Cash flow Orora Limited

Equities

ORA

AU000000ORA8

Non-Paper Containers & Packaging

End-of-day quote Australian S.E. Other stock markets 2024-12-06			5-day change	1st Jan Change
2.400 ^AUD	-0.41%		-1.23%	-7.69%

Dec. 06	Orora's Fiscal 2025 Guidance Risks Downgrade on Global Beverage Profitability, Jarden Says	MT
Oct. 16	Orora Limited Provides Group Earnings Guidance for the Fiscal Year 2025	CI

3a00321e0b9b6c6b5ce17d9bd77069a._uyzZP6GGtjcQzHgRU7Tzho9wBby-xJUOcsLudqA42U.r6f_D6HnUp6wbmGGDT6fplcOsHuQoXkAD54577nSgS24oIIuueBilZkUWg

Published financial data: ORORA LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2024
Revenues	3.57B	3.54B	4.09B	4.29B	4.7B
Total Revenues	3.57B	3.54B	4.09B	4.29B	4.7B
Cost of Goods Sold, Total	2.91B	2.86B	3.32B	3.49B	3.78B
Gross Profit	654M	674M	773M	800M	916M
Selling General & Admin Expenses, Total	434M	429M	491M	486M	521M
Other Operating Expenses	-4.8M	-3.6M	-3.9M	-6.9M	-9M
Other Operating Expenses, Total	429M	425M	487M	479M	512M
Operating Income	224M	249M	286M	320M	404M
Interest Expense, Total	-48.1M	-29.1M	-25.5M	-48.3M	-113M
Interest And Investment Income	600K	200K	600K	1.4M	12.9M
Net Interest Expenses	-47.5M	-28.9M	-24.9M	-46.9M	-100M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-3M	-3.9M	-1.8M	-600K	-2.8M
EBT, Excl. Unusual Items	174M	216M	259M	273M	301M
Restructuring Charges	-20.7M	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-40.4M
Impairment of Goodwill	-89.4M	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-16.8M	-	-	-	-
Other Unusual Items	-10.3M	-38.6M	-	-26M	-
EBT, Incl. Unusual Items	36.6M	178M	259M	247M	260M
Income Tax Expense	9M	48M	71.7M	62.2M	75.3M
Earnings From Continuing Operations	27.6M	130M	187M	185M	185M
Earnings Of Discontinued Operations	212M	6.1M	-2.4M	-	-
Net Income to Company	240M	136M	185M	185M	185M
Net Income - (IS)	240M	136M	185M	185M	185M
Net Income to Common Incl Extra Items	240M	136M	185M	185M	185M
Net Income to Common Excl. Extra Items	27.6M	130M	187M	185M	185M
Per Share Items
Net EPS - Basic	0.25	0.15	0.21	0.22	0.15
Basic EPS - Continuing Operations	0.03	0.14	0.22	0.22	0.15
Basic Weighted Average Shares Outstanding	964M	928M	864M	843M	1.25B
Net EPS - Diluted	0.25	0.15	0.21	0.22	0.15
Diluted EPS - Continuing Operations	0.03	0.14	0.22	0.22	0.15
Diluted Weighted Average Shares Outstanding	971M	934M	870M	850M	1.26B
Normalized Basic EPS	0.11	0.15	0.19	0.2	0.15
Normalized Diluted EPS	0.11	0.14	0.19	0.2	0.15
Dividend Per Share	0.14	0.14	0.16	0.18	0.1
Payout Ratio	65.28	83.21	72.98	77.6	77.16
American Depositary Receipts Ratio (ADR)	8	8	8	8	8
Supplemental Items
EBITDA	309M	318M	351M	412M	548M
EBITA	227M	250M	286M	349M	416M
EBIT	224M	249M	286M	320M	404M
EBITDAR	326M	331M	367M	432M	583M
Effective Tax Rate - (Ratio)	24.59	27.01	27.7	25.18	28.91
Total Current Taxes	30.8M	47.8M	57M	40.3M	46.8M
Total Deferred Taxes	-21.8M	200K	14.7M	21.9M	28.5M
Normalized Net Income	109M	135M	162M	171M	188M
Interest Capitalized	1.3M	-	-	5.7M	6.2M
Interest on Long-Term Debt	52.1M	33M	9.8M	10M	18.9M
Supplemental Operating Expense Items
Selling and Marketing Expenses	214M	202M	233M	247M	259M
General and Administrative Expenses	220M	227M	258M	239M	262M
Net Rental Expense, Total	17M	13.6M	16.4M	19.5M	35.4M
Imputed Operating Lease Interest Expense	8.2M	4.41M	4.02M	8.57M	19.45M
Imputed Operating Lease Depreciation	8.8M	9.19M	12.38M	10.93M	15.95M
Stock-Based Comp., Other (Total)	4.6M	900K	5.7M	5.4M	6.7M
Total Stock-Based Compensation	4.6M	900K	5.7M	5.4M	6.7M

