Cash flow L1 Long Short Fund Limited

Equities

LSF

AU0000002339

Diversified Investment Services

Market Closed - Australian S.E. Other stock markets 11:40:56 11/09/2024 am IST			5-day change	1st Jan Change
2.940 ^AUD	+0.68%		-3.92%	-0.68%

23/08	L1 Long Short Fund Limited Reports Earnings Results for the Full Year Ended June 30, 2024	CI
23/08	L1 Long Short Fund Limited Declares Fully Franked Final Dividend for the Year Ended 30 June 2024, Payable on 1 October 2024	CI

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Published financial data: L1 LONG SHORT FUND LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2024
Interest And Invest. Income (Rev)	46.61M	50.36M	84.11M	85.43M	117M
Other Revenues, Total	27.73M	838M	277M	332M	315M
Total Revenues	74.34M	889M	361M	418M	432M
Gross Profit	74.34M	889M	361M	418M	432M
Selling General & Admin Expenses, Total	16.51M	150M	75.32M	83.13M	86.14M
Other Operating Expenses	2.82M	3.32M	6.05M	3.68M	4.69M
Other Operating Expenses, Total	19.32M	154M	81.38M	86.81M	90.83M
Operating Income	55.02M	735M	280M	331M	341M
Interest Expense, Total	-13.97M	-7.19M	-13.07M	-35.82M	-75.88M
Net Interest Expenses	-13.97M	-7.19M	-13.07M	-35.82M	-75.88M
Currency Exchange Gains (Loss)	-31.35M	27.07M	-40.44M	-21.17M	9.16M
Other Non Operating Income (Expenses)	-20.92M	-17.69M	-21.2M	-21.44M	-20.05M
EBT, Excl. Unusual Items	-11.22M	737M	205M	252M	254M
Gain (Loss) On Sale Of Investments	-23.63M	-12.53M	-21.58M	-28.06M	-27.35M
EBT, Incl. Unusual Items	-34.85M	725M	183M	224M	227M
Income Tax Expense	-13.2M	211M	42.24M	61.04M	56.69M
Earnings From Continuing Operations	-21.65M	514M	141M	163M	170M
Net Income to Company	-21.65M	514M	141M	163M	170M
Net Income - (IS)	-21.65M	514M	141M	163M	170M
Net Income to Common Incl Extra Items	-21.65M	514M	141M	163M	170M
Net Income to Common Excl. Extra Items	-21.65M	514M	141M	163M	170M
Per Share Items
Net EPS - Basic	-0.03	0.83	0.23	0.27	0.27
Basic EPS - Continuing Operations	-0.03	0.83	0.23	0.27	0.27
Basic Weighted Average Shares Outstanding	663M	622M	609M	614M	619M
Net EPS - Diluted	-0.03	0.83	0.23	0.27	0.27
Diluted EPS - Continuing Operations	-0.03	0.83	0.23	0.27	0.27
Diluted Weighted Average Shares Outstanding	663M	622M	609M	614M	619M
Normalized Basic EPS	-0.01	0.74	0.21	0.26	0.26
Normalized Diluted EPS	-0.01	0.74	0.21	0.26	0.26
Dividend Per Share	-	0.04	0.08	0.1	0.12
Payout Ratio	-	1.54	24.98	27.03	31.1
Supplemental Items
EBITA	55.02M	735M	280M	331M	341M
EBIT	55.02M	735M	280M	331M	341M
Total Revenues (As Reported)	-	916M	321M	396M	441M
Effective Tax Rate - (Ratio)	37.88	29.07	23.04	27.21	24.97
Total Current Taxes	-	-	191M	-18.32M	23.54M
Total Deferred Taxes	-	-	-148M	79.36M	41.3M
Normalized Net Income	-7.02M	461M	128M	158M	159M
Supplemental Operating Expense Items
General and Administrative Expenses	16.51M	150M	75.32M	83.13M	86.14M

