Cash flow Scandi Standard AB (publ)

Equities

SCST

SE0005999760

Market Closed - Nasdaq Stockholm Other stock markets 17:00:00 13/09/2024 BST			5-day change	1st Jan Change
87.50 ^SEK	-0.23%		+1.86%	+52.17%

08-13	Scandi Standard to Buy Poultry Processing Business in Lithuania	MT
08-13	Scandi Standard AB (OM:SCST) agreed to acquire Integrated state-of-the-art poultry processor in Lithuania from a group of local entrepreneurs for ?23.5 million.	CI

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Published financial data: SCANDI STANDARD AB (PUBL)

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	9.89B	9.94B	10.1B	12.12B	13.01B
Other Revenues, Total	17M	7M	8M	8M	8M
Total Revenues	9.91B	9.95B	10.11B	12.13B	13.02B
Cost of Goods Sold, Total	5.98B	5.87B	6.15B	7.7B	8.2B
Gross Profit	3.93B	4.08B	3.96B	4.43B	4.82B
Selling General & Admin Expenses, Total	1.98B	2.07B	2.04B	2.13B	2.42B
Depreciation & Amortization - (IS)	323M	348M	376M	418M	424M
Other Operating Expenses	1.22B	1.31B	1.33B	1.58B	1.53B
Other Operating Expenses, Total	3.51B	3.73B	3.75B	4.14B	4.38B
Operating Income	414M	348M	214M	294M	439M
Interest Expense, Total	-76M	-66M	-54M	-84M	-144M
Interest And Investment Income	1M	-	1M	-	3M
Net Interest Expenses	-75M	-66M	-53M	-84M	-141M
Income (Loss) On Equity Invest.	1M	2M	2M	2M	1M
Currency Exchange Gains (Loss)	-18M	-17M	3M	-12M	6M
Other Non Operating Income (Expenses)	-16M	-12M	-26M	-11M	4M
EBT, Excl. Unusual Items	306M	255M	140M	189M	309M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	1M	-	1M	2M	4M
Asset Writedown	-2M	-2M	-2M	-16M	-
Insurance Settlements	6M	7M	1M	8M	19M
Other Unusual Items	-	-	-	2M	-
EBT, Incl. Unusual Items	311M	260M	140M	185M	332M
Income Tax Expense	75M	52M	37M	47M	59M
Earnings From Continuing Operations	236M	208M	103M	138M	273M
Net Income to Company	236M	208M	103M	138M	273M
Minority Interest	-1M	-1M	1M	-6M	-4M
Net Income - (IS)	235M	207M	104M	132M	269M
Net Income to Common Incl Extra Items	235M	207M	104M	132M	269M
Net Income to Common Excl. Extra Items	235M	207M	104M	132M	269M
Per Share Items
Net EPS - Basic	3.6	3.16	1.59	2.02	4.12
Basic EPS - Continuing Operations	3.6	3.16	1.59	2.02	4.12
Basic Weighted Average Shares Outstanding	65.36M	65.5M	65.29M	65.33M	65.33M
Net EPS - Diluted	3.6	3.16	1.59	2.02	4.11
Diluted EPS - Continuing Operations	3.6	3.16	1.59	2.02	4.11
Diluted Weighted Average Shares Outstanding	65.36M	65.5M	65.29M	65.33M	65.33M
Normalized Basic EPS	2.91	2.42	1.36	1.72	2.9
Normalized Diluted EPS	2.91	2.42	1.36	1.72	2.9
Dividend Per Share	-	1.25	-	1.15	2.3
Payout Ratio	55.74	-	77.88	-	27.88
Supplemental Items
EBITDA	646M	608M	502M	606M	761M
EBITA	466M	398M	264M	345M	484M
EBIT	414M	348M	214M	294M	439M
EBITDAR	668M	631M	523M	626M	786M
Effective Tax Rate - (Ratio)	24.12	20	26.43	25.41	17.77
Total Current Taxes	53M	61M	59M	65M	79M
Total Deferred Taxes	22M	-9M	-22M	-17M	-20M
Normalized Net Income	190M	158M	88.5M	112M	189M
Interest on Long-Term Debt	12M	14M	11M	11M	12M
Non-Cash Pension Expense	4M	3M	12M	-2M	-5M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	6M	3M	6M	11M	13M
Net Rental Expense, Total	22M	23M	21M	20M	25M
Imputed Operating Lease Interest Expense	5.52M	5.12M	3.88M	6.21M	16M
