Cash flow Moulinvest Deutsche Boerse AG

Stocks

7W5

FR0011033083

Forest & Wood Products

Market Closed - Deutsche Boerse AG 02:07:39 2026-08-17 EDT			5-day change	1st Jan Change
21.70 ^EUR	+3.33%		+4.83%	+1.40%

06-09	Moulinvest S.A. Reports Earnings Results for the Half Year Ended February 28, 2026	CI
06-09	Moulinvest doubles profit but remains cautious amid geopolitical risks

3d10059b9ff40.rCHuOqr4z6eyp_HvdchopuYYjmu4Gh9XA66PQfnrCWY.4Uvda_6pvvTfyJSFFK491o5x7Vj3LXg0c8XIcLukWVf1VKAN9aiB_8L2pA

Published financial data: MOULINVEST

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: August	2021	2022	2023	2024	2025
Revenues	93.85M	114M	101M	91.59M	95.43M
Total Revenues	93.85M	114M	101M	91.59M	95.43M
Cost of Goods Sold, Total	56.95M	65.04M	66.2M	69.74M	68.04M
Gross Profit	36.9M	49.31M	35.01M	21.85M	27.39M
Selling General & Admin Expenses, Total	10.14M	11.19M	11.01M	11.04M	11.45M
Depreciation & Amortization - (IS)	9.72M	9.74M	10.86M	11.69M	11.92M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	718K	795K	-691K	-892K	-1.28M
Other Operating Expenses, Total	20.58M	21.72M	21.18M	21.84M	22.1M
Operating Income	16.33M	27.59M	13.83M	9K	5.28M
Interest Expense, Total	-1.44M	-1.05M	-1.3M	-1.36M	-945K
Interest And Investment Income	-	-	368K	679K	569K
Net Interest Expenses	-1.44M	-1.05M	-928K	-677K	-376K
Currency Exchange Gains (Loss)	-9K	-17K	-	-	-
Other Non Operating Income (Expenses)	-97K	-106K	-11K	-82K	-92K
EBT, Excl. Unusual Items	14.78M	26.42M	12.89M	-750K	4.82M
Gain (Loss) On Sale Of Assets	682K	288K	585K	386K	209K
Asset Writedown	-38K	-930K	-78K	-103K	-
Insurance Settlements	-	27K	-	-	-
Legal Settlements	-	-414K	-31K	-38K	-
Other Unusual Items	-563K	194K	-156K	335K	-
EBT, Incl. Unusual Items	14.86M	25.58M	13.21M	-170K	5.02M
Income Tax Expense	3.78M	6.86M	3.35M	-35K	1.3M
Earnings From Continuing Operations	11.08M	18.72M	9.86M	-135K	3.73M
Net Income to Company	11.08M	18.72M	9.86M	-135K	3.73M
Minority Interest	-84K	-120K	-130K	-176K	-242K
Net Income - (IS)	10.99M	18.6M	9.73M	-311K	3.48M
Net Income to Common Incl Extra Items	10.99M	18.6M	9.73M	-311K	3.48M
Net Income to Common Excl. Extra Items	10.99M	18.6M	9.73M	-311K	3.48M
Per Share Items
Net EPS - Basic	3.64	6.15	3.22	-0.1	1.15
Basic EPS - Continuing Operations	3.64	6.15	3.22	-0.1	1.15
Basic Weighted Average Shares Outstanding	3.02M	3.03M	3.03M	3.03M	3.03M
Net EPS - Diluted	3.64	6.15	3.22	-0.1	1.15
Diluted EPS - Continuing Operations	3.64	6.15	3.22	-0.1	1.15
Diluted Weighted Average Shares Outstanding	3.02M	3.03M	3.03M	3.03M	3.03M
Normalized Basic EPS	3.03	5.42	2.62	-0.21	0.91
Normalized Diluted EPS	3.03	5.42	2.62	-0.21	0.91
Dividend Per Share	-	1	0.33	0.17	0.33
Payout Ratio	-	10.58	31.1	-320.9	14.75
Supplemental Items
EBITDA	26.01M	37.18M	23.7M	10.85M	16.58M
EBITA	16.33M	27.59M	13.83M	9K	5.3M
EBIT	16.33M	27.59M	13.83M	9K	5.28M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	25.45	26.8	25.33	20.59	25.85
Current Domestic Taxes	3.02M	6M	3.03M	-	-
Total Current Taxes	3.02M	6M	3.03M	200K	1.88M
Deferred Domestic Taxes	763K	860K	315K	-	-
Total Deferred Taxes	763K	860K	315K	-235K	-585K
Normalized Net Income	9.15M	16.39M	7.93M	-645K	2.77M
Interest on Long-Term Debt	158K	69K	73K	109K	87K
Non-Cash Pension Expense	-	-96K	84K	33K	-72K

