Cash flow Smoore International Holdings Limited

Equities

6969

KYG8245V1023

Tobacco

Market Closed - Hong Kong S.E. Other stock markets 04:08:37 2024-09-11 am EDT			5-day change	1st Jan Change
8.770 ^HKD	-0.23%		-4.05%	+34.92%

Aug. 20	Smoore International Holdings' H1 Profit Falls 5%; Shares Slide 5%	MT
Aug. 19	Smoore International Holdings Limited Declares Interim Dividend for the Six Months Ended 30 June 2024, Payable on 23 September 2024	CI

5d90f187f81486cfb53047922.OBsF-3lHaQaCI0nWqvozC4x1ldHxozf6PbLzglhrDK4.bkFaixITD2XKbSWA-MgeeLsPoObJzkafBPS4sxwTZOZRVXTJGDQ9MMBXLg

Published financial data: SMOORE INTERNATIONAL HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	7.61B	10.01B	13.76B	12.14B	11.17B
Other Revenues, Total	-	-	-	-	-
Total Revenues	7.61B	10.01B	13.76B	12.14B	11.17B
Cost of Goods Sold, Total	4.2B	4.63B	6.23B	6.77B	6.8B
Gross Profit	3.41B	5.38B	7.52B	5.38B	4.37B
Selling General & Admin Expenses, Total	489M	827M	1.06B	1.54B	1.39B
Provision for Bad Debts	4.88M	129K	7.66M	-1.27M	9.88M
R&D Expenses	273M	420M	671M	1.37B	1.48B
Other Operating Expenses	83.89M	86.8M	126M	114M	34.16M
Other Operating Expenses, Total	851M	1.33B	1.86B	3.02B	2.92B
Operating Income	2.56B	4.05B	5.66B	2.36B	1.45B
Interest Expense, Total	-18.17M	-15.37M	-25.05M	-28.98M	-27.19M
Interest And Investment Income	4.16M	85.35M	424M	490M	517M
Net Interest Expenses	-14.02M	69.98M	399M	461M	490M
Currency Exchange Gains (Loss)	10.79M	-38.85M	29.73M	76.68M	-76.3M
Other Non Operating Income (Expenses)	24.27M	84.07M	12.12M	13.4M	18.82M
EBT, Excl. Unusual Items	2.58B	4.16B	6.1B	2.91B	1.88B
Gain (Loss) On Sale Of Investments	6.22M	43.78M	66.13M	-	52.64M
Gain (Loss) On Sale Of Assets	-13.91M	-7.48M	-126K	-20.25M	-75.32M
Asset Writedown	-	-	-17.85M	-4.65M	-
Other Unusual Items	-9.12M	-1.08B	60.16M	70.2M	78.87M
EBT, Incl. Unusual Items	2.57B	3.12B	6.21B	2.95B	1.94B
Income Tax Expense	393M	718M	922M	444M	291M
Earnings From Continuing Operations	2.17B	2.4B	5.29B	2.51B	1.65B
Net Income to Company	2.17B	2.4B	5.29B	2.51B	1.65B
Net Income - (IS)	2.17B	2.4B	5.29B	2.51B	1.65B
Net Income to Common Incl Extra Items	2.17B	2.4B	5.29B	2.51B	1.65B
Net Income to Common Excl. Extra Items	2.17B	2.4B	5.29B	2.51B	1.65B
Per Share Items
Net EPS - Basic	0.43	0.44	0.89	0.42	0.27
Basic EPS - Continuing Operations	0.43	0.44	0.89	0.42	0.27
Basic Weighted Average Shares Outstanding	5.05B	5.39B	5.97B	6.03B	6.09B
Net EPS - Diluted	0.43	0.42	0.85	0.41	0.27
Diluted EPS - Continuing Operations	0.43	0.42	0.85	0.41	0.27
Diluted Weighted Average Shares Outstanding	5.09B	5.69B	6.19B	6.18B	6.17B
Normalized Basic EPS	0.32	0.48	0.64	0.3	0.19
Normalized Diluted EPS	0.32	0.46	0.62	0.29	0.19
Dividend Per Share	-	0.23	0.32	0.16	0.09
Payout Ratio	52.53	-	44.83	57.68	43.7
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	2.59B	4.11B	5.75B	2.58B	1.72B
EBITA	2.56B	4.05B	5.66B	2.37B	1.46B
EBIT	2.56B	4.05B	5.66B	2.36B	1.45B
EBITDAR	2.6B	4.11B	5.77B	2.6B	1.74B
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	15.32	23.02	14.85	15.03	15.05
Current Domestic Taxes	403M	665M	927M	408M	-
Total Current Taxes	403M	665M	927M	408M	135M
Total Deferred Taxes	-9.79M	53.25M	-4.16M	36.24M	157M
Normalized Net Income	1.61B	2.6B	3.81B	1.82B	1.18B
Interest on Long-Term Debt	18.15M	15.37M	15.47M	18.84M	20.45M
Supplemental Operating Expense Items
Marketing Expenses	42.43M	40.72M	61.23M	90.71M	129M
Selling and Marketing Expenses	158M	144M	193M	388M	526M
General and Administrative Expenses	327M	683M	864M	1.15B	867M
