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Covestro (COVTY)

(Delayed Data from OTC)

$31.41 USD

31.41
17,355

-0.20 (-0.63%)

Updated Nov 1, 2024 02:15 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.10%
2Buy17.80%
3Hold9.50%
4Sell2.70%
5Strong Sell2.70%
S&P50011.20%

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4-Sell of 5       4  

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value C Growth F Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 16% (210 out of 250)

Industry: Chemical - Plastic

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Balance Sheet

Research for COVTY

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Covestro AG Sponsored ADR falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 1,013 1,328 1,351 2,911 868
Receivables 2,701 2,715 3,437 2,219 2,267
Notes Receivable 0 0 0 0 0
Inventories 2,661 2,965 3,448 1,900 2,146
Other Current Assets 0 19 0 41 13
Total Current Assets 6,376 7,026 8,236 7,071 5,294
Net Property & Equipment 6,272 6,112 7,136 5,911 5,920
Investments & Advances 315 346 261 234 251
Other Non-Current Assets 123 116 90 74 58
Deferred Charges 342 363 968 1,057 953
Intangibles 1,331 1,403 1,731 416 423
Deposits & Other Assets 0 0 0 0 0
Total Assets 14,759 15,367 18,422 14,763 12,900
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 2,051 2,124 2,619 1,418 1,688
Current Portion Long-Term Debt 860 338 227 711 169
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 52 157 283 85 77
Other Current Liabilities 606 600 1,137 488 457
Total Current Liabilities 3,569 3,219 4,266 2,700 2,391
Mortgages 0 0 0 0 0
Deferred Taxes/Income 277 329 355 204 231
Convertible Debt 0 0 0 0 0
Long-Term Debt 2,966 3,549 2,779 2,601 1,793
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 785 767 1,839 2,810 2,601
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 7,597 7,863 9,239 8,316 7,016
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 205 200 228 220 205
Capital Surplus 4,048 3,991 4,646 4,484 3,905
Retained Earnings 2,480 2,613 3,552 0 0
Other Equity 431 700 757 1,743 1,774
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 7,163 7,504 9,183 6,447 5,884
Total Liabilities & Shareholder's Equity 14,759 15,367 18,422 14,763 12,900
Total Common Equity 7,163 7,504 9,183 6,447 5,884
Shares Outstanding 378.00 NA 386.40 386.40 365.40
Book Value Per Share 18.95 -0.08 23.77 16.69 16.10

Fiscal Year End for Covestro AG Sponsored ADR falls in the month of December.

All items in Millions except Per Share data.

9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023
Assets          
Cash & Equivalents -99,999 892 809 1,013 1,297
Receivables NA 2,849 2,785 2,701 2,934
Notes Receivable NA 0 0 0 0
Inventories NA 2,933 2,877 2,661 2,823
Other Current Assets NA 0 10 0 0
Total Current Assets NA 6,675 6,481 6,376 7,055
Net Property & Equipment NA 6,200 6,283 6,272 6,216
Investments & Advances NA 368 321 315 310
Other Non-Current Assets NA 218 162 123 210
Deferred Charges NA 285 338 342 352
Intangibles NA 1,300 1,321 1,331 1,365
Deposits & Other Assets NA 0 0 0 0
Total Assets NA 15,045 14,906 14,759 15,508
Liabilities & Shareholders Equity 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 2,109 2,108 2,051 1,898
Current Portion Long-Term Debt NA 1,191 858 860 1,014
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 57 68 52 133
Other Current Liabilities NA 556 597 606 863
Total Current Liabilities NA 3,912 3,632 3,569 3,908
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 313 275 277 243
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 2,953 2,989 2,966 3,001
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 796 785 655
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 7,858 7,691 7,597 7,807
Shareholders Equity 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 204 205 205 206
Capital Surplus NA 4,028 4,061 4,048 4,071
Retained Earnings NA 2,485 2,497 2,480 2,881
Other Equity NA 471 452 431 543
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 7,187 7,214 7,163 7,700
Total Liabilities & Shareholder's Equity NA 15,045 14,906 14,759 15,508
Total Common Equity 0 7,187 7,214 7,163 7,700
Shares Outstanding 378.00 378.00 378.00 378.00 NA
Book Value Per Share 0.00 19.01 19.09 18.95 -0.08