Cash flow Stef

Equities

STF

FR0000064271

Ground Freight & Logistics

Market Closed - Euronext Paris Other stock markets 11:55:00 2026-01-16 am EST			5-day change	1st Jan Change
126.20 ^EUR	+0.16%		-1.25%	-3.96%

25-10-17	STEF: Q3 sales up 6.6%
25-10-17	French and Benelux stocks-Factors to watch	RE

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Published financial data: STEF

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	3.15B	3.51B	4.26B	4.44B	4.8B
Total Revenues	3.15B	3.51B	4.26B	4.44B	4.8B
Cost of Goods Sold, Total	2.78B	3.1B	3.8B	3.94B	4.27B
Gross Profit	368M	407M	460M	501M	528M
Depreciation & Amortization - (IS)	174M	179M	196M	200M	241M
Other Operating Expenses	68.9M	53.84M	68.56M	49.3M	65.74M
Other Operating Expenses, Total	243M	232M	265M	249M	307M
Operating Income	124M	174M	195M	251M	221M
Interest Expense, Total	-8.54M	-7.42M	-10.79M	-27.68M	-41.35M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-8.54M	-7.42M	-10.79M	-27.68M	-41.35M
Income (Loss) On Equity Invest.	5.16M	8.17M	10.45M	9.71M	8.07M
Currency Exchange Gains (Loss)	-32K	148K	318K	438K	-347K
Other Non Operating Income (Expenses)	1.04M	831K	780K	2M	1.86M
EBT, Excl. Unusual Items	122M	176M	196M	236M	189M
Impairment of Goodwill	-7.1M	-	-	-	-
Gain (Loss) On Sale Of Investments	2.16M	808K	-	-	-
Gain (Loss) On Sale Of Assets	679K	631K	11.65M	1.93M	8.29M
Asset Writedown	-3.28M	-	-3.06M	-53K	-425K
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-21.9M	-	-	-
EBT, Incl. Unusual Items	115M	156M	204M	238M	197M
Income Tax Expense	42.16M	45.85M	58.25M	62.8M	47.8M
Earnings From Continuing Operations	72.36M	110M	146M	175M	149M
Earnings Of Discontinued Operations	-	-	-	16.88M	8.5M
Net Income to Company	72.36M	110M	146M	192M	157M
Minority Interest	407K	195K	374K	19K	-79K
Net Income - (IS)	72.77M	110M	146M	192M	157M
Net Income to Common Incl Extra Items	72.77M	110M	146M	192M	157M
Net Income to Common Excl. Extra Items	72.77M	110M	146M	175M	149M
Per Share Items
Net EPS - Basic	5.88	8.88	11.79	15.42	12.57
Basic EPS - Continuing Operations	5.88	8.88	11.79	14.06	11.89
Basic Weighted Average Shares Outstanding	12.37M	12.38M	12.41M	12.43M	12.51M
Net EPS - Diluted	5.86	8.78	11.58	15.16	12.46
Diluted EPS - Continuing Operations	5.86	8.78	11.58	13.82	11.79
Diluted Weighted Average Shares Outstanding	12.41M	12.53M	12.64M	12.64M	12.62M
Normalized Basic EPS	6.2	8.91	9.88	11.85	9.42
Normalized Diluted EPS	6.18	8.8	9.71	11.66	9.34
Dividend Per Share	4	3	4	5.1	4.15
Payout Ratio	25.51	28.14	25.46	25.95	40.67
Supplemental Items
EBITDA	244M	296M	327M	383M	399M
EBITA	128M	174M	195M	251M	221M
EBIT	124M	174M	195M	251M	221M
EBITDAR	265M	322M	360M	414M	436M
