Cash flow Fasadgruppen Group AB

Equities

FG

SE0015195771

Construction & Engineering

Real-time Estimate Cboe Europe Other stock markets 05:03:58 2024-09-18 am EDT			5-day change	1st Jan Change
43.62 ^SEK	-0.74%		-3.00%	-37.84%

Aug. 15	Transcript : Fasadgruppen Group AB, H1 2024 Earnings Call, Aug 15, 2024
Aug. 15	Tranche Update on Fasadgruppen Group AB (OM:FG)'s Equity Buyback Plan announced on November 13, 2023.	CI

da462d2bf78441a.Dhh6s3verX-PZoqKCx0gAvnIKjFYeRq_il56iPnu2SQ.TF0W_BOnxCrsNcncTkwSQKzlUH8JSH_F-jgAzcirsRdXejbQOp2dDN1exw

Published financial data: FASADGRUPPEN GROUP AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.02B	1.34B	2.68B	4.55B	5.11B
Other Revenues, Total	-	-	-100K	-	-
Total Revenues	1.02B	1.34B	2.68B	4.55B	5.11B
Cost of Goods Sold, Total	521M	672M	1.36B	2.43B	2.68B
Gross Profit	498M	668M	1.31B	2.12B	2.43B
Selling General & Admin Expenses, Total	309M	436M	827M	1.35B	1.57B
Depreciation & Amortization - (IS)	15.8M	28.5M	74.5M	119M	119M
Other Operating Expenses	54.3M	80M	134M	253M	322M
Other Operating Expenses, Total	379M	545M	1.04B	1.72B	2.01B
Operating Income	118M	123M	278M	400M	422M
Interest Expense, Total	-12.7M	-13.2M	-16.6M	-33M	-96.6M
Interest And Investment Income	600K	-	100K	1.1M	9.6M
Net Interest Expenses	-12.1M	-13.2M	-16.5M	-31.9M	-87M
Currency Exchange Gains (Loss)	-	-	-	-2.5M	-1.8M
Other Non Operating Income (Expenses)	200K	-	-4.9M	-3.9M	-2.7M
EBT, Excl. Unusual Items	106M	110M	257M	362M	331M
Merger & Related Restructuring Charges	-	-	-18.2M	-15.5M	-2.2M
Impairment of Goodwill	2.7M	-	-	-	-
Other Unusual Items	-	4.2M	-	-	-26.9M
EBT, Incl. Unusual Items	109M	114M	239M	346M	302M
Income Tax Expense	23.3M	24.6M	53M	74.4M	82.7M
Earnings From Continuing Operations	85.9M	89.6M	186M	272M	219M
Net Income to Company	85.9M	89.6M	186M	272M	219M
Net Income - (IS)	85.9M	89.6M	186M	272M	219M
Net Income to Common Incl Extra Items	85.9M	89.6M	186M	272M	219M
Net Income to Common Excl. Extra Items	85.9M	89.6M	186M	272M	219M
Per Share Items
Net EPS - Basic	3.81	2.7	4.1	5.62	4.42
Basic EPS - Continuing Operations	3.81	2.7	4.1	5.62	4.42
Basic Weighted Average Shares Outstanding	22.55M	33.12M	45.24M	48.36M	49.62M
Net EPS - Diluted	3.67	2.65	4.1	5.62	4.42
Diluted EPS - Continuing Operations	3.67	2.65	4.1	5.62	4.42
Diluted Weighted Average Shares Outstanding	23.39M	33.88M	45.24M	48.36M	49.62M
Normalized Basic EPS	2.95	2.08	3.55	4.68	4.17
Normalized Diluted EPS	2.85	2.03	3.55	4.68	4.17
Dividend Per Share	-	0.6	1.2	1.7	1.7
Payout Ratio	-	-	14.59	21.44	38.5
Supplemental Items
EBITDA	125M	136M	316M	468M	471M
EBITA	118M	130M	302M	438M	440M
EBIT	118M	123M	278M	400M	422M
EBITDAR	143M	184M	384M	625M	620M
Total Revenues (As Reported)	1.04B	1.38B	2.73B	4.73B	5.17B
Effective Tax Rate - (Ratio)	21.34	21.54	22.2	21.48	27.39
Total Current Taxes	24.4M	42.4M	56.2M	86.4M	62M
Total Deferred Taxes	-1M	-17.8M	-3.2M	-12M	20.7M
Normalized Net Income	66.56M	68.75M	161M	226M	207M
Interest on Long-Term Debt	943K	1.2M	2.3M	2.9M	3.8M
Supplemental Operating Expense Items
