Cash flow Bridgepoint Group plc

Equities

BPT

GB00BND88V85

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 16:35:11 19/09/2024 BST			5-day change	1st Jan Change
383.20 ^GBX	+3.74%		+10.88%	+37.25%

09-17	Berenberg, Peel cut TT Electronics to 'hold'	AN
09-04	Bridgepoint Group plc Appoints Ruth Catherine Prior as Director	CI

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Published financial data: BRIDGEPOINT GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	148M	149M	198M	242M	265M
Gain (Loss) on Sale of Investment, Total (Rev)	-	-	56.9M	40.7M	25.3M
Interest And Invest. Income (Rev)	-	-	14.3M	24.2M	30M
Other Revenues, Total	-	-	-	1M	-
Total Revenues	148M	149M	269M	307M	321M
Cost of Goods Sold, Total	-	-	121M	126M	132M
Gross Profit	148M	149M	148M	182M	189M
Selling General & Admin Expenses, Total	122M	130M	200K	300K	400K
Depreciation & Amortization - (IS)	-	1.97M	15M	18.3M	18.7M
Amortization of Goodwill and Intangible Assets - (IS)	-	573K	-	-	-
Other Operating Expenses	-	-	34.5M	42.1M	43.8M
Other Operating Expenses, Total	122M	133M	49.7M	60.7M	62.9M
Operating Income	25.42M	15.9M	97.8M	121M	126M
Interest Expense, Total	-2.78M	-3.14M	-5.9M	-4.7M	-5.3M
Interest And Investment Income	3.01M	46K	-	2.3M	9M
Net Interest Expenses	231K	-3.1M	-5.9M	-2.4M	3.7M
Currency Exchange Gains (Loss)	-11.75M	8.64M	1.1M	1.1M	-2.4M
Other Non Operating Income (Expenses)	4.38M	3.28M	-5.6M	-2.6M	-600K
EBT, Excl. Unusual Items	18.28M	24.73M	87.4M	117M	127M
Impairment of Goodwill	-	-2.13M	-	-	-
Gain (Loss) On Sale Of Investments	50.93M	20.69M	-	-	-
Other Unusual Items	-	-	-24.8M	10.4M	-40.8M
EBT, Incl. Unusual Items	69.21M	43.29M	62.6M	127M	86M
Income Tax Expense	6.95M	466K	4.8M	6.8M	15.3M
Earnings From Continuing Operations	62.26M	42.82M	57.8M	121M	70.7M
Net Income to Company	62.26M	42.82M	57.8M	121M	70.7M
Minority Interest	-18.11M	-10.12M	-	-	-
Net Income - (IS)	44.15M	32.71M	57.8M	121M	70.7M
Net Income to Common Incl Extra Items	44.15M	32.71M	57.8M	121M	70.7M
Net Income to Common Excl. Extra Items	44.15M	32.71M	57.8M	121M	70.7M
Per Share Items
Net EPS - Basic	12.64	9.37	0.16	0.15	0.09
Basic EPS - Continuing Operations	12.64	9.37	0.16	0.15	0.09
Basic Weighted Average Shares Outstanding	3.49M	3.49M	356M	823M	808M
Net EPS - Diluted	12.64	9.37	0.16	0.15	0.09
Diluted EPS - Continuing Operations	12.64	9.37	0.16	0.15	0.09
Diluted Weighted Average Shares Outstanding	3.49M	3.49M	356M	823M	808M
Normalized Basic EPS	-1.91	1.53	0.15	0.09	0.1
Normalized Diluted EPS	-1.91	1.53	0.15	0.09	0.1
Dividend Per Share	2.5	-	0.04	0.08	0.09
Payout Ratio	14.91	19.94	51.9	52.07	96.18
Supplemental Items
EBITDA	27.09M	18.44M	104M	129M	133M
EBITA	25.42M	16.47M	101M	124M	129M
EBIT	25.42M	15.9M	97.8M	121M	126M
EBITDAR	34.09M	25.66M	104M	129M	134M
Total Revenues (As Reported)	-	-	271M	307M	322M
Effective Tax Rate - (Ratio)	10.04	1.08	7.67	5.34	17.79
Total Current Taxes	2.34M	1.87M	3.1M	3.8M	3M
Total Deferred Taxes	4.61M	-1.4M	1.7M	3M	12.3M
Normalized Net Income	-6.69M	5.34M	54.62M	73.12M	79.25M
Interest on Long-Term Debt	-	-	8.4M	5.7M	3.9M
