Cash flow Instalco AB

Equities

INSTAL

SE0017483506

Construction & Engineering

Real-time Estimate Cboe Europe Other stock markets 03:40:23 2024-12-03 am EST			5-day change	1st Jan Change
30.83 ^SEK	-0.93%		-0.96%	-24.45%

Nov. 25	No changes expected in OMXS30 this time - Di	FW
Nov. 15	FABRI AG announced that it has received funding from Instalco AB	CI

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Published financial data: INSTALCO AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	5.69B	7.12B	8.89B	12.06B	14.28B
Other Revenues, Total	-	-1M	-	1M	-
Total Revenues	5.69B	7.12B	8.89B	12.06B	14.28B
Cost of Goods Sold, Total	2.94B	3.72B	4.55B	6.19B	7.22B
Gross Profit	2.76B	3.4B	4.34B	5.88B	7.06B
Selling General & Admin Expenses, Total	2.17B	2.67B	3.5B	4.77B	5.74B
Depreciation & Amortization - (IS)	95M	135M	198M	381M	517M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	-16M	-33M	-89M	-48M	-79M
Other Operating Expenses, Total	2.25B	2.77B	3.6B	5.11B	6.18B
Operating Income	502M	627M	733M	772M	884M
Interest Expense, Total	-18M	-13M	-15M	-50M	-151M
Interest And Investment Income	3M	23M	23M	38M	93M
Net Interest Expenses	-15M	10M	8M	-12M	-58M
Currency Exchange Gains (Loss)	-	-12M	-17M	-56M	-20M
Other Non Operating Income (Expenses)	-4M	-6M	-13M	-21M	-29M
EBT, Excl. Unusual Items	483M	619M	711M	683M	777M
Merger & Related Restructuring Charges	-10M	-10M	-11M	-12M	-8M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-	-14M	-	25M	23M
EBT, Incl. Unusual Items	473M	595M	700M	696M	792M
Income Tax Expense	101M	133M	142M	145M	177M
Earnings From Continuing Operations	372M	462M	558M	551M	615M
Net Income to Company	372M	462M	558M	551M	615M
Minority Interest	-2M	-6M	-12M	-31M	-14M
Net Income - (IS)	370M	456M	546M	520M	601M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	370M	456M	546M	520M	601M
Net Income to Common Excl. Extra Items	370M	456M	546M	520M	601M
Per Share Items
Net EPS - Basic	1.52	1.8	2.1	2	2.29
Basic EPS - Continuing Operations	1.52	1.8	2.1	2	2.29
Basic Weighted Average Shares Outstanding	244M	253M	260M	261M	263M
Net EPS - Diluted	1.46	1.76	2.06	1.96	2.26
Diluted EPS - Continuing Operations	1.46	1.76	2.06	1.96	2.26
Diluted Weighted Average Shares Outstanding	254M	259M	265M	266M	266M
Normalized Basic EPS	1.23	1.51	1.66	1.52	1.8
Normalized Diluted EPS	1.18	1.47	1.63	1.49	1.77
Dividend Per Share	0.46	0.54	0.65	0.66	0.68
Payout Ratio	19.73	25.22	25.82	32.5	28.62
Supplemental Items
EBITDA	514M	642M	779M	946M	1.14B
EBITA	502M	629M	760M	906M	1.08B
EBIT	502M	627M	733M	772M	884M
EBITDAR	-	-	813M	1.05B	1.21B
Total Revenues (As Reported)	5.76B	7.18B	9B	12.18B	14.4B
Effective Tax Rate - (Ratio)	21.35	22.35	20.29	20.83	22.35
Total Current Taxes	89M	113M	125M	142M	221M
Total Deferred Taxes	12M	20M	17M	3M	-44M
Normalized Net Income	300M	381M	432M	396M	472M
Interest on Long-Term Debt	17M	13M	7M	9M	13M
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	34M	104M	67M
Imputed Operating Lease Interest Expense	-	-	2.25M	15.22M	23.65M
Imputed Operating Lease Depreciation	-	-	31.75M	88.78M	43.35M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	317M	386M	695M	631M	267M
Short Term Investments	-	-	1M	-	-
Total Cash And Short Term Investments	317M	386M	696M	631M	267M
Accounts Receivable, Total	1.2B	1.4B	1.97B	2.51B	2.72B
Other Receivables	153M	97M	127M	177M	168M
Total Receivables	1.35B	1.5B	2.09B	2.69B	2.89B
Inventory	45M	62M	104M	159M	202M
Prepaid Expenses	4M	107M	101M	158M	271M
Other Current Assets, Total	-	-	1M	-	-
Total Current Assets	1.72B	2.05B	3B	3.64B	3.63B
Gross Property Plant And Equipment	454M	601M	871M	1.21B	1.76B
