Balance Sheet SMCP S.A

Equities

SMCP

FR0013214145

Apparel & Accessories Retailers

Market Closed - Euronext Paris Other stock markets 11:55:00 2026-01-19 am EST			5-day change	1st Jan Change
6.140 ^EUR	-0.97%		-2.85%	-2.23%

Nov. 28	SMCP Launches Process to Sell Up to 51.2% Stake
Nov. 28	French and Benelux stocks-Factors to watch	RE

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Published financial data: SMCP S.A

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	873M	1.04B	1.21B	1.23B	1.21B
Total Revenues	873M	1.04B	1.21B	1.23B	1.21B
Cost of Goods Sold, Total	348M	380M	437M	455M	448M
Gross Profit	525M	658M	769M	775M	763M
Selling General & Admin Expenses, Total	200M	236M	281M	303M	289M
Stock-Based Compensation (IS)	9.2M	6.7M	5.6M	3M	1.8M
Depreciation & Amortization - (IS)	173M	154M	155M	156M	164M
Other Operating Expenses	145M	173M	222M	236M	293M
Other Operating Expenses, Total	527M	570M	664M	698M	747M
Operating Income	-2.2M	88.6M	106M	77.5M	15.9M
Interest Expense, Total	-27.4M	-25.9M	-22.6M	-27.1M	-30.6M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-27.4M	-25.9M	-22.6M	-27.1M	-30.6M
Currency Exchange Gains (Loss)	-1.6M	300K	-1.3M	-300K	-100K
Other Non Operating Income (Expenses)	1.8M	-1.1M	100K	-600K	-1.6M
EBT, Excl. Unusual Items	-29.4M	61.9M	81.8M	49.5M	-16.4M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-51.9M	-5M	-	-5M	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-30.7M	-22.1M	-9.8M	-20M	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	3.3M	900K	-3.3M	-1.9M	-
EBT, Incl. Unusual Items	-109M	35.7M	68.7M	22.6M	-16.4M
Income Tax Expense	-6.5M	12.1M	17.4M	11.4M	7.2M
Earnings From Continuing Operations	-102M	23.6M	51.3M	11.2M	-23.6M
Net Income to Company	-102M	23.6M	51.3M	11.2M	-23.6M
Net Income - (IS)	-102M	23.6M	51.3M	11.2M	-23.6M
Net Income to Common Incl Extra Items	-102M	23.6M	51.3M	11.2M	-23.6M
Net Income to Common Excl. Extra Items	-102M	23.6M	51.3M	11.2M	-23.6M
Per Share Items
Net EPS - Basic	-1.38	0.32	0.68	0.15	-0.31
Basic EPS - Continuing Operations	-1.38	0.32	0.68	0.15	-0.31
Basic Weighted Average Shares Outstanding	73.93M	74.56M	75.09M	75.06M	75.25M
Net EPS - Diluted	-1.38	0.3	0.65	0.14	-0.31
Diluted EPS - Continuing Operations	-1.38	0.3	0.65	0.14	-0.31
Diluted Weighted Average Shares Outstanding	73.93M	79.61M	79.23M	78.45M	75.25M
Normalized Basic EPS	-0.25	0.52	0.68	0.41	-0.14
Normalized Diluted EPS	-0.25	0.49	0.65	0.39	-0.14
Supplemental Items
EBITDA	50.9M	140M	152M	121M	61.1M
EBITA	8.9M	100M	113M	84.4M	23.1M
EBIT	-2.2M	88.6M	106M	77.5M	15.9M
EBITDAR	-	160M	173M	144M	-
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	5.98	33.89	25.33	50.44	-43.9
Total Current Taxes	6.1M	4.1M	16.6M	10.5M	7M
Total Deferred Taxes	-12.6M	8M	800K	900K	200K
Normalized Net Income	-18.38M	38.69M	51.12M	30.94M	-10.25M
Interest on Long-Term Debt	21.8M	19.8M	16.8M	23.3M	23.7M
Non-Cash Pension Expense	100K	0	0	100K	100K
Supplemental Operating Expense Items
Net Rental Expense, Total	-	20.3M	21.3M	23.2M	-
Imputed Operating Lease Interest Expense	-	4.7M	4.72M	6.62M	-
