Cash flow DELFINGEN Industry

Equities

ALDEL

FR0000054132

Auto, Truck & Motorcycle Parts

Market Closed - Euronext Paris Other stock markets 11:35:11 2024-09-06 EDT			5-day change	1st Jan Change
27.90 ^EUR	-3.79%		-4.78%	-43.41%

07-30	Delfingen: half-year sales down, caution expressed	CF
05-14	Delfingen: quarterly sales down 2.5	CF

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Published financial data: DELFINGEN INDUSTRY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	230M	242M	363M	417M	457M
Other Revenues, Total	-	-	-	-	-
Total Revenues	230M	242M	363M	417M	457M
Cost of Goods Sold, Total	133M	134M	223M	275M	285M
Gross Profit	97.27M	108M	140M	142M	171M
Selling General & Admin Expenses, Total	68.56M	72.06M	93.49M	101M	122M
Depreciation & Amortization - (IS)	12.37M	14.48M	18.43M	19.95M	21.2M
Other Operating Expenses	1.1M	479K	3.08M	3.45M	3.02M
Other Operating Expenses, Total	82.03M	87.02M	115M	124M	146M
Operating Income	15.24M	20.88M	24.8M	17.42M	25.49M
Interest Expense, Total	-2.99M	-3.11M	-3.79M	-3.52M	-8.02M
Interest And Investment Income	19K	13K	60K	11K	33K
Net Interest Expenses	-2.97M	-3.1M	-3.73M	-3.5M	-7.98M
Currency Exchange Gains (Loss)	-815K	-1.2M	547K	-138K	-1.36M
Other Non Operating Income (Expenses)	29K	-16K	254K	68K	-222K
EBT, Excl. Unusual Items	11.48M	16.57M	21.88M	13.85M	15.92M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-2.1M	-	-	-800K
Impairment of Goodwill	-	-882K	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-212K	-	-168K
Gain (Loss) On Sale Of Assets	194K	-1.05M	-193K	-52K	-749K
Asset Writedown	-75K	-131K	-163K	379K	71K
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	37.1M	-	-	-
EBT, Incl. Unusual Items	11.6M	49.5M	21.31M	14.17M	14.28M
Income Tax Expense	3.07M	4.05M	4.95M	5.91M	7.25M
Earnings From Continuing Operations	8.53M	45.46M	16.36M	8.27M	7.03M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	8.53M	45.46M	16.36M	8.27M	7.03M
Minority Interest	1K	-149K	-233K	-122K	-122K
Net Income - (IS)	8.53M	45.31M	16.13M	8.14M	6.9M
Net Income to Common Incl Extra Items	8.53M	45.31M	16.13M	8.14M	6.9M
Net Income to Common Excl. Extra Items	8.53M	45.31M	16.13M	8.14M	6.9M
Per Share Items
Net EPS - Basic	3.54	18.67	6.14	3.11	2.64
Basic EPS - Continuing Operations	3.54	18.67	6.14	3.11	2.64
Basic Weighted Average Shares Outstanding	2.41M	2.43M	2.62M	2.62M	2.62M
Net EPS - Diluted	3.54	18.67	6.14	3.11	2.64
Diluted EPS - Continuing Operations	3.54	18.67	6.14	3.11	2.64
Diluted Weighted Average Shares Outstanding	2.41M	2.43M	2.62M	2.62M	2.62M
Normalized Basic EPS	2.98	4.2	5.12	3.26	3.76
Normalized Diluted EPS	2.98	4.2	5.12	3.26	3.76
Dividend Per Share	-	0.38	1.13	0.64	1.15
Payout Ratio	16.06	-	6.2	36.24	24.23
Supplemental Items
EBITDA	22.28M	34.33M	41.25M	34.83M	44.5M
EBITA	16M	22.03M	26.02M	18.8M	26.98M
EBIT	15.24M	20.88M	24.8M	17.42M	25.49M
EBITDAR	24.29M	36.83M	44.99M	39.2M	49.9M
Total Revenues (As Reported)	231M	242M	363M	418M	457M
Effective Tax Rate - (Ratio)	26.48	8.18	23.23	41.67	50.78
Total Current Taxes	2.82M	4.28M	5.15M	6.77M	8.24M
Total Deferred Taxes	252K	-236K	-197K	-865K	-989K
Normalized Net Income	7.18M	10.2M	13.44M	8.53M	9.83M
Interest on Long-Term Debt	400K	-	-	-	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	329K	686K	1.64M	1.58M	1.1M
Net Rental Expense, Total	2.01M	2.5M	3.75M	4.36M	5.39M
Imputed Operating Lease Interest Expense	656K	589K	875K	897K	2.22M
Imputed Operating Lease Depreciation	1.35M	1.91M	2.87M	3.47M	3.17M
