Cash flow Franchise Brands plc

Equities

FRAN

GB00BD6P7Y24

Entertainment Production

Delayed London S.E. Other stock markets 07:41:02 2024-12-02 am EST			5-day change	1st Jan Change
161.70 ^GBX	-2.00%		-3.75%	+0.12%

Nov. 12	Franchise Brands expects full-year earnings at lower end of guidance	AN
Oct. 23	AIM WINNERS & LOSERS: Cordel gets Network Rail boost	AN

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Published financial data: FRANCHISE BRANDS PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	44.01M	49.29M	57.69M	92.73M	121M
Total Revenues	44.01M	49.29M	57.69M	92.73M	121M
Cost of Goods Sold, Total	27.63M	28.36M	35.76M	61.94M	50.06M
Gross Profit	16.38M	20.92M	21.93M	30.79M	71.2M
Selling General & Admin Expenses, Total	12.45M	16.24M	15.9M	21.91M	54.17M
Other Operating Expenses, Total	12.45M	16.24M	15.9M	21.91M	54.17M
Operating Income	3.93M	4.68M	6.03M	8.89M	17.03M
Interest Expense, Total	-357K	-446K	-292K	-221K	-5.71M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-357K	-446K	-292K	-221K	-5.71M
Currency Exchange Gains (Loss)	-	-	-	-	-146K
EBT, Excl. Unusual Items	3.57M	4.24M	5.74M	8.67M	11.18M
Restructuring Charges	-	-181K	-	-686K	-1.5M
Merger & Related Restructuring Charges	-270K	-	-114K	-1.01M	-3.51M
Asset Writedown	-	-	-	-	-314K
Other Unusual Items	-26K	-375K	150K	1.23M	-835K
EBT, Incl. Unusual Items	3.28M	3.68M	5.78M	8.2M	5.02M
Income Tax Expense	566K	889K	1.54M	1.56M	1.98M
Earnings From Continuing Operations	2.71M	2.79M	4.23M	6.64M	3.04M
Earnings Of Discontinued Operations	-	-	-	1.64M	-
Net Income to Company	2.71M	2.79M	4.23M	8.29M	3.04M
Net Income - (IS)	2.71M	2.79M	4.23M	8.29M	3.04M
Net Income to Common Incl Extra Items	2.71M	2.79M	4.23M	8.29M	3.04M
Net Income to Common Excl. Extra Items	2.71M	2.79M	4.23M	6.64M	3.04M
Per Share Items
Net EPS - Basic	0.03	0.03	0.04	0.07	0.02
Basic EPS - Continuing Operations	0.03	0.03	0.04	0.05	0.02
Basic Weighted Average Shares Outstanding	77.95M	90.46M	95.77M	122M	173M
Net EPS - Diluted	0.03	0.03	0.04	0.07	0.02
Diluted EPS - Continuing Operations	0.03	0.03	0.04	0.05	0.02
Diluted Weighted Average Shares Outstanding	79.14M	92.11M	98.37M	124M	175M
Normalized Basic EPS	0.03	0.03	0.04	0.04	0.04
Normalized Diluted EPS	0.03	0.03	0.04	0.04	0.04
Dividend Per Share	0.01	0.01	0.02	0.02	0.02
Payout Ratio	21.84	18.47	31.68	28.21	2.04K
Supplemental Items
EBITDA	4.37M	5.4M	6.92M	11.12M	25.82M
EBITA	4.19M	5.08M	6.42M	10.39M	24.75M
EBIT	3.93M	4.68M	6.03M	8.89M	17.03M
EBITDAR	4.41M	5.5M	7.07M	11.39M	26.13M
Effective Tax Rate - (Ratio)	17.28	24.14	26.7	18.97	39.45
Total Current Taxes	452K	681K	693K	2.46M	3.84M
Total Deferred Taxes	114K	208K	849K	-504K	-1.86M
Normalized Net Income	2.23M	2.65M	3.59M	5.42M	6.98M
Interest on Long-Term Debt	357K	446K	292K	221K	5.71M
Non-Cash Pension Expense	-	-	-	-	12K
Supplemental Operating Expense Items