Fiscal Period: June	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	107M	50.6M	52.6M	58.4M	275M
Total Cash And Short Term Investments	107M	50.6M	52.6M	58.4M	275M
Accounts Receivable, Total	357M	433M	506M	450M	580M
Other Receivables	141M	65.7M	56.3M	67.3M	116M
Notes Receivable	-	-	-	-	-
Total Receivables	498M	498M	562M	517M	696M
Inventory	413M	399M	651M	639M	905M
Prepaid Expenses	27.1M	19.2M	19.8M	26.5M	49.3M
Other Current Assets, Total	10.1M	13.5M	22.7M	16.3M	9.8M
Total Current Assets	1.06B	981M	1.31B	1.26B	1.93B
Gross Property Plant And Equipment	1.79B	1.78B	1.92B	2.16B	3.28B
Accumulated Depreciation	-897M	-948M	-1.06B	-1.17B	-1.17B
Net Property Plant And Equipment	889M	828M	859M	987M	2.1B
Goodwill	381M	355M	381M	394M	1.04B
Other Intangibles, Total	54.8M	56.5M	51.8M	46.5M	692M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	13.7M	26.2M	16.1M	12.1M	43.4M
Deferred Charges Long-Term	22M	17.7M	23.8M	27.5M	24.5M
Other Long-Term Assets, Total	83.9M	60.7M	69.1M	77.2M	155M
Total Assets	2.5B	2.32B	2.71B	2.8B	5.99B
Liabilities
Accounts Payable, Total	436M	365M	561M	447M	621M
Accrued Expenses, Total	31.8M	37.9M	38.4M	30.1M	87.3M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	35M	150M	6.1M
Current Portion of Leases	50.8M	48M	49.7M	54.2M	98.7M
Current Income Taxes Payable	-	16.9M	17.6M	17.9M	30.6M
Unearned Revenue Current, Total	-	-	300K	1M	1.5M
Other Current Liabilities	298M	339M	420M	385M	373M
Total Current Liabilities	817M	806M	1.12B	1.08B	1.22B
Long-Term Debt	399M	503M	647M	682M	1.99B
Long-Term Leases	229M	205M	175M	173M	321M
Unearned Revenue Non Current	-	-	4.7M	11.7M	14.5M
Deferred Tax Liability Non Current	-	6.8M	13.7M	33.1M	240M
Other Non Current Liabilities	22.9M	34.6M	15M	16.1M	115M
Total Liabilities	1.47B	1.56B	1.98B	2B	3.9B
Common Stock, Total	335M	127M	-	-	1.29B
Retained Earnings	559M	580M	630M	672M	714M
Treasury Stock	-1.6M	-46.6M	-10.9M	-10.9M	-11M
Comprehensive Income and Other	139M	108M	112M	140M	98.4M
Total Common Equity	1.03B	769M	732M	800M	2.09B
Total Equity	1.03B	769M	732M	800M	2.09B
Total Liabilities And Equity	2.5B	2.32B	2.71B	2.8B	5.99B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	965M	876M	839M	842M	1.34B
ECS Total Common Shares Outstanding	965M	876M	839M	842M	1.34B
Book Value / Share	1.07	0.88	0.87	0.95	1.56
Tangible Book Value	596M	357M	298M	360M	359M
Tangible Book Value Per Share	0.62	0.41	0.36	0.43	0.27
Total Debt	679M	756M	906M	1.06B	2.42B
Net Debt	572M	706M	854M	1B	2.14B
Debt Equivalent Oper. Leases	136M	109M	131M	156M	283M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	129M	122M	262M	281M	356M
Inventories - Work In Process, Total	6M	7.5M	8.2M	8.8M	9.8M
Inventories - Finished Goods, Total	278M	269M	380M	349M	539M
Land - (BS)	13.9M	13.3M	34.4M	34.4M	113M
Buildings, Total	247M	238M	246M	265M	446M
Machinery, Total	1.24B	1.22B	1.29B	1.37B	1.75B
Full Time Employees	3.78K	3.77K	4.82K	4.66K	7.53K
Assets under Capital Lease - Gross	4.6M	3.6M	3.9M	4M	73.6M
Assets under Capital Lease - Accumulated Depreciation	-4.3M	-3.5M	-3.9M	-4M	-8.3M
Accumulated Allowance for Doubtful Accounts (Supple)	3.3M	3.2M	6.5M	7.5M	24.5M

