Cash flow Aucnet Inc. Deutsche Boerse AG

Stocks

0X4

JP3172060000

Internet Services

Delayed Deutsche Boerse AG 09:25:02 2026-09-11 EDT			5-day change	1st Jan Change
6.550 ^EUR	-1.50%		-6.43%	+24.71%

08-04	Aucnet Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2026	CI
08-04	Aucnet Inc. Provides Special Dividend Guidance for the Fiscal Year Ending December 31, 2026	CI

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Published financial data: AUCNET INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Revenues	36.71B	40.46B	43.3B	55.91B	64.14B
Total Revenues	36.71B	40.46B	43.3B	55.91B	64.14B
Cost of Goods Sold, Total	19.81B	23.14B	25.22B	33.62B	37.14B
Gross Profit	16.9B	17.32B	18.08B	22.28B	26.99B
Selling General & Admin Expenses, Total	10.88B	10.6B	11.25B	14.97B	17.15B
Provision for Bad Debts	-12M	-3M	43M	64M	130M
Amortization of Goodwill and Intangible Assets - (IS)	133M	119M	119M	243M	197M
Other Operating Expenses	16M	-	-	-	-
Other Operating Expenses, Total	11.02B	10.72B	11.42B	15.28B	17.48B
Operating Income	5.88B	6.6B	6.66B	7B	9.52B
Interest Expense, Total	-	-	-	-1M	-
Interest And Investment Income	47M	59M	66M	66M	111M
Net Interest Expenses	47M	59M	66M	65M	111M
Income (Loss) On Equity Invest.	5M	4M	-3M	24M	-31M
Currency Exchange Gains (Loss)	172M	29M	24M	70M	-180M
Other Non Operating Income (Expenses)	10M	22M	3M	57M	114M
EBT, Excl. Unusual Items	6.11B	6.72B	6.75B	7.22B	9.53B
Gain (Loss) On Sale Of Investments	107M	10M	137M	4M	520M
Gain (Loss) On Sale Of Assets	-11M	-33M	-3M	17M	-22M
Asset Writedown	-52M	-91M	-	-150M	-997M
Other Unusual Items	-163M	-64M	6M	-117M	-54M
EBT, Incl. Unusual Items	5.99B	6.54B	6.89B	6.98B	8.98B
Income Tax Expense	2.3B	2.12B	2.43B	2.37B	2.92B
Earnings From Continuing Operations	3.69B	4.41B	4.46B	4.6B	6.06B
Net Income to Company	3.69B	4.41B	4.46B	4.6B	6.06B
Minority Interest	-62M	-68M	-92M	-117M	-139M
Net Income - (IS)	3.62B	4.35B	4.37B	4.48B	5.92B
Net Income to Common Incl Extra Items	3.62B	4.35B	4.37B	4.48B	5.92B
Net Income to Common Excl. Extra Items	3.62B	4.35B	4.37B	4.48B	5.92B
Per Share Items
Net EPS - Basic	32.64	39.87	43.94	47.1	64.92
Basic EPS - Continuing Operations	32.64	39.87	43.94	47.1	64.92
Basic Weighted Average Shares Outstanding	111M	109M	99.41M	95.22M	91.21M
Net EPS - Diluted	32.39	39.62	43.75	46.98	64.92
Diluted EPS - Continuing Operations	32.39	39.62	43.75	46.98	64.92
Diluted Weighted Average Shares Outstanding	112M	110M	99.86M	95.48M	91.21M
Normalized Basic EPS	33.83	37.88	41.53	46.17	63.79
Normalized Diluted EPS	33.57	37.64	41.35	46.04	63.79
Dividend Per Share	40	48	53	76	26.5
Payout Ratio	23.03	28.16	28.02	30.57	36.73
Supplemental Items
EBITDA	6.77B	7.48B	7.45B	7.88B	10.42B
EBITA	6.01B	6.72B	6.78B	7.25B	9.71B
EBIT	5.88B	6.6B	6.66B	7B	9.52B
Effective Tax Rate - (Ratio)	38.47	32.48	35.3	34.02	32.5
Normalized Net Income	3.76B	4.13B	4.13B	4.4B	5.82B
Non-Cash Pension Expense	62.04M	54.03M	45.49M	90.97M	64.92M

