Cash flow Burberry Group plc

Equities

BRBY

GB0031743007

Apparel & Accessories Retailers

Market Closed - London S.E. Other stock markets 09:05:29 06/09/2024 pm IST			5-day change	1st Jan Change
604.40 ^GBX	-5.18%		-9.49%	-57.32%

05/09	Stocks stay red as market preps for US data	AN
05/09	Stocks see underwhelming start before US ADP print	AN

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Published financial data: BURBERRY GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	263.31Cr	234.39Cr	282.6Cr	309.4Cr	296.8Cr
Total Revenues	263.31Cr	234.39Cr	282.6Cr	309.4Cr	296.8Cr
Cost of Goods Sold, Total	86Cr	70Cr	83Cr	91Cr	96Cr
Gross Profit	177.38Cr	164.02Cr	199.5Cr	218.2Cr	200.9Cr
Selling General & Admin Expenses, Total	134.07Cr	125.99Cr	149Cr	156Cr	160.4Cr
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	-50L	-3.43Cr	-1.8Cr	-1.2Cr	-1.3Cr
Other Operating Expenses, Total	133.57Cr	122.56Cr	147.2Cr	154.8Cr	159.1Cr
Operating Income	44Cr	41Cr	52Cr	63Cr	42Cr
Interest Expense, Total	-2.55Cr	-2.98Cr	-3.1Cr	-3.7Cr	-5.4Cr
Interest And Investment Income	70L	26L	20L	1.8Cr	2.2Cr
Net Interest Expenses	-1.85Cr	-2.72Cr	-2.9Cr	-1.9Cr	-3.2Cr
Other Non Operating Income (Expenses)	-5L	-30L	-20L	-20L	-30L
EBT, Excl. Unusual Items	42Cr	38Cr	49Cr	61Cr	38Cr
Restructuring Charges	-1.06Cr	-2.98Cr	-1.1Cr	-1.6Cr	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	1.9Cr	-
Asset Writedown	-23Cr	6.89Cr	1.1Cr	70L	-
Other Unusual Items	-52L	6.67Cr	1.9Cr	1.1Cr	-
EBT, Incl. Unusual Items	17Cr	49Cr	51Cr	63Cr	38Cr
Income Tax Expense	4.69Cr	11Cr	11Cr	14Cr	11Cr
Earnings From Continuing Operations	12Cr	38Cr	40Cr	49Cr	27Cr
Net Income to Company	12Cr	38Cr	40Cr	49Cr	27Cr
Minority Interest	1L	-2L	-10L	-20L	-10L
Net Income - (IS)	12Cr	38Cr	40Cr	49Cr	27Cr
Net Income to Common Incl Extra Items	12Cr	38Cr	40Cr	49Cr	27Cr
Net Income to Common Excl. Extra Items	12Cr	38Cr	40Cr	49Cr	27Cr
Per Share Items
Net EPS - Basic	0.3	0.93	0.98	1.27	0.74
Basic EPS - Continuing Operations	0.3	0.93	0.98	1.27	0.74
Basic Weighted Average Shares Outstanding	41Cr	40Cr	40Cr	39Cr	36Cr
Net EPS - Diluted	0.3	0.93	0.98	1.26	0.74
Diluted EPS - Continuing Operations	0.3	0.93	0.98	1.26	0.74
Diluted Weighted Average Shares Outstanding	41Cr	41Cr	40Cr	39Cr	37Cr
Normalized Basic EPS	0.64	0.59	0.76	0.99	0.65
Normalized Diluted EPS	0.64	0.59	0.76	0.98	0.65
Dividend Per Share	0.11	0.42	0.47	0.61	0.61
Payout Ratio	143.96	-	55.3	41.43	86.3
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	52Cr	49Cr	61Cr	73Cr	52Cr
EBITA	44Cr	42Cr	52Cr	64Cr	42Cr
EBIT	44Cr	41Cr	52Cr	63Cr	42Cr
EBITDAR	64Cr	63Cr	75Cr	89Cr	66Cr
Effective Tax Rate - (Ratio)	27.83	23.32	22.31	22.4	29.24
Current Domestic Taxes	5.56Cr	1.84Cr	13Cr	12Cr	14Cr
Current Foreign Taxes	2.61Cr	6.98Cr	1.3Cr	3.7Cr	-90L
Total Current Taxes	8.17Cr	8.82Cr	14Cr	16Cr	14Cr
Deferred Domestic Taxes	-84L	3.19Cr	-60L	40L	40L
Deferred Foreign Taxes	-2.64Cr	-58L	-2.5Cr	-2.2Cr	-2.8Cr
Total Deferred Taxes	-3.48Cr	2.61Cr	-3.1Cr	-1.8Cr	-2.4Cr
Normalized Net Income	26Cr	24Cr	31Cr	38Cr	24Cr
Interest on Long-Term Debt	2.49Cr	2.49Cr	3.1Cr	3.5Cr	4.7Cr
Supplemental Operating Expense Items
Selling and Marketing Expenses	84Cr	94Cr	111.3Cr	120.7Cr	-
General and Administrative Expenses	50Cr	32Cr	38Cr	35Cr	-
Net Rental Expense, Total	12Cr	14Cr	14Cr	16Cr	14Cr
Imputed Operating Lease Interest Expense	3.18Cr	2.33Cr	2.58Cr	3.2Cr	3.99Cr
Imputed Operating Lease Depreciation	8.55Cr	11Cr	12Cr	12Cr	10Cr
Stock-Based Comp., Other (Total)	28L	1.21Cr	1.6Cr	1.9Cr	1.6Cr
Total Stock-Based Compensation	28L	1.21Cr	1.6Cr	1.9Cr	1.6Cr