Imputed Operating Lease Depreciation	-	15.6M	16.58M	16.58M	-
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	9.2M	6.7M	5.6M	3M	1.8M
Total Stock-Based Compensation	9.2M	6.7M	5.6M	3M	1.8M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	127M	131M	73.3M	50.9M	48.5M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	127M	131M	73.3M	50.9M	48.5M
Accounts Receivable, Total	53.5M	56.7M	62.9M	68.2M	69M
Other Receivables	20.4M	19M	15.5M	21.7M	20M
Total Receivables	73.9M	75.7M	78.4M	89.9M	89M
Inventory	223M	234M	292M	282M	260M
Prepaid Expenses	19.8M	20.3M	20.7M	23.1M	21.7M
Other Current Assets, Total	16.1M	24.4M	25.2M	24.4M	9.1M
Total Current Assets	460M	485M	489M	470M	428M
Gross Property Plant And Equipment	934M	1.03B	1.14B	1.22B	1.33B
Accumulated Depreciation	-371M	-476M	-600M	-692M	-782M
Net Property Plant And Equipment	563M	555M	536M	528M	543M
Long-term Investments	-	-	-	-	-
Goodwill	631M	626M	626M	627M	604M
Other Intangibles, Total	685M	679M	674M	675M	675M
Loans Receivable Long-Term	19.6M	-	-	-	-
Deferred Tax Assets Long-Term	53.3M	48.4M	35.7M	32M	29.6M
Other Long-Term Assets, Total	500K	19.9M	18.8M	19.5M	17.4M
Total Assets	2.41B	2.41B	2.38B	2.35B	2.3B
Liabilities
Accounts Payable, Total	129M	139M	153M	146M	127M
Accrued Expenses, Total	41.3M	62.5M	71.3M	54M	56M
Short-term Borrowings	42.6M	39.9M	26.9M	42.2M	46.7M
Current Portion of Long-Term Debt	-	70.3M	77.3M	71.4M	79.7M
Current Portion of Leases	100M	99.2M	100M	107M	101M
Other Current Liabilities	26.2M	37.1M	41.3M	49.1M	48.8M
Total Current Liabilities	339M	448M	470M	469M	459M
Long-Term Debt	467M	339M	262M	224M	159M
Long-Term Leases	320M	313M	303M	306M	344M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	4.5M	5.2M	4.2M	4.9M	4.6M
Deferred Tax Liability Non Current	182M	182M	169M	167M	164M
Other Non Current Liabilities	4M	3.4M	700K	700K	4.9M
Total Liabilities	1.32B	1.29B	1.21B	1.17B	1.14B
Preferred Stock Convertible	1.05M	-	-	-	-
Total Preferred Equity	1.05M	-	-	-	-
Common Stock, Total	81.65M	83.3M	83.9M	83.9M	83.9M
Additional Paid In Capital	951M	950M	950M	950M	950M
Retained Earnings	-102M	23.6M	51.3M	11.2M	-
Treasury Stock	-2.6M	-5.4M	-7.7M	-5M	-3.6M
Comprehensive Income and Other	167M	70.7M	95M	140M	133M
Total Common Equity	1.09B	1.12B	1.17B	1.18B	1.16B
Minority Interest	-	-	-	-	-
Total Equity	1.1B	1.12B	1.17B	1.18B	1.16B
Total Liabilities And Equity	2.41B	2.41B	2.38B	2.35B	2.3B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	74.64M	75.05M	74.62M	74.89M	75.38M
ECS Total Common Shares Outstanding	73.96M	74.31M	74.57M	74.89M	75.38M
Book Value / Share	14.8	15.1	15.72	15.76	15.43
Tangible Book Value	-222M	-183M	-129M	-122M	-116M
Tangible Book Value Per Share	-3	-2.46	-1.72	-1.62	-1.54
Total Debt	930M	861M	769M	750M	730M
Net Debt	803M	730M	696M	699M	681M
Debt Equivalent of Unfunded Proj. Benefit Obligation	4.5M	5.2M	4.2M	4.9M	4.6M
Debt Equivalent Oper. Leases	-	162M	170M	186M	-
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	32.4M	35.8M	44.7M	39.3M	30.7M
Inventories - Finished Goods, Total	215M	222M	275M	267M	253M
