Cash flow HEXPOL AB

Equities

HPOL B

SE0007074281

Specialty Chemicals

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Published financial data: HEXPOL AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	13.42B	16B	22.24B	22.05B	20.44B
Total Revenues	13.42B	16B	22.24B	22.05B	20.44B
Cost of Goods Sold, Total	10.48B	12.5B	17.9B	17.19B	16.05B
Gross Profit	2.95B	3.5B	4.34B	4.86B	4.38B
Selling General & Admin Expenses, Total	904M	698M	957M	1.1B	1.03B
R&D Expenses	97M	111M	137M	152M	136M
Other Operating Expenses	-8M	-670M	-21M	-53M	-41M
Other Operating Expenses, Total	993M	139M	1.07B	1.2B	1.12B
Operating Income	1.96B	3.36B	3.27B	3.66B	3.26B
Interest Expense, Total	-56M	-43M	-97M	-231M	-229M
Interest And Investment Income	3M	2M	23M	69M	79M
Net Interest Expenses	-53M	-41M	-74M	-162M	-150M
Currency Exchange Gains (Loss)	-1M	5M	36M	-51M	-16M
Other Non Operating Income (Expenses)	-26M	-7M	-8M	-17M	-5M
EBT, Excl. Unusual Items	1.88B	3.32B	3.22B	3.44B	3.09B
Restructuring Charges	-20M	-	-	-	-
Merger & Related Restructuring Charges	-	-	-11M	-6M	-14M
Other Unusual Items	-	-291M	30M	-83M	-75M
EBT, Incl. Unusual Items	1.86B	3.03B	3.24B	3.35B	3B
Income Tax Expense	446M	673M	761M	822M	781M
Earnings From Continuing Operations	1.41B	2.36B	2.48B	2.52B	2.22B
Net Income to Company	1.41B	2.36B	2.48B	2.52B	2.22B
Net Income - (IS)	1.41B	2.36B	2.48B	2.52B	2.22B
Net Income to Common Incl Extra Items	1.41B	2.36B	2.48B	2.52B	2.22B
Net Income to Common Excl. Extra Items	1.41B	2.36B	2.48B	2.52B	2.22B
Per Share Items
Net EPS - Basic	4.09	6.85	7.21	7.33	6.45
Basic EPS - Continuing Operations	4.09	6.85	7.21	7.33	6.45
Basic Weighted Average Shares Outstanding	344M	344M	344M	344M	344M
Net EPS - Diluted	4.09	6.85	7.21	7.33	6.45
Diluted EPS - Continuing Operations	4.09	6.85	7.21	7.33	6.45
Diluted Weighted Average Shares Outstanding	344M	344M	344M	344M	344M
Normalized Basic EPS	3.4	6.03	5.85	6.23	5.61
Normalized Diluted EPS	3.4	6.03	5.85	6.23	5.61
Dividend Per Share	2.3	3	3.6	4	4.2
Payout Ratio	56.21	33.59	41.62	49.29	62.16
Supplemental Items
EBITDA	2.31B	3.67B	3.67B	4.13B	3.76B
EBITA	2.03B	3.44B	3.37B	3.79B	3.4B
EBIT	1.96B	3.36B	3.27B	3.66B	3.26B
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	24.04	22.2	23.46	24.57	26.02
Total Current Taxes	460M	682M	701M	799M	706M
Total Deferred Taxes	-14M	-9M	60M	23M	75M
Normalized Net Income	1.17B	2.08B	2.02B	2.15B	1.93B
Interest on Long-Term Debt	15M	12M	13M	17M	21M
Non-Cash Pension Expense	9M	2M	2M	1M	-7M
Supplemental Operating Expense Items
Selling and Marketing Expenses	272M	119M	216M	243M	236M
General and Administrative Expenses	632M	579M	741M	853M	793M
Research And Development Expense From Footnotes	97M	111M	137M	152M	136M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.2B	1.32B	1.54B	1.1B	1.23B
Total Cash And Short Term Investments	1.2B	1.32B	1.54B	1.1B	1.23B
