Cash flow Technoprobe S.p.A.

Equities

TPRO

IT0005482333

Semiconductors

Market Closed - Borsa Italiana Other stock markets 16:44:59 13/09/2024 BST			5-day change	1st Jan Change
6.570 ^EUR	+1.08%		+2.90%	-24.00%

09-09	Technoprobe has purchased 332,250 of its own ordinary shares	AN
09-09	Indices up; EU recession fears for Sentix	AN

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Published financial data: TECHNOPROBE S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	204M	330M	392M	549M	409M
Total Revenues	204M	330M	392M	549M	409M
Cost of Goods Sold, Total	80.56M	127M	160M	218M	211M
Gross Profit	124M	202M	232M	331M	198M
Selling General & Admin Expenses, Total	36.09M	39.64M	48.86M	65.45M	59.76M
Provision for Bad Debts	262K	52K	-243K	178K	-49K
R&D Expenses	13.28M	20.34M	33.36M	55.63M	56.19M
Other Operating Expenses, Total	49.63M	60.03M	81.98M	121M	116M
Operating Income	74.17M	142M	150M	210M	81.94M
Interest Expense, Total	-125K	-199K	-152K	-213K	-288K
Interest And Investment Income	1.07M	154K	32K	1.17M	8.5M
Net Interest Expenses	948K	-45K	-120K	961K	8.21M
Currency Exchange Gains (Loss)	1.37M	-8.07M	7.11M	1.92M	-4.8M
Other Non Operating Income (Expenses)	1.91M	2.45M	-4.42M	-4.09M	1.99M
EBT, Excl. Unusual Items	78.39M	137M	152M	209M	87.35M
Merger & Related Restructuring Charges	-416K	-	-	-	-
Other Unusual Items	-	-	-	-1.6M	-2.1M
EBT, Incl. Unusual Items	77.98M	137M	152M	207M	85.25M
Income Tax Expense	11.84M	35.17M	33.08M	59.02M	-12.13M
Earnings From Continuing Operations	66.14M	102M	119M	148M	97.38M
Net Income to Company	66.14M	102M	119M	148M	97.38M
Minority Interest	-958K	-407K	-1.03M	-311K	-377K
Net Income - (IS)	65.18M	101M	118M	148M	97M
Net Income to Common Incl Extra Items	65.18M	101M	118M	148M	97M
Net Income to Common Excl. Extra Items	65.18M	101M	118M	148M	97M
Per Share Items
Net EPS - Basic	0.13	0.2	0.21	0.25	0.16
Basic EPS - Continuing Operations	0.13	0.2	0.21	0.25	0.16
Basic Weighted Average Shares Outstanding	500M	501M	576M	598M	600M
Net EPS - Diluted	0.13	0.2	0.21	0.25	0.16
Diluted EPS - Continuing Operations	0.13	0.2	0.21	0.25	0.16
Diluted Weighted Average Shares Outstanding	500M	501M	576M	598M	600M
Normalized Basic EPS	0.1	0.17	0.16	0.22	0.09
Normalized Diluted EPS	0.1	0.17	0.16	0.22	0.09
Payout Ratio	23.79	19.07	3.13	-	-
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	85.16M	158M	173M	242M	120M
EBITA	74.44M	143M	150M	211M	82.86M
EBIT	74.17M	142M	150M	210M	81.94M
EBITDAR	85.48M	159M	174M	244M	122M
Effective Tax Rate - (Ratio)	15.18	25.72	21.7	28.48	-14.23
Total Current Taxes	14.97M	36.41M	39.89M	61.22M	24.53M
Total Deferred Taxes	-3.48M	-1.45M	-6.65M	-2.83M	-5.09M
Normalized Net Income	48.04M	85.06M	94.24M	130M	54.22M
Interest on Long-Term Debt	38K	48K	152K	213K	288K
Non-Cash Pension Expense	-	-	1.82M	2.97M	3.95M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	13.98M	20.56M	33.71M	56.42M	56.76M
Net Rental Expense, Total	323K	1.5M	1.19M	1.76M	2.09M
Imputed Operating Lease Interest Expense	-	121K	58.85K	298K	443K
Imputed Operating Lease Depreciation	-	1.38M	1.13M	1.46M	1.65M
