Income Statement Auto Hall S.A.

Equities

ATH

MA0000010969

Auto Vehicles, Parts & Service Retailers

End-of-day quote Casablanca S.E. Other stock markets 2025-07-11			5-day change	1st Jan Change
81.00 ^MAD	+1.25%		+0.04%	+22.73%

Apr. 29	Auto Hall S.A. Reports Earnings Results for the Full Year Ended December 31, 2024	CI
Mar. 23	Auto Hall S.A.(CBSE:ATH) added to S&P Pan Arab Composite	CI

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Published financial data: AUTO HALL S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	3.95B	5.08B	4.83B	4.91B	5.02B
Total Revenues	3.95B	5.08B	4.83B	4.91B	5.02B
Cost of Goods Sold, Total	3.24B	4.19B	3.95B	4.11B	4.17B
Gross Profit	712M	890M	880M	800M	852M
Selling General & Admin Expenses, Total	355M	384M	423M	425M	456M
Other Operating Expenses	61.43M	219M	199M	168M	186M
Other Operating Expenses, Total	417M	603M	622M	593M	642M
Operating Income	295M	287M	259M	208M	210M
Interest Expense, Total	-88.81M	-56.26M	-101M	-167M	-196M
Interest And Investment Income	18.01M	4.12M	23.17M	56.44M	67.22M
Net Interest Expenses	-70.8M	-52.14M	-77.99M	-111M	-129M
Currency Exchange Gains (Loss)	-	-4.14M	-	-	-
Other Non Operating Income (Expenses)	-	398	0	-	-
EBT, Excl. Unusual Items	224M	230M	181M	97.1M	80.78M
Gain (Loss) On Sale Of Assets	-	173M	-	-	-
EBT, Incl. Unusual Items	224M	403M	181M	97.1M	80.78M
Income Tax Expense	80.19M	139M	80.68M	69.22M	63.68M
Earnings From Continuing Operations	144M	264M	100M	27.88M	17.09M
Net Income to Company	144M	264M	100M	27.88M	17.09M
Net Income - (IS)	144M	264M	100M	27.88M	17.09M
Net Income to Common Incl Extra Items	144M	264M	100M	27.88M	17.09M
Net Income to Common Excl. Extra Items	144M	264M	100M	27.88M	17.09M
Per Share Items
Net EPS - Basic	2.87	5.25	1.99	0.55	0.34
Basic EPS - Continuing Operations	2.87	5.25	1.99	0.55	0.34
Basic Weighted Average Shares Outstanding	50.29M	50.3M	50.29M	50.29M	50.29M
Net EPS - Diluted	2.87	5.25	1.99	0.55	0.34
Diluted EPS - Continuing Operations	2.87	5.25	1.99	0.55	0.34
Diluted Weighted Average Shares Outstanding	50.29M	50.3M	50.29M	50.29M	50.29M
Normalized Basic EPS	2.79	2.86	2.25	1.21	1
Normalized Diluted EPS	2.79	2.86	2.25	1.21	1
Dividend Per Share	3.5	3.5	3.5	2	2
Payout Ratio	122.01	66.66	175.92	631.4	588.51
Supplemental Items
EBITDA	413M	452M	442M	441M	446M
EBITA	295M	287M	259M	208M	210M
EBIT	295M	287M	259M	208M	210M
EBITDAR	-	452M	-	-	-
Effective Tax Rate - (Ratio)	35.73	34.54	44.64	71.29	78.84
Total Current Taxes	84.15M	122M	66.91M	53.6M	49.22M
Total Deferred Taxes	-3.95M	17.27M	13.77M	15.62M	14.46M
Normalized Net Income	140M	144M	113M	60.69M	50.48M
Supplemental Operating Expense Items
