Cash flow HighCo

Equities

HCO

FR0000054231

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Market Closed - Euronext Paris Other stock markets 16:55:00 13/02/2026 GMT			5-day change	1st Jan Change
3.560 ^EUR	-1.11%		-2.47%	-10.33%

29/09/25	High Co. SA completed the acquisition of promotions businesses of Sogec and Budgetbox from SOGEC S.A. and budgetbox SAS.	CI
12/09/25	Invest Securities Upgrades HighCo to Buy, Boosts PT	MT

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Published financial data: HIGHCO

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	136M	137M	146M	145M	146M
Total Revenues	136M	137M	146M	145M	146M
Cost of Goods Sold, Total	114M	112M	125M	121M	126M
Gross Profit	22.18M	25.08M	21.27M	24.61M	20.08M
Depreciation & Amortization - (IS)	7.46M	7.66M	5.54M	4.27M	6.19M
Other Operating Expenses	1.75M	1.89M	-465K	3.93M	2.05M
Other Operating Expenses, Total	9.22M	9.54M	5.08M	8.2M	8.24M
Operating Income	12.96M	15.54M	16.2M	16.41M	11.84M
Interest Expense, Total	-509K	-312K	-312K	-253K	-207K
Interest And Investment Income	-	8K	-	-	-
Net Interest Expenses	-509K	-304K	-312K	-253K	-207K
Income (Loss) On Equity Invest.	157K	230K	113K	32K	-131K
Other Non Operating Income (Expenses)	42K	0	-6K	695K	2.1M
EBT, Excl. Unusual Items	12.65M	15.47M	15.99M	16.89M	13.6M
Restructuring Charges	-778K	-715K	-1.08M	-562K	-1.1M
Impairment of Goodwill	-	-	-7.36M	-	-
Gain (Loss) On Sale Of Investments	-	-	85K	577K	-
Other Unusual Items	-	2.46M	-	-	-
EBT, Incl. Unusual Items	11.87M	17.21M	7.64M	16.9M	12.51M
Income Tax Expense	4.24M	4.29M	4.36M	4.72M	3.31M
Earnings From Continuing Operations	7.63M	12.91M	3.28M	12.18M	9.2M
Earnings Of Discontinued Operations	-2.06M	24K	-	451K	-282K
Net Income to Company	5.57M	12.94M	3.28M	12.63M	8.92M
Minority Interest	-1.3M	-1.75M	-1.49M	-1.51M	-1.45M
Net Income - (IS)	4.27M	11.19M	1.79M	11.12M	7.46M
Net Income to Common Incl Extra Items	4.27M	11.19M	1.79M	11.12M	7.46M
Net Income to Common Excl. Extra Items	6.33M	11.17M	1.79M	10.67M	7.74M
Per Share Items
Net EPS - Basic	0.21	0.54	0.09	0.56	0.38
Basic EPS - Continuing Operations	0.31	0.54	0.09	0.53	0.39
Basic Weighted Average Shares Outstanding	20.74M	20.68M	20.32M	19.96M	19.69M
Net EPS - Diluted	0.21	0.54	0.09	0.56	0.38
Diluted EPS - Continuing Operations	0.31	0.54	0.09	0.53	0.39
Diluted Weighted Average Shares Outstanding	20.74M	20.68M	20.32M	19.96M	19.69M
Normalized Basic EPS	0.32	0.38	0.42	0.45	0.36
Normalized Diluted EPS	0.32	0.38	0.42	0.45	0.36
Dividend Per Share	0.27	0.32	0.4	0.2	0.25
Payout Ratio	-	76.31	473.63	71.89	52.83
