Balance Sheet Videndum Plc

Equities

VTC

GB0009296665

Household Electronics

Real-time Estimate Cboe Europe Other stock markets 14:38:02 15/01/2025 GMT			5-day change	1st Jan Change
137.60 ^GBX	+2.38%		-3.49%	-6.13%

12-31	GSTech shines; tough 2024 for Videndum	AN
12-20	Headlam hires Videndum's ex-CEO as chair	AN

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Published financial data: VIDENDUM PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	376M	290M	394M	451M	307M
Total Revenues	376M	290M	394M	451M	307M
Cost of Goods Sold, Total	212M	177M	221M	253M	193M
Gross Profit	164M	113M	173M	198M	114M
Selling General & Admin Expenses, Total	112M	96.2M	114M	147M	91.9M
R&D Expenses	15.3M	15M	19.9M	-	14.9M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	-	-	-	-	-700K
Other Operating Expenses, Total	128M	111M	134M	147M	106M
Operating Income	35.9M	2.2M	38.9M	50.9M	7.9M
Interest Expense, Total	-4.6M	-4.8M	-4.3M	-9.1M	-16.4M
Interest And Investment Income	-	-	-	-	200K
Net Interest Expenses	-4.6M	-4.8M	-4.3M	-9.1M	-16.2M
Currency Exchange Gains (Loss)	500K	600K	500K	2.4M	2M
Other Non Operating Income (Expenses)	-100K	-100K	-	-	-
EBT, Excl. Unusual Items	31.7M	-2.1M	35.1M	44.2M	-6.3M
Restructuring Charges	-6.2M	-2.8M	-500K	-8.3M	-
Merger & Related Restructuring Charges	-2.8M	-900K	-2.2M	-3.4M	-8.9M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-1.9M	-
Insurance Settlements	6.5M	-	-	-	-
Other Unusual Items	-1.6M	-1.9M	-2.8M	-5.9M	-3.6M
EBT, Incl. Unusual Items	27.6M	-7.7M	29.6M	24.7M	-18.8M
Income Tax Expense	7.4M	-2.4M	3.7M	-8.2M	-6.7M
Earnings From Continuing Operations	20.2M	-5.3M	25.9M	32.9M	-12.1M
Earnings Of Discontinued Operations	-	-	-	-	-66M
Net Income to Company	20.2M	-5.3M	25.9M	32.9M	-78.1M
Net Income - (IS)	20.2M	-5.3M	25.9M	32.9M	-78.1M
Net Income to Common Incl Extra Items	20.2M	-5.3M	25.9M	32.9M	-78.1M
Net Income to Common Excl. Extra Items	20.2M	-5.3M	25.9M	32.9M	-12.1M
Per Share Items
Net EPS - Basic	0.45	-0.12	0.56	0.71	-1.58
Basic EPS - Continuing Operations	0.45	-0.12	0.56	0.71	-0.24
Basic Weighted Average Shares Outstanding	45.03M	45.53M	45.9M	46.06M	49.58M
Net EPS - Diluted	0.44	-0.12	0.54	0.69	-1.58
Diluted EPS - Continuing Operations	0.44	-0.12	0.54	0.69	-0.24
Diluted Weighted Average Shares Outstanding	45.44M	45.53M	47.52M	47.91M	49.58M
Normalized Basic EPS	0.44	-0.03	0.48	0.6	-0.08
Normalized Diluted EPS	0.44	-0.03	0.46	0.58	-0.08
Dividend Per Share	0.12	0.04	0.35	0.4	-
Payout Ratio	84.65	-	27.41	54.71	-14.85
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	53M	17.3M	53.6M	84.5M	36.3M
EBITA	45.3M	9.8M	46.1M	69.2M	21.9M
EBIT	35.9M	2.2M	38.9M	50.9M	7.9M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	26.81	31.17	12.5	-33.2	35.64
