Cash flow Gamma Communications plc

Equities

GAMA

GB00BQS10J50

IT Services & Consulting

Market Closed - London S.E. Other stock markets 11:35:28 2025-07-11 am EDT			5-day change	1st Jan Change
1,090.00 ^GBX	-0.55%		-3.02%	-28.76%

Jul. 07	RBC cuts Currys; Peel Hunt raises Berkeley	AN
Jun. 22	Gamma Communications plc(LSE:GAMA) added to FTSE 250 Index	CI

6fa2f493826472788ce3b641.F52IeWZvV9roEOT5pFKbdMKYS3r0CLrpqISBzz2PwN8.I9HuOy0NA7y3KI-tlwfvIYbtOQ7HQdmRm8PA-nTZsJpwyP42USVm7tBKgw

Published financial data: GAMMA COMMUNICATIONS PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	394M	448M	485M	522M	579M
Total Revenues	394M	448M	485M	522M	579M
Cost of Goods Sold, Total	193M	219M	237M	254M	279M
Gross Profit	201M	228M	248M	267M	300M
Selling General & Admin Expenses, Total	122M	133M	171M	152M	175M
R&D Expenses	-	-	-	-	-
Depreciation & Amortization - (IS)	16.9M	17.6M	2.8M	21.3M	20.4M
Amortization of Goodwill and Intangible Assets - (IS)	6M	9.5M	9.5M	10M	13.4M
Other Operating Expenses, Total	145M	160M	183M	184M	208M
Operating Income	56.1M	68.3M	64.5M	83.4M	91.8M
Interest Expense, Total	-800K	-700K	-500K	-500K	-300K
Interest And Investment Income	400K	100K	800K	5.4M	7.1M
Net Interest Expenses	-400K	-600K	300K	4.9M	6.8M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-300K	-500K	-800K	-400K	-1.5M
EBT, Excl. Unusual Items	55.4M	67.2M	64M	87.9M	97.1M
Restructuring Charges	-	-	-	-3.3M	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	19.5M	-	-	-	-
Asset Writedown	-	-	-	-12.7M	-
Other Unusual Items	100K	-	900K	-400K	-1.5M
EBT, Incl. Unusual Items	75M	67.2M	64.9M	71.5M	95.6M
Income Tax Expense	10.6M	13.2M	15.4M	17.8M	25.8M
Earnings From Continuing Operations	64.4M	54M	49.5M	53.7M	69.8M
Net Income to Company	64.4M	54M	49.5M	53.7M	69.8M
Minority Interest	-200K	-400K	-200K	-100K	-
Net Income - (IS)	64.2M	53.6M	49.3M	53.6M	69.8M
Net Income to Common Incl Extra Items	64.2M	53.6M	49.3M	53.6M	69.8M
Net Income to Common Excl. Extra Items	64.2M	53.6M	49.3M	53.6M	69.8M
Per Share Items
Net EPS - Basic	0.68	0.56	0.51	0.55	0.72
Basic EPS - Continuing Operations	0.68	0.56	0.51	0.55	0.72
Basic Weighted Average Shares Outstanding	95.06M	95.89M	96.54M	97.09M	96.57M
Net EPS - Diluted	0.67	0.55	0.51	0.55	0.72
Diluted EPS - Continuing Operations	0.67	0.55	0.51	0.55	0.72
Diluted Weighted Average Shares Outstanding	96.33M	97.06M	97.49M	97.7M	96.98M
Normalized Basic EPS	0.36	0.43	0.41	0.56	0.63
Normalized Diluted EPS	0.36	0.43	0.41	0.56	0.63
Dividend Per Share	0.12	0.13	0.15	0.17	0.2
Payout Ratio	16.2	21.83	26.98	28.36	24.79
Supplemental Items