Maintenance & Repair Expenses, Total	3M	3.27M	5.49M	5.03M	6.13M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	91.83M	158M	147M	411M	362M
Short Term Investments	341K	-	-	-	-
Total Cash And Short Term Investments	92.17M	158M	147M	411M	362M
Accounts Receivable, Total	46.31M	80.28M	103M	75.42M	67.83M
Other Receivables	2.64M	11.04M	12.4M	13.96M	54.94M
Notes Receivable	608K	120K	30K	9K	-
Total Receivables	49.56M	91.44M	115M	89.38M	123M
Inventory	22.97M	34.77M	71.9M	110M	119M
Prepaid Expenses	1.09M	1.55M	1.88M	3.87M	4.2M
Other Current Assets, Total	243K	445K	90K	1.71M	922K
Total Current Assets	166M	287M	336M	616M	609M
Gross Property Plant And Equipment	138M	187M	242M	329M	409M
Accumulated Depreciation	-45.41M	-60.19M	-72.79M	-119M	-156M
Net Property Plant And Equipment	92.17M	127M	169M	210M	252M
Long-term Investments	147K	141K	123K	141K	443K
Goodwill	9.84M	9.02M	9.76M	10.35M	25.45M
Other Intangibles, Total	6.94M	6.05M	6.67M	10.74M	17.87M
Deferred Tax Assets Long-Term	5.34M	6.44M	13.6M	16.6M	20.93M
Other Long-Term Assets, Total	241K	509K	2.1M	2.87M	2.7M
Total Assets	281M	436M	537M	867M	928M
Liabilities
Accounts Payable, Total	17.37M	27.33M	32.78M	40.86M	38.99M
Accrued Expenses, Total	12.02M	17.36M	26.32M	32.02M	28.74M
Short-term Borrowings	3K	30.56M	4.42M	-	-
Current Portion of Leases	540K	623K	2.01M	2.35M	3.14M
Current Income Taxes Payable	1.51M	22.95M	1.13M	21.76M	1.24M
Unearned Revenue Current, Total	920K	590K	1.55M	3.08M	3.17M
Other Current Liabilities	1.57M	1.33M	2.69M	3.2M	1.57M
Total Current Liabilities	33.93M	101M	70.9M	103M	76.84M
Long-Term Debt	-	4.24M	-	-	-
Long-Term Leases	1.97M	1.77M	5.52M	5.85M	10.39M
Pension & Other Post Retirement Benefits	2.34M	2.54M	2.66M	297K	288K
Deferred Tax Liability Non Current	410K	388K	335K	320K	3.48M
Other Non Current Liabilities	2.01M	2.01M	11.65M	20.11M	20.09M
Total Liabilities	40.66M	112M	91.06M	130M	111M
Common Stock, Total	5M	5.76M	5.76M	6.01M	6.01M
Additional Paid In Capital	-	-	-	139M	139M
Retained Earnings	207M	289M	404M	552M	649M
Treasury Stock	-	-	-	-	-11.75M
Comprehensive Income and Other	26.44M	27.09M	34.38M	39.29M	33.88M
Total Common Equity	238M	322M	444M	736M	816M
Minority Interest	1.56M	2.18M	2.53M	1.04M	1.53M
Total Equity	240M	324M	446M	737M	817M
Total Liabilities And Equity	281M	436M	537M	867M	928M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	500M	576M	576M	601M	601M
ECS Total Common Shares Outstanding	500M	-	576M	601M	601M
Book Value / Share	0.48	0.56	0.77	1.22	1.36
Tangible Book Value	222M	307M	427M	715M	772M
Tangible Book Value Per Share	0.44	0.53	0.74	1.19	1.29
Total Debt	2.51M	37.19M	11.95M	8.2M	13.53M
Net Debt	-89.66M	-121M	-135M	-403M	-348M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	276K	297K	288K
Debt Equivalent Oper. Leases	2.58M	12.02M	9.51M	14.09M	16.73M
Minority Interest, Total (Incl. Fin. Div)	1.56M	2.18M	2.53M	1.04M	1.53M
Account Code - Inventory Valuation	-	6	6	6	6
Inventories - Raw Materials, Total	18.5M	29.38M	53.57M	74.9M	75.84M
Inventories - Work In Process, Total	9.66M	9.35M	22.38M	45.85M	69.78M
Inventories - Finished Goods, Total	527K	2.68M	3.67M	4.38M	1.16M
