Cash flow Metcash Limited

Equities

MTS

AU000000MTS0

Food Retail & Distribution

Market Closed - Australian S.E. Other stock markets 11:40:52 12/09/2024 am IST			5-day change	1st Jan Change
3.580 ^AUD	+1.42%		+0.28%	+2.58%

12/08	Metcash Limited Announces Board Changes	CI
05/08	Metcash Limited Announces Ordinary Franked Dividend for the Twelve Months Ended April 30, 2024, Payable on August 27, 2024	CI

05ad3ef944f.ih-P18IcNUf6A7-xNfJv1XOMoeBl7EmgJcAkhUr_EY8.3G_khYV6DAO9W8mBQaMYlhHH77IJ2SPqSPJx9yuLfP26cc2ziH5BH5ZVhw

Published financial data: METCASH LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: April	2020	2021	2022	2023	2024
Revenues	13.03B	14.32B	15.16B	15.8B	15.91B
Total Revenues	13.03B	14.32B	15.16B	15.8B	15.91B
Cost of Goods Sold, Total	11.73B	12.87B	13.51B	13.99B	13.99B
Gross Profit	1.29B	1.45B	1.65B	1.81B	1.92B
Selling General & Admin Expenses, Total	724M	796M	891M	973M	1.05B
Provision for Bad Debts	13.2M	14.1M	10.3M	10.2M	4.5M
Depreciation & Amortization - (IS)	157M	164M	176M	175M	192M
Other Operating Expenses	98.8M	121M	145M	185M	215M
Other Operating Expenses, Total	994M	1.1B	1.22B	1.34B	1.46B
Operating Income	297M	355M	428M	468M	458M
Interest Expense, Total	-46.4M	-41.8M	-46.9M	-60.8M	-80.6M
Interest And Investment Income	3.3M	3.9M	3.8M	2.2M	2.6M
Net Interest Expenses	-43.1M	-37.9M	-43.1M	-58.6M	-78M
Income (Loss) On Equity Invest.	5.3M	20.1M	19.2M	19.2M	19.8M
Other Non Operating Income (Expenses)	25.5M	25.5M	18.2M	12.6M	10.6M
EBT, Excl. Unusual Items	285M	363M	423M	441M	410M
Restructuring Charges	-10.5M	-3.5M	-3.6M	-4.3M	-23.2M
Merger & Related Restructuring Charges	-	-6.1M	-1.4M	-1.5M	-12M
Impairment of Goodwill	-226M	-	-	-	-
Gain (Loss) On Sale Of Assets	500K	600K	300K	-	1M
Asset Writedown	-19M	-3.9M	900K	-4.7M	-7.2M
Other Unusual Items	-15.6M	-7.9M	-60.6M	-53.8M	3.3M
EBT, Incl. Unusual Items	14.4M	342M	358M	376M	372M
Income Tax Expense	69.6M	100M	111M	116M	114M
Earnings From Continuing Operations	-55.2M	241M	247M	260M	258M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-55.2M	241M	247M	260M	258M
Minority Interest	-1.6M	-2.4M	-1.7M	-1.3M	-900K
Net Income - (IS)	-56.8M	239M	245M	259M	257M
Net Income to Common Incl Extra Items	-56.8M	239M	245M	259M	257M
Net Income to Common Excl. Extra Items	-56.8M	239M	245M	259M	257M
Per Share Items
Net EPS - Basic	-0.06	0.23	0.25	0.27	0.26
Basic EPS - Continuing Operations	-0.06	0.23	0.25	0.27	0.26
Basic Weighted Average Shares Outstanding	910M	1.02B	983M	966M	997M
Net EPS - Diluted	-0.06	0.23	0.25	0.27	0.26
Diluted EPS - Continuing Operations	-0.06	0.23	0.25	0.27	0.26
Diluted Weighted Average Shares Outstanding	910M	1.03B	986M	969M	1B
Normalized Basic EPS	0.19	0.22	0.27	0.28	0.26
Normalized Diluted EPS	0.19	0.22	0.27	0.28	0.26
Dividend Per Share	0.12	0.18	0.22	0.22	0.2
Payout Ratio	-208.1	62.05	80.89	83.86	57.27
American Depositary Receipts Ratio (ADR)	6	6	6	6	6
Supplemental Items
EBITDA	328M	389M	468M	512M	506M
EBITA	302M	360M	433M	472M	462M
EBIT	297M	355M	428M	468M	458M
EBITDAR	401M	458M	535M	579M	586M
Effective Tax Rate - (Ratio)	483.33	29.37	31.02	30.86	30.58
Total Current Taxes	70.7M	102M	121M	126M	113M
Total Deferred Taxes	200K	-2.3M	-9.9M	-11.2M	100K
Normalized Net Income	176M	224M	262M	274M	255M
Interest on Long-Term Debt	43.1M	45.3M	49.5M	48.3M	49.9M
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	24.6M	27.5M	26M	19.5M	34.3M
Net Rental Expense, Total	73M	69.2M	67.7M	67.2M	80.5M
Imputed Operating Lease Interest Expense	43.01M	21.94M	21.54M	23.24M	35.8M
Imputed Operating Lease Depreciation	29.99M	47.26M	46.16M	43.96M	44.7M
Stock-Based Comp., SG&A Exp. (Total)	3M	8.7M	7.4M	6.5M	5.3M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	3M	8.7M	7.4M	6.5M	5.3M