General and Administrative Expenses	12.45M	16.24M	15.9M	21.91M	54.17M
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	34K	92K	149K	277K	314K
Imputed Operating Lease Interest Expense	8.99K	31.25K	64.58K	196K	296K
Imputed Operating Lease Depreciation	25.01K	60.75K	84.42K	80.75K	18.27K
Stock-Based Comp., G&A Exp. (Total)	238K	205K	334K	510K	838K
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	238K	205K	334K	510K	838K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.68M	13.2M	9.05M	10.8M	12.28M
Total Cash And Short Term Investments	1.68M	13.2M	9.05M	10.8M	12.28M
Accounts Receivable, Total	15M	13.49M	14.9M	18.59M	28.34M
Other Receivables	1.6M	1.23M	1.37M	2.87M	12.24M
Total Receivables	16.6M	14.72M	16.27M	21.46M	40.58M
Inventory	594K	712K	908K	1.99M	7.06M
Prepaid Expenses	334K	351K	248K	422K	3.22M
Other Current Assets, Total	-	-	-	5.67M	79K
Total Current Assets	19.21M	28.99M	26.48M	40.34M	63.22M
Gross Property Plant And Equipment	7.79M	8.28M	10.01M	10.47M	21.75M
Accumulated Depreciation	-3.01M	-3.63M	-4.68M	-4.69M	-8.93M
Net Property Plant And Equipment	4.78M	4.65M	5.33M	5.78M	12.82M
Long-term Investments	-	-	-	-	-
Goodwill	23.3M	23.3M	24.12M	58.34M	170M
Other Intangibles, Total	11.76M	11.45M	11.15M	26.77M	135M
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Charges Long-Term	-	-	-	402K	427K
Other Long-Term Assets, Total	-	155K	182K	811K	641K
Total Assets	59.05M	68.55M	67.27M	132M	382M
Liabilities
Accounts Payable, Total	6.52M	4.87M	4.37M	6.54M	12.23M
Accrued Expenses, Total	5.45M	5.36M	6.82M	8.9M	17.08M
Short-term Borrowings	3M	-	-	-	-
Current Portion of Long-Term Debt	1.07M	1.91M	-	-	9.25M
Current Portion of Leases	924K	897K	754K	831K	2.62M
Current Income Taxes Payable	594K	445K	213K	-	603K
Unearned Revenue Current, Total	-	-	-	807K	1.32M
Other Current Liabilities	713K	903K	1.3M	4.51M	5.43M
Total Current Liabilities	18.28M	14.38M	13.46M	21.58M	48.54M
Long-Term Debt	5.2M	3.2M	-	-	76.91M
Long-Term Leases	2.56M	2.24M	1.78M	1.63M	5.79M
Unearned Revenue Non Current	-	-	-	1.74M	2.89M
Deferred Tax Liability Non Current	1.54M	1.75M	2.14M	4.44M	33.92M
Other Non Current Liabilities	3.61M	3.14M	2.57M	-	-
Total Liabilities	31.19M	24.71M	19.94M	29.4M	168M
Common Stock, Total	398K	479K	480K	652K	969K
Additional Paid In Capital	22.81M	36.82M	36.97M	37.29M	131M
Retained Earnings	2.97M	4.7M	7.7M	11.51M	10.58M
Treasury Stock	-21K	-	-	-	-
Comprehensive Income and Other	1.71M	1.84M	2.18M	53.58M	71.71M
Total Common Equity	27.86M	43.84M	47.32M	103M	214M
Total Equity	27.86M	43.84M	47.32M	103M	214M
Total Liabilities And Equity	59.05M	68.55M	67.27M	132M	382M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	79.49M	95.6M	95.65M	129M	192M
ECS Total Common Shares Outstanding	79.49M	95.6M	95.65M	129M	192M
Book Value / Share	0.35	0.46	0.49	0.8	1.12
Tangible Book Value	-7.2M	9.09M	12.05M	17.93M	-90.94M
