Balance Sheet HMC Capital Limited

Equities

HMC

AU0000058943

Real Estate Development & Operations

Market Closed - Australian S.E. Other stock markets 07:10:03 13/09/2024 BST			5-day change	1st Jan Change
8.030 ^AUD	-0.12%		-3.25%	+30.36%

09-09	HMC Capital Limited completed the acquisition of StratCap from group of private investors.	CI
09-04	HMC Capital Limited acquired Market Central Lutwyche from Abacus Group and ISPT Retail Australia Property Trust managed by ISPT Pty Ltd for approximately AUD 120 million.	CI

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Published financial data: HMC CAPITAL LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2024
Rental Revenues	73.3M	69.4M	78.59M	68.73M	81.1M
Gain (Loss) on Sale of Investments, Total (Rev)	-	-	16.9M	-	-
Other Revenues, Total	-	9.34M	71.25M	18.71M	12.7M
Total Revenues	73.3M	78.74M	167M	87.44M	93.8M
Property Expenses	33.7M	23.43M	14.35M	24.97M	-
Selling General & Admin Expenses, Total	8.1M	10.98M	21.57M	27.64M	25.6M
Other Operating Expenses	-	-	-	-	35.7M
Total Operating Expenses	41.8M	34.42M	35.93M	52.61M	61.3M
Operating Income (REIT / Utility Template)	31.5M	44.33M	131M	34.84M	32.5M
Interest Expense, Total	-29.4M	-10.91M	-5.77M	-8.56M	-17M
Interest and Investment Income	200K	90K	255K	7.95M	15M
Net Interest Expenses	-29.2M	-10.82M	-5.52M	-617K	-2M
Other Non Operating Income (Expenses)	-6.9M	1.1M	-4.28M	53.5M	121M
EBT, Excl. Unusual Items	-4.6M	34.61M	121M	87.72M	152M
Total Merger & Related Restructuring Charges	-	-1.94M	-11.38M	-6.55M	-23.2M
Gain (Loss) on Sale of Investments	-	-	-21.34M	-	-
Gain (Loss) on Sale of Assets	-	-	28.03M	4.79M	-
Asset Writedown	10.1M	-23.06M	5M	-	-
Legal Settlements	-2.8M	-	-	-	-
Other Unusual Items	-6M	-16.01M	-	-	-
EBT, Incl. Unusual Items	-3.3M	-6.4M	121M	85.96M	129M
Income Tax Expense	-500K	89.39M	14.07M	2.63M	14.3M
Earnings From Continuing Operations	-2.8M	-95.79M	107M	83.33M	114M
Earnings Of Discontinued Operations	-	9.88M	-	-	-
Net Income to Company	-2.8M	-85.9M	107M	83.33M	114M
Minority Interest	-	-4.09M	-30.01M	-26.23M	-48.4M
Net Income - (IS)	-2.8M	-89.99M	77.25M	57.1M	66M
Net Income to Common Incl Extra Items	-2.8M	-89.99M	77.25M	57.1M	66M
Net Income to Common Excl. Extra Items	-2.8M	-99.87M	77.25M	57.1M	66M
Per Share Items
Net EPS - Basic	-0.02	-0.33	0.26	0.18	0.19
Basic EPS - Continuing Operations	-0.02	-0.37	0.26	0.18	0.19
Basic Weighted Average Shares Outstanding	167M	273M	293M	311M	350M
Net EPS - Diluted	-0.02	-0.33	0.26	0.18	0.19
Diluted EPS - Continuing Operations	-0.02	-0.37	0.26	0.18	0.19
Diluted Weighted Average Shares Outstanding	167M	273M	295M	312M	352M
Normalized Basic EPS	-0.02	0.06	0.16	0.09	0.13
Normalized Diluted EPS	-0.02	0.06	0.15	0.09	0.13
Dividend Per Share	0.12	0.12	0.12	0.12	0.12
Payout Ratio	-317.86	-40.78	45.09	63.15	63.33
Supplemental Items
EBITDA	-	-	131M	35.97M	33.7M
EBITA	31.5M	44.33M	131M	34.84M	32.5M
EBIT	31.5M	44.33M	131M	34.84M	32.5M
Effective Tax Rate - (Ratio)	15.15	-1.4K	11.6	3.06	11.11
Current Domestic Taxes	-	1.71M	1.97M	-	12.1M
Total Current Taxes	-	1.71M	1.97M	-	12.1M
Deferred Domestic Taxes	-	87.68M	12.1M	2.63M	2.2M
Total Deferred Taxes	-500K	87.68M	12.1M	2.63M	2.2M
Normalized Net Income	-2.88M	17.54M	45.62M	28.59M	46.54M
Interest on Long-Term Debt	35.4M	10.44M	5.77M	549K	1.1M
Supplemental Operating Expense Items
General and Administrative Expenses	8.1M	10.98M	21.57M	27.64M	25.6M
Stock-Based Comp., Other (Total)	800K	1.66M	3.4M	4.5M	4.6M
Total Stock-Based Compensation	800K	1.66M	3.4M	4.5M	4.6M

Fiscal Period: June	2020	2021	2022	2023	2024
Assets
Gross Property Plant And Equipment	-	-	8.21M	8.29M	8.3M
Accumulated Depreciation	-	-	-261K	-2.38M	-4.4M
Net Property Plant And Equipment	1.1B	188M	7.95M	5.92M	3.9M
Total Real Estate Assets	1.1B	188M	7.95M	5.92M	3.9M
Cash And Equivalents	29.6M	11.69M	57.56M	48.78M	187M
Accounts Receivable, Total	3.4M	5.5M	16.17M	14.04M	9.4M
Other Receivables	800K	9.11M	16.13M	18.95M	19.8M
Investment In Debt and Equity Securities	-	-	-	346M	733M
Goodwill	-	-	49.34M	49.34M	49.3M
Other Intangibles, Total	-	-	137M	137M	137M
Other Current Assets, Total	4.3M	484M	16.84M	109M	9.2M
Trading Asset Securities, Total	-	-	-	-	60.7M
Deferred Tax Assets Long-Term (Collected)	141M	19.64M	-	-	-
Deferred Charges Long-Term	-	-	549K	-	-
Other Long-Term Assets, Total	-	264M	611M	615M	578M
Total Assets	1.28B	982M	913M	1.34B	1.79B
Liabilities
Current Portion of Long-Term Debt	-	-	-	86.34M	199M
Current Portion of Leases	9.6M	205K	717K	790K	900K
Long-Term Debt	364M	255M	-	-	-
Long-Term Leases	134M	72K	3.63M	2.85M	2M
Accounts Payable, Total	21.7M	4.27M	3.2M	286K	2.3M
Accrued Expenses, Total	9.3M	8.77M	20.58M	16.35M	25.6M
Current Income Taxes Payable	-	1.71M	1.98M	-	12.1M
Unearned Revenue, Current	2.4M	1.13M	265K	124K	200K
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	5.3M	319K	3.53M	2.65M	1.5M
Pension & Other Post Retirement Benefits	-	-	-	-	500K
Deferred Tax Liability Non-Current	-	-	32.56M	34.54M	36.3M
Other Non Current Liabilities	2M	-	485K	485K	500K
Total Liabilities	548M	271M	66.95M	144M	281M
Common Stock, Total	3.61B	3.71B	5.04B	5.2B	5.37B
Retained Earnings	-2.88B	-3.01B	-2.96B	-2.94B	-2.92B
Treasury Stock	-	-	-	-	-1.5M
Comprehensive Income and Other	500K	2.13M	-1.23B	-1.23B	-1.23B
Total Common Equity	730M	707M	846M	1.03B	1.22B
Minority Interest	-	4.09M	-	167M	284M
Total Equity	730M	711M	846M	1.2B	1.51B
Total Liabilities And Equity	1.28B	982M	913M	1.34B	1.79B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	198M	290M	300M	348M	373M
ECS Total Common Shares Outstanding	198M	290M	300M	348M	373M
Book Value / Share	3.69	2.44	2.82	2.97	3.28
Tangible Book Value	730M	707M	659M	847M	1.04B
Tangible Book Value Per Share	3.69	2.44	2.2	2.44	2.78
Total Debt	508M	255M	4.34M	89.98M	202M
Net Debt	478M	244M	-53.21M	41.2M	-45.3M
Minority Interest, Total (Incl. Fin. Div)	-	4.09M	-	167M	284M
Equity Method Investments, Total	-	264M	609M	613M	576M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	-	-	3.32M	3.41M	3.4M
Accumulated Allowance for Doubtful Accounts (Supple)	700K	792K	263K	241K	-

Fiscal Period: June	2020	2021	2022	2023	2024
Net Income	-2.8M	-89.99M	77.25M	57.1M	66M
Depreciation, Depletion & Amortization	-	-	520K	2.12M	2.1M
Total Depreciation, Depletion & Amortization	-	-	520K	2.12M	2.1M
Amortization of Deferred Charges, Total	7.4M	2.98M	1.79M	388K	1M
(Gain) Loss On Sale of Asset - (CF)	-	-	-28.03M	-4.79M	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-16.9M	-	-58M
Total Asset Writedown	-10.1M	23.06M	16.34M	-	-
(Income) Loss On Equity Investments - (CF)	-	-8.94M	-71.15M	-17.92M	-12.4M
Stock-Based Compensation (CF)	800K	1.66M	3.4M	4.5M	4.6M
Provision and Write-off of Bad Debts	-	-	-	-	-
Change in Accounts Receivable	-5.4M	-5.15M	-7.65M	342K	4.1M
Change in Accounts Payable	-3.1M	-22.83M	1.35M	-5.29M	23M
Change In Deferred Taxes	-300K	123M	12.1M	2.62M	2.2M
Change in Other Net Operating Assets (Collected)	1.4M	-1.78M	-2.02M	-6.59M	1.3M
Other Operating Activities	-11.1M	584K	14.6M	-32.12M	-8.4M
Cash from Operations	-23.2M	22.66M	1.6M	361K	25.5M
Acquisition of Real Estate Assets, Total	-228M	-323M	-9.92M	-	-
Sale of Real Estate Assets, Total	-	69M	719M	4.79M	-
Net Sale / Acquisition of Real Estate Assets	-228M	-254M	709M	4.79M	-
Cash Acquisitions	-	-	-78.5M	-	-
Divestitures	-	205M	-	-	-
Investment in Marketable and Equity Securities, Total	-	-87.44M	-295M	-361M	-183M
Other Investing Activities, Total	5.3M	-14.58M	864K	-4.57M	-3M
Cash from Investing	-222M	-151M	336M	-361M	-186M
Long-Term Debt Issued, Total	366M	154M	430M	365M	377M
Total Debt Issued	366M	154M	430M	365M	377M
Long-Term Debt Repaid, Total	-436M	-277M	-685M	-278M	-263M
Total Debt Repaid	-436M	-277M	-685M	-278M	-263M
Issuance of Common Stock	350M	276M	-	164M	162M
Common Dividends Paid	-8.9M	-36.7M	-34.83M	-36.06M	-41.8M
Common & Preferred Stock Dividends Paid	-8.9M	-36.7M	-34.83M	-36.06M	-41.8M
Other Financing Activities, Total	-25.2M	-5.24M	-2.24M	138M	65.4M
Cash from Financing	246M	111M	-292M	352M	299M
Net Change in Cash	400K	-17.88M	45.86M	-8.78M	138M
Supplemental Items
Cash Interest Paid	28M	11.76M	4.66M	7.79M	12.6M
Cash Income Tax Paid (Refund)	-	-	1.71M	1.99M	-
Net Debt Issued / Repaid	-70.1M	-123M	-255M	86.5M	114M
Levered Free Cash Flow	53.11M	-487M	546M	-79.23M	143M
Unlevered Free Cash Flow	64.09M	-483M	548M	-74.26M	153M
Change In Net Working Capital	-43.6M	512M	-463M	103M	-126M

Fiscal Period: June	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.65	2.45	8.63	1.93	1.3
Return on Total Capital	1.71	2.51	9	2.03	1.35
Return On Equity %	-0.49	-13.3	13.78	8.14	8.45
Return on Common Equity	-0.49	-13.91	9.95	6.08	5.85
Margin Analysis
Gross Profit Margin %	54.02	70.24	91.39	71.45	100
SG&A Margin	11.05	13.95	12.94	31.61	65.35
EBITDA Margin %	-	-	78.55	41.14	35.93
EBITA Margin %	42.97	56.29	78.45	39.84	34.65
EBIT Margin %	42.97	56.29	78.45	39.84	34.65
Income From Continuing Operations Margin %	-3.82	-121.65	64.33	95.3	121.96
Net Income Margin %	-3.82	-114.29	46.33	65.3	70.36
Net Avail. For Common Margin %	-3.82	-126.84	46.33	65.3	70.36
Normalized Net Income Margin	-3.92	22.28	27.36	32.7	49.61
Levered Free Cash Flow Margin	72.46	-618.04	327.68	-90.6	152.33
Unlevered Free Cash Flow Margin	87.43	-613.16	328.77	-84.92	162.59
Asset Turnover
Asset Turnover	0.06	0.07	0.18	0.08	0.06
Fixed Assets Turnover	0.07	0.12	1.7	12.62	19.14
Receivables Turnover (Average Receivables)	34.09	15.59	7.26	4.55	6.9
Short Term Liquidity
Current Ratio	0.79	31.09	3.52	1.79	1.18
Quick Ratio	0.7	1.6	2.97	0.77	1.14
Operating Cash Flow to Current Liabilities	-0.48	1.38	0.05	0	0.11
Days Sales Outstanding (Average Receivables)	10.74	23.41	50.3	80.22	53.03
Average Days Payable Outstanding	238.93	202.55	94.91	25.47	-
Long Term Solvency
Total Debt/Equity	69.58	35.9	0.51	7.5	13.41
Total Debt / Total Capital	41.03	26.42	0.51	6.97	11.82
LT Debt/Equity	68.27	35.87	0.43	0.24	0.13
Long-Term Debt / Total Capital	40.26	26.39	0.43	0.22	0.12
Total Liabilities / Total Assets	42.91	27.63	7.33	10.74	15.72
EBIT / Interest Expense	1.07	4.06	22.66	4.07	1.91
EBITDA / Interest Expense	-	-	22.75	4.31	2.04
(EBITDA - Capex) / Interest Expense	-	-	22.75	4.31	2.04
Total Debt / EBITDA	-	-	0.03	2.44	5.84
Net Debt / EBITDA	-	-	-0.41	1.11	-1.31
Total Debt / (EBITDA - Capex)	-	-	0.03	2.44	5.84
Net Debt / (EBITDA - Capex)	-	-	-0.41	1.11	-1.31
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	48.98	26.48	111.75	-47.56	7.32
Gross Profit, 1 Yr. Growth %	111.76	49.27	178.34	-59	7.32
EBITDA, 1 Yr. Growth %	-	-	-	-72.53	-14.47
EBITA, 1 Yr. Growth %	191.67	53.14	198.9	-73.37	-15.14
EBIT, 1 Yr. Growth %	191.67	53.14	198.9	-73.37	-15.14
Earnings From Cont. Operations, 1 Yr. Growth %	-87.61	-1.71K	-211.98	-22.31	37.33
Net Income, 1 Yr. Growth %	-87.61	3.09K	-185.84	-26.08	15.59
Diluted EPS Before Extra, 1 Yr. Growth %	-93.09	-1.12K	-171.57	-30.16	2.52
Normalized Net Income, 1 Yr. Growth %	-86.89	230.44	165.35	-37.32	62.65
Net Property, Plant and Equip., 1 Yr. Growth %	21.94	-82.85	-95.78	-25.53	-33.9
Accounts Receivable, 1 Yr. Growth %	277.78	61.33	194.23	-13.13	-33.33
Total Assets, 1 Yr. Growth %	15.32	-23.11	-7.07	47.3	32.95
Common Equity, 1 Yr. Growth %	72.09	-3.1	19.68	22.18	18.3
Tangible Book Value, 1 Yr. Growth %	72.09	-3.1	-6.74	28.46	22.34
Cash From Operations, 1 Yr. Growth %	-53.97	-197.43	-92.92	-77.51	8.4K
Levered Free Cash Flow, 1 Yr. Growth %	-	-1.02K	-212.23	-114.5	-285.42
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-873.81	-213.5	-113.55	-311.56
Dividend Per Share, 1 Yr. Growth %	-	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	26.51	63.65	5.38	-25
Gross Profit, 2 Yr. CAGR %	-	71.98	102.8	6.83	-21.54
EBITDA, 2 Yr. CAGR %	-	-	-	-	-49.28
EBITA, 2 Yr. CAGR %	-	102.59	112.59	-10.78	-50.16
EBIT, 2 Yr. CAGR %	-	102.59	112.59	-10.78	-50.16
Earnings From Cont. Operations, 2 Yr. CAGR %	-	105.87	323.98	-6.73	3.27
Net Income, 2 Yr. CAGR %	-	99.55	423.57	-20.34	-7.57
Diluted EPS Before Extra, 2 Yr. CAGR %	-	22.86	170.83	-29.3	-15.38
Normalized Net Income, 2 Yr. CAGR %	-	-10.57	193.14	28.96	1
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-54.27	-91.5	-82.28	-29.94
Accounts Receivable, 2 Yr. CAGR %	-	147.09	117.87	59.87	-23.75
Total Assets, 2 Yr. CAGR %	-	-5.84	-15.47	17	39.94
Common Equity, 2 Yr. CAGR %	-	29.14	7.69	20.92	20.23
Tangible Book Value, 2 Yr. CAGR %	-	29.14	-4.94	9.45	25.37
Cash From Operations, 2 Yr. CAGR %