Balance Sheet SIG Group AG

Equities

SIGN

CH0435377954

Paper Packaging

Market Closed - Swiss Exchange Other stock markets 11:31:01 2025-01-24 am EST			5-day change	1st Jan Change
19.37 ^CHF	+2.05%		+1.10%	+8.33%

Jan. 13	Morgan Stanley Initiates SIG Group at Overweight on Strong Growth Outlook, Discounted Valuation	MT
Jan. 07	BNP Paribas Exane Upgrades SIG Group to Neutral, Lifts PT	MT

d7373b126a8bde21d13bc6db54dce0b7.P7QApNxeKCiiWMfqrimXViHVaN8O7YXM4WnPqc8TwOk.CIZj1JE5Uh3NKKjb3EDjYmm0A7hv2syAjx-omKAihNlb5EXDsTRmbO4tlg

Published financial data: SIG GROUP AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.78B	1.82B	2.06B	2.78B	3.23B
Total Revenues	1.78B	1.82B	2.06B	2.78B	3.23B
Cost of Goods Sold, Total	1.37B	1.37B	1.57B	2.2B	2.47B
Gross Profit	414M	443M	489M	575M	761M
Selling General & Admin Expenses, Total	248M	256M	273M	311M	394M
Other Operating Expenses	-19M	-27.9M	-26.5M	15.3M	-36.2M
Other Operating Expenses, Total	229M	228M	246M	326M	358M
Operating Income	185M	215M	243M	249M	403M
Interest Expense, Total	-43.2M	-36.8M	-38.4M	-53.5M	-120M
Interest And Investment Income	2.8M	2.1M	4.6M	2.1M	9M
Net Interest Expenses	-40.4M	-34.7M	-33.8M	-51.4M	-111M
Income (Loss) On Equity Invest.	15.4M	17.4M	-1.6M	-	-100K
Currency Exchange Gains (Loss)	5.1M	-27.7M	9.3M	-10.4M	9.5M
Other Non Operating Income (Expenses)	-13.4M	-7M	-5.3M	17.6M	-19.5M
EBT, Excl. Unusual Items	152M	163M	212M	204M	282M
Merger & Related Restructuring Charges	-	-3.1M	-16.5M	-41.2M	-14.3M
Gain (Loss) On Sale Of Investments	-	-	48.8M	-	-
Gain (Loss) On Sale Of Assets	300K	200K	-11.3M	500K	1.5M
Asset Writedown	-	-49.3M	-4.4M	-	-
Other Unusual Items	-4.1M	-19.7M	-3.7M	-75M	54.6M
EBT, Incl. Unusual Items	148M	91M	224M	88.8M	324M
Income Tax Expense	41.1M	23M	52.3M	51M	80.8M
Earnings From Continuing Operations	107M	68M	172M	37.8M	243M
Net Income to Company	107M	68M	172M	37.8M	243M
Net Income - (IS)	107M	68M	172M	37.8M	243M
Net Income to Common Incl Extra Items	107M	68M	172M	37.8M	243M
Net Income to Common Excl. Extra Items	107M	68M	172M	37.8M	243M
Per Share Items
Net EPS - Basic	0.33	0.21	0.51	0.1	0.64
Basic EPS - Continuing Operations	0.33	0.21	0.51	0.1	0.64
Basic Weighted Average Shares Outstanding	320M	320M	335M	364M	382M
Net EPS - Diluted	0.33	0.21	0.51	0.1	0.64
Diluted EPS - Continuing Operations	0.33	0.21	0.51	0.1	0.64
Diluted Weighted Average Shares Outstanding	320M	320M	336M	365M	382M
Normalized Basic EPS	0.3	0.32	0.39	0.35	0.46
Normalized Diluted EPS	0.3	0.32	0.39	0.35	0.46
Dividend Per Share	0.35	0.39	0.43	0.48	0.52
Payout Ratio	92.61	168.82	74.43	391.27	74.1
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	462M	475M	522M	579M	772M
EBITA	285M	315M	355M	386M	558M
EBIT	185M	215M	243M	249M	403M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	27.77	25.27	23.31	57.43	24.94
Total Current Taxes	71.3M	68.8M	70.5M	87.3M	111M
Total Deferred Taxes	-30.2M	-45.8M	-18.2M	-36.3M	-30M
Normalized Net Income	94.88M	102M	132M	128M	176M
