Cash flow MPM Corpóreos S.A.

Equities

ESPA3

BRESPAACNOR7

Personal Services

Market Closed - Sao Paulo Other stock markets 04:05:00 2024-09-09 pm EDT			5-day change	1st Jan Change
1.080 ^BRL	-6.09%		-6.09%	-11.48%

Aug. 08	MPM Corpóreos S.A. Reports Earnings Results for the Half Year Ended June 30, 2024	CI
May. 10	MPM Corpóreos S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

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Published financial data: MPM CORPÓREOS S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	648M	522M	714M	907M	1.01B
Total Revenues	648M	522M	714M	907M	1.01B
Cost of Goods Sold, Total	289M	287M	424M	577M	635M
Gross Profit	359M	235M	291M	330M	372M
Selling General & Admin Expenses, Total	204M	169M	184M	239M	255M
Other Operating Expenses	-211K	-2.57M	-1.7M	-7.13M	-10.4M
Other Operating Expenses, Total	204M	166M	182M	232M	245M
Operating Income	155M	68.88M	109M	98.3M	127M
Interest Expense, Total	-34.76M	-63.11M	-55.64M	-105M	-134M
Interest And Investment Income	3.19M	4.02M	5.99M	14.05M	26.18M
Net Interest Expenses	-31.58M	-59.09M	-49.65M	-91.23M	-108M
Income (Loss) On Equity Invest.	-	-174K	120M	5.72M	610K
Currency Exchange Gains (Loss)	-220K	-191K	-402K	-34.05M	-7.6M
Other Non Operating Income (Expenses)	-16.12M	97.56M	3.33M	-22.89M	-5.9M
EBT, Excl. Unusual Items	107M	107M	182M	-44.14M	5.96M
Other Unusual Items	5.37M	9.12M	1.59M	-	-
EBT, Incl. Unusual Items	112M	116M	183M	-44.14M	5.96M
Income Tax Expense	46.84M	57.28M	4.22M	7.22M	31.48M
Earnings From Continuing Operations	65.38M	58.82M	179M	-51.37M	-25.52M
Net Income to Company	65.38M	58.82M	179M	-51.37M	-25.52M
Minority Interest	-14.35M	3.28M	1.31M	1.17M	2.4M
Net Income - (IS)	51.03M	62.1M	180M	-50.2M	-23.11M
Net Income to Common Incl Extra Items	51.03M	62.1M	180M	-50.2M	-23.11M
Net Income to Common Excl. Extra Items	51.03M	62.1M	180M	-50.2M	-23.11M
Per Share Items
Net EPS - Basic	0.29	0.35	0.76	-0.19	-0.06
Basic EPS - Continuing Operations	0.29	0.35	0.76	-0.19	-0.06
Basic Weighted Average Shares Outstanding	176M	176M	236M	266M	361M
Net EPS - Diluted	0.29	0.35	0.76	-0.19	-0.06
Diluted EPS - Continuing Operations	0.29	0.35	0.76	-0.19	-0.06
Diluted Weighted Average Shares Outstanding	176M	176M	236M	266M	361M
Normalized Basic EPS	0.3	0.4	0.49	-0.1	0.02
Normalized Diluted EPS	0.3	0.4	0.49	-0.1	0.02
Dividend Per Share	-	0.06	-	-	-
Payout Ratio	19.6	16.1	19.25	-	-
Supplemental Items
EBITDA	186M	99.04M	139M	156M	189M
EBITA	171M	86.07M	129M	118M	146M
EBIT	155M	68.88M	109M	98.3M	127M
EBITDAR	219M	124M	183M	225M	261M
Effective Tax Rate - (Ratio)	41.74	49.34	2.3	-16.37	528.03
Current Domestic Taxes	51.7M	39.98M	48.82M	-	-
Total Current Taxes	51.7M	39.98M	48.82M	10.87M	21.77M
Deferred Domestic Taxes	-4.86M	17.3M	-44.6M	-	-
Total Deferred Taxes	-4.86M	17.3M	-44.6M	-3.65M	5.49M
Normalized Net Income	52.44M	70.14M	115M	-26.42M	6.13M
Interest on Long-Term Debt	-	63.35M	66.89M	112M	141M
