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Heidelberger Druckmaschinen AG
OTC:HBGRF

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Heidelberger Druckmaschinen AG Logo
Heidelberger Druckmaschinen AG
OTC:HBGRF
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Price: 2.31 USD Market Closed
Market Cap: $703m
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
-
5Y
-
10Y
+306%
Investing Cash Flow
+
3Y
-
5Y
-
10Y
-41%
Financing Cash Flow
+
3Y
+2%
5Y
+72%
10Y
-

Cash Flow Statement
Heidelberger Druckmaschinen AG

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Cash Flow Statement
Currency: EUR
Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Dec-2016 Jun-2017 Dec-2017 Jun-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
212
214
35
(138)
(226)
(281)
(781)
(695)
(681)
(625)
12
61
121
149
142
135
140
171
250
263
266
240
170
142
94
2
(65)
(249)
(278)
(301)
(288)
(229)
(212)
(169)
(148)
(129)
(123)
(107)
(130)
(230)
(260)
(272)
(245)
(110)
(72)
(49)
(56)
4
8
9
(52)
(72)
(43)
(44)
16
28
25
(16)
0
1
8
21
5
19
13
(343)
(307)
(335)
(330)
(43)
(62)
(22)
(6)
33
52
64
47
91
96
80
71
39
(13)
(29)
(37)
5
36
40
Depreciation & Amortization
238
286
205
216
216
212
356
334
321
305
133
116
115
120
126
139
139
141
139
131
129
125
123
124
125
126
129
111
108
101
94
112
111
110
109
102
100
101
99
91
91
85
84
85
81
81
78
71
70
69
68
73
74
74
74
85
84
17
(3)
1
2
80
86
109
98
167
164
159
156
79
78
79
77
80
79
79
81
75
75
75
74
79
79
78
78
77
77
77
Change in Deffered Taxes
(75)
(103)
(48)
(62)
(33)
8
168
181
115
93
(3)
33
44
71
72
80
81
82
87
91
88
77
63
37
23
(13)
(35)
(113)
(126)
(132)
(128)
(88)
(61)
(44)
(37)
(17)
(12)
3
(5)
(4)
(13)
(11)
(20)
(21)
(9)
(9)
(2)
(25)
(26)
(27)
(32)
(29)
(32)
(31)
(22)
(18)
(17)
(2)
25
0
(27)
(3)
(1)
1
4
0
0
3
2
4
3
(1)
(5)
(14)
(14)
(18)
(12)
3
2
8
7
10
14
9
8
(4)
(5)
(4)
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
0
0
0
1
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Non-Cash Items
15
10
159
95
83
72
138
84
279
230
42
22
(115)
(39)
(58)
(30)
(13)
(51)
(33)
(87)
3
12
15
(12)
13
77
50
14
120
69
65
26
(84)
(93)
(65)
4
(44)
(22)
(31)
14
141
140
152
6
4
2
2
21
21
25
23
(91)
(95)
(105)
(108)
4
12
2
(3)
0
(2)
7
8
10
9
0
(79)
(81)
(87)
(84)
(20)
(24)
(51)
(54)
(57)
(55)
(36)
(50)
(36)
(35)
(24)
(12)
(12)
(11)
(13)
(14)
(14)
(14)
Cash Taxes Paid
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
22
0
0
0
35
0
0
0
2
0
0
0
42
0
0
0
12
0
0
0
12
0
0
0
26
0
0
0
31
0
0
0