Interest on Long-Term Debt	41.9M	36.2M	38.4M	18.1M	20.2M
Non-Cash Pension Expense	1.6M	1.6M	-500K	1.1M	1.3M
Supplemental Operating Expense Items
Selling and Marketing Expenses	75.1M	75.1M	90.8M	111M	135M
General and Administrative Expenses	173M	181M	182M	201M	259M
Research And Development Expense From Footnotes	51.7M	50.9M	56.3M	45M	66.9M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	600K	600K	700K	900K	900K
Stock-Based Comp., Other (Total)	1.2M	2.6M	3.1M	4.8M	6.8M
Total Stock-Based Compensation	1.8M	3.2M	3.8M	5.7M	7.7M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	261M	355M	304M	504M	281M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	261M	355M	304M	504M	281M
Accounts Receivable, Total	185M	116M	197M	332M	320M
Other Receivables	67.4M	76.3M	86.9M	147M	108M
Notes Receivable	20.2M	32.6M	-	-	700K
Total Receivables	273M	225M	284M	478M	429M
Inventory	167M	171M	194M	403M	384M
Other Current Assets, Total	22.2M	28.5M	40.4M	26.8M	23.4M
Total Current Assets	723M	779M	824M	1.41B	1.12B
Gross Property Plant And Equipment	1.91B	2.05B	2.57B	3.28B	3.65B
Accumulated Depreciation	-790M	-926M	-1.12B	-1.36B	-1.58B
Net Property Plant And Equipment	1.12B	1.13B	1.45B	1.91B	2.06B
Long-term Investments	193M	184M	600K	600K	400K
Goodwill	1.62B	1.57B	2.13B	3.19B	3.13B
Other Intangibles, Total	838M	726M	792M	1.06B	927M
Deferred Tax Assets Long-Term	21.8M	30.5M	46M	60M	60.6M
Other Long-Term Assets, Total	203M	208M	258M	169M	237M
Total Assets	4.72B	4.62B	5.49B	7.8B	7.53B
Liabilities
Accounts Payable, Total	180M	164M	218M	407M	363M
Accrued Expenses, Total	272M	303M	377M	456M	441M
Short-term Borrowings	-	-	-	-	212M
Current Portion of Long-Term Debt	39M	-	-	449M	-
Current Portion of Leases	11.8M	24M	29.4M	39.9M	52.3M
Current Income Taxes Payable	43.5M	37.3M	42.1M	46.3M	49.3M
Unearned Revenue Current, Total	60.4M	66.1M	107M	151M	165M
Other Current Liabilities	97.9M	92.4M	127M	227M	231M
Total Current Liabilities	704M	687M	901M	1.78B	1.51B
Long-Term Debt	1.5B	1.54B	1.54B	1.99B	1.99B
Long-Term Leases	41.7M	123M	153M	191M	199M
Unearned Revenue Non Current	162M	167M	268M	265M	284M
Pension & Other Post Retirement Benefits	126M	132M	129M	105M	110M
Deferred Tax Liability Non Current	172M	132M	147M	261M	244M
Other Non Current Liabilities	25.9M	30.8M	27.1M	152M	95.1M
Total Liabilities	2.74B	2.81B	3.17B	4.74B	4.44B
Common Stock, Total	2.8M	2.8M	3M	3.4M	3.4M
Additional Paid In Capital	2.06B	1.94B	2.14B	2.87B	2.68B
Retained Earnings	8.3M	86.7M	308M	264M	559M
Treasury Stock	-100K	-100K	-100K	-1.3M	-1.5M
Comprehensive Income and Other	-82.1M	-221M	-122M	-79.2M	-149M
Total Common Equity	1.99B	1.81B	2.33B	3.06B	3.1B
Total Equity	1.99B	1.81B	2.33B	3.06B	3.1B
Total Liabilities And Equity	4.72B	4.62B	5.49B	7.8B	7.53B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	320M	320M	338M	382M	382M
ECS Total Common Shares Outstanding	320M	320M	338M	382M	382M
Book Value / Share	6.21	5.67	6.9	7.99	8.1
