Cash flow EKF Diagnostics Holdings plc

Equities

EKF

GB0031509804

Advanced Medical Equipment & Technology

Market Closed - London S.E. Other stock markets 16:35:05 17/09/2024 BST			5-day change	1st Jan Change
27.25 ^GBX	-0.91%		-4.89%	-13.90%

09-17	EKF Diagnostics Holdings plc Reports Earnings Results for the Half Year Ended June 30, 2024	CI
07-24	EKF Diagnostics Holdings plc Provides Earnings Guidance for the Second Half of 2024 and Full Year 2024	CI

0b6f9591342d372f6a.scvam5H93KluYO0ydg3xq4LaqjCqdm1NMeejlsaQ3p0.4qmTr-WTk-UIWbgFHn-J2NCgxUH9Dx8rXt7E8IOimNPIppfDopyD0SciuA

Published financial data: EKF DIAGNOSTICS HOLDINGS PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	44.92M	65.26M	81.84M	66.64M	52.61M
Total Revenues	44.92M	65.26M	81.84M	66.64M	52.61M
Cost of Goods Sold, Total	21.19M	27.84M	42.47M	35.82M	28.18M
Gross Profit	23.73M	37.42M	39.37M	30.81M	24.44M
Selling General & Admin Expenses, Total	12.67M	16.87M	11.24M	16.42M	14.13M
R&D Expenses	2.3M	1.4M	1.4M	1.52M	1.82M
Depreciation & Amortization - (IS)	720K	926K	1.19M	1.74M	1.65M
Amortization of Goodwill and Intangible Assets - (IS)	2.93M	2.75M	3.79M	3.5M	2.07M
Other Operating Expenses	-337K	-133K	-90K	-919K	-158K
Other Operating Expenses, Total	18.28M	21.81M	17.52M	22.26M	19.52M
Operating Income	5.45M	15.61M	21.84M	8.55M	4.91M
Interest Expense, Total	-58K	-76K	-68K	-102K	-75K
Interest And Investment Income	73K	53K	45K	131K	125K
Net Interest Expenses	15K	-23K	-23K	29K	50K
Other Non Operating Income (Expenses)	-281K	-1.52M	-289K	-	-
EBT, Excl. Unusual Items	5.18M	14.07M	21.53M	8.58M	4.96M
Restructuring Charges	-29K	-58K	-37K	-17.53M	-2.83M
Merger & Related Restructuring Charges	-	-	-164K	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	367K	1.34M	106K	2K	-
EBT, Incl. Unusual Items	5.52M	15.36M	21.44M	-8.94M	2.13M
Income Tax Expense	1.59M	3.97M	5.28M	634K	-600K
Earnings From Continuing Operations	3.93M	11.38M	16.16M	-9.58M	2.73M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	3.93M	11.38M	16.16M	-9.58M	2.73M
Minority Interest	-254K	-271K	-307K	-525K	-379K
Net Income - (IS)	3.68M	11.11M	15.85M	-10.1M	2.35M
Net Income to Common Incl Extra Items	3.68M	11.11M	15.85M	-10.1M	2.35M
Net Income to Common Excl. Extra Items	3.68M	11.11M	15.85M	-10.1M	2.35M
Per Share Items
Net EPS - Basic	0.01	0.02	0.03	-0.02	0.01
Basic EPS - Continuing Operations	0.01	0.02	0.03	-0.02	0.01
Basic Weighted Average Shares Outstanding	454M	455M	457M	457M	454M
Net EPS - Diluted	0.01	0.02	0.03	-0.02	0.01
Diluted EPS - Continuing Operations	0.01	0.02	0.03	-0.02	0.01
Diluted Weighted Average Shares Outstanding	458M	459M	461M	457M	454M
Normalized Basic EPS	0.01	0.02	0.03	0.01	0.01
Normalized Diluted EPS	0.01	0.02	0.03	0.01	0.01
Dividend Per Share	0.01	0.01	0.01	0.01	0.01
Payout Ratio	-	40.94	32.19	-54.04	231.51
Supplemental Items
EBITDA	9.04M	19.49M	26.46M	13.16M	9.25M
EBITA	7.86M	18.13M	25.03M	11.08M	6.69M
EBIT	5.45M	15.61M	21.84M	8.55M	4.91M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	28.74	25.86	24.62	-7.09	-28.16
Total Current Taxes	2M	4M	5.19M	2.88M	-1.55M
Total Deferred Taxes	-416K	-31K	85K	-2.24M	947K
Normalized Net Income	2.98M	8.53M	13.15M	4.84M	2.72M
Interest on Long-Term Debt	58K	46K	67K	56K	28K
Supplemental Operating Expense Items
General and Administrative Expenses	12.67M	16.87M	11.24M	16.42M	14.13M
