141 217 6 0 0 3 35.62 14522 14654 15182 15292 3945 4155 1047 1047 6.12 6.45 11.72 12.25 32.46 26.25 17.86 17.09 11.40 11.96 11.46 12.02 38.34 A 29.05.2013 A3 04.07.2013 MTU AERO ENGINES AG EUR 4917 166 51 1 0 0 0 5.61 4568 4965 5053 5437 664 663 - - 4.64 3.52 5.84 6.73 36.37 36.37 21.87 18.98 20.59 11.02 22.52 6.19 18.04 NR 11.05.2010 Baa3 08.06.2012 MUENCHENER RUECKVER AG-REG EUR 34772 461 179 8 0 0 4 37.21 89097 88606 73672 75241 - - - - 24.31 23.55 22.57 22.63 11.13 11.13 11.61 11.59 11.07 9.16 - - - AA- 22.12.2006 - - AURUBIS AG EUR 2747 102 45 1 0 0 1 3.05 18644 17827 17416 17535 1007 602 104 104 10.86 -3.87 4.15 5.71 - - 19.88 14.47 4.60 9.31 38.71 20.08 4.40 - - - - NORDEX SE EUR 1022 213 74 0 0 0 0 1.03 1454 1778 1766 1848 30 73 99 99 -1.68 -1.28 0.21 0.45 - - 87.42 41.99 23.37 18.40 - -20.89 5.58 - - - - NEMETSCHEK AG EUR 587 0 10 0 0 0 0 0.53 237 242 253 273 54 57 - - 2.65 2.89 3.28 4.01 28.50 28.50 25.14 20.54 9.13 5.99 6.94 4.54 31.58 - - - - NORMA GROUP SE EUR 1469 31 32 0 0 0 0 1.70 817 824 868 925 174 163 44 44 2.42 2.33 2.74 3.10 26.81 26.81 22.73 20.10 5.41 - 22.96 - 26.70 - - - - XING AG EUR 570 8 5 0 0 0 0 0.48 98 104 113 128 34 36 32 32 1.93 2.08 2.55 3.61 66.29 68.05 54.18 38.19 14.58 26.96 -74.23 37.19 46.84 - - - - TELEFONICA DEUTSCHLAND HOLDI EUR 8960 1173 1117 2 0 0 0 10.43 7048 7048 6777 6759 1733 1733 452 452 0.38 0.38 0.09 0.14 28.65 28.65 125.34 80.22 4.76 - 14.95 - 33.24 - - - - OSRAM LICHT AG EUR 5002 98 0 0 0 0 4.97 7301 7301 7177 7417 535 535 99 99 - - 1.97 3.01 - - 32.86 21.47 9.91 - -55.45 - 9.90 - - - - PFEIFFER VACUUM TECHNOLOGY EUR 1227 17 10 0 0 0 0 1.19 624 566 586 636 118 99 24 24 6.21 4.92 5.26 7.01 34.15 34.15 31.95 23.99 -15.14 42.86 6.76 12.57 23.54 - - - - PSI AG EUR 244 123 16 0 0 0 0 0.21 245 247 258 280 23 23 23 23 0.81 0.59 0.74 1.13 35.47 35.47 28.30 18.52 9.05 10.09 20.98 26.00 12.34 - - - - PROSIEBEN SAT.1 MEDIA AG-REG EUR 9351 382 212 4 0 0 1 10.52 3186 2955 3480 3684 927 896 195 195 2.08 2.15 2.50 2.75 26.88 27.05 23.10 21.01 9.65 -5.65 -0.45 7.55 40.99 - - WR 01.08.2007 QIAGEN N.V. EUR 4982 154 236 1 0 0 1 5.48 1696 1717 1770 1866 546 416 133 133 0.93 0.99 1.53 1.64 39.34 39.34 25.42 23.66 9.79 10.41 50.69 23.83 32.80 - - - - QSC AG EUR 628 630 124 0 0 0 0 0.70 651 643 616 635 105 108 107 107 0.19 0.26 0.24 0.31 26.69 26.69 29.14 22.24 0.97 3.72 -4.94 24.29 22.77 - - - - RATIONAL AG EUR 3431 3 11 0 0 0 0 3.29 588 597 618 678 176 - - - 11.09 10.78 11.15 12.65 37.86 37.86 36.59 32.26 14.94 6.02 27.58 7.69 - - - - - RHOEN-KLINIKUM AG EUR 3495 255 138 1 0 0 0 4.61 3874 4031 4103 3764 394 450 115 115 0.88 0.88 1.10 1.27 38.90 38.69 31.10 26.93 12.12 9.99 -25.23 4.24 15.09 - - Baa3 03.12.2012 RHEINMETALL AG EUR 2263 91 38 1 0 0 1 2.82 6360 6102 6371 6620 648 437 54 54 6.82 2.87 2.35 5.25 26.96 26.96 32.86 14.73 7.59 4.73 -10.90 4.61 9.68 NR 12.12.2008 Baa3 *- 01.08.2013 RTL GROUP EUR 15487 2 0 0 1 1 16.35 8110 8061 8061 8280 1673 1736 1712 1712 - - 6.17 6.39 - - 21.92 21.18 5.46 -0.65 -2.99 10.37 29.12 BBB+ 23.05.2011 WR 31.08.2005 RWE AG EUR 20713 1943 615 27 4 2 7 48.69 68647 70383 72705 72014 12243 14331 - - 2.63 1.65 5.28 3.92 27.75 14.23 8.67 11.69 4.45 2.88 41.92 4.14 27.53 BBB+ 27.07.2012 Baa1 21.06.2013 SMA SOLAR TECHNOLOGY AG EUR 1164 22 35 0 0 0 1 0.80 1979 1475 1440 1497 234 150 - - 2.92 0.03 -0.89 0.11 1677.93 1677.93 394.81 -17.18 36.58 -54.25 24.54 13.75 - - - - SAP AG EUR 93018 1833 1192 7 0 0 4 95.12 21935 22496 23334 25416 6763 6931 2018 2018 3.22 3.38 4.59 5.14 30.29 30.10 22.28 19.92 18.90 10.48 9.83 14.94 41.66 - - - - STADA ARZNEIMITTEL AG EUR 2959 124 59 2 0 0 0 4.92 2485 2605 2713 2940 433 467 124 124 1.95 2.39 3.79 4.63 28.11 27.95 17.67 14.47 9.63 4.82 59.60 0.27 24.23 - - - - STRATEC BIOMEDICAL AG EUR 491 6 12 0 0 0 0 0.48 166 167 179 203 28 28 33 33 1.61 1.54 1.81 2.19 36.67 36.35 31.20 25.85 6.80 17.91 -20.37 6.72 22.49 - - - - K+S AG-REG EUR 5099 3998 191 2 0 0 1 5.59 5321 4943 5330 4988 1460 1375 222 222 4.06 3.65 3.22 1.56 9.87 9.79 11.20 23.11 -2.08 -3.68 -5.13 28.22 37.61 BBB+ *- 05.08.2013 Baa2 *- 07.08.2013 SIEMENS AG-REG EUR 107469 1267 856 30 0 1 15 125.54 105863 104232 103545 106699 13052 11766 2231 2231 7.57 7.37 7.40 9.44 22.38 22.59 22.29 17.46 9.26 0.28 -10.81 1.13 15.26 A+ 05.06.2009 - - SKY DEUTSCHLAND AG EUR 8037 640 779 1 0 0 0 8.50 1803 1930 2106 2454 -69 12 16 16 -0.34 -0.23 -0.18 -0.03 - - 23.09 11.90 90.66 - 0.85 - - - - SOFTWARE AG EUR 3061 101 87 0 0 0 0 3.18 1416 1348 1352 1422 394 361 - - 2.56 2.31 2.58 2.86 20.60 20.60 18.46 16.68 -6.28 12.11 -5.88 17.81 36.17 - - - - AXEL SPRINGER AG EUR 5396 37 99 1 0 0 0 6.47 4476 4485 4576 4214 825 803 214 214 3.26 3.16 3.58 3.50 23.31 22.86 20.61 21.06 5.32 4.85 9.48 11.09 24.22 - - - - SARTORIUS AG-VORZUG EUR 2008 3 17 0 0 0 2.57 1143 1169 1221 1301 243 261 234 234 3.20 4.20 5.40 6.19 34.75 34.75 27.06 23.59 20.77 11.03 29.28 24.17 30.12 - - - - SYMRISE AG EUR 5177 102 118 1 0 0 0 5.93 2346 2431 2492 2625 458 481 134 134 1.80 1.92 2.21 2.44 30.85 31.07 26.74 24.30 12.92 10.07 9.81 6.07 26.77 - - - - SALZGITTER AG EUR 2542 150 54 1 0 0 1 2.47 14058 13515 13361 13764 563 501 69 69 -2.08 -9.87 -7.18 1.53 - - 37.30 7.66 -3.32 -41.87 -30.39 5.02 - - - - SUEDZUCKER AG EUR 5984 731 204 2 0 1 1 9.01 10653 10847 10773 10791 1688 1646 - - 4.02 3.52 3.01 2.96 11.27 11.82 13.16 13.38 17.15 9.27 29.20 29.39 20.52 BBB+ 05.06.2012 - - Valuation Measures I/II Market Capitalization & Asset Liability data Total Revenue EBITDA Earnings Per Share Price/Earnings ratio Rev. Growth EBITDA Growth Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  4. 4. Currency Market Capitalization (in mio USD) Daily Volume (M) Total Common Shares (M) Total Debt (USD) Preferred Stock (USD) Minority Interest (USD) Cash and Equivalents (USD) Enterprise Value (USD) Tot. Rev. - LFY Est. Tot. Rev. - Tr. 12M Est. Tot. Rev. - 2013 Est. Tot. Rev. - 2014 EBITDA - LFY Est. EBITDA - Tr. 12M Est. EBITDA - 2013 Est. EBITDA - 2014 EPS - LFY Est. EPS - Tr. 12M Est. EPS - 2013 Est. EPS - 2014 P/E Ratio - LFY Est. P/E Ratio - Tr. 12M Est. P/E Ratio - 2013 Est. P/E Ratio - 2014 Est. Revenue Growth - 1Y Est. Revenue Growth - 5Y Est. EBITDA Growth - 1Y Est. Est. EBITDA Growth - 5Y Est. EBITDA Margin - S&P LT Credit Rating - S&P LT Credit Rating Date Moody's LT Credit Rating Moody's LT Credit Rating Date S&P 500 INDEX USD 15589099 2072.157 1117 1117 203 219 219 104.06 110.23 110.23 16.29 16.29 15.38 15.38 18.48 Euro Stoxx 50 Pr EUR 2984944 6002.296 4677 4677 776 790 790 234.33 302.66 302.66 22.82 20.47 17.67 17.67 21.66 NIKKEI 225 JPY 2857793 203.0095 197 197 19 22 22 6.11 8.07 8.07 0.25 0.24 0.19 0.19 0.12 FTSE 100 INDEX GBP 2928075 12748.62 10012 10012 1524 1661 1661 538.12 807.42 807.42 31.40 24.43 20.93 20.93 22.98 SWISS MARKET INDEX CHF 1120741 11464.75 4198 4198 969 861 861 454.08 567.77 567.77 21.44 18.26 17.14 17.14 24.51 S&P/TSX COMPOSITE INDEX CAD 1697982 17615.94 7406 7406 1859 1968 1968 732.48 803.81 803.81 16.58 16.59 15.11 15.11 24.14 S&P/ASX 200 INDEX AUD 1366032 6451.078 2681 2681 547 684 684 215.80 320.53 320.53 21.50 17.78 14.48 14.48 19.99 HANG SENG INDEX HKD 1793920 3572.425 1668 1668 376 393 393 278.61 269.06 269.06 1.39 1.48 1.43 1.43 2.98 MSCI EM USD 7592957 1394.039 983 983 191 180 180 84.97 88.32 88.32 11.89 12.19 11.44 11.44 19.60 TAG IMMOBILIEN AG EUR 1619 297 131 3 0 0 0 4.69 535 444 361 377 388 289 - - 1.93 1.07 0.75 0.93 15.68 20.37 22.19 18.00 127.45 43.00 192.65 79.37 88.11 - - - - THYSSENKRUPP AG EUR 12654 6134 514 10 0 1 3 18.21 54251 49144 50192 52007 3483 3015 695 695 -0.51 -0.72 -0.21 1.49 - - 22.28 -8.23 -7.72 -49.06 -17.60 8.30 BB 06.06.2012 Ba1 24.01.2013 TALANX AG EUR 8502 132 208 5 0 6 3 16.96 35746 37600 37243 38720 - - - - 3.88 3.95 3.84 4.04 11.53 12.11 11.84 11.25 17.41 - - - - A- 20.06.2006 - - TUI AG EUR 3100 385 252 3 0 0 3 3.51 24784 24870 24707 25453 1296 1146 1577 1577 -0.16 -0.72 0.37 0.81 - - 44.51 20.54 6.57 - 25.68 - 6.23 B 23.08.2013 Caa1 14.01.2011 UNITED INTERNET AG-REG SHARE EUR 7093 146 194 0 0 0 0 7.46 3240 3402 3578 3917 527 563 135 135 0.98 1.23 1.41 1.82 40.18 40.62 34.99 27.16 19.54 13.14 6.92 6.46 22.38 - - - - VOLKSWAGEN AG-PREF EUR 108527 498 465 159 0 6 35 236.42 260514 264988 271085 284555 33023 33548 - - 62.58 51.08 28.57 33.04 6.29 6.31 11.25 9.72 28.29 17.14 19.36 13.58 17.12 A- 31.08.2009 A3 17.08.2009 WACKER CHEMIE AG EUR 5189 111 50 2 0 0 1 6.40 6267 6010 6171 6581 1167 1050 235 235 2.96 0.81 0.60 2.66 165.83 165.83 223.09 50.58 -7.57 2.40 -32.32 -3.81 23.63 - - - - WIRECARD AG EUR 3779 107 112 0 0 0 1 3.40 534 585 641 757 148 157 46 46 0.89 0.92 1.02 1.30 49.53 49.53 44.55 34.97 29.06 26.24 39.81 29.72 36.25 - - - - WINCOR NIXDORF AG EUR 2133 69 30 0 0 0 0 2.30 3168 3353 3334 3467 224 251 104 104 2.84 3.72 3.96 4.89 23.45 23.45 22.00 17.82 0.86 1.21 -32.18 -6.71 10.13 - - - - ELRINGKLINGER AG EUR 2774 22 63 0 0 0 0 3.22 1524 1551 1613 1718 291 284 - - 1.80 1.85 2.14 2.50 31.96 31.96 27.71 23.68 12.35 17.37 -7.14 5.90 24.78 - - - - Valuation Measures I/II Market Capitalization & Asset Liability data Total Revenue EBITDA Earnings Per Share Price/Earnings ratio Rev. Growth EBITDA Growth Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  5. 5. 