Cash flow SJM Holdings Limited

Equities

880 HK0880043028

Casinos & Gaming

Market Closed - Hong Kong S.E. Other stock markets 03:08:09 2025-02-07 am EST			5-day change	1st Jan Change
2.340 ^HKD	+0.43%		-1.68%	-13.01%

Dec. 12	SJM Eyes China Property for Hotel Construction	MT
Dec. 02	Macau's future leader unveils team to govern gambling hub	RE

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Published financial data: SJM HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	33.88B	7.51B	10.08B	6.68B	21.62B
Total Revenues	33.88B	7.51B	10.08B	6.68B	21.62B
Cost of Goods Sold, Total	15.91B	3.57B	4.52B	3.08B	9.12B
Gross Profit	17.97B	3.93B	5.55B	3.6B	12.5B
Selling General & Admin Expenses, Total	14.72B	7.23B	9.52B	8.94B	12.66B
Other Operating Expenses	-	-	-	144M	-
Other Operating Expenses, Total	14.72B	7.23B	9.52B	9.08B	12.66B
Operating Income	3.25B	-3.29B	-3.97B	-5.49B	-158M
Interest Expense, Total	-33.7M	-31.7M	-343M	-1.12B	-1.93B
Interest And Investment Income	3.8M	2M	3M	-	-
Net Interest Expenses	-29.9M	-29.7M	-340M	-1.12B	-1.93B
Income (Loss) On Equity Invest.	19.1M	16.5M	13.1M	400K	-1.3M
Other Non Operating Income (Expenses)	329M	155M	121M	36.2M	251M
EBT, Excl. Unusual Items	3.57B	-3.15B	-4.18B	-6.57B	-1.84B
Restructuring Charges	-	-	-	-1.21B	-
Gain (Loss) On Sale Of Investments	-200M	-	-	-	-
EBT, Incl. Unusual Items	3.37B	-3.15B	-4.18B	-7.79B	-1.84B
Income Tax Expense	51.6M	22.5M	21.4M	61.1M	36.1M
Earnings From Continuing Operations	3.32B	-3.17B	-4.2B	-7.85B	-1.88B
Net Income to Company	3.32B	-3.17B	-4.2B	-7.85B	-1.88B
Minority Interest	-110M	150M	54.4M	50.2M	-135M
Net Income - (IS)	3.21B	-3.02B	-4.14B	-7.8B	-2.01B
Net Income to Common Incl Extra Items	3.21B	-3.02B	-4.14B	-7.8B	-2.01B
Net Income to Common Excl. Extra Items	3.21B	-3.02B	-4.14B	-7.8B	-2.01B
Per Share Items
Net EPS - Basic	0.57	-0.53	-0.73	-1.23	-0.28
Basic EPS - Continuing Operations	0.57	-0.53	-0.73	-1.23	-0.28
Basic Weighted Average Shares Outstanding	5.66B	5.67B	5.68B	6.36B	7.1B
Net EPS - Diluted	0.57	-0.53	-0.73	-1.23	-0.28
Diluted EPS - Continuing Operations	0.57	-0.53	-0.73	-1.23	-0.28
Diluted Weighted Average Shares Outstanding	5.67B	5.67B	5.68B	6.36B	7.1B
Normalized Basic EPS	0.37	-0.32	-0.45	-0.64	-0.18
Normalized Diluted EPS	0.37	-0.32	-0.45	-0.64	-0.18
Dividend Per Share	0.3	-	-	-	-
Payout Ratio	51.21	-41.22	-	-	-
American Depositary Receipts Ratio (ADR)	4	4	4	4	4
Supplemental Items
EBITDA	4.08B	-2.68B	-3.11B	-3.94B	1.57B
EBITA	3.25B	-3.23B	-3.88B	-5.4B	97.3M
EBIT	3.25B	-3.29B	-3.97B	-5.49B	-158M
EBITDAR	4.29B	-2.64B	-3.08B	-3.93B	1.62B
Total Revenues (As Reported)	-	-	10.08B	6.68B	21.62B
Effective Tax Rate - (Ratio)	1.53	-0.71	-0.51	-0.78	-1.96
Current Domestic Taxes	62.6M	23.8M	21.4M	61.1M	36.1M
Total Current Taxes	62.6M	23.8M	21.4M	61.1M	36.1M
