Cash flow First Capital S.p.A.

Equities

FIC

IT0005252736

Investment Management & Fund Operators

Market Closed - Borsa Italiana Other stock markets 16:45:00 15/01/2026 GMT			5-day change	1st Jan Change
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03:14pm	First Capital REIT Brief: Announcing 2.5% Distribution Increase	MT
12-17	Mib opens higher; strength in banking stocks	AN

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Published financial data: FIRST CAPITAL S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Gain (Loss) on Sale of Investment, Total (Rev)	10.87M	31.27M	-8.73M	5.84M	1.26M
Interest And Invest. Income (Rev)	671K	1.16M	2.13M	2.09M	2.46M
Total Revenues	11.54M	32.43M	-6.6M	7.93M	3.72M
Gross Profit	11.54M	32.43M	-6.6M	7.93M	3.72M
Selling General & Admin Expenses, Total	1.38M	2.15M	1.55M	2.19M	3.1M
Depreciation & Amortization - (IS)	91.22K	91.45K	93.68K	113K	150K
Amortization of Goodwill and Intangible Assets - (IS)	6.35K	4.44K	4.17K	6.36K	36.55K
Other Operating Expenses	358K	1.48M	-835K	-83.37K	30.49K
Other Operating Expenses, Total	1.83M	3.72M	809K	2.23M	3.31M
Operating Income	9.71M	28.71M	-7.41M	5.7M	403K
Interest Expense, Total	-1.19M	-2.23M	-2.43M	-1.67M	-1.45M
Net Interest Expenses	-1.19M	-2.23M	-2.43M	-1.67M	-1.45M
Other Non Operating Income (Expenses)	-7.37K	-5.12K	-13.04K	-338	444K
EBT, Excl. Unusual Items	8.52M	26.48M	-9.85M	4.03M	-605K
Gain (Loss) On Sale Of Investments	1.36M	527K	875K	572K	1.5M
Gain (Loss) On Sale Of Assets	-	-	-	-	3.73K
Asset Writedown	-	-	-	-	39.56K
Other Unusual Items	-400K	-	-200K	-	-897
EBT, Incl. Unusual Items	9.47M	27.01M	-9.18M	4.6M	943K
Income Tax Expense	1.53M	323K	67.33K	1.17M	736K
Earnings From Continuing Operations	7.94M	26.68M	-9.25M	3.43M	207K
Net Income to Company	7.94M	26.68M	-9.25M	3.43M	207K
Minority Interest	-3.49K	-472K	338K	-787K	-863K
Net Income - (IS)	7.94M	26.21M	-8.91M	2.65M	-657K
Net Income to Common Incl Extra Items	7.94M	26.21M	-8.91M	2.65M	-657K
Net Income to Common Excl. Extra Items	7.94M	26.21M	-8.91M	2.65M	-657K
Per Share Items
Net EPS - Basic	2.97	9.31	-3.08	0.89	-0.22
Basic EPS - Continuing Operations	2.97	9.31	-3.08	0.89	-0.22
Basic Weighted Average Shares Outstanding	2.67M	2.81M	2.89M	2.97M	2.97M
Net EPS - Diluted	2.97	9.31	-3.08	0.89	-0.22
Diluted EPS - Continuing Operations	2.97	9.31	-3.08	0.89	-0.22
Diluted Weighted Average Shares Outstanding	2.67M	2.81M	2.89M	2.97M	2.97M
Normalized Basic EPS	1.99	5.71	-2.01	0.58	-0.42
Normalized Diluted EPS	1.99	5.71	-2.01	0.58	-0.42
Dividend Per Share	0.24	0.34	0.34	0.34	0.34
Payout Ratio	12.83	-	-	122.71	-50.93
Supplemental Items
EBITDA	9.72M	28.72M	-7.4M	5.72M	443K
EBITA	9.71M	28.71M	-7.41M	5.71M	431K
EBIT	9.71M	28.71M	-7.41M	5.7M	403K
EBITDAR	9.73M	28.73M	-7.39M	5.74M	500K
Effective Tax Rate - (Ratio)	16.19	1.2	-0.73	25.4	78.07
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	-	-	-	214K	300K
Total Deferred Taxes	-	-	-	955K	435K
