Cash flow Canal+ SA

Stocks

CAN

FR001400T0D6

Broadcasting

Market Closed - London S.E. Other stock markets 09:05:12 15/07/2026 pm IST			5-day change	1st Jan Change
234.00 ^GBX	-2.09%		-5.42%	-12.23%

30/06	BofA: Canal+ H1 Results to Focus on Turnaround Progress at MultiChoice; Buy Rating Affirmed	MT
23/06	Canal+ and Amazon Fire TV Strengthen Their Partnership in Europe

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Published financial data: CANAL+ SA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	587Cr	601Cr	622.3Cr	644.9Cr	694.9Cr
Total Revenues	587Cr	601Cr	622.3Cr	644.9Cr	694.9Cr
Cost of Goods Sold, Total	343.2Cr	354.7Cr	372.5Cr	389.6Cr	387.5Cr
Gross Profit	243.8Cr	246.3Cr	249.8Cr	255.3Cr	307.4Cr
Selling General & Admin Expenses, Total	201.4Cr	200.6Cr	202.1Cr	209Cr	242.9Cr
Amortization of Goodwill and Intangible Assets - (IS)	4.5Cr	5.3Cr	4.4Cr	3.8Cr	6.3Cr
Other Operating Expenses, Total	205.9Cr	205.9Cr	206.5Cr	212.8Cr	249.2Cr
Operating Income	38Cr	40Cr	43Cr	42Cr	58Cr
Interest Expense, Total	-2.9Cr	-3.8Cr	-16Cr	-4.4Cr	-6.8Cr
Interest And Investment Income	2.2Cr	-	-	-	-
Net Interest Expenses	-70L	-3.8Cr	-16Cr	-4.4Cr	-6.8Cr
Income (Loss) On Equity Invest.	10L	-90L	-10Cr	-16Cr	3.8Cr
Currency Exchange Gains (Loss)	-40L	-1.2Cr	-1.4Cr	-30L	-80L
Other Non Operating Income (Expenses)	-3.5Cr	-1.5Cr	-4.2Cr	-7.7Cr	-3.8Cr
EBT, Excl. Unusual Items	33Cr	33Cr	11Cr	14Cr	51Cr
Restructuring Charges	-2.3Cr	-1.3Cr	-50L	-8.2Cr	-1.4Cr
Gain (Loss) On Sale Of Investments	50L	-	-	-	-70L
Asset Writedown	-10L	-	-20L	-10L	-
Other Unusual Items	-	-	-	-	-33Cr
EBT, Incl. Unusual Items	32Cr	32Cr	10Cr	6Cr	15Cr
Income Tax Expense	16Cr	13Cr	12Cr	16Cr	11Cr
Earnings From Continuing Operations	16Cr	18Cr	-1.6Cr	-9.6Cr	4Cr
Earnings Of Discontinued Operations	-	-	-	-	-2.5Cr
Net Income to Company	16Cr	18Cr	-1.6Cr	-9.6Cr	1.5Cr
Minority Interest	-3.9Cr	-4.3Cr	-4.5Cr	-5.1Cr	-6.2Cr
Net Income - (IS)	12Cr	14Cr	-6.1Cr	-15Cr	-4.7Cr
Net Income to Common Incl Extra Items	12Cr	14Cr	-6.1Cr	-15Cr	-4.7Cr
Net Income to Common Excl. Extra Items	12Cr	14Cr	-6.1Cr	-15Cr	-2.2Cr
Per Share Items
Net EPS - Basic	-	-	-	-0.15	-0.05
Basic EPS - Continuing Operations	-	-	-	-0.15	-0.02
Basic Weighted Average Shares Outstanding	-	-	-	99Cr	99Cr
Net EPS - Diluted	-	-	-	-0.15	-0.05
Diluted EPS - Continuing Operations	-	-	-	-0.15	-0.02
Diluted Weighted Average Shares Outstanding	-	-	-	99Cr	99Cr
Normalized Basic EPS	-	-	-	0.04	0.26
Normalized Diluted EPS	-	-	-	0.04	0.26
Dividend Per Share	-	-	-	0.02	0.02
Payout Ratio	-	-	-	-	-42.55
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	69Cr	73Cr	77Cr	75Cr	95Cr
EBITA	52Cr	54Cr	58Cr	58Cr	78Cr
EBIT	38Cr	40Cr	43Cr	42Cr	58Cr
Effective Tax Rate - (Ratio)	49.84	41.96	115.69	260	73.86
Current Domestic Taxes	9.9Cr	10Cr	8.2Cr	4.6Cr	30L
