Cash flow VAT Group AG

Equities

VACN

CH0311864901

Industrial Machinery & Equipment

Market Closed - Swiss Exchange Other stock markets 16:31:24 17/02/2026 GMT			5-day change	1st Jan Change
521.00 ^CHF	+1.24%		+4.62%	+35.01%

02-02	Swiss stocks - Factors to watch on February 2	RE
01-22	VAT Group raises NAV on semiconductors outlook

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Published financial data: VAT GROUP AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	692M	901M	1.15B	885M	942M
Total Revenues	692M	901M	1.15B	885M	942M
Cost of Goods Sold, Total	278M	351M	437M	358M	340M
Gross Profit	415M	550M	708M	527M	602M
Selling General & Admin Expenses, Total	177M	202M	232M	215M	247M
Depreciation & Amortization - (IS)	40.61M	40.06M	40.22M	41.41M	43.45M
Other Operating Expenses	37.8M	51.06M	75.5M	66.18M	67.35M
Other Operating Expenses, Total	255M	294M	348M	323M	358M
Operating Income	159M	256M	361M	205M	244M
Interest Expense, Total	-4.08M	-3.52M	-3.58M	-5.31M	-5.77M
Interest And Investment Income	123K	146K	441K	1.31M	1.28M
Net Interest Expenses	-3.96M	-3.37M	-3.14M	-4M	-4.49M
Currency Exchange Gains (Loss)	-7.57M	-1.1M	-9.73M	-5.66M	2.32M
Other Non Operating Income (Expenses)	13.28M	8.71M	9.45M	12.69M	10.59M
EBT, Excl. Unusual Items	161M	261M	357M	208M	253M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-12K	113K	17K	120K	38K
Asset Writedown	-291K	-3M	-750K	-918K	-36K
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	161M	258M	356M	207M	253M
Income Tax Expense	27.22M	40.3M	49.67M	16.78M	40.79M
Earnings From Continuing Operations	133M	217M	307M	190M	212M
Net Income to Company	133M	217M	307M	190M	212M
Net Income - (IS)	133M	217M	307M	190M	212M
Net Income to Common Incl Extra Items	133M	217M	307M	190M	212M
Net Income to Common Excl. Extra Items	133M	217M	307M	190M	212M
Per Share Items
Net EPS - Basic	4.45	7.25	10.23	6.35	7.06
Basic EPS - Continuing Operations	4.45	7.25	10.23	6.35	7.06
Basic Weighted Average Shares Outstanding	29.99M	29.99M	29.99M	29.98M	29.98M
Net EPS - Diluted	4.45	7.24	10.22	6.34	7.06
Diluted EPS - Continuing Operations	4.45	7.24	10.22	6.34	7.06
Diluted Weighted Average Shares Outstanding	30.01M	30.02M	30.01M	30M	30M
Normalized Basic EPS	3.36	5.43	7.44	4.33	5.27
Normalized Diluted EPS	3.35	5.43	7.44	4.33	5.26
Dividend Per Share	4.5	5.5	6.25	6.25	6.25
Payout Ratio	89.88	62.08	53.77	98.49	88.49
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	195M	292M	396M	242M	283M
EBITA	175M	273M	378M	224M	263M
EBIT	159M	256M	361M	205M	244M
EBITDAR	196M	293M	396M	242M	284M
Effective Tax Rate - (Ratio)	16.94	15.63	13.93	8.1	16.15
Total Current Taxes	27.21M	38.46M	52.95M	19.15M	45.11M
Total Deferred Taxes	13K	1.83M	-3.28M	-2.38M	-4.32M
