TRANSPORT INTERNATIONAL HOLDINGS LIMITED

Cash flow Transport International Holdings Limited

Equities

62 BMG9031M1082

Passenger Transportation, Ground & Sea

Market Closed - Hong Kong S.E. Other stock markets 03:08:03 2025-01-10 am EST			5-day change	1st Jan Change
8.210 ^HKD	-0.12%		+0.12%	-0.48%

Dec. 19	Transport International to Engage Insurance Services	MT
Nov. 01	Transport International Holdings Limited Announces Appointment of Wang Xiao Bin as an Independent Non-Executive Director and A Member of the Audit & Risk Management Committee	CI

209c80832846ba455d72.E0QX56FRJUOFh7VHeR_CWoo5yAJJkvzWF5sGYpckCC4.RT1WrJUAFiT23tkhNk-EafB3glonwZ2xIv8yVqQXWRclK2Wi8xlUIe22hQ

Published financial data: TRANSPORT INTERNATIONAL HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	8.11B	6.19B	7.2B	6.61B	7.88B
Other Revenues, Total	-	-	-	-	-
Total Revenues	8.11B	6.19B	7.2B	6.61B	7.88B
Cost of Goods Sold, Total	5.98B	5.43B	5.36B	5.25B	5.68B
Gross Profit	2.13B	761M	1.84B	1.36B	2.2B
Selling General & Admin Expenses, Total	-	-	-	-	-
Depreciation & Amortization - (IS)	967M	993M	1.02B	1.12B	1.13B
Other Operating Expenses	855M	762M	805M	837M	912M
Other Operating Expenses, Total	1.82B	1.76B	1.82B	1.96B	2.04B
Operating Income	310M	-994M	17.48M	-601M	158M
Interest Expense, Total	-32.18M	-26.93M	-14.35M	-37.61M	-110M
Interest And Investment Income	128M	108M	99.7M	146M	205M
Net Interest Expenses	95.52M	80.69M	85.36M	108M	94.78M
Income (Loss) On Equity Invest.	21.54M	6.56M	27.89M	1.34M	39.25M
Currency Exchange Gains (Loss)	-7.06M	-11.24M	12.77M	12.72M	1.75M
Other Non Operating Income (Expenses)	124M	122M	117M	94.59M	106M
EBT, Excl. Unusual Items	543M	-796M	261M	-384M	400M
Gain (Loss) On Sale Of Investments	-120K	-213K	-3.16M	-90.84M	-260M
Gain (Loss) On Sale Of Assets	4.12M	1.5B	9.23M	5.45M	3.61M
Asset Writedown	-	-	-	-	287M
Other Unusual Items	152M	1.01B	5.39M	526M	-
EBT, Incl. Unusual Items	699M	1.72B	272M	55.86M	431M
Income Tax Expense	94.01M	-182M	27.05M	-87.78M	29.45M
Earnings From Continuing Operations	605M	1.9B	245M	144M	402M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	605M	1.9B	245M	144M	402M
Minority Interest	-	-	-	-	-
Net Income - (IS)	605M	1.9B	245M	144M	402M
Net Income to Common Incl Extra Items	605M	1.9B	245M	144M	402M
Net Income to Common Excl. Extra Items	605M	1.9B	245M	144M	402M
Per Share Items
Net EPS - Basic	1.38	4.21	0.53	0.31	0.83
Basic EPS - Continuing Operations	1.38	4.21	0.53	0.31	0.83
Basic Weighted Average Shares Outstanding	440M	452M	462M	470M	483M
Net EPS - Diluted	1.38	4.21	0.53	0.31	0.83
Diluted EPS - Continuing Operations	1.38	4.21	0.53	0.31	0.83
Diluted Weighted Average Shares Outstanding	440M	452M	462M	470M	483M
Normalized Basic EPS	0.77	-1.1	0.35	-0.51	0.52
Normalized Diluted EPS	0.77	-1.1	0.35	-0.51	0.52
Dividend Per Share	1	0.5	0.5	0.5	0.8
Payout Ratio	43.15	7.84	44.66	81.39	47.43
Supplemental Items