Effective Tax Rate - (Ratio)	36.82	29.46	28.52	26.44	24.31
Total Current Taxes	38.88M	46.48M	63.18M	54.23M	39.81M
Total Deferred Taxes	3.28M	-630K	-4.93M	8.57M	7.99M
Normalized Net Income	76.7M	110M	123M	147M	118M
Interest on Long-Term Debt	2.04M	1.83M	2.49M	3.47M	7.73M
Non-Cash Pension Expense	269K	109K	171K	109K	189K
Supplemental Operating Expense Items
Net Rental Expense, Total	21.07M	25.65M	32.36M	31.81M	36.88M
Imputed Operating Lease Interest Expense	1.56M	1.53M	2.54M	6M	9.33M
Imputed Operating Lease Depreciation	19.51M	24.13M	29.82M	25.81M	27.54M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	54.41M	92.24M	87.59M	144M	85.12M
Total Cash And Short Term Investments	54.41M	92.24M	87.59M	144M	85.12M
Accounts Receivable, Total	511M	613M	735M	713M	773M
Other Receivables	134M	124M	145M	141M	157M
Total Receivables	644M	737M	880M	854M	930M
Inventory	81.15M	86.23M	126M	126M	102M
Prepaid Expenses	7.08M	9.58M	14.96M	12.2M	16.05M
Other Current Assets, Total	9.61M	8.79M	9.25M	8.63M	10.77M
Total Current Assets	797M	934M	1.12B	1.14B	1.14B
Gross Property Plant And Equipment	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	1.53B	1.62B	1.81B	1.92B	2.25B
Long-term Investments	88.47M	109M	102M	100M	112M
Goodwill	206M	282M	295M	317M	390M
Other Intangibles, Total	13.78M	15.08M	13.78M	15.48M	18.88M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	8.5M	10.84M	9.82M	8.23M	8.87M
Other Long-Term Assets, Total	-1K	-	-1K	-	1K
Total Assets	2.64B	2.98B	3.35B	3.51B	3.93B
Liabilities
Accounts Payable, Total	461M	558M	636M	616M	628M
Accrued Expenses, Total	280M	305M	331M	345M	372M
Short-term Borrowings	324M	368M	249M	305M	262M
Current Portion of Long-Term Debt	56.83M	58.4M	166M	209M	272M
Current Portion of Leases	57M	55.41M	55.56M	55.12M	72.88M
Current Income Taxes Payable	363K	5.96M	13.37M	1.89M	2.67M
Unearned Revenue Current, Total	22.46M	23.92M	24.68M	27.03M	27.89M
Other Current Liabilities	30.76M	36.92M	39.94M	50.36M	94.46M
Total Current Liabilities	1.23B	1.41B	1.52B	1.61B	1.73B
Long-Term Debt	362M	372M	512M	453M	569M
Long-Term Leases	159M	183M	178M	167M	250M
Pension & Other Post Retirement Benefits	27.89M	19.79M	10.56M	9.53M	17.16M
Deferred Tax Liability Non Current	21.13M	27.01M	30.15M	40.83M	52.7M
Other Non Current Liabilities	19.94M	49.31M	59.29M	43.82M	27.74M
Total Liabilities	1.82B	2.06B	2.31B	2.32B	2.65B
Common Stock, Total	13M	13M	13M	13M	12.85M
Treasury Stock	-38.92M	-38.31M	-37.94M	-37.2M	-33.17M
Comprehensive Income and Other	843M	938M	1.06B	1.21B	1.3B
Total Common Equity	817M	912M	1.04B	1.18B	1.28B
Minority Interest	863K	476K	124K	-1K	51K
Total Equity	818M	913M	1.04B	1.18B	1.28B
