Balance Sheet Comer Industries S.p.A.

Equities

COM

IT0005246191

Industrial Machinery & Equipment

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1022fb6e7de824366de49a48d.GAu0h342o4PjwQXDTIENU1X_8o9OeImPsPmqMd_bsvI.dXnQxhl_keKr9HyTfNZVNxjOoqJ_Nd7-56nwBpW5xK15b87MOnLKurmZXA

Published financial data: COMER INDUSTRIES S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	396M	598M	1.24B	1.22B	942M
Other Revenues, Total	1M	3.36M	4.05M	2.8M	1.71M
Total Revenues	397M	601M	1.24B	1.23B	944M
Cost of Goods Sold, Total	248M	379M	705M	666M	524M
Gross Profit	149M	222M	537M	560M	421M
Selling General & Admin Expenses, Total	67.18M	87M	245M	245M	200M
Provision for Bad Debts	461K	627K	1.75M	2.62M	1.04M
Depreciation & Amortization - (IS)	17.74M	20.76M	52.49M	60.55M	58.2M
Other Operating Expenses	33.28M	57.47M	112M	112M	75.03M
Other Operating Expenses, Total	119M	166M	411M	421M	335M
Operating Income	30.26M	56.46M	126M	140M	86.05M
Interest Expense, Total	-810K	-1.28M	-6.86M	-11.19M	-8.66M
Interest And Investment Income	61K	200K	1M	856K	3.81M
Net Interest Expenses	-749K	-1.08M	-5.86M	-10.33M	-4.84M
Currency Exchange Gains (Loss)	-157K	-718K	4.98M	-429K	2.59M
Other Non Operating Income (Expenses)	-2K	1K	-1K	-	-
EBT, Excl. Unusual Items	29.36M	54.66M	125M	129M	83.8M
Gain (Loss) On Sale Of Assets	18K	172K	230K	373K	8.96M
Insurance Settlements	23K	-	-	20K	-
EBT, Incl. Unusual Items	29.4M	54.84M	125M	129M	92.75M
Income Tax Expense	7.63M	15.41M	34.21M	35.13M	25.53M
Earnings From Continuing Operations	21.76M	39.43M	90.72M	94.04M	67.22M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	21.76M	39.43M	90.72M	94.04M	67.22M
Net Income - (IS)	21.76M	39.43M	90.72M	94.04M	67.22M
Net Income to Common Incl Extra Items	21.76M	39.43M	90.72M	94.04M	67.22M
Net Income to Common Excl. Extra Items	21.76M	39.43M	90.72M	94.04M	67.22M
Per Share Items
Net EPS - Basic	1.07	1.37	3.16	3.28	2.34
Basic EPS - Continuing Operations	1.07	1.37	3.16	3.28	2.34
Basic Weighted Average Shares Outstanding	20.41M	28.68M	28.68M	28.68M	28.68M
Net EPS - Diluted	1.07	1.37	3.16	3.28	2.34
Diluted EPS - Continuing Operations	1.07	1.37	3.16	3.28	2.34
Diluted Weighted Average Shares Outstanding	20.41M	28.68M	28.68M	28.68M	28.68M
Normalized Basic EPS	0.9	1.19	2.72	2.81	1.83
Normalized Diluted EPS	0.9	1.19	2.72	2.81	1.83
Dividend Per Share	0.5	0.5	0.75	1.25	0.8
Payout Ratio	32.82	25.88	15.81	22.87	53.29
Supplemental Items
EBITDA	43.83M	72.32M	168M	190M	155M
EBITA	31.28M	58.49M	143M	160M	107M
EBIT	30.26M	56.46M	126M	140M	86.05M
Effective Tax Rate - (Ratio)	25.96	28.1	27.39	27.2	27.53
Total Current Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	18.35M	34.16M	77.94M	80.48M	52.37M
Interest on Long-Term Debt	516K	785K	4.27M	9.41M	6.95M
Non-Cash Pension Expense	-	-	-	-	-2.63M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	5.39M	2.19M	-	-	-
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	5.39M	2.19M	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	38.18M	85.74M	151M	68.33M	89.51M
Total Cash And Short Term Investments	38.18M	85.74M	151M	68.33M	89.51M
