Cash flow Nuvei Corporation

Equities

NVEI

CA67079A1021

Business Support Services

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-09-10 pm EDT			5-day change	1st Jan Change
45.17 ^CAD	+0.33%		-0.04%	+29.76%

Aug. 26	Nuvei and Fintech360 Announce A Cashier Solution	CI
Aug. 09	Barclays taps TD veteran Stephen Stewart as Canada M&A head	RE

6.ADnNaDqg1e6RzWm4Jj-g7_IINMavRcaKQOvxdHKNAFE.c3qePgyNvKH_gh3KTWzo15ZQRP6eFrf-Mq3IMwPXTytOa_0jfpC_gPCVUQ

Published financial data: NUVEI CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	246M	375M	725M	843M	1.19B
Total Revenues	246M	375M	725M	843M	1.19B
Cost of Goods Sold, Total	40.76M	69.26M	148M	171M	223M
Gross Profit	205M	306M	577M	672M	967M
Selling General & Admin Expenses, Total	133M	150M	315M	463M	685M
Depreciation & Amortization - (IS)	51.12M	69.67M	90.83M	101M	136M
Other Operating Expenses, Total	185M	220M	406M	565M	822M
Operating Income	20.49M	86.11M	171M	107M	145M
Interest Expense, Total	-59.37M	-58.16M	-16.88M	-28.55M	-121M
Interest And Investment Income	5.19M	5.43M	2.86M	13.69M	9.28M
Net Interest Expenses	-54.18M	-52.74M	-14.02M	-14.86M	-111M
Currency Exchange Gains (Loss)	15.3M	-18.92M	513K	15.75M	10.1M
Other Non Operating Income (Expenses)	-41.74M	-80.62M	-	-	-
EBT, Excl. Unusual Items	-60.13M	-66.17M	157M	108M	44.02M
Merger & Related Restructuring Charges	-11.53M	-4.85M	-10.8M	-14.3M	-19.6M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-2.5M	-29.57M	-14.7M	-6.4M	-9.47M
EBT, Incl. Unusual Items	-74.16M	-101M	132M	87.54M	14.95M
Income Tax Expense	-4.7M	3.09M	24.92M	25.58M	15.64M
Earnings From Continuing Operations	-69.46M	-104M	107M	61.96M	-696K
Net Income to Company	-69.46M	-104M	107M	61.96M	-696K
Minority Interest	-	-2.56M	-4.75M	-5.22M	-7.14M
Net Income - (IS)	-69.46M	-106M	102M	56.73M	-7.84M
Net Income to Common Incl Extra Items	-69.46M	-106M	102M	56.73M	-7.84M
Net Income to Common Excl. Extra Items	-69.46M	-106M	102M	56.73M	-7.84M
Per Share Items
Net EPS - Basic	-	-1.08	0.73	0.4	-0.06
Basic EPS - Continuing Operations	-	-1.08	0.73	0.4	-0.06
Basic Weighted Average Shares Outstanding	-	98.68M	140M	142M	139M
Net EPS - Diluted	-	-1.08	0.71	0.39	-0.06
Diluted EPS - Continuing Operations	-	-1.08	0.71	0.39	-0.06
Diluted Weighted Average Shares Outstanding	-	98.68M	144M	145M	139M
Normalized Basic EPS	-	-0.45	0.67	0.44	0.15
Normalized Diluted EPS	-	-0.45	0.65	0.43	0.15
Dividend Per Share	-	-	-	-	0.3
Payout Ratio	-	-	-	-	-356.39
Supplemental Items
EBITDA	56.87M	143M	248M	190M	216M
EBITA	54M	140M	244M	184M	207M
EBIT	20.49M	86.11M	171M	107M	145M
EBITDAR	57.32M	145M	249M	190M	-
Effective Tax Rate - (Ratio)	6.34	-3.07	18.88	29.22	104.66
Total Current Taxes	4.75M	13.49M	34.91M	38.53M	43.59M
Total Deferred Taxes	-9.45M	-10.4M	-10M	-12.94M	-27.95M
Normalized Net Income	-37.58M	-43.91M	93.66M	62.42M	20.37M
Interest on Long-Term Debt	12.76M	15.89M	382K	573K	659K
Supplemental Operating Expense Items