Current Domestic Taxes	-	1M	4M	3.2M	-
Current Foreign Taxes	4.5M	1.1M	7.4M	5.3M	-
Total Current Taxes	4.5M	2.1M	11.4M	8.5M	1M
Deferred Domestic Taxes	1.4M	1M	300K	100K	-
Deferred Foreign Taxes	1.5M	-5.5M	-8M	-16.8M	-
Total Deferred Taxes	2.9M	-4.5M	-7.7M	-16.7M	-7.7M
Normalized Net Income	19.81M	-1.31M	21.94M	27.62M	-3.94M
Interest on Long-Term Debt	900K	800K	1M	1.5M	1.5M
Non-Cash Pension Expense	1.2M	100K	200K	200K	300K
Supplemental Operating Expense Items
Selling and Marketing Expenses	53.3M	41.2M	49.5M	-	41.3M
General and Administrative Expenses	58.9M	54.9M	64.8M	-	50.7M
Research And Development Expense From Footnotes	18.7M	15M	19.9M	22.5M	19.3M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	2.3M	3.7M	7.9M	8.9M	1.5M
Total Stock-Based Compensation	2.3M	3.7M	7.9M	8.9M	1.5M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	18.9M	17.3M	11M	15.8M	8.7M
Total Cash And Short Term Investments	18.9M	17.3M	11M	15.8M	8.7M
Accounts Receivable, Total	49.2M	41.6M	46.8M	56.5M	37.2M
Other Receivables	13.4M	13.2M	12.2M	12M	12.3M
Total Receivables	62.6M	54.8M	59M	68.5M	49.5M
Inventory	76M	64.8M	88.5M	107M	94.5M
Prepaid Expenses	5M	5.5M	5.5M	4.1M	4.8M
Other Current Assets, Total	1M	400K	200K	2.7M	14.6M
Total Current Assets	164M	143M	164M	198M	172M
Gross Property Plant And Equipment	142M	148M	173M	197M	188M
Accumulated Depreciation	-95.3M	-106M	-113M	-130M	-131M
Net Property Plant And Equipment	46.7M	42.2M	60.7M	66.6M	56.4M
Goodwill	76.4M	75.8M	99.7M	126M	94.8M
Other Intangibles, Total	35.3M	26.7M	48.2M	60.7M	35.3M
Deferred Tax Assets Long-Term	21M	24.6M	33.1M	51.2M	55.4M
Deferred Charges Long-Term	16M	21M	26.2M	31.5M	22.5M
Other Long-Term Assets, Total	1.7M	1.5M	8.9M	18.1M	14.8M
Total Assets	361M	335M	441M	552M	451M
Liabilities
Accounts Payable, Total	31.1M	19.9M	38.1M	81.3M	42.5M
Accrued Expenses, Total	10.4M	10.4M	18M	-	-
Short-term Borrowings	-	500K	3.1M	-	4M
Current Portion of Long-Term Debt	200K	50.6M	13.2M	36M	200K
Current Portion of Leases	5.8M	4.7M	5.7M	6M	5.6M
Current Income Taxes Payable	10.6M	9.7M	16M	16.7M	7.8M
Unearned Revenue Current, Total	600K	2.2M	2.6M	-	2.4M
Other Current Liabilities	19.1M	16M	19.7M	6.4M	7.8M
Total Current Liabilities	77.8M	114M	116M	146M	70.3M
Long-Term Debt	96.5M	40.8M	110M	138M	99M
Long-Term Leases	12.4M	11.5M	24.6M	28.8M	28.4M
Pension & Other Post Retirement Benefits	8.3M	15.9M	8.4M	3.1M	2.9M
Deferred Tax Liability Non Current	7.6M	6M	4.8M	7.5M	11.2M
Other Non Current Liabilities	1.3M	1M	3.3M	4.2M	2M
Total Liabilities	204M	189M	267M	328M	214M
Common Stock, Total	9.1M	9.2M	9.3M	9.4M	18.9M
Additional Paid In Capital	20.7M	21.7M	23.1M	24.3M	134M
Retained Earnings	137M	127M	158M	185M	93.4M
