Cash flow FSDV

Stocks

FSDV

FR0000031973

Appliances, Tools & Housewares

Market Closed - Euronext Paris 11:55:00 2026-09-21 EDT			5-day change	1st Jan Change
17.80 ^EUR	-1.11%		-2.73%	-2.20%

06-29	Invest Securities Stays Neutral on Property Company FSDV After Results
06-11	Invest Securities maintains neutral stance on real estate firm FSDV

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Published financial data: FSDV

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Rental Revenues	52.42M	54.85M	59.32M	63.22M	65.31M
Property Management Fee	1.64M	1.58M	1.61M	1.76M	1.95M
Other Revenues, Total	34.16M	19.14M	42.5M	25.14M	29.04M
Total Revenues	88.22M	75.58M	103M	90.13M	96.3M
Property Expenses	35M	21.46M	42.28M	28.48M	27.48M
Selling General & Admin Expenses, Total	7.11M	9.61M	18.39M	14.77M	11.08M
Depreciation & Amortization - (IS) - (Collected)	1.3M	2.18M	2.56M	5.06M	6.27M
Other Operating Expenses	10.36M	7.78M	2.72M	9.27M	11.1M
Total Operating Expenses	53.77M	41.03M	65.96M	57.59M	55.93M
Operating Income (REIT / Utility Template)	34.45M	34.55M	37.48M	32.54M	40.36M
Interest Expense, Total	-11.93M	-12.38M	-20.46M	-22.41M	-22.44M
Interest and Investment Income	144K	193K	631K	1.23M	907K
Net Interest Expenses	-11.79M	-12.18M	-19.83M	-21.18M	-21.54M
Other Non Operating Income (Expenses)	-3.28M	1.54M	3.17M	675K	578K
EBT, Excl. Unusual Items	19.38M	23.9M	20.82M	12.04M	19.41M
Impairment of Goodwill	-	-	-	-20.87M	-726K
Gain (Loss) on Sale of Assets	1.14M	94K	298K	-1.14M	10.39M
Asset Writedown	58.71M	7.72M	-61.53M	-58.96M	-2.83M
Other Unusual Items	-255K	412K	-1.48M	1.5M	-
EBT, Incl. Unusual Items	78.98M	32.13M	-41.9M	-67.44M	26.24M
Income Tax Expense	16.06M	1.44M	-7.73M	-18.88M	2.32M
Earnings From Continuing Operations	62.92M	30.69M	-34.17M	-48.55M	23.92M
Net Income to Company	62.92M	30.69M	-34.17M	-48.55M	23.92M
Minority Interest	-3.63M	-7K	-2K	-	-2.23M
Net Income - (IS)	59.3M	30.68M	-34.17M	-48.55M	21.69M
Net Income to Common Incl Extra Items	59.3M	30.68M	-34.17M	-48.55M	21.69M
Net Income to Common Excl. Extra Items	59.3M	30.68M	-34.17M	-48.55M	21.69M
Per Share Items
Net EPS - Basic	296.48	153.4	-170.86	-242.76	2.94
Basic EPS - Continuing Operations	296.48	153.4	-170.86	-242.76	2.94
Basic Weighted Average Shares Outstanding	200K	200K	200K	200K	7.38M
Net EPS - Diluted	296.48	153.4	-170.86	-242.76	2.94
Diluted EPS - Continuing Operations	296.48	153.4	-170.86	-242.76	2.94
Diluted Weighted Average Shares Outstanding	200K	200K	200K	200K	7.38M
Normalized Basic EPS	42.43	74.66	65.05	37.62	1.34
Normalized Diluted EPS	42.43	74.66	65.05	37.62	1.34
Dividend Per Share	-	-	-	-	0.28
Payout Ratio	2.02	3.91	-7.32	-5.15	18.44
Supplemental Items
EBITDA	34.93M	35.54M	42.04M	36.18M	44.14M
EBITA	34.45M	34.55M	39.64M	32.88M	40.36M
EBIT	34.45M	34.55M	37.48M	32.54M	40.36M
Effective Tax Rate - (Ratio)	20.33	4.48	18.45	28	8.84
Total Current Taxes	12.62M	205K	1.94M	-187K	-
Total Deferred Taxes	4.02M	1.72M	-9.36M	-18.27M	-
Normalized Net Income	8.49M	14.93M	13.01M	7.52M	9.89M
Supplemental Operating Expense Items
General and Administrative Expenses	7.11M	9.61M	-	-	-

