assigment
Profit and Loss statement, k USD, Global
Company 1 Company 2 Company 3 Company 4 Company 5 Sales revenue 1,955,709 1,698,913 2,611,419 2,046,179 3,016,664
Costs and expenses Variable production costs 582,786 665,311 981,495 702,499 853,744 Feature costs 174,023 100,704 300,663 158,112 579,480 Contract manufacturing costs 342,017 149,651 353,805 57,726 0 Transportation and tariffs 58,698 30,768 81,956 150,266 97,433 R&D 0 247,258 34,384 0 30,385 Promotion 37,500 5,900 170,000 57,000 202,000 Administration 152,013 163,232 151,612 179,972 150,270 Costs and expenses total 1,347,037 1,362,824 2,073,914 1,305,574 1,913,312
OPERATING PROFIT BEFORE DEPR. (EBITDA) 608,672 336,089 537,505 740,605 1,103,352 Depreciation from fixed assets 212,572 239,892 152,937 209,177 234,021
OPERATING PROFIT (EBIT) 396,100 96,197 384,567 531,428 869,331 Net financing expenses -17,200 156,051 45,312 612,787 -16,669
PROFIT BEFORE TAXES 413,300 -59,853 339,256 -81,360 886,000 Income taxes 86,309 35,666 66,929 104,359 220,597
PROFIT FOR THE ROUND 326,991 -95,520 272,327 -185,719 665,402
Balance sheet, k USD, Global
Company 1 Company 2 Company 3 Company 4 Company 5
ASSETS Fixed assets 1,204,573 1,359,388 866,645 1,185,339 1,326,119 Inventory 201,151 886,548 830,059 1,010,064 0 Receivables 75,295 65,408 100,540 78,778 116,142 Cash and cash equivalents 2,167,554 729,747 609,361 167,851 1,763,390 Total assets 3,648,573 3,041,092 2,406,604 2,442,032 3,205,651
SHAREHOLDERS' EQUITY AND LIABILITIES Equity Share capital 340,000 340,000 340,000 355,000 340,000 Additional paid-in capital 0 0 0 129,379 0 Profit for the round 326,991 -95,520 272,327 -185,719 665,402 Retained earnings 1,677,229 851,739 986,178 -2,006,090 1,631,529 Total equity 2,344,220 1,096,219 1,598,505 -1,707,431 2,636,932
Liabilities Long-term debts 1,259,789 309,789 509,789 2,509,789 509,789 Short-term debts (unplanned) 0 1,598,646 232,171 1,598,532 0 Payables 44,565 36,438 66,140 41,141 58,930 Total liabilities 1,304,354 1,944,872 808,099 4,149,463 568,719
Total shareholders' equity and liabilities 3,648,573 3,041,092 2,406,604 2,442,032 3,205,651
Profit and Loss statement, k USD, USA
Company 1 Company 2 Company 3 Company 4 Company 5
Sales revenue from markets 599,888 342,089 536,609 388,243 906,278 from internal transfers 230,349 73,001 301,121 473,918 248,191 Sales revenue total 830,238 415,090 837,730 862,161 1,154,470
Costs and expenses Variable production costs 349,963 176,392 327,810 585,468 535,133 Feature costs 47,290 29,146 47,684 25,823 175,412 Contract manufacturing costs 184,945 29,441 179,512 57,726 0 Transportation and tariffs 0 0 0 0 0 R&D 0 133,931 21,716 0 16,574 Promotion 14,000 2,000 110,000 28,000 110,000 Administration 95,066 94,875 95,342 123,026 86,103 Costs of imported products 0 0 0 0 0 Costs and expenses total 691,264 465,785 782,064 820,043 923,222
OPERATING PROFIT BEFORE DEPR. (EBITDA) 138,974 -50,695 55,666 42,118 231,248 Depreciation from fixed assets 77,931 66,969 56,007 113,642 56,007
OPERATING PROFIT (EBIT) 61,043 -117,664 -340 -71,523 175,241 Net financing expenses 18,266 185,457 34,413 484,022 9,193
PROFIT BEFORE TAXES 42,777 -303,121 -34,753 -555,545 166,049 Income taxes 0 0 0 0 0