Supplemental Items
EBITDA	14.45M	16.58M	16.97M	16.86M	14.25M
EBITA	13.39M	15.64M	16.24M	15.86M	11.85M
EBIT	12.96M	15.54M	16.2M	16.41M	11.84M
Effective Tax Rate - (Ratio)	35.7	24.95	57.04	27.95	26.48
Total Current Taxes	3.61M	4.34M	4.46M	4.36M	3.14M
Total Deferred Taxes	630K	-43K	-100K	362K	171K
Normalized Net Income	6.6M	7.92M	8.51M	9.04M	7.05M
Interest on Long-Term Debt	290K	260K	232K	228K	180K
Non-Cash Pension Expense	134K	179K	158K	259K	191K
Supplemental Operating Expense Items
Stock-Based Comp., COGS (Total)	-778K	-	-	-	-
Stock-Based Comp., Other (Total)	-133K	-	-	-	-
Total Stock-Based Compensation	-911K	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	112M	73.72M	70M	66.13M	80.7M
Total Cash And Short Term Investments	112M	73.72M	70M	66.13M	80.7M
Accounts Receivable, Total	30.35M	31.22M	34.95M	35.98M	33.26M
Other Receivables	12.07M	9.81M	12.01M	8.61M	8.2M
Total Receivables	42.41M	41.02M	46.97M	44.59M	41.46M
Inventory	57K	56K	38K	53K	37K
Prepaid Expenses	1.54M	1.69M	5.16M	2.85M	2.47M
Other Current Assets, Total	332K	812K	460K	173K	123K
Total Current Assets	156M	117M	123M	114M	125M
Gross Property Plant And Equipment	33.21M	33.96M	33.76M	35.79M	32.51M
Accumulated Depreciation	-12.6M	-16.36M	-17M	-20.72M	-25.73M
Net Property Plant And Equipment	20.6M	17.6M	16.76M	15.07M	6.78M
Long-term Investments	466K	545K	759K	614K	269K
Goodwill	79.81M	79.81M	72.71M	72.71M	73.46M
Other Intangibles, Total	5.77M	2.42M	837K	785K	882K
Loans Receivable Long-Term	331K	354K	23K	24K	23K
Deferred Tax Assets Long-Term	659K	620K	1.04M	790K	624K
Other Long-Term Assets, Total	-1K	1K	-1K	-1K	-1K
Total Assets	264M	219M	215M	204M	207M
Liabilities
Accounts Payable, Total	31.03M	30.62M	31.73M	27.41M	32.93M
Accrued Expenses, Total	8.88M	8.96M	8.93M	10.14M	7.28M
Short-term Borrowings	30M	14K	1K	1K	1K
Current Portion of Long-Term Debt	4.68M	-	-	-	-
Current Portion of Leases	3.08M	3.02M	2.99M	3.07M	2.82M
Current Income Taxes Payable	94K	1.22M	451K	328K	302K
Other Current Liabilities	69.24M	60.56M	63.42M	56.9M	60.5M
Total Current Liabilities	147M	104M	108M	97.86M	104M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	15.7M	12.85M	12.04M	9.48M	3.28M
Other Non Current Liabilities	5.27M	2.44M	3.91M	4.6M	4.8M
Total Liabilities	168M	120M	123M	112M	112M
Common Stock, Total	11.21M	11.21M	10.23M	10.23M	10.23M
Additional Paid In Capital	26.13M	26.13M	21.72M	21.72M	21.72M
Retained Earnings	4.27M	11.19M	1.79M	11.12M	7.46M
Comprehensive Income and Other	50.44M	48.03M	55.41M	46.8M	53.62M
Total Common Equity	92.06M	96.56M	89.15M	89.86M	93.03M
