Cash flow Canal+ SA Börse Stuttgart

Stocks

YA3

FR001400T0D6

Broadcasting

Market Closed - Börse Stuttgart 15:55:39 2026-10-08 EDT			5-day change	1st Jan Change
2.684 ^EUR	+4.60%		+2.31%	-13.89%

10-08	Canal+ Chair Yannick Bollore's associate buys more shares	AN
10-07	Canal+ Chair Yannick Bollore's associate buys shares	AN

2077a36cd.CP3BZfjwTZi6SRXDBm2nd0enQ39daQcrvl7SsTazHvA.Psu2P828CcDze3LzbAveGhDgNwgED0hD6Tjg2mDxboNamPIfvIAd69Q7IQ

Published financial data: CANAL+ SA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Revenues	5.87B	6.01B	6.22B	6.45B	6.95B
Total Revenues	5.87B	6.01B	6.22B	6.45B	6.95B
Cost of Goods Sold, Total	3.43B	3.55B	3.72B	3.9B	3.88B
Gross Profit	2.44B	2.46B	2.5B	2.55B	3.07B
Selling General & Admin Expenses, Total	2.01B	2.01B	2.02B	2.09B	2.43B
Amortization of Goodwill and Intangible Assets - (IS)	45M	53M	44M	38M	63M
Other Operating Expenses, Total	2.06B	2.06B	2.06B	2.13B	2.49B
Operating Income	379M	404M	433M	425M	582M
Interest Expense, Total	-29M	-38M	-164M	-44M	-68M
Interest And Investment Income	22M	-	-	-	-
Net Interest Expenses	-7M	-38M	-164M	-44M	-68M
Income (Loss) On Equity Invest.	1M	-9M	-104M	-158M	38M
Currency Exchange Gains (Loss)	-4M	-12M	-14M	-3M	-8M
Other Non Operating Income (Expenses)	-35M	-15M	-42M	-77M	-38M
EBT, Excl. Unusual Items	334M	330M	109M	143M	506M
Restructuring Charges	-23M	-13M	-5M	-82M	-14M
Gain (Loss) On Sale Of Investments	5M	-	-	-	-7M
Asset Writedown	-1M	-	-2M	-1M	-
Other Unusual Items	-	-	-	-	-332M
EBT, Incl. Unusual Items	315M	317M	102M	60M	153M
Income Tax Expense	157M	133M	118M	156M	113M
Earnings From Continuing Operations	158M	184M	-16M	-96M	40M
Earnings Of Discontinued Operations	-	-	-	-	-25M
Net Income to Company	158M	184M	-16M	-96M	15M
Minority Interest	-39M	-43M	-45M	-51M	-62M
Net Income - (IS)	119M	141M	-61M	-147M	-47M
Net Income to Common Incl Extra Items	119M	141M	-61M	-147M	-47M
Net Income to Common Excl. Extra Items	119M	141M	-61M	-147M	-22M
Per Share Items
Net EPS - Basic	-	-	-	-0.15	-0.05
Basic EPS - Continuing Operations	-	-	-	-0.15	-0.02
Basic Weighted Average Shares Outstanding	-	-	-	992M	990M
Net EPS - Diluted	-	-	-	-0.15	-0.05
Diluted EPS - Continuing Operations	-	-	-	-0.15	-0.02
Diluted Weighted Average Shares Outstanding	-	-	-	992M	990M
Normalized Basic EPS	-	-	-	0.04	0.26
Normalized Diluted EPS	-	-	-	0.04	0.26
Dividend Per Share	-	-	-	0.02	0.02
Payout Ratio	-	-	-	-	-42.55
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	688M	727M	768M	750M	952M
EBITA	517M	543M	580M	578M	779M
EBIT	379M	404M	433M	425M	582M
Effective Tax Rate - (Ratio)	49.84	41.96	115.69	260	73.86
Current Domestic Taxes	99M	104M	82M	46M	3M
Current Foreign Taxes	46M	51M	57M	84M	143M
Total Current Taxes	145M	155M	139M	130M	146M
Deferred Domestic Taxes	13M	-10M	7M	4M	-28M
Deferred Foreign Taxes	-1M	-12M	-28M	23M	-5M
Total Deferred Taxes	12M	-22M	-21M	27M	-33M
Normalized Net Income	170M	163M	23.12M	38.38M	254M
Interest on Long-Term Debt	2M	5M	6M	5M	12M
Non-Cash Pension Expense	-1M	-9M	-1M	1M	-5M
Supplemental Operating Expense Items
Stock-Based Comp., Other (Total)	4M	4M	3M	4M	14M
Total Stock-Based Compensation	4M	4M	3M	4M	14M