Current Foreign Taxes	4.6Cr	5.1Cr	5.7Cr	8.4Cr	14Cr
Total Current Taxes	14Cr	16Cr	14Cr	13Cr	15Cr
Deferred Domestic Taxes	1.3Cr	-1Cr	70L	40L	-2.8Cr
Deferred Foreign Taxes	-10L	-1.2Cr	-2.8Cr	2.3Cr	-50L
Total Deferred Taxes	1.2Cr	-2.2Cr	-2.1Cr	2.7Cr	-3.3Cr
Normalized Net Income	17Cr	16Cr	2.31Cr	3.84Cr	25Cr
Interest on Long-Term Debt	20L	50L	60L	50L	1.2Cr
Non-Cash Pension Expense	-10L	-90L	-10L	10L	-50L
Supplemental Operating Expense Items
Stock-Based Comp., Other (Total)	40L	40L	30L	40L	1.4Cr
Total Stock-Based Compensation	40L	40L	30L	40L	1.4Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	19Cr	28Cr	33Cr	38Cr	83Cr
Short Term Investments	20L	20L	20L	20L	-
Total Cash And Short Term Investments	19Cr	28Cr	34Cr	38Cr	83Cr
Accounts Receivable, Total	63Cr	54Cr	55Cr	66Cr	70Cr
Other Receivables	2.3Cr	3.1Cr	2.9Cr	84Cr	6Cr
Notes Receivable	7.6Cr	8.7Cr	9.4Cr	-	-
Total Receivables	73Cr	66Cr	67Cr	150.8Cr	76Cr
Inventory	7.6Cr	11Cr	8.9Cr	6.6Cr	8.5Cr
Other Current Assets, Total	180Cr	192.2Cr	184Cr	99Cr	203.7Cr
Total Current Assets	279.8Cr	297Cr	293.9Cr	294.4Cr	371.3Cr
Gross Property Plant And Equipment	247.5Cr	230.7Cr	242.5Cr	214.3Cr	242.8Cr
Accumulated Depreciation	-165.9Cr	-143Cr	-156.6Cr	-135.8Cr	-144Cr
Net Property Plant And Equipment	82Cr	88Cr	86Cr	78Cr	99Cr
Long-term Investments	60Cr	105.1Cr	134.7Cr	172.3Cr	89Cr
Goodwill	234.1Cr	245Cr	245.8Cr	246.2Cr	368.9Cr
Other Intangibles, Total	90Cr	103.4Cr	110Cr	120.4Cr	255Cr
Deferred Tax Assets Long-Term	11Cr	13Cr	13Cr	14Cr	33Cr
Other Long-Term Assets, Total	11Cr	9.4Cr	7.5Cr	11Cr	14Cr
Total Assets	767.6Cr	860.2Cr	891.2Cr	937Cr	1.23TCr
Liabilities
Accounts Payable, Total	207.9Cr	203Cr	199.2Cr	182Cr	227Cr
Short-term Borrowings	295.2Cr	358.2Cr	416.6Cr	30L	2Cr
Current Portion of Long-Term Debt	10L	1.2Cr	-	33Cr	50Cr
Current Portion of Leases	2Cr	1.4Cr	4.1Cr	4.1Cr	11Cr
Current Income Taxes Payable	3.2Cr	2.6Cr	2.2Cr	3.6Cr	5.7Cr
Other Current Liabilities	100Cr	94Cr	88Cr	107.4Cr	161.2Cr
Total Current Liabilities	608.3Cr	660.7Cr	709.8Cr	330.3Cr	456.5Cr
Long-Term Debt	3.6Cr	6.3Cr	80L	40Cr	231Cr
Long-Term Leases	20Cr	22Cr	18Cr	17Cr	38Cr
Deferred Tax Liability Non Current	16Cr	21Cr	20Cr	18Cr	69Cr
Other Non Current Liabilities	23Cr	32Cr	29Cr	27Cr	70Cr
Total Liabilities	671.2Cr	741.7Cr	777.2Cr	432.4Cr	864.4Cr
Common Stock, Total	-	-	-	25Cr	25Cr
Additional Paid In Capital	-	-	-	660.3Cr	658.3Cr
Retained Earnings	77Cr	97Cr	89Cr	-206Cr	-322.9Cr
Treasury Stock	-	-	-	-	-3.1Cr
Comprehensive Income and Other	-	-	-	-	10L
Total Common Equity	77Cr	97Cr	89Cr	479.1Cr	357.2Cr
Minority Interest	20Cr	22Cr	25Cr	26Cr	7.8Cr
Total Equity	96Cr	118.5Cr	114Cr	504.6Cr	365Cr
Total Liabilities And Equity	767.6Cr	860.2Cr	891.2Cr	937Cr	1.23TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	-	-	99Cr	98Cr
ECS Total Common Shares Outstanding	-	-	-	99Cr	98Cr
