Cash flow Vitesco Technologies Group Xetra

Equities

VTSC

DE000VTSC017

Market Closed - Xetra Other stock markets 16:37:06 30/09/2024 BST			5-day change	1st Jan Change
52.90 ^EUR	-0.09%		-.--%	-

01-22	Schaeffler misses expectations - share price plummets	DP
11-05	Works Council: Job cuts at Schaeffler disproportionate	DP

75da7d4.xqkXFHTV-YOyjSqJpbTrNTvAajipi_co96fgcAGyZnA.vvBBeE2zmuyE41C83PWbRmztGVLGzsVkvcq0Q1P9ET236FVsI7OTyPegfw

Published financial data: VITESCO TECHNOLOGIES GROUP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	9.09B	8.03B	8.35B	9.07B	9.23B
Total Revenues	9.09B	8.03B	8.35B	9.07B	9.23B
Cost of Goods Sold, Total	7.88B	6.97B	7.23B	7.91B	7.82B
Gross Profit	1.21B	1.06B	1.12B	1.16B	1.41B
Selling General & Admin Expenses, Total	458M	414M	357M	353M	403M
R&D Expenses	1.12B	1B	1.03B	1.01B	1.02B
Other Operating Expenses	-380M	-234M	-267M	-380M	-336M
Other Operating Expenses, Total	1.2B	1.18B	1.12B	978M	1.09B
Operating Income	9.8M	-126M	-1.4M	179M	325M
Interest Expense, Total	-49.4M	-33.7M	-28.1M	-41.8M	-57.5M
Interest And Investment Income	37M	20.6M	16.6M	44.4M	36.4M
Net Interest Expenses	-12.4M	-13.1M	-11.5M	2.6M	-21.1M
Income (Loss) On Equity Invest.	-500K	1M	1.1M	1.3M	2.3M
Currency Exchange Gains (Loss)	-27.1M	-18.9M	13.7M	-53.5M	-15.3M
Other Non Operating Income (Expenses)	1.9M	900K	-8.1M	5.6M	-1.1M
EBT, Excl. Unusual Items	-28.3M	-156M	-6.2M	135M	290M
Restructuring Charges	-307M	-102M	-4.5M	-8M	-
Merger & Related Restructuring Charges	-	-	-	-	-2.2M
Impairment of Goodwill	-224M	-	-	-	-16.7M
Gain (Loss) On Sale Of Assets	3.1M	9.2M	74.9M	2.5M	-91M
Asset Writedown	-98.1M	-76.7M	28.4M	-12.1M	-10.2M
Legal Settlements	-4.2M	-13.5M	-7.8M	-13.1M	600K
Other Unusual Items	-8.6M	-12M	-51.2M	-5.9M	-24.9M
EBT, Incl. Unusual Items	-666M	-351M	33.6M	98M	146M
Income Tax Expense	-26.5M	11.9M	156M	74.4M	242M
Earnings From Continuing Operations	-640M	-363M	-122M	23.6M	-96.4M
Net Income to Company	-640M	-363M	-122M	23.6M	-96.4M
Minority Interest	-20M	-13.5M	-	-	-
Net Income - (IS)	-660M	-377M	-122M	23.6M	-96.4M
Net Income to Common Incl Extra Items	-660M	-377M	-122M	23.6M	-96.4M
Net Income to Common Excl. Extra Items	-660M	-377M	-122M	23.6M	-96.4M
Per Share Items
Net EPS - Basic	-	-	-0.61	0.12	-0.48
Basic EPS - Continuing Operations	-	-	-0.61	0.12	-0.48
Basic Weighted Average Shares Outstanding	-	-	200M	200M	200M
Net EPS - Diluted	-	-	-0.61	0.12	-0.48
Diluted EPS - Continuing Operations	-	-	-0.61	0.12	-0.48
Diluted Weighted Average Shares Outstanding	-	-	200M	200M	200M
Normalized Basic EPS	-	-	-0.02	0.42	0.91
Normalized Diluted EPS	-	-	-0.02	0.42	0.91
Dividend Per Share	-	-	-	-	0.05
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	440M	303M	437M	643M	749M
EBITA	24.2M	-113M	6.3M	186M	332M
EBIT	9.8M	-126M	-1.4M	179M	325M
EBITDAR	1.49B	1.18B	1.26B	1.26B	1.21B
Effective Tax Rate - (Ratio)	3.98	-3.39	463.1	75.92	166.12
Current Domestic Taxes	20.9M	33.4M	17M	22.4M	43.2M
Current Foreign Taxes	170M	104M	116M	86.5M	101M
Total Current Taxes	190M	138M	133M	109M	144M
Deferred Domestic Taxes	-162M	-56.1M	-7M	-17.5M	153M
Deferred Foreign Taxes	-54.8M	-69.8M	29.9M	-17M	-55M