Accounts Receivable, Total	1.74B	2.4B	3.08B	2.58B	2.67B
Other Receivables	179M	212M	384M	552M	495M
Total Receivables	1.92B	2.61B	3.46B	3.13B	3.17B
Inventory	1.09B	1.74B	2.45B	2.09B	2.22B
Prepaid Expenses	39M	55M	77M	82M	91M
Total Current Assets	4.26B	5.73B	7.53B	6.4B	6.72B
Gross Property Plant And Equipment	6.02B	6.67B	8.11B	8.45B	9.05B
Accumulated Depreciation	-3.75B	-4.24B	-4.88B	-4.95B	-5.27B
Net Property Plant And Equipment	2.26B	2.43B	3.23B	3.5B	3.78B
Long-term Investments	-	-	-	-	-
Goodwill	7.93B	9.09B	11.89B	11.67B	13.5B
Other Intangibles, Total	575M	637M	785M	832M	788M
Deferred Tax Assets Long-Term	51M	79M	102M	97M	99M
Other Long-Term Assets, Total	3M	3M	7M	5M	5M
Total Assets	15.07B	17.96B	23.55B	22.51B	24.88B
Liabilities
Accounts Payable, Total	1.8B	2.43B	3.11B	2.74B	2.56B
Accrued Expenses, Total	440M	561M	657M	664M	839M
Short-term Borrowings	9M	-	1.52B	1.88B	2.99B
Current Portion of Long-Term Debt	-	1.83B	951M	1M	-
Current Portion of Leases	88M	95M	100M	117M	134M
Current Income Taxes Payable	153M	267M	252M	339M	194M
Other Current Liabilities	132M	106M	132M	184M	538M
Total Current Liabilities	2.62B	5.29B	6.72B	5.92B	7.25B
Long-Term Debt	2.43B	1M	1.49B	350M	-
Long-Term Leases	271M	300M	328M	335M	350M
Pension & Other Post Retirement Benefits	64M	66M	68M	69M	62M
Deferred Tax Liability Non Current	521M	602M	825M	832M	966M
Other Non Current Liabilities	38M	58M	348M	422M	310M
Total Liabilities	5.94B	6.31B	9.79B	7.93B	8.94B
Common Stock, Total	69M	69M	69M	69M	69M
Additional Paid In Capital	619M	619M	619M	619M	619M
Retained Earnings	7.85B	9.42B	9.83B	11.11B	11.26B
Comprehensive Income and Other	596M	1.55B	3.25B	2.78B	4B
Total Common Equity	9.13B	11.65B	13.77B	14.58B	15.94B
Total Equity	9.13B	11.65B	13.77B	14.58B	15.94B
Total Liabilities And Equity	15.07B	17.96B	23.55B	22.51B	24.88B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	344M	344M	344M	344M	344M
ECS Total Common Shares Outstanding	344M	344M	344M	344M	344M
Book Value / Share	26.53	33.82	39.97	42.32	46.29
Tangible Book Value	631M	1.93B	1.09B	2.08B	1.66B
Tangible Book Value Per Share	1.83	5.59	3.16	6.03	4.82
Total Debt	2.8B	2.22B	4.39B	2.68B	3.47B
Net Debt	1.6B	902M	2.85B	1.58B	2.24B
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	733M	1.3B	1.67B	1.33B	1.38B
Inventories - Work In Process, Total	52M	70M	154M	193M	161M
Inventories - Finished Goods, Total	309M	369M	631M	573M	683M
Land - (BS)	1.19B	1.29B	1.65B	1.78B	1.9B
Machinery, Total	4.49B	5.04B	6.1B	6.28B	6.71B
Full Time Employees	4.55K	4.77K	5.08K	5.06K	4.96K
Accumulated Allowance for Doubtful Accounts (Supple)	53M	39M	42M	44M	36M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	1.41B	2.36B	2.48B	2.52B	2.22B
Depreciation & Amortization - CF	363M	309M	389M	418M	448M
Amortization of Goodwill and Intangible Assets - (CF)	77M	75M	98M	128M	137M
Depreciation & Amortization, Total	440M	384M	487M	546M	585M