Advertising Expense	-	16.63M	-	-	-
Selling and Marketing Expenses	-	16.63M	-	-	-
Net Rental Expense, Total	-	5.22K	-	-	-
Maintenance & Repair Expenses, Total	-	20.18M	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	172M	107M	84.19M	459M	577M
Total Cash And Short Term Investments	172M	107M	84.19M	459M	577M
Accounts Receivable, Total	1.06B	647M	970M	956M	856M
Other Receivables	290M	309M	457M	517M	436M
Total Receivables	1.35B	956M	1.43B	1.47B	1.29B
Inventory	913M	819M	1.43B	1.56B	1.51B
Total Current Assets	2.43B	1.88B	2.94B	3.49B	3.38B
Net Property Plant And Equipment	1.63B	1.72B	1.93B	2.02B	2.03B
Long-term Investments	49.32K	576K	578K	640M	800M
Goodwill	-	22.15M	22.15M	22.15M	22.15M
Other Intangibles, Total	49.54M	55.46M	55.06M	55.19M	55.24M
Deferred Tax Assets Long-Term	31.51M	31.64M	29.7M	32.39M	24.58M
Other Long-Term Assets, Total	0	0	-	-	-
Total Assets	4.15B	3.71B	4.97B	6.26B	6.31B
Liabilities
Accounts Payable, Total	420M	570M	744M	718M	942M
Accrued Expenses, Total	-	221M	-	-	-
Current Income Taxes Payable	-	48.8M	-	-	-
Other Current Liabilities	1.58B	675M	2.17B	2.85B	2.54B
Total Current Liabilities	2B	1.51B	2.91B	3.57B	3.48B
Deferred Tax Liability Non Current	92.57M	109M	121M	139M	145M
Other Non Current Liabilities	366M	309M	244M	1.01B	1.23B
Total Liabilities	2.46B	1.93B	3.28B	4.72B	4.85B
Common Stock, Total	503M	503M	503M	503M	503M
Additional Paid In Capital	251M	251M	251M	251M	251M
Retained Earnings	144M	264M	100M	27.88M	17.09M
Comprehensive Income and Other	791M	758M	840M	761M	687M
Total Common Equity	1.69B	1.78B	1.69B	1.54B	1.46B
Total Equity	1.69B	1.78B	1.69B	1.54B	1.46B
Total Liabilities And Equity	4.15B	3.71B	4.97B	6.26B	6.31B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	50.29M	50.29M	50.29M	50.29M	50.29M
ECS Total Common Shares Outstanding	50.29M	50.29M	50.29M	50.29M	50.29M
Book Value / Share	33.58	35.32	33.68	30.68	29
Tangible Book Value	1.64B	1.7B	1.62B	1.47B	1.38B
Tangible Book Value Per Share	32.6	33.78	32.15	29.14	27.46
Total Debt	0	0	0	0	0
Net Debt	-172M	-107M	-84.19M	-459M	-577M
Debt Equivalent Oper. Leases	-	41.75K	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Others	-	914M	-	-	-
Full Time Employees	1.41K	1.62K	1.61K	1.56K	1.47K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	144M	264M	100M	27.88M	17.09M
Depreciation & Amortization - CF	118M	165M	183M	233M	236M
Depreciation & Amortization, Total	118M	165M	183M	233M	236M
(Gain) Loss From Sale Of Asset	205M	413M	258M	472M	426M
Other Operating Activities, Total	73.22M	72.17M	65.77M	147M	184M
Change in Other Net Operating Assets	644M	750M	-949M	-192M	456M