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Assets
Cash And Equivalents	191M	282M	334M	376M	830M
Short Term Investments	2M	2M	2M	2M	-
Total Cash And Short Term Investments	193M	284M	336M	378M	830M
Accounts Receivable, Total	630M	539M	551M	663M	701M
Other Receivables	23M	31M	29M	845M	60M
Notes Receivable	76M	87M	94M	-	-
Total Receivables	729M	657M	674M	1.51B	761M
Inventory	76M	107M	89M	66M	85M
Other Current Assets, Total	1.8B	1.92B	1.84B	992M	2.04B
Total Current Assets	2.8B	2.97B	2.94B	2.94B	3.71B
Gross Property Plant And Equipment	2.48B	2.31B	2.42B	2.14B	2.43B
Accumulated Depreciation	-1.66B	-1.43B	-1.57B	-1.36B	-1.44B
Net Property Plant And Equipment	816M	877M	859M	785M	988M
Long-term Investments	603M	1.05B	1.35B	1.72B	892M
Goodwill	2.34B	2.45B	2.46B	2.46B	3.69B
Other Intangibles, Total	900M	1.03B	1.1B	1.2B	2.55B
Deferred Tax Assets Long-Term	112M	126M	134M	141M	326M
Other Long-Term Assets, Total	106M	94M	75M	111M	136M
Total Assets	7.68B	8.6B	8.91B	9.37B	12.29B
Liabilities
Accounts Payable, Total	2.08B	2.03B	1.99B	1.82B	2.27B
Short-term Borrowings	2.95B	3.58B	4.17B	3M	20M
Current Portion of Long-Term Debt	1M	12M	-	329M	497M
Current Portion of Leases	20M	14M	41M	41M	109M
Current Income Taxes Payable	32M	26M	22M	36M	57M
Other Current Liabilities	999M	943M	877M	1.07B	1.61B
Total Current Liabilities	6.08B	6.61B	7.1B	3.3B	4.56B
Long-Term Debt	36M	63M	8M	398M	2.31B
Long-Term Leases	196M	215M	182M	171M	383M
Deferred Tax Liability Non Current	165M	209M	196M	178M	690M
Other Non Current Liabilities	232M	323M	288M	274M	696M
Total Liabilities	6.71B	7.42B	7.77B	4.32B	8.64B
Common Stock, Total	-	-	-	248M	248M
Additional Paid In Capital	-	-	-	6.6B	6.58B
Retained Earnings	767M	970M	894M	-2.06B	-3.23B
Treasury Stock	-	-	-	-	-31M
Comprehensive Income and Other	-	-	-	-	1M
Total Common Equity	767M	970M	894M	4.79B	3.57B
Minority Interest	197M	215M	246M	255M	78M
Total Equity	964M	1.18B	1.14B	5.05B	3.65B
Total Liabilities And Equity	7.68B	8.6B	8.91B	9.37B	12.29B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	-	-	992M	981M
ECS Total Common Shares Outstanding	-	-	-	992M	981M
Book Value / Share	-	-	-	4.83	3.64
Tangible Book Value	-2.47B	-2.51B	-2.66B	1.12B	-2.67B
Tangible Book Value Per Share	-	-	-	1.13	-2.72
Total Debt	3.2B	3.89B	4.4B	942M	3.32B
Net Debt	3.01B	3.6B	4.06B	564M	2.49B
Debt Equivalent of Unfunded Proj. Benefit Obligation	28M	10M	13M	20M	22M
Minority Interest, Total (Incl. Fin. Div)	197M	215M	246M	255M	78M
Equity Method Investments, Total	21M	903M	1.1B	1.48B	619M
Account Code - Inventory Valuation	-	-	6	6	6
Film Contract & Broadcasting Rights - Long-Term, Total	270M	394M	468M	535M	510M
Land - (BS)	15M	15M	15M	5M	24M
Buildings, Total	133M	128M	136M	145M	208M
Machinery, Total	1.88B	1.75B	1.87B	1.58B	1.56B
Full Time Employees	-	-	7.58K	8.83K	8.4K
Part Time Employees	-	-	-	253	263
Accumulated Allowance for Doubtful Accounts (Supple)	95M	102M	113M	112M	128M

