Cash flow DiaSorin S.p.A.

Equities

DIA

IT0003492391

Medical Equipment, Supplies & Distribution

Market Closed - Borsa Italiana Other stock markets 16:44:59 13/09/2024 BST			5-day change	1st Jan Change
104.00 ^EUR	+1.91%		+2.82%	+11.54%

09-13	Mib closes up slightly; now focus on Fed	AN
09-13	Stock exchanges up; Eurozone industrial production falls	AN

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Published financial data: DIASORIN S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	706M	881M	1.24B	1.36B	1.15B
Total Revenues	706M	881M	1.24B	1.36B	1.15B
Cost of Goods Sold, Total	218M	278M	413M	461M	407M
Gross Profit	489M	603M	825M	901M	741M
Selling General & Admin Expenses, Total	213M	217M	305M	415M	414M
R&D Expenses	47.95M	50.8M	70.09M	96.9M	90.95M
Other Operating Expenses	5.65M	5.85M	8.67M	13.64M	6.32M
Other Operating Expenses, Total	267M	273M	384M	526M	512M
Operating Income	222M	330M	441M	375M	230M
Interest Expense, Total	-3.52M	-2.94M	-19.42M	-34.07M	-28.29M
Interest And Investment Income	2.83M	2M	284K	9.64M	15.37M
Net Interest Expenses	-684K	-938K	-19.13M	-24.43M	-12.92M
Income (Loss) On Equity Invest.	-115K	-	-	-	-
Currency Exchange Gains (Loss)	279K	-992K	2M	-	-
Other Non Operating Income (Expenses)	-447K	-486K	-476K	-354K	-2.12M
EBT, Excl. Unusual Items	221M	327M	423M	350M	214M
Restructuring Charges	-4.62M	-3.66M	-	-	-
Merger & Related Restructuring Charges	-	-	-1.92M	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-287K	-	-	-	-
Asset Writedown	-	-2.22M	-	-	-
Other Unusual Items	-	-	-21.9M	-24.06M	-13.25M
EBT, Incl. Unusual Items	216M	321M	399M	326M	201M
Income Tax Expense	40.55M	73.08M	88.6M	85.83M	42.71M
Earnings From Continuing Operations	176M	248M	311M	240M	159M
Net Income to Company	176M	248M	311M	240M	159M
Minority Interest	-	-425K	236K	797K	1.34M
Net Income - (IS)	176M	248M	311M	241M	160M
Net Income to Common Incl Extra Items	176M	248M	311M	241M	160M
Net Income to Common Excl. Extra Items	176M	248M	311M	241M	160M
Per Share Items
Net EPS - Basic	3.21	4.53	5.44	4.17	2.87
Basic EPS - Continuing Operations	3.21	4.53	5.44	4.17	2.87
Basic Weighted Average Shares Outstanding	54.71M	54.76M	57.12M	57.75M	55.75M
Net EPS - Diluted	3.2	4.5	5.4	4.15	2.87
Diluted EPS - Continuing Operations	3.2	4.5	5.4	4.15	2.87
Diluted Weighted Average Shares Outstanding	54.92M	55.08M	57.59M	58.05M	55.75M
Normalized Basic EPS	2.53	3.73	4.63	3.8	2.43
Normalized Diluted EPS	2.52	3.71	4.6	3.78	2.43
Dividend Per Share	0.95	1	1.05	1.1	1.15
Payout Ratio	28.01	21	17.59	23.68	36.89
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	270M	375M	515M	482M	333M
EBITA	240M	347M	477M	434M	283M
EBIT	222M	330M	441M	375M	230M
Effective Tax Rate - (Ratio)	18.75	22.74	22.19	26.33	21.22
Total Current Taxes	41.36M	71.79M	92.75M	65.89M	57.89M
Total Deferred Taxes	-8.3M	1.72M	-1.6M	22.99M	-12.99M
Normalized Net Income	138M	204M	265M	220M	135M
Interest on Long-Term Debt	1.38M	1.26M	8.26M	12.26M	12.36M
Non-Cash Pension Expense	745K	674K	747K	206K	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	143M	144M	211M	292M	286M
General and Administrative Expenses	69.59M	72.08M	93.27M	123M	129M
Research And Development Expense From Footnotes	47.95M	50.8M	70.09M	96.9M	90.95M
Stock-Based Comp., G&A Exp. (Total)	3.52M	-	6.43M	9.54M	10.04M
Stock-Based Comp., Other (Total)	1.3M	6.88M	-	-	-
Total Stock-Based Compensation	4.82M	6.88M	6.43M	9.54M	10.04M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	158M	340M	403M	242M	280M
