Financial Ratios Carmat SA

Stocks

ALCAR

FR0010907956

Medical Equipment, Supplies & Distribution

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07/01	Carmat, Hoffmann, LDC, Pluxee, Technip Energies... Stocks to Watch Today in Paris
07/01	CARMAT: To Watch Today

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Published financial data: CARMAT SA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	-	22.29L	3L	27.97L	69.69L
Other Revenues, Total	9.33T	8T	1L	10.4L	4L
Total Revenues	9.33T	22.37L	5L	38.37L	73.44L
Cost of Goods Sold, Total	2.01Cr	3.97Cr	3.94Cr	3.93Cr	4.37Cr
Gross Profit	-2.01Cr	-3.74Cr	-3.9Cr	-3.54Cr	-3.63Cr
Selling General & Admin Expenses, Total	1.5Cr	1.22Cr	1.47Cr	2.16Cr	2.09Cr
Depreciation & Amortization - (IS)	9L	13.23L	16.8L	16.94L	20.1L
Other Operating Expenses	4L	13.75L	-34.29L	-62.52L	-1Cr
Other Operating Expenses, Total	1.63Cr	1.49Cr	1.3Cr	1.71Cr	1.29Cr
Operating Income	-3.64Cr	-5.23Cr	-5.19Cr	-5.25Cr	-4.92Cr
Interest Expense, Total	-25.26L	-33.16L	-38.2L	-34.21L	-32.92L
Interest And Investment Income	-	-	-	4L	1L
Net Interest Expenses	-25.26L	-33.16L	-38.2L	-30.48L	-31.71L
Currency Exchange Gains (Loss)	62.26T	-1T	-27T	-25T	-21T
Other Non Operating Income (Expenses)	-1	1T	-1T	-1T	-
EBT, Excl. Unusual Items	-3.89Cr	-5.56Cr	-5.58Cr	-5.56Cr	-5.24Cr
Gain (Loss) On Sale Of Investments	-61.26T	-	-	-	-
Gain (Loss) On Sale Of Assets	1L	-	-	-	-
Asset Writedown	-	-81L	-67T	-3T	-
Other Unusual Items	1L	-11T	94T	30T	-6L
EBT, Incl. Unusual Items	-3.87Cr	-6.37Cr	-5.57Cr	-5.56Cr	-5.31Cr
Income Tax Expense	-17.11L	-18.63L	-20.62L	-16.98L	-16.58L
Earnings From Continuing Operations	-3.7Cr	-6.19Cr	-5.37Cr	-5.39Cr	-5.14Cr
Net Income to Company	-3.7Cr	-6.19Cr	-5.37Cr	-5.39Cr	-5.14Cr
Net Income - (IS)	-3.7Cr	-6.19Cr	-5.37Cr	-5.39Cr	-5.14Cr
Net Income to Common Incl Extra Items	-3.7Cr	-6.19Cr	-5.37Cr	-5.39Cr	-5.14Cr
Net Income to Common Excl. Extra Items	-3.7Cr	-6.19Cr	-5.37Cr	-5.39Cr	-5.14Cr
Per Share Items
Net EPS - Basic	-2.85	-3.97	-2.37	-2.17	-1.15
Basic EPS - Continuing Operations	-2.85	-3.97	-2.37	-2.17	-1.15
Basic Weighted Average Shares Outstanding	1.3Cr	1.56Cr	2.27Cr	2.48Cr	4.47Cr
Net EPS - Diluted	-2.85	-3.97	-2.37	-2.17	-1.15
Diluted EPS - Continuing Operations	-2.85	-3.97	-2.37	-2.17	-1.15
Diluted Weighted Average Shares Outstanding	1.3Cr	1.56Cr	2.27Cr	2.48Cr	4.47Cr
Normalized Basic EPS	-1.87	-2.23	-1.54	-1.4	-0.73
Normalized Diluted EPS	-1.87	-2.23	-1.54	-1.4	-0.73
Supplemental Items
EBITDA	-3.55Cr	-5.1Cr	-5.02Cr	-5.08Cr	-4.72Cr
EBITA	-3.64Cr	-5.22Cr	-5.19Cr	-5.25Cr	-4.92Cr
EBIT	-3.64Cr	-5.23Cr	-5.19Cr	-5.25Cr	-4.92Cr
Total Revenues (As Reported)	1.22Cr	1.67Cr	89.97L	1.86Cr	1.58Cr
Effective Tax Rate - (Ratio)	4.42	2.92	3.7	3.06	3.13
Normalized Net Income	-2.43Cr	-3.48Cr	-3.49Cr	-3.47Cr	-3.28Cr
