Cash flow Masterflex SE

Stocks

MZX

DE0005492938

Industrial Machinery & Equipment

Real-time Estimate Tradegate 10:20:49 2026-08-12 EDT			5-day change	1st Jan Change
14.32 ^EUR	-2.55%		+3.97%	+1.41%

07-08	J. F. Müller & Sohn AG acquired an additional 6.61% stake in Masterflex SE from Andreas Bastin and Mark Becks for ?9 million.	CI
05-07	Masterflex SE Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

66e17a2cd4d11.bByE87S5c1QYhEkxc4_H-o4YU7o99tYvT3OpdrlqU2Q.OlDTtPGINTpC9AdeNteLtt1uGuB0o657NRXhE9wHMR09VuWfzIsyeUqpPg

Published financial data: MASTERFLEX SE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	79.23M	100M	101M	98.14M	103M
Other Revenues, Total	179K	269K	193K	-	-
Total Revenues	79.4M	101M	101M	98.14M	103M
Cost of Goods Sold, Total	25.53M	33.92M	32.23M	28.31M	27.94M
Gross Profit	53.88M	66.82M	69.2M	69.83M	74.78M
Selling General & Admin Expenses, Total	30.72M	33.95M	35.44M	35.66M	37.47M
Depreciation & Amortization - (IS)	4.91M	5.04M	5.29M	5.45M	5.55M
Other Operating Expenses	13.37M	16.49M	16.24M	16.6M	17.87M
Other Operating Expenses, Total	49M	55.48M	56.97M	57.71M	60.89M
Operating Income	4.88M	11.34M	12.22M	12.12M	13.89M
Interest Expense, Total	-759K	-597K	-1.22M	-1.34M	-1.18M
Interest And Investment Income	5K	20K	14K	17K	-
Net Interest Expenses	-754K	-577K	-1.21M	-1.32M	-1.18M
Currency Exchange Gains (Loss)	240K	-97K	-64K	143K	-553K
Other Non Operating Income (Expenses)	211K	128K	195K	244K	319K
EBT, Excl. Unusual Items	4.58M	10.8M	11.14M	11.19M	12.47M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	5K	25K
Asset Writedown	-	-	-	-	-
Insurance Settlements	13K	9K	1K	17K	25K
Legal Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	4.59M	10.81M	11.15M	11.22M	12.52M
Income Tax Expense	1.29M	2.98M	3.11M	2.93M	3.77M
Earnings From Continuing Operations	3.3M	7.83M	8.04M	8.29M	8.76M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	3.3M	7.83M	8.04M	8.29M	8.76M
Minority Interest	-19K	-50K	-44K	-56K	-43K
Net Income - (IS)	3.28M	7.78M	7.99M	8.23M	8.71M
Net Income to Common Incl Extra Items	3.28M	7.78M	7.99M	8.23M	8.71M
Net Income to Common Excl. Extra Items	3.28M	7.78M	7.99M	8.23M	8.71M
Per Share Items
Net EPS - Basic	0.34	0.81	0.83	0.86	0.91
Basic EPS - Continuing Operations	0.34	0.81	0.83	0.86	0.91
Basic Weighted Average Shares Outstanding	9.62M	9.62M	9.62M	9.62M	9.62M
Net EPS - Diluted	0.34	0.81	0.83	0.86	0.91
Diluted EPS - Continuing Operations	0.34	0.81	0.83	0.86	0.91
Diluted Weighted Average Shares Outstanding	9.62M	9.62M	9.62M	9.62M	9.62M
Normalized Basic EPS	0.3	0.7	0.72	0.72	0.81
Normalized Diluted EPS	0.3	0.7	0.72	0.72	0.81