Deferred Domestic Taxes	-11M	-1.3M	-	-	-
Total Deferred Taxes	-11M	-1.3M	-	-	-
Normalized Net Income	2.12B	-1.82B	-2.56B	-4.06B	-1.28B
Interest Capitalized	614M	513M	322M	-	-
Interest on Long-Term Debt	648M	545M	421M	534M	678M
Supplemental Operating Expense Items
Marketing Expenses	6.22B	125M	1.15B	462M	3.83B
Selling and Marketing Expenses	6.22B	125M	1.15B	462M	3.83B
Net Rental Expense, Total	208M	39.9M	30.7M	8.7M	51.2M
Imputed Operating Lease Interest Expense	67.57M	9.54M	7.41M	2.76M	25.56M
Imputed Operating Lease Depreciation	141M	30.36M	23.29M	5.94M	25.64M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	5.5M	1.6M	-	-	-
Total Stock-Based Compensation	5.5M	1.6M	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	8.74B	5.31B	3.02B	6.28B	3.09B
Short Term Investments	5.77B	818M	177M	573M	453M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	14.5B	6.13B	3.2B	6.86B	3.54B
Accounts Receivable, Total	190M	112M	63.2M	120M	203M
Other Receivables	927M	513M	490M	399M	324M
Total Receivables	1.12B	625M	553M	519M	527M
Inventory	103M	122M	151M	147M	148M
Prepaid Expenses	198M	173M	173M	176M	180M
Other Current Assets, Total	1.02B	1.4M	147M	183M	37.7M
Total Current Assets	16.94B	7.05B	4.23B	7.88B	4.43B
Gross Property Plant And Equipment	51.07B	56.53B	58.59B	59.45B	58.92B
Accumulated Depreciation	-12.77B	-13.34B	-14.36B	-16.52B	-17.8B
Net Property Plant And Equipment	38.31B	43.19B	44.23B	42.93B	41.12B
Long-term Investments	1.34B	1.04B	979M	510M	454M
Other Intangibles, Total	198M	132M	43.9M	-	2.3B
Loans Receivable Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	841M	1.31B	427M	1.33B	1.44B
Total Assets	57.63B	52.72B	49.91B	52.65B	49.74B
Liabilities
Accounts Payable, Total	1.05B	308M	263M	86.6M	349M
Accrued Expenses, Total	3.11B	1.17B	1.22B	826M	1.75B
Current Portion of Long-Term Debt	217M	5.27B	13.19B	707M	971M
Current Portion of Leases	178M	256M	344M	46.4M	37.5M
Current Income Taxes Payable	124M	37.2M	21.8M	50.5M	36.1M
Other Current Liabilities	7.89B	6.25B	4.03B	2.82B	2.14B
Total Current Liabilities	12.56B	13.3B	19.07B	4.54B	5.28B
Long-Term Debt	15.27B	13.78B	9.69B	31.41B	27.53B
Long-Term Leases	548M	930M	640M	604M	558M
Deferred Tax Liability Non Current	11.8M	10.5M	10.5M	10.5M	10.5M
Other Non Current Liabilities	-	66.7M	87.6M	71.4M	2.28B
Total Liabilities	28.39B	28.08B	29.5B	36.63B	35.65B
Common Stock, Total	11.28B	11.44B	11.48B	14.42B	14.42B
Retained Earnings	16.64B	12.41B	8.28B	500M	-1.22B
Comprehensive Income and Other	1.08B	686M	588M	1.08B	740M
Total Common Equity	29B	24.53B	20.34B	16B	13.94B
Minority Interest	238M	112M	61.6M	14.8M	150M
Total Equity	29.24B	24.64B	20.41B	16.01B	14.09B
Total Liabilities And Equity	57.63B	52.72B	49.91B	52.65B	49.74B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5.67B	5.68B	5.68B	7.1B	7.1B
ECS Total Common Shares Outstanding	5.66B	5.68B	5.68B	7.1B	7.1B
