Cash flow OX2 AB

Equities

OX2

SE0016075337

Renewable Energy Equipment & Services

Real-time Estimate Cboe Europe Other stock markets 09:56:06 2024-09-16 am EDT			5-day change	1st Jan Change
59.88 ^SEK	-0.37%		-0.42%	+9.12%

Sep. 05	Sweden's OX2 Sells Solar Farm in Australia	MT
Sep. 03	EQT Amasses 76% Stake in OX2; Offer Declared Unconditional	MT

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Published financial data: OX2 AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	4.91B	5.2B	4.98B	7.64B	7.82B
Total Revenues	4.91B	5.2B	4.98B	7.64B	7.82B
Cost of Goods Sold, Total	4.3B	4.48B	4.14B	5.86B	5.7B
Gross Profit	609M	717M	840M	1.78B	2.12B
Selling General & Admin Expenses, Total	147M	216M	408M	604M	945M
Depreciation & Amortization - (IS)	11.27M	15.22M	17M	14M	34M
Other Operating Expenses	79.87M	69.91M	-	-	-
Other Operating Expenses, Total	238M	301M	425M	618M	979M
Operating Income	371M	416M	415M	1.17B	1.14B
Interest Expense, Total	-764K	-669K	-5M	-9M	-12M
Interest And Investment Income	739K	962K	5M	16M	91M
Net Interest Expenses	-25K	293K	0	7M	79M
Income (Loss) On Equity Invest.	-	-	-	-44M	-115M
Currency Exchange Gains (Loss)	2.07M	-33.55M	-3M	54M	19M
Other Non Operating Income (Expenses)	-200M	-	-	1M	-
EBT, Excl. Unusual Items	173M	383M	412M	1.18B	1.13B
Gain (Loss) On Sale Of Investments	-	-	-5M	-	-
EBT, Incl. Unusual Items	173M	383M	407M	1.18B	1.13B
Income Tax Expense	15.67M	84.48M	73M	99M	118M
Earnings From Continuing Operations	158M	298M	334M	1.08B	1.01B
Net Income to Company	158M	298M	334M	1.08B	1.01B
Minority Interest	-	-	-	7M	25M
Net Income - (IS)	158M	298M	334M	1.09B	1.03B
Net Income to Common Incl Extra Items	158M	298M	334M	1.09B	1.03B
Net Income to Common Excl. Extra Items	158M	298M	334M	1.09B	1.03B
Per Share Items
Net EPS - Basic	0.63	1.19	1.28	4.01	3.79
Basic EPS - Continuing Operations	0.63	1.19	1.28	4.01	3.79
Basic Weighted Average Shares Outstanding	250M	250M	262M	273M	273M
Net EPS - Diluted	0.63	1.19	1.28	4.01	3.79
Diluted EPS - Continuing Operations	0.63	1.19	1.28	4.01	3.79
Diluted Weighted Average Shares Outstanding	250M	250M	262M	273M	273M
Normalized Basic EPS	0.43	0.96	0.98	2.74	2.67
Normalized Diluted EPS	0.43	0.96	0.98	2.74	2.67
Payout Ratio	-	26.16	-	-	-
Supplemental Items
EBITDA	372M	431M	417M	1.18B	1.15B
EBITA	372M	416M	416M	1.17B	1.15B
EBIT	371M	416M	415M	1.17B	1.14B
EBITDAR	-	-	417M	-	-
Total Revenues (As Reported)	4.91B	5.2B	4.98B	7.64B	7.82B
Effective Tax Rate - (Ratio)	9.05	22.08	17.94	8.36	10.48
Total Current Taxes	21.46M	50.03M	62M	78M	140M
Total Deferred Taxes	-5.79M	34.44M	10M	21M	-22M
Normalized Net Income	108M	239M	258M	747M	729M
Interest on Long-Term Debt	-	496K	1M	1M	1M
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	300K	-	-
Imputed Operating Lease Interest Expense	-	-	453K	-	-
Imputed Operating Lease Depreciation	-	-	-153K	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.01B	1.23B	2.37B	3.58B	2.88B