Imputed Operating Lease Depreciation	16.48M	17.88M	17.12M	13.79M	9M
Stock-Based Comp., Other (Total)	-	-	5.16M	2.63M	3.47M
Total Stock-Based Compensation	-	-	5.16M	2.63M	3.47M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	194M	413M	350M	3M	4M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	194M	413M	350M	3M	4M
Accounts Receivable, Total	903M	818M	811M	1.1B	1.04B
Other Receivables	94M	79M	92M	110M	113M
Total Receivables	997M	897M	903M	1.2B	1.16B
Inventory	846M	841M	909M	1.06B	961M
Prepaid Expenses	68M	105M	83M	125M	104M
Other Current Assets, Total	-	6M	-	49M	4M
Total Current Assets	2.1B	2.26B	2.24B	2.45B	2.23B
Gross Property Plant And Equipment	5.1B	5.34B	5.72B	6.28B	6.44B
Accumulated Depreciation	-2.93B	-3.07B	-3.42B	-3.9B	-4.11B
Net Property Plant And Equipment	2.18B	2.27B	2.3B	2.39B	2.33B
Long-term Investments	47M	44M	49M	73M	72M
Goodwill	940M	888M	921M	971M	950M
Other Intangibles, Total	950M	863M	833M	876M	904M
Accounts Receivable Long-Term	9M	-	-	-	-
Deferred Tax Assets Long-Term	40M	41M	65M	90M	82M
Deferred Charges Long-Term	7M	15M	43M	39M	29M
Other Long-Term Assets, Total	-1M	-	34M	82M	54M
Total Assets	6.27B	6.38B	6.49B	6.96B	6.65B
Liabilities
Accounts Payable, Total	1.12B	1.16B	1.29B	1.62B	1.62B
Accrued Expenses, Total	412M	378M	433M	666M	703M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	73M	73M	68M	75M	76M
Current Income Taxes Payable	12M	29M	55M	56M	66M
Unearned Revenue Current, Total	-	-	-	-9M	-15M
Other Current Liabilities	258M	342M	184M	-	32M
Total Current Liabilities	1.87B	1.98B	2.03B	2.41B	2.48B
Long-Term Debt	1.94B	1.88B	1.89B	1.58B	1.21B
Long-Term Leases	381M	401M	367M	346M	311M
Pension & Other Post Retirement Benefits	26M	8M	3M	3M	3M
Deferred Tax Liability Non Current	174M	166M	178M	211M	163M
Other Non Current Liabilities	141M	71M	75M	83M	84M
Total Liabilities	4.53B	4.51B	4.54B	4.63B	4.25B
Common Stock, Total	1M	1M	1M	1M	1M
Additional Paid In Capital	727M	727M	646M	646M	571M
Retained Earnings	845M	1.08B	1.18B	1.33B	1.59B
Comprehensive Income and Other	166M	70M	124M	353M	238M
Total Common Equity	1.74B	1.88B	1.95B	2.33B	2.4B
Minority Interest	3M	1M	-	2M	-
Total Equity	1.74B	1.88B	1.95B	2.33B	2.4B
Total Liabilities And Equity	6.27B	6.38B	6.49B	6.96B	6.65B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	66.06M	65.6M	65.33M	65.33M	65.33M
ECS Total Common Shares Outstanding	66.06M	65.6M	65.33M	65.33M	65.33M
Book Value / Share	26.32	28.58	29.87	35.68	36.71
Tangible Book Value	-151M	124M	197M	484M	544M
Tangible Book Value Per Share	-2.29	1.89	3.02	7.41	8.33
Total Debt	2.39B	2.35B	2.32B	2B	1.6B
Net Debt	2.2B	1.94B	1.97B	2B	1.59B
Debt Equivalent of Unfunded Proj. Benefit Obligation	23M	9M	-34M	-66M	-55M
Debt Equivalent Oper. Leases	176M	184M	168M	160M	200M
Minority Interest, Total (Incl. Fin. Div)	3M	1M	-	2M	-
Equity Method Investments, Total	43M	43M	46M	51M	51M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	175M	199M	208M	258M	239M
Inventories - Work In Process, Total	12M	13M	23M	34M	33M
Inventories - Finished Goods, Total	540M	501M	554M	638M	543M
Inventories - Others	99M	103M	103M	110M	121M
Land - (BS)	25M	41M	45M	38M	40M
Buildings, Total	988M	984M	1.02B	1.19B	1.2B
Machinery, Total	3.17B	3.33B	3.67B	4.03B	4.14B
Full Time Employees	3K	3K	3.2K	3.18K	3.12K