Total Liabilities And Equity	2.64B	2.98B	3.35B	3.51B	3.93B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	12.38M	12.39M	12.42M	12.43M	12.54M
ECS Total Common Shares Outstanding	12.38M	12.39M	12.42M	12.43M	12.54M
Book Value / Share	66	73.65	83.7	95.32	101.87
Tangible Book Value	597M	615M	731M	853M	868M
Tangible Book Value Per Share	48.23	49.67	58.81	68.59	69.22
Total Debt	959M	1.04B	1.16B	1.19B	1.43B
Net Debt	905M	945M	1.07B	1.05B	1.34B
Debt Equivalent of Unfunded Proj. Benefit Obligation	27.89M	19.79M	10.56M	9.53M	17.16M
Debt Equivalent Oper. Leases	169M	205M	259M	254M	295M
Minority Interest, Total (Incl. Fin. Div)	863K	476K	124K	-1K	51K
Equity Method Investments, Total	48.58M	65.34M	50.84M	63.04M	71.37M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	50.63M	59M	81.81M	77.15M	51.58M
Inventories - Finished Goods, Total	30.9M	27.28M	44.59M	48.43M	50.08M
Inventories - Others	-	-	-	-	-
Land - (BS)	-	-	-	-	-
Machinery, Total	-	-	-	-	-
Full Time Employees	18.76K	20.53K	21.72K	22.28K	23.1K
Assets under Capital Lease - Gross	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	13.68M	11.17M	13.94M	14.11M	14.19M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	72.77M	110M	146M	192M	157M
Depreciation & Amortization - CF	171M	176M	193M	197M	266M
Amortization of Goodwill and Intangible Assets - (CF)	3.37M	45K	-107K	151K	54K
Depreciation & Amortization, Total	174M	176M	193M	197M	266M
Amortization of Deferred Charges, Total - (CF)	3.48M	2.82M	3.31M	3.36M	4.51M
(Gain) Loss From Sale Of Asset	-518K	-799K	-8.59M	-1.88M	-7.87M
(Gain) Loss on Sale of Investments - (CF)	77K	-209K	965K	-1.14M	-665K
Asset Writedown & Restructuring Costs	7.1M	-	568K	-	-
(Income) Loss On Equity Investments - (CF)	-5.16M	-8.17M	-10.45M	-9.71M	-8.07M
Provision and Write-off of Bad Debts	-	-	-	-	-
Net Cash From Discontinued Operations	-	-	-	-5.43M	-
Other Operating Activities, Total	3.9M	29.13M	13.41M	-19.85M	-12.05M
Change In Accounts Receivable	-	-61.36M	-103M	21.42M	-6.26M
Change In Inventories	-	-2.55M	-39.03M	-4.29M	24.01M
Change In Accounts Payable	-	82.03M	64.4M	-25.28M	-26.86M
Change In Income Taxes	-10.18M	12.66M	9.43M	-25.36M	-28.04M
Change in Other Net Operating Assets	-24.08M	28.95M	-7.21M	36.36M	35.4M
Cash from Operations	221M	368M	263M	357M	397M
Capital Expenditure	-205M	-162M	-227M	-330M	-351M
Sale of Property, Plant, and Equipment	12.6M	5.68M	17.24M	6.5M	7.34M
Cash Acquisitions	-32.35M	-135M	-81.69M	77.41M	-98.91M
Sale (Purchase) of Intangible assets	-3.26M	-3.43M	-2.61M	-5.77M	-4.04M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-6.42M	-2.75M	-4.36M	4.77M	-3.98M
Other Investing Activities, Total	1.2M	2.41M	3.16M	2.1M	3.46M
Cash from Investing	-233M	-295M	-295M	-245M	-447M