Total Cash And Short Term Investments	1.01B	1.23B	2.37B	3.58B	2.88B
Accounts Receivable, Total	107M	301M	383M	839M	1.07B
Other Receivables	34.92M	16.21M	40M	119M	186M
Total Receivables	142M	317M	423M	958M	1.26B
Inventory	959M	-	-	-	-
Prepaid Expenses	282M	19.34M	410M	361M	449M
Other Current Assets, Total	3.89M	357M	508M	1.4B	2.9B
Total Current Assets	2.39B	1.93B	3.72B	6.3B	7.48B
Gross Property Plant And Equipment	46.46M	24.36M	25M	51M	55M
Accumulated Depreciation	-12.59M	-2.58M	-2M	-3M	-6M
Net Property Plant And Equipment	33.87M	21.78M	23M	48M	49M
Long-term Investments	-	-	-	17M	118M
Goodwill	-	-	-	-	135M
Other Intangibles, Total	3.22M	5.36M	4M	3M	7M
Other Long-Term Assets, Total	3.18M	5.74M	1M	2M	3M
Total Assets	2.43B	1.96B	3.74B	6.36B	7.79B
Liabilities
Accounts Payable, Total	248M	124M	309M	159M	215M
Accrued Expenses, Total	62.46M	129M	107M	285M	294M
Short-term Borrowings	776M	-	-	-	30M
Current Portion of Long-Term Debt	-	-	-	210M	-
Current Portion of Leases	13.01M	10.82M	14M	18M	24M
Current Income Taxes Payable	-	11.82M	-	28M	75M
Unearned Revenue Current, Total	371M	468M	612M	1.4B	1.91B
Other Current Liabilities	400M	394M	268M	668M	551M
Total Current Liabilities	1.87B	1.14B	1.31B	2.77B	3.1B
Long-Term Debt	-	-	-	2M	2M
Long-Term Leases	21.49M	12.75M	15M	27M	20M
Deferred Tax Liability Non Current	2.92M	44.82M	46M	44M	49M
Other Non Current Liabilities	-	-	17M	106M	72M
Total Liabilities	1.9B	1.2B	1.39B	2.95B	3.24B
Common Stock, Total	100K	100K	1M	1M	1M
Additional Paid In Capital	-	-	1.28B	1.31B	1.36B
Retained Earnings	532M	753M	1.08B	2.18B	3.21B
Comprehensive Income and Other	4.84M	13.27M	-9M	-68M	-26M
Total Common Equity	537M	766M	2.36B	3.42B	4.54B
Minority Interest	-	-	-	-7M	4M
Total Equity	537M	766M	2.36B	3.41B	4.55B
Total Liabilities And Equity	2.43B	1.96B	3.74B	6.36B	7.79B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	250M	250M	273M	273M	273M
ECS Total Common Shares Outstanding	250M	250M	273M	273M	273M
Book Value / Share	2.15	3.06	8.64	12.55	16.68
Tangible Book Value	534M	761M	2.35B	3.42B	4.4B
Tangible Book Value Per Share	2.14	3.04	8.63	12.54	16.16
Total Debt	810M	23.58M	29M	257M	76M
Net Debt	-195M	-1.21B	-2.34B	-3.32B	-2.8B
Debt Equivalent Oper. Leases	-	-	2.4M	-	-
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-7M	4M
Equity Method Investments, Total	-	-	-	17M	118M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Work In Process, Total	959M	-	-	-	-
Machinery, Total	2.91M	5.63M	5M	6M	10M
Full Time Employees	139	182	269	365	488
Part Time Employees	-	-	8	1	8
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	158M	298M	334M	1.09B	1.03B
Depreciation & Amortization - CF	10.4M	15.22M	16M	21M	25M
Amortization of Goodwill and Intangible Assets - (CF)	861K	-	1M	1M	8M
Depreciation & Amortization, Total	11.27M	15.22M	17M	22M	33M
Other Operating Activities, Total	190M	-250M	-419M	-696M	-849M