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 %D to Spot S&P 500 INDEX 2.38 2.38 2.21 2.03 2.38 1.52 1.52 1.45 1.39 1.52 10.59 10.59 9.57 8.75 10.59 9.47 9.47 8.73 8.18 9.47 15.38 15.38 13.86 12.53 15.38 2.07 2.07 2.25 2.40 2.07 1850.6 9.2% Euro Stoxx 50 Pr 1.32 1.32 1.25 1.18 1.32 0.85 0.85 0.82 0.80 0.85 6.58 6.58 6.05 5.47 6.59 7.60 7.60 7.20 6.82 7.60 13.07 13.07 11.69 10.51 13.07 3.90 3.90 4.10 4.45 3.90 3026.5 3.5% NIKKEI 225 1.56 1.56 1.46 1.37 1.56 0.75 0.75 0.72 0.70 0.75 9.20 9.20 8.49 7.30 9.20 9.07 9.07 8.30 7.80 9.07 18.36 18.36 16.37 14.74 18.36 1.59 1.59 1.74 1.88 1.59 15220.8 4.1% FTSE 100 INDEX 1.81 1.81 1.69 1.39 1.81 1.05 1.05 1.02 0.99 1.05 8.83 8.83 7.96 7.27 8.83 7.67 7.67 7.03 6.62 7.67 13.02 13.02 11.84 10.86 13.02 3.72 3.73 4.15 4.42 3.72 7099.2 8.5% SWISS MARKET INDEX 2.50 2.50 2.32 2.17 2.50 2.11 2.11 2.02 1.93 2.11 13.16 13.16 11.85 10.58 13.16 13.32 13.32 12.34 11.52 13.32 15.60 15.60 14.12 12.83 15.60 3.17 3.17 3.53 3.99 3.17 8666.5 7.5% S&P/TSX COMPOSITE INDEX 1.76 1.76 1.64 1.52 1.76 1.69 1.69 1.55 1.51 1.69 8.92 8.92 8.05 6.79 8.92 8.95 8.95 7.95 7.36 8.95 15.56 15.56 13.71 12.44 15.56 3.11 3.11 3.23 3.35 3.11 14299.7 11.1% S&P/ASX 200 INDEX 1.96 1.96 1.86 1.77 1.96 1.85 1.85 1.73 1.66 1.85 11.18 11.18 10.24 9.58 11.18 9.43 9.43 8.59 8.03 9.43 15.44 15.44 14.00 13.00 15.44 4.45 4.45 4.75 5.09 4.45 5383.9 2.0% HANG SENG INDEX 1.38 1.38 1.28 1.19 1.38 1.79 1.79 1.66 1.54 1.79 8.16 8.16 7.71 7.19 8.16 9.08 9.08 8.31 7.66 9.08 11.12 11.12 10.33 9.38 11.12 3.49 3.49 3.74 4.08 3.49 25126.2 8.3% MSCI EM 1.49 1.49 1.36 1.24 1.49 1.03 1.03 0.96 0.90 1.03 7.47 7.47 6.80 6.26 7.47 7.74 7.74 7.03 6.52 7.74 11.44 11.44 10.24 9.41 11.44 2.75 2.75 3.01 3.29 2.75 1124.6 11.3% ADIDAS AG 2.86 2.83 2.53 2.25 1.77 1.11 1.13 1.05 0.99 0.93 17.63 14.93 13.04 10.98 9.39 11.43 10.63 8.92 7.70 6.88 20.98 19.10 15.66 13.15 11.93 1.53 2.00 2.50 3.05 3.27 91.46 15.0% ADVA OPTICAL NETWORKING SE 1.49 1.36 1.28 1.19 0.68 0.69 0.64 0.60 0.13 6.41 16.67 8.14 9.33 4.49 4.74 4.11 3.73 14.95 31.97 21.61 18.82 0.00 4.43 -5.1% CARL ZEISS MEDITEC AG - BR 2.83 2.54 2.38 2.22 2.06 2.10 2.03 1.89 1.80 1.73 20.17 20.38 17.14 15.89 13.91 13.00 12.46 11.36 10.49 10.11 24.45 20.34 19.25 17.63 16.12 1.56 2.31 2.19 2.42 2.47 23.81 7.0% AIXTRON SE 2.64 3.49 3.27 2.83 2.64 6.04 5.87 3.56 2.66 2.29 59.11 18.66 14.95 22.04 10.20 9.56 45.79 19.07 19.70 0.32 0.00 0.58 1.59 1.38 11.52 -11.4% ALLIANZ SE-REG 1.04 1.03 0.97 0.91 1.10 0.52 0.53 0.51 0.50 0.48 10.47 9.02 8.76 8.41 8.33 3.89 4.37 4.55 4.76 5.04 132.57 12.3% AAREAL BANK AG 0.73 0.70 0.67 0.65 0.64 2.06 1.97 1.86 1.78 1.71 0.65 3.50 1.10 0.95 14.47 13.36 10.52 9.36 7.33 0.26 1.96 3.45 5.65 9.10 23.02 4.7% BASF SE 2.55 2.48 2.34 2.13 1.85 0.85 0.89 0.93 0.89 0.86 8.24 8.75 8.07 7.86 6.47 6.43 7.84 7.32 6.81 6.22 13.29 13.47 12.27 11.16 9.86 3.58 3.72 3.91 4.14 4.40 74.75 3.6% BAYER AG-REG 3.58 3.48 3.09 2.72 2.46 1.80 1.75 1.66 1.58 1.50 12.80 11.65 10.44 9.57 8.86 9.71 9.42 8.56 7.89 7.32 15.95 15.04 13.33 11.97 10.87 2.10 2.40 2.69 2.97 3.26 92.40 6.9% BB BIOTECH AG-REG 116.49 12.0% BECHTLE AG 1.76 1.60 1.48 1.35 1.20 0.38 0.36 0.34 0.32 0.31 10.82 10.63 10.09 9.23 7.33 7.85 7.53 6.83 6.39 5.65 13.84 13.10 11.57 10.54 9.24 2.44 2.68 2.97 3.22 3.67 40.63 7.7% BEIERSDORF AG 4.64 4.21 3.76 3.40 3.08 2.74 2.65 2.52 2.37 2.24 24.87 21.99 20.44 19.04 17.21 17.03 15.62 14.13 12.88 11.98 30.77 28.25 24.78 22.32 19.85 1.20 1.22 1.36 1.48 1.66 68.77 4.9% BAYERISCHE MOTOREN WERKE AG 1.70 1.57 1.42 1.29 1.15 0.67 0.66 0.62 0.60 0.57 6.24 5.23 5.05 4.67 3.73 8.31 8.58 8.29 7.80 6.90 10.37 10.19 9.87 9.45 8.89 3.24 3.35 3.62 3.90 4.23 81.79 1.5% BRENNTAG AG 3.29 2.95 2.66 2.40 2.12 0.66 0.64 0.60 0.57 0.55 15.43 14.30 13.24 12.11 11.02 11.13 11.07 10.18 9.45 9.09 18.97 18.89 16.52 14.87 13.84 1.88 1.94 2.20 2.42 2.58 124.47 0.9% HUGO BOSS AG -ORD 10.81 8.75 7.16 6.00 4.61 2.92 2.70 2.48 2.30 2.19 17.65 15.17 13.63 12.13 10.97 13.41 12.21 10.83 9.72 8.96 21.06 19.23 16.78 14.83 13.51 3.36 3.69 4.22 4.78 5.45 98.36 2.7% COMMERZBANK AG 0.29 0.38 0.37 0.36 0.35 1.00 1.05 1.01 0.98 0.96 9.87 9.06 7.26 10.36 24.69 10.73 7.18 4.81 0.00 0.00 0.67 2.56 7.00 8.70 -1.0% CELESIO AG 1.14 1.23 1.16 1.08 0.90 0.13 0.13 0.13 0.13 0.12 11.94 8.54 7.49 7.20 7.06 7.80 8.00 7.39 6.96 6.70 13.98 15.37 12.88 11.31 10.82 1.98 2.07 2.49 2.85 2.90 16.48 -1.0% CANCOM SE 3.14 2.90 2.53 2.20 0.45 0.44 0.42 0.40 0.40 13.79 14.08 11.97 10.63 9.48 8.53 7.70 6.94 19.96 16.83 14.61 12.83 1.43 1.73 1.89 2.04 27.50 24.4% CONTINENTAL AG 2.91 2.61 2.20 1.87 1.63 0.77 0.74 0.70 0.66 0.63 7.64 7.64 6.58 5.93 5.51 6.88 6.50 5.95 5.48 5.33 11.69 11.88 10.37 9.20 8.94 1.58 1.98 2.38 2.78 3.10 123.96 -1.6% COMPUGROUP MEDICAL AG 4.72 4.59 3.86 3.32 2.17 2.13 2.02 1.93 1.83 12.68 11.34 10.92 10.24 9.92 11.61 12.39 10.64 9.79 9.26 25.81 18.60 14.57 12.67 10.67 1.86 1.88 2.12 2.33 3.03 18.80 1.9% DAIMLER AG-REGISTERED SHARES 1.44 1.34 1.26 1.16 1.05 0.55 0.53 0.49 0.47 0.51 7.03 6.91 5.81 5.14 3.65 10.30 9.45 9.33 8.31 6.40 12.54 12.08 10.46 8.97 8.24 3.69 3.78 3.87 4.32 4.31 57.03 -1.6% DEUTSCHE BOERSE AG 3.32 3.13 2.81 2.48 2.19 5.12 5.12 4.84 4.59 4.35 13.50 12.00 11.51 10.50 9.99 10.67 10.98 9.75 9.04 7.79 15.61 15.35 13.56 12.26 10.52 4.01 3.82 4.11 4.37 4.58 54.88 -1.3% DEUTSCHE BANK AG-REGISTERED 0.57 0.60 0.58 0.54 1.04 1.05 1.03 1.01 0.95 6.07 7.71 6.12 4.54 9.61 9.40 7.63 6.21 5.88 2.19 2.39 3.00 4.39 3.27 40.45 17.6% DEUTSCHE EUROSHOP AG 1.23 1.25 1.20 1.18 1.19 8.30 8.91 8.53 8.58 8.25 16.71 15.67 14.29 13.92 15.89 17.55 18.70 18.01 17.63 17.66 19.37 16.35 16.08 15.53 14.43 3.56 3.89 4.09 4.28 4.48 33.37 3.2% DIALOG SEMICONDUCTOR PLC 3.81 3.06 2.55 2.05 1.85 1.81 1.61 1.34 1.18 1.11 20.68 16.47 11.52 8.85 7.46 10.91 9.15 6.87 5.62 5.45 17.72 19.67 13.68 10.65 9.77 0.00 0.00 0.00 0.00 15.79 4.8% DEUTSCHE POST AG-REG 2.61 2.77 2.51 2.30 1.75 0.52 0.51 0.49 0.47 0.45 15.28 9.77 9.11 8.29 6.97 8.20 7.62 7.07 6.49 6.03 18.66 15.95 14.83 13.26 11.87 3.07 3.18 3.43 3.76 4.09 23.50 -2.3% DRILLISCH AG 6.89 4.18 4.09 3.99 2.83 3.16 3.09 2.98 2.93 44.41 24.72 13.53 12.46 10.52 16.34 14.03 12.06 11.07 12.30 39.45 9.34 15.56 14.03 11.98 5.23 7.36 7.46 7.24 6.99 18.40 4.1% DRAEGERWERK AG - PREF 2.12 1.94 1.67 1.46 1.49 0.60 0.59 0.57 0.55 0.52 9.16 12.21 8.98 8.67 8.19 5.60 5.64 5.11 4.69 4.19 12.32 13.17 11.87 10.54 9.03 0.91 0.95 2.08 2.30 2.52 103.45 7.3% DEUTSCHE TELEKOM AG-REG 1.61 1.66 1.58 1.52 1.65 0.81 0.80 0.79 0.78 0.79 3.43 3.37 3.32 3.34 3.31 5.39 5.65 5.51 5.39 5.25 16.50 16.70 15.30 14.37 11.83 6.60 4.99 4.81 4.97 5.49 10.08 -4.8% DUERR AG 4.25 3.67 3.14 2.73 2.30 0.78 0.75 0.72 0.70 0.70 23.27 12.01 11.54 11.24 11.54 9.74 8.40 7.95 7.63 7.47 18.17 14.79 14.18 13.56 12.60 1.76 2.39 2.57 2.61 2.90 54.97 1.7% DEUTSCHE WOHNEN AG-BR 1.14 1.08 1.02 0.97 0.98 5.44 5.68 5.37 4.99 5.74 23.42 19.57 17.82 17.94 21.26 26.58 18.90 17.17 16.66 18.78 20.59 16.75 15.29 15.02 16.81 1.94 2.49 2.91 3.12 3.07 14.86 13.3% EADS NV 3.87 3.73 3.02 2.43 2.02 0.67 0.63 0.59 0.55 0.54 12.64 11.86 8.89 6.26 6.66 8.00 6.36 5.39 4.82 4.83 24.15 17.26 12.81 10.73 10.33 1.32 2.06 2.79 3.38 3.34 50.52 8.4% E.ON SE 0.68 0.71 0.69 0.67 0.64 0.24 0.23 0.22 0.22 0.21 3.30 3.81 4.11 4.07 4.34 4.45 5.13 5.25 5.31 5.44 6.02 10.86 11.33 11.30 12.16 8.10 5.09 4.81 4.83 4.43 12.66 -6.2% EVONIK INDUSTRIES AG 1.92 1.79 1.66 1.51 1.01 0.96 0.90 0.83 6.81 8.79 7.94 6.93 7.54 6.97 6.33 5.49 15.25 13.34 11.92 9.60 3.26 3.43 3.70 4.11 29.82 7.0% EVOTEC AG 2.44 2.41 2.25 2.01 1.87 4.29 3.95 3.47 2.95 2.77 23.33 30.09 21.90 17.13 12.63 29.40 22.46 16.42 11.11 8.45 41.28 56.49 33.54 19.17 18.61 0.00 0.00 0.00 3.60 11.8% FIELMANN AG 5.91 5.53 5.32 5.13 4.72 2.94 2.81 2.67 2.54 2.43 20.11 18.78 18.51 17.64 15.69 13.51 12.86 12.12 11.49 10.62 25.78 24.22 22.57 21.23 19.01 3.44 3.67 3.90 4.16 4.50 74.70 -4.1% FRESENIUS MEDICAL CARE AG & 2.28 2.06 1.90 1.77 1.56 1.49 1.40 1.34 1.26 1.18 11.49 11.61 10.68 9.79 9.06 9.88 9.92 9.58 8.83 7.90 17.65 18.22 17.32 15.34 13.35 1.37 1.45 1.49 1.62 1.79 52.33 7.9% FREENET AG 2.01 1.83 1.73 1.65 1.57 0.76 0.72 0.71 0.71 0.72 8.64 8.86 8.57 8.79 8.68 8.22 8.01 7.86 7.83 7.88 12.71 9.87 9.36 9.08 8.73 6.51 7.87 8.31 8.58 9.35 19.49 7.6% FUCHS PETROLUB SE -PREF 5.75 5.00 4.45 3.97 2.26 2.20 2.10 2.01 1.96 21.39 19.52 18.34 16.79 18.64 12.66 11.96 11.30 10.69 10.32 21.53 20.16 18.94 17.86 17.98 1.82 2.29 2.52 2.71 3.03 59.26 -5.1% FRAPORT AG FRANKFURT AIRPORT 1.60 1.56 1.48 1.40 1.30 1.92 1.84 1.79 1.71 1.64 8.11 8.00 7.47 6.92 6.32 10.26 9.82 9.41 8.75 8.07 19.44 21.06 18.00 15.45 13.34 2.44 2.44 2.55 2.78 3.03 52.10 1.3% FRESENIUS SE & CO KGAA 2.11 1.93 1.82 1.65 1.41 0.86 0.80 0.74 0.69 0.65 8.66 7.87 6.80 6.25 6.78 8.66 8.29 7.67 7.08 6.63 17.18 15.84 13.94 12.25 10.91 1.15 1.29 1.43 1.62 1.83 106.40 14.8% GEA GROUP AG 2.47 2.38 2.12 1.93 1.68 1.03 1.00 0.95 0.91 0.89 13.69 12.17 10.44 9.80 8.68 9.98 9.08 8.18 7.68 7.32 16.58 15.28 13.43 12.28 11.60 1.87 2.09 2.38 2.55 2.97 32.98 7.8% BILFINGER SE 1.72 1.65 1.56 1.48 1.32 0.42 0.41 0.39 0.37 0.35 9.60 8.61 8.00 7.50 6.46 6.58 6.83 6.14 5.71 4.83 13.61 13.98 12.38 11.14 9.30 3.75 3.74 4.04 4.42 4.41 83.23 8.0% GAGFAH SA 0.89 0.88 0.85 0.81 0.75 2.50 2.55 2.52 2.48 2.49 20.34 24.85 16.87 15.42 13.74 20.34 20.75 19.69 18.92 19.79 23.69 21.61 14.29 13.45 10.99 0.00 0.09 2.15 3.98 3.61 11.13 15.7% GSW IMMOBILIEN AG 1.14 1.05 0.99 0.95 0.89 7.34 6.85 6.41 6.30 6.72 26.76 23.25 20.69 19.20 19.03 25.72 21.25 20.17 19.51 20.32 25.31 16.72 16.50 15.52 18.80 2.67 2.99 3.24 3.40 3.38 34.74 7.6% GILDEMEISTER AG 1.69 1.45 1.45 1.34 1.27 0.79 0.76 0.72 0.68 0.68 11.31 9.43 9.56 8.43 9.83 8.85 8.35 7.00 6.24 7.94 15.01 15.66 13.53 12.09 16.46 1.82 1.99 2.23 2.53 1.95 21.48 6.1% GERRY WEBER INTL AG 3.99 3.50 3.07 2.71 2.40 1.74 1.63 1.49 1.37 1.25 16.00 14.79 12.98 11.29 10.35 10.70 10.76 9.01 7.96 7.26 17.96 18.61 15.29 13.25 11.55 2.48 2.60 3.07 3.47 3.85 35.01 14.8% GERRESHEIMER AG 2.54 2.40 2.15 1.89 1.74 1.16 1.09 1.03 0.97 0.92 9.13 8.43 7.15 6.46 5.91 8.35 7.93 7.07 6.45 5.89 18.10 16.55 13.77 11.87 10.25 1.49 1.56 1.87 2.14 2.41 49.87 11.4% HEIDELBERGCEMENT AG 0.84 0.84 0.80 0.75 0.70 0.79 0.77 0.73 0.68 0.64 6.85 6.81 6.04 5.05 4.08 7.82 7.42 6.69 5.99 5.26 21.91 16.72 12.84 10.07 8.13 0.85 1.39 2.10 2.80 3.88 61.04 4.0% HENKEL AG & CO KGAA VORZUG 3.37 3.11 2.77 2.46 2.16 1.84 1.81 1.72 1.64 1.57 16.28 15.16 13.88 12.88 12.06 11.35 10.62 9.90 9.18 8.53 20.39 18.78 17.12 15.60 14.32 1.22 1.38 1.53 1.66 1.83 79.94 5.6% HANNOVER RUECK SE 1.12 1.07 1.00 0.94 1.02 0.49 0.47 0.45 0.45 0.44 8.10 8.02 8.04 8.01 8.20 5.27 5.09 5.17 5.27 4.99 62.84 14.0% Price to Earnings Ratio Valuation Measures II/II Estimated Dividend YieldPrice to Book Ratio Price to Sales Ratio Price to Cash Flow Ratio Enterprise Value to EBITDA Ratio Target Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  6. 6. 