Cash flow SSP Group plc

Equities

SSPG

GB00BGBN7C04

Restaurants & Bars

Market Closed - London S.E. Other stock markets 09:05:10 12/09/2024 pm IST			5-day change	1st Jan Change
158.40 ^GBX	-1.43%		-2.52%	-32.54%

05/09	Morgan Stanley Downgrades SSP Group to Equalweight, Cuts PT	MT
10/07	FTSE 100 edges up before Powell testifies again	AN

6d9b6a25f20b262864acd1ad38dd.mxUwe7JWbQjLmgqXNQnVMTB7FDXN-sul35PH47lAgu0.6jgCDdwhG36syWTjBWeDXmYcZGKMs46QpaTxuoorr6nJZWcr6ideYrzzYQ

Published financial data: SSP GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2019	2020	2021	2022	2023
Revenues	279.46Cr	143.31Cr	83Cr	218.54Cr	300.97Cr
Total Revenues	279.46Cr	143.31Cr	83Cr	218.54Cr	300.97Cr
Cost of Goods Sold, Total	216.78Cr	109.91Cr	68Cr	159.86Cr	215.16Cr
Gross Profit	63Cr	33Cr	15Cr	59Cr	86Cr
Selling General & Admin Expenses, Total	30Cr	23Cr	14Cr	29Cr	35Cr
Depreciation & Amortization - (IS)	9.83Cr	41Cr	34Cr	27Cr	30Cr
Amortization of Goodwill and Intangible Assets - (IS)	89L	1.06Cr	1.17Cr	1.38Cr	97L
Other Operating Expenses	-	-3L	-1.42Cr	-6.15Cr	-
Other Operating Expenses, Total	41Cr	65Cr	47Cr	51Cr	66Cr
Operating Income	22Cr	-32Cr	-32Cr	7.42Cr	20Cr
Interest Expense, Total	-1.81Cr	-5.26Cr	-6.77Cr	-8.33Cr	-10Cr
Interest And Investment Income	23L	25L	23L	39L	1.15Cr
Net Interest Expenses	-1.58Cr	-5.01Cr	-6.54Cr	-7.94Cr	-9.14Cr
Income (Loss) On Equity Invest.	41L	-24L	23L	66L	5L
Currency Exchange Gains (Loss)	-23L	-3L	3L	-33L	50L
Other Non Operating Income (Expenses)	-80L	-55L	49L	2.96Cr	99L
EBT, Excl. Unusual Items	20Cr	-38Cr	-38Cr	2.77Cr	12Cr
Restructuring Charges	-	-2.27Cr	-2.13Cr	-29L	-86L
Merger & Related Restructuring Charges	-	-6L	-	-	-
Impairment of Goodwill	-	-3.3Cr	-2.64Cr	-	-1.25Cr
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-8.28Cr	-2.44Cr	-1.82Cr	-56L
Other Unusual Items	-	8.85Cr	4.27Cr	1.86Cr	-90L
EBT, Incl. Unusual Items	20Cr	-43Cr	-41Cr	2.52Cr	8.81Cr
Income Tax Expense	4.37Cr	-2.81Cr	-4.89Cr	1.53Cr	3.2Cr
Earnings From Continuing Operations	15Cr	-40Cr	-36Cr	99L	5.61Cr
Net Income to Company	15Cr	-40Cr	-36Cr	99L	5.61Cr
Minority Interest	-2.66Cr	2.27Cr	50L	-2.01Cr	-4.8Cr
Net Income - (IS)	13Cr	-38Cr	-36Cr	-1.02Cr	81L
Net Income to Common Incl Extra Items	13Cr	-38Cr	-36Cr	-1.02Cr	81L
Net Income to Common Excl. Extra Items	13Cr	-38Cr	-36Cr	-1.02Cr	81L
Per Share Items
Net EPS - Basic	0.28	-0.76	-0.51	-0.01	0.01
Basic EPS - Continuing Operations	0.28	-0.76	-0.51	-0.01	0.01
Basic Weighted Average Shares Outstanding	45Cr	49Cr	70Cr	80Cr	80Cr
Net EPS - Diluted	0.28	-0.76	-0.51	-0.01	0.01
Diluted EPS - Continuing Operations	0.28	-0.76	-0.51	-0.01	0.01
Diluted Weighted Average Shares Outstanding	46Cr	49Cr	70Cr	80Cr	81Cr
Normalized Basic EPS	0.21	-0.43	-0.34	-0	0.04
Normalized Diluted EPS	0.21	-0.43	-0.34	-0	0.04
Dividend Per Share	0.12	-	-	-	0.02
Payout Ratio	40.19	-7.15	-	-	-
Supplemental Items
EBITDA	32Cr	-20Cr	-23Cr	17Cr	31Cr
EBITA	22Cr	-31Cr	-32Cr	7.52Cr	20Cr
EBIT	22Cr	-32Cr	-32Cr	7.42Cr	20Cr
EBITDAR	87Cr	-5.39Cr	-13Cr	47Cr	70Cr
Effective Tax Rate - (Ratio)	22.16	6.6	11.89	60.71	36.32
Total Current Taxes	4.63Cr	1L	-16L	1.16Cr	2.31Cr
Total Deferred Taxes	-26L	-2.82Cr	-4.73Cr	37L	89L
Normalized Net Income	9.66Cr	-21Cr	-23Cr	-27.88L	2.94Cr
Interest on Long-Term Debt	-	2.78Cr	2.84Cr	3.79Cr	5.31Cr
Non-Cash Pension Expense	2L	2L	2L	2L	-2L
Supplemental Operating Expense Items
General and Administrative Expenses	-	-	8L	-	-
Net Rental Expense, Total	55Cr	15Cr	9.64Cr	30Cr	40Cr
Imputed Operating Lease Interest Expense	13Cr	4.25Cr	2.33Cr	10Cr	19Cr
Imputed Operating Lease Depreciation	42Cr	11Cr	7.31Cr	20Cr	21Cr
Stock-Based Comp., COGS (Total)	82L	20L	18L	45L	61L
Stock-Based Comp., Other (Total)	-	1L	-	-	2L
Total Stock-Based Compensation	82L	21L	18L	45L	63L