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Net Income	119M	141M	-61M	-147M	-47M
Depreciation & Amortization - CF	212M	219M	230M	213M	229M
Amortization of Goodwill and Intangible Assets - (CF)	138M	139M	147M	153M	197M
Depreciation & Amortization, Total	350M	358M	377M	366M	426M
Asset Writedown & Restructuring Costs	1M	2M	4M	1M	-
Net Cash From Discontinued Operations	-	-	-	-	-19M
Other Operating Activities, Total	204M	-150M	187M	183M	-90M
Change In Accounts Receivable	-91M	139M	-2M	-76M	261M
Change In Inventories	3M	-29M	18M	10M	22M
Change In Accounts Payable	42M	-64M	-34M	110M	89M
Change in Other Net Operating Assets	26M	8M	11M	-34M	67M
Cash from Operations	654M	405M	500M	413M	709M
Capital Expenditure	-370M	-336M	-301M	-282M	-297M
Sale of Property, Plant, and Equipment	3M	7M	7M	11M	23M
Cash Acquisitions	-28M	-103M	-9M	-51M	-1.06B
Divestitures	1M	-	-	-	-
Investment in Marketable and Equity Securities, Total	-145M	-387M	-440M	-549M	-128M
Other Investing Activities, Total	-	-	-	-	1M
Cash from Investing	-539M	-819M	-743M	-871M	-1.46B
Short Term Debt Issued, Total	66M	661M	585M	277M	1.36B
Long-Term Debt Issued, Total	5M	2M	-	716M	2.76B
Total Debt Issued	71M	663M	585M	993M	4.12B
Short Term Debt Repaid, Total	-49M	-46M	-	-335M	-1.26B
Long-Term Debt Repaid, Total	-48M	-32M	-34M	-59M	-1.48B
Total Debt Repaid	-97M	-78M	-34M	-394M	-2.74B
Issuance of Common Stock	17M	5M	2M	-	-
Repurchase of Common Stock	-	-	-	-	-31M
Common Dividends Paid	-	-	-	-	-20M
Common & Preferred Stock Dividends Paid	-	-	-	-	-20M
Other Financing Activities, Total	-66M	-85M	-254M	-104M	-155M
Cash from Financing	-75M	505M	299M	495M	1.18B
Foreign Exchange Rate Adjustments	1M	-	-5M	5M	30M
Miscellaneous Cash Flow Adjustments	-1M	-	-	-	-
Net Change in Cash	40M	91M	51M	42M	454M
Supplemental Items
Cash Interest Paid	28M	41M	170M	50M	81M
Cash Income Tax Paid (Refund)	92M	167M	141M	127M	170M
Levered Free Cash Flow	-	62.75M	222M	318M	1.17B
Unlevered Free Cash Flow	-	86.5M	325M	346M	1.21B
Change In Net Working Capital	-	192M	25M	8M	-705M
Net Debt Issued / Repaid	-26M	585M	551M	599M	1.38B