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 %D to Spot S&P 500 INDEX 2.38 2.38 2.21 2.03 2.38 1.52 1.52 1.45 1.39 1.52 10.59 10.59 9.57 8.75 10.59 9.47 9.47 8.73 8.18 9.47 15.38 15.38 13.86 12.53 15.38 2.07 2.07 2.25 2.40 2.07 1850.6 9.2% Euro Stoxx 50 Pr 1.32 1.32 1.25 1.18 1.32 0.85 0.85 0.82 0.80 0.85 6.58 6.58 6.05 5.47 6.59 7.60 7.60 7.20 6.82 7.60 13.07 13.07 11.69 10.51 13.07 3.90 3.90 4.10 4.45 3.90 3026.5 3.5% NIKKEI 225 1.56 1.56 1.46 1.37 1.56 0.75 0.75 0.72 0.70 0.75 9.20 9.20 8.49 7.30 9.20 9.07 9.07 8.30 7.80 9.07 18.36 18.36 16.37 14.74 18.36 1.59 1.59 1.74 1.88 1.59 15220.8 4.1% FTSE 100 INDEX 1.81 1.81 1.69 1.39 1.81 1.05 1.05 1.02 0.99 1.05 8.83 8.83 7.96 7.27 8.83 7.67 7.67 7.03 6.62 7.67 13.02 13.02 11.84 10.86 13.02 3.72 3.73 4.15 4.42 3.72 7099.2 8.5% SWISS MARKET INDEX 2.50 2.50 2.32 2.17 2.50 2.11 2.11 2.02 1.93 2.11 13.16 13.16 11.85 10.58 13.16 13.32 13.32 12.34 11.52 13.32 15.60 15.60 14.12 12.83 15.60 3.17 3.17 3.53 3.99 3.17 8666.5 7.5% S&P/TSX COMPOSITE INDEX 1.76 1.76 1.64 1.52 1.76 1.69 1.69 1.55 1.51 1.69 8.92 8.92 8.05 6.79 8.92 8.95 8.95 7.95 7.36 8.95 15.56 15.56 13.71 12.44 15.56 3.11 3.11 3.23 3.35 3.11 14299.7 11.1% S&P/ASX 200 INDEX 1.96 1.96 1.86 1.77 1.96 1.85 1.85 1.73 1.66 1.85 11.18 11.18 10.24 9.58 11.18 9.43 9.43 8.59 8.03 9.43 15.44 15.44 14.00 13.00 15.44 4.45 4.45 4.75 5.09 4.45 5383.9 2.0% HANG SENG INDEX 1.38 1.38 1.28 1.19 1.38 1.79 1.79 1.66 1.54 1.79 8.16 8.16 7.71 7.19 8.16 9.08 9.08 8.31 7.66 9.08 11.12 11.12 10.33 9.38 11.12 3.49 3.49 3.74 4.08 3.49 25126.2 8.3% MSCI EM 1.49 1.49 1.36 1.24 1.49 1.03 1.03 0.96 0.90 1.03 7.47 7.47 6.80 6.26 7.47 7.74 7.74 7.03 6.52 7.74 11.44 11.44 10.24 9.41 11.44 2.75 2.75 3.01 3.29 2.75 1124.6 11.3% HOCHTIEF AG 1.79 1.66 1.61 1.53 0.20 0.19 0.19 0.19 0.18 5.61 4.20 3.80 3.45 5.88 4.94 4.96 4.77 26.44 19.52 17.84 15.65 10.35 1.94 2.72 2.93 3.29 62.73 -3.5% INFINEON TECHNOLOGIES AG 2.31 2.24 2.08 1.87 1.62 2.11 2.13 1.95 1.81 1.67 15.66 13.56 10.01 7.95 7.22 6.91 8.03 6.17 5.38 5.02 21.00 31.58 19.05 14.92 11.66 1.58 1.57 1.75 1.97 1.58 7.61 0.4% JENOPTIK AG 1.88 1.79 1.62 1.46 1.37 1.10 1.05 0.98 0.93 0.90 10.58 10.43 10.22 9.21 7.60 9.03 9.37 8.15 7.45 7.06 16.43 17.73 13.86 12.47 12.01 1.48 1.57 1.84 1.98 1.07 10.92 -2.2% KONTRON AG 0.88 0.95 1.01 0.93 0.93 0.47 0.48 0.45 0.43 0.40 26.91 13.73 14.41 7.18 4.39 28.97 16.12 8.00 4.78 3.80 31.88 13.49 9.70 2.36 1.37 1.91 2.86 6.44 4.12 -11.5% KLOECKNER & CO SE 0.60 0.67 0.67 0.65 0.61 0.14 0.15 0.15 0.14 0.13 31.74 9.95 7.82 7.55 5.25 20.65 11.39 7.30 6.39 5.27 32.04 18.27 15.82 0.00 0.04 0.77 1.44 1.82 10.53 2.4% KABEL DEUTSCHLAND HOLDING AG 4.53 4.23 3.91 3.66 3.41 15.47 12.42 11.04 10.68 12.98 11.92 10.76 9.89 9.14 28.87 31.83 26.84 24.43 20.96 2.73 3.37 3.89 3.85 4.32 84.03 -10.5% KRONES AG 2.28 2.06 1.88 1.71 1.65 0.77 0.71 0.67 0.64 0.62 18.57 10.84 9.47 8.93 8.93 10.43 7.71 6.93 6.33 6.55 25.06 16.71 14.65 13.09 13.22 1.07 1.55 1.83 1.95 67.97 8.7% KUKA AG 3.50 3.03 2.57 2.22 1.96 0.62 0.58 0.56 0.54 0.52 11.78 11.62 10.18 9.46 8.19 7.18 6.62 6.07 5.71 5.74 18.74 16.59 14.59 12.56 12.14 0.90 1.23 1.50 1.98 1.85 34.50 8.3% LEG IMMOBILIEN AG 1.01 0.99 0.95 0.92 0.85 4.74 4.61 4.35 4.09 3.81 16.84 15.50 13.82 14.21 12.21 19.61 19.96 18.30 17.09 15.39 20.22 15.54 13.29 13.25 12.10 0.97 4.15 4.53 4.78 5.38 45.44 8.4% LEONI AG 1.73 1.66 1.48 1.31 1.13 0.38 0.38 0.35 0.32 0.30 7.35 7.02 5.91 4.86 3.82 5.19 6.09 5.04 4.39 3.89 9.88 13.64 9.74 7.89 6.82 3.29 3.10 3.42 3.93 4.33 45.55 3.5% DEUTSCHE LUFTHANSA-REG 0.82 0.96 0.90 0.78 0.66 0.22 0.22 0.21 0.20 0.19 2.70 2.74 2.46 2.10 2.23 3.35 2.82 2.49 2.12 2.03 28.38 13.20 8.42 5.63 5.42 1.57 2.09 4.54 6.46 6.45 17.48 20.3% LINDE AG 2.00 2.02 1.89 1.75 1.61 1.81 1.62 1.52 1.41 1.35 9.93 8.67 8.17 7.56 6.73 10.71 9.27 8.58 7.93 7.40 19.12 17.91 15.91 14.12 12.61 1.78 1.96 2.19 2.42 2.73 162.33 8.8% LPKF LASER & ELECTRONICS 5.54 4.69 4.07 3.54 3.05 2.77 2.49 2.26 2.04 1.84 20.63 13.87 11.44 12.95 8.86 12.81 10.81 9.54 8.22 7.13 25.20 20.48 18.65 16.18 14.58 1.76 2.03 2.29 2.60 3.10 13.27 -2.1% LANXESS AG 1.64 1.74 1.59 1.41 1.29 0.45 0.49 0.45 0.43 0.40 4.88 7.71 5.86 4.71 3.78 5.17 8.40 6.12 5.26 4.69 7.43 30.57 12.35 8.90 7.47 1.94 1.79 2.21 2.56 2.62 52.72 7.0% MAN SE 2.38 2.19 2.20 2.13 2.13 0.82 0.82 0.78 0.75 0.70 24.24 25.12 11.85 9.57 7.16 13.73 16.41 10.80 9.31 7.31 32.72 77.46 20.70 17.10 9.54 1.63 2.95 3.47 3.35 3.22 82.53 -6.0% METRO AG 1.55 1.74 1.65 1.53 1.28 0.15 0.19 0.15 0.15 0.14 4.96 5.18 5.38 4.80 4.98 8.44 5.22 4.99 4.94 12.32 584.51 14.04 12.41 10.58 4.45 0.19 3.49 3.80 4.19 26.24 -12.0% MORPHOSYS AG 6.47 4.49 4.44 4.15 4.32 27.89 18.71 19.82 16.49 15.38 193.38 25.24 92.13 515.09 169.72 125.51 8128.66 466.73 75.47 745.53 170.15 101.91 0.00 0.00 62.57 10.4% MERCK KGAA 2.31 2.29 2.14 1.98 1.83 2.25 2.22 2.21 2.18 2.18 11.25 10.04 9.47 9.05 7.85 8.95 8.39 8.08 7.81 7.53 15.15 13.21 12.64 12.20 11.62 1.40 1.65 1.78 1.90 2.29 116.67 1.9% MTU AERO ENGINES AG 3.39 2.90 2.56 2.29 2.05 1.07 0.97 0.90 0.84 0.79 10.90 13.19 11.57 9.10 7.38 8.53 8.38 7.60 6.85 6.34 15.27 16.18 14.04 12.45 11.35 1.98 2.08 2.28 2.56 3.63 72.57 3.8% MUENCHENER RUECKVER AG-REG 0.96 0.94 0.90 0.85 0.89 0.47 0.47 0.46 0.46 0.42 8.11 8.59 8.57 8.24 8.64 4.75 5.00 5.17 5.33 5.64 154.48 7.7% AURUBIS AG 1.02 0.93 0.88 0.84 0.83 0.15 0.16 0.16 0.15 0.15 6.33 8.63 6.75 6.68 5.38 3.95 6.58 5.23 4.92 4.61 7.80 14.70 10.70 9.71 8.94 2.66 2.79 2.94 3.05 3.28 50.08 10.8% NORDEX SE 2.25 2.60 2.39 2.14 0.73 0.58 0.55 0.52 0.49 16.32 114.22 13.74 11.74 18.48 10.38 8.08 6.77 5.30 64.65 31.06 21.92 0.00 0.29 8.93 -13.1% NEMETSCHEK AG 3.93 3.61 3.13 2.75 2.46 2.32 2.15 2.01 1.87 13.08 15.72 12.09 11.11 9.79 8.92 7.97 7.36 20.82 18.59 15.19 13.82 2.37 2.66 2.90 3.14 48.83 8.3% NORMA GROUP SE 3.69 3.31 2.90 2.58 2.24 1.80 1.69 1.59 1.50 1.45 12.95 11.91 11.10 10.26 9.27 10.39 9.66 8.92 8.39 7.77 17.68 16.81 14.86 13.50 12.94 1.85 2.10 2.33 2.54 2.49 32.73 -4.0% XING AG 8.13 7.06 6.01 5.05 5.78 5.05 4.45 3.98 3.57 22.86 21.78 18.08 15.13 9.64 16.96 15.13 11.85 9.96 8.16 44.33 40.07 28.25 22.32 16.48 0.82 0.88 1.10 1.56 2.45 66.33 -12.1% TELEFONICA DEUTSCHLAND HOLDI 1.21 1.09 1.16 1.22 1.30 1.27 1.32 1.33 1.33 1.30 4.97 5.49 5.43 5.30 5.03 6.06 6.19 6.11 6.00 5.83 41.49 92.70 59.33 46.35 22.39 7.58 7.72 8.06 7.97 8.23 6.23 5.0% OSRAM LICHT AG 1.92 1.71 1.58 1.41 0.69 0.70 0.67 0.64 0.62 10.05 9.88 8.04 6.32 8.04 7.75 5.88 4.90 4.22 24.30 15.88 11.96 10.53 0.00 0.00 1.92 3.05 35.23 -0.3% PFEIFFER VACUUM TECHNOLOGY 3.18 3.20 2.98 2.80 2.35 1.93 2.09 1.93 1.81 1.66 13.25 14.91 13.64 12.30 9.81 10.02 12.15 9.63 8.35 6.97 19.45 23.63 17.74 14.94 12.88 3.82 3.16 4.14 4.92 5.68 82.79 -10.0% PSI AG 2.30 2.29 2.06 1.79 1.56 1.00 0.95 0.87 0.81 0.74 15.89 11.76 10.35 8.33 6.11 9.00 9.18 6.89 5.65 4.43 19.21 20.93 13.69 10.64 7.37 2.55 2.51 3.58 4.48 6.79 14.32 24.7% PROSIEBEN SAT.1 MEDIA AG-REG 4.44 8.38 7.11 6.27 6.27 2.38 2.69 2.54 2.41 2.36 5.61 7.80 7.23 6.42 6.47 9.06 9.95 9.29 8.82 8.73 17.15 17.09 15.54 14.32 14.55 17.74 4.61 5.19 5.56 5.30 33.04 4.5% QIAGEN N.V. 1.86 1.83 1.70 1.59 1.54 4.02 3.81 3.61 3.39 3.23 16.52 16.40 13.08 12.47 10.85 13.46 12.45 11.35 10.61 10.33 21.05 18.80 17.50 15.96 13.91 0.00 0.00 0.00 0.00 0.00 15.76 0.2% QSC AG 2.51 2.45 2.22 2.01 0.97 1.02 0.99 0.95 0.95 8.72 9.01 7.04 6.49 13.39 6.62 6.51 6.04 5.55 5.71 26.98 21.55 16.45 12.58 11.83 2.35 2.72 3.20 3.63 3.73 3.59 -4.3% RATIONAL AG 10.45 9.51 8.74 7.84 7.92 5.72 5.56 5.06 4.60 4.24 25.07 25.70 22.68 20.41 18.18 17.90 18.65 16.53 14.89 13.42 25.91 27.09 23.86 21.44 19.41 3.10 3.08 3.30 3.68 4.14 212.75 -4.7% RHOEN-KLINIKUM AG 1.62 1.55 1.46 1.37 1.27 0.91 0.85 0.93 0.90 0.88 11.40 10.33 10.17 8.83 9.03 11.51 10.41 10.58 9.67 9.64 26.23 23.00 19.91 16.94 14.59 1.86 1.81 6.38 2.47 2.35 20.54 9.8% RHEINMETALL AG 1.06 1.17 1.09 1.00 0.91 0.35 0.36 0.34 0.33 0.31 4.05 6.61 4.97 4.16 3.39 4.26 6.44 4.49 3.82 3.35 8.90 24.30 10.89 7.97 6.40 4.02 2.31 3.62 4.45 6.09 41.67 -1.4% RTL GROUP 2.57 3.58 3.67 3.54 2.83 1.97 1.92 1.87 1.81 1.78 11.92 12.15 11.47 11.06 13.10 9.89 9.58 9.15 8.65 8.48 16.09 16.21 15.66 14.73 17.13 6.88 7.85 6.20 6.31 4.73 78.47 6.0% RWE AG 0.96 1.05 0.98 0.93 0.96 0.30 0.28 0.29 0.28 0.27 2.57 2.72 2.99 3.05 3.44 4.11 4.06 4.58 4.74 4.95 6.15 6.41 8.64 9.74 10.78 8.07 5.99 5.11 4.81 4.24 22.35 -10.7% SMA SOLAR TECHNOLOGY AG 1.04 1.10 1.10 1.06 0.59 0.81 0.78 0.72 0.67 8.02 15.64 10.42 10.10 3.28 16.58 7.96 5.72 10.28 292.00 34.91 2.53 0.04 0.30 0.97 21.52 -13.3% SAP AG 4.73 4.02 3.45 2.94 2.43 4.22 3.99 3.66 3.35 3.10 17.36 14.90 13.00 11.68 9.66 12.72 11.25 10.14 9.17 8.35 18.14 16.48 14.73 13.00 11.58 1.50 1.66 1.91 2.15 2.14 64.97 16.0% STADA ARZNEIMITTEL AG 2.34 2.13 1.85 1.64 1.39 1.19 1.09 1.01 0.95 0.89 11.07 9.09 7.60 6.42 5.84 10.18 9.15 8.15 7.60 6.97 14.47 13.07 10.70 9.63 8.54 1.49 1.92 2.30 2.45 2.92 38.06 3.8% STRATEC BIOMEDICAL AG 4.01 3.57 3.19 2.87 2.60 2.97 2.74 2.42 2.19 2.00 22.45 24.78 21.58 16.10 14.97 15.82 14.72 12.39 11.25 9.99 24.74 23.07 19.12 16.45 15.36 1.78 1.78 2.05 2.37 2.75 27.92 -9.7% K+S AG-REG 1.12 1.04 1.01 0.97 0.93 0.94 0.96 1.02 0.99 0.91 4.66 5.10 8.53 9.46 6.55 3.89 4.42 6.48 6.34 5.28 7.08 8.29 17.09 17.22 12.94 6.97 5.36 2.52 2.44 4.48 17.62 -10.6% SIEMENS AG-REG 2.42 2.55 2.33 2.13 1.66 1.02 1.04 1.01 0.97 0.93 10.78 13.00 10.23 8.78 8.69 9.36 10.76 8.55 7.84 7.19 14.70 16.49 12.92 11.60 10.09 3.40 3.44 3.64 3.87 3.93 90.34 0.1% SKY DEUTSCHLAND AG 36.83 18.62 19.76 13.06 8.07 4.45 3.82 3.27 2.87 2.67 61.60 22.51 17.83 172.30 44.57 20.38 14.23 44.29 25.10 0.00 0.00 0.00 0.12 2.95 6.61 -2.4% SOFTWARE AG 2.10 2.08 1.87 1.70 1.52 2.14 2.26 2.15 2.03 1.87 10.88 11.87 11.05 10.11 7.98 7.73 8.81 8.24 7.57 7.82 11.62 13.65 12.33 11.04 9.51 1.80 1.74 1.81 1.91 2.35 29.04 11.5% AXEL SPRINGER AG 2.28 2.08 1.91 1.83 1.55 1.21 1.18 1.28 1.26 1.27 8.98 9.51 9.47 9.45 10.29 7.78 8.15 8.34 7.94 7.98 13.93 15.25 15.58 14.43 14.34 4.40 4.24 4.33 4.56 5.70 43.72 8.4% SARTORIUS AG-VORZUG 4.06 3.62 3.22 2.82 1.74 1.64 1.54 1.46 1.38 19.03 11.13 10.04 9.29 8.98 11.86 11.01 9.97 9.20 8.31 21.66 20.01 17.45 15.66 13.46 1.23 1.42 1.67 1.87 2.06 86.71 8.5% SYMRISE AG 3.95 3.97 3.58 3.24 2.79 2.23 2.08 1.97 1.88 1.80 16.08 14.65 13.37 12.58 10.80 12.94 11.66 10.91 10.26 9.70 22.95 19.77 17.96 16.73 15.53 2.12 2.32 2.53 2.77 2.99 32.58 0.6% SALZGITTER AG 0.44 0.50 0.50 0.48 0.51 0.18 0.19 0.18 0.18 0.17 6.03 7.10 4.68 3.89 3.06 4.38 7.00 3.56 3.00 2.78 27.59 12.68 13.13 0.98 0.67 0.94 1.34 1.84 29.34 -6.2% SUEDZUCKER AG 1.13 1.11 1.04 0.98 0.57 0.56 0.55 0.55 0.52 5.31 5.64 5.96 5.68 5.36 6.18 6.27 6.24 6.09 7.55 9.74 9.90 9.79 4.01 4.07 4.10 4.18 25.20 16.3% Price to Earnings Ratio Valuation Measures II/II Estimated Dividend YieldPrice to Book Ratio Price to Sales Ratio Price to Cash Flow Ratio Enterprise Value to EBITDA Ratio Target Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  7. 