Normalized Net Income	101M	163M	223M	130M	158M
Interest on Long-Term Debt	6.06M	6.07M	4.86M	6.57M	7.07M
Non-Cash Pension Expense	198K	115K	96K	628K	409K
Supplemental Operating Expense Items
Marketing Expenses	653K	971K	1.3M	1.18M	1.57M
Selling and Marketing Expenses	653K	971K	1.3M	1.18M	1.57M
Research And Development Expense From Footnotes	41.5M	45.1M	50.7M	54.2M	61.1M
Net Rental Expense, Total	534K	328K	304K	368K	681K
Imputed Operating Lease Interest Expense	67.03K	39K	41.6K	74.68K	140K
Imputed Operating Lease Depreciation	467K	289K	262K	293K	541K
Maintenance & Repair Expenses, Total	15.58M	20.5M	25.52M	19.27M	23.8M
Stock-Based Comp., SG&A Exp. (Total)	569K	1.96M	2.18M	2.3M	2.33M
Total Stock-Based Compensation	569K	1.96M	2.18M	2.3M	2.33M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	138M	127M	174M	144M	158M
Short Term Investments	31K	33K	36K	37K	33K
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	138M	127M	174M	144M	158M
Accounts Receivable, Total	89.97M	116M	152M	98.6M	132M
Other Receivables	4.94M	8.99M	14.14M	12.06M	11.53M
Total Receivables	94.91M	125M	166M	111M	143M
Inventory	105M	153M	229M	188M	248M
Prepaid Expenses	1.37M	4.05M	9.22M	4.38M	5.6M
Other Current Assets, Total	7.24M	4.58M	11.16M	18.05M	3M
Total Current Assets	346M	414M	590M	466M	557M
Gross Property Plant And Equipment	263M	293M	355M	397M	461M
Accumulated Depreciation	-116M	-135M	-150M	-162M	-188M
Net Property Plant And Equipment	146M	159M	204M	235M	273M
Long-term Investments	846K	861K	876K	891K	3.94M
Goodwill	184M	184M	184M	184M	184M
Other Intangibles, Total	315M	299M	267M	252M	234M
Accounts Receivable Long-Term	-	-	-	-	-
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	5.93M	5.35M	6.36M	4.98M	9.22M
Deferred Charges Long-Term	-	-	20.08M	23.18M	30.87M
Other Long-Term Assets, Total	3.6M	3.69M	2.83M	2.65M	2.65M
Total Assets	1B	1.06B	1.27B	1.17B	1.29B
Liabilities
Accounts Payable, Total	32.42M	50.31M	83.99M	50.51M	72.44M
Accrued Expenses, Total	42.32M	54.63M	54.77M	47.49M	75.97M
Current Portion of Long-Term Debt	58.42M	-	200M	199M	2.44M
Current Portion of Leases	3.1M	2.1M	3.15M	2.2M	-
Current Income Taxes Payable	22.79M	30.14M	47.7M	20.61M	31.13M
Unearned Revenue Current, Total	636K	125K	14K	-	194K
Other Current Liabilities	8.34M	22.12M	42.5M	23.41M	44.46M
Total Current Liabilities	168M	159M	432M	343M	227M
Long-Term Debt	200M	200M	80K	132K	227M
Long-Term Leases	4.89M	5.12M	8.1M	6.12M	12.45M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	25.55M	13.8M	2.74M	16.94M	31.81M
Deferred Tax Liability Non Current	47.59M	49.82M	49.36M	43.49M	40.9M
Other Non Current Liabilities	265K	2.62M	2.21M	1.55M	2.18M
Total Liabilities	446M	430M	494M	411M	541M
Common Stock, Total	3M	3M	3M	3M	3M
