Income Statement Hilton Food Group plc

Equities

HFG

GB00B1V9NW54

Food Processing

Real-time Estimate Cboe Europe Other stock markets 10:31:11 2024-09-17 EDT			5-day change	1st Jan Change
899.00 ^GBX	-0.22%		-0.30%	+12.17%

09-05	UBS raises Sage Group to 'neutral'	AN
09-04	FTSE 100 remains red ahead of US data	AN

87f36.5BZ3r9heePo_HTkjY2LWc40x0dKM-8b8OJlCJzvs9Xw.1XkB2e8xEYBgdUBBDgqkArtZoJbllZCaQNsxXQm7w1GMVDvgvmYLwmgtTg

Published financial data: HILTON FOOD GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.81B	2.77B	3.3B	3.85B	3.99B
Total Revenues	1.81B	2.77B	3.3B	3.85B	3.99B
Cost of Goods Sold, Total	1.57B	2.45B	2.94B	3.46B	3.56B
Gross Profit	248M	322M	366M	383M	430M
Selling General & Admin Expenses, Total	199M	260M	298M	318M	341M
Other Operating Expenses, Total	199M	260M	298M	318M	341M
Operating Income	49.36M	61.84M	68.56M	64.69M	89.42M
Interest Expense, Total	-12.71M	-12.86M	-14.91M	-24.77M	-38.06M
Interest And Investment Income	96K	22K	10K	356K	571K
Net Interest Expenses	-12.61M	-12.84M	-14.9M	-24.41M	-37.49M
Income (Loss) On Equity Invest.	6.41M	5.03M	1.92M	1.24M	585K
Currency Exchange Gains (Loss)	-	-	-	-	-
EBT, Excl. Unusual Items	43.16M	54.03M	55.58M	41.51M	52.51M
Restructuring Charges	-	-	-	-3.89M	-5.18M
Merger & Related Restructuring Charges	-	-	-2.23M	-1.2M	-
Gain (Loss) On Sale Of Assets	-	-	-2.24M	-	-
Asset Writedown	-	-	-6.38M	-	-755K
Insurance Settlements	-	-	-	-	9.78M
Other Unusual Items	-	-	2.66M	-6.8M	-7.71M
EBT, Incl. Unusual Items	43.16M	54.03M	47.4M	29.61M	48.64M
Income Tax Expense	8M	11.99M	8.12M	10.12M	10.64M
Earnings From Continuing Operations	35.16M	42.04M	39.28M	19.49M	38M
Net Income to Company	35.16M	42.04M	39.28M	19.49M	38M
Minority Interest	-2.1M	-2.3M	-2.14M	-1.79M	-1.62M
Net Income - (IS)	33.06M	39.74M	37.14M	17.71M	36.38M
Net Income to Common Incl Extra Items	33.06M	39.74M	37.14M	17.71M	36.38M
Net Income to Common Excl. Extra Items	33.06M	39.74M	37.14M	17.71M	36.38M
Per Share Items
Net EPS - Basic	0.4	0.49	0.45	0.2	0.41
Basic EPS - Continuing Operations	0.4	0.49	0.45	0.2	0.41
Basic Weighted Average Shares Outstanding	81.66M	81.84M	82.46M	89.23M	89.54M
Net EPS - Diluted	0.4	0.48	0.44	0.2	0.4
Diluted EPS - Continuing Operations	0.4	0.48	0.44	0.2	0.4
Diluted Weighted Average Shares Outstanding	82.5M	82.92M	83.55M	89.92M	90.44M
Normalized Basic EPS	0.3	0.38	0.4	0.27	0.35
Normalized Diluted EPS	0.3	0.38	0.39	0.27	0.35
Dividend Per Share	0.21	0.26	0.3	0.3	0.32
Payout Ratio	53.82	46.11	60.04	143.97	77.73
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	75.6M	102M	115M	120M	145M
EBITA	51.8M	64.29M	71.26M	72.64M	97.73M
EBIT	49.36M	61.84M	68.56M	64.69M	89.42M
EBITDAR	76.41M	102M	116M	120M	146M
Effective Tax Rate - (Ratio)	18.53	22.19	17.12	34.18	21.88
Total Current Taxes	10.59M	17.6M	10.32M	13.89M	16.93M
Total Deferred Taxes	-2.6M	-5.62M	-2.21M	-3.77M	-6.29M
Normalized Net Income	24.88M	31.46M	32.6M	24.16M	31.2M
Interest Capitalized	-	409K	725K	-	-
Interest on Long-Term Debt	11.21M	11.81M	14.39M	21M	28.61M
Supplemental Operating Expense Items
Selling and Marketing Expenses	22.78M	23.25M	25.08M	42.03M	47.66M
General and Administrative Expenses	176M	237M	272M	276M	293M
Net Rental Expense, Total	812K	302K	139K	748K	1.13M
Imputed Operating Lease Interest Expense	332K	73.43K	36.25K	293K	663K
Imputed Operating Lease Depreciation	480K	229K	103K	455K	467K
Maintenance & Repair Expenses, Total	15.78M	21.3M	24.1M	30.86M	33.16M
Stock-Based Comp., Other (Total)	-1.44M	4.37M	2.72M	-655K	1.86M
