Cash flow Corporation Ltd.

Equities

DM0

SG1V81937806

Paper Packaging

Market Closed - Singapore S.E. Other stock markets 04:24:37 2024-09-09 EDT			5-day change	1st Jan Change
0.3300 ^SGD	-1.49%		+1.54%	+4.76%

08-14	United Foods Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
08-09	PSC Reports 14% Increase in H1 Net Profit to SG$11.2 Million	MT

41705837129e2d3b5c.0Y9ENw-_2NzyD4Ln4xnKTDqe-7XjHgjPAcONu2wG5ok.gKIJUGftva-LW-WPpXSQCFzRzuaOUXiZSLXXjiJhqeiz1i9kW4u1qYtJ9Q

Published financial data: CORPORATION LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	461M	471M	533M	553M	482M
Total Revenues	461M	471M	533M	553M	482M
Cost of Goods Sold, Total	366M	362M	420M	438M	368M
Gross Profit	94.82M	110M	113M	115M	114M
Selling General & Admin Expenses, Total	72.43M	73.4M	78.1M	84.54M	81.09M
Provision for Bad Debts	832K	634K	852K	521K	279K
Other Operating Expenses	-2.16M	-676K	-1.59M	-1.74M	-1.3M
Other Operating Expenses, Total	71.1M	73.36M	77.36M	83.32M	80.07M
Operating Income	23.72M	36.27M	35.86M	31.83M	33.68M
Interest Expense, Total	-2.74M	-2.26M	-2.07M	-2.1M	-1.75M
Interest And Investment Income	2.36M	1.91M	1.48M	2.08M	6.49M
Net Interest Expenses	-388K	-351K	-587K	-18K	4.74M
Currency Exchange Gains (Loss)	184K	7.66K	-	-	-
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	23.52M	35.92M	35.28M	31.81M	38.42M
Gain (Loss) On Sale Of Investments	-618K	-823K	-495K	106K	-404K
Gain (Loss) On Sale Of Assets	-5.35M	-180K	-	838K	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	5.32M	2.76M	-	-
EBT, Incl. Unusual Items	17.55M	40.24M	37.55M	32.76M	38.02M
Income Tax Expense	5.71M	7.14M	7.65M	5.02M	8.18M
Earnings From Continuing Operations	11.84M	33.1M	29.89M	27.74M	29.84M
Net Income to Company	11.84M	33.1M	29.89M	27.74M	29.84M
Minority Interest	-5.78M	-10.85M	-10.33M	-8.25M	-8.04M
Net Income - (IS)	6.06M	22.25M	19.57M	19.49M	21.8M
Net Income to Common Incl Extra Items	6.06M	22.25M	19.57M	19.49M	21.8M
Net Income to Common Excl. Extra Items	6.06M	22.25M	19.57M	19.49M	21.8M
Per Share Items
Net EPS - Basic	0.01	0.04	0.04	0.04	0.04
Basic EPS - Continuing Operations	0.01	0.04	0.04	0.04	0.04
Basic Weighted Average Shares Outstanding	553M	553M	553M	553M	548M
Net EPS - Diluted	0.01	0.04	0.04	0.04	0.04
Diluted EPS - Continuing Operations	0.01	0.04	0.04	0.04	0.04
Diluted Weighted Average Shares Outstanding	553M	553M	553M	553M	548M
Normalized Basic EPS	0.02	0.02	0.02	0.02	0.03
Normalized Diluted EPS	0.02	0.02	0.02	0.02	0.03
Dividend Per Share	0	0	0.01	0.01	0.01
Payout Ratio	91.39	6.22	21.21	21.3	32.63
Supplemental Items
EBITDA	36.12M	49.53M	49.55M	48.08M	49.42M
EBITA	23.73M	36.27M	35.86M	31.96M	33.82M
EBIT	23.72M	36.27M	35.86M	31.83M	33.68M
EBITDAR	36.88M	50.06M	50.07M	48.6M	50.13M
Effective Tax Rate - (Ratio)	32.56	17.75	20.38	15.33	21.51
Total Current Taxes	4.1M	6.27M	7.53M	5.5M	6.34M
Total Deferred Taxes	1.61M	870K	119K	-481K	1.84M
Normalized Net Income	8.92M	11.6M	11.72M	11.64M	15.97M
Interest on Long-Term Debt	867K	820K	742K	830K	895K
Supplemental Operating Expense Items
Selling and Marketing Expenses	42.3M	42.4M	45.64M	48.16M	47.77M
General and Administrative Expenses	30.13M	31M	32.47M	36.39M	33.32M
Net Rental Expense, Total	765K	534K	515K	521K	709K
Imputed Operating Lease Interest Expense	204K	121K	93.29K	97.11K	117K
Imputed Operating Lease Depreciation	561K	413K	422K	424K	592K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	131M	164M	203M	194M	216M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	1.88M	1.06M	560K	601K	197K