Non-Cash Pension Expense	1L	-	-	-	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	2.21Cr	1.89Cr	1.49Cr	1.69Cr	1.69Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	3.6Cr	3.92Cr	5.14Cr	80.13L	47.01L
Total Cash And Short Term Investments	3.6Cr	3.92Cr	5.14Cr	80.13L	47.01L
Accounts Receivable, Total	-	5L	1L	13.48L	15.4L
Other Receivables	41.08L	33.65L	35.2L	37.97L	27.1L
Total Receivables	41.08L	38.29L	36.6L	51.45L	42.5L
Inventory	99.02L	1.43Cr	1.74Cr	2.39Cr	1.98Cr
Prepaid Expenses	2L	6L	12.48L	12.22L	10.43L
Other Current Assets, Total	26.76L	36.95L	39.93L	40.7L	25.47L
Total Current Assets	5.29Cr	6.17Cr	7.78Cr	4.24Cr	3.24Cr
Gross Property Plant And Equipment	1.52Cr	1.68Cr	1.77Cr	2.25Cr	2.34Cr
Accumulated Depreciation	-88.29L	-1.01Cr	-1.1Cr	-1.25Cr	-1.4Cr
Net Property Plant And Equipment	64.14L	67.83L	66.99L	1Cr	93.72L
Other Intangibles, Total	17.08T	88T	0	0	73T
Other Long-Term Assets, Total	5L	5L	8L	7L	6L
Total Assets	5.98Cr	6.91Cr	8.52Cr	5.31Cr	4.24Cr
Liabilities
Accounts Payable, Total	80.06L	83.87L	65.26L	96.08L	52.31L
Accrued Expenses, Total	43.02L	48.81L	62.59L	64.15L	71.92L
Current Portion of Long-Term Debt	79.44T	1L	26.41L	1.91Cr	22.93L
Current Income Taxes Payable	1L	5L	1L	1L	2L
Other Current Liabilities	-	-	-	49.08L	43.43L
Total Current Liabilities	1.25Cr	1.39Cr	1.56Cr	4.02Cr	1.92Cr
Long-Term Debt	3.89Cr	5.19Cr	5.27Cr	3.85Cr	5.55Cr
Pension & Other Post Retirement Benefits	5L	5L	3L	5L	4L
Other Non Current Liabilities	80T	18.3L	1L	8L	15.91L
Total Liabilities	5.2Cr	6.81Cr	6.88Cr	8Cr	7.67Cr
Common Stock, Total	5L	6L	9L	10L	17.82L
Additional Paid In Capital	2.97Cr	8.46Cr	6.97Cr	90.38L	4.45Cr
Retained Earnings	-3.7Cr	-9.88Cr	-6.89Cr	-5.51Cr	-9.85Cr
Comprehensive Income and Other	1.46Cr	1.46Cr	1.47Cr	1.81Cr	1.79Cr
Total Common Equity	78.19L	10L	1.65Cr	-2.69Cr	-3.43Cr
Total Equity	78.19L	10L	1.65Cr	-2.69Cr	-3.43Cr
Total Liabilities And Equity	5.98Cr	6.91Cr	8.52Cr	5.31Cr	4.24Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.3Cr	1.56Cr	2.27Cr	2.47Cr	4.25Cr
ECS Total Common Shares Outstanding	1.3Cr	1.56Cr	2.27Cr	2.47Cr	4.25Cr
Book Value / Share	0.6	0.06	0.73	-1.09	-0.81
Tangible Book Value	78.02L	9L	1.65Cr	-2.69Cr	-3.44Cr
Tangible Book Value Per Share	0.6	0.06	0.73	-1.09	-0.81
Total Debt	3.89Cr	5.2Cr	5.54Cr	5.76Cr	5.78Cr
Net Debt	29.56L	1.28Cr	39.31L	4.96Cr	5.31Cr
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	46.47L	46.82L	59.2L	90.91L	73.36L
Inventories - Work In Process, Total	1.18Cr	1.9Cr	1.6Cr	25.62L	1.78Cr
Inventories - Finished Goods, Total	9L	32.46L	61.95L	2.66Cr	67.12L
Machinery, Total	1.26Cr	1.54Cr	1.62Cr	1.38Cr	2.13Cr
Full Time Employees	119	160	179	182	153
Part Time Employees	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-3.7Cr	-6.19Cr	-5.37Cr	-5.39Cr	-5.14Cr
Depreciation & Amortization - CF	9L	12.34L	16.8L	16.94L	19.76L
Amortization of Goodwill and Intangible Assets - (CF)	24.87T	89T	-	-	34T