Minority Interest	3.59M	2.4M	2.12M	1.99M	1.87M
Total Equity	95.65M	98.96M	91.27M	91.85M	94.9M
Total Liabilities And Equity	264M	219M	215M	204M	207M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	20.79M	20.51M	20.21M	19.75M	19.64M
ECS Total Common Shares Outstanding	20.79M	20.54M	20.21M	19.75M	19.64M
Book Value / Share	4.43	4.7	4.41	4.55	4.74
Tangible Book Value	6.47M	14.33M	15.6M	16.37M	18.68M
Tangible Book Value Per Share	0.31	0.7	0.77	0.83	0.95
Total Debt	53.45M	15.88M	15.04M	12.56M	6.1M
Net Debt	-58.18M	-57.84M	-54.97M	-53.58M	-74.6M
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.59M	2.44M	3.91M	4.6M	4.8M
Minority Interest, Total (Incl. Fin. Div)	3.59M	2.4M	2.12M	1.99M	1.87M
Equity Method Investments, Total	218K	298K	511K	392K	47K
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	2.53M	2.95M	2.4M	2.4M	2.35M
Machinery, Total	399K	399K	383K	383K	1.87M
Full Time Employees	590	535	503	470	450
Accumulated Allowance for Doubtful Accounts (Supple)	825K	736K	536K	563K	552K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	4.27M	11.19M	1.79M	11.12M	7.46M
Depreciation & Amortization - CF	4.62M	4.05M	3.87M	4.02M	5.69M
Amortization of Goodwill and Intangible Assets - (CF)	433K	103K	43K	-550K	6K
Depreciation & Amortization, Total	5.05M	4.15M	3.92M	3.47M	5.69M
Amortization of Deferred Charges, Total - (CF)	3.23M	3.51M	1.98M	796K	361K
(Gain) Loss From Sale Of Asset	918K	-10K	16K	-	13K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	2K	-2.45M	-	-26K	-375K
(Income) Loss On Equity Investments - (CF)	-157K	-230K	-113K	-32K	131K
Stock-Based Compensation (CF)	-911K	-	-	-	-
Net Cash From Discontinued Operations	967K	-24K	-	-451K	282K
Other Operating Activities, Total	1.8M	2.35M	8.25M	1.64M	2.17M
Change in Other Net Operating Assets	4.25M	-7.74M	-4.88M	-3.74M	8.86M
Cash from Operations	19.42M	10.74M	10.96M	12.78M	24.6M
Capital Expenditure	-2.96M	-811K	-690K	-1.73M	-357K
Sale of Property, Plant, and Equipment	52K	16K	5K	1K	79K
Cash Acquisitions	-	-	-465K	-	-319K
Divestitures	514K	53K	-	-	-
Sale (Purchase) of Intangible assets	-	-249K	-467K	-205K	-139K
Investment in Marketable and Equity Securities, Total	166K	5K	300K	57K	24K
Other Investing Activities, Total	1K	-	-	-	-
Cash from Investing	-2.22M	-986K	-1.32M	-1.87M	-712K
Long-Term Debt Issued, Total	30.16M	-	-	-	-
Total Debt Issued	30.16M	-	-	-	-
Long-Term Debt Repaid, Total	-5.56M	-37.82M	-3.19M	-3.08M	-3.44M
Total Debt Repaid	-5.56M	-37.82M	-3.19M	-3.08M	-3.44M
Repurchase of Common Stock	-	-1.31M	-1.68M	-2.15M	-338K
Common Dividends Paid	-	-8.54M	-8.5M	-7.99M	-3.94M
