Balance Sheet Edita Food Industries Company (S.A.E)

Equities

EFID

EGS305I1C011

Food Processing

End-of-day quote Egyptian Exchange Other stock markets 19/09/2024			5-day change	1st Jan Change
28.14 ^EGP	-0.35%		-2.05%	-9.75%

14/08	Earnings Flash (EFID.L) EDITA FOOD INDUSTRIES Reports H1 Revenue EGP8M	MT
13/08	Edita Food Industries Company (S.A.E) Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI

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Published financial data: EDITA FOOD INDUSTRIES COMPANY (S.A.E)

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	4.03B	4.02B	5.25B	7.67B	12.13B
Total Revenues	4.03B	4.02B	5.25B	7.67B	12.13B
Cost of Goods Sold, Total	2.59B	2.62B	3.56B	5.04B	8.16B
Gross Profit	1.44B	1.4B	1.69B	2.63B	3.96B
Selling General & Admin Expenses, Total	862M	971M	1.02B	1.32B	1.86B
Other Operating Expenses	30.72M	41.58M	37.04M	39.35M	30.58M
Other Operating Expenses, Total	893M	1.01B	1.06B	1.36B	1.89B
Operating Income	547M	389M	631M	1.27B	2.07B
Interest Expense, Total	-103M	-94.69M	-83.48M	-111M	-212M
Interest And Investment Income	63.89M	74.34M	77.08M	112M	214M
Net Interest Expenses	-38.87M	-20.35M	-6.4M	1.04M	1.7M
Income (Loss) On Equity Invest.	-	-	-5.83M	-5.01M	-
Currency Exchange Gains (Loss)	29.88M	-260K	7.1M	34.99M	44.12M
Other Non Operating Income (Expenses)	11.66M	80.56M	40.27M	230K	37.69M
EBT, Excl. Unusual Items	549M	449M	666M	1.31B	2.15B
Gain (Loss) On Sale Of Investments	-	-	8.51M	9.64M	-
Gain (Loss) On Sale Of Assets	7.31M	3.26M	17.85M	16.65M	4.77M
Asset Writedown	-16.59M	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	540M	452M	692M	1.33B	2.16B
Income Tax Expense	131M	107M	163M	311M	544M
Earnings From Continuing Operations	409M	345M	529M	1.02B	1.61B
Net Income to Company	409M	345M	529M	1.02B	1.61B
Minority Interest	763K	2.62M	-130K	5.35M	18.28M
Net Income - (IS)	410M	348M	529M	1.03B	1.63B
Preferred Dividend and Other Adjustments	47.01M	42.66M	-	71.8M	56.8M
Net Income to Common Incl Extra Items	363M	305M	529M	954M	1.57B
Net Income to Common Excl. Extra Items	363M	305M	529M	954M	1.57B
Per Share Items
Net EPS - Basic	0.5	0.42	0.73	1.35	2.25
Basic EPS - Continuing Operations	0.5	0.42	0.73	1.35	2.25
Basic Weighted Average Shares Outstanding	725M	724M	723M	707M	701M
Net EPS - Diluted	0.5	0.42	0.73	1.35	2.25
Diluted EPS - Continuing Operations	0.5	0.42	0.73	1.35	2.25
Diluted Weighted Average Shares Outstanding	725M	724M	723M	707M	701M
Normalized Basic EPS	0.47	0.39	0.58	1.16	1.94
Normalized Diluted EPS	0.47	0.39	0.58	1.16	1.94
Dividend Per Share	0.2	0.21	0.28	0.57	0.86
Payout Ratio	36.85	41.72	29.53	19.5	42.88
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	696M	570M	811M	1.48B	2.33B
EBITA	547M	389M	631M	1.27B	2.07B
EBIT	547M	389M	631M	1.27B	2.07B
EBITDAR	773M	638M	885M	-	-
Effective Tax Rate - (Ratio)	24.19	23.66	23.61	23.38	25.22
Total Current Taxes	121M	102M	132M	308M	507M
Total Deferred Taxes	9.63M	4.89M	31.77M	3.22M	36.7M
Normalized Net Income	344M	283M	416M	821M	1.36B
Interest Capitalized	-	-	-	2M	-
Interest on Long-Term Debt	-	-	8.54M	11.51M	16.11M
Non-Cash Pension Expense	993K	1.65M	2.92M	3.74M	5.01M
Supplemental Operating Expense Items
Advertising Expense	246M	241M	-	364M	497M
Marketing Expenses	-	-	288M	-	-
Selling and Marketing Expenses	584M	664M	698M	846M	1.1B
General and Administrative Expenses	278M	307M	323M	462M	745M
Net Rental Expense, Total	77.29M	67.89M	73.7M	-	-
