Cash flow Surface Transforms Plc

Stocks

SCE

GB0002892528

Auto, Truck & Motorcycle Parts

Delayed London S.E. Other stock markets 06:05:00 12/03/2026 pm IST			5-day change	1st Jan Change
0.1150 ^GBX	-.--%		+2.68%	-92.92%

25/05	Surface Transforms plc Concludes Sale of All Operating Business	MT
23/05	Surface Transforms enters asset sale transaction agreement	AN

ea9d.o4P_nkhqiVpE91dL9o_opxU7hG7y34wRJP6FQFvzb6E.6c6YzB0o4h0lhQ8DuNmN41Jt7hy0ublTFrjBNBilG8DttZzWcCjkCXSWZw

Published financial data: SURFACE TRANSFORMS PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	19.52L	23.69L	51.21L	73.12L	82.43L
Total Revenues	19.52L	23.69L	51.21L	73.12L	82.43L
Cost of Goods Sold, Total	6L	8L	20.39L	31.37L	41.37L
Gross Profit	13.1L	15.48L	30.82L	41.75L	41.06L
Selling General & Admin Expenses, Total	18.88L	24.32L	33.65L	54.39L	60.5L
R&D Expenses	24.68L	34.05L	56.25L	96.76L	1.54Cr
Other Operating Expenses	-	-19T	-36T	-16T	-5L
Other Operating Expenses, Total	43.56L	58.18L	89.54L	1.51Cr	2.1Cr
Operating Income	-30.46L	-42.7L	-58.72L	-1.09Cr	-1.69Cr
Interest Expense, Total	-1L	-1L	-2L	-2L	-7L
Interest And Investment Income	-	-	6T	5T	1L
Net Interest Expenses	-1L	-1L	-2L	-2L	-5L
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	-31.57L	-44.04L	-60.46L	-1.11Cr	-1.74Cr
Restructuring Charges	-	-	-	-4L	-
Asset Writedown	-	-	-	-92.38L	-64.88L
Other Unusual Items	2L	-2L	-	-	-
EBT, Incl. Unusual Items	-29.17L	-45.79L	-60.46L	-2.07Cr	-2.39Cr
Income Tax Expense	-6L	-6L	-12.64L	-11.63L	-15.37L
Earnings From Continuing Operations	-23.03L	-39.52L	-47.82L	-1.96Cr	-2.23Cr
Net Income to Company	-23.03L	-39.52L	-47.82L	-1.96Cr	-2.23Cr
Net Income - (IS)	-23.03L	-39.52L	-47.82L	-1.96Cr	-2.23Cr
Preferred Dividend and Other Adjustments	-1.57T	-	-1.64T	-	-
Net Income to Common Incl Extra Items	-23.01L	-39.52L	-47.8L	-1.96Cr	-2.23Cr
Net Income to Common Excl. Extra Items	-23.01L	-39.52L	-47.8L	-1.96Cr	-2.23Cr
Per Share Items
Net EPS - Basic	-0.02	-0.02	-0.02	-0.08	-0.02
Basic EPS - Continuing Operations	-0.02	-0.02	-0.02	-0.08	-0.02
Basic Weighted Average Shares Outstanding	15Cr	19Cr	20Cr	25Cr	97Cr
Net EPS - Diluted	-0.02	-0.02	-0.02	-0.08	-0.02
Diluted EPS - Continuing Operations	-0.02	-0.02	-0.02	-0.08	-0.02
Diluted Weighted Average Shares Outstanding	15Cr	19Cr	20Cr	25Cr	97Cr
Normalized Basic EPS	-0.01	-0.01	-0.02	-0.03	-0.01
Normalized Diluted EPS	-0.01	-0.01	-0.02	-0.03	-0.01
Supplemental Items
EBITDA	-27.07L	-38.01L	-51.75L	-99.24L	-1.5Cr
EBITA	-30.46L	-42.68L	-58.72L	-1.09Cr	-1.69Cr
EBIT	-30.46L	-42.7L	-58.72L	-1.09Cr	-1.69Cr
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	21.05	13.69	20.91	5.61	6.43
Total Current Taxes	-	-6L	-12.05L	-11.96L	-13.31L
Normalized Net Income	-19.73L	-27.52L	-37.79L	-69.34L	-1.09Cr
Interest on Long-Term Debt	82T	86T	99T	1L	2L
Supplemental Operating Expense Items
General and Administrative Expenses	18.88L	24.32L	33.65L	54.39L	60.5L
Research And Development Expense From Footnotes	30.68L	41.05L	69.25L	96.76L	1.54Cr
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	1L	96T	2L	2L	73T
Total Stock-Based Compensation	1L	96T	2L	2L	73T

