Cash flow Traton SE

Equities

8TRA

DE000TRAT0N7

Heavy Machinery & Vehicles

Market Closed - Xetra Other stock markets 10:05:08 06/12/2024 pm IST			5-day change	1st Jan Change
30.30 ^EUR	+0.33%		+5.57%	+42.12%

05/12	Two large charging parks for e-trucks open	DP
04/12	New orders for heavy trucks in North America fell in November - ACT Research	FW

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Published financial data: TRATON SE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.61TCr	2.18TCr	2.97TCr	3.9TCr	4.53TCr
Finance Div. Revenues	85Cr	82Cr	96Cr	129.4Cr	158.9Cr
Total Revenues	2.69TCr	2.26TCr	3.06TCr	4.03TCr	4.69TCr
Cost of Goods Sold, Total	2.11TCr	1.84TCr	2.46TCr	3.27TCr	3.65TCr
Finance Div. Operating Exp.	67Cr	64Cr	74Cr	98Cr	128.1Cr
Gross Profit	515.7Cr	351.4Cr	533.3Cr	666.1Cr	907.2Cr
Selling General & Admin Expenses, Total	336.4Cr	302.6Cr	377Cr	458.5Cr	490Cr
Other Operating Expenses	-21Cr	13Cr	22Cr	-21Cr	0
Other Operating Expenses, Total	315.6Cr	315.7Cr	399.3Cr	437.6Cr	490Cr
Operating Income	200.1Cr	36Cr	134Cr	228.5Cr	417.2Cr
Interest Expense, Total	-22Cr	-20Cr	-35Cr	-41Cr	-89Cr
Interest And Investment Income	9.3Cr	7Cr	12Cr	18Cr	34Cr
Net Interest Expenses	-13Cr	-13Cr	-23Cr	-22Cr	-55Cr
Income (Loss) On Equity Invest.	21Cr	8.4Cr	43Cr	9.7Cr	12Cr
Currency Exchange Gains (Loss)	10Cr	-38Cr	-8.9Cr	11Cr	-12Cr
Other Non Operating Income (Expenses)	-13Cr	31Cr	13Cr	-6.7Cr	-50L
EBT, Excl. Unusual Items	205.2Cr	24Cr	158.5Cr	220Cr	362Cr
Restructuring Charges	-	40L	-33Cr	-40L	-5.3Cr
Merger & Related Restructuring Charges	-	-	-3.4Cr	-	-
Gain (Loss) On Sale Of Investments	2.2Cr	-10L	30L	10L	20L
Gain (Loss) On Sale Of Assets	1.1Cr	90L	20L	1.9Cr	1.5Cr
Asset Writedown	-	-18Cr	4.6Cr	-2.7Cr	-
Legal Settlements	-12Cr	-10Cr	-62Cr	-15Cr	-23Cr
Other Unusual Items	-	-	-	-48Cr	-10Cr
EBT, Incl. Unusual Items	196.4Cr	-3.3Cr	65Cr	156Cr	325.2Cr
Income Tax Expense	40Cr	9Cr	18Cr	42Cr	80Cr
Earnings From Continuing Operations	156.3Cr	-12Cr	47Cr	114.1Cr	245.1Cr
Earnings Of Discontinued Operations	-20L	-	-	-	-
Net Income to Company	156.1Cr	-12Cr	47Cr	114.1Cr	245.1Cr
Minority Interest	-4.3Cr	2.2Cr	-1.3Cr	-	-
Net Income - (IS)	151.8Cr	-10Cr	46Cr	114.1Cr	245.1Cr
Net Income to Common Incl Extra Items	151.8Cr	-10Cr	46Cr	114.1Cr	245.1Cr
Net Income to Common Excl. Extra Items	152Cr	-10Cr	46Cr	114.1Cr	245.1Cr
Per Share Items
Net EPS - Basic	3.04	-0.2	0.91	2.28	4.9
Basic EPS - Continuing Operations	3.04	-0.2	0.91	2.28	4.9
Basic Weighted Average Shares Outstanding	50Cr	50Cr	50Cr	50Cr	50Cr
Net EPS - Diluted	3.04	-0.2	0.91	2.28	4.9
Diluted EPS - Continuing Operations	3.04	-0.2	0.91	2.28	4.9
Diluted Weighted Average Shares Outstanding	50Cr	50Cr	50Cr	50Cr	50Cr
Normalized Basic EPS	2.48	0.34	1.96	2.75	4.52
Normalized Diluted EPS	2.48	0.34	1.96	2.75	4.52
Dividend Per Share	1	0.25	0.5	0.7	1.5
Payout Ratio	214.1	-495.05	27.35	21.91	14.28
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	381.6Cr	238.5Cr	365.2Cr	485.9Cr	631.6Cr
EBITA	205.2Cr	40Cr	151.5Cr	259.9Cr	448.2Cr
EBIT	200.1Cr	36Cr	134Cr	228.5Cr	417.2Cr
EBITDAR	389.2Cr	-	369.8Cr	-	-
Effective Tax Rate - (Ratio)	20.42	-272.73	27.47	26.86	24.63
Current Domestic Taxes	-7Cr	8.6Cr	-50L	5.2Cr	5.4Cr
Current Foreign Taxes	44Cr	29Cr	53Cr	78Cr	84Cr
Total Current Taxes	37Cr	38Cr	53Cr	83Cr	89Cr
Deferred Domestic Taxes	4.2Cr	-27Cr	-16Cr	-3.2Cr	21Cr
Deferred Foreign Taxes	-90L	-2Cr	-19Cr	-38Cr	-30Cr
Total Deferred Taxes	3.3Cr	-29Cr	-35Cr	-41Cr	-8.8Cr
Normalized Net Income	123.95Cr	17Cr	98Cr	137.5Cr	226.25Cr
Interest Capitalized	20L	-	-	-	-
Interest on Long-Term Debt	3.7Cr	3.2Cr	2.9Cr	3.1Cr	4.2Cr
Non-Cash Pension Expense	3.6Cr	2.5Cr	3.4Cr	6.5Cr	7.9Cr
Supplemental Operating Expense Items
Selling and Marketing Expenses	235.4Cr	212.4Cr	261.5Cr	323.7Cr	342.2Cr
General and Administrative Expenses	97Cr	88Cr	115.5Cr	134.8Cr	147.8Cr
Research And Development Expense From Footnotes	110.1Cr	114.5Cr	130.3Cr	167.9Cr	192.1Cr
Net Rental Expense, Total	7.6Cr	-	4.6Cr	-	-
Imputed Operating Lease Interest Expense	3.78Cr	-	1.87Cr	-	-
Imputed Operating Lease Depreciation	3.82Cr	-	2.73Cr	-	-
Stock-Based Comp., Other (Total)	19.53L	27.89L	80L	10L	90L
Total Stock-Based Compensation	19.53L	27.89L	80L	10L	90L