Supplemental Operating Expense Items
General and Administrative Expenses	122M	35.4M	-	-	-
Net Rental Expense, Total	7.01M	7.22M	200K	300K	400K
Imputed Operating Lease Interest Expense	2.6M	2.55M	83.36K	101K	153K
Imputed Operating Lease Depreciation	4.4M	4.66M	117K	199K	247K
Stock-Based Comp., COGS (Total)	-	-	3.2M	400K	4.5M
Total Stock-Based Compensation	-	-	3.2M	400K	4.5M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	12.08M	42.37M	323M	196M	239M
Short Term Investments	-	-	-	100M	7.5M
Total Cash And Short Term Investments	12.08M	42.37M	323M	296M	246M
Accounts Receivable, Total	-	-	16M	12.2M	17.5M
Other Receivables	34.84M	171M	60.8M	166M	89.3M
Total Receivables	34.84M	171M	76.8M	179M	107M
Prepaid Expenses	3.25M	4.78M	11.4M	6.2M	11.4M
Restricted Cash	-	115M	4.2M	24.6M	76M
Other Current Assets, Total	71.75M	272M	297M	742M	1.36B
Total Current Assets	122M	606M	712M	1.25B	1.8B
Gross Property Plant And Equipment	16.46M	19.85M	103M	113M	114M
Accumulated Depreciation	-8.83M	-10.87M	-27.6M	-27.9M	-40.4M
Net Property Plant And Equipment	7.63M	8.98M	75.8M	85.5M	73.7M
Long-term Investments	206M	233M	314M	273M	301M
Goodwill	-	110M	105M	105M	105M
Other Intangibles, Total	-	20.66M	17.5M	14.5M	11.5M
Accounts Receivable Long-Term	-	-	16.9M	19.9M	23.2M
Deferred Charges Long-Term	109M	-	-	-	-
Other Long-Term Assets, Total	17.9M	18.18M	38.9M	42M	67.3M
Total Assets	462M	997M	1.28B	1.79B	2.38B
Liabilities
Accounts Payable, Total	5.01M	5.1M	8M	1.3M	9.1M
Accrued Expenses, Total	34.26M	76.37M	73.6M	81.8M	114M
Current Portion of Long-Term Debt	23.04M	99.71M	-	-	-
Current Portion of Leases	-	-	4M	6.1M	11.9M
Current Income Taxes Payable	1.58M	73K	-	-	-
Deferred Tax Liability Current	15.75M	-	-	-	-
Other Current Liabilities	874K	120M	45.9M	169M	203M
Total Current Liabilities	80.51M	301M	132M	258M	338M
Long-Term Debt	19.23M	-	-	28.1M	28.5M
Long-Term Leases	-	-	80.8M	77.1M	69.7M
Deferred Tax Liability Non Current	-	17.18M	19.7M	19.4M	33.9M
Other Non Current Liabilities	1.41M	293M	332M	632M	1.19B
Total Liabilities	101M	611M	564M	1.02B	1.66B
Common Stock, Total	241M	241M	100K	100K	100K
Additional Paid In Capital	547K	547K	290M	290M	290M
Retained Earnings	-1.22M	41.81M	413M	474M	419M
Comprehensive Income and Other	27.23M	22.37M	13.8M	9.1M	12.6M
Total Common Equity	267M	306M	716M	773M	721M
Minority Interest	93.86M	80.8M	-	-	-
Total Equity	361M	386M	716M	773M	721M
Total Liabilities And Equity	462M	997M	1.28B	1.79B	2.38B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.49M	3.49M	823M	822M	794M
ECS Total Common Shares Outstanding	3.49M	3.49M	823M	822M	794M
Book Value / Share	76.58	87.51	0.87	0.94	0.91
Tangible Book Value	267M	175M	594M	653M	605M
Tangible Book Value Per Share	76.58	50.01	0.72	0.79	0.76
Total Debt	42.26M	99.71M	84.8M	111M	110M
Net Debt	30.18M	57.34M	-238M	-185M	-136M
Debt Equivalent Oper. Leases	56.05M	57.74M	1.6M	2.4M	3.2M
Minority Interest, Total (Incl. Fin. Div)	93.86M	80.8M	-	-	-
Account Code - Inventory Valuation	-	3	3	3	3
Machinery, Total	7.78M	9.95M	10.8M	10.5M	12M
Full Time Employees	279	316	344	377	391