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	10.58L	1.3Cr	1.49Cr	60.64L	5L
Total Cash And Short Term Investments	10.58L	1.3Cr	1.49Cr	60.64L	5L
Accounts Receivable, Total	2L	6L	19.7L	30.44L	20.56L
Other Receivables	6L	9L	20.43L	14.18L	27.9L
Total Receivables	8L	15.19L	40.13L	44.62L	48.46L
Inventory	6L	13.38L	33.76L	44.69L	53.76L
Prepaid Expenses	2L	6L	4L	9L	5L
Other Current Assets, Total	-	-	-1T	-	-
Total Current Assets	27.11L	1.64Cr	2.28Cr	1.59Cr	1.12Cr
Gross Property Plant And Equipment	79.14L	1.23Cr	1.89Cr	2.09Cr	3.07Cr
Accumulated Depreciation	-22.88L	-28.56L	-37.21L	-48.78L	-1.69Cr
Net Property Plant And Equipment	56.26L	94.03L	1.52Cr	1.6Cr	1.38Cr
Other Intangibles, Total	1L	1L	2L	-	34T
Accounts Receivable Long-Term	-	-	-	-	4L
Deferred Charges Long-Term	1L	4L	20.66L	-	-
Other Long-Term Assets, Total	-	-	2T	-	-
Total Assets	86.15L	2.64Cr	4.02Cr	3.2Cr	2.55Cr
Liabilities
Accounts Payable, Total	6L	13.45L	20.31L	38.58L	35.84L
Accrued Expenses, Total	3L	5L	14.04L	8L	9L
Current Portion of Long-Term Debt	75T	3L	2L	2L	52.14L
Current Portion of Leases	2L	3L	3L	4L	4L
Current Income Taxes Payable	57T	1L	2L	4L	8L
Unearned Revenue Current, Total	-	21T	55T	6L	22.58L
Total Current Liabilities	12.19L	25.94L	42.16L	62.17L	1.31Cr
Long-Term Debt	2L	8L	9L	4L	2L
Long-Term Leases	13.68L	18.63L	13.35L	14.29L	16.48L
Unearned Revenue Non Current	2L	2L	2L	2L	2L
Total Liabilities	29.37L	54.82L	66.26L	82.24L	1.51Cr
Common Stock, Total	15.49L	19.52L	24.06L	35.21L	1.3Cr
Additional Paid In Capital	2.28Cr	4.14Cr	5.82Cr	6.74Cr	6.68Cr
Retained Earnings	-1.91Cr	-2.3Cr	-2.75Cr	-4.76Cr	-7Cr
Comprehensive Income and Other	5L	5L	5L	5L	5L
Total Common Equity	56.78L	2.09Cr	3.36Cr	2.37Cr	1.03Cr
Total Equity	56.78L	2.09Cr	3.36Cr	2.37Cr	1.03Cr
Total Liabilities And Equity	86.15L	2.64Cr	4.02Cr	3.2Cr	2.55Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	15Cr	20Cr	24Cr	35Cr	130.21Cr
ECS Total Common Shares Outstanding	15Cr	20Cr	24Cr	35Cr	130.21Cr
Book Value / Share	0.04	0.11	0.14	0.07	0.01
Tangible Book Value	55.41L	2.08Cr	3.34Cr	2.37Cr	1.03Cr
Tangible Book Value Per Share	0.04	0.11	0.14	0.07	0.01
Total Debt	18.17L	32.92L	27.28L	24.01L	74.45L
Net Debt	8L	-96.74L	-1.22Cr	-36.63L	69.83L
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	3L	8L	21.17L	22.85L	18.8L