Cash from Operations	1.18B	1.66B	-342M	688M	1.32B
Capital Expenditure	-247M	-379M	-512M	-512M	-338M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-160M
Other Investing Activities, Total	-172M	-312M	-150M	-929M	-258M
Cash from Investing	-418M	-691M	-662M	-1.44B	-756M
Long-Term Debt Issued, Total	-	-	-	805M	204M
Total Debt Issued	-	-	-	805M	204M
Short Term Debt Repaid, Total	-57.75M	-57.37M	-63.05M	-37.21M	-62.98M
Total Debt Repaid	-57.75M	-57.37M	-63.05M	-37.21M	-62.98M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-176M	-176M	-176M	-176M	-101M
Common & Preferred Stock Dividends Paid	-176M	-176M	-176M	-176M	-101M
Other Financing Activities, Total	-68.91M	-54.07M	-51.49M	-129M	-172M
Cash from Financing	-303M	-287M	-291M	463M	-132M
Miscellaneous Cash Flow Adjustments	1K	-	-	-	-
Net Change in Cash	463M	686M	-1.29B	-290M	432M
Supplemental Items
Levered Free Cash Flow	99.84M	-70.02M	92.26M	220M	49.51M
Unlevered Free Cash Flow	155M	-34.85M	155M	324M	172M
Change In Net Working Capital	-99.7M	278K	-322M	-473M	-143M
Net Debt Issued / Repaid	-57.75M	-57.37M	-63.05M	768M	141M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	4.14	4.56	3.73	2.31	2.09
Return on Total Capital	10.82	10.34	9.32	8.02	8.75
Return On Equity %	8.46	15.24	5.77	1.72	1.14
Return on Common Equity	8.46	15.24	5.77	1.72	1.14
Margin Analysis
Gross Profit Margin %	18.03	17.5	18.22	16.3	16.96
SG&A Margin	9	7.56	8.75	8.65	9.07
EBITDA Margin %	10.46	8.89	9.14	8.97	8.89
EBITA Margin %	7.48	5.64	5.36	4.23	4.18
EBIT Margin %	7.48	5.64	5.36	4.23	4.18
Income From Continuing Operations Margin %	3.65	5.19	2.07	0.57	0.34
Net Income Margin %	3.65	5.19	2.07	0.57	0.34
Net Avail. For Common Margin %	3.65	5.19	2.07	0.57	0.34
Normalized Net Income Margin	3.55	2.83	2.34	1.24	1.01
Levered Free Cash Flow Margin	2.53	-1.38	1.91	4.47	0.99
Unlevered Free Cash Flow Margin	3.93	-0.69	3.22	6.59	3.43
Asset Turnover
Asset Turnover	0.89	1.29	1.11	0.87	0.8
Fixed Assets Turnover	2.49	3.04	2.65	2.49	2.48
Receivables Turnover (Average Receivables)	3.95	5.96	5.97	5.1	5.54
Inventory Turnover (Average Inventory)	2.59	4.84	3.52	2.76	2.72
Short Term Liquidity
Current Ratio	1.22	1.24	1.01	0.98	0.97
Quick Ratio	0.76	0.7	0.52	0.54	0.54
Operating Cash Flow to Current Liabilities	0.59	1.1	-0.12	0.19	0.38
Days Sales Outstanding (Average Receivables)	92.59	61.22	61.1	71.56	66.04
Days Outstanding Inventory (Average Inventory)	141.23	75.36	103.67	132.41	134.53
Average Days Payable Outstanding	66.55	44.05	52.63	62.89	73.76
Cash Conversion Cycle (Average Days)	167.27	92.53	112.13	141.08	126.82
Long Term Solvency
Total Liabilities / Total Assets	59.27	52.1	65.93	75.34	76.9