Fiscal Period: December	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Assets
Cash And Equivalents	20.62B	20.02B	19.57B	16.98B	23.1B
Total Cash And Short Term Investments	20.62B	20.02B	19.57B	16.98B	23.1B
Accounts Receivable, Total	5.02B	4.74B	5.01B	6.64B	8.27B
Other Receivables	-	-	-	3.2B	2.87B
Total Receivables	5.02B	4.74B	5.01B	9.84B	11.14B
Inventory	2.22B	2.66B	3.02B	4.38B	4.41B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	2.15B	2.93B	3.35B	2.34B	1.99B
Total Current Assets	30.02B	30.36B	30.95B	33.54B	40.64B
Net Property Plant And Equipment	1.64B	1.64B	1.6B	1.8B	1.94B
Long-term Investments	2.79B	2.88B	2.61B	4.24B	3.63B
Goodwill	670M	550M	430M	1.34B	194M
Other Intangibles, Total	946M	855M	928M	1.84B	2.57B
Deferred Tax Assets Long-Term	758M	1.07B	1.14B	1.28B	1.81B
Other Long-Term Assets, Total	-	3M	2M	2M	2M
Total Assets	36.82B	37.35B	37.66B	44.04B	50.78B
Liabilities
Accounts Payable, Total	7.48B	7.99B	8.55B	10.38B	16.11B
Accrued Expenses, Total	305M	234M	296M	364M	946M
Short-term Borrowings	-	-	-	-	-
Current Income Taxes Payable	1.59B	876M	1.56B	1.4B	2.32B
Other Current Liabilities	1.66B	2.2B	1.71B	2.36B	2.42B
Total Current Liabilities	11.04B	11.3B	12.12B	14.51B	21.8B
Pension & Other Post Retirement Benefits	1.79B	1.82B	1.88B	1.92B	850M
Other Non Current Liabilities	1.29B	1.32B	1.35B	1.45B	1.51B
Total Liabilities	14.12B	14.44B	15.36B	17.88B	24.16B
Common Stock, Total	1.81B	1.81B	1.81B	1.81B	1.81B
Additional Paid In Capital	6.85B	4.21B	4.2B	4.49B	2.78B
Retained Earnings	13.53B	16.62B	17.34B	20.52B	24.26B
Treasury Stock	-229M	-599M	-1.63B	-1.59B	-2.99B
Comprehensive Income and Other	358M	477M	436M	671M	484M
Total Common Equity	22.32B	22.51B	22.16B	25.9B	26.34B
Minority Interest	382M	397M	149M	267M	276M
Total Equity	22.7B	22.91B	22.31B	26.16B	26.62B
Total Liabilities And Equity	36.82B	37.35B	37.66B	44.04B	50.78B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	111M	104M	94.65M	95.56M	90.72M
ECS Total Common Shares Outstanding	111M	104M	94.62M	95.56M	90.72M
Book Value / Share	200.59	215.55	234.19	271.01	290.4
Tangible Book Value	20.7B	21.11B	20.8B	22.72B	23.58B
Tangible Book Value Per Share	186.07	202.1	219.84	237.72	259.93
Total Debt	0	0	0	0	0
Net Debt	-20.62B	-20.02B	-19.57B	-16.98B	-23.1B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.79B	1.82B	1.88B	1.92B	850M
Minority Interest, Total (Incl. Fin. Div)	382M	397M	149M	267M	276M
Inventories - Raw Materials, Total	8M	5M	4M	9M	7M
Inventories - Finished Goods, Total	2.22B	2.66B	3.02B	4.37B	4.4B
Inventories - Others	-	-	1M	-	1M
Full Time Employees	858	860	878	1.06K	1.12K
Accumulated Allowance for Doubtful Accounts (Supple)	56M	41M	47M	92M	155M