Additional Paid In Capital	73.97M	6.48M	344K	344K	344K
Retained Earnings	472M	625M	781M	768M	777M
Treasury Stock	-414K	-4.5M	-5.32M	-6.8M	-9.86M
Comprehensive Income and Other	6.6M	4.61M	1.22M	-7.57M	-16.38M
Total Common Equity	555M	634M	780M	757M	754M
Total Equity	555M	634M	780M	757M	754M
Total Liabilities And Equity	1B	1.06B	1.27B	1.17B	1.29B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	29.99M	29.99M	29.98M	29.98M	29.98M
ECS Total Common Shares Outstanding	29.99M	29.99M	29.98M	29.98M	29.98M
Book Value / Share	18.52	21.16	26.03	25.26	25.15
Tangible Book Value	56.75M	152M	330M	321M	336M
Tangible Book Value Per Share	1.89	5.06	11	10.7	11.22
Total Debt	266M	207M	211M	207M	242M
Net Debt	128M	79.76M	36.78M	63.16M	83.63M
Debt Equivalent of Unfunded Proj. Benefit Obligation	25.46M	13.67M	2.66M	16.88M	31.81M
Debt Equivalent Oper. Leases	4.27M	2.62M	2.43M	2.94M	5.45M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	29.85M	56.34M	106M	92.8M	126M
Inventories - Work In Process, Total	47.31M	58.74M	76.26M	57.71M	70.63M
Inventories - Finished Goods, Total	27.59M	37.68M	47.44M	37.95M	51.17M
Land - (BS)	7.88M	7.88M	14.86M	13.75M	14.57M
Buildings, Total	95.73M	95.86M	96.76M	96.43M	145M
Machinery, Total	139M	144M	151M	166M	202M
Full Time Employees	2.04K	2.54K	2.99K	2.67K	3.2K
Accumulated Allowance for Doubtful Accounts (Supple)	735K	260K	248K	226K	323K
Order Backlog	145M	461M	518M	292M	370M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	133M	217M	307M	190M	212M
Depreciation & Amortization - CF	22.8M	22.02M	20.99M	21.47M	23.38M
Amortization of Goodwill and Intangible Assets - (CF)	16.15M	16.8M	17.77M	18.66M	18.99M
Depreciation & Amortization, Total	38.95M	38.82M	38.76M	40.13M	42.37M
Amortization of Deferred Charges, Total - (CF)	1.66M	1.24M	1.46M	1.34M	1.08M
(Gain) Loss From Sale Of Asset	12K	-114K	-17K	-120K	-32K
Asset Writedown & Restructuring Costs	291K	3M	750K	850K	36K
Other Operating Activities, Total	23.77M	19.54M	23.7M	854K	15.52M
Change In Accounts Receivable	-596K	-31.14M	-43.83M	42.83M	-29.57M
Change In Inventories	-23.54M	-47.78M	-81.04M	25.86M	-49.87M
Change In Accounts Payable	-16.34M	33.41M	54.59M	-49.56M	28.44M
Change in Other Net Operating Assets	15.14M	5.38M	-7.19M	3.91M	20.86M
Cash from Operations	173M	240M	294M	256M	241M
Capital Expenditure	-7.81M	-32.42M	-58.97M	-60.27M	-46.65M
Sale of Property, Plant, and Equipment	68K	327K	17K	294K	44K
Cash Acquisitions	-	-1.59M	-	-	-
Sale (Purchase) of Intangible assets	-18.13M	-10.54M	-7.26M	-8.97M	-9.02M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-3.04M
Other Investing Activities, Total	108K	131K	425K	1.29M	1.27M
Cash from Investing	-25.77M	-44.1M	-65.8M	-67.65M	-57.39M
Long-Term Debt Issued, Total	120M	110M	80M	310M	140M