EBITDA	1.27B	-7.06M	1.03B	516M	1.29B
EBITA	310M	-994M	17.48M	-601M	158M
EBIT	310M	-994M	17.48M	-601M	158M
EBITDAR	1.27B	-5.2M	1.03B	517M	1.29B
Effective Tax Rate - (Ratio)	13.44	-10.57	9.94	-157.14	6.83
Current Domestic Taxes	103M	-5.84M	14.46M	19.85M	25.51M
Total Current Taxes	103M	-5.84M	14.46M	19.85M	25.51M
Total Deferred Taxes	-9.09M	-176M	12.59M	-108M	3.95M
Normalized Net Income	339M	-497M	163M	-240M	250M
Interest Capitalized	36.55M	24.82M	14.68M	43.65M	125M
Interest on Long-Term Debt	68.73M	161K	94K	92K	290K
Non-Cash Pension Expense	-13.92M	-19.85M	-3M	-21.4M	-52.3M
Supplemental Operating Expense Items
Net Rental Expense, Total	3.67M	1.86M	1.89M	1.69M	2.02M
Imputed Operating Lease Interest Expense	756K	266K	141K	270K	787K
Imputed Operating Lease Depreciation	2.92M	1.6M	1.75M	1.42M	1.23M
Stock-Based Comp., COGS (Total)	-11K	600K	4.11M	1.19M	6.25M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-11K	600K	4.11M	1.19M	6.25M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	542M	1.13B	826M	1.8B	497M
Short Term Investments	1.5B	1.07B	758M	227M	1.2B
Trading Asset Securities, Total	-	-	-	7.58M	5.2M
Total Cash And Short Term Investments	2.04B	2.2B	1.58B	2.03B	1.7B
Accounts Receivable, Total	119M	165M	264M	336M	462M
Other Receivables	548M	500M	347M	624M	565M
Notes Receivable	-	123K	10.05M	13.64M	13.54M
Total Receivables	667M	666M	621M	973M	1.04B
Inventory	79M	95.3M	103M	95.5M	110M
Other Current Assets, Total	147M	350M	412M	443M	448M
Total Current Assets	2.93B	3.32B	2.72B	3.55B	3.3B
Gross Property Plant And Equipment	17B	17.66B	18.15B	18.6B	18.96B
Accumulated Depreciation	-9.66B	-9.93B	-10.22B	-10.85B	-11.2B
Net Property Plant And Equipment	7.34B	7.74B	7.93B	7.74B	7.76B
Long-term Investments	1.87B	2.85B	2.76B	3.02B	2.57B
Goodwill	84.05M	84.05M	84.05M	84.05M	84.05M
Other Intangibles, Total	365M	365M	420M	529M	529M
Loans Receivable Long-Term	-	34.42M	24.37M	50.78M	50.88M
Deferred Tax Assets Long-Term	477K	456K	528K	730K	2.03M
Other Long-Term Assets, Total	4.12B	4.92B	6.01B	6.18B	9.89B
Total Assets	16.71B	19.3B	19.95B	21.15B	24.19B
Liabilities
Accounts Payable, Total	136M	98.48M	200M	122M	145M
Accrued Expenses, Total	12.38M	7.15M	-	-	4.92M
Current Portion of Long-Term Debt	-	1.4B	994M	1.67B	1.26B
Current Portion of Leases	3.91M	3.62M	3.51M	4.08M	3.59M
Current Income Taxes Payable	87.28M	9.26M	2.66M	13.48M	7.37M
Other Current Liabilities	1.32B	1.57B	1.56B	1.5B	1.75B
Total Current Liabilities	1.56B	3.09B	2.76B	3.31B	3.17B
Long-Term Debt	2.71B	1.68B	2.14B	3.29B	3.38B
Long-Term Leases	3.11M	1.86M	3.31M	3.23M	1.95M
Pension & Other Post Retirement Benefits	2.55M	1.05M	919K	1.5M	80.49M
Deferred Tax Liability Non Current	1.23B	1.12B	1.19B	1.01B	1.01B
Other Non Current Liabilities	244M	218M	178M	148M	142M
Total Liabilities	5.74B	6.12B	6.27B	7.77B	7.78B
Common Stock, Total	447M	458M	465M	475M	494M
Additional Paid In Capital	948M	1.1B	1.21B	1.32B	1.49B