Net Rental Expense, Total	17.8M	47.8M	67.8M	158M	149M
Imputed Operating Lease Interest Expense	3.34M	7.97M	9.57M	28.85M	67.14M
Imputed Operating Lease Depreciation	14.46M	39.83M	58.23M	129M	82.06M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	48.4M	409M	272M	453M	468M
Total Cash And Short Term Investments	48.4M	409M	272M	453M	468M
Accounts Receivable, Total	189M	260M	533M	914M	937M
Other Receivables	10.6M	18.4M	61.4M	92.1M	89.4M
Total Receivables	199M	278M	594M	1.01B	1.03B
Inventory	4.1M	6.5M	16M	25.5M	29.4M
Prepaid Expenses	3.2M	6.9M	12.2M	9.8M	12.6M
Other Current Assets, Total	800K	1.1M	600K	1.8M	2.6M
Total Current Assets	256M	702M	895M	1.5B	1.54B
Gross Property Plant And Equipment	93.8M	158M	280M	400M	497M
Accumulated Depreciation	-14.7M	-30.2M	-65.7M	-118M	-186M
Net Property Plant And Equipment	79.1M	127M	215M	282M	311M
Long-term Investments	900K	500K	1.3M	500K	600K
Goodwill	634M	1.26B	1.95B	2.84B	2.92B
Other Intangibles, Total	800K	134M	279M	426M	434M
Deferred Tax Assets Long-Term	-	200K	1.4M	1.8M	5M
Other Long-Term Assets, Total	100K	500K	1M	2M	6.2M
Total Assets	971M	2.22B	3.35B	5.05B	5.21B
Liabilities
Accounts Payable, Total	64.5M	88.5M	180M	356M	386M
Accrued Expenses, Total	110M	156M	249M	187M	248M
Current Portion of Long-Term Debt	297M	131M	115M	139M	109M
Current Portion of Leases	10.8M	19.9M	34.7M	64.8M	65.8M
Current Income Taxes Payable	-	31.3M	41M	43.6M	25M
Unearned Revenue Current, Total	27.6M	29.8M	67.6M	81.1M	110M
Other Current Liabilities	38.3M	15.8M	148M	241M	268M
Total Current Liabilities	548M	472M	835M	1.11B	1.21B
Long-Term Debt	199M	514M	912M	1.42B	1.43B
Long-Term Leases	35.8M	59.2M	96.5M	102M	102M
Pension & Other Post Retirement Benefits	-	300K	100K	400K	400K
Deferred Tax Liability Non Current	1M	30.3M	74.5M	123M	146M
Other Non Current Liabilities	36.6M	100M	158M	198M	138M
Total Liabilities	820M	1.18B	2.08B	2.96B	3.03B
Common Stock, Total	1.2M	2.3M	2.3M	2.5M	2.5M
Additional Paid In Capital	34M	845M	887M	1.42B	1.42B
Retained Earnings	116M	200M	380M	666M	713M
Comprehensive Income and Other	-	-100K	-	100K	43M
Total Common Equity	151M	1.05B	1.27B	2.09B	2.18B
Total Equity	151M	1.05B	1.27B	2.09B	2.18B
Total Liabilities And Equity	971M	2.22B	3.35B	5.05B	5.21B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	23.64M	45.13M	48.45M	49.62M	49.56M
ECS Total Common Shares Outstanding	23.64M	45.13M	45.39M	49.62M	49.56M
Book Value / Share	6.38	23.19	27.97	42.17	44.04
Tangible Book Value	-484M	-346M	-963M	-1.18B	-1.17B
Tangible Book Value Per Share	-20.49	-7.66	-21.21	-23.68	-23.58
Total Debt	543M	724M	1.16B	1.73B	1.71B
Net Debt	494M	315M	886M	1.27B	1.24B
Debt Equivalent Oper. Leases	142M	382M	542M	1.26B	1.19B
Account Code - Inventory Valuation	5	5	5	5	5
Buildings, Total	6.4M	900K	2.8M	3.2M	3.3M
Machinery, Total	26.7M	50.4M	92.7M	149M	194M
Full Time Employees	723	812	1.48K	1.98K	2.07K
Accumulated Allowance for Doubtful Accounts (Supple)	2.1M	8.7M	11.9M	14.1M	18.6M
Order Backlog	-	-	-	2.98B	2.87B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	85.9M	89.6M	186M	272M	219M