Supplemental Operating Expense Items
Advertising Expense	20.81M	21.12M	-	-	-
Marketing Expenses	5.97M	4.43M	19.8M	37.18M	50.83M
Selling and Marketing Expenses	26.92M	25.56M	34.42M	55.91M	72.76M
General and Administrative Expenses	177M	143M	149M	183M	182M
Net Rental Expense, Total	32.87M	25.2M	43.94M	69.59M	72.57M
Imputed Operating Lease Interest Expense	38.04M	30.36M	27.69M	64.69M	87.26M
Imputed Operating Lease Depreciation	-5.16M	-5.16M	16.25M	4.9M	-14.69M
Maintenance & Repair Expenses, Total	4.01M	2.31M	-	-	-
Stock-Based Comp., Other (Total)	1.31M	2.93M	5.31M	3.01M	528K
Total Stock-Based Compensation	1.31M	2.93M	5.31M	3.01M	528K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	55.11M	149M	143M	238M	158M
Short Term Investments	-	14.77M	-	-	-
Total Cash And Short Term Investments	55.11M	164M	143M	238M	158M
Accounts Receivable, Total	380M	438M	657M	691M	738M
Other Receivables	-	-	-	-	40.73M
Total Receivables	380M	438M	657M	691M	779M
Other Current Assets, Total	15.1M	238M	51.01M	50.75M	15.91M
Total Current Assets	451M	840M	851M	980M	953M
Gross Property Plant And Equipment	269M	291M	463M	514M	565M
Accumulated Depreciation	-39.52M	-57.43M	-94.22M	-128M	-164M
Net Property Plant And Equipment	229M	233M	368M	387M	401M
Long-term Investments	-	1.64M	23.55M	18.09M	20M
Goodwill	156M	167M	669M	664M	664M
Other Intangibles, Total	192M	180M	183M	158M	141M
Accounts Receivable Long-Term	42.53M	8.12M	52.11M	74.88M	67.1M
Deferred Tax Assets Long-Term	7.51M	-	36.35M	41.24M	35.74M
Other Long-Term Assets, Total	46.98M	30.31M	32.33M	5.63M	3.01M
Total Assets	1.13B	1.46B	2.22B	2.33B	2.28B
Liabilities
Accounts Payable, Total	24.42M	13.47M	25.44M	27.78M	27.88M
Accrued Expenses, Total	44.86M	45.8M	75.67M	93.23M	125M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	66.22M	148M	209M	62.08M	402M
Current Portion of Leases	37.1M	28.32M	67.95M	57.61M	54.32M
Current Income Taxes Payable	26.29M	28.87M	6.47M	2.11M	18.99M
Unearned Revenue Current, Total	180M	279M	287M	304M	305M
Other Current Liabilities	41.89M	103M	89.16M	16.91M	17.44M
Total Current Liabilities	421M	646M	761M	563M	950M
Long-Term Debt	154M	303M	533M	747M	350M
Long-Term Leases	61.03M	40.42M	83.21M	52.85M	62.74M
Deferred Tax Liability Non Current	-	8.25M	-	-	-
Other Non Current Liabilities	266M	114M	118M	78.17M	60.99M
Total Liabilities	902M	1.11B	1.5B	1.44B	1.42B
Common Stock, Total	98.4M	98.4M	1.3B	1.48B	1.48B
Additional Paid In Capital	72M	72M	72M	72M	72M
Retained Earnings	41.5M	91.13M	242M	192M	160M
Comprehensive Income and Other	-12.24M	72.67M	-901M	-867M	-858M
Total Common Equity	200M	334M	716M	881M	858M
Minority Interest	23.51M	14.45M	4.47M	6.46M	2.57M
Total Equity	223M	349M	721M	887M	860M
Total Liabilities And Equity	1.13B	1.46B	2.22B	2.33B	2.28B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	176M	176M	244M	361M	361M
ECS Total Common Shares Outstanding	176M	176M	244M	361M	361M
Book Value / Share	1.13	1.9	2.93	2.44	2.37