Fiscal Period: September	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	23Cr	18Cr	77Cr	54Cr	30Cr
Total Cash And Short Term Investments	23Cr	18Cr	77Cr	54Cr	30Cr
Accounts Receivable, Total	6.61Cr	1.88Cr	2.72Cr	3.22Cr	4.5Cr
Other Receivables	6.49Cr	7.26Cr	7.61Cr	9.94Cr	8.61Cr
Total Receivables	13Cr	9.14Cr	10Cr	13Cr	13Cr
Inventory	3.87Cr	2.35Cr	2.37Cr	3.7Cr	4.24Cr
Prepaid Expenses	7.52Cr	4.4Cr	3.04Cr	1.19Cr	3.35Cr
Total Current Assets	48Cr	34Cr	93Cr	72Cr	51Cr
Gross Property Plant And Equipment	115.58Cr	248.65Cr	219.18Cr	211.68Cr	237.64Cr
Accumulated Depreciation	-69Cr	-78Cr	-80Cr	-91Cr	-86Cr
Net Property Plant And Equipment	47Cr	170.84Cr	139.16Cr	120.56Cr	151.84Cr
Long-term Investments	1.73Cr	1.22Cr	1.2Cr	1.7Cr	1.62Cr
Goodwill	65Cr	63Cr	58Cr	60Cr	56Cr
Other Intangibles, Total	9.91Cr	11Cr	10Cr	10Cr	12Cr
Deferred Tax Assets Long-Term	2.82Cr	4.98Cr	9.32Cr	8.9Cr	9.1Cr
Other Long-Term Assets, Total	5.43Cr	7.38Cr	6.97Cr	8.55Cr	8.12Cr
Total Assets	179.16Cr	291.93Cr	318.16Cr	282.29Cr	289.82Cr
Liabilities
Accounts Payable, Total	15Cr	9.21Cr	8.48Cr	9.3Cr	12Cr
Accrued Expenses, Total	21Cr	21Cr	28Cr	44Cr	43Cr
Short-term Borrowings	-	12Cr	30Cr	-	-
Current Portion of Long-Term Debt	13Cr	3.43Cr	65L	6.88Cr	1.26Cr
Current Portion of Leases	6L	29Cr	30Cr	22Cr	25Cr
Current Income Taxes Payable	3.09Cr	2.09Cr	2.49Cr	1.85Cr	2.33Cr
Unearned Revenue Current, Total	-	-	53L	35L	34L
Other Current Liabilities	20Cr	11Cr	17Cr	21Cr	22Cr
Total Current Liabilities	72Cr	88Cr	116.58Cr	104.77Cr	105.46Cr
Long-Term Debt	59Cr	72Cr	78Cr	77Cr	68Cr
Long-Term Leases	6L	106.02Cr	87Cr	64Cr	78Cr
Pension & Other Post Retirement Benefits	1.96Cr	1.86Cr	1.49Cr	1.08Cr	1.05Cr
Deferred Tax Liability Non Current	1.37Cr	1.04Cr	95L	69L	1.98Cr
Other Non Current Liabilities	3.4Cr	2.54Cr	2.87Cr	3.73Cr	3.2Cr
Total Liabilities	137.6Cr	271.73Cr	287.09Cr	251.19Cr	257.61Cr
Common Stock, Total	48L	58L	86L	86L	86L
Additional Paid In Capital	46Cr	47Cr	47Cr	47Cr	47Cr
Retained Earnings	-15Cr	-56Cr	-25Cr	-25Cr	-24Cr
Comprehensive Income and Other	1.41Cr	21Cr	89L	-78L	-1.7Cr
Total Common Equity	33Cr	13Cr	24Cr	22Cr	23Cr
Minority Interest	8.76Cr	7.19Cr	7.04Cr	8.6Cr	9.59Cr
Total Equity	42Cr	20Cr	31Cr	31Cr	32Cr
Total Liabilities And Equity	179.16Cr	291.93Cr	318.16Cr	282.29Cr	289.82Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	44Cr	54Cr	80Cr	80Cr	80Cr
ECS Total Common Shares Outstanding	44Cr	54Cr	80Cr	80Cr	80Cr
Book Value / Share	0.74	0.24	0.3	0.28	0.28
Tangible Book Value	-42Cr	-60Cr	-44Cr	-48Cr	-45Cr
Tangible Book Value Per Share	-0.94	-1.12	-0.56	-0.6	-0.57
Total Debt	72Cr	223.07Cr	225.61Cr	169.45Cr	172.41Cr
Net Debt	49Cr	204.57Cr	148.25Cr	115.09Cr	142.08Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	77L	68L	37L	-67L	-12L
Debt Equivalent Oper. Leases	441.44Cr	119.36Cr	77Cr	239.44Cr	317.44Cr
Minority Interest, Total (Incl. Fin. Div)	8.76Cr	7.19Cr	7.04Cr	8.6Cr	9.59Cr
Equity Method Investments, Total	1.73Cr	1.22Cr	1.2Cr	1.7Cr	1.62Cr
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	3.34Cr	1.93Cr	2.01Cr	3.05Cr	3.64Cr
Inventories - Others	53L	42L	36L	65L	60L
Land - (BS)	28Cr	30Cr	30Cr	38Cr	41Cr
Machinery, Total	87Cr	91Cr	89Cr	100.13Cr	103.11Cr
Full Time Employees	40.65T	21.8T	23T	35T	42T
Accumulated Allowance for Doubtful Accounts (Supple)	62L	95L	1.01Cr	1.21Cr	95L