Imputed Operating Lease Interest Expense	68.1M	46.43M	41.49M	-	-
Imputed Operating Lease Depreciation	9.18M	21.47M	32.21M	-	-
Maintenance & Repair Expenses, Total	42.77M	40.76M	49.58M	60.72M	91.16M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	154M	218M	160M	494M	1.01B
Short Term Investments	548M	499M	770M	895M	346M
Trading Asset Securities, Total	-	-	76.4M	-	-
Total Cash And Short Term Investments	702M	718M	1.01B	1.39B	1.36B
Accounts Receivable, Total	52.23M	26.28M	26.16M	71.46M	102M
Other Receivables	16.44M	-	26.66M	74.92M	100M
Notes Receivable	744K	8.07M	366K	8.58M	4.14M
Total Receivables	69.42M	34.35M	53.18M	155M	206M
Inventory	295M	315M	526M	981M	1.87B
Prepaid Expenses	15.4M	20.75M	43.6M	15.41M	45.62M
Other Current Assets, Total	119M	107M	122M	375M	512M
Total Current Assets	1.2B	1.2B	1.75B	2.92B	3.99B
Gross Property Plant And Equipment	2.8B	3.39B	3.43B	3.96B	5.05B
Accumulated Depreciation	-808M	-972M	-1.13B	-1.31B	-1.56B
Net Property Plant And Equipment	1.99B	2.42B	2.29B	2.65B	3.49B
Goodwill	-	-	-	41.96M	81.4M
Other Intangibles, Total	168M	167M	181M	187M	182M
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	3.36B	3.78B	4.22B	5.79B	7.74B
Liabilities
Accounts Payable, Total	204M	196M	288M	528M	801M
Accrued Expenses, Total	142M	161M	129M	217M	219M
Short-term Borrowings	249M	147M	443M	566M	693M
Current Portion of Long-Term Debt	186M	196M	197M	245M	298M
Current Portion of Leases	-	7.52M	8.69M	12.86M	10.82M
Current Income Taxes Payable	63.19M	29.9M	30.58M	199M	389M
Unearned Revenue Current, Total	5.18M	12.61M	18.16M	32.04M	22.95M
Other Current Liabilities	44.3M	187M	116M	185M	288M
Total Current Liabilities	893M	937M	1.23B	1.98B	2.72B
Long-Term Debt	606M	743M	588M	739M	1.13B
Long-Term Leases	-	81.55M	55.13M	105M	133M
Unearned Revenue Non Current	-	9.27M	9.9M	16.91M	17.22M
Pension & Other Post Retirement Benefits	11.6M	20.16M	24.1M	33.4M	55.14M
Deferred Tax Liability Non Current	168M	172M	206M	195M	240M
Total Liabilities	1.68B	1.96B	2.11B	3.07B	4.3B
Common Stock, Total	145M	145M	145M	145M	140M
Retained Earnings	1.54B	1.69B	2B	2.77B	3.32B
Treasury Stock	-	-22.56M	-	-161M	-
Comprehensive Income and Other	-32.33M	-30.14M	-30.57M	-74.57M	-83.36M
Total Common Equity	1.65B	1.78B	2.11B	2.68B	3.37B
Minority Interest	36.42M	36.2M	690K	41M	74.2M
Total Equity	1.69B	1.82B	2.11B	2.72B	3.45B
Total Liabilities And Equity	3.36B	3.78B	4.22B	5.79B	7.74B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	725M	723M	723M	707M	700M
ECS Total Common Shares Outstanding	725M	723M	723M	707M	700M
Book Value / Share	2.27	2.46	2.92	3.78	4.82
Tangible Book Value	1.48B	1.61B	1.93B	2.45B	3.11B
Tangible Book Value Per Share	2.04	2.23	2.67	3.46	4.44
Total Debt	1.04B	1.18B	1.29B	1.67B	2.26B
Net Debt	338M	458M	285M	279M	907M
Debt Equivalent of Unfunded Proj. Benefit Obligation	11.6M	20.16M	24.1M	33.4M	55.14M
Debt Equivalent Oper. Leases	618M	543M	590M	-	-
Minority Interest, Total (Incl. Fin. Div)	36.42M	36.2M	690K	41M	74.2M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	203M	210M	417M	841M	1.62B
Inventories - Work In Process, Total	11.42M	13.09M	18.83M	25.05M	55.15M
Inventories - Finished Goods, Total	40.89M	52.03M	50.03M	70.09M	131M
Inventories - Others	43.06M	43.23M	44.62M	53.03M	74.76M
Land - (BS)	121M	121M	121M	107M	149M
Buildings, Total	939M	972M	977M	1.12B	1.28B
Machinery, Total	1.64B	1.9B	2.11B	2.59B	3.14B
Full Time Employees	-	-	287	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	20.56K	20.56K	20.56K	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	410M	348M	529M	1.03B	1.63B