PROFIT FOR THE ROUND 42,777 -303,121 -34,753 -555,545 166,049
Balance sheet, k USD, USA
Company 1 Company 2 Company 3 Company 4 Company 5
ASSETS Fixed assets 441,609 379,490 317,371 643,970 317,371 Inventory 201,151 476,628 586,468 1,010,064 0 Receivables 23,096 13,170 20,659 14,947 34,892 Cash and cash equivalents 929,987 2,000 2,000 2,000 481,481 Total assets 1,595,843 871,289 926,499 1,670,982 833,744
SHAREHOLDERS' EQUITY AND LIABILITIES Equity Share capital 300,000 300,000 300,000 315,000 300,000 Additional paid-in capital 0 0 0 129,379 0 Profit for the round 42,777 -303,121 -34,753 -555,545 166,049 Retained earnings -224,138 -488,071 -247,075 -2,845,732 -114,450 Total equity 118,639 -491,193 18,171 -2,956,898 351,599
Liabilities Long-term debts 1,259,789 309,789 509,789 2,509,789 509,789 Short-term debts (unplanned) 0 1,598,646 232,171 1,027,334 0 Internal loans 195,000 -555,000 145,000 1,065,000 -55,000 Payables 22,415 9,047 21,368 25,757 27,356 Total liabilities 1,477,204 1,362,481 908,327 4,627,880 482,145
Total shareholders' equity and liabilities 1,595,843 871,289 926,499 1,670,982 833,744
PARENT COMPANY'S CASH FLOW STATEMENT, k USD
Company 1 Company 2 Company 3 Company 4 Company 5
Cash provided by operating activities Operating profit before depreciation (EBITDA) 138,974 -50,695 55,666 42,118 231,248 Change in receivables (incr - / decr +) -886 4,112 -14,721 1,392 -3,748 Change in inventories (incr - / decr +) -201,151 -281,689 12,153 450,922 0 Change in payables (incr + / decr -) -8,999 -2,796 13,941 -3,179 -3,371 Net financing expenses -18,266 -185,457 -34,413 -484,022 -9,193 Income taxes 0 0 0 0 0 Total -90,328 -516,525 32,626 7,232 214,936
Cash provided by investment activities Plant investments (-) / divestments (+) 0 0 0 252,000 0
Cash flow before financing activities -90,328 -516,525 32,626 259,232 214,936
Cash provided by financing activities Dividends 0 0 0 0 -30,000 Proceeds from equity issues and buybacks 0 0 0 0 0 Dividends received from subsidiaries 0 0 0 0 32,104 Change in long-term debt (incr + / decr -) 750,000 0 0 0 0 Change in short-term debt (incr + / decr -) 0 516,525 -32,626 -459,232 0 Change in internal loans -250,000 0 0 200,000 -150,000 Total 500,000 516,525 -32,626 -259,232 -147,896 Change in cash and cash equivalents 409,672 0 0 0 67,041
Cash 1.1. 520,315 2,000 2,000 2,000 414,440 Cash 31.12. 929,987 2,000 2,000 2,000 481,481
Profit and Loss statement, k USD, Asia
Company 1 Company 2 Company 3 Company 4 Company 5
Sales revenue from markets 1,202,658 1,256,397 1,566,851 1,038,004 715,495 from internal transfers 0 8,055 0 0 227,086
Sales revenue total 1,202,658 1,264,453 1,566,851 1,038,004 942,581
Costs and expenses Variable production costs 232,823 488,919 653,685 117,031 318,611 Feature costs 112,289 61,530 209,636 88,065 176,139 Contract manufacturing costs 157,072 120,209 174,293 0 0 Transportation and tariffs 47,866 26,456 54,255 124,320 53,682 R&D 0 113,327 12,668 0 13,811 Promotion 13,500 1,800 30,000 16,000 26,000 Administration 46,946 58,358 46,270 46,946 54,167 Costs of imported products 173,750 52,610 118,297 283,059 116,632 Costs and expenses total 784,247 923,209 1,299,103 675,422 759,042