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	93Cr	126.13Cr	122.2Cr	102.6Cr	44Cr
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	93Cr	126.13Cr	122.2Cr	102.6Cr	44Cr
Accounts Receivable, Total	11Cr	15Cr	14Cr	18Cr	18Cr
Other Receivables	16Cr	13Cr	19Cr	17Cr	25Cr
Total Receivables	27Cr	28Cr	34Cr	35Cr	43Cr
Inventory	45Cr	40Cr	43Cr	45Cr	51Cr
Prepaid Expenses	-	3.96Cr	3.2Cr	3.2Cr	3.3Cr
Other Current Assets, Total	4.17Cr	22L	1.8Cr	70L	1.4Cr
Total Current Assets	168.86Cr	198.22Cr	203.5Cr	186.3Cr	142.4Cr
Gross Property Plant And Equipment	187.4Cr	178.63Cr	194.1Cr	209.8Cr	214.2Cr
Accumulated Depreciation	-75Cr	-69Cr	-74Cr	-77Cr	-72Cr
Net Property Plant And Equipment	112.89Cr	109.85Cr	120.2Cr	132.6Cr	141.9Cr
Long-term Investments	-	-	-	-	-
Goodwill	11Cr	11Cr	11Cr	11Cr	12Cr
Other Intangibles, Total	14Cr	13Cr	13Cr	14Cr	15Cr
Deferred Tax Assets Long-Term	17Cr	14Cr	18Cr	20Cr	21Cr
Other Long-Term Assets, Total	5.62Cr	4.74Cr	4.5Cr	5.2Cr	5.2Cr
Total Assets	329.22Cr	350.22Cr	369.7Cr	368.6Cr	337Cr
Liabilities
Accounts Payable, Total	20Cr	13Cr	18Cr	19Cr	18Cr
Accrued Expenses, Total	22Cr	22Cr	26Cr	25Cr	21Cr
Short-term Borrowings	4.16Cr	4.54Cr	4.5Cr	6.5Cr	7.9Cr
Current Portion of Leases	22Cr	21Cr	21Cr	22Cr	23Cr
Current Income Taxes Payable	79L	2.79Cr	3.9Cr	4.3Cr	8.6Cr
Unearned Revenue Current, Total	1.87Cr	2Cr	2.6Cr	2.7Cr	2.3Cr
Other Current Liabilities	2.62Cr	4.89Cr	4Cr	3.8Cr	5Cr
Total Current Liabilities	73Cr	70Cr	80Cr	83Cr	86Cr
Long-Term Debt	30Cr	30Cr	30Cr	30Cr	30Cr
Long-Term Leases	91Cr	81Cr	85Cr	90Cr	96Cr
Unearned Revenue Non Current	8.11Cr	8.46Cr	8.2Cr	7.6Cr	6Cr
Pension & Other Post Retirement Benefits	19L	10L	10L	10L	-
Deferred Tax Liability Non Current	1L	8L	10L	10L	10L
Other Non Current Liabilities	4.98Cr	4.66Cr	4.5Cr	4Cr	4Cr
Total Liabilities	207.34Cr	194.25Cr	208Cr	214.7Cr	221.6Cr
Common Stock, Total	2L	2L	-	-	-
Additional Paid In Capital	22Cr	22Cr	23Cr	23Cr	23Cr
Retained Earnings	70Cr	109.12Cr	112.3Cr	102.6Cr	68Cr
Comprehensive Income and Other	29Cr	24Cr	26Cr	28Cr	24Cr
Total Common Equity	121.42Cr	155.66Cr	161.3Cr	153.3Cr	114.7Cr
Minority Interest	46L	31L	40L	60L	70L
Total Equity	121.88Cr	155.97Cr	161.7Cr	153.9Cr	115.4Cr
Total Liabilities And Equity	329.22Cr	350.22Cr	369.7Cr	368.6Cr	337Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	40Cr	40Cr	40Cr	38Cr	36Cr
ECS Total Common Shares Outstanding	40Cr	40Cr	40Cr	38Cr	36Cr
Book Value / Share	3.01	3.85	4.07	4.08	3.22
Tangible Book Value	97Cr	131.96Cr	137.3Cr	128.5Cr	88Cr
Tangible Book Value Per Share	2.4	3.27	3.47	3.42	2.47
Total Debt	146.71Cr	136.21Cr	140.1Cr	148.6Cr	156.6Cr
Net Debt	54Cr	10Cr	18Cr	46Cr	112.5Cr
Debt Equivalent Oper. Leases	94Cr	110.64Cr	115.2Cr	124.8Cr	112.8Cr
Minority Interest, Total (Incl. Fin. Div)	46L	31L	40L	60L	70L
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	1.33Cr	1.22Cr	1.2Cr	1.5Cr	2.9Cr
Inventories - Work In Process, Total	15L	8L	10L	10L	30L
Inventories - Finished Goods, Total	44Cr	39Cr	41Cr	43Cr	48Cr
Land - (BS)	15Cr	13Cr	12Cr	12Cr	9.1Cr
Machinery, Total	37Cr	33Cr	35Cr	37Cr	36Cr
Full Time Employees	10.16T	9.37T	9.29T	9.2T	9.34T
Accumulated Allowance for Doubtful Accounts (Supple)	1.65Cr	79L	70L	70L	1Cr