Accumulated Depreciation	-197M	-237M	-333M	-461M	-644M
Net Property Plant And Equipment	257M	364M	538M	746M	1.11B
Long-term Investments	1M	7M	21M	22M	63M
Goodwill	2.19B	2.78B	3.85B	4.61B	5.29B
Other Intangibles, Total	4M	10M	176M	543M	596M
Deferred Tax Assets Long-Term	3M	7M	2M	5M	22M
Other Long-Term Assets, Total	7M	6M	9M	11M	7M
Total Assets	4.18B	5.23B	7.59B	9.57B	10.72B
Liabilities
Accounts Payable, Total	420M	588M	788M	1.04B	1.05B
Accrued Expenses, Total	335M	447M	542M	634M	740M
Current Portion of Long-Term Debt	-	-	4M	4M	6M
Current Portion of Leases	84M	103M	137M	181M	232M
Current Income Taxes Payable	34M	40M	33M	16M	71M
Unearned Revenue Current, Total	357M	349M	403M	461M	549M
Other Current Liabilities	275M	420M	791M	524M	648M
Total Current Liabilities	1.5B	1.95B	2.7B	2.86B	3.3B
Long-Term Debt	971M	980M	1.9B	2.57B	2.97B
Long-Term Leases	129M	210M	295M	372M	507M
Deferred Tax Liability Non Current	86M	119M	192M	320M	385M
Other Non Current Liabilities	1M	-	-	298M	164M
Total Liabilities	2.69B	3.26B	5.09B	6.42B	7.33B
Common Stock, Total	1M	1M	1M	1M	1M
Additional Paid In Capital	702M	942M	996M	996M	1.13B
Retained Earnings	757M	1.08B	1.48B	1.83B	2.08B
Comprehensive Income and Other	22M	-68M	0	117M	0
Total Common Equity	1.48B	1.96B	2.48B	2.94B	3.21B
Minority Interest	2M	12M	19M	208M	183M
Total Equity	1.48B	1.97B	2.5B	3.15B	3.39B
Total Liabilities And Equity	4.18B	5.23B	7.59B	9.57B	10.72B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	247M	260M	250M	260M	264M
ECS Total Common Shares Outstanding	247M	260M	250M	260M	264M
Book Value / Share	6	7.55	9.92	11.31	12.16
Tangible Book Value	-711M	-830M	-1.54B	-2.21B	-2.68B
Tangible Book Value Per Share	-2.88	-3.2	-6.16	-8.49	-10.15
Total Debt	1.18B	1.29B	2.34B	3.13B	3.72B
Net Debt	867M	907M	1.64B	2.5B	3.45B
Debt Equivalent Oper. Leases	-	-	272M	832M	536M
Minority Interest, Total (Incl. Fin. Div)	2M	12M	19M	208M	183M
Equity Method Investments, Total	1M	4M	10M	8M	14M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Finished Goods, Total	45M	62M	104M	159M	202M
Machinery, Total	49M	61M	-	-	-
Full Time Employees	3.1K	3.86K	4.89K	5.61K	6.28K
Accumulated Allowance for Doubtful Accounts (Supple)	23M	41M	21M	32M	24M
Order Backlog	4.86B	6.62B	6.8B	8.38B	8.44B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	370M	456M	546M	520M	601M
Depreciation & Amortization - CF	95M	133M	171M	248M	327M
Amortization of Goodwill and Intangible Assets - (CF)	-	2M	27M	134M	191M
Depreciation & Amortization, Total	95M	135M	198M	382M	518M
(Gain) Loss From Sale Of Asset	-8M	-2M	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-1M	-7M	-	-	-
Asset Writedown & Restructuring Costs	18M	-	-	-	-
Provision and Write-off of Bad Debts	-	25M	-7M	21M	12M
Other Operating Activities, Total	0	9M	3M	-33M	-85M
Change In Accounts Receivable	-83M	-28M	-195M	-263M	-67M
Change In Inventories	6M	-3M	-5M	-28M	-36M
Change In Accounts Payable	98M	104M	70M	154M	56M
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	495M	689M	610M	753M	999M
Capital Expenditure	-10M	-14M	-23M	-54M	-82M
Sale of Property, Plant, and Equipment	4M	8M	15M	20M	22M
Cash Acquisitions	-560M	-582M	-953M	-1.04B	-1.19B
Sale (Purchase) of Intangible assets	-2M	-3M	-3M	-10M	-27M
Investment in Marketable and Equity Securities, Total	6M	6M	-6M	7M	-14M
Other Investing Activities, Total	-	1M	-1M	-	-
Cash from Investing	-562M	-584M	-971M	-1.08B	-1.29B
Long-Term Debt Issued, Total	331M	70M	917M	3.53B	650M
Total Debt Issued	331M	70M	917M	3.53B	650M
Long-Term Debt Repaid, Total	-198M	-193M	-160M	-3.11B	-621M
Total Debt Repaid	-198M	-193M	-160M	-3.11B	-621M
