Income Statement OVAL Corporation OTC Markets

Stocks

OVACF

JP3173200001

Industrial Machinery & Equipment

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05-15	Oval Corporation Proposes Dividend for the Fiscal Year Ended March 31, 2026, Payable on June 29, 2026; Provides Dividend Guidance for the Second Quarter-End and Fiscal Year Ending March 31, 2027	CI
05-15	OVAL Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2027	CI

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Published financial data: OVAL CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	11.14B	13.31B	14.35B	15.05B	15.59B
Total Revenues	11.14B	13.31B	14.35B	15.05B	15.59B
Cost of Goods Sold, Total	7.06B	8.04B	8.4B	8.92B	8.94B
Gross Profit	4.08B	5.28B	5.95B	6.13B	6.65B
Selling General & Admin Expenses, Total	3.4B	3.72B	3.97B	4.22B	4.47B
R&D Expenses	408M	450M	510M	494M	474M
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	3.81B	4.17B	4.48B	4.71B	4.95B
Operating Income	277M	1.1B	1.48B	1.42B	1.7B
Interest Expense, Total	-22M	-28M	-47M	-50M	-46M
Interest And Investment Income	14M	19M	23M	29M	31M
Net Interest Expenses	-8M	-9M	-24M	-21M	-15M
Income (Loss) On Equity Invest.	18M	9M	11M	18M	12M
Currency Exchange Gains (Loss)	29M	32M	23M	-27M	40M
Other Non Operating Income (Expenses)	153M	90M	86M	51M	30M
EBT, Excl. Unusual Items	469M	1.23B	1.57B	1.44B	1.77B
Gain (Loss) On Sale Of Investments	12M	4M	-	6M	-
Gain (Loss) On Sale Of Assets	32M	2M	-	-1M	-1M
Asset Writedown	-44M	-11M	-9M	-27M	-8M
Legal Settlements	-	-	-	-	-
Other Unusual Items	39M	-203M	-13M	-1M	-1M
EBT, Incl. Unusual Items	508M	1.02B	1.55B	1.42B	1.76B
Income Tax Expense	219M	338M	416M	384M	325M
Earnings From Continuing Operations	289M	681M	1.13B	1.04B	1.44B
Net Income to Company	289M	681M	1.13B	1.04B	1.44B
Minority Interest	-3M	-32M	-32M	-7M	-36M
Net Income - (IS)	286M	649M	1.1B	1.03B	1.4B
Net Income to Common Incl Extra Items	286M	649M	1.1B	1.03B	1.4B
Net Income to Common Excl. Extra Items	286M	649M	1.1B	1.03B	1.4B
Per Share Items
Net EPS - Basic	12.77	28.97	49.19	45.93	64.93
Basic EPS - Continuing Operations	12.77	28.97	49.19	45.93	64.93
Basic Weighted Average Shares Outstanding	22.4M	22.4M	22.4M	22.4M	21.56M
Net EPS - Diluted	12.77	28.97	49.19	45.93	64.93
Diluted EPS - Continuing Operations	12.77	28.97	49.19	45.93	64.93
Diluted Weighted Average Shares Outstanding	22.4M	22.4M	22.4M	22.4M	21.56M
Normalized Basic EPS	12.95	32.8	42.43	39.94	49.67
Normalized Diluted EPS	12.95	32.8	42.43	39.94	49.67
Dividend Per Share	6	9	14	16	20
Payout Ratio	46.85	24.19	24.41	30.32	29.86
Supplemental Items
EBITDA	884M	1.83B	2.04B	2.02B	2.29B
EBITA	337M	1.22B	1.54B	1.48B	1.76B
EBIT	277M	1.1B	1.48B	1.42B	1.7B
Effective Tax Rate - (Ratio)	43.11	33.17	26.84	27.04	18.46
Normalized Net Income	290M	735M	950M	895M	1.07B
Non-Cash Pension Expense	41.46M	29.94M	28.12M	36.08M	24.64M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	418M	457M	519M	499M	479M