Inventories - Work In Process, Total	1L	3L	5L	11.87L	18.64L
Inventories - Finished Goods, Total	1L	3L	8L	10L	16.32L
Machinery, Total	40.25L	44.58L	86.62L	1.17Cr	1.34Cr
Full Time Employees	48	65	96	147	170
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	55T	24T
Order Backlog	4.3Cr	12Cr	29Cr	39Cr	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-23.03L	-39.52L	-47.82L	-1.96Cr	-2.23Cr
Depreciation & Amortization - CF	4L	6L	9L	11.89L	20.81L
Amortization of Goodwill and Intangible Assets - (CF)	-	2T	-	-	-
Depreciation & Amortization, Total	4L	6L	9L	11.89L	20.81L
Amortization of Deferred Charges, Total - (CF)	61T	68T	1L	73T	10T
(Gain) Loss From Sale Of Asset	-	6T	-	6T	-
Asset Writedown & Restructuring Costs	-	-	-	92.38L	64.88L
Stock-Based Compensation (CF)	1L	96T	2L	2L	14T
Other Operating Activities, Total	-2L	1L	-7L	2L	4L
Change In Accounts Receivable	5L	-10L	-18.05L	-11.86L	-5L
Change In Inventories	4L	-8L	-20.38L	-10.93L	-9L
Change In Accounts Payable	-1L	10.7L	17.2L	6L	7L
Cash from Operations	-10.12L	-37.26L	-64.58L	-1.03Cr	-1.4Cr
Capital Expenditure	-6L	-39.49L	-83.51L	-47.69L	-42.53L
Sale of Property, Plant, and Equipment	-	2T	-	-	10T
Sale (Purchase) of Intangible assets	-	-	-	-32.79L	-59T
Investment in Marketable and Equity Securities, Total	-	-	30.07L	-	-
Other Investing Activities, Total	-	-	7T	5T	1L
Cash from Investing	-6L	-39.47L	-53.37L	-80.43L	-41.54L
Long-Term Debt Issued, Total	-	10L	-	-	49.5L
Total Debt Issued	-	10L	-	-	49.5L
Long-Term Debt Repaid, Total	-2L	-3L	-6L	-6L	-8L
Total Debt Repaid	-2L	-3L	-6L	-6L	-8L
Issuance of Common Stock	24.32L	2Cr	1.81Cr	1.12Cr	95L
Other Financing Activities, Total	-3L	-11.05L	-10.08L	-11.01L	-10.9L
Cash from Financing	19.61L	1.96Cr	1.64Cr	94.98L	1.26Cr
Foreign Exchange Rate Adjustments	-18T	-24T	3L	-54T	-22T
Miscellaneous Cash Flow Adjustments	-	-	-2T	-	-
Net Change in Cash	3L	1.19Cr	49.65L	-88.6L	-56.02L
Supplemental Items
Cash Interest Paid	1L	1L	2L	2L	5L
Cash Income Tax Paid (Refund)	-3L	-6L	-7L	-11.72L	-14.02L
Levered Free Cash Flow	-14.53L	-66.4L	-1.36Cr	-1.44Cr	-1.29Cr
Unlevered Free Cash Flow	-13.84L	-65.56L	-1.35Cr	-1.43Cr	-1.24Cr
Change In Net Working Capital	-6L	7L	26.78L	8L	-3L
Net Debt Issued / Repaid	-2L	7L	-6L	-6L	41.96L

