Belimo Belimo Belimo
CHF Mio 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 CHF Mio 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 CHF Mio 2019 2020
Umsatz 372 404 Umsatz 386 426 416 445 473 494 493 534 580 642 Umsatz 693 661
C.O.S. C.O.S. 187 191 202 212 223 228 244 264 291 C.O.S. 309 299
GM GM 239 225 242 261 271 265 290 316 351 GM 382 362
GMR GMR 56% 54% 54% 55% 55% 54% 54% 55% 55% GMR 55% 55%
S.G.A. S.G.A. 156 157 166 180 190 191 203 224 241 S.G.A. 260 255
S.G.A./GM S.G.A./GM 65% 70% 69% 69% 70% 72% 70% 71% 69% S.G.A./GM 68% 71%
Oper. Inc. 57 65 Oper. Inc. 62 83 68 76 81 81 74 87 92 110 Oper. Inc. 123 107
O.I.R. 15% 16% O.I.R. 16% 20% 16% 17% 17% 16% 15% 16% 16% 17% O.I.R. 18% 16%
Zinsen Zinsen 9 6 3 6 2 8 2 1 6 Zinsen 5 8
Zinsen/Op. Inc. Zinsen/Op. Inc. 10% 9% 3% 7% 2% 10% 2% 2% 5% Zinsen/Op. Inc. 4% 7%
Equity+Z.erg. Equity+Z.erg. 1 1 1 1 3 1 1 3 1 Equity+Z.erg. 0 0
EBTv.And  EBTv.And  75 63 74 76 82 67 86 94 105 EBTv.And  118 100
EBTv.And R EBTv.And R 18% 15% 17% 16% 17% 14% 16% 16% 16% EBTv.And R 17% 15%
Andere Andere 0 -1 1 0 0 1 -1 0 0 Andere 2 1,00
Andere/U Andere/U 0% 0% 0% 0% 0% 0% 0% 0% 0% Andere/U 0% 0%
EBT EBT 75 62 75 76 82 68 85 94 105 EBT 120 101
Tax Tax 14 11 14 14 15 11 15 17 19 Tax -1 14
Minority Int. Minority Int. 0 0 0 0 0 0 0 0 0 Minority Int. 0 0
N.I. 46 46 N.I. 49 61 52 61 63 67 56 70 77 86 N.I. 121 87
UR 12% 11% UR 13% 14% 12% 14% 13% 14% 11% 13% 13% 13% UR 14% 13%
N.I. +- Sondereffekt N.I. +- Sondereffekt N.I. +- Sondereffekt 100
SD SD 3 7 3 28 7 1 6 SD 5 8
G/A +- Sondereffekt G/A +- Sondereffekt G/A +- Sondereffekt 162,60 F
G/A -B- 73,00 F 76,00 F G/A -B- 81,00 F 101,10F 84,61F 100,74F 102,57F 109,52F 91,52F 113,51F 126,06F 140,22F G/A -B- 197,00F 141,02F
G/A -D- G/A -D- G/A -D-
G/A-B-EBTv.AN. G/A-B-EBTv.AN. 123,56 F 103,45 F 121,31 F 124,59 F 133,77 F 109,12 F 140,07 F 153,09 F 170,73 F G/A-B-EBTv.AN. 191,87 F 162,60 F
Jahre 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Jahre 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Netto KE Netto KE 5,17 0,98 0,88 1,60 8,74 0,07 0,42 0,85 0,79 Netto KE 0,00 -3,03
AA -B-  0,631m 0,608m AA -B-  0,606m 0,607m 0,609m 0,610m 0,610m 0,613m 0,614m 0,614m 0,615m 0,615m AA -B-  0,615m 0,615m
AA -D- AA -D- AA -D-
AA -D- +Eig.A. AA -D- +Eig.A. AA -D- +Eig.A.