Total Debt Issued	120M	110M	80M	310M	140M
Long-Term Debt Repaid, Total	-112M	-172M	-83.16M	-313M	-113M
Total Debt Repaid	-112M	-172M	-83.16M	-313M	-113M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-55K	-4.34M	-4.46M	-5.74M	-7.02M
Common Dividends Paid	-120M	-135M	-165M	-187M	-187M
Common & Preferred Stock Dividends Paid	-120M	-135M	-165M	-187M	-187M
Other Financing Activities, Total	-5.18M	-4.95M	-4.66M	-9.27M	-5.31M
Cash from Financing	-117M	-207M	-177M	-206M	-172M
Foreign Exchange Rate Adjustments	-2.07M	292K	-3.72M	-13.43M	3.27M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-2K
Net Change in Cash	28.05M	-10.72M	47.21M	-30.26M	14.01M
Supplemental Items
Cash Interest Paid	4M	3.73M	3.58M	6.95M	4.47M
Cash Income Tax Paid (Refund)	21.89M	30.55M	37.52M	45.02M	32.28M
Levered Free Cash Flow	93.81M	130M	142M	106M	144M
Unlevered Free Cash Flow	96.36M	132M	144M	109M	147M
Change In Net Working Capital	18.39M	27.22M	57.28M	-6.92M	-4.48M
Net Debt Issued / Repaid	8.27M	-62.43M	-3.16M	-3.14M	27.24M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	10.08	15.6	19.27	10.48	12.39
Return on Total Capital	12.45	19.4	24.59	13.09	15.57
Return On Equity %	24.74	36.89	43.37	24.76	28.03
Return on Common Equity	24.74	36.89	43.37	24.76	28.03
Margin Analysis
Gross Profit Margin %	59.87	61.03	61.82	59.57	63.92
SG&A Margin	25.55	22.47	20.24	24.28	26.25
EBITDA Margin %	28.23	32.44	34.59	27.31	30.07
EBITA Margin %	25.33	30.31	33.03	25.25	27.93
EBIT Margin %	23	28.45	31.48	23.14	25.92
Income From Continuing Operations Margin %	19.27	24.13	26.78	21.5	22.48
Net Income Margin %	19.27	24.13	26.78	21.5	22.48
Net Avail. For Common Margin %	19.27	24.13	26.78	21.5	22.48
Normalized Net Income Margin	14.53	18.08	19.49	14.68	16.76
Levered Free Cash Flow Margin	13.55	14.41	12.4	11.99	15.24
Unlevered Free Cash Flow Margin	13.92	14.66	12.59	12.37	15.62
Asset Turnover
Asset Turnover	0.7	0.88	0.98	0.72	0.77
Fixed Assets Turnover	4.49	5.91	6.31	4.03	3.71
Receivables Turnover (Average Receivables)	7.82	8.75	8.56	7.07	8.19
Inventory Turnover (Average Inventory)	2.94	2.73	2.29	1.71	1.56
Short Term Liquidity
Current Ratio	2.06	2.59	1.37	1.36	2.46
Quick Ratio	1.39	1.58	0.79	0.74	1.33
Operating Cash Flow to Current Liabilities	1.03	1.5	0.68	0.75	1.06
Days Sales Outstanding (Average Receivables)	46.78	41.74	42.66	51.59	44.7
Days Outstanding Inventory (Average Inventory)	124.46	133.82	159.42	212.99	234.75
Average Days Payable Outstanding	50.5	37.82	47.7	77.4	56.38
Cash Conversion Cycle (Average Days)	120.74	137.73	154.38	187.18	223.07
Long Term Solvency
Total Debt/Equity	47.96	32.62	27.06	27.38	32.07
Total Debt / Total Capital	32.41	24.6	21.3	21.49	24.28