Tangible Book Value	-472M	-479M	-592M	-1.19B	-957M
Tangible Book Value Per Share	-1.47	-1.5	-1.75	-3.12	-2.5
Total Debt	1.6B	1.68B	1.72B	2.67B	2.45B
Net Debt	1.33B	1.33B	1.42B	2.17B	2.17B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-45.1M	-49.9M	-103M	-78M	-87.5M
Debt Equivalent Oper. Leases	-	-	-	-	-
Equity Method Investments, Total	193M	184M	600K	600K	400K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	56.8M	50M	71.2M	143M	131M
Inventories - Work In Process, Total	17.2M	21M	22.6M	96.7M	97.8M
Inventories - Finished Goods, Total	93.2M	99.7M	101M	163M	156M
Land - (BS)	40.1M	38.1M	36.4M	112M	107M
Buildings, Total	182M	173M	175M	265M	285M
Machinery, Total	621M	610M	750M	920M	1.07B
Full Time Employees	5.5K	5.5K	5.18K	5.59K	7.79K
Part Time Employees	-	-	150	150	270
Assets on Operating Lease - Gross	-	-	-	-	-
Assets on Operating Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	3.4M	5M	6.6M	9.7M	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	107M	68M	172M	37.8M	243M
Depreciation & Amortization - CF	187M	178M	195M	229M	258M
Amortization of Goodwill and Intangible Assets - (CF)	99.9M	100M	112M	138M	154M
Depreciation & Amortization, Total	287M	278M	307M	367M	412M
Amortization of Deferred Charges, Total - (CF)	5.8M	4.4M	3.9M	7.3M	5.1M
(Gain) Loss From Sale Of Asset	-300K	-200K	11.3M	-500K	-1.5M
(Gain) Loss on Sale of Investments - (CF)	-	-	-48.8M	-	-
Asset Writedown & Restructuring Costs	2.8M	43.9M	4.4M	6.3M	4.8M
(Income) Loss On Equity Investments - (CF)	-15.4M	-17.4M	1.6M	-	100K
Stock-Based Compensation (CF)	1.8M	3.2M	3.8M	5.4M	6.9M
Other Operating Activities, Total	-29.8M	-54.2M	-41.2M	-57.3M	-27.2M
Change In Accounts Receivable	-11.3M	32.6M	-4M	-34M	30.4M
Change In Inventories	-9.3M	-11.8M	-9.4M	-53.1M	10.1M
Change In Accounts Payable	31.7M	26.9M	62.5M	234M	-6.3M
Change in Other Net Operating Assets	68.1M	52.7M	68.1M	65.3M	-14.5M
Cash from Operations	438M	426M	531M	578M	663M
Capital Expenditure	-182M	-199M	-246M	-300M	-399M
Sale of Property, Plant, and Equipment	4.2M	700K	1.1M	19.1M	2.3M
Cash Acquisitions	-40.5M	-2.5M	-63.6M	-700M	-500K
Divestitures	-	-	3.1M	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	400K	-2.4M
Other Investing Activities, Total	21.2M	24.8M	1.5M	62.7M	3.6M
Cash from Investing	-197M	-176M	-304M	-918M	-396M
Long-Term Debt Issued, Total	-	1.55B	100M	1.71B	725M
Total Debt Issued	-	1.55B	100M	1.71B	725M
Long-Term Debt Repaid, Total	-41.1M	-1.58B	-266M	-1.22B	-1.01B
Total Debt Repaid	-41.1M	-1.58B	-266M	-1.22B	-1.01B
Issuance of Common Stock	-	-	-	204M	1.3M
Repurchase of Common Stock	-500K	-600K	-700K	-16.3M	-9.4M
Common Dividends Paid	-99M	-115M	-128M	-148M	-180M
Common & Preferred Stock Dividends Paid	-99M	-115M	-128M	-148M	-180M
Other Financing Activities, Total	1.2M	1.1M	1.4M	13M	-4.9M
Cash from Financing	-139M	-141M	-294M	539M	-476M
Foreign Exchange Rate Adjustments	2.5M	-14.2M	15.9M	200K	-13.8M
Net Change in Cash	104M	94.1M	-50.6M	199M	-223M