Accounts Receivable, Total	85.78M	196M	208M	206M	161M
Other Receivables	9.15M	23.88M	37.63M	27.17M	25.01M
Notes Receivable	-	-	-	-	-
Total Receivables	94.93M	220M	246M	233M	186M
Inventory	83.25M	229M	245M	227M	177M
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	1.32M	3.05M	-86K	1.64M	13.17M
Total Current Assets	218M	537M	642M	530M	466M
Net Property Plant And Equipment	76.48M	205M	212M	234M	247M
Long-term Investments	-	1.28M	1.52M	1.76M	1.92M
Goodwill	-	264M	156M	170M	170M
Other Intangibles, Total	2.99M	63.67M	201M	215M	199M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	8.41M	41.31M	35.7M	42.88M	38.13M
Deferred Charges Long-Term	614K	422K	244K	252K	325K
Other Long-Term Assets, Total	284K	829K	1.41M	1.12M	915K
Total Assets	306M	1.11B	1.25B	1.2B	1.12B
Liabilities
Accounts Payable, Total	84.21M	219M	199M	199M	153M
Accrued Expenses, Total	-	-	-	7.86M	8.03M
Short-term Borrowings	12.47M	25.57M	45.4M	34.03M	45.81M
Current Portion of Long-Term Debt	-112K	3.64M	6.18M	-	-
Current Portion of Leases	3.69M	8.74M	9.74M	12.59M	7.17M
Current Income Taxes Payable	3.99M	21.82M	23.17M	29.97M	2.95M
Other Current Liabilities	25.31M	66.26M	68.41M	71.27M	60.38M
Total Current Liabilities	130M	345M	352M	355M	277M
Long-Term Debt	-290K	178M	191M	64.56M	74.81M
Long-Term Leases	19.77M	47.59M	48.05M	51.99M	32.85M
Pension & Other Post Retirement Benefits	-	-	-	-	116M
Deferred Tax Liability Non Current	1.27M	20.69M	62.37M	54.34M	52.64M
Other Non Current Liabilities	12.77M	177M	153M	162M	26.4M
Total Liabilities	163M	768M	805M	687M	579M
Common Stock, Total	13.11M	18.49M	18.49M	18.49M	18.49M
Additional Paid In Capital	27.94M	188M	188M	188M	188M
Retained Earnings	100M	129M	206M	286M	317M
Treasury Stock	-	-	-	-147K	-738K
Comprehensive Income and Other	2.26M	10.22M	31.85M	15M	21.97M
Total Common Equity	143M	346M	444M	508M	544M
Total Equity	143M	346M	444M	508M	544M
Total Liabilities And Equity	306M	1.11B	1.25B	1.2B	1.12B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	20.41M	28.68M	28.68M	28.67M	28.65M
ECS Total Common Shares Outstanding	20.41M	28.68M	28.68M	28.67M	28.65M
Book Value / Share	7.02	12.05	15.48	17.7	18.99
Tangible Book Value	140M	17.98M	86.86M	122M	175M
Tangible Book Value Per Share	6.88	0.63	3.03	4.27	6.12
Total Debt	35.53M	263M	300M	163M	161M
Net Debt	-2.65M	178M	149M	94.83M	71.13M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	23.35M	80.74M	90.75M	93.58M	90.62M
Inventories - Work In Process, Total	44.76M	96.72M	103M	86.75M	65.61M
Inventories - Finished Goods, Total	21.83M	72.42M	76.61M	69.44M	50.88M
Full Time Employees	1.14K	3.61K	3.81K	3.63K	2.87K
Part Time Employees	-	-	-	-	52
Accumulated Allowance for Doubtful Accounts (Supple)	3.11M	5.6M	6.04M	7.3M	5.92M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	21.76M	39.43M	90.72M	94.04M	67.22M
Depreciation & Amortization - CF	12.55M	13.82M	34.55M	39.95M	37.68M
Amortization of Goodwill and Intangible Assets - (CF)	1.02M	2.03M	17.71M	20.44M	20.64M
Depreciation & Amortization, Total	13.57M	15.85M	52.26M	60.39M	58.32M
Amortization of Deferred Charges, Total - (CF)	446K	362K	232K	166K	-123K
