Cash flow Alkim Kagit Sanayi ve Ticaret

Equities

ALKA

TRAALKAW91D8

Paper Products

Market Closed - Borsa Istanbul Other stock markets 11:08:13 2024-09-13 EDT			5-day change	1st Jan Change
29.70 ^TRY	+7.76%		+1.85%	+13.62%

06-11	Alkim Kagit Sanayi ve Ticaret AS Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
03-25	Alkim Kagit Sanayi ve Ticaret AS Reports Earnings Results for the Full Year Ended December 31, 2023	CI

5864ad7356.ibQfd4j2bJmbE4FUWQCgvam-t009TdIh6uZ2V0w5m8A.yOctR_CnIOGucMQLGnOT2cyM5ANLD6dLs6UDFAlv7ZTP0n460pwk38FJ6g

Published financial data: ALKIM KAGIT SANAYI VE TICARET

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	388M	399M	701M	1.84B	2.39B
Total Revenues	388M	399M	701M	1.84B	2.39B
Cost of Goods Sold, Total	319M	299M	545M	1.3B	1.84B
Gross Profit	69.16M	99.93M	156M	549M	546M
Selling General & Admin Expenses, Total	17.85M	19.36M	21.38M	44.52M	117M
R&D Expenses	109K	138K	153K	287K	681K
Other Operating Expenses	-832K	-1.67M	-570K	-3.03M	-12.65M
Other Operating Expenses, Total	17.13M	17.83M	20.97M	41.78M	105M
Operating Income	52.03M	82.1M	135M	507M	440M
Interest Expense, Total	-4.01M	-503K	-	-2.28M	-
Interest And Investment Income	1.46M	1.54M	25.06M	24.94M	39.79M
Net Interest Expenses	-2.55M	1.04M	25.06M	22.67M	39.79M
Income (Loss) On Equity Invest.	152K	369K	316K	434K	-178K
Currency Exchange Gains (Loss)	7.52M	23.7M	79.98M	78.87M	145M
Other Non Operating Income (Expenses)	-143K	-214K	-319K	-1.39M	-424M
EBT, Excl. Unusual Items	57.01M	107M	240M	608M	201M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Insurance Settlements	158K	-	-	-	-
Legal Settlements	-161K	-320K	-406K	-580K	-579K
EBT, Incl. Unusual Items	57.01M	107M	239M	607M	200M
Income Tax Expense	12.54M	22.93M	55.05M	130M	110M
Earnings From Continuing Operations	44.47M	83.75M	184M	477M	90.55M
Net Income to Company	44.47M	83.75M	184M	477M	90.55M
Net Income - (IS)	44.47M	83.75M	184M	477M	90.55M
Net Income to Common Incl Extra Items	44.47M	83.75M	184M	477M	90.55M
Net Income to Common Excl. Extra Items	44.47M	83.75M	184M	477M	90.55M
Per Share Items
Net EPS - Basic	0.24	0.46	1	2.59	0.49
Basic EPS - Continuing Operations	0.24	0.46	1	2.59	0.49
Basic Weighted Average Shares Outstanding	184M	184M	184M	184M	184M
Net EPS - Diluted	0.24	0.46	1	2.59	0.49
Diluted EPS - Continuing Operations	0.24	0.46	1	2.59	0.49
Diluted Weighted Average Shares Outstanding	184M	184M	184M	184M	184M
Normalized Basic EPS	0.19	0.36	0.82	2.07	0.68
Normalized Diluted EPS	0.19	0.36	0.82	2.07	0.68
Dividend Per Share	0.19	0.25	-	0.53	-
Payout Ratio	72.91	13.27	39.04	18.36	157.5
Supplemental Items
EBITDA	57.13M	86.14M	139M	511M	472M
EBITA	52.03M	82.1M	135M	507M	440M
EBIT	52.03M	82.1M	135M	507M	440M
EBITDAR	57.2M	86.21M	139M	-	-
Effective Tax Rate - (Ratio)	22	21.49	23	21.44	54.81
Current Domestic Taxes	-	-	54.61M	133M	-
Total Current Taxes	13.24M	23.08M	54.61M	133M	121M
Deferred Domestic Taxes	-	-	444K	-2.57M	-
Total Deferred Taxes	-694K	-145K	444K	-2.57M	-11.1M
Normalized Net Income	35.63M	66.87M	150M	380M	126M
Non-Cash Pension Expense	1.48M	-	-	-	-
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	8.34M	8.35M	7.69M	18.38M	48.15M
General and Administrative Expenses	9.44M	10.93M	13.61M	26.15M	68.96M
Research And Development Expense From Footnotes	109K	138K	153K	287K	681K
Net Rental Expense, Total	67.5K	75K	84.21K	-	-
Imputed Operating Lease Interest Expense	71.1K	-	-	-	-
Imputed Operating Lease Depreciation	-3.6K	-	-	-	-
Maintenance & Repair Expenses, Total	2.11M	2.12M	2.69M	6.54M	49.82M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	103M	110M	262M	166M	446M
Trading Asset Securities, Total	-	-	-	-	178M
Total Cash And Short Term Investments	103M	110M	262M	166M	623M
Accounts Receivable, Total	55.94M	81.46M	164M	331M	224M
Other Receivables	5.8M	757K	378K	1.25M	1.47M
Total Receivables	61.74M	82.21M	164M	333M	225M
Inventory	36.73M	59.08M	109M	279M	276M
Prepaid Expenses	1.89M	2.47M	1.54M	2.52M	8.53M
Other Current Assets, Total	8.43M	10.75M	6.97M	44.84M	39.82M
Total Current Assets	212M	265M	544M	825M	1.17B
Gross Property Plant And Equipment	127M	129M	133M	224M	2.05B
Accumulated Depreciation	-102M	-106M	-110M	-113M	-1.68B
Net Property Plant And Equipment	25.04M	23.34M	22.72M	110M	369M
Long-term Investments	1M	1.37M	886K	1.32M	1.89M
Other Intangibles, Total	1.63M	1.43M	1.32M	1.1M	4.2M