LT Debt/Equity	36.88	32.29	1.05	0.83	31.75
Long-Term Debt / Total Capital	24.93	24.35	0.83	0.65	24.04
Total Liabilities / Total Assets	44.55	40.43	38.79	35.2	41.77
EBIT / Interest Expense	39	72.9	100.84	38.59	42.29
EBITDA / Interest Expense	48.54	83.94	111.68	46.16	49.63
(EBITDA - Capex) / Interest Expense	46.63	74.72	95.19	34.8	41.55
Total Debt / EBITDA	1.34	0.7	0.53	0.85	0.84
Net Debt / EBITDA	0.65	0.27	0.09	0.26	0.29
Total Debt / (EBITDA - Capex)	1.4	0.79	0.62	1.12	1.01
Net Debt / (EBITDA - Capex)	0.67	0.3	0.11	0.34	0.35
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	21.4	30.14	27.11	-22.71	6.43
Gross Profit, 1 Yr. Growth %	24.73	32.66	28.77	-25.53	14.2
EBITDA, 1 Yr. Growth %	33	51.98	35.54	-38.98	17.25
EBITA, 1 Yr. Growth %	43.7	58.63	38.5	-40.93	17.74
EBIT, 1 Yr. Growth %	50.07	64.28	40.65	-43.19	19.19
Earnings From Cont. Operations, 1 Yr. Growth %	78.36	69.95	41.09	-37.97	11.29
Net Income, 1 Yr. Growth %	78.36	69.95	41.09	-37.97	11.29
Normalized Net Income, 1 Yr. Growth %	62.09	68.66	37.05	-41.8	21.5
Diluted EPS Before Extra, 1 Yr. Growth %	78.71	69.95	41.16	-37.96	11.36
Accounts Receivable, 1 Yr. Growth %	3.36	29.06	30.61	-34.99	33.38
Inventory, 1 Yr. Growth %	24.36	45.84	50.07	-17.79	31.38
Net Property, Plant and Equip., 1 Yr. Growth %	-9.66	8.24	28.88	14.93	16.33
Total Assets, 1 Yr. Growth %	2.98	7.66	19.71	-8.34	10.81
Tangible Book Value, 1 Yr. Growth %	128.18	157.89	91.5	-2.7	4.82
Common Equity, 1 Yr. Growth %	6.1	16.49	23.01	-2.97	-0.43
Cash From Operations, 1 Yr. Growth %	9.55	44.32	22.59	-12.78	-6.15
Capital Expenditures, 1 Yr. Growth %	17.55	315.12	81.88	2.19	-22.6
Levered Free Cash Flow, 1 Yr. Growth %	-19.79	32.42	9.35	-25.23	35.31
Unlevered Free Cash Flow, 1 Yr. Growth %	-19.63	31.24	9.22	-24.09	34.51
Dividend Per Share, 1 Yr. Growth %	12.5	22.22	13.64	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.41	25.7	28.62	-0.88	-9.31
Gross Profit, 2 Yr. CAGR %	1.32	28.63	30.7	-2.07	-7.78
EBITDA, 2 Yr. CAGR %	-2.33	41.01	43.53	-9.06	-15.43
EBITA, 2 Yr. CAGR %	-3.22	49.61	48.22	-9.55	-16.6
EBIT, 2 Yr. CAGR %	-3.66	55.44	52	-10.61	-17.71
Earnings From Cont. Operations, 2 Yr. CAGR %	-0.82	70.47	54.85	-6.45	-16.91
Net Income, 2 Yr. CAGR %	-0.82	70.47	54.85	-6.45	-16.91
Normalized Net Income, 2 Yr. CAGR %	-1.78	61.99	52.03	-10.69	-15.91
Diluted EPS Before Extra, 2 Yr. CAGR %	-0.78	70.52	54.89	-6.42	-16.89
Accounts Receivable, 2 Yr. CAGR %	3.64	15.5	29.84	-7.85	-6.88
Inventory, 2 Yr. CAGR %	0.28	34.67	47.94	11.07	3.92
Net Property, Plant and Equip., 2 Yr. CAGR %	-7.32	-1.11	18.11	21.7	15.63
Total Assets, 2 Yr. CAGR %	1.71	4.63	13.53	4.75	0.78
Tangible Book Value, 2 Yr. CAGR %	-1.55	146.9	136.85	36.5	0.99
Common Equity, 2 Yr. CAGR %	-0.78	10.09	19.7	9.25	-1.71
