Cash flow Gurit Holding AG

Equities

GURN

CH1173567111

Specialty Chemicals

End-of-day quote Swiss Exchange Other stock markets 2025-01-22			5-day change	1st Jan Change
14.40 ^CHF	+0.98%		+12.50%	-5.26%

Jan. 08	Gurit Lands Exclusive Office Surface Foam Supply Deal in US	MT
Jan. 08	Gurit and Genesis Products Announce New Supply Contract for Office Interiors in North America	CI

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Published financial data: GURIT HOLDING AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	558M	577M	468M	499M	460M
Total Revenues	558M	577M	468M	499M	460M
Cost of Goods Sold, Total	437M	456M	383M	435M	385M
Gross Profit	121M	121M	85.01M	64.33M	74.77M
Selling General & Admin Expenses, Total	48.38M	47.28M	46.96M	44.8M	46.12M
R&D Expenses	7.34M	7.8M	8.65M	8.62M	8.52M
Depreciation & Amortization - (IS)	-	-	-	-	-
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	1.76M	1.72M	-29K	-333K	-436K
Other Operating Expenses, Total	57.48M	56.8M	55.58M	53.09M	54.2M
Operating Income	63.65M	64.08M	29.42M	11.24M	20.57M
Interest Expense, Total	-7.32M	-5.29M	-763K	-2.99M	-6.74M
Interest And Investment Income	2.49M	1.61M	75K	560K	148K
Net Interest Expenses	-4.83M	-3.68M	-688K	-2.43M	-6.59M
Currency Exchange Gains (Loss)	-	-	-1.35M	-2.42M	-2.2M
Other Non Operating Income (Expenses)	-	-	-495K	-1.07M	-1.05M
EBT, Excl. Unusual Items	58.82M	60.4M	26.9M	5.32M	10.74M
Restructuring Charges	-2.13M	-	-4.69M	-5.08M	-879K
Gain (Loss) On Sale Of Assets	-	-	-	18.3M	354K
Asset Writedown	-	-	-1.32M	-2.13M	260K
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	56.7M	60.4M	20.89M	16.4M	10.47M
Income Tax Expense	12.06M	14.25M	11.74M	7.3M	6.48M
Earnings From Continuing Operations	44.63M	46.15M	9.16M	9.1M	3.99M
Earnings Of Discontinued Operations	-9.71M	473K	-	-	-
Net Income to Company	34.92M	46.62M	9.16M	9.1M	3.99M
Minority Interest	646K	287K	2.2M	144K	3.47M
Net Income - (IS)	35.57M	46.91M	11.36M	9.25M	7.46M
Net Income to Common Incl Extra Items	35.57M	46.91M	11.36M	9.25M	7.46M
Net Income to Common Excl. Extra Items	45.28M	46.44M	11.36M	9.25M	7.46M
Per Share Items
Net EPS - Basic	3.8	5.02	1.21	1.98	1.59
Basic EPS - Continuing Operations	4.84	4.96	1.21	1.98	1.59
Basic Weighted Average Shares Outstanding	9.35M	9.35M	9.35M	4.68M	4.68M
Net EPS - Diluted	3.8	5.02	1.21	1.98	1.59
Diluted EPS - Continuing Operations	4.84	4.96	1.21	1.98	1.59
Diluted Weighted Average Shares Outstanding	9.35M	9.35M	9.35M	4.68M	4.68M
Normalized Basic EPS	4	4.07	2.03	0.74	2.18
Normalized Diluted EPS	4	4.07	2.03	0.74	2.18
Dividend Per Share	25	30	7	-	0.35
Payout Ratio	26.25	24.88	123.29	35.39	-
Supplemental Items
EBITDA	76.29M	75.28M	41.6M	25.4M	33.66M
EBITA	63.98M	64.34M	29.71M	11.5M	20.73M
EBIT	63.65M	64.08M	29.42M	11.24M	20.57M
EBITDAR	76.35M	75.34M	41.68M	25.48M	33.73M
Effective Tax Rate - (Ratio)	21.28	23.59	56.18	44.49	61.89