Depreciation & Amortization, Total	9L	13.23L	16.8L	16.94L	20.1L
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Other Operating Activities, Total	1Cr	1.01Cr	7L	61.42L	10.28L
Change In Accounts Receivable	-	-5L	-	-	-
Change In Inventories	-1.96Cr	-1.06Cr	-	-	-
Change In Accounts Payable	26.6L	4L	-	-	-
Change In Income Taxes	11.58L	8L	-	-	-
Change in Other Net Operating Assets	-12.32L	2L	-30.47L	-74.46L	50.46L
Cash from Operations	-4.3Cr	-6.02Cr	-5.44Cr	-5.35Cr	-4.33Cr
Capital Expenditure	-23.26L	-16.03L	-17.48L	-50.26L	-15.12L
Sale of Property, Plant, and Equipment	-	-	-	-	3T
Sale (Purchase) of Intangible assets	1L	-2L	-	-	-
Investment in Marketable and Equity Securities, Total	-72.02T	13T	-	-	-
Other Investing Activities, Total	-	-	-2L	1L	63T
Cash from Investing	-22.97L	-17.5L	-19.9L	-49.15L	-14.46L
Long-Term Debt Issued, Total	2Cr	1.01Cr	-	-	-
Total Debt Issued	2Cr	1.01Cr	-	-	-
Long-Term Debt Repaid, Total	-	-	-5L	-11L	-8L
Total Debt Repaid	-	-	-5L	-11L	-8L
Issuance of Common Stock	58.08L	5.5Cr	6.91Cr	69.98L	4.19Cr
Other Financing Activities, Total	-	-1T	-1T	90.83L	4L
Cash from Financing	2.58Cr	6.51Cr	6.86Cr	1.5Cr	4.14Cr
Miscellaneous Cash Flow Adjustments	1	-	1T	-1T	-4T
Net Change in Cash	-1.95Cr	32.07L	1.22Cr	-4.34Cr	-33.16L
Supplemental Items
Levered Free Cash Flow	-3.54Cr	-3.95Cr	-3.96Cr	-3.82Cr	-2.97Cr
Unlevered Free Cash Flow	-3.38Cr	-3.74Cr	-3.73Cr	-3.61Cr	-2.77Cr
Change In Net Working Capital	97.35L	42.56L	47.36L	-1L	-25.99L
Net Debt Issued / Repaid	2Cr	1.01Cr	-5L	-11L	-8L

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-36.55	-50.72	-42.06	-47.47	-64.45
Return on Total Capital	-44.56	-65.56	-52	-64.02	-113.55
Return On Equity %	-157.99	-1.41T	-615.82	1.03T	167.84
Return on Common Equity	-157.99	-1.41T	-615.82	1.03T	167.84
Margin Analysis
Gross Profit Margin %	-2L	-1.67T	-8.17T	-923.85	-494.88
SG&A Margin	2L	543.63	3.08T	563.72	284.4
EBITDA Margin %	-4L	-2.28T	-10.53T	-1.32T	-643.11
EBITA Margin %	-4L	-2.33T	-10.89T	-1.37T	-670.02
EBIT Margin %	-4L	-2.34T	-10.89T	-1.37T	-670.48
Income From Continuing Operations Margin %	-4L	-2.77T	-11.25T	-1.4T	-699.82
Net Income Margin %	-4L	-2.77T	-11.25T	-1.4T	-699.82
Net Avail. For Common Margin %	-4L	-2.77T	-11.25T	-1.4T	-699.82
Normalized Net Income Margin	-3L	-1.55T	-7.31T	-905.56	-446.21
Levered Free Cash Flow Margin	-4L	-1.76T	-8.31T	-995.44	-404.9
Unlevered Free Cash Flow Margin	-4L	-1.67T	-7.81T	-939.72	-376.88
Asset Turnover
Asset Turnover	0	0.03	0.01	0.06	0.15
Fixed Assets Turnover	0	0.34	0.07	0.46	0.76
Receivables Turnover (Average Receivables)	-	-	1.14	3.76	4.83
Inventory Turnover (Average Inventory)	-	3.27	2.48	1.9	2
Short Term Liquidity
Current Ratio	4.22	4.43	5	1.05	1.68
Quick Ratio	3.2	3.09	3.54	0.33	0.47
Operating Cash Flow to Current Liabilities	-3.43	-4.32	-3.49	-1.33	-2.25
