Cash flow Enghouse Systems Limited

Equities

ENGH

CA2929491041

Software

Market Closed - Toronto S.E. Other stock markets 04:00:00 2025-01-24 pm EST			5-day change	1st Jan Change
27.63 ^CAD	-0.68%		+1.88%	+1.99%

Dec. 16	Enghouse Acquires AI Software Company Aculab PLC	MT
Dec. 16	Enghouse Systems Brief: Acquiring Aculab PLC; No Financial Details Given	MT

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Published financial data: ENGHOUSE SYSTEMS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2020	2021	2022	2023	2024
Revenues	504M	467M	428M	454M	503M
Total Revenues	504M	467M	428M	454M	503M
Cost of Goods Sold, Total	145M	130M	130M	150M	176M
Gross Profit	359M	338M	297M	304M	327M
Selling General & Admin Expenses, Total	102M	91.84M	84.6M	90.89M	94.3M
R&D Expenses	79.76M	77.2M	72.26M	79.33M	88.83M
Depreciation & Amortization - (IS)	13.32M	12.37M	10.55M	9.22M	8.33M
Amortization of Goodwill and Intangible Assets - (IS)	44.14M	42.42M	36.17M	39.6M	40.5M
Other Operating Expenses, Total	239M	224M	204M	219M	232M
Operating Income	119M	114M	93.9M	84.98M	94.95M
Interest Expense, Total	-1.41M	-1.12M	-824K	-858K	-605K
Interest And Investment Income	734K	214K	1.19M	6.26M	10.12M
Net Interest Expenses	-678K	-908K	368K	5.41M	9.52M
Currency Exchange Gains (Loss)	-298K	-2.04M	1.95M	1.27M	-1.68M
Other Non Operating Income (Expenses)	1.7M	-2.45M	423K	-1.95M	89K
EBT, Excl. Unusual Items	120M	108M	96.64M	89.7M	103M
Merger & Related Restructuring Charges	-1.48M	-904K	-403K	-2.48M	-1.61M
Gain (Loss) On Sale Of Investments	2M	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	1.2M	-	-	-	-
EBT, Incl. Unusual Items	122M	107M	96.24M	87.22M	101M
Income Tax Expense	23.2M	14.62M	1.74M	14.98M	19.94M
Earnings From Continuing Operations	98.59M	92.79M	94.5M	72.25M	81.33M
Net Income to Company	98.59M	92.79M	94.5M	72.25M	81.33M
Net Income - (IS)	98.59M	92.79M	94.5M	72.25M	81.33M
Net Income to Common Incl Extra Items	98.59M	92.79M	94.5M	72.25M	81.33M
Net Income to Common Excl. Extra Items	98.59M	92.79M	94.5M	72.25M	81.33M
Per Share Items
Net EPS - Basic	1.79	1.67	1.7	1.31	1.47
Basic EPS - Continuing Operations	1.79	1.67	1.7	1.31	1.47
Basic Weighted Average Shares Outstanding	55.06M	55.45M	55.46M	55.27M	55.35M
Net EPS - Diluted	1.77	1.66	1.7	1.31	1.47
Diluted EPS - Continuing Operations	1.77	1.66	1.7	1.31	1.47
Diluted Weighted Average Shares Outstanding	55.61M	55.88M	55.59M	55.32M	55.36M
Normalized Basic EPS	1.36	1.22	1.09	1.01	1.16
Normalized Diluted EPS	1.35	1.21	1.09	1.01	1.16
Dividend Per Share	0.54	0.64	0.74	0.88	1.04
Payout Ratio	27.34	35.06	40.52	61.96	65.34
Supplemental Items
EBITDA	141M	134M	111M	102M	114M
EBITA	138M	131M	108M	99.78M	112M
EBIT	119M	114M	93.9M	84.98M	94.95M
EBITDAR	144M	136M	112M	104M	116M
Total Revenues (As Reported)	504M	467M	428M	454M	503M
Effective Tax Rate - (Ratio)	19.05	13.61	1.81	17.17	19.69
Total Current Taxes	27.82M	18.01M	20.05M	16.22M	20.13M
Total Deferred Taxes	-4.62M	-3.38M	-18.31M	-1.24M	-195K
Normalized Net Income	75.04M	67.7M	60.4M	56.06M	64.3M
Interest on Long-Term Debt	1.41M	1.12M	824K	858K	556K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	79.76M	77.2M	72.26M	79.33M	88.83M
Net Rental Expense, Total	2.7M	2.2M	1M	1.9M	2M
Imputed Operating Lease Interest Expense	1.41M	583K	290K	808K	824K
Imputed Operating Lease Depreciation	1.29M	1.62M	710K	1.09M	1.18M
Stock-Based Comp., Other (Total)	2.74M	2.03M	1.71M	1.64M	1.19M
Total Stock-Based Compensation	2.74M	2.03M	1.71M	1.64M	1.19M