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-21.88	-15.25	-11.03	-18.99	-36.73
Return on Total Capital	-25.29	-16.85	-12.14	-22.14	-48.04
Return On Equity %	-40.77	-29.75	-17.57	-69.18	-131.28
Return on Common Equity	-40.74	-29.75	-17.56	-69.18	-131.28
Margin Analysis
Gross Profit Margin %	67.11	65.34	60.18	57.1	49.81
SG&A Margin	96.72	102.66	65.71	74.38	73.4
EBITDA Margin %	-138.68	-160.45	-101.05	-135.72	-181.5
EBITA Margin %	-156.04	-180.16	-114.67	-149.4	-204.63
EBIT Margin %	-156.04	-180.24	-114.67	-149.4	-204.63
Income From Continuing Operations Margin %	-117.98	-166.82	-93.38	-267.49	-271.13
Net Income Margin %	-117.98	-166.82	-93.38	-267.49	-271.13
Net Avail. For Common Margin %	-117.9	-166.82	-93.35	-267.49	-271.13
Normalized Net Income Margin	-101.08	-116.19	-73.79	-94.84	-131.91
Levered Free Cash Flow Margin	-74.44	-280.27	-266.09	-196.4	-155.93
Unlevered Free Cash Flow Margin	-70.89	-276.73	-263.89	-194.89	-150.79
Asset Turnover
Asset Turnover	0.22	0.14	0.15	0.2	0.29
Fixed Assets Turnover	0.35	0.32	0.42	0.47	0.55
Receivables Turnover (Average Receivables)	3.74	5.86	4.01	3.05	3.77
Inventory Turnover (Average Inventory)	0.81	0.86	0.87	0.8	0.84
Short Term Liquidity
Current Ratio	2.22	6.32	5.4	2.56	0.85
Quick Ratio	1.56	5.58	4.49	1.69	0.4
Operating Cash Flow to Current Liabilities	-0.83	-1.44	-1.53	-1.65	-1.07
Days Sales Outstanding (Average Receivables)	97.78	62.25	90.95	119.5	97.17
Days Outstanding Inventory (Average Inventory)	450.66	425.24	421.92	456.4	435.49
Average Days Payable Outstanding	1.14T	225.13	151.12	254.03	270
Cash Conversion Cycle (Average Days)	-591.19	262.36	361.75	321.87	262.66
Long Term Solvency
Total Debt/Equity	32	15.76	8.13	10.12	72.13
Total Debt / Total Capital	24.24	13.61	7.52	9.19	41.91
LT Debt/Equity	26.73	12.87	6.62	7.73	17.84
Long-Term Debt / Total Capital	20.25	11.11	6.12	7.02	10.36
Total Liabilities / Total Assets	34.09	20.79	16.49	25.74	59.45
EBIT / Interest Expense	-27.44	-31.87	-32.62	-62.07	-24.88
EBITDA / Interest Expense	-23.54	-27.37	-27.82	-55.31	-21.81
(EBITDA - Capex) / Interest Expense	-29.33	-56.84	-74.21	-82.41	-28.08
Total Debt / EBITDA	-0.7	-0.9	-0.54	-0.25	-0.5
Net Debt / EBITDA	-0.29	2.64	2.44	0.38	-0.47
Total Debt / (EBITDA - Capex)	-0.56	-0.43	-0.2	-0.17	-0.39
Net Debt / (EBITDA - Capex)	-0.23	1.27	0.91	0.25	-0.37
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-21.53	21.36	116.17	80.77	12.73
Gross Profit, 1 Yr. Growth %	-11.96	18.17	99.1	60.76	-1.65
EBITDA, 1 Yr. Growth %	4.44	40.41	36.26	75.34	50.76
EBITA, 1 Yr. Growth %	4.7	40.12	37.68	71.84	54.41
EBIT, 1 Yr. Growth %	4.7	40.18	37.68	71.84	54.41
Earnings From Cont. Operations, 1 Yr. Growth %	2.01	71.75	21	271.35	14.26
Net Income, 1 Yr. Growth %	2.01	71.75	21	271.35	14.26
Normalized Net Income, 1 Yr. Growth %	4.64	39.59	37.44	69.88	56.81
Diluted EPS Before Extra, 1 Yr. Growth %	-6.94	34.55	12.6	207.16	-70.85
Accounts Receivable, 1 Yr. Growth %	-72.34	157.52	238.49	74.54	-11.42
Inventory, 1 Yr. Growth %	-42.84	132.7	152.32	32.38	20.3
Net Property, Plant and Equip., 1 Yr. Growth %	1.96	67.13	61.52	5.46	-14.02
Total Assets, 1 Yr. Growth %	-1.96	206.14	52.34	-20.02	-20.34
Tangible Book Value, 1 Yr. Growth %	1.76	274.64	60.8	-27.32	-56.64
Common Equity, 1 Yr. Growth %	1.03	267.95	60.59	-27.69	-56.5
Cash From Operations, 1 Yr. Growth %	-13.19	268.18	73.32	58.91	36.75