EBITDA	71.7M	85.3M	82.6M	102M	115M
EBITA	62M	77M	73.1M	92.6M	106M
EBIT	56.1M	68.3M	64.5M	83.4M	91.8M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	14.13	19.64	23.73	24.9	26.99
Total Current Taxes	12.7M	15M	14.4M	21.7M	28.9M
Total Deferred Taxes	-2.1M	-1.8M	1M	-3.9M	-3.1M
Normalized Net Income	34.42M	41.6M	39.8M	54.84M	60.69M
Interest on Long-Term Debt	600K	500K	400K	400K	300K
Supplemental Operating Expense Items
General and Administrative Expenses	-	-	-	-	2.7M
Research And Development Expense From Footnotes	12.5M	19.1M	20M	22.5M	28M
Net Rental Expense, Total	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	2.7M
Stock-Based Comp., SG&A Exp. (Total)	3.5M	4.8M	4.3M	2.7M	-
Total Stock-Based Compensation	3.5M	4.8M	4.3M	2.7M	2.7M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	53.9M	52.8M	94.6M	136M	154M
Total Cash And Short Term Investments	53.9M	52.8M	94.6M	136M	154M
Accounts Receivable, Total	93.7M	98.4M	109M	109M	115M
Other Receivables	2.6M	5.1M	6.9M	3.6M	2M
Total Receivables	96.3M	104M	116M	112M	117M
Inventory	8.1M	7.9M	10.2M	11.8M	10M
Prepaid Expenses	-	-	-	-	-
Total Current Assets	158M	164M	221M	260M	281M
Gross Property Plant And Equipment	106M	114M	106M	107M	111M
Accumulated Depreciation	-58.4M	-67.5M	-62.7M	-68.5M	-77.4M
Net Property Plant And Equipment	47.8M	47M	42.9M	38.4M	33.6M
Goodwill	46.2M	83.1M	76.7M	113M	115M
Other Intangibles, Total	41.6M	32.9M	25.2M	22.9M	47.2M
Accounts Receivable Long-Term	14.8M	14.3M	13M	14.7M	15.4M
Deferred Tax Assets Long-Term	5.7M	7M	5.5M	6.5M	8.6M
Deferred Charges Long-Term	7.5M	13.3M	22.4M	19.1M	26.9M
Total Assets	322M	362M	407M	475M	528M
Liabilities
Accounts Payable, Total	9.4M	5.7M	9.5M	13.2M	68.4M
Accrued Expenses, Total	35.8M	35.3M	39.2M	46.3M	-
Current Portion of Long-Term Debt	1.3M	800K	400K	300K	-
Current Portion of Leases	2.3M	2.1M	2.5M	3M	2M
Current Income Taxes Payable	500K	900K	500K	100K	700K
Unearned Revenue Current, Total	10.2M	10.9M	12.5M	14.1M	18.5M
Other Current Liabilities	15.1M	10.5M	8M	12.1M	5.4M
Total Current Liabilities	74.6M	66.2M	72.6M	89.1M	95M
Long-Term Debt	4.6M	2.5M	1.7M	1.4M	-
Long-Term Leases	10.8M	9.8M	8.6M	7M	5.9M
Unearned Revenue Non Current	8.3M	10M	7.8M	12.1M	13.3M
Deferred Tax Liability Non Current	9M	10M	11.3M	10.4M	17.6M
Other Non Current Liabilities	10.2M	9.1M	5.1M	10.6M	23.5M
Total Liabilities	118M	108M	107M	131M	155M
Common Stock, Total	200K	200K	200K	200K	200K
Additional Paid In Capital	9M	14.9M	18M	22.9M	23.3M
Retained Earnings	198M	239M	274M	315M	368M
Treasury Stock	-700K	-700K	-700K	-700K	-24.7M