Common & Preferred Stock Dividends Paid	-	-8.54M	-8.5M	-7.99M	-3.94M
Other Financing Activities, Total	-6K	-	-	-1.55M	-1.6M
Cash from Financing	24.6M	-47.67M	-13.36M	-14.78M	-9.32M
Foreign Exchange Rate Adjustments	-1K	-	-1K	-	1K
Miscellaneous Cash Flow Adjustments	-	-1K	-	-	-
Net Change in Cash	41.79M	-37.91M	-3.72M	-3.87M	14.56M
Supplemental Items
Levered Free Cash Flow	16.99M	9M	8.8M	7.64M	22.63M
Unlevered Free Cash Flow	17.31M	9.19M	8.99M	7.79M	22.76M
Change In Net Working Capital	-4.8M	7.12M	5.87M	4.8M	-9.8M
Net Debt Issued / Repaid	24.6M	-37.82M	-3.19M	-3.08M	-3.44M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.2	4.03	4.67	4.9	3.6
Return on Total Capital	6.13	7.36	9.15	9.74	7.21
Return On Equity %	8.15	13.27	3.45	13.3	9.85
Return on Common Equity	6.98	11.84	1.93	11.92	8.47
Margin Analysis
Gross Profit Margin %	16.25	18.25	14.54	16.92	13.72
EBITDA Margin %	10.59	12.06	11.59	11.59	9.74
EBITA Margin %	9.81	11.38	11.09	10.91	8.09
EBIT Margin %	9.5	11.31	11.07	11.28	8.09
Income From Continuing Operations Margin %	5.59	9.39	2.24	8.37	6.28
Net Income Margin %	3.13	8.14	1.23	7.64	5.1
Net Avail. For Common Margin %	4.64	8.12	1.23	7.33	5.29
Normalized Net Income Margin	4.84	5.76	5.81	6.22	4.82
Levered Free Cash Flow Margin	12.45	6.54	6.01	5.25	15.46
Unlevered Free Cash Flow Margin	12.69	6.69	6.14	5.36	15.55
Asset Turnover
Asset Turnover	0.54	0.57	0.68	0.69	0.71
Fixed Assets Turnover	7.06	7.2	8.52	9.14	13.4
Receivables Turnover (Average Receivables)	3.63	4.47	4.42	4.1	4.23
Inventory Turnover (Average Inventory)	2.24K	1.99K	2.66K	2.66K	2.81K
Short Term Liquidity
Current Ratio	1.06	1.12	1.14	1.16	1.2
Quick Ratio	1.05	1.1	1.09	1.13	1.18
Operating Cash Flow to Current Liabilities	0.13	0.1	0.1	0.13	0.24
Days Sales Outstanding (Average Receivables)	100.81	81.74	82.51	89	86.56
Days Outstanding Inventory (Average Inventory)	0.16	0.18	0.14	0.14	0.13
Average Days Payable Outstanding	99.96	100.13	90.99	89.32	87.45
Cash Conversion Cycle (Average Days)	1.01	-18.21	-8.35	-0.18	-0.76
Long Term Solvency
Total Debt/Equity	55.88	16.05	16.47	13.67	6.43
Total Debt / Total Capital	35.85	13.83	14.14	12.03	6.04
LT Debt/Equity	16.41	12.98	13.19	10.33	3.45
Long-Term Debt / Total Capital	10.53	11.19	11.33	9.08	3.24
Total Liabilities / Total Assets	63.72	54.74	57.5	54.93	54.12
EBIT / Interest Expense	25.46	49.81	51.91	64.87	57.21
EBITDA / Interest Expense	35.39	63.12	64.46	78.58	84.71
(EBITDA - Capex) / Interest Expense	29.58	60.52	62.24	71.75	82.99
Total Debt / EBITDA	2.97	0.81	0.75	0.63	0.35
Net Debt / EBITDA	-3.23	-2.94	-2.73	-2.69	-4.25