Machinery, Total	5.7M	3.8M	3.8M	3.9M	3.3M
Full Time Employees	5.19K	5.38K	5.61K	5.77K	4.58K
Part Time Employees	-	-	-	-	2.02K
Accumulated Allowance for Doubtful Accounts (Supple)	100K	300K	200K	800K	2.3M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-102M	23.6M	51.3M	11.2M	-23.6M
Depreciation & Amortization - CF	161M	142M	148M	149M	156M
Amortization of Goodwill and Intangible Assets - (CF)	11.1M	11.4M	7.1M	6.9M	7.2M
Depreciation & Amortization, Total	172M	153M	155M	156M	164M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	79.8M	27.1M	9.8M	25M	34.8M
Stock-Based Compensation (CF)	-	6.7M	5.6M	3M	-
Other Operating Activities, Total	27.2M	34.3M	32.3M	24.4M	29.9M
Change In Accounts Receivable	5.9M	-7.1M	-5.5M	-2.6M	16.3M
Change In Inventories	21.1M	-3.4M	-58M	9.7M	25.2M
Change In Accounts Payable	-1M	16M	18.1M	-10.8M	-12.2M
Cash from Operations	203M	250M	209M	216M	234M
Capital Expenditure	-57.8M	-46.7M	-45.5M	-55M	-43.7M
Sale of Property, Plant, and Equipment	-	600K	-	-	2.5M
Cash Acquisitions	-2.9M	-	-	-6.1M	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	1.7M	-1.1M	900K	-600K	2.2M
Other Investing Activities, Total	-	-	-	-	200K
Cash from Investing	-59M	-47.2M	-44.6M	-61.7M	-38.8M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	145M	53M	-	32.6M	-
Total Debt Issued	145M	53M	-	32.6M	-
Short Term Debt Repaid, Total	-	-112M	-85M	-76.2M	-55.5M
Long-Term Debt Repaid, Total	-200M	-120M	-121M	-128M	-128M
Total Debt Repaid	-200M	-233M	-206M	-204M	-183M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-5.5M	-7.4M	-2.4M	-400K
Other Financing Activities, Total	-12.7M	-14.2M	-9.4M	-17.1M	-19.2M
Cash from Financing	-68.2M	-200M	-223M	-191M	-203M
Foreign Exchange Rate Adjustments	-1M	1.5M	200K	-500K	500K
Miscellaneous Cash Flow Adjustments	100K	-	-	-	-
Net Change in Cash	75.2M	4.9M	-58.1M	-37.7M	-7M
Supplemental Items
Cash Interest Paid	12.9M	14.6M	9.9M	16.3M	18.9M
Cash Income Tax Paid (Refund)	2.2M	5M	12.2M	16.9M	10.1M
Levered Free Cash Flow	114M	174M	132M	115M	135M
Unlevered Free Cash Flow	131M	190M	146M	132M	154M
Change In Net Working Capital	-8.5M	-21.6M	35.4M	20.2M	-22.2M
Net Debt Issued / Repaid	-55.5M	-180M	-206M	-172M	-183M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-0.06	2.3	2.76	2.05	0.43
Return on Total Capital	-0.07	2.76	3.37	2.5	0.52
Return On Equity %	-8.94	2.13	4.48	0.95	-2.01
Return on Common Equity	-8.95	2.13	4.48	0.95	-2.01
Margin Analysis
Gross Profit Margin %	60.09	63.39	63.79	63	62.99
SG&A Margin	22.94	22.71	23.31	24.62	23.87
EBITDA Margin %	5.83	13.44	12.56	9.86	5.04
EBITA Margin %	1.02	9.63	9.35	6.86	1.91
EBIT Margin %	-0.25	8.53	8.76	6.3	1.31
Income From Continuing Operations Margin %	-11.71	2.27	4.25	0.91	-1.95
Net Income Margin %	-11.71	2.27	4.25	0.91	-1.95
Net Avail. For Common Margin %	-11.71	2.27	4.25	0.91	-1.95
Normalized Net Income Margin	-2.1	3.72	4.24	2.51	-0.85
Levered Free Cash Flow Margin	13.05	16.72	10.94	9.36	11.11
Unlevered Free Cash Flow Margin	15.01	18.28	12.12	10.74	12.69
Asset Turnover
Asset Turnover	0.35	0.43	0.5	0.52	0.52