Research And Development Expense From Footnotes	277M	435M	707M	1.39B	1.5B
Net Rental Expense, Total	8.21M	4.47M	20.97M	20.14M	22.82M
Imputed Operating Lease Interest Expense	1.79M	785K	7.72M	7.1M	7.44M
Imputed Operating Lease Depreciation	6.43M	3.69M	13.25M	13.05M	15.38M
Maintenance & Repair Expenses, Total	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	363M	274M	379M	-
Stock-Based Comp., Other (Total)	61.27M	-	-	-	296M
Total Stock-Based Compensation	61.27M	363M	274M	379M	296M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	731M	9.56B	11.43B	9.76B	5.33B
Short Term Investments	-	-	3.24B	5.43B	10.84B
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	731M	9.56B	14.66B	15.19B	16.17B
Accounts Receivable, Total	659M	2.22B	2.41B	2.3B	1.89B
Other Receivables	172M	179M	206M	593M	575M
Total Receivables	831M	2.4B	2.62B	2.89B	2.46B
Inventory	548M	439M	560M	841M	781M
Other Current Assets, Total	59.3M	47.22M	148M	269M	159M
Total Current Assets	2.17B	12.44B	17.99B	19.2B	19.57B
Gross Property Plant And Equipment	1.11B	1.51B	2.75B	5.27B	5.98B
Accumulated Depreciation	-222M	-396M	-645M	-995M	-1.31B
Net Property Plant And Equipment	887M	1.12B	2.11B	4.27B	4.68B
Long-term Investments	-	1.01B	1.52B	545M	1.02B
Other Intangibles, Total	58.8M	88.16M	60.71M	79.01M	90.13M
Deferred Tax Assets Long-Term	13.8M	11.62M	15.78M	16.42M	34.12M
Deferred Charges Long-Term	-	-	5.69M	-	-
Other Long-Term Assets, Total	173M	111M	1.18B	245M	120M
Total Assets	3.3B	14.77B	22.87B	24.36B	25.51B
Liabilities
Accounts Payable, Total	442M	702M	827M	1.15B	1.27B
Accrued Expenses, Total	462M	620M	958M	1.29B	958M
Short-term Borrowings	447M	-	438M	102M	393M
Current Portion of Leases	107M	118M	146M	157M	118M
Current Income Taxes Payable	94.29M	285M	295M	64.76M	61.82M
Unearned Revenue Current, Total	387M	255M	255M	294M	245M
Other Current Liabilities	111M	129M	476M	535M	521M
Total Current Liabilities	2.05B	2.11B	3.39B	3.59B	3.57B
Long-Term Debt	232M	-	-	-	-
Long-Term Leases	283M	213M	175M	300M	265M
Unearned Revenue Non Current	2.65M	1.94M	5.08M	5.28M	4.99M
Deferred Tax Liability Non Current	-	51.06M	51.06M	87.94M	262M
Total Liabilities	2.57B	2.37B	3.62B	3.98B	4.1B
Common Stock, Total	4K	410M	419M	424M	428M
Additional Paid In Capital	-	8.58B	10.14B	8.67B	8.11B
Retained Earnings	1.87B	4.27B	9.55B	12.06B	13.71B
Comprehensive Income and Other	-1.13B	-856M	-867M	-781M	-836M
Total Common Equity	735M	12.4B	19.25B	20.38B	21.41B
Total Equity	735M	12.4B	19.25B	20.38B	21.41B
Total Liabilities And Equity	3.3B	14.77B	22.87B	24.36B	25.51B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5B	5.87B	6.01B	6.08B	6.14B
ECS Total Common Shares Outstanding	5B	5.87B	6.01B	6.08B	6.14B
Book Value / Share	0.15	2.11	3.2	3.35	3.49
Tangible Book Value	676M	12.31B	19.19B	20.3B	21.32B
Tangible Book Value Per Share	0.14	2.1	3.19	3.34	3.47
Total Debt	1.07B	331M	758M	559M	776M
Net Debt	338M	-9.23B	-13.9B	-14.64B	-15.39B
Debt Equivalent Oper. Leases	65.71M	35.78M	168M	161M	183M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	167M	168M	239M	336M	328M
Inventories - Work In Process, Total	154M	169M	163M	274M	224M
Inventories - Finished Goods, Total	227M	102M	158M	231M	230M
Buildings, Total	-	22.16M	56.5M	134M	1.33B
Machinery, Total	323M	483M	840M	1.33B	1.65B
Full Time Employees	10.54K	14.27K	16.26K	16.37K	13.31K
Accumulated Allowance for Doubtful Accounts (Supple)	8.8M	8.9M	16.56M	12.48M	18.23M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.17B	2.4B	5.29B	2.51B	1.65B