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	3.46B	3.19B	3.39B	4.17B	3.85B
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	3.46B	3.19B	3.39B	4.17B	3.85B
Accounts Receivable, Total	4.19B	4.7B	4.69B	5.2B	4.5B
Total Receivables	4.19B	4.7B	4.69B	5.2B	4.5B
Inventory	2.88B	3.28B	3.93B	3.57B	3.18B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	217M	370M	626M	504M	890M
Total Current Assets	10.75B	11.53B	12.63B	13.45B	12.42B
Net Property Plant And Equipment	8.83B	8.72B	8.75B	8.97B	9.86B
Long-term Investments	1.1B	1.19B	1.34B	1.38B	1.67B
Goodwill	420M	360M	300M	240M	180M
Other Intangibles, Total	302M	246M	174M	143M	111M
Loans Receivable Long-Term	12M	5M	5M	4M	4M
Deferred Tax Assets Long-Term	267M	299M	243M	298M	459M
Other Long-Term Assets, Total	1M	2M	2M	1M	1M
Total Assets	21.68B	22.36B	23.45B	24.49B	24.71B
Liabilities
Accounts Payable, Total	658M	751M	755M	886M	1.07B
Accrued Expenses, Total	520M	633M	703M	744M	752M
Short-term Borrowings	1.3B	1.41B	1.31B	1.26B	1.2B
Current Portion of Leases	40M	35M	33M	7M	6M
Current Income Taxes Payable	187M	268M	242M	348M	267M
Other Current Liabilities	1.08B	893M	1.27B	1.31B	907M
Total Current Liabilities	3.78B	3.99B	4.32B	4.55B	4.21B
Long-Term Debt	1.08B	714M	507M	361M	1.13B
Long-Term Leases	76M	38M	16M	12M	5M
Pension & Other Post Retirement Benefits	1.63B	1.61B	1.52B	1.48B	1.38B
Deferred Tax Liability Non Current	1.51B	1.52B	1.51B	1.56B	1.56B
Other Non Current Liabilities	96M	212M	215M	213M	221M
Total Liabilities	8.17B	8.08B	8.09B	8.17B	8.5B
Common Stock, Total	2.2B	2.2B	2.2B	2.2B	2.2B
Additional Paid In Capital	2.14B	2.14B	2.14B	2.14B	621M
Retained Earnings	5.46B	5.96B	6.79B	7.51B	8.49B
Treasury Stock	-402M	-403M	-403M	-403M	-187M
Comprehensive Income and Other	3.75B	3.97B	4.19B	4.42B	4.62B
Total Common Equity	13.14B	13.86B	14.91B	15.86B	15.74B
Minority Interest	368M	417M	452M	455M	472M
Total Equity	13.51B	14.28B	15.36B	16.32B	16.21B
Total Liabilities And Equity	21.68B	22.36B	23.45B	24.49B	24.71B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	22.4M	22.4M	22.4M	22.4M	20.36M
ECS Total Common Shares Outstanding	22.4M	22.4M	22.4M	22.4M	20.36M
Book Value / Share	586.73	618.82	665.55	708.09	773.16
Tangible Book Value	12.42B	13.26B	14.44B	15.48B	15.45B
Tangible Book Value Per Share	554.5	591.77	644.4	691	758.87
Total Debt	2.49B	2.2B	1.87B	1.64B	2.35B
Net Debt	-969M	-991M	-1.53B	-2.54B	-1.51B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.62B	1.56B	1.5B	1.41B	1.3B
Minority Interest, Total (Incl. Fin. Div)	368M	417M	452M	455M	472M
Inventories - Raw Materials, Total	1.54B	1.85B	2.1B	1.9B	1.75B
Inventories - Work In Process, Total	574M	743M	810M	795M	608M
Inventories - Finished Goods, Total	764M	680M	1.02B	879M	826M
Inventories - Others	-	-	2M	-	-
Full Time Employees	669	688	698	691	678
Accumulated Allowance for Doubtful Accounts (Supple)	10M	20M	24M	10M	9M
Order Backlog	4.48B	4.99B	5.63B	5B	4.5B