Supplemental Items
Cash Interest Paid	43M	39M	40.6M	52.2M	125M
Cash Income Tax Paid (Refund)	56.6M	76.2M	73M	94.4M	93.9M
Levered Free Cash Flow	225M	246M	310M	228M	237M
Unlevered Free Cash Flow	246M	264M	330M	255M	307M
Change In Net Working Capital	-23.8M	-48.1M	-114M	-26.5M	-34M
Net Debt Issued / Repaid	-41.1M	-27M	-166M	486M	-283M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.51	2.87	3	2.34	3.29
Return on Total Capital	3.27	3.79	4.02	3.18	4.47
Return On Equity %	5.5	3.58	8.31	1.4	7.91
Return on Common Equity	5.5	3.58	8.31	1.4	7.91
Margin Analysis
Gross Profit Margin %	23.2	24.4	23.72	20.69	23.57
SG&A Margin	13.89	14.11	13.22	11.19	12.2
EBITDA Margin %	25.91	26.16	25.32	20.82	23.9
EBITA Margin %	15.98	17.34	17.2	13.9	17.27
EBIT Margin %	10.38	11.83	11.78	8.95	12.49
Income From Continuing Operations Margin %	5.99	3.74	8.35	1.36	7.53
Net Income Margin %	5.99	3.74	8.35	1.36	7.53
Net Avail. For Common Margin %	5.99	3.74	8.35	1.36	7.53
Normalized Net Income Margin	5.32	5.61	6.41	4.6	5.46
Levered Free Cash Flow Margin	12.61	13.52	15.03	8.22	7.34
Unlevered Free Cash Flow Margin	13.8	14.54	16	9.16	9.51
Asset Turnover
Asset Turnover	0.39	0.39	0.41	0.42	0.42
Fixed Assets Turnover	1.63	1.61	1.6	1.66	1.63
Receivables Turnover (Average Receivables)	10.6	12.06	13.16	10.51	9.91
Inventory Turnover (Average Inventory)	8.79	8.13	8.61	7.38	6.27
Short Term Liquidity
Current Ratio	1.03	1.13	0.91	0.79	0.74
Quick Ratio	0.73	0.8	0.65	0.55	0.47
Operating Cash Flow to Current Liabilities	0.62	0.62	0.59	0.33	0.44
Days Sales Outstanding (Average Receivables)	34.42	30.34	27.73	34.73	36.84
Days Outstanding Inventory (Average Inventory)	41.51	45.04	42.38	49.43	58.18
Average Days Payable Outstanding	45.25	45.67	43.7	47.27	57.32
Cash Conversion Cycle (Average Days)	30.68	29.71	26.41	36.89	37.7
Long Term Solvency
Total Debt/Equity	80.22	92.83	73.99	87.55	79.16
Total Debt / Total Capital	44.51	48.14	42.52	46.68	44.19
LT Debt/Equity	77.66	91.51	72.73	71.53	70.63
Long-Term Debt / Total Capital	43.09	47.46	41.8	38.14	39.42
Total Liabilities / Total Assets	57.9	60.76	57.62	60.83	58.88
EBIT / Interest Expense	4.28	5.84	6.33	4.65	3.36
EBITDA / Interest Expense	10.93	13.39	14.31	11.5	6.79
(EBITDA - Capex) / Interest Expense	6.71	7.97	7.91	5.9	3.47
Total Debt / EBITDA	3.38	3.42	3.13	4.35	3.01
Net Debt / EBITDA	2.83	2.7	2.58	3.53	2.66
Total Debt / (EBITDA - Capex)	5.5	5.74	5.67	8.47	5.88
Net Debt / (EBITDA - Capex)	4.6	4.53	4.67	6.88	5.21
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	6.43	1.8	13.53	34.83	16.2
Gross Profit, 1 Yr. Growth %	10.11	6.38	10.33	18.7	32.37
EBITDA, 1 Yr. Growth %	13.17	2.17	9.89	13.89	33.42
EBITA, 1 Yr. Growth %	20.71	9.42	12.64	13.44	44.35
EBIT, 1 Yr. Growth %	35.41	14.37	13.03	8.65	62.2
Earnings From Cont. Operations, 1 Yr. Growth %	-227.41	-36.39	153.09	-78.04	543.39
Net Income, 1 Yr. Growth %	-227.41	-36.39	153.09	-78.04	543.39
Normalized Net Income, 1 Yr. Growth %	103.49	5.37	29.83