28
0
0
0
15
0
0
0
0
0
15
0
0
0
25
0
0
0
19
0
0
0
24
0
0
0
24
0
0
0
30
0
0
0
35
0
0
Cash Interest Paid
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
27
0
0
0
29
0
0
0
37
0
0
0
118
0
0
0
86
0
0
0
41
0
0
0
44
0
0
0
52
0
0
0
48
0
0
0
63
0
0
0
0
0
33
0
0
0
32
0
0
0
25
0
0
0
13
0
0
0
7
0
0
0
10
0
0
0
10
0
0
Change in Working Capital
(303)
(157)
(44)
311
224
243
363
381
361
344
312
28
114
124
61
61
48
66
(34)
(73)
(121)
(104)
(6)
127
44
11
68
234
300
429
388
138
295
222
197
140
114
66
82
186
(9)
26
23
75
146
145
85
(10)
(79)
(91)
42
141
158
148
57
(57)
(12)
7
(33)
(41)
(75)
(115)
(143)
(180)
(131)
122
167
162
176
44
63
84
88
6
(29)
(80)
(124)
(86)
(99)
(66)
(61)
(26)
(59)
(29)
27
49
62
71
Cash from Operating Activities
87
N/A
250
+185%
307
+23%
422
+37%
264
-37%
256
-3%
243
-5%
286
+17%
256
-10%
208
-19%
357
+71%
260
-27%
280
+7%
426
+52%
342
-20%
385
+12%
396
+3%
409
+3%
409
+0%
325
-21%
365
+12%
349
-4%
365
+5%
417
+14%
299
-28%
203
-32%
147
-28%
(3)
N/A
123
N/A
167
+35%
131
-22%
(41)
N/A
48
N/A
27
-45%
55
+107%
99
+80%
35
-65%
41
+17%
15
-63%
56
+271%
(51)
N/A
(32)
+38%
(6)
+80%
36
N/A
149
+320%
170
+14%
107
-37%
60
-44%
(6)
N/A
(15)
-153%
49
N/A
22
-56%
64
+193%
42
-34%
18
-58%
43
+139%
93
+117%
8
-91%
(14)
N/A
(39)
-179%
(94)
-141%
(10)
+89%
(45)
-338%
(40)
+11%
(7)
+82%
(54)
-634%
(55)
-2%
(92)
-68%
(83)
+10%
0
N/A
62
+21 379%
117
+88%
103
-12%
51
-50%
31
-39%
(10)
N/A
(44)
-338%
33
N/A
38
+15%
62
+63%
67
+8%
90
+34%
9
-90%
18
+100%
63
+250%
113
+79%
156
+38%
170
+9%
Investing Cash Flow
Capital Expenditures
(296)
(254)
(246)
(243)
(237)
(221)
(197)
(164)
(157)
(157)
(158)
(162)
(160)
(160)
(168)
(170)
(170)
(170)
(173)
(179)
(202)
(208)
(212)
(217)
(208)
(212)
(210)
(198)
(164)
(133)
(95)
(59)
(58)
(58)
(65)
(73)
(79)
(79)
(73)
(66)
(64)
(77)
(79)
(80)
(79)
(69)
(64)
(62)
(61)
(56)
(59)
(58)
(58)
(55)
(59)
(62)
(92)
(24)
(5)
(1)
(16)
(125)
(116)
(139)
(99)
(96)
(91)
(82)
(74)
(60)
(61)
(60)
(60)
(55)
(52)
(54)
(54)
(78)
(80)
(78)
(76)
(65)
(64)
(68)
(77)
(88)
(89)
(88)
Other Items
(102)
(102)
(87)
40
67
84
99
(9)
4
25
46
53
45
38
22
(88)
(87)
(77)
(68)
83
80
71
61
15
(4)
(4)
5
0
22
20
25
37
39
55
54
49
51
27
19
20
20
22
32
29
26
26
17
23
23
35
26
19
10
(3)
4
(12)
(6)
3
10
9
10
43
30
32
60
374
390
439
430
100
130
117
90
92
80
65
100
117
88
73
44
31
35
33
27
26
19
6
Cash from Investing Activities
(398)
N/A
(356)
+11%
(334)
+6%
(203)
+39%
(170)
+16%
(137)
+19%
(97)
+29%
(174)
-79%
(154)
+11%
(132)
+14%
(112)
+15%