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	44.15M	32.71M	57.8M	121M	70.7M
Depreciation & Amortization - CF	1.67M	1.97M	11.9M	15.3M	13.7M
Amortization of Goodwill and Intangible Assets - (CF)	-	573K	3.1M	3M	3M
Depreciation & Amortization, Total	1.67M	2.54M	15M	18.3M	16.7M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	800K
(Gain) Loss From Sale Of Asset	-	-	-600K	400K	1.2M
(Gain) Loss on Sale of Investments - (CF)	-50.93M	-20.69M	-56.9M	-40.7M	-25.3M
Asset Writedown & Restructuring Costs	-	2.13M	-	-	-
Stock-Based Compensation (CF)	-	-	2.9M	400K	4.2M
Other Operating Activities, Total	28.4M	-2.5M	17.3M	-25.6M	-23.7M
Change In Accounts Receivable	-6.01M	-16.02M	-10.3M	-46.4M	-5.6M
Change In Accounts Payable	-24.8M	22.44M	-2.1M	6.9M	56M
Cash from Operations	-7.53M	20.61M	23.1M	33.9M	95M
Capital Expenditure	-3.68M	-3.24M	-6.3M	-22.6M	-4M
Cash Acquisitions	-	-84.41M	-	45.6M	-
Investment in Marketable and Equity Securities, Total	31.13M	-22.25M	-186M	-84.8M	-321M
Other Investing Activities, Total	231K	-	29.1M	4.5M	4.7M
Cash from Investing	27.68M	-110M	-163M	-57.3M	-320M
Long-Term Debt Issued, Total	-	372M	118M	-	149M
Total Debt Issued	-	372M	118M	-	149M
Long-Term Debt Repaid, Total	-35.05M	-198M	-155M	-19.4M	-265M
Total Debt Repaid	-35.05M	-198M	-155M	-19.4M	-265M
Issuance of Common Stock	552K	-	305M	-	-
Repurchase of Common Stock	-	-	-	-	-60.2M
Common Dividends Paid	-6.58M	-6.52M	-30M	-62.8M	-68M
Common & Preferred Stock Dividends Paid	-6.58M	-6.52M	-30M	-62.8M	-68M
Other Financing Activities, Total	-2.84M	63.95M	80.7M	-4.4M	570M
Cash from Financing	-43.93M	231M	319M	-86.6M	326M
Foreign Exchange Rate Adjustments	-1.22M	2.94M	-8.5M	3.3M	-6.4M
Net Change in Cash	-24.99M	145M	170M	-107M	94.2M
Supplemental Items
Cash Interest Paid	2.78M	3.06M	5.9M	4.7M	7.2M
Cash Income Tax Paid (Refund)	2.27M	4.03M	1.4M	1.7M	4.7M
Levered Free Cash Flow	-89.75M	-179M	171M	-370M	-430M
Unlevered Free Cash Flow	-88.01M	-177M	174M	-367M	-427M
Change In Net Working Capital	102M	186M	-101M	438M	524M
Net Debt Issued / Repaid	-35.05M	174M	-37.2M	-19.4M	-116M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.43	1.36	5.26	4.93	3.78
Return on Total Capital	4.04	2.24	9.17	8.82	9.19
Return On Equity %	18.69	11.52	10.44	16.2	9.47
Return on Common Equity	17.88	11.44	11.28	16.2	9.47
Margin Analysis
Gross Profit Margin %	100	100	54.85	59.08	58.95
SG&A Margin	82.81	87.59	0.07	0.1	0.12
EBITDA Margin %	18.32	12.41	38.6	41.83	41.55
EBITA Margin %	17.19	11.08	37.52	40.31	40.27
EBIT Margin %	17.19	10.69	36.37	39.33	39.33
Income From Continuing Operations Margin %	42.1	28.81	21.49	39.23	22.05
Net Income Margin %	29.85	22	21.49	39.23	22.05
Net Avail. For Common Margin %	29.85	22	21.49	39.23	22.05
Normalized Net Income Margin	-4.52	3.59	20.31	23.79	24.72
Levered Free Cash Flow Margin	-60.69	-120.32	63.42	-120.23	-134.12
