Cash flow Unifiedpost Group SA

Equities

UPG

BE0974371032

Software

Market Closed - Euronext Bruxelles Other stock markets 11:02:30 2025-01-24 am EST			5-day change	1st Jan Change
3.090 ^EUR	+2.32%		-4.04%	-2.52%

Dec. 18	Unifiedpost Group Finalizes Sale of Wholesale Identity Access Unit	MT
Oct. 23	Unifiedpost Group Names Successor as CEO to Become Executive Chairman	MT

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Published financial data: UNIFIEDPOST GROUP SA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	46.95M	68.93M	171M	191M	191M
Total Revenues	46.95M	68.93M	171M	191M	191M
Cost of Goods Sold, Total	24.81M	39.58M	117M	131M	125M
Gross Profit	22.14M	29.35M	53.88M	60.15M	65.96M
Selling General & Admin Expenses, Total	28.5M	34.58M	65.35M	74.98M	68.6M
R&D Expenses	9.08M	10.5M	14.22M	14.13M	23.66M
Other Operating Expenses	-248K	-41K	-71K	126K	607K
Other Operating Expenses, Total	37.33M	45.04M	79.5M	89.24M	92.87M
Operating Income	-15.19M	-15.69M	-25.62M	-29.08M	-26.91M
Interest Expense, Total	-6.13M	-5.98M	-1.15M	-8.92M	-15.91M
Interest And Investment Income	3K	102K	22K	308K	175K
Net Interest Expenses	-6.13M	-5.88M	-1.13M	-8.62M	-15.74M
Income (Loss) On Equity Invest.	278K	-51K	-	-1.88M	-573K
Currency Exchange Gains (Loss)	-	-	-405K	-862K	-
Other Non Operating Income (Expenses)	-622K	-5.96M	2M	-4.74M	-
EBT, Excl. Unusual Items	-21.66M	-27.59M	-25.15M	-45.18M	-43.22M
Merger & Related Restructuring Charges	-896K	-	-	-	-
Gain (Loss) On Sale Of Investments	406K	465K	-	-	-
Gain (Loss) On Sale Of Assets	-	-60K	15K	46K	-
Asset Writedown	-	-1.85M	-	-	-39M
Other Unusual Items	-	-3.87M	-250K	-	-
EBT, Incl. Unusual Items	-22.15M	-32.9M	-25.38M	-45.13M	-82.22M
Income Tax Expense	211K	872K	195K	-1.58M	931K
Earnings From Continuing Operations	-22.36M	-33.77M	-25.58M	-43.54M	-83.15M
Net Income to Company	-22.36M	-33.77M	-25.58M	-43.54M	-83.15M
Minority Interest	-	-223K	-551K	-6K	-753K
Net Income - (IS)	-22.36M	-33.99M	-26.13M	-43.55M	-83.9M
Net Income to Common Incl Extra Items	-22.36M	-33.99M	-26.13M	-43.55M	-83.9M
Net Income to Common Excl. Extra Items	-22.36M	-33.99M	-26.13M	-43.55M	-83.9M
Per Share Items
Net EPS - Basic	-1.06	-1.72	-0.8	-1.26	-2.32
Basic EPS - Continuing Operations	-1.06	-1.72	-0.8	-1.26	-2.32
Basic Weighted Average Shares Outstanding	21.12M	19.76M	32.76M	34.57M	36.16M
Net EPS - Diluted	-1.06	-1.72	-0.8	-1.26	-2.32
Diluted EPS - Continuing Operations	-1.06	-1.72	-0.8	-1.26	-2.32
Diluted Weighted Average Shares Outstanding	21.12M	19.76M	32.76M	34.57M	36.16M
Normalized Basic EPS	-0.64	-0.88	-0.5	-0.82	-0.77
Normalized Diluted EPS	-0.64	-0.88	-0.5	-0.82	-0.77
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	-11.8M	-10.54M	-19.32M	-22.96M	34.49M
EBITA	-12.54M	-11.39M	-20.56M	-24.42M	33M
EBIT	-15.19M	-15.69M	-25.62M	-29.08M	-26.91M
EBITDAR	-10.96M	-9.39M	-17.4M	-	-
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	-0.95	-2.65	-0.77	3.51	-1.13