Research And Development Expense From Footnotes	2.78M	1.69M	1.93M	2.6M	2.84M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	2.12M	5.29M	-1.24M	-308K	-2K
Stock-Based Comp., Other (Total)	-	-	-5.35M	-	-
Total Stock-Based Compensation	2.12M	5.29M	-6.59M	-308K	-2K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	12.07M	21.91M	20.34M	9.21M	6.02M
Total Cash And Short Term Investments	12.07M	21.91M	20.34M	9.21M	6.02M
Accounts Receivable, Total	6M	9.09M	10.86M	10.74M	5.63M
Other Receivables	1.62M	3.59M	812K	10K	2.87M
Total Receivables	7.62M	12.68M	11.67M	10.75M	8.51M
Inventory	6.07M	8.49M	13.24M	9.43M	8.77M
Prepaid Expenses	480K	870K	2.3M	-	556K
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	-	-	-	2.37M	1.71M
Total Current Assets	26.24M	43.95M	47.56M	31.76M	25.56M
Gross Property Plant And Equipment	23.72M	25.94M	31.55M	38.95M	41.94M
Accumulated Depreciation	-10.54M	-12.3M	-13.68M	-17.23M	-17.16M
Net Property Plant And Equipment	13.18M	13.64M	17.87M	21.71M	24.78M
Long-term Investments	9.9M	6.61M	7.79M	1.12M	276K
Goodwill	23.82M	24.4M	27.38M	25.12M	24.42M
Other Intangibles, Total	11.22M	9.54M	11.07M	4.7M	2.88M
Deferred Tax Assets Long-Term	34K	14K	15K	925K	18K
Deferred Charges Long-Term	2.72M	3.11M	3.44M	3.96M	2.92M
Total Assets	87.13M	101M	115M	89.29M	80.85M
Liabilities
Accounts Payable, Total	748K	2.41M	4.44M	1.5M	984K
Accrued Expenses, Total	4.74M	5.29M	3.8M	5.61M	4.34M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	175K	185K	265K	137K	2.99M
Current Portion of Leases	1M	380K	838K	873K	495K
Current Income Taxes Payable	2.82M	1.52M	3M	2.44M	504K
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	3.37M	9.63M	1.3M	1.17M	184K
Total Current Liabilities	12.86M	19.42M	13.65M	11.74M	9.5M
Long-Term Debt	480K	323K	431K	-	-
Long-Term Leases	-	690K	1.1M	537K	618K
Deferred Tax Liability Non Current	2.62M	2.64M	5.03M	2.49M	2.52M
Other Non Current Liabilities	-	-	170K	-	-
Total Liabilities	15.95M	23.06M	20.38M	14.77M	12.63M
Common Stock, Total	4.54M	4.55M	4.64M	4.55M	4.54M
Additional Paid In Capital	-	200K	7.38M	7.38M	7.38M
Retained Earnings	56.2M	63.52M	74.26M	52.46M	48.76M
Comprehensive Income and Other	9.83M	9.38M	7.85M	8.96M	6.45M
Total Common Equity	70.57M	77.65M	94.12M	73.35M	67.12M
Minority Interest	601K	552K	618K	1.18M	1.1M
Total Equity	71.17M	78.2M	94.74M	74.52M	68.22M
Total Liabilities And Equity	87.13M	101M	115M	89.29M	80.85M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	454M	455M	464M	455M	454M
ECS Total Common Shares Outstanding	454M	455M	464M	455M	454M
Book Value / Share	0.16	0.17	0.2	0.16	0.15
Tangible Book Value	35.52M	43.71M	55.67M	43.53M	39.81M
Tangible Book Value Per Share	0.08	0.1	0.12	0.1	0.09
Total Debt	1.66M	1.58M	2.63M	1.55M	4.1M
Net Debt	-10.42M	-20.34M	-17.71M	-7.66M	-1.92M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	601K	552K	618K	1.18M	1.1M
Account Code - Inventory Valuation	5	5	6	6	6
Inventories - Raw Materials, Total	4.49M	5.85M	9.12M	6.73M	6.2M
Inventories - Work In Process, Total	432K	931K	1.43M	1.05M	1.57M
Inventories - Finished Goods, Total	1.15M	1.7M	2.69M	1.66M	991K
Land - (BS)	9.7M	10.21M	10.71M	12.15M	14.51M
Machinery, Total	12.68M	13.4M	15.36M	17.06M	22.91M
Full Time Employees	309	356	386	356	317
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	181K	87K	148K	-	87K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	3.68M	11.11M	15.85M	-10.1M	2.35M