Fiscal Period: September	2019	2020	2021	2022	2023
Net Income	13Cr	-38Cr	-36Cr	-1.02Cr	81L
Depreciation & Amortization - CF	9.83Cr	42Cr	34Cr	27Cr	30Cr
Amortization of Goodwill and Intangible Assets - (CF)	27L	28L	25L	10L	9L
Depreciation & Amortization, Total	10Cr	42Cr	34Cr	27Cr	30Cr
Amortization of Deferred Charges, Total - (CF)	62L	78L	92L	1.28Cr	88L
(Gain) Loss From Sale Of Asset	-	-	37L	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	67L
Asset Writedown & Restructuring Costs	-	11Cr	5.08Cr	1.82Cr	1.81Cr
(Income) Loss On Equity Investments - (CF)	-41L	24L	-23L	-66L	-72L
Stock-Based Compensation (CF)	82L	20L	18L	45L	57L
Other Operating Activities, Total	5.93Cr	-9.45Cr	-5.47Cr	55L	13Cr
Change In Accounts Receivable	-3.04Cr	7.72Cr	76L	-4.59Cr	-1.22Cr
Change In Inventories	-36L	1.55Cr	-2L	-1.33Cr	-53L
Change In Accounts Payable	3.77Cr	-16Cr	13Cr	20Cr	2.24Cr
Cash from Operations	30Cr	24L	13Cr	43Cr	48Cr
Capital Expenditure	-18Cr	-12Cr	-6.57Cr	-15Cr	-22Cr
Cash Acquisitions	-34L	-2.15Cr	-	-14L	-4.12Cr
Divestitures	-	-	-1L	-	-
Sale (Purchase) of Intangible assets	-1.81Cr	-1.73Cr	-89L	-1.36Cr	-2.26Cr
Investment in Marketable and Equity Securities, Total	-30L	-	-	-	-
Other Investing Activities, Total	76L	60L	40L	65L	1.88Cr
Cash from Investing	-19Cr	-15Cr	-7.07Cr	-15Cr	-26Cr
Short Term Debt Issued, Total	-	12Cr	18Cr	86L	-
Long-Term Debt Issued, Total	27Cr	13Cr	2.8Cr	10L	-
Total Debt Issued	27Cr	26Cr	20Cr	96L	-
Short Term Debt Repaid, Total	-	-	-	-	-12L
Long-Term Debt Repaid, Total	-3.52Cr	-27Cr	-6.3Cr	-44Cr	-29Cr
Total Debt Repaid	-3.52Cr	-27Cr	-6.3Cr	-44Cr	-29Cr
Issuance of Common Stock	-	23Cr	47Cr	-	-
Repurchase of Common Stock	-	-17L	-	-	-
Common Dividends Paid	-5.1Cr	-2.68Cr	-	-	-
Common & Preferred Stock Dividends Paid	-5.1Cr	-2.68Cr	-	-	-
Special Dividend Paid	-15Cr	-	-	-	-
Other Financing Activities, Total	-5.79Cr	-7.99Cr	-8.09Cr	-9Cr	-15Cr
Cash from Financing	-2.66Cr	11Cr	53Cr	-52Cr	-44Cr
Foreign Exchange Rate Adjustments	37L	-52L	-52L	1.46Cr	-1.34Cr
Net Change in Cash	8.55Cr	-4.83Cr	59Cr	-23Cr	-24Cr
Supplemental Items
Cash Interest Paid	1.85Cr	4.98Cr	6.33Cr	8.06Cr	11Cr
Cash Income Tax Paid (Refund)	3.71Cr	1.1Cr	-11L	23L	1.96Cr
Levered Free Cash Flow	5.56Cr	-87.38L	16Cr	30Cr	14Cr
Unlevered Free Cash Flow	6.69Cr	2.41Cr	20Cr	35Cr	20Cr
Change In Net Working Capital	-85L	6.92Cr	-13Cr	-18Cr	-8L
Net Debt Issued / Repaid	23Cr	-1.12Cr	14Cr	-43Cr	-29Cr

