ORIENTAL WEAVERS CARPETS COMPANY (S.A.E)

Cash flow Oriental Weavers Carpets Company (S.A.E)

Equities

ORWE

EGS33041C012

Home Furnishings

End-of-day quote Egyptian Exchange Other stock markets 2024-09-19			5-day change	1st Jan Change
25.30 ^EGP	+0.40%		-0.78%	+49.62%

Aug. 19	Oriental Weavers Carpets Company (S.A.E), Q2 2024 Earnings Call, Aug 19, 2024
Aug. 13	Oriental Weavers Carpets Company (S.A.E) Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI

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Published financial data: ORIENTAL WEAVERS CARPETS COMPANY (S.A.E)

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	10.13B	9.48B	11.4B	13.26B	17.66B
Total Revenues	10.13B	9.48B	11.4B	13.26B	17.66B
Cost of Goods Sold, Total	9.06B	8.18B	9.57B	12B	15.11B
Gross Profit	1.08B	1.31B	1.83B	1.26B	2.55B
Selling General & Admin Expenses, Total	465M	468M	519M	609M	722M
Provision for Bad Debts	-	-	-4.75M	49.01M	68.3M
Other Operating Expenses	121M	226M	33.25M	118M	98.47M
Other Operating Expenses, Total	586M	694M	547M	776M	888M
Operating Income	491M	614M	1.29B	480M	1.66B
Interest Expense, Total	-128M	-104M	-197M	-304M	-459M
Interest And Investment Income	122M	153M	208M	179M	394M
Net Interest Expenses	-6.37M	48.8M	10.58M	-125M	-64.98M
Currency Exchange Gains (Loss)	146M	37.22M	-20.69M	-72.65M	-166M
Other Non Operating Income (Expenses)	316M	563M	101M	848M	329M
EBT, Excl. Unusual Items	947M	1.26B	1.38B	1.13B	1.76B
Gain (Loss) On Sale Of Investments	-	-	-	-	15.01M
Gain (Loss) On Sale Of Assets	15.13M	6.37M	16.3M	12.39M	311M
EBT, Incl. Unusual Items	962M	1.27B	1.39B	1.14B	2.09B
Income Tax Expense	107M	158M	184M	199M	194M
Earnings From Continuing Operations	855M	1.11B	1.21B	944M	1.89B
Net Income to Company	855M	1.11B	1.21B	944M	1.89B
Minority Interest	-80.31M	-174M	-125M	-101M	-152M
Net Income - (IS)	775M	937M	1.09B	843M	1.74B
Preferred Dividend and Other Adjustments	113M	439M	293M	-530M	683M
Net Income to Common Incl Extra Items	661M	498M	793M	1.37B	1.06B
Net Income to Common Excl. Extra Items	661M	498M	793M	1.37B	1.06B
Per Share Items
Net EPS - Basic	0.99	0.75	1.19	2.06	1.59
Basic EPS - Continuing Operations	0.99	0.75	1.19	2.06	1.59
Basic Weighted Average Shares Outstanding	665M	665M	665M	665M	665M
Net EPS - Diluted	0.99	0.75	1.19	2.06	1.59
Diluted EPS - Continuing Operations	0.99	0.75	1.19	2.06	1.59
Diluted Weighted Average Shares Outstanding	665M	665M	665M	665M	665M
Normalized Basic EPS	0.77	0.92	1.11	0.91	1.42
Normalized Diluted EPS	0.77	0.92	1.11	0.91	1.42
Dividend Per Share	-	-	1	0.6	1.25
Payout Ratio	110.43	67.27	88.83	113.6	39.45
Supplemental Items
EBITDA	1B	1.15B	1.82B	1.2B	2.45B
EBITA	491M	614M	1.29B	480M	1.66B
EBIT	491M	614M	1.29B	480M	1.66B
Effective Tax Rate - (Ratio)	11.12	12.42	13.16	17.38	9.28
Total Current Taxes	103M	155M	163M	200M	234M
Total Deferred Taxes	3.7M	3.01M	20.75M	-1.61M	-40.82M
Normalized Net Income	512M	615M	736M	605M	948M
Interest on Long-Term Debt	-	-	26.13M	36.45M	36.59M
Supplemental Operating Expense Items
Selling and Marketing Expenses	125M	142M	156M	172M	209M
General and Administrative Expenses	339M	326M	363M	437M	513M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.2B	2.73B	1.31B	2.14B	2.18B
Short Term Investments	103M	201M	1.21B	1.09B	2.38B
Total Cash And Short Term Investments	1.3B	2.93B	2.52B	3.23B	4.57B
Accounts Receivable, Total	1.21B	1.36B	1.66B	2.03B	2.42B
Other Receivables	143M	125M	279M	344M	509M
Notes Receivable	385M	367M	309M	409M	751M