7. 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 %D to Spot S&P 500 INDEX 2.38 2.38 2.21 2.03 2.38 1.52 1.52 1.45 1.39 1.52 10.59 10.59 9.57 8.75 10.59 9.47 9.47 8.73 8.18 9.47 15.38 15.38 13.86 12.53 15.38 2.07 2.07 2.25 2.40 2.07 1850.6 9.2% Euro Stoxx 50 Pr 1.32 1.32 1.25 1.18 1.32 0.85 0.85 0.82 0.80 0.85 6.58 6.58 6.05 5.47 6.59 7.60 7.60 7.20 6.82 7.60 13.07 13.07 11.69 10.51 13.07 3.90 3.90 4.10 4.45 3.90 3026.5 3.5% NIKKEI 225 1.56 1.56 1.46 1.37 1.56 0.75 0.75 0.72 0.70 0.75 9.20 9.20 8.49 7.30 9.20 9.07 9.07 8.30 7.80 9.07 18.36 18.36 16.37 14.74 18.36 1.59 1.59 1.74 1.88 1.59 15220.8 4.1% FTSE 100 INDEX 1.81 1.81 1.69 1.39 1.81 1.05 1.05 1.02 0.99 1.05 8.83 8.83 7.96 7.27 8.83 7.67 7.67 7.03 6.62 7.67 13.02 13.02 11.84 10.86 13.02 3.72 3.73 4.15 4.42 3.72 7099.2 8.5% SWISS MARKET INDEX 2.50 2.50 2.32 2.17 2.50 2.11 2.11 2.02 1.93 2.11 13.16 13.16 11.85 10.58 13.16 13.32 13.32 12.34 11.52 13.32 15.60 15.60 14.12 12.83 15.60 3.17 3.17 3.53 3.99 3.17 8666.5 7.5% S&P/TSX COMPOSITE INDEX 1.76 1.76 1.64 1.52 1.76 1.69 1.69 1.55 1.51 1.69 8.92 8.92 8.05 6.79 8.92 8.95 8.95 7.95 7.36 8.95 15.56 15.56 13.71 12.44 15.56 3.11 3.11 3.23 3.35 3.11 14299.7 11.1% S&P/ASX 200 INDEX 1.96 1.96 1.86 1.77 1.96 1.85 1.85 1.73 1.66 1.85 11.18 11.18 10.24 9.58 11.18 9.43 9.43 8.59 8.03 9.43 15.44 15.44 14.00 13.00 15.44 4.45 4.45 4.75 5.09 4.45 5383.9 2.0% HANG SENG INDEX 1.38 1.38 1.28 1.19 1.38 1.79 1.79 1.66 1.54 1.79 8.16 8.16 7.71 7.19 8.16 9.08 9.08 8.31 7.66 9.08 11.12 11.12 10.33 9.38 11.12 3.49 3.49 3.74 4.08 3.49 25126.2 8.3% MSCI EM 1.49 1.49 1.36 1.24 1.49 1.03 1.03 0.96 0.90 1.03 7.47 7.47 6.80 6.26 7.47 7.74 7.74 7.03 6.52 7.74 11.44 11.44 10.24 9.41 11.44 2.75 2.75 3.01 3.29 2.75 1124.6 11.3% TAG IMMOBILIEN AG 1.11 1.02 0.99 0.97 0.93 6.02 4.48 4.30 4.17 4.17 20.96 14.31 12.94 15.58 15.66 13.83 19.21 17.94 17.28 18.35 7.34 16.41 13.31 15.11 15.79 2.59 3.62 4.28 4.51 2.65 9.73 6.2% THYSSENKRUPP AG 1.15 3.41 2.94 2.43 2.39 0.23 0.25 0.24 0.23 0.22 13.01 9.63 5.92 5.17 3.81 6.93 7.21 5.51 4.63 3.77 16.48 10.56 8.52 2.06 0.67 1.59 2.73 4.95 17.92 -1.5% TALANX AG 0.87 0.87 0.82 0.76 0.24 0.23 0.22 0.21 0.21 9.21 8.76 8.32 7.89 8.06 4.46 4.69 4.99 5.24 26.28 5.6% TUI AG 0.93 1.09 1.01 0.93 0.71 0.13 0.13 0.12 0.12 0.12 3.22 4.50 3.91 3.60 3.21 2.67 2.47 2.24 2.04 1.95 22.83 32.92 15.19 11.46 11.12 0.29 0.23 0.98 2.14 3.85 11.05 21.6% UNITED INTERNET AG-REG SHARE 27.65 19.26 11.99 8.52 5.66 2.20 1.98 1.81 1.70 1.61 20.39 18.11 15.13 13.76 12.86 16.36 13.71 11.51 9.97 8.89 33.42 25.88 20.09 16.86 13.96 0.98 1.28 1.63 2.06 2.64 26.40 -2.4% VOLKSWAGEN AG-PREF 1.06 1.00 0.88 0.79 0.74 0.42 0.40 0.38 0.36 0.35 3.69 3.85 3.47 3.40 3.02 8.01 7.37 6.60 6.13 5.52 8.19 8.32 7.19 6.47 5.75 2.20 2.40 3.10 3.74 4.96 205.35 16.8% WACKER CHEMIE AG 1.43 1.60 1.53 1.46 1.49 0.83 0.84 0.79 0.74 0.71 5.78 8.28 5.94 5.12 4.03 6.28 7.04 5.89 5.17 4.54 45.91 165.00 37.41 23.16 17.53 0.77 0.26 0.81 1.31 1.58 64.78 -12.0% WIRECARD AG 5.04 4.51 3.91 3.37 2.90 7.11 5.89 4.99 4.28 3.70 31.94 27.80 22.30 19.06 15.28 23.01 19.96 16.40 13.82 11.28 36.15 32.95 25.87 21.55 17.48 0.47 0.49 0.58 0.67 1.02 26.07 4.7% WINCOR NIXDORF AG 4.33 3.71 3.13 2.70 2.48 0.68 0.64 0.62 0.59 0.58 12.45 10.20 9.42 8.25 7.16 10.05 8.66 7.42 6.89 7.01 22.22 16.26 13.18 11.86 11.96 2.15 2.98 3.79 4.20 3.93 48.29 1.3% ELRINGKLINGER AG 3.21 3.01 2.68 2.40 2.07 1.85 1.72 1.62 1.52 1.41 13.85 12.44 10.99 10.00 8.22 10.16 9.97 9.01 8.27 7.51 21.62 20.49 17.51 15.57 13.63 1.71 1.63 1.89 2.15 2.08 26.91 -16.9% Price to Earnings Ratio Valuation Measures II/II Estimated Dividend YieldPrice to Book Ratio Price to Sales Ratio Price to Cash Flow Ratio Enterprise Value to EBITDA Ratio Target Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  8. 8. Currency Price to Book Ratio Positive Net Income Positive Operati ng Cash Flow Increasi ng ROA Quality of Earning s Long Term Debt vs. Assets Current ratio Shares Out - Same or Dec. Inc. Gross Margin Inc. Asset Turnov er Pitroski F Score Tangiable Assets Working Captial Retained Earnings Trailing 12M Operating Inc (Loss) Market Cap Total Liabilities Net Sales (T12M) Total Shareholder s Equity Altman Z Score Altman Z Score Bankruptcy flag PE PE < 40 Price to Sales Price To Sales < 10 Price to Book Price to Book < 10 Price to Cash Flow Price to Cash Flow < 10 Dividen d Yield Div Yield > 7% Final Score PEG < 0.75 PE < 20 EPS Growth > 15% Relative Strength > 0 ROCE > 12% Market Cap > 20m Market < 1000m FINAL SCORE ADIDAS AG EUR 2.7 1 1 0 1 0 1 1 1 1 7 8552 2503 4454 1185 14087 6360 14883 5291 4.90 1.00 26.7 1 1 1 3 1 14 0 2.005 0 3 0 0 0 1 1 1 1 4 ADVA OPTICAL NETWORKING SE EUR 1.2 1 1 0 1 1 1 0 1 0 6 213 83 -201 19 190 130 330 154 1.71 1.00 11.4 1 1 1 1 1 4 1 0 0 4 - 1 0 1 1 1 0 4 CARL ZEISS MEDITEC AG - BR EUR 2.5 1 1 1 1 1 0 1 0 1 7 807 495 260 123 1613 267 862 696 8.41 1.00 22.5 1 2 1 2 1 18 0 1.5121 0 3 0 0 0 1 1 1 1 4 AIXTRON SE EUR 1.9 0 0 0 1 0 1 0 0 0 2 491 299 90 -125 896 90 228 470 6.54 1.00 - - 4 1 2 1 - - 0 0 2 - - - 1 - 1 1 3 ALLIANZ SE-REG EUR 0.9 1 1 1 1 1 - 0 - 1 6 681531 - 24738 10190 47492 638403 96020 56218 - - 4.6 1 0 1 1 1 5 1 4.2939 0 4 1 1 1 1 - 1 1 6 AAREAL BANK AG EUR 0.6 1 1 0 1 1 - 1 - 0 5 45698 - 800 176 940 43490 1184 2244 - - 9.0 1 1 1 1 1 0 1 0 0 4 - 1 0 1 - 1 1 4 BASF SE EUR 2.7 1 1 0 1 1 0 1 0 0 5 50533 10757 20247 6381 65350 37105 72129 25621 3.64 1.00 13.6 1 1 1 3 1 10 1 3.6543 0 4 0 1 0 1 1 1 1 5 BAYER AG-REG EUR 3.2 1 1 0 1 1 0 1 1 1 7 32579 5887 10185 6041 59449 32767 39760 18569 3.69 1.00 24.3 1 1 1 3 1 14 0 2.6429 0 3 0 0 0 1 1 1 1 4 BB BIOTECH AG-REG EUR - - - - - - - - - - 0 - - - - - - - - - - - - - - - - - - - - 0 - - - 1 - 1 1 3 BECHTLE AG EUR 1.4 1 1 0 0 0 1 1 1 0 5 687 258 292 81 644 387 2097 458 6.11 1.00 11.4 1 0 1 1 1 11 0 3.2626 0 3 0 1 0 1 1 1 0 4 BEIERSDORF AG EUR 4.3 1 1 1 1 0 1 1 1 1 8 5390 2047 2976 789 14036 2288 6040 3287 6.74 1.00 31.7 1 2 1 4 1 26 0 1.1312 0 3 0 0 1 1 1 1 1 5 BAYERISCHE MOTOREN WERKE AG EUR 1.6 1 1 0 0 1 1 0 0 1 5 126643 2046 27666 8298 47841 101448 76848 30402 1.42 1.00 9.4 1 1 1 2 1 10 1 3.4279 0 4 0 1 0 1 1 1 1 5 BRENNTAG AG EUR 2.6 1 1 1 1 1 0 1 0 1 7 3540 932 351 570 5121 3719 9690 1991 4.42 1.00 15.2 1 1 1 3 1 12 0 2.4138 0 3 0 1 1 1 1 1 1 6 HUGO BOSS AG -ORD EUR 9.0 1 1 0 1 1 0 1 1 1 7 1442 204 543 435 5507 947 2346 638 7.74 1.00 17.9 1 2 1 9 1 14 0 3.9098 0 3 0 1 0 1 1 1 1 5 COMMERZBANK AG EUR 0.4 1 0 0 0 1 - 0 - 1 3 632827 - 6261 1170 8358 608844 20002 27034 - - - - 0 1 0 1 - - 0 0 2 - - - 1 - 1 1 3 CELESIO AG EUR 1.0 0 1 0 1 0 1 1 1 1 6 5632 1395 758 440 2219 5733 22271 2196 5.04 1.00 21.7 1 0 1 1 1 7 1 2.2997 0 4 0 0 1 1 0 1 1 4 CANCOM SE EUR 1.9 1 1 0 1 1 1 0 - 0 5 160 40 18 21 154 128 558 81 6.38 1.00 11.7 1 0 1 2 1 9 1 2.5945 0 4 - 1 0 1 1 1 0 4 CONTINENTAL AG EUR 2.0 1 1 1 1 1 0 1 1 1 8 20771 -122 4100 3149 17519 18193 32736 9145 2.87 1.00 9.3 1 1 1 2 1 5 1 2.5688 0 4 1 1 1 1 1 1 1 7 COMPUGROUP MEDICAL AG EUR 4.0 1 1 1 1 1 0 1 - 1 7 195 -66 126 69 723 472 451 179 4.69 1.00 23.5 1 2 1 4 1 11 0 2.4022 0 3 0 0 1 1 - 1 0 3 DAIMLER AG-REGISTERED SHARES EUR 1.0 1 0 0 0 0 1 0 0 0 2 154093 8013 28790 8071 44130 117468 114297 45510 1.39 1.00 7.2 1 0 1 1 1 - - 5.3243 0 3 0 1 0 1 1 1 1 5 DEUTSCHE BOERSE AG EUR 2.9 1 1 0 1 1 0 0 - 0 4 213349 -328 1505 975 8505 213358 2197 3170 0.05 0.00 13.4 1 4 1 3 1 12 0 4.5445 0 3 0 1 0 1 - 1 1 4 DEUTSCHE BANK AG-REGISTERED EUR 0.6 1 0 0 0 0 - 0 - 0 1 1998110 - 27845 2905 30617 1957919 52299 54410 - - 131.8 1 1 1 1 1 - - 2.2762 0 3 0 0 0 1 - 1 1 3 DEUTSCHE EUROSHOP AG EUR 1.3 1 1 1 1 1 - 0 - 1 6 3549 - 306 111 1707 2227 216 1322 - - 13.4 1 8 1 1 1 13 0 3.7927 0 3 - 1 1 1 - 1 1 5 DIALOG SEMICONDUCTOR PLC EUR 3.0 1 1 0 0 0 1 0 0 0 3 656 421 126 93 1149 326 774 383 5.21 1.00 18.1 1 1 1 3 1 22 0 0 0 3 - 1 0 1 1 1 0 4 DEUTSCHE POST AG-REG EUR 1.7 1 0 1 0 0 1 1 - 1 5 21970 -336 8488 2895 20070 21957 55512 12164 3.92 1.00 12.1 1 0 1 2 1 - - 4.2169 0 3 0 1 1 1 1 1 1 6 DRILLISCH AG EUR 4.5 1 1 0 1 0 1 1 - 0 5 374 65 -25 55 543 402 324 120 5.50 1.00 24.2 1 2 1 5 1 9 1 11.664 1 5 0 0 0 1 - 1 0 2 DRAEGERWERK AG - PREF EUR 1.8 1 1 1 1 1 0 1 1 1 8 1819 631 520 234 1263 1374 2373 727 3.58 1.00 10.0 1 1 1 2 1 7 1 1.1239 0 4 0 1 0 1 1 1 1 5 DEUTSCHE TELEKOM AG-REG EUR 1.4 0 1 0 1 0 1 1 0 1 5 66210 -7989 -36649 6720 37125 77399 58169 30543 0.56 0.00 - - 1 1 1 1 3 1 8.1443 1 4 - - - 1 - 1 1 3 DUERR AG EUR 2.8 1 1 1 0 1 1 1 1 1 8 1481 283 179 177 1168 1376 2400 432 3.03 1.00 10.9 1 0 1 3 1 12 0 3.3333 0 3 - 1 1 1 1 1 1 6 DEUTSCHE WOHNEN AG-BR EUR 1.3 1 1 1 0 0 - 0 - 0 3 4905 - 604 74 2046 3298 452 1610 - - 12.2 1 4 1 1 1 30 0 1.5 0 3 0 1 1 1 - 1 1 5 EADS NV EUR - 1 1 1 1 1 1 - 1 1 8 78680 -3319 2329 1890 - 81668 56480 10434 1.17 1.00 - - - - - - - - - - 0 - - 1 1 1 1 1 5 E.ON SE EUR 0.8 1 1 1 1 1 1 0 - 1 7 120117 7257 19216 4940 26866 101607 132093 38819 1.77 1.00 12.4 1 0 1 1 1 3 1 7.807 1 5 - 1 - 1 0 1 1 4 EVONIK INDUSTRIES AG EUR - 1 1 1 1 1 0 1 0 1 7 13473 1495 5087 1890 - 9834 13629 6829 2.53 1.00 - - - - - - - - - - 0 - - 1 1 1 1 1 5 EVOTEC AG EUR 2.0 1 1 0 1 0 1 0 0 1 5 118 54 -632 -3 311 73 87 153 -4.32 0.00 131.3 1 4 1 2 1 26 0 0 0 3 - 0 0 1 - 1 0 2 FIELMANN AG EUR 5.4 1 1 0 1 1 1 1 - 1 7 694 309 424 180 3066 182 1107 571 13.54 1.00 24.3 1 3 1 5 1 10 0 3.6986 0 3 0 0 0 1 1 1 1 