Depreciation & Amortization - CF	1.51M	1.84M	2.04M	3.1M	3.28M
Amortization of Goodwill and Intangible Assets - (CF)	2.42M	2.52M	3.19M	2.53M	1.78M
Depreciation & Amortization, Total	3.93M	4.36M	5.23M	5.62M	5.06M
Amortization of Deferred Charges, Total - (CF)	512K	246K	656K	1.03M	416K
(Gain) Loss From Sale Of Asset	14K	-14K	-13K	28K	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	2.12M	4.78M	-6.59M	-308K	-2K
Provision and Write-off of Bad Debts	212K	45K	58K	127K	214K
Other Operating Activities, Total	406K	-2.63M	1.7M	15M	-676K
Change In Accounts Receivable	-327K	-3.43M	-3.27M	1.28M	2.5M
Change In Inventories	37K	-2.56M	-4.6M	-815K	-745K
Change In Accounts Payable	-5.48M	1.89M	1.22M	-2.18M	-2.8M
Cash from Operations	5.1M	13.81M	10.24M	9.69M	6.31M
Capital Expenditure	-1.42M	-1.63M	-4.34M	-4.43M	-6.6M
Sale of Property, Plant, and Equipment	30K	68K	43K	229K	-
Cash Acquisitions	-	-	84K	-403K	-
Sale (Purchase) of Intangible assets	-957K	-1.01M	-1.31M	-1.39M	-377K
Investment in Marketable and Equity Securities, Total	-124K	3.86M	-	-2.93M	1.33M
Other Investing Activities, Total	73K	53K	45K	-	-
Cash from Investing	-2.4M	1.34M	-5.48M	-8.93M	-5.64M
Long-Term Debt Issued, Total	-	-	-	-	3M
Total Debt Issued	-	-	-	-	3M
Long-Term Debt Repaid, Total	-561K	-652K	-821K	-1.68M	-1.03M
Total Debt Repaid	-561K	-652K	-821K	-1.68M	-1.03M
Issuance of Common Stock	-	209K	-	-	-
Repurchase of Common Stock	-	-	-	-3.9M	-
Common Dividends Paid	-	-4.55M	-5.1M	-5.46M	-5.44M
Common & Preferred Stock Dividends Paid	-	-4.55M	-5.1M	-5.46M	-5.44M
Other Financing Activities, Total	-73K	-216K	-231K	-	-171K
Cash from Financing	-634K	-5.21M	-6.16M	-11.04M	-3.65M
Foreign Exchange Rate Adjustments	-278K	-97K	-178K	1.52M	-875K
Net Change in Cash	1.79M	9.84M	-1.57M	-8.76M	-3.85M
Supplemental Items
Cash Interest Paid	21K	47K	-	46K	47K
Cash Income Tax Paid (Refund)	1.4M	6.94M	3.93M	3.01M	2.59M
Levered Free Cash Flow	5.19M	16.27M	-4.22M	8.65M	-180K
Unlevered Free Cash Flow	5.23M	16.32M	-4.18M	8.71M	-133K
Change In Net Working Capital	2.36M	697K	11.48M	-2.85M	1.7M
Net Debt Issued / Repaid	-561K	-652K	-821K	-1.68M	1.97M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.04	10.36	12.62	5.23	3.61
Return on Total Capital	4.95	12.79	15.41	6.16	4.14
Return On Equity %	5.82	15.24	18.69	-11.31	3.83
Return on Common Equity	5.49	15	18.46	-12.06	3.35
Margin Analysis
Gross Profit Margin %	52.82	57.34	48.1	46.24	46.45
SG&A Margin	28.21	25.85	13.73	24.64	26.87
EBITDA Margin %	20.12	29.86	32.33	19.75	17.59
EBITA Margin %	17.51	27.79	30.59	16.63	12.72
EBIT Margin %	12.12	23.92	26.69	12.84	9.34
Income From Continuing Operations Margin %	8.75	17.45	19.74	-14.37	5.19
Net Income Margin %	8.19	17.03	19.37	-15.16	4.47
Net Avail. For Common Margin %	8.19	17.03	19.37	-15.16	4.47
Normalized Net Income Margin	6.64	13.06	16.07	7.26	5.18
Levered Free Cash Flow Margin	11.56	24.93	-5.16	12.98	-0.34
Unlevered Free Cash Flow Margin	11.64	25.01	-5.1	13.08	-0.25
Asset Turnover
Asset Turnover	0.53	0.69	0.76	0.65	0.62
Fixed Assets Turnover	3.5	4.87	5.2	3.37	2.26
Receivables Turnover (Average Receivables)	7.7	8.65	8.2	6.17	7.8
Inventory Turnover (Average Inventory)	3.48	3.82	3.91	3.16	3.1
Short Term Liquidity
Current Ratio	2.04	2.26	3.48	2.71	2.69
Quick Ratio	1.53	1.78	2.35	1.7	1.53
Operating Cash Flow to Current Liabilities	0.4	0.71	0.75	0.83	0.66
Days Sales Outstanding (Average Receivables)	47.37	42.33