Total Receivables	1.73B	1.85B	2.24B	2.78B	3.68B
Inventory	3.34B	3.2B	4.21B	6.03B	6.93B
Prepaid Expenses	33.1M	78.41M	22.97M	38.15M	51.64M
Other Current Assets, Total	112M	136M	119M	137M	133M
Total Current Assets	6.52B	8.19B	9.12B	12.22B	15.36B
Gross Property Plant And Equipment	13.05B	13.14B	13.97B	20.63B	25.31B
Accumulated Depreciation	-8.37B	-8.78B	-9.27B	-14.32B	-18.21B
Net Property Plant And Equipment	4.68B	4.36B	4.71B	6.31B	7.1B
Long-term Investments	118M	116M	337M	645M	649M
Goodwill	160M	-	-	-	-
Total Assets	11.48B	12.66B	14.17B	19.18B	23.11B
Liabilities
Accounts Payable, Total	712M	755M	928M	742M	1.59B
Accrued Expenses, Total	137M	143M	167M	218M	329M
Short-term Borrowings	2.01B	2.56B	3.21B	4.88B	4.77B
Current Portion of Long-Term Debt	110M	99.5M	122M	276M	240M
Current Portion of Leases	-	-	87.15M	111M	115M
Current Income Taxes Payable	88M	128M	125M	171M	179M
Unearned Revenue Current, Total	173M	-	-	-	-
Other Current Liabilities	326M	699M	535M	667M	928M
Total Current Liabilities	3.55B	4.38B	5.17B	7.07B	8.14B
Long-Term Debt	230M	207M	305M	392M	246M
Long-Term Leases	-	-	269M	303M	399M
Deferred Tax Liability Non Current	141M	144M	165M	156M	149M
Total Liabilities	3.92B	4.73B	5.91B	7.92B	8.94B
Common Stock, Total	443M	665M	665M	665M	665M
Retained Earnings	2.39B	2.5B	2.73B	2.6B	3.79B
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	3.89B	3.82B	3.92B	6.83B	8.36B
Total Common Equity	6.73B	6.98B	7.32B	10.09B	12.81B
Minority Interest	824M	947M	941M	1.16B	1.36B
Total Equity	7.55B	7.93B	8.26B	11.26B	14.17B
Total Liabilities And Equity	11.48B	12.66B	14.17B	19.18B	23.11B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	665M	665M	665M	665M	665M
ECS Total Common Shares Outstanding	665M	665M	665M	665M	665M
Book Value / Share	10.12	10.5	11	15.17	19.26
Tangible Book Value	6.57B	6.98B	7.32B	10.09B	12.81B
Tangible Book Value Per Share	9.88	10.5	11	15.17	19.26
Total Debt	2.35B	2.86B	3.99B	5.97B	5.77B
Net Debt	1.05B	-61.82M	1.47B	2.73B	1.2B
Minority Interest, Total (Incl. Fin. Div)	824M	947M	941M	1.16B	1.36B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	1.17B	1.26B	1.59B	2.6B	2.91B
Inventories - Work In Process, Total	107M	130M	178M	213M	185M
Inventories - Finished Goods, Total	1.73B	1.38B	2.05B	2.77B	3.18B
Inventories - Others	337M	430M	400M	474M	671M
Land - (BS)	691M	683M	723M	964M	1.14B
Buildings, Total	2.85B	2.82B	2.82B	3.84B	4.7B
Machinery, Total	9.31B	9.37B	9.72B	14.85B	18.36B
Full Time Employees	-	17K	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	196M	223M	199M	275M	349M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	775M	937M	1.09B	843M	1.74B
Depreciation & Amortization - CF	509M	538M	617M	824M	901M
Depreciation & Amortization, Total	509M	538M	617M	824M	901M
(Gain) Loss From Sale Of Asset	-15.13M	-6.37M	-16.3M	-12.39M	-311M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	-	-	-4.75M	49.01M	68.3M
Other Operating Activities, Total	231M	483M	202M	138M	-13.19M
Change In Accounts Receivable	23.97M	-273M	-366M	653M	-292M
Change In Inventories	84.48M	109M	-1.02B	-227M	163M
Change In Accounts Payable	-185M	159M	74.9M	-1.04B	878M
Cash from Operations	1.42B	1.95B	570M	1.23B	3.13B
Capital Expenditure	-368M	-275M	-566M	-744M	-453M
Sale of Property, Plant, and Equipment	18.17M	10.34M	31.4M	20.71M	345M
Investment in Marketable and Equity Securities, Total	-36.3M	-99.22M	189M	436M	-821M
Other Investing Activities, Total	-	-	-1	-	-