Days Sales Outstanding (Average Receivables)	-	-	319.51	97.09	75.84
Days Outstanding Inventory (Average Inventory)	-	111.49	147.06	192.23	183.29
Average Days Payable Outstanding	-	67.8	63.99	64.3	68.65
Cash Conversion Cycle (Average Days)	-	-	402.58	225.02	190.48
Long Term Solvency
Total Debt/Equity	498.02	5.43T	335.99	-214.01	-168.49
Total Debt / Total Capital	83.28	98.19	77.06	187.71	246.01
LT Debt/Equity	497.01	5.42T	319.96	-142.94	-161.8
Long-Term Debt / Total Capital	83.11	97.94	73.39	125.37	236.25
Total Liabilities / Total Assets	86.93	98.61	80.67	150.76	180.85
EBIT / Interest Expense	-14.42	-15.77	-13.59	-15.35	-14.96
EBITDA / Interest Expense	-14.05	-15.38	-13.15	-14.86	-14.35
(EBITDA - Capex) / Interest Expense	-14.97	-15.86	-13.61	-16.33	-14.81
Total Debt / EBITDA	-1.1	-1.02	-1.1	-1.13	-1.22
Net Debt / EBITDA	-0.08	-0.25	-0.08	-0.98	-1.12
Total Debt / (EBITDA - Capex)	-1.03	-0.99	-1.06	-1.03	-1.19
Net Debt / (EBITDA - Capex)	-0.08	-0.24	-0.08	-0.89	-1.09
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-33.34	24.76T	-78.68	704.4	91.4
Gross Profit, 1 Yr. Growth %	-29.01	86.51	16.68	12.76	51.55
EBITDA, 1 Yr. Growth %	-13.95	43.71	-14.97	1.16	-7.08
EBITA, 1 Yr. Growth %	-14.17	43.42	-14.05	1.15	-6.31
EBIT, 1 Yr. Growth %	-14.11	43.66	-14.05	1.15	-6.25
Earnings From Cont. Operations, 1 Yr. Growth %	-13.33	67.39	-13.24	0.35	-4.59
Net Income, 1 Yr. Growth %	-13.33	67.39	-13.24	0.35	-4.59
Normalized Net Income, 1 Yr. Growth %	-12.01	43.09	-12.48	-0.32	-5.69
Diluted EPS Before Extra, 1 Yr. Growth %	-15.68	39.79	-40.3	-8.44	-47
Accounts Receivable, 1 Yr. Growth %	-	-	-69.83	862.86	14.24
Inventory, 1 Yr. Growth %	-	44.84	21.57	37.32	-17.25
Net Property, Plant and Equip., 1 Yr. Growth %	25.51	5.75	-1.24	49.63	-5.83
Total Assets, 1 Yr. Growth %	-7.48	15.45	23.39	-37.74	-20.05
Tangible Book Value, 1 Yr. Growth %	-79.97	-88.85	1.79T	-263.49	27.29
Common Equity, 1 Yr. Growth %	-79.94	-87.75	1.62T	-263.49	27.36
Cash From Operations, 1 Yr. Growth %	6.93	39.82	-9.6	-1.65	-19.01
Capital Expenditures, 1 Yr. Growth %	279.3	-31.08	-0.85	187.53	-69.92
Levered Free Cash Flow, 1 Yr. Growth %	27.53	11.59	-10.96	-3.65	-22.15
Unlevered Free Cash Flow, 1 Yr. Growth %	26.94	10.67	-12.24	-3.22	-23.24
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-18.35	1.16T	628.01	30.97	292.38
Gross Profit, 2 Yr. CAGR %	-19.07	15.07	39.29	3.04	7.52
EBITDA, 2 Yr. CAGR %	-7.92	11.2	19	-7.25	-3.04
EBITA, 2 Yr. CAGR %	-7.76	10.99	19.42	-6.76	-2.65
EBIT, 2 Yr. CAGR %	-7.73	11.08	19.42	-6.76	-2.62
Earnings From Cont. Operations, 2 Yr. CAGR %	-5.88	20.45	20.51	-6.69	-2.15
Net Income, 2 Yr. CAGR %	-5.88	20.45	20.51	-6.69	-2.15
Normalized Net Income, 2 Yr. CAGR %	-5.69	12.21	19.77	-6.6	-3.04
Diluted EPS Before Extra, 2 Yr. CAGR %	-20.42	8.38	-8.65	-26.07	-30.34