Normalized Net Income	5.32M	16.08M	-5.82M	1.73M	-1.24M
Interest on Long-Term Debt	1.19M	1.63M	1.44M	5.64K	13.77K
Supplemental Operating Expense Items
General and Administrative Expenses	483K	607K	649K	957K	1.07M
Net Rental Expense, Total	10.41K	9.64K	9.13K	20.53K	57.53K
Imputed Operating Lease Interest Expense	3.77K	5.58K	5.3K	8.56K	23.91K
Imputed Operating Lease Depreciation	6.64K	4.06K	3.82K	11.96K	33.62K

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.47K	14M	4.47M	16.28M	3.2M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	156K	332K	455K	115K	108K
Total Cash And Short Term Investments	157K	14.33M	4.92M	16.39M	3.3M
Accounts Receivable, Total	247K	237K	193K	178K	-
Other Receivables	35.16K	61.16K	62.61K	139K	272K
Notes Receivable	18.93M	-	-	-	-
Total Receivables	19.21M	298K	255K	317K	272K
Prepaid Expenses	25.24K	44.27K	34.46K	63.84K	452K
Other Current Assets, Total	35.91K	7.01K	893	22.19K	12.41K
Total Current Assets	19.43M	14.68M	5.21M	16.8M	4.04M
Gross Property Plant And Equipment	452K	541K	546K	-	-
Accumulated Depreciation	-217K	-391K	-483K	-	-
Net Property Plant And Equipment	235K	151K	62.81K	223K	1.08M
Long-term Investments	67.73M	110M	111M	96.27M	102M
Goodwill	-	-	-	153K	371K
Other Intangibles, Total	12.77K	9.45K	12K	46.9K	981K
Deferred Tax Assets Long-Term	799K	1.31M	1.49M	873K	736K
Deferred Charges Long-Term	1.12K	0	-	-	-
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	88.21M	127M	117M	114M	109M
Liabilities
Accounts Payable, Total	69.09K	159K	214K	66.91K	164K
Accrued Expenses, Total	173K	321K	403K	765K	744K
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	-	-	47.97K	124K	169K
Current Income Taxes Payable	695	701	714	241K	38.27K
Other Current Liabilities	1.04M	2.99M	1.8M	326K	305K
Total Current Liabilities	1.28M	3.48M	2.47M	1.52M	1.42M
Long-Term Debt	27.88M	33.36M	33.43M	30.55M	24.65M
Long-Term Leases	212K	131K	-	68.74K	355K
Unearned Revenue Non Current	1.94K	1.67K	-	-	33.43K
Deferred Tax Liability Non Current	1.93M	1.46M	661K	852K	513K
Other Non Current Liabilities	75.81K	185K	104K	127K	1.14M
Total Liabilities	31.38M	38.61M	36.66M	33.12M	28.12M
Common Stock, Total	5.31M	5.89M	6.01M	6.01M	6.13M
Additional Paid In Capital	1.16M	6.13M	7.15M	7.15M	7.16M
Retained Earnings	20.07M	43M	4.21M	16.26M	15.53M
Treasury Stock	-413K	-2.71M	-2.36M	-482K	-482K
Comprehensive Income and Other	29.46M	33.34M	62.71M	49.8M	49.41M
Total Common Equity	55.58M	85.65M	77.72M	78.74M	77.74M
Minority Interest	1.24M	2.36M	3.04M	2.5M	3.6M
Total Equity	56.82M	88.01M	80.76M	81.24M	81.34M
Total Liabilities And Equity	88.21M	127M	117M	114M	109M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.67M	2.81M	2.89M	2.97M	2.97M
ECS Total Common Shares Outstanding	2.67M	2.81M	2.89M	2.97M	2.97M
Book Value / Share	20.81	30.43	26.9	26.47	26.14
Tangible Book Value	55.57M	85.64M	77.71M	78.54M	76.39M
Tangible Book Value Per Share	20.81	30.43	26.9	26.41	25.68
Total Debt	28.1M	33.49M	33.48M	30.74M	25.18M
