Cash flow SMCP S.A

Equities

SMCP

FR0013214145

Apparel & Accessories Retailers

Market Closed - Euronext Paris Other stock markets 12:55:00 2026-03-11 pm EDT			After hours 04:00:50 pm
5.980 ^EUR	-0.17%		5.990	+0.17%

Feb. 27	SMCP Surprises with Better-Than-Expected Margins, Shares Surge
Feb. 27	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	2021	2022	2023	2024	2025
Revenues	1.04B	1.21B	1.23B	1.21B	1.22B
Total Revenues	1.04B	1.21B	1.23B	1.21B	1.22B
Cost of Goods Sold, Total	380M	437M	455M	448M	436M
Gross Profit	658M	769M	775M	763M	782M
Selling General & Admin Expenses, Total	236M	281M	303M	289M	321M
Stock-Based Compensation (IS)	6.7M	5.6M	3M	1.8M	4M
Depreciation & Amortization - (IS)	154M	155M	156M	164M	136M
Other Operating Expenses	173M	222M	236M	293M	233M
Other Operating Expenses, Total	570M	664M	698M	747M	694M
Operating Income	88.6M	106M	77.5M	15.9M	87.8M
Interest Expense, Total	-25.9M	-22.6M	-27.1M	-30.6M	-28.3M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-25.9M	-22.6M	-27.1M	-30.6M	-28.3M
Currency Exchange Gains (Loss)	300K	-1.3M	-300K	-100K	-1.7M
Other Non Operating Income (Expenses)	-1.1M	100K	-600K	-1.6M	-200K
EBT, Excl. Unusual Items	61.9M	81.8M	49.5M	-16.4M	57.6M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-5M	-	-5M	-	-18.8M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-22.1M	-9.8M	-20M	-	-8.1M
Legal Settlements	-	-	-	-	-
Other Unusual Items	900K	-3.3M	-1.9M	-	-
EBT, Incl. Unusual Items	35.7M	68.7M	22.6M	-16.4M	30.7M
Income Tax Expense	12.1M	17.4M	11.4M	7.2M	14.1M
Earnings From Continuing Operations	23.6M	51.3M	11.2M	-23.6M	16.6M
Net Income to Company	23.6M	51.3M	11.2M	-23.6M	16.6M
Net Income - (IS)	23.6M	51.3M	11.2M	-23.6M	16.6M
Net Income to Common Incl Extra Items	23.6M	51.3M	11.2M	-23.6M	16.6M
Net Income to Common Excl. Extra Items	23.6M	51.3M	11.2M	-23.6M	16.6M
Per Share Items
Net EPS - Basic	0.32	0.68	0.15	-0.31	0.21
Basic EPS - Continuing Operations	0.32	0.68	0.15	-0.31	0.21
Basic Weighted Average Shares Outstanding	74.56M	75.09M	75.06M	75.25M	77.93M
Net EPS - Diluted	0.3	0.65	0.14	-0.31	0.21
Diluted EPS - Continuing Operations	0.3	0.65	0.14	-0.31	0.21
Diluted Weighted Average Shares Outstanding	79.61M	79.23M	78.45M	75.25M	79.13M
Normalized Basic EPS	0.52	0.68	0.41	-0.14	0.46
Normalized Diluted EPS	0.49	0.65	0.39	-0.14	0.45
Supplemental Items
EBITDA	140M	152M	121M	61.1M	125M
EBITA	100M	113M	84.4M	23.1M	97.6M
EBIT	88.6M	106M	77.5M	15.9M	87.8M
EBITDAR	160M	173M	144M	-	153M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	33.89	25.33	50.44	-43.9	45.93
Total Current Taxes	4.1M	16.6M	10.5M	7M	13.5M
Total Deferred Taxes	8M	800K	900K	200K	600K
Normalized Net Income	38.69M	51.12M	30.94M	-10.25M	36M
Interest on Long-Term Debt	19.8M	16.8M	23.3M	23.7M	24.1M
Non-Cash Pension Expense	0	0	100K	100K	100K
Supplemental Operating Expense Items
Net Rental Expense, Total	20.3M	21.3M	23.2M	-	28.1M
Imputed Operating Lease Interest Expense	4.7M	4.72M	6.62M	-	9.72M