Maintenance & Repair Expenses, Total	3.96M	4.21M	6.3M	6.68M	8.14M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	12.97M	25.41M	26.45M	14.92M	21.01M
Total Cash And Short Term Investments	12.97M	25.41M	26.45M	14.92M	21.01M
Accounts Receivable, Total	37.32M	82.05M	66.18M	78.58M	85.01M
Other Receivables	7.58M	14.42M	9.1M	9.38M	9.76M
Total Receivables	44.9M	96.47M	75.28M	87.97M	94.76M
Inventory	25.73M	35.86M	43.63M	58.59M	48.5M
Prepaid Expenses	5.86M	5.19M	5.57M	5.95M	4.23M
Other Current Assets, Total	996K	1.16M	1.27M	3.12M	2.14M
Total Current Assets	90.46M	164M	152M	171M	171M
Gross Property Plant And Equipment	132M	167M	190M	210M	231M
Accumulated Depreciation	-69.26M	-73.91M	-89.19M	-104M	-116M
Net Property Plant And Equipment	63.18M	93.22M	101M	106M	115M
Long-term Investments	2.39M	2.19M	-	-	-
Goodwill	38.04M	56.9M	59.97M	60.66M	83.03M
Other Intangibles, Total	7.12M	11.57M	7.94M	8.96M	10.5M
Loans Receivable Long-Term	-	-	2.33M	2.02M	2.64M
Deferred Tax Assets Long-Term	1.85M	1.55M	1.75M	1.59M	1.66M
Deferred Charges Long-Term	1.11M	-	3.59M	2.47M	1.55M
Other Long-Term Assets, Total	147K	254K	755K	943K	1.17M
Total Assets	204M	330M	329M	353M	386M
Liabilities
Accounts Payable, Total	19.95M	45.92M	28.59M	35.72M	37.38M
Accrued Expenses, Total	10.98M	18.83M	14.7M	12.01M	19.09M
Short-term Borrowings	9.41M	14.36M	11.2M	20.48M	10.01M
Current Portion of Long-Term Debt	10.64M	14.25M	21.21M	16.48M	31.87M
Current Portion of Leases	4.29M	4.66M	6.23M	6.53M	7.19M
Current Income Taxes Payable	773K	1.87M	2.14M	3.25M	2.23M
Unearned Revenue Current, Total	4.91M	5.3M	3.98M	3.8M	3.08M
Other Current Liabilities	545K	1.24M	1.1M	714K	1.43M
Total Current Liabilities	61.49M	106M	89.16M	98.98M	112M
Long-Term Debt	43.15M	72.01M	64.28M	74.45M	97.74M
Long-Term Leases	14.92M	23.83M	27.4M	25.25M	21.58M
Pension & Other Post Retirement Benefits	1.87M	2.3M	2.24M	1.75M	1.81M
Deferred Tax Liability Non Current	6.13M	5.46M	5.83M	5.23M	4.75M
Other Non Current Liabilities	685K	2.02M	1.74M	1.43M	866K
Total Liabilities	128M	212M	191M	207M	239M
Common Stock, Total	3.76M	4.11M	4.11M	4.11M	4.03M
Additional Paid In Capital	12.29M	15.28M	15.28M	15.28M	15.35M
Retained Earnings	8.91M	45.68M	16.54M	8.56M	7.32M
Treasury Stock	-745K	-772K	-971K	-1.46M	-110K
Comprehensive Income and Other	51.6M	53.04M	103M	118M	120M
Total Common Equity	75.82M	117M	138M	145M	147M
Minority Interest	239K	371K	657K	760K	831K
Total Equity	76.05M	118M	139M	146M	147M
Total Liabilities And Equity	204M	330M	329M	353M	386M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.4M	2.63M	2.62M	2.61M	2.61M
ECS Total Common Shares Outstanding	2.4M	2.63M	2.62M	2.61M	2.61M
Book Value / Share	31.54	44.65	52.63	55.44	56.06
Tangible Book Value	30.66M	48.87M	70.24M	75.35M	53.05M
Tangible Book Value Per Share	12.75	18.6	26.76	28.82	20.29
Total Debt	82.4M	129M	130M	143M	168M
Net Debt	69.43M	104M	104M	128M	147M
Debt Equivalent Oper. Leases	16.07M	20.02M	29.97M	34.92M	43.13M
Minority Interest, Total (Incl. Fin. Div)	239K	371K	657K	760K	831K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	15.14M	18.1M	23.73M	35.26M	25.32M
Inventories - Work In Process, Total	812K	1.2M	1.22M	1.6M	2.4M
Inventories - Finished Goods, Total	11.6M	19.17M	22.78M	25.48M	24.71M
Land - (BS)	1.12M	4.47M	4.32M	4.33M	7.49M
Buildings, Total	15.99M	52.12M	61.47M	67.37M	72.56M
Machinery, Total	81.87M	91.76M	104M	115M	124M
Full Time Employees	2.49K	3.35K	3.21K	3.49K	3.81K
Accumulated Allowance for Doubtful Accounts (Supple)	244K	693K	1.11M	895K	1.09M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	8.53M	45.31M	16.13M	8.14M	6.9M