BW  (dil.) 211 F 241 F BW  (dil.) 283 F 349 F 379 F 428 F 471 F 517 F 549 F 601 F 674 F 716 F BW  (dil.) 826 F 795 F
BW(dil.)+EiA BW(dil.)+EiA BW(dil.)+EiA
EKR 34% EKR 33% 35% 25% 27% 24% 23% 18% 21% 21% 21% EKR 28% 17%
CR-MA R 19% CR-MA R 20% 25% 18% 20% 18% 18% 13% 17% 17% 18% CR-MA R 23% 14%
WC/O.I.R. R WC/O.I.R. R 41% 35% 26% 28% 30% 34% WC/O.I.R. R 37% 29%
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 CHF Mio 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 CHF Mio 2019 2020
St.Equ. -MA St.Equ. -MA St.Equ. -MA
St.Equ.  137 148 St.Equ.  174 212 231 261 287 317 337 369 414 440 St.Equ.  507 489
Eq.-MA+EigeneA Eq.-MA+EigeneA Eq.-MA+EigeneA
C-MA C-MA C-MA 602 583
C-MA+EigeneA C-MA+EigeneA C-MA+EigeneA
C 240 247 C 247 286 305 344 370 425 413 452 492 531 C 602 583
WorkingCapital WorkingCapital 200 232 290 307 305 328 330 WorkingCapital 367 355
Kapitalum. Ges. Kapitalum. Ges. 1,45 1,45 1,37 1,33 1,16 1,29 1,28 1,30 Kapitalum. Ges. 1,30 1,09
Property P&E Property P&E 89 93 114 160 172 167 166 163 Property P&E 191 187
Kapitalu. P.P&E Kapitalu. P.P&E 4,72 5,00 5,06 4,34 3,08 3,09 3,47 3,86 Kapitalu. P.P&E 4,24 3,46
Lager Lager 69 66 69 78 81 80 95 98 Lager 103 105
Lagerumsch. Lagerumsch. 6,53 6,42 7,14 7,13 6,31 6,61 7,23 6,75 Lagerumsch. 7,08 6,38
Forderungen Forderungen 58 59 65 76 76 75 84 98 Forderungen 89 81
Ford.Umsch. Ford.Umsch. 7,47 7,69 8,06 7,64 6,50 7,02 7,78 7,68 Ford.Umsch. 7,08 63,86
EQ + Eigene A. EQ + Eigene A. EQ + Eigene A.
EQ 57% 60% EQ 70% 26% 76% 76% 78% 75% 82% 82% 84% 83% EQ 84% 84%
Schulden ges. 74 98 Schulden ges. 73 74 74 82 83 108 76 83 78 94 Schulden ges. 95 94
Schulden Kurz 38 60 Schulden Kurz 38 39 38 45 44 73 47 54 59 71 Schulden Kurz 78 78
Schulden Lang 36 38 Schulden Lang 35 36 36 38 39 35 29 29 19 23 Schulden Lang 17 16
SK:SL 1,07 1,55 SK:SL 1,09 1,08 1,07 1,18 1,12 2,09 1,65 1,82 3,09 3,07 SK:SL 4,59 4,95
SL:N.I. 0,77 0,83 SL:N.I. 0,71 0,57 0,69 0,61 0,61 0,51 0,50 0,42 0,24 0,26 SL:N.I. 0,13 0,18
S:N.I. 1,60 2,13 S:N.I. 1,48 1,20 1,43 1,34 1,31 1,60 1,35 1,18 1,00 1,09 S:N.I. 0,78 1,08
Vermög. Kurz 144 147 Vermög. Kurz 147 187 202 231 238 246 225 267 303 348 Vermög. Kurz 375 361
Vermög. Lang 81 87 Vermög. Lang 109 99 103 113 132 178 189 185 189 183 Vermög. Lang 227 222
WCV 69 49 WCV 74 113 128 148 156 173 148 184 224 254 WCV 280 267
Current R. 3,74 2,45 Current R. 3,82 4,82 5,27 5,16 5,44 3,38 4,73 4,98 5,11 4,89 Current R. 4,82 4,61
Im. + Good. Im. + Good. 11 18 16 13 12 12 17 15 Im. + Good. 13 18
St.Equ.-MA -I.+G. St.Equ.-MA -I.+G. 219 243 272 304 325 357 397 425 St.Equ.-MA -I.+G. 494 472
BW - I.+G. BW - I.+G. 367,57F 410,31F 455,36F 504,06F 536,48F 589,17F 656,6F 701,49F BW - I.+G. 803,25F 767,48 F
Op. CF 47 61 Op. CF 66 67 57 83 71 74 70 90 82 114 Op. CF 125 126
I.   CF I.   CF -14 -16 -22 -36 -55 -33 -15 -27 -20 I.   CF -42 -32
F.    CF F.    CF -20 -33 -30 -36 -32 -61 -40 -45 -52 F.    CF -66 -99
CASH CASH 67 75 105 104 92 68 104 114 155 CASH 173 165
Other Cash Other CASH Other CASH
Owners Earnings 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 CHF Mio 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 CHF Mio 2019 2020
Op. CF 47 61 Op. CF 66 67 57 83 71 74 70 90 82 114 Op. CF 125 126