Dividend Per Share	0.12	0.2	0.25	0.27	0.3
Payout Ratio	23.46	14.84	24.7	29.74	30.45
Supplemental Items
EBITDA	8.52M	15.05M	16.06M	16.04M	17.66M
EBITA	5.31M	11.73M	12.6M	12.52M	14.23M
EBIT	4.88M	11.34M	12.22M	12.12M	13.89M
EBITDAR	8.72M	15.26M	16.26M	16.27M	17.9M
Total Revenues (As Reported)	80.1M	102M	102M	98.5M	104M
Effective Tax Rate - (Ratio)	28.08	27.57	27.89	26.12	30.08
Total Current Taxes	1.1M	2.88M	3.08M	3.07M	4.36M
Total Deferred Taxes	187K	103K	24K	-136K	-598K
Normalized Net Income	2.84M	6.7M	6.92M	6.94M	7.75M
Interest on Long-Term Debt	73K	92K	143K	168K	175K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	498K	691K	794K	855K	838K
Net Rental Expense, Total	196K	211K	208K	233K	244K
Imputed Operating Lease Interest Expense	45.05K	38.72K	80.3K	112K	130K
Imputed Operating Lease Depreciation	151K	172K	128K	121K	114K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	9.55M	9.75M	11.03M	11.58M	12.39M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	9.55M	9.75M	11.03M	11.58M	12.39M
Accounts Receivable, Total	6.97M	8.77M	9.89M	9.28M	10.83M
Other Receivables	323K	37K	346K	344K	490K
Total Receivables	7.29M	8.8M	10.23M	9.63M	11.32M
Inventory	17.24M	21.27M	22.24M	21.84M	20.22M
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	660K	875K	800K	950K	1.15M
Total Current Assets	34.75M	40.7M	44.3M	44.01M	45.09M
Gross Property Plant And Equipment	79.82M	88.34M	91.88M	96.32M	95.47M
Accumulated Depreciation	-49.12M	-53.18M	-57.08M	-60.81M	-62.13M
Net Property Plant And Equipment	30.7M	35.16M	34.8M	35.51M	33.34M
Long-term Investments	112K	87K	62K	86K	112K
Goodwill	9.19M	9.19M	9.19M	9.19M	9.19M
Other Intangibles, Total	1.79M	1.47M	1.31M	1.1M	821K
Deferred Tax Assets Long-Term	33K	44K	100K	364K	676K
Deferred Charges Long-Term	1.72M	2.03M	2.27M	2.47M	2.7M
Other Long-Term Assets, Total	1M	1.54M	1.66M	1.16M	2.25M
Total Assets	79.29M	90.22M	93.69M	93.89M	94.18M
Liabilities
Accounts Payable, Total	2.04M	2.37M	2.02M	2.15M	2.1M
Accrued Expenses, Total	-	-	-	-	-
Current Portion of Long-Term Debt	1.44M	1.44M	19.95M	-	-
Current Portion of Leases	1.01M	1.05M	910K	1.52M	1.5M
Current Income Taxes Payable	395K	1.88M	3.24M	1.45M	2.04M
Unearned Revenue Current, Total	307K	471K	307K	226K	133K
Other Current Liabilities	4.19M	4.93M	4.41M	4.17M	4.05M
Total Current Liabilities	9.38M	12.14M	30.84M	9.51M	9.84M
Long-Term Debt	21.4M	19.95M	-	14.54M	10.67M
Long-Term Leases	1.61M	4.14M	3.28M	4.18M	2.94M
Deferred Tax Liability Non Current	823K	989K	1.02M	1.05M	891K
Other Non Current Liabilities	1.09M	1.01M	946K	1.01M	818K
Total Liabilities	34.31M	38.23M	36.09M	30.3M	25.16M
