Cash flow Artnet AG

Stocks

ART

DE000A1K0375

Consumer Publishing

Market Closed - Xetra Other stock markets 11:36:01 2025-08-22 am EDT			5-day change	1st Jan Change
11.30 ^EUR	-.--%		-.--%	-

Dec. 30	Beowolff Capital completed the acquisition of remaining 4.58% stake in Artnet AG.	CI
25-10-07	Beowolff Capital agreed to acquire remaining 4.58% stake in Artnet AG.	CI

5.4FjVzPqHpbwhroSJ_K94jC6kpNcxcDAnZ9Qv59ftwGI.jRKXhLH-ycgR4ejCrPAo-xzAlLpeOQN0F_lhq5Wj-BupL62WmdLc73fMsA

Published financial data: ARTNET AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	18.94M	20.89M	25.03M	23.35M	22.24M
Total Revenues	18.94M	20.89M	25.03M	23.35M	22.24M
Cost of Goods Sold, Total	7.21M	8.74M	10.55M	10.12M	9.98M
Gross Profit	11.73M	12.15M	14.48M	13.23M	12.26M
Selling General & Admin Expenses, Total	9.36M	9.81M	13.5M	12.69M	10.9M
Stock-Based Compensation (IS)	-	-	-	-	-
R&D Expenses	2.18M	3.09M	2.61M	2.43M	2.5M
Other Operating Expenses, Total	11.54M	12.9M	16.11M	15.13M	13.4M
Operating Income	190K	-753K	-1.63M	-1.9M	-1.14M
Interest Expense, Total	-99.17K	-53.31K	-35.27K	-89.64K	-183K
Interest And Investment Income	-	3.74K	47.08K	536	-
Net Interest Expenses	-99.17K	-49.57K	11.8K	-89.11K	-183K
Currency Exchange Gains (Loss)	129K	-24K	-107K	-38K	-89K
Other Non Operating Income (Expenses)	1.58M	73.64K	-283K	115K	9.32K
EBT, Excl. Unusual Items	1.8M	-753K	-2.01M	-1.91M	-1.4M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	2.08M	-	-
EBT, Incl. Unusual Items	1.8M	-753K	71.24K	-1.91M	-1.4M
Income Tax Expense	-127K	43.28K	-49.27K	-908K	-1.93K
Earnings From Continuing Operations	1.92M	-796K	121K	-1M	-1.4M
Net Income to Company	1.92M	-796K	121K	-1M	-1.4M
Net Income - (IS)	1.92M	-796K	121K	-1M	-1.4M
Net Income to Common Incl Extra Items	1.92M	-796K	121K	-1M	-1.4M
Net Income to Common Excl. Extra Items	1.92M	-796K	121K	-1M	-1.4M
Per Share Items
Net EPS - Basic	0.35	-0.14	0.02	-0.18	-0.24
Basic EPS - Continuing Operations	0.35	-0.14	0.02	-0.18	-0.24
Basic Weighted Average Shares Outstanding	5.56M	5.63M	5.63M	5.68M	5.71M
Net EPS - Diluted	0.35	-0.14	0.02	-0.18	-0.24
Diluted EPS - Continuing Operations	0.35	-0.14	0.02	-0.18	-0.24
Diluted Weighted Average Shares Outstanding	5.56M	5.63M	5.63M	5.68M	5.71M
Normalized Basic EPS	0.2	-0.08	-0.22	-0.21	-0.15
Normalized Diluted EPS	0.2	-0.08	-0.22	-0.21	-0.15
Supplemental Items
EBITDA	314K	-603K	-1.6M	-1.86M	-1.04M
EBITA	190K	-753K	-1.63M	-1.9M	-1.14M
EBIT	190K	-753K	-1.63M	-1.9M	-1.14M
EBITDAR	341K	-561K	-1.6M	-1.67M	-995K
Total Revenues (As Reported)	18.94M	20.89M	25.03M	23.35M	22.24M
Effective Tax Rate - (Ratio)	-7.05	-5.75	-69.17	47.49	0.14