Comprehensive Income and Other	-10M	-12.2M	-16.1M	4.7M	-8.5M
Total Common Equity	157M	145M	174M	224M	238M
Total Equity	157M	145M	174M	224M	238M
Total Liabilities And Equity	361M	335M	441M	552M	451M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	45.31M	45.71M	45.93M	46.29M	94.19M
ECS Total Common Shares Outstanding	45.31M	45.71M	45.93M	46.29M	94.19M
Book Value / Share	3.46	3.18	3.79	4.83	2.52
Tangible Book Value	45M	42.9M	26M	37.3M	107M
Tangible Book Value Per Share	0.99	0.94	0.57	0.81	1.14
Total Debt	115M	108M	156M	209M	137M
Net Debt	96M	90.8M	145M	194M	128M
Debt Equivalent of Unfunded Proj. Benefit Obligation	4.1M	11.6M	4.6M	-800K	-4.2M
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	18.7M	16.9M	26M	35.7M	35.7M
Inventories - Work In Process, Total	7.2M	5.1M	7.4M	8.9M	7.4M
Inventories - Finished Goods, Total	50.1M	42.8M	55.1M	62.7M	52.4M
Inventories - Others	-	-	-	-	-1M
Land - (BS)	25.5M	26.2M	26.1M	28.6M	23.9M
Machinery, Total	81.6M	88.5M	96.2M	109M	103M
Full Time Employees	1.7K	1.6K	2K	1.9K	1.6K
Accumulated Allowance for Doubtful Accounts (Supple)	1.8M	2.9M	3M	2.3M	1.7M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	20.2M	-5.3M	25.9M	32.9M	-78.1M
Depreciation & Amortization - CF	14.1M	13.1M	12.9M	15.3M	14.4M
Amortization of Goodwill and Intangible Assets - (CF)	9.4M	7.6M	7.2M	18.3M	14M
Depreciation & Amortization, Total	23.5M	20.7M	20.1M	33.6M	28.4M
Amortization of Deferred Charges, Total - (CF)	4.5M	5.9M	5.8M	-	-
(Gain) Loss From Sale Of Asset	600K	-100K	-	-	1.3M
Asset Writedown & Restructuring Costs	600K	600K	200K	1.9M	53.8M
Stock-Based Compensation (CF)	2.3M	3.7M	7.9M	8.9M	1.5M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	3.2M	-4.9M	-2.6M	-12.8M	-12.5M
Change In Accounts Receivable	6.3M	8.3M	-5.8M	-5M	16.3M
Change In Inventories	1M	11.5M	-21.9M	-8M	7.6M
Change In Accounts Payable	-12.6M	-12.6M	27.8M	-5.6M	-20.5M
Change in Other Net Operating Assets	-1M	-2.8M	-2.7M	2.8M	-13.9M
Cash from Operations	48.6M	25M	54.7M	48.7M	-16.1M
Capital Expenditure	-6.2M	-5.1M	-10.8M	-7.1M	-4.8M
Sale of Property, Plant, and Equipment	500K	200K	100K	-	200K
Cash Acquisitions	-3.1M	-	-56.1M	-33.2M	-1.6M
Divestitures	900K	-	-	-	-900K
Sale (Purchase) of Intangible assets	-12.4M	-10.6M	-10.9M	-13.1M	-13.7M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-20.3M	-15.5M	-77.7M	-53.4M	-20.8M
Long-Term Debt Issued, Total	61.4M	71.7M	161M	130M	240M
Total Debt Issued	61.4M	71.7M	161M	130M	240M
Long-Term Debt Repaid, Total	-64.2M	-82.7M	-134M	-100M	-321M
Total Debt Repaid	-64.2M	-82.7M	-134M	-100M	-321M
Issuance of Common Stock	2.1M	1.1M	1.5M	4.4M	119M
Repurchase of Common Stock	-6.4M	-2.3M	-5.8M	-5.8M	-3.7M
Common Dividends Paid	-17.1M	-	-7.1M	-18M	-11.6M