Fiscal Period: April	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	275M	125M	105M	89.5M	97.3M
Short Term Investments	1.5M	2.8M	-	-	-
Total Cash And Short Term Investments	277M	127M	105M	89.5M	97.3M
Accounts Receivable, Total	1.49B	1.51B	1.64B	1.62B	1.7B
Other Receivables	149M	157M	169M	189M	255M
Total Receivables	1.63B	1.66B	1.8B	1.81B	1.96B
Inventory	1.03B	1.01B	1.13B	1.18B	1.2B
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	11.4M	11M	11.5M	9.6M	10.3M
Total Current Assets	2.95B	2.81B	3.05B	3.09B	3.26B
Gross Property Plant And Equipment	1.04B	1.33B	1.47B	1.65B	1.91B
Accumulated Depreciation	-341M	-477M	-604M	-760M	-921M
Net Property Plant And Equipment	699M	851M	861M	890M	986M
Long-term Investments	77.6M	82.5M	102M	124M	136M
Goodwill	442M	547M	567M	610M	771M
Other Intangibles, Total	140M	182M	232M	285M	290M
Accounts Receivable Long-Term	263M	255M	253M	226M	192M
Deferred Tax Assets Long-Term	120M	126M	140M	152M	152M
Other Long-Term Assets, Total	-	-	-	-	5.5M
Total Assets	4.7B	4.85B	5.2B	5.38B	5.8B
Liabilities
Accounts Payable, Total	2.06B	1.88B	2.09B	2.06B	2.24B
Accrued Expenses, Total	105M	128M	144M	155M	143M
Short-term Borrowings	-	-	45M	168M	49.1M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	173M	147M	148M	148M	164M
Current Income Taxes Payable	1.7M	31.9M	33.8M	11.6M	-
Other Current Liabilities	18.7M	245M	268M	351M	290M
Total Current Liabilities	2.36B	2.43B	2.72B	2.9B	2.89B
Long-Term Debt	188M	-	249M	271M	300M
Long-Term Leases	713M	888M	882M	902M	898M
Pension & Other Post Retirement Benefits	11.5M	11.2M	12.3M	10.2M	13.5M
Other Non Current Liabilities	48.7M	228M	242M	215M	168M
Total Liabilities	3.32B	3.56B	4.11B	4.29B	4.27B
Common Stock, Total	854M	867M	818M	818M	1.24B
Retained Earnings	506M	415M	265M	257M	271M
Comprehensive Income and Other	-2.3M	-1.7M	-3.4M	-1.9M	7M
Total Common Equity	1.36B	1.28B	1.08B	1.07B	1.52B
Minority Interest	14.9M	11.2M	10.5M	11.5M	11.8M
Total Equity	1.37B	1.29B	1.09B	1.09B	1.53B
Total Liabilities And Equity	4.7B	4.85B	5.2B	5.38B	5.8B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.02B	1.02B	966M	966M	1.09B
ECS Total Common Shares Outstanding	1.02B	1.02B	966M	966M	1.09B
Book Value / Share	1.33	1.25	1.12	1.11	1.39
Tangible Book Value	775M	551M	281M	178M	455M
Tangible Book Value Per Share	0.76	0.54	0.29	0.18	0.42
Total Debt	1.07B	1.03B	1.32B	1.49B	1.41B
Net Debt	798M	907M	1.22B	1.4B	1.31B
Debt Equivalent Oper. Leases	584M	554M	542M	538M	644M
Minority Interest, Total (Incl. Fin. Div)	14.9M	11.2M	10.5M	11.5M	11.8M
Equity Method Investments, Total	77.6M	82.5M	102M	124M	136M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	44.8M	44.2M	43.6M	46.6M	42.4M
Machinery, Total	337M	400M	455M	506M	590M
Full Time Employees	6K	7K	8K	8K	9K
Accumulated Allowance for Doubtful Accounts (Supple)	63.5M	56.6M	60.2M	50.4M	47.3M