Book Value / Share	-	-	-	4.83	3.64
Tangible Book Value	-247.4Cr	-251.4Cr	-266.4Cr	112.5Cr	-266.7Cr
Tangible Book Value Per Share	-	-	-	1.13	-2.72
Total Debt	320.5Cr	388.6Cr	439.7Cr	94Cr	331.9Cr
Net Debt	301.2Cr	360.2Cr	406.1Cr	56Cr	248.9Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.8Cr	1Cr	1.3Cr	2Cr	2.2Cr
Minority Interest, Total (Incl. Fin. Div)	20Cr	22Cr	25Cr	26Cr	7.8Cr
Equity Method Investments, Total	2.1Cr	90Cr	110.3Cr	148.2Cr	62Cr
Account Code - Inventory Valuation	-	-	6	6	6
Film Contract & Broadcasting Rights - Long-Term, Total	27Cr	39Cr	47Cr	54Cr	51Cr
Land - (BS)	1.5Cr	1.5Cr	1.5Cr	50L	2.4Cr
Buildings, Total	13Cr	13Cr	14Cr	14Cr	21Cr
Machinery, Total	187.8Cr	175.3Cr	186.9Cr	157.9Cr	155.5Cr
Full Time Employees	-	-	7.58T	8.83T	8.4T
Part Time Employees	-	-	-	253	263
Accumulated Allowance for Doubtful Accounts (Supple)	9.5Cr	10Cr	11Cr	11Cr	13Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	12Cr	14Cr	-6.1Cr	-15Cr	-4.7Cr
Depreciation & Amortization - CF	21Cr	22Cr	23Cr	21Cr	23Cr
Amortization of Goodwill and Intangible Assets - (CF)	14Cr	14Cr	15Cr	15Cr	20Cr
Depreciation & Amortization, Total	35Cr	36Cr	38Cr	37Cr	43Cr
Asset Writedown & Restructuring Costs	10L	20L	40L	10L	-
Net Cash From Discontinued Operations	-	-	-	-	-1.9Cr
Other Operating Activities, Total	20Cr	-15Cr	19Cr	18Cr	-9Cr
Change In Accounts Receivable	-9.1Cr	14Cr	-20L	-7.6Cr	26Cr
Change In Inventories	30L	-2.9Cr	1.8Cr	1Cr	2.2Cr
Change In Accounts Payable	4.2Cr	-6.4Cr	-3.4Cr	11Cr	8.9Cr
Change in Other Net Operating Assets	2.6Cr	80L	1.1Cr	-3.4Cr	6.7Cr
Cash from Operations	65Cr	40Cr	50Cr	41Cr	71Cr
Capital Expenditure	-37Cr	-34Cr	-30Cr	-28Cr	-30Cr
Sale of Property, Plant, and Equipment	30L	70L	70L	1.1Cr	2.3Cr
Cash Acquisitions	-2.8Cr	-10Cr	-90L	-5.1Cr	-106Cr
Divestitures	10L	-	-	-	-
Investment in Marketable and Equity Securities, Total	-14Cr	-39Cr	-44Cr	-55Cr	-13Cr
Other Investing Activities, Total	-	-	-	-	10L
Cash from Investing	-54Cr	-82Cr	-74Cr	-87Cr	-146.1Cr
Short Term Debt Issued, Total	6.6Cr	66Cr	58Cr	28Cr	135.9Cr
Long-Term Debt Issued, Total	50L	20L	-	72Cr	276.4Cr
Total Debt Issued	7.1Cr	66Cr	58Cr	99Cr	412.3Cr
Short Term Debt Repaid, Total	-4.9Cr	-4.6Cr	-	-34Cr	-126.4Cr
Long-Term Debt Repaid, Total	-4.8Cr	-3.2Cr	-3.4Cr	-5.9Cr	-147.7Cr
Total Debt Repaid	-9.7Cr	-7.8Cr	-3.4Cr	-39Cr	-274.1Cr
Issuance of Common Stock	1.7Cr	50L	20L	-	-
Repurchase of Common Stock	-	-	-	-	-3.1Cr
Common Dividends Paid	-	-	-	-	-2Cr
Common & Preferred Stock Dividends Paid	-	-	-	-	-2Cr
Other Financing Activities, Total	-6.6Cr	-8.5Cr	-25Cr	-10Cr	-16Cr
Cash from Financing	-7.5Cr	50Cr	30Cr	50Cr	117.6Cr
Foreign Exchange Rate Adjustments	10L	-	-50L	50L	3Cr
Miscellaneous Cash Flow Adjustments	-10L	-	-	-	-
Net Change in Cash	4Cr	9.1Cr	5.1Cr	4.2Cr	45Cr
Supplemental Items
Cash Interest Paid	2.8Cr	4.1Cr	17Cr	5Cr	8.1Cr