Cash from Investing	-387M	-364M	-346M	-287M	-929M
Short Term Debt Issued, Total	-	602M	565M	751M	-
Long-Term Debt Issued, Total	-	-	121M	66.87M	-
Total Debt Issued	-	602M	686M	818M	-
Short Term Debt Repaid, Total	-132M	-	-	-	-1.17B
Long-Term Debt Repaid, Total	-118M	-29.54M	-60.2M	-159M	-392M
Total Debt Repaid	-250M	-29.54M	-60.2M	-159M	-1.56B
Common Dividends Paid	-856M	-631M	-964M	-958M	-686M
Common & Preferred Stock Dividends Paid	-856M	-631M	-964M	-958M	-686M
Other Financing Activities, Total	-5.01M	-3.57M	14.84M	20.33M	-31.41M
Cash from Financing	-1.11B	-62M	-324M	-279M	-2.28B
Foreign Exchange Rate Adjustments	-50.68M	-4.93M	-748K	160M	152M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-126M	1.52B	-101M	826M	78.13M
Supplemental Items
Cash Interest Paid	128M	104M	197M	304M	459M
Cash Income Tax Paid (Refund)	69.38M	74.68M	117M	101M	164M
Levered Free Cash Flow	769M	828M	-574M	-2.15B	605M
Unlevered Free Cash Flow	849M	893M	-450M	-1.96B	892M
Change In Net Working Capital	-402M	-246M	1.31B	2.34B	595M
Net Debt Issued / Repaid	-250M	572M	626M	659M	-1.56B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.52	3.18	5.99	1.8	4.91
Return on Total Capital	2.94	3.71	6.98	2.04	5.59
Return On Equity %	10.88	14.36	14.96	9.68	14.88
Return on Common Equity	9.42	7.26	11.09	15.78	9.23
Margin Analysis
Gross Profit Margin %	10.63	13.79	16.08	9.48	14.44
SG&A Margin	4.59	4.93	4.55	4.59	4.09
EBITDA Margin %	9.87	12.15	15.95	9.05	13.86
EBITA Margin %	4.85	6.47	11.29	3.62	9.41
EBIT Margin %	4.85	6.47	11.29	3.62	9.41
Income From Continuing Operations Margin %	8.44	11.72	10.62	7.12	10.71
Net Income Margin %	7.65	9.88	9.52	6.36	9.85
Net Avail. For Common Margin %	6.53	5.25	6.95	10.36	5.99
Normalized Net Income Margin	5.05	6.48	6.45	4.57	5.37
Levered Free Cash Flow Margin	7.58	8.73	-5.03	-16.25	3.42
Unlevered Free Cash Flow Margin	8.37	9.42	-3.95	-14.82	5.05
Asset Turnover
Asset Turnover	0.83	0.79	0.85	0.8	0.84
Fixed Assets Turnover	2.05	2.1	2.52	2.41	2.63
Receivables Turnover (Average Receivables)	7.1	7.38	7.56	7.19	7.94
Inventory Turnover (Average Inventory)	2.58	2.5	2.58	2.34	2.33
Short Term Liquidity
Current Ratio	1.84	1.87	1.76	1.73	1.89
Quick Ratio	0.75	1.01	0.86	0.79	0.92
Operating Cash Flow to Current Liabilities	0.4	0.44	0.11	0.17	0.38
Days Sales Outstanding (Average Receivables)	51.41	49.57	48.29	50.74	45.99
Days Outstanding Inventory (Average Inventory)	141.51	146.29	141.31	155.82	156.52
Average Days Payable Outstanding	37.13	33.41	28.99	22.05	26.53
Cash Conversion Cycle (Average Days)	155.79	162.45	160.61	184.51	175.98
Long Term Solvency
Total Debt/Equity	31.1	36.12	48.32	53.01	40.7
Total Debt / Total Capital	23.72	26.54	32.58	34.64	28.92
LT Debt/Equity	3.05	2.6	6.95	6.17	4.55
Long-Term Debt / Total Capital	2.33	1.91	4.69	4.03	3.23
Total Liabilities / Total Assets	34.2	37.38	41.71	41.3	38.68
EBIT / Interest Expense	3.83	5.9	6.53	1.58	3.62
EBITDA / Interest Expense	7.8	11.07	9.66	4.29	5.58
(EBITDA - Capex) / Interest Expense	4.93	8.43	6.79	1.84	4.59
Total Debt / EBITDA	2.35	2.49	2.1	4.58	2.25
Net Debt / EBITDA	1.05	-0.05	0.77	2.1	0.47
Total Debt / (EBITDA - Capex)	3.72	3.26	2.98	10.66	2.73
Net Debt / (EBITDA - Capex)	1.66	-0.07	1.1	4.88	0.57
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-2.61	-6.4	20.23	16.24	33.22
Gross Profit, 1 Yr. Growth %	10.63	21.47	40.23	-31.52	102.99
EBITDA, 1 Yr. Growth %	-1.37	15.25	57.84	-34.06	104.1
EBITA, 1 Yr. Growth %	6.12	25	109.58 </