Total Debt / (EBITDA - Capex)	3.55	0.84	0.77	0.69	0.36
Net Debt / (EBITDA - Capex)	-3.86	-3.06	-2.83	-2.95	-4.34
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-14.61	0.73	6.48	0.6	0.64
Gross Profit, 1 Yr. Growth %	-8.55	13.1	-15.18	18.57	-18.39
EBITDA, 1 Yr. Growth %	-19.67	14.78	2.35	2.23	-18.22
EBITA, 1 Yr. Growth %	-20.59	16.81	3.81	0.66	-27.9
EBIT, 1 Yr. Growth %	-21.42	19.92	4.21	4.36	-27.85
Earnings From Cont. Operations, 1 Yr. Growth %	-24.66	69.17	-74.58	320.04	-24.47
Net Income, 1 Yr. Growth %	-54.13	161.9	-83.97	519.73	-32.87
Normalized Net Income, 1 Yr. Growth %	-24.98	19.92	7.39	10.09	-22.03
Diluted EPS Before Extra, 1 Yr. Growth %	-26.21	76.48	-83.62	669.66	-26.37
Accounts Receivable, 1 Yr. Growth %	-32.29	2.87	11.97	2.94	-7.55
Inventory, 1 Yr. Growth %	26.67	-1.75	-32.14	39.47	-30.19
Net Property, Plant and Equip., 1 Yr. Growth %	14.13	-14.59	-4.78	-10.06	-55.04
Total Assets, 1 Yr. Growth %	8.64	-17.06	-1.78	-5.1	1.49
Tangible Book Value, 1 Yr. Growth %	4.77K	121.45	8.88	4.9	14.15
Common Equity, 1 Yr. Growth %	2.95	4.89	-7.68	0.8	3.52
Cash From Operations, 1 Yr. Growth %	-24.97	-44.7	2.09	16.57	92.44
Capital Expenditures, 1 Yr. Growth %	33.88	-66.99	-14.92	150.29	-79.33
Levered Free Cash Flow, 1 Yr. Growth %	-28.37	-47.06	-2.19	-10.11	175.71
Unlevered Free Cash Flow, 1 Yr. Growth %	-27.71	-46.91	-2.14	-10.3	172.04
Dividend Per Share, 1 Yr. Growth %	-	18.52	25	-50	25
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-11.39	-7.26	3.57	2.87	0.62
Gross Profit, 2 Yr. CAGR %	6.86	1.7	-2.05	-0.94	-1.63
EBITDA, 2 Yr. CAGR %	-9.75	-3.98	8.38	0.83	-7.03
EBITA, 2 Yr. CAGR %	-10.12	-3.69	10.11	0.7	-13.29
EBIT, 2 Yr. CAGR %	-6.32	-2.93	11.79	2.77	-13.23
Earnings From Cont. Operations, 2 Yr. CAGR %	-16.19	12.9	-34.43	-2.89	78.11
Net Income, 2 Yr. CAGR %	-29.69	9.6	-35.2	-0.33	103.96
Normalized Net Income, 2 Yr. CAGR %	-8.1	-5.15	13.48	6.86	-7.35
Diluted EPS Before Extra, 2 Yr. CAGR %	-17.32	14.12	-46.23	-0.42	138.06
Accounts Receivable, 2 Yr. CAGR %	-20.97	-16.54	7.32	7.36	-2.45
Inventory, 2 Yr. CAGR %	-37.94	11.55	-18.35	-2.72	-1.32
Net Property, Plant and Equip., 2 Yr. CAGR %	181.99	-1.27	-9.82	-7.46	-36.41
Total Assets, 2 Yr. CAGR %	7.41	-5.08	-9.74	-3.46	-1.86
Tangible Book Value, 2 Yr. CAGR %	50.35	938.07	55.28	6.87	9.42
Common Equity, 2 Yr. CAGR %	4.19	3.92	-1.59	-3.53	2.15
Cash From Operations, 2 Yr. CAGR %	-1.4	-35.59	-24.87	9.09	49.78
Capital Expenditures, 2 Yr. CAGR %	7.27	-39.39	-47.01	45.93	-28.07
Levered Free Cash Flow, 2 Yr. CAGR %	7.3	-38.42	-28.05	-7.86	63.22
Unlevered Free Cash Flow, 2 Yr. CAGR %	7.91	-38.05	-27.93	-7.9	61.85