Total Current Taxes	14.5K	10.88K	30.75K	28.78K	52.91K
Total Deferred Taxes	-141K	32.41K	-80.03K	-937K	-54.83K
Normalized Net Income	1.12M	-470K	-1.26M	-1.2M	-874K
Interest on Long-Term Debt	99.17K	53.31K	27K	15K	9K
Supplemental Operating Expense Items
Selling and Marketing Expenses	5.44M	5.84M	8.73M	8.8M	7.81M
General and Administrative Expenses	3.89M	3.93M	4.77M	3.71M	3.05M
Research And Development Expense From Footnotes	2.46M	3.09M	2.61M	2.43M	2.5M
Net Rental Expense, Total	27K	42K	5K	186K	43K
Imputed Operating Lease Interest Expense	7.13K	8.19K	796	92.19K	39.73K
Imputed Operating Lease Depreciation	19.87K	33.81K	4.2K	93.81K	3.27K
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.47M	593K	1.05M	534K	424K
Short Term Investments	327K	249K	247K	-	-
Total Cash And Short Term Investments	1.8M	842K	1.3M	534K	424K
Accounts Receivable, Total	1.56M	2.62M	2.94M	2.65M	2.7M
Other Receivables	59K	44K	39K	253K	137K
Total Receivables	1.62M	2.67M	2.98M	2.9M	2.84M
Restricted Cash	205K	239K	256K	-	-
Other Current Assets, Total	8K	40K	2.23M	152K	237K
Total Current Assets	3.63M	3.79M	6.77M	3.59M	3.5M
Gross Property Plant And Equipment	5.1M	5.47M	5.79M	660K	208K
Accumulated Depreciation	-2.88M	-4.15M	-5.43M	-310K	-75.16K
Net Property Plant And Equipment	2.22M	1.32M	361K	350K	133K
Other Intangibles, Total	3.4M	4.04M	5.76M	6.23M	6.77M
Deferred Tax Assets Long-Term	1.29M	1.35M	1.51M	2.39M	2.61M
Other Long-Term Assets, Total	347K	323K	45.04K	61.06K	12.77K
Total Assets	10.88M	10.83M	14.45M	12.62M	13.02M
Liabilities
Accounts Payable, Total	597K	815K	2.33M	3.85M	4.18M
Accrued Expenses, Total	431K	494K	1.1M	349K	429K
Current Portion of Long-Term Debt	-	-	456K	6.31K	1.16M
Current Portion of Leases	1.34M	1.55M	972K	221K	65.21K
Current Income Taxes Payable	43K	126K	164K	177K	182K
Unearned Revenue Current, Total	1.71M	2.2M	3.2M	2.47M	2.57M
Other Current Liabilities	760K	931K	1.16M	242K	428K
Total Current Liabilities	4.88M	6.11M	9.38M	7.31M	9.02M
Long-Term Debt	-	-	256K	896K	708K
Long-Term Leases	1.18M	309K	-	85.37K	21.04K
Unearned Revenue Non Current	-	-	-	-	-
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	6.06M	6.42M	9.64M	8.29M	9.75M
Common Stock, Total	5.71M	5.71M	5.71M	5.71M	5.71M
Additional Paid In Capital	51.12M	51.12M	51.12M	51.52M	-
Retained Earnings	-51.81M	-52.61M	-52.49M	-53.49M	-54.89M
Treasury Stock	-264K	-264K	-264K	-	-
Comprehensive Income and Other	75.12K	452K	737K	592K	52.45M
Total Common Equity	4.82M	4.4M	4.81M	4.33M	3.27M
Total Equity	4.82M	4.4M	4.81M	4.33M	3.27M
Total Liabilities And Equity	10.88M	10.83M	14.45M	12.62M	13.02M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5.63M	5.63M	5.63M	5.71M	5.71M