Fixed Assets Turnover	1.4	1.86	2.21	2.31	2.26
Receivables Turnover (Average Receivables)	15.6	18.85	20.16	18.77	17.66
Inventory Turnover (Average Inventory)	1.48	1.67	1.66	1.59	1.65
Short Term Liquidity
Current Ratio	1.36	1.08	1.04	1	0.93
Quick Ratio	0.59	0.46	0.32	0.3	0.3
Operating Cash Flow to Current Liabilities	0.6	0.56	0.44	0.46	0.51
Days Sales Outstanding (Average Receivables)	23.46	19.36	18.1	19.44	20.72
Days Outstanding Inventory (Average Inventory)	247.29	219.08	219.49	229.84	221.2
Average Days Payable Outstanding	154.31	125.2	113.51	130.02	123.83
Cash Conversion Cycle (Average Days)	116.44	113.24	124.08	119.26	118.09
Long Term Solvency
Total Debt/Equity	84.92	76.75	65.62	63.51	62.75
Total Debt / Total Capital	45.92	43.42	39.62	38.84	38.56
LT Debt/Equity	71.86	58.09	48.2	44.85	43.23
Long-Term Debt / Total Capital	38.86	32.87	29.1	27.43	26.56
Total Liabilities / Total Assets	54.6	53.49	50.77	49.8	49.39
EBIT / Interest Expense	-0.08	3.42	4.67	2.86	0.52
EBITDA / Interest Expense	6.22	9.32	11.55	8.61	5.86
(EBITDA - Capex) / Interest Expense	4.11	7.52	9.54	6.58	4.43
Total Debt / EBITDA	5.46	3.57	2.95	3.21	4.07
Net Debt / EBITDA	4.72	3.02	2.67	2.99	3.8
Total Debt / (EBITDA - Capex)	8.27	4.42	3.57	4.2	5.38
Net Debt / (EBITDA - Capex)	7.14	3.75	3.23	3.92	5.02
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-22.87	18.97	16.1	2.05	-1.53
Gross Profit, 1 Yr. Growth %	-26.45	25.51	16.83	0.78	-1.54
EBITDA, 1 Yr. Growth %	-69.81	189.03	10.58	-19.93	-35.95
EBITA, 1 Yr. Growth %	-93.21	1.02K	14.18	-25.11	-60.51
EBIT, 1 Yr. Growth %	-101.78	-4.13K	15.16	-26.61	-69.19
Earnings From Cont. Operations, 1 Yr. Growth %	-333.87	-123.09	114.64	-78.17	-310.71
Net Income, 1 Yr. Growth %	-333.87	-123.09	114.64	-78.17	-310.71
Normalized Net Income, 1 Yr. Growth %	-131.18	-311.26	25.85	-39.49	-169.49
Diluted EPS Before Extra, 1 Yr. Growth %	-351.35	-121.7	116.67	-78.46	-324.01
Accounts Receivable, 1 Yr. Growth %	-8.39	5.98	10.93	8.43	1.17
Inventory, 1 Yr. Growth %	-10.08	4.76	24.88	-3.36	-7.67
Net Property, Plant and Equip., 1 Yr. Growth %	-18.16	-1.51	-3.28	-1.68	2.98
Total Assets, 1 Yr. Growth %	-5.37	0.03	-1.11	-1.26	-2.24
Tangible Book Value, 1 Yr. Growth %	20.2	-17.23	-28.91	-5.44	-4.36
Common Equity, 1 Yr. Growth %	-7.94	2.46	4.91	0.68	-1.44
Cash From Operations, 1 Yr. Growth %	0.94	22.96	-15.08	3.25	10.64
Capital Expenditures, 1 Yr. Growth %	-19.72	-19.2	6.56	20.88	-19.37
Levered Free Cash Flow, 1 Yr. Growth %	23.83	55.49	-24.12	-12.71	34.87
Unlevered Free Cash Flow, 1 Yr. Growth %	13.28	47.39	-23.15	-9.56	31.68
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-7.36	-4.21	17.53	8.85	0.24
Gross Profit, 2 Yr. CAGR %	-10.11	-3.93	21.09	8.51	-0.38
EBITDA, 2 Yr. CAGR %	-43.09	-9.01	77.11	-5.9	-36.49
EBITA, 2 Yr. CAGR %	-73.87	-12.66	255.85	-7.53	-54.73
EBIT, 2 Yr. CAGR %	-86.68	-15.27	592.82	-8.07	-61.2
Earnings From Cont. Operations, 2 Yr. CAGR %	42.68	-26.51	-29.15	-31.54	-32.17
Net Income, 2 Yr. CAGR %	42.68	-26.51	-29.15	-31.54	-32.17
Normalized Net Income, 2 Yr. CAGR %	-46.81	-18.98	67.09	-12.73	-55.22