Depreciation & Amortization - CF	28.22M	53.28M	83.5M	213M	255M
Amortization of Goodwill and Intangible Assets - (CF)	1.64M	2.93M	4.24M	8.74M	16.29M
Depreciation & Amortization, Total	29.85M	56.21M	87.74M	222M	271M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	13.91M	7.48M	126K	20.25M	75.32M
(Gain) Loss on Sale of Investments - (CF)	-6.22M	-43.78M	-134M	-22.78M	43.17M
Asset Writedown & Restructuring Costs	-	-	17.85M	4.65M	-
Stock-Based Compensation (CF)	61.27M	363M	274M	379M	296M
Provision and Write-off of Bad Debts	4.88M	129K	7.66M	-1.27M	9.88M
Other Operating Activities, Total	22.16M	1.26B	-298M	-729M	-448M
Change In Accounts Receivable	-312M	-1.63B	-2.2B	-2.28B	308M
Change In Inventories	-35.37M	297M	122M	55.17M	406M
Change In Accounts Payable	-132M	269M	128M	238M	126M
Change in Unearned Revenues	180M	-110M	-1.79M	45.87M	-42.67M
Change In Deferred Taxes	-	-	-	-	-
Change in Other Net Operating Assets	184M	168M	302M	29.08M	503M
Cash from Operations	2.18B	3.04B	3.59B	470M	3.19B
Capital Expenditure	-456M	-339M	-1.96B	-1.65B	-1.19B
Sale of Property, Plant, and Equipment	59.49M	825K	57.84M	4.94M	520K
Sale (Purchase) of Intangible assets	-104M	-47.81M	-19.4M	-40.18M	-42.3M
Investment in Marketable and Equity Securities, Total	6.22M	-955M	-3.58B	-1.14B	-6.31B
Other Investing Activities, Total	5.17M	79.26M	278M	403M	526M
Cash from Investing	-489M	-1.26B	-5.23B	-2.42B	-7.02B
Short Term Debt Issued, Total	365M	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	365M	-	-	-	-
Short Term Debt Repaid, Total	-1M	-	-	-	-
Long-Term Debt Repaid, Total	-86.03M	-101M	-141M	-179M	-174M
Total Debt Repaid	-87.03M	-101M	-141M	-179M	-174M
Issuance of Common Stock	4K	7.4B	3.75B	32.97M	22.45M
Repurchase of Common Stock	-	-	-82.16M	-328M	-134M
Common Dividends Paid	-1.14B	-	-2.37B	-1.45B	-719M
Common & Preferred Stock Dividends Paid	-1.14B	-	-2.37B	-1.45B	-719M
Other Financing Activities, Total	-1.04B	-244M	2.37B	2.2B	392M
Cash from Financing	-1.9B	7.06B	3.52B	276M	-612M
Foreign Exchange Rate Adjustments	-5.64M	-5.58M	-16.17M	14.1M	4.53M
Net Change in Cash	-211M	8.83B	1.87B	-1.66B	-4.43B
Supplemental Items
Cash Interest Paid	18.17M	15.37M	25.05M	28.98M	27.19M
Cash Income Tax Paid (Refund)	422M	474M	916M	638M	138M
Levered Free Cash Flow	885M	1.6B	2.29B	200M	551M
Unlevered Free Cash Flow	896M	1.61B	2.3B	218M	568M
Change In Net Working Capital	236M	949M	-380M	162M	-326M
Net Debt Issued / Repaid	278M	-101M	-141M	-179M	-174M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	55.9	28	18.79	6.24	3.63
Return on Total Capital	105.35	34.82	21.61	7.2	4.2
Return On Equity %	255.19	36.54	33.41	12.67	7.87
Return on Common Equity	255.19	36.54	33.41	12.67	7.87
Margin Analysis
Gross Profit Margin %	44.86	53.77	54.68	44.28	39.12
SG&A Margin	6.42	8.26	7.68	12.64	12.48
EBITDA Margin %	34.07	41.01	41.79	21.24	15.4
EBITA Margin %	33.7	40.48	41.18	19.48	13.11
EBIT Margin %	33.67	40.45	41.15	19.41	12.97
Income From Continuing Operations Margin %	28.56	23.98	38.44	20.67	14.73
Net Income Margin %	28.56	23.98	38.44	20.67	14.73
Net Avail. For Common Margin %	28.56	23.98	38.44	20.67	14.73
Normalized Net Income Margin	21.22	26	27.72	14.97	10.52
Levered Free Cash Flow Margin	11.63	16.02	16.62	1.65	4.93
Unlevered Free Cash Flow Margin	11.78	16.12	16.73	1.8	5.08
Asset Turnover
Asset Turnover	2.66	1.11	0.73	0.51	0.45
Fixed Assets Turnover	10.8	9.99	8.53	3.81	2.5
Receivables Turnover (Average Receivables)	15.04	6.96	5.95	5.16	5.33
Inventory Turnover (Average Inventory)	8.93	9.38	12.48	9.66