Total Current Taxes	131K	567K	850K	1.18M	2.32M
Total Deferred Taxes	80K	305K	-655K	-2.76M	-1.39M
Normalized Net Income	-13.54M	-17.46M	-16.27M	-28.24M	-27.76M
Interest on Long-Term Debt	104K	133K	212K	289K	-
Non-Cash Pension Expense	1K	-134K	1K	-236K	-
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	8.82M	-
Selling and Marketing Expenses	7.97M	12.69M	24.88M	29.19M	26.7M
General and Administrative Expenses	20.53M	21.89M	40.47M	45.79M	41.9M
Research And Development Expense From Footnotes	9.08M	10.5M	14.22M	14.13M	23.66M
Net Rental Expense, Total	834K	1.14M	1.91M	-	-
Imputed Operating Lease Interest Expense	575K	789K	432K	-	-
Imputed Operating Lease Depreciation	259K	356K	1.48M	-	-
Stock-Based Comp., Other (Total)	308K	215K	243K	269K	18K
Total Stock-Based Compensation	308K	215K	243K	269K	18K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	3.05M	126M	16.97M	40.03M	26.32M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	3.05M	126M	16.97M	40.03M	26.32M
Accounts Receivable, Total	12.3M	16.14M	32.75M	29.04M	24.04M
Other Receivables	1.4M	2.08M	2.96M	3.98M	770K
Total Receivables	13.71M	18.22M	35.71M	33.02M	24.81M
Inventory	205K	507K	560K	822K	612K
Prepaid Expenses	1.01M	1.01M	1.92M	1.09M	1.9M
Other Current Assets, Total	1.19M	1.92M	2.47M	3.04M	6.43M
Total Current Assets	19.16M	148M	57.63M	78.01M	60.07M
Gross Property Plant And Equipment	12.58M	18.39M	22.39M	23.45M	-
Accumulated Depreciation	-3.33M	-3.51M	-3.6M	-5M	-
Net Property Plant And Equipment	9.26M	14.88M	18.8M	18.44M	17.15M
Long-term Investments	6.39M	-	-	1.88M	1.49M
Goodwill	30.84M	35.16M	155M	153M	113M
Other Intangibles, Total	44.06M	47.86M	83.5M	85.52M	82.86M
Deferred Tax Assets Long-Term	830K	205K	310K	462K	776K
Deferred Charges Long-Term	283K	857K	945K	872K	475K
Other Long-Term Assets, Total	471K	586K	989K	1.73M	2.09M
Total Assets	111M	247M	317M	340M	278M
Liabilities
Accounts Payable, Total	10.07M	8.81M	22.92M	22.12M	43.93M
Accrued Expenses, Total	6.08M	5.06M	12.24M	9.92M	-
Current Portion of Long-Term Debt	38.07M	10.56M	23.85M	6.97M	5.06M
Current Portion of Leases	2.6M	2.97M	3.82M	3.8M	3.55M
Current Income Taxes Payable	424K	699K	839K	1.53M	1.84M
Unearned Revenue Current, Total	6.72M	10.21M	13.04M	12.7M	13.49M
Other Current Liabilities	204K	8.87M	14.58M	10.48M	8.22M
Total Current Liabilities	64.16M	47.17M	91.28M	67.52M	76.09M
Long-Term Debt	55.01M	19.32M	8.87M	97.41M	111M
Long-Term Leases	5.31M	5.09M	6.86M	6.44M	6.19M
Unearned Revenue Non Current	1.2M	2.39M	3.62M	4.04M	4.43M
Pension & Other Post Retirement Benefits	345K	262K	175K	83K	-
Deferred Tax Liability Non Current	2.47M	2.91M	8.7M	5.72M	4.64M
Other Non Current Liabilities	2M	1.79M	1.2M	840K	200K
Total Liabilities	130M	78.93M	121M	182M	202M
Common Stock, Total	20.74M	252M	309M	327M	327M
Additional Paid In Capital	492K	492K	492K	492K	492K
Retained Earnings	-40.42M	-73.82M	-101M	-148M	-232M
Comprehensive Income and Other	-14K	-10.28M	-12.23M	-20.79M	-19.63M