Tangible Book Value Per Share	-0.09	0.1	0.13	0.14	-0.47
Total Debt	12.76M	8.24M	2.53M	2.46M	94.56M
Net Debt	11.08M	-4.96M	-6.52M	-8.34M	82.28M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	507K
Debt Equivalent Oper. Leases	272K	736K	1.19M	2.22M	2.51M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	594K	712K	908K	1.99M	7.06M
Machinery, Total	1.7M	2.09M	4.11M	4.22M	6.23M
Full Time Employees	250	265	291	414	680
Accumulated Allowance for Doubtful Accounts (Supple)	406K	807K	661K	893K	1.42M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.71M	2.79M	4.23M	8.29M	3.04M
Depreciation & Amortization - CF	635K	1.15M	1.38M	1.59M	3.49M
Amortization of Goodwill and Intangible Assets - (CF)	260K	393K	393K	1.5M	7.72M
Depreciation & Amortization, Total	895K	1.54M	1.77M	3.1M	11.21M
Amortization of Deferred Charges, Total - (CF)	120K	209K	339K	499K	925K
(Gain) Loss From Sale Of Asset	-	-	-	-	-54K
Stock-Based Compensation (CF)	238K	205K	334K	510K	838K
Net Cash From Discontinued Operations	-	-	-	-890K	-
Other Operating Activities, Total	1.07M	1.15M	872K	-3.73M	4.05M
Change In Accounts Receivable	-1.52M	1.34M	-1.39M	-2M	-3.77M
Change In Inventories	5K	-119K	-195K	85K	338K
Change In Accounts Payable	999K	-1.88M	1.31M	1.86M	3.37M
Cash from Operations	4.52M	5.24M	7.27M	7.73M	19.95M
Capital Expenditure	-865K	-460K	-1.72M	-378K	-1.18M
Sale of Property, Plant, and Equipment	-	-	-	259K	251K
Cash Acquisitions	-3.96M	-	-861K	4.32M	-48.89M
Sale (Purchase) of Intangible assets	-837K	-319K	-433K	-1.08M	-1.87M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-514K	263K
Other Investing Activities, Total	-	-	-	-55K	-
Cash from Investing	-5.66M	-779K	-3.02M	2.56M	-51.44M
Long-Term Debt Issued, Total	4M	-	-	-	100M
Total Debt Issued	4M	-	-	-	100M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-3.22M	-5.3M	-6.42M	-3.86M	-93.61M
Total Debt Repaid	-3.22M	-5.3M	-6.42M	-3.86M	-93.61M
Issuance of Common Stock	358K	13.7M	-	330K	94.3M
Repurchase of Common Stock	-266K	-214K	-	-	-
Common Dividends Paid	-592K	-516K	-1.34M	-2.34M	-3.37M
Preferred Dividends Paid	-	-	-	-	-58.52M
Common & Preferred Stock Dividends Paid	-592K	-516K	-1.34M	-2.34M	-61.89M
Other Financing Activities, Total	-392K	-609K	-648K	-2.87M	-5.7M
Cash from Financing	-114K	7.06M	-8.4M	-8.74M	33.11M
Foreign Exchange Rate Adjustments	-	-	-	199K	-278K
Miscellaneous Cash Flow Adjustments	-	-	-1K	-	-
Net Change in Cash	-1.26M	11.52M	-4.15M	1.74M	1.34M
Supplemental Items
Cash Interest Paid	387K	446K	296K	221K	5.7M
Cash Income Tax Paid (Refund)	147K	745K	924K	2.63M	2.52M
Levered Free Cash Flow	34.5K	3.87M	3.37M	4M	11.25M
Unlevered Free Cash Flow	258K	4.14M	3.55M	4.14M	14.82M
Change In Net Working Capital	1.75M	-40K	509K	4.06M	5.74M
Net Debt Issued / Repaid	778K	-5.3M	-6.42M	-3.86M	6.4M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.82	4.59	5.55	5.56	4.11