Fiscal Period: June	2020	2021	2022	2023	2024
Net Income	240M	136M	185M	185M	185M
Depreciation & Amortization - CF	137M	112M	109M	113M	211M
Amortization of Goodwill and Intangible Assets - (CF)	2.6M	600K	700K	28.6M	11.5M
Depreciation & Amortization, Total	140M	113M	110M	142M	222M
Amortization of Deferred Charges, Total - (CF)	9.5M	7.3M	8.2M	9.4M	10.1M
(Gain) Loss From Sale Of Asset	-300K	1.9M	-1.2M	100K	-2M
(Gain) Loss on Sale of Investments - (CF)	10.5M	-200K	-400K	-100K	300K
Asset Writedown & Restructuring Costs	138M	63M	22.8M	-	-
Stock-Based Compensation (CF)	4.6M	900K	5.7M	5.4M	6.7M
Provision and Write-off of Bad Debts	-	-	-	-	-
Net Cash From Discontinued Operations	-164M	-	-	-	-
Other Operating Activities, Total	-102M	43.7M	17.8M	48.5M	28.5M
Change In Accounts Receivable	-71.2M	-81.5M	-52.7M	58.4M	30.9M
Change In Inventories	-26.2M	-17.9M	-239M	8.1M	46.9M
Change In Accounts Payable	-115M	12M	221M	-174M	-38.9M
Change in Other Net Operating Assets	-45.2M	-7.3M	-18.4M	-32.3M	-102M
Cash from Operations	18.9M	271M	258M	250M	388M
Capital Expenditure	-168M	-57.1M	-92.2M	-190M	-261M
Cash Acquisitions	-8M	-1.9M	-	-	-2.16B
Other Investing Activities, Total	1.65B	22.5M	-7.7M	5.8M	22.3M
Cash from Investing	1.47B	-36.5M	-99.9M	-184M	-2.4B
Long-Term Debt Issued, Total	1.95B	1.17B	150M	138M	1.3B
Total Debt Issued	1.95B	1.17B	150M	138M	1.3B
Long-Term Debt Repaid, Total	-2.64B	-1.08B	-49.3M	-55.6M	-238M
Total Debt Repaid	-2.64B	-1.08B	-49.3M	-55.6M	-238M
Issuance of Common Stock	8M	1M	-	-	1.34B
Repurchase of Common Stock	-168M	-257M	-122M	-4.5M	-7.1M
Common Dividends Paid	-157M	-113M	-135M	-143M	-143M
Common & Preferred Stock Dividends Paid	-157M	-113M	-135M	-143M	-143M
Special Dividend Paid	-450M	-	-	-	-
Other Financing Activities, Total	-	-	-	-	-25.5M
Cash from Financing	-1.45B	-286M	-156M	-65.6M	2.23B
Foreign Exchange Rate Adjustments	-2.8M	-4.6M	100K	5M	-6.8M
Net Change in Cash	37M	-56.7M	2M	5.8M	216M
Supplemental Items
Cash Interest Paid	65M	32.7M	27.7M	48.3M	108M
Cash Income Tax Paid (Refund)	136M	-1.5M	55.4M	40.3M	54.9M
Levered Free Cash Flow	131M	211M	148M	35.62M	-67.65M
Unlevered Free Cash Flow	161M	230M	164M	65.81M	3.1M
Change In Net Working Capital	-34.3M	-9.9M	45.6M	101M	228M
Net Debt Issued / Repaid	-687M	82.9M	101M	82.3M	1.06B