OPERATING PROFIT BEFORE DEPR. (EBITDA) 418,411 341,244 267,748 362,582 183,539 Depreciation from fixed assets 134,641 172,923 96,931 95,536 178,014
OPERATING PROFIT (EBIT) 283,770 168,321 170,817 267,047 5,525 Net financing expenses -33,489 -29,002 12,707 129,504 -23,223
PROFIT BEFORE TAXES 317,259 197,323 158,110 137,543 28,748 Income taxes 69,797 21,423 0 0 6,325
PROFIT FOR THE ROUND 247,462 175,899 158,110 137,543 22,423
Balance sheet, k USD, Asia
Company 1 Company 2 Company 3 Company 4 Company 5
ASSETS Fixed assets 762,964 979,898 549,273 541,369 1,008,748 Inventory 0 409,920 243,592 0 0 Receivables 46,302 48,371 60,324 39,963 27,547 Cash and cash equivalents 820,275 627,169 177,978 2,000 651,707 Total assets 1,629,542 2,065,358 1,031,167 583,332 1,688,002
SHAREHOLDERS' EQUITY AND LIABILITIES Equity Share capital 20,000 20,000 20,000 20,000 20,000 Profit for the round 247,462 175,899 158,110 137,543 22,423 Retained earnings 1,115,903 567,620 536,019 36,908 749,464 Total equity 1,383,365 763,519 714,130 194,451 791,887 Liabilities Short-term debts (unplanned) 0 0 0 571,199 0 Internal loans 225,000 1,275,000 275,000 -195,000 875,000 Payables 21,177 26,839 42,037 12,683 21,115 Total liabilities 246,177 1,301,839 317,037 388,881 896,115
Total shareholders' equity and liabilities 1,629,542 2,065,358 1,031,167 583,332 1,688,002
Profit and Loss statement, k USD, Europe
Company 1 Company 2 Company 3 Company 4 Company 5
Sales revenue Sales revenue 153,163 100,427 507,959 619,932 1,394,890
Costs and expenses Feature costs 14,444 10,028 43,343 44,224 227,930 Transportation and tariffs 10,832 4,312 27,701 25,945 43,751 Promotion 10,000 2,100 30,000 13,000 66,000 Administration 10,000 10,000 10,000 10,000 10,000 Costs of imported products 56,599 28,446 182,824 190,858 358,645 Costs and expenses total 101,876 54,887 293,868 284,027 706,326
OPERATING PROFIT BEFORE DEPR. (EBITDA) 51,287 45,540 214,091 335,904 688,565 Depreciation from fixed assets 0 0 0 0 0
OPERATING PROFIT (EBIT) 51,287 45,540 214,091 335,904 688,565 Net financing expenses -1,977 -405 -1,808 -738 -2,638
PROFIT BEFORE TAXES 53,264 45,945 215,899 336,642 691,203
Income taxes 16,512 14,243 66,929 104,359 214,273
PROFIT FOR THE ROUND 36,752 31,702 148,970 232,283 476,930
Balance sheet, k USD, Europe
Company 1 Company 2 Company 3 Company 4 Company 5
ASSETS Fixed assets 0 0 0 0 0 Receivables 5,897 3,866 19,556 23,867 53,703 Cash and cash equivalents 417,293 100,578 429,383 163,851 630,202 Total assets 423,189 104,445 448,939 187,718 683,905
SHAREHOLDERS' EQUITY AND LIABILITIES Equity Share capital 20,000 20,000 20,000 20,000 20,000 Profit for the round 36,752 31,702 148,970 232,283 476,930 Retained earnings 785,464 772,191 697,234 802,733 996,516 Total equity 842,216 823,893 866,204 1,055,016 1,493,446
Liabilities Short-term debts (unplanned) 0 0 0 0 0 Internal loans -420,000 -720,000 -420,000 -870,000 -820,000 Payables 973 552 2,735 2,702 10,460 Total liabilities -419,027 -719,448 -417,265 -867,298 -809,540
Total shareholders' equity and liabilities 423,189 104,445 448,939 187,718 683,905
Ratios and key financial indicators
Ratios Company 1 Company 2 Company 3 Company 4 Company 5