Comprehensive Income and Other	6.8M	5.2M	9.7M	7.6M	6.5M
Total Common Equity	213M	259M	301M	345M	374M
Minority Interest	-8.4M	-4.5M	-1.4M	-900K	-900K
Total Equity	204M	254M	300M	344M	373M
Total Liabilities And Equity	322M	362M	407M	475M	528M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	95.26M	96.32M	96.85M	97.46M	95.78M
ECS Total Common Shares Outstanding	95.26M	96.32M	96.85M	97.46M	95.78M
Book Value / Share	2.23	2.69	3.11	3.54	3.9
Tangible Book Value	125M	143M	199M	210M	211M
Tangible Book Value Per Share	1.31	1.48	2.06	2.15	2.21
Total Debt	19M	15.2M	13.2M	11.7M	7.9M
Net Debt	-34.9M	-37.6M	-81.4M	-125M	-146M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	-8.4M	-4.5M	-1.4M	-900K	-900K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	8.5M	7.9M	10.2M	11.8M	-
Inventories - Finished Goods, Total	-	-	-	-	10M
Land - (BS)	4.8M	4.5M	4.7M	4.6M	4.4M
Machinery, Total	13.6M	14.7M	16.3M	17.3M	20.4M
Full Time Employees	1.53K	1.74K	1.76K	1.9K	1.93K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	64.2M	53.6M	49.3M	53.6M	69.8M
Depreciation & Amortization - CF	11.9M	11M	12.3M	11.6M	11.7M
Amortization of Goodwill and Intangible Assets - (CF)	5.9M	8.7M	8.6M	9.2M	13.8M
Depreciation & Amortization, Total	17.8M	19.7M	20.9M	20.8M	25.5M
Amortization of Deferred Charges, Total - (CF)	5.1M	7.4M	6.3M	10.5M	8.3M
(Gain) Loss From Sale Of Asset	-19.5M	-	300K	-	-
Asset Writedown & Restructuring Costs	-	-	12.2M	12.7M	-
Stock-Based Compensation (CF)	3.5M	4.8M	4.3M	2.7M	2.7M
Other Operating Activities, Total	-2.7M	1.4M	800K	-1.9M	-4.7M
Change In Accounts Receivable	-6.1M	-5.4M	-10.1M	6.7M	-1.7M
Change In Inventories	300K	200K	-2.6M	-1M	-1.7M
Change In Accounts Payable	-6.1M	-6.2M	4.1M	2.1M	-4.8M
Change in Unearned Revenues	-1.2M	1.5M	-400K	-1.5M	2M
Change in Other Net Operating Assets	900K	-500K	-400K	3.5M	-2.5M
Cash from Operations	56.2M	76.5M	84.7M	108M	92.9M
Capital Expenditure	-9.5M	-9.1M	-6.8M	-5.6M	-4.9M
Cash Acquisitions	-47.7M	-49.3M	-9.8M	-22.8M	-15.4M
Divestitures	19.4M	-	-300K	-	-
Sale (Purchase) of Intangible assets	-5.9M	-7.7M	-13.9M	-17.4M	-14.3M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	400K	200K	1.2M	4.9M	7.1M
Cash from Investing	-43.3M	-65.9M	-29.6M	-40.9M	-27.5M
Long-Term Debt Repaid, Total	-3.7M	-5.4M	-3.5M	-10.5M	-4.8M
Total Debt Repaid	-3.7M	-5.4M	-3.5M	-10.5M	-4.8M
Issuance of Common Stock	1.5M	5.9M	3.1M	1.9M	1.8M
Repurchase of Common Stock	-	-	-	-	-27.3M
Common Dividends Paid	-10.4M	-11.7M	-13.3M	-15.2M	-17.3M
Common & Preferred Stock Dividends Paid	-10.4M	-11.7M	-13.3M	-15.2M	-17.3M
