Cash flow Séché Environnement SA

Equities

SCHP

FR0000039109

Environmental Services & Equipment

Market Closed - Euronext Paris Other stock markets 11:35:14 2024-09-19 EDT			5-day change	1st Jan Change
93.50 ^EUR	+1.63%		+4.70%	-15.00%

09-05	Such a long wait
09-05	Séché: down after half-year results	CF

08.oSSbsRcSjZvh7wsr9sQaeCaFnX5inJc1MFJZE1qS984.7BbRhn1XxtKVqlJaxYVNCR7HzzQ0y6RkcyhvVzyk2pbiUdDwWXXp3beZXg

Published financial data: SÉCHÉ ENVIRONNEMENT SA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	708M	673M	790M	973M	1.09B
Total Revenues	708M	673M	790M	973M	1.09B
Cost of Goods Sold, Total	315M	297M	327M	412M	458M
Gross Profit	393M	376M	463M	561M	631M
Selling General & Admin Expenses, Total	230M	205M	245M	297M	344M
Depreciation & Amortization - (IS)	73.1M	76.54M	86.43M	98.56M	104M
Other Operating Expenses	42.29M	48.97M	59.28M	74.82M	81.99M
Other Operating Expenses, Total	345M	330M	391M	470M	531M
Operating Income	47.26M	45.89M	71.69M	91.1M	101M
Interest Expense, Total	-15.49M	-17.07M	-18.04M	-18.15M	-24.02M
Interest And Investment Income	-	300K	226K	744K	2.92M
Net Interest Expenses	-15.49M	-16.77M	-17.81M	-17.41M	-21.1M
Income (Loss) On Equity Invest.	-45K	-1.48M	-908K	-1.34M	-1.32M
Currency Exchange Gains (Loss)	-321K	-1.74M	-500K	22K	-293K
Other Non Operating Income (Expenses)	-1.25M	-1.8M	-1.14M	-992K	-837K
EBT, Excl. Unusual Items	30.16M	24.1M	51.33M	71.38M	77.06M
Restructuring Charges	-800K	-400K	-	-	-
Impairment of Goodwill	-	-	-880K	-	-
Gain (Loss) On Sale Of Investments	-1.09M	-147K	-272K	-156K	-12K
Gain (Loss) On Sale Of Assets	-87K	218K	-457K	-	-
Asset Writedown	46K	-280K	-857K	337K	-
Legal Settlements	-	-22K	-101K	-174K	614K
Other Unusual Items	1.02M	-1.15M	-5.11M	-4.29M	-9.84M
EBT, Incl. Unusual Items	29.25M	22.33M	43.65M	67.1M	67.82M
Income Tax Expense	10.36M	8.4M	14.05M	19.23M	17.84M
Earnings From Continuing Operations	18.89M	13.92M	29.6M	47.87M	49.99M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	18.89M	13.92M	29.6M	47.87M	49.99M
Minority Interest	-1.06M	-107K	-1.22M	-3.26M	-2.16M
Net Income - (IS)	17.82M	13.82M	28.38M	44.61M	47.83M
Net Income to Common Incl Extra Items	17.82M	13.82M	28.38M	44.61M	47.83M
Net Income to Common Excl. Extra Items	17.82M	13.82M	28.38M	44.61M	47.83M
Per Share Items
Net EPS - Basic	2.28	1.77	3.64	5.72	6.13
Basic EPS - Continuing Operations	2.28	1.77	3.64	5.72	6.13
Basic Weighted Average Shares Outstanding	7.8M	7.8M	7.8M	7.8M	7.8M
Net EPS - Diluted	2.28	1.77	3.64	5.72	6.13
Diluted EPS - Continuing Operations	2.28	1.77	3.64	5.72	6.13
Diluted Weighted Average Shares Outstanding	7.8M	7.8M	7.8M	7.8M	7.8M
Normalized Basic EPS	2.28	1.92	3.96	5.3	5.9
Normalized Diluted EPS	2.28	1.92	3.96	5.3	5.9
Dividend Per Share	0.95	0.95	1	1.1	1.2
Payout Ratio	41.56	53.65	26.11	17.5	17.95
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	107M	107M	139M	162M	174M
EBITA	55.59M	53.94M	80.46M	99.72M	108M
EBIT	47.26M	45.89M	71.69M	91.1M	101M
EBITDAR	127M	125M	160M	186M	201M
Total Revenues (As Reported)	716M	674M	791M	975M	1.09B
Effective Tax Rate - (Ratio)	35.42	37.64	32.19	28.66	26.3
Current Domestic Taxes	-	-	-	6.55M	6.9M
Current Foreign Taxes	-	-	-	8.29M	5.1M
Total Current Taxes	9.25M	8.2M	11.82M	14.84M	12M
Deferred Domestic Taxes	-	-	-	5.61M	7.86M
Deferred Foreign Taxes	-	-	-	-1.23M	-2.02M
Total Deferred Taxes	1.11M	201K	2.24M	4.39M	5.84M
Normalized Net Income	17.78M	14.96M	30.86M	41.35M	46.01M
