Income Statement Multiexport Foods S.A.

Equities

MULTI X

CL0002713460

Fishing & Farming

End-of-day quote Santiago S.E. Other stock markets 2024-09-17			5-day change	1st Jan Change
193.64 ^CLP	0.00%		+1.25%	-2.23%

Sep. 04	Multiexport Foods S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
May. 31	Multiexport Foods S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

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Published financial data: MULTIEXPORT FOODS S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	568M	476M	634M	643M	878M
Total Revenues	568M	476M	634M	643M	878M
Cost of Goods Sold, Total	569M	574M	603M	635M	923M
Gross Profit	-466K	-98.1M	30.27M	7.74M	-44.89M
Selling General & Admin Expenses, Total	26.2M	24.04M	27.1M	30.66M	36.1M
Other Operating Expenses	1.06M	11.16M	10.86M	11.01M	7.3M
Other Operating Expenses, Total	27.25M	35.2M	37.96M	41.67M	43.4M
Operating Income	-27.72M	-133M	-7.69M	-33.92M	-88.3M
Interest Expense, Total	-4.07M	-6.11M	-6.71M	-8.38M	-19.76M
Interest And Investment Income	3.19M	2.36M	847K	4.3M	3.37M
Net Interest Expenses	-883K	-3.75M	-5.87M	-4.08M	-16.39M
Income (Loss) On Equity Invest.	15K	-2.34M	-2.08M	-1.67M	161K
Currency Exchange Gains (Loss)	-433K	-1.59M	3.93M	2.28M	806K
Other Non Operating Income (Expenses)	-499K	-618K	-1.08M	-1.2M	-1.6M
EBT, Excl. Unusual Items	-29.52M	-142M	-12.78M	-38.58M	-105M
Gain (Loss) On Sale Of Assets	-773K	-1.83M	-551K	-75K	-487K
Asset Writedown	89.85M	42.13M	105M	135M	97.11M
Other Unusual Items	-	-	-	-5.7M	-
EBT, Incl. Unusual Items	59.56M	-101M	91.8M	90.55M	-8.7M
Income Tax Expense	16.14M	-27.15M	25.81M	25.13M	-2.42M
Earnings From Continuing Operations	43.42M	-74.15M	65.99M	65.41M	-6.28M
Net Income to Company	43.42M	-74.15M	65.99M	65.41M	-6.28M
Minority Interest	-10.05M	17.21M	-15.5M	-22.05M	3.83M
Net Income - (IS)	33.37M	-56.94M	50.48M	43.36M	-2.45M
Net Income to Common Incl Extra Items	33.37M	-56.94M	50.48M	43.36M	-2.45M
Net Income to Common Excl. Extra Items	33.37M	-56.94M	50.48M	43.36M	-2.45M
Per Share Items
Net EPS - Basic	0.02	-0.04	0.04	0.03	-0
Basic EPS - Continuing Operations	0.02	-0.04	0.04	0.03	-0
Basic Weighted Average Shares Outstanding	1.41B	1.41B	1.41B	1.41B	1.41B
Net EPS - Diluted	0.02	-0.04	0.04	0.03	-0
Diluted EPS - Continuing Operations	0.02	-0.04	0.04	0.03	-0
Diluted Weighted Average Shares Outstanding	1.41B	1.41B	1.41B	1.41B	1.41B
Normalized Basic EPS	-0.02	-0.05	-0.02	-0.03	-0.04
Normalized Diluted EPS	-0.02	-0.05	-0.02	-0.03	-0.04
Dividend Per Share	0.01	-	0.02	-	0
Payout Ratio	200.96	-24.04	-	127.86	-441.36
Supplemental Items
EBITDA	-8.01M	-111M	15.03M	-10.56M	-61.31M
EBITA	-27.71M	-133M	-7.68M	-33.91M	-88.29M
EBIT	-27.72M	-133M	-7.69M	-33.92M	-88.3M
EBITDAR	-7.95M	-111M	15.1M	-10.5M	-61.24M
Effective Tax Rate - (Ratio)	27.09	26.8	28.11	27.76	27.8
Current Domestic Taxes	17.84M	148K	25K	13.58M	10.28M
Current Foreign Taxes	450K	105K	122K	160K	197K
Total Current Taxes	18.29M	253K	147K	13.74M	10.48M
Deferred Domestic Taxes	-2.15M	-27.4M	25.66M	11.39M	-12.9M
Total Deferred Taxes	-2.15M	-27.4M	25.66M	11.39M	-12.9M
Normalized Net Income	-28.5M	-71.28M	-23.49M	-46.17M	-62M
Interest on Long-Term Debt	3.82M	5.5M	6.03M	7.72M	17.37M
Supplemental Operating Expense Items
Marketing Expenses	1.13M	500K	1.04M	980K	1.43M
Selling and Marketing Expenses	9.76M	9.98M	9.06M	9.45M	13.69M
General and Administrative Expenses	16.44M	14.05M	18.04M	21.21M	22.42M
Net Rental Expense, Total	66K	56K	66K	59K	71K
Imputed Operating Lease Interest Expense	20.84K	17.09K	19.19K	20.03K	45K