Common Stock, Total	9.62M	9.62M	9.62M	9.62M	9.62M
Retained Earnings	4.65M	11.34M	17.37M	23.13M	29.22M
Comprehensive Income and Other	30.38M	30.66M	30.24M	30.46M	29.81M
Total Common Equity	44.66M	51.61M	57.24M	63.21M	68.65M
Minority Interest	322K	372K	366K	379K	366K
Total Equity	44.98M	51.98M	57.6M	63.58M	69.02M
Total Liabilities And Equity	79.29M	90.22M	93.69M	93.89M	94.18M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	9.62M	9.62M	9.62M	9.62M	9.62M
ECS Total Common Shares Outstanding	9.62M	9.62M	9.62M	9.62M	9.62M
Book Value / Share	4.64	5.37	5.95	6.57	7.14
Tangible Book Value	33.68M	40.95M	46.74M	52.92M	58.64M
Tangible Book Value Per Share	3.5	4.26	4.86	5.5	6.1
Total Debt	25.47M	26.59M	24.14M	20.24M	15.12M
Net Debt	15.92M	16.84M	13.12M	8.66M	2.72M
Debt Equivalent Oper. Leases	1.57M	1.69M	1.66M	1.86M	1.95M
Minority Interest, Total (Incl. Fin. Div)	322K	372K	366K	379K	366K
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	9.46M	12.36M	13.16M	12.93M	11.3M
Inventories - Work In Process, Total	465K	480K	379K	344K	268K
Inventories - Finished Goods, Total	7.32M	8.38M	8.71M	8.56M	8.63M
Inventories - Others	-	49K	-	13K	18K
Land - (BS)	27.09M	28.49M	28.86M	37.92M	28.94M
Machinery, Total	47.15M	50.9M	54.02M	56.7M	56.01M
Full Time Employees	585	629	662	601	605
Accumulated Allowance for Doubtful Accounts (Supple)	130K	156K	125K	74K	90K
Order Backlog	22.9M	22.8M	20.5M	19.8M	19.8M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	3.28M	7.78M	7.99M	8.23M	8.71M
Depreciation & Amortization - CF	4.39M	4.57M	4.82M	4.94M	5.06M
Amortization of Goodwill and Intangible Assets - (CF)	432K	383K	374K	395K	344K
Depreciation & Amortization, Total	4.82M	4.95M	5.19M	5.34M	5.4M
Amortization of Deferred Charges, Total - (CF)	87K	91K	101K	110K	150K
Asset Writedown & Restructuring Costs	-	-269K	-	-	-
Other Operating Activities, Total	1.12M	2.38M	2.53M	-425K	883K
Change In Accounts Receivable	-1.02M	-1.93M	-951K	271K	-2.25M
Change In Inventories	-1.72M	-4.03M	-971K	401K	1.62M
Change In Accounts Payable	37K	1.04M	-1.51M	-930K	224K
Change in Other Net Operating Assets	212K	115K	-17K	-65K	11K
Cash from Operations	6.81M	10.11M	12.36M	12.93M	14.75M
Capital Expenditure	-3.02M	-5.29M	-4.45M	-2.3M	-
Sale of Property, Plant, and Equipment	-	-	16K	-	-
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-451K	-575K	-620K	-477K	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-	-	-	-	-4.19M
Cash from Investing	-3.47M	-5.87M	-5.05M	-2.77M	-4.19M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-2.64M	-2.65M	-2.84M	-6.5M	-5.52M
