Balance Sheet Iberpapel Gestión, S.A.

Equities

IBG

ES0147561015

Paper Products

Delayed BME Other stock markets 07:43:11 2024-09-17 am EDT			5-day change	1st Jan Change
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Jul. 23	Iberpapel Gestión, S.A. Reports Earnings Results for the Half Year Ended June 30, 2024	CI
Apr. 26	Iberpapel Gestión, S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

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Published financial data: IBERPAPEL GESTIÓN, S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	213M	153M	237M	295M	251M
Other Revenues, Total	237K	2.4M	226K	518K	595K
Total Revenues	214M	155M	237M	296M	251M
Cost of Goods Sold, Total	83.38M	62.9M	89.27M	85.41M	105M
Gross Profit	130M	92.38M	148M	210M	147M
Selling General & Admin Expenses, Total	20.3M	20.17M	19.7M	21.19M	22.92M
Depreciation & Amortization - (IS)	-	-	-	-	-
Amortization of Goodwill and Intangible Assets - (IS)	10.7M	10.81M	13.3M	12.47M	12.82M
Other Operating Expenses	77.15M	60.83M	112M	170M	68.36M
Other Operating Expenses, Total	108M	91.81M	145M	203M	104M
Operating Income	22.18M	574K	2.78M	6.75M	42.43M
Interest Expense, Total	-636K	-919K	-594K	-380K	-272K
Interest And Investment Income	174K	117K	1.8M	144K	1.24M
Net Interest Expenses	-462K	-802K	1.21M	-236K	970K
Currency Exchange Gains (Loss)	288K	-497K	158K	531K	338K
Other Non Operating Income (Expenses)	4.11M	2.82M	4.63M	7.81M	10.2M
EBT, Excl. Unusual Items	26.12M	2.09M	8.78M	14.86M	53.94M
Gain (Loss) On Sale Of Assets	8K	-1.65M	31K	-91K	-
Insurance Settlements	-	4.69M	-	2.94M	-
Other Unusual Items	-	-35K	-90K	-228K	-507K
EBT, Incl. Unusual Items	26.13M	5.1M	8.72M	17.47M	53.44M
Income Tax Expense	4.45M	861K	-572K	1.64M	6.31M
Earnings From Continuing Operations	21.68M	4.24M	9.29M	15.84M	47.12M
Net Income to Company	21.68M	4.24M	9.29M	15.84M	47.12M
Net Income - (IS)	21.68M	4.24M	9.29M	15.84M	47.12M
Net Income to Common Incl Extra Items	21.68M	4.24M	9.29M	15.84M	47.12M
Net Income to Common Excl. Extra Items	21.68M	4.24M	9.29M	15.84M	47.12M
Per Share Items
Net EPS - Basic	2.02	0.38	0.84	1.44	4.34
Basic EPS - Continuing Operations	2.02	0.38	0.84	1.44	4.34
Basic Weighted Average Shares Outstanding	10.74M	11.14M	11.07M	10.99M	10.87M
Net EPS - Diluted	2.02	0.38	0.84	1.44	4.34
Diluted EPS - Continuing Operations	2.02	0.38	0.84	1.44	4.34
Diluted Weighted Average Shares Outstanding	10.74M	11.14M	11.07M	10.99M	10.87M
Normalized Basic EPS	1.52	0.12	0.5	0.84	3.1
Normalized Diluted EPS	1.52	0.12	0.5	0.84	3.1
Dividend Per Share	0.54	0.29	0.49	0.39	-
Payout Ratio	35.24	90.12	41.04	17.19	20.42
Supplemental Items
EBITDA	32.82M	11.3M	16.03M	19.11M	55.12M
EBITA	22.18M	574K	2.78M	6.75M	42.43M
EBIT	22.18M	574K	2.78M	6.75M	42.43M
EBITDAR	32.93M	11.43M	16.17M	-	-
Effective Tax Rate - (Ratio)	17.03	16.88	-6.56	9.37	11.81
Total Current Taxes	4.78M	624K	777K	1.22M	7.15M
Total Deferred Taxes	-335K	237K	-1.35M	418K	-837K
Normalized Net Income	16.32M	1.31M	5.49M	9.28M	33.72M
Non-Cash Pension Expense	54K	33K	4K	-	-
Supplemental Operating Expense Items
Net Rental Expense, Total	113K	127K	147K	-	-
Imputed Operating Lease Interest Expense	7.56K	11.06K	9.6K	-	-
Imputed Operating Lease Depreciation	105K	116K	137K	-	-
Maintenance & Repair Expenses, Total	8.87M	9.02M	8.76M	9.43M	9.68M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	147M	126M	105M	77.01M	119M
Short Term Investments	480K	-	-	-	-
Total Cash And Short Term Investments	147M	126M	105M	77.01M	119M
Accounts Receivable, Total	29.34M	21.11M	39.09M	40.86M	30.24M