Asset Writedown & Restructuring Costs	-	87M	5M	-2M	3M
Other Operating Activities, Total	112M	87M	-72M	-101M	26M
Change In Accounts Receivable	273M	-	-474M	827M	194M
Change in Other Net Operating Assets	142M	-510M	164M	-269M	-332M
Cash from Operations	2.38B	2.41B	2.59B	3.52B	2.7B
Capital Expenditure	-239M	-293M	-652M	-675M	-594M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-412M	-558M	-1.51B	-211M	-895M
Sale (Purchase) of Intangible assets	-14M	-11M	-7M	-9M	-16M
Cash from Investing	-665M	-862M	-2.17B	-895M	-1.5B
Long-Term Debt Issued, Total	2.02B	1.95B	2.58B	492M	1.21B
Total Debt Issued	2.02B	1.95B	2.58B	492M	1.21B
Long-Term Debt Repaid, Total	-3.22B	-2.53B	-405M	-2.2B	-423M
Total Debt Repaid	-3.22B	-2.53B	-405M	-2.2B	-423M
Issuance of Common Stock	21M	-	-	-	-
Common Dividends Paid	-792M	-792M	-1.03B	-1.24B	-1.38B
Common & Preferred Stock Dividends Paid	-792M	-792M	-1.03B	-1.24B	-1.38B
Special Dividend Paid	-	-	-1.03B	-	-690M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-1.98B	-1.37B	104M	-2.95B	-1.28B
Foreign Exchange Rate Adjustments	-157M	-58M	-305M	-114M	219M
Net Change in Cash	-424M	120M	221M	-438M	130M
Supplemental Items
Cash Interest Paid	46M	81M	129M	317M	278M
Cash Income Tax Paid (Refund)	385M	579M	839M	904M	751M
Levered Free Cash Flow	1.53B	1.65B	1.01B	2.47B	1.89B
Unlevered Free Cash Flow	1.57B	1.68B	1.07B	2.62B	2.03B
Change In Net Working Capital	-160M	507M	799M	-464M	-21M
Net Debt Issued / Repaid	-1.21B	-574M	2.17B	-1.71B	790M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	7.52	12.73	9.85	9.95	8.6
Return on Total Capital	9.51	16.3	12.76	12.93	11.11
Return On Equity %	14.92	22.69	19.54	17.81	14.55
Return on Common Equity	14.92	22.69	19.54	17.81	14.55
Margin Analysis
Gross Profit Margin %	21.96	21.89	19.53	22.04	21.46
SG&A Margin	6.73	4.36	4.3	4.97	5.03
EBITDA Margin %	17.24	22.91	16.51	18.73	18.38
EBITA Margin %	15.14	21.49	15.15	17.2	16.63
EBIT Margin %	14.56	21.02	14.71	16.62	15.96
Income From Continuing Operations Margin %	10.5	14.73	11.16	11.45	10.86
Net Income Margin %	10.5	14.73	11.16	11.45	10.86
Net Avail. For Common Margin %	10.5	14.73	11.16	11.45	10.86
Normalized Net Income Margin	8.73	12.97	9.06	9.74	9.45
Levered Free Cash Flow Margin	11.43	10.3	4.55	11.21	9.25
Unlevered Free Cash Flow Margin	11.69	10.47	4.83	11.87	9.95
Asset Turnover
Asset Turnover	0.83	0.97	1.07	0.96	0.86
Fixed Assets Turnover	5.49	6.82	7.86	6.55	5.62
Receivables Turnover (Average Receivables)	7.2	7.72	8.12	7.8	7.79
Inventory Turnover (Average Inventory)	8.43	8.83	8.54	7.56	7.44
Short Term Liquidity
Current Ratio	1.63	1.08	1.12	1.08	0.93
Quick Ratio	1.19	0.74	0.74	0.71	0.61
Operating Cash Flow to Current Liabilities	0.91	0.46	0.39	0.6	0.37
Days Sales Outstanding (Average Receivables)	50.81	47.26	44.95	46.8	47
Days Outstanding Inventory (Average Inventory)	43.41	41.36	42.75	48.27	49.2