Capital Expenditures, 1 Yr. Growth %	9.04	514.15	111.47	-42.41	-10.82
Levered Free Cash Flow, 1 Yr. Growth %	-	356.91	105.33	8.83	-5.75
Unlevered Free Cash Flow, 1 Yr. Growth %	-	373.77	106.24	8.92	-8.12
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-2.41	61.97	75.69	42.75
Gross Profit, 2 Yr. CAGR %	-	2	53.38	64.23	25.74
EBITDA, 2 Yr. CAGR %	-	21.1	38.26	61.65	62.58
EBITA, 2 Yr. CAGR %	-	21.12	38.84	60.04	62.89
EBIT, 2 Yr. CAGR %	-	21.15	38.84	60.04	62.89
Earnings From Cont. Operations, 2 Yr. CAGR %	-	32.3	44.16	122.47	105.99
Net Income, 2 Yr. CAGR %	-	32.3	44.16	122.47	105.99
Normalized Net Income, 2 Yr. CAGR %	-	20.82	38.43	58.81	63.21
Diluted EPS Before Extra, 2 Yr. CAGR %	-	11.89	23.09	95.21	-5.38
Accounts Receivable, 2 Yr. CAGR %	-	-15.6	195.24	128.7	8.58
Inventory, 2 Yr. CAGR %	-	15.33	142.31	82.76	26.19
Net Property, Plant and Equip., 2 Yr. CAGR %	-	30.54	64.3	30.51	-4.78
Total Assets, 2 Yr. CAGR %	-	73.25	115.95	10.07	-20.18
Tangible Book Value, 2 Yr. CAGR %	-	95.26	145.44	6.91	-43.86
Common Equity, 2 Yr. CAGR %	-	92.81	143.08	6.57	-43.92
Cash From Operations, 2 Yr. CAGR %	-	78.78	152.61	65.95	47.42
Capital Expenditures, 2 Yr. CAGR %	-	158.78	260.38	9.89	-28.34
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	206.22	47.1	-1.31
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	212.51	47.47	-2.53
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	27.21	55.3	51.53
Gross Profit, 3 Yr. CAGR %	-	-	27.47	47.16	38.43
EBITDA, 3 Yr. CAGR %	-	-	25.92	54.19	57.93
EBITA, 3 Yr. CAGR %	-	-	26.38	53.07	58.14
EBIT, 3 Yr. CAGR %	-	-	26.38	53.07	58.14
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	28.42	104.08	78.16
Net Income, 3 Yr. CAGR %	-	-	28.42	104.08	78.16
Normalized Net Income, 3 Yr. CAGR %	-	-	26.07	52.07	58.14
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	12.12	72.44	3.56
Accounts Receivable, 3 Yr. CAGR %	-	-	34.1	137.93	52.3
Inventory, 3 Yr. CAGR %	-	-	49.72	98.08	58.98
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	40.14	41.73	13.56
Total Assets, 3 Yr. CAGR %	-	-	65.98	54.79	-1.18
Tangible Book Value, 3 Yr. CAGR %	-	-	83.02	62.39	-20.87
Common Equity, 3 Yr. CAGR %	-	-	81.41	61.07	-20.95
Cash From Operations, 3 Yr. CAGR %	-	-	76.94	116.44	55.58
Capital Expenditures, 3 Yr. CAGR %	-	-	141.94	95.02	2.5
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	114.6	24.65
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	117.57	23.79
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	27.08
Gross Profit, 5 Yr. CAGR %	-	-	-	-	22.51
EBITDA, 5 Yr. CAGR %	-	-	-	-	41.99
EBITA, 5 Yr. CAGR %	-	-	-	-	42.12
EBIT, 5 Yr. CAGR %	-	-	-	-	42.12
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	58.17
Net Income, 5 Yr. CAGR %	-	-	-	-	58.17
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	41.96
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	6.81
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	20.27
Inventory, 5 Yr. CAGR %	-	-	-	-	39.82
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	20.07
Total Assets, 5 Yr. CAGR %	-	-	-	-	23.7
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	13.57
Common Equity, 5 Yr. CAGR %	-	-	-	-	12.93
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	64.48
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	48.46
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-