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	12Cr	38Cr	40Cr	49Cr	27Cr
Depreciation & Amortization - CF	30Cr	24Cr	27Cr	30Cr	34Cr
Amortization of Goodwill and Intangible Assets - (CF)	9L	9L	10L	10L	10L
Depreciation & Amortization, Total	31Cr	24Cr	28Cr	30Cr	34Cr
Amortization of Deferred Charges, Total - (CF)	2.55Cr	3.2Cr	3.8Cr	3.6Cr	4.1Cr
(Gain) Loss From Sale Of Asset	-64L	-2.38Cr	-30L	-1.9Cr	30L
Asset Writedown & Restructuring Costs	18Cr	-3.24Cr	80L	70L	1.4Cr
Stock-Based Compensation (CF)	28L	1.21Cr	1.6Cr	1.9Cr	1.6Cr
Other Operating Activities, Total	-10Cr	84L	-8.5Cr	-1.2Cr	-1Cr
Change In Accounts Receivable	-98L	-3.9Cr	-50L	-1.7Cr	-3.2Cr
Change In Inventories	2.74Cr	2.09Cr	-2.2Cr	-1Cr	-5.7Cr
Change In Accounts Payable	-8.4Cr	-72L	8.1Cr	-4.9Cr	-7.7Cr
Cash from Operations	46Cr	59Cr	70Cr	75Cr	51Cr
Capital Expenditure	-8.53Cr	-7.29Cr	-12Cr	-14Cr	-16Cr
Sale of Property, Plant, and Equipment	30L	2.72Cr	80L	3.2Cr	-
Cash Acquisitions	-	-	-70L	-	-1.9Cr
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-6.35Cr	-4.19Cr	-3.7Cr	-4.3Cr	-5Cr
Other Investing Activities, Total	-56L	-29L	-40L	-	-40L
Cash from Investing	-15Cr	-9.05Cr	-16Cr	-15Cr	-23Cr
Long-Term Debt Issued, Total	30Cr	60Cr	-	-	-
Total Debt Issued	30Cr	60Cr	-	-	-
Long-Term Debt Repaid, Total	-24Cr	-75Cr	-20Cr	-21Cr	-23Cr
Total Debt Repaid	-24Cr	-75Cr	-20Cr	-21Cr	-23Cr
Issuance of Common Stock	38L	22L	40L	30L	10L
Repurchase of Common Stock	-15Cr	-1L	-16Cr	-40Cr	-40Cr
Common Dividends Paid	-18Cr	-	-22Cr	-20Cr	-23Cr
Common & Preferred Stock Dividends Paid	-18Cr	-	-22Cr	-20Cr	-23Cr
Other Financing Activities, Total	-27L	-43L	-30L	-60L	-
Cash from Financing	-26Cr	-16Cr	-58Cr	-82Cr	-86Cr
Foreign Exchange Rate Adjustments	85L	-1.32Cr	70L	20L	-90L
Net Change in Cash	5Cr	33Cr	-3.9Cr	-22Cr	-60Cr
Supplemental Items
Cash Interest Paid	2.6Cr	3.01Cr	3.2Cr	4Cr	5.2Cr
Cash Income Tax Paid (Refund)	15Cr	5.8Cr	18Cr	14Cr	14Cr
Levered Free Cash Flow	29Cr	43Cr	49Cr	52Cr	27Cr
Unlevered Free Cash Flow	30Cr	45Cr	51Cr	55Cr	31Cr
Change In Net Working Capital	16Cr	-1.28Cr	-1.1Cr	3.1Cr	14Cr
Net Debt Issued / Repaid	6.19Cr	-16Cr	-20Cr	-21Cr	-23Cr