Fiscal Period: June	2020	2021	2022	2023	2024
Profitability
Return on Assets	4.37	6.46	7.09	7.27	5.74
Return on Total Capital	6.5	9.63	11.28	11.45	7.93
Return On Equity %	2.06	14.42	24.94	24.13	12.81
Return on Common Equity	2.06	14.42	24.94	24.13	12.81
Margin Analysis
Gross Profit Margin %	18.32	19.06	18.89	18.64	19.49
SG&A Margin	12.17	12.12	12.01	11.33	11.08
EBITDA Margin %	8.67	8.98	8.57	9.6	11.66
EBITA Margin %	6.36	7.06	7	8.14	8.84
EBIT Margin %	6.29	7.04	6.98	7.47	8.6
Income From Continuing Operations Margin %	0.77	3.67	4.57	4.31	3.94
Net Income Margin %	6.73	3.84	4.52	4.31	3.94
Net Avail. For Common Margin %	0.77	3.67	4.57	4.31	3.94
Normalized Net Income Margin	3.05	3.82	3.95	3.98	4
Levered Free Cash Flow Margin	3.67	5.98	3.63	0.83	-1.44
Unlevered Free Cash Flow Margin	4.51	6.49	4.01	1.53	0.07
Asset Turnover
Asset Turnover	1.11	1.47	1.63	1.56	1.07
Fixed Assets Turnover	2.69	4.12	4.85	4.65	3.04
Receivables Turnover (Average Receivables)	7.4	8.96	8.72	8.98	9.12
Inventory Turnover (Average Inventory)	5.52	7.05	6.32	5.41	4.9
Short Term Liquidity
Current Ratio	1.29	1.22	1.17	1.16	1.59
Quick Ratio	0.74	0.68	0.55	0.53	0.8
Operating Cash Flow to Current Liabilities	0.02	0.34	0.23	0.23	0.32
Days Sales Outstanding (Average Receivables)	49.45	40.74	41.85	40.64	40.13
Days Outstanding Inventory (Average Inventory)	66.28	51.75	57.75	67.42	74.72
Average Days Payable Outstanding	78.45	51.29	47.32	52.86	48.29
Cash Conversion Cycle (Average Days)	37.27	41.19	52.28	55.2	66.55
Long Term Solvency
Total Debt/Equity	65.78	98.4	123.83	132.47	115.59
Total Debt / Total Capital	39.68	49.6	55.32	56.98	53.62
LT Debt/Equity	60.85	92.15	112.26	106.95	110.58
Long-Term Debt / Total Capital	36.71	46.45	50.15	46.01	51.29
Total Liabilities / Total Assets	58.72	66.94	72.99	71.44	65.1
EBIT / Interest Expense	4.66	8.56	11.2	6.64	3.57
EBITDA / Interest Expense	7.57	12.44	15.5	9.57	5.53
(EBITDA - Capex) / Interest Expense	4.09	10.48	11.88	5.64	3.23
Total Debt / EBITDA	1.86	2.09	2.29	2.29	3.86
Net Debt / EBITDA	1.57	1.95	2.16	2.17	3.42
Total Debt / (EBITDA - Capex)	3.45	2.48	2.99	3.89	6.62
Net Debt / (EBITDA - Capex)	2.91	2.31	2.82	3.68	5.87
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	5.19	-0.79	15.62	4.9	9.47