Imputed Operating Lease Depreciation	15.6M	16.58M	16.58M	-	18.38M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	6.7M	5.6M	3M	1.8M	4M
Total Stock-Based Compensation	6.7M	5.6M	3M	1.8M	4M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	131M	73.3M	50.9M	48.5M	47.4M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	131M	73.3M	50.9M	48.5M	47.4M
Accounts Receivable, Total	56.7M	62.9M	68.2M	69M	60M
Other Receivables	19M	15.5M	21.7M	20M	14.7M
Total Receivables	75.7M	78.4M	89.9M	89M	74.7M
Inventory	234M	292M	282M	260M	233M
Prepaid Expenses	20.3M	20.7M	23.1M	21.7M	17M
Other Current Assets, Total	24.4M	25.2M	24.4M	9.1M	8.8M
Total Current Assets	485M	489M	470M	428M	381M
Gross Property Plant And Equipment	1.03B	1.14B	1.22B	1.33B	1.26B
Accumulated Depreciation	-476M	-600M	-692M	-782M	-793M
Net Property Plant And Equipment	555M	536M	528M	543M	470M
Long-term Investments	-	-	-	-	-
Goodwill	626M	626M	627M	604M	586M
Other Intangibles, Total	679M	674M	675M	675M	671M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	48.4M	35.7M	32M	29.6M	27.2M
Other Long-Term Assets, Total	19.9M	18.8M	19.5M	17.4M	15.4M
Total Assets	2.41B	2.38B	2.35B	2.3B	2.15B
Liabilities
Accounts Payable, Total	139M	153M	146M	127M	123M
Accrued Expenses, Total	62.5M	71.3M	54M	56M	67M
Short-term Borrowings	39.9M	26.9M	42.2M	46.7M	35.5M
Current Portion of Long-Term Debt	70.3M	77.3M	71.4M	79.7M	68.2M
Current Portion of Leases	99.2M	100M	107M	101M	90.5M
Other Current Liabilities	37.1M	41.3M	49.1M	48.8M	35.8M
Total Current Liabilities	448M	470M	469M	459M	420M
Long-Term Debt	339M	262M	224M	159M	91.2M
Long-Term Leases	313M	303M	306M	344M	293M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	5.2M	4.2M	4.9M	4.6M	4.9M
Deferred Tax Liability Non Current	182M	169M	167M	164M	164M
Other Non Current Liabilities	3.4M	700K	700K	4.9M	4.4M
Total Liabilities	1.29B	1.21B	1.17B	1.14B	978M
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	83.3M	83.9M	83.9M	83.9M	86.2M
Additional Paid In Capital	950M	950M	950M	950M	947M
Retained Earnings	23.6M	51.3M	11.2M	-	16.6M
Treasury Stock	-5.4M	-7.7M	-5M	-3.6M	-4.6M
Comprehensive Income and Other	70.7M	95M	140M	133M	126M
Total Common Equity	1.12B	1.17B	1.18B	1.16B	1.17B
Minority Interest	-	-	-	-	-
Total Equity	1.12B	1.17B	1.18B	1.16B	1.17B
Total Liabilities And Equity	2.41B	2.38B	2.35B	2.3B	2.15B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	75.05M	74.62M	74.89M	75.38M	77.83M
ECS Total Common Shares Outstanding	74.31M	74.57M	74.89M	75.38M	77.83M
Book Value / Share	15.1	15.72	15.76	15.43	15.06
Tangible Book Value	-183M	-129M	-122M	-116M	-84.5M
Tangible Book Value Per Share	-2.46	-1.72	-1.62	-1.54	-1.09
Total Debt	861M	769M	750M	730M	579M
Net Debt	730M	696M	699M	681M	531M
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.2M	4.2M	4.9M	4.6M	4.9M
Debt Equivalent Oper. Leases	162M	170M	186M	-	225M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	35.8M	44.7M	39.3M	30.7M	29.9M
Inventories - Finished Goods, Total	222M	275M	267M	253M	226M
Machinery, Total	3.8M	3.8M	3.9M	3.3M	2.8M
Full Time Employees	5.38K	5.61K	5.77K	4.58K	-