Long-Term Debt Issued, Total	110M	208M	304M	176M	285M
Total Debt Issued	110M	208M	304M	176M	285M
Short Term Debt Repaid, Total	-	-	-182M	-	-
Long-Term Debt Repaid, Total	-111M	-184M	-120M	-171M	-243M
Total Debt Repaid	-111M	-184M	-302M	-171M	-243M
Issuance of Common Stock	-	267K	28K	526K	547K
Repurchase of Common Stock	-172K	-	-	-	-
Common Dividends Paid	-18.56M	-30.96M	-37.26M	-49.72M	-63.94M
Common & Preferred Stock Dividends Paid	-18.56M	-30.96M	-37.26M	-49.72M	-63.94M
Other Financing Activities, Total	-	1K	-	-144K	-
Cash from Financing	-19.71M	-6.68M	-34.71M	-43.95M	-20.81M
Foreign Exchange Rate Adjustments	-	-	-865K	1.05M	973K
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-31.36M	66.42M	-67.23M	68.66M	-69.92M
Supplemental Items
Cash Income Tax Paid (Refund)	-	-	51.74M	64.1M	35.02M
Levered Free Cash Flow	5.97M	154M	7.09M	30.28M	53.26M
Unlevered Free Cash Flow	11.31M	159M	13.83M	47.58M	79.11M
Change In Net Working Capital	35.89M	-36.29M	74.79M	-26.28M	-26.13M
Net Debt Issued / Repaid	-975K	24.01M	2.52M	5.39M	42.59M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3	3.88	3.85	4.58	3.71
Return on Total Capital	4.54	5.84	5.87	6.86	5.43
Return On Equity %	9.17	12.65	14.95	15.71	12.09
Return on Common Equity	9.23	12.68	15	15.71	12.08
Margin Analysis
Gross Profit Margin %	11.69	11.6	10.78	11.27	10.99
EBITDA Margin %	7.76	8.45	7.68	8.61	8.32
EBITA Margin %	4.06	4.97	4.57	5.66	4.59
EBIT Margin %	3.96	4.97	4.57	5.65	4.59
Income From Continuing Operations Margin %	2.3	3.13	3.42	3.93	3.1
Net Income Margin %	2.31	3.14	3.43	4.31	3.28
Net Avail. For Common Margin %	2.31	3.14	3.43	3.93	3.1
Normalized Net Income Margin	2.44	3.14	2.88	3.32	2.46
Levered Free Cash Flow Margin	0.19	4.39	0.17	0.68	1.11
Unlevered Free Cash Flow Margin	0.36	4.53	0.32	1.07	1.65
Asset Turnover
Asset Turnover	1.21	1.25	1.35	1.3	1.29
Fixed Assets Turnover	2.11	2.23	2.47	2.38	2.3
Receivables Turnover (Average Receivables)	6.03	6.24	6.33	6.14	6.46
Inventory Turnover (Average Inventory)	35.74	37.04	35.79	31.3	37.62
Short Term Liquidity
Current Ratio	0.65	0.66	0.74	0.71	0.66
Quick Ratio	0.57	0.59	0.64	0.62	0.59
Operating Cash Flow to Current Liabilities	0.18	0.26	0.17	0.22	0.23
Days Sales Outstanding (Average Receivables)	60.73	58.47	57.69	59.49	56.65
Days Outstanding Inventory (Average Inventory)	10.24	9.85	10.2	11.66	9.73
Average Days Payable Outstanding	61.68	59.87	56.67	58	53.6
Cash Conversion Cycle (Average Days)	9.28	8.45	11.21	13.15	12.78
Long Term Solvency
Total Debt/Equity	117.3	113.62	111.57	100.35	111.6
Total Debt / Total Capital	53.98	53.19	52.73	50.09	52.74
LT Debt/Equity	63.75	60.78	66.3	52.3	64.14
Long-Term Debt / Total Capital	29.34	28.45	31.34	26.1	30.31