Return on Total Capital	6.65	6.32	7.39	7.15	5.14
Return On Equity %	10.37	7.79	9.29	8.84	1.92
Return on Common Equity	10.37	7.79	9.29	8.84	1.92
Margin Analysis
Gross Profit Margin %	37.22	42.46	38.01	33.21	58.72
SG&A Margin	28.29	32.95	27.55	23.62	44.67
EBITDA Margin %	9.93	10.96	12	11.99	21.29
EBITA Margin %	9.52	10.3	11.14	11.21	20.41
EBIT Margin %	8.93	9.5	10.45	9.58	14.05
Income From Continuing Operations Margin %	6.16	5.67	7.34	7.17	2.5
Net Income Margin %	6.16	5.67	7.34	8.94	2.5
Net Avail. For Common Margin %	6.16	5.67	7.34	7.17	2.5
Normalized Net Income Margin	5.07	5.37	6.22	5.84	5.76
Levered Free Cash Flow Margin	0.08	7.84	5.83	4.32	9.28
Unlevered Free Cash Flow Margin	0.59	8.41	6.15	4.47	12.22
Asset Turnover
Asset Turnover	0.86	0.77	0.85	0.93	0.47
Fixed Assets Turnover	14.51	10.45	11.56	16.7	13.04
Receivables Turnover (Average Receivables)	3.45	3.46	4.06	5.54	5.45
Inventory Turnover (Average Inventory)	65.87	43.43	44.15	42.76	11.06
Short Term Liquidity
Current Ratio	1.05	2.02	1.97	1.87	1.3
Quick Ratio	1	1.94	1.88	1.49	1.09
Operating Cash Flow to Current Liabilities	0.25	0.36	0.54	0.36	0.41
Days Sales Outstanding (Average Receivables)	105.81	105.77	89.79	65.9	67.03
Days Outstanding Inventory (Average Inventory)	5.54	8.43	8.27	8.54	33
Average Days Payable Outstanding	68.23	73.19	46.9	31.61	62.46
Cash Conversion Cycle (Average Days)	43.13	41.01	51.16	42.83	37.57
Long Term Solvency
Total Debt/Equity	45.81	18.81	5.35	2.38	44.11
Total Debt / Total Capital	31.42	15.83	5.08	2.33	30.61
LT Debt/Equity	27.87	12.41	3.76	1.58	38.57
Long-Term Debt / Total Capital	19.11	10.44	3.57	1.54	26.77
Total Liabilities / Total Assets	52.82	36.04	29.65	22.2	43.94
EBIT / Interest Expense	11.01	10.5	20.65	40.21	2.98
EBITDA / Interest Expense	13.51	13.96	26.72	54.23	4.95
(EBITDA - Capex) / Interest Expense	11.09	12.93	20.82	52.52	4.74
Total Debt / EBITDA	2.65	1.32	0.32	0.21	3.35
Net Debt / EBITDA	2.3	-0.8	-0.84	-0.7	2.91
Total Debt / (EBITDA - Capex)	3.22	1.43	0.42	0.21	3.49
Net Debt / (EBITDA - Capex)	2.8	-0.86	-1.07	-0.72	3.04
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	24.09	11.98	17.05	80.89	73.64
Gross Profit, 1 Yr. Growth %	24.78	27.73	4.78	82.57	98.12
EBITDA, 1 Yr. Growth %	23.22	23.6	28.11	133.82	95.77
EBITA, 1 Yr. Growth %	22.59	21.2	26.53	142.78	99.1
EBIT, 1 Yr. Growth %	22.74	19.22	28.76	128.63	58.61
Earnings From Cont. Operations, 1 Yr. Growth %	16.56	3.06	51.56	170.34	-62.63
Net Income, 1 Yr. Growth %	16.56	3.06	51.56	95.84	-62.63
Normalized Net Income, 1 Yr. Growth %	24.85	18.64	35.42	140.46	6.4
Diluted EPS Before Extra, 1 Yr. Growth %	15.93	-11.4	41.92	114.8	-73.55
Accounts Receivable, 1 Yr. Growth %	42.51	-10.04	10.42	24.79	74.85
Inventory, 1 Yr. Growth %	142.45	19.87	27.53	119.05	255.05
Net Property, Plant and Equip., 1 Yr. Growth %