Cash flow Dogus Otomotiv Servis ve Ticaret

Equities

DOAS

TREDOTO00013

Auto Vehicles, Parts & Service Retailers

Market Closed - Borsa Istanbul Other stock markets 11:09:39 2024-09-13 EDT			5-day change	1st Jan Change
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08-29	Transcript : Dogus Otomotiv Servis ve Ticaret A.S., Q2 2024 Earnings Call, Aug 29, 2024
08-28	Dogus Otomotiv Servis ve Ticaret A.S. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI

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Published financial data: DOGUS OTOMOTIV SERVIS VE TICARET

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	9.84B	18.9B	24.31B	46.78B	149B
Total Revenues	9.84B	18.9B	24.31B	46.78B	149B
Cost of Goods Sold, Total	8.6B	16.46B	20.83B	36.34B	117B
Gross Profit	1.24B	2.44B	3.48B	10.44B	31.89B
Selling General & Admin Expenses, Total	768M	938M	1.27B	2.88B	8.4B
Other Operating Expenses	-4.7M	25.75M	-14.49M	111M	-1.95B
Other Operating Expenses, Total	763M	964M	1.26B	2.99B	6.45B
Operating Income	479M	1.48B	2.22B	7.45B	25.44B
Interest Expense, Total	-550M	-384M	-550M	-630M	-1.71B
Interest And Investment Income	117M	63.75M	86.59M	333M	1.37B
Net Interest Expenses	-433M	-320M	-463M	-297M	-342M
Income (Loss) On Equity Invest.	143M	248M	441M	1.03B	3.92B
Currency Exchange Gains (Loss)	-61.56M	-43.16M	874M	442M	-2.67B
Other Non Operating Income (Expenses)	-70.28M	-74.8M	-105M	-114M	-479M
EBT, Excl. Unusual Items	56.84M	1.29B	2.97B	8.52B	25.87B
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Insurance Settlements	3.02M	5.26M	9.57M	15.25M	41.22M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-2.62M	-4.42M	-6.01M	-11.64M	-31.31M
EBT, Incl. Unusual Items	57.23M	1.29B	2.97B	8.52B	25.88B
Income Tax Expense	-19.52M	246M	633M	673M	6.12B
Earnings From Continuing Operations	76.76M	1.04B	2.34B	7.85B	19.76B
Net Income to Company	76.76M	1.04B	2.34B	7.85B	19.76B
Minority Interest	-982K	-4.54M	-4.48M	-23.89M	-140M
Net Income - (IS)	75.78M	1.04B	2.33B	7.82B	19.62B
Net Income to Common Incl Extra Items	75.78M	1.04B	2.33B	7.82B	19.62B
Net Income to Common Excl. Extra Items	75.78M	1.04B	2.33B	7.82B	19.62B
Per Share Items
Net EPS - Basic	0.38	5.24	11.78	39.41	95.59
Basic EPS - Continuing Operations	0.38	5.24	11.78	39.41	95.59
Basic Weighted Average Shares Outstanding	198M	198M	198M	199M	205M
Net EPS - Diluted	0.38	5.24	11.78	39.41	95.59
Diluted EPS - Continuing Operations	0.38	5.24	11.78	39.41	95.59
Diluted Weighted Average Shares Outstanding	198M	198M	198M	199M	205M
Normalized Basic EPS	0.17	4.04	9.34	26.7	78.09
Normalized Diluted EPS	0.17	4.04	9.34	26.7	78.09
Dividend Per Share	0.62	2.73	5.68	13.18	57.95
Payout Ratio	178.15	-	25.73	24.73	33.85
Supplemental Items
EBITDA	569M	1.57B	2.36B	7.69B	26.54B
EBITA	503M	1.5B	2.26B	7.52B	25.71B
EBIT	479M	1.48B	2.22B	7.45B	25.44B
EBITDAR	571M	1.57B	2.36B	7.69B	-
Effective Tax Rate - (Ratio)	-34.11	19.09	21.31	7.9	23.64
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	9.66M	216M	633M	1.66B	5.92B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-29.19M	29.55M	-503K	-984M	198M
Normalized Net Income	34.54M	800M	1.85B	5.3B	16.03B
Interest on Long-Term Debt	84.16M	82.19M	81.06M	36.19M	33.01M
Non-Cash Pension Expense	3.49M	4.76M	9.7M	5.43M	-
Supplemental Operating Expense Items
Advertising Expense	68.66M	57.91M	103M	187M	630M
Marketing Expenses	293M	307M	464M	1.03B	3.15B
Selling and Marketing Expenses	362M	365M	567M	1.22B	3.78B
General and Administrative Expenses	405M	571M	704M	1.66B	4.62B