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Assets
Gross Property Plant And Equipment	912M	941M	921M	869M	905M
Accumulated Depreciation	-3.43M	-5.2M	-7.27M	-10.68M	-13.5M
Net Property Plant And Equipment	909M	936M	914M	858M	891M
Total Real Estate Assets	909M	936M	914M	858M	891M
Cash And Equivalents	27.67M	12.42M	17.62M	15.01M	17.44M
Accounts Receivable, Total	16.86M	18.85M	30.72M	25.17M	26.51M
Other Receivables	8.48M	8.89M	11.41M	8.31M	6.33M
Investment In Debt and Equity Securities	100K	310K	300K	3.42M	2.24M
Goodwill	-	-	20.87M	-	645K
Other Intangibles, Total	159K	86K	1.05M	796K	804K
Other Current Assets, Total	25.68M	23.44M	18.83M	22.73M	32.22M
Deferred Tax Assets Long-Term (Collected)	2.37M	4.98M	3.12M	926K	7.3M
Other Long-Term Assets, Total	3.6M	3.62M	13.6M	11.29M	10.53M
Total Assets	994M	1.01B	1.03B	946M	995M
Liabilities
Current Portion of Long-Term Debt	37.18M	38.04M	90.45M	45.62M	82.11M
Current Portion of Leases	2.62M	2.62M	526K	511K	490K
Short-Term Borrowings	5.91M	5.91M	-	-	-
Long-Term Debt	334M	361M	365M	396M	381M
Long-Term Leases	7.85M	7.62M	9.61M	9.1M	9.06M
Accounts Payable, Total	12.42M	12.1M	18.31M	18.45M	11.21M
Accrued Expenses, Total	522K	697K	1.79M	2.1M	2.06M
Current Income Taxes Payable	18.43M	7.9M	10.22M	8.27M	8.89M
Unearned Revenue, Current	-	16.49M	19.43M	18.78M	19.13M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	22.48M	6.2M	8.85M	10.88M	9.78M
Pension & Other Post Retirement Benefits	49K	53K	299K	266K	281K
Deferred Tax Liability Non-Current	123M	127M	115M	94.68M	104M
Other Non Current Liabilities	1K	-1K	8.95M	9.12M	9.42M
Total Liabilities	565M	587M	648M	614M	637M
Common Stock, Total	30K	30K	30K	30K	28K
Additional Paid In Capital	-	-	-	-	2.6M
Retained Earnings	59.3M	30.68M	-34.17M	-48.55M	21.69M
Comprehensive Income and Other	339M	392M	418M	381M	305M
Total Common Equity	399M	422M	383M	332M	330M
Minority Interest	30.3M	27K	29K	-	28.48M
Total Equity	429M	422M	383M	332M	358M
Total Liabilities And Equity	994M	1.01B	1.03B	946M	995M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	200K	200K	200K	200K	14.43M
ECS Total Common Shares Outstanding	200K	200K	200K	200K	14.43M
Book Value / Share	1.99K	2.11K	1.92K	1.66K	22.84
Tangible Book Value	398M	422M	361M	331M	328M
Tangible Book Value Per Share	1.99K	2.11K	1.81K	1.66K	22.74
Total Debt	388M	416M	465M	451M	473M
Net Debt	360M	403M	448M	436M	455M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	53K	299K	266K	281K
Minority Interest, Total (Incl. Fin. Div)	30.3M	27K	29K	-	28.48M
Account Code - Inventory Valuation	-	3	3	3	3
Inventories - Raw Materials, Total	-	-	988K	981K	883K
Inventories - Finished Goods, Total	2.63M	1.6M	297K	-	-
Buildings, Total	-	-	14.36M	14.36M	14.44M
Machinery, Total	5.24M	9.24M	15.54M	17.07M	17.6M
Full Time Employees	-	82	203	244	191
Accumulated Allowance for Doubtful Accounts (Supple)	740K	1.05M	2.46M	3.58M	6.57M

