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Covestro (COVTY)

(Delayed Data from OTC)

$30.06 USD

30.06
4,309

+0.28 (0.94%)

Updated Jul 22, 2024 03:51 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 Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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3-Hold of 5     3    

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.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

B Value B Growth F Momentum C 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 17% (207 out of 250)

Industry: Chemical - Plastic

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Better trading starts here.

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.

Learn more about Zacks Equity Research 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 -99,999 1,328 1,351 2,911 868
Receivables NA 2,715 3,437 2,219 2,267
Notes Receivable NA 0 0 0 0
Inventories NA 2,965 3,448 1,900 2,146
Other Current Assets NA 19 0 41 13
Total Current Assets NA 7,026 8,236 7,071 5,294
Net Property & Equipment NA 6,112 7,136 5,911 5,920
Investments & Advances NA 346 261 234 251
Other Non-Current Assets NA 116 90 74 58
Deferred Charges NA 363 968 1,057 953
Intangibles NA 1,403 1,731 416 423
Deposits & Other Assets NA 0 0 0 0
Total Assets NA 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 NA 0 0 0 0
Accounts Payable NA 2,124 2,619 1,418 1,688
Current Portion Long-Term Debt NA 338 227 711 169
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 157 283 85 77
Other Current Liabilities NA 600 1,137 488 457
Total Current Liabilities NA 3,219 4,266 2,700 2,391
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 329 355 204 231
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 3,549 2,779 2,601 1,793
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 767 1,839 2,810 2,601
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 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 NA 0 0 0 0
Common Stock (Par) NA 200 228 220 205
Capital Surplus NA 3,991 4,646 4,484 3,905
Retained Earnings NA 2,613 3,552 0 0
Other Equity NA 700 757 1,743 1,774
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 7,504 9,183 6,447 5,884
Total Liabilities & Shareholder's Equity NA 15,367 18,422 14,763 12,900
Total Common Equity 0 7,504 9,183 6,447 5,884
Shares Outstanding 378.00 NA 386.40 386.40 365.40
Book Value Per Share 0.00 -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.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents -99,999 -99,999 -99,999 1,297 1,146
Receivables NA NA NA 2,934 2,957
Notes Receivable NA NA NA 0 0
Inventories NA NA NA 2,823 3,122
Other Current Assets NA NA NA 0 0
Total Current Assets NA NA NA 7,055 7,225
Net Property & Equipment NA NA NA 6,216 6,163
Investments & Advances NA NA NA 310 305
Other Non-Current Assets NA NA NA 210 158
Deferred Charges NA NA NA 352 359
Intangibles NA NA NA 1,365 1,375
Deposits & Other Assets NA NA NA 0 0
Total Assets NA NA NA 15,508 15,585
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable NA NA NA 0 0
Accounts Payable NA NA NA 1,898 1,942
Current Portion Long-Term Debt NA NA NA 1,014 321
Current Portion Capital Leases NA NA NA 0 0
Accrued Expenses NA NA NA 0 0
Income Taxes Payable NA NA NA 133 179
Other Current Liabilities NA NA NA 863 768
Total Current Liabilities NA NA NA 3,908 3,209
Mortgages NA NA NA 0 0
Deferred Taxes/Income NA NA NA 243 286
Convertible Debt NA NA NA 0 0
Long-Term Debt NA NA NA 3,001 3,834
Non-Current Capital Leases NA NA NA 0 0
Other Non-Current Liabilities NA NA 655 758
Minority Interest (Liabilities) NA NA NA 0 0
Total Liabilities NA NA NA 7,807 8,086
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock NA NA NA 0 0
Common Stock (Par) NA NA NA 206 206
Capital Surplus NA NA NA 4,071 4,078
Retained Earnings NA NA NA 2,881 0
Other Equity NA NA NA 543 3,215
Treasury Stock NA NA NA 0 0
Total Shareholder's Equity NA NA NA 7,700 7,499
Total Liabilities & Shareholder's Equity NA NA NA 15,508 15,585
Total Common Equity 0 0 0 7,700 7,499
Shares Outstanding 378.00 378.00 378.00 NA NA
Book Value Per Share 0.00 0.00 0.00 -0.08 -0.07