Fiscal Period: June	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	559M	484M	1.31B	970M	1.01B
Trading Asset Securities, Total	1.8B	3.03B	2.93B	2.79B	3.37B
Total Cash And Short Term Investments	2.36B	3.51B	4.24B	3.76B	4.38B
Accounts Receivable, Total	6.71M	5.12M	4.8M	1.36M	1.4M
Other Receivables	47.51M	38.68M	75.53M	20.09M	27.06M
Total Receivables	54.22M	43.8M	80.32M	21.45M	28.46M
Other Current Assets, Total	11.25M	7.96M	25.12M	114M	68.18M
Total Current Assets	2.43B	3.56B	4.35B	3.9B	4.48B
Deferred Tax Assets Long-Term	83.08M	-	28.91M	-	-
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	2.51B	3.56B	4.37B	3.9B	4.48B
Liabilities
Accrued Expenses, Total	20.45M	119M	62.83M	137M	86.96M
Current Income Taxes Payable	-	10.25M	83.82M	-	-
Other Current Liabilities	1.35B	1.74B	2.54B	1.92B	2.39B
Total Current Liabilities	1.37B	1.87B	2.69B	2.06B	2.48B
Deferred Tax Liability Non Current	-	117M	-	34.72M	76.03M
Total Liabilities	1.37B	1.99B	2.69B	2.09B	2.56B
Common Stock, Total	1.29B	1.22B	1.23B	1.24B	1.26B
Retained Earnings	-146M	358M	457M	562M	663M
Total Common Equity	1.14B	1.57B	1.69B	1.8B	1.92B
Total Equity	1.14B	1.57B	1.69B	1.8B	1.92B
Total Liabilities And Equity	2.51B	3.56B	4.37B	3.9B	4.48B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	649M	607M	611M	617M	622M
ECS Total Common Shares Outstanding	649M	607M	611M	617M	622M
Book Value / Share	1.76	2.6	2.76	2.93	3.09
Tangible Book Value	1.14B	1.57B	1.69B	1.8B	1.92B
Tangible Book Value Per Share	1.76	2.6	2.76	2.93	3.09
Total Debt	0	0	0	0	0
Net Debt	-2.36B	-3.51B	-4.24B	-3.76B	-4.38B
Account Code - Inventory Valuation	3	3	3	-	3

Fiscal Period: June	2020	2021	2022	2023	2024
Net Income	-21.65M	514M	141M	163M	170M
(Gain) Loss on Sale of Investments - (CF)	-27.73M	-838M	-277M	-332M	-315M
Other Operating Activities, Total	-504M	-459M	657M	800M	-245M
Change In Accounts Receivable	11.54M	1.84M	115K	3.56M	-507K
Change In Accounts Payable	-2.28M	67.63M	-63.03M	7.9M	29.52M
Change In Income Taxes	-	10.25M	73.56M	-195M	74.45M
Change In Deferred Taxes	-13.2M	200M	-146M	63.64M	41.31M
Change in Other Net Operating Assets	36K	-86K	-138K	-4K	57K
Cash from Operations	-558M	-503M	386M	511M	-245M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-17.32M	-72.52M	-	-	-
Common Dividends Paid	-	-7.89M	-35.24M	-44.13M	-52.96M
Common & Preferred Stock Dividends Paid	-	-7.89M	-35.24M	-44.13M	-52.96M
Other Financing Activities, Total	76.45M	481M	517M	-787M	328M
Cash from Financing	59.13M	401M	482M	-831M	275M
Foreign Exchange Rate Adjustments	-31.35M	27.07M	-40.44M	-21.17M	9.16M
Net Change in Cash	-530M	-75.32M	827M	-341M	39.28M
Supplemental Items
Cash Interest Paid	14.62M	7.12M	12.53M	35.33M	75.88M
Cash Income Tax Paid (Refund)	-	-	115M	193M	-59.07M
Levered Free Cash Flow	-38.67M	966M	932M	-474M	624M
Unlevered Free Cash Flow	-29.94M	970M	941M	-451M	671M
Change In Net Working Capital	64.33M	-511M	-766M	658M	-458M