Selling and Marketing Expenses	65.49M	67.41M	126M	113M	222M
General and Administrative Expenses	9.6M	4.64M	9.83M	19.29M	31.68M
Research And Development Expense From Footnotes	6.24M	10.86M	11.98M	-	-
Net Rental Expense, Total	457K	1.89M	1.86M	782K	-
Imputed Operating Lease Interest Expense	393K	1.68M	694K	350K	-
Imputed Operating Lease Depreciation	64.37K	214K	1.17M	432K	-
Stock-Based Comp., SG&A Exp. (Total)	994K	10.41M	53.18M	139M	135M
Total Stock-Based Compensation	994K	10.41M	53.18M	139M	135M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	60.07M	181M	749M	752M	170M
Trading Asset Securities, Total	-	-	-	-	677K
Total Cash And Short Term Investments	60.07M	181M	749M	752M	171M
Accounts Receivable, Total	30.59M	28.24M	36.12M	37.51M	75.45M
Other Receivables	5.2M	12.09M	8.2M	28.06M	36.06M
Notes Receivable	-	-	-	-	6.9M
Total Receivables	35.79M	40.33M	44.32M	65.57M	118M
Inventory	709K	80K	1.28M	2.12M	3.16M
Prepaid Expenses	964K	4.73M	8.48M	12.25M	16.25M
Other Current Assets, Total	210M	452M	724M	824M	1.46B
Total Current Assets	307M	678M	1.53B	1.66B	1.76B
Gross Property Plant And Equipment	21.38M	24.58M	32.84M	50.37M	62.84M
Accumulated Depreciation	-6.11M	-8.05M	-13.99M	-18.49M	-29.75M
Net Property Plant And Equipment	15.27M	16.54M	18.86M	31.88M	33.09M
Long-term Investments	-	-	-	-	29.56M
Goodwill	768M	970M	1.13B	1.11B	1.99B
Other Intangibles, Total	408M	524M	748M	695M	1.31B
Accounts Receivable Long-Term	1.43M	1.3M	1.09M	997K	835K
Deferred Tax Assets Long-Term	-	-	13.04M	17.17M	4.34M
Other Long-Term Assets, Total	58.15M	54.32M	21.49M	9.16M	10.35M
Total Assets	1.56B	2.24B	3.46B	3.52B	5.14B
Liabilities
Accounts Payable, Total	15.29M	20.31M	29.72M	43.81M	70.12M
Accrued Expenses, Total	18.22M	26M	50.64M	54.72M	80.18M
Current Portion of Long-Term Debt	2.87M	143K	4.06M	4.54M	8.24M
Current Portion of Leases	-	2.38M	3.29M	4.11M	4.86M
Current Income Taxes Payable	2.87M	7.56M	13.48M	16.86M	25.56M
Other Current Liabilities	326M	469M	756M	855M	1.49B
Total Current Liabilities	366M	525M	857M	979M	1.68B
Long-Term Debt	824M	206M	496M	494M	1.25B
Long-Term Leases	7.24M	6.39M	5.02M	8.45M	7.42M
Deferred Tax Liability Non Current	12.98M	46.32M	71.1M	61.7M	152M
Other Non Current Liabilities	4.88M	1.66M	4.51M	2.43M	3.22M
Total Liabilities	1.21B	786M	1.43B	1.55B	3.09B
Common Stock, Total	451M	1.63B	2.06B	1.97B	1.97B
Additional Paid In Capital	1.6M	11.97M	69.94M	202M	325M
Retained Earnings	-105M	-211M	-109M	-167M	-225M
Comprehensive Income and Other	-10.38M	22.47M	-8.56M	-39.42M	-43.46M
Total Common Equity	337M	1.45B	2.01B	1.97B	2.03B
Minority Interest	7.09M	8.71M	12.1M	10.76M	17.9M
Total Equity	344M	1.46B	2.02B	1.98B	2.04B
Total Liabilities And Equity	1.56B	2.24B	3.46B	3.52B	5.14B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	138M	143M	140M	140M
ECS Total Common Shares Outstanding	-	138M	143M	140M	139M
Book Value / Share	-	10.49	14.05	14.11	14.53
Tangible Book Value	-840M	-44.87M	135M	159M	-1.27B