ECS Total Common Shares Outstanding	5.63M	5.63M	5.63M	5.71M	5.71M
Book Value / Share	0.86	0.78	0.85	0.76	0.57
Tangible Book Value	1.42M	361K	-953K	-1.9M	-3.5M
Tangible Book Value Per Share	0.25	0.06	-0.17	-0.33	-0.61
Total Debt	2.52M	1.86M	1.69M	1.21M	1.96M
Net Debt	720K	1.02M	385K	674K	1.53M
Debt Equivalent Oper. Leases	216K	336K	40K	1.49M	344K
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	1.02M	1.1M	1.18M	187K	122K
Full Time Employees	120	127	135	129	117
Part Time Employees	3	6	6	4	5
Accumulated Allowance for Doubtful Accounts (Supple)	619K	613K	379K	410K	546K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	1.92M	-796K	121K	-1M	-1.4M
Depreciation & Amortization - CF	1.06M	1.08M	1.04M	521K	321K
Depreciation & Amortization, Total	1.06M	1.08M	1.04M	521K	321K
Amortization of Deferred Charges, Total - (CF)	302K	297K	456K	1.18M	1.38M
(Gain) Loss From Sale Of Asset	-	-	-	-24.61K	1.93K
Stock-Based Compensation (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	326K	227K	141K	358K	399K
Other Operating Activities, Total	-284K	86.99K	-43.13K	-901K	234K
Change In Accounts Receivable	166K	-1.18M	-302K	-63.46K	-449K
Change In Accounts Payable	-249K	174K	1.47M	-20.62K	338K
Change in Unearned Revenues	-49.18K	319K	867K	-729K	105K
Change in Other Net Operating Assets	-481K	346K	-1.09M	1.66M	350K
Cash from Operations	2.71M	559K	2.66M	980K	1.29M
Capital Expenditure	-11.72K	-3.14K	-13.24K	-35.7K	-25.73K
Sale of Property, Plant, and Equipment	-	-	-	24.61K	-
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-863K	-700K	-1.92M	-1.65M	-1.5M
Other Investing Activities, Total	-	-	-1	-	1
Cash from Investing	-875K	-703K	-1.94M	-1.66M	-1.53M
Long-Term Debt Issued, Total	219K	-	713K	648K	980K
Total Debt Issued	219K	-	713K	648K	980K
Long-Term Debt Repaid, Total	-906K	-845K	-999K	-1.03M	-357K
Total Debt Repaid	-906K	-845K	-999K	-1.03M	-357K
Issuance of Common Stock	-	-	-	670K	-
Other Financing Activities, Total	78.36K	-53.31K	-35.27K	-89.84K	-168K
Cash from Financing	-608K	-898K	-322K	199K	455K
Foreign Exchange Rate Adjustments	-242K	165K	56.09K	-39.94K	-322K
Miscellaneous Cash Flow Adjustments	1	-	1	-	-1
Net Change in Cash	989K	-876K	460K	-519K	-110K
Supplemental Items
Cash Interest Paid	99.17K	53.31K	35.27K	89.84K	168K
Cash Income Tax Paid (Refund)	-234K	10.88K	30.75K	14.79K	38.59K
Levered Free Cash Flow	-119K	77.08K	-608K	565K	44.7K
Unlevered Free Cash Flow	-56.7K	110K	-586K	621K	159K
Change In Net Working Capital	661K	95.83K	-875K	-1.79M	-695K
Net Debt Issued / Repaid	-687K	-845K	-286K	-381K	623K