EBIT / Interest Expense	3.32	5.1	2.56	1.24	1.07
EBITDA / Interest Expense	4.65	8.03	4.37	2.64	2.27
(EBITDA - Capex) / Interest Expense	1.87	1.3	-0.69	-0.43	0.55
Net Debt / EBITDA	-0.42	-0.24	-0.19	-1.04	-1.29
Net Debt / (EBITDA - Capex)	-1.03	-1.47	1.2	6.4	-5.33
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-10.77	28.79	-4.98	1.68	2.24
Gross Profit, 1 Yr. Growth %	-12.79	28	-3.27	-9.08	6.43
EBITDA, 1 Yr. Growth %	-10.77	64.21	-29.31	-0.25	1.34
EBITA, 1 Yr. Growth %	-9.24	82.22	-43.72	-19.73	1.13
EBIT, 1 Yr. Growth %	-9.24	82.22	-43.72	-19.73	1.13
Earnings From Cont. Operations, 1 Yr. Growth %	-9.06	83.04	-62.11	-72.14	-38.69
Net Income, 1 Yr. Growth %	-9.06	83.04	-62.11	-72.14	-38.69
Normalized Net Income, 1 Yr. Growth %	-13.64	166.27	-55.2	-46.28	-16.81
Diluted EPS Before Extra, 1 Yr. Growth %	-9.06	83.02	-62.11	-72.14	-38.69
Accounts Receivable, 1 Yr. Growth %	12.66	-38.82	49.81	-1.43	-10.43
Inventory, 1 Yr. Growth %	-42.38	-10.27	73.99	9.33	-3.23
Net Property, Plant and Equip., 1 Yr. Growth %	6.17	5.1	12.37	4.71	0.74
Total Assets, 1 Yr. Growth %	-13.07	-10.58	34.07	25.87	0.88
Tangible Book Value, 1 Yr. Growth %	-2.03	3.62	-4.83	-9.35	-5.77
Common Equity, 1 Yr. Growth %	-1.95	5.17	-4.64	-8.91	-5.47
Cash From Operations, 1 Yr. Growth %	-539.79	40.54	-120.53	-301.4	91.75
Capital Expenditures, 1 Yr. Growth %	20.33	53.58	35.06	0.1	-34
Levered Free Cash Flow, 1 Yr. Growth %	-67.79	-382.69	219.18	137.91	-77.44
Unlevered Free Cash Flow, 1 Yr. Growth %	-56.75	-150.42	112.11	108.31	-46.8
Dividend Per Share, 1 Yr. Growth %	0	0	0	-42.86	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-9.42	7.2	10.62	-1.71	1.96
Gross Profit, 2 Yr. CAGR %	-5.63	4.4	12.53	-6.22	-1.63
EBITDA, 2 Yr. CAGR %	-1.65	-1.21	26.71	-16.03	0.54
EBITA, 2 Yr. CAGR %	-2.62	-6.13	28.24	-32.79	-9.9
EBIT, 2 Yr. CAGR %	-2.62	-6.13	28.24	-32.79	-9.9
Earnings From Cont. Operations, 2 Yr. CAGR %	-1.8	29.02	-16.72	-67.51	-58.67
Net Income, 2 Yr. CAGR %	-1.8	29.02	-16.72	-67.51	-58.67
Normalized Net Income, 2 Yr. CAGR %	-3.97	-5.85	44.53	-50.94	-33.15
Diluted EPS Before Extra, 2 Yr. CAGR %	-	29.01	-16.72	-67.51	-58.67
Accounts Receivable, 2 Yr. CAGR %	17	-16.98	-4.26	21.52	-6.04
Inventory, 2 Yr. CAGR %	-10.03	-28.1	24.95	37.92	2.85
Net Property, Plant and Equip., 2 Yr. CAGR %	4.81	5.63	8.67	8.47	2.71
Total Assets, 2 Yr. CAGR %	2.59	-11.83	9.5	29.91	12.69
Tangible Book Value, 2 Yr. CAGR %	-2.06	0.76	-0.69	-7.11	-7.57
Common Equity, 2 Yr. CAGR %	-2	1.55	0.15	-6.8	-7.21
Cash From Operations, 2 Yr. CAGR %	32.45	148.61	-46.29	-35.7	96.52
Capital Expenditures, 2 Yr. CAGR %	6.04	35.94	44.02	16.28	-18.72