Tangible Book Value	-149M	-12.7M	-135M	59.16M	52.82M
Tangible Book Value Per Share	-0.84	-0.07	-0.55	0.16	0.15
Total Debt	318M	520M	893M	919M	869M
Net Debt	263M	356M	749M	681M	711M
Debt Equivalent Oper. Leases	263M	202M	352M	557M	581M
Minority Interest, Total (Incl. Fin. Div)	23.51M	14.45M	4.47M	6.46M	2.57M
Account Code - Inventory Valuation	3	3	-	3	3
Machinery, Total	153M	191M	336M	345M	380M
Full Time Employees	2.5K	3.2K	5.05K	4.87K	4.66K
Accumulated Allowance for Doubtful Accounts (Supple)	42.6M	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	51.03M	62.1M	180M	-50.2M	-23.11M
Depreciation & Amortization - CF	42.48M	39.01M	43.78M	67.18M	74.3M
Amortization of Goodwill and Intangible Assets - (CF)	16.11M	17.18M	20.11M	19.97M	18.72M
Depreciation & Amortization, Total	58.59M	56.19M	63.89M	87.15M	93.02M
Amortization of Deferred Charges, Total - (CF)	612K	775K	1.09M	956K	996K
Asset Writedown & Restructuring Costs	-4.54M	-131K	24.77M	13.26M	13.72M
Provision for Credit Losses	30.48M	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-	174K	-1.48M	2.03M	-610K
Stock-Based Compensation (CF)	1.31M	2.93M	5.31M	3.01M	528K
Provision and Write-off of Bad Debts	-	16.93M	28.96M	6.73M	21.87M
Other Operating Activities, Total	82.84M	-10.6M	-27.88M	-4.07M	-3.86M
Change In Accounts Receivable	-147M	-34.16M	-225M	-67.16M	-63.89M
Change In Inventories	20.05M	-3.23M	-17.25M	-	-
Change In Accounts Payable	525K	-14.84M	11.97M	8.18M	9.84M
Change in Unearned Revenues	15.94M	94.55M	-39.52M	15.59M	951K
Change In Income Taxes	-42.1M	-41.19M	-55.7M	-18.89M	8.98M
Change in Other Net Operating Assets	-11.5M	-20.86M	19.95M	13.25M	12.08M
Cash from Operations	55.82M	109M	-30.57M	9.83M	70.51M
Capital Expenditure	-47.48M	-38.84M	-101M	-58.78M	-41.88M
Sale of Property, Plant, and Equipment	-	-	-	-	7.4M
Cash Acquisitions	-32.54M	-63.93M	-1.5B	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-39.7M	-13.64M	-2.45M	-1.44M	-3.54M
Investment in Marketable and Equity Securities, Total	-	-14.77M	-	-92.02M	-1.37M
Other Investing Activities, Total	-	-	108K	-	-
Cash from Investing	-120M	-131M	-1.61B	-152M	-39.38M
Long-Term Debt Issued, Total	184M	454M	569M	955M	8.82M
Total Debt Issued	184M	454M	569M	955M	8.82M
Long-Term Debt Repaid, Total	-127M	-297M	-263M	-936M	-120M
Total Debt Repaid	-127M	-297M	-263M	-936M	-120M
Issuance of Common Stock	-	1.24M	1.2B	225M	-
Common Dividends Paid	-10M	-10M	-34.74M	-	-
Common & Preferred Stock Dividends Paid	-10M	-10M	-34.74M	-	-
Other Financing Activities, Total	2.4M	-31.11M	156M	-6.68M	-
Cash from Financing	49.75M	116M	1.63B	237M	-112M
Net Change in Cash	-14.14M	93.84M	-5.5M	94.95M	-80.43M
Supplemental Items
Cash Interest Paid	30.64M	46M	47.5M	111M	127M
Cash Income Tax Paid (Refund)	-	37.4M	1.06M	-8.53M	27.09M
Levered Free Cash Flow	-9.13M	-118M	-16.83M	-35.08M	42.32M
Unlevered Free Cash Flow	12.6M	-78.65M	17.95M	30.72M	126M
Change In Net Working Capital	57.47M	129M	16.99M	61.62M	2.24M