Part Time Employees	-	-	-	430	189
Accumulated Allowance for Doubtful Accounts (Supple)	31M	35M	32M	15M	16M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	235M	207M	104M	132M	269M
Depreciation & Amortization - CF	265M	295M	320M	355M	366M
Amortization of Goodwill and Intangible Assets - (CF)	52M	50M	50M	51M	45M
Depreciation & Amortization, Total	317M	345M	370M	406M	411M
Amortization of Deferred Charges, Total - (CF)	6M	3M	6M	11M	13M
Asset Writedown & Restructuring Costs	2M	2M	2M	16M	-
Other Operating Activities, Total	96M	101M	-31M	16M	2M
Change In Accounts Receivable	37M	13M	64M	-301M	40M
Change In Inventories	-69M	-16M	-60M	-107M	95M
Change In Accounts Payable	296M	146M	158M	272M	93M
Cash from Operations	920M	801M	613M	445M	923M
Capital Expenditure	-432M	-355M	-306M	-280M	-254M
Sale of Property, Plant, and Equipment	12M	-	-	-	-
Cash Acquisitions	-133M	-104M	-171M	-	-34M
Sale (Purchase) of Intangible assets	-	-	-	-31M	-84M
Other Investing Activities, Total	0	-2M	-1M	-3M	-1M
Cash from Investing	-553M	-461M	-478M	-314M	-373M
Short Term Debt Issued, Total	-	-	-	3M	16M
Long-Term Debt Issued, Total	-	60M	-	2.56B	184M
Total Debt Issued	-	60M	-	2.56B	200M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-137M	-137M	-115M	-3.02B	-661M
Total Debt Repaid	-137M	-137M	-115M	-3.02B	-661M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-32M	-	-
Common Dividends Paid	-131M	-	-81M	-	-75M
Common & Preferred Stock Dividends Paid	-131M	-	-81M	-	-75M
Other Financing Activities, Total	6M	-25M	29M	-17M	-18M
Cash from Financing	-262M	-102M	-199M	-468M	-554M
Foreign Exchange Rate Adjustments	-	-19M	1M	-10M	6M
Miscellaneous Cash Flow Adjustments	-	-	1M	-	-1M
Net Change in Cash	105M	219M	-62M	-347M	1M
Supplemental Items
Cash Interest Paid	64M	69M	61M	88M	127M
Cash Income Tax Paid (Refund)	49M	41M	56M	55M	54M
Levered Free Cash Flow	363M	344M	180M	60.88M	565M
Unlevered Free Cash Flow	411M	386M	214M	113M	655M
Change In Net Working Capital	-261M	-175M	-5M	179M	-291M
Net Debt Issued / Repaid	-137M	-77M	-115M	-451M	-461M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.23	3.44	2.08	2.73	4.03
Return on Total Capital	6.33	5.2	3.15	4.27	6.59
Return On Equity %	14.18	11.5	5.38	6.44	11.54
Return on Common Equity	14.14	11.46	5.44	6.17	11.38
Margin Analysis
Gross Profit Margin %	39.64	41.01	39.2	36.53	36.99
SG&A Margin	19.94	20.81	20.22	17.6	18.62
EBITDA Margin %	6.52	6.11	4.97	5	5.84
EBITA Margin %	4.7	4	2.61	2.84	3.72
EBIT Margin %	4.18	3.5	2.12	2.42	3.37
Income From Continuing Operations Margin %	2.38	2.09	1.02	1.14	2.1
Net Income Margin %	2.37	2.08	1.03	1.09	2.07
Net Avail. For Common Margin %	2.37	2.08	1.03	1.09	2.07
Normalized Net Income Margin	1.92	1.59	0.88	0.92	1.45
Levered Free Cash Flow Margin	3.67	3.46	1.78	0.5	4.34
Unlevered Free Cash Flow Margin	4.15	3.88	2.12	0.93	5.03
Asset Turnover
Asset Turnover	1.62	1.57	1.57	1.8	1.91
Fixed Assets Turnover	4.78	4.47	4.42	5.17	5.52
Receivables Turnover (Average Receivables)	11.27	11.55	12.4	12.72	12.17
Inventory Turnover (Average Inventory)	7.41	6.96	7.02	7.8	8.1
Short Term Liquidity
Current Ratio	1.12	1.14	1.11	1.02	0.9
Quick Ratio	0.64	0.66	0.62	0.5	0.47
Operating Cash Flow to Current Liabilities	0.49	0.4	0.3