4 FRESENIUS MEDICAL CARE AG & EUR 2.4 1 1 0 1 0 1 0 1 0 5 10194 2957 5072 2219 21214 12595 13800 9731 4.71 1.00 17.8 1 2 1 2 1 10 0 - - 3 0 1 0 1 1 1 1 5 FREENET AG EUR 1.5 1 1 1 1 0 1 0 - 0 5 1000 33 325 204 1793 1283 3089 1191 5.67 1.00 10.4 1 1 1 2 1 7 1 9.6429 1 5 1 1 1 1 - 1 1 6 FUCHS PETROLUB SE -PREF EUR 4.8 1 1 1 1 0 1 1 1 0 7 996 396 709 281 3875 327 1819 782 11.52 1.00 18.3 1 2 1 5 1 18 0 2.4151 0 3 0 1 0 1 1 1 1 5 FRAPORT AG FRANKFURT AIRPORT EUR 1.4 1 1 0 1 0 1 0 - 1 5 8527 620 1401 500 4048 6695 2442 2946 1.16 1.00 17.0 1 2 1 1 1 7 1 2.8451 0 4 0 1 0 1 0 1 1 4 FRESENIUS SE & CO KGAA EUR 2.0 1 1 1 1 0 1 0 0 1 6 14366 2915 4230 2983 15520 17508 19290 13156 3.25 1.00 16.3 1 1 1 2 1 6 1 1.2629 0 4 0 1 1 1 1 1 1 6 GEA GROUP AG EUR 2.2 1 1 0 1 0 1 0 1 0 5 4208 690 426 493 4710 4263 5720 2166 2.97 1.00 14.5 1 1 1 2 1 11 0 2.2477 0 3 0 1 0 1 1 1 1 5 BILFINGER SE EUR 1.6 1 1 0 0 0 1 1 1 1 6 4960 266 1131 504 3222 4813 8509 2037 2.92 1.00 11.7 1 0 1 2 1 14 0 4.1096 0 3 0 1 1 1 1 1 1 6 GAGFAH SA EUR 0.8 1 1 1 1 1 - 1 - 0 6 8094 - 826 105 1730 6011 1062 2100 - - 40.3 1 2 1 1 1 28 0 0 0 3 - 0 - 1 - 1 1 3 GSW IMMOBILIEN AG EUR 1.1 1 1 1 0 1 - 0 - 0 4 3569 - 1061 64 1617 2129 319 1441 - - 10.6 1 5 1 1 1 60 0 2.8125 0 3 0 1 1 1 - 1 1 5 GILDEMEISTER AG EUR 1.3 1 1 1 1 1 0 0 - 1 6 1431 292 294 125 918 827 2037 788 3.01 1.00 11.6 1 0 1 1 1 5 1 2.2951 0 4 0 1 1 1 1 1 1 6 GERRY WEBER INTL AG EUR 4.4 1 1 0 1 1 0 1 - 0 5 435 147 215 118 1610 121 802 363 12.50 1.00 20.4 1 2 1 4 1 20 0 2.1389 0 3 0 0 1 1 1 1 1 5 GERRESHEIMER AG EUR 2.3 1 1 1 1 1 0 1 0 1 7 1028 120 -10 128 1238 978 1219 580 2.35 1.00 20.5 1 1 1 2 1 7 1 1.6483 0 4 0 0 1 1 - 1 1 4 HEIDELBERGCEMENT AG EUR 0.7 1 1 0 1 1 0 1 - 1 6 17098 784 6513 1654 8593 14292 14020 13713 2.07 1.00 40.6 1 1 1 1 1 6 1 1.0255 0 4 0 0 0 1 0 1 1 3 HENKEL AG & CO KGAA VORZUG EUR 2.9 1 1 1 1 1 0 1 1 1 8 10880 1746 8286 2373 27012 10014 16510 9511 5.39 1.00 17.9 1 2 1 3 1 11 0 - - 3 0 1 1 1 1 1 1 6 HANNOVER RUECK SE EUR 1.2 1 1 1 1 0 - 1 - 1 6 54753 - 5211 1396 7110 48071 13760 6740 - - 8.3 1 1 1 1 1 3 1 4.4098 0 4 - 1 1 1 - 1 1 5 Altman Z Score GROWTH & VALUE CHECKLISTRatio Analysis FUNDAMENTAL SCORING Pitroski F Score Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  9. 9. Currency Price to Book Ratio Positive Net Income Positive Operati ng Cash Flow Increasi ng ROA Quality of Earning s Long Term Debt vs. Assets Current ratio Shares Out - Same or Dec. Inc. Gross Margin Inc. Asset Turnov er Pitroski F Score Tangiable Assets Working Captial Retained Earnings Trailing 12M Operating Inc (Loss) Market Cap Total Liabilities Net Sales (T12M) Total Shareholder s Equity Altman Z Score Altman Z Score Bankruptcy flag PE PE < 40 Price to Sales Price To Sales < 10 Price to Book Price to Book < 10 Price to Cash Flow Price to Cash Flow < 10 Dividen d Yield Div Yield > 7% Final Score PEG < 0.75 PE < 20 EPS Growth > 15% Relative Strength > 0 ROCE > 12% Market Cap > 20m Market < 1000m FINAL SCORE HOCHTIEF AG EUR 1.2 1 1 1 1 0 1 0 - 1 6 16249 3144 1659 527 3234 12719 25528 4244 2.44 1.00 20.4 1 0 1 1 1 3 1 2.2763 0 4 0 0 - 1 1 1 1 4 INFINEON TECHNOLOGIES AG EUR 1.5 1 1 0 1 0 1 1 0 0 5 5752 1832 -4259 453 5365 2323 3904 3575 2.22 1.00 12.4 1 1 1 2 1 8 1 2.4155 0 4 0 1 0 1 - 1 1 4 JENOPTIK AG EUR 1.3 1 1 1 1 1 1 1 1 1 9 599 174 -13 62 423 339 585 330 2.65 1.00 9.2 1 1 1 1 1 7 1 2.4384 0 4 0 1 1 1 - 1 0 4 KONTRON AG EUR 0.8 0 1 0 1 0 0 1 0 0 3 298 126 -6 -32 229 174 547 287 2.46 1.00 - - 0 1 1 1 5 1 0.9723 0 3 - - - 1 - 1 0 2 KLOECKNER & CO SE EUR 0.6 0 1 0 1 0 1 1 0 0 4 3444 1779 462 -104 895 2270 7388 1635 2.82 1.00 - - 0 1 1 1 9 1 0 0 3 - - - 1 - 1 1 3 KABEL DEUTSCHLAND HOLDING AG EUR - 1 1 1 1 1 1 1 1 0 8 2221 82 -1638 426 6359 4344 1830 -1481 1.47 1.00 25.7 1 3 1 - - 12 0 3.4804 0 2 0 0 1 1 - 1 1 4 KRONES AG EUR 1.8 1 1 1 1 1 1 1 - 1 8 1950 366 729 103 1485 1233 2664 836 3.36 1.00 21.2 1 1 1 2 1 10 0 1.5957 0 3 0 0 1 1 0 1 1 4 KUKA AG EUR 3.2 1 1 1 1 1 1 1 1 1 9 1055 314 140 103 938 840 1739 298 3.12 1.00 16.9 1 1 1 3 1 8 1 0.7228 0 4 0 1 1 1 1 1 1 6 LEG IMMOBILIEN AG EUR - 1 1 1 1 0 - 1 - 0 5 5232 - 1572 -11 - 3152 518 2086 - - - - - - - - - - - - 0 - - - 1 - 1 1 3 LEONI AG EUR 1.1 1 1 0 1 1 0 1 0 0 5 2144 243 520 242 933 1539 3809 845 2.98 1.00 6.0 1 0 1 1 1 4 1 5.2539 0 4 1 1 0 1 1 1 1 6 DEUTSCHE LUFTHANSA-REG EUR 0.8 1 1 1 1 0 1 0 - 1 6 25901 1 5679 543 6550 20121 30135 8298 1.40 1.00 6.8 1 0 1 1 1 2 1 0 0 4 - 1 1 1 0 1 1 5 LINDE AG EUR 1.9 1 1 0 1 0 1 0 0 0 4 18897 -129 5922 1905 24445 19819 15280 13658 2.31 1.00 18.8 1 2 1 2 1 11 0 2.0455 0 3 0 1 0 1 1 1 1 5 LPKF LASER & ELECTRONICS EUR 3.1 1 1 1 1 1 0 0 - 1 6 93 30 40 21 175 43 115 59 6.33 1.00 12.9 1 2 1 3 1 11 0 3.1746 0 3 0 1 1 1 1 1 0 5 LANXESS AG EUR 2.4 1 1 0 1 0 1 1 1 0 6 7129 2107 1426 883 5514 5188 9094 2331 2.43 1.00 10.7 1 1 1 2 1 8 1 1.509 0 4 0 1 0 1 1 1 1 5 MAN SE EUR 2.1 1 0 0 0 0 1 1 0 0 3 17778 172 4379 781 11842 14299 15772 5619 1.79 1.00 67.3 1 1 1 2 1 - - 1.2384 0 3 0 0 0 1 0 1 1 3 METRO AG EUR 1.1 1 1 0 1 0 1 1 0 1 6 30579 -2593 2645 1689 6863 28665 66739 6101 3.02 1.00 2100.0 1 0 1 1 1 4 1 4.7619 0 4 0 0 0 1 0 1 1 3 MORPHOSYS AG EUR 3.4 1 1 0 0 0 1 0 - 0 3 189 168 3 2 677 22 52 202 26.20 1.00 293.0 1 13 0 3 1 377 0 0 0 2 - 0 0 1 0 1 1 3 MERCK KGAA EUR 2.1 1 1 0 1 1 0 1 0 1 6 10699 2065 5983 1521 21702 11229 10741 10415 3.90 1.00 38.2 1 2 1 2 1 9 1 1.7029 0 4 0 0 0 1 1 1 1 4 MTU AERO ENGINES AG EUR 3.2 1 1 0 1 0 1 0 0 1 5 2488 173 654 287 3491 3173 3379 1089 2.89 1.00 20.1 1 1 1 3 1 15 0 1.9622 0 3 0 0 0 1 1 1 1 4 MUENCHENER RUECKVER AG-REG EUR 0.9 1 1 1 1 0 - 0 - 1 5 253466 - 19791 4374 24390 230937 65896 27423 - - 7.6 1 0 1 1 1 4 1 5.1471 0 4 - 1 1 1 - 1 1 5 AURUBIS AG EUR 0.9 1 1 0 0 1 1 1 - 0 5 4798 1911 1736 583 2045 2691 13789 2197 4.61 1.00 5.7 1 0 1 1 1 6 1 2.968 0 4 - 1 0 1 1 1 1 5 NORDEX SE EUR 0.8 0 1 0 1 0 1 1 - 1 5 973 259 26 -47 220 787 1075 279 2.06 1.00 - - 0 1 1 1 2 1 0 0 3 - - 0 1 - 1 0 2 NEMETSCHEK AG EUR 2.9 1 1 0 1 1 1 1 - 1 7 81 27 60 28 320 53 175 112 9.27 1.00 16.9 1 2 1 3 1 9 1 3.4639 0 4 - 1 0 1 1 1 0 4 NORMA GROUP SE EUR 2.3 1 1 1 1 1 0 1 - 0 6 364 112 42 102 669 404 605 288 4.29 1.00 11.8 1 1 1 2 1 8 1 3.0952 0 4 0 1 1 1 1 1 1 6 XING AG EUR 4.4 1 1 1 1 0 1 0 - 1 6 72 32 29 17 229 40 72 52 5.72 1.00 29.1 1 3 1 4 1 12 0 1.3375 0 3 0 0 - 1 1 1 0 3 TELEFONICA DEUTSCHLAND HOLDI EUR 1.0 1 1 1 1 0 0 1 - 1 6 5792 -132 5311 146 6449 2641 5213 6429 3.82 1.00 20.6 1 1 1 1 1 4 1 7.7936 1 5 1 0 1 1 - 1 1 5 OSRAM LICHT AG EUR - 0 0 0 1 1 1 - 0 1 4 4818 563 1930 -260 - 3122 5400 1946 - - - - - - - - - - - - 0 - - - 1 - 1 1 3 PFEIFFER VACUUM TECHNOLOGY EUR 3.1 1 1 1 1 1 1 1 1 0 8 358 166 172 68 904 152 461 293 5.61 1.00 19.9 1 2 1 3 1 14 0 3.7676 0 3 0 1 0 1 1 1 0 4 PSI AG EUR 3.3 1 1 1 0 0 1 1 - 1 6 139 50 -2 13 242 113 181 74 3.19 1.00 25.7 1 1 1 3 1 230 0 1.9474 0 3 0 0 1 1 1 1 0 4 PROSIEBEN SAT.1 MEDIA AG-REG EUR 3.0 1 1 0 1 1 1 0 1 1 7 4350 1782 695 606 4522 3912 2356 1501 3.56 1.00 14.0 1 2 1 3 1 3 1 26.432 1 5 1 1 1 1 1 1 1 7 QIAGEN N.V. EUR 1.6 1 1 1 1 0 1 0 1 1 7 1474 722 994 206 4292 1363 1254 2724 4.54 1.00 26.4 1 3 1 2 1 17 0 0 0 3 - 0 1 1 1 1 1 5 QSC AG EUR 1.4 1 1 0 1 0 1 1 1 0 6 251 -3 -98 25 260 207 481 180 2.64 1.00 15.0 1 1 1 1 1 5 1 4.2735 0 4 1 1 0 1 1 1 0 5 RATIONAL AG EUR 10.4 1 1 1 1 0 1 1 1 1 8 325 202 198 123 2479 89 435 237 24.50 1.00 26.6 1 6 1 10 0 22 0 2.6147 0 2 0 0 1 1 1 1 1 5 RHOEN-KLINIKUM AG EUR 1.3 1 1 0 1 1 0 1 - 1 6 2753 67 840 151 2117 1577 2865 1607 2.86 1.00 23.6 1 1 1 1 1 15 0 1.6324 0 3 0 0 0 1 0 1 1 3 RHEINMETALL AG EUR 1.0 1 1 0 1 1 0 1 - 1 6 4555 741 942 285 1373 3438 4704 1461 1.98 1.00 7.3 1 0 1 1 1 4 1 4.9451 0 4 1 1 0 1 1 1 1 6 RTL GROUP EUR - 1 1 0 1 0 0 - - 1 4 4893 1208 -2280 1051 - 3040 5998 4858 3.97 1.00 - - - - - - - - - - 0 - - 0 1 1 1 1 4 RWE AG EUR 1.6 1 1 0 1 0 1 0 - 1 5 72185 596 8163 3699 19205 71765 50771 16437 1.23 1.00 14.7 1 0 1 2 1 4 1 6.402 0 4 - 1 0 1 0 1 1 4 SMA SOLAR TECHNOLOGY AG EUR 0.8 1 1 0 1 0 1 1 0 0 5 1262 564 667 103 660 508 1463 821 3.02 1.00 8.8 1 0 1 1 1 6 1 3.1562 0 4 - 1 0 1 0 1 0 3 SAP AG EUR 5.1 1 1 0 1 0 0 0 0 1 4 10327 -31 12442 4139 72342 12664 16223 14171 7.33 1.00 25.6 1 4 1 5 1 19 0 1.4006 0 3 0 0 0 1 1 1 1 4 STADA ARZNEIMITTEL AG EUR 1.6 1 1 1 1 1 0 0 1 0 6 1565 211 275 202 1446 2070 1838 912 2.62 1.00 16.7 1 1 1 2 1 7 1 2.0483 0 4 0 1 1 1 1 1 1 6 STRATEC BIOMEDICAL AG EUR 4.8 1 1 0 0 1 0 0 0 0 3 111 72 64 17 441 30 122 92 11.48 1.00 31.6 1 4 1 5 1 162 0 1.3282 0 3 0 0 0 1 1 1 0 3 K+S AG-REG EUR 1.9 1 1 1 0 0 1 1 0 0 5 5638 1801 2635 851 6699 3162 3935 3477 3.22 1.00 11.8 1 2 1 2 1 12 0 4 0 3 - 1 0 1 1 1 1 5 SIEMENS AG-REG EUR 2.2 1 1 0 1 0 1 1 0 1 6 86618 9492 21917 6909 66721 76980 78296 31302 2.14 1.00 13.5 1 1 1 2 1 11 0 3.8501 0 3 0 1 0 1 1 1 1 5 SKY DEUTSCHLAND AG EUR 76.5 0 0 1 1 1 0 0 1 1 5 441 -583 -2333 -125 3219 1106 1333 42 -0.26 0.00 - - 2 1 77 0 - - 0 0 1 - - 1 1 - 1 1 4 SOFTWARE AG EUR 2.6 1 1 0 1 1 1 0 1 0 6 801 274 930 240 2789 712 1047 1060 5.40 1.00 16.9 1 3 1 3 1 15 0 1.4328 0 3 0 1 0 1 1 1 1 5 AXEL SPRINGER AG EUR 1.7 1 1 0 1 1 1 0 - 0 5 2353 14 1745 444 3189 2555 3310 2253 4.06 1.00 13.4 1 1 1 2 1 7 1 5.2656 0 4 - 1 0 1 1 1 1 5 SARTORIUS AG-VORZUG EUR 3.3 1 1 1 0 1 0 1 1 1 7 478 36 230 139 1113 667 846 404 4.42 1.00 27.6 1 1 1 3 1 25 0 1.4395 0 3 0 0 0 1 1 1 1 4 SYMRISE AG EUR 3.7 1 1 1 1 1 1 1 0 1 8 1347 458 -212 253 3205 1275 1735 877 3.74 1.00 20.4 1 2 1 4 1 16 0 2.3968 0 3 0 0 0 1 1 1 1 4 SALZGITTER AG EUR 0.6 0 1 0 1 0 0 1 - 1 4 8817 3190 3235 61 2132 5286 10397 3644 2.19 1.00 - - 0 1 1 1 5 1 0.6341 0 3 - - - 1 - 1 1 3 SUEDZUCKER AG EUR 2.1 1 1 1 1 1 1 0 - 1 7 7615 2263 1445 971 6821 4757 7879 4047 2.93 1.00 10.8 1 1 1 2 1 8 1 2.6942 0 4 - 1 1 1 1 1 1 6 Altman Z Score GROWTH & VALUE CHECKLISTRatio Analysis FUNDAMENTAL SCORING Pitroski F Score Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  10. 