Calculation of key ratios

 
 

Profitability

Return on equity (%) =
(Profit from continuing operations before tax - direct taxes) / Shareholders' equity (average)

Return on capital employed (%) =
((Profit from continuing operations before tax + interest expenses, net exchange gains) /losses and other financial expenses) / (Total equity + interest-bearing borrowings (average))

Financial position

Equity ratio (%) =
Shareholders' equity / (Total assets - advance payments received)

Gearing ratio (%) =
Interest-bearing borrowings / Shareholders' equity

Net gearing ratio (%) =
(Interest-bearing borrowings - liquid funds - interest-bearing receivables) / Shareholders' equity

 

Share performance indicators

Earnings per share =
Profit attributable to shareholders of parent company / Adjusted number of shares (average)

Shareholders' equity per share =
Equity attributable to shareholders of parent company / Adjusted number of shares at 31 December

Dividend per share =
Dividends / Adjusted number of shares at 31 December

Dividend per profit (%) =
Dividend per share / Earnings per share

Dividend yield (%) =
Dividend per share / Share price at 31 December

Price/earnings ratio (P/E ratio) (%) =
Adjusted share price at 31 December / Earnings per share

P/BV (%) =
Adjusted share price at 31 December / Shareholders' equity per share

Adjusted average share price =
Total traded volume per share (EUR) / Average adjusted number of shares traded during the financial year

Market capitalisation =
Number of shares x market price at 31 December

 

Other key figures

Internal financing of capital expenditure (%) =
Net cash flow arising from operating activities / Gross capital expenditure

Interest cover =
(Net cash flow arising from operating activities + net interest expenses) /
Net interest expenses

Net cash flow arising from operating activities =
Net cash flow arising from operating activities in the cash flow statement

               
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