Fiscal Period: December	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Net Income	5.99B	6.54B	6.89B	6.98B	8.98B
Depreciation & Amortization - CF	764M	759M	666M	631M	709M
Amortization of Goodwill and Intangible Assets - (CF)	133M	119M	119M	243M	197M
Depreciation & Amortization, Total	897M	878M	785M	874M	906M
(Gain) Loss From Sale Of Asset	64M	108M	3M	119M	1.01B
(Gain) Loss on Sale of Investments - (CF)	-107M	-	-145M	-4M	-504M
(Income) Loss On Equity Investments - (CF)	-5M	-4M	3M	-24M	31M
Other Operating Activities, Total	-2.17B	-3.31B	-1.94B	-2.6B	-2.36B
Change In Accounts Receivable	422M	284M	-296M	-1.34B	-1.7B
Change In Inventories	-346M	-429M	-353M	405M	-13M
Change In Accounts Payable	-382M	507M	550M	1.84B	5.71B
Change in Other Net Operating Assets	-120M	-48M	-388M	-1.39B	695M
Cash from Operations	4.25B	4.52B	5.12B	4.85B	12.74B
Capital Expenditure	-333M	-376M	-315M	-335M	-437M
Sale of Property, Plant, and Equipment	23M	5M	-	31M	5M
Cash Acquisitions	385M	-	-	-989M	-
Divestitures	16M	13M	27M	-	-
Sale (Purchase) of Intangible assets	-282M	-353M	-471M	-1.02B	-1.26B
Investment in Marketable and Equity Securities, Total	549M	970M	410M	-967M	604M
Net (Increase) Decrease in Loans Originated / Sold - Investing	2M	-	-	-	-
Other Investing Activities, Total	28M	-74M	-79M	-195M	21M
Cash from Investing	388M	185M	-428M	-3.47B	-1.07B
Short Term Debt Repaid, Total	-	-	-	-2.7B	-
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-2.7B	-
Issuance of Common Stock	14M	2M	-	762M	285M
Repurchase of Common Stock	-	-3.14B	-3.75B	-743M	-3.53B
Common Dividends Paid	-835M	-1.22B	-1.22B	-1.37B	-2.18B
Common & Preferred Stock Dividends Paid	-835M	-1.22B	-1.22B	-1.37B	-2.18B
Other Financing Activities, Total	-4M	-68M	-126M	-14M	-134M
Cash from Financing	-825M	-4.43B	-5.1B	-4.07B	-5.56B
Foreign Exchange Rate Adjustments	-13M	93M	46M	94M	4M
Miscellaneous Cash Flow Adjustments	-	-	-	1M	-1M
Net Change in Cash	3.8B	375M	-368M	-2.59B	6.12B
Supplemental Items
Cash Interest Paid	5M	-	-	8M	-
Cash Income Tax Paid (Refund)	2.17B	3.31B	1.94B	2.6B	2.36B
Levered Free Cash Flow	3.95B	3.6B	3.94B	1.11B	11.46B
Unlevered Free Cash Flow	3.95B	3.6B	3.94B	1.11B	11.46B
Change In Net Working Capital	7M	673M	225M	2.78B	-6.31B
Net Debt Issued / Repaid	-	-	-	-2.7B	-

