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 371,82 403,76 Umsatz 385,89 426,40 415,98 444,62 472,86 493,92 493,30 533,65 579,80 642,30 Umsatz 692,60 661,23
C.O.S. C.O.S. 187,24 190,74 202,38 211,56 223,15 227,84 244,12 263,57 291,29 C.O.S. 309,25 299,14
GM GM 239,16 225,24 242,24 261,30 270,77 265,46 289,53 316,23 351,01 GM 382,35 362,09
GMR GMR 56% 54% 54% 55% 55% 54% 54% 55% 55% GMR 55% 55%
S.G.A. S.G.A. 155,95 157,45 165,94 179,97 189,53 190,83 202,57 223,67 241,24 S.G.A. 259,57 255,30
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. 57,48 64,54 Oper. Inc. 61,88 83,21 67,79 76,30 81,33 81,24 74,63 86,96 92,62 109,84 Oper. Inc. 122,78 106,79
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 8,53 6,27 2,67 5,86 2,03 7,66 2,15 1,43 5,57 Zinsen 4,57 7,53
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. 0,80 0,93 1,33 0,93 2,53 0,54 0,54 3,24 0,64 Equity+Z.erg. 0,48 0,25
EBTv.And  EBTv.And  75,48 62,45 74,96 76,40 81,74 67,51 85,35 94,43 104,91 EBTv.And  118,69 99,51
EBTv.And R EBTv.And R 18% 15% 17% 16% 17% 14% 16% 16% 16% EBTv.And R 17% 15%
Andere Andere Andere
Andere/U Andere/U Andere/U
EBT EBT 75,49 62,45 74,96 76,38 81,74 67,51 85,35 94,43 104,91 EBT 119,78 100,79
Tax Tax 14,15 10,89 13,54 13,77 14,56 11,28 15,60 16,94 18,70 Tax 1,32 14,15
Minority Int. Minority Int. Minority Int. 0,07
N.I. 46,09 46,15 N.I. 49,27 61,34 51,56 61,43 62,61 67,19 56,23 69,75 77,49 86,21 N.I. 121,10 86,71
UR 12% 11% UR 13% 14% 12% 14% 13% 14% 11% 13% 13% 13% UR 17% 13%
N.I. +- Sondereffekt N.I. +- Sondereffekt N.I. +- Sondereffekt
SD SD SD
G/A +- Sondereffekt G/A +- Sondereffekt G/A +- Sondereffekt
G/A -B- G/A -B- G/A -B-
G/A -D- G/A -D- 101,10F 84,61F 100,74F 102,57F 109,52F 91,52F 113,51F 126,06F 140,22F G/A -D- 197,00F 141,02F
G/A-B-EBTv.AN. G/A-B-EBTv.AN. G/A-B-EBTv.AN.
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 -3,03
AA -B-  AA -B-  AA -B- 
AA -D- AA -D- 0,607m 0,609m 0,610m 0,610m 0,613m 0,614m 0,614m 0,614m 0,614m AA -D- 0,614m
AA -D- +Eig.A. AA -D- +Eig.A. AA -D- +Eig.A.
