WLM PARTICIPAÇÕES E COMÉRCIO DE MÁQUINAS E VEÍCULOS S.A.

Cash flow WLM Participações e Comércio de Máquinas e Veículos S.A.

Equities

WLMM4

BRWLMMACNPR3

Auto & Truck Manufacturers

Market Closed - Sao Paulo Other stock markets 04:07:00 2025-06-17 pm EDT			5-day change	1st Jan Change
26.03 ^BRL	-2.14%		-7.04%	-13.23%

May. 29	WLM Participações e Comércio de Máquinas e Veículos S.A. Reports Earnings Results for the First Quarter Ended March 31, 2025	CI
Mar. 21	WLM Participações e Comércio de Máquinas e Veículos S.A. Reports Earnings Results for the Full Year Ended December 31, 2024	CI

5cede0e9dae6.qx2St2G2oy0s04Du0PD4CFbwlAyhC-Bq7rzxAxT7fk8.0TDI0wDQkXpBkOzW_b2xcA-S-DrlPdQSnomZTyy2BgvzbeDeBOTKSESUsA

Published financial data: WLM PARTICIPAÇÕES E COMÉRCIO DE MÁQUINAS E VEÍCULOS S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	972M	1.85B	1.98B	2.39B	3.12B
Total Revenues	972M	1.85B	1.98B	2.39B	3.12B
Cost of Goods Sold, Total	828M	1.61B	1.72B	2.09B	2.76B
Gross Profit	144M	236M	265M	297M	369M
Selling General & Admin Expenses, Total	84.57M	115M	131M	150M	185M
Depreciation & Amortization - (IS)	-	-	-	-	-
Other Operating Expenses	-7.81M	-10.27M	-19.08M	-16.17M	-23.07M
Other Operating Expenses, Total	76.75M	104M	112M	133M	162M
Operating Income	67.68M	132M	153M	164M	207M
Interest Expense, Total	-981K	-537K	-2.05M	-11.86M	-17.76M
Interest And Investment Income	2.27M	6.44M	16.05M	9.37M	8.88M
Net Interest Expenses	1.29M	5.9M	14M	-2.49M	-8.88M
Income (Loss) On Equity Invest.	28K	26K	118K	125K	670K
Currency Exchange Gains (Loss)	-	-	-	0	0
Other Non Operating Income (Expenses)	-1.5M	3.18M	-1.58M	-762K	-11.79M
EBT, Excl. Unusual Items	67.49M	141M	166M	161M	187M
Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	1.73M	-	-
Asset Writedown	9.88M	4.25M	-1.96M	-3.83M	3.9M
Legal Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	77.37M	145M	165M	157M	190M
Income Tax Expense	22.86M	39.41M	48.11M	42.03M	61.06M
Earnings From Continuing Operations	54.51M	106M	117M	115M	129M
Earnings Of Discontinued Operations	-81K	-75K	-20K	-62K	-7K
Net Income to Company	54.43M	106M	117M	115M	129M
Minority Interest	-25K	6K	24K	54K	17K
Net Income - (IS)	54.4M	106M	117M	115M	129M
Net Income to Common Incl Extra Items	54.4M	106M	117M	115M	129M
Net Income to Common Excl. Extra Items	54.48M	106M	117M	115M	129M
Per Share Items
Net EPS - Basic	1.49	2.9	3.22	3.15	3.55
Basic EPS - Continuing Operations	1.5	2.91	3.22	3.15	3.55
Basic Weighted Average Shares Outstanding	36.41M	36.41M	36.41M	36.41M	36.41M
Net EPS - Diluted	1.49	2.9	3.22	3.15	3.55
Diluted EPS - Continuing Operations	1.5	2.91	3.22	3.15	3.55
Diluted Weighted Average Shares Outstanding	36.41M	36.41M	36.41M	36.41M	36.41M