Dividend Per Share, 2 Yr. CAGR %	29.9	-	21.72	-20.94	-20.94
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.93	-7.52	-2.89	2.15	2.12
Gross Profit, 3 Yr. CAGR %	12.41	8.9	-4.27	3.54	-7.14
EBITDA, 3 Yr. CAGR %	0.65	-2.22	-1.92	5.28	-4.92
EBITA, 3 Yr. CAGR %	0.92	-1.91	-1.25	5.8	-8.84
EBIT, 3 Yr. CAGR %	1.11	1.72	-0.6	8.19	-8.66
Earnings From Cont. Operations, 3 Yr. CAGR %	0.28	5.92	-31.32	16.85	-10.7
Net Income, 3 Yr. CAGR %	-15.66	8.99	-42.25	37.54	-12.63
Normalized Net Income, 3 Yr. CAGR %	-3.17	0.43	-1.14	11.05	-3.8
Diluted EPS Before Extra, 3 Yr. CAGR %	-2.82	6.46	-40.25	20.51	-9.95
Accounts Receivable, 3 Yr. CAGR %	-15.02	-13.71	-7.95	5.84	2.14
Inventory, 3 Yr. CAGR %	-37.99	-27.67	-5.48	-2.4	-12.9
Net Property, Plant and Equip., 3 Yr. CAGR %	101.91	89.38	-2.45	-9.9	-27.25
Total Assets, 3 Yr. CAGR %	6.58	-1.46	-3.99	-8.22	-1.84
Tangible Book Value, 3 Yr. CAGR %	68.49	71.07	389.56	36.25	9.24
Common Equity, 3 Yr. CAGR %	5.16	4.42	-0.1	-0.8	-1.24
Cash From Operations, 3 Yr. CAGR %	53.69	-18.69	-24.9	-13.02	31.81
Capital Expenditures, 3 Yr. CAGR %	40.84	-31.91	-32.14	-11.09	-23.93
Levered Free Cash Flow, 3 Yr. CAGR %	50.93	-15.22	-28.15	-23.4	36.02
Unlevered Free Cash Flow, 3 Yr. CAGR %	50.67	-14.81	-27.85	-23.35	35.31
Dividend Per Share, 3 Yr. CAGR %	24.47	25.99	-	-9.52	-7.9
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.8	-2.44	-0.38	-3.5	-1.74
Gross Profit, 5 Yr. CAGR %	9.73	8.26	6.38	4.85	-3.7
EBITDA, 5 Yr. CAGR %	3.06	2.2	3.67	-1.01	-4.54
EBITA, 5 Yr. CAGR %	3.21	2.62	4.5	-0.88	-6.82
EBIT, 5 Yr. CAGR %	3.75	4.11	5.25	2.14	-6.41
Earnings From Cont. Operations, 5 Yr. CAGR %	3.39	10.67	-15.39	2.3	-1.92
Net Income, 5 Yr. CAGR %	-8.8	61.61	-24.1	5.17	-4.34
Normalized Net Income, 5 Yr. CAGR %	-0.3	0.14	3.18	2.95	-4.34
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.26	7.81	-23.31	3.65	-1
Accounts Receivable, 5 Yr. CAGR %	-7.25	-5.11	-6.71	-5.83	-5.79
Inventory, 5 Yr. CAGR %	-20.98	-23.08	-30.77	-18.57	-3.84
Net Property, Plant and Equip., 5 Yr. CAGR %	48.21	44.13	46.26	42.21	-17.8
Total Assets, 5 Yr. CAGR %	5.51	1.8	-0.28	-2.26	-3.15
Tangible Book Value, 5 Yr. CAGR %	3.84	114.72	63.08	41.72	168.86
Common Equity, 5 Yr. CAGR %	4.32	5.68	2.4	1.17	0.79
Cash From Operations, 5 Yr. CAGR %	8.05	-6.93	15.43	-8.55	-1.02
Capital Expenditures, 5 Yr. CAGR %	13.3	-5.62	-8.19	-7.64	-30.54
Levered Free Cash Flow, 5 Yr. CAGR %	8.51	-5.9	12.22	-12.35	-0.94
Unlevered Free Cash Flow, 5 Yr. CAGR %	8.62	-5.68	12.18	-12.12	-1.01
Dividend Per Share, 5 Yr. CAGR %	23.23	21.67	23.36	4.56	-