Total Cash And Short Term Investments	133M	165M	204M	195M	216M
Accounts Receivable, Total	130M	133M	146M	134M	120M
Other Receivables	-	197K	387K	673K	286K
Total Receivables	130M	133M	146M	135M	120M
Inventory	45.41M	52.7M	63.81M	52.86M	48.44M
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	308M	351M	414M	382M	384M
Gross Property Plant And Equipment	266M	280M	292M	295M	301M
Accumulated Depreciation	-103M	-118M	-133M	-131M	-137M
Net Property Plant And Equipment	163M	162M	159M	165M	163M
Long-term Investments	64.27K	60.31K	68.34K	73K	16.24M
Goodwill	1.05M	1.11M	1.16M	3.1M	3.06M
Other Intangibles, Total	9K	-	-	399K	266K
Accounts Receivable Long-Term	534K	145K	37.09K	17K	205K
Deferred Tax Assets Long-Term	3.73M	3.34M	3.67M	3.68M	3.18M
Other Long-Term Assets, Total	11.17M	11.52M	678K	619K	564K
Total Assets	488M	529M	579M	555M	571M
Liabilities
Accounts Payable, Total	47.22M	42.22M	41.47M	36.41M	34.49M
Accrued Expenses, Total	16.62M	21.56M	22.63M	22.02M	20.86M
Short-term Borrowings	40.01M	46.77M	73.31M	52.79M	56.15M
Current Portion of Long-Term Debt	2.9M	5.07M	6.9M	3.65M	12.74M
Current Portion of Leases	2.67M	2.69M	1.77M	1.34M	1.21M
Current Income Taxes Payable	836K	2.11M	3.39M	4.04M	3.69M
Unearned Revenue Current, Total	380K	505K	384K	358K	353K
Other Current Liabilities	10.82M	9.47M	8.79M	7.99M	7.97M
Total Current Liabilities	121M	130M	159M	129M	137M
Long-Term Debt	14.57M	10.24M	3.82M	237K	-
Long-Term Leases	17.37M	17.05M	15.49M	20.78M	21.38M
Unearned Revenue Non Current	2.81M	2.53M	2.24M	1.73M	1.54M
Deferred Tax Liability Non Current	4.18M	4.64M	5.06M	4.82M	6.11M
Other Non Current Liabilities	-	-	-	800K	800K
Total Liabilities	160M	165M	185M	157M	167M
Common Stock, Total	184M	184M	184M	184M	184M
Retained Earnings	90.1M	111M	126M	139M	157M
Treasury Stock	-4.23M	-4.23M	-4.23M	-4.23M	-7.02M
Comprehensive Income and Other	-5.22M	-1.28M	2.3M	-6.02M	-11.33M
Total Common Equity	265M	290M	309M	313M	323M
Minority Interest	62.9M	74.3M	84.62M	84.78M	81.38M
Total Equity	328M	364M	393M	398M	404M
Total Liabilities And Equity	488M	529M	579M	555M	571M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	553M	553M	553M	553M	545M
ECS Total Common Shares Outstanding	553M	553M	553M	553M	545M
Book Value / Share	0.48	0.52	0.56	0.57	0.59
Tangible Book Value	264M	289M	308M	310M	319M
Tangible Book Value Per Share	0.48	0.52	0.56	0.56	0.59
Total Debt	77.52M	81.81M	101M	78.8M	91.48M
Net Debt	-55.59M	-83.23M	-103M	-116M	-125M
Debt Equivalent Oper. Leases	6.12M	4.27M	4.12M	4.17M	5.67M
Minority Interest, Total (Incl. Fin. Div)	62.9M	74.3M	84.62M	84.78M	81.38M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	24.11M	29.67M	43.92M	30.27M	24.02M
Inventories - Work In Process, Total	500K	486K	763K	375K	181K
Inventories - Finished Goods, Total	20.8M	22.54M	19.13M	22.21M	24.24M
Land - (BS)	298K	125M	128M	143M	142M
Buildings, Total	127M	8.89M	8.81M	-	-
Machinery, Total	124M	130M	138M	136M	137M
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	6.06M	22.25M	19.57M	19.49M	21.8M
Depreciation & Amortization - CF	14.77M	15.66M	16.05M	16.12M	15.6M
Amortization of Goodwill and Intangible Assets - (CF)	3K	2.75K	-	133K	133K
Depreciation & Amortization, Total	14.78M	15.66M	16.05M	16.25M	15.74M
(Gain) Loss From Sale Of Asset	5.35M	180K	-2.19M	-838K	332K
(Gain) Loss on Sale of Investments - (CF)	618K	823K	495K	-106K	404K
Asset Writedown & Restructuring Costs	465K	36.42K	16.34K	244K	217K
Provision and Write-off of Bad Debts	-	-	-	521K	279K