Capital exp. 14 14 Capital exp. 14 15 16 20 37 55 34 16 25 20 Capital exp. 40 29
Free CF 34 46 Free CF 52 52 41 63 34 19 37 74 58 94 Free CF 85 97
Free CF-MA Free CF-MA Free CF-MA
FCF-R 9% 12% FCF-R 13% 12% 10% 14% 7% 4% 7% 14% 10% 15% FCF-R 12% 15%
Free CF/A -B- 53,88 75,66 F Free CF/A -B- 85,81 F 85,67 F 67,15 F 103,21 F 55,81 F 31,25 F 60,26 F 120,52 F 94,46 F 152,85 F Free CF/A -B- 138,21 F 157,72 F
Tilgung  Tilgung  5 6 6 8 5 6 5 Tilgung  7 7
Liqu.Über. Liqu.Über. 58 28 13 29 69 52 89 Liqu.Über. 78 90
Liqu.Über./A -B- Liqu.Über./A -B- 95,08 F 45,90 F 21,21 F 47,23 F 112,38 F 84,69 F 144,72 F Liqu.Über./A -B- 126,83 F 146,34 F
Capital EX:N.I. 30% 31% Capital EX:N.I. 29% 25% 32% 32% 58% 82% 60% 22% 32% 23% Capital EX:N.I. 33% 34%
Abschreibungen 12 14 Abschreibungen 13 10 11 12 12 13 17 19 20 19 Abschreibungen 24 26
Absch./GM Absch./GM 4% 5% 5% 5% 5% 6% 6% 6% 5% Absch./GM 6% 7%
R&D 23 24 R&D 24 25 28 27 31 32 35 38 44 47 R&D 51 54
R&D/GM R&D/GM 11% 12% 11% 12% 12% 13% 13% 14% 13% R&D/GM 13% 15%
Sonderdiv. Sonderdiv. Sonderdiv.
Div/A 45 F 40 F Div/A 40 F 55 F 50 F 60 F 65 F 65 F 65 F 75 F 85 F 100 F Div/A 150 F 150 F
Divisumme 28 24 Divisumme 24 33 30 37 40 40 40 46 52 61 Divisumme 92 92
DIV/Op.CF DIV/Op.CF 49% 53% 44% 56% 54% 57% 51% 63% 54% DIV/Op.CF 74% 73%
DIV/N.I. 62% 53% DIV/N.I. 49% 54% 59% 60% 63% 59% 69% 66% 67% 71% DIV/N.I. 76% 106%
Einbehaltene G. Einbehaltene G. 24 23 27 16 24 25 25 Einbehaltene G. 29 5
Retained Ear. Retained Ear. 249 274 295 315 346 390 416 Retained Ear. 483 465
Dividynamik/A Dividynamik/A 20% 8% 0% 0% 15% 13% 18% Dividynamik/A 50% 0%
Umsatzdynamik Umsatzdynamik 7% 6% 4% 0% 8% 9% 11% Umsatzdynamik 8% 5%
N.I.-dynamik N.I.-dynamik 18% 3% 6% 16% 29% 10% 12% N.I.-dynamik 41% 28%
EBTv.A.-dyn. EBTv.A.-dyn. 19% 3% 8% 18% 28% 9% 12% EBTv.A.-dyn. 12% 15%
Oper. Inc.-dyn. Oper. Inc.-dyn. 12% 7% 0% 9% 18% 6% 20% Oper. Inc.-dyn. 12% 13%
Umsatz 10J Umsatz 10J Umsatz 10J 5.195 5.431
O.I.R. 10J O.I.R. 10J O.I.R. 10J 877 899
N.I. unang. 10J N.I. unang. 10J N.I. unang. 10J 715 740
FCF 10J FCF 10J FCF 10J 557 602
Capex 10J Capex 10J Capex 10J 277 323
O.I.R. 10J D O.I.R. 10J D O.I.R. 10J D 17% 17%
UR 10J D unan. UR 10J D unan. UR 10J D unan. 14% 14%
FCF-R 10J D FCF-R 10J D FCF-R 10J D 11% 11%
Capital EX:N.I. 10J D Capital EX:N.I. 10J D Capital EX:N.I. 10J D 39% 44%
Jahre 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 CHF Mio 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 CHF Mio 2019 2020
I.W. 1.497 F 1.558 F I.W. 1.661 F 2.023 F 1.735 F 2.065 F 2.103 F 2.245 F 1.876 F 2.327 F 2.584 F 2.875 F I.W. 3.333 F 2.891 F
(Ben;aktuell) (Ben;aktuell) (Ben;aktuell)
I.W. I.W. 1.590 F 1.756 F 1.818 F 1.949 F 1.972 F 2.129 F 2.120 F 2.148 F 2.256 F 2.589 F I.W. 2.922 F 3.033 F
(Ben;3JD;KGV20,5) (Ben;3JD;KGV20,5) (Ben;3JD;KGV20,5)
I.W. 1.105 F 1.551 F I.W. 1.759 F 1.756 F 1.377 F 2.116 F 1.144 F 662 F 1.235 F 2.471 F 1.936 F 3.133 F I.W. 2.833 F 3.233 F
(Ben;FCFaktuell) (Ben;FCFaktuell) (Ben;FCFaktuell)
I.W. I.W. 1.448 F 1.689 F 1.627 F 1.748 F 1.546 F 1.293 F 1.002 F 1.447 F 1.888 F 2.511 F I.W. 2.633 F 3.067 F
(Ben;3JD;FCF20,5) (Ben;3JD;FCF20,5) (Ben;3JD;FCF20,5)
I.W. I.W. I.W.