Market capitalization of the company, k USD 8,337,495 4,327,597 4,707,093 3,938,307 13,657,353 Shares outstanding at the end of round, k shares 30,000 30,000 30,000 31,500 30,000 Share price at the end of round, USD 278 144 157 125 455 Average trading price during the round, USD 304 187 81.04 65.31 388 Dividend yield, % 0 0 0 0 0.22 P/E ratio 25.50 n/a 17.28 n/a 20.52 Cumulative total shareholder return (p.a.), % 6.24 -4.76 -3.10 -7.01 15.61
Key financial indicators, % Company 1 Company 2 Company 3 Company 4 Company 5
Operating profit before depreciation (EBITDA) 31.12 19.78 20.58 36.19 36.58 Operating profit (EBIT) 20.25 5.66 14.73 25.97 28.82 Return on sales (ROS) 16.72 -5.62 10.43 -9.08 22.06 Equity ratio 64.25 36.05 66.42 n/a 82.26 Net debt to equity (gearing) -38.72 108 8.30 n/a -47.54 Return on capital employed (ROCE) 12.92 3.44 15.54 17.86 30.73 Return on equity (ROE) 14.99 -8.35 18.62 n/a 28.69 Earnings per share (EPS), USD 10.90 -3.18 9.08 -5.90 22.18
Market report, global Global market shares, %
Company 1 Company 2 Company 3 Company 4 Company 5 Total 21.17 11.16 27.95 17.05 22.67
Tech 1 24.43 8.67 24.97 18.43 23.49 Tech 2 28.53 5.06 6.88 24.89 34.64 Tech 3 0 28.02 71.98 0 0 Tech 4 0 100 0 0 0
Market report, USA
Company 1 Company 2 Company 3 Company 4 Company 5 Tech 1
Selling Price, USD 150 220 145 210 215 Number of offered features 3 5 4 4 7 Sales, k units 1,255 451 1,397 660 1,175 Demand, k units 1,255 451 1,397 660 1,175 Tech 2 Selling Price, USD 200 280 283 300 280 Number of offered features 2 3 2 2 9 Sales, k units 2,058 867 1,181 832 2,334 Demand, k units 2,058 867 1,181 832 2,334 Tech 3 Selling Price, USD Number of offered features Sales, k units Demand, k units Tech 4 Selling Price, USD Number of offered features Sales, k units Demand, k units
USA market shares, % Company 1 Company 2 Company 3 Company 4 Company 5 Total 27.13 10.80 21.11 12.22 28.74 Tech 1 25.42 9.14 28.28 13.36 23.80 Tech 2 28.30 11.93 16.23 11.44 32.10 Tech 3 0 0 0 0 0 Tech 4 0 0 0 0 0
Market report, Asia
Company 1 Company 2 Company 3 Company 4 Company 5 Tech 1 Selling Price, RMB 1,299 1,700 1,150 1,420 1,450 Number of offered features 3 5 4 3 7 Sales, k units 4,463 1,492 4,523 3,577 3,426 Demand, k units 4,463 1,492 4,523 3,577 3,907
Tech 2 Selling Price, RMB 1,750 2,000 2,100 Number of offered features 2 2 9 Sales, k units 2,663 1,974 597 Demand, k units 2,663 1,974 2,106
Tech 3 Selling Price, RMB 3,000 1,500 Number of offered features 1 3 Sales, k units 2,796 5,615 Demand, k units 2,796 5,615
Tech 4 Selling Price, RMB Number of offered features Sales, k units Demand, k units
Asia market shares, % Company 1 Company 2 Company 3 Company 4 Company 5
Total 22.89 13.78 32.57 17.83 12.93
Tech 1 25.53 8.53 25.88 20.46 19.60 Tech 2 50.89 0 0 37.71 11.41 Tech 3 0 33.24 66.76 0 0 Tech 4 0 0 0 0 0
Market report, Europe
Company 1 Company 2 Company 3 Company 4 Company 5 Tech 1 Selling Price, EUR 99 150 115 130 115 Number of offered features 3 5 4 5 7 Sales, k units 688 331 628 597 1,558 Demand, k units 688 331 628 597 1,558
Tech 2 Selling Price, EUR 199 230 250 Number of offered features 2 3 9 Sales, k units 172 1,463 3,009 Demand, k units 1,384 1,463 3,009 Tech 3 Selling Price, EUR 170 Number of offered features 3 Sales, k units 1,570 Demand, k units 1,570 Tech 4 Selling Price, EUR 1,000 Number of offered features 1 Sales, k units 17 Demand, k units 17