Other Operating Activities, Total	7.88M	11.42M	11.36M	8.1M	3.99M
Change In Accounts Receivable	26.54M	2.38M	-8.28M	5.74M	12.04M
Change In Inventories	3.79M	-6.26M	-10.07M	6.73M	3.4M
Change In Accounts Payable	-18.98M	-4.89M	-1.19M	-4.53M	-1.58M
Cash from Operations	46.49M	41.59M	25.76M	51.6M	56.61M
Capital Expenditure	-13.61M	-7.67M	-10.79M	-22.26M	-16.96M
Sale of Property, Plant, and Equipment	582K	268K	1.27M	348K	868K
Cash Acquisitions	-	-	-	-1.55M	-
Divestitures	-	-	12.42M	-	-
Sale (Purchase) of Real Estate properties	-150K	-16.49K	-	-	-
Investment in Marketable and Equity Securities, Total	5.38M	-	-	65K	-15.81M
Other Investing Activities, Total	1.96M	1.41M	827K	1.61M	4.88M
Cash from Investing	-5.85M	-6.01M	3.72M	-21.78M	-27.01M
Long-Term Debt Issued, Total	109M	115M	136M	127M	103M
Total Debt Issued	109M	115M	136M	127M	103M
Long-Term Debt Repaid, Total	-139M	-116M	-120M	-152M	-89.48M
Total Debt Repaid	-139M	-116M	-120M	-152M	-89.48M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-2.8M
Common Dividends Paid	-5.53M	-1.38M	-4.15M	-4.15M	-7.11M
Common & Preferred Stock Dividends Paid	-5.53M	-1.38M	-4.15M	-4.15M	-7.11M
Special Dividend Paid	-20M	-	-	-	-
Other Financing Activities, Total	-2.94M	-5.32M	-7.77M	-497K	-7.13M
Cash from Financing	-58.95M	-7.68M	4.12M	-29.29M	-3.68M
Foreign Exchange Rate Adjustments	-1.1M	2.43M	1.45M	-5.5M	-2.12M
Net Change in Cash	-19.41M	30.33M	35.05M	-4.97M	23.79M
Supplemental Items
Cash Interest Paid	2.73M	2.26M	2.19M	2.27M	1.8M
Cash Income Tax Paid (Refund)	4.46M	4.77M	6.49M	5.12M	6.28M
Levered Free Cash Flow	37.52M	18.93M	2.52M	29.01M	34.74M
Unlevered Free Cash Flow	39.23M	20.34M	3.82M	30.32M	35.83M
Change In Net Working Capital	-23.24M	10.32M	23.86M	-16.43M	-16M
Net Debt Issued / Repaid	-30.47M	-982K	16.04M	-24.64M	13.35M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.8	4.46	4.05	3.51	3.74
Return on Total Capital	3.52	5.32	4.77	4.09	4.33
Return On Equity %	3.5	9.57	7.89	7.01	7.44
Return on Common Equity	2.19	8.02	6.54	6.26	6.85
Margin Analysis
Gross Profit Margin %	20.56	23.26	21.23	20.82	23.59
SG&A Margin	15.71	15.57	14.65	15.29	16.82
EBITDA Margin %	7.83	10.51	9.29	8.69	10.25
EBITA Margin %	5.15	7.69	6.73	5.78	7.01
EBIT Margin %	5.14	7.69	6.73	5.76	6.99
Income From Continuing Operations Margin %	2.57	7.02	5.61	5.01	6.19
Net Income Margin %	1.31	4.72	3.67	3.52	4.52
Net Avail. For Common Margin %	1.31	4.72	3.67	3.52	4.52
Normalized Net Income Margin	1.93	2.46	2.2	2.1	3.31
Levered Free Cash Flow Margin	8.14	4.02	0.47	5.25	7.2
Unlevered Free Cash Flow Margin	8.51	4.32	0.72	5.48	7.43
Asset Turnover
Asset Turnover	0.87	0.93	0.96	0.98	0.86
Fixed Assets Turnover	2.97	2.9	3.32	3.41	2.94
Receivables Turnover (Average Receivables)	3.28	3.6	3.83	3.95	3.8
Inventory Turnover (Average Inventory)	7.67	7.38	7.21	7.51	7.27
Short Term Liquidity
Current Ratio	2.54	2.69	2.61	2.97	2.8
Quick Ratio	2.16	2.28	2.21	2.56	2.44
Operating Cash Flow to Current Liabilities	0.38	0.32	0.16	0.4	0.41
Days Sales Outstanding (Average Receivables)	111.28	101.68	95.32	92.49	96.15
Days Outstanding Inventory (Average Inventory)	47.56	49.63	50.62	48.62	50.18
Average Days Payable Outstanding	56.34	43.98	35.42	33.29	35.55
Cash Conversion Cycle (Average Days)	102.5	107.33	110.52	107.82	110.79
Long Term Solvency
Total Debt/Equity	23.64	22.47	25.74	19.79	22.64
Total Debt / Total Capital	19.12	18.35	20.47	16.52	18.46
LT Debt/Equity	9.74	7.5	4.91	5.28	5.29
Long-Term Debt / Total Capital