Total Deferred Taxes	-217M	-126M	22.9M	-34.5M	98.1M
Normalized Net Income	-37.69M	-111M	-3.88M	84.12M	181M
Interest on Long-Term Debt	3.2M	3.7M	4.1M	4.2M	4M
Non-Cash Pension Expense	10M	6M	7.2M	10.5M	17M
Supplemental Operating Expense Items
Selling and Marketing Expenses	191M	156M	144M	142M	149M
General and Administrative Expenses	267M	258M	214M	212M	254M
Research And Development Expense From Footnotes	1.12B	1B	1.03B	1.01B	1.02B
Net Rental Expense, Total	1.05B	873M	818M	622M	460M
Imputed Operating Lease Interest Expense	443M	250M	323M	580M	361M
Imputed Operating Lease Depreciation	611M	622M	495M	41.47M	99.68M
Stock-Based Comp., Other (Total)	59M	165M	994M	2.89B	5.66B
Total Stock-Based Compensation	59M	165M	994M	2.89B	5.66B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	185M	255M	614M	781M	1.06B
Total Cash And Short Term Investments	185M	255M	614M	781M	1.06B
Accounts Receivable, Total	1.57B	2.06B	1.58B	1.67B	1.59B
Other Receivables	266M	371M	436M	270M	233M
Total Receivables	1.84B	2.43B	2.01B	1.94B	1.83B
Inventory	621M	562M	806M	827M	825M
Prepaid Expenses	12.5M	21.6M	34.7M	61.5M	55.9M
Other Current Assets, Total	1.78B	1.06B	62.1M	180M	42.5M
Total Current Assets	4.44B	4.33B	3.53B	3.79B	3.82B
Gross Property Plant And Equipment	5.41B	5.62B	6.04B	6.06B	5.6B
Accumulated Depreciation	-3.24B	-3.51B	-3.84B	-4.05B	-3.76B
Net Property Plant And Equipment	2.17B	2.11B	2.2B	2.01B	1.84B
Long-term Investments	29.5M	31.1M	40.7M	42M	35.4M
Goodwill	806M	785M	803M	816M	786M
Other Intangibles, Total	17.9M	8.5M	20.3M	22.1M	17.7M
Accounts Receivable Long-Term	-	-	-	-	1.3M
Loans Receivable Long-Term	5.9M	5.2M	4.8M	6M	24.5M
Deferred Tax Assets Long-Term	276M	266M	269M	272M	266M
Deferred Charges Long-Term	155M	156M	151M	189M	318M
Other Long-Term Assets, Total	508M	371M	390M	455M	477M
Total Assets	8.41B	8.06B	7.41B	7.6B	7.58B
Liabilities
Accounts Payable, Total	1.96B	2.22B	1.96B	2B	1.84B
Accrued Expenses, Total	378M	356M	434M	435M	455M
Short-term Borrowings	762M	618M	-	300K	-
Current Portion of Long-Term Debt	28.4M	32.1M	24.4M	10.6M	11.7M
Current Portion of Leases	32.1M	39.3M	45.4M	44M	42.5M
Current Income Taxes Payable	115M	86.8M	83.2M	72.8M	94.2M
Unearned Revenue Current, Total	77.3M	105M	57.1M	59.4M	144M
Other Current Liabilities	583M	470M	615M	618M	558M
Total Current Liabilities	3.94B	3.92B	3.22B	3.24B	3.14B
Long-Term Debt	-	-	-	200M	495M
Long-Term Leases	187M	181M	199M	193M	177M
Unearned Revenue Non Current	6.4M	200K	7.6M	93.9M	11M
Pension & Other Post Retirement Benefits	755M	924M	866M	524M	624M
Deferred Tax Liability Non Current	69.9M	36.8M	57M	41.2M	140M
Other Non Current Liabilities	275M	349M	372M	246M	140M
Total Liabilities	5.23B	5.41B	4.72B	4.54B	4.73B
Common Stock, Total	3.26B	3.06B	100M	100M	100M
Retained Earnings	-	-	-791M	-762M	-843M
Comprehensive Income and Other	-134M	-408M	3.38B	3.72B	3.59B
Total Common Equity	3.12B	2.65B	2.69B	3.06B	2.85B
Minority Interest	56.9M	-	-	-	-
Total Equity	3.18B	2.65B	2.69B	3.06B	2.85B
Total Liabilities And Equity	8.41B	8.06B	7.41B	7.6B	7.58B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	-	200M	200M	200M
ECS Total Common Shares Outstanding	-	-	200M	200M	200M