Normalized Basic EPS	1.16	2.42	2.84	2.76	3.2
Normalized Diluted EPS	1.16	2.42	2.84	2.76	3.2
Dividend Per Share	-	0.66	0.96	1.55	-
Payout Ratio	22.02	12.19	16.59	13.03	19.21
Supplemental Items
EBITDA	71.06M	136M	157M	168M	217M
EBITA	67.68M	132M	153M	164M	207M
EBIT	67.68M	132M	153M	164M	207M
EBITDAR	71.83M	137M	158M	170M	219M
Total Revenues (As Reported)	-	1.86B	1.97B	2.38B	-
Effective Tax Rate - (Ratio)	29.55	27.14	29.09	26.82	32.06
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	17.29M	40.65M	50.61M	44.14M	59.56M
Total Deferred Taxes	5.58M	-1.24M	-2.49M	-2.11M	1.5M
Normalized Net Income	42.16M	88.1M	104M	100M	117M
Interest on Long-Term Debt	-	245K	1.06M	-	-
Supplemental Operating Expense Items
Advertising Expense	767K	886K	1.71M	1.78M	3.21M
Selling and Marketing Expenses	767K	886K	1.71M	1.78M	3.21M
General and Administrative Expenses	83.03M	113M	129M	147M	180M
Net Rental Expense, Total	773K	754K	883K	1.08M	1.92M
Imputed Operating Lease Interest Expense	565K	404K	462K	1.04M	1.06M
Imputed Operating Lease Depreciation	208K	350K	421K	38.33K	852K
Maintenance & Repair Expenses, Total	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	45.56M	55.9M	22.78M	42.07M	38.62M
Short Term Investments	91.58M	102M	7.56M	15.85M	46.71M
Total Cash And Short Term Investments	137M	158M	30.34M	57.92M	85.33M
Accounts Receivable, Total	42.8M	58.37M	111M	255M	197M
Other Receivables	4.2M	3.62M	26.26M	5.53M	35.24M
Total Receivables	47.01M	61.99M	137M	261M	232M
Inventory	49.42M	89.55M	265M	283M	454M
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	9.75M	9.2M	22.93M	30.19M	38.52M
Total Current Assets	243M	319M	455M	631M	810M
Gross Property Plant And Equipment	338M	356M	367M	405M	519M
Accumulated Depreciation	-55.72M	-60.75M	-62.99M	-71.37M	-87.98M
Net Property Plant And Equipment	282M	295M	304M	333M	431M
Long-term Investments	674K	622K	740K	621K	1.17M
Goodwill	8.92M	8.92M	8.92M	8.92M	10.1M
Other Intangibles, Total	55K	118K	193K	184K	29.51M
Loans Receivable Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	34.04M	44.31M	43.11M	34.12M	30.07M
Total Assets	569M	668M	812M	1.01B	1.31B
Liabilities
Accounts Payable, Total	8.87M	12.78M	22.95M	56.82M	31.57M
Accrued Expenses, Total	17.14M	25.1M	27.14M	32.14M	36.83M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	5.26M	5.33M	49.78M	127M	217M
Current Portion of Leases	380K	243K	36K	-	-
Current Income Taxes Payable	854K	3.46M	2.97M	4.56M	654K
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	22.36M	25.74M	30.54M	25.66M	52.05M
Total Current Liabilities	54.86M	72.65M	133M	247M	338M
Long-Term Debt	3.85M	755K	6.48M	13.1M	154M
Long-Term Leases	233K	-	-	-	-
Deferred Tax Liability Non Current	45M	46.32M	43.49M	41.16M	42.42M