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	509M	1.02B	1.55B	1.42B	1.76B
Depreciation & Amortization - CF	547M	612M	499M	534M	522M
Amortization of Goodwill and Intangible Assets - (CF)	60M	110M	60M	60M	60M
Depreciation & Amortization, Total	607M	722M	559M	594M	582M
(Gain) Loss From Sale Of Asset	12M	10M	8M	28M	10M
(Gain) Loss on Sale of Investments - (CF)	-12M	-4M	-	-6M	-
(Income) Loss On Equity Investments - (CF)	-18M	-9M	-11M	-18M	-12M
Other Operating Activities, Total	24M	-451M	-448M	-383M	-575M
Change In Accounts Receivable	220M	-499M	-145M	-253M	389M
Change In Inventories	-384M	-366M	-624M	386M	400M
Change In Accounts Payable	68M	52M	-14M	119M	177M
Change in Other Net Operating Assets	201M	142M	126M	99M	-739M
Cash from Operations	1.23B	617M	1B	1.99B	1.99B
Capital Expenditure	-429M	-371M	-269M	-716M	-1.04B
Sale of Property, Plant, and Equipment	-12M	-3M	-7M	-14M	-
Cash Acquisitions	-	-22M	-	-	-
Sale (Purchase) of Intangible assets	-12M	-35M	-6M	-25M	-27M
Investment in Marketable and Equity Securities, Total	301M	54M	62M	-117M	-293M
Net (Increase) Decrease in Loans Originated / Sold - Investing	0	1M	0	5M	1M
Other Investing Activities, Total	39M	-3M	48M	23M	7M
Cash from Investing	-113M	-379M	-172M	-844M	-1.35B
Short Term Debt Issued, Total	-	18M	-	-	-
Long-Term Debt Issued, Total	800M	200M	200M	200M	1.21B
Total Debt Issued	800M	218M	200M	200M	1.21B
Short Term Debt Repaid, Total	-1.64B	-	-7M	-43M	-137M
Long-Term Debt Repaid, Total	-503M	-582M	-553M	-407M	-406M
Total Debt Repaid	-2.14B	-582M	-560M	-450M	-543M
Repurchase of Common Stock	-	-	-	-	-1.3B
Common Dividends Paid	-134M	-157M	-269M	-312M	-418M
Common & Preferred Stock Dividends Paid	-134M	-157M	-269M	-312M	-418M
Other Financing Activities, Total	-51M	-53M	-54M	-44M	-39M
Cash from Financing	-1.53B	-574M	-683M	-606M	-1.09B
Foreign Exchange Rate Adjustments	123M	110M	87M	113M	19M
Miscellaneous Cash Flow Adjustments	1M	-	-	-1M	1M
Net Change in Cash	-289M	-226M	234M	649M	-423M
Supplemental Items
Cash Interest Paid	22M	28M	47M	49M	50M
Cash Income Tax Paid (Refund)	47M	281M	434M	386M	580M
Levered Free Cash Flow	715M	39.12M	705M	990M	969M
Unlevered Free Cash Flow	729M	56.62M	734M	1.02B	998M
Change In Net Working Capital	-390M	950M	472M	-280M	-413M
Net Debt Issued / Repaid	-1.34B	-364M	-360M	-250M	670M