(109)
+2%
(115)
-5%
(123)
-6%
(146)
-19%
(257)
-77%
(257)
+0%
(247)
+4%
(241)
+3%
(95)
+60%
(122)
-28%
(137)
-12%
(150)
-10%
(202)
-34%
(212)
-5%
(216)
-2%
(205)
+5%
(198)
+4%
(143)
+28%
(113)
+21%
(70)
+38%
(22)
+69%
(20)
+10%
(3)
+85%
(12)
-300%
(25)
-111%
(28)
-16%
(53)
-86%
(54)
-3%
(46)
+15%
(44)
+5%
(55)
-25%
(47)
+15%
(51)
-8%
(53)
-4%
(42)
+20%
(47)
-11%
(38)
+19%
(39)
-1%
(22)
+44%
(33)
-51%
(39)
-20%
(49)
-24%
(58)
-19%
(55)
+5%
(74)
-34%
(98)
-33%
(21)
+79%
5
N/A
8
+60%
(6)
N/A
(82)
-1 264%
(86)
-5%
(107)
-25%
(39)
+64%
279
N/A
300
+8%
357
+19%
357
0%
40
-89%
69
+73%
57
-18%
30
-48%
36
+22%
27
-25%
11
-60%
45
+316%
39
-14%
8
-79%
(5)
N/A
(32)
-540%
(34)
-6%
(29)
+15%
(35)
-21%
(50)
-43%
(62)
-24%
(70)
-13%
(82)
-17%
Financing Cash Flow
Net Issuance of Common Stock
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(31)
(97)
(143)
(149)
(145)
(130)
(102)
(136)
(108)
(57)
(40)
1
0
0
0
0
0
0
0
401
398
398
0
(3)
(1)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
68
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Issuance of Debt
455
202
111
(111)
(26)
(150)
(150)
(70)
(71)
(66)
(239)
(136)
(139)
(256)
(131)
(60)
(1)
34
22
(44)
(92)
(5)
40
(15)
45
89
42
205
94
(43)
(20)
97
(3)
(399)
(418)
(448)
(357)
41
51
29
39
42
27
(25)
(78)
(48)
17
62
87
40
(13)
46
(19)
9
14
(31)
(69)
(3)
62
49
51
34
78
112
133
(66)
(93)
(330)
(307)
(208)
(262)
(73)
(122)
(152)
(99)
(93)
(98)
(60)
(64)
(44)
4
(53)
67
17
(23)
(31)
(121)
(91)
Cash Paid for Dividends
(155)
(122)
(122)
(122)
(122)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(0)
(24)
(24)
(26)
(26)
(53)
(53)
(53)
(53)
(75)
(75)
(75)
(75)
(74)
(74)
(74)
(74)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
0
Cash from Financing Activities
300
N/A
80
-73%
(11)
N/A
(233)
-2 022%
(148)
+37%
(151)
-2%
(151)
0%
(72)
+53%
(73)
-1%
(68)
+6%
(241)
-255%
(137)
+43%
(139)
-1%
(280)
-101%
(186)
+34%
(182)
+2%
(170)
+7%
(168)
+1%
(177)
-5%
(228)
-29%
(247)
-8%
(215)
+13%
(143)
+34%
(146)
-3%
(70)
+52%
16
N/A
(32)
N/A
131
N/A
20
-85%
(43)
N/A
(20)
+53%
97
N/A
(3)
N/A
2
N/A
(19)
N/A
(50)
-159%
41
N/A
37
-8%
50
+35%
29
-42%
39
+33%
42
+7%
27
-36%
(25)
N/A
(78)
-215%
(48)
+39%
17
N/A
62
+256%
87
+41%
40
-54%
(13)
N/A
46
N/A
(19)
N/A
9
N/A
14
+57%
(31)
N/A
(69)
-122%
(3)
+96%
62
N/A
49
-21%
51
+4%
103
+102%
78
-24%
112
+44%
133
+19%
(66)
N/A
(93)
-41%
(330)
-257%
(307)
+7%
(208)
+32%
(262)
-26%
(73)
+72%
(121)
-66%
(152)
-26%
(100)
+34%
(93)
+7%
(99)
-7%
(60)
+40%
(63)