Fiscal Period: October	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	245M	196M	225M	240M	274M
Short Term Investments	7M	2.94M	2.95M	827K	487K
Total Cash And Short Term Investments	252M	199M	228M	240M	275M
Accounts Receivable, Total	90.79M	89.37M	93.1M	93.38M	92.35M
Other Receivables	-	2.13M	492K	114K	-
Total Receivables	90.79M	91.5M	93.6M	93.5M	92.35M
Prepaid Expenses	14.77M	13.32M	12.85M	15.52M	16.1M
Total Current Assets	357M	304M	334M	349M	383M
Gross Property Plant And Equipment	77.85M	71.16M	70.57M	69.29M	77.04M
Accumulated Depreciation	-28.71M	-38.97M	-46.32M	-53.78M	-61.38M
Net Property Plant And Equipment	49.13M	32.19M	24.25M	15.52M	15.66M
Goodwill	217M	223M	230M	280M	310M
Other Intangibles, Total	124M	102M	85.9M	110M	98.59M
Deferred Tax Assets Long-Term	16.12M	13.93M	30.35M	28.88M	26.23M
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	764M	675M	705M	784M	833M
Liabilities
Accounts Payable, Total	80.34M	71.51M	60.52M	67.77M	70.09M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	9.91M	7.94M	6.82M	6.32M	5.34M
Current Income Taxes Payable	13.24M	-	-	-	5.52M
Unearned Revenue Current, Total	89.93M	80.61M	83.12M	109M	114M
Other Current Liabilities	13.17M	14.48M	13.4M	14.39M	16.23M
Total Current Liabilities	207M	175M	164M	198M	211M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	32.24M	17.66M	13.06M	6.08M	5.74M
Unearned Revenue Non Current	7.02M	9.11M	3.47M	8.17M	8.09M
Pension & Other Post Retirement Benefits	2.86M	2.66M	1.82M	1.91M	2.08M
Deferred Tax Liability Non Current	14.78M	13.39M	12.04M	13.34M	10.5M
Other Non Current Liabilities	3.83M	2.95M	2.58M	1.33M	-
Total Liabilities	267M	220M	197M	228M	238M
Common Stock, Total	99.4M	106M	107M	108M	118M
Additional Paid In Capital	6.58M	7.41M	8.88M	10.4M	9.76M
Retained Earnings	379M	355M	401M	426M	447M
Comprehensive Income and Other	10.96M	-14.58M	-8.97M	10.83M	21.08M
Total Common Equity	496M	454M	508M	555M	596M
Total Equity	496M	454M	508M	555M	596M
Total Liabilities And Equity	764M	675M	705M	784M	833M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	55.35M	55.55M	55.25M	55.26M	55.37M
ECS Total Common Shares Outstanding	55.35M	55.55M	55.25M	55.26M	55.37M
Book Value / Share	8.97	8.18	9.2	10.05	10.76
Tangible Book Value	155M	129M	192M	165M	187M
Tangible Book Value Per Share	2.81	2.33	3.48	2.99	3.38
Total Debt	42.16M	25.6M	19.88M	12.4M	11.09M
Net Debt	-210M	-173M	-208M	-228M	-264M
Debt Equivalent Oper. Leases	21.6M	17.6M	8M	15.2M	16M
Account Code - Inventory Valuation	3	3	-	3	3
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	21.34M	24.83M	26.46M	28.14M	31.42M
Full Time Employees	1.76K	1.81K	1.73K	1.88K	1.93K
Accumulated Allowance for Doubtful Accounts (Supple)	10.3M	8.3M	7.8M	11.9M	16.7M