Change In Accounts Receivable	307M	-74.74M	-176M	-356M	143M
Change In Inventories	-556M	607M	-230M	96M	66M
Change In Accounts Payable	126M	150M	316M	-151M	55M
Change in Other Net Operating Assets	139M	-220M	26M	1.22B	-252M
Cash from Operations	375M	526M	-132M	1.23B	229M
Capital Expenditure	-994K	-2.41M	-1M	-1M	-2M
Cash Acquisitions	-61.92M	-	-	-	-829M
Sale (Purchase) of Intangible assets	-3.81M	-2.86M	-	-	-
Investment in Marketable and Equity Securities, Total	-1.02M	-2.55M	-	-32M	-104M
Cash from Investing	-67.74M	-7.82M	-1M	-33M	-935M
Long-Term Debt Repaid, Total	-9.06M	-10.92M	-12M	-15M	-24M
Total Debt Repaid	-9.06M	-10.92M	-12M	-15M	-24M
Issuance of Common Stock	-	-	1.35B	2M	53M
Common Dividends Paid	-	-78M	-	-	-
Common & Preferred Stock Dividends Paid	-	-78M	-	-	-
Other Financing Activities, Total	-	-200M	-73M	-	-
Cash from Financing	-9.06M	-289M	1.27B	-13M	29M
Foreign Exchange Rate Adjustments	686K	64K	7M	21M	-22M
Net Change in Cash	299M	229M	1.14B	1.2B	-699M
Supplemental Items
Cash Interest Paid	764K	637K	7M	12M	12M
Cash Income Tax Paid (Refund)	25.56M	38.21M	81M	43M	93M
Levered Free Cash Flow	37.37M	1.01B	-206M	613M	-644M
Unlevered Free Cash Flow	37.84M	1.01B	-203M	619M	-637M
Change In Net Working Capital	201M	-738M	478M	131M	1.38B
Net Debt Issued / Repaid	-9.06M	-10.92M	-12M	-15M	-24M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	11.46	11.83	9.09	14.42	10.09
Return on Total Capital	21.66	24.32	16.34	24.07	17.22
Return On Equity %	34.76	45.75	21.4	37.61	25.32
Return on Common Equity	34.76	45.75	21.4	37.8	25.94
Margin Analysis
Gross Profit Margin %	12.42	13.78	16.86	23.34	27.12
SG&A Margin	3	4.15	8.19	7.9	12.08
EBITDA Margin %	7.58	8.29	8.37	15.38	14.74
EBITA Margin %	7.58	8	8.35	15.27	14.71
EBIT Margin %	7.56	8	8.33	15.25	14.61
Income From Continuing Operations Margin %	3.21	5.73	6.7	14.19	12.88
Net Income Margin %	3.21	5.73	6.7	14.29	13.2
Net Avail. For Common Margin %	3.21	5.73	6.7	14.29	13.2
Normalized Net Income Margin	2.21	4.6	5.17	9.77	9.31
Levered Free Cash Flow Margin	0.76	19.37	-4.13	8.02	-8.23
Unlevered Free Cash Flow Margin	0.77	19.38	-4.07	8.09	-8.14
Asset Turnover
Asset Turnover	2.42	2.37	1.75	1.51	1.11
Fixed Assets Turnover	273.89	186.9	221.47	215.32	161.32
Receivables Turnover (Average Receivables)	20.18	25.5	14.55	12.51	8.19
Inventory Turnover (Average Inventory)	6.64	-	-	-	-
Short Term Liquidity
Current Ratio	1.28	1.69	2.84	2.27	2.41
Quick Ratio	0.61	1.36	2.14	1.64	1.33
Operating Cash Flow to Current Liabilities	0.2	0.46	-0.1	0.44	0.07
Days Sales Outstanding (Average Receivables)	18.08	14.35	25.09	29.17	44.58
Days Outstanding Inventory (Average Inventory)	54.97	-	-	-	-
Average Days Payable Outstanding	13.72	15.17	19.07	14.57	11.97
Cash Conversion Cycle (Average Days)	59.33	-	-	-	-
Long Term Solvency
Total Debt/Equity	150.79	3.08	1.23	7.53	1.67
Total Debt / Total Capital	60.13	2.99	1.22	7	1.64