Net Debt	27.94M	19.16M	28.56M	14.35M	21.87M
Debt Equivalent Oper. Leases	83.26K	77.12K	73.01K	164K	460K
Minority Interest, Total (Incl. Fin. Div)	1.24M	2.36M	3.04M	2.5M	3.6M
Equity Method Investments, Total	-	-	-	12.43M	13.7M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	113K	118K	120K	-	-
Full Time Employees	-	-	6	6.29	12.66

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	7.94M	26.21M	-8.91M	2.65M	-657K
Depreciation & Amortization - CF	91.22K	91.45K	93.68K	113K	150K
Amortization of Goodwill and Intangible Assets - (CF)	3.14K	1.22K	1.22K	3.12K	27.8K
Depreciation & Amortization, Total	94.35K	92.67K	94.9K	116K	178K
Amortization of Deferred Charges, Total - (CF)	3.22K	3.22K	2.95K	3.24K	8.76K
(Gain) Loss on Sale of Investments - (CF)	-9.46M	-29.75M	9.44M	-5.8M	-1.12M
Asset Writedown & Restructuring Costs	-	-	45.07K	-174K	-
Other Operating Activities, Total	2.04M	2.33M	-737K	1.86M	1.58M
Change in Trading Asset Securities	-2.39M	-11M	-9.19M	20.34M	-3.39M
Change in Other Net Operating Assets	3.3M	4.85M	-1.69M	-3.93M	-6.25M
Cash from Operations	1.53M	-7.26M	-10.95M	15.06M	-9.64M
Capital Expenditure	-1.51K	-7.3K	-5.91K	-272K	-1.01M
Sale (Purchase) of Intangible assets	-16.57K	-	-6.71K	-194K	-1.19M
Investment in Marketable and Equity Securities, Total	-8.79M	-2.27M	-1.28M	-83.87K	-1.27M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-8.81M	-2.28M	-1.29M	-550K	-3.47M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	428K	6.2M	2.5M	1.88M	124K
Repurchase of Common Stock	-	-2.29M	-	-	-
Common Dividends Paid	-1.02M	-	-	-3.25M	-334K
Common & Preferred Stock Dividends Paid	-1.02M	-	-	-3.25M	-334K
Other Financing Activities, Total	1.06M	711K	202K	-1.33M	238K
Cash from Financing	475K	4.61M	2.71M	-2.7M	27.15K
Miscellaneous Cash Flow Adjustments	1	-	-	-	-
Net Change in Cash	-6.81M	-4.93M	-9.54M	11.81M	-13.08M
Supplemental Items
Levered Free Cash Flow	11.29M	18.83M	-7.06M	992K	-3.15M
Unlevered Free Cash Flow	12.03M	20.22M	-5.54M	2.04M	-2.24M
Change In Net Working Capital	-5.88M	-2.19M	999K	1.18M	480K
Net Debt Issued / Repaid	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	7.47	16.71	-3.79	3.08	0.23
Return on Total Capital	7.77	17.39	-3.93	3.15	0.23
Return On Equity %	15.28	36.84	-10.96	4.24	0.25
Return on Common Equity	15.48	37.12	-10.9	3.38	-0.84
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	11.94	6.62	-23.44	27.63	83.31
EBITDA Margin %	84.23	88.56	112.09	72.09	11.91
EBITA Margin %	84.14	88.53	112.25	71.96	11.6
EBIT Margin %	84.11	88.53	112.26	71.92	10.85
Income From Continuing Operations Margin %	68.77	82.28	140.1	43.3	5.56
Net Income Margin %	68.74	80.82	134.98	33.38	-17.67
Net Avail. For Common Margin %	68.74	80.82	134.98	33.38	-17.67
Normalized Net Income Margin	46.08	49.58	88.19	21.85	-33.4
Levered Free Cash Flow Margin	97.8	58.07	107.04	12.51	-84.7
Unlevered Free Cash Flow Margin	104.22	62.36	84.01	25.69	-60.27
Asset Turnover
Asset Turnover	0.14	0.3	-0.05	0.07	0.03