Diluted EPS Before Extra, 2 Yr. CAGR %	46.97	-26.15	-31.43	-31.69	-30.54
Accounts Receivable, 2 Yr. CAGR %	1.99	-1.47	8.43	9.67	4.74
Inventory, 2 Yr. CAGR %	0.34	-2.95	14.38	9.86	-5.54
Net Property, Plant and Equip., 2 Yr. CAGR %	173.15	-10.22	-2.4	-2.48	0.62
Total Assets, 2 Yr. CAGR %	14.07	-2.71	-0.65	-1.19	-1.75
Tangible Book Value, 2 Yr. CAGR %	-0.81	-0.49	-23.65	-18.01	-4.9
Common Equity, 2 Yr. CAGR %	-2.06	-2.83	3.45	2.78	-0.38
Cash From Operations, 2 Yr. CAGR %	48.21	11.44	1.37	-6.36	5.79
Capital Expenditures, 2 Yr. CAGR %	4.19	-19.46	-11.28	13.49	-2
Levered Free Cash Flow, 2 Yr. CAGR %	89.13	37.42	8.7	-18.61	0.99
Unlevered Free Cash Flow, 2 Yr. CAGR %	76.04	28.12	6.49	-16.63	2.58
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.46	0.7	2.13	12.12	5.27
Gross Profit, 3 Yr. CAGR %	-3.57	0.46	2.55	13.9	5.05
EBITDA, 3 Yr. CAGR %	-26.43	-3.87	-3.5	35.93	-23.6
EBITA, 3 Yr. CAGR %	-54	-8.45	-4.92	111.67	-38.37
EBIT, 3 Yr. CAGR %	-70.46	-10.59	-5.06	227.81	-44.24
Earnings From Cont. Operations, 3 Yr. CAGR %	152.78	-22.25	5.49	-52.15	-0.42
Net Income, 3 Yr. CAGR %	152.78	-22.25	5.49	-52.15	-0.42
Normalized Net Income, 3 Yr. CAGR %	24.39	-15.86	-4.63	19.1	-36.81
Diluted EPS Before Extra, 3 Yr. CAGR %	151.88	-22.32	5.73	-53.39	1.49
Accounts Receivable, 3 Yr. CAGR %	0.51	3.31	2.51	8.43	6.76
Inventory, 3 Yr. CAGR %	7.51	1.79	5.56	8.13	3.67
Net Property, Plant and Equip., 3 Yr. CAGR %	103.43	94.42	-7.97	-2.16	-0.7
Total Assets, 3 Yr. CAGR %	9.8	9.18	-2.25	-0.86	-1.54
Tangible Book Value, 3 Yr. CAGR %	-8.55	-6.76	-11.32	-18.01	-13.69
Common Equity, 3 Yr. CAGR %	0.78	-0.55	-0.46	2.52	1.35
Cash From Operations, 3 Yr. CAGR %	35.76	39.29	1.24	1.99	-1.68
Capital Expenditures, 3 Yr. CAGR %	7.06	-4.27	-14.19	-1.64	0.77
Levered Free Cash Flow, 3 Yr. CAGR %	48.73	76.03	12.79	1.03	-8.19
Unlevered Free Cash Flow, 3 Yr. CAGR %	19.28	64.99	8.1	0.85	-6.83
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.48	8.8	5.74	3.88	1.37
Gross Profit, 5 Yr. CAGR %	4.51	5.85	5.62	3.61	1.36
EBITDA, 5 Yr. CAGR %	-13.3	1.83	3.46	-5.05	-18.37
EBITA, 5 Yr. CAGR %	-34.51	0.79	4.27	-8.32	-29.34
EBIT, 5 Yr. CAGR %	-49.76	-0.71	4.36	-8.97	-33.62
Earnings From Cont. Operations, 5 Yr. CAGR %	66.9	-6.95	51.98	-25.92	-11.59
Net Income, 5 Yr. CAGR %	66.9	-6.95	51.98	-25.92	-11.59
Normalized Net Income, 5 Yr. CAGR %	-0.51	3.94	39.88	-13.78	-29.52
Diluted EPS Before Extra, 5 Yr. CAGR %	35.04	-22.54	49.68	-26.21	-10.63
Accounts Receivable, 5 Yr. CAGR %	8.4	6.32	3.61	5.81	3.39
Inventory, 5 Yr. CAGR %	12.13	9.69	10.21	4.94	0.97
Net Property, Plant and Equip., 5 Yr. CAGR %	52.2	53.9	51.65	47.53	-4.62
Total Assets, 5 Yr. CAGR %	18.93	17.66	5.49	4.86	-2.05
Tangible Book Value, 5 Yr. CAGR %	-11.86	-12.59	-15	-11.6	-8.81
Common Equity, 5 Yr. CAGR %	32.06	27.35	1.86	0.68	-0.43
Cash From Operations, 5 Yr. CAGR %	15.37	18.27	20.8	18.45	3.04
Capital Expenditures, 5 Yr. CAGR %	10.83	10.4	-0.69	0.65	-9.5
Levered Free Cash Flow, 5 Yr. CAGR %	26.69	36.58	30.69	29.33	7.91
Unlevered Free Cash Flow, 5 Yr. CAGR %	17.24	29.02	13.61	25.6	5.86