Deferred Tax Assets Long-Term	669K	1.04M	795K	5.35M	-
Other Long-Term Assets, Total	117K	155K	112K	28.69M	148M
Total Assets	240M	292M	569M	972M	1.7B
Liabilities
Accounts Payable, Total	26.37M	42.09M	134M	187M	330M
Accrued Expenses, Total	2.65M	4.03M	3.93M	7.4M	26.66M
Short-term Borrowings	36.1M	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Income Taxes Payable	3.92M	2.27M	39.87M	18.55M	29.03M
Unearned Revenue Current, Total	289K	306K	30.95M	4.79M	21.67M
Other Current Liabilities	203K	24.22M	663K	91.1K	-
Total Current Liabilities	69.54M	72.92M	209M	218M	408M
Long-Term Debt	-	-	-	-	-
Pension & Other Post Retirement Benefits	8.2M	10.05M	14.57M	27.22M	19.38M
Deferred Tax Liability Non Current	-	-	-	-	7.1M
Total Liabilities	77.74M	82.97M	224M	245M	434M
Common Stock, Total	52.5M	52.5M	52.5M	184M	184M
Retained Earnings	80.94M	129M	266M	548M	-287M
Comprehensive Income and Other	28.89M	27.97M	27.19M	-4.43M	1.36B
Total Common Equity	162M	209M	346M	727M	1.26B
Total Equity	162M	209M	346M	727M	1.26B
Total Liabilities And Equity	240M	292M	569M	972M	1.7B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	184M	184M	184M	184M	184M
ECS Total Common Shares Outstanding	184M	184M	184M	184M	184M
Book Value / Share	0.88	1.14	1.88	3.96	6.87
Tangible Book Value	161M	208M	344M	726M	1.26B
Tangible Book Value Per Share	0.87	1.13	1.87	3.95	6.84
Total Debt	36.1M	0	0	0	0
Net Debt	-66.72M	-110M	-262M	-166M	-623M
Debt Equivalent Oper. Leases	540K	600K	674K	-	-
Equity Method Investments, Total	1M	1.37M	886K	1.32M	1.89M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	21.91M	37.77M	87.38M	227M	187M
Inventories - Work In Process, Total	2.59M	3.41M	3.68M	17.9M	20.99M
Inventories - Finished Goods, Total	3.03M	6.07M	1.62M	10.61M	8.61M
Inventories - Others	9.31M	11.93M	15.65M	22.88M	58.33M
Land - (BS)	2.91M	2.91M	806K	806K	13.16M
Buildings, Total	10.88M	10.96M	11.84M	12.3M	178M
Machinery, Total	111M	113M	117M	123M	1.6B
Full Time Employees	211	209	208	211	216
Accumulated Allowance for Doubtful Accounts (Supple)	32.7M	32.7M	32.7M	32.7M	32.7M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	44.47M	83.75M	184M	477M	90.55M
Depreciation & Amortization - CF	5.1M	4.04M	4.16M	4.52M	31.57M
Depreciation & Amortization, Total	5.1M	4.04M	4.16M	4.52M	31.57M
Amortization of Deferred Charges, Total - (CF)	244K	244K	231K	227K	950K
(Gain) Loss From Sale Of Asset	-25.64K	-	-24.09M	-3.13M	-3.61M
(Income) Loss On Equity Investments - (CF)	-152K	-369K	-316K	-434K	178K
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	-4.92M	-30.74M	-5.54M	-39.56M	-88.99M
Change In Accounts Receivable	-15.42M	-11.45M	-82.92M	-258M	285M
Change In Inventories	28.27M	-22.34M	-49.17M	-170M	216M
Change In Accounts Payable	-3.94M	9.21M	94.84M	103M	122M
Change in Unearned Revenues	-5.63M	16.73K	30.83M	-26.34M	13.75M
Change in Other Net Operating Assets	7.99M	2.72M	5.74M	-36.32M	44.91M
Cash from Operations	55.98M	35.08M	158M	49.98M	712M
Capital Expenditure	-1.62M	-2.49M	-5.63M	-93.59M	-103M
Sale of Property, Plant, and Equipment	25.64K	201K	26.19M	4.74M	4.08M
Sale (Purchase) of Real Estate properties	-109K	-54.64K	-	-284K	-3.29M
Sale (Purchase) of Intangible assets	-29.03K	-40.08K	-121K	-10.12K	-77.86K
Other Investing Activities, Total	1.43M	1.45M	1.79M	-6.73M	-238M
Cash from Investing	-297K	-936K	22.22M	-95.88M	-340M
Short Term Debt Issued, Total	76.17M	17.29M	-	-	-
Long-Term Debt Issued, Total	-	-	-	124M	-
Total Debt Issued	76.17M	17.29M	-	124M	-
Short Term Debt Repaid, Total	-69.98M	-52.01M	-	-	-
Long-Term Debt Repaid, Total	-	-	-	-128M	-
Total Debt Repaid	-69.98M	-52.01M	-	-128M	-
Common Dividends Paid	-32.42M	-11.12M	-71.97M	-87.56M	-143M
Common & Preferred Stock Dividends Paid	-32.42M	-11.12M	-71.97M	-87.56M	-143M
Other Financing Activities, Total	-2.63M	-1.88M	-	-2.28M	-
Cash from Financing	-28.86M	-47.72M	-71.97M	-94.09M	-143M
Foreign Exchange Rate Adjustments	11.7M	21.03M	43.08M	44.28M	148M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-205M
Net Change in Cash	38.52M	7.46M	151M	-95.7M	172M
Supplemental Items
Cash Interest Paid	2.63M	1.88M	-	2.28M	-
Cash Income Tax Paid (Refund)	9.6M	24.73M	17.01M	154M	164M
Levered Free Cash Flow	45.58M	46.5M	91.88M	-142M	822M
Unlevered Free Cash Flow	48.09M	46.82M	91.88M	-141M	822M
Change In Net Working Capital	-11.87M	6.25M	-9.01M	369M	-618M
Net Debt Issued / Repaid	6.19M	-34.72M	-	-4.25M	-