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Net Income	59.3M	30.68M	-34.17M	-48.55M	21.69M
Depreciation, Depletion & Amortization	1.28M	1.79M	3M	3.9M	4.37M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	2.16M	333K	-
Total Depreciation, Depletion & Amortization	1.28M	1.79M	5.16M	4.23M	4.37M
Amortization of Deferred Charges, Total	76K	77K	122K	245K	291K
(Gain) Loss On Sale of Asset - (CF)	1.42M	179K	-82K	183K	-10.39M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-20K	-
Total Asset Writedown	-55.67M	-9.58M	40.08M	79.84M	3.55M
Change in Accounts Receivable	4.87M	705K	-8.4M	10.21M	-
Change In Inventories	8.86M	1.02M	1.21M	304K	-
Change in Other Net Operating Assets (Collected)	-30.98M	-1.81M	-6.92M	-5.55M	-10.11M
Other Operating Activities	31.31M	3.47M	12.58M	3.16M	26.7M
Cash from Operations	20.47M	26.54M	9.58M	44.04M	36.1M
Acquisition of Real Estate Assets, Total	-73.92M	-33.26M	-37.23M	-46.72M	-54.68M
Sale of Real Estate Assets, Total	103M	10.91M	34.41M	34.96M	27.91M
Net Sale / Acquisition of Real Estate Assets	28.96M	-22.34M	-2.82M	-11.76M	-26.77M
Purchase / Sale of Intangible Assets	-	-	-	-	-294K
Investment in Marketable and Equity Securities, Total	7K	7K	-11.58M	-	706K
Other Investing Activities, Total	-	-5K	-14.34M	-	-8.37M
Cash from Investing	28.97M	-22.34M	-28.74M	-11.76M	-34.73M
Long-Term Debt Issued, Total	49.92M	99.5M	159M	112M	67.71M
Total Debt Issued	49.92M	99.5M	159M	112M	67.71M
Short Term Debt Repaid, Total	-20K	-	-	-	-
Long-Term Debt Repaid, Total	-71.06M	-67.74M	-112M	-123M	-51.55M
Total Debt Repaid	-71.08M	-67.74M	-112M	-123M	-51.55M
Issuance of Common Stock	-	-	-	-	11.49M
Common Dividends Paid	-1.2M	-1.2M	-2.5M	-2.5M	-4M
Common & Preferred Stock Dividends Paid	-1.2M	-1.2M	-2.5M	-2.5M	-4M
Other Financing Activities, Total	-14.58M	-50.01M	-19.25M	-20.61M	-22.59M
Cash from Financing	-36.93M	-19.45M	24.34M	-34.93M	1.06M
Miscellaneous Cash Flow Adjustments	-2K	1K	25K	22K	-2K
Net Change in Cash	12.51M	-15.25M	5.2M	-2.62M	2.43M
Supplemental Items
Cash Interest Paid	9.76M	10.34M	17.12M	20.9M	22.4M
Cash Income Tax Paid (Refund)	-66K	10.06M	2.58M	31K	9K
Net Debt Issued / Repaid	-21.15M	31.76M	46.09M	-11.82M	16.16M
Levered Free Cash Flow	-	486K	17.86M	12.55M	-2.16M
Unlevered Free Cash Flow	-	8.22M	30.65M	26.55M	11.86M
Change In Net Working Capital	-	10.64M	-5.44M	-4.63M	16.28M