Fiscal Period: December	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Profitability
Return on Assets	10.48	11.12	11.1	10.72	12.55
Return on Total Capital	17.35	18.09	18.42	18.06	22.54
Return On Equity %	17.42	19.35	19.73	18.99	22.96
Return on Common Equity	17.41	19.39	19.56	18.66	22.67
Margin Analysis
Gross Profit Margin %	46.03	42.81	41.75	39.86	42.09
SG&A Margin	29.65	26.21	25.99	26.78	26.74
EBITDA Margin %	18.45	18.49	17.2	14.09	16.25
EBITA Margin %	16.37	16.61	15.66	12.96	15.15
EBIT Margin %	16.01	16.32	15.39	12.53	14.84
Income From Continuing Operations Margin %	10.04	10.91	10.3	8.23	9.45
Net Income Margin %	9.87	10.74	10.09	8.02	9.23
Net Avail. For Common Margin %	9.87	10.74	10.09	8.02	9.23
Normalized Net Income Margin	10.24	10.21	9.53	7.86	9.07
Levered Free Cash Flow Margin	10.75	8.9	9.09	1.99	17.87
Unlevered Free Cash Flow Margin	10.75	8.9	9.09	1.99	17.87
Asset Turnover
Asset Turnover	1.05	1.09	1.15	1.37	1.35
Fixed Assets Turnover	22.84	24.7	26.75	32.83	34.26
Receivables Turnover (Average Receivables)	7.1	8.28	8.88	9.6	8.6
Inventory Turnover (Average Inventory)	9.91	9.47	8.87	9.09	8.45
Short Term Liquidity
Current Ratio	2.72	2.69	2.55	2.31	1.86
Quick Ratio	2.32	2.19	2.03	1.85	1.57
Operating Cash Flow to Current Liabilities	0.38	0.4	0.42	0.33	0.58
Days Sales Outstanding (Average Receivables)	51.39	44.06	41.1	38.14	42.42
Days Outstanding Inventory (Average Inventory)	36.83	38.54	41.14	40.28	43.17
Average Days Payable Outstanding	138.17	119.75	117.94	99.05	130.05
Cash Conversion Cycle (Average Days)	-49.95	-37.14	-35.7	-20.63	-44.46
Long Term Solvency
Total Debt/Equity	-	-	-	-	-
Total Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	38.35	38.66	40.77	40.59	47.58
EBIT / Interest Expense	-	-	-	7K	-
EBITDA / Interest Expense	-	-	-	7.88K	-
(EBITDA - Capex) / Interest Expense	-	-	-	7.54K	-
Net Debt / EBITDA	-3.04	-2.68	-2.63	-2.16	-2.22
Net Debt / (EBITDA - Capex)	-3.2	-2.82	-2.74	-2.25	-2.31
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	52.46	10.2	7.04	29.11	14.72
Gross Profit, 1 Yr. Growth %	32.34	2.49	4.38	23.27	21.13
EBITDA, 1 Yr. Growth %	51.04	10.41	-0.41	5.79	32.29
EBITA, 1 Yr. Growth %	62.08	11.81	0.92	6.87	34.02
EBIT, 1 Yr. Growth %	59.87	12.32	0.94	5.13	35.86
Earnings From Cont. Operations, 1 Yr. Growth %	90.44	19.72	1.04	3.18	31.68
Net Income, 1 Yr. Growth %	91.19	19.89	0.51	2.68	32.02
Normalized Net Income, 1 Yr. Growth %	68.07	9.89	-0.01	6.48	32.34
Diluted EPS Before Extra, 1 Yr. Growth %	90.53	22.3	10.44	7.37	38.19
Accounts Receivable, 1 Yr. Growth %	-5.4	-5.63	5.67	32.53	24.5
Inventory, 1 Yr. Growth %	25.37	19.69	13.6	44.74	0.75
Net Property, Plant and Equip., 1 Yr. Growth %	4.06	-0.12	-2.2	12.74	7.42
Total Assets, 1 Yr. Growth %	10.64	1.43	0.85	16.93	15.31
Tangible Book Value, 1 Yr. Growth %	19.79	1.96	-1.45	9.21	3.8
Common Equity, 1 Yr. Growth %	15.5	0.87	-1.57	16.87	1.73
Cash From Operations, 1 Yr. Growth %	3.16	6.45	13.11	-5.14	162.62
Capital Expenditures, 1 Yr. Growth %	58.57	12.91	-16.22	6.35	30.45
Levered Free Cash Flow, 1 Yr. Growth %	14.23	-8.78	9.35	-71.75	930.3
Unlevered Free Cash Flow, 1 Yr. Growth %	14.19	-8.78	9.35	-71.74	929.72
Dividend Per Share, 1 Yr. Growth %	90.48	20	10.42	43.4	-65.13
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	36.61	29.62	8.61	17.56	21.7
Gross Profit, 2 Yr. CAGR %	24.22	16.46	3.43	13.43	22.2
EBITDA, 2 Yr. CAGR %	45.49	29.13	4.86	2.64	18.3
EBITA, 2 Yr. CAGR %	53.82	34.62	6.23	3.85	19.68