Fiscal Period: August	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	17.51M	27M	18.87M	12.2M	13.49M
Short Term Investments	-	-	12.72M	18.66M	8.54M
Total Cash And Short Term Investments	17.51M	27M	31.59M	30.86M	22.03M
Accounts Receivable, Total	14.17M	13.02M	11.71M	10.36M	11.63M
Other Receivables	2.48M	2.39M	4.53M	4.33M	4.75M
Total Receivables	16.66M	15.41M	16.24M	14.69M	16.39M
Inventory	21.42M	29.83M	26.07M	23.61M	29.38M
Prepaid Expenses	884K	228K	369K	541K	398K
Deferred Tax Assets Current	72K	70K	68K	66K	65K
Other Current Assets, Total	-	1.22M	229K	1.36M	1.24M
Total Current Assets	56.54M	73.76M	74.57M	71.14M	69.51M
Gross Property Plant And Equipment	125M	129M	145M	156M	163M
Accumulated Depreciation	-59.23M	-66.63M	-75.41M	-84.76M	-95.5M
Net Property Plant And Equipment	65.47M	62.64M	69.81M	71.26M	67.46M
Long-term Investments	82K	73K	73K	67K	87K
Other Intangibles, Total	5K	2K	0	0	54K
Loans Receivable Long-Term	149K	152K	156K	160K	176K
Deferred Charges Long-Term	493K	-	-	-	-
Other Long-Term Assets, Total	1.29M	6.12M	4.45M	2.8M	693K
Total Assets	124M	143M	149M	145M	138M
Liabilities
Accounts Payable, Total	17.26M	14.99M	18.69M	19.69M	23.16M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	5.6M	6.32M	7.21M	18.08M	5.17M
Current Portion of Leases	1.96M	2.18M	2.08M	1.7M	1.35M
Current Income Taxes Payable	6.02M	7.58M	3.1M	3.05M	4.95M
Unearned Revenue Current, Total	2.22M	1.58M	1.42M	871K	727K
Deferred Tax Liability Current	-	3.96M	3.33M	3.48M	3.36M
Other Current Liabilities	1.41M	3.41M	1.46M	4.31M	4.52M
Total Current Liabilities	34.47M	40.02M	37.29M	51.18M	43.24M
Long-Term Debt	33.74M	32.44M	32.88M	17.72M	16.6M
Long-Term Leases	3.94M	3.6M	3.45M	2.85M	1.75M
Pension & Other Post Retirement Benefits	-	315K	398K	431K	359K
Deferred Tax Liability Non Current	3.1M	-	1.2M	789K	322K
Other Non Current Liabilities	1.97M	2.86M	2.72M	2.55M	2.57M
Total Liabilities	77.23M	79.23M	77.94M	75.52M	64.85M
Common Stock, Total	3.69M	3.69M	3.69M	3.69M	3.69M
Additional Paid In Capital	7.59M	7.46M	7.46M	7.46M	7.46M
Retained Earnings	35.63M	52.39M	59.1M	57.79M	60.76M
Treasury Stock	-314K	-330K	-354K	-356K	-352K
Comprehensive Income and Other	-	-	775K	701K	713K
Total Common Equity	46.59M	63.21M	70.67M	69.29M	72.27M
Minority Interest	194K	314K	444K	619K	861K
Total Equity	46.79M	63.53M	71.12M	69.9M	73.13M
Total Liabilities And Equity	124M	143M	149M	145M	138M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.03M	3.03M	3.03M	3.03M	3.03M
ECS Total Common Shares Outstanding	3.03M	3.03M	3.03M	3.03M	3.03M
Book Value / Share	15.39	20.89	23.36	22.9	23.88
Tangible Book Value	46.59M	63.21M	70.67M	69.29M	72.22M
Tangible Book Value Per Share	15.39	20.89	23.36	22.9	23.86
Total Debt	45.24M	44.54M	45.62M	40.34M	24.87M
Net Debt	27.74M	17.54M	14.02M	9.48M	2.84M
Minority Interest, Total (Incl. Fin. Div)	194K	314K	444K	619K	861K
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	15.38M	19.8M	18.77M	15.49M	19.95M
Inventories - Work In Process, Total	5.65M	10.02M	8M	8.66M	9.67M
Inventories - Finished Goods, Total	11K	4K	27K	192K	168K
Inventories - Others	373K	-	58K	-	-
Land - (BS)	8.85M	9.08M	9.24M	9.69M	10.64M
Buildings, Total	21.96M	21.81M	24.07M	26.16M	26.87M
Machinery, Total	88.67M	89.76M	103M	111M	116M
Full Time Employees	200	215	224	224	223
Accumulated Allowance for Doubtful Accounts (Supple)	110K	104K	109K	109K	71K