Interest on Long-Term Debt	17.44M	1.66M	2.03M	2.48M	3.56M
Non-Cash Pension Expense	8K	6K	6K	9K	34K
Supplemental Operating Expense Items
Net Rental Expense, Total	20.16M	18.14M	20.81M	23.57M	26.74M
Imputed Operating Lease Interest Expense	5.18M	4.49M	5M	5.03M	6.76M
Imputed Operating Lease Depreciation	14.99M	13.65M	15.82M	18.54M	19.97M
Maintenance & Repair Expenses, Total	36.36M	35.17M	34.58M	42.72M	46.59M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	92.28M	105M	172M	126M	162M
Short Term Investments	276K	227K	155K	360K	252K
Total Cash And Short Term Investments	92.55M	105M	172M	127M	162M
Accounts Receivable, Total	179M	171M	186M	246M	247M
Other Receivables	40.23M	31.5M	37.76M	40.69M	111M
Notes Receivable	122K	66K	129K	81K	156K
Total Receivables	220M	203M	224M	287M	358M
Inventory	14.55M	15.01M	17.32M	25.56M	26.87M
Prepaid Expenses	-	-	1.39M	2.5M	-
Other Current Assets, Total	3.72M	1.28M	-	148K	6.01M
Total Current Assets	331M	324M	415M	441M	553M
Gross Property Plant And Equipment	952M	974M	1.02B	1.15B	1.26B
Accumulated Depreciation	-635M	-660M	-677M	-738M	-813M
Net Property Plant And Equipment	317M	314M	345M	409M	447M
Long-term Investments	1.17M	774K	438K	2.41M	2.82M
Goodwill	310M	309M	324M	396M	435M
Other Intangibles, Total	85.15M	80.58M	78.75M	75.01M	63.5M
Accounts Receivable Long-Term	42.46M	35.74M	29.52M	30.91M	27.97M
Loans Receivable Long-Term	2.07M	2.35M	2.6M	5.34M	5.7M
Deferred Tax Assets Long-Term	24.3M	23.44M	21.45M	15.48M	10.58M
Other Long-Term Assets, Total	5.62M	4.46M	8.07M	28.94M	39.62M
Total Assets	1.12B	1.09B	1.22B	1.4B	1.59B
Liabilities
Accounts Payable, Total	123M	115M	137M	165M	195M
Accrued Expenses, Total	71.74M	71.15M	71.5M	93.75M	114M
Short-term Borrowings	11.54M	7.08M	7.68M	2.72M	3.1M
Current Portion of Long-Term Debt	39.41M	45.65M	41.42M	87.84M	113M
Current Portion of Leases	12.28M	15.08M	14.98M	20.88M	22.69M
Current Income Taxes Payable	6.44M	1.44M	922K	1.09M	1.1M
Unearned Revenue Current, Total	12.26M	7.74M	6.4M	8.5M	9.46M
Other Current Liabilities	42.31M	39.17M	35.06M	46.56M	51.06M
Total Current Liabilities	319M	302M	315M	426M	509M
Long-Term Debt	455M	458M	552M	558M	617M
Long-Term Leases	30.61M	29.88M	30.83M	44.68M	48.17M
Pension & Other Post Retirement Benefits	14.36M	16.5M	17.18M	18.03M	21.56M
Deferred Tax Liability Non Current	6.88M	6.08M	5.38M	4.89M	5.11M
Other Non Current Liabilities	28.76M	24.56M	29.04M	34.94M	37.81M
Total Liabilities	854M	837M	950M	1.09B	1.24B
Common Stock, Total	1.57M	1.57M	1.57M	1.57M	1.57M
Additional Paid In Capital	74.06M	74.06M	74.06M	74.06M	74.06M
Retained Earnings	17.82M	13.82M	28.38M	44.61M	47.83M
Treasury Stock	-3.21M	-3.6M	-3.47M	-3.38M	-3.52M
Comprehensive Income and Other	165M	167M	169M	193M	218M
Total Common Equity	255M	253M	269M	310M	338M
Minority Interest	8.1M	4.3M	5.43M	7.29M	7.97M
Total Equity	263M	257M	275M	317M	346M
Total Liabilities And Equity	1.12B	1.09B	1.22B	1.4B	1.59B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.8M	7.8M	7.8M	7.8M	7.8M
ECS Total Common Shares Outstanding	7.8M	7.8M	7.8M	7.8M	7.8M
Book Value / Share	32.72	32.43	34.53	39.73	43.36
Tangible Book Value	-139M	-137M	-133M	-161M	-160M
Tangible Book Value Per Share	-17.87	-17.53	-17.1	-20.62	-20.55
Total Debt	548M	556M	647M	714M	805M
Net Debt	456M	450M	475M	588M	642M
Debt Equivalent of Unfunded Proj. Benefit Obligation	13.07M	15M	15.75M	16.41M	19.55M
Debt Equivalent Oper. Leases	161M	145M	167M	189M	214M