Fiscal Period: June	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.34	15.13	4.4	5	5.09
Return on Total Capital	2.96	33.85	10.72	11.85	11.44
Return On Equity %	-1.87	37.88	8.66	9.36	9.14
Return on Common Equity	-1.87	37.88	8.66	9.36	9.14
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	22.21	16.9	20.87	19.91	19.94
EBITA Margin %	74.01	82.73	77.46	79.21	78.97
EBIT Margin %	74.01	82.73	77.46	79.21	78.97
Income From Continuing Operations Margin %	-29.12	57.85	39.08	39.1	39.43
Net Income Margin %	-29.12	57.85	39.08	39.1	39.43
Net Avail. For Common Margin %	-29.12	57.85	39.08	39.1	39.43
Normalized Net Income Margin	-9.44	51.86	35.47	37.77	36.8
Levered Free Cash Flow Margin	-52.02	108.67	258.29	-113.43	144.42
Unlevered Free Cash Flow Margin	-40.28	109.18	260.55	-108.07	155.4
Asset Turnover
Asset Turnover	0.03	0.29	0.09	0.1	0.1
Short Term Liquidity
Current Ratio	1.77	1.91	1.62	1.89	1.81
Quick Ratio	1.76	1.9	1.61	1.84	1.78
Operating Cash Flow to Current Liabilities	-0.41	-0.27	0.14	0.25	-0.1
Long Term Solvency
Total Liabilities / Total Assets	54.61	55.79	61.47	53.72	57.08
EBIT / Interest Expense	3.94	102.26	21.4	9.24	4.5
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	451.99	1.1K	-59.38	15.69	4.12
Gross Profit, 1 Yr. Growth %	451.99	1.1K	-59.38	15.69	4.12
EBITA, 1 Yr. Growth %	-894.7	1.24K	-61.97	18.31	3.98
EBIT, 1 Yr. Growth %	-894.7	1.24K	-61.97	18.31	3.98
Earnings From Cont. Operations, 1 Yr. Growth %	-56.18	-2.48K	-72.56	15.74	4.3
Net Income, 1 Yr. Growth %	-56.18	-2.48K	-72.56	15.74	4.3
Normalized Net Income, 1 Yr. Growth %	-79.95	-6.67K	-72.22	23.17	0.77
Diluted EPS Before Extra, 1 Yr. Growth %	-55.99	-2.63K	-72.01	14.87	3.35
Accounts Receivable, 1 Yr. Growth %	424.63	-23.76	-6.27	-71.62	2.65
Total Assets, 1 Yr. Growth %	-3.63	41.72	22.84	-10.85	14.83
Tangible Book Value, 1 Yr. Growth %	-3.3	38.03	7.06	7.07	6.5
Common Equity, 1 Yr. Growth %	-3.3	38.03	7.06	7.07	6.5
Cash From Operations, 1 Yr. Growth %	549.29	-9.76	-176.64	32.43	-147.9
Levered Free Cash Flow, 1 Yr. Growth %	-149.55	-2.6K	-3.46	-150.81	-231.2
Unlevered Free Cash Flow, 1 Yr. Growth %	-134.89	-3.34K	-3.07	-147.98	-248.15
Dividend Per Share, 1 Yr. Growth %	-	-	88.89	23.53	11.9
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-41.32	712.36	120.36	-31.45	9.38
Gross Profit, 2 Yr. CAGR %	-41.32	712.36	120.36	-31.45	9.38
EBITA, 2 Yr. CAGR %	-41.64	930.56	125.44	-32.92	10.45
EBIT, 2 Yr. CAGR %	-41.64	930.56	125.44	-32.92	10.45
Earnings From Cont. Operations, 2 Yr. CAGR %	-59.08	222.62	155.27	-43.65	9.87
Net Income, 2 Yr. CAGR %	-59.08	222.62	155.27	-43.65	9.87
Normalized Net Income, 2 Yr. CAGR %	-74.8	262.96	327.26	-41.5	11.41
Diluted EPS Before Extra, 2 Yr. CAGR %	-59.01	233.65	166.11	-43.29	8.96
Accounts Receivable, 2 Yr. CAGR %	36.92	100	-15.47	-48.42	-46.02
Total Assets, 2 Yr. CAGR %	-1.83	16.87	31.94	4.65	1.18
Tangible Book Value, 2 Yr. CAGR %	-3.66	15.53	21.56	7.06	6.78
Common Equity, 2 Yr. CAGR %	-3.66	15.53	21.56	7.06	6.78
Cash From Operations, 2 Yr. CAGR %	-34.37	142.06	-16.84	0.74	-20.35
Levered Free Cash Flow, 2 Yr. CAGR %	-	251.76	391	-29.97	-18.21
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	236.26	460.47	-31.8	-15.52
Dividend Per Share, 2 Yr. CAGR %	-	-	-	52.75	17.57
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	60.26	199.27	77.77	-21.38
Gross Profit, 3 Yr. CAGR %	-	60.26	199.27	77.77	-21.38
EBITA, 3 Yr. CAGR %	-	65.72	243.1	81.84	-22.59
EBIT, 3 Yr. CAGR %	-	65.72	243.1	81.84	-22.59
Earnings From Cont. Operations, 3 Yr. CAGR %	-	58.42	41.87	96.1	-30.81
Net Income, 3 Yr. CAGR %	-	58.42	41.87	96.1	-30.81
Normalized Net Income, 3 Yr. CAGR %	-	61	54.11	182.25	-29.87
Diluted EPS Before Extra, 3 Yr. CAGR %	-	62	46.06	101.12	-30.73
Accounts Receivable, 3 Yr. CAGR %	-	12.65	55.35	-41.24	-35.12
Total Assets, 3 Yr. CAGR %	-	10.95	18.82	15.78	7.94
Tangible Book Value, 3 Yr. CAGR %	-	8.61	12.63	16.53	6.88
Common Equity, 3 Yr. CAGR %	-	8.61	12.63	16.53	6.88
Cash From Operations, 3 Yr. CAGR %	-	-27.02	64.98	-2.88	-21.37
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	128.59	130.51	-13.56
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	122.13	147.02	-11.56
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	37.7
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	14.1	100.09
Gross Profit, 5 Yr. CAGR %	-	-	-	14.1	100.09
EBITA, 5 Yr. CAGR %	-	-	-	15.41	118.03
EBIT, 5 Yr. CAGR %	-	-	-	15.41	118.03
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	4.77	28.08
Net Income, 5 Yr. CAGR %	-	-	-	4.77	28.08
Normalized Net Income, 5 Yr. CAGR %	-	-	-	7.39	35.36
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	6.45	29.91
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-17.58	1.78
Total Assets, 5 Yr. CAGR %	-	-	-	8.38	11.42
Tangible Book Value, 5 Yr. CAGR %	-	-	-	7.99	10.26
Common Equity, 5 Yr. CAGR %	-	-	-	7.99	10.26
Cash From Operations, 5 Yr. CAGR %	-	-	-	-16.97	23.29
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	51.54
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	50.89