Fiscal Period: September	2019	2020	2021	2022	2023
Profitability
Return on Assets	8.19	-8.41	-6.64	1.54	4.37
Return on Total Capital	13.14	-11.1	-8.1	2.03	6.16
Return On Equity %	35.13	-128.79	-141.33	3.18	17.72
Return on Common Equity	36.03	-163.72	-192.93	-4.38	3.59
Margin Analysis
Gross Profit Margin %	22.43	23.31	18.05	26.85	28.51
SG&A Margin	10.75	16.08	16.83	13.38	11.55
EBITDA Margin %	11.46	-14.17	-27.63	7.92	10.21
EBITA Margin %	7.94	-21.92	-38.53	3.44	6.67
EBIT Margin %	7.84	-22.11	-38.83	3.4	6.64
Income From Continuing Operations Margin %	5.49	-27.75	-43.43	0.45	1.86
Net Income Margin %	4.54	-26.17	-42.83	-0.47	0.27
Net Avail. For Common Margin %	4.54	-26.17	-42.83	-0.47	0.27
Normalized Net Income Margin	3.46	-14.78	-28.01	-0.13	0.98
Levered Free Cash Flow Margin	1.99	-0.61	19.39	13.66	4.52
Unlevered Free Cash Flow Margin	2.39	1.68	24.46	16.04	6.65
Asset Turnover
Asset Turnover	1.67	0.61	0.27	0.73	1.05
Fixed Assets Turnover	6.67	1.32	0.54	1.68	2.21
Receivables Turnover (Average Receivables)	42.41	33.76	36.27	73.58	77.97
Inventory Turnover (Average Inventory)	58.75	35.34	28.97	52.67	54.2
Short Term Liquidity
Current Ratio	0.67	0.39	0.8	0.69	0.48
Quick Ratio	0.51	0.31	0.75	0.64	0.41
Operating Cash Flow to Current Liabilities