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.05	-4.34	-8.06	-8.77	-5.54
Return on Total Capital	1.7	-6.92	-15.98	-19.74	-13.19
Return On Equity %	48	-17.26	2.62	-21.98	-36.77
Return on Common Equity	48	-17.26	2.62	-21.98	-36.77
Margin Analysis
Gross Profit Margin %	61.93	58.16	57.83	56.64	55.14
SG&A Margin	49.4	46.97	53.92	54.35	49
EBITDA Margin %	1.66	-2.89	-6.4	-7.97	-4.67
EBITA Margin %	1	-3.6	-6.51	-8.14	-5.11
EBIT Margin %	1	-3.6	-6.51	-8.14	-5.11
Income From Continuing Operations Margin %	10.16	-3.81	0.48	-4.3	-6.28
Net Income Margin %	10.16	-3.81	0.48	-4.3	-6.28
Net Avail. For Common Margin %	10.16	-3.81	0.48	-4.3	-6.28
Normalized Net Income Margin	5.93	-2.25	-5.02	-5.12	-3.93
Levered Free Cash Flow Margin	-0.63	0.37	-2.43	2.42	0.2
Unlevered Free Cash Flow Margin	-0.3	0.53	-2.34	2.66	0.71
Asset Turnover
Asset Turnover	1.67	1.92	1.98	1.73	1.74
Fixed Assets Turnover	6.67	11.82	29.85	65.66	92.04
Receivables Turnover (Average Receivables)	10	9.99	8.99	8.35	8.32
Short Term Liquidity
Current Ratio	0.74	0.62	0.72	0.49	0.39
Quick Ratio	0.7	0.57	0.46	0.47	0.36
Operating Cash Flow to Current Liabilities	0.56	0.09	0.28	0.13	0.14
Days Sales Outstanding (Average Receivables)	36.61	36.54	40.6	43.71	44
Average Days Payable Outstanding	38.53	29.49	54.46	128.83	147.26
Long Term Solvency
Total Debt/Equity	52.18	42.24	35.05	27.91	59.99
Total Debt / Total Capital	34.29	29.7	25.95	21.82	37.5
LT Debt/Equity	24.48	7.02	5.33	22.65	22.34
Long-Term Debt / Total Capital	16.09	4.93	3.95	17.71	13.96
Total Liabilities / Total Assets	55.67	59.33	66.72	65.69	74.92
EBIT / Interest Expense	1.92	-14.12	-46.22	-21.19	-6.21
EBITDA / Interest Expense	12.6	6.18	-16.78	-15.38	-4.46
(EBITDA - Capex) / Interest Expense	12.48	6.13	-17.16	-15.78	-4.6
Total Debt / EBITDA	2.01	5.64	-2.85	-0.88	-2.4
Net Debt / EBITDA	0.58	3.09	-0.65	-0.49	-1.88
Total Debt / (EBITDA - Capex)	2.03	5.69	-2.78	-0.85	-2.33
Net Debt / (EBITDA - Capex)	0.58	3.12	-0.64	-0.48	-1.82
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-3.07	10.27	19.83	-6.71	-4.75
Gross Profit, 1 Yr. Growth %	-6.75	3.56	19.15	-8.63	-7.27
EBITDA, 1 Yr. Growth %	-4.9	-292.1	165.72	16.06	-44.2
EBITA, 1 Yr. Growth %	8.05	-495.75	116.61	16.52	-40.22
EBIT, 1 Yr. Growth %	8.05	-495.75	116.61	16.52	-40.22
Earnings From Cont. Operations, 1 Yr. Growth %	-300K	-141.37	-115.14	-933.19	39.07
Net Income, 1 Yr. Growth %	-300K	-141.37	-115.14	-933.19	39.07
Normalized Net Income, 1 Yr. Growth %	43.47K	-324.47	166.9	-9.28	-26.87
Diluted EPS Before Extra, 1 Yr. Growth %	-301K	-140.86	-115.14	-933.2	38.44
Accounts Receivable, 1 Yr. Growth %	-30.23	68.51	12.14	-10	1.87
Net Property, Plant and Equip., 1 Yr. Growth %	-35.97	-40.64	-72.58	-2.93	-62.05
Total Assets, 1 Yr. Growth %	-7.89	-0.49	33.47	-12.66	3.16
Tangible Book Value, 1 Yr. Growth %	2.14K	-74.67	-364.19	99.31	84.46
Common Equity, 1 Yr. Growth %	50.96	-8.69	9.21	-9.95	-24.59
Cash From Operations, 1 Yr. Growth %	66.98	-79.4	376.04	-63.18	31.33
Capital Expenditures, 1 Yr. Growth %	-68.38	-73.19	321.48	169.61	-27.93
Levered Free Cash Flow, 1 Yr. Growth %	-131.61	-164.95	-909.67	-166.04	-92.09
Unlevered Free Cash Flow, 1 Yr. Growth %	-112.79	-294.73	-640.47	-174.51	-74.39
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.68	3.39	14.95	5.73	-5.73
Gross Profit, 2 Yr. CAGR %	2.15	-1.73	11.08	4.34	-7.95