10. Currency Price to Book Ratio Positive Net Income Positive Operati ng Cash Flow Increasi ng ROA Quality of Earning s Long Term Debt vs. Assets Current ratio Shares Out - Same or Dec. Inc. Gross Margin Inc. Asset Turnov er Pitroski F Score Tangiable Assets Working Captial Retained Earnings Trailing 12M Operating Inc (Loss) Market Cap Total Liabilities Net Sales (T12M) Total Shareholder s Equity Altman Z Score Altman Z Score Bankruptcy flag PE PE < 40 Price to Sales Price To Sales < 10 Price to Book Price to Book < 10 Price to Cash Flow Price to Cash Flow < 10 Dividen d Yield Div Yield > 7% Final Score PEG < 0.75 PE < 20 EPS Growth > 15% Relative Strength > 0 ROCE > 12% Market Cap > 20m Market < 1000m FINAL SCORE TAG IMMOBILIEN AG EUR 1.1 1 1 1 0 1 - 0 - 1 5 3798 - 265 188 1241 2644 396 1156 - - 5.1 1 2 1 1 1 52 0 2.633 0 3 - 1 1 1 - 1 1 5 THYSSENKRUPP AG EUR 2.4 0 0 0 1 1 0 1 0 1 4 33993 5266 -2442 1115 8571 33758 40124 4526 1.36 1.00 - - 0 1 2 1 - - 0 0 2 - - - 1 0 1 1 3 TALANX AG EUR 0.6 1 1 1 1 1 - 1 - 1 7 127461 - 5787 1760 4468 118611 26438 11643 - - 7.5 1 0 1 1 1 1 1 4.8883 0 4 - 1 0 1 - 1 1 4 TUI AG EUR 0.8 0 1 0 1 1 0 0 1 1 5 9275 -2937 480 560 1700 11146 18330 2067 1.77 1.00 - - 0 1 1 1 3 1 0 0 3 - - 0 1 - 1 1 3 UNITED INTERNET AG-REG SHARE EUR 16.8 1 1 0 1 1 0 0 0 1 5 600 -379 -52 251 3170 910 2397 198 7.80 1.00 29.1 1 1 1 17 0 12 0 1.8394 0 2 0 0 0 1 - 1 1 3 VOLKSWAGEN AG-PREF EUR 1.0 1 1 1 0 0 1 1 1 0 6 250486 3310 64815 11310 77316 227819 192676 81825 1.45 1.00 3.5 1 0 1 1 1 11 0 - - 3 1 1 1 1 1 1 1 7 WACKER CHEMIE AG EUR 0.9 1 1 0 1 0 0 1 0 0 4 6304 764 2181 335 2466 3712 4635 2618 1.76 1.00 21.9 1 1 1 1 1 7 1 1.2086 0 4 0 0 0 1 0 1 1 3 WIRECARD AG EUR 3.9 1 1 0 1 1 0 0 - 0 4 780 187 289 94 2087 586 395 542 4.01 1.00 27.8 1 5 1 4 1 22 0 0.5914 0 3 0 0 0 1 1 1 1 4 WINCOR NIXDORF AG EUR 2.8 1 1 0 1 0 1 1 0 0 5 1056 19 291 100 910 1074 2343 329 3.84 1.00 14.5 1 0 1 3 1 10 0 3.437 0 3 1 1 0 1 1 1 1 6 ELRINGKLINGER AG EUR 2.7 1 1 0 1 1 0 1 0 0 5 1133 190 428 136 1616 628 1127 640 3.46 1.00 18.8 1 1 1 3 1 14 0 1.7647 0 3 0 1 0 1 1 1 1 5 Altman Z Score GROWTH & VALUE CHECKLISTRatio Analysis FUNDAMENTAL SCORING Pitroski F Score Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  11. 11. 27.09.2013 Adidas AG manufactures sports shoes and sports equipment. The Company produces products that include footwear, sports apparel, and golf clubs and balls. Adidas sells its products worldwide. Latest Fiscal Year: 12/2012 LTM as of: 06/yy 52-Week High (06.08.2013) 88.50 52-Week Low (16.11.2012) 62.60 Daily Volume 79.51 52-Week High % Change -10.16% Dividend Yield - 52-Week Low % Change 27.01% Beta 0.84 % 52 Week Price Range High/Low 64.13% Equity Float 209.22 Shares Out 30.06.2013 209.2 Short Int - 16'634.78 1 Yr Total Return 22.72% Total Debt 1'487.00 YTD Return 20.00% Preferred Stock 0.0 Adjusted BETA 0.837 Minority Interest (13.0) Analyst Recs 44 Cash and Equivalents 1'935.00 Consensus Rating 4.114 Enterprise Value 16'716.78 Average Volume 5 Day 1'630'456 ADS GY EQUITY YTD Change - Average Volume 30 Day 888'534 ADS GY EQUITY YTD % CHANGE - Average Volume 3 Month 829'117 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 06/yy 06/yy 12/13 Y 12/14 Y 09/13 Q3 12/13 Q4 10'799.0 10'381.0 11'990.0 13'322.0 14'883.0 14'326 14'676 14'698 15'794 4'000 3'480 0.69x 0.85x 0.87x 0.78x 0.92x 3.20x 4.23x 1.09x 0.99x - - 1'310.0 823.0 1'174.0 1'206.0 1'456.0 1'350.0 1'493.0 1'574.2 1'875.2 534.5 296.0 5.69x 10.72x 8.91x 8.64x 9.36x 9.02x 11.74x 10.63x 8.92x 9.36x 8.91x 642.0 245.0 567.0 613.0 526.0 718.0 552.0 871.1 1'074.4 340.8 50.9 8.35x 30.22x 18.04x 17.15x 26.72x 16.54x 31.71x 19.10x 15.66x 17.26x 16.22x EBITDA 1'456.00 Long-Term Rating Date - EBIT 1'185.00 Long-Term Rating - Operating Margin 7.96% Long-Term Outlook - Pretax Margin 5.72% Short-Term Rating Date - Return on Assets 4.67% Short-Term Rating - Return on Common Equity 10.06% Return on Capital - EBITDA/Interest Exp. 15.01 Asset Turnover 1.24% (EBITDA-Capex)/Interest Exp. 11.13 Net Debt/EBITDA 0.06 Gross Margin 49.5% Total Debt/EBITDA 0.88 EBITDA Margin 10.2% EBIT Margin 6.5% Total Debt/Equity 28.0% Net Income Margin 3.5% Total Debt/Capital 21.9% Asset Turnover 1.24 Current Ratio 1.57 Net Fixed Asset Turnover 13.81 Quick Ratio 0.83 Accounts receivable turnover-days 51.57 Debt to Assets 12.76% Inventory Days 129.40 Tot Debt to Common Equity 28.04% Accounts Payable Turnover Day 89.16 Accounts Receivable Turnover 7.08 Cash Conversion Cycle 72.10 Inventory Turnover 2.82 Fiscal Year Ended Adidas AG Price/Volume Valuation Analysis 669'047.00 Current Price (9/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 10 20 30 40 50 60 70 80 90 100 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13 j-13 a-13 s-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 0.0 2'000.0 4'000.0 6'000.0 8'000.0 10'000.0 12'000.0 14'000.0 16'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 01.07.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  12. 12. 27.09.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type CAPITAL GROUP COMPAN n/a ULT-AGG 14'632'128 6.99 - 30.06.2013 Investment Advisor BLACKROCK n/a ULT-AGG 14'411'293 6.89 52'988 23.09.2013 Investment Advisor THORNBURG INVESTMENT n/a Research 10'057'706 4.81 - 10.05.2013 Investment Advisor ROYAL BANK OF SCOTLA n/a Research 9'347'766 4.47 - 23.05.2013 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 4'886'922 2.34 - 31.12.2012 Government DEUTSCHE BANK AG n/a ULT-AGG 3'827'742 1.83 9'596 31.07.2013 Investment Advisor VANGUARD GROUP INC n/a ULT-AGG 3'592'510 1.72 (359'040) 30.06.2013 Unclassified FMR LLC n/a ULT-AGG 3'542'843 1.69 144'194 31.07.2013 Investment Advisor UBS AG n/a ULT-AGG 3'121'077 1.49 11'113 28.06.2013 Unclassified INVESCO LTD n/a ULT-AGG 2'725'139 1.3 30'371 24.09.2013 Investment Advisor UNION INVESTMENT GMB Multiple Portfolios MF-AGG 1'769'586 0.85 24'436 28.03.2013 Investment Advisor JUPITER ASSET MANAGE Multiple Portfolios MF-AGG 1'667'034 0.8 75'000 31.05.2013 Investment Advisor ALLIANZ ASSET MANAGE n/a ULT-AGG 1'453'723 0.69 18'626 31.07.2013 Investment Advisor MANNING & NAPIER ADV Multiple Portfolios MF-AGG 1'271'690 0.61 11'310 31.12.2012 Investment Advisor DEKA INVESTMENT GMBH Multiple Portfolios MF-AGG 1'175'770 0.56 (69'440) 30.04.2013 Investment Advisor WILLIAM BLAIR & COMP WILLIAM BLAIR & COMP 13F 1'154'890 0.55 1'154'890 30.06.2013 Investment Advisor LANSDOWNE PARTNERS n/a Short (1'025'159) -0.49 41'844 02.09.2013 Investment Advisor BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 840'376 0.4 (140'000) 30.04.2013 Investment Advisor DB PLATINUM ADVISORS Multiple Portfolios MF-AGG 758'189 0.36 658'995 31.07.2013 Investment Advisor BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 636'863 0.3 - 24.09.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Equinet Institutional Services(ESN) INGBERT FAUST accumulate 4 M 85 12 month 25.09.2013 Credit Suisse ROGERIO FUJIMORI outperform 5 M 92 Not Provided 24.09.2013 Cantor Fitzgerald ALLEGRA PERRY hold 3 M 77 Not Provided 23.09.2013 Susquehanna Financial Group CHRISTOPHER SVEZIA Positive 4 M 100 12 month 23.09.2013 Redburn Partners ANDREW MOBBS sell 1 M #N/A N/A Not Provided 23.09.2013 AlphaValue HANS-PETER WODNIOK reduce 2 M 83 6 month 23.09.2013 Commerzbank Corporates & Markets ANDREAS RIEMANN buy 5 M 96 6 month 20.09.2013 Deutsche Bank MICHAEL KUHN hold 3 M 82 12 month 20.09.2013 Nord/LB JULIA SIEKMANN buy 5 M 92 12 month 20.09.2013 Goldman Sachs WILLIAM HUTCHINGS Buy/Neutral 5 M 104 12 month 20.09.2013 Baader Bank VOLKER BOSSE buy 5 M 95 12 month 20.09.2013 UBS FRED SPEIRS buy 5 M 90 12 month 20.09.2013 JPMorgan CHIARA BATTISTINI overweight 5 M 90 15 month 20.09.2013 Raymond James CEDRIC LECASBLE outperform 5 M 87 12 month 20.09.2013 Independent Research GmbH ZAFER RUZGAR hold 3 M 85 12 month 20.09.2013 Hauck & Aufhaeuser CHRISTIAN NIKOLAS SCHWENKENBECHER buy 5 M 103 12 month 20.09.2013 National Bank AG MARKUS GLOCKENMEIER sell 1 M #N/A N/A Not Provided 20.09.2013 M.M. Warburg Investment Research JOERG PHILIPP FREY hold 3 M 85 12 month 20.09.2013 Kepler Cheuvreux JUERGEN KOLB buy 5 M 91 Not Provided 20.09.2013 Bryan Garnier & Cie CEDRIC ROSSI buy 5 M 93 6 month 20.09.2013 Nomura CHRISTOPHER WALKER buy 5 M 95 12 month 20.09.2013 S&P Capital IQ WILLIAM MACK strong buy 5 M 98 12 month 20.09.2013 DZ Bank AG HERBERT STURM buy 5 M 87 Not Provided 20.09.2013 Main First Bank AG MATTHIAS EIFERT outperform 5 M 105 12 month 20.09.2013 Exane BNP Paribas ANDREAS INDERST outperform 5 M 96 Not Provided 20.09.2013 Barclays JULIAN EASTHOPE overweight 5 M 95 Not Provided 20.09.2013 Telsey Advisory Group KELLY CHEN no rating system #N/A N/A M 90 Not Provided 20.09.2013 Robert W. Baird & Co MITCHEL J KUMMETZ outperform 5 M 90 12 month 19.09.2013 Berenberg Bank JOHN GUY buy 5 M 96 Not Provided 16.09.2013 Day by Day VALERIE GASTALDY hold 3 M #N/A N/A Not Provided 16.09.2013 Equita SIM SpA FABIO FAZZARI hold 3 M 80 Not Provided 13.09.2013 HSBC ERWAN RAMBOURG overweight 5 M 95 Not Provided 12.09.2013 EVA Dimensions CRAIG STERLING underweight 1 D #N/A N/A Not Provided 14.08.2013 Hamburger Sparkasse CHRISTIAN HAMANN hold 3 M #N/A N/A Not Provided 13.08.2013 Landesbank Baden-Wuerttemberg BARBARA AMBRUS buy 5 M 96 Not Provided 12.08.2013 ISI Group OMAR SAAD neutral 3 M 90 Not Provided 10.08.2013 Bankhaus Lampe MICHAEL GORNY hold 3 M 84 Not Provided 09.08.2013 Bankhaus Metzler SEBASTIAN FRERICKS buy 5 M 91 12 month 09.08.2013 SRH AlsterResearch NEIL SCHMODDE buy 5 M 108 12 month 09.08.2013 Morgan Stanley LOUISE SINGLEHURST Underwt/In-Line 1 M 73 12 month 08.08.2013 KochBank Research MARK JOSEFSON buy 5 N 94 Not Provided 25.06.2013 Hammer Partners SA STEPHAN SEIP buy 5 M 104 Not Provided 17.06.2013 Bank of Valletta TEAM COVERAGE overweight 5 N 97 Not Provided 16.04.2013 Holdings By: Adidas AG All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  13. 13. 