(Gain) Loss From Sale Of Asset	-	-	-	-	-8.89M
Provision and Write-off of Bad Debts	263K	-84K	-	-	-
Other Operating Activities, Total	8.85M	17.18M	8.35M	7.94M	-26.32M
Change In Accounts Receivable	-8.71M	-33.1M	-11.83M	4.93M	45.97M
Change In Inventories	2.24M	-45.09M	-19.28M	25.05M	42.66M
Change In Accounts Payable	6.54M	75.53M	-19.98M	-3.68M	-46.25M
Change In Deferred Taxes	6.32M	-1.34M	-	-	-
Change in Other Net Operating Assets	-1.59M	3.93M	-6.33M	15M	-22.21M
Cash from Operations	49.69M	72.66M	94.14M	204M	110M
Capital Expenditure	-11.89M	-18.04M	-30.74M	-38.82M	-57.07M
Sale of Property, Plant, and Equipment	1.08M	823K	-	1.46M	11.56M
Cash Acquisitions	-	-191M	-	-49.83M	-
Sale (Purchase) of Intangible assets	-1.11M	-1.58M	-3.14M	-3.37M	-4.4M
Investment in Marketable and Equity Securities, Total	-	-198K	-244K	-237K	-
Other Investing Activities, Total	531K	-2.06M	-	-	-
Cash from Investing	-11.39M	-212M	-34.12M	-90.79M	-49.91M
Short Term Debt Issued, Total	7M	24.81M	12.91M	-	-
Long-Term Debt Issued, Total	-	180M	13.38M	-	100M
Total Debt Issued	7M	204M	26.29M	-	100M
Short Term Debt Repaid, Total	-8.25M	-7.96M	-	-	-
Long-Term Debt Repaid, Total	-4.69M	-1.57M	-	-147M	-89.36M
Total Debt Repaid	-12.95M	-9.53M	-	-147M	-89.36M
Issuance of Common Stock	-	2.39M	-	-	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-7.14M	-10.2M	-14.34M	-21.51M	-35.82M
Common & Preferred Stock Dividends Paid	-7.14M	-10.2M	-14.34M	-21.51M	-35.82M
Other Financing Activities, Total	-3.17M	-592K	-6.38M	-27.02M	-14.12M
Cash from Financing	-16.26M	186M	5.57M	-196M	-39.3M
Miscellaneous Cash Flow Adjustments	-	1K	-	1K	-
Net Change in Cash	22.04M	47.57M	65.58M	-83M	21.18M
Supplemental Items
Cash Interest Paid	-	-	8.57M	15.69M	4.66M
Cash Income Tax Paid (Refund)	-	-	-	-	43.11M
Levered Free Cash Flow	39.17M	-45.77M	34.62M	145M	45.77M
Unlevered Free Cash Flow	39.68M	-44.97M	38.9M	152M	51.18M
Change In Net Working Capital	-14.36M	79.05M	58.2M	-46.89M	-676K
Net Debt Issued / Repaid	-5.95M	195M	26.29M	-147M	10.64M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.37	4.97	6.53	7.14	4.64
Return on Total Capital	10.74	8.96	11.6	12.33	7.82
Return On Equity %	15.97	16.13	22.98	19.77	12.78
Return on Common Equity	15.97	16.13	22.98	19.77	12.78
Margin Analysis
Gross Profit Margin %	37.49	36.96	43.24	45.67	44.55
SG&A Margin	16.91	14.47	19.76	19.98	21.21
EBITDA Margin %	11.03	12.02	13.52	15.46	16.41
EBITA Margin %	7.88	9.72	11.54	13.04	11.3
EBIT Margin %	7.62	9.39	10.11	11.37	9.11
Income From Continuing Operations Margin %	5.48	6.56	7.31	7.67	7.12
Net Income Margin %	5.48	6.56	7.31	7.67	7.12
Net Avail. For Common Margin %	5.48	6.56	7.31	7.67	7.12
Normalized Net Income Margin	4.62	5.68	6.28	6.56	5.55
Levered Free Cash Flow Margin	9.86	-7.61	2.79	11.86	4.85
Unlevered Free Cash Flow Margin	9.99	-7.48	3.13	12.43	5.42
Asset Turnover
Asset Turnover	1.34	0.85	1.03	1	0.81
Fixed Assets Turnover	5.03	4.28	5.97	5.5	3.92
Receivables Turnover (Average Receivables)	4.86	4.24	6.12	5.91	5.13
Inventory Turnover (Average Inventory)	2.94	2.43	3	2.83	2.59