Europe market shares, % Company 1 Company 2 Company 3 Company 4 Company 5
Total 8.57 3.47 21.91 20.52 45.52
Tech 1 18.10 8.70 16.53 15.69 40.99 Tech 2 3.70 0 0 31.50 64.80 Tech 3 0 0 100 0 0 Tech 4 0 100 0 0 0
Production report
In-house manufacturing, k units Company 1 Company 2 Company 3 Company 4 Company 5
USA Tech 1 5,775 1,788 5,808 990 2,310 Tech 2 1,925 2,145 1,485 4,290 Tech 3 Tech 4
Asia Tech 1 3,960 3,350 440 3,850 Tech 2 440 1,100 1,650 Tech 3 1,815 Tech 4 605
Contract manufacturing, k units USA Tech 1 250 Tech 2 1,778 1,000 1,821 Tech 3 Tech 4 Asia Tech 1 432 Tech 2 750 1,777 Tech 3 1,000 Tech 4 292
Capacity usage, % USA Tech 1 75 25 88 10 35 Tech 2 25 30 15 65 Tech 3 Tech 4 Free capacity 0 45 12 75 0 Asia Tech 1 90 87 10 70 Tech 2 10 25 30
Tech 3 30 Tech 4 10 Free capacity 0 60 13 65 0
Inventory, k units USA Tech 1 3,761 3,556 4,779 4,621 0 Tech 2 0 2,278 640 7,288 0 Tech 3 0 0 2,832 0 0 Tech 4 0 0 0 0 0
Asia Tech 1 0 0 0 0 0 Tech 2 0 0 1,777 0 0 Tech 3 0 19 0 0 0 Tech 4 0 880 0 0 0
Inventory management costs, k USD 2,257 6,084 12,306 17,342 0
Origin of products sold in USA, k units USA 3,313 1,318 2,577 1,492 3,510 Asia
Origin of products sold in Asia, k units USA 1,544 853 1,750 4,010 1,732 Asia 5,582 3,435 8,389 1,540 2,292
Origin of products sold in Europe, k units USA 860 331 2,198 2,059 1,359 Asia 17 3,208
Number of plants this round USA 14 13 12 18 12 Asia 8 11 7 8 10
Number of plants next round USA 17 13 12 18 12 Asia 13 11 7 8 12
Number of plants after next round USA 17 13 12 18 12 Asia 13 11 7 8 12
Cost report
Logistics Company 1 Company 2 Company 3 Company 4 Company 5
Average logistics cost per sold product, USD Products sold in USA 0 0 0 0 0 Products sold in Asia 6.72 6.17 5.35 22.40 13.34 Products sold in Europe 12.60 12.38 12.60 12.60 9.58
Production cost per unit, USD USA Tech 1 53.48 54.55 52.67 56.01 51.85 Tech 2 126 119 92.13 96.82 Tech 3 Tech 4 Asia Tech 1 41.96 42.14 43.52 39.94 Tech 2 152 88.98 99.90 Tech 3 254 Tech 4 606
Contract manufacturing cost per unit, USD USA Tech 1 110 Tech 2 104 107 104 Tech 3 Tech 4 Asia Tech 1 114 Tech 2 144 137 Tech 3 104 Tech 4 163
Average unit cost per sold product, USD USA Tech 1 53.48 61.65 54.28 60.81 51.85 Tech 2 115 115 104 106 96.82 Tech 3 Tech 4 Weighted average 91.92 96.90 77.03 85.84 81.76
Asia Tech 1 49.16 61.93 45.29 58.68 43.88 Tech 2 129 137 96.38 96.82 Tech 3 201 132 Tech 4 Weighted average 79.10 152 93.33 72.08 51.74
Europe Tech 1 53.48 61.65 54.28 60.81 39.94 Tech 2 115 106 98.51 Tech 3 94.72 Tech 4 462 Weighted average 65.84 81.69 83.16 92.69 78.53
Production scrap, % USA Tech 1 1.27 1.31 1.30 1.28 1.24 Tech 2 1.80 1.76 1.43 1.52 Tech 3 Tech 4 Asia Tech 1 1.84 1.92 1.87 1.77 Tech 2 3.33 2.26 2.49 Tech 3 5.46 Tech 4 6.50
Logistics details
Tech 1, k units Company 1 Company 2 Company 3 Company 4 Company 5
USA Beginning inventory 0 3,154 2,170 8,024 0.00 Production 5,775 1,788 5,808 990 2,310 Contract manufacturing 0 250 0 0 0 Imported from Asia 0 0 0 0 0 Total products 5,775 5,191 7,978 9,014 2,310 Sales in USA -1,255 -451 -1,397 -660 -1,175 Exported to Asia -70.78 -853 -1,174 -3,137 -1,135 Exported to Europe -688 -331 -628 -597 0 Ending inventory 3,761 3,556 4,779 4,621 0 Unsatisfied demand 0 0 0 0 0