Total Current Taxes	13.62M	15.72M	11.86M	7.24M	7.22M
Total Deferred Taxes	-1.56M	-1.47M	-123K	57K	-743K
Normalized Net Income	37.41M	38.04M	19.01M	3.47M	10.18M
Supplemental Operating Expense Items
Selling and Marketing Expenses	15.91M	13.64M	13.77M	14.06M	12.38M
General and Administrative Expenses	32.47M	33.64M	33.2M	30.75M	33.73M
Research And Development Expense From Footnotes	7.34M	7.8M	8.65M	8.62M	8.52M
Net Rental Expense, Total	57K	52K	75K	72K	68K
Imputed Operating Lease Interest Expense	29.51K	26.68K	6.81K	19.31K	39.92K
Imputed Operating Lease Depreciation	27.49K	25.32K	68.19K	52.69K	28.08K
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	1.58M	3.17M	2.44M	-	-
Total Stock-Based Compensation	1.58M	3.17M	2.44M	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	44.94M	47.27M	29.01M	27.19M	12.52M
Total Cash And Short Term Investments	44.94M	47.27M	29.01M	27.19M	12.52M
Accounts Receivable, Total	110M	97.08M	77.75M	88.24M	67.67M
Other Receivables	13.8M	13.5M	13.18M	13.56M	11.99M
Total Receivables	124M	111M	90.93M	102M	79.66M
Inventory	76.2M	82.79M	80.23M	92.03M	64.68M
Prepaid Expenses	15.09M	23.01M	12.34M	17.83M	12.46M
Other Current Assets, Total	167K	534K	438K	243K	410K
Total Current Assets	260M	264M	213M	239M	170M
Gross Property Plant And Equipment	206M	209M	223M	209M	190M
Accumulated Depreciation	-116M	-109M	-117M	-101M	-95.98M
Net Property Plant And Equipment	90.18M	99.82M	105M	108M	93.88M
Other Intangibles, Total	5.44M	5.43M	6.85M	7.17M	5.86M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	5.19M	6.2M	5.76M	7.76M	7.45M
Other Long-Term Assets, Total	1.9M	1.12M	1.04M	1.67M	1.15M
Total Assets	363M	377M	332M	364M	278M
Liabilities
Accounts Payable, Total	63.76M	70.47M	56.73M	85.46M	58.97M
Accrued Expenses, Total	19.65M	21.17M	19.3M	22.82M	21.28M
Short-term Borrowings	1.45M	-	-	-	-
Current Portion of Long-Term Debt	23.11M	24.24M	11.75M	8.06M	15.72M
Current Portion of Leases	363K	282K	196K	383K	363K
Current Income Taxes Payable	3.83M	5.73M	2.62M	1.22M	3.35M
Other Current Liabilities	24.34M	34.97M	11.76M	24.46M	23.15M
Total Current Liabilities	136M	157M	102M	142M	123M
Long-Term Debt	72.45M	42.39M	55.31M	101M	54.89M
Long-Term Leases	519K	229K	8K	1.91M	1.43M
Deferred Tax Liability Non Current	2.26M	1.99M	1.32M	1.69M	1.15M
Other Non Current Liabilities	5.12M	3.29M	2.69M	4.03M	19.07M
Total Liabilities	217M	205M	162M	251M	199M
Common Stock, Total	23.4M	23.4M	23.4M	23.4M	23.4M
Retained Earnings	289M	326M	323M	326M	335M
Treasury Stock	-232K	-263K	-608K	-579K	-579K
Comprehensive Income and Other	-165M	-176M	-172M	-236M	-280M
Total Common Equity	147M	174M	173M	113M	77.72M
Minority Interest	-1.26M	-1.57M	-2.63M	-289K	976K
Total Equity	146M	172M	170M	113M	78.7M
Total Liabilities And Equity	363M	377M	332M	364M	278M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.29M	4.29M	4.29M	4.68M	4.68M
ECS Total Common Shares Outstanding	4.29M	4.29M	4.29M	4.68M	4.68M