Book Value / Share	5.12	4.32	3.58	2.25	1.96
Tangible Book Value	28.8B	24.4B	20.3B	16B	11.64B
Tangible Book Value Per Share	5.08	4.3	3.57	2.25	1.64
Total Debt	16.21B	20.24B	23.86B	32.77B	29.09B
Net Debt	1.71B	14.11B	20.66B	25.91B	25.55B
Debt Equivalent Oper. Leases	1.67B	319M	246M	69.6M	410M
Minority Interest, Total (Incl. Fin. Div)	238M	112M	61.6M	14.8M	150M
Equity Method Investments, Total	471M	488M	498M	85.6M	83.2M
Account Code - Inventory Valuation	6	6	6	6	6
Land - (BS)	5.68B	5.68B	21.88B	25.66B	27.43B
Machinery, Total	7.84B	8.04B	19.77B	20.74B	22.22B
Full Time Employees	17.31K	19.7K	20.3K	18.6K	19K
Part Time Employees	21	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	380M	380M	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	3.21B	-3.02B	-4.14B	-7.8B	-2.01B
Depreciation & Amortization - CF	1.06B	934M	1.17B	1.81B	1.58B
Amortization of Goodwill and Intangible Assets - (CF)	-	65.9M	87.8M	89.6M	256M
Depreciation & Amortization, Total	1.06B	1B	1.26B	1.9B	1.84B
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	2.1M	1.3M	100K	2.1M	6.5M
(Gain) Loss on Sale of Investments - (CF)	200M	-	-	144M	-
Asset Writedown & Restructuring Costs	-	-	-	1.21B	-
Provision for Credit Losses	-	-	500K	-	-
(Income) Loss On Equity Investments - (CF)	-19.1M	-16.5M	-13.1M	-400K	1.3M
Stock-Based Compensation (CF)	5.5M	1.6M	-	-	-
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	-159M	-474M	146M	997M	1.98B
Change In Accounts Receivable	104M	455M	82.7M	-107M	-34.5M
Change In Inventories	-12.5M	-18.4M	-29.6M	4.6M	-1.2M
Change In Accounts Payable	39.9M	-5.42B	-1.84B	-568M	2.01B
Cash from Operations	4.42B	-7.49B	-4.54B	-4.22B	3.8B
Capital Expenditure	-5.81B	-3.45B	-1.45B	-1.03B	-1.69B
Sale of Property, Plant, and Equipment	2.7M	200K	2.4M	2.8M	2.1M
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-198M	-	-	-45.7M	-
Investment in Marketable and Equity Securities, Total	6.61B	4.95B	641M	-83.6M	120M
Other Investing Activities, Total	131M	1.04B	14.9M	-858M	292M
Cash from Investing	734M	2.54B	-788M	-2.02B	-1.27B
Long-Term Debt Issued, Total	-	3.58B	19.31B	22.02B	-
Total Debt Issued	-	3.58B	19.31B	22.02B	-
Long-Term Debt Repaid, Total	-552M	-394M	-15.71B	-14.15B	-3.85B
Total Debt Repaid	-552M	-394M	-15.71B	-14.15B	-3.85B
Issuance of Common Stock	19.3M	114M	32.4M	2.95B	-
Common Dividends Paid	-1.64B	-1.25B	-	-	-
Common & Preferred Stock Dividends Paid	-1.64B	-1.25B	-	-	-
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-566M	-527M	-581M	-1.33B	-1.86B
Cash from Financing	-2.74B	1.52B	3.04B	9.49B	-5.71B
Net Change in Cash	2.42B	-3.43B	-2.28B	3.26B	-3.19B
Supplemental Items
Cash Interest Paid	541M	507M	500M	951M	1.8B
Cash Income Tax Paid (Refund)	55.7M	110M	36.8M	32.4M	50.5M
Levered Free Cash Flow	-3.34B	-7.41B	-5.22B	-5.07B	-540M