Cash Income Tax Paid (Refund)	9.2Cr	17Cr	14Cr	13Cr	17Cr
Levered Free Cash Flow	-	6.28Cr	22Cr	32Cr	116.92Cr
Unlevered Free Cash Flow	-	8.65Cr	32Cr	35Cr	121.18Cr
Change In Net Working Capital	-	19Cr	2.5Cr	80L	-70Cr
Net Debt Issued / Repaid	-2.6Cr	58Cr	55Cr	60Cr	138.2Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-	3.1	3.09	2.91	3.36
Return on Total Capital	-	5.47	5.1	4.59	5.6
Return On Equity %	-	17.12	-1.38	-3.1	0.92
Return on Common Equity	-	16.23	-6.54	-5.17	-0.53
Margin Analysis
Gross Profit Margin %	41.53	40.98	40.14	39.59	44.24
SG&A Margin	34.31	33.38	32.48	32.41	34.95
EBITDA Margin %	11.72	12.1	12.34	11.63	13.7
EBITA Margin %	8.81	9.03	9.32	8.96	11.21
EBIT Margin %	6.46	6.72	6.96	6.59	8.38
Income From Continuing Operations Margin %	2.69	3.06	-0.26	-1.49	0.58
Net Income Margin %	2.03	2.35	-0.98	-2.28	-0.68
Net Avail. For Common Margin %	2.03	2.35	-0.98	-2.28	-0.32
Normalized Net Income Margin	2.89	2.72	0.37	0.6	3.66
Levered Free Cash Flow Margin	-	1.04	3.57	4.93	16.83
Unlevered Free Cash Flow Margin	-	1.44	5.22	5.36	17.44
Asset Turnover
Asset Turnover	-	0.74	0.71	0.71	0.64
Fixed Assets Turnover	-	7.1	7.17	7.85	7.84
Receivables Turnover (Average Receivables)	-	10.28	11.42	10.62	10.19
Inventory Turnover (Average Inventory)	-	38.77	38.01	50.27	51.32
Short Term Liquidity
Current Ratio	0.46	0.45	0.41	0.89	0.81
Quick Ratio	0.14	0.13	0.13	0.57	0.35
Operating Cash Flow to Current Liabilities	0.11	0.06	0.07	0.13	0.16
Days Sales Outstanding (Average Receivables)	-	35.5	31.97	34.45	35.82
Days Outstanding Inventory (Average Inventory)	-	9.42	9.6	7.28	7.11
Average Days Payable Outstanding	-	209.58	198.01	180.12	191.69
Cash Conversion Cycle (Average Days)	-	-164.67	-156.44	-138.39	-148.75
Long Term Solvency
Total Debt/Equity	332.47	327.93	385.7	18.67	90.93
Total Debt / Total Capital	76.88	76.63	79.41	15.73	47.63
LT Debt/Equity	24.07	23.46	16.67	11.28	73.78
Long-Term Debt / Total Capital	5.56	5.48	3.43	9.5	38.64
Total Liabilities / Total Assets	87.44	86.22	87.21	46.15	70.31
EBIT / Interest Expense	13.07	10.63	2.64	9.66	8.56
EBITDA / Interest Expense	25.14	20.05	4.94	17.98	14.82
(EBITDA - Capex) / Interest Expense	12.38	11.21	3.1	11.57	10.46
Total Debt / EBITDA	4.4	5.1	5.43	1.19	3.29
Net Debt / EBITDA	4.13	4.73	5.01	0.71	2.47
Total Debt / (EBITDA - Capex)	8.93	9.12	8.64	1.85	4.67
Net Debt / (EBITDA - Capex)	8.39	8.46	7.98	1.11	3.5
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	2.38	3.54	3.63	8.27
Gross Profit, 1 Yr. Growth %	-	1.03	1.42	2.2	20.41
EBITDA, 1 Yr. Growth %	-	5.67	5.64	-2.6	18.11
EBITA, 1 Yr. Growth %	-	5.03	6.81	-0.34	22.48
EBIT, 1 Yr. Growth %	-	6.6	7.18	-1.85	20.5
Earnings From Cont. Operations, 1 Yr. Growth %	-	16.46	-108.7	500	-151.95
Net Income, 1 Yr. Growth %	-	18.49	-143.26	140.98	-68.03