Other Non Current Liabilities	3.24M	5.98M	5.76M	5.31M	3.42M
Total Liabilities	107M	126M	189M	306M	538M
Common Stock, Total	177M	239M	239M	272M	411M
Retained Earnings	182M	204M	285M	333M	266M
Comprehensive Income and Other	103M	99.08M	98.28M	97.62M	96.96M
Total Common Equity	462M	542M	622M	702M	773M
Minority Interest	428K	422K	398K	344K	327K
Total Equity	462M	542M	622M	703M	774M
Total Liabilities And Equity	569M	668M	812M	1.01B	1.31B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	36.41M	36.41M	36.41M	36.41M	36.41M
ECS Total Common Shares Outstanding	36.41M	36.41M	36.41M	36.41M	36.41M
Book Value / Share	12.68	14.88	17.08	19.28	21.23
Tangible Book Value	453M	533M	613M	693M	734M
Tangible Book Value Per Share	12.43	14.64	16.83	19.03	20.15
Total Debt	9.72M	6.32M	56.3M	140M	371M
Net Debt	-127M	-152M	25.96M	82.56M	286M
Debt Equivalent Oper. Leases	6.18M	6.03M	7.06M	8.62M	15.33M
Minority Interest, Total (Incl. Fin. Div)	428K	422K	398K	344K	327K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	13.33M	14.96M	14.37M	13.34M	19.8M
Inventories - Work In Process, Total	3.99M	6.86M	7.03M	7.46M	8.07M
Inventories - Finished Goods, Total	30.5M	54.17M	196M	110M	277M
Inventories - Others	1.59M	13.57M	47.45M	152M	149M
Land - (BS)	206M	204M	204M	205M	206M
Buildings, Total	58.53M	60.35M	67.29M	72.36M	75.65M
Machinery, Total	33.44M	36.82M	37.54M	56.97M	162M
Full Time Employees	865	884	931	1.01K	-
Accumulated Allowance for Doubtful Accounts (Supple)	1.16M	372K	1.02M	459K	1.49M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	54.4M	106M	117M	115M	129M
Depreciation & Amortization - CF	3.74M	3.92M	3.96M	4.8M	10.35M
Depreciation & Amortization, Total	3.74M	3.92M	3.96M	4.8M	10.35M
Amortization of Deferred Charges, Total - (CF)	32K	25K	22K	9K	9K
(Gain) Loss From Sale Of Asset	-	673K	-2.74M	-1.32M	1.44M
(Gain) Loss on Sale of Investments - (CF)	-	-	105K	67K	92K
Asset Writedown & Restructuring Costs	-16.75M	-7.6M	5.79M	10.92M	528K
(Income) Loss On Equity Investments - (CF)	-28K	-26K	-118K	-125K	-670K
Provision and Write-off of Bad Debts	23K	-789K	644K	-557K	227K
Other Operating Activities, Total	1.24M	-12.69M	-15.74M	-39.9M	30.8M
Change In Accounts Receivable	-6.24M	-14.77M	-53.12M	-144M	58.18M
Change In Inventories	55.18M	-30.59M	-166M	-16.13M	-168M
Change In Accounts Payable	203K	4.96M	10.17M	33.88M	-25.67M
Change In Income Taxes	10.52M	3.14M	-32.5M	62.26M	-32.6M
Change in Other Net Operating Assets	14.14M	3.46M	-11.8M	-484K	17.14M
Cash from Operations	116M	55.44M	-144M	24.46M	21.17M
Capital Expenditure	-10.86M	-17.21M	-16.92M	-41.45M	-115M
Sale of Property, Plant, and Equipment	-	2.31M	5.58M	3.51M	135K
Sale (Purchase) of Intangible assets	-13K	-88K	-101K	-	-30.51M