Imputed Operating Lease Depreciation	45.16K	38.91K	46.81K	38.97K	26K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	7.26M	6.44M	43.02M	78.51M	29.71M
Total Cash And Short Term Investments	7.26M	6.44M	43.02M	78.51M	29.71M
Accounts Receivable, Total	51.77M	45.7M	51.13M	62.08M	78.18M
Other Receivables	53.24M	25.38M	38.39M	42.09M	33.91M
Total Receivables	105M	71.08M	89.52M	104M	112M
Inventory	315M	305M	321M	460M	446M
Prepaid Expenses	10.59M	9.34M	11.02M	1.66M	5.88M
Other Current Assets, Total	8.04M	5.92M	1.58M	4.53M	11.81M
Total Current Assets	446M	398M	466M	649M	605M
Gross Property Plant And Equipment	279M	275M	298M	338M	404M
Accumulated Depreciation	-141M	-138M	-157M	-178M	-197M
Net Property Plant And Equipment	138M	137M	141M	160M	207M
Long-term Investments	203K	14.63M	18.07M	16.4M	28.82M
Other Intangibles, Total	22.67M	22.66M	27.4M	27.17M	26.96M
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	9.96M	32.64M	16.63M	16.4M	19.28M
Other Long-Term Assets, Total	49.34M	39.99M	43M	54.88M	62.68M
Total Assets	667M	644M	712M	924M	950M
Liabilities
Accounts Payable, Total	99.29M	92M	118M	154M	157M
Accrued Expenses, Total	6.74M	5.86M	8.14M	7.26M	7.01M
Short-term Borrowings	40.2M	30.07M	30.07M	15.1M	35.07M
Current Portion of Long-Term Debt	12.99M	37.92M	18.14M	77.33M	121M
Current Portion of Leases	-	421K	137K	150K	863K
Current Income Taxes Payable	18.01M	472K	95K	43.14M	1M
Unearned Revenue Current, Total	4M	2.08M	3.19M	3.01M	4.1M
Other Current Liabilities	11.58M	103K	11.15M	11.03M	2.83M
Total Current Liabilities	193M	169M	189M	311M	329M
Long-Term Debt	64M	134M	118M	136M	113M
Long-Term Leases	-	727K	-	338K	519K
Deferred Tax Liability Non Current	47.1M	52.2M	61.85M	73M	79.95M
Total Liabilities	304M	356M	369M	520M	522M
Common Stock, Total	153M	153M	153M	153M	153M
Additional Paid In Capital	18.12M	18.12M	18.12M	18.12M	18.12M
Retained Earnings	72.28M	15.34M	56.65M	48.74M	43.63M
Comprehensive Income and Other	35.01M	35.01M	35.72M	1.87M	14.91M
Total Common Equity	279M	222M	264M	222M	230M
Minority Interest	83.95M	66.74M	79.63M	182M	198M
Total Equity	363M	289M	343M	404M	428M
Total Liabilities And Equity	667M	644M	712M	924M	950M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.41B	1.41B	1.41B	1.41B	1.41B
ECS Total Common Shares Outstanding	1.41B	1.41B	1.41B	1.41B	1.41B
Book Value / Share	0.2	0.16	0.19	0.16	0.16
Tangible Book Value	256M	199M	236M	195M	203M
Tangible Book Value Per Share	0.18	0.14	0.17	0.14	0.14
Total Debt	117M	203M	166M	229M	270M
Net Debt	110M	197M	123M	150M	241M
Debt Equivalent Oper. Leases	528K	448K	528K	472K	568K
Minority Interest, Total (Incl. Fin. Div)	83.95M	66.74M	79.63M	182M	198M
Equity Method Investments, Total	177K	14.6M	18.04M	16.38M	28.79M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	300M	288M	298M	432M	417M
Inventories - Others	15.31M	17.24M	22.45M	28.27M	28.27M
Land - (BS)	9.72M	10.62M	10.62M	10.62M	45.63M
Buildings, Total	34.92M	33.38M	34.01M	34.8M	38.35M
Machinery, Total	232M	227M	250M	290M	316M
Full Time Employees	2.69K	2.69K	2.57K	2.59K	2.68K
Accumulated Allowance for Doubtful Accounts (Supple)	-	1K	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	33.37M	-56.94M	50.48M	43.36M	-2.45M
Depreciation & Amortization - CF	19.7M	21.99M	22.85M	23.71M	27.13M
Amortization of Goodwill and Intangible Assets - (CF)	8K	9K	9K	9K	9K
Depreciation & Amortization, Total	19.71M	22M	22.86M	23.72M	27.14M
Amortization of Deferred Charges, Total - (CF)	-	-	39K	556K	598K
Other Operating Activities, Total	-17.41M	-12.94M	31.23M	-85.64M	-49.83M
Cash from Operations	35.67M	-47.88M	105M	-18.01M	-24.55M