Average Days Payable Outstanding	67.4	58.68	54.34	63.44	59.86
Cash Conversion Cycle (Average Days)	26.82	29.94	33.37	31.63	36.34
Long Term Solvency
Total Debt/Equity	30.61	19.07	31.91	18.41	21.78
Total Debt / Total Capital	23.44	16.02	24.19	15.54	17.89
LT Debt/Equity	29.55	2.58	13.23	4.7	2.2
Long-Term Debt / Total Capital	22.63	2.17	10.03	3.97	1.8
Total Liabilities / Total Assets	39.41	35.14	41.55	35.23	35.92
EBIT / Interest Expense	34.91	78.26	33.72	15.87	14.24
EBITDA / Interest Expense	42.77	87.19	38.74	18.23	16.79
(EBITDA - Capex) / Interest Expense	38.5	80.37	32.02	15.31	14.2
Total Debt / EBITDA	1.17	0.59	1.17	0.64	0.9
Net Debt / EBITDA	0.67	0.24	0.76	0.38	0.58
Total Debt / (EBITDA - Capex)	1.3	0.64	1.41	0.76	1.07
Net Debt / (EBITDA - Capex)	0.74	0.26	0.92	0.45	0.69
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-13.44	19.23	38.98	-0.89	-7.3
Gross Profit, 1 Yr. Growth %	-7.15	18.86	23.97	11.88	-9.77
EBITDA, 1 Yr. Growth %	-5.63	58.47	20.86	12.08	-9.01
EBITA, 1 Yr. Growth %	-8.39	69.29	19.81	12.22	-10.41
EBIT, 1 Yr. Growth %	-8.64	72.12	19.51	11.67	-11.02
Earnings From Cont. Operations, 1 Yr. Growth %	-8.63	67.35	5.3	1.65	-12.04
Net Income, 1 Yr. Growth %	-8.63	67.35	5.3	1.65	-12.04
Normalized Net Income, 1 Yr. Growth %	-10.93	77.17	19.71	6.15	-10.04
Diluted EPS Before Extra, 1 Yr. Growth %	-8.7	67.38	5.3	1.65	-12.04
Accounts Receivable, 1 Yr. Growth %	-12.05	37.67	28.2	-16.34	3.84
Inventory, 1 Yr. Growth %	-21.35	58.96	41.12	-14.75	6.31
Net Property, Plant and Equip., 1 Yr. Growth %	-14.1	7.47	33	8.29	7.97
Total Assets, 1 Yr. Growth %	-13.5	19.17	31.12	-4.44	10.56
Tangible Book Value, 1 Yr. Growth %	92.97	205.23	-43.46	90.63	-19.99
Common Equity, 1 Yr. Growth %	-6.39	27.56	18.17	5.88	9.38
Cash From Operations, 1 Yr. Growth %	0.64	1.26	7.77	35.94	-23.52
Capital Expenditures, 1 Yr. Growth %	-14.03	22.59	122.53	3.53	-12
Levered Free Cash Flow, 1 Yr. Growth %	-16.71	7.52	-19.42	142.47	-23.51
Unlevered Free Cash Flow, 1 Yr. Growth %	-16.17	6.84	-16.38	142.22	-22.26
Dividend Per Share, 1 Yr. Growth %	0	30.43	20	11.11	5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.26	1.59	28.72	17.36	-4.15
Gross Profit, 2 Yr. CAGR %	0.41	5.05	21.39	17.77	0.47
EBITDA, 2 Yr. CAGR %	-2.03	22.29	25.99	16.56	0.99
EBITA, 2 Yr. CAGR %	-3.52	24.54	28.76	16.14	0.27
EBIT, 2 Yr. CAGR %	-4.64	25.4	29.35	15.72	-0.32
Earnings From Cont. Operations, 2 Yr. CAGR %	-7.48	23.66	32.75	3.46	-5.44
Net Income, 2 Yr. CAGR %	-7.48	23.66	32.75	3.46	-5.44
Normalized Net Income, 2 Yr. CAGR %	-6.85	25.62	31.15	12.92	-2.28
Diluted EPS Before Extra, 2 Yr. CAGR %	-7.5	23.62	32.76	3.46	-5.44
Accounts Receivable, 2 Yr. CAGR %	-4.82	10.04	32.85	3.56	-6.79
Inventory, 2 Yr. CAGR %	-11.76	11.81	49.77	9.68	-4.8
Net Property, Plant and Equip., 2 Yr. CAGR %	6.35	-3.91	19.56	20.01	8.13
Total Assets, 2 Yr. CAGR %	2.11	1.53	25	11.94	2.79