(Buff;aktuell) (Buff;aktuell) (Buff;aktuell)
I.W. I.W. I.W.
(Buff;3JD) (Buff;3JD) (Buff;3JD)
I.W. I.W. 1.633 F 1.688 F 1.719 F 1.921 F 2.039 F 2.150 F 2.464 F 2.777 F 3.279 F I.W.
(Ben;3JD;Real) (Ben;3JD;Real) (Ben;3JD;Real)
Kennzahlen var. 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Kennzahlen var. 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Kennzahlen var. 2019 2020
Kurs 1.300 F 805 F Kurs 935 F 1.300 F 1.700 F 1.650 F 2.100 F 2.350 F 2.204 F 2.740 F 3.800 F 4.350 F Kurs 5.540 F 6.600 F
Marktwert 820 489 Marktwert 567 789 1.035 1.007 1.281 1.441 1.353 1.682 2.337 2.675 Marktwert 3.407 4.059
MOper.Inc.V MOper.Inc.V 13 16 18 18 19 25 24 MOper.Inc.V 28 38
Untern.Wert Untern.Wert 923 1.200 1.387 1.298 1.592 2.224 2.529 Untern.Wert 3.264 3.926
UWOper.Inc.V UWOper.Inc.V 12 15 17 18 18 24 23 UWOper.Inc.V 27 37
KGV 18 11 KGV 12 13 20 16 20 21 23 24 30 31 KGV 34 47
Rendite 5,62% 9,44% Rendite 8,66% 7,78% 4,98% 6,11% 4,88% 4,66% 4,15% 4,14% 3,32% 3,22% Rendite 2,94% 2,14%
MU 2,2 1,2 MU 1,5 1,9 2,5 2,3 2,7 2,9 2,7 3,1 3,3 4,2 MU 4,9 6,1
Kurs/BW V. 6,2 3,3 Kurs/BW V. 3,3 3,7 4,5 3,9 4,5 4,5 4,0 4,6 5,6 6,1 Kurs/BW V. 6,7 8,3
Dividendenre. 3,46% 4,97% Dividendenre. 4,28% 4,23% 2,94% 3,64% 3,10% 2,77% 2,95% 2,74% 2,24% 2,30% Dividendenre. 2,71% 2,27%
Durch. Didy. S.09 Durch. Didy. S.09 Durch. Didy. S.09 11%
Durch. U.Dy.S.09 Durch. U.Dy.S.09 Durch. U.Dy.S.09 5%
Dr. FCF-dy. S.09 Dr. FCF-dy. S.09 Dr. FCF-dy. S.09 7%
Durch.G.D.S.09 Durch.G.D.S.09 Durch.G.D.S.09 6%
D.EBTv.A. S.12 D.EBTv.A. S.12 D.EBTv.A. S.12 5%
D. O.Inc.    S.09 D. O.Inc.    S.09 D. O.Inc.    S.09 6%
Roll. Dr.Didy. 10J Roll. Dr.Didy. 10J Roll. Dr.Didy. 10J 12%
Roll. Dr.Udy. 10J Roll. Dr.Udy. 10J Roll. Dr.Udy. 10J 5%
Roll. dFCF d. 10J Roll. dFCF d. 10J Roll. dFCF d. 10J 6%
Roll. Dr.Gdy.10J Roll. Dr.Gdy.10J Roll. Dr.Gdy.10J 6%
Roll.EBT.va 10J Roll.EBT.va 10J Roll.EBT.va 10J
Roll.O.Inc.    10J Roll.O.Inc.    10J Roll.O.Inc.    10J 5%
Roll. Dr. Didy 5J Roll. Dr. Didy 5J Roll. Dr. Didy 5J 15%
Roll. Dr.Udy. 5J Roll. Dr.Udy. 5J Roll. Dr.Udy. 5J 6%
Roll. dFCF d. 5J Roll. dFCF d. 5J Roll. dFCF d. 5J 25%
Roll. Dr.Gdy. 5J Roll. Dr.Gdy. 5J Roll. Dr.Gdy. 5J 8%
Roll. EBT.va 5J Roll. EBT.va 5J Roll. EBT.va 5J 7%
Roll.O.Inc.    5J Roll.O.Inc.    5J Roll.O.Inc.    5J 8%