Tangible Book Value Per Share	-	-0.32	0.95	1.14	-9.08
Total Debt	834M	215M	509M	511M	1.27B
Net Debt	774M	34.53M	-240M	-241M	1.1B
Debt Equivalent Oper. Leases	3.66M	15.13M	14.87M	6.26M	-
Minority Interest, Total (Incl. Fin. Div)	7.09M	8.71M	12.1M	10.76M	17.9M
Account Code - Inventory Valuation	5	5	5	5	3
Inventories - Finished Goods, Total	-	80K	1.28M	2.12M	-
Machinery, Total	6.74M	5.98M	11.51M	19.6M	28.36M
Full Time Employees	-	869	1.37K	1.69K	2.2K
Accumulated Allowance for Doubtful Accounts (Supple)	-	632K	716K	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-69.46M	-106M	102M	56.73M	-7.84M
Depreciation & Amortization - CF	3.68M	5.12M	5.81M	8.48M	14.45M
Amortization of Goodwill and Intangible Assets - (CF)	33.51M	53.69M	73.04M	77.12M	61.29M
Depreciation & Amortization, Total	37.19M	58.81M	78.85M	85.61M	75.74M
Amortization of Deferred Charges, Total - (CF)	13.94M	10.86M	11.98M	15.88M	75.78M
(Gain) Loss From Sale Of Asset	-	338K	-	175K	1.15M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	974K
Stock-Based Compensation (CF)	994K	10.41M	53.18M	139M	135M
Provision and Write-off of Bad Debts	2.32M	2.11M	2.18M	1.94M	1.62M
Other Operating Activities, Total	34.93M	107M	-3.23M	-20.9M	-6.62M
Change In Accounts Receivable	-1.9M	-2.73M	2.71M	-21.48M	-26.35M
Change In Inventories	256K	115K	-1.2M	-840K	-746K
Change In Accounts Payable	568K	21M	24.95M	24.27M	15.43M
Change in Other Net Operating Assets	3.52M	-8.33M	-4.86M	-12.82M	-752K
Cash from Operations	22.34M	93.26M	267M	268M	263M
Capital Expenditure	-1.82M	-3.4M	-5.73M	-13.74M	-10.2M
Cash Acquisitions	-780M	-67.54M	-388M	-2.01M	-1.38B
Divestitures	-	19.04M	-	-	-
Sale (Purchase) of Intangible assets	-8.6M	-14.45M	-21.44M	-37M	-65.2M
Investment in Marketable and Equity Securities, Total	28.6M	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-6.9M
Other Investing Activities, Total	-13.37M	7.72M	19.72M	2.52M	-31.98M
Cash from Investing	-775M	-58.62M	-395M	-50.24M	-1.49B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	829M	110M	300M	-	899M
Total Debt Issued	829M	110M	300M	-	899M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-259M	-737M	-5.15M	-8.85M	-134M
Total Debt Repaid	-259M	-737M	-5.15M	-8.85M	-134M
Issuance of Common Stock	187M	759M	434M	2.07M	8.17M
Repurchase of Common Stock	-	-	-	-167M	-56.04M
Issuance of Preferred Stock	81.24M	-	-	-	-
Repurchase of Preferred Stock	-2.3M	-	-	-	-
Common Dividends Paid	-	-	-	-	-27.92M
Common & Preferred Stock Dividends Paid	-	-	-	-	-27.92M
Other Financing Activities, Total	-28.83M	-47.29M	-22.6M	-40.91M	-39.44M
Cash from Financing	807M	84.2M	706M	-214M	650M
Foreign Exchange Rate Adjustments	69K	1.81M	-9.97M	-20K	44K
Net Change in Cash	54M	121M	568M	3.11M	-581M
Supplemental Items
Cash Interest Paid	43.2M	43.79M	14.35M	23.37M	92.32M
Cash Income Tax Paid (Refund)	2.63M	14.22M	32.05M	32.48M	36.66M
Levered Free Cash Flow	70.03M	-10.35M	259M	234M	234M
Unlevered Free Cash Flow	107M	26M	269M	252M	295M