Investment in Marketable and Equity Securities, Total	-57.96M	-4.31M	109M	834K	-22.43M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-68.83M	-19.3M	97.5M	-37.11M	-168M
Long-Term Debt Issued, Total	26.79M	2.16M	56.25M	420M	804M
Total Debt Issued	26.79M	2.16M	56.25M	420M	804M
Short Term Debt Repaid, Total	-94K	-98K	-41K	-	-125K
Long-Term Debt Repaid, Total	-28.93M	-5.38M	-6.44M	-336M	-580M
Total Debt Repaid	-29.02M	-5.48M	-6.48M	-336M	-580M
Common Dividends Paid	-11.98M	-12.89M	-19.46M	-14.94M	-24.85M
Common & Preferred Stock Dividends Paid	-11.98M	-12.89M	-19.46M	-14.94M	-24.85M
Other Financing Activities, Total	-754K	-9.59M	-16.63M	-37.28M	-55.35M
Cash from Financing	-14.97M	-25.8M	13.67M	31.94M	143M
Net Change in Cash	32.66M	10.34M	-33.13M	19.29M	-3.45M
Supplemental Items
Cash Interest Paid	754K	422K	892K	11.82M	31.41M
Cash Income Tax Paid (Refund)	7.2M	36.48M	47.36M	38.87M	68.75M
Levered Free Cash Flow	85.32M	32.03M	-166M	-55.09M	-166M
Unlevered Free Cash Flow	85.94M	32.36M	-165M	-47.68M	-155M
Change In Net Working Capital	-50.74M	36.7M	247M	113M	149M
Net Debt Issued / Repaid	-2.23M	-3.32M	49.76M	84.16M	224M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	7.8	13.32	12.93	11.24	11.13
Return on Total Capital	9.36	16.15	15.59	13.44	12.99
Return On Equity %	12.35	21.06	20.14	17.31	17.53
Return on Common Equity	12.36	21.08	20.16	17.32	17.54
Margin Analysis
Gross Profit Margin %	14.85	12.76	13.4	12.42	11.8
SG&A Margin	8.7	6.2	6.63	6.25	5.92
EBITDA Margin %	7.31	7.33	7.93	7.05	6.94
EBITA Margin %	6.96	7.12	7.73	6.84	6.61
EBIT Margin %	6.96	7.12	7.73	6.84	6.61
Income From Continuing Operations Margin %	5.61	5.72	5.92	4.8	4.14
Net Income Margin %	5.59	5.71	5.92	4.8	4.14
Net Avail. For Common Margin %	5.6	5.72	5.92	4.8	4.14
Normalized Net Income Margin	4.34	4.76	5.23	4.2	3.73
Levered Free Cash Flow Margin	8.77	1.73	-8.39	-2.3	-5.32
Unlevered Free Cash Flow Margin	8.84	1.75	-8.32	-1.99	-4.97
Asset Turnover
Asset Turnover	1.79	2.99	2.68	2.63	2.69
Fixed Assets Turnover	3.45	6.41	6.63	7.51	8.17
Receivables Turnover (Average Receivables)	24.5	36.6	23.41	13.07	13.84
Inventory Turnover (Average Inventory)	11.7	23.24	9.68	7.65	7.48
Short Term Liquidity
Current Ratio	4.44	4.39	3.41	2.56	2.4
Quick Ratio	3.36	3.03	1.26	1.29	0.94
Operating Cash Flow to Current Liabilities	2.12	0.76	-1.08	0.1	0.06
Days Sales Outstanding (Average Receivables)	14.94	9.97	15.59	27.93	26.45
Days Outstanding Inventory (Average Inventory)	31.29	15.7	37.69	47.72	48.93
Average Days Payable Outstanding	4.13	2.27	3.45	6.89	5.56
Cash Conversion Cycle (Average Days)	42.1	23.41	49.83	68.76	69.83
Long Term Solvency
Total Debt/Equity	2.1	1.17	9.05	20	48
Total Debt / Total Capital	2.06	1.15	8.3	16.66	32.43
LT Debt/Equity	0.88	0.14	1.04	1.87	19.97