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	14.13	19.28	19.55	41.12	16
Return on Total Capital	17.38	25.17	30.36	59.08	21.32
Return On Equity %	28.38	45.07	66.44	88.91	7.01
Return on Common Equity	28.38	45.07	66.44	88.91	7.01
Margin Analysis
Gross Profit Margin %	17.81	25.06	22.22	29.75	22.83
SG&A Margin	4.6	4.85	3.05	2.41	4.9
EBITDA Margin %	14.71	21.6	19.82	27.73	19.75
EBITA Margin %	13.4	20.59	19.22	27.48	18.43
EBIT Margin %	13.4	20.59	19.22	27.48	18.43
Income From Continuing Operations Margin %	11.45	21	26.3	25.85	3.79
Net Income Margin %	11.45	21	26.3	25.85	3.79
Net Avail. For Common Margin %	11.45	21	26.3	25.85	3.79
Normalized Net Income Margin	9.18	16.77	21.38	20.58	5.26
Levered Free Cash Flow Margin	11.74	11.66	13.11	-7.7	34.4
Unlevered Free Cash Flow Margin	12.38	11.74	13.11	-7.62	34.4
Asset Turnover
Asset Turnover	1.69	1.5	1.63	2.39	1.39
Fixed Assets Turnover	14.09	16.48	30.44	27.7	7.2
Receivables Turnover (Average Receivables)	8.5	5.8	5.71	7.45	6.21
Inventory Turnover (Average Inventory)	6.27	6.24	6.49	6.68	4.81
Short Term Liquidity
Current Ratio	3.04	3.63	2.6	3.79	2.87
Quick Ratio	2.37	2.64	2.04	2.29	2.08
Operating Cash Flow to Current Liabilities	0.8	0.48	0.76	0.23	1.75
Days Sales Outstanding (Average Receivables)	42.94	63.06	63.88	48.99	58.76
Days Outstanding Inventory (Average Inventory)	58.23	58.68	56.23	54.6	75.88
Average Days Payable Outstanding	34.4	39.01	53.93	39.91	71.5
Cash Conversion Cycle (Average Days)	66.78	82.73	66.19	63.69	63.15
Long Term Solvency
Total Debt/Equity	22.24	-	-	-	-
Total Debt / Total Capital	18.19	-	-	-	-
LT Debt/Equity	-	-	-	-	-
Long-Term Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	32.38	28.39	39.3	25.2	25.61
EBIT / Interest Expense	12.97