Cash flow Creotech Instruments S.A.

Equities

CRI

PLCRTCH00017

Aerospace & Defense

Market Closed - Warsaw S.E. Other stock markets 11:55:45 2024-09-06 am EDT			5-day change	1st Jan Change
189.00 ^PLN	+0.80%		+11.18%	-0.53%

Jun. 12	Creotech Instruments Inks Deal with Exolaunch	CI
May. 29	Creotech Instruments S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

7e2a0de9057904.LXAvO6RlJb1msHBaigrGlFTwRv5i6j3d8K0KPj6rPVk.eAFOCe83dsgC_BkSulP11mPHF6kkn3HukcZwXW3ABGFBKGJf9AxV-VCEBw

Published financial data: CREOTECH INSTRUMENTS S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022
Revenues	29.24M	33.05M	20.71M
Total Revenues	29.24M	33.05M	20.71M
Cost of Goods Sold, Total	6.02M	7.72M	10.18M
Gross Profit	23.22M	25.33M	10.53M
Selling General & Admin Expenses, Total	24.04M	30.48M	26.79M
Provision for Bad Debts	0	6.96K	2.1K
Depreciation & Amortization - (IS)	1.52M	2.1M	4.17M
Other Operating Expenses	-4.54M	-6.62M	-12.17M
Other Operating Expenses, Total	21.02M	25.97M	18.8M
Operating Income	2.2M	-640K	-8.27M
Interest Expense, Total	-97.55K	-151K	-406K
Interest And Investment Income	1.38K	48	544K
Net Interest Expenses	-96.18K	-151K	138K
Currency Exchange Gains (Loss)	216K	-433K	4.68K
Other Non Operating Income (Expenses)	-84.1K	-119K	-214K
EBT, Excl. Unusual Items	2.23M	-1.34M	-8.34M
Gain (Loss) On Sale Of Assets	14.51K	89.48K	37.57K
Asset Writedown	-18.93K	-	-442K
Other Unusual Items	6.64K	1.53M	452
EBT, Incl. Unusual Items	2.23M	281K	-8.74M
Income Tax Expense	458K	-194K	-1.71M
Earnings From Continuing Operations	1.78M	475K	-7.03M
Net Income to Company	1.78M	475K	-7.03M
Net Income - (IS)	1.78M	475K	-7.03M
Net Income to Common Incl Extra Items	1.78M	475K	-7.03M
Net Income to Common Excl. Extra Items	1.78M	475K	-7.03M
Per Share Items
Net EPS - Basic	1.27	0.3	-3.55
Basic EPS - Continuing Operations	1.27	0.3	-3.55
Basic Weighted Average Shares Outstanding	1.4M	1.59M	1.98M
Net EPS - Diluted	1.27	0.3	-3.55
Diluted EPS - Continuing Operations	1.27	0.3	-3.55
Diluted Weighted Average Shares Outstanding	1.4M	1.59M	1.98M
Normalized Basic EPS	1	-0.53	-2.63
Normalized Diluted EPS	1	-0.53	-2.63
Supplemental Items
EBITDA	3.72M	1.46M	-4.1M
EBITA	2.2M	-640K	-8.27M
EBIT	2.2M	-640K	-8.27M
Total Revenues (As Reported)	28.97M	33.36M	21.7M
Effective Tax Rate - (Ratio)	20.5	-68.98	19.56
Normalized Net Income	1.39M	-839K	-5.21M