Net Rental Expense, Total	1.32M	1.53M	1.92M	1.13M	-
Imputed Operating Lease Interest Expense	2.25M	1.95M	3.11M	2.03M	-
Imputed Operating Lease Depreciation	-933K	-418K	-1.19M	-896K	-
Maintenance & Repair Expenses, Total	27.56M	33.97M	44.44M	81.31M	240M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	648M	656M	3.41B	3.37B	7.64B
Trading Asset Securities, Total	-	-	-	2.03B	1.26B
Total Cash And Short Term Investments	648M	656M	3.41B	5.4B	8.9B
Accounts Receivable, Total	745M	1.05B	1.01B	3.33B	12.88B
Other Receivables	145M	104M	150M	181M	511M
Notes Receivable	-	-	-	-	-
Total Receivables	890M	1.15B	1.16B	3.51B	13.39B
Inventory	936M	2.75B	1.97B	4.27B	10.65B
Prepaid Expenses	31.48M	25.73M	36.6M	84.47M	150M
Other Current Assets, Total	9.04M	17.88M	6.48M	29.86M	123M
Total Current Assets	2.51B	4.6B	6.58B	13.3B	33.21B
Gross Property Plant And Equipment	1.28B	1.33B	1.58B	2.69B	13.83B
Accumulated Depreciation	-320M	-357M	-373M	-527M	-2.05B
Net Property Plant And Equipment	959M	977M	1.21B	2.17B	11.79B
Long-term Investments	1.01B	1.35B	1.71B	4.03B	11.89B
Other Intangibles, Total	34.39M	55.41M	89.64M	155M	519M
Deferred Tax Assets Long-Term	26.4M	5.52M	22.64M	913M	107M
Other Long-Term Assets, Total	117M	125M	142M	106M	10.35B
Total Assets	4.66B	7.12B	9.75B	20.67B	67.87B
Liabilities
Accounts Payable, Total	628M	1.62B	1.02B	2.98B	6.92B
Accrued Expenses, Total	182M	484M	409M	1.25B	3.18B
Short-term Borrowings	2.14B	2.1B	2.71B	2.18B	2.57B
Current Portion of Long-Term Debt	27.75M	19.47M	181M	142M	1.98B
Current Portion of Leases	36.11M	36.43M	51.08M	48.07M	40.76M
Current Income Taxes Payable	6.44M	28.09M	260M	343M	189M
Unearned Revenue Current, Total	24.1M	43.66M	59.27M	261M	724M
Other Current Liabilities	50.94M	142M	397M	1.14B	2.83B
Total Current Liabilities	3.09B	4.47B	5.09B	8.35B	18.45B
Long-Term Debt	154M	162M	-	86.9M	6.14B
Long-Term Leases	81.66M	72.54M	90.67M	135M	41.67M
Unearned Revenue Non Current	6.09M	14.22M	35.28M	104M	414M
Pension & Other Post Retirement Benefits	50.28M	56.2M	72.22M	193M	190M
Deferred Tax Liability Non Current	-	7.15M	35.57M	-	562M
Other Non Current Liabilities	26.75M	42.41M	70.44M	95.18M	221M
Total Liabilities	3.41B	4.82B	5.39B	8.96B	26.02B
Common Stock, Total	220M	220M	220M	220M	220M
Additional Paid In Capital	-	-	-	63.86M	2.41B
Retained Earnings	765M	1.8B	3.59B	9.39B	38.54B
Treasury Stock	-220M	-220M	-220M	-215M	-411M
Comprehensive Income and Other	480M	485M	757M	2.21B	584M
Total Common Equity	1.25B	2.29B	4.35B	11.67B	41.34B
Minority Interest	7.29M	8.78M	13.26M	37.14M	507M
Total Equity	1.25B	2.3B	4.36B	11.71B	41.85B
Total Liabilities And Equity	4.66B	7.12B	9.75B	20.67B	67.87B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	198M	198M	198M	199M	214M
ECS Total Common Shares Outstanding	198M	198M	198M	199M	214M
Book Value / Share	6.29	11.55	21.97	58.78	193.25
Tangible Book Value	1.21B	2.23B	4.26B	11.51B	40.82B
Tangible Book Value Per Share	6.12	11.27	21.52	58	190.82
Total Debt	2.44B	2.39B	3.03B	2.59B	10.78B
Net Debt	1.79B	1.73B	-381M	-2.81B	1.88B
Debt Equivalent Oper. Leases	10.54M	12.23M	15.32M	9.05M	-
Minority Interest, Total (Incl. Fin. Div)	7.29M	8.78M	13.26M	37.14M	507M
Equity Method Investments, Total	452M	791M	880M	1.68B	8.51B
Account Code - Inventory Valuation	8	8	8	8	8
Inventories - Finished Goods, Total	942M	2.76B	1.98B	4.28B	10.73B
Land - (BS)	286M	286M	286M	286M	4.11B
Buildings, Total	396M	398M	417M	615M	4.32B
Machinery, Total	301M	404M	614M	1.39B	4.67B
Full Time Employees	2.27K	2.13K	2.16K	2.13K	2.07K