Cash From Operations, 2 Yr. CAGR %	0.32	23.3	33.01	3.41	-9.52
Capital Expenditures, 2 Yr. CAGR %	-56.85	120.9	174.77	36.33	-11.06
Levered Free Cash Flow, 2 Yr. CAGR %	9.29	5.38	20.33	-9.58	0.55
Unlevered Free Cash Flow, 2 Yr. CAGR %	8.58	4.95	19.73	-8.95	1.02
Dividend Per Share, 2 Yr. CAGR %	6.07	17.26	17.85	6.6	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0	8.88	26.17	8.54	1.5
Gross Profit, 3 Yr. CAGR %	0.06	10.85	28.68	8.36	3.07
EBITDA, 3 Yr. CAGR %	-2.16	12.57	39.17	7.92	-1.03
EBITA, 3 Yr. CAGR %	-3.28	13.42	45.81	9.08	-1.24
EBIT, 3 Yr. CAGR %	-3.7	14.33	50.35	9.49	-1.61
Earnings From Cont. Operations, 3 Yr. CAGR %	4.88	17.02	60.05	14.15	-0.87
Net Income, 3 Yr. CAGR %	4.88	17.02	60.05	14.15	-0.87
Normalized Net Income, 3 Yr. CAGR %	4.9	16.02	53.21	10.39	-1.04
Diluted EPS Before Extra, 3 Yr. CAGR %	4.86	17	60.11	14.17	-0.84
Accounts Receivable, 3 Yr. CAGR %	-6.1	11.5	20.33	3.1	4.24
Inventory, 3 Yr. CAGR %	-1.84	13.62	39.62	21.62	17.46
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.29	-2.4	8.02	17.04	19.89
Total Assets, 3 Yr. CAGR %	0.35	3.22	9.44	5.71	6.73
Tangible Book Value, 3 Yr. CAGR %	11.63	37.32	136.7	76.07	25
Common Equity, 3 Yr. CAGR %	-0.16	3.99	14.24	11.61	5.92
Cash From Operations, 3 Yr. CAGR %	3.56	11.77	23.06	15.56	0.12
Capital Expenditures, 3 Yr. CAGR %	-43.7	-8.23	107.04	97.6	12.89
Levered Free Cash Flow, 3 Yr. CAGR %	14.24	18.25	6.68	2.68	3.4
Unlevered Free Cash Flow, 3 Yr. CAGR %	13.38	17.35	6.36	2.86	3.68
Dividend Per Share, 3 Yr. CAGR %	4	11.2	16.04	11.57	4.35
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11	12.15	10.59	4.87	10.56
Gross Profit, 5 Yr. CAGR %	10.38	12.36	11.35	5.49	12.62
EBITDA, 5 Yr. CAGR %	9.78	14.28	13.67	3.36	14.03
EBITA, 5 Yr. CAGR %	10.05	14.94	14.31	3.6	16.61
EBIT, 5 Yr. CAGR %	11.28	16.25	15.13	3.61	18.14
Earnings From Cont. Operations, 5 Yr. CAGR %	80.01	26.46	21.54	7	23.13
Net Income, 5 Yr. CAGR %	80.01	26.46	21.54	7	23.13
Normalized Net Income, 5 Yr. CAGR %	43.56	23.02	20.7	4.49	20.52
Diluted EPS Before Extra, 5 Yr. CAGR %	67.46	24.5	21.5	7	23.17
Accounts Receivable, 5 Yr. CAGR %	3.75	3.7	6.89	3.32	8.6
Inventory, 5 Yr. CAGR %	12.56	21.97	15.66	12.59	24.07
Net Property, Plant and Equip., 5 Yr. CAGR %	4.96	6.42	6.7	6.61	11
Total Assets, 5 Yr. CAGR %	2.31	3.81	5.16	3.83	5.89
Tangible Book Value, 5 Yr. CAGR %	-35.17	50.17	51.89	40.53	68.36
Common Equity, 5 Yr. CAGR %	62.38	4.43	6.94	6.06	7.57
Cash From Operations, 5 Yr. CAGR %	8.03	10.38	13.57	8.35	8.81
Capital Expenditures, 5 Yr. CAGR %	-4.67	15.39	6.14	7.51	47.66
Levered Free Cash Flow, 5 Yr. CAGR %	-	7.65	17.68	6.21	4.19
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	4.08	16.88	6.02	4.19
Dividend Per Share, 5 Yr. CAGR %	-	6.58	9.34	9.34	9.34