Fiscal Period: August	2021	2022	2023	2024	2025
Net Income	10.99M	18.6M	9.73M	-311K	3.48M
Depreciation & Amortization - CF	9.68M	9.59M	9.87M	10.84M	11.29M
Amortization of Goodwill and Intangible Assets - (CF)	7K	7K	2K	-	13K
Depreciation & Amortization, Total	9.68M	9.6M	9.87M	10.84M	11.3M
(Gain) Loss From Sale Of Asset	-38K	187K	-152K	-121K	-178K
Asset Writedown & Restructuring Costs	38K	1.34M	109K	141K	-
Other Operating Activities, Total	53K	514K	-16K	-470K	-590K
Change in Other Net Operating Assets	-5.61M	-7.95M	2.47M	5.98M	-1.54M
Cash from Operations	15.12M	22.29M	22.01M	16.06M	12.48M
Capital Expenditure	-6.48M	-8.41M	-14.36M	-9.34M	-5.21M
Sale of Property, Plant, and Equipment	243K	544K	254K	442K	222K
Cash Acquisitions	-	-	-	-	-
Cash from Investing	-6.24M	-7.87M	-14.11M	-8.9M	-4.99M
Long-Term Debt Issued, Total	3.94M	6.06M	9.22M	4.91M	3.85M
Total Debt Issued	3.94M	6.06M	9.22M	4.91M	3.85M
Long-Term Debt Repaid, Total	-7.6M	-9M	-9.48M	-11.81M	-19.66M
Total Debt Repaid	-7.6M	-9M	-9.48M	-11.81M	-19.66M
Issuance of Common Stock	52K	-	-	-	4K
Repurchase of Common Stock	-	-16K	-24K	-1K	-
Common Dividends Paid	-	-1.97M	-3.03M	-998K	-514K
Common & Preferred Stock Dividends Paid	-	-1.97M	-3.03M	-998K	-514K
Cash from Financing	-3.61M	-4.93M	-3.32M	-7.9M	-16.32M
Net Change in Cash	5.28M	9.5M	4.59M	-727K	-8.83M
Supplemental Items
Levered Free Cash Flow	4.89M	15.14M	4.73M	6.77M	6.92M
Unlevered Free Cash Flow	5.79M	15.79M	5.54M	7.62M	7.51M
Change In Net Working Capital	7.62M	2.63M	-1.39M	-6.11M	1.89M
Net Debt Issued / Repaid	-3.66M	-2.94M	-266K	-6.9M	-15.81M