Fiscal Period: December	2020	2021	2022
Assets
Cash And Equivalents	6.36M	11.86M	26.1M
Short Term Investments	6K	-	-
Total Cash And Short Term Investments	6.37M	11.86M	26.1M
Accounts Receivable, Total	4.88M	6.57M	4.76M
Other Receivables	1.27M	1.04M	3.85M
Total Receivables	6.15M	7.61M	8.61M
Inventory	3.1M	4.62M	9.21M
Other Current Assets, Total	75.36K	313K	746K
Total Current Assets	15.69M	24.4M	44.66M
Gross Property Plant And Equipment	6.91M	10.03M	11.85M
Accumulated Depreciation	-1.88M	-2.88M	-4.48M
Net Property Plant And Equipment	5.02M	7.15M	7.37M
Long-term Investments	10K	10K	10K
Other Intangibles, Total	7.58M	9.6M	14.43M
Deferred Tax Assets Long-Term	380K	874K	3.34M
Deferred Charges Long-Term	1.99M	3.84M	6.77M
Other Long-Term Assets, Total	-	110K	101K
Total Assets	30.67M	45.98M	76.68M
Liabilities
Accounts Payable, Total	5.68M	5.06M	3.4M
Accrued Expenses, Total	509K	846K	1.35M
Short-term Borrowings	3.22M	-	-
Current Portion of Long-Term Debt	-	4.65M	155K
Current Portion of Leases	119K	119K	631K
Current Income Taxes Payable	711K	1.19M	1.98M
Unearned Revenue Current, Total	3.49M	912K	3.99M
Other Current Liabilities	424K	633K	1.25M
Total Current Liabilities	14.16M	13.41M	12.74M
Long-Term Debt	-	148K	-
Long-Term Leases	503K	384K	2.07M
Unearned Revenue Non Current	8.61M	13.28M	12.04M
Pension & Other Post Retirement Benefits	-	24.34K	79.75K
Deferred Tax Liability Non Current	213K	540K	1.3M
Total Liabilities	23.48M	27.78M	28.22M
Common Stock, Total	140K	159K	198K
Additional Paid In Capital	8.42M	18.93M	56.18M
Retained Earnings	-1.36M	-889K	-7.92M
Total Common Equity	7.2M	18.2M	48.46M
Total Equity	7.2M	18.2M	48.46M
Total Liabilities And Equity	30.67M	45.98M	76.68M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.4M	1.59M	1.98M
ECS Total Common Shares Outstanding	1.4M	1.59M	1.98M
Book Value / Share	5.14	11.47	24.44
Tangible Book Value	-381K	8.6M	34.02M
Tangible Book Value Per Share	-0.27	5.42	17.16
Total Debt	3.84M	5.3M	2.85M
Net Debt	-2.53M	-6.56M	-23.25M
Equity Method Investments, Total	10K	10K	10K
Account Code - Inventory Valuation	-	5	5
Inventories - Raw Materials, Total	634K	3.45M	6.27M
Inventories - Work In Process, Total	766K	528K	1.23M
Inventories - Finished Goods, Total	316K	622K	1.61M
Inventories - Others	1.38M	14.48K	100K
Buildings, Total	392K	556K	556K
Machinery, Total	3.9M	9.07M	10.28M
Full Time Employees	-	149	180

Fiscal Period: December	2020	2021	2022
Net Income	1.78M	475K	-7.03M
Depreciation & Amortization - CF	1.52M	2.1M	4.17M
Depreciation & Amortization, Total	1.52M	2.1M	4.17M
(Gain) Loss From Sale Of Asset	14.51K	-83.44K	-37.57K
Asset Writedown & Restructuring Costs	-	-1.52M	442K
Other Operating Activities, Total	123K	254K	140K
Change In Accounts Receivable	-1.01M	-1.46M	-1M
Change In Inventories	956K	-1.52M	-4.59M
Change in Other Net Operating Assets	-3.86M	-9.56M	-8.88M
Cash from Operations	-479K	-11.32M	-16.8M
Capital Expenditure	-7.08M	-8.18M	-11.72M
Sale of Property, Plant, and Equipment	798K	2.4K	2.26M
Cash from Investing	-6.28M	-8.18M	-9.46M
Long-Term Debt Issued, Total	3.43M	7.46M	6.01M
Total Debt Issued	3.43M	7.46M	6.01M
Long-Term Debt Repaid, Total	-2.02M	-4.48M	-11.51M
Total Debt Repaid	-2.02M	-4.48M	-11.51M
Issuance of Common Stock	-	10.53M	37.29M
Other Financing Activities, Total	8.79M	11.51M	8.69M
Cash from Financing	10.2M	25.02M	40.47M
Net Change in Cash	3.44M	5.52M	14.22M
Supplemental Items
Cash Interest Paid	151K	228K	406K
Levered Free Cash Flow	-	-11.97M	-15.69M
Unlevered Free Cash Flow	-	-11.88M	-15.43M
Change In Net Working Capital	-	5.4M	2.71M
Net Debt Issued / Repaid	1.41M	2.98M	-5.5M