Book Value / Share	-	-	13.43	15.3	14.25
Tangible Book Value	2.3B	1.85B	1.86B	2.22B	2.05B
Tangible Book Value Per Share	-	-	9.32	11.11	10.23
Total Debt	1.01B	870M	269M	448M	727M
Net Debt	824M	615M	-345M	-333M	-337M
Debt Equivalent of Unfunded Proj. Benefit Obligation	645M	789M	750M	405M	497M
Debt Equivalent Oper. Leases	8.43B	6.98B	6.54B	4.97B	3.68B
Minority Interest, Total (Incl. Fin. Div)	56.9M	-	-	-	-
Equity Method Investments, Total	2.4M	16M	17M	18.3M	20.3M
Account Code - Inventory Valuation	-	6	6	6	6
Inventories - Raw Materials, Total	289M	272M	482M	574M	561M
Inventories - Work In Process, Total	159M	135M	113M	129M	124M
Inventories - Finished Goods, Total	173M	155M	211M	124M	140M
Land - (BS)	623M	653M	682M	688M	667M
Machinery, Total	4.54B	4.7B	5.03B	5.01B	4.59B
Full Time Employees	-	40.49K	37.49K	38.04K	35.53K
Accumulated Allowance for Doubtful Accounts (Supple)	5.5M	16M	17.3M	16.9M	18.1M
Order Backlog	-	51.3B	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-660M	-377M	-122M	23.6M	-96.4M
Depreciation & Amortization - CF	445M	455M	473M	504M	464M
Amortization of Goodwill and Intangible Assets - (CF)	14.4M	12.8M	7.7M	7.5M	6.6M
Depreciation & Amortization, Total	460M	468M	480M	511M	471M
Amortization of Deferred Charges, Total - (CF)	33.6M	32.4M	32.5M	33.3M	28.6M
(Gain) Loss From Sale Of Asset	-5M	-11.4M	-75.3M	-11.1M	37.1M
Asset Writedown & Restructuring Costs	322M	76.7M	-28.4M	15.3M	76.6M
(Income) Loss On Equity Investments - (CF)	500K	-1M	-1.1M	-1.3M	-2.3M
Other Operating Activities, Total	-62.6M	-121M	-13.2M	37.8M	134M
Change In Accounts Receivable	-859M	-548M	554M	-178M	-22M
Change In Inventories	10.1M	33.6M	-222M	-32.7M	-53M
Change In Accounts Payable	1B	335M	-341M	56.2M	-82.8M
Change in Other Net Operating Assets	454M	106M	154M	138M	139M
Cash from Operations	692M	-5.9M	419M	592M	629M
Capital Expenditure	-596M	-428M	-441M	-447M	-500M
Sale of Property, Plant, and Equipment	30.6M	31.3M	71.2M	44.6M	74.2M
Cash Acquisitions	-	-27.8M	-8.6M	-	-
Divestitures	-	10.5M	104M	11.4M	37.8M
Sale (Purchase) of Intangible assets	-72.2M	-35.4M	-31M	-75.8M	-163M
Investment in Marketable and Equity Securities, Total	-	-	-	-2.5M	6.4M
Cash from Investing	-637M	-450M	-306M	-469M	-544M
Short Term Debt Issued, Total	22.9M	-	86.3M	-	-
Long-Term Debt Issued, Total	-	-	-	200M	295M
Total Debt Issued	22.9M	-	86.3M	200M	295M
Short Term Debt Repaid, Total	-	-10.4M	-	-	-
Long-Term Debt Repaid, Total	-	-	-18.6M	-148M	-61M
Total Debt Repaid	-	-10.4M	-18.6M	-148M	-61M
Repurchase of Common Stock	-	-122M	-121M	-	-
Other Financing Activities, Total	33.7M	670M	278M	-	-
Cash from Financing	56.6M	538M	225M	52.3M	234M
Foreign Exchange Rate Adjustments	1.7M	-11.8M	20.5M	-1.1M	-44.2M
Miscellaneous Cash Flow Adjustments	-	-	-	-7.3M	7.4M
Net Change in Cash	114M	70.2M	359M	167M	282M
Supplemental Items
Cash Interest Paid	30.4M	19.4M	37.1M	14M	18.3M
Cash Income Tax Paid (Refund)	86.3M	171M	151M	106M	141M
Levered Free Cash Flow	1.55B	403M	2.09B	2.94B	5.82B
Unlevered Free Cash Flow	1.58B	424M	2.11B	2.97B	5.86B
Change In Net Working Capital	-1.69B	-302M	-1.07B	56.4M	-162M
Net Debt Issued / Repaid	22.9M	-10.4M	67.7M	52.3M	234M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.07	-0.96	-0.01	1.49	2.68