Normalized Net Income, 1 Yr. Growth %	-	-3.83	-85.83	65.95	237.87
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-	143.92	-84.13
Accounts Receivable, 1 Yr. Growth %	-	-14.44	2.23	20.33	5.73
Inventory, 1 Yr. Growth %	-	40.79	-16.82	-25.84	28.79
Net Property, Plant and Equip., 1 Yr. Growth %	-	7.48	-2.05	-8.61	25.86
Total Assets, 1 Yr. Growth %	-	12.06	3.6	5.14	31.21
Tangible Book Value, 1 Yr. Growth %	-	1.62	5.97	-142.23	-337.07
Common Equity, 1 Yr. Growth %	-	26.47	-7.84	435.91	-25.44
Cash From Operations, 1 Yr. Growth %	-	-38.07	23.46	-17.4	71.67
Capital Expenditures, 1 Yr. Growth %	-	-9.19	-10.42	-6.31	5.69
Levered Free Cash Flow, 1 Yr. Growth %	-	-	253.98	3.25	242.89
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	275.29	-15.83	229.39
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	10
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	2.96	3.59	5.67
Gross Profit, 2 Yr. CAGR %	-	-	1.22	1.81	10.93
EBITDA, 2 Yr. CAGR %	-	-	5.65	1.57	11.19
EBITA, 2 Yr. CAGR %	-	-	5.92	3.17	15.89
EBIT, 2 Yr. CAGR %	-	-	6.89	2.57	15.94
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-68.18	-27.77	58.11
Net Income, 2 Yr. CAGR %	-	-	-28.4	2.11	-12.22
Normalized Net Income, 2 Yr. CAGR %	-	-	-63.09	-51.52	231.58
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	-	-39.89
Accounts Receivable, 2 Yr. CAGR %	-	-	-6.48	10.91	12.79
Inventory, 2 Yr. CAGR %	-	-	8.22	-21.46	-2.27
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	2.6	-5.39	7.25
Total Assets, 2 Yr. CAGR %	-	-	7.75	4.37	17.45
Tangible Book Value, 2 Yr. CAGR %	-	-	3.77	-33.1	0.06
Common Equity, 2 Yr. CAGR %	-	-	7.96	122.24	99.89
Cash From Operations, 2 Yr. CAGR %	-	-	-12.56	0.98	19.08
Capital Expenditures, 2 Yr. CAGR %	-	-	-9.8	-8.39	-0.67
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	125.16	94.8
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	99.89	71.78
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	3.19	4.96
Gross Profit, 3 Yr. CAGR %	-	-	-	1.55	7.67
EBITDA, 3 Yr. CAGR %	-	-	-	2.92	9.4
EBITA, 3 Yr. CAGR %	-	-	-	3.79	12.78
EBIT, 3 Yr. CAGR %	-	-	-	3.89	12.94
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-15.3	-39.87
Net Income, 3 Yr. CAGR %	-	-	-	7.3	-30.66
Normalized Net Income, 3 Yr. CAGR %	-	-	-	-39.08	15.91
Accounts Receivable, 3 Yr. CAGR %	-	-	-	1.72	9.15
Inventory, 3 Yr. CAGR %	-	-	-	-4.59	-7.39
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	-1.28	4.05
Total Assets, 3 Yr. CAGR %	-	-	-	6.87	12.64
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-23.1	1.99
Common Equity, 3 Yr. CAGR %	-	-	-	84.17	54.42
Cash From Operations, 3 Yr. CAGR %	-	-	-	-14.21	20.52
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-8.66	-4.03
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	165.11
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	141.06