Fiscal Period: December	2020	2021	2022
Profitability
Return on Assets	-	-1.04	-8.42
Return on Total Capital	-	-2.32	-13.81
Return On Equity %	-	3.74	-21.1
Return on Common Equity	-	3.74	-21.1
Margin Analysis
Gross Profit Margin %	79.42	76.64	50.83
SG&A Margin	82.25	92.23	129.36
EBITDA Margin %	12.72	4.41	-19.8
EBITA Margin %	7.51	-1.94	-39.91
EBIT Margin %	7.51	-1.94	-39.91
Income From Continuing Operations Margin %	6.07	1.44	-33.94
Net Income Margin %	6.07	1.44	-33.94
Net Avail. For Common Margin %	6.07	1.44	-33.94
Normalized Net Income Margin	4.77	-2.54	-25.16
Levered Free Cash Flow Margin	-	-36.23	-75.72
Unlevered Free Cash Flow Margin	-	-35.94	-74.5
Asset Turnover
Asset Turnover	-	0.86	0.34
Fixed Assets Turnover	-	5.43	2.85
Receivables Turnover (Average Receivables)	-	5.77	3.66
Inventory Turnover (Average Inventory)	-	2	1.47
Short Term Liquidity
Current Ratio	1.11	1.82	3.5
Quick Ratio	0.88	1.45	2.72
Operating Cash Flow to Current Liabilities	-0.03	-0.84	-1.32
Days Sales Outstanding (Average Receivables)	-	63.22	99.82
Days Outstanding Inventory (Average Inventory)	-	182.36	247.7
Average Days Payable Outstanding	-	212.24	104.48
Cash Conversion Cycle (Average Days)	-	33.33	243.04
Long Term Solvency
Total Debt/Equity	53.35	29.1	5.89
Total Debt / Total Capital	34.79	22.54	5.56
LT Debt/Equity	6.98	2.92	4.27
Long-Term Debt / Total Capital	4.55	2.26	4.03
Total Liabilities / Total Assets	76.54	60.42	36.81
EBIT / Interest Expense	22.5	-4.23	-20.37
EBITDA / Interest Expense	38.11	9.64	-10.11
(EBITDA - Capex) / Interest Expense	-34.41	-44.45	-38.98
Total Debt / EBITDA	1.03	3.64	-0.7
Net Debt / EBITDA	-0.68	-4.5	5.67
Total Debt / (EBITDA - Capex)	-1.14	-0.79	-0.18
Net Debt / (EBITDA - Capex)	0.75	0.98	1.47
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	13.04	-37.32
Gross Profit, 1 Yr. Growth %	-	9.08	-58.43
EBITDA, 1 Yr. Growth %	-	-60.82	-365.23
EBITA, 1 Yr. Growth %	-	-129.13	1.4K
EBIT, 1 Yr. Growth %	-	-129.13	1.4K
Earnings From Cont. Operations, 1 Yr. Growth %	-	-73.25	-1.58K
Net Income, 1 Yr. Growth %	-	-73.25	-1.58K
Normalized Net Income, 1 Yr. Growth %	-	-160.2	565.02
Diluted EPS Before Extra, 1 Yr. Growth %	-	-76.37	-1.29K
Accounts Receivable, 1 Yr. Growth %	-	34.77	-27.59
Inventory, 1 Yr. Growth %	-	49.09	99.46
Net Property, Plant and Equip., 1 Yr. Growth %	-	42.39	2.97
Total Assets, 1 Yr. Growth %	-	49.92	66.76
Tangible Book Value, 1 Yr. Growth %	-	-2.36K	295.67
Common Equity, 1 Yr. Growth %	-	152.94	166.24
Cash From Operations, 1 Yr. Growth %	-	2.26K	48.36
Capital Expenditures, 1 Yr. Growth %	-	15.59	43.31
Levered Free Cash Flow, 1 Yr. Growth %	-	-	31.64
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	30.55
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-15.83
Gross Profit, 2 Yr. CAGR %	-	-	-32.66
EBITDA, 2 Yr. CAGR %	-	-	5.03
EBITA, 2 Yr. CAGR %	-	-	94.05
EBIT, 2 Yr. CAGR %	-	-	94.05
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	99
Net Income, 2 Yr. CAGR %	-	-	99
Normalized Net Income, 2 Yr. CAGR %	-	-	93.31
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	67.38
Accounts Receivable, 2 Yr. CAGR %	-	-	-1.21
Inventory, 2 Yr. CAGR %	-	-	72.44
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	21.09
Total Assets, 2 Yr. CAGR %	-	-	58.11
Tangible Book Value, 2 Yr. CAGR %	-	-	844.85
Common Equity, 2 Yr. CAGR %	-	-	159.51
Cash From Operations, 2 Yr. CAGR %	-	-	492.31
Capital Expenditures, 2 Yr. CAGR %	-	-	28.71