Depreciation & Amortization - CF	15.8M	21.7M	56.7M	74.2M	101M
Amortization of Goodwill and Intangible Assets - (CF)	-	6.8M	23.5M	37.9M	17.8M
Depreciation & Amortization, Total	15.8M	28.5M	80.2M	112M	119M
(Gain) Loss From Sale Of Asset	-	-	-	-	5.7M
Asset Writedown & Restructuring Costs	-2.7M	100K	-5.7M	7.3M	400K
Other Operating Activities, Total	7.2M	-7.4M	-24.5M	-33.3M	61M
Change In Accounts Receivable	-	52.7M	-57.2M	-156M	5.8M
Change In Inventories	-	-1.1M	7.8M	2.7M	1.9M
Change in Other Net Operating Assets	-26.5M	-37.2M	15.4M	108M	116M
Cash from Operations	79.7M	125M	202M	313M	529M
Capital Expenditure	-9.6M	-25.8M	-47.2M	-57.1M	-99.4M
Sale of Property, Plant, and Equipment	-	11.5M	-	-	-
Cash Acquisitions	-51.5M	-466M	-622M	-917M	-113M
Investment in Marketable and Equity Securities, Total	1.3M	-400K	200K	700K	-4.3M
Cash from Investing	-59.8M	-481M	-669M	-973M	-216M
Long-Term Debt Issued, Total	55.1M	911M	1.37B	791M	1.93B
Total Debt Issued	55.1M	911M	1.37B	791M	1.93B
Long-Term Debt Repaid, Total	-71.5M	-572M	-1.03B	-312M	-2.13B
Total Debt Repaid	-71.5M	-572M	-1.03B	-312M	-2.13B
Issuance of Common Stock	600K	379M	-	410M	-
Common Dividends Paid	-	-	-27.1M	-58.3M	-84.4M
Common & Preferred Stock Dividends Paid	-	-	-27.1M	-58.3M	-84.4M
Other Financing Activities, Total	2.4M	-	7.9M	1.7M	600K
Cash from Financing	-13.4M	718M	326M	832M	-284M
Foreign Exchange Rate Adjustments	-	-1.8M	3.9M	9.2M	-13.5M
Miscellaneous Cash Flow Adjustments	-	-	100K	-	-
Net Change in Cash	6.5M	361M	-138M	181M	14.9M
Supplemental Items
Cash Interest Paid	5.2M	9.7M	8.8M	31.2M	66.7M
Cash Income Tax Paid (Refund)	23.5M	9.4M	75.7M	74.3M	81.3M
Levered Free Cash Flow	89.36M	67.65M	230M	88.54M	323M
Unlevered Free Cash Flow	97.3M	75.9M	241M	109M	383M
Change In Net Working Capital	-17.1M	3.8M	-33.6M	196M	-99.5M
Net Debt Issued / Repaid	-16.4M	339M	345M	479M	-200M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	8.76	4.82	6.25	5.96	5.15
Return on Total Capital	11.71	6.25	8.29	8.01	6.85
Return On Equity %	95.6	14.97	16.03	16.17	10.26
Return on Common Equity	95.6	14.97	16.03	16.17	10.26
Margin Analysis
Gross Profit Margin %	48.84	49.83	49.12	46.6	47.54
SG&A Margin	30.34	32.54	30.91	29.62	30.64
EBITDA Margin %	12.25	10.13	11.81	10.28	9.22
EBITA Margin %	11.62	9.7	11.28	9.63	8.62
EBIT Margin %	11.62	9.19	10.4	8.8	8.27
Income From Continuing Operations Margin %	8.43	6.68	6.94	5.98	4.29
Net Income Margin %	8.43	6.68	6.94	5.98	4.29
Net Avail. For Common Margin %	8.43	6.68	6.94	5.98	4.29
Normalized Net Income Margin	6.53	5.13	6	4.97	4.05
Levered Free Cash Flow Margin	8.77	5.05	8.6	1.95	6.32
Unlevered Free Cash Flow Margin	9.55	5.66	8.99	2.4	7.5
Asset Turnover
Asset Turnover	1.21	0.84	0.96	1.08	1
Fixed Assets Turnover	15.64	12.98	15.65	18.31	17.23
Receivables Turnover (Average Receivables)	6.66	5.98	6.75	6.29	5.52
Inventory Turnover (Average Inventory)	182.91	126.89	121.04	117.04	97.66
Short Term Liquidity
Current Ratio	0.47	1.49	1.07	1.34	1.27