Asia Beginning inventory 0 638 0 0 0 Production 3,960 0 3,350 440 3,850 Contract manufacturing 432 0 0 0 0 Imported from USA 70.78 853 1,174 3,137 1,135 Total products 4,463 1,492 4,523 3,577 4,985 Sales in Asia -4,463 -1,492 -4,523 -3,577 -3,426 Exported to USA 0 0 0 0 0 Exported to Europe 0 0 0 0 -1,558 Ending inventory 0 0.00 0 0 0 Unsatisfied demand 0 0 0 0 481
Europe Imported from USA 688 331 628 597 0 Imported from Asia 0 0 0 0 1,558 Total products 688 331 628 597 1,558 Sales in Europe -688 -331 -628 -597 -1,558 Unsatisfied demand 0 0 0 0 0
Tech 2, k units Company 1 Company 2 Company 3 Company 4 Company 5
USA Beginning inventory 0.00 0 0 8,972 0
Production 1,925 2,145 0 1,485 4,290 Contract manufacturing 1,778 1,000 1,821 0 0 Imported from Asia 0 0 0 0 0 Total products 3,703 3,145 1,821 10,457 4,290 Sales in USA -2,058 -867 -1,181 -832 -2,334 Exported to Asia -1,473 0 0 -874 -597 Exported to Europe -172 0 0 -1,463 -1,359 Ending inventory 0 2,278 640 7,288 0 Unsatisfied demand 0 0 0 0 0
Asia Beginning inventory 0 0 0.00 0 0 Production 440 0 0 1,100 1,650 Contract manufacturing 750 0 1,777 0 0 Imported from USA 1,473 0 0 874 597 Total products 2,663 0 1,777 1,974 2,247 Sales in Asia -2,663 0 0 -1,974 -597 Exported to USA 0 0 0 0 0 Exported to Europe 0 0 0 0 -1,650 Ending inventory 0 0 1,777 0 0 Unsatisfied demand 0 0 0 0 1,509
Europe Imported from USA 172 0 0 1,463 1,359 Imported from Asia 0 0 0 0 1,650 Total products 172 0 0 1,463 3,009 Sales in Europe -172 0 0 -1,463 -3,009 Unsatisfied demand 1,213 0 0 0 0
Tech 3, k units Company 1 Company 2 Company 3 Company 4 Company 5
USA Beginning inventory 0 4,978 Production 0 0 Contract manufacturing 0 0 Imported from Asia 0 0 Total products 0 4,978 Sales in USA 0 0 Exported to Asia 0 -576 Exported to Europe 0 -1,570 Ending inventory 0 2,832 Unsatisfied demand 0 0
Asia Beginning inventory 0 5,039 Production 1,815 0 Contract manufacturing 1,000 0 Imported from USA 0 576 Total products 2,815 5,615 Sales in Asia -2,796 -5,615 Exported to USA 0 0 Exported to Europe 0 0 Ending inventory 18.57 0 Unsatisfied demand 0 0
Europe Imported from USA 0 1,570 Imported from Asia 0 0 Total products 0 1,570 Sales in Europe 0 -1,570 Unsatisfied demand 0 0
Tech 4, k units Company 1 Company 2 Company 3 Company 4 Company 5
USA Beginning inventory 0 Production 0 Contract manufacturing 0 Imported from Asia 0 Total products 0 Sales in USA 0 Exported to Asia 0 Exported to Europe 0 Ending inventory 0 Unsatisfied demand 0
Asia Beginning inventory 0
Production 605 Contract manufacturing 292 Imported from USA 0 Total products 897 Sales in Asia 0 Exported to USA 0 Exported to Europe -17.44 Ending inventory 880 Unsatisfied demand 0
Europe Imported from USA 0 Imported from Asia 17.44 Total products 17.44 Sales in Europe -17.44 Unsatisfied demand 0
Cost report - Transportation cost incl. tariffs per sold product, USD
Company 1 Company 2 Company 3 Company 4 Company 5 USA Tech 1 0 0 0 0 0 Tech 2 0 0 0 0 0 Tech 3 Tech 4 Asia Tech 1 0.49 17.74 8.05 27.19 10.27 Tech 2 17.15 13.72 31 Tech 3 0 3.18 Tech 4 Europe Tech 1 12.60 12.60 12.60 12.60 8.30 Tech 2 12.60 12.60 10.24 Tech 3 12.60 Tech 4 8.30