Balance Sheet Maire S.p.A.

Equities

MAIRE

IT0004931058

Construction & Engineering

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-09-11 am EDT			5-day change	1st Jan Change
7.400 ^EUR	0.00%		-1.53%	+50.71%

Sep. 02	Mib down; wait for European PMI data	AN
Aug. 30	Mib rises to 34,300; Popolare Sondrio best performer	AN

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Published financial data: MAIRE S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	3.3B	2.57B	2.84B	3.42B	4.23B
Other Revenues, Total	15.98M	8.29M	9.31M	12.7M	9.39M
Total Revenues	3.31B	2.58B	2.85B	3.44B	4.24B
Cost of Goods Sold, Total	2.56B	2.02B	2.2B	2.64B	3.27B
Gross Profit	755M	557M	656M	792M	970M
Selling General & Admin Expenses, Total	506M	399M	454M	544M	658M
Provision for Bad Debts	2.82M	4.92M	2.59M	-	-
Depreciation & Amortization - (IS)	43.55M	42.22M	41.18M	48.16M	56.54M
Other Operating Expenses	23.79M	36.65M	37.81M	57.34M	54.93M
Other Operating Expenses, Total	577M	483M	536M	649M	770M
Operating Income	178M	73.81M	120M	142M	200M
Interest Expense, Total	-12.67M	-11.43M	-10.14M	-9.27M	-14.96M
Interest And Investment Income	9.88M	7.29M	8.67M	19.77M	222K
Net Interest Expenses	-2.78M	-4.14M	-1.46M	10.5M	-14.73M
Income (Loss) On Equity Invest.	-3.47M	964K	-2.45M	-	129K
Currency Exchange Gains (Loss)	7.26M	43.33M	2.33M	14.39M	1.65M
Other Non Operating Income (Expenses)	-13.57M	-34.27M	-10.82M	-31.19M	-14.33M
EBT, Excl. Unusual Items	166M	79.7M	108M	136M	173M
Gain (Loss) On Sale Of Investments	34K	-	-	-	-
Gain (Loss) On Sale Of Assets	166K	205K	217K	3.74M	539K
Asset Writedown	-115K	-1.4M	-4K	-	-
Insurance Settlements	2.79M	2.98M	1.6M	1.33M	4.16M
Legal Settlements	-9.96M	-	-	-	-
Other Unusual Items	8.48M	-2.67M	4.13M	-12.08M	8.44M
EBT, Incl. Unusual Items	167M	78.81M	114M	129M	186M
Income Tax Expense	52.31M	24.61M	33.36M	38.74M	56.71M
Earnings From Continuing Operations	115M	54.21M	80.47M	90.35M	130M
Net Income to Company	115M	54.21M	80.47M	90.35M	130M
Minority Interest	-1.71M	3.59M	2.83M	-463K	-4.15M
Net Income - (IS)	113M	57.8M	83.3M	89.89M	125M
Net Income to Common Incl Extra Items	113M	57.8M	83.3M	89.89M	125M
Net Income to Common Excl. Extra Items	113M	57.8M	83.3M	89.89M	125M
Per Share Items
Net EPS - Basic	0.34	0.18	0.25	0.27	0.38
Basic EPS - Continuing Operations	0.34	0.18	0.25	0.27	0.38
Basic Weighted Average Shares Outstanding	329M	329M	328M	329M	329M
Net EPS - Diluted	0.34	0.18	0.25	0.27	0.38
Diluted EPS - Continuing Operations	0.34	0.18	0.25	0.27	0.38
Diluted Weighted Average Shares Outstanding	329M	329M	328M	329M	329M
Normalized Basic EPS	0.31	0.16	0.21	0.26	0.32
Normalized Diluted EPS	0.31	0.16	0.21	0.26	0.32
Dividend Per Share	-	0.12	0.18	0.12	0.2
Payout Ratio	34.61	-	45.76	66.86	32.5
American Depositary Receipts Ratio (ADR)	4	4	4	4	4
Supplemental Items
EBITDA	199M	92.03M	138M	160M	221M
EBITA	195M	86.89M	133M	154M	215M
EBIT	178M	73.81M	120M	142M	200M
EBITDAR	250M	122M	165M	194M	261M
Total Revenues (As Reported)	3.34B	2.63B	2.86B	3.46B	4.26B
Effective Tax Rate - (Ratio)	31.32	31.22	29.31	30.01	30.45
Total Current Taxes	41M	18.77M	38.35M	32.25M	40.34M
Total Deferred Taxes	13.79M	10.16M	-3.76M	6.17M	13.48M
Normalized Net Income	102M	53.4M	70.26M	84.6M	104M
Interest on Long-Term Debt	12.66M	11.42M	10.14M	9.27M	14.96M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	6.86M	8.14M	9.19M	9.49M	10.78M
Net Rental Expense, Total	50.98M	30.25M	26.78M	34.38M	39.82M
Imputed Operating Lease Interest Expense	6.54M	2.83M	2.19M	2.71M	5.14M