Total Common Equity	-19.2M	168M	196M	158M	75.41M
Minority Interest	-	264K	277K	281K	499K
Total Equity	-19.2M	168M	196M	158M	75.91M
Total Liabilities And Equity	111M	247M	317M	340M	278M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.52M	33.45M	34.55M	35.82M	36.42M
ECS Total Common Shares Outstanding	1.52M	30.4M	33.46M	35.82M	36.42M
Book Value / Share	-12.65	5.52	5.86	4.41	2.07
Tangible Book Value	-94.1M	84.91M	-42.31M	-80.94M	-121M
Tangible Book Value Per Share	-61.98	2.79	-1.26	-2.26	-3.31
Total Debt	101M	37.94M	43.4M	115M	125M
Net Debt	97.94M	-87.98M	26.43M	74.58M	98.99M
Debt Equivalent of Unfunded Proj. Benefit Obligation	345K	262K	175K	81K	-
Debt Equivalent Oper. Leases	6.67M	9.16M	15.3M	-	-
Minority Interest, Total (Incl. Fin. Div)	-	264K	277K	281K	499K
Equity Method Investments, Total	6.39M	-	-	1.88M	1.49M
Account Code - Inventory Valuation	3	3	3	3	-
Land - (BS)	-	-	452K	3.24M	-
Buildings, Total	-	2.76M	2.77M	-	-
Machinery, Total	4.88M	7.53M	8.38M	9.99M	-
Full Time Employees	722	851	1.42K	1.12K	1.2K
Part Time Employees	-	-	-	124	-
Accumulated Allowance for Doubtful Accounts (Supple)	103K	174K	149K	184K	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-22.36M	-33.99M	-26.13M	-43.55M	-83.9M
Depreciation & Amortization - CF	2.86M	3.99M	5.28M	5.62M	5.92M
Amortization of Goodwill and Intangible Assets - (CF)	2.65M	4.3M	5.06M	4.67M	59.91M
Depreciation & Amortization, Total	5.51M	8.29M	10.35M	10.29M	65.82M
Amortization of Deferred Charges, Total - (CF)	2.7M	4.88M	11.14M	13.22M	-
(Gain) Loss From Sale Of Asset	-	-66K	-17K	-18K	-33K
(Gain) Loss on Sale of Investments - (CF)	-435K	-339K	-	-	-
Asset Writedown & Restructuring Costs	-	1.85M	-	-	-
(Income) Loss On Equity Investments - (CF)	-278K	51K	-	1.88M	573K
Stock-Based Compensation (CF)	308K	215K	243K	269K	18K
Provision and Write-off of Bad Debts	-	71K	-25K	35K	335K
Other Operating Activities, Total	6.79M	12.56M	-868K	10.21M	14.2M
Change In Accounts Receivable	-991K	-4.55M	-6.73M	3.58M	6.14M
Change In Inventories	-8K	-41K	-41K	-261K	209K
Change In Accounts Payable	4.9M	4.47M	17.1M	-7.42M	11.75M
Change in Other Net Operating Assets	-666K	-229K	-958K	-616K	-61K
Cash from Operations	-4.52M	-6.84M	4.06M	-12.38M	15.06M
Capital Expenditure	-376K	-2.4M	-2.17M	-1.78M	-974K
Sale of Property, Plant, and Equipment	26K	223K	55K	119K	17K
Cash Acquisitions	-33.88M	1.12M	-82.9M	-	-
Divestitures	-	-112K	-	-	-
Sale (Purchase) of Intangible assets	-7.25M	-10.6M	-19.74M	-21.93M	-16.36M
Investment in Marketable and Equity Securities, Total	567K	-	-	-3.75M	-
Other Investing Activities, Total	138K	-37K	-1.98M	-4.86M	175K
Cash from Investing	-40.77M	-11.8M	-107M	-32.2M	-17.14M
Long-Term Debt Issued, Total	52.79M	5.84M	8.72M	86.24M	3.91M
Total Debt Issued	52.79M	5.84M	8.72M	86.24M	3.91M
Long-Term Debt Repaid, Total	-6.63M	-32.57M	-14.86M	-28.3M	-10.89M
Total Debt Repaid	-6.63M	-32.57M	-14.86M	-28.3M	-10.89M