Levered Free Cash Flow, 2 Yr. CAGR %	-74.35	-52.47	93.01	175.56	-26.74
Unlevered Free Cash Flow, 2 Yr. CAGR %	-68.58	-68.85	49.97	110.2	5.27
Dividend Per Share, 2 Yr. CAGR %	-	0	0	-24.41	-24.41
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-7.91	1.85	2.98	7.56	-0.41
Gross Profit, 3 Yr. CAGR %	-4.71	3.64	2.55	4.81	-2.18
EBITDA, 3 Yr. CAGR %	-4.74	1.89	-1.55	17	-10.6
EBITA, 3 Yr. CAGR %	-8.03	-2.72	-7.35	9.7	-22.98
EBIT, 3 Yr. CAGR %	-8.03	-2.72	-7.35	9.7	-22.98
Earnings From Cont. Operations, 3 Yr. CAGR %	-4.73	20.85	-14.24	-42.19	-59.85
Net Income, 3 Yr. CAGR %	-4.73	20.85	-14.24	-42.19	-59.85
Normalized Net Income, 3 Yr. CAGR %	-4.76	-1.82	-11.41	3.92	-41.5
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-14.24	-42.19	-59.85
Accounts Receivable, 3 Yr. CAGR %	3.64	-5.74	1.07	-3.33	9.77
Inventory, 3 Yr. CAGR %	-11.21	-10.11	-3.47	19.51	22.55
Net Property, Plant and Equip., 3 Yr. CAGR %	5.31	4.91	7.83	7.33	5.83
Total Assets, 3 Yr. CAGR %	-1.58	-2	1.39	14.7	19.41
Tangible Book Value, 3 Yr. CAGR %	0.15	-0.2	-1.14	-3.67	-6.67
Common Equity, 3 Yr. CAGR %	0.15	0.34	-0.56	-2.97	-6.36
Cash From Operations, 3 Yr. CAGR %	42.49	35.09	8.26	-16.55	-7.45
Capital Expenditures, 3 Yr. CAGR %	10.9	19.97	35.65	27.58	-3.73
Levered Free Cash Flow, 3 Yr. CAGR %	-14.21	-64.13	-33.23	106.94	19.65
Unlevered Free Cash Flow, 3 Yr. CAGR %	-13.21	-71.92	-24.35	67.33	32.96
Dividend Per Share, 3 Yr. CAGR %	-	-	0	-17.02	-17.02
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-2.15	0.08	-0.9	0.41	2.57
Gross Profit, 5 Yr. CAGR %	-1.9	1.57	1.36	0.03	0.86
EBITDA, 5 Yr. CAGR %	0.56	0.79	-1.56	0.63	-0.72
EBITA, 5 Yr. CAGR %	-3.23	-4.18	-7.38	-7.78	-8.38
EBIT, 5 Yr. CAGR %	-3.23	-4.18	-7.38	-7.78	-8.38
Earnings From Cont. Operations, 5 Yr. CAGR %	-8.2	6.63	-9.72	-28.54	-35.96
Net Income, 5 Yr. CAGR %	-8.2	6.63	-9.72	-28.54	-35.96
Normalized Net Income, 5 Yr. CAGR %	-7.53	-5.33	-7	-16.79	-20.84
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-35.96
Accounts Receivable, 5 Yr. CAGR %	1.18	-3.4	0.41	4.34	-1.83
Inventory, 5 Yr. CAGR %	-5.76	-9.94	1.79	6.68	-0.99
Net Property, Plant and Equip., 5 Yr. CAGR %	12.55	5.2	6.64	6.32	5.75
Total Assets, 5 Yr. CAGR %	1.47	-3.04	2.71	9.69	5.76
Tangible Book Value, 5 Yr. CAGR %	-0.02	-0.72	-0.19	-3.03	-3.77
Common Equity, 5 Yr. CAGR %	0.02	-0.39	0.15	-2.58	-3.27
Cash From Operations, 5 Yr. CAGR %	79.99	39.05	-3.55	0.38	37.42
Capital Expenditures, 5 Yr. CAGR %	8.55	24.68	23.12	18.48	10.52
Levered Free Cash Flow, 5 Yr. CAGR %	-19.46	-33.33	-10.21	-32.07	-30.71
Unlevered Free Cash Flow, 5 Yr. CAGR %	-10.05	-41.01	-8.13	-27.1	-13.66
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-10.59