Land - (BS)	23.45M	29.72M	39.83M	44.88M	53.93M
Machinery, Total	90.08M	127M	153M	208M	265M
Full Time Employees	-	-	943	2.12K	2.75K
Accumulated Allowance for Doubtful Accounts (Supple)	1.15M	1.15M	920K	1.04M	945K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	65.18M	101M	118M	148M	97M
Depreciation & Amortization - CF	11.19M	15.64M	24.22M	35.4M	39.9M
Amortization of Goodwill and Intangible Assets - (CF)	271K	445K	431K	485K	915K
Depreciation & Amortization, Total	11.46M	16.08M	24.65M	35.88M	40.82M
Amortization of Deferred Charges, Total - (CF)	324K	393K	393K	856K	2.13M
(Gain) Loss From Sale Of Asset	-	-	-	-235K	-125K
(Gain) Loss on Sale of Investments - (CF)	26K	-196K	-	-	-
Provision and Write-off of Bad Debts	-	-	-243K	-	-
Other Operating Activities, Total	14.35M	22.21M	-17.23M	31.97M	-54.98M
Change In Accounts Receivable	-14.39M	-34.02M	-22.08M	27.25M	11.71M
Change In Inventories	-16.9M	-12.72M	-38.09M	-45.38M	-19.71M
Change In Accounts Payable	8.16M	9.96M	5.39M	8.22M	-3.54M
Change in Other Net Operating Assets	1.02M	-4.91M	10.16M	765K	-11.54M
Cash from Operations	69.24M	97.97M	81.26M	207M	61.75M
Capital Expenditure	-36.77M	-51.25M	-58.7M	-74.64M	-62.83M
Sale of Property, Plant, and Equipment	715K	457K	795K	1.3M	4.88M
Cash Acquisitions	-19.3M	-	-	-	-41.66M
Sale (Purchase) of Intangible assets	-616K	-470K	-987K	-5.07M	-1.09M
Investment in Marketable and Equity Securities, Total	-879K	620K	-108K	-97K	1.89M
Other Investing Activities, Total	-	-	-	198K	5.4M
Cash from Investing	-56.85M	-50.64M	-59M	-78.32M	-93.42M
Long-Term Debt Issued, Total	-	34.8M	-	-	-
Total Debt Issued	-	34.8M	-	-	-
Short Term Debt Repaid, Total	-	-	-30.41M	-4.65M	-
Long-Term Debt Repaid, Total	-461K	-973K	-2.48M	-3.08M	-3.01M
Total Debt Repaid	-461K	-973K	-32.88M	-7.73M	-3.01M
Issuance of Common Stock	4.45M	8.23M	-	139M	-
Repurchase of Common Stock	-	-	-	-	-11.75M
Common Dividends Paid	-15.5M	-19.3M	-3.7M	-	-
Common & Preferred Stock Dividends Paid	-15.5M	-19.3M	-3.7M	-	-
Other Financing Activities, Total	1.08M	72K	-975K	-1.34M	-288K
Cash from Financing	-10.44M	22.82M	-37.56M	130M	-15.04M
Foreign Exchange Rate Adjustments	-	-	3.76M	5.06M	-2.52M
Net Change in Cash	1.95M	70.15M	-11.54M	264M	-49.23M
Supplemental Items
Cash Interest Paid	4K	164K	152K	213K	288K
Cash Income Tax Paid (Refund)	3.18M	14.6M	63.45M	37.92M	44.62M
Levered Free Cash Flow	-	35.47M	-7.11M	108M	-38.73M
Unlevered Free Cash Flow	-	35.6M	-7.02M	109M	-38.55M
Change In Net Working Capital	-	18.17M	66.03M	-20.24M	68.78M
Net Debt Issued / Repaid	-461K	33.82M	-32.88M	-7.73M	-3.01M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-	24.84	19.25	18.7	5.71
Return on Total Capital	-	29.47	22.85	21.82	6.5
Return On Equity %	-	36.01	30.98	25.05	12.53
Return on Common Equity	-	36.1	30.9	25.08	12.5
Margin Analysis
Gross Profit Margin %	60.58	61.43	59.18	60.35	48.34
SG&A Margin	17.66	12.03	12.47	11.92	14.6
EBITDA Margin %	41.67	47.94	44.04	44.15	29.24
EBITA Margin %	36.43	43.35	38.36	38.35	20.24
EBIT Margin %	36.29	43.22	38.25	38.26	20.02
Income From Continuing Operations Margin %	32.37	30.83	30.47	27	23.79
Net Income Margin %	31.9	30.7	30.2	26.94	23.7