Short Term Liquidity
Current Ratio	1.68	1.56	1.83	1.49	1.68
Quick Ratio	1.03	0.89	1.13	0.85	1
Operating Cash Flow to Current Liabilities	0.38	0.21	0.27	0.57	0.4
Days Sales Outstanding (Average Receivables)	75.31	86.03	59.6	61.71	71.28
Days Outstanding Inventory (Average Inventory)	124.38	150.12	121.85	129.12	141.16
Average Days Payable Outstanding	120.39	105.36	105.17	111.92	135.64
Cash Conversion Cycle (Average Days)	79.31	130.79	76.28	78.91	76.8
Long Term Solvency
Total Debt/Equity	24.78	76.18	67.59	32.14	29.52
Total Debt / Total Capital	19.86	43.24	40.33	24.33	22.79
LT Debt/Equity	13.59	65.2	53.78	22.96	19.78
Long-Term Debt / Total Capital	10.89	37.01	32.09	17.38	15.27
Total Liabilities / Total Assets	53.22	68.97	64.47	57.52	51.56
EBIT / Interest Expense	37.36	44.01	18.3	12.47	9.94
EBITDA / Interest Expense	54.11	56.36	25.92	17.87	17.89
(EBITDA - Capex) / Interest Expense	39.43	42.31	21.44	14.4	11.3
Total Debt / EBITDA	0.81	3.64	1.69	0.82	1.04
Net Debt / EBITDA	-0.06	2.45	0.84	0.47	0.46
Total Debt / (EBITDA - Capex)	1.11	4.85	2.04	1.01	1.64
Net Debt / (EBITDA - Capex)	-0.08	3.27	1.01	0.59	0.73
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-1.97	51.42	106.59	-1.2	-23.04
Gross Profit, 1 Yr. Growth %	-0.5	49.26	142.01	4.36	-24.94
EBITDA, 1 Yr. Growth %	8.5	64.9	149.52	12.92	-26.43
EBITA, 1 Yr. Growth %	10.43	86.84	146.98	11.64	-33.45
EBIT, 1 Yr. Growth %	11.02	86.43	124.3	11.11	-38.33
Earnings From Cont. Operations, 1 Yr. Growth %	17.64	81.16	130.07	3.66	-28.52
Net Income, 1 Yr. Growth %	17.64	81.16	130.07	3.66	-28.52
Normalized Net Income, 1 Yr. Growth %	16.52	86.06	130.12	3.27	-34.93
Diluted EPS Before Extra, 1 Yr. Growth %	17.64	28.47	130.07	3.66	-28.53
Accounts Receivable, 1 Yr. Growth %	10.99	128.68	6.04	-1.02	-21.69
Inventory, 1 Yr. Growth %	-2.62	174.62	8.54	-7.48	-21.79
Net Property, Plant and Equip., 1 Yr. Growth %	-6.14	167.69	3.31	10.76	5.45
Total Assets, 1 Yr. Growth %	6.48	263.4	8.11	-4.34	-6
Tangible Book Value, 1 Yr. Growth %	11.95	-87.2	-433.6	41.01	43.11
Common Equity, 1 Yr. Growth %	11.05	141.05	28.43	14.35	7.21
Cash From Operations, 1 Yr. Growth %	52.46	46.23	39.46	116.52	-45.85
Capital Expenditures, 1 Yr. Growth %	-27.68	51.64	60.5	26.29	52.78
Levered Free Cash Flow, 1 Yr. Growth %	277.96	-216.8	-177.98	320.25	-68.85
Unlevered Free Cash Flow, 1 Yr. Growth %	256.33	-213.29	-189.25	291.9	-66.75
Dividend Per Share, 1 Yr. Growth %	42.86	0	50	66.67	-36
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.29	21.84	76.8	42.87	-12.8
Gross Profit, 2 Yr. CAGR %	1.69	21.88	89.86	58.92	-11.49
EBITDA, 2 Yr. CAGR %	8.23	33.79	95.67	67.86	-3.94
EBITA, 2 Yr. CAGR %	10.05	43.69	113.94	66.05	-13.71
EBIT, 2 Yr. CAGR %	10.57	43.92	103.62	57.87	-17.22
Earnings From Cont. Operations, 2 Yr. CAGR %	17.67	45.99	104.16	54.43	-13.92
Net Income, 2 Yr. CAGR %	17.67	45.99	104.16	54.43	-13.92
Normalized Net Income, 2 Yr. CAGR %	13.45	47.3	106.02	54.15	-18.03
Diluted EPS Before Extra, 2 Yr. CAGR %	7.66	22.94	72.23	54.43	-13.92
Accounts Receivable, 2 Yr. CAGR %	5.22	59.32	55.72	2.45	-11.96