Common & Preferred Stock Dividends Paid	-17.1M	-	-7.1M	-18M	-11.6M
Cash from Financing	-24.2M	-12.2M	15.5M	10.7M	23.4M
Foreign Exchange Rate Adjustments	-300K	600K	-1.4M	1.9M	2.4M
Net Change in Cash	3.8M	-2.1M	-8.9M	7.9M	-11.1M
Supplemental Items
Cash Interest Paid	4.3M	5.9M	4.5M	9.4M	15.4M
Cash Income Tax Paid (Refund)	6.3M	3.1M	6.5M	7.2M	10.5M
Levered Free Cash Flow	29.16M	18.48M	42.22M	28.92M	-18.61M
Unlevered Free Cash Flow	32.04M	21.48M	44.91M	34.61M	-8.36M
Change In Net Working Capital	2.1M	-5.5M	-8.5M	19.5M	24.7M
Net Debt Issued / Repaid	-2.8M	-11M	26.9M	30.1M	-80.6M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.19	0.4	6.27	6.41	0.98
Return on Total Capital	8.43	0.52	8.33	8.34	1.22
Return On Equity %	12.66	-3.51	16.22	16.55	-5.25
Return on Common Equity	12.66	-3.51	16.22	16.55	-5.25
Margin Analysis
Gross Profit Margin %	43.5	39.04	43.93	43.91	37.15
SG&A Margin	29.89	33.12	29.01	32.62	29.94
EBITDA Margin %	14.09	5.96	13.59	18.73	11.83
EBITA Margin %	12.04	3.37	11.69	15.34	7.14
EBIT Margin %	9.55	0.76	9.87	11.28	2.57
Income From Continuing Operations Margin %	5.37	-1.82	6.57	7.29	-3.94
Net Income Margin %	5.37	-1.82	6.57	7.29	-25.45
Net Avail. For Common Margin %	5.37	-1.82	6.57	7.29	-3.94
Normalized Net Income Margin	5.27	-0.45	5.56	6.12	-1.28
Levered Free Cash Flow Margin	7.75	6.36	10.71	6.41	-6.06
Unlevered Free Cash Flow Margin	8.52	7.39	11.39	7.67	-2.72
Asset Turnover
Asset Turnover	1.04	0.84	1.02	0.91	0.61
Fixed Assets Turnover	9.36	6.54	7.66	7.09	4.99
Receivables Turnover (Average Receivables)	6.96	6.4	8.92	8.74	6.55
Inventory Turnover (Average Inventory)	2.72	2.52	2.88	2.59	1.91
Short Term Liquidity
Current Ratio	2.1	1.25	1.41	1.36	2.45
Quick Ratio	1.05	0.63	0.6	0.58	0.83
Operating Cash Flow to Current Liabilities	0.62	0.22	0.47	0.33	-0.23
Days Sales Outstanding (Average Receivables)	52.45	57.2	40.92	41.78	55.72
Days Outstanding Inventory (Average Inventory)	134.06	145.49	126.54	141.18	190.92
Average Days Payable Outstanding	57.27	56.26	43.24	106.05	122.92
Cash Conversion Cycle (Average Days)	129.25	146.43	124.21	76.92	123.72
Long Term Solvency
Total Debt/Equity	73.32	74.35	89.82	93.56	57.77
Total Debt / Total Capital	42.3	42.64	47.32	48.34	36.62
LT Debt/Equity	69.5	35.97	77.17	74.79	53.64
Long-Term Debt / Total Capital	40.1	20.63	40.65	38.64	34
Total Liabilities / Total Assets	56.54	56.55	60.57	59.49	47.37
EBIT / Interest Expense	7.8	0.46	9.05	5.59	0.48
EBITDA / Interest Expense	12.91	4.77	13.72	9.29	2.21
(EBITDA - Capex) / Interest Expense	11.57	3.71	11.21	8.51	1.92
Total Debt / EBITDA	1.93	4.72	2.65	2.48	3.78
Net Debt / EBITDA	1.62	3.97	2.46	2.29	3.54
Total Debt / (EBITDA - Capex)	2.16	6.07	3.24	2.7	4.36
Net Debt / (EBITDA - Capex)