Fiscal Period: October	2020	2021	2022	2023	2024
Net Income	98.59M	92.79M	94.5M	72.25M	81.33M
Depreciation & Amortization - CF	13.32M	12.37M	10.55M	9.22M	8.33M
Amortization of Goodwill and Intangible Assets - (CF)	18.64M	17.41M	14.21M	14.8M	17.11M
Depreciation & Amortization, Total	31.96M	29.79M	24.76M	24.02M	25.44M
Amortization of Deferred Charges, Total - (CF)	25.5M	25.01M	21.96M	24.8M	23.4M
Stock-Based Compensation (CF)	2.74M	2.03M	1.71M	1.64M	1.19M
Other Operating Activities, Total	-41K	-9.48M	-13.61M	3.84M	8.64M
Change In Accounts Receivable	16.1M	4.69M	-4.1M	16.84M	13.9M
Change In Accounts Payable	-1.05M	-18.95M	-12.95M	-10.23M	-6.23M
Change in Unearned Revenues	-133K	-4.3M	-5.12M	-13.41M	-15.34M
Change In Income Taxes	-2.72M	-5.66M	-2.63M	-3.34M	-3.55M
Change in Other Net Operating Assets	-2.81M	2.54M	-1.34M	-1.11M	3.3M
Cash from Operations	168M	118M	103M	115M	132M
Capital Expenditure	-2.54M	-3.33M	-919K	-1.06M	-1.98M
Cash Acquisitions	-43.91M	-35.63M	-20.11M	-56.17M	-43.28M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	1.38M	1.35M	-60K	-4K	-
Cash from Investing	-45.07M	-37.62M	-21.09M	-57.23M	-45.25M
Long-Term Debt Repaid, Total	-10.35M	-9.63M	-8.24M	-7.19M	-7.03M
Total Debt Repaid	-10.35M	-9.63M	-8.24M	-7.19M	-7.03M
Issuance of Common Stock	14.99M	5.86M	971K	604K	9.08M
Repurchase of Common Stock	-	-	-9.32M	-425K	-5.99M
Common Dividends Paid	-26.96M	-32.54M	-38.29M	-44.76M	-53.14M
Common & Preferred Stock Dividends Paid	-26.96M	-32.54M	-38.29M	-44.76M	-53.14M
Special Dividend Paid	-	-83.2M	-	-	-
Cash from Financing	-22.32M	-120M	-54.87M	-51.78M	-57.08M
Foreign Exchange Rate Adjustments	-734K	-10.24M	1.99M	8.14M	4.97M
Net Change in Cash	100M	-48.9M	29.21M	14.43M	34.71M
Supplemental Items
Cash Income Tax Paid (Refund)	19.76M	27.68M	15.75M	13.95M	11.81M
Levered Free Cash Flow	158M	94.51M	94.52M	134M	122M
Unlevered Free Cash Flow	159M	95.21M	95.04M	134M	123M
Change In Net Working Capital	-26.52M	29.35M	11.16M	-31.56M	-15.3M
Net Debt Issued / Repaid	-10.35M	-9.63M	-8.24M	-7.19M	-7.03M