Imputed Operating Lease Depreciation	44.44M	27.42M	24.58M	31.67M	34.68M
Maintenance & Repair Expenses, Total	10.04M	7.76M	10.66M	10.54M	13.39M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	727M	705M	677M	762M	916M
Trading Asset Securities, Total	-	-	-	3.9M	2.86M
Total Cash And Short Term Investments	727M	705M	677M	766M	918M
Accounts Receivable, Total	2.45B	2.58B	2.82B	2.96B	3.7B
Other Receivables	297M	175M	228M	275M	341M
Total Receivables	2.74B	2.75B	3.05B	3.24B	4.04B
Inventory	442M	485M	479M	365M	362M
Prepaid Expenses	10.89M	13.95M	16.14M	22.87M	59.88M
Other Current Assets, Total	105M	187M	167M	137M	85.22M
Total Current Assets	4.03B	4.14B	4.38B	4.53B	5.47B
Gross Property Plant And Equipment	267M	279M	295M	315M	331M
Accumulated Depreciation	-75.92M	-102M	-124M	-138M	-155M
Net Property Plant And Equipment	191M	177M	171M	177M	176M
Long-term Investments	26.57M	26.66M	27.38M	32.17M	28.54M
Goodwill	296M	294M	294M	295M	327M
Other Intangibles, Total	59.06M	71.9M	87.12M	95.58M	116M
Accounts Receivable Long-Term	124M	93.47M	105M	62.16M	23.14M
Deferred Tax Assets Long-Term	32.42M	25.87M	40.6M	53.49M	57.19M
Deferred Charges Long-Term	13.67M	11.45M	14.43M	14.75M	21.85M
Other Long-Term Assets, Total	61.76M	76.53M	86.32M	129M	121M
Total Assets	4.84B	4.92B	5.21B	5.39B	6.34B
Liabilities
Accounts Payable, Total	1.96B	1.71B	1.89B	2.3B	2.63B
Accrued Expenses, Total	116M	63.91M	87.68M	95.64M	101M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	351M	119M	157M	357M	228M
Current Portion of Leases	22.21M	20.76M	21.28M	22.56M	24.66M
Current Income Taxes Payable	24.49M	16.56M	30.68M	26.05M	65.58M
Unearned Revenue Current, Total	989M	1.23B	1.26B	1.01B	1.53B
Other Current Liabilities	209M	284M	358M	346M	364M
Total Current Liabilities	3.67B	3.44B	3.81B	4.15B	4.94B
Long-Term Debt	442M	767M	636M	471M	538M
Long-Term Leases	128M	115M	107M	110M	104M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	10.93M	10.49M	10.79M	10.19M	10.53M
Deferred Tax Liability Non Current	27.94M	21.32M	37.4M	48.62M	61.8M
Other Non Current Liabilities	105M	121M	84.82M	74.1M	110M
Total Liabilities	4.39B	4.47B	4.68B	4.86B	5.76B
Common Stock, Total	19.92M	19.92M	19.92M	19.92M	19.92M
Additional Paid In Capital	273M	273M	273M	273M	273M
Retained Earnings	138M	196M	241M	264M	308M
Comprehensive Income and Other	-22.17M	-75.62M	-40.15M	-65.77M	-74.09M
Total Common Equity	409M	413M	493M	492M	527M
Minority Interest	40.39M	35.44M	34.1M	36.48M	52.86M
Total Equity	449M	448M	527M	528M	580M
Total Liabilities And Equity	4.84B	4.92B	5.21B	5.39B	6.34B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	329M	329M	328M	329M	329M
ECS Total Common Shares Outstanding	329M	329M	328M	329M	329M
Book Value / Share	1.24	1.26	1.5	1.5	1.6
Tangible Book Value	53.35M	46.62M	112M	101M	83.75M
Tangible Book Value Per Share	0.16	0.14	0.34	0.31	0.25
Total Debt	943M	1.02B	921M	961M	894M
Net Debt	216M	316M	244M	194M	-24.45M
Debt Equivalent Oper. Leases	408M	242M	214M	275M	319M
Minority Interest, Total (Incl. Fin. Div)	40.39M	35.44M	34.1M	36.48M	52.86M
Equity Method Investments, Total	15.9M	16.91M	14.02M	14.07M	13.53M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	-	-	-	-	2.48M
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	2.74M	3.22M	1.84M	3.95M	6.74M
Land - (BS)	4.11M	4M	4.18M	2.91M	2.87M
Buildings, Total	30.32M	31.7M	33.96M	34.2M	36.03M
Machinery, Total	14.19M	14.28M	16.44M	19.12M	18.92M
Full Time Employees	6.35K	5.96K	6.36K	6.45K	7.98K