Short Term Investments	44.59M	-	-	142M	98.44M
Total Cash And Short Term Investments	202M	340M	403M	384M	379M
Accounts Receivable, Total	133M	166M	218M	220M	199M
Other Receivables	7.99M	1.01M	8.66M	21.32M	30.15M
Total Receivables	140M	167M	226M	241M	229M
Inventory	171M	191M	298M	307M	316M
Other Current Assets, Total	16.99M	16.12M	30.97M	142M	59.73M
Total Current Assets	531M	714M	958M	1.07B	983M
Gross Property Plant And Equipment	331M	348M	524M	555M	-
Accumulated Depreciation	-202M	-207M	-248M	-287M	-
Net Property Plant And Equipment	128M	140M	276M	268M	256M
Long-term Investments	27K	26K	26K	26K	26K
Goodwill	165M	155M	790M	826M	799M
Other Intangibles, Total	128M	113M	854M	836M	762M
Deferred Tax Assets Long-Term	31.65M	33.08M	38.23M	34.46M	31.81M
Deferred Charges Long-Term	76.69M	84.82M	285M	316M	339M
Other Long-Term Assets, Total	3.77M	6.43M	28.91M	52.34M	40.66M
Total Assets	1.06B	1.25B	3.23B	3.41B	3.21B
Liabilities
Accounts Payable, Total	55.73M	65.48M	84.77M	104M	101M
Accrued Expenses, Total	41.16M	47.67M	65.33M	67.68M	66.16M
Current Portion of Long-Term Debt	8K	-	94.2M	112M	101M
Current Portion of Leases	4.8M	4.21M	9.64M	8.5M	8.91M
Current Income Taxes Payable	10.8M	29.83M	6.26M	13.79M	9.4M
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	9.97M	13.01M	38.03M	41.33M	34.2M
Total Current Liabilities	122M	160M	298M	347M	320M
Long-Term Debt	-	-	1.23B	1.17B	1.02B
Long-Term Leases	24.47M	30.45M	66.48M	61M	62.09M
Pension & Other Post Retirement Benefits	36.26M	41.24M	40.92M	32.48M	32.31M
Deferred Tax Liability Non Current	7.14M	10.07M	185M	229M	200M
Other Non Current Liabilities	24.59M	48.16M	43.98M	47.56M	38.44M
Total Liabilities	215M	290M	1.86B	1.89B	1.67B
Common Stock, Total	55.95M	55.95M	55.95M	55.95M	55.95M
Additional Paid In Capital	18.16M	18.16M	18.16M	18.16M	18.16M
Retained Earnings	840M	1.04B	1.3B	1.64B	1.76B
Treasury Stock	-81.85M	-110M	-120M	-281M	-297M
Comprehensive Income and Other	16M	-49.34M	116M	84.73M	3.37M
Total Common Equity	849M	955M	1.37B	1.52B	1.54B
Minority Interest	-	1.64M	1.56M	761K	-643K
Total Equity	849M	956M	1.37B	1.52B	1.54B
Total Liabilities And Equity	1.06B	1.25B	3.23B	3.41B	3.21B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	54.79M	54.76M	54.76M	53.52M	53.36M
ECS Total Common Shares Outstanding	54.79M	54.72M	54.75M	53.51M	53.36M
Book Value / Share	15.49	17.45	24.96	28.39	28.83
Tangible Book Value	556M	687M	-278M	-144M	-22.65M
Tangible Book Value Per Share	10.15	12.55	-5.07	-2.69	-0.42
Total Debt	29.28M	34.66M	1.4B	1.35B	1.19B
Net Debt	-173M	-305M	996M	968M	814M
Minority Interest, Total (Incl. Fin. Div)	-	1.64M	1.56M	761K	-643K
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	52.44M	70.4M	172M	170M	154M
Inventories - Work In Process, Total	52.27M	55.33M	82M	84.56M	82.22M
Inventories - Finished Goods, Total	73.86M	75.91M	93.82M	109M	110M
Inventories - Others	-	-	-	-20.92M	-
Land - (BS)	2.37M	2.34M	4.98M	5.16M	-
Buildings, Total	25.56M	27.64M	35.56M	42.63M	-
Machinery, Total	226M	229M	301M	318M	-
Full Time Employees	1.88K	2.02K	3.31K	3.34K	3.18K
Part Time Employees	63	42	45	42	49
Accumulated Allowance for Doubtful Accounts (Supple)	8.62M	8.74M	11.97M	13.5M	11.25M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	176M	248M	311M	241M	160M
Depreciation & Amortization - CF	35.13M	33.56M	47.11M	60.4M	61.83M