Total Stock-Based Compensation	-1.44M	4.37M	2.72M	-655K	1.86M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	111M	124M	140M	87.22M	127M
Short Term Investments	-	-	-	-	3.62M
Total Cash And Short Term Investments	111M	124M	140M	87.22M	130M
Accounts Receivable, Total	186M	171M	230M	218M	222M
Other Receivables	18.87M	16.92M	5.21M	40.08M	42.39M
Total Receivables	205M	188M	236M	258M	265M
Inventory	91.34M	117M	157M	207M	180M
Prepaid Expenses	9.59M	11.86M	-	19.19M	12.99M
Restricted Cash	-	-	1.14M	-	-
Total Current Assets	416M	440M	533M	571M	588M
Gross Property Plant And Equipment	650M	797M	814M	901M	885M
Accumulated Depreciation	-245M	-271M	-300M	-356M	-366M
Net Property Plant And Equipment	405M	526M	513M	544M	518M
Long-term Investments	11.76M	12.62M	5.54M	6.21M	7.94M
Goodwill	47.58M	47.58M	69.48M	82.53M	83.86M
Other Intangibles, Total	21.96M	22.49M	36.29M	77.95M	72.26M
Accounts Receivable Long-Term	-	-	2.24M	-	-
Deferred Tax Assets Long-Term	2.27M	6.22M	6.95M	13.8M	19.14M
Other Long-Term Assets, Total	662K	-	-	-	-
Total Assets	906M	1.06B	1.17B	1.3B	1.29B
Liabilities
Accounts Payable, Total	272M	264M	325M	366M	377M
Accrued Expenses, Total	49.27M	68.21M	62.41M	59.67M	81.72M
Current Portion of Long-Term Debt	21.97M	39.76M	225M	28.28M	28.64M
Current Portion of Leases	51.84M	6.25M	14.42M	16.01M	15.28M
Current Income Taxes Payable	2.43M	4.07M	-	-	704K
Other Current Liabilities	-	123K	9K	3.71M	361K
Total Current Liabilities	398M	382M	626M	474M	504M
Long-Term Debt	175M	206M	-	271M	238M
Long-Term Leases	133M	239M	229M	230M	212M
Deferred Tax Liability Non Current	4.12M	2.38M	4.13M	15.92M	14.74M
Other Non Current Liabilities	3.32M	3.32M	-	-	-
Total Liabilities	714M	833M	859M	990M	968M
Common Stock, Total	8.17M	8.19M	8.89M	8.94M	8.96M
Additional Paid In Capital	64.25M	65.62M	142M	145M	145M
Retained Earnings	140M	162M	176M	168M	176M
Treasury Stock	-	-	-87K	-	-
Comprehensive Income and Other	-26.39M	-20.04M	-25.9M	-27.37M	-19.54M
Total Common Equity	186M	215M	301M	294M	310M
Minority Interest	5.71M	6.56M	6.55M	10.96M	11.17M
Total Equity	192M	222M	308M	305M	321M
Total Liabilities And Equity	906M	1.06B	1.17B	1.3B	1.29B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	81.72M	81.94M	83.08M	89.43M	89.6M
ECS Total Common Shares Outstanding	81.72M	81.94M	83.08M	89.43M	89.6M
Book Value / Share	2.28	2.63	3.63	3.29	3.46
Tangible Book Value	117M	145M	196M	134M	154M
Tangible Book Value Per Share	1.43	1.77	2.35	1.5	1.72
Total Debt	382M	491M	468M	545M	493M
Net Debt	271M	367M	328M	458M	363M
Debt Equivalent Oper. Leases	6.5M	2.42M	1.11M	5.98M	9.04M
Minority Interest, Total (Incl. Fin. Div)	5.71M	6.56M	6.55M	10.96M	11.17M
Equity Method Investments, Total	11.76M	12.62M	5.54M	6.21M	7.94M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	74.58M	99.5M	137M	162M	129M
Inventories - Finished Goods, Total	16.76M	17.45M	19.59M	44.51M	50.89M
Land - (BS)	93.51M	97.52M	112M	128M	130M
Machinery, Total	321M	444M	467M	530M	529M
Full Time Employees	4.94K	5.39K	5.78K	7.08K	7.05K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	569K	369K	-	1.14M	927K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	33.06M	39.74M	37.14M	17.71M	36.38M
Depreciation & Amortization - CF	42.8M	55.65M	62.61M	67.76M	66.62M
Amortization of Goodwill and Intangible Assets - (CF)	2.44M	2.45M	2.7M	7.96M	8.31M
Depreciation & Amortization, Total	45.24M	58.1M	65.32M	75.72M	74.94M
Amortization of Deferred Charges, Total - (CF)	183K	304K	1.47M	2.02M	2.54M