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	0.79	3.14	4.03	3.71	4.33
Return on Total Capital	1.05	4.25	5.47	5.05	5.83
Return On Equity %	2.17	4.9	7.65	6.54	8.83
Return on Common Equity	2.21	4.81	7.66	6.69	8.86
Margin Analysis
Gross Profit Margin %	36.65	39.64	41.49	40.75	42.66
SG&A Margin	30.5	27.96	27.64	28.02	28.69
EBITDA Margin %	7.93	13.72	14.18	13.4	14.66
EBITA Margin %	3.02	9.13	10.71	9.85	11.32
EBIT Margin %	2.49	8.3	10.29	9.45	10.93
Income From Continuing Operations Margin %	2.59	5.12	7.9	6.88	9.21
Net Income Margin %	2.57	4.88	7.68	6.84	8.98
Net Avail. For Common Margin %	2.57	4.88	7.68	6.84	8.98
Normalized Net Income Margin	2.6	5.52	6.62	5.95	6.87
Levered Free Cash Flow Margin	6.42	0.29	4.91	6.58	6.22
Unlevered Free Cash Flow Margin	6.54	0.43	5.12	6.79	6.4
Asset Turnover
Asset Turnover	0.51	0.6	0.63	0.63	0.63
Fixed Assets Turnover	1.26	1.52	1.64	1.7	1.66
Receivables Turnover (Average Receivables)	2.66	3	3.06	3.04	3.21
Inventory Turnover (Average Inventory)	2.65	2.61	2.33	2.38	2.65
Short Term Liquidity
Current Ratio	2.85	2.89	2.93	2.95	2.95
Quick Ratio	2.03	1.98	1.87	2.06	1.98
Operating Cash Flow to Current Liabilities	0.32	0.15	0.23	0.44	0.47
Days Sales Outstanding (Average Receivables)	137.3	121.86	119.7	119.94	113.57
Days Outstanding Inventory (Average Inventory)	137.91	139.8	157.06	153.56	137.97
Average Days Payable Outstanding	30.07	30.5	30.46	34.99	41.75
Cash Conversion Cycle (Average Days)	245.14	231.17	246.3	238.52	209.8
Long Term Solvency
Total Debt/Equity	18.42	15.4	12.15	10.03	14.47
Total Debt / Total Capital	15.55	13.35	10.83	9.12	12.64
LT Debt/Equity	8.53	5.27	3.4	2.29	7
Long-Term Debt / Total Capital	7.21	4.56	3.04	2.08	6.12
Total Liabilities / Total Assets	37.68	36.15	34.49	33.37	34.39
EBIT / Interest Expense	12.59	39.46	31.4	28.44	37.04
EBITDA / Interest Expense	40.18	65.25	43.3	40.32	49.7
(EBITDA - Capex) / Interest Expense	20.68	52	37.57	26	27.2
Total Debt / EBITDA	2.82	1.2	0.92	0.81	1.03
Net Debt / EBITDA	-1.1	-0.54	-0.75	-1.26	-0.66
Total Debt / (EBITDA - Capex)	5.47	1.51	1.06	1.26	1.88
Net Debt / (EBITDA - Capex)	-2.13	-0.68	-0.86	-1.95	-1.2
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	7.77	19.45	7.77	4.89	3.6
Gross Profit, 1 Yr. Growth %	12.6	29.21	12.79	3.02	8.45
EBITDA, 1 Yr. Growth %	91.76	106.67	11.38	-0.93	13.39
EBITA, 1 Yr. Growth %	-774	260.53	26.42	-3.52	19.03
EBIT, 1 Yr. Growth %	-351.82	298.92	33.57	-3.66	19.83
Earnings From Cont. Operations, 1 Yr. Growth %	622.5	135.64	66.52	-8.64	38.61
Net Income, 1 Yr. Growth %	921.43	126.92	69.8	-6.62	36.05
Normalized Net Income, 1 Yr. Growth %	2.13K	153.3	29.34	-5.85	19.67
Diluted EPS Before Extra, 1 Yr. Growth %	921.43	126.93	69.8	-6.62	41.37
Accounts Receivable, 1 Yr. Growth %	0	12.05	-0.21	11.01	-13.55
Inventory, 1 Yr. Growth %	17.22	13.79	19.93	-9.06	-10.86
Net Property, Plant and Equip., 1 Yr. Growth %	-0.34	-1.23	0.33	2.51	9.9
Total Assets, 1 Yr. Growth %	-2.02	3.14	4.86	4.44	0.89
Tangible Book Value, 1 Yr. Growth %	4.22	6.72	8.89	7.23	-0.19
Common Equity, 1 Yr. Growth %	3.2	5.47	7.55	6.39	-0.77
Cash From Operations, 1 Yr. Growth %	48.91	-49.71	62.4	98.3	0.3
Capital Expenditures, 1 Yr. Growth %	-49.82	-13.52	-27.49	166.17	44.55
Levered Free Cash Flow, 1 Yr. Growth %	-314.83	-94.53	1.7K	40.47	-2.15
Unlevered Free Cash Flow, 1 Yr. Growth %	-330.19	-92.23	1.2K	39.11	-2.32
Dividend Per Share, 1 Yr. Growth %	0	50	55.56	14.29	25
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.17	13.46	13.46	6.32	4.24
Gross Profit, 2 Yr. CAGR %	-2.74	20.62	20.72	7.8	5.7