Issuance of Common Stock	100M	222M	53M	-	80M
Repurchase of Common Stock	-	-14M	-	-	-31M
Common Dividends Paid	-73M	-115M	-141M	-169M	-172M
Common & Preferred Stock Dividends Paid	-73M	-115M	-141M	-169M	-172M
Other Financing Activities, Total	-1M	18M	-12M	-10M	9M
Cash from Financing	159M	-12M	657M	240M	-85M
Foreign Exchange Rate Adjustments	5M	-22M	12M	22M	11M
Miscellaneous Cash Flow Adjustments	1M	-1M	1M	1M	-
Net Change in Cash	98M	70M	309M	-64M	-364M
Supplemental Items
Cash Interest Paid	17M	17M	21M	53M	164M
Cash Income Tax Paid (Refund)	103M	125M	150M	214M	191M
Levered Free Cash Flow	434M	656M	702M	184M	895M
Unlevered Free Cash Flow	446M	664M	711M	216M	990M
Change In Net Working Capital	-49M	-154M	-81M	585M	-28M
Net Debt Issued / Repaid	133M	-123M	757M	419M	29M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	8.72	8.33	7.15	5.62	5.45
Return on Total Capital	13.61	13.21	11.3	8.68	8.26
Return On Equity %	29.14	26.74	24.95	19.49	18.8
Return on Common Equity	29.01	26.5	24.58	19.17	19.54
Margin Analysis
Gross Profit Margin %	48.4	47.76	48.8	48.72	49.47
SG&A Margin	38.19	37.52	39.32	39.56	40.21
EBITDA Margin %	9.03	9.02	8.76	7.84	7.98
EBITA Margin %	8.82	8.83	8.55	7.51	7.53
EBIT Margin %	8.82	8.8	8.25	6.4	6.19
Income From Continuing Operations Margin %	6.54	6.49	6.28	4.57	4.31
Net Income Margin %	6.5	6.4	6.14	4.31	4.21
Net Avail. For Common Margin %	6.5	6.4	6.14	4.31	4.21
Normalized Net Income Margin	5.27	5.35	4.86	3.28	3.3
Levered Free Cash Flow Margin	7.63	9.21	7.89	1.53	6.27
Unlevered Free Cash Flow Margin	7.83	9.32	8	1.79	6.93
Asset Turnover
Asset Turnover	1.58	1.51	1.39	1.41	1.41
Fixed Assets Turnover	26.6	22.93	19.71	18.79	15.36
Receivables Turnover (Average Receivables)	5.42	5.48	5.28	5.39	5.46
Inventory Turnover (Average Inventory)	79.38	69.53	54.84	47.04	39.97
Short Term Liquidity
Current Ratio	1.14	1.05	1.11	1.27	1.1
Quick Ratio	1.11	0.97	1.03	1.16	0.96
Operating Cash Flow to Current Liabilities	0.33	0.35	0.23	0.26	0.3
Days Sales Outstanding (Average Receivables)	67.3	66.76	69.16	67.75	66.84
Days Outstanding Inventory (Average Inventory)	4.6	5.26	6.66	7.76	9.13
Average Days Payable Outstanding	45.55	49.36	54.66	53.51	52.65
Cash Conversion Cycle (Average Days)	26.35	22.66	21.15	21.99	23.32
Long Term Solvency
Total Debt/Equity	79.78	65.57	93.52	99.18	109.65
Total Debt / Total Capital	44.38	39.6	48.33	49.79	52.3
LT Debt/Equity	74.12	60.34	87.88	93.31	102.63
Long-Term Debt / Total Capital	41.23	36.45	45.41	46.85	48.95
Total Liabilities / Total Assets	64.46	62.28	67.04	67.07	68.36
EBIT / Interest Expense	27.89	48.23	48.87	15.44	5.85
EBITDA / Interest Expense	33.17	58.62	62.07	23.08	9.28
(EBITDA - Capex) / Interest Expense	32.61	57.54	60.53	22	8.74
Total Debt / EBITDA	1.98	1.7	2.51	2.71	2.65
Net Debt / EBITDA	1.45	1.19	1.76	2.16	2.46
Total Debt / (EBITDA - Capex)	2.02	1.73	2.58	2.84	2.82
Net Debt / (EBITDA - Capex)	1.48	1.21	1.81	2.27	2.61
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	28.92	25.11	24.82	35.7	18.37
Gross Profit, 1 Yr. Growth %	29.95	23.45	27.51	35.5	20.2
EBITDA, 1 Yr. Growth %	45.61	25.64	21.15	26.47	20.53
EBITA, 1 Yr. Growth %	45.93	25.8	20.83	24.28	18.78
EBIT, 1 Yr. Growth %	45.93	25.65	16.72	9.97	14.66
Earnings From Cont. Operations, 1 Yr. Growth %	49.4	24.19	20.78	-1.25	11.62
Net Income, 1 Yr. Growth %	48.59	23.24	19.74	-4.76	15.58
Normalized Net Income, 1 Yr. Growth %	46.73	27.81	13.52	-4.15	19.13
Diluted EPS Before Extra, 1 Yr. Growth %	43.14	20.41	17.29	-4.85	15.31
Accounts Receivable, 1 Yr. Growth %	32.45	17.22	40.3	27.66	8.28
Inventory, 1 Yr. Growth %