Tangible Book Value, 2 Yr. CAGR %	-18.71	142.69	31.37	3.82	23.5
Common Equity, 2 Yr. CAGR %	3.1	9.28	22.78	11.86	7.62
Cash From Operations, 2 Yr. CAGR %	14.7	0.95	4.47	21.04	1.97
Capital Expenditures, 2 Yr. CAGR %	9.32	2.66	65.17	51.78	-4.55
Levered Free Cash Flow, 2 Yr. CAGR %	58.77	-5.36	-18.74	40.26	36.18
Unlevered Free Cash Flow, 2 Yr. CAGR %	59.11	-5.36	-17.29	42.77	37.22
Dividend Per Share, 2 Yr. CAGR %	1.1	14.21	25.11	15.47	8.01
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.15	5.14	12.77	17.98	8.49
Gross Profit, 3 Yr. CAGR %	3.51	6.22	11.02	18.13	7.76
EBITDA, 3 Yr. CAGR %	1.26	15	14.42	21.29	7.33
EBITA, 3 Yr. CAGR %	0.36	16.37	14.95	23.13	6.51
EBIT, 3 Yr. CAGR %	-0.52	16.1	15.19	23.3	6.01
Earnings From Cont. Operations, 3 Yr. CAGR %	-2.65	12.73	17.21	21.45	-1.99
Net Income, 3 Yr. CAGR %	-2.65	12.73	17.21	21.45	-1.99
Normalized Net Income, 3 Yr. CAGR %	-1.6	15.41	15.28	22.36	4.68
Diluted EPS Before Extra, 3 Yr. CAGR %	-2.67	12.72	17.18	21.46	-1.99
Accounts Receivable, 3 Yr. CAGR %	7.24	7.64	15.78	13.87	3.65
Inventory, 3 Yr. CAGR %	7.24	7.37	20.83	24.12	8.55
Net Property, Plant and Equip., 3 Yr. CAGR %	8.89	6.72	7.08	15.68	15.86
Total Assets, 3 Yr. CAGR %	13.35	7.51	10.57	14.3	11.48
Tangible Book Value, 3 Yr. CAGR %	-29.27	26.34	49.33	48.73	-4.81
Common Equity, 3 Yr. CAGR %	9.22	10.68	12.16	16.87	11.03
Cash From Operations, 3 Yr. CAGR %	11.83	10.03	3.17	14.05	3.87
Capital Expenditures, 3 Yr. CAGR %	7.95	13.57	32.86	41.35	26.56
Levered Free Cash Flow, 3 Yr. CAGR %	7.58	39.43	-18.07	17.25	14.59
Unlevered Free Cash Flow, 3 Yr. CAGR %	8.15	39.33	-16.92	18.59	16.59
Dividend Per Share, 3 Yr. CAGR %	5.66	10.06	16.11	20.26	11.87
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.64	8.03	12.71	9.87	5.68
Gross Profit, 5 Yr. CAGR %	2.79	6.45	10.32	10.7	6.67
EBITDA, 5 Yr. CAGR %	1.26	11.4	10.51	11.36	8.91
EBITA, 5 Yr. CAGR %	0.51	12.13	10.88	11.68	8.91
EBIT, 5 Yr. CAGR %	-0.09	11.86	10.49	11.26	8.79
Earnings From Cont. Operations, 5 Yr. CAGR %	0.23	11.04	10.21	8.93	7.56
Net Income, 5 Yr. CAGR %	0.23	11.04	10.21	8.93	7.56
Normalized Net Income, 5 Yr. CAGR %	-0.71	11.67	10.38	9.71	7.98
Diluted EPS Before Extra, 5 Yr. CAGR %	0.21	11.02	10.2	8.92	7.55
Accounts Receivable, 5 Yr. CAGR %	10.79	15.25	16.83	5.99	6.16
Inventory, 5 Yr. CAGR %	9.28	17.21	22.57	8.29	9.84
Net Property, Plant and Equip., 5 Yr. CAGR %	6.56	6.85	13.04	11.85	7.5
Total Assets, 5 Yr. CAGR %	11.56	12.77	17.87	9.26	7.39
Tangible Book Value, 5 Yr. CAGR %	-21.24	-8.37	-9.39	16.8	38.41
Common Equity, 5 Yr. CAGR %	7.94	9.04	14.45	11.15	10.32
Cash From Operations, 5 Yr. CAGR %	6.19	7.07	8.82	14.31	2.69
Capital Expenditures, 5 Yr. CAGR %	8.91	12.44	27.97	27.54	16.4
Levered Free Cash Flow, 5 Yr. CAGR %	4.92	6.09	-3.85	32.36	0.53
Unlevered Free Cash Flow, 5 Yr. CAGR %	5.2	6.32	-2.85	33.38	1.68
Dividend Per Share, 5 Yr. CAGR %	6.23	11.38	13.05	12.2	12.8