EBITDA, 2 Yr. CAGR %	-8.51	99.08	51.72	5.05	5.99
EBITA, 2 Yr. CAGR %	-21.29	392.95	113.49	10.44	7.17
EBIT, 2 Yr. CAGR %	-24.35	216.95	130.84	13.44	7.45
Earnings From Cont. Operations, 2 Yr. CAGR %	-1.02	312.61	98.09	23.34	12.53
Net Income, 2 Yr. CAGR %	0.71	381.44	96.29	25.92	12.71
Normalized Net Income, 2 Yr. CAGR %	-5.35	651.86	81	10.35	6.14
Diluted EPS Before Extra, 2 Yr. CAGR %	0.71	381.45	96.3	25.92	14.89
Accounts Receivable, 2 Yr. CAGR %	-3.87	5.85	5.74	5.25	-2.04
Inventory, 2 Yr. CAGR %	4.05	15.49	16.82	4.43	-9.96
Net Property, Plant and Equip., 2 Yr. CAGR %	2.93	-0.79	-0.45	1.42	6.14
Total Assets, 2 Yr. CAGR %	1.84	0.53	3.99	4.65	2.65
Tangible Book Value, 2 Yr. CAGR %	2.28	5.46	7.8	8.06	3.45
Common Equity, 2 Yr. CAGR %	1.38	4.33	6.51	6.97	2.75
Cash From Operations, 2 Yr. CAGR %	27.74	-13.47	-9.63	79.46	41.03
Capital Expenditures, 2 Yr. CAGR %	2.79	-34.13	-20.81	38.92	96.15
Levered Free Cash Flow, 2 Yr. CAGR %	247.47	-65.72	-0.72	403.15	17.24
Unlevered Free Cash Flow, 2 Yr. CAGR %	200.96	-57.72	0.37	324.78	16.57
Dividend Per Share, 2 Yr. CAGR %	0	22.47	52.75	33.33	19.52
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.65	3.85	11.53	10.53	5.4
Gross Profit, 3 Yr. CAGR %	-1.41	6.92	17.95	14.51	8.01
EBITDA, 3 Yr. CAGR %	0.04	20.05	64.04	31.63	7.76
EBITA, 3 Yr. CAGR %	-7	30.72	213.19	63.83	13.23
EBIT, 3 Yr. CAGR %	-12.89	31.68	137.63	72.51	15.53
Earnings From Cont. Operations, 3 Yr. CAGR %	-18.3	32.16	204.92	53.05	28.23
Net Income, 3 Yr. CAGR %	-15.38	32.03	240.15	53.23	29.21
Normalized Net Income, 3 Yr. CAGR %	4.72	31.4	318.15	45.57	13.37
Diluted EPS Before Extra, 3 Yr. CAGR %	-15.38	32.03	240.16	53.23	30.87
Accounts Receivable, 3 Yr. CAGR %	-5.09	1.17	3.79	7.47	-1.43
Inventory, 3 Yr. CAGR %	3.17	7.2	16.95	7.46	-0.93
Net Property, Plant and Equip., 3 Yr. CAGR %	1.69	1.52	-0.42	0.53	4.17
Total Assets, 3 Yr. CAGR %	1.49	2.27	1.95	4.14	3.38
Tangible Book Value, 3 Yr. CAGR %	0.01	3.74	6.59	7.61	5.23
Common Equity, 3 Yr. CAGR %	0.85	2.72	5.39	6.47	4.33
Cash From Operations, 3 Yr. CAGR %	19.84	-6.38	6.74	17.43	47.82
Capital Expenditures, 3 Yr. CAGR %	2.45	-2.96	-31.99	18.62	40.77
Levered Free Cash Flow, 3 Yr. CAGR %	16.73	-12.92	28.41	11.46	191.51
Unlevered Free Cash Flow, 3 Yr. CAGR %	15.94	-11.07	32.36	11.9	160.24
Dividend Per Share, 3 Yr. CAGR %	0	14.47	32.64	38.67	30.5
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.62	3.99	4.14	4.83	8.56
Gross Profit, 5 Yr. CAGR %	-1.15	5.33	6.91	7.27	12.89
EBITDA, 5 Yr. CAGR %	3.73	21.26	18.17	13.81	37.74
EBITA, 5 Yr. CAGR %	-2.63	36.76	29.67	22.19	103.94
EBIT, 5 Yr. CAGR %	-6.37	34.19	28.64	24.05	72.99
Earnings From Cont. Operations, 5 Yr. CAGR %	1	40.59	16.43	28.56	104.65
Net Income, 5 Yr. CAGR %	1.08	39.69	18.48	29.55	118.67
Normalized Net Income, 5 Yr. CAGR %	2.48	33.45	30.35	22.54	141.63
Diluted EPS Before Extra, 5 Yr. CAGR %	1.08	39.7	18.48	29.55	120.36
Accounts Receivable, 5 Yr. CAGR %	-5.25	-0.58	-0.9	2.78	1.42
Inventory, 5 Yr. CAGR %	9.03	8.27	8.43	6.09	5.34
Net Property, Plant and Equip., 5 Yr. CAGR %	2.58	0.65	0.83	1.48	2.16
Total Assets, 5 Yr. CAGR %	1.04	1.73	2.48	3.21	2.23
Tangible Book Value, 5 Yr. CAGR %	0.54	1.68	3.06	5.45	5.33
Common Equity, 5 Yr. CAGR %	1.03	1.94	3.08	4.4	4.33
Cash From Operations, 5 Yr. CAGR %	13.38	-3.31	7.04	21.45	19.32
Capital Expenditures, 5 Yr. CAGR %	-2.02	-16.97	-7.58	12.02	3.9
Levered Free Cash Flow, 5 Yr. CAGR %	45.52	-37.15	9.41	75.64	23.82
Unlevered Free Cash Flow, 5 Yr. CAGR %	50.84	-31.78	9.44	66.23	25.8
Dividend Per Share, 5 Yr. CAGR %	0	8.45	18.47	21.67	27.23