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	9.74	7.63	9.08	10.73	7.4
Return on Total Capital	13.09	9.24	11.01	13.11	9.09
Return On Equity %	9.08	27.06	24.99	31.18	20.13
Return on Common Equity	9.12	27.12	24.98	31.15	20.15
Margin Analysis
Gross Profit Margin %	67.37	69.98	70.59	70.52	67.69
SG&A Margin	50.92	53.75	52.72	50.42	54.04
EBITDA Margin %	19.84	20.77	21.59	23.59	17.59
EBITA Margin %	16.67	17.73	18.54	20.52	14.12
EBIT Margin %	16.64	17.69	18.51	20.49	14.08
Income From Continuing Operations Margin %	4.62	16.04	14.05	15.9	9.13
Net Income Margin %	4.62	16.03	14.01	15.84	9.1
Net Avail. For Common Margin %	4.62	16.03	14.01	15.84	9.1
Normalized Net Income Margin	9.95	10.24	10.85	12.32	8.03
Levered Free Cash Flow Margin	10.92	18.23	17.22	16.91	9.25
Unlevered Free Cash Flow Margin	11.53	19.02	17.9	17.66	10.39
Asset Turnover
Asset Turnover	0.94	0.69	0.79	0.84	0.84
Fixed Assets Turnover	3.67	2.1	2.46	2.45	2.16
Receivables Turnover (Average Receivables)	23.23	18.46	19.42	19.28	16.67
Inventory Turnover (Average Inventory)	1.88	1.65	2.01	2.09	2.01
Short Term Liquidity
Current Ratio	2.31	2.82	2.53	2.25	1.66
Quick Ratio	1.64	2.19	1.94	1.66	1.02
Operating Cash Flow to Current Liabilities	0.62	0.84	0.87	0.9	0.59
Days Sales Outstanding (Average Receivables)	15.67	19.71	19.1	18.88	21.83
Days Outstanding Inventory (Average Inventory)	193.92	220.51	184.83	174.22	181.05
Average Days Payable Outstanding