EBITDA, 2 Yr. CAGR %	-41.99	35.16	125.93	75.61	-19.53
EBITA, 2 Yr. CAGR %	-50.2	106.79	192.79	58.87	-16.54
EBIT, 2 Yr. CAGR %	-50.2	106.79	192.79	58.87	-16.54
Earnings From Cont. Operations, 2 Yr. CAGR %	35.74	3.42K	-74.97	12.32	240.4
Net Income, 2 Yr. CAGR %	35.74	3.42K	-74.97	12.32	240.4
Normalized Net Income, 2 Yr. CAGR %	60.91	1.25K	144.77	59.4	-18.55
Diluted EPS Before Extra, 2 Yr. CAGR %	35.88	3.41K	-75.13	11.8	239.63
Accounts Receivable, 2 Yr. CAGR %	-9.59	8.43	37.47	0.46	-4.25
Net Property, Plant and Equip., 2 Yr. CAGR %	143.81	-38.35	-59.65	-48.41	-39.31
Total Assets, 2 Yr. CAGR %	19.69	-4.26	15.24	7.97	-5.08
Tangible Book Value, 2 Yr. CAGR %	41.18	137.99	-18.2	129.47	91.74
Common Equity, 2 Yr. CAGR %	28.01	17.4	-0.14	-0.83	-17.59
Cash From Operations, 2 Yr. CAGR %	56.57	-41.35	-0.96	32.38	-30.47
Capital Expenditures, 2 Yr. CAGR %	-69.16	-70.88	6.3	237.1	39.4
Levered Free Cash Flow, 2 Yr. CAGR %	-49.53	-54.69	126.33	174.31	-77.14
Unlevered Free Cash Flow, 2 Yr. CAGR %	-65.08	-50.1	221.46	139.34	-56.32
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.93	4.47	8.6	7.22	2.11
Gross Profit, 3 Yr. CAGR %	1.2	2.62	4.79	4.08	0.32
EBITDA, 3 Yr. CAGR %	-17.15	-13.53	69.32	80.94	19.83
EBITA, 3 Yr. CAGR %	-19.26	-0.61	110.01	115.36	14.7
EBIT, 3 Yr. CAGR %	-19.26	-0.61	110.01	115.36	14.7
Earnings From Cont. Operations, 3 Yr. CAGR %	40.39	-8.66	472.87	-19.49	20.61
Net Income, 3 Yr. CAGR %	40.39	-8.66	472.87	-19.49	20.61
Normalized Net Income, 3 Yr. CAGR %	62.46	2.73	686.76	78.66	22.94
Diluted EPS Before Extra, 3 Yr. CAGR %	42.34	-8.97	471.03	-20.06	20.06
Accounts Receivable, 3 Yr. CAGR %	8.62	11.27	9.65	19.36	0.93
Net Property, Plant and Equip., 3 Yr. CAGR %	90.72	52.25	-52.94	-45.94	-53.43
Total Assets, 3 Yr. CAGR %	23.66	12.54	6.95	5.07	6.34
Tangible Book Value, 3 Yr. CAGR %	54.13	-20.38	146.42	10.07	113.36
Common Equity, 3 Yr. CAGR %	41.68	14.38	14.6	-3.53	-9.48
Cash From Operations, 3 Yr. CAGR %	39.14	-20.36	17.87	-28.79	32.03
Capital Expenditures, 3 Yr. CAGR %	-44.42	-70.57	-29.04	44.97	101.57
Levered Free Cash Flow, 3 Yr. CAGR %	-13.07	-45.1	17.43	68.22	-15.87
Unlevered Free Cash Flow, 3 Yr. CAGR %	-34.4	-38.08	9.74	122.08	13.62
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.85	3.74	6.32	4.97	2.62
Gross Profit, 5 Yr. CAGR %	0.71	1.61	5.04	3.31	-0.51
EBITDA, 5 Yr. CAGR %	-19.88	-6.36	23.76	14.8	25.75
EBITA, 5 Yr. CAGR %	-23.11	3.17	35.17	19.9	45.19
EBIT, 5 Yr. CAGR %	-23.11	3.17	35.17	19.9	45.19
Earnings From Cont. Operations, 5 Yr. CAGR %	24.67	4.68	-29.57	-0.78	365.19
Net Income, 5 Yr. CAGR %	24.67	4.68	-29.57	-0.78	365.19
Normalized Net Income, 5 Yr. CAGR %	21.78	7.49	36.81	22.47	220.66
Diluted EPS Before Extra, 5 Yr. CAGR %	24.64	4.4	-29.16	-1.17	363.01
Accounts Receivable, 5 Yr. CAGR %	4.14	10.86	19.35	6.81	3.87
Net Property, Plant and Equip., 5 Yr. CAGR %	27.69	21.13	2.46	-1.25	-47.9
Total Assets, 5 Yr. CAGR %	16.89	14.41	20.22	10.69	1.97
Tangible Book Value, 5 Yr. CAGR %	55.03	-11.55	19.63	21.59	122.89
Common Equity, 5 Yr. CAGR %	48.54	24.54	23.18	8.03	0.44
Cash From Operations, 5 Yr. CAGR %	66.63	-9.67	21.45	-2.41	-4.56
Capital Expenditures, 5 Yr. CAGR %	-12.34	-37.37	-27.96	-21.95	-7.04
Levered Free Cash Flow, 5 Yr. CAGR %	0.89	-19.31	27.47	3.93	-34.66
Unlevered Free Cash Flow, 5 Yr. CAGR %	-15.5	-13.79	23.88	5.95	-18.54