Fiscal Period: August	2021	2022	2023	2024	2025
Profitability
Return on Assets	8.67	12.93	5.92	0	2.33
Return on Total Capital	11.61	17.23	7.69	0	3.17
Return On Equity %	26.87	33.95	14.65	-0.19	5.21
Return on Common Equity	26.77	33.88	14.54	-0.44	4.92
Margin Analysis
Gross Profit Margin %	39.32	43.12	34.59	23.85	28.7
SG&A Margin	10.8	9.79	10.88	12.05	12
EBITDA Margin %	27.71	32.52	23.42	11.85	17.38
EBITA Margin %	17.4	24.13	13.66	0.01	5.55
EBIT Margin %	17.4	24.12	13.66	0.01	5.54
Income From Continuing Operations Margin %	11.8	16.37	9.74	-0.15	3.9
Net Income Margin %	11.71	16.27	9.62	-0.34	3.65
Net Avail. For Common Margin %	11.71	16.27	9.62	-0.34	3.65
Normalized Net Income Margin	9.75	14.33	7.83	-0.7	2.9
Levered Free Cash Flow Margin	5.21	13.24	4.67	7.4	7.25
Unlevered Free Cash Flow Margin	6.17	13.81	5.47	8.32	7.87
Asset Turnover
Asset Turnover	0.8	0.86	0.69	0.62	0.67
Fixed Assets Turnover	1.38	1.79	1.53	1.3	1.38
Receivables Turnover (Average Receivables)	8.8	8.41	8.19	8.3	8.68
Inventory Turnover (Average Inventory)	2.98	2.56	2.33	2.81	2.57
Short Term Liquidity
Current Ratio	1.64	1.84	2	1.39	1.61
Quick Ratio	0.99	1.06	1.28	0.89	0.89
Operating Cash Flow to Current Liabilities	0.44	0.56	0.59	0.31	0.29
Days Sales Outstanding (Average Receivables)	41.49	43.39	44.59	44.09	42.06
Days Outstanding Inventory (Average Inventory)	122.53	142.74	156.48	130.22	142.15
Average Days Payable Outstanding	96.17	79.71	99.8	104.31	105.96
Cash Conversion Cycle (Average Days)	67.86	106.41	101.26	70	78.25
Long Term Solvency
Total Debt/Equity	96.7	70.11	64.14	57.71	34
Total Debt / Total Capital	49.16	41.22	39.08	36.59	25.37
LT Debt/Equity	80.55	56.74	51.08	29.42	25.09
Long-Term Debt / Total Capital	40.95	33.35	31.12	18.65	18.72
Total Liabilities / Total Assets	62.27	55.5	52.29	51.93	47
EBIT / Interest Expense	11.33	26.3	10.67	0.01	5.59
EBITDA / Interest Expense	18.05	35.45	18.29	8	17.55
(EBITDA - Capex) / Interest Expense	13.55	27.43	7.21	1.12	12.04
Total Debt / EBITDA	1.74	1.2	1.92	3.72	1.5
Net Debt / EBITDA	1.07	0.47	0.59	0.87	0.17
Total Debt / (EBITDA - Capex)	2.32	1.55	4.88	26.61	2.19
Net Debt / (EBITDA - Capex)	1.42	0.61	1.5	6.25	0.25
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	41.44	21.84	-11.49	-9.51	4.19
Gross Profit, 1 Yr. Growth %	55.68	33.62	-29	-37.6	25.37
EBITDA, 1 Yr. Growth %	87.18	43.48	-36.26	-53.3	58.83
EBITA, 1 Yr. Growth %	186.69	69.02	-49.87	-99.94	58.76K