Book Value / Share	34.29	40.42	40.27	24.16	16.62
Tangible Book Value	142M	168M	166M	106M	71.86M
Tangible Book Value Per Share	33.02	39.15	38.68	22.62	15.37
Total Debt	97.89M	67.14M	67.27M	111M	72.4M
Net Debt	52.94M	19.87M	38.26M	84.02M	59.88M
Debt Equivalent Oper. Leases	456K	416K	600K	576K	544K
Minority Interest, Total (Incl. Fin. Div)	-1.26M	-1.57M	-2.63M	-289K	976K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	37.17M	39.61M	38.32M	54.61M	37.02M
Inventories - Work In Process, Total	22.28M	32.67M	34.29M	19.42M	16.43M
Inventories - Finished Goods, Total	20.51M	19.22M	20.57M	25.51M	18.02M
Land - (BS)	-	53.09M	54.98M	40.53M	34.64M
Machinery, Total	141M	143M	148M	159M	144M
Full Time Employees	2.95K	2.86K	2.36K	2.06K	2.3K
Part Time Employees	74	91	88	50	48
Accumulated Allowance for Doubtful Accounts (Supple)	3.36M	3.54M	3.66M	3.15M	2.67M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	35.57M	46.91M	11.36M	9.25M	7.46M
Depreciation & Amortization - CF	12.31M	10.95M	11.89M	13.9M	12.94M
Amortization of Goodwill and Intangible Assets - (CF)	331K	255K	286K	257K	157K
Depreciation & Amortization, Total	12.64M	11.2M	12.18M	14.16M	13.09M
Amortization of Deferred Charges, Total - (CF)	1.06M	1.07M	1.04M	1.14M	1.45M
(Gain) Loss From Sale Of Asset	268K	-851K	566K	-18.32M	172K
Asset Writedown & Restructuring Costs	6.37M	-	4.39M	2.13M	-260K
Other Operating Activities, Total	3.19M	4.21M	97K	1.39M	3.09M
Change In Accounts Receivable	-59K	7.12M	20.97M	-9.52M	12.17M
Change In Inventories	-3.42M	-11.51M	3.01M	-2.34M	20.08M
Change In Accounts Payable	6.97M	6.44M	-14.94M	18.86M	-19.71M
Change in Other Net Operating Assets	3.31M	5.61M	-17.74M	-508K	118K
Cash from Operations	65.89M	70.2M	20.92M	16.24M	37.66M
Capital Expenditure	-23.24M	-23.64M	-21.05M	-14.11M	-10.12M
Sale of Property, Plant, and Equipment	871K	780K	432K	2.66M	614K
Cash Acquisitions	-4.31M	-	-	-42.83M	-
Divestitures	-	395K	-	34.67M	671K
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-1.39M	-1.49M	-2.81M	-1.31M	-948K
Net (Increase) Decrease in Loans Originated / Sold - Investing	-878K	736K	70K	-117K	-48K
Cash from Investing	-28.94M	-23.23M	-23.36M	-21.03M	-9.83M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	23.5M	29.63M	-
Total Debt Issued	-	-	23.5M	29.63M	-
Short Term Debt Repaid, Total	-27.92M	-21.4M	-22.58M	-16.59M	-7.4M
Long-Term Debt Repaid, Total	-	-8.78M	-	-	-29.28M
Total Debt Repaid	-27.92M	-30.17M	-22.58M	-16.59M	-36.68M
Repurchase of Common Stock	-1.16M	-1.19M	-3.34M	-2.12M	-
Common Dividends Paid	-9.34M	-11.67M	-14M	-3.27M	-
Common & Preferred Stock Dividends Paid	-9.34M	-11.67M	-14M	-3.27M	-
Other Financing Activities, Total	22K	-	502K	-2.99M	-3.95M
Cash from Financing	-38.39M	-43.03M	-15.93M	4.67M	-40.63M
Foreign Exchange Rate Adjustments	-1.84M	-1.61M	103K	-1.7M	-1.87M
Net Change in Cash	-3.29M	2.33M	-18.26M	-1.82M	-14.67M
Supplemental Items