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Profitability
Return on Assets	-	2.16	2.3	2.06	2.6
Return on Total Capital	-	2.61	2.78	2.49	3.13
Return On Equity %	-	7.21	-8.48	-13.57	6.93
Return on Common Equity	-	7.47	-8.48	-13.57	6.56
Margin Analysis
Gross Profit Margin %	60.33	71.61	59.12	68.4	71.46
SG&A Margin	14.62	20.36	29	26.32	22
EBITDA Margin %	39.59	47.02	40.65	40.14	45.84
EBITA Margin %	39.05	45.71	38.33	36.48	41.92
EBIT Margin %	39.05	45.71	36.23	36.11	41.92
Income From Continuing Operations Margin %	71.32	40.6	-33.03	-53.87	24.84
Net Income Margin %	67.21	40.59	-33.04	-53.87	22.52
Net Avail. For Common Margin %	67.21	40.59	-33.04	-53.87	22.52
Normalized Net Income Margin	9.62	19.76	12.58	8.35	10.28
Levered Free Cash Flow Margin	-	0.64	17.27	13.92	-2.25
Unlevered Free Cash Flow Margin	-	10.88	29.63	29.46	12.32
Asset Turnover
Asset Turnover	-	0.08	0.1	0.09	0.1
Fixed Assets Turnover	-	0.08	0.11	0.1	0.11
Receivables Turnover (Average Receivables)	-	3.16	2.46	2.33	2.6
Inventory Turnover (Average Inventory)	-	10.15	29.28	25.14	29.49
Short Term Liquidity
Current Ratio	0.79	0.71	0.53	0.68	0.62
Quick Ratio	0.53	0.45	0.4	0.46	0.38
Operating Cash Flow to Current Liabilities	0.21	0.3	0.06	0.42	0.27
Days Sales Outstanding (Average Receivables)	-	115.47	148.45	157.37	140.23
Days Outstanding Inventory (Average Inventory)	-	35.97	12.46	14.56	12.38
Average Days Payable Outstanding	-	219.01	132.25	238.75	197.64
Cash Conversion Cycle (Average Days)	-	-67.57	28.66	-66.82	-45.03
Long Term Solvency
Total Debt/Equity	90.4	98.41	121.33	135.9	132.07
Total Debt / Total Capital	47.48	49.6	54.82	57.61	56.91
LT Debt/Equity	79.74	87.38	97.6	122.01	109
Long-Term Debt / Total Capital	41.88	44.04	44.1	51.72	46.97
Total Liabilities / Total Assets	56.85	58.13	62.84	64.89	64.03
EBIT / Interest Expense	2.89	2.79	1.83	1.45	1.8
EBITDA / Interest Expense	2.99	2.94	2.08	1.64	1.99
(EBITDA - Capex) / Interest Expense	2.76	2.56	1.91	1.51	1.93
Total Debt / EBITDA	10.85	11.44	10.91	12.27	10.57
Net Debt / EBITDA	10.08	11.1	10.5	11.87	10.18
Total Debt / (EBITDA - Capex)	11.76	13.1	11.89	13.32	10.92
Net Debt / (EBITDA - Capex)	10.92	12.71	11.44	12.88	10.52
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-14.33	36.86	-12.87	6.84
Gross Profit, 1 Yr. Growth %	-	1.68	12.99	0.81	11.62
EBITDA, 1 Yr. Growth %	-	1.73	18.32	-13.95	22
EBITA, 1 Yr. Growth %	-	0.28	14.75	-17.07	22.78
EBIT, 1 Yr. Growth %	-	0.28	8.49	-13.17	24.03
Earnings From Cont. Operations, 1 Yr. Growth %	-	-51.23	-211.35	42.09	-149.27
Net Income, 1 Yr. Growth %	-	-48.26	-211.38	42.08	-144.67
Diluted EPS Before Extra, 1 Yr. Growth %	-	-48.26	-211.38	42.08	-101.21
Normalized Net Income, 1 Yr. Growth %	-	75.98	-12.87	-42.16	31.5