Capital Expenditure	-48.3M	-31.98M	-28.02M	-53.59M	-48.81M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	24.4M	-417K	-	-	-2.25M
Cash from Investing	-23.9M	-32.4M	-28.02M	-53.59M	-51.06M
Short Term Debt Issued, Total	40M	15.11M	-	-	-
Long-Term Debt Issued, Total	-	224M	20M	105M	96M
Total Debt Issued	40M	239M	20M	105M	96M
Short Term Debt Repaid, Total	-24.96M	-5.98M	-4.25M	-2.4M	-
Long-Term Debt Repaid, Total	-12M	-140M	-56M	-46M	-58.4M
Total Debt Repaid	-36.96M	-146M	-60.25M	-48.4M	-58.4M
Repurchase of Common Stock	-	-	-	-195M	-
Common Dividends Paid	-67.07M	-13.69M	-	-55.44M	-10.83M
Common & Preferred Stock Dividends Paid	-67.07M	-13.69M	-	-55.44M	-10.83M
Other Financing Activities, Total	-	-	-	300M	-
Cash from Financing	-64.03M	79.44M	-40.25M	107M	26.77M
Foreign Exchange Rate Adjustments	-1.15M	16K	229K	418K	42K
Net Change in Cash	-53.41M	-822K	36.58M	35.49M	-48.8M
Supplemental Items
Cash Interest Paid	4.05M	6.86M	6.48M	6.32M	16.93M
Cash Income Tax Paid (Refund)	2.72M	-560K	-1.95M	145K	39.55M
Levered Free Cash Flow	-99.23M	-88.62M	-5.49M	-126M	-140M
Unlevered Free Cash Flow	-96.68M	-84.8M	-1.3M	-120M	-127M
Change In Net Working Capital	50.76M	-8.5M	-8.63M	69.83M	51.16M
Net Debt Issued / Repaid	3.04M	93.13M	-40.25M	56.6M	37.6M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-2.65	-12.71	-0.71	-2.59	-5.89
Return on Total Capital	-3.65	-17.15	-0.96	-3.71	-8.3
Return On Equity %	11.7	-22.77	20.88	17.51	-1.51
Return on Common Equity	11.63	-22.75	20.79	17.85	-1.09
Margin Analysis
Gross Profit Margin %	-0.08	-20.61	4.78	1.2	-5.12
SG&A Margin	4.61	5.05	4.28	4.77	4.11
EBITDA Margin %	-1.41	-23.38	2.37	-1.64	-6.99
EBITA Margin %	-4.88	-28	-1.21	-5.27	-10.06
EBIT Margin %	-4.88	-28	-1.21	-5.27	-10.06
Income From Continuing Operations Margin %	7.64	-15.58	10.42	10.17	-0.72
Net Income Margin %	5.87	-11.96	7.97	6.74	-0.28
Net Avail. For Common Margin %	5.87	-11.96	7.97	6.74	-0.28
Normalized Net Income Margin	-5.01	-14.97	-3.71	-7.18	-7.06
Levered Free Cash Flow Margin	-17.46	-18.62	-0.87	-19.53	-15.93
Unlevered Free Cash Flow Margin	-17.01	-17.81	-0.2	-18.71	-14.52
Asset Turnover
Asset Turnover	0.87	0.73	0.93	0.79	0.94
Fixed Assets Turnover	4.36	3.46	4.56	4.27	4.78
Receivables Turnover (Average Receivables)	10.68	9.77	13.09	11.36	11.76
Inventory Turnover (Average Inventory)	1.97	1.85	1.93	1.63	2.04
Short Term Liquidity
Current Ratio	2.31	2.35	2.46	2.09	1.84
Quick Ratio	0.58	0.46	0.7	0.59	0.43
Operating Cash Flow to Current Liabilities	0.18	-0.28	0.55	-0.06	-0.07
Days Sales Outstanding (Average Receivables)	34.16	37.47	27.89	32.12	31.04
Days Outstanding Inventory (Average Inventory)	185.19	197.72	189.29	224.35	179.19
Average Days Payable Outstanding	55.03	62.08	61.94	64.13	62.59
Cash Conversion Cycle (Average Days)	164.32	173.1	155.24	192.35	147.65
Long Term Solvency
Total Debt/Equity	32.31	70.39	48.43	56.61	63.23
Total Debt / Total Capital	24.42	41.31	32.63	36.15	38.74
LT Debt/Equity	17.64	46.69	34.35	33.68	26.59
Long-Term Debt / Total Capital	13.34	27.4	23.14	21.5	16.29
Total Liabilities / Total Assets	45.59	55.22	51.78	56.3	54.99
EBIT / Interest Expense	-6.81	-21.82	-1.15	-4.05	-4.47
EBITDA / Interest Expense	-1.97	-18.22	2.26	-1.22	-3.09
(EBITDA - Capex) / Interest Expense	-13.83	-23.45	-1.91	-7.61	-5.56
Total Debt / EBITDA	-14.63	-1.83	10.96	-22.39	-4.42
Net Debt / EBITDA	-13.72	-1.77	8.13	-14.7	-3.94
Total Debt / (EBITDA - Capex)	-2.08	-1.42	-12.95	-3.58	-2.46
Net Debt / (EBITDA - Capex)	-1.95	-1.37	-9.6	-2.35	-2.19
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %