Cash flow M&C Saatchi plc

Equities

SAA

GB00B01F7T14

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Delayed London S.E. Other stock markets 11:08:52 10/09/2024 BST			5-day change	1st Jan Change
205.00 ^GBX	-0.49%		-3.76%	+28.12%

07-23	AdvancedAdvT says acquired Capita business performing well	AN
07-02	M&C Saatchi plc Announces Termination of Bruce Charles Marson as Director	CI

28814438bec1012ee1237300dd05.21lUPqzHo8wMcseUrRgNWa9zFU-zKe6zPvz07q0gshQ.qm8jSeqzyqFZX4nB6ktDPO0gdizHGoD_e6O4qsBQ-n64dGNVzYTL_1QTng

Published financial data: M&C SAATCHI PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	381M	323M	395M	463M	454M
Total Revenues	381M	323M	395M	463M	454M
Cost of Goods Sold, Total	314M	268M	322M	387M	382M
Gross Profit	66.65M	55.33M	72.87M	75.79M	72.05M
Depreciation & Amortization - (IS)	12.45M	11.66M	9.2M	9.33M	8.82M
Amortization of Goodwill and Intangible Assets - (IS)	2.86M	2.28M	1.41M	1.06M	841K
Other Operating Expenses	49.69M	38.95M	38.09M	39.54M	36.57M
Other Operating Expenses, Total	65M	52.88M	48.7M	49.93M	46.23M
Operating Income	1.65M	2.45M	24.17M	25.86M	25.82M
Interest Expense, Total	-3.41M	-4.24M	-4.48M	-8.7M	-5.4M
Interest And Investment Income	522K	293K	234K	386K	826K
Net Interest Expenses	-2.89M	-3.95M	-4.25M	-8.31M	-4.57M
Income (Loss) On Equity Invest.	13.21M	-113K	-190K	-10K	121K
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-2.73M	-49K	-870K	3.2M	-2.11M
EBT, Excl. Unusual Items	9.24M	-1.66M	18.86M	20.74M	19.26M
Restructuring Charges	-4.21M	-2.64M	2.56M	-2.78M	-6.12M
Merger & Related Restructuring Charges	-	-	-	-10.83M	-
Impairment of Goodwill	-5.87M	-	-1.9M	-556K	-3.73M
Gain (Loss) On Sale Of Investments	-5.65M	-2.64M	2.51M	-1.13M	-4.9M
Gain (Loss) On Sale Of Assets	-	1.43M	-55K	-	782K
Asset Writedown	-	-3.22M	-1.04M	-8K	-3.06M
Other Unusual Items	-2.08M	219K	692K	-4K	-1.51M
EBT, Incl. Unusual Items	-8.57M	-8.51M	21.63M	5.42M	715K
Income Tax Expense	3.26M	1.41M	8.46M	5.18M	3.52M
Earnings From Continuing Operations	-11.83M	-9.92M	13.17M	245K	-2.8M
Net Income to Company	-11.83M	-9.92M	13.17M	245K	-2.8M
Minority Interest	33K	21K	-416K	-155K	-727K
Net Income - (IS)	-11.8M	-9.9M	12.76M	90K	-3.53M
Net Income to Common Incl Extra Items	-11.8M	-9.9M	12.76M	90K	-3.53M
Net Income to Common Excl. Extra Items	-11.8M	-9.9M	12.76M	90K	-3.53M
Per Share Items
Net EPS - Basic	-0.13	-0.09	0.11	0	-0.03
Basic EPS - Continuing Operations	-0.13	-0.09	0.11	0	-0.03
Basic Weighted Average Shares Outstanding	90.25M	109M	121M	121M	122M
Net EPS - Diluted	-0.13	-0.09	0.09	0	-0.03
Diluted EPS - Continuing Operations	-0.13	-0.09	0.09	0	-0.03
Diluted Weighted Average Shares Outstanding	90.25M	109M	136M	136M	122M
Normalized Basic EPS	0.06	-0.01	0.09	0.11	0.09
Normalized Diluted EPS	0.06	-0.01	0.08	0.09	0.09
Dividend Per Share	0.02	-	-	0.02	0.02
Payout Ratio	-83.19	-	-	-	-51.97
Supplemental Items
EBITDA	7.51M	6.69M	27.37M	28.94M	29.1M
EBITA	4.12M	4.13M	25.14M	26.46M	26.53M
EBIT	1.65M	2.45M	24.17M	25.86M	25.82M
EBITDAR	8.11M	7.15M	27.84M	29.51M	-
Effective Tax Rate - (Ratio)	-37.98	-16.59	39.1	95.48	491.89
Total Current Taxes	2.45M	5.08M	7.81M	2.78M	5.24M
Total Deferred Taxes	806K	-3.66M	650K	2.4M	-1.72M
Normalized Net Income	5.81M	-1.02M	11.37M	12.8M	11.31M
Interest on Long-Term Debt	1.84M	2.47M	2.93M	3.19M	3.09M
Supplemental Operating Expense Items
Net Rental Expense, Total	601K	463K	469K	573K	-
Imputed Operating Lease Interest Expense	205K	160K	186K	504K	-
Imputed Operating Lease Depreciation	396K	303K	283K	68.95K	-
Stock-Based Comp., COGS (Total)	10.61M	4.22M	170K	3.66M	5.28M
Total Stock-Based Compensation	10.61M	4.22M	170K	3.66M	5.28M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	68.98M	76.3M	69.42M	41.49M	24.33M
Total Cash And Short Term Investments	68.98M	76.3M	69.42M	41.49M	24.33M
Accounts Receivable, Total	86.56M	59.23M	102M	123M	103M
Other Receivables	28.17M	29.15M	28.6M	8.28M	19.13M
Total Receivables	115M	88.38M	130M	131M	122M
Prepaid Expenses	4.4M	3.5M	2.66M	4.89M	6.23M
Other Current Assets, Total	-	-	-	-	780K
Total Current Assets	188M	168M	202M	177M	153M
Gross Property Plant And Equipment	68.4M	51.38M	61.52M	63.14M	52.83M
Accumulated Depreciation	-12.41M	-10.22M	-10.79M	-10.84M	-12.05M
Net Property Plant And Equipment	56M	41.16M	50.73M	52.3M	40.78M
Long-term Investments	18.63M	14.24M	15.38M	12.18M	7.36M
Goodwill	33.57M	33.45M	35.98M	37.19M	32.48M
Other Intangibles, Total	4.64M	3.07M	4.52M	4.78M	2.12M
Loans Receivable Long-Term	2.5M	2.25M	98K	-	1.04M
Deferred Tax Assets Long-Term	5.28M	8.3M	6.78M	5.13M	6.04M
Other Long-Term Assets, Total	1.42M	1.24M	1.11M	2.02M	4.37M
Total Assets	310M	272M	317M	291M	247M
Liabilities
Accounts Payable, Total	51.2M	39.49M	36.58M	50.44M	35.18M
Accrued Expenses, Total	58.73M	49.07M	81.52M	71.1M	68.19M
Short-term Borrowings	16.23M	13.92M	14.44M	4.27M	-
Current Portion of Long-Term Debt	35.98M	27.16M	297K	159K	15.94M
Current Portion of Leases	10.77M	6.25M	6.95M	6.45M	5.75M
Current Income Taxes Payable	1.01M	2.02M	837K	481K	743K
Unearned Revenue Current, Total	20.96M	22.02M	18.94M	20.5M	17.68M
Other Current Liabilities	15.76M	17.48M	39.97M	32.99M	23.74M
Total Current Liabilities	211M	177M	200M	186M	167M
Long-Term Debt	162K	2.2M	19.82M	6.8M	-
Long-Term Leases	44M	40.17M	49.9M	49.12M	43.69M
Pension & Other Post Retirement Benefits	-	-	561K	1.85M	875K
Deferred Tax Liability Non Current	371K	405K	777K	1.24M	1.24M
Other Non Current Liabilities	5.36M	6.58M	13.56M	7.48M	4.73M
Total Liabilities	261M	227M	284M	253M	218M
Common Stock, Total	936K	1.16M	1.23M	1.23M	1.23M
Additional Paid In Capital	44.61M	44.61M	50.33M	50.33M	50.33M
Retained Earnings	6.85M	-4.94M	-22.12M	-21.3M	-26.23M
Treasury Stock	-550K	-550K	-550K	-550K	-550K
Comprehensive Income and Other	-2.61M	4.62M	3.6M	8.31M	4.23M
Total Common Equity	49.24M	44.9M	32.48M	38.01M	29M
Minority Interest	365K	233K	373K	173K	533K
Total Equity	49.6M	45.13M	32.86M	38.19M	29.54M
Total Liabilities And Equity	310M	272M	317M	291M	247M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	93.11M	122M	122M	122M	122M
ECS Total Common Shares Outstanding	93.11M	115M	122M	122M	122M
Book Value / Share	0.53	0.39	0.27	0.31	0.24
Tangible Book Value	11.03M	8.38M	-8.02M	-3.96M	-5.59M
Tangible Book Value Per Share	0.12	0.07	-0.07	-0.03	-0.05
Total Debt	107M	89.7M	91.4M	66.8M	65.39M
Net Debt	38.16M	13.41M	21.98M	25.31M	41.06M
Debt Equivalent Oper. Leases	4.81M	3.7M	3.75M	4.58M	-
Minority Interest, Total (Incl. Fin. Div)	365K	233K	373K	173K	533K
Equity Method Investments, Total	3.78M	2.83M	202K	191K	138K
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	11.56M	8.88M	9.83M	11.98M	12.01M
Full Time Employees	2.49K	2.45K	2.65K	2.73K	2.71K
Accumulated Allowance for Doubtful Accounts (Supple)	1.62M	677K	877K	1.83M	2.25M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-11.8M	-9.9M	12.76M	90K	-3.53M
Depreciation & Amortization - CF	12.45M	11.66M	9.2M	9.33M	8.82M
Amortization of Goodwill and Intangible Assets - (CF)	2.47M	1.69M	965K	597K	703K
Depreciation & Amortization, Total	14.92M	13.34M	10.16M	9.92M	9.52M
Amortization of Deferred Charges, Total - (CF)	394K	589K	447K	172K	138K
(Gain) Loss From Sale Of Asset	388K	1.07M	919K	340K	271K
(Gain) Loss on Sale of Investments - (CF)	-	2.82M	-3.53M	1.4M	4.72M
Asset Writedown & Restructuring Costs	5.87M	3.22M	2.94M	1.02M	6.81M
Stock-Based Compensation (CF)	4.66M	2.59M	2.24M	729K	841K
Other Operating Activities, Total	-6.58M	3.77M	8.19M	4.01M	-7.81M
Change In Accounts Receivable	39.87M	9.05M	-38.91M	-4.19M	9.92M
Change In Accounts Payable	-18.51M	9.42M	23.43M	9.1M	-24.44M
Change in Unearned Revenues	-4.22M	-	-	-	-
Change in Other Net Operating Assets	2.99M	-2.32M	316K	-137K	-6K
Cash from Operations	27.99M	33.66M	18.95M	22.47M	-3.56M
Capital Expenditure	-4.09M	-3.18M	-1.79M	-4.38M	-1.83M
Sale of Property, Plant, and Equipment	30K	387K	223K	-	-
Cash Acquisitions	-635K	-	633K	-	-
Divestitures	-	-	-	-	-209K
Sale (Purchase) of Intangible assets	-1.71M	-502K	-837K	-1.19M	-19K
Investment in Marketable and Equity Securities, Total	22.3M	-3.6M	126K	918K	49K