Fiscal Period: October	2020	2021	2022	2023	2024
Profitability
Return on Assets	11.02	9.88	8.51	7.14	7.34
Return on Total Capital	15.84	13.96	11.64	9.69	10.1
Return On Equity %	21.95	19.52	19.64	13.59	14.13
Return on Common Equity	21.95	19.52	19.64	13.59	14.13
Margin Analysis
Gross Profit Margin %	71.18	72.25	69.57	66.96	65.06
SG&A Margin	20.25	19.66	19.79	20.02	18.77
EBITDA Margin %	28.03	28.71	25.94	22.52	22.77
EBITA Margin %	27.39	28.07	25.28	21.98	22.3
EBIT Margin %	23.69	24.34	21.96	18.72	18.9
Income From Continuing Operations Margin %	19.57	19.86	22.1	15.91	16.18
Net Income Margin %	19.57	19.86	22.1	15.91	16.18
Net Avail. For Common Margin %	19.57	19.86	22.1	15.91	16.18
Normalized Net Income Margin	14.9	14.49	14.13	12.35	12.8
Levered Free Cash Flow Margin	31.34	20.23	22.11	29.41	24.34
Unlevered Free Cash Flow Margin	31.52	20.38	22.23	29.53	24.42
Asset Turnover
Asset Turnover	0.74	0.65	0.62	0.61	0.62
Fixed Assets Turnover	18.18	11.49	15.15	22.84	32.23
Receivables Turnover (Average Receivables)	5.73	5.19	4.69	4.87	5.41
Short Term Liquidity
Current Ratio	1.73	1.74	2.04	1.77	1.81
Quick Ratio	1.66	1.66	1.96	1.69	1.74
Operating Cash Flow to Current Liabilities	0.81	0.68	0.63	0.58	0.63
Days Sales Outstanding (Average Receivables)	63.85	70.38	77.88	74.96	67.64
Average Days Payable Outstanding	180.45	213.78	185.21	156.09	143.68
Long Term Solvency
Total Debt/Equity	8.49	5.64	3.91	2.23	1.86
Total Debt / Total Capital	7.83	5.33	3.76	2.18	1.83
LT Debt/Equity	6.5	3.89	2.57	1.09	0.96
Long-Term Debt / Total Capital	5.99	3.68	2.47	1.07	0.95
Total Liabilities / Total Assets	35.01	32.66	27.92	29.14	28.52
EBIT / Interest Expense	84.53	101.35	113.95	99.04	156.94
EBITDA / Interest Expense	107.16	127.9	144	127.04	198.98
(EBITDA - Capex) / Interest Expense	105.36	124.93	142.89	125.8	195.72
Total Debt / EBITDA	0.28	0.18	0.17	0.11	0.09
Net Debt / EBITDA	-1.39	-1.21	-1.75	-2.09	-2.19
Total Debt / (EBITDA - Capex)	0.28	0.18	0.17	0.11	0.09
Net Debt / (EBITDA - Capex)	-1.41	-1.24	-1.77	-2.11	-2.23
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	30.56	-7.27	-8.47	6.18	10.68
Gross Profit, 1 Yr. Growth %	34.28	-5.87	-11.87	2.2	7.53
EBITDA, 1 Yr. Growth %	43.77	-5.03	-17.32	-7.82	11.9
EBITA, 1 Yr. Growth %	44	-4.97	-17.56	-7.7	12.3
EBIT, 1 Yr. Growth %	46.48	-4.72	-17.43	-9.5	11.73
Earnings From Cont. Operations, 1 Yr. Growth %	39.16	-5.88	1.84	-23.55	12.57
Net Income, 1 Yr. Growth %	39.16	-5.88	1.84	-23.55	12.57
Normalized Net Income, 1 Yr. Growth %	40.51	-12.13	-10.78	-7.18	14.69
Diluted EPS Before Extra, 1 Yr. Growth %	37.21	-6.21	2.41	-23.1	12.39
Accounts Receivable, 1 Yr. Growth %	6.83	-1.56	4.17	0.3	-1.11
Net Property, Plant and Equip., 1 Yr. Growth %	682.37	-34.49	-24.67	-36.02	0.97
Total Assets, 1 Yr. Growth %	29.3	-11.66	4.5	11.16	6.36
Tangible Book Value, 1 Yr. Growth %	101.95	-16.62	48.5	-13.96	13.27
Common Equity, 1 Yr. Growth %	23.44	-8.46	11.85	9.28	7.29
Cash From Operations, 1 Yr. Growth %	106.63	-29.55	-12.9	11.74	14.55
Capital Expenditures, 1 Yr. Growth %	17.87	31.22	-72.43	15.34	86.51
Levered Free Cash Flow, 1 Yr. Growth %	54.27	-40.15	0.01	41.28	-8.4
Unlevered Free Cash Flow, 1 Yr. Growth %	55.06	-40.04	-0.18	41.08	-8.49
Dividend Per Share, 1 Yr. Growth %	22.73	18.52	15.62	18.92	18.18
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	21.22	10.03	-7.87	-1.42	8.41
Gross Profit, 2 Yr. CAGR %	22.38	12.43	-8.92	-5.1	4.83
EBITDA, 2 Yr. CAGR %	24.96	16.85	-11.38	-12.7	1.57
EBITA, 2 Yr. CAGR %	25.19	16.98	-11.49	-12.77	1.81
EBIT, 2 Yr. CAGR %	25.74	18.14	-11.3	-13.55	0.56
Earnings From Cont. Operations, 2 Yr. CAGR %