-5%
(44)
+30%
4
N/A
(53)
N/A
67
N/A
17
-75%
(23)
N/A
(31)
-35%
(122)
-294%
(91)
+25%
Change in Cash
Effect of Foreign Exchange Rates
(10)
2
(1)
8
16
6
4
(3)
(5)
(7)
(3)
(2)
3
2
5
3
(2)
(1)
(3)
(2)
(1)
(2)
(2)
(5)
(5)
(1)
(1)
5
5
1
4
6
15
9
14
2
(5)
4
2
8
9
6
1
3
(4)
(7)
(7)
(8)
(3)
7
10
25
20
7
8
(8)
1
(4)
(8)
4
6
3
1
3
2
(2)
(1)
(4)
(4)
(0)
1
3
7
6
7
7
0
(4)
(7)
(7)
(4)
(3)
(2)
(3)
(1)
(2)
(7)
(7)
Net Change in Cash
(20)
N/A
(24)
-21%
(39)
-63%
(7)
+82%
(38)
-447%
(27)
+31%
(1)
+97%
37
N/A
24
-35%
2
-90%
1
-65%
11
+1 325%
28
+143%
25
-9%
16
-37%
(52)
N/A
(32)
+38%
(7)
+79%
(11)
-63%
(0)
+96%
(5)
-1 150%
(5)
-4%
71
N/A
65
-8%
13
-80%
2
-84%
(91)
N/A
(64)
+30%
6
N/A
12
+118%
44
+268%
41
-8%
41
+1%
35
-15%
38
+9%
27
-28%
42
+54%
29
-30%
14
-53%
47
+240%
(47)
N/A
(39)
+18%
(26)
+34%
(37)
-44%
14
N/A
74
+415%
71
-4%
75
+7%
40
-47%
11
-72%
14
+23%
53
+289%
16
-70%
0
N/A
(16)
N/A
(70)
-341%
(74)
-5%
(20)
+73%
45
N/A
22
-51%
(43)
N/A
13
N/A
(53)
N/A
(33)
+37%
88
N/A
158
+78%
152
-4%
(69)
N/A
(36)
+48%
(168)
-364%
(130)
+23%
104
N/A
19
-82%
(59)
N/A
(35)
+41%
(86)
-147%
(98)
-14%
8
N/A
(24)
N/A
6
N/A
35
+483%
0
N/A
45
N/A
(3)
N/A
(11)
-267%
18
N/A
(43)
N/A
(10)
+77%
Free Cash Flow
Free Cash Flow
(208)
N/A
(5)
+98%
61
N/A
179
+195%
27
-85%
35
+26%
47
+35%
121
+159%
99
-19%
52
-48%
199
+287%
98
-51%
119
+22%
265
+122%
175
-34%
215
+23%
226
+5%
239
+6%
236
-1%
146
-38%
163
+11%
141
-14%
154
+9%
201
+31%
91
-55%
(9)
N/A
(63)
-589%
(201)
-220%
(41)
+80%
34
N/A
36
+6%
(99)
N/A
(10)
+90%
(31)
-205%
(10)
+68%
26
N/A
(44)
N/A
(39)
+13%
(58)
-50%
(10)
+83%
(115)
-1 062%
(109)
+6%
(85)
+21%
(45)
+47%
70
N/A
101
+45%
44
-57%
(2)
N/A
(67)
-4 360%
(71)
-7%
(10)
+86%
(37)
-271%
5
N/A
(13)
N/A
(42)
-210%
(19)
+53%
0
N/A
(16)
N/A
(19)
-19%
(40)
-111%
(110)
-175%
(135)
-23%
(161)
-19%
(180)
-11%
(106)
+41%
(149)
-41%
(145)
+3%
(174)
-20%
(156)
+10%
(60)
+62%
1
N/A
57
+3 708%
43
-23%
(4)
N/A
(21)
-405%
(64)
-204%
(98)
-52%
(45)
+54%
(42)
+7%
(16)
+62%
(9)
+44%
25
N/A
(55)
N/A
(50)
+9%
(14)
+72%
25
N/A
67
+168%
82
+22%

See Also

Summary
HBGRF intrinsic value, competitors valuation, and company profile.
DCF Valuation
HBGRF stock valuation using Discount Cash Flow valuation method.
Relative Valuation
HBGRF stock valuation using valuation multiples.
Wall Street Estimates
HBGRF price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
HBGRF stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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