Unlevered Free Cash Flow	-3.32B	-7.39B	-5B	-4.37B	666M
Change In Net Working Capital	404M	2.88B	2.33B	1.75B	-614M
Net Debt Issued / Repaid	-552M	3.18B	3.59B	7.87B	-3.85B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.56	-3.73	-4.84	-6.69	-0.19
Return on Total Capital	4.57	-4.56	-5.57	-7.37	-0.22
Return On Equity %	11.66	-11.79	-18.64	-43.1	-12.46
Return on Common Equity	11.34	-11.3	-18.47	-42.92	-13.43
Margin Analysis
Gross Profit Margin %	53.04	52.41	55.12	53.85	57.83
SG&A Margin	43.44	96.29	94.52	133.85	58.56
EBITDA Margin %	12.04	-35.72	-30.88	-58.99	7.26
EBITA Margin %	9.6	-43	-38.53	-80.81	0.45
EBIT Margin %	9.6	-43.88	-39.41	-82.15	-0.73
Income From Continuing Operations Margin %	9.79	-42.29	-41.66	-117.52	-8.67
Net Income Margin %	9.47	-40.3	-41.12	-116.77	-9.29
Net Avail. For Common Margin %	9.47	-40.3	-41.12	-116.77	-9.29
Normalized Net Income Margin	6.26	-24.25	-25.37	-60.76	-5.94
Levered Free Cash Flow Margin	-9.87	-98.68	-51.78	-75.87	-2.5
Unlevered Free Cash Flow Margin	-9.8	-98.41	-49.65	-65.36	3.08
Asset Turnover
Asset Turnover	0.59	0.14	0.2	0.13	0.42
Fixed Assets Turnover	0.98	0.18	0.23	0.15	0.51
Receivables Turnover (Average Receivables)	169.38	49.7	114.7	72.75	133.81
Inventory Turnover (Average Inventory)	163.91	31.75	33.13	20.69	61.9
Short Term Liquidity
Current Ratio	1.35	0.53	0.22	1.74	0.84
Quick Ratio	1.24	0.51	0.2	1.62	0.77
Operating Cash Flow to Current Liabilities	0.35	-0.56	-0.24	-0.93	0.72
Days Sales Outstanding (Average Receivables)	2.15	7.36	3.18	5.02	2.73
Days Outstanding Inventory (Average Inventory)	2.23	11.53	11.02	17.64	5.9
Average Days Payable Outstanding	97.71	69.05	22.89	20.75	8.71
Cash Conversion Cycle (Average Days)	-93.33	-50.16	-8.69	1.91	-0.09
Long Term Solvency
Total Debt/Equity	55.44	82.13	116.95	204.62	206.55
Total Debt / Total Capital	35.67	45.09	53.91	67.17	67.38
LT Debt/Equity	54.09	59.69	50.64	199.92	199.4
Long-Term Debt / Total Capital	34.8	32.77	23.34	65.63	65.04
Total Liabilities / Total Assets	49.27	53.26	59.11	69.58	71.68
EBIT / Interest Expense	96.46	-103.91	-11.57	-4.89	-0.08
EBITDA / Interest Expense	127.77	-72.36	-7.91	-3.2	0.87
(EBITDA - Capex) / Interest Expense	-44.71	-181.12	-12.12	-4.12	-0
Total Debt / EBITDA	3.76	-8.82	-8.79	-9.12	17.31
Net Debt / EBITDA	0.4	-6.15	-7.61	-7.22	15.2
Total Debt / (EBITDA - Capex)	-10.76	-3.52	-5.74	-7.09	-4.1K
Net Debt / (EBITDA - Capex)	-1.13	-2.46	-4.97	-5.6	-3.6K
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-1.56	-77.84	34.23	-33.72	223.77
Gross Profit, 1 Yr. Growth %	5.57	-78.1	41.15	-35.25	247.73
EBITDA, 1 Yr. Growth %	7.77	-169.13	16.06	26.6	-139.83
EBITA, 1 Yr. Growth %	24.01	-205.82	20.27	39	-101.8
EBIT, 1 Yr. Growth %	24.01	-207.98	20.53	38.18	-97.11
Earnings From Cont. Operations, 1 Yr. Growth %	13.92	-195.7	32.23	86.96	-76.11
Net Income, 1 Yr. Growth %