Fixed Assets Turnover	41.29	168.33	-61.85	55.58	5.69
Short Term Liquidity
Current Ratio	15.19	4.22	2.11	11.04	2.84
Quick Ratio	0.34	4.21	2.1	10.98	2.52
Operating Cash Flow to Current Liabilities	1.19	-2.09	-4.44	9.9	-6.79
Long Term Solvency
Total Debt/Equity	49.44	38.05	41.45	37.84	30.95
Total Debt / Total Capital	33.09	27.56	29.31	27.45	23.64
LT Debt/Equity	49.44	38.05	41.39	37.69	30.74
Long-Term Debt / Total Capital	33.09	27.56	29.26	27.34	23.48
Total Liabilities / Total Assets	35.58	30.49	31.22	28.96	25.69
EBIT / Interest Expense	8.19	12.9	-3.05	3.41	0.28
EBITDA / Interest Expense	8.27	12.94	-3.01	3.48	0.4
(EBITDA - Capex) / Interest Expense	8.27	12.93	-3.01	3.32	-0.3
Total Debt / EBITDA	2.87	1.16	-4.58	5.28	43.34
Net Debt / EBITDA	2.85	0.67	-3.91	2.47	37.65
Total Debt / (EBITDA - Capex)	2.87	1.16	-4.57	5.54	-58.62
Net Debt / (EBITDA - Capex)	2.85	0.67	-3.9	2.59	-50.93
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-25.59	180.9	-120.35	-220.19	-53.14
Gross Profit, 1 Yr. Growth %	-25.59	180.9	-120.35	-220.19	-53.14
EBITDA, 1 Yr. Growth %	-22.38	208.04	-125.75	-176.13	-92.38
EBITA, 1 Yr. Growth %	-22.4	208.26	-125.8	-175.06	-92.44
EBIT, 1 Yr. Growth %	-22.42	208.36	-125.8	-174.98	-92.92
Earnings From Cont. Operations, 1 Yr. Growth %	-36.89	236.06	-134.65	-137.14	-93.98
Net Income, 1 Yr. Growth %	-36.94	230.27	-133.98	-129.72	-124.8
Normalized Net Income, 1 Yr. Growth %	-30.13	217.11	-136.2	-129.15	-171.9
Diluted EPS Before Extra, 1 Yr. Growth %	-37.9	213.33	-133.11	-128.87	-124.8
Accounts Receivable, 1 Yr. Growth %	1.89K	-4.1	-18.55	-7.53	-
Net Property, Plant and Equip., 1 Yr. Growth %	-27.65	-35.85	-58.29	254.43	386.6
Total Assets, 1 Yr. Growth %	18.83	43.56	-7.26	-2.61	-4.29
Tangible Book Value, 1 Yr. Growth %	18.35	54.12	-9.27	1.07	-2.74
Common Equity, 1 Yr. Growth %	18.38	54.1	-9.26	1.31	-1.27
Cash From Operations, 1 Yr. Growth %	-93.59	-575.21	50.76	-237.55	-164.03
Capital Expenditures, 1 Yr. Growth %	-99.6	383.06	-19.02	4.51K	270.87
Levered Free Cash Flow, 1 Yr. Growth %	-179.81	-37.16	-137.51	-113.88	-419.43
Unlevered Free Cash Flow, 1 Yr. Growth %	-186.32	-34.15	-127.41	-136.25	-210.3
Dividend Per Share, 1 Yr. Growth %	37.63	39.99	0	0	1.99
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	351.92	44.57	-24.4	-50.55	-24.95
Gross Profit, 2 Yr. CAGR %	351.92	44.57	-24.4	-50.55	-24.95
EBITDA, 2 Yr. CAGR %	118.94	51.41	-10.93	-55.38	-75.72
EBITA, 2 Yr. CAGR %	118.34	51.45	-10.82	-55.41	-76.19
EBIT, 2 Yr. CAGR %	118.23	51.45	-10.8	-55.42	-76.98
Earnings From Cont. Operations, 2 Yr. CAGR %	97.03	45.63	7.91	-64.13	-85.05
Net Income, 2 Yr. CAGR %	96.99	44.31	5.94	-68.22	-72.85
Normalized Net Income, 2 Yr. CAGR %	92.8	45.31	7.14	-67.17	-54.31
Diluted EPS Before Extra, 2 Yr. CAGR %	95.86	39.49	1.86	-69.08	-73.24
Accounts Receivable, 2 Yr. CAGR %	346.91	337.14	-11.62	-13.22	-
Net Property, Plant and Equip., 2 Yr. CAGR %	144.7	-31.87	-48.27	21.59	315.29