Total Debt Repaid	-2.64M	-2.65M	-2.84M	-6.5M	-5.52M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-770K	-1.15M	-1.97M	-2.45M	-2.65M
Common & Preferred Stock Dividends Paid	-770K	-1.15M	-1.97M	-2.45M	-2.65M
Other Financing Activities, Total	-686K	-394K	-933K	-1.12M	-658K
Cash from Financing	-4.1M	-4.2M	-5.75M	-10.06M	-8.83M
Foreign Exchange Rate Adjustments	1.09M	151K	-285K	464K	-922K
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	333K	196K	1.28M	558K	809K
Supplemental Items
Cash Interest Paid	691K	414K	947K	1.13M	678K
Cash Income Tax Paid (Refund)	783K	1.45M	1.64M	4.71M	3.97M
Levered Free Cash Flow	2.24M	2.86M	5.1M	8.29M	13.56M
Unlevered Free Cash Flow	2.72M	3.23M	5.86M	9.13M	14.3M
Change In Net Working Capital	1.77M	3.03M	2M	1.12M	-68K
Net Debt Issued / Repaid	-2.64M	-2.65M	-2.84M	-6.5M	-5.52M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.92	8.37	8.31	8.08	9.23
Return on Total Capital	4.39	9.52	9.53	9.15	10.34
Return On Equity %	7.65	16.14	14.67	13.67	13.21
Return on Common Equity	7.66	16.16	14.69	13.67	13.22
Margin Analysis
Gross Profit Margin %	67.85	66.33	68.22	71.15	72.8
SG&A Margin	38.69	33.7	34.94	36.33	36.48
EBITDA Margin %	10.73	14.94	15.83	16.34	17.19
EBITA Margin %	6.69	11.64	12.42	12.76	13.86
EBIT Margin %	6.15	11.26	12.05	12.35	13.52
Income From Continuing Operations Margin %	4.16	7.77	7.92	8.44	8.52
Net Income Margin %	4.13	7.72	7.88	8.39	8.48
Net Avail. For Common Margin %	4.13	7.72	7.88	8.39	8.48
Normalized Net Income Margin	3.58	6.65	6.82	7.07	7.55
Levered Free Cash Flow Margin	2.82	2.83	5.03	8.45	13.2
Unlevered Free Cash Flow Margin	3.42	3.21	5.78	9.3	13.92
Asset Turnover
Asset Turnover	1.02	1.19	1.1	1.05	1.09
Fixed Assets Turnover	2.57	3.06	2.9	2.79	2.98
Receivables Turnover (Average Receivables)	12.65	12.77	10.85	10.24	10.21
Inventory Turnover (Average Inventory)	1.56	1.76	1.48	1.28	1.33
Short Term Liquidity
Current Ratio	3.7	3.35	1.44	4.63	4.58
Quick Ratio	1.8	1.53	0.69	2.23	2.41
Operating Cash Flow to Current Liabilities	0.73	0.83	0.4	1.36	1.5
Days Sales Outstanding (Average Receivables)	28.86	28.59	33.63	35.75	35.75
Days Outstanding Inventory (Average Inventory)	234.2	207.24	246.39	284.97	274.82
Average Days Payable Outstanding	24.66	21.18	24.13	27.35	29.48
Cash Conversion Cycle (Average Days)	238.4	214.65	255.88	293.36	281.1
Long Term Solvency
Total Debt/Equity	56.62	51.14	41.92	31.84	21.91
Total Debt / Total Capital	36.15	33.84	29.54	24.15	17.97
LT Debt/Equity	51.17	46.34	5.7	29.45	19.72
Long-Term Debt / Total Capital	32.67	30.66	4.02	22.34	16.18
Total Liabilities / Total Assets	43.27	42.38	38.52	32.28	26.72
EBIT / Interest Expense	6.43	19	9.99	9.08	11.76