Cash Income Tax Paid (Refund)	12.77M	15.5M	13.53M	7.87M	3.52M
Levered Free Cash Flow	35.35M	46.06M	741K	20.62M	39.62M
Unlevered Free Cash Flow	39.92M	49.37M	1.22M	22.49M	43.83M
Change In Net Working Capital	-9.49M	-19.02M	8.97M	-15.58M	-27.5M
Net Debt Issued / Repaid	-27.92M	-30.17M	915K	13.05M	-36.68M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	10.86	10.83	5.19	2.02	4.01
Return on Total Capital	16	16.58	7.72	3.05	6.86
Return On Equity %	32.93	29.03	5.35	6.44	4.17
Return on Common Equity	33.27	28.95	6.56	6.47	7.82
Margin Analysis
Gross Profit Margin %	21.7	20.96	18.17	12.88	16.26
SG&A Margin	8.66	8.2	10.04	8.97	10.03
EBITDA Margin %	13.66	13.05	8.89	5.09	7.32
EBITA Margin %	11.46	11.16	6.35	2.3	4.51
EBIT Margin %	11.4	11.11	6.29	2.25	4.47
Income From Continuing Operations Margin %	7.99	8	1.96	1.82	0.87
Net Income Margin %	6.37	8.13	2.43	1.85	1.62
Net Avail. For Common Margin %	8.11	8.05	2.43	1.85	1.62
Normalized Net Income Margin	6.7	6.6	4.06	0.69	2.21
Levered Free Cash Flow Margin	6.33	7.99	0.16	4.13	8.62
Unlevered Free Cash Flow Margin	7.15	8.56	0.26	4.5	9.53
Asset Turnover
Asset Turnover	1.52	1.56	1.32	1.44	1.43
Fixed Assets Turnover	6.27	6.07	4.56	4.69	4.56
Receivables Turnover (Average Receivables)	5.01	5.57	5.35	6.02	5.9
Inventory Turnover (Average Inventory)	5.86	5.73	4.7	5.05	4.91
Short Term Liquidity
Current Ratio	1.91	1.68	2.08	1.68	1.38
Quick Ratio	1.24	1.01	1.17	0.91	0.75
Operating Cash Flow to Current Liabilities	0.48	0.45	0.2	0.11	0.31
Days Sales Outstanding (Average Receivables)	72.92	65.68	68.18	60.65	61.87
Days Outstanding Inventory (Average Inventory)	62.34	63.83	77.69	72.25	74.27
Average Days Payable Outstanding	47.96	53.12	61.03	58.06	73.68
Cash Conversion Cycle (Average Days)	87.3	76.38	84.85	74.84	62.47
Long Term Solvency
Total Debt/Equity	67.06	39.04	39.51	98.7	91.99
Total Debt / Total Capital	40.14	28.08	28.32	49.67	47.92
LT Debt/Equity	49.99	24.78	32.49	91.21	71.56
Long-Term Debt / Total Capital	29.92	17.82	23.29	45.9	37.27
Total Liabilities / Total Assets	59.77	54.35	48.7	69.01	71.7
EBIT / Interest Expense	8.7	12.11	38.56	3.76	3.05
EBITDA / Interest Expense	10.42	14.22	54.52	8.49	5
(EBITDA - Capex) / Interest Expense	7.25	9.76	26.93	3.78	3.49
Total Debt / EBITDA	1.28	0.89	1.62	4.38	2.15
Net Debt / EBITDA	0.69	0.26	0.92	3.31	1.78
Total Debt / (EBITDA - Capex)	1.85	1.3	3.27	9.84	3.07
Net Debt / (EBITDA - Capex)	1	0.38	1.86	7.44	2.54
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	35.98	3.29	-19.16	6.74	-7.93
Gross Profit, 1 Yr. Growth %	32.75	-0.21	-29.76	-24.32	16.23
EBITDA, 1 Yr. Growth %	38.41	-1.32	-45.81	-38.95	32.5
EBITA, 1 Yr. Growth %	42.71	0.55	-54.86	-61.31	80.23
EBIT, 1 Yr. Growth %	43.01	0.68	-55.12	-61.79	82.95
Earnings From Cont. Operations, 1 Yr. Growth %	20.98	3.4	-80.36	-0.57	-56.17
Net Income, 1 Yr. Growth %	77.05	31.89	-75.79	-18.58	-19.38
Normalized Net I