Retained Earnings	7.88B	9.84B	10.12B	9.7B	12.45B
Comprehensive Income and Other	1.7B	1.79B	1.89B	1.89B	1.97B
Total Common Equity	10.97B	13.19B	13.68B	13.38B	16.41B
Minority Interest	-	-	-	-	-
Total Equity	10.97B	13.19B	13.68B	13.38B	16.41B
Total Liabilities And Equity	16.71B	19.3B	19.95B	21.15B	24.19B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	447M	458M	465M	475M	494M
ECS Total Common Shares Outstanding	447M	458M	465M	475M	494M
Book Value / Share	24.55	28.8	29.39	28.17	33.19
Tangible Book Value	10.52B	12.74B	13.17B	12.76B	15.79B
Tangible Book Value Per Share	23.54	27.82	28.3	26.88	31.95
Total Debt	2.71B	3.09B	3.14B	4.97B	4.65B
Net Debt	675M	883M	1.56B	2.94B	2.94B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-1.31B	-1.7B	-1.96B	-1.54B	-1.61B
Debt Equivalent Oper. Leases	29.38M	14.89M	15.14M	13.49M	16.12M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	607M	1.41B	1.43B	1.35B	1.36B
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Others	79M	95.3M	103M	95.5M	110M
Buildings, Total	1.55B	1.56B	1.58B	1.6B	1.64B
Machinery, Total	15.35B	15.52B	16.1B	16.71B	17.04B
Full Time Employees	13.1K	12.94K	12.42K	12.03K	11.41K
Part Time Employees	893	736	652	809	945
Accumulated Allowance for Doubtful Accounts (Supple)	360K	360K	360K	360K	360K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	605M	1.9B	245M	144M	402M
Depreciation & Amortization - CF	967M	993M	1.02B	1.12B	1.13B
Depreciation & Amortization, Total	967M	993M	1.02B	1.12B	1.13B
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-4.12M	-1.5B	-9.23M	-5.45M	-3.61M
(Gain) Loss on Sale of Investments - (CF)	120K	213K	3.16M	-1.16M	7K
Asset Writedown & Restructuring Costs	-	-	-	-	-287M
(Income) Loss On Equity Investments - (CF)	-21.54M	-6.56M	-27.89M	-1.34M	-39.25M
Stock-Based Compensation (CF)	-11K	600K	4.11M	1.19M	6.25M
Provision and Write-off of Bad Debts	-	-	-	92M	260M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	66.52M	-248M	-33.27M	-170M	-131M
Change In Accounts Receivable	-292M	-18.86M	59.9M	-308M	3.04M
Change In Inventories	3.49M	-16.3M	-8.12M	7.92M	-14.19M
Change In Accounts Payable	87.68M	116M	50.07M	-16.93M	67.11M
Change in Other Net Operating Assets	27.39M	-21.3M	17.5M	-16.23M	-28.96M
Cash from Operations	1.44B	1.2B	1.32B	850M	1.37B
Capital Expenditure	-832M	-1.27B	-1.42B	-971M	-1.12B
Sale of Property, Plant, and Equipment	6.18M	9.16M	12.49M	6.09M	7.1M
Divestitures	-	745M	-	-	-
Sale (Purchase) of Real Estate properties	-221M	-405M	-693M	-775M	-450M
Sale (Purchase) of Intangible assets	-4.34M	-	-54.76M	-109M	-
Investment in Marketable and Equity Securities, Total	177M	241M	479M	-283M	-236M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-34.54M	123K	-30M	-
Other Investing Activities, Total	-67.37M	-110M	92.2M	121M	82.33M
Cash from Investing	-941M	-827M	-1.58B	-2.04B	-1.71B
Long-Term Debt Issued, Total	1.76B	2.52B	2.9B	5.36B	6.18B