Part Time Employees	-	-	-	2.02K	-
Accumulated Allowance for Doubtful Accounts (Supple)	300K	200K	800K	2.3M	5.7M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	23.6M	51.3M	11.2M	-23.6M	16.6M
Depreciation & Amortization - CF	142M	148M	149M	156M	126M
Amortization of Goodwill and Intangible Assets - (CF)	11.4M	7.1M	6.9M	7.2M	9.8M
Depreciation & Amortization, Total	153M	155M	156M	164M	136M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	27.1M	9.8M	25M	34.8M	29.6M
Stock-Based Compensation (CF)	6.7M	5.6M	3M	-	-
Other Operating Activities, Total	34.3M	32.3M	24.4M	29.9M	35.5M
Change In Accounts Receivable	-7.1M	-5.5M	-2.6M	16.3M	11.5M
Change In Inventories	-3.4M	-58M	9.7M	25.2M	19.7M
Change In Accounts Payable	16M	18.1M	-10.8M	-12.2M	4.2M
Cash from Operations	250M	209M	216M	234M	253M
Capital Expenditure	-46.7M	-45.5M	-55M	-43.7M	-31.6M
Sale of Property, Plant, and Equipment	600K	-	-	2.5M	2M
Cash Acquisitions	-	-	-6.1M	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-1.1M	900K	-600K	2.2M	1.6M
Other Investing Activities, Total	-	-	-	200K	-
Cash from Investing	-47.2M	-44.6M	-61.7M	-38.8M	-28M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	53M	-	32.6M	-	-
Total Debt Issued	53M	-	32.6M	-	-
Short Term Debt Repaid, Total	-112M	-85M	-76.2M	-55.5M	-74.6M
Long-Term Debt Repaid, Total	-120M	-121M	-128M	-128M	-117M
Total Debt Repaid	-233M	-206M	-204M	-183M	-191M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-5.5M	-7.4M	-2.4M	-400K	-1.3M
Other Financing Activities, Total	-14.2M	-9.4M	-17.1M	-19.2M	-15.8M
Cash from Financing	-200M	-223M	-191M	-203M	-208M
Foreign Exchange Rate Adjustments	1.5M	200K	-500K	500K	-1.6M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-100K
Net Change in Cash	4.9M	-58.1M	-37.7M	-7M	15.1M
Supplemental Items
Cash Interest Paid	14.6M	9.9M	16.3M	18.9M	13.1M
Cash Income Tax Paid (Refund)	5M	12.2M	16.9M	10.1M	11.6M
Levered Free Cash Flow	174M	132M	115M	135M	186M
Unlevered Free Cash Flow	190M	146M	132M	154M	204M
Change In Net Working Capital	-21.6M	35.4M	20.2M	-22.2M	-40.5M
Net Debt Issued / Repaid	-180M	-206M	-172M	-183M	-191M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.3	2.76	2.05	0.43	2.47
Return on Total Capital	2.76	3.37	2.5	0.52	3.01
Return On Equity %	2.13	4.48	0.95	-2.01	1.42
Return on Common Equity	2.13	4.48	0.95	-2.01	1.42
Margin Analysis
Gross Profit Margin %	63.39	63.79	63	62.99	64.21
SG&A Margin	22.71	23.31	24.62	23.87	26.38
EBITDA Margin %	13.44	12.56	9.86	5.04	10.28
EBITA Margin %	9.63	9.35	6.86	1.91	8.02
EBIT Margin %	8.53	8.76	6.3	1.31	7.21
Income From Continuing Operations Margin %	2.27	4.25	0.91	-1.95	1.36
Net Income Margin %	2.27	4.25	0.91	-1.95	1.36
Net Avail. For Common Margin %	2.27	4.25	0.91	-1.95	1.36
Normalized Net Income Margin	3.72	4.24	2.51	-0.85	2.96
Levered Free Cash Flow Margin	16.72	10.94	9.36	11.11	15.29
Unlevered Free Cash Flow Margin	18.28	12.12	10.74	12.69	16.75
Asset Turnover
Asset Turnover	0.43	0.5	0.52	0.52	0.55
Fixed Assets Turnover	1.86	2.21	2.31	2.26	2.4