Return on Total Capital	0.12	-2.05	-0.03	3.45	5.74
Return On Equity %	-15.47	-12.46	-4.57	0.82	-3.26
Return on Common Equity	-16.15	-13.06	-4.57	0.82	-3.26
Margin Analysis
Gross Profit Margin %	13.3	13.15	13.42	12.76	15.3
SG&A Margin	5.03	5.16	4.28	3.89	4.37
EBITDA Margin %	4.84	3.78	5.23	7.09	8.11
EBITA Margin %	0.27	-1.41	0.08	2.05	3.6
EBIT Margin %	0.11	-1.57	-0.02	1.97	3.52
Income From Continuing Operations Margin %	-7.04	-4.52	-1.46	0.26	-1.04
Net Income Margin %	-7.26	-4.69	-1.46	0.26	-1.04
Net Avail. For Common Margin %	-7.26	-4.69	-1.46	0.26	-1.04
Normalized Net Income Margin	-0.41	-1.38	-0.05	0.93	1.96
Levered Free Cash Flow Margin	17	5.03	25.03	32.41	63.07
Unlevered Free Cash Flow Margin	17.34	5.29	25.24	32.7	63.46
Asset Turnover
Asset Turnover	1.04	0.97	1.08	1.21	1.22
Fixed Assets Turnover	4.56	3.75	3.88	4.31	4.8
Receivables Turnover (Average Receivables)	5.66	4.41	4.59	5.58	5.65
Inventory Turnover (Average Inventory)	12.7	11.79	10.57	9.69	9.47
Short Term Liquidity
Current Ratio	1.13	1.1	1.1	1.17	1.21
Quick Ratio	0.51	0.69	0.82	0.84	0.92
Operating Cash Flow to Current Liabilities	0.18	-0	0.13	0.18	0.2
Days Sales Outstanding (Average Receivables)	64.44	82.92	79.56	65.4	64.61
Days Outstanding Inventory (Average Inventory)	28.74	31.05	34.53	37.66	38.56
Average Days Payable Outstanding	84.33	110.63	101.94	91.12	89.68
Cash Conversion Cycle (Average Days)	8.85	3.33	12.14	11.94	13.49
Long Term Solvency
Total Debt/Equity	31.74	32.86	10	14.62	25.48
Total Debt / Total Capital	24.09	24.73	9.09	12.76	20.31
LT Debt/Equity	5.88	6.85	7.41	12.83	23.58
Long-Term Debt / Total Capital	4.46	5.15	6.73	11.19	18.79
Total Liabilities / Total Assets	62.21	67.15	63.71	59.73	62.4
EBIT / Interest Expense	0.2	-3.74	-0.05	4.27	5.66
EBITDA / Interest Expense	9.5	10.15	17.04	16.51	13.85
(EBITDA - Capex) / Interest Expense	-2.55	-2.56	1.34	5.82	5.15
Total Debt / EBITDA	2.15	2.54	0.56	0.65	0.91
Net Debt / EBITDA	1.76	1.8	-0.72	-0.48	-0.42
Total Debt / (EBITDA - Capex)	-8.01	-10.07	7.15	1.84	2.45
Net Debt / (EBITDA - Capex)	-6.54	-7.12	-9.18	-1.37	-1.14
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-0.55	-11.71	4	8.64	1.8
Gross Profit, 1 Yr. Growth %	-13.23	-12.66	6.11	3.28	22.06
EBITDA, 1 Yr. Growth %	-30.64	-31.12	46.2	62.36	21.22
EBITA, 1 Yr. Growth %	-90.11	-568.18	-105.35	-634.77	105.96
EBIT, 1 Yr. Growth %	-95.72	-1.39K	-98.93	-520.24	111.71
Earnings From Cont. Operations, 1 Yr. Growth %	-700.84	-43.24	-66.41	-119.34	-508.47
Net Income, 1 Yr. Growth %	-862.89	-42.92	-67.61	-119.34	-508.47
Normalized Net Income, 1 Yr. Growth %	-136.59	194.86	-96.6	-384.57	164.54
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-	-119.33	-508.69
Accounts Receivable, 1 Yr. Growth %	-3.77	31.03	-23.59	6.21	-4.75
Inventory, 1 Yr. Growth %	0.1	-9.55	43.41	2.67	-0.25
Net Property, Plant and Equip., 1 Yr. Growth %	19.21	-2.74	4.44	-8.82	-8.24
Total Assets, 1 Yr. Growth %	-7.04	-4.15	-8.11	2.64	-0.27
Tangible Book Value, 1 Yr. Growth %	-42.28	-19.3	0.54	19.22	-7.92
Common Equity, 1 Yr. Growth %	-38.17	-15.16	1.5	13.89	-6.87
Cash From Operations, 1 Yr. Growth %	1.9	-100.85	-7.2K	41.35	6.23