Other Receivables	4.88M	6.08M	4.09M	8.02M	11.6M
Total Receivables	34.22M	27.19M	43.19M	48.88M	41.84M
Inventory	28.22M	29.42M	20.48M	36.52M	31.46M
Total Current Assets	210M	183M	169M	162M	192M
Gross Property Plant And Equipment	383M	428M	440M	461M	438M
Accumulated Depreciation	-221M	-226M	-239M	-252M	-263M
Net Property Plant And Equipment	162M	202M	201M	210M	175M
Long-term Investments	14K	235K	235K	235K	54K
Other Intangibles, Total	2.75M	2.38M	10.64M	11.53M	11.02M
Loans Receivable Long-Term	1.6M	7.82M	1.15M	1.01M	6.91M
Deferred Tax Assets Long-Term	2.67M	2.54M	3.9M	4.17M	4.28M
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	379M	398M	386M	389M	389M
Liabilities
Accounts Payable, Total	26.84M	31M	45.34M	46.5M	26.3M
Short-term Borrowings	1.82M	728K	1.47M	1.37M	867K
Current Portion of Long-Term Debt	19.19M	13.92M	14.24M	12.98M	5.46M
Current Income Taxes Payable	2.77M	-	51K	-	4.19M
Other Current Liabilities	7.83M	4.69M	15.23M	13.88M	13.38M
Total Current Liabilities	58.44M	50.34M	76.32M	74.74M	50.19M
Long-Term Debt	49.66M	83.46M	36.41M	23.43M	17.96M
Unearned Revenue Non Current	-	-	531K	-	-
Deferred Tax Liability Non Current	178K	285K	301K	983K	256K
Other Non Current Liabilities	3.65M	2.97M	2.62M	2.59M	2.21M
Total Liabilities	112M	137M	116M	102M	70.62M
Common Stock, Total	6.62M	6.62M	6.62M	6.62M	6.45M
Additional Paid In Capital	13.63M	13.63M	13.63M	13.63M	13.63M
Retained Earnings	125M	126M	141M	143M	171M
Treasury Stock	-2.39M	-2.57M	-3.08M	-5.21M	-1.12M
Comprehensive Income and Other	124M	117M	112M	129M	128M
Total Common Equity	267M	261M	270M	287M	318M
Total Equity	267M	261M	270M	287M	318M
Total Liabilities And Equity	379M	398M	386M	389M	389M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	11.14M	11.13M	11.1M	10.94M	10.9M
ECS Total Common Shares Outstanding	11.14M	11.13M	11.1M	10.94M	10.9M
Book Value / Share	23.95	23.44	24.29	26.27	29.21
Tangible Book Value	264M	258M	259M	276M	307M
Tangible Book Value Per Share	23.71	23.22	23.33	25.22	28.2
Total Debt	70.66M	98.11M	52.12M	37.78M	24.29M
Net Debt	-76.82M	-28.22M	-53.12M	-39.23M	-94.46M
Debt Equivalent Oper. Leases	904K	1.02M	1.18M	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	6.93M	6.18M	4.13M	5.68M	5.05M
Inventories - Work In Process, Total	151K	136K	180K	214K	233K
Inventories - Finished Goods, Total	17.67M	19.76M	13.82M	26.83M	22.13M
Inventories - Others	3.47M	3.34M	3.22M	4.31M	4.39M
Land - (BS)	56.72M	55.79M	56.98M	60.85M	45.11M
Machinery, Total	273M	349M	357M	362M	367M
Full Time Employees	294	297	293	290	294
Accumulated Allowance for Doubtful Accounts (Supple)	845K	859K	876K	876K	969K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	21.68M	4.24M	9.29M	15.84M	47.12M
Depreciation & Amortization - CF	10.64M	10.73M	13.24M	12.36M	12.69M
Depreciation & Amortization, Total	10.64M	10.73M	13.24M	12.36M	12.69M
Amortization of Deferred Charges, Total - (CF)	67K	77K	54K	112K	131K
(Gain) Loss From Sale Of Asset	-	-	-	-5.89M	-24.4M
Asset Writedown & Restructuring Costs	38K	3M	-2.1M	349K	93K
Other Operating Activities, Total	-4.57M	-2.11M	9.29M	5.32M	7.06M
Change In Accounts Receivable	3.78M	7.97M	-15.27M	-845K	8.74M
Change In Inventories	-8.02M	-4.18M	11.06M	-16.91M	5.22M
Change In Accounts Payable	-587K	-839K	16.74M	5.63M	-23.52M
Change in Other Net Operating Assets	2.54M	-6.8M	4.58M	156K	-138K
Cash from Operations	25.56M	12.08M	46.88M	16.13M	33.01M
Capital Expenditure	-28.2M	-50.51M	-10.03M	-12.03M	-
Sale of Property, Plant, and Equipment	-	-	-	644K	39.95M
Sale (Purchase) of Intangible assets	-3.26M	-2.9M	-11.77M	-9.36M	-5.4M