Depreciation & Amortization - CF	11.28M	12.3M	15.22M	16.03M	17.52M
Amortization of Goodwill and Intangible Assets - (CF)	756K	1.15M	1.22M	1.38M	1.49M
Depreciation & Amortization, Total	12.04M	13.45M	16.44M	17.41M	19.01M
Amortization of Deferred Charges, Total - (CF)	329K	686K	1.64M	1.58M	1.1M
(Gain) Loss From Sale Of Asset	-635K	-157K	405K	3.26M	917K
(Gain) Loss on Sale of Investments - (CF)	-	-13.05M	-	-	-
Asset Writedown & Restructuring Costs	75K	-21.51M	-213K	-433K	-71K
(Income) Loss On Equity Investments - (CF)	-	-1.07M	-	-	-
Other Operating Activities, Total	4.28M	6.83M	5.42M	3.62M	8.03M
Change In Accounts Receivable	1.52M	-33.71M	22.55M	-12.16M	-5.43M
Change In Inventories	-2.54M	-2.15M	-9.51M	-15.99M	10.24M
Change In Accounts Payable	-24K	20.28M	-26.22M	5.09M	1.56M
Change in Other Net Operating Assets	288K	-447K	-168K	-4.42M	9M
Cash from Operations	23.86M	14.46M	26.48M	6.11M	51.24M
Capital Expenditure	-9.54M	-9.04M	-11.79M	-15.82M	-17.53M
Sale of Property, Plant, and Equipment	630K	-	-	192K	462K
Cash Acquisitions	-	-24.9M	-31K	-360K	-24.1M
Sale (Purchase) of Intangible assets	-1.66M	-1.83M	-2.59M	-2.62M	-2.72M
Investment in Marketable and Equity Securities, Total	429K	1.45M	235K	124K	-544K
Other Investing Activities, Total	-	-	-	1K	-
Cash from Investing	-10.14M	-34.3M	-14.17M	-18.49M	-44.44M
Long-Term Debt Issued, Total	12.36M	43.63M	45.57M	27.84M	121M
Total Debt Issued	12.36M	43.63M	45.57M	27.84M	121M
Long-Term Debt Repaid, Total	-16.52M	-16.01M	-49.8M	-29.91M	-99.97M
Total Debt Repaid	-16.52M	-16.01M	-49.8M	-29.91M	-99.97M
Issuance of Common Stock	-	3.33M	-	-	-
Repurchase of Common Stock	-	-	-	-493K	-57K
Common Dividends Paid	-1.37M	-	-1M	-2.95M	-1.67M
Common & Preferred Stock Dividends Paid	-1.37M	-	-1M	-2.95M	-1.67M
Other Financing Activities, Total	-2.98M	-3.11M	-3.78M	-3.4M	-8.84M
Cash from Financing	-8.51M	27.84M	-9.01M	-8.92M	10.06M
Foreign Exchange Rate Adjustments	74K	-607K	935K	437K	-307K
Miscellaneous Cash Flow Adjustments	-1K	101K	-20K	55K	-
Net Change in Cash	5.29M	7.49M	4.2M	-20.81M	16.55M
Supplemental Items
Cash Interest Paid	2.99M	3.11M	3.73M	3.52M	8.02M
Cash Income Tax Paid (Refund)	2.23M	3.42M	4.22M	6.73M	9.6M
Levered Free Cash Flow	8.69M	-10.81M	7.13M	-15.67M	24.49M
Unlevered Free Cash Flow	10.56M	-8.87M	9.49M	-13.47M	29.51M
Change In Net Working Capital	137K	25.19M	9.72M	24.91M	-13.72M
Net Debt Issued / Repaid	-4.16M	27.62M	-4.23M	-2.07M	20.63M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.03	4.89	4.7	3.19	4.31
Return on Total Capital	6.55	6.44	6.01	3.9	5.27
Return On Equity %	11.84	46.92	12.76	5.81	4.79
Return on Common Equity	11.88	46.91	12.62	5.75	4.74
Margin Analysis
Gross Profit Margin %	42.21	44.61	38.51	33.96	37.55
SG&A Margin	29.75	29.79	25.76	24.18	26.66
EBITDA Margin %	9.67	14.19	11.36	8.35	9.74
EBITA Margin %	6.94	9.11	7.17	4.51	5.91
EBIT Margin %	6.61	8.63	6.83	4.18	5.58
Income From Continuing Operations Margin %	3.7	18.79	4.51	1.98	1.54
Net Income Margin %	3.7	18.73	4.44	1.95	1.51
Net Avail. For Common Margin %	3.7	18.73	4.44	1.95	1.51
Normalized Net Income Margin	3.11	4.22	3.7	2.05	2.15
Levered Free Cash Flow Margin	3.77	-4.47	1.96	-3.76	5.36
Unlevered Free Cash Flow Margin	4.58	-3.67	2.62	-3.23	6.46
Asset Turnover
Asset Turnover	1.22	0.91	1.1	1.22	1.24
Fixed Assets Turnover	4.41	3.09	3.74	4.04	4.14
Receivables Turnover (Average Receivables)	6.07	4.05	4.9	5.76	5.58
Inventory Turnover (Average Inventory)	5.42	4.35	5.62	5.39	5.33
Short Term Liquidity
Current Ratio