Capital Expenditures, 1 Yr. Growth %	-12.95	-28.06	3.01	1.2	11.91
Levered Free Cash Flow, 1 Yr. Growth %	-	-73.89	421.49	42.43	99.16
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-73.07	399.61	42.48	98.61
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-6.3	-4.18	6.29	5.17
Gross Profit, 2 Yr. CAGR %	-	-12.95	-3.73	4.68	12.27
EBITDA, 2 Yr. CAGR %	-	-30.88	-0.38	46.65	37.55
EBITA, 2 Yr. CAGR %	-	-31.94	-48.98	25.74	208.87
EBIT, 2 Yr. CAGR %	-	-25.83	-62.2	16.99	176.7
Earnings From Cont. Operations, 2 Yr. CAGR %	-	84.67	-56.34	-74.51	-11.11
Net Income, 2 Yr. CAGR %	-	108.68	-57	-74.97	-11.11
Normalized Net Income, 2 Yr. CAGR %	-	3.87	-67.93	-14.05	147.7
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	-	-11.11
Accounts Receivable, 2 Yr. CAGR %	-	12.29	0.06	-9.91	0.58
Inventory, 2 Yr. CAGR %	-	-4.85	13.9	21.34	1.2
Net Property, Plant and Equip., 2 Yr. CAGR %	-	7.68	0.71	-2.35	-8.53
Total Assets, 2 Yr. CAGR %	-	-5.61	-6.15	-2.88	1.17
Tangible Book Value, 2 Yr. CAGR %	-	-31.75	-9.92	9.49	4.77
Common Equity, 2 Yr. CAGR %	-	-27.57	-7.21	7.52	2.99
Cash From Operations, 2 Yr. CAGR %	-	-90.68	-22.22	901.78	22.54
Capital Expenditures, 2 Yr. CAGR %	-	-20.87	-13.92	2.1	6.42
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	16.28	170.85	67.97
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	15.62	165.17	67.78
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-2.99	-0.08	4.77
Gross Profit, 3 Yr. CAGR %	-	-	-7.01	-1.45	10.18
EBITDA, 3 Yr. CAGR %	-	-	-11.7	13.44	35.83
EBITA, 3 Yr. CAGR %	-	-	-70.47	97.38	41.29
EBIT, 3 Yr. CAGR %	-	-	-81.72	163.16	35.6
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	4.63	-66.71	-35.73
Net Income, 3 Yr. CAGR %	-	-	12.15	-67.05	-36.51
Normalized Net Income, 3 Yr. CAGR %	-	-	-66.49	30.69	16.78
Accounts Receivable, 3 Yr. CAGR %	-	-	-1.23	2.07	-8.22
Inventory, 3 Yr. CAGR %	-	-	9.1	10.02	13.67
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	6.53	-2.54	-4.36
Total Assets, 3 Yr. CAGR %	-	-	-6.45	-3.31	-2.02
Tangible Book Value, 3 Yr. CAGR %	-	-	-22.34	-1.1	3.34
Common Equity, 3 Yr. CAGR %	-	-	-18.95	-0.65	2.49
Cash From Operations, 3 Yr. CAGR %	-	-	-14.9	-5.09	374.17
Capital Expenditures, 3 Yr. CAGR %	-	-	-13.6	-9.15	5.27
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	23.9	144.04
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	23.45	140.4
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	0.2
Gross Profit, 5 Yr. CAGR %	-	-	-	-	0.27
EBITDA, 5 Yr. CAGR %	-	-	-	-	3.36
EBITA, 5 Yr. CAGR %	-	-	-	-	6.3
EBIT, 5 Yr. CAGR %	-	-	-	-	7.26
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	-1.97
Net Income, 5 Yr. CAGR %	-	-	-	-	2.19
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	11.98
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	-0.51
Inventory, 5 Yr. CAGR %	-	-	-	-	5.87
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	0.25
Total Assets, 5 Yr. CAGR %	-	-	-	-	-3.47
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	-12.46
Common Equity, 5 Yr. CAGR %	-	-	-	-	-10.8
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	-1.54
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-6.08