Long-Term Debt / Total Capital	0.87	0.14	0.96	1.55	13.49
Total Liabilities / Total Assets	18.83	18.81	23.31	30.35	41.03
EBIT / Interest Expense	68.99	245.54	74.68	13.8	11.63
EBITDA / Interest Expense	72.8	252.84	76.61	14.2	12.22
(EBITDA - Capex) / Interest Expense	61.73	220.79	68.36	10.71	5.72
Total Debt / EBITDA	0.14	0.05	0.36	0.83	1.71
Net Debt / EBITDA	-1.78	-1.12	0.17	0.49	1.32
Total Debt / (EBITDA - Capex)	0.16	0.05	0.4	1.11	3.65
Net Debt / (EBITDA - Capex)	-2.1	-1.28	0.19	0.65	2.81
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-9.58	90.37	6.98	20.72	30.69
Gross Profit, 1 Yr. Growth %	11.02	63.59	12.28	11.96	24.09
EBITDA, 1 Yr. Growth %	31.54	90.13	17.22	6.08	28.77
EBITA, 1 Yr. Growth %	39.68	94.83	17.71	5.69	26.22
EBIT, 1 Yr. Growth %	39.68	94.83	17.71	5.69	26.22
Earnings From Cont. Operations, 1 Yr. Growth %	9.38	94.1	10.86	-2.26	12.85
Net Income, 1 Yr. Growth %	9.27	94.35	10.94	-2.27	12.87
Normalized Net Income, 1 Yr. Growth %	32.13	109	19.04	-4.07	16.18
Diluted EPS Before Extra, 1 Yr. Growth %	9.3	94.2	10.88	-2.23	12.82
Accounts Receivable, 1 Yr. Growth %	16.99	36.36	89.91	130.05	-22.9
Inventory, 1 Yr. Growth %	-46.37	81.19	195.53	6.87	60.55
Net Property, Plant and Equip., 1 Yr. Growth %	0.63	4.59	3.28	9.82	29.34
Total Assets, 1 Yr. Growth %	10.46	17.34	21.47	24.29	30.05
Tangible Book Value, 1 Yr. Growth %	10.13	17.7	15	13.09	5.84
Common Equity, 1 Yr. Growth %	9.91	17.37	14.77	12.9	10.11
Cash From Operations, 1 Yr. Growth %	446.14	-52.4	-360.28	-116.95	-13.46
Capital Expenditures, 1 Yr. Growth %	-16.12	58.5	-1.67	144.89	178.08
Levered Free Cash Flow, 1 Yr. Growth %	-1.17K	-62.47	-637.36	-66.6	214.89
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.42K	-62.34	-627.49	-70.87	225.66
Dividend Per Share, 1 Yr. Growth %	-	-	45.91	62	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	13.69	31.2	42.71	13.64	25.61
Gross Profit, 2 Yr. CAGR %	25.37	31	31.11	11.12	17.87
EBITDA, 2 Yr. CAGR %	104.98	48.26	38.96	9.67	16.87
EBITA, 2 Yr. CAGR %	122.4	53.4	40.5	9.65	15.5
EBIT, 2 Yr. CAGR %	122.4	53.4	40.5	9.65	15.5
Earnings From Cont. Operations, 2 Yr. CAGR %	83.09	45.71	46.69	4.1	5.03
Net Income, 2 Yr. CAGR %	83.96	45.73	46.84	4.13	5.03
Normalized Net Income, 2 Yr. CAGR %	91.28	55.07	46.37	5.16	5.57
Diluted EPS Before Extra, 2 Yr. CAGR %	82.97	45.69	46.74	4.12	5.02
Accounts Receivable, 2 Yr. CAGR %	-11.75	26.3	60.92	109.02	33.18
Inventory, 2 Yr. CAGR %	-14.32	-1.42	131.4	77.72	30.99
Net Property, Plant and Equip., 2 Yr. CAGR %	1.44	2.59	3.69	6.5	19.18
Total Assets, 2 Yr. CAGR %	5.99	13.85	19.39	22.87	27.14
Tangible Book Value, 2 Yr. CAGR %	9.28	13.85	16.35	14.04	9.41
Common Equity, 2 Yr. CAGR %	9.07	13.58	16.06	13.83	11.49