Change In Net Working Capital	-52.63M	90.06M	-45.56M	5.27M	-8.29M
Net Debt Issued / Repaid	570M	-627M	295M	-8.85M	765M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.2	2.83	3.75	1.92	2.1
Return on Total Capital	1.62	3.78	5.08	2.67	3.13
Return On Equity %	-29.1	-11.51	6.15	3.1	-0.03
Return on Common Equity	-29.54	-11.9	5.91	2.85	-0.39
Margin Analysis
Gross Profit Margin %	83.42	81.53	79.61	79.67	81.27
SG&A Margin	54.29	40	43.47	54.91	57.58
EBITDA Margin %	23.13	38.06	34.16	22.48	18.18
EBITA Margin %	21.97	37.27	33.68	21.87	17.37
EBIT Margin %	8.34	22.96	23.6	12.73	12.22
Income From Continuing Operations Margin %	-28.26	-27.64	14.77	7.35	-0.06
Net Income Margin %	-28.26	-28.32	14.12	6.73	-0.66
Net Avail. For Common Margin %	-28.26	-28.32	14.12	6.73	-0.66
Normalized Net Income Margin	-15.29	-11.71	12.93	7.4	1.71
Levered Free Cash Flow Margin	28.49	-2.76	35.71	27.73	19.7
Unlevered Free Cash Flow Margin	43.58	6.93	37.16	29.84	24.78
Asset Turnover
Asset Turnover	0.23	0.2	0.25	0.24	0.27
Fixed Assets Turnover	23.8	23.58	40.94	33.24	36.63
Receivables Turnover (Average Receivables)	9.01	12.75	22.51	24.74	21.07
Inventory Turnover (Average Inventory)	45.54	175.55	217.77	101.02	84.55
Short Term Liquidity
Current Ratio	0.84	1.29	1.78	1.69	1.05
Quick Ratio	0.26	0.42	0.93	0.83	0.17
Operating Cash Flow to Current Liabilities	0.06	0.18	0.31	0.27	0.16
Days Sales Outstanding (Average Receivables)	40.5	28.71	16.21	14.75	17.33
Days Outstanding Inventory (Average Inventory)	8.01	2.08	1.68	3.61	4.32
Average Days Payable Outstanding	108.85	94.92	61.29	77.9	92.85
Cash Conversion Cycle (Average Days)	-60.34	-64.13	-43.41	-59.53	-71.21
Long Term Solvency
Total Debt/Equity	242.45	14.76	25.16	25.8	62.04
Total Debt / Total Capital	70.8	12.87	20.1	20.51	38.29
LT Debt/Equity	241.61	14.59	24.79	25.37	61.4
Long-Term Debt / Total Capital	70.55	12.71	19.81	20.16	37.89
Total Liabilities / Total Assets	77.93	35.03	41.49	43.84	60.19
EBIT / Interest Expense	0.35	1.48	10.13	3.76	1.2
EBITDA / Interest Expense	0.97	2.49	14.8	6.76	1.83
(EBITDA - Capex) / Interest Expense	0.94	2.43	14.46	6.28	1.75
Total Debt / EBITDA	14.46	1.49	2.04	2.65	5.74
Net Debt / EBITDA	13.42	0.24	-0.96	-1.25	4.96
Total Debt / (EBITDA - Capex)	14.93	1.52	2.08	2.85	6.01
Net Debt / (EBITDA - Capex)	13.86	0.24	-0.98	-1.34	5.2
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	64.18	52.57	92.58	16.4	41.1
Gross Profit, 1 Yr. Growth %	61.52	49.12	87.89	16.49	43.92
EBITDA, 1 Yr. Growth %	79.75	93.87	73.53	-23.39	34.51
EBITA, 1 Yr. Growth %	77.32	97.54	74.71	-24.4	32.79
EBIT, 1 Yr. Growth %	535.55	191.21	98.86	-37.22	35.45
Earnings From Cont. Operations, 1 Yr. Growth %	124.36	49.24	-203.26	-42.12	-101.12
Net Income, 1 Yr. Growth %	124.36	50.68	-196.29	-44.54	-113.81
Normalized Net Income, 1 Yr. Growth %	82.9	20.86	-326.32	-33.35	-67.36
Diluted EPS Before Extra, 1 Yr. Growth %	-	-6.09	-165.74	-45.07	-115.38
Accounts Receivable, 1 Yr. Growth %