Receivables Turnover (Average Receivables)	18.85	20.16	18.77	17.66	18.87
Inventory Turnover (Average Inventory)	1.67	1.66	1.59	1.65	1.77
Short Term Liquidity
Current Ratio	1.08	1.04	1	0.93	0.91
Quick Ratio	0.46	0.32	0.3	0.3	0.29
Operating Cash Flow to Current Liabilities	0.56	0.44	0.46	0.51	0.6
Days Sales Outstanding (Average Receivables)	19.36	18.1	19.44	20.72	19.34
Days Outstanding Inventory (Average Inventory)	219.08	219.49	229.84	221.2	206.58
Average Days Payable Outstanding	125.2	113.51	130.02	123.83	118.97
Cash Conversion Cycle (Average Days)	113.24	124.08	119.26	118.09	106.95
Long Term Solvency
Total Debt/Equity	76.75	65.62	63.51	62.75	49.39
Total Debt / Total Capital	43.42	39.62	38.84	38.56	33.06
LT Debt/Equity	58.09	48.2	44.85	43.23	32.82
Long-Term Debt / Total Capital	32.87	29.1	27.43	26.56	21.97
Total Liabilities / Total Assets	53.49	50.77	49.8	49.39	45.49
EBIT / Interest Expense	3.42	4.67	2.86	0.52	3.1
EBITDA / Interest Expense	9.32	11.55	8.61	5.86	7.91
(EBITDA - Capex) / Interest Expense	7.52	9.54	6.58	4.43	6.8
Total Debt / EBITDA	3.57	2.95	3.21	4.07	2.58
Net Debt / EBITDA	3.02	2.67	2.99	3.8	2.37
Total Debt / (EBITDA - Capex)	4.42	3.57	4.2	5.38	3.01
Net Debt / (EBITDA - Capex)	3.75	3.23	3.92	5.02	2.76
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	18.97	16.1	2.05	-1.53	0.47
Gross Profit, 1 Yr. Growth %	25.51	16.83	0.78	-1.54	2.41
EBITDA, 1 Yr. Growth %	189.03	10.58	-19.93	-35.95	29.64
EBITA, 1 Yr. Growth %	1.02K	14.18	-25.11	-60.51	66.84
EBIT, 1 Yr. Growth %	-4.13K	15.16	-26.61	-69.19	71.15
Earnings From Cont. Operations, 1 Yr. Growth %	-123.09	114.64	-78.17	-310.71	-170.34
Net Income, 1 Yr. Growth %	-123.09	114.64	-78.17	-310.71	-170.34
Normalized Net Income, 1 Yr. Growth %	-311.26	25.85	-39.49	-169.49	213.04
Diluted EPS Before Extra, 1 Yr. Growth %	-121.7	116.67	-78.46	-324.01	-166.96
Accounts Receivable, 1 Yr. Growth %	5.98	10.93	8.43	1.17	-13.04
Inventory, 1 Yr. Growth %	4.76	24.88	-3.36	-7.67	-10.45
Net Property, Plant and Equip., 1 Yr. Growth %	-1.51	-3.28	-1.68	2.98	-13.48
Total Assets, 1 Yr. Growth %	0.03	-1.11	-1.26	-2.24	-6.46
Tangible Book Value, 1 Yr. Growth %	-17.23	-28.91	-5.44	-4.36	-27.34
Common Equity, 1 Yr. Growth %	2.46	4.91	0.68	-1.44	0.74
Cash From Operations, 1 Yr. Growth %	22.96	-15.08	3.25	10.64	8.25
Capital Expenditures, 1 Yr. Growth %	-19.2	6.56	20.88	-19.37	-27.69
Levered Free Cash Flow, 1 Yr. Growth %	55.49	-24.12	-12.71	34.87	18.79
Unlevered Free Cash Flow, 1 Yr. Growth %	47.39	-23.15	-9.56	31.68	15.93
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-4.21	17.53	8.85	0.24	-0.53
Gross Profit, 2 Yr. CAGR %	-3.93	21.09	8.51	-0.38	0.42
EBITDA, 2 Yr. CAGR %	-9.01	77.11	-5.9	-36.49	14.51
EBITA, 2 Yr. CAGR %	-12.66	255.85	-7.53	-54.73	29.17
EBIT, 2 Yr. CAGR %	-15.27	592.82	-8.07	-61.2	30.44
Earnings From Cont. Operations, 2 Yr. CAGR %	-26.51	-29.15	-31.54	-32.17	21.74
Net Income, 2 Yr. CAGR %	-26.51	-29.15	-31.54	-32.17	21.74
Normalized Net Income, 2 Yr. CAGR %	-18.98	67.09	-12.73	-55.22	56.23