Other Financing Activities, Total	-300K	-500K	-100K	-1.4M	-
Cash from Financing	-12.9M	-11.7M	-13.8M	-25.2M	-47.6M
Foreign Exchange Rate Adjustments	-	-	500K	-200K	-600K
Net Change in Cash	-	-1.1M	41.8M	41.9M	17.2M
Supplemental Items
Cash Interest Paid	300K	500K	100K	100K	-
Cash Income Tax Paid (Refund)	14.1M	13.3M	14.4M	15.3M	23.9M
Levered Free Cash Flow	39.56M	42.65M	42.1M	81.41M	78.29M
Unlevered Free Cash Flow	40.06M	43.09M	42.41M	81.72M	78.48M
Change In Net Working Capital	6M	14.7M	8.7M	-18.6M	-3.8M
Net Debt Issued / Repaid	-3.7M	-5.4M	-3.5M	-10.5M	-4.8M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	12.52	12.49	10.49	11.82	11.44
Return on Total Capital	18.05	17.32	13.85	15.59	15.58
Return On Equity %	36.09	23.55	17.87	16.68	19.47
Return on Common Equity	35.15	22.74	17.61	16.59	19.42
Margin Analysis
Gross Profit Margin %	50.99	51.04	51.11	51.22	51.83
SG&A Margin	30.93	29.73	35.27	29.23	30.15
EBITDA Margin %	18.21	19.05	17.04	19.53	19.83
EBITA Margin %	15.74	17.2	15.08	17.75	18.23
EBIT Margin %	14.25	15.26	13.31	15.99	15.84
Income From Continuing Operations Margin %	16.35	12.06	10.21	10.29	12.05
Net Income Margin %	16.3	11.97	10.17	10.27	12.05
Net Avail. For Common Margin %	16.3	11.97	10.17	10.27	12.05
Normalized Net Income Margin	8.74	9.29	8.21	10.51	10.47
Levered Free Cash Flow Margin	10.05	9.53	8.69	15.61	13.51
Unlevered Free Cash Flow Margin	10.17	9.62	8.75	15.67	13.54
Asset Turnover
Asset Turnover	1.41	1.31	1.26	1.18	1.16
Fixed Assets Turnover	8.63	9.45	10.78	12.83	16.09
Receivables Turnover (Average Receivables)	4.6	4.66	4.66	4.79	5.17
Inventory Turnover (Average Inventory)	23.83	27.4	26.18	23.14	25.61
Short Term Liquidity
Current Ratio	2.12	2.48	3.05	2.92	2.96
Quick Ratio	2.01	2.36	2.9	2.79	2.85
Operating Cash Flow to Current Liabilities	0.75	1.16	1.17	1.21	0.98
Days Sales Outstanding (Average Receivables)	79.56	78.31	78.26	76.26	70.75
Days Outstanding Inventory (Average Inventory)	15.36	13.32	13.94	15.78	14.29
Average Days Payable Outstanding	14.7	12.58	11.6	16.18	88.37
Cash Conversion Cycle (Average Days)	80.22	79.05	80.6	75.86	-3.32
Long Term Solvency
Total Debt/Equity	9.3	5.98	4.4	3.4	2.12
Total Debt / Total Capital	8.5	5.64	4.22	3.29	2.08
LT Debt/Equity	7.53	4.84	3.44	2.44	1.58
Long-Term Debt / Total Capital	6.89	4.57	3.29	2.36	1.55
Total Liabilities / Total Assets	36.5	29.74	26.33	27.51	29.41
EBIT / Interest Expense	70.12	97.57	129	166.8	306
EBITDA / Interest Expense	92.38	125.71	170.8	208.4	391
(EBITDA - Capex) / Interest Expense	80.5	112.71	157.2	197.2	374.67
Total Debt / EBITDA	0.26	0.17	0.15	0.11	0.07