Investment in Marketable and Equity Securities, Total	640K	-	-	-2.96M	-1.79M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-30.83M	-53.41M	-21.8M	-23.71M	32.76M
Long-Term Debt Issued, Total	41K	34.18M	-	-	-
Total Debt Issued	41K	34.18M	-	-	-
Long-Term Debt Repaid, Total	-5.57M	-9.04M	-42M	-16.33M	-13.49M
Total Debt Repaid	-5.57M	-9.04M	-42M	-16.33M	-13.49M
Repurchase of Common Stock	-	-181K	-510K	-2.12M	-574K
Common Dividends Paid	-7.64M	-3.82M	-3.81M	-2.72M	-9.62M
Common & Preferred Stock Dividends Paid	-7.64M	-3.82M	-3.81M	-2.72M	-9.62M
Other Financing Activities, Total	334K	-	-	-	-
Cash from Financing	-12.84M	21.14M	-46.32M	-21.18M	-23.69M
Foreign Exchange Rate Adjustments	-6K	-497K	158K	531K	-338K
Net Change in Cash	-18.11M	-20.68M	-21.09M	-28.22M	41.74M
Supplemental Items
Cash Interest Paid	462K	1.04M	-	-	-
Cash Income Tax Paid (Refund)	5.94M	5.66M	502K	1.46M	854K
Levered Free Cash Flow	-13.83M	-38.74M	6.86M	-26.9M	29.35M
Unlevered Free Cash Flow	-13.43M	-38.17M	7.23M	-26.66M	29.52M
Change In Net Working Capital	6.53M	-4.08M	-13.99M	21.96M	4.42M
Net Debt Issued / Repaid	-5.53M	25.14M	-42M	-16.33M	-13.49M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.64	0.09	0.44	1.09	6.82
Return on Total Capital	4.11	0.1	0.51	1.3	7.94
Return On Equity %	8.3	1.61	3.5	5.69	15.56
Return on Common Equity	8.3	1.61	3.5	5.69	15.56
Margin Analysis
Gross Profit Margin %	60.99	59.49	62.4	71.1	58.3
SG&A Margin	9.5	12.99	8.3	7.17	9.12
EBITDA Margin %	15.36	7.28	6.75	6.47	21.93
EBITA Margin %	10.38	0.37	1.17	2.28	16.88
EBIT Margin %	10.38	0.37	1.17	2.28	16.88
Income From Continuing Operations Margin %	10.14	2.73	3.91	5.36	18.75
Net Income Margin %	10.14	2.73	3.91	5.36	18.75
Net Avail. For Common Margin %	10.14	2.73	3.91	5.36	18.75
Normalized Net Income Margin	7.64	0.84	2.31	3.14	13.41
Levered Free Cash Flow Margin	-6.47	-24.95	2.89	-9.1	11.68
Unlevered Free Cash Flow Margin	-6.29	-24.58	3.04	-9.02	11.74
Asset Turnover
Asset Turnover	0.56	0.4	0.61	0.76	0.65
Fixed Assets Turnover	1.36	0.85	1.18	1.44	1.31
Receivables Turnover (Average Receivables)	6.66	6.06	7.88	7.38	7.05
Inventory Turnover (Average Inventory)	3.44	2.18	3.58	3	3.08
Short Term Liquidity
Current Ratio	3.59	3.63	2.21	2.17	3.83
Quick Ratio	3.11	3.05	1.94	1.68	3.2
Operating Cash Flow to Current Liabilities	0.44	0.24	0.61	0.22	0.66
Days Sales Outstanding (Average Receivables)	54.81	60.38	46.31	49.46	51.74
Days Outstanding Inventory (Average Inventory)	106	167.69	102.01	121.79	118.35
Average Days Payable Outstanding	109.92	165.13	173.43	165.21	133.17
Cash Conversion Cycle (Average Days)	50.88	62.94	-25.11	6.04	36.92
Long Term Solvency
Total Debt/Equity	26.48	37.6	19.33	13.15	7.63
Total Debt / Total Capital	20.94	27.33	16.2	11.62	7.09
LT Debt/Equity	18.61	31.99	13.5	8.15	5.64
Long-Term Debt / Total Capital	14.71	23.25	11.32	7.2	5.24
Total Liabilities / Total Assets	29.55	34.44	30.11	26.15	18.15
EBIT / Interest Expense	34.88	0.62	4.69	17.77	156.01
EBITDA / Interest Expense	51.6	12.3	26.98	50.3	202.65
(EBITDA - Capex) / Interest Expense	7.25	-42.67	10.09	18.65	202.65
Total Debt / EBITDA	2.15	8.68	3.25	1.98	0.44
Net Debt / EBITDA	-2.34	-2.5	-3.31	-2.05	-1.71
Total Debt / (EBITDA - Capex)	15.32	-2.5	8.69	5.33	0.44
Net Debt / (EBITDA - Capex)	-16.65	0.72	-8.86	-5.54	-1.71
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-3.44	-27.34	52.91	24.46	-14.95
Gross Profit, 1 Yr. Growth %	-4.88	-29.12	60.4	41.8	-30.26
EBITDA, 1 Yr. Growth %	-10.9	-65.56	41.79	19.26	189.78
EBITA, 1 Yr. Growth %	-14.59	-97.41	385.02	142.53	537.05
EBIT, 1 Yr. Growth %