EBIT, 2 Yr. CAGR %	52.11	34	6.48	3.01	19.51
Earnings From Cont. Operations, 2 Yr. CAGR %	60.01	51	9.98	2.11	16.57
Net Income, 2 Yr. CAGR %	60.68	51.4	9.77	1.59	16.43
Normalized Net Income, 2 Yr. CAGR %	52.87	35.9	4.82	3.19	18.71
Diluted EPS Before Extra, 2 Yr. CAGR %	60.23	52.65	16.22	8.89	21.81
Accounts Receivable, 2 Yr. CAGR %	6.68	-5.52	-0.14	18.34	28.45
Inventory, 2 Yr. CAGR %	168.28	22.5	16.61	28.23	20.76
Net Property, Plant and Equip., 2 Yr. CAGR %	5.16	1.95	-1.17	5.01	10.05
Total Assets, 2 Yr. CAGR %	12.06	5.94	1.14	8.59	16.11
Tangible Book Value, 2 Yr. CAGR %	11.85	10.51	0.24	3.74	6.47
Common Equity, 2 Yr. CAGR %	11.16	7.94	-0.36	7.25	9.03
Cash From Operations, 2 Yr. CAGR %	72.62	4.79	9.73	3.58	57.84
Capital Expenditures, 2 Yr. CAGR %	67.28	33.81	-2.74	-5.61	17.78
Levered Free Cash Flow, 2 Yr. CAGR %	566.98	2.08	-0.12	-44.42	70.6
Unlevered Free Cash Flow, 2 Yr. CAGR %	571.72	2.06	-0.12	-44.41	70.6
Dividend Per Share, 2 Yr. CAGR %	24.03	51.19	15.11	25.83	-29.29
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	23.49	27.17	21.61	15.05	16.6
Gross Profit, 3 Yr. CAGR %	12.85	16.51	12.29	9.66	15.94
EBITDA, 3 Yr. CAGR %	16.46	32.71	18.42	5.17	11.7
EBITA, 3 Yr. CAGR %	17.76	38.31	22.29	6.44	13.07
EBIT, 3 Yr. CAGR %	22.47	37.49	21.93	6.03	12.97
Earnings From Cont. Operations, 3 Yr. CAGR %	28.39	45.26	32.07	7.67	11.14
Net Income, 3 Yr. CAGR %	28.54	45.74	32.07	7.35	10.86
Normalized Net Income, 3 Yr. CAGR %	22.76	36.94	22.69	5.37	12.11
Diluted EPS Before Extra, 3 Yr. CAGR %	28.26	46.43	37.03	13.19	17.89
Accounts Receivable, 3 Yr. CAGR %	13.55	2.41	-1.93	9.74	20.36
Inventory, 3 Yr. CAGR %	-	105	19.46	25.32	18.33
Net Property, Plant and Equip., 3 Yr. CAGR %	1.86	3.37	0.55	3.27	5.81
Total Assets, 3 Yr. CAGR %	10.55	8.4	4.21	6.15	10.78
Tangible Book Value, 3 Yr. CAGR %	9.4	8.45	6.37	3.14	3.76
Common Equity, 3 Yr. CAGR %	9.06	7.62	4.67	5.08	5.38
Cash From Operations, 3 Yr. CAGR %	14.27	46.93	7.49	4.53	41.24
Capital Expenditures, 3 Yr. CAGR %	18.13	46.74	14.47	0.2	5.14
Levered Free Cash Flow, 3 Yr. CAGR %	30.84	243.64	4.45	-34.44	47.09
Unlevered Free Cash Flow, 3 Yr. CAGR %	30.8	245.27	4.44	-34.43	47.09
Dividend Per Share, 3 Yr. CAGR %	15.44	22.68	36.15	23.86	-17.96
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	12.93	15.82	17.31	23.23	21.65
Gross Profit, 5 Yr. CAGR %	5.42	7.31	8.99	15.27	16.15
EBITDA, 5 Yr. CAGR %	4.25	9.87	11.67	19.75	18.37
EBITA, 5 Yr. CAGR %	3.48	9.98	13.01	23.33	21.24
EBIT, 5 Yr. CAGR %	7.45	15.47	15.81	22.49	20.96
Earnings From Cont. Operations, 5 Yr. CAGR %	10.85	19.57	20.69	26.16	25.64
Net Income, 5 Yr. CAGR %	10.68	19.72	20.67	26.15	25.58
Normalized Net Income, 5 Yr. CAGR %	8.05	15.18	15.24	22.28	21.08
Diluted EPS Before Extra, 5 Yr. CAGR %	7.38	19.28	23.3	30.07	30.73
Accounts Receivable, 5 Yr. CAGR %	3.81	1.48	7.86	8.51	9.25
Inventory, 5 Yr. CAGR %	-	-	-	69.92	19.98
Net Property, Plant and Equip., 5 Yr. CAGR %	4.17	1.24	0.64	4.02	4.25
Total Assets, 5 Yr. CAGR %	7.67	6.2	6.68	8.47	8.82
Tangible Book Value, 5 Yr. CAGR %	16.39	7.17	5.64	6.54	6.41
Common Equity, 5 Yr. CAGR %	13.2	6.3	5.19	7.47	6.4
Cash From Operations, 5 Yr. CAGR %	-5.94	16.73	12.43	27.76	25.35
Capital Expenditures, 5 Yr. CAGR %	54.36	27.41	9.29	23	15.78
Levered Free Cash Flow, 5 Yr. CAGR %	-5.8	16.95	17.45	65.82	27.1
Unlevered Free Cash Flow, 5 Yr. CAGR %	-5.89	16.91	17.42	66.31	27.09
Dividend Per Share, 5 Yr. CAGR %	-	13.05	15.31	23.93	4.76