Accumulated Allowance for Doubtful Accounts (Supple)	2.7M	5.66M	5.57M	5.3M	20.72M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	75.78M	1.04B	2.33B	7.82B	19.62B
Depreciation & Amortization - CF	102M	103M	141M	231M	944M
Amortization of Goodwill and Intangible Assets - (CF)	24.05M	27.46M	40.65M	66.47M	271M
Depreciation & Amortization, Total	126M	131M	182M	298M	1.22B
(Gain) Loss From Sale Of Asset	-21.12M	-14M	-31.82M	-30.3M	30.59M
(Gain) Loss on Sale of Investments - (CF)	-22.26M	-	-	-213M	-662M
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-143M	-248M	-441M	-1.03B	-3.92B
Provision and Write-off of Bad Debts	972K	2.96M	-27K	111K	874K
Other Operating Activities, Total	541M	449M	1.12B	487M	-8.56B
Change In Accounts Receivable	-103M	-307M	36.36M	-2.32B	-7.34B
Change In Inventories	428M	-1.82B	783M	-2.3B	-3.57B
Change In Accounts Payable	159M	1.14B	-623M	2.36B	2.44B
Change in Unearned Revenues	9.37M	27.69M	36.67M	180M	456M
Change in Other Net Operating Assets	257M	271M	-126M	-1.46B	2.89B
Cash from Operations	1.31B	673M	3.27B	3.79B	2.61B
Capital Expenditure	-44.57M	-142M	-330M	-1.09B	-1.51B
Sale of Property, Plant, and Equipment	49.16M	25.35M	56.96M	48.26M	1.12B
Divestitures	-	-	-	-	-
Sale (Purchase) of Real Estate properties	-	-212K	-410K	-914K	-3.3M
Sale (Purchase) of Intangible assets	-22.72M	-47.92M	-73.6M	-131M	-370M
Investment in Marketable and Equity Securities, Total	-3.41M	-103M	-	-3.37M	-5.63B
Other Investing Activities, Total	104M	11.77M	367M	301M	1.24B
Cash from Investing	82.9M	-255M	19.87M	-873M	-5.16B
Long-Term Debt Issued, Total	2.16B	669M	2.6B	2.31B	5.52B
Total Debt Issued	2.16B	669M	2.6B	2.31B	5.52B
Long-Term Debt Repaid, Total	-2.61B	-749M	-2.14B	-2.88B	-2.57B
Total Debt Repaid	-2.61B	-749M	-2.14B	-2.88B	-2.57B
Issuance of Common Stock	-	-	-	-	4.04B
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-135M	-	-600M	-1.94B	-6.64B
Common & Preferred Stock Dividends Paid	-135M	-	-600M	-1.94B	-6.64B
Other Financing Activities, Total	-520M	-326M	-395M	-472M	-617M
Cash from Financing	-1.11B	-406M	-537M	-2.97B	-262M
Foreign Exchange Rate Adjustments	-1.87M	-4.65M	1.95M	14.08M	-37.34M
Miscellaneous Cash Flow Adjustments	-	-	-	-	4.92B
Net Change in Cash	282M	7.26M	2.75B	-43.43M	2.07B
Supplemental Items
Cash Interest Paid	594M	372M	450M	631M	1.32B
Cash Income Tax Paid (Refund)	-19.71M	186M	402M	1.57B	7.38B
Levered Free Cash Flow	778M	-32.44M	1.43B	2.44B	6.78B
Unlevered Free Cash Flow	1.12B	208M	1.77B	2.84B	7.85B
Change In Net Working Capital	-764M	657M	-607M	900M	7.38B
Net Debt Issued / Repaid	-452M	-80.31M	459M	-567M	2.95B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.33	15.67	16.44	30.63	27.07
Return on Total Capital	7.77	22.05	22.97	42.95	34.78
Return On Equity %	6	58.73	70.16	97.67	53.8
Return on Common Equity	5.95	58.74	70.26	97.68	54.06
Margin Analysis
Gross Profit Margin %	12.62	12.92	14.31	22.33	21.37
SG&A Margin	7.8	4.96	5.24	6.16	5.63
EBITDA Margin %	5.79	8.32	9.69	16.45	17.78
EBITA Margin %	5.11	7.96	9.3	16.08	17.23
EBIT Margin %	4.87	7.82	9.13	15.93	17.05
Income From Continuing Operations Margin %	0.78	5.51	9.61	16.78	13.24
Net Income Margin %	0.77	5.49	9.59	16.72	13.15
Net Avail. For Common Margin %	0.77	5.49	9.59	16.72	13.15
Normalized Net Income Margin	0.35	4.23	7.61	11.33	10.74
Levered Free Cash Flow Margin	7.91	-0.17	5.88	5.22	4.54
Unlevered Free Cash Flow Margin	11.4	1.1	7.29	6.07	5.26
Asset Turnover
Asset Turnover	2.08	3.21	2.88	3.08	2.54
Fixed Assets Turnover	10.14	19.53	22.28	27.75	14.35
Receivables Turnover (Average Receivables)