LT Debt/Equity	4	1.66	0.64	0.85	0.48
Long-Term Debt / Total Capital	1.59	1.62	0.63	0.79	0.48
Total Liabilities / Total Assets	77.91	60.95	37.08	46.36	41.6
EBIT / Interest Expense	485.77	621.59	83	129.56	95.25
EBITDA / Interest Expense	500.52	644.34	86.4	132	98
(EBITDA - Capex) / Interest Expense	499.22	640.74	86.2	131.89	97.83
Total Debt / EBITDA	2.12	0.05	0.07	0.22	0.06
Net Debt / EBITDA	-0.51	-2.81	-5.43	-2.79	-2.38
Total Debt / (EBITDA - Capex)	2.12	0.06	0.07	0.22	0.06
Net Debt / (EBITDA - Capex)	-0.51	-2.83	-5.44	-2.8	-2.39
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	18.64	6	-4.19	53.4	2.35
Gross Profit, 1 Yr. Growth %	20.31	17.6	17.15	112.38	18.95
EBITDA, 1 Yr. Growth %	2.37	12.73	0	182.01	-1.28
EBITA, 1 Yr. Growth %	2.56	12.05	-0.24	180.53	-1.37
EBIT, 1 Yr. Growth %	2.36	12.05	-0.24	180.96	-1.97
Earnings From Cont. Operations, 1 Yr. Growth %	54.24	-5.27	12.08	224.85	-7.1
Net Income, 1 Yr. Growth %	54.24	-5.27	12.08	226.95	-5.4
Normalized Net Income, 1 Yr. Growth %	29.34	2.52	7.85	190.1	-2.44
Diluted EPS Before Extra, 1 Yr. Growth %	-	-5.27	7.04	213.97	-5.42
Accounts Receivable, 1 Yr. Growth %	-71.77	181.98	26.82	119.06	27.77
Inventory, 1 Yr. Growth %	186.23	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	1.63K	-35.7	4.55	108.7	2.08
Total Assets, 1 Yr. Growth %	50.6	-19.37	90.87	70.05	22.39
Tangible Book Value, 1 Yr. Growth %	44.9	42.38	208.94	45.32	28.82
Common Equity, 1 Yr. Growth %	45.67	42.53	207.44	45.2	32.86
Cash From Operations, 1 Yr. Growth %	448.6	-6.57	-125.1	-1.03K	-81.32
Capital Expenditures, 1 Yr. Growth %	-52.35	142.15	-50	0	100
Levered Free Cash Flow, 1 Yr. Growth %	-	2.6K	-120.42	-398	-206.44
Unlevered Free Cash Flow, 1 Yr. Growth %	-	2.56K	-120.1	-405.37	-204.24
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	12.14	0.78	21.23	25.31
Gross Profit, 2 Yr. CAGR %	-	18.95	17.41	57.74	58.94
EBITDA, 2 Yr. CAGR %	-	8.96	4.43	67.93	66.28
EBITA, 2 Yr. CAGR %	-	7.09	5.87	67.29	66.34
EBIT, 2 Yr. CAGR %	-	7.09	5.75	67.42	65.96
Earnings From Cont. Operations, 2 Yr. CAGR %	-	0.17	3.02	90.81	73.72
Net Income, 2 Yr. CAGR %	-	0.17	3.02	91.43	75.86
Normalized Net Income, 2 Yr. CAGR %	-	-0.17	5.07	76.88	68.23
Diluted EPS Before Extra, 2 Yr. CAGR %	-	0.16	0.68	83.32	72.35
Accounts Receivable, 2 Yr. CAGR %	-	-10.76	89.37	66.68	67.3
Net Property, Plant and Equip., 2 Yr. CAGR %	-	233.86	-17.6	47.71	45.96
Total Assets, 2 Yr. CAGR %	-	10.19	24.04	80.16	44.26
Tangible Book Value, 2 Yr. CAGR %	-	43.64	109.79	111.93	36.82
Common Equity, 2 Yr. CAGR %	-	44.09	109.34	111.33	38.89
Cash From Operations, 2 Yr. CAGR %	-	44.51	-51.57	52.67	31.71
Capital Expenditures, 2 Yr. CAGR %	-	7.42	0.3	-29.29	41.42
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	134.65	-21.98	76.94
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	131.39	-21.65	77.25
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	6.41	15.93	14.58
Gross Profit, 3 Yr. CAGR %