Total Assets, 2 Yr. CAGR %	42.19	30.61	15.38	-4.97	-3.45
Tangible Book Value, 2 Yr. CAGR %	27.68	35.06	18.25	-4.24	-0.85
Common Equity, 2 Yr. CAGR %	27.69	35.06	18.25	-4.12	0.01
Cash From Operations, 2 Yr. CAGR %	-61.3	-44.8	167.66	44	-6.15
Capital Expenditures, 2 Yr. CAGR %	-70.85	-86.07	97.79	510.97	1.21K
Levered Free Cash Flow, 2 Yr. CAGR %	4.68	15.37	-51.45	-77.05	-33.64
Unlevered Free Cash Flow, 2 Yr. CAGR %	7.25	20.45	-57.51	-68.26	-36.87
Dividend Per Share, 2 Yr. CAGR %	2.84	38.81	18.32	0	0.99
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	15	285.68	-24.8	-11.76	-51.43
Gross Profit, 3 Yr. CAGR %	15	285.68	-24.8	-11.76	-51.43
EBITDA, 3 Yr. CAGR %	20.99	141.92	-16.11	-15.04	-75.11
EBITA, 3 Yr. CAGR %	21.06	141.54	-16.05	-15.06	-75.33
EBIT, 3 Yr. CAGR %	21.06	141.48	-16.04	-15.07	-75.87
Earnings From Cont. Operations, 3 Yr. CAGR %	13.58	135.41	-9.76	-24.37	-80.21
Net Income, 3 Yr. CAGR %	13.57	134.02	-10.88	-30.65	-70.74
Normalized Net Income, 3 Yr. CAGR %	17.76	123.97	-8.57	-30.08	-57.42
Diluted EPS Before Extra, 3 Yr. CAGR %	15.36	129.07	-13.63	-33.09	-71.27
Accounts Receivable, 3 Yr. CAGR %	213.07	167.56	149.67	-10.28	-
Net Property, Plant and Equip., 3 Yr. CAGR %	97.47	56.61	-42.15	-1.75	93.04
Total Assets, 3 Yr. CAGR %	26.06	42.64	16.52	9.04	-4.74
Tangible Book Value, 3 Yr. CAGR %	13.65	35.95	18.29	12.22	-3.74
Common Equity, 3 Yr. CAGR %	13.65	35.95	18.29	12.31	-3.18
Cash From Operations, 3 Yr. CAGR %	-33.37	-10.71	-22.84	114.39	9.91
Capital Expenditures, 3 Yr. CAGR %	-42.25	-25.68	-74.95	464.96	417.31
Levered Free Cash Flow, 3 Yr. CAGR %	253.73	22.26	-20.67	-67.89	-44.91
Unlevered Free Cash Flow, 3 Yr. CAGR %	206.36	24.57	-26.46	-59.52	-51.97
Dividend Per Share, 3 Yr. CAGR %	-	13.98	24.43	11.87	0.66
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	36.13	62.21	-2.76	69.6	-24.86
Gross Profit, 5 Yr. CAGR %	36.13	62.21	-2.76	69.6	-24.86
EBITDA, 5 Yr. CAGR %	50.37	77.35	6.14	23.03	-48.75
EBITA, 5 Yr. CAGR %	50.73	77.7	6.23	22.88	-49.02
EBIT, 5 Yr. CAGR %	50.72	77.73	6.24	22.85	-49.69
Earnings From Cont. Operations, 5 Yr. CAGR %	60.99	103.59	11.28	10.92	-56.03
Net Income, 5 Yr. CAGR %	60.98	102.86	10.45	5.3	-44.6
Normalized Net Income, 5 Yr. CAGR %	56.09	86.7	12.3	3.9	-30.43
Diluted EPS Before Extra, 5 Yr. CAGR %	60.2	101.26	9.76	2.82	-45.95
Accounts Receivable, 5 Yr. CAGR %	-	58.56	88.77	70.54	-
Net Property, Plant and Equip., 5 Yr. CAGR %	51.69	28.56	15.56	41.53	27.27
Total Assets, 5 Yr. CAGR %	16.45	24.16	21.67	21.26	8.08
Tangible Book Value, 5 Yr. CAGR %	13.16	21.68	15.47	18.17	10.22
Common Equity, 5 Yr. CAGR %	13.12	21.67	15.47	18.23	10.61
Cash From Operations, 5 Yr. CAGR %	-1.08	67.82	16.21	8.1	-16.56
Capital Expenditures, 5 Yr. CAGR %	-26.18	0.45	-5.51	72.61	21.86
Levered Free Cash Flow, 5 Yr. CAGR %	-	40.45	94.3	-37.38	-25.96
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	40.08	67.66	-27.9	-30.62
Dividend Per Share, 5 Yr. CAGR %	-7.94	-2.5	-	8.17	14.47