Net Debt / EBITDA	-0.47	-0.43	-0.95	-1.2	-1.24
Total Debt / (EBITDA - Capex)	0.3	0.19	0.17	0.12	0.07
Net Debt / (EBITDA - Capex)	-0.54	-0.48	-1.04	-1.27	-1.3
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	19.73	13.69	8.24	7.66	11.06
Gross Profit, 1 Yr. Growth %	20.6	13.79	8.4	7.87	12.39
EBITDA, 1 Yr. Growth %	2.58	-11.42	-3.17	5.16	7.18
EBITA, 1 Yr. Growth %	3.16	-11.09	-5.06	5.95	7.87
EBIT, 1 Yr. Growth %	20.91	-9.66	-5.56	5.84	10.07
Earnings From Cont. Operations, 1 Yr. Growth %	86.67	-16.15	-8.33	8.48	29.98
Net Income, 1 Yr. Growth %	86.09	-16.51	-8.02	8.72	30.22
Normalized Net Income, 1 Yr. Growth %	19.48	-10.75	-4.33	12.52	10.67
Diluted EPS Before Extra, 1 Yr. Growth %	84.49	-17.12	-8.33	8.5	31.15
Accounts Receivable, 1 Yr. Growth %	20.9	5.02	11.18	-0.73	6.26
Inventory, 1 Yr. Growth %	0	-2.47	29.11	15.69	-15.25
Net Property, Plant and Equip., 1 Yr. Growth %	9.88	-1.67	-8.72	-10.49	-12.5
Total Assets, 1 Yr. Growth %	35.03	12.4	12.44	16.72	11.2
Tangible Book Value, 1 Yr. Growth %	6.29	14.16	39.59	5.17	0.81
Common Equity, 1 Yr. Growth %	39.54	21.57	16.39	14.61	8.26
Cash From Operations, 1 Yr. Growth %	20.86	36.12	10.72	27.74	-14.14
Capital Expenditures, 1 Yr. Growth %	-4.04	-4.21	-25.27	-17.65	-12.5
Levered Free Cash Flow, 1 Yr. Growth %	1.31	-17.58	-1.29	59.52	-3.84
Unlevered Free Cash Flow, 1 Yr. Growth %	1.94	-17.54	-1.57	59.15	-3.98
Dividend Per Share, 1 Yr. Growth %	11.43	12.82	13.64	14	14.04
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	17.57	16.67	10.93	7.95	9.34
Gross Profit, 2 Yr. CAGR %	23.24	17.15	11.07	8.14	10.11
EBITDA, 2 Yr. CAGR %	23.64	10.47	-7.39	9.3	8.89
EBITA, 2 Yr. CAGR %	27.4	13.19	-8.12	9.66	9.92
EBIT, 2 Yr. CAGR %	27.7	21.33	-7.63	10.5	7.93
Earnings From Cont. Operations, 2 Yr. CAGR %	50.59	25.11	-12.33	-0.28	18.75
Net Income, 2 Yr. CAGR %	50.35	24.64	-12.37	0	18.99
Normalized Net Income, 2 Yr. CAGR %	26.35	20.16	-7.6	14.81	11.59
Diluted EPS Before Extra, 2 Yr. CAGR %	49	23.66	-12.84	-0.27	19.29
Accounts Receivable, 2 Yr. CAGR %	22.15	12.68	8.05	5.06	2.71
Inventory, 2 Yr. CAGR %	14.3	-1.24	12.22	22.22	-0.99
Net Property, Plant and Equip., 2 Yr. CAGR %	15.23	3.95	-5.26	-9.61	-11.5
Total Assets, 2 Yr. CAGR %	28.55	23.19	12.42	14.56	13.93
Tangible Book Value, 2 Yr. CAGR %	20.42	10.16	26.24	21.17	2.97
Common Equity, 2 Yr. CAGR %	32.23	30.25	18.95	15.5	11.39
Cash From Operations, 2 Yr. CAGR %	24.43	28.26	22.76	18.93	4.73
Capital Expenditures, 2 Yr. CAGR %	-3.49	-4.13	-15.4	-21.55	-15.11
Levered Free Cash Flow, 2 Yr. CAGR %	48.77	4.51	-9.8	38.16	23.85
Unlevered Free Cash Flow, 2 Yr. CAGR %	49.19	4.71	-9.9	37.72	23.62