Unlevered Free Cash Flow Margin	-59.51	-119	64.79	-119.27	-133.09
Asset Turnover
Asset Turnover	0.32	0.2	0.23	0.2	0.15
Fixed Assets Turnover	22.06	17.9	4.58	3.81	4.03
Receivables Turnover (Average Receivables)	-	-	13.59	17.13	17.87
Short Term Liquidity
Current Ratio	1.51	2.01	5.42	4.84	5.32
Quick Ratio	0.58	0.71	3.04	1.84	1.05
Operating Cash Flow to Current Liabilities	-0.09	0.07	0.18	0.13	0.28
Days Sales Outstanding (Average Receivables)	-	-	26.86	21.31	20.43
Average Days Payable Outstanding	-	-	19.69	13.49	14.42
Long Term Solvency
Total Debt/Equity	11.7	25.8	11.84	14.4	15.27
Total Debt / Total Capital	10.47	20.51	10.59	12.59	13.24
LT Debt/Equity	5.32	-	11.28	13.61	13.62
Long-Term Debt / Total Capital	4.76	-	10.09	11.9	11.81
Total Liabilities / Total Assets	21.87	61.26	44.04	56.78	69.67
EBIT / Interest Expense	9.15	5.06	16.58	25.72	23.79
EBITDA / Interest Expense	9.75	5.87	19.12	29.62	26.94
(EBITDA - Capex) / Interest Expense	8.42	4.84	18.05	24.81	26.19
Total Debt / EBITDA	1.56	5.41	0.75	0.8	0.77
Net Debt / EBITDA	1.11	3.11	-2.11	-1.33	-0.95
Total Debt / (EBITDA - Capex)	1.81	6.56	0.8	0.95	0.79
Net Debt / (EBITDA - Capex)	1.29	3.77	-2.24	-1.58	-0.98
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-40.35	0.53	40.86	13.6	4.63
Gross Profit, 1 Yr. Growth %	-40.35	0.53	55.43	21.72	4.65
EBITDA, 1 Yr. Growth %	-202.78	-31.64	71.85	23.89	3.58
EBITA, 1 Yr. Growth %	-186.32	-34.91	72.77	22.79	4.2
EBIT, 1 Yr. Growth %	-186.32	-37.17	69.2	23.62	4.3
Earnings From Cont. Operations, 1 Yr. Growth %	-2.08K	-30.26	21.17	108.65	-41.38
Net Income, 1 Yr. Growth %	-329.32	-25.75	58.36	108.65	-41.38
Normalized Net Income, 1 Yr. Growth %	-79.44	-182.61	156.46	33.87	8.38
Diluted EPS Before Extra, 1 Yr. Growth %	-	-25.75	-98.62	-9.78	-40.3
Accounts Receivable, 1 Yr. Growth %	-	-	22.14	-23.75	43.44
Net Property, Plant and Equip., 1 Yr. Growth %	31.94	17.81	82.21	12.8	-13.8
Total Assets, 1 Yr. Growth %	-0.47	115.68	22.5	39.66	33
Tangible Book Value, 1 Yr. Growth %	18.14	-34.35	224.25	10	-7.43
Common Equity, 1 Yr. Growth %	18.14	14.89	131.96	7.87	-6.66
Cash From Operations, 1 Yr. Growth %	-115.35	-373.81	-18.66	621.28	180.24
Capital Expenditures, 1 Yr. Growth %	-43.04	-12.19	96.88	258.73	-82.3
Levered Free Cash Flow, 1 Yr. Growth %	-	501.38	-214.91	-316.71	16.35
Unlevered Free Cash Flow, 1 Yr. Growth %	-	531.65	-219.87	-310.44	16.38
Dividend Per Share, 1 Yr. Growth %	-50	-	-	119.78	10
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-22.56	34.84	26.9	8.85
Gross Profit, 2 Yr. CAGR %	-	-22.56	-0.13	38.33	12.55
EBITDA, 2 Yr. CAGR %	-	-16.34	96.15	45.92	13.28
EBITA, 2 Yr. CAGR %	-	-25.2	99.67	45.66	13.11
EBIT, 2 Yr. CAGR %	-	-26.51	96.58	44.63	13.55
Earnings From Cont. Operations, 2 Yr. CAGR %	-	170.19	-2.98	59.01	10.6
Net Income, 2 Yr. CAGR %	-	32.43	14.54	81.77	10.6
Normalized Net Income, 2 Yr. CAGR %	-	-58.43	190.72	85.29	20.45
Diluted EPS Before Extra, 2 Yr. CAGR %