EBITDA / Interest Expense	12.78	27.29	14.23	13.08	16.33
(EBITDA - Capex) / Interest Expense	8.81	18.43	10.59	11.36	16.33
Total Debt / EBITDA	2.63	1.63	1.39	1.16	0.78
Net Debt / EBITDA	1.64	1.03	0.75	0.5	0.14
Total Debt / (EBITDA - Capex)	3.81	2.42	1.86	1.33	0.78
Net Debt / (EBITDA - Capex)	2.38	1.53	1.01	0.57	0.14
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.71	27.16	0.88	-3.06	4.65
Gross Profit, 1 Yr. Growth %	9.67	24.45	3.86	1.2	7.08
EBITDA, 1 Yr. Growth %	27.91	76.64	5.85	1.1	10.12
EBITA, 1 Yr. Growth %	64.87	120.76	6.35	0.93	13.67
EBIT, 1 Yr. Growth %	73.48	132.46	6.64	0.78	14.54
Earnings From Cont. Operations, 1 Yr. Growth %	312.11	137.11	2.68	3.1	5.67
Net Income, 1 Yr. Growth %	313.87	136.96	2.78	2.96	5.87
Normalized Net Income, 1 Yr. Growth %	234.75	135.74	3.28	0.4	11.71
Diluted EPS Before Extra, 1 Yr. Growth %	313.87	136.96	2.78	2.96	5.87
Accounts Receivable, 1 Yr. Growth %	25.42	25.76	12.76	-6.08	16.68
Inventory, 1 Yr. Growth %	11.12	23.38	4.56	-1.8	-7.42
Net Property, Plant and Equip., 1 Yr. Growth %	-1.42	14.54	-1.01	2.04	-6.12
Total Assets, 1 Yr. Growth %	3.84	13.79	3.85	0.21	0.3
Tangible Book Value, 1 Yr. Growth %	13.38	21.59	14.14	13.21	10.81
Common Equity, 1 Yr. Growth %	8.96	15.58	10.89	10.43	8.61
Cash From Operations, 1 Yr. Growth %	-41	48.47	22.22	4.59	14.09
Capital Expenditures, 1 Yr. Growth %	72.58	75.59	-16.02	-48.36	-
Levered Free Cash Flow, 1 Yr. Growth %	-72.03	27.4	74.05	66.52	22.56
Unlevered Free Cash Flow, 1 Yr. Growth %	-68.38	18.89	77.55	58.87	20.17
Dividend Per Share, 1 Yr. Growth %	50	66.67	25	8	11.11
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.85	17.98	13.15	-1.2	0.72
Gross Profit, 2 Yr. CAGR %	-0.94	16.63	13.52	2.38	4.1
EBITDA, 2 Yr. CAGR %	3.75	50.31	37.28	2.82	5.51
EBITA, 2 Yr. CAGR %	6.74	90.78	54	2.81	7.11
EBIT, 2 Yr. CAGR %	4.83	100.82	58.27	2.85	7.44
Earnings From Cont. Operations, 2 Yr. CAGR %	16.29	212.59	56.04	2.89	4.38
Net Income, 2 Yr. CAGR %	13.85	213.16	56.06	2.87	4.41
Normalized Net Income, 2 Yr. CAGR %	16.21	180.92	56.07	1.76	5.9
Diluted EPS Before Extra, 2 Yr. CAGR %	13.85	213.16	56.06	2.87	4.41
Accounts Receivable, 2 Yr. CAGR %	-2.67	25.59	19.09	2.91	4.68
Inventory, 2 Yr. CAGR %	-3.78	17.09	13.58	1.33	-4.65
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.38	6.26	6.48	0.5	-2.12
Total Assets, 2 Yr. CAGR %	-1.4	8.7	8.71	2.01	0.26
Tangible Book Value, 2 Yr. CAGR %	3.84	17.41	17.8	13.68	12.01
Common Equity, 2 Yr. CAGR %	2.34	12.22	13.21	10.66	9.52
Cash From Operations, 2 Yr. CAGR %	1.13	-6.41	34.71	13.06	9.24
Capital Expenditures, 2 Yr. CAGR %	16.91	74.08	21.43	-34.14	-