Net Debt Issued / Repaid	57.35M	156M	307M	19.03M	-112M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	10.18	3.33	3.71	2.7	3.44
Return on Total Capital	21.33	6.11	5.48	3.59	4.49
Return On Equity %	30.67	20.57	33.5	-6.38	-2.92
Return on Common Equity	26.13	23.26	34.35	-6.3	-2.66
Margin Analysis
Gross Profit Margin %	55.41	45.09	40.7	36.4	36.95
SG&A Margin	31.54	32.38	25.69	26.34	25.36
EBITDA Margin %	28.74	18.98	19.52	17.16	18.77
EBITA Margin %	26.39	16.49	18.06	13.05	14.49
EBIT Margin %	23.9	13.2	15.24	10.84	12.63
Income From Continuing Operations Margin %	10.1	11.27	25.08	-5.67	-2.54
Net Income Margin %	7.88	11.9	25.26	-5.54	-2.3
Net Avail. For Common Margin %	7.88	11.9	25.26	-5.54	-2.3
Normalized Net Income Margin	8.1	13.44	16.09	-2.91	0.61
Levered Free Cash Flow Margin	-1.41	-22.63	-2.36	-3.87	4.2
Unlevered Free Cash Flow Margin	1.94	-15.07	2.51	3.39	12.55
Asset Turnover
Asset Turnover	0.68	0.4	0.39	0.4	0.44
Fixed Assets Turnover	3.76	2.26	2.39	2.42	2.56
Receivables Turnover (Average Receivables)	2.13	1.28	1.3	1.34	1.41
Short Term Liquidity
Current Ratio	1.07	1.3	1.12	1.74	1
Quick Ratio	1.03	0.93	1.05	1.65	0.99
Operating Cash Flow to Current Liabilities	0.13	0.17	-0.04	0.02	0.07
Days Sales Outstanding (Average Receivables)	171.22	286.91	279.71	271.41	259.17
Average Days Payable Outstanding	23.97	24.19	16.76	16.85	15.92
Long Term Solvency
Total Debt/Equity	142.65	149.11	123.85	103.6	101.01
Total Debt / Total Capital	58.79	59.86	55.33	50.88	50.25
LT Debt/Equity	96.36	98.49	85.43	90.11	47.98
Long-Term Debt / Total Capital	39.71	39.54	38.16	44.26	23.87
Total Liabilities / Total Assets	80.17	76.12	67.47	61.89	62.34
EBIT / Interest Expense	4.45	1.09	1.96	0.93	0.95
EBITDA / Interest Expense	6.14	1.98	3.11	1.76	1.64
(EBITDA - Capex) / Interest Expense	4.77	1.37	1.29	1.2	1.33
Total Debt / EBITDA	1.49	4.16	5.17	4.96	3.95
Net Debt / EBITDA	1.23	2.85	4.34	3.67	3.23
Total Debt / (EBITDA - Capex)	1.92	6.03	12.43	7.26	4.88
Net Debt / (EBITDA - Capex)	1.59	4.13	10.43	5.38	3.99
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	92.57	-19.41	36.86	26.92	11.02
Gross Profit, 1 Yr. Growth %	105.14	-34.42	21.82	13.52	16.94
EBITDA, 1 Yr. Growth %	111.77	-46.79	38.62	14.62	21.47
EBITA, 1 Yr. Growth %	114.02	-49.63	49.87	-5.09	23.26
EBIT, 1 Yr. Growth %	134.52	-55.49	58.07	-6.52	29.26
Earnings From Cont. Operations, 1 Yr. Growth %	69.47	-10.03	204.56	-129.18	-50.33
Net Income, 1 Yr. Growth %	54.96	21.68	190.6	-128.3	-53.96
Normalized Net Income, 1 Yr. Growth %	158.45	31.33	63.82	-123.47	-127.33
Diluted EPS Before Extra, 1 Yr. Growth %	48.22	21.46	116.81	-125.18	-66.15
Accounts Receivable, 1 Yr. Growth %	67.55	15.06	50.07	5.21	6.79
Net Property, Plant and Equip., 1 Yr. Growth %	99.95	1.68	60.12	6.48	3.74
Total Assets, 1 Yr. Growth %	45.11	29.75	52.1	4.86	-1.97
Tangible Book Value, 1 Yr. Growth %	101	-91.45	966.49	-145.99	-10.71
Common Equity, 1 Yr. Growth %