Fiscal Period: April	2020	2021	2022	2023	2024
Net Income	-56.8M	239M	245M	259M	257M
Depreciation & Amortization - CF	130M	136M	152M	152M	167M
Amortization of Goodwill and Intangible Assets - (CF)	4.7M	4.6M	4.6M	4.6M	4.9M
Depreciation & Amortization, Total	134M	141M	156M	157M	172M
Amortization of Deferred Charges, Total - (CF)	23M	22.8M	19.5M	18.1M	20.3M
Minority Interest in Earnings - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-500K	-600K	-300K	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	260M	-2.4M	-1M	7M	3.2M
(Income) Loss On Equity Investments - (CF)	-	-	-19.2M	-19.2M	-19.8M
Stock-Based Compensation (CF)	3M	8.7M	7.4M	6.5M	4.7M
Provision and Write-off of Bad Debts	13.2M	14.1M	10.3M	10.2M	4.5M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	22.1M	44.4M	81.7M	66.8M	33.1M
Change In Accounts Receivable	-118M	-30.7M	-154M	-1.5M	-116M
Change In Inventories	-256M	37.6M	-122M	-66.4M	14.7M
Change In Accounts Payable	105M	-19.8M	215M	-29.7M	127M
Change In Income Taxes	-12.5M	21.5M	-6M	-35M	-17.9M
Change In Deferred Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	118M	476M	432M	373M	483M
Capital Expenditure	-61.5M	-85.6M	-122M	-152M	-136M
Sale of Property, Plant, and Equipment	-	-	2.4M	300K	12.9M
Cash Acquisitions	-29.7M	-143M	-44.4M	-55.9M	-206M
Divestitures	5.4M	600K	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-11M	-4.5M	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	4.2M	12.1M	10.3M	12.6M	200K
Other Investing Activities, Total	45.2M	44.3M	42.7M	43M	40.5M
Cash from Investing	-36.4M	-172M	-122M	-157M	-288M
Long-Term Debt Issued, Total	9.3M	-	6.79B	4.5B	6.32B
Total Debt Issued	9.3M	-	6.79B	4.5B	6.32B
Long-Term Debt Repaid, Total	-130M	-313M	-6.64B	-4.48B	-6.57B
Total Debt Repaid	-130M	-313M	-6.64B	-4.48B	-6.57B
Issuance of Common Stock	300M	13.5M	-	-	352M
Repurchase of Common Stock	-3.3M	-5.2M	-209M	-16.2M	-
Common Dividends Paid	-118M	-148M	-198M	-217M	-147M
Common & Preferred Stock Dividends Paid	-118M	-148M	-198M	-217M	-147M
Other Financing Activities, Total	-6.7M	-1.4M	-67.6M	-22.2M	-148M
Cash from Financing	51.4M	-454M	-330M	-231M	-187M
Net Change in Cash	132M	-150M	-19.9M	-15.2M	7.8M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	82.1M	78.9M	117M	152M	132M
Levered Free Cash Flow	-60.84M	376M	294M	272M	229M
Unlevered Free Cash Flow	-31.84M	402M	323M	310M	279M
Change In Net Working Capital	316M	-93.4M	5.8M	12M	68.1M
Net Debt Issued / Repaid	-120M	-313M	144M	24.3M	-244M

Fiscal Period: April	2020	2021	2022	2023	2024
Profitability
Return on Assets	4.44	4.65	5.33	5.52	5.12
Return on Total Capital	9.56	9.3	11.29	11.72	10.37
Return On Equity %	-4.21	18.13	20.75	23.93	19.75
Return on Common Equity	-4.37	18.13	20.8	24.05	19.86
Margin Analysis
Gross Profit Margin %	9.91	10.13	10.89	11.46	12.06
SG&A Margin	5.56	5.56	5.88	6.16	6.6
EBITDA Margin %	2.52	2.72	3.08	3.24	3.18
EBITA Margin %	2.32	2.51	2.85	2.99	2.91
EBIT Margin %	2.28	2.48	2.82	2.96	2.88
Income From Continuing Operations Margin %	-0.42	1.69	1.63	1.65	1.62
Net Income Margin %	-0.44	1.67	1.62	1.64	1.62
Net Avail. For Common Margin %	-0.44	1.67	1.62	1.64	1.62
Normalized Net Income Margin	1.35	1.57	1.73	1.74	1.6
Levered Free Cash Flow Margin	-0.47	2.63	1.94	1.72	1.44
Unlevered Free Cash Flow Margin	-0.24	2.81	2.13	1.96	1.75
Asset Turnover
Asset Turnover	3.12	3	3.02	2.99	2.85
Fixed Assets Turnover	28.16	18.47	17.72	18.04	16.96
Receivables Turnover (Average Receivables)	9.19	9.57	9.65	9.71	9.58
Inventory Turnover (Average Inventory)	12.96