Levered Free Cash Flow, 2 Yr. CAGR %	5.51	-40.3	50.84	68.22	65.03
Unlevered Free Cash Flow, 2 Yr. CAGR %	-2.15	-38.68	46.95	66.21	57.77
Dividend Per Share, 2 Yr. CAGR %	30.93	58.11	44.34	16.19	9.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.2	7.64	11.91	7.4	0.71
Gross Profit, 3 Yr. CAGR %	-0.23	6.77	12.1	9.15	3.92
EBITDA, 3 Yr. CAGR %	-2.95	23.89	34.08	23.47	5.2
EBITA, 3 Yr. CAGR %	-5.32	36	57.54	33.08	6.31
EBIT, 3 Yr. CAGR %	-6.78	36.7	63.19	35.44	6.61
Earnings From Cont. Operations, 3 Yr. CAGR %	0.27	47.46	115.69	35.9	3.81
Net Income, 3 Yr. CAGR %	-0.91	45.36	116.01	35.86	3.86
Normalized Net Income, 3 Yr. CAGR %	-4.94	47.11	101.27	34.67	4.97
Diluted EPS Before Extra, 3 Yr. CAGR %	-1.47	45.36	116.01	35.86	3.86
Accounts Receivable, 3 Yr. CAGR %	-2.37	6.01	21.16	10.03	7.31
Inventory, 3 Yr. CAGR %	1.15	4.54	12.75	8.2	-1.67
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.45	1.55	3.78	4.98	-1.75
Total Assets, 3 Yr. CAGR %	1.79	3.42	7.06	5.8	1.44
Tangible Book Value, 3 Yr. CAGR %	3.2	9.45	16.31	16.25	12.71
Common Equity, 3 Yr. CAGR %	3.12	6.58	11.78	12.28	9.97
Cash From Operations, 3 Yr. CAGR %	13.35	14.94	2.3	23.81	13.4
Capital Expenditures, 3 Yr. CAGR %	-5.39	33.88	36.53	-8.68	-
Levered Free Cash Flow, 3 Yr. CAGR %	-4.62	12.36	-13.98	54.65	66.65
Unlevered Free Cash Flow, 3 Yr. CAGR %	12.26	4.41	-11.94	49.78	62.97
Dividend Per Share, 3 Yr. CAGR %	19.68	41.9	46.2	31.04	14.47
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.34	5.92	5.15	3.97	7.25
Gross Profit, 5 Yr. CAGR %	3.04	5.41	4.99	4.93	8.76
EBITDA, 5 Yr. CAGR %	0.74	9.67	11.49	15.17	21.53
EBITA, 5 Yr. CAGR %	-1.27	12.04	15.02	21.84	34.59
EBIT, 5 Yr. CAGR %	-2.42	12.34	15.2	22.25	37.62
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.69	12.39	19.67	27.69	61.34
Net Income, 5 Yr. CAGR %	2.31	12.52	18.83	26.59	61.5
Normalized Net Income, 5 Yr. CAGR %	-0.57	14.56	15.91	26.96	55.64
Diluted EPS Before Extra, 5 Yr. CAGR %	-3.07	11.77	18.43	26.59	61.5
Accounts Receivable, 5 Yr. CAGR %	2.24	5.28	5.71	4.76	14.28
Inventory, 5 Yr. CAGR %	4.92	6.9	5.95	3.24	5.44
Net Property, Plant and Equip., 5 Yr. CAGR %	1.64	2.98	2.27	1.13	1.38
Total Assets, 5 Yr. CAGR %	5.59	4.34	4.5	2.86	4.28
Tangible Book Value, 5 Yr. CAGR %	5.9	8.13	8.81	11.12	14.57
Common Equity, 5 Yr. CAGR %	8.99	6.46	7.05	8.19	10.87
Cash From Operations, 5 Yr. CAGR %	1.84	3.92	21.45	14.19	5.02
Capital Expenditures, 5 Yr. CAGR %	-17.83	6.16	4.55	0.8	-
Levered Free Cash Flow, 5 Yr. CAGR %	-9.54	24.94	14.57	32.72	11.1
Unlevered Free Cash Flow, 5 Yr. CAGR %	-1.05	13.92	25.02	26.33	10.73
Dividend Per Share, 5 Yr. CAGR %	19.14	23.36	28.99	30.99	30.26