EBIT, 1 Yr. Growth %	186.57	68.98	-49.88	-99.94	58.61K
Earnings From Cont. Operations, 1 Yr. Growth %	190.46	69.02	-47.32	-101.37	-2.86K
Net Income, 1 Yr. Growth %	193.02	69.22	-47.68	-103.2	-1.22K
Normalized Net Income, 1 Yr. Growth %	273.8	79.06	-51.64	-108.14	-529.31
Diluted EPS Before Extra, 1 Yr. Growth %	193.02	68.87	-47.67	-103.2	-1.22K
Accounts Receivable, 1 Yr. Growth %	97.7	-8.14	-10.04	-11.54	12.31
Inventory, 1 Yr. Growth %	27.33	41.73	-15.04	-9.24	24.44
Net Property, Plant and Equip., 1 Yr. Growth %	-7.05	-4.31	11.44	2.08	-5.33
Total Assets, 1 Yr. Growth %	11.35	15.11	4.41	-2.44	-5.12
Tangible Book Value, 1 Yr. Growth %	31.08	35.68	11.8	-1.96	4.23
Common Equity, 1 Yr. Growth %	31.07	35.67	11.8	-1.96	4.31
Cash From Operations, 1 Yr. Growth %	13.77	47.4	-1.25	-27.02	-22.34
Capital Expenditures, 1 Yr. Growth %	-13.01	29.79	70.76	-35	-44.21
Levered Free Cash Flow, 1 Yr. Growth %	172.91	252.08	-66.25	58.64	8.74
Unlevered Free Cash Flow, 1 Yr. Growth %	105.82	203.7	-62.23	50.03	4.15
Dividend Per Share, 1 Yr. Growth %	-	-	-67	-48.48	94.12
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	20.88	31.28	3.85	-10.51	-2.9
Gross Profit, 2 Yr. CAGR %	30.18	44.23	-2.6	-33.44	-11.55
EBITDA, 2 Yr. CAGR %	51.94	63.58	-4.37	-45.97	-15.52
EBITA, 2 Yr. CAGR %	74	120.08	-7.96	-98.19	-38.11
EBIT, 2 Yr. CAGR %	73.96	120.05	-7.97	-98.19	-38.18
Earnings From Cont. Operations, 2 Yr. CAGR %	86.32	121.57	-5.64	-91.51	-38.54
Net Income, 2 Yr. CAGR %	85.62	122.68	-5.91	-87.07	-40.17
Normalized Net Income, 2 Yr. CAGR %	94.81	158.71	-6.95	-80.17	-40.9
Diluted EPS Before Extra, 2 Yr. CAGR %	86.06	122.44	-6	-87.07	-40.17
Accounts Receivable, 2 Yr. CAGR %	42	34.76	-9.1	-10.79	-0.33
Inventory, 2 Yr. CAGR %	24.27	33.16	11.31	-12.29	6.28
Net Property, Plant and Equip., 2 Yr. CAGR %	3.51	-5.69	3.26	6.66	-1.7
Total Assets, 2 Yr. CAGR %	10.11	13.21	9.63	0.93	-3.79
Tangible Book Value, 2 Yr. CAGR %	21	33.36	23.16	4.69	1.09
Common Equity, 2 Yr. CAGR %	20.95	33.35	23.16	4.69	1.13
Cash From Operations, 2 Yr. CAGR %	29.15	29.5	20.65	-15.11	-24.72
Capital Expenditures, 2 Yr. CAGR %	-38.89	6.26	48.87	5.35	-39.78
Levered Free Cash Flow, 2 Yr. CAGR %	-9.56	190.76	4.9	-30.48	27.29
Unlevered Free Cash Flow, 2 Yr. CAGR %	7.29	136.99	3.22	-27.93	21.58
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-58.77	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	15.16	21.2	15.11	-0.81	-5.85