Inventory, 2 Yr. CAGR %	-5.4	63.53	71.51	0.21	-14.93
Net Property, Plant and Equip., 2 Yr. CAGR %	20.43	58.51	66.3	6.97	8.07
Total Assets, 2 Yr. CAGR %	8.1	96.71	101.89	1.69	-5.17
Tangible Book Value, 2 Yr. CAGR %	28.4	-62.14	-21.36	116.89	42.06
Common Equity, 2 Yr. CAGR %	27	63.61	75.95	21.19	10.72
Cash From Operations, 2 Yr. CAGR %	50.67	49.31	37.64	73.77	8.28
Capital Expenditures, 2 Yr. CAGR %	-7.46	4.72	60.75	42.37	36.27
Levered Free Cash Flow, 2 Yr. CAGR %	205.92	110.15	-6.01	81.03	14.99
Unlevered Free Cash Flow, 2 Yr. CAGR %	183.12	100.96	-1	87.02	14.7
Dividend Per Share, 2 Yr. CAGR %	-8.71	19.52	22.47	58.11	3.28
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.05	16.58	45.25	45.63	16.25
Gross Profit, 3 Yr. CAGR %	3.17	15.57	53.08	55.52	23.76
EBITDA, 3 Yr. CAGR %	14.74	24.56	60.78	62.91	32.04
EBITA, 3 Yr. CAGR %	20.84	31.32	71.66	72.24	22.51
EBIT, 3 Yr. CAGR %	21.45	31.63	66.39	66.39	15.4
Earnings From Cont. Operations, 3 Yr. CAGR %	23.71	35.87	69.89	62.87	19.46
Net Income, 3 Yr. CAGR %	24.17	35.87	69.89	62.87	19.46
Normalized Net Income, 3 Yr. CAGR %	20.95	33.82	70.42	63.65	15.64
Diluted EPS Before Extra, 3 Yr. CAGR %	16.39	14.19	51.68	45.41	19.46
Accounts Receivable, 3 Yr. CAGR %	6.56	36.3	39.1	33.89	-6.33
Inventory, 3 Yr. CAGR %	-0.93	34.95	42.02	39.62	-7.73
Net Property, Plant and Equip., 3 Yr. CAGR %	14.67	57.17	37.43	45.23	6.46
Total Assets, 3 Yr. CAGR %	7.51	61.94	63.12	57.4	-0.94
Tangible Book Value, 3 Yr. CAGR %	24.56	-40.46	-11.52	-4.46	88.82
Common Equity, 3 Yr. CAGR %	23.4	57.25	50.93	52.41	16.34
Cash From Operations, 3 Yr. CAGR %	15.05	49.18	42.41	60.08	17.81
Capital Expenditures, 3 Yr. CAGR %	4.74	9.1	23.17	48.33	43.91
Levered Free Cash Flow, 3 Yr. CAGR %	33.21	121.96	49.48	54.84	1.03
Unlevered Free Cash Flow, 3 Yr. CAGR %	32.55	108.66	51.74	56.61	5.5
Dividend Per Share, 3 Yr. CAGR %	-	-5.9	28.92	35.72	16.96
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.88	14.59	29.37	26.44	18.43
Gross Profit, 5 Yr. CAGR %	4.41	12.73	31.68	31.22	22.95
EBITDA, 5 Yr. CAGR %	16.17	27.95	42.06	38.34	30.84
EBITA, 5 Yr. CAGR %	24.81	42.14	51.88	44.01	30.37
EBIT, 5 Yr. CAGR %	25.43	42.78	49.36	41.32	25.85
Earnings From Cont. Operations, 5 Yr. CAGR %	28.2	42.72	51.15	43.01	29.44
Net Income, 5 Yr. CAGR %	10.82	42.72	51.5	43.01	29.44
Normalized Net Income, 5 Yr. CAGR %	27.94	39.77	49.69	41.37	27.17
Diluted EPS Before Extra, 5 Yr. CAGR %	11.19	15.52	36.14	28.94	20.93
Accounts Receivable, 5 Yr. CAGR %	3.09	23.04	24.02	21.59	15.84
Inventory, 5 Yr. CAGR %	2.39	24.51	23.39	19.49	15.69
Net Property, Plant and Equip., 5 Yr. CAGR %	9.44	31.36	33.05	34.75	24.84
Total Assets, 5 Yr. CAGR %	3.68	35.76	38.33	35.43	31.3
Tangible Book Value, 5 Yr. CAGR %	4.99	-23.3	3.64	7.54	6.93
Common Equity, 5 Yr. CAGR %	4.76	37.12	42.22	41.69	33.34
Cash From Operations, 5 Yr. CAGR %	26.64	20.67	23.6	56.25	27.63
Capital Expenditures, 5 Yr. CAGR %	-1.04	3.89	24.32	22.82	28.25
Levered Free Cash Flow, 5 Yr. CAGR %	61.12	40.2	15.87	103.33	34.59
Unlevered Free Cash Flow, 5 Yr. CAGR %	58.04	38.98	17.96	98.48	35.67
Dividend Per Share, 5 Yr. CAGR %	-	-	-	15.81	17.98