Accounts Receivable, 2 Yr. CAGR %	-	-	-	70.45	231.66
Inventory, 2 Yr. CAGR %	-	-	32.7	29.21	6.6
Net Property, Plant and Equip., 2 Yr. CAGR %	7.37	15.21	2.2	21.57	18.28
Total Assets, 2 Yr. CAGR %	27.46	3.35	19.35	-12.35	-29.45
Tangible Book Value, 2 Yr. CAGR %	-38.23	-85.05	45.33	456.44	44.45
Common Equity, 2 Yr. CAGR %	-38.3	-84.32	45.17	430.26	44.3
Cash From Operations, 2 Yr. CAGR %	6.17	22.27	12.41	-5.71	-10.75
Capital Expenditures, 2 Yr. CAGR %	3.37	61.69	-13.31	68.84	-7
Levered Free Cash Flow, 2 Yr. CAGR %	14.4	19.29	5.88	-7.38	-13.39
Unlevered Free Cash Flow, 2 Yr. CAGR %	13.05	18.52	5.01	-7.84	-13.81
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-30.66	442.64	224.19	652.63	48.62
Gross Profit, 3 Yr. CAGR %	-2.8	6.9	11.26	20.86	2.87
EBITDA, 3 Yr. CAGR %	5.37	6.81	6.81	12.73	-7.19
EBITA, 3 Yr. CAGR %	5.45	6.88	6.99	12.99	-6.61
EBIT, 3 Yr. CAGR %	5.47	6.94	6.99	12.99	-6.59
Earnings From Cont. Operations, 3 Yr. CAGR %	8.14	14.03	7.97	13.38	-6
Net Income, 3 Yr. CAGR %	8.14	14.03	7.97	13.38	-6
Normalized Net Income, 3 Yr. CAGR %	7.26	8.37	8.07	12.66	-6.3
Diluted EPS Before Extra, 3 Yr. CAGR %	-4.19	-4.09	-11.16	-8.58	-33.83
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	49.17
Inventory, 3 Yr. CAGR %	-	-	-	34.22	11.37
Net Property, Plant and Equip., 3 Yr. CAGR %	15.09	6.83	9.44	16.05	11.38
Total Assets, 3 Yr. CAGR %	-5.03	23.33	9.64	-3.92	-15
Tangible Book Value, 3 Yr. CAGR %	-48.51	-65.09	-24.93	51.15	240.61
Common Equity, 3 Yr. CAGR %	-48.49	-64	-24.95	51.04	229.61
Cash From Operations, 3 Yr. CAGR %	21.02	16.38	10.55	7.51	-10.37
Capital Expenditures, 3 Yr. CAGR %	-12.97	-9.69	41.79	29.28	-4.99
Levered Free Cash Flow, 3 Yr. CAGR %	23.22	13.46	12.65	2.6	-12.59
Unlevered Free Cash Flow, 3 Yr. CAGR %	22.04	12.25	11.86	2.19	-13.29
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-8.24	66.82	76.31	207.31	249.91
Gross Profit, 5 Yr. CAGR %	8.46	16.12	12.25	2.95	5.14
EBITDA, 5 Yr. CAGR %	12.84	16.19	10.62	3.96	2.75
EBITA, 5 Yr. CAGR %	12.98	16.27	10.84	4.19	3.03
EBIT, 5 Yr. CAGR %	12.99	16.31	10.84	4.19	3.04
Earnings From Cont. Operations, 5 Yr. CAGR %	16.07	21.91	12.93	5.24	3.8
Net Income, 5 Yr. CAGR %	16.07	21.91	12.93	5.24	3.8
Normalized Net Income, 5 Yr. CAGR %	13.52	16.68	12.1	4.93	3.48
Diluted EPS Before Extra, 5 Yr. CAGR %	-5.75	0.83	-6.06	-13.57	-19.4
Net Property, Plant and Equip., 5 Yr. CAGR %	59.59	40.63	9.75	12.5	12.9
Total Assets, 5 Yr. CAGR %	47.23	13	4.06	7.58	-8.08
Tangible Book Value, 5 Yr. CAGR %	45.77	-50.3	-22.02	5.67	-2.46
Common Equity, 5 Yr. CAGR %	41	-49.4	-22.04	5.57	-2.52
Cash From Operations, 5 Yr. CAGR %	20.15	23.11	17.5	6.98	1.48
Capital Expenditures, 5 Yr. CAGR %	60.02	48.54	-13.11	18.22	19.78
Levered Free Cash Flow, 5 Yr. CAGR %	20.71	20.46	15.96	7.17	1.41
Unlevered Free Cash Flow, 5 Yr. CAGR %	20.59	20.28	14.92	6.41	0.79