Issuance of Common Stock	-	185M	1.06M	12.76M	-
Other Financing Activities, Total	-2.75M	-17.14M	-1.21M	-3.06M	-4.58M
Cash from Financing	43.41M	142M	-6.28M	67.64M	-11.56M
Foreign Exchange Rate Adjustments	-	-20K	-6K	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	-74K
Net Change in Cash	-1.88M	123M	-109M	23.06M	-13.71M
Supplemental Items
Cash Interest Paid	2.75M	1.58M	1.21M	2.96M	4.58M
Cash Income Tax Paid (Refund)	169K	381K	1.39M	1.56M	3.22M
Levered Free Cash Flow	-9.01M	-8.56M	-5.95M	-27.85M	34.45M
Unlevered Free Cash Flow	-5.18M	-4.82M	-5.23M	-22.27M	44.4M
Change In Net Working Capital	-3.42M	-4.6M	-10.95M	4.17M	-12.7M
Net Debt Issued / Repaid	46.17M	-26.74M	-6.13M	57.94M	-6.98M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-10.93	-5.47	-5.68	-5.57	-5.46
Return on Total Capital	-14.92	-6.81	-7.18	-7.08	-7.13
Return On Equity %	299.04	-45.33	-14.03	-24.55	-71
Return on Common Equity	299.04	-45.71	-14.35	-24.59	-71.89
Margin Analysis
Gross Profit Margin %	47.15	42.58	31.6	31.5	34.47
SG&A Margin	60.69	50.17	38.32	39.26	35.84
EBITDA Margin %	-25.12	-15.29	-11.33	-12.02	18.02
EBITA Margin %	-26.7	-16.52	-12.06	-12.79	17.24
EBIT Margin %	-32.35	-22.77	-15.02	-15.23	-14.06
Income From Continuing Operations Margin %	-47.63	-48.99	-15	-22.8	-43.44
Net Income Margin %	-47.63	-49.32	-15.32	-22.81	-43.84
Net Avail. For Common Margin %	-47.63	-49.32	-15.32	-22.81	-43.84
Normalized Net Income Margin	-28.84	-25.34	-9.54	-14.79	-14.51
Levered Free Cash Flow Margin	-19.19	-12.42	-3.49	-14.58	18
Unlevered Free Cash Flow Margin	-11.03	-6.99	-3.07	-11.66	23.2
Asset Turnover
Asset Turnover	0.54	0.38	0.6	0.59	0.62
Fixed Assets Turnover	5.63	5.71	10.13	10.01	10.75
Receivables Turnover (Average Receivables)	4.33	4.85	6.98	6.86	7.08
Inventory Turnover (Average Inventory)	188.68	111.17	218.65	189.31	174.93
Short Term Liquidity
Current Ratio	0.3	3.13	0.63	1.16	0.79
Quick Ratio	0.26	3.06	0.58	1.08	0.67
Operating Cash Flow to Current Liabilities	-0.07	-0.14	0.04	-0.18	0.2
Days Sales Outstanding (Average Receivables)	84.26	75.52	52.32	53.24	51.58
Days Outstanding Inventory (Average Inventory)	1.93	3.29	1.67	1.93	2.09
Average Days Payable Outstanding	115.74	86.61	49.6	62.7	114.83
Cash Conversion Cycle (Average Days)	-29.55	-7.8	4.39	-7.54	-61.16
Long Term Solvency
Total Debt/Equity	-526.01	22.56	22.09	72.41	165.08
Total Debt / Total Capital	123.47	18.4	18.1	42	62.28
LT Debt/Equity	-314.18	14.51	8.01	65.6	153.75
Long-Term Debt / Total Capital	73.75	11.84	6.56	38.05	58
Total Liabilities / Total Assets	117.25	31.94	38.06	53.49	72.69
EBIT / Interest Expense	-2.48	-2.62	-22.3	-3.26	-1.69
EBITDA / Interest Expense	-1.58	-1.24	-13.29	-2.11	2.45
(EBITDA - Capex) / Interest Expense	-1.64	-1.64	-15.18	-2.31	2.38
Total Debt / EBITDA	-10.43	-5.13	-2.84	-6.1	3.22
Net Debt / EBITDA	-10.12	11.89	-1.73	-3.97	2.54
Total Debt / (EBITDA - Capex)	-10.04	-3.87	-2.49	-5.57	3.3
Net Debt / (EBITDA - Capex)