Quick Ratio	0.45	1.45	1.04	1.31	1.23
Operating Cash Flow to Current Liabilities	0.15	0.26	0.24	0.28	0.44
Days Sales Outstanding (Average Receivables)	54.84	61.2	54.06	58.06	66.08
Days Outstanding Inventory (Average Inventory)	2	2.88	3.02	3.12	3.74
Average Days Payable Outstanding	38.92	41.49	35.79	40.18	50.46
Cash Conversion Cycle (Average Days)	17.92	22.6	21.28	20.99	19.36
Long Term Solvency
Total Debt/Equity	360.12	69.18	91.17	82.53	78.26
Total Debt / Total Capital	78.27	40.89	47.69	45.22	43.9
LT Debt/Equity	155.87	54.74	79.41	72.79	70.26
Long-Term Debt / Total Capital	33.88	32.36	41.54	39.88	39.41
Total Liabilities / Total Assets	84.48	52.92	62.05	58.56	58.13
EBIT / Interest Expense	9.32	9.33	16.77	12.12	4.37
EBITDA / Interest Expense	10.57	11.49	21.6	15.52	5.6
(EBITDA - Capex) / Interest Expense	9.81	9.54	18.75	13.79	4.58
Total Debt / EBITDA	4.04	4.77	3.23	3.37	3.15
Net Debt / EBITDA	3.68	2.07	2.47	2.49	2.29
Total Debt / (EBITDA - Capex)	4.36	5.75	3.72	3.79	3.86
Net Debt / (EBITDA - Capex)	3.97	2.5	2.85	2.8	2.81
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	74.59	31.54	99.66	69.93	12.36
Gross Profit, 1 Yr. Growth %	71.83	34.2	96.81	61.22	14.61
EBITDA, 1 Yr. Growth %	82.06	8.9	132.7	56.89	6.73
EBITA, 1 Yr. Growth %	89.74	7.35	132.15	54.28	7
EBIT, 1 Yr. Growth %	89.74	1.73	125.89	53.83	13.09
Earnings From Cont. Operations, 1 Yr. Growth %	105.26	4.31	107.25	46.42	-19.38
Net Income, 1 Yr. Growth %	105.26	4.31	107.25	46.42	-19.38
Normalized Net Income, 1 Yr. Growth %	99.44	0.73	133.55	51.57	-1.28
Diluted EPS Before Extra, 1 Yr. Growth %	56.31	-27.79	54.88	36.93	-21.39
Accounts Receivable, 1 Yr. Growth %	60.6	37.57	105.35	71.37	2.52
Inventory, 1 Yr. Growth %	156.25	58.54	146.15	59.38	15.29
Net Property, Plant and Equip., 1 Yr. Growth %	54.49	60.73	68.66	31.35	10.32
Total Assets, 1 Yr. Growth %	35.24	128.9	50.52	50.93	3.22
Tangible Book Value, 1 Yr. Growth %	3.33	-28.61	178.45	22.1	-0.57
Common Equity, 1 Yr. Growth %	419.66	594.43	21.31	64.82	4.29
Cash From Operations, 1 Yr. Growth %	23.57	57.09	61.1	55.08	69.15
Capital Expenditures, 1 Yr. Growth %	178.26	168.75	82.95	20.97	74.08
Levered Free Cash Flow, 1 Yr. Growth %	-	-23.48	237.42	-59.59	348.33
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-21.17	216.91	-52.43	313.67
Dividend Per Share, 1 Yr. Growth %	-	-	100	41.67	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	51.54	62.06	84.2	38.18
Gross Profit, 2 Yr. CAGR %	-	51.85	62.52	78.13	35.93
EBITDA, 2 Yr. CAGR %	-	40.75	59.19	85.58	25.68
EBITA, 2 Yr. CAGR %	-	44.34	57.87	83.55	24.54
EBIT, 2 Yr. CAGR %	-	40.51	51.59	80.21	27.45
Earnings From Cont. Operations, 2 Yr. CAGR %	-	46.32	47.03	74.2	8.65
Net Income, 2 Yr. CAGR %	-	46.32	47.03	74.2	8.65
Normalized Net Income, 2 Yr. CAGR %	-	43.52	53.38	81.36	17.76
Diluted EPS Before Extra, 2 Yr. CAGR %	-	6.24	5.75	45.63	3.75
Accounts Receivable, 2 Yr. CAGR %	-	48.64	68.08	87.6	32.55
Inventory, 2 Yr. CAGR %	-	101.56	97.55	98.07	35.55
Net Property, Plant and Equip., 2 Yr. CAGR %	-	57.68	64.65	48.84