BW  (dil.) BW  (dil.) 122,25F 378,91F 428,44F 471,24F 516,99F 548,79F 600,92F 673,69F 716,38F BW  (dil.) 826,28F
BW(dil.)+EiA BW(dil.)+EiA BW(dil.)+EiA
EKR 34% EKR 33% 35% 70% 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 WC/O.I.R. R
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 507,29 489,24
St.Equ.  137,10 148,42 St.Equ.  173,98 74,21 230,76 261,35 287,46 316,92 336,96 368,97 413,65 439,86 St.Equ.  507,34 489,26
Eq.-MA+EigeneA Eq.-MA+EigeneA Eq.-MA+EigeneA
C-MA C-MA C-MA 601,94 583,44
C-MA+EigeneA C-MA+EigeneA C-MA+EigeneA
C 240,22 246,82 C 247,37 286,20 304,92 343,70 369,99 424,51 413,04 451,87 491,89 531,05 C 602,00 583,46
WorkingCapital WorkingCapital WorkingCapital
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 88,88 93,27 113,74 159,70 172,40 166,93 166,03 163,12 Property P&E 190,92 186,67
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 69,20 66,21 69,21 78,08 80,68 80,18 95,13 97,70 Lager 103,48 105,46
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 57,75 58,62 64,58 75,79 76,01 74,50 83,59 97,70 Forderungen 88,64 81,27
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. 74,16 98,40 Schulden ges. 73,39 74,21 74,17 82,35 82,53 107,60 76,09 82,90 78,24 94,23 Schulden ges. 94,66 94,20
Schulden Kurz 38,36 59,93 Schulden Kurz 38,39 38,69 38,36 44,59 43,76 72,83 47,47 53,54 59,14 71,09 Schulden Kurz 77,75 78,36
Schulden Lang 35,80 38,47 Schulden Lang 35,00 35,52 35,80 37,77 38,77 34,77 28,62 29,37 19,10 23,14 Schulden Lang 16,91 15,83
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 143,61 147,40 Vermög. Kurz 146,94 186,72 202,36 230,51 238,30 246,24 224,54 267,01 302,50 348,28 Vermög. Kurz 374,90 361,32
Vermög. Lang 81,24 87,47 Vermög. Lang 108,56 99,48 102,56 113,19 131,69 178,28 188,50 184,86 189,38 183,19 Vermög. Lang 227,11 222,14
WCV 69,45 49,00 WCV 73,55 112,51 128,19 148,16 155,77 173,41 148,45 184,11 224,26 254,05 WCV 280,24 267,12
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. Im. + Good.
St.Equ.-MA -I.+G. St.Equ.-MA -I.+G. St.Equ.-MA -I.+G.
BW - I.+G. BW - I.+G. BW - I.+G.
Op. CF 47,25 60,63 Op. CF 66,00 66,73 57,36 82,82 70,57 74,08 70,37 90,28 82,32 113,94 Op. CF 125,40 125,67
I.   CF I.   CF -13,93 -16,05 -22,31 -35,65 -55,34 -33,33 -15,13 -27,46 -19,68 I.   CF -41,55 -32,39
F.    CF F.    CF -19,85 -33,19 -30,30 -35,67 -31,90 -60,57 -39,56 -45,30 -51,53 F.    CF -65,86 -98,61
CASH CASH 67,34 75,33 105,37 104,48 92,35 67,69 103,67 113,78 155,14 CASH 172,56 164,94
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 47,25 60,63 Op. CF 66,00 66,73 57,36 82,82 70,57 74,08 70,37 90,28 82,32 113,94 Op. CF 125,40 125,67
Capital exp. 13,73 14,18 Capital exp. 14,11 15,13 16,46 19,86 36,52 54,92 33,77 15,54 24,60 20,18 Capital exp. 40,39 29,75
Free CF 33,52 46,45 Free CF 51,89 51,60 40,90 62,96 34,05 19,16 36,60 74,74 57,72 93,76 Free CF 85,01 95,92
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- Free CF/A -B- Free CF/A -B-
Tilgung  Tilgung  Tilgung 
Liqu.Über. Liqu.Über. Liqu.Über.
Liqu.Über./A -B- Liqu.Über./A -B- Liqu.Über./A -B-
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 14,05 Abschreibungen 13,05 10,41 10,90 11,79 12,27 13,46 16,60 18,53 19,53 19,15 Abschreibungen 24,26 25,54
Absch./GM Absch./GM 4% 5% 5% 5% 5% 6% 6% 6% 5% Absch./GM 6% 7%
R&D 22,51 23,50 R&D 24,03 25,22 27,56 27,34 30,57 32,42 34,65 37,72 44,42 47,25 R&D 50,68 53,77
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 Div/A Div/A
Divisumme Divisumme Divisumme
DIV/Op.CF DIV/Op.CF DIV/Op.CF
DIV/N.I. DIV/N.I. DIV/N.I.
Einbehaltene G. Einbehaltene G. Einbehaltene G.
Retained Ear. Retained Ear. Retained Ear.