27.09.2013 ADVA AG Optical Networking designs, develops, and manufactures optical networking products. The Company's products include wave length division multiplexing (WDM) communications systems, high-speed fiber optic converters, EDFA modules, and all-optical switches. ADVA's products are used in high-speed centralized data storage and disaster recovery. Latest Fiscal Year: 12/2012 LTM as of: 06/yy 52-Week High (17.10.2012) 5.42 52-Week Low (29.04.2013) 3.45 Daily Volume 4.667 52-Week High % Change -13.85% Dividend Yield - 52-Week Low % Change 35.28% Beta 0.99 % 52 Week Price Range High/Low 61.57% Equity Float 38.68 Shares Out 02.09.2013 48.0 Short Int - 223.84 1 Yr Total Return -8.40% Total Debt 29.03 YTD Return 17.26% Preferred Stock 0.0 Adjusted BETA 0.994 Minority Interest 0.0 Analyst Recs 6 Cash and Equivalents 70.27 Consensus Rating 3.000 Enterprise Value 183.53 Average Volume 5 Day 226'289 ADV GY EQUITY YTD Change - Average Volume 30 Day 154'744 ADV GY EQUITY YTD % CHANGE - Average Volume 3 Month 132'053 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 06/yy 06/yy 12/13 Y 12/14 Y 09/13 Q3 12/13 Q4 217.7 232.8 291.7 310.9 330.1 330.3 317.9 325.3 350.3 88.8 - 0.18x 0.40x 0.86x 0.46x 0.45x 1.96x 1.97x 0.57x 0.50x - - 12.3 20.3 30.0 37.6 45.1 45.6 37.3 38.7 44.6 12.8 - 3.17x 4.64x 8.40x 3.77x 3.30x 3.36x 3.88x 4.74x 4.11x - - (8.9) 1.3 7.0 16.9 16.7 27.6 8.5 6.3 10.1 - - - 84.33x 39.07x 10.07x 11.37x 6.90x 22.29x 31.97x 21.61x - - EBITDA 45.12 Long-Term Rating Date - EBIT 18.83 Long-Term Rating - Operating Margin 5.71% Long-Term Outlook - Pretax Margin 5.61% Short-Term Rating Date - Return on Assets 2.98% Short-Term Rating - Return on Common Equity 5.59% Return on Capital 5.11% EBITDA/Interest Exp. 34.15 Asset Turnover 1.12% (EBITDA-Capex)/Interest Exp. 27.19 Net Debt/EBITDA -1.08 Gross Margin 39.9% Total Debt/EBITDA 1.07 EBITDA Margin 11.7% EBIT Margin 3.4% Total Debt/Equity 18.9% Net Income Margin 5.1% Total Debt/Capital 15.9% Asset Turnover 1.12 Current Ratio 1.90 Net Fixed Asset Turnover 14.24 Quick Ratio 1.37 Accounts receivable turnover-days 61.93 Debt to Assets 10.22% Inventory Days 74.44 Tot Debt to Common Equity 18.86% Accounts Payable Turnover Day 60.71 Accounts Receivable Turnover 5.89 Cash Conversion Cycle 68.79 Inventory Turnover 4.90 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended ADVA Optical Networking SE Price/Volume Valuation Analysis 113'926.00 Current Price (9/dd/yy) Market Data 0 1 2 3 4 5 6 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13 j-13 a-13 s-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 01.07.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  14. 14. 27.09.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type EGORA GROUP n/a Co File 8'655'909 18.05 - 31.12.2012 Unclassified DEUTSCHE BANK AG n/a ULT-AGG 3'775'000 7.87 (225'000) 31.05.2013 Investment Advisor FMR LLC n/a ULT-AGG 1'049'478 2.19 (33) 31.07.2013 Investment Advisor ING INTERNATIONAL AD Multiple Portfolios MF-AGG 876'948 1.83 876'948 28.03.2013 Investment Advisor DNB NOR ASSET MANAGE Multiple Portfolios MF-AGG 761'697 1.59 34'662 31.05.2013 Investment Advisor ING INVESTMENT MANAG Multiple Portfolios MF-AGG 482'788 1.01 (431) 30.06.2013 Investment Advisor DEKA INVESTMENT GMBH Multiple Portfolios MF-AGG 450'000 0.94 - 28.03.2013 Investment Advisor RAIFFEISEN KAPITALAN Multiple Portfolios MF-AGG 395'500 0.82 (4'200) 28.06.2013 Investment Advisor PROTIVA ERIC V n/a Co File 320'000 0.67 - 31.12.2012 n/a BLACKROCK n/a ULT-AGG 298'620 0.62 (5'063) 23.09.2013 Investment Advisor PROTIVA BRIAN n/a Co File 294'030 0.61 - 31.12.2012 n/a SWISSCANTO FONDSLEIT Multiple Portfolios MF-AGG 186'356 0.39 93 28.03.2013 Investment Advisor DNB ASSET MANAGEMENT Multiple Portfolios MF-AGG 135'747 0.28 15'169 31.05.2013 Investment Advisor UBS AG n/a ULT-AGG 109'745 0.23 (50'000) 31.05.2013 Unclassified SKANDIA FONDER AB Multiple Portfolios MF-AGG 106'169 0.22 12'553 31.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 82'567 0.17 - 30.04.2013 Investment Advisor SCHRODER INVESTMENT Multiple Portfolios MF-AGG 80'037 0.17 (63'310) 30.04.2013 Investment Advisor KEPLER-FONDS KAGMBH Multiple Portfolios MF-AGG 66'118 0.14 2'666 28.03.2013 Investment Advisor METZLER ASSET MANAGE Multiple Portfolios MF-AGG 62'600 0.13 10'500 30.04.2012 Investment Advisor ACOMEA SGR Multiple Portfolios MF-AGG 50'500 0.11 - 31.07.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Berenberg Bank ALI FARID KHWAJA hold 3 D 5 Not Provided 24.09.2013 Landesbank Baden-Wuerttemberg MIRKO MAIER hold 3 M 4 Not Provided 20.09.2013 Hauck & Aufhaeuser TIM OLIVER WUNDERLICH sell 1 M 3 12 month 20.09.2013 EVA Dimensions ANDREW S ZAMFOTIS hold 3 D #N/A N/A Not Provided 01.08.2013 Deutsche Bank BENJAMIN KOHNKE hold 3 M 5 12 month 22.07.2013 Close Brothers Equity Markets VEYSEL TAZE buy 5 M 5 12 month 18.07.2013 WestLB Equity Markets THOMAS LANGER neutral 3 M #N/A N/A Not Provided 25.04.2012 Holdings By: ADVA Optical Networking SE All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  15. 15. 27.09.2013 Carl Zeiss Meditec AG provides complete system solutions in the field of medical technology for ophthalmology. The Company's products include screening, diagnostic, and therapeutic systems for the treatment of vision defects, cataracts, glaucoma, and retinal disorders. Carl Zeiss Meditec operates worldwide with subsidiaries in the USA and Japan. Latest Fiscal Year: 09/2012 LTM as of: 06/yy 52-Week High (15.07.2013) 26.89 52-Week Low (26.09.2012) 18.84 Daily Volume 22.25 52-Week High % Change -17.24% Dividend Yield - 52-Week Low % Change 18.13% Beta 0.50 % 52 Week Price Range High/Low 42.05% Equity Float 28.46 Shares Out 14.08.2013 81.3 Short Int - 1'809.14 1 Yr Total Return 19.72% Total Debt 30.91 YTD Return 4.03% Preferred Stock 0.0 Adjusted BETA 0.502 Minority Interest 40.8 Analyst Recs 14 Cash and Equivalents 9.53 Consensus Rating 2.786 Enterprise Value 1'860.06 Average Volume 5 Day 56'087 AFX GY EQUITY YTD Change - Average Volume 30 Day 48'861 AFX GY EQUITY YTD % CHANGE - Average Volume 3 Month 41'660 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.09.2008 30.09.2009 30.09.2010 30.09.2011 30.09.2012 06/yy 06/yy 09/13 Y 09/14 Y 09/13 Q4 12/13 Q1 600.2 640.1 676.7 758.8 861.9 834.1 880.1 892.7 954.7 234.5 - 1.13x 1.17x 1.00x 1.26x 1.94x 5.93x 8.72x 1.77x 1.61x - - 80.9 92.4 107.7 122.5 140.8 135.4 143.8 149.3 163.7 42.0 - 8.40x 8.13x 6.29x 7.81x 11.90x 10.50x 14.73x 12.46x 11.36x - - 54.0 50.5 54.9 66.9 71.9 70.8 85.2 89.2 93.8 23.3 - 15.30x 17.74x 16.88x 16.27x 22.55x 21.61x 24.46x 20.34x 19.25x - - EBITDA 140.80 Long-Term Rating Date - EBIT 122.90 Long-Term Rating - Operating Margin 14.26% Long-Term Outlook - Pretax Margin 13.48% Short-Term Rating Date - Return on Assets 9.10% Short-Term Rating - Return on Common Equity 12.95% Return on Capital 13.07% EBITDA/Interest Exp. 23.15 Asset Turnover 0.94% (EBITDA-Capex)/Interest Exp. 20.76 Net Debt/EBITDA 0.10 Gross Margin 53.5% Total Debt/EBITDA 0.13 EBITDA Margin 16.3% EBIT Margin 14.4% Total Debt/Equity 4.7% Net Income Margin 8.3% Total Debt/Capital 4.3% Asset Turnover 0.94 Current Ratio 3.32 Net Fixed Asset Turnover 17.95 Quick Ratio 0.68 Accounts receivable turnover-days 51.90 Debt to Assets 3.21% Inventory Days 138.52 Tot Debt to Common Equity 4.72% Accounts Payable Turnover Day 25.56 Accounts Receivable Turnover 7.03 Cash Conversion Cycle 154.50 Inventory Turnover 2.63 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Carl Zeiss Meditec AG Price/Volume Valuation Analysis 36'147.00 Current Price (9/dd/yy) Market Data 0 5 10 15 20 25 30 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13 j-13 a-13 s-13 .0 M .1 M .1 M .2 M .2 M .3 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 800.0 900.0 1'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 45.00 02.10.2009 02.04.2010 02.10.2010 02.04.2011 02.10.2011 02.04.2012 02.10.2012 02.04.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  16. 16. 27.09.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type CARL ZEISS AG n/a Co File 52'851'241 65 - 30.09.2012 Corporation CAPITAL GROUP COMPAN n/a ULT-AGG 1'565'000 1.92 - 30.06.2013 Investment Advisor OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 1'500'000 1.84 (600'000) 31.07.2013 Investment Advisor ALLIANZ ASSET MANAGE n/a ULT-AGG 662'129 0.81 7'400 30.06.2013 Investment Advisor ODDO ASSET MANAGEMEN Multiple Portfolios MF-AGG 576'659 0.71 - 30.09.2012 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 471'552 0.58 - 31.12.2012 Government SEB n/a ULT-AGG 461'827 0.57 5'829 28.03.2013 Unclassified ING ASSET MANAGEMENT Multiple Portfolios MF-AGG 300'000 0.37 - 28.03.2013 Investment Advisor MANNING & NAPIER ADV Multiple Portfolios MF-AGG 269'630 0.33 269'630 31.12.2012 Investment Advisor ODIN FORVALTNING AS Multiple Portfolios MF-AGG 235'266 0.29 35'435 30.08.2013 Investment Advisor FONDITA RAHASTOYHTIO Multiple Portfolios MF-AGG 207'008 0.25 (10'000) 31.07.2013 Investment Advisor VANGUARD GROUP INC n/a ULT-AGG 174'805 0.21 - 30.06.2013 Unclassified SWISSCANTO FONDSLEIT Multiple Portfolios MF-AGG 163'830 0.2 - 28.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 163'107 0.2 (4'064) 23.09.2013 Investment Advisor ECCLESIASTICAL INSUR Multiple Portfolios MF-AGG 150'000 0.18 - 31.07.2013 Insurance Company GROUPAMA ASSET MANAG Multiple Portfolios MF-AGG 145'234 0.18 10'984 28.03.2013 Investment Advisor ROYCE AND ASSOCIATES Multiple Portfolios MF-AGG 130'150 0.16 (437'918) 30.06.2013 Investment Advisor PUTNAM INVESTMENT MA Multiple Portfolios MF-AGG 122'190 0.15 - 30.06.2013 Investment Advisor BARCLAYS ASSET MANAG Multiple Portfolios MF-AGG 79'145 0.1 (35'070) 30.03.2012 Investment Advisor SEBINVEST A/S Multiple Portfolios MF-AGG 78'959 0.1 - 30.06.