Net Property, Plant and Equip., 1 Yr. Growth %	-	3.01	-2.36	-6.11	3.84
Inventory, 1 Yr. Growth %	-	-38.96	-19.84	-23.66	-9.99
Accounts Receivable, 1 Yr. Growth %	-	11.79	62.98	-18.06	5.34
Total Assets, 1 Yr. Growth %	-	1.51	2.27	-8.31	5.21
Common Equity, 1 Yr. Growth %	-	5.96	-9.22	-13.37	-0.78
Tangible Book Value, 1 Yr. Growth %	-	5.98	-14.39	-8.34	-0.98
Cash From Operations, 1 Yr. Growth %	-	29.61	-63.9	359.74	-18.04
Capital Expenditures, 1 Yr. Growth %	-	65.84	-24.01	-17.27	-49.88
Levered Free Cash Flow, 1 Yr. Growth %	-	-	3.57K	-29.75	-117.23
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	272.81	-13.36	-55.32
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	8.28	9.2	-3.51
Gross Profit, 2 Yr. CAGR %	-	-	7.19	6.73	6.08
EBITDA, 2 Yr. CAGR %	-	-	9.71	0.9	2.46
EBITA, 2 Yr. CAGR %	-	-	7.27	-2.45	0.9
EBIT, 2 Yr. CAGR %	-	-	4.31	-2.94	3.78
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-26.31	25.78	-16.33
Net Income, 2 Yr. CAGR %	-	-	-24.09	25.8	-20.33
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-24.09	25.8	-86.89
Normalized Net Income, 2 Yr. CAGR %	-	-	23.82	-29.01	-12.79
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	0.29	-4.25	-1.26
Inventory, 2 Yr. CAGR %	-	-	-30.05	-21.77	-17.1
Accounts Receivable, 2 Yr. CAGR %	-	-	34.98	15.56	-7.1
Total Assets, 2 Yr. CAGR %	-	-	1.89	-3.16	-1.78
Common Equity, 2 Yr. CAGR %	-	-	-1.92	-11.32	-7.29
Tangible Book Value, 2 Yr. CAGR %	-	-	-4.75	-11.42	-4.73
Cash From Operations, 2 Yr. CAGR %	-	-	-31.6	28.83	94.11
Capital Expenditures, 2 Yr. CAGR %	-	-	12.26	-20.71	-35.61
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	408.01	-65.21
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	79.72	-37.78
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	0.72	8.41
Gross Profit, 3 Yr. CAGR %	-	-	-	5.02	8.34
EBITDA, 3 Yr. CAGR %	-	-	-	1.18	7.49
EBITA, 3 Yr. CAGR %	-	-	-	-1.55	5.32
EBIT, 3 Yr. CAGR %	-	-	-	-1.88	5.32
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-8.28	-7.97
Net Income, 3 Yr. CAGR %	-	-	-	-6.45	-10.92
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-6.45	-73.25
Normalized Net Income, 3 Yr. CAGR %	-	-	-	-3.93	-12.82
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	-1.89	-1.63
Inventory, 3 Yr. CAGR %	-	-	-	-27.98	-18.03
Accounts Receivable, 3 Yr. CAGR %	-	-	-	14.29	12.05
Total Assets, 3 Yr. CAGR %	-	-	-	-1.63	-0.45
Common Equity, 3 Yr. CAGR %	-	-	-	-5.9	-7.94
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-5.96	-8.07
Cash From Operations, 3 Yr. CAGR %	-	-	-	29.09	10.8
Capital Expenditures, 3 Yr. CAGR %	-	-	-	1.4	-31.95
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	64.45
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	13