Diluted EPS Before Extra, 2 Yr. CAGR %	-26.15	-31.43	-31.69	-30.54	22.47
Accounts Receivable, 2 Yr. CAGR %	-1.47	8.43	9.67	4.74	-6.2
Inventory, 2 Yr. CAGR %	-2.95	14.38	9.86	-5.54	-9.07
Net Property, Plant and Equip., 2 Yr. CAGR %	-10.22	-2.4	-2.48	0.62	-5.61
Total Assets, 2 Yr. CAGR %	-2.71	-0.65	-1.19	-1.75	-4.37
Tangible Book Value, 2 Yr. CAGR %	-0.49	-23.65	-18.01	-4.9	-16.64
Common Equity, 2 Yr. CAGR %	-2.83	3.45	2.78	-0.38	-0.36
Cash From Operations, 2 Yr. CAGR %	11.44	1.37	-6.36	5.79	9.44
Capital Expenditures, 2 Yr. CAGR %	-19.46	-11.28	13.49	-2	-23.64
Levered Free Cash Flow, 2 Yr. CAGR %	37.42	8.7	-18.61	0.99	36.58
Unlevered Free Cash Flow, 2 Yr. CAGR %	28.12	6.49	-16.63	2.58	32.15
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.7	2.13	12.12	5.27	0.32
Gross Profit, 3 Yr. CAGR %	0.46	2.55	13.9	5.05	0.54
EBITDA, 3 Yr. CAGR %	-3.87	-3.5	35.93	-23.6	-6.18
EBITA, 3 Yr. CAGR %	-8.45	-4.92	111.67	-38.37	-4.68
EBIT, 3 Yr. CAGR %	-10.59	-5.06	227.81	-44.24	-5.97
Earnings From Cont. Operations, 3 Yr. CAGR %	-22.25	5.49	-52.15	-0.42	-31.35
Net Income, 3 Yr. CAGR %	-22.25	5.49	-52.15	-0.42	-31.35
Normalized Net Income, 3 Yr. CAGR %	-15.86	-4.63	19.1	-36.81	-11.03
Diluted EPS Before Extra, 3 Yr. CAGR %	-22.32	5.73	-53.39	1.49	-31.38
Accounts Receivable, 3 Yr. CAGR %	3.31	2.51	8.43	6.76	-1.56
Inventory, 3 Yr. CAGR %	1.79	5.56	8.13	3.67	-7.21
Net Property, Plant and Equip., 3 Yr. CAGR %	94.42	-7.97	-2.16	-0.7	-4.32
Total Assets, 3 Yr. CAGR %	9.18	-2.25	-0.86	-1.54	-3.35
Tangible Book Value, 3 Yr. CAGR %	-6.76	-11.32	-18.01	-13.69	-13.06
Common Equity, 3 Yr. CAGR %	-0.55	-0.46	2.52	1.35	-0.01
Cash From Operations, 3 Yr. CAGR %	39.29	1.24	1.99	-1.68	6.6
Capital Expenditures, 3 Yr. CAGR %	-4.27	-14.19	-1.64	0.77	-11.44
Levered Free Cash Flow, 3 Yr. CAGR %	76.03	12.79	1.03	-8.19	12.16
Unlevered Free Cash Flow, 3 Yr. CAGR %	64.99	8.1	0.85	-6.83	11.75
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.8	5.74	3.88	1.37	6.88
Gross Profit, 5 Yr. CAGR %	5.85	5.62	3.61	1.36	8.3
EBITDA, 5 Yr. CAGR %	1.83	3.46	-5.05	-18.37	20.97
EBITA, 5 Yr. CAGR %	0.79	4.27	-8.32	-29.34	61.44
EBIT, 5 Yr. CAGR %	-0.71	4.36	-8.97	-33.62	109.03
Earnings From Cont. Operations, 5 Yr. CAGR %	-6.95	51.98	-25.92	-11.59	-30.48
Net Income, 5 Yr. CAGR %	-6.95	51.98	-25.92	-11.59	-30.48
Normalized Net Income, 5 Yr. CAGR %	3.94	39.88	-13.78	-29.52	14.48
Diluted EPS Before Extra, 5 Yr. CAGR %	-22.54	49.68	-26.21	-10.63	-31.4
Accounts Receivable, 5 Yr. CAGR %	6.32	3.61	5.81	3.39	2.32
Inventory, 5 Yr. CAGR %	9.69	10.21	4.94	0.97	0.89
Net Property, Plant and Equip., 5 Yr. CAGR %	53.9	51.65	47.53	-4.62	-3.55
Total Assets, 5 Yr. CAGR %	17.66	5.49	4.86	-2.05	-2.28
Tangible Book Value, 5 Yr. CAGR %	-12.59	-15	-11.6	-8.81	-17.46
Common Equity, 5 Yr. CAGR %	27.35	1.86	0.68	-0.43	1.36
Cash From Operations, 5 Yr. CAGR %	18.27	20.8	18.45	3.04	4.48
Capital Expenditures, 5 Yr. CAGR %	10.4	-0.69	0.65	-9.5	-11.38
Levered Free Cash Flow, 5 Yr. CAGR %	36.58	30.69	29.33	7.91	10.76
Unlevered Free Cash Flow, 5 Yr. CAGR %	29.02	13.61	25.6	5.86	9.62