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Hamburger Sparkasse MARCO GUENTHER hold 3 M #N/A N/A Not Provided 30.08.2013 Nord/LB HOLGER FECHNER buy 5 M 28 12 month 27.08.2013 EVA Dimensions TIMOTHY STANISH underweight 1 U #N/A N/A Not Provided 26.08.2013 DZ Bank AG SVEN OLAF KUERTEN sell 1 M 19 Not Provided 20.08.2013 Jefferies INGEBORG OIE underperform 1 D 20 12 month 16.08.2013 Independent Research GmbH CHRISTOPH SCHOENDUBE hold 3 M 27 12 month 15.08.2013 Kepler Cheuvreux OLIVER REINBERG reduce 2 M 21 Not Provided 15.08.2013 Montega THOMAS RAU buy 5 M 29 12 month 15.08.2013 Deutsche Bank GUNNAR ROMER hold 3 M 23 12 month 14.08.2013 JPMorgan DAVID J ADLINGTON neutral 3 M 24 9 month 14.08.2013 HSBC HENDRIK LOFRUTHE underweight 1 M 22 Not Provided 14.08.2013 Berenberg Bank SCOTT BARDO buy 5 M 26 Not Provided 14.08.2013 Landesbank Baden-Wuerttemberg VOLKER STOLL hold 3 M 24 Not Provided 14.05.2013 Commerzbank Corporates & Markets VOLKER BRAUN hold 3 M 25 6 month 07.05.2013 Equinet Institutional Services(ESN) EDOUARD AUBERY accumulate 4 M 16 12 month 09.12.2011 GSC Research MATTHIAS WAHLER sell 1 M #N/A N/A Not Provided 22.04.2010 Holdings By: Carl Zeiss Meditec AG All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  17. 17. 27.09.2013 Aixtron SE engineers and manufactures metal organic chemical vapor deposition (MOCVD) equipment for the semiconductor industry. The Company's customers use its equipment to produce compound semiconductor layer structures for use in LED, laser, solar cell, transistor, telecommunications, and other applications. Aixtron markets its products worldwide. Latest Fiscal Year: 12/2012 LTM as of: 06/yy 52-Week High (31.05.2013) 13.89 52-Week Low (12.12.2012) 8.38 Daily Volume 13.005 52-Week High % Change -6.37% Dividend Yield - 52-Week Low % Change 55.28% Beta 0.99 % 52 Week Price Range High/Low 81.96% Equity Float 93.81 Shares Out 25.09.2013 102.2 Short Int - 1'329.52 1 Yr Total Return 20.19% Total Debt 0.00 YTD Return 46.47% Preferred Stock 0.0 Adjusted BETA 0.994 Minority Interest 0.0 Analyst Recs 30 Cash and Equivalents 209.49 Consensus Rating 2.733 Enterprise Value 1'113.66 Average Volume 5 Day 356'652 AIXA GY EQUITY YTD Change - Average Volume 30 Day 380'821 AIXA GY EQUITY YTD % CHANGE - Average Volume 3 Month 426'185 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 06/yy 06/yy 12/13 Y 12/14 Y 09/13 Q3 12/13 Q4 274.4 302.9 783.8 611.0 227.8 318.1 225.3 226.3 373.4 57.4 71.1 1.30x 6.73x 3.03x 1.14x 3.01x 10.73x 15.69x 5.09x 3.07x 19.43x 15.61x 43.2 75.3 288.9 127.3 (108.6) (36.4) (166.2) (69.0) 50.3 (2.2) 2.4 8.24x 27.09x 8.23x 5.47x - 0.00x 0.00x - 22.04x 78.55x 36.01x 23.0 44.8 192.5 79.5 (145.4) (34.8) (209.3) (83.7) 27.5 (5.6) (0.6) 18.31x 47.96x 14.30x 12.47x - 0.00x 0.00x - 45.79x 684.47x 120.42x EBITDA -108.64 Long-Term Rating Date - EBIT -125.28 Long-Term Rating - Operating Margin -54.99% Long-Term Outlook - Pretax Margin -57.03% Short-Term Rating Date - Return on Assets -34.88% Short-Term Rating - Return on Common Equity -43.16% Return on Capital - EBITDA/Interest Exp. -3746.07 Asset Turnover 0.38% (EBITDA-Capex)/Interest Exp. -4289.79 Net Debt/EBITDA - Gross Margin 0.2% Total Debt/EBITDA 0.00 EBITDA Margin -73.8% EBIT Margin -81.5% Total Debt/Equity 0.0% Net Income Margin -63.8% Total Debt/Capital 0.0% Asset Turnover 0.38 Current Ratio 4.38 Net Fixed Asset Turnover 2.32 Quick Ratio 2.79 Accounts receivable turnover-days 46.14 Debt to Assets 0.00% Inventory Days 176.18 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 39.96 Accounts Receivable Turnover 7.91 Cash Conversion Cycle 310.27 Inventory Turnover 2.07 Fiscal Year Ended Aixtron SE Price/Volume Valuation Analysis 283'523.00 Current Price (9/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 2 4 6 8 10 12 14 16 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13 j-13 a-13 s-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 800.0 900.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 01.07.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  18. 18. 27.09.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type CAMMA GMBH n/a 20F 7'650'000 7.48 - 28.02.2013 Corporation ALLIANZ GLOBAL INVES n/a Research 5'102'037 4.99 - 17.07.2013 Investment Advisor BAILLIE GIFFORD AND n/a Research 5'093'343 4.98 - 29.04.2013 Investment Advisor BLACKROCK n/a ULT-AGG 3'990'841 3.9 46'327 23.09.2013 Investment Advisor VANGUARD GROUP INC n/a ULT-AGG 3'970'269 3.88 (486) 30.06.2013 Unclassified ADIG INVESTMENT Multiple Portfolios MF-AGG 3'460'000 3.38 (10'000) 31.05.2013 Investment Advisor GENERATION INVESTMEN n/a 20F 3'089'151 3.02 - 31.12.2012 Investment Advisor DEUTSCHE BANK AG n/a ULT-AGG 2'818'556 2.76 - 31.05.2013 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 2'379'360 2.33 - 31.12.2012 Government UBS AG n/a ULT-AGG 2'157'086 2.11 - 16.08.2013 Unclassified AQR CAPITAL MANAGEME n/a Short (1'921'736) -1.88 112'442 23.09.2013 Hedge Fund Manager T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 1'037'338 1.01 (142'747) 30.06.2013 Investment Advisor ING INTERNATIONAL AD Multiple Portfolios MF-AGG 1'007'257 0.99 (116'049) 28.06.2013 Investment Advisor FMR LLC n/a ULT-AGG 963'786 0.94 (76'512) 31.07.2013 Investment Advisor OXFORD ASSET MANAGEM n/a Short (909'758) -0.89 91'998 16.09.2013 Hedge Fund Manager ING INVESTMENT MANAG Multiple Portfolios MF-AGG 895'479 0.88 (290'555) 30.06.2013 Investment Advisor ALLIANZ ASSET MANAGE n/a ULT-AGG 873'820 0.85 (29'879) 31.08.2013 Investment Advisor SCHINDELHAUER KIM n/a 20F 766'500 0.75 - 31.01.2013 n/a SAEMOR CAPITAL BV n/a Short (643'986) -0.63 161'616 18.09.2013 Investment Advisor BOSTON COMMON ASSET BOSTON COMMON ASSET 13F 608'594 0.6 608'594 30.06.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Bankhaus Lampe KARSTEN ILTGEN buy 5 M 16 12 month 23.09.2013 Goldman Sachs SIMON F SCHAFER neutral/neutral 3 M 17 12 month 11.09.2013 Exane BNP Paribas GERHARD ORGONAS outperform 5 M 15 Not Provided 10.09.2013 Natixis MAXIME MALLET buy 5 M 15 Not Provided 02.09.2013 Commerzbank Corporates & Markets THOMAS M BECKER hold 3 M 12 6 month 29.08.2013 Morgan Stanley ANDREW HUMPHREY Equalwt/Cautious 3 M 12 12 month 28.08.2013 Main First Bank AG JUERGEN WAGNER underperform 1 M 10 12 month 31.07.2013 Equinet Institutional Services(ESN) ADRIAN PEHL sell 1 M 7 12 month 30.07.2013 Deutsche Bank UWE SCHUPP buy 5 M 14 12 month 29.07.2013 Hamburger Sparkasse INGO SCHMIDT hold 3 M #N/A N/A Not Provided 29.07.2013 Redburn Partners SUMANT WAHI buy 5 M #N/A N/A Not Provided 29.07.2013 Societe Generale PETER KNOX sell 1 M 9 12 month 26.07.2013 Baader Bank GUENTHER MICHAEL HOLLFELDER hold 3 M 13 12 month 26.07.2013 JPMorgan SANDEEP S DESHPANDE neutral 3 M 10 3 month 26.07.2013 Independent Research GmbH MARKUS FRIEBEL sell 1 M 9 12 month 26.07.2013 Sterne, Agee & Leach ANDREW HUANG neutral 3 M #N/A N/A Not Provided 26.07.2013 Bankhaus Metzler STEPHAN BAUER sell 1 M 8 12 month 26.07.2013 Barclays ANDREW M GARDINER equalweight 3 M 12 Not Provided 26.07.2013 SRH AlsterResearch DANIEL PAWLOWSKI sell 1 M 10 12 month 26.07.2013 HSBC CHRISTIAN DOMINIK RATH neutral 3 M 13 Not Provided 25.07.2013 Landesbank Baden-Wuerttemberg WALTER SCHNEIDER sell 1 M 11 Not Provided 25.07.2013 Hauck & Aufhaeuser TIM OLIVER WUNDERLICH buy 5 M 13 12 month 25.07.2013 M.M. Warburg Investment Research MALTE SCHAUMANN sell 1 M 9 12 month 25.07.2013 Berenberg Bank ALI FARID KHWAJA hold 3 M 9 Not Provided 25.07.2013 Kepler Cheuvreux BERND LAUX hold 3 U 12 Not Provided 25.07.2013 DZ Bank AG HARALD SCHNITZER sell 1 M 10 Not Provided 25.07.2013 UBS DAVID MULHOLLAND neutral 3 M 13 12 month 22.07.2013 Close Brothers Equity Markets VEYSEL TAZE sell 1 M 10 12 month 15.07.2013 Liberum Capital Ltd JANARDAN MENON buy 5 M 13 Not Provided 13.05.2013 EVA Dimensions ANDREW S ZAMFOTIS sell 1 M #N/A N/A Not Provided 17.01.2013 National Bank AG SVEN PAULSEN buy 5 M 35 Not Provided 28.07.2011 Holdings By: Aixtron SE All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  19. 19. 27.09.2013 Allianz SE, through subsidiaries, offers insurance and financial services. The Company offers property and casualty, life and health, credit, motor vehicle and travel insurance, and fund management services. Latest Fiscal Year: 12/2012 LTM as of: 06/yy 52-Week High (22.05.2013) 122.10 52-Week Low (11.10.2012) 90.36 Daily Volume 118 52-Week High % Change -3.36% Dividend Yield - 52-Week Low % Change 30.59% Beta 1.23 % 52 Week Price Range High/Low 88.03% Equity Float 448.87 Shares Out 30.06.2013 456.0 Short Int - 53'802.10 1 Yr Total Return 28.40% Total Debt 19'574.00 YTD Return 16.91% Preferred Stock 0.0 Adjusted BETA 1.231 Minority Interest 2'665.0 Analyst Recs 39 Cash and Equivalents 12'437.00 Consensus Rating 4.256 Enterprise Value 61'786.10 Average Volume 5 Day 2'136'566 ALV GY EQUITY YTD Change - Average Volume 30 Day 1'676'291 ALV GY EQUITY YTD % CHANGE - Average Volume 3 Month 1'680'870 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 06/yy 06/yy 12/13 Y 12/14 Y 09/13 Q3 12/13 Q4 76'195.0 82'711.0 89'740.0 87'384.0 96'020.0 90'556.0 97'026.0 102'442.2 105'264.4 24'605.0 24'916.0 0.62x 0.64x 0.57x 0.50x 0.60x 2.07x 2.31x 0.67x 0.65x - - - - - - - 0.0 0.0 - - - - - - - - - 0.00x 0.00x - - - - (2'444.0) 4'297.0 5'053.0 2'545.0 5'169.0 3'317.0 5'859.0 5'867.7 6'016.0 1'230.5 1'430.5 8.51x 8.37x 7.94x 13.13x 4.62x 10.58x 4.64x 9.02x 8.76x - - EBITDA - Long-Term Rating Date 27.01.2012 EBIT - Long-Term Rating AA Operating Margin 10.61% Long-Term Outlook STABLE Pretax Margin 8.95% Short-Term Rating Date 23.03.2009 Return on Assets 0.86% Short-Term Rating A-1+ Return on Common Equity 12.22% Return on Capital 10.33% EBITDA/Interest Exp. - Asset Turnover 0.14% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA - EBITDA Margin - EBIT Margin - Total Debt/Equity 36.6% Net Income Margin 5.4% Total Debt/Capital 25.8% Asset Turnover 0.14 Current Ratio - Net Fixed Asset Turnover - Quick Ratio - Accounts receivable turnover-days - Debt to Assets 2.82% Inventory Days - Tot Debt to Common Equity 36.55% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Allianz SE Price/Volume Valuation Analysis 1'034'967.00 Current Price (9/dd/yy) Market Data 0 20 40 60 80 100 120 140 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13 j-13 a-13 s-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 0.0 20'000.0 40'000.0 60'000.0 80'000.0 100'000.0 120'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 2.00 4.00 6.00 8.00 10.00 12.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 01.07.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

×