Gross Profit, 3 Yr. CAGR %	22.18	31.32	13.88	-16.03	-17.8
EBITDA, 3 Yr. CAGR %	35.64	48.88	19.48	-25.18	-23.59
EBITA, 3 Yr. CAGR %	48.42	72.3	34.4	-91.8	-42.31
EBIT, 3 Yr. CAGR %	48.39	72.28	34.39	-91.8	-42.36
Earnings From Cont. Operations, 3 Yr. CAGR %	53.42	80.37	37.26	-76.99	-41.62
Net Income, 3 Yr. CAGR %	53.03	79.98	37.4	-69.53	-42.79
Normalized Net Income, 3 Yr. CAGR %	55.09	89.41	47.92	-58.7	-44.72
Diluted EPS Before Extra, 3 Yr. CAGR %	53.52	80.14	37.32	-69.55	-42.78
Accounts Receivable, 3 Yr. CAGR %	39.09	22.81	17.77	-9.92	-3.67
Inventory, 3 Yr. CAGR %	12.19	29.08	15.73	3.91	-1.44
Net Property, Plant and Equip., 3 Yr. CAGR %	18.4	0.84	-0.3	2.87	2.5
Total Assets, 3 Yr. CAGR %	13.23	11.75	10.2	5.45	-1.13
Tangible Book Value, 3 Yr. CAGR %	17.51	25.71	25.75	14.15	4.54
Common Equity, 3 Yr. CAGR %	17.46	25.67	25.74	14.14	4.56
Cash From Operations, 3 Yr. CAGR %	13.62	34.97	18.31	2.03	-17.59
Capital Expenditures, 3 Yr. CAGR %	-27.54	-21.44	24.46	12.94	-14.76
Levered Free Cash Flow, 3 Yr. CAGR %	-14.21	36.33	38.25	16.36	-20.97
Unlevered Free Cash Flow, 3 Yr. CAGR %	-6.75	46.46	25.37	13.59	-20.01
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-30.9
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	10.6	14.56	10.49	7.36	7.54
Gross Profit, 5 Yr. CAGR %	18.2	22.61	11.59	0.07	2.93
EBITDA, 5 Yr. CAGR %	29.48	34.01	17.86	-0.75	3.6
EBITA, 5 Yr. CAGR %	42.62	48.19	22.59	-72.17	-1.45
EBIT, 5 Yr. CAGR %	42.61	48.18	22.58	-72.17	-1.49
Earnings From Cont. Operations, 5 Yr. CAGR %	34.54	52.49	26.31	-46.88	-0.47
Net Income, 5 Yr. CAGR %	34.34	52.29	25.97	-37.23	-1.47
Normalized Net Income, 5 Yr. CAGR %	52.18	55.07	26.43	-23.19	2.48
Diluted EPS Before Extra, 5 Yr. CAGR %	34.6	52.52	26.17	-37.19	-1.51
Accounts Receivable, 5 Yr. CAGR %	23	16.23	17.33	8.07	10.17
Inventory, 5 Yr. CAGR %	6.18	16.04	11.44	11.23	11.8
Net Property, Plant and Equip., 5 Yr. CAGR %	12.52	8.35	12.1	3.12	-0.86
Total Assets, 5 Yr. CAGR %	14.24	15.2	11.78	7.29	4.38
Tangible Book Value, 5 Yr. CAGR %	14.79	19.77	19.74	16.84	15.23
Common Equity, 5 Yr. CAGR %	14.74	19.74	19.71	16.82	15.25
Cash From Operations, 5 Yr. CAGR %	21.81	18.67	16.38	12.12	-1.26
Capital Expenditures, 5 Yr. CAGR %	15.04	-2.69	-3.36	-11.66	-6.91
Levered Free Cash Flow, 5 Yr. CAGR %	19.71	67.85	-9.38	2.54	31.04
Unlevered Free Cash Flow, 5 Yr. CAGR %	17.63	93.19	-4.94	8.68	21.71