Cash From Operations, 2 Yr. CAGR %	2.33K	61.24	12.1	-33.58	-61.71
Capital Expenditures, 2 Yr. CAGR %	30.59	15.3	24.84	55.18	160.96
Levered Free Cash Flow, 2 Yr. CAGR %	242.47	193.02	35.48	26.98	0.43
Unlevered Free Cash Flow, 2 Yr. CAGR %	216.29	324.52	33.75	16.68	-2.6
Dividend Per Share, 2 Yr. CAGR %	-	-	-	53.74	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	25.69	35.01	22.57	34.97	19.06
Gross Profit, 3 Yr. CAGR %	11.55	37	24.44	24.39	15.29
EBITDA, 3 Yr. CAGR %	139.94	100.23	36.49	27.47	15.7
EBITA, 3 Yr. CAGR %	98.77	112.8	39.8	28.26	14.92
EBIT, 3 Yr. CAGR %	98.77	112.8	39.8	28.26	14.92
Earnings From Cont. Operations, 3 Yr. CAGR %	109.02	86.69	33.02	28.13	6.94
Net Income, 3 Yr. CAGR %	101.24	87.36	33.06	28.21	6.96
Normalized Net Income, 3 Yr. CAGR %	137.33	97.01	41.38	27.58	8.71
Diluted EPS Before Extra, 3 Yr. CAGR %	109.3	86.64	33.02	28.17	6.94
Accounts Receivable, 3 Yr. CAGR %	1.26	2.02	44.7	81.28	49.9
Inventory, 3 Yr. CAGR %	7.14	9.98	42.14	78.87	71.8
Net Property, Plant and Equip., 3 Yr. CAGR %	0.94	2.48	2.66	5.7	13.63
Total Assets, 3 Yr. CAGR %	6.31	9.65	16.33	21	25.22
Tangible Book Value, 3 Yr. CAGR %	7.38	12.02	14.24	15.25	11.24
Common Equity, 3 Yr. CAGR %	7.21	11.77	13.97	15	12.57
Cash From Operations, 3 Yr. CAGR %	466.98	554.23	89.15	-40.28	-27.45
Capital Expenditures, 3 Yr. CAGR %	10.64	39.3	9.34	56.28	88.48
Levered Free Cash Flow, 3 Yr. CAGR %	70.83	63.89	254.42	-15.24	69.49
Unlevered Free Cash Flow, 3 Yr. CAGR %	78.06	55.6	351.06	-19.71	64.28
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	14.37	34.44	32.24	26.02	23.77
Gross Profit, 5 Yr. CAGR %	7.05	20.46	20.59	26.44	21.77
EBITDA, 5 Yr. CAGR %	118.8	43.28	98.13	58.36	28.56
EBITA, 5 Yr. CAGR %	61.89	37.19	77.79	64.27	29.81
EBIT, 5 Yr. CAGR %	61.89	37.19	77.79	64.27	29.81
Earnings From Cont. Operations, 5 Yr. CAGR %	70.29	41.21	81.42	47.79	21.02
Net Income, 5 Yr. CAGR %	68.85	40.98	77.41	48.13	21.05
Normalized Net Income, 5 Yr. CAGR %	60.39	52.15	101.03	54.18	26.05
Diluted EPS Before Extra, 5 Yr. CAGR %	70.09	41.26	81.59	47.78	21.02
Accounts Receivable, 5 Yr. CAGR %	2.67	-0.63	21.87	35.92	39.97
Inventory, 5 Yr. CAGR %	3.96	18	45.79	33.25	37.57
Net Property, Plant and Equip., 5 Yr. CAGR %	0.74	1.7	2.03	3.97	8.98
Total Assets, 5 Yr. CAGR %	3.22	6.59	11.36	14.76	20.54
Tangible Book Value, 5 Yr. CAGR %	3.03	7.56	10.88	12.82	12.28
Common Equity, 5 Yr. CAGR %	2.96	7.41	10.67	12.59	12.98
Cash From Operations, 5 Yr. CAGR %	71.93	30.52	195.64	162.04	-0.15
Capital Expenditures, 5 Yr. CAGR %	-1.84	17.42	16.12	45.45	54.85
Levered Free Cash Flow, 5 Yr. CAGR %	15.87	7.29	57.53	49.92	113.73
Unlevered Free Cash Flow, 5 Yr. CAGR %	16.98	8.55	61.02	40.88	143.99
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-