Dividend Per Share, 2 Yr. CAGR %	12.16	12.12	13.23	13.82	14.02
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	17.62	16.26	13.79	9.83	8.98
Gross Profit, 3 Yr. CAGR %	22.7	20.01	14.16	9.99	9.54
EBITDA, 3 Yr. CAGR %	29.26	22.07	5.72	1.9	10.44
EBITA, 3 Yr. CAGR %	34.12	26.32	6.74	2.26	11.1
EBIT, 3 Yr. CAGR %	29.89	25.69	11.6	3.33	10.36
Earnings From Cont. Operations, 3 Yr. CAGR %	41.56	23.89	12.79	-5.88	8.93
Net Income, 3 Yr. CAGR %	41.42	23.58	12.64	-5.84	9.2
Normalized Net Income, 3 Yr. CAGR %	28.76	24.49	11.37	5.57	13.41
Diluted EPS Before Extra, 3 Yr. CAGR %	40.53	22.54	11.91	-6.24	9.26
Accounts Receivable, 3 Yr. CAGR %	15.01	16.15	12.18	5.04	5.46
Inventory, 3 Yr. CAGR %	36.28	8.41	7.99	13.36	8.17
Net Property, Plant and Equip., 3 Yr. CAGR %	17.86	9.29	-0.46	-7.04	-10.58
Total Assets, 3 Yr. CAGR %	27.94	22.92	19.5	13.83	13.43
Tangible Book Value, 3 Yr. CAGR %	15.18	18.3	19.2	18.78	13.96
Common Equity, 3 Yr. CAGR %	30.71	28.58	25.45	17.49	13.03
Cash From Operations, 3 Yr. CAGR %	28.8	28.21	22.13	24.4	6.69
Capital Expenditures, 3 Yr. CAGR %	-7.75	-3.73	-11.77	-16.15	-18.64
Levered Free Cash Flow, 3 Yr. CAGR %	90.75	33.63	2.54	16.3	22.44
Unlevered Free Cash Flow, 3 Yr. CAGR %	91.55	33.77	2.57	16.08	22.12
Dividend Per Share, 3 Yr. CAGR %	11.68	12.38	12.62	13.48	13.89
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	15.47	15.96	14.9	12.86	11.99
Gross Profit, 5 Yr. CAGR %	19.53	18.26	17.91	15.11	12.52
EBITDA, 5 Yr. CAGR %	25.1	22.6	20	16.79	10.45
EBITA, 5 Yr. CAGR %	29.08	28.24	23.25	19.37	11.93
EBIT, 5 Yr. CAGR %	27.12	25.66	20.3	19.38	14.62
Earnings From Cont. Operations, 5 Yr. CAGR %	28.61	24.99	16.87	13.59	15.14
Net Income, 5 Yr. CAGR %	28.53	24.81	16.78	13.55	15.14
Normalized Net Income, 5 Yr. CAGR %	26.65	25.24	19.81	20.52	16.07
Diluted EPS Before Extra, 5 Yr. CAGR %	27.72	24.04	16.09	12.85	14.81
Accounts Receivable, 5 Yr. CAGR %	38.78	36.98	12.17	11.58	8.29
Inventory, 5 Yr. CAGR %	28.63	21.37	26.09	13.74	4.3
Net Property, Plant and Equip., 5 Yr. CAGR %	15.36	7.01	8	1.3	-5.03
Total Assets, 5 Yr. CAGR %	26.83	25.46	21.49	19.5	17.24
Tangible Book Value, 5 Yr. CAGR %	16.52	14.63	19.48	19.44	12.42
Common Equity, 5 Yr. CAGR %	26.12	26.39	25.87	23.18	19.63
Cash From Operations, 5 Yr. CAGR %	14.79	23.62	26.35	24.41	14.85
Capital Expenditures, 5 Yr. CAGR %	-2.17	-13.42	-10.89	-11.3	-13.12
Levered Free Cash Flow, 5 Yr. CAGR %	32.84	48.4	49.17	35.42	14.92
Unlevered Free Cash Flow, 5 Yr. CAGR %	33.18	48.71	49.39	35.34	14.83
Dividend Per Share, 5 Yr. CAGR %	12.13	11.97	12.3	12.95	13.18