Amortization of Goodwill and Intangible Assets - (CF)	17.64M	17.57M	36.28M	58.94M	53.2M
Depreciation & Amortization, Total	52.78M	51.13M	83.39M	119M	115M
Amortization of Deferred Charges, Total - (CF)	6.2M	7.68M	12.61M	18.2M	21.86M
(Gain) Loss From Sale Of Asset	287K	123K	-384K	-	504K
Asset Writedown & Restructuring Costs	-	2.22M	-	15.72M	-
Stock-Based Compensation (CF)	4.82M	6.88M	6.43M	9.54M	10.04M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	7K	40.22M	-3.62M	13.04M	5.72M
Change In Accounts Receivable	-	-	-	-	-
Change In Inventories	-9.82M	-30.2M	-905K	-26.22M	-4.77M
Change In Accounts Payable	-1.81M	11.04M	6.79M	19.43M	-4.87M
Change in Other Net Operating Assets	4.48M	-32.41M	-14.61M	-20.62M	8.32M
Cash from Operations	233M	305M	401M	389M	312M
Capital Expenditure	-37.43M	-42.48M	-68.48M	-53.2M	-45.47M
Sale of Property, Plant, and Equipment	3.57M	1.8M	6.94M	21.3M	5.1M
Cash Acquisitions	-6.9M	-	-1.5B	-	-
Divestitures	-	-	-	-	38.44M
Sale (Purchase) of Intangible assets	-18.36M	-32.34M	-48.9M	-60.49M	-67.77M
Investment in Marketable and Equity Securities, Total	-	-1K	-	-140M	40.6M
Other Investing Activities, Total	-	-	-	-	-1K
Cash from Investing	-59.13M	-73.02M	-1.61B	-232M	-29.1M
Long-Term Debt Issued, Total	-	-	1.32B	-	-
Total Debt Issued	-	-	1.32B	-	-
Long-Term Debt Repaid, Total	-26.6M	-7.53M	-	-116M	-158M
Total Debt Repaid	-26.6M	-7.53M	-	-116M	-158M
Issuance of Common Stock	7.02M	-	-	-	-
Repurchase of Common Stock	-	-26.09M	-8.58M	-160M	-18.53M
Common Dividends Paid	-49.23M	-52.05M	-54.71M	-57.05M	-58.97M
Common & Preferred Stock Dividends Paid	-49.23M	-52.05M	-54.71M	-57.05M	-58.97M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-20.67M	44.79M	-1K	-	-
Cash from Financing	-89.48M	-40.89M	1.26B	-333M	-236M
Foreign Exchange Rate Adjustments	387K	-8.32M	17.18M	14.41M	-8.06M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-1K
Net Change in Cash	84.45M	182M	63.14M	-161M	38.54M
Supplemental Items
Cash Income Tax Paid (Refund)	42.61M	36.89M	118M	91.56M	37.09M
Levered Free Cash Flow	135M	188M	106M	144M	229M
Unlevered Free Cash Flow	137M	190M	118M	166M	247M
Change In Net Working Capital	9.94M	7.08M	143M	102M	-69.55M
Net Debt Issued / Repaid	-26.6M	-7.53M	1.32B	-116M	-158M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	14.1	17.84	12.3	7.06	4.33
Return on Total Capital	17.31	22.05	14.66	8.31	5.12
Return On Equity %	22.63	27.51	26.74	16.63	10.37
Return on Common Equity	22.63	27.49	26.8	16.7	10.46
Margin Analysis
Gross Profit Margin %	69.19	68.41	66.64	66.17	64.55
SG&A Margin	30.15	24.58	24.66	30.51	36.09
EBITDA Margin %	38.16	42.55	41.63	35.41	29.04
EBITA Margin %	33.95	39.4	38.54	31.86	24.62
EBIT Margin %	31.45	37.41	35.61	27.53	19.99
Income From Continuing Operations Margin %	24.88	28.17	25.11	17.64	13.8
Net Income Margin %	24.88	28.13	25.13	17.7	13.92
Net Avail. For Common Margin %	24.88	28.13	25.13	17.7	13.92
Normalized Net Income Margin	19.57	23.16	21.39	16.13	11.79
Levered Free Cash Flow Margin	19.07	21.33	8.53	10.59	19.94
Unlevered Free Cash Flow Margin	19.38	21.54	9.51	12.16	21.48
Asset Turnover
Asset Turnover	0.72	0.76	0.55	0.41	0.35
Fixed Assets Turnover	6.32	6.56	5.94	5	4.38
Receivables Turnover (Average Receivables)	5.36	5.91	6.46	6.22	5.49
Inventory Turnover (Average Inventory)	1.31	1.54	1.69	1.52	1.31
Short Term Liquidity
Current Ratio	4.33	4.46	3.21	3.1	3.07
Quick Ratio	2.8	3.16	2.11	1.8	1.9
Operating Cash Flow to Current Liabilities	1.9