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-608K
Other Investing Activities, Total	3.56M	364K	260K	391K	831K
Cash from Investing	19.45M	-6.53M	-1.38M	-4.27M	-1.78M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	15.04M	3.47M	9.3M	-	9M
Total Debt Issued	15.04M	3.47M	9.3M	-	9M
Short Term Debt Repaid, Total	-2M	-	-	-	-
Long-Term Debt Repaid, Total	-27.96M	-16.12M	-23.12M	-20.72M	-6.39M
Total Debt Repaid	-29.96M	-16.12M	-23.12M	-20.72M	-6.39M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-9.81M	-	-	-	-1.83M
Common & Preferred Stock Dividends Paid	-9.81M	-	-	-	-1.83M
Other Financing Activities, Total	-7.42M	-5.1M	-11.09M	-17.95M	-6.14M
Cash from Financing	-32.15M	-17.75M	-24.91M	-38.67M	-5.37M
Foreign Exchange Rate Adjustments	-857K	246K	-55K	2.71M	-2.19M
Net Change in Cash	14.44M	9.63M	-7.4M	-17.76M	-12.9M
Supplemental Items
Cash Interest Paid	3.32M	4.22M	4.36M	4.17M	5.19M
Cash Income Tax Paid (Refund)	7.77M	1.64M	6.84M	6.71M	4.16M
Levered Free Cash Flow	37.56M	23M	27.12M	13.57M	3.07M
Unlevered Free Cash Flow	39.7M	25.65M	29.92M	19.01M	6.45M
Change In Net Working Capital	-18.54M	-9.65M	-6.66M	5.34M	22.78M
Net Debt Issued / Repaid	-14.92M	-12.65M	-13.82M	-20.72M	2.61M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.34	0.53	5.13	5.32	6
Return on Total Capital	0.74	1.05	11.66	14.1	16.15
Return On Equity %	-19.96	-20.94	33.78	0.69	-8.28
Return on Common Equity	-20.13	-21.03	32.97	0.26	-10.53
Margin Analysis
Gross Profit Margin %	17.49	17.12	18.47	16.39	15.87
EBITDA Margin %	1.97	2.07	6.94	6.26	6.41
EBITA Margin %	1.08	1.28	6.37	5.72	5.84
EBIT Margin %	0.43	0.76	6.13	5.59	5.69
Income From Continuing Operations Margin %	-3.1	-3.07	3.34	0.05	-0.62
Net Income Margin %	-3.1	-3.06	3.23	0.02	-0.78
Net Avail. For Common Margin %	-3.1	-3.06	3.23	0.02	-0.78
Normalized Net Income Margin	1.52	-0.32	2.88	2.77	2.49
Levered Free Cash Flow Margin	9.86	7.12	6.87	2.93	0.68
Unlevered Free Cash Flow Margin	10.42	7.94	7.58	4.11	1.42
Asset Turnover
Asset Turnover	1.24	1.12	1.34	1.52	1.69
Fixed Assets Turnover	11.71	6.65	8.59	8.98	9.75
Receivables Turnover (Average Receivables)	3.72	4.9	4.68	3.73	4.27
Short Term Liquidity
Current Ratio	0.89	0.95	1.01	0.95	0.92
Quick Ratio	0.87	0.93	1	0.93	0.87
Operating Cash Flow to Current Liabilities	0.13	0.19	0.09	0.12	-0.02
Days Sales Outstanding (Average Receivables)	98.02	74.7	78.02	97.78	85.53
Average Days Payable Outstanding	70.98	61.94	43.15	41.06	40.92
Long Term Solvency
Total Debt/Equity	216.01	198.76	278.18	174.94	221.38
Total Debt / Total Capital	68.36	66.53	73.56	63.63	68.88
LT Debt/Equity	89.03	93.88	212.18	146.45	147.93
Long-Term Debt / Total Capital