Total Liabilities / Total Assets	69.02	69.32	68.91	66.23	67.47
EBIT / Interest Expense	14.56	23.5	18.07	9.07	5.33
EBITDA / Interest Expense	34.93	47.18	35.96	16.18	11.76
(EBITDA - Capex) / Interest Expense	10.96	25.39	14.93	4.26	3.27
Total Debt / EBITDA	3.21	2.96	2.99	2.65	2.93
Net Debt / EBITDA	3.03	2.7	2.77	2.33	2.76
Total Debt / (EBITDA - Capex)	10.24	5.5	7.21	10.09	10.54
Net Debt / (EBITDA - Capex)	9.66	5.01	6.66	8.87	9.91
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-8.6	11.5	21.6	6.79	8.07
Gross Profit, 1 Yr. Growth %	-5.87	10.65	13.02	5.41	5.4
EBITDA, 1 Yr. Growth %	-9.61	21.33	10.24	10.73	12.04
EBITA, 1 Yr. Growth %	-20.2	36.48	11.25	11.76	-12.24
EBIT, 1 Yr. Growth %	-22.3	40.14	11.34	11.69	-12.21
Earnings From Cont. Operations, 1 Yr. Growth %	-27.76	51.76	32.94	-1.65	-14.83
Net Income, 1 Yr. Growth %	-27.47	51.18	33.04	30.92	-17.94
Normalized Net Income, 1 Yr. Growth %	-19.89	43.78	10.82	3.45	-19.96
Diluted EPS Before Extra, 1 Yr. Growth %	-27.65	49.83	31.89	-1.85	-14.72
Accounts Receivable, 1 Yr. Growth %	-4.25	20.07	19.89	-2.97	8.42
Inventory, 1 Yr. Growth %	9.3	6.25	46.52	-0.64	-19.04
Net Property, Plant and Equip., 1 Yr. Growth %	5.43	6.45	9.97	6.57	17.02
Total Assets, 1 Yr. Growth %	3.72	12.7	12.25	4.9	11.87
Tangible Book Value, 1 Yr. Growth %	11.09	2.04	16.34	16.71	1.79
Common Equity, 1 Yr. Growth %	7.59	10.85	13.99	13.96	7.78
Cash From Operations, 1 Yr. Growth %	-16.47	66.27	-28.44	35.32	11.42
Capital Expenditures, 1 Yr. Growth %	36.08	-21.07	40.3	48.53	6.44
Levered Free Cash Flow, 1 Yr. Growth %	-94.23	2.48K	-95.45	63.76	1.25K
Unlevered Free Cash Flow, 1 Yr. Growth %	-89.65	1.3K	-91.38	96.82	272.51
Dividend Per Share, 1 Yr. Growth %	-	-25	33.33	27.5	-18.63
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.71	0.95	16.44	12.55	7.43
Gross Profit, 2 Yr. CAGR %	7.9	2.05	11.83	10.93	5.4
EBITDA, 2 Yr. CAGR %	0.18	4.72	15.77	13.52	7.48
EBITA, 2 Yr. CAGR %	-2.58	4.36	23.45	19.81	-0.96
EBIT, 2 Yr. CAGR %	-3.6	4.35	25.14	19.79	-0.98
Earnings From Cont. Operations, 2 Yr. CAGR %	-12.52	4.71	42.04	26.14	-8.47
Net Income, 2 Yr. CAGR %	-12.22	4.71	41.82	31.98	3.65
Normalized Net Income, 2 Yr. CAGR %	-1.61	7.33	26.46	15.36	-9.01
Diluted EPS Before Extra, 2 Yr. CAGR %	-12.42	4.11	40.57	25.48	-8.51
Accounts Receivable, 2 Yr. CAGR %	0.23	7.22	19.98	7.86	2.57
Inventory, 2 Yr. CAGR %	13.55	7.77	24.78	20.66	-10.31
Net Property, Plant and Equip., 2 Yr. CAGR %	10.5	5.94	8.78	8.25	11.67
Total Assets, 2 Yr. CAGR %	7.06	8.12	12.57	8.51	8.33
Tangible Book Value, 2 Yr. CAGR %	10.6	7.01	10.07	16.53	9
Common Equity, 2 Yr. CAGR %	8.56	9.61	12.41	13.97	10.83
Cash From Operations, 2 Yr. CAGR %	-2.84	17.85	9.08	-1.6	22.79