Dividynamik/A Dividynamik/A Dividynamik/A
Umsatzdynamik Umsatzdynamik Umsatzdynamik
N.I.-dynamik N.I.-dynamik N.I.-dynamik
EBTv.A.-dyn. EBTv.A.-dyn. EBTv.A.-dyn.
Oper. Inc.-dyn. Oper. Inc.-dyn. Oper. Inc.-dyn.
Umsatz 10J Umsatz 10J Umsatz 10J 5195,43
O.I.R. 10J O.I.R. 10J O.I.R. 10J 876,70
N.I. unang. 10J N.I. unang. 10J N.I. unang. 10J 714,91
FCF 10J FCF 10J FCF 10J 556,50
Capex 10J Capex 10J Capex 10J 277,37
O.I.R. 10J D O.I.R. 10J D O.I.R. 10J D 17%
UR 10J D unan. UR 10J D unan. UR 10J D unan. 14%
FCF-R 10J D FCF-R 10J D FCF-R 10J D 11%
Capital EX:N.I. 10J D Capital EX:N.I. 10J D Capital EX:N.I. 10J D 39%
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. I.W. I.W.
(Ben;aktuell) (Ben;aktuell) (Ben;aktuell)
I.W. I.W. I.W.
(Ben;3JD;KGV21) (Ben;3JD;KGV21) (Ben;3JD;KGV21)
I.W. I.W. I.W.
(Ben;FCFaktuell) (Ben;FCFaktuell) (Ben;FCFaktuell)
I.W. I.W. I.W.
(Ben;3JD;FCF21) (Ben;3JD;FCF21) (Ben;3JD;FCF21)
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. I.W.
(Ben;3JD;Real) (Ben;3JD;Real) (Ben;3JD;Real)
Kennzahlen var. 1999 Kennzahlen var. Kennzahlen var.
Kurs Kurs Kurs
Marktwert Marktwert Marktwert
MOper.Inc.V MOper.Inc.V MOper.Inc.V
Untern.Wert Untern.Wert Untern.Wert
UWOper.Inc.V UWOper.Inc.V UWOper.Inc.V
KGV KGV KGV
Rendite Rendite Rendite
MU MU MU
Kurs/BW V. Kurs/BW V. Kurs/BW V.
Dividendenre. Dividendenre. Dividendenre.
Durch. Didy. S.87 Durch. Didy. S.87 Durch. Didy. S.87
Durch. U.Dy.S.87 Durch. U.Dy.S.87 Durch. U.Dy.S.87
Dr. FCF-dy. S.95 Dr. FCF-dy. S.95 Dr. FCF-dy. S.95
Durch.G.D.S.87 Durch.G.D.S.87 Durch.G.D.S.87
D.EBTv.A. S.92 D.EBTv.A. S.92 D.EBTv.A. S.92
D. O.Inc.    S.92 D. O.Inc.    S.92 D. O.Inc.    S.92
Roll. Dr.Didy. 10J Roll. Dr.Didy. 10J Roll. Dr.Didy. 10J
Roll. Dr.Udy. 10J Roll. Dr.Udy. 10J Roll. Dr.Udy. 10J
Roll. dFCF d. 10J Roll. dFCF d. 10J Roll. dFCF d. 10J
Roll. Dr.Gdy.10J Roll. Dr.Gdy.10J Roll. Dr.Gdy.10J
Roll.EBT.va 10J Roll.EBT.va 10J Roll.EBT.va 10J
Roll.O.Inc.    10J Roll.O.Inc.    10J Roll.O.Inc.    10J
Roll. Dr. Didy 5J Roll. Dr. Didy 5J Roll. Dr. Didy 5J
Roll. Dr.Udy. 5J Roll. Dr.Udy. 5J Roll. Dr.Udy. 5J
Roll. dFCF d. 5J Roll. dFCF d. 5J Roll. dFCF d. 5J
Roll. Dr.Gdy. 5J Roll. Dr.Gdy. 5J Roll. Dr.Gdy. 5J
Roll. EBT.va 5J Roll. EBT.va 5J Roll. EBT.va 5J
Roll.O.Inc.    5J Roll.O.Inc.    5J Roll.O.Inc.    5J