Net Avail. For Common Margin %	31.9	30.7	30.2	26.94	23.7
Normalized Net Income Margin	23.51	25.81	24.06	23.72	13.25
Levered Free Cash Flow Margin	-	10.76	-1.82	19.75	-9.46
Unlevered Free Cash Flow Margin	-	10.8	-1.79	19.77	-9.42
Asset Turnover
Asset Turnover	-	0.92	0.8	0.78	0.46
Fixed Assets Turnover	-	3	2.64	2.9	1.77
Receivables Turnover (Average Receivables)	-	5.21	4.28	6.16	5.71
Inventory Turnover (Average Inventory)	-	4.4	3	2.39	1.84
Short Term Liquidity
Current Ratio	4.89	2.84	4.74	5.97	7.92
Quick Ratio	4.16	2.48	3.7	4.85	6.31
Operating Cash Flow to Current Liabilities	2.04	0.97	1.15	2.01	0.8
Days Sales Outstanding (Average Receivables)	-	70.3	85.31	59.27	63.88
Days Outstanding Inventory (Average Inventory)	-	83.13	121.74	152.87	198.03
Average Days Payable Outstanding	-	58.89	55.68	52.47	66.22
Cash Conversion Cycle (Average Days)	-	94.54	151.38	159.66	195.69
Long Term Solvency
Total Debt/Equity	1.05	11.47	2.68	1.11	1.66
Total Debt / Total Capital	1.04	10.29	2.61	1.1	1.63
LT Debt/Equity	0.82	1.85	1.24	0.79	1.27
Long-Term Debt / Total Capital	0.81	1.66	1.2	0.78	1.25
Total Liabilities / Total Assets	14.48	25.62	16.95	14.98	11.97
EBIT / Interest Expense	593.34	715.66	985.89	986.13	284.52
EBITDA / Interest Expense	685.02	796.46	1.15K	1.15K	426.25
(EBITDA - Capex) / Interest Expense	390.86	538.93	761.84	804.15	208.07
Total Debt / EBITDA	0.03	0.23	0.07	0.03	0.11
Net Debt / EBITDA	-1.05	-0.76	-0.77	-1.64	-2.84
Total Debt / (EBITDA - Capex)	0.05	0.35	0.1	0.05	0.23
Net Debt / (EBITDA - Capex)	-1.84	-1.13	-1.16	-2.35	-5.81
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	61.26	23.4	40.13	-25.44
Gross Profit, 1 Yr. Growth %	-	63.54	19.76	42.91	-40.28
EBITDA, 1 Yr. Growth %	-	85.51	14.44	40.1	-50.62
EBITA, 1 Yr. Growth %	-	91.92	9.83	39.62	-60.64
EBIT, 1 Yr. Growth %	-	92.02	9.87	39.7	-60.99
Earnings From Cont. Operations, 1 Yr. Growth %	-	53.59	23.54	24.19	-34.3
Net Income, 1 Yr. Growth %	-	55.22	22.48	25	-34.42
Normalized Net Income, 1 Yr. Growth %	-	77.08	16.29	37.71	-58.36
Diluted EPS Before Extra, 1 Yr. Growth %	-	54.96	8.11	20.42	-34.68
Accounts Receivable, 1 Yr. Growth %	-	73.35	28.11	-26.67	-10.06
Inventory, 1 Yr. Growth %	-	51.36	106.8	53.53	7.83
Net Property, Plant and Equip., 1 Yr. Growth %	-	38.06	32.96	23.96	20.28
Total Assets, 1 Yr. Growth %	-	55.29	23.27	61.31	7.1
Tangible Book Value, 1 Yr. Growth %	-	38.45	39.2	67.29	8.06
Common Equity, 1 Yr. Growth %	-	35.03	37.79	65.84	10.85
Cash From Operations, 1 Yr. Growth %	-	41.49	17.33	155.03	-70.2
Capital Expenditures, 1 Yr. Growth %	-	39.37	22.88	27.15	-15.82
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-121.14	-1.69K	-135.73
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-120.86	-1.72K	-135.52
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	38.45	31.5	2.21
Gross Profit, 2 Yr. CAGR %	-	-	36.85	30.82	-7.62
EBITDA, 2 Yr. CAGR %	-	-	42.33	26.8	-16.83
EBITA, 2 Yr. CAGR %	-	-	42.09	24.04	-25.87
EBIT, 2 Yr. CAGR %	-	-	42.14	24.1	-26.18
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	34.33	23.86	-9.67
Net Income, 2 Yr. CAGR %	-	-	34.73	23.73	-9.46