Capital Expenditures, 2 Yr. CAGR %	-16.76	3.64	5.23	42.86	25.73
Levered Free Cash Flow, 2 Yr. CAGR %	-73.7	22.02	8.92	-55.9	69.72
Unlevered Free Cash Flow, 2 Yr. CAGR %	-62.68	20.51	10.56	-45.53	80.9
Dividend Per Share, 2 Yr. CAGR %	26.49	-	0	30.38	1.86
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.86	2.51	7.41	12.2	11.04
Gross Profit, 3 Yr. CAGR %	7.83	8.81	5.59	10.84	9.06
EBITDA, 3 Yr. CAGR %	3.42	6.78	6.61	16.15	10.37
EBITA, 3 Yr. CAGR %	1.24	9.01	6.74	25.28	8
EBIT, 3 Yr. CAGR %	0.5	9.21	6.76	26.38	8
Earnings From Cont. Operations, 3 Yr. CAGR %	-8.32	5.11	13.38	34.16	10.66
Net Income, 3 Yr. CAGR %	-8.06	5.22	13.41	38.09	12.64
Normalized Net Income, 3 Yr. CAGR %	1.48	11.66	8.61	24.3	2.13
Diluted EPS Before Extra, 3 Yr. CAGR %	-8.26	4.75	12.65	33.12	10.32
Accounts Receivable, 3 Yr. CAGR %	2.41	6.45	11.29	11.78	8.04
Inventory, 3 Yr. CAGR %	11.73	11.07	19.39	15.65	5.63
Net Property, Plant and Equip., 3 Yr. CAGR %	12.77	9.14	7.65	8.04	11.1
Total Assets, 3 Yr. CAGR %	9.01	8.91	9.54	9.95	9.62
Tangible Book Value, 3 Yr. CAGR %	8.19	8.03	10.78	12.24	11.39
Common Equity, 3 Yr. CAGR %	9.29	9.59	11.05	12.92	11.87
Cash From Operations, 3 Yr. CAGR %	6.46	16.22	-0.21	17.21	2.56
Capital Expenditures, 3 Yr. CAGR %	6.55	-18.23	14.65	17.22	29.51
Levered Free Cash Flow, 3 Yr. CAGR %	16.31	21.29	-59.08	71.78	-30.07
Unlevered Free Cash Flow, 3 Yr. CAGR %	6.19	25	-49.79	61.41	-20.99
Dividend Per Share, 3 Yr. CAGR %	17.75	6.27	-	8.44	11.42
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.16	4.42	7.46	6.42	6.89
Gross Profit, 5 Yr. CAGR %	6.08	7.77	9.41	9.65	6.2
EBITDA, 5 Yr. CAGR %	4.3	7.06	8.19	9.48	8.12
EBITA, 5 Yr. CAGR %	3.53	8.97	9.6	13.29	6.61
EBIT, 5 Yr. CAGR %	3.2	9.04	9.72	13.41	6.61
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.79	4.68	9.23	13.07	8.24
Net Income, 5 Yr. CAGR %	-0.65	4.79	9.34	15.2	9.4
Normalized Net Income, 5 Yr. CAGR %	5.32	11.67	10.82	13.21	4.25
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.85	4.4	8.82	12.59	7.8
Accounts Receivable, 5 Yr. CAGR %	3.1	6.13	9.11	7.01	7.71
Inventory, 5 Yr. CAGR %	17.41	18.65	16.77	14.81	6.48
Net Property, Plant and Equip., 5 Yr. CAGR %	9.95	10.19	11.16	9.02	9.24
Total Assets, 5 Yr. CAGR %	7.26	9.16	10.42	8.79	9.05
Tangible Book Value, 5 Yr. CAGR %	12.21	9.04	9.16	11.81	10.06
Common Equity, 5 Yr. CAGR %	10.66	10.37	10.69	11.32	10.96
Cash From Operations, 5 Yr. CAGR %	8.79	15.33	7.5	8.73	8.42
Capital Expenditures, 5 Yr. CAGR %	8.35	2.07	6.02	2.22	18.46
Levered Free Cash Flow, 5 Yr. CAGR %	-25.64	71.56	13.3	-18.9	-12.44
Unlevered Free Cash Flow, 5 Yr. CAGR %	-7.76	54.27	7.92	-10.15	-6.26
Dividend Per Share, 5 Yr. CAGR %	15.45	5.92	10.3	15.33	-