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Profitability
Return on Assets	-	3.1	3.09	2.91	3.36
Return on Total Capital	-	5.47	5.1	4.59	5.6
Return On Equity %	-	17.12	-1.38	-3.1	0.92
Return on Common Equity	-	16.23	-6.54	-5.17	-0.53
Margin Analysis
Gross Profit Margin %	41.53	40.98	40.14	39.59	44.24
SG&A Margin	34.31	33.38	32.48	32.41	34.95
EBITDA Margin %	11.72	12.1	12.34	11.63	13.7
EBITA Margin %	8.81	9.03	9.32	8.96	11.21
EBIT Margin %	6.46	6.72	6.96	6.59	8.38
Income From Continuing Operations Margin %	2.69	3.06	-0.26	-1.49	0.58
Net Income Margin %	2.03	2.35	-0.98	-2.28	-0.68
Net Avail. For Common Margin %	2.03	2.35	-0.98	-2.28	-0.32
Normalized Net Income Margin	2.89	2.72	0.37	0.6	3.66
Levered Free Cash Flow Margin	-	1.04	3.57	4.93	16.83
Unlevered Free Cash Flow Margin	-	1.44	5.22	5.36	17.44
Asset Turnover
Asset Turnover	-	0.74	0.71	0.71	0.64
Fixed Assets Turnover	-	7.1	7.17	7.85	7.84
Receivables Turnover (Average Receivables)	-	10.28	11.42	10.62	10.19
Inventory Turnover (Average Inventory)	-	38.77	38.01	50.27	51.32
Short Term Liquidity
Current Ratio	0.46	0.45	0.41	0.89	0.81
Quick Ratio	0.14	0.13	0.13	0.57	0.35
Operating Cash Flow to Current Liabilities	0.11	0.06	0.07	0.13	0.16
Days Sales Outstanding (Average Receivables)	-	35.5	31.97	34.45	35.82
Days Outstanding Inventory (Average Inventory)	-	9.42	9.6	7.28	7.11
Average Days Payable Outstanding	-	209.58	198.01	180.12	191.69
Cash Conversion Cycle (Average Days)	-	-164.67	-156.44	-138.39	-148.75
Long Term Solvency
Total Debt/Equity	332.47	327.93	385.7	18.67	90.93
Total Debt / Total Capital	76.88	76.63	79.41	15.73	47.63
LT Debt/Equity	24.07	23.46	16.67	11.28	73.78
Long-Term Debt / Total Capital	5.56	5.48	3.43	9.5	38.64
Total Liabilities / Total Assets	87.44	86.22	87.21	46.15	70.31
EBIT / Interest Expense	13.07	10.63	2.64	9.66	8.56
EBITDA / Interest Expense	25.14	20.05	4.94	17.98	14.82
(EBITDA - Capex) / Interest Expense	12.38	11.21	3.1	11.57	10.46
Total Debt / EBITDA	4.4	5.1	5.43	1.19	3.29
Net Debt / EBITDA	4.13	4.73	5.01	0.71	2.47
Total Debt / (EBITDA - Capex)	8.93	9.12	8.64	1.85	4.67
Net Debt / (EBITDA - Capex)	8.39	8.46	7.98	1.11	3.5
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	2.38	3.54	3.63	8.27
Gross Profit, 1 Yr. Growth %	-	1.03	1.42	2.2	20.41
EBITDA, 1 Yr. Growth %	-	5.67	5.64	-2.6	18.11
EBITA, 1 Yr. Growth %	-	5.03	6.81	-0.34	22.48
EBIT, 1 Yr. Growth %	-	6.6	7.18	-1.85	20.5
Earnings From Cont. Operations, 1 Yr. Growth %	-	16.46	-108.7	500	-151.95
Net Income, 1 Yr. Growth %	-	18.49	-143.26	140.98	-68.03
Normalized Net Income, 1 Yr. Growth %	-	-3.83	-85.83	65.95	237.87
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-	143.92	-84.13
Accounts Receivable, 1 Yr. Growth %	-	-14.44	2.23	20.33	5.73
Inventory, 1 Yr. Growth %	-	40.79	-16.82	-25.84	28.79
Net Property, Plant and Equip., 1 Yr. Growth %	-	7.48	-2.05	-8.61	25.86
Total Assets, 1 Yr. Growth %	-	12.06	3.6	5.14	31.21
Tangible Book Value, 1 Yr. Growth %	-	1.62	5.97	-142.23	-337.07
Common Equity, 1 Yr. Growth %	-	26.47	-7.84	435.91	-25.44
Cash From Operations, 1 Yr. Growth %	-	-38.07	23.46	-17.4	71.67
Capital Expenditures, 1 Yr. Growth %	-	-9.19	-10.42	-6.31	5.69
Levered Free Cash Flow, 1 Yr. Growth %	-	-	253.98	3.25	242.89
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	275.29	-15.83	229.39
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	10
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	2.96	3.59	5.67
Gross Profit, 2 Yr. CAGR %	-	-	1.22	1.81	10.93
EBITDA, 2 Yr. CAGR %	-	-	5.65	1.57	11.19
EBITA, 2 Yr. CAGR %	-	-	5.92	3.17	15.89
EBIT, 2 Yr. CAGR %	-	-	6.89	2.57	15.94
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-68.18	-27.77	58.11
Net Income, 2 Yr. CAGR %	-	-	-28.4	2.11	-12.22
Normalized Net Income, 2 Yr. CAGR %	-	-	-63.09	-51.52	231.58
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	-	-39.89
Accounts Receivable, 2 Yr. CAGR %	-	-	-6.48	10.91	12.79
Inventory, 2 Yr. CAGR %	-	-	8.22	-21.46	-2.27
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	2.6	-5.39	7.25
Total Assets, 2 Yr. CAGR %	-	-	7.75	4.37	17.45
Tangible Book Value, 2 Yr. CAGR %	-	-	3.77	-33.1	0.06
Common Equity, 2 Yr. CAGR %	-	-	7.96	122.24	99.89
Cash From Operations, 2 Yr. CAGR %	-	-	-12.56	0.98	19.08
Capital Expenditures, 2 Yr. CAGR %	-	-	-9.8	-8.39	-0.67
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	125.16	94.8
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	99.89	71.78
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	3.19	4.96
Gross Profit, 3 Yr. CAGR %	-	-	-	1.55	7.67
EBITDA, 3 Yr. CAGR %	-	-	-	2.92	9.4
EBITA, 3 Yr. CAGR %	-	-	-	3.79	12.78
EBIT, 3 Yr. CAGR %	-	-	-	3.89	12.94
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-15.3	-39.87
Net Income, 3 Yr. CAGR %	-	-	-	7.3	-30.66
Normalized Net Income, 3 Yr. CAGR %	-	-	-	-39.08	15.91
Accounts Receivable, 3 Yr. CAGR %	-	-	-	1.72	9.15
Inventory, 3 Yr. CAGR %	-	-	-	-4.59	-7.39
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	-1.28	4.05
Total Assets, 3 Yr. CAGR %	-	-	-	6.87	12.64
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-23.1	1.99
Common Equity, 3 Yr. CAGR %	-	-	-	84.17	54.42
Cash From Operations, 3 Yr. CAGR %	-	-	-	-14.21	20.52
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-8.66	-4.03
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	165.11
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	141.06