Depreciation & Amortization - CF	149M	191M	193M	223M	277M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	149M	191M	193M	223M	277M
Amortization of Deferred Charges, Total - (CF)	2.37M	2.63M	2.49M	6.03M	7.55M
(Gain) Loss From Sale Of Asset	-7.31M	-3.26M	-17.85M	-16.65M	-4.77M
(Gain) Loss on Sale of Investments - (CF)	-	-	-8.51M	-9.64M	-
Asset Writedown & Restructuring Costs	16.59M	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	5.83M	5.01M	-
Other Operating Activities, Total	-3.9M	-77.67M	-36.83M	84.39M	48.67M
Change In Accounts Receivable	-76.01M	41.85M	-99.46M	-297M	-226M
Change In Inventories	-5.29M	-19.54M	-213M	-445M	-890M
Change In Accounts Payable	76.13M	-35.13M	85.72M	346M	329M
Change in Other Net Operating Assets	-52.08M	-47.09M	-57.16M	-58.65M	-104M
Cash from Operations	510M	400M	383M	864M	1.07B
Capital Expenditure	-277M	-400M	-216M	-430M	-572M
Sale of Property, Plant, and Equipment	8.83M	4.17M	20.08M	53.92M	6.04M
Cash Acquisitions	10.85M	-	-	-	-259M
Sale (Purchase) of Intangible assets	-729K	-907K	-15.5M	-	-2.33M
Investment in Marketable and Equity Securities, Total	-319M	139M	-365M	-61.85M	543M
Other Investing Activities, Total	47.97M	82.57M	60.91M	113M	216M
Cash from Investing	-529M	-175M	-516M	-325M	-68.29M
Long-Term Debt Issued, Total	380M	362M	159M	275M	1.17B
Total Debt Issued	380M	362M	159M	275M	1.17B
Long-Term Debt Repaid, Total	-276M	-215M	-233M	-235M	-966M
Total Debt Repaid	-276M	-215M	-233M	-235M	-966M
Repurchase of Common Stock	-	-22.56M	-	-161M	-105M
Common Dividends Paid	-151M	-145M	-156M	-200M	-700M
Common & Preferred Stock Dividends Paid	-151M	-145M	-156M	-200M	-700M
Other Financing Activities, Total	-17.6M	-	-12.61M	14.99M	24.8M
Cash from Financing	-65.02M	-20.35M	-243M	-305M	-580M
Foreign Exchange Rate Adjustments	-1.76M	-2.41M	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	1	-
Net Change in Cash	-86.05M	203M	-376M	234M	420M
Supplemental Items
Cash Interest Paid	103M	80.7M	86.02M	104M	157M
Cash Income Tax Paid (Refund)	62.45M	133M	128M	132M	330M
Levered Free Cash Flow	164M	127M	25.69M	324M	327M
Unlevered Free Cash Flow	228M	186M	77.87M	394M	459M
Change In Net Working Capital	-12.21M	-150M	280M	202M	544M
Net Debt Issued / Repaid	104M	147M	-73.99M	40.79M	201M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	11.02	6.8	10.08	15.91	19.11
Return on Total Capital	13.58	8.5	12.59	20.45	25.62
Return On Equity %	25.85	19.71	27.18	42.26	52.34
Return on Common Equity	23.38	17.79	27.19	39.85	52.07
Margin Analysis
Gross Profit Margin %	35.76	34.86	32.17	34.33	32.69
SG&A Margin	21.41	24.16	19.46	17.2	15.37
EBITDA Margin %	17.29	14.17	15.44	19.32	19.17
EBITA Margin %	13.58	9.67	12.01	16.61	17.06
EBIT Margin %	13.58	9.67	12.01	16.61	17.06
Income From Continuing Operations Margin %	10.17	8.58	10.07	13.3	13.31
Net Income Margin %	10.19	8.65	10.07	13.37	13.46
Net Avail. For Common Margin %	9.02	7.59	10.07	12.43	12.99
Normalized Net Income Margin	8.55	7.04	7.92	10.71	11.25
Levered Free Cash Flow Margin	4.06	3.15	0.49	4.23	2.7
Unlevered Free Cash Flow Margin	5.66	4.62	1.48	5.13	3.79
Asset Turnover
Asset Turnover	1.3	1.13	1.34	1.53	1.79
Fixed Assets Turnover	2.08	1.82	2.29	3.15	3.95
Receivables Turnover (Average Receivables)	82.44	102.44	232.92	157.17	140.11
Inventory Turnover (Average Inventory)	8.85	8.58	8.46	6.68	5.73
Short Term Liquidity
Current Ratio