(Gain) Loss From Sale Of Asset	-22K	-40K	195K	-	-76K
Asset Writedown & Restructuring Costs	-	-	6.38M	-	1.96M
(Income) Loss On Equity Investments - (CF)	-6.41M	-5.03M	-1.92M	-1.24M	-585K
Stock-Based Compensation (CF)	-1.44M	2.12M	2.72M	-655K	1.86M
Provision and Write-off of Bad Debts	1.27M	1.2M	-	-	-
Other Operating Activities, Total	2.58M	-1.98M	-15.75M	-5.03M	-4.35M
Change In Accounts Receivable	-49.05M	23M	-23.12M	-14.44M	-14.86M
Change In Inventories	-9.49M	-23.21M	-26.66M	-23.74M	22.77M
Change In Accounts Payable	51.27M	-2.53M	40.22M	9.32M	46.38M
Change in Other Net Operating Assets	3.06M	-	-	-	-
Cash from Operations	70.26M	91.66M	86M	59.66M	167M
Capital Expenditure	-98.56M	-92.8M	-56.25M	-55.14M	-55.43M
Sale of Property, Plant, and Equipment	198K	134K	114K	261K	975K
Cash Acquisitions	591K	-	-39.06M	-81.82M	-413K
Sale (Purchase) of Intangible assets	-830K	-2.7M	-1.12M	-1.62M	-4.19M
Investment in Marketable and Equity Securities, Total	-5.25M	-	-	-1.76M	-1.68M
Other Investing Activities, Total	5.09M	4.29M	-1.36M	1.03M	5.94M
Cash from Investing	-98.75M	-91.08M	-97.67M	-139M	-54.8M
Long-Term Debt Issued, Total	95.6M	92.56M	67.06M	296M	11.37M
Total Debt Issued	95.6M	92.56M	67.06M	296M	11.37M
Long-Term Debt Repaid, Total	-23.09M	-63.95M	-86.41M	-244M	-52.9M
Total Debt Repaid	-23.09M	-63.95M	-86.41M	-244M	-52.9M
Issuance of Common Stock	636K	1.39M	77.12M	1.13M	-
Repurchase of Common Stock	-	-	-2.28M	-	-
Common Dividends Paid	-17.8M	-18.32M	-22.3M	-25.49M	-28.28M
Common & Preferred Stock Dividends Paid	-17.8M	-18.32M	-22.3M	-25.49M	-28.28M
Other Financing Activities, Total	5.75M	-1.78M	-1.78M	-2.42M	-1.54M
Cash from Financing	61.1M	9.9M	31.42M	24.82M	-71.35M
Foreign Exchange Rate Adjustments	-2.32M	2.82M	-3.4M	1.63M	-1.3M
Net Change in Cash	30.28M	13.3M	16.35M	-52.95M	39.49M
Supplemental Items
Cash Interest Paid	12.71M	12.86M	16.04M	24.77M	38.06M
Cash Income Tax Paid (Refund)	7.41M	16.25M	19.21M	13.88M	11.13M
Levered Free Cash Flow	-33.71M	-537K	19.79M	-2.97M	108M
Unlevered Free Cash Flow	-25.77M	7.5M	29.11M	12.51M	132M
Change In Net Working Capital	1.21M	-1.58M	25.88M	48.24M	-56.52M
Net Debt Issued / Repaid	72.51M	28.61M	-19.34M	51.59M	-41.53M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.16	3.94	3.86	3.28	4.32
Return on Total Capital	7.09	6.01	5.75	4.97	6.71
Return On Equity %	18.84	20.32	14.83	6.36	12.12
Return on Common Equity	18.28	19.79	14.37	5.94	12.03
Margin Analysis
Gross Profit Margin %	13.66	11.61	11.09	9.95	10.79
SG&A Margin	10.94	9.38	9.01	8.27	8.55
EBITDA Margin %	4.17	3.66	3.5	3.11	3.64
EBITA Margin %	2.85	2.32	2.16	1.89	2.45
EBIT Margin %	2.72	2.23	2.08	1.68	2.24
Income From Continuing Operations Margin %	1.94	1.52	1.19	0.51	0.95
Net Income Margin %	1.82	1.43	1.12	0.46	0.91
Net Avail. For Common Margin %	1.82	1.43	1.12	0.46	0.91
Normalized Net Income Margin	1.37	1.13	0.99	0.63	0.78
Levered Free Cash Flow Margin	-1.86	-0.02	0.6	-0.08	2.72
Unlevered Free Cash Flow Margin	-1.42	0.27	0.88	0.33	3.31
Asset Turnover
Asset Turnover	2.45	2.83	2.97	3.12	3.09
Fixed Assets Turnover	6.44	5.96	6.35	7.28	7.51
Receivables Turnover (Average Receivables)	11.09	15.54	16.46	18.36	18.12
Inventory Turnover (Average Inventory)	18.06	23.55	21.47	19.08	18.42
Short Term Liquidity
Current Ratio	1.05	1.15	0.85	1.21	1.17
Quick Ratio	0.79	0.81	0.6	0.73	0.78
Operating Cash Flow to Current Liabilities	0.18	0.24	0.14	0.13	0.33
Days Sales Outstanding (Average Receivables)	32.82	23.87	22.12	19.82	20.08
Days Outstanding Inventory (Average Inventory)