Total Debt Issued	1.76B	2.52B	2.9B	5.36B	6.18B
Long-Term Debt Repaid, Total	-1.69B	-2.15B	-2.84B	-3.52B	-6.52B
Total Debt Repaid	-1.69B	-2.15B	-2.84B	-3.52B	-6.52B
Issuance of Common Stock	8.98M	-	-	-	-
Common Dividends Paid	-261M	-149M	-109M	-117M	-191M
Common & Preferred Stock Dividends Paid	-261M	-149M	-109M	-117M	-191M
Other Financing Activities, Total	-200K	-161K	7.91M	7.77M	10.45M
Cash from Financing	-181M	218M	-48.9M	1.72B	-513M
Foreign Exchange Rate Adjustments	863K	1.4M	3.13M	615K	731K
Net Change in Cash	318M	591M	-307M	531M	-860M
Supplemental Items
Cash Interest Paid	30M	25.33M	14.8M	31.2M	113M
Cash Income Tax Paid (Refund)	1.42M	75.43M	21.03M	4.74M	30.7M
Levered Free Cash Flow	254M	-1.01B	-395M	-859M	236M
Unlevered Free Cash Flow	274M	-991M	-386M	-836M	304M
Change In Net Working Capital	49.13M	91.2M	-52M	504M	-184M
Net Debt Issued / Repaid	71.08M	367M	52.64M	1.83B	-333M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.2	-3.45	0.06	-1.83	0.41
Return on Total Capital	1.46	-4.15	0.07	-2.14	0.47
Return On Equity %	5.72	15.76	1.82	1.06	2.47
Return on Common Equity	5.72	15.76	1.82	1.06	2.47
Margin Analysis
Gross Profit Margin %	26.27	12.3	25.55	20.57	27.93
SG&A Margin	-	-	-	-	-
EBITDA Margin %	15.66	-0.11	14.29	7.8	16.31
EBITA Margin %	3.82	-16.05	0.24	-9.1	2.01
EBIT Margin %	3.82	-16.05	0.24	-9.1	2.01
Income From Continuing Operations Margin %	7.46	30.76	3.4	2.17	5.09
Net Income Margin %	7.46	30.76	3.4	2.17	5.09
Net Avail. For Common Margin %	7.46	30.76	3.4	2.17	5.09
Normalized Net Income Margin	4.18	-8.03	2.26	-3.64	3.17
Levered Free Cash Flow Margin	3.13	-16.28	-5.49	-13	2.99
Unlevered Free Cash Flow Margin	3.38	-16.01	-5.37	-12.65	3.86
Asset Turnover
Asset Turnover	0.51	0.34	0.37	0.32	0.33
Fixed Assets Turnover	1.11	0.82	0.92	0.84	1.02
Receivables Turnover (Average Receivables)	70.89	43.61	33.52	22.02	19.78
Inventory Turnover (Average Inventory)	74.07	62.3	53.96	52.76	55.38
Short Term Liquidity
Current Ratio	1.88	1.07	0.99	1.07	1.04
Quick Ratio	1.74	0.93	0.8	0.9	0.86
Operating Cash Flow to Current Liabilities	0.92	0.39	0.48	0.26	0.43
Days Sales Outstanding (Average Receivables)	5.15	8.39	10.89	16.57	18.46
Days Outstanding Inventory (Average Inventory)	4.93	5.87	6.76	6.92	6.59
Average Days Payable Outstanding	9.02	7.87	10.15	11.21	8.54
Cash Conversion Cycle (Average Days)	1.05	6.4	7.51	12.28	16.51
Long Term Solvency
Total Debt/Equity	24.73	23.42	22.95	37.19	28.31
Total Debt / Total Capital	19.83	18.97	18.67	27.11	22.07
LT Debt/Equity	24.7	12.79	15.66	24.64	20.6
Long-Term Debt / Total Capital	19.8	10.36	12.74	17.96	16.05
Total Liabilities / Total Assets	34.35	31.68	31.42	36.75	32.17
EBIT / Interest Expense	9.62	-36.9	1.22	-15.98	1.44
EBITDA / Interest Expense	39.65	-0.02	72.2	13.89	11.73
(EBITDA - Capex) / Interest Expense	13.79	-47.27	-26.57	-11.93	1.58
Total Debt / EBITDA	2.13	-6.08K	3.03	9.52	3.6