Minority Interest, Total (Incl. Fin. Div)	8.1M	4.3M	5.43M	7.29M	7.97M
Equity Method Investments, Total	431K	180K	50K	1.07M	742K
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	39.93M	47.31M	47.91M	50.13M	52.95M
Buildings, Total	195M	197M	207M	238M	254M
Machinery, Total	501M	608M	625M	693M	742M
Full Time Employees	4.07K	3.99K	4.17K	4.66K	5.28K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	6.81M
Order Backlog	-	-	20M	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	17.82M	13.82M	28.38M	44.61M	47.83M
Depreciation & Amortization - CF	64.74M	67.58M	72.74M	80.95M	87.24M
Amortization of Goodwill and Intangible Assets - (CF)	8.33M	8.04M	8.77M	8.62M	7.66M
Depreciation & Amortization, Total	73.07M	75.62M	81.51M	89.57M	94.89M
Amortization of Deferred Charges, Total - (CF)	1.19M	1.54M	1.54M	2.13M	3.23M
(Gain) Loss From Sale Of Asset	835K	829K	676K	-55K	6.94M
Asset Writedown & Restructuring Costs	-61K	280K	94K	-337K	-
(Income) Loss On Equity Investments - (CF)	45K	1.48M	908K	1.34M	1.32M
Net Cash From Discontinued Operations	-	-1K	-	-	-
Other Operating Activities, Total	22.56M	16.48M	29.8M	35.83M	39.41M
Change In Accounts Receivable	-	-	-2.3M	-58.19M	-35.98M
Change In Inventories	-	-	-631K	-4.59M	-1.57M
Change In Accounts Payable	-	-	17.28M	22.43M	19.22M
Change in Other Net Operating Assets	-5.04M	11.31M	-14.99M	15.38M	12.03M
Cash from Operations	110M	121M	142M	148M	187M
Capital Expenditure	-71.77M	-66.39M	-89.56M	-99.86M	-91.83M
Sale of Property, Plant, and Equipment	2.72M	2.17M	2.12M	4.16M	3.12M
Cash Acquisitions	-69.79M	-9M	-29.34M	-76.24M	-57.8M
Divestitures	5K	52K	1K	-1.43M	-78K
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	2K	-70K	-827K	-16.11M	-22.14M
Other Investing Activities, Total	-	-	-1K	-	1K
Cash from Investing	-139M	-73.24M	-118M	-189M	-169M
Long-Term Debt Issued, Total	111M	64.43M	380M	105M	164M
Total Debt Issued	111M	64.43M	380M	105M	164M
Long-Term Debt Repaid, Total	-43.82M	-67.26M	-313M	-84.23M	-115M
Total Debt Repaid	-43.82M	-67.26M	-313M	-84.23M	-115M
Issuance of Common Stock	35K	-	202K	111K	-
Repurchase of Common Stock	-	-168K	-	-	-120K
Common Dividends Paid	-7.41M	-7.41M	-7.41M	-7.81M	-8.59M
Common & Preferred Stock Dividends Paid	-7.41M	-7.41M	-7.41M	-7.81M	-8.59M
Other Financing Activities, Total	-18.1M	-19.64M	-18.45M	-18.07M	-21.54M
Cash from Financing	41.78M	-30.04M	41.58M	-5.2M	18.76M
Foreign Exchange Rate Adjustments	566K	-631K	103K	112K	-1.68M
Miscellaneous Cash Flow Adjustments	-	4K	-	-	-1K
Net Change in Cash	13.94M	17.44M	66.34M	-46.45M	35.67M
Supplemental Items
Cash Interest Paid	15.8M	15.12M	-	14.58M	19.62M
Cash Income Tax Paid (Refund)	5.89M	11.23M	10.15M	15.8M	12.92M
Levered Free Cash Flow	17.38M	26.73M	19.84M	29.11M	33.32M
Unlevered Free Cash Flow	27.06M	37.39M	31.12M	40.46M	48.33M
Change In Net Working Capital	4.96M	2.06M	7.17M	8.32M	20.84M
Net Debt Issued / Repaid	67.26M	-2.83M	67.23M	20.57M	49.01M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.9	2.59	3.86	4.33	4.21
Return on Total Capital	3.98	3.53	5.17	5.83	5.76
Return On Equity %	7.29	5.35	11.12	16.16	15.06
Return on Common Equity	7.04	5.44	10.87	15.39	14.75
Margin Analysis
Gross Profit Margin %	55.46	55.9	58.58	57.68	57.96
SG&A Margin	32.49	30.44	31.07	30.49	31.62
EBITDA Margin %	15.12	15.85	17.64	16.7	15.96
EBITA Margin %	7.85	8.01	10.18	10.25	9.94
EBIT Margin %	6.67	6.82	9.07	9.37	9.24
Income From Continuing Operations Margin %	2.67	2.07	3.75	4.92	4.59
Net Income Margin %