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	185.3Cr	164.1Cr	200.2Cr	143.9Cr	173Cr
Short Term Investments	317.8Cr	210.5Cr	23Cr	7.3Cr	5.3Cr
Total Cash And Short Term Investments	503.1Cr	374.6Cr	222.8Cr	151.2Cr	178.3Cr
Accounts Receivable, Total	526.4Cr	486.3Cr	653.9Cr	840.9Cr	944.8Cr
Other Receivables	108.7Cr	94Cr	142.8Cr	149.3Cr	150.6Cr
Total Receivables	635.1Cr	580Cr	796.7Cr	990.2Cr	1.1TCr
Inventory	494.3Cr	432.5Cr	545.4Cr	657.4Cr	744.4Cr
Finance Division Other Current Assets, Total	6Cr	7.3Cr	20L	42Cr	30L
Other Current Assets, Total	34Cr	45Cr	58Cr	70Cr	92Cr
Total Current Assets	1.67TCr	1.44TCr	1.62TCr	1.91TCr	2.11TCr
Gross Property Plant And Equipment	2.15TCr	2.14TCr	2.33TCr	2.36TCr	2.41TCr
Accumulated Depreciation	-833.7Cr	-894Cr	-965.1Cr	-1.04TCr	-1.09TCr
Net Property Plant And Equipment	1.32TCr	1.24TCr	1.37TCr	1.32TCr	1.32TCr
Long-term Investments	139.9Cr	145.2Cr	194Cr	153.2Cr	171.7Cr
Goodwill	-	-	616.6Cr	618.4Cr	608.3Cr
Other Intangibles, Total	675.1Cr	676.2Cr	422.5Cr	408.4Cr	374.1Cr
Finance Division Other Long-Term Assets, Total	40L	40L	-	-	-
Accounts Receivable Long-Term	487.1Cr	478.3Cr	583.4Cr	656Cr	776.7Cr
Deferred Tax Assets Long-Term	97Cr	123.1Cr	211.4Cr	227.4Cr	236.6Cr
Deferred Charges Long-Term	-	-	292Cr	311.1Cr	337.3Cr
Other Long-Term Assets, Total	128.7Cr	170.5Cr	203.8Cr	219.6Cr	231.6Cr
Total Assets	4.52TCr	4.28TCr	5.51TCr	5.83TCr	6.17TCr
Liabilities
Accounts Payable, Total	247.2Cr	276.9Cr	424.5Cr	551.8Cr	579.1Cr
Accrued Expenses, Total	5.8Cr	6.4Cr	8Cr	11Cr	9.8Cr
Current Portion of Long-Term Debt	219.9Cr	259.2Cr	198.3Cr	490.6Cr	242.1Cr
Current Portion of Leases	23Cr	19Cr	24Cr	24Cr	24Cr