Accumulated Allowance for Doubtful Accounts (Supple)	10.86M	17.28M	15.18M	14.73M	14.68M
Order Backlog	6.37B	6B	9.49B	8.61B	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	113M	57.8M	83.3M	89.89M	125M
Depreciation & Amortization - CF	27.16M	29.14M	28.61M	30.46M	32.79M
Amortization of Goodwill and Intangible Assets - (CF)	16.39M	13.08M	12.57M	11.27M	14.46M
Depreciation & Amortization, Total	43.55M	42.22M	41.18M	41.72M	47.25M
Amortization of Deferred Charges, Total - (CF)	-	-	-	6.44M	9.29M
(Gain) Loss From Sale Of Asset	43K	87K	-69K	-3.32M	-412K
(Gain) Loss on Sale of Investments - (CF)	3.47M	-964K	2.45M	-2.16M	-129K
Asset Writedown & Restructuring Costs	115K	1.4M	4K	-	-
Other Operating Activities, Total	22.52M	19.04M	3.37M	9.24M	22.48M
Change In Accounts Receivable	-516M	-156M	-243M	-159M	-860M
Change In Inventories	-111M	-42.83M	6.4M	114M	2.36M
Change In Accounts Payable	575M	-272M	358M	207M	643M
Change in Unearned Revenues	-30.58M	272M	-185M	-32.25M	220M
Change in Other Net Operating Assets	-116M	58.07M	130M	4.07M	161M
Cash from Operations	-17.03M	-20.59M	196M	276M	370M
Capital Expenditure	-5.19M	-2.97M	-7.41M	-4.84M	-10.26M
Cash Acquisitions	-14.26M	-	-	-2.42M	-25.58M
Divestitures	-	9.51M	-	-	-
Sale (Purchase) of Intangible assets	-5.73M	-22.2M	-23.19M	-19.55M	-24.28M
Investment in Marketable and Equity Securities, Total	4.14M	-	-	1.6M	1.16M
Other Investing Activities, Total	-846K	878K	-418K	-	-
Cash from Investing	-21.88M	-14.78M	-31.02M	-25.22M	-58.96M
Short Term Debt Issued, Total	115M	-	-	90.76M	-
Long-Term Debt Issued, Total	104M	375M	1.49M	2.5M	242M
Total Debt Issued	218M	375M	1.49M	93.26M	242M
Short Term Debt Repaid, Total	-	-281M	-88.68M	-	-142M
Long-Term Debt Repaid, Total	-39.88M	-57.58M	-79.2M	-138M	-184M
Total Debt Repaid	-39.88M	-338M	-168M	-138M	-326M
Repurchase of Common Stock	-3.16M	-	-5.48M	-2.92M	-3.82M
Common Dividends Paid	-39.11M	-	-38.12M	-60.1M	-40.74M
Common & Preferred Stock Dividends Paid	-39.11M	-	-38.12M	-60.1M	-40.74M
Other Financing Activities, Total	-18.2M	-23.22M	16.28M	-57.11M	-27.17M
Cash from Financing	118M	13.3M	-194M	-165M	-156M
Miscellaneous Cash Flow Adjustments	-2K	-	-	-	-
Net Change in Cash	79.04M	-22.07M	-28.23M	85.36M	155M
Supplemental Items
Cash Interest Paid	5.86M	5.99M	5.24M	4.34M	5.58M
Cash Income Tax Paid (Refund)	52.95M	52.73M	43.43M	64.18M	70.15M
Levered Free Cash Flow	77.18M	-89.01M	169M	189M	267M
Unlevered Free Cash Flow	85.1M	-81.87M	176M	195M	277M
Change In Net Working Capital	58.9M	145M	-89.91M	-82.47M	-129M
Net Debt Issued / Repaid	178M	36.53M	-166M	-45.06M	-84.1M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.59	0.95	1.48	1.68	2.13
Return on Total Capital	9.39	3.23	5.08	6.06	8.45
Return On Equity %	28.98	12.08	16.5	17.12	23.38
Return on Common Equity	31.46	14.07	18.39	18.26	24.62
Margin Analysis
Gross Profit Margin %	22.78	21.6	23	23.04	22.87
SG&A Margin	15.28	15.49	15.92	15.83	15.52
EBITDA Margin %	6.01	3.57	4.83	4.64	5.2
EBITA Margin %	5.87	3.37	4.66	4.47	5.07
EBIT Margin %	5.38	2.86	4.22	4.14	4.72
Income From Continuing Operations Margin %	3.46	2.1	2.82	2.63	3.05
Net Income Margin %	3.41	2.24	2.92	2.62	2.96
Net Avail. For Common Margin %	3.41	2.24	2.92	2.62	2.96
Normalized Net Income Margin	3.07	2.07	2.46	2.46	2.45
Levered Free Cash Flow Margin	2.33	-3.45	5.93	5.51	6.3
Unlevered Free Cash Flow Margin	2.57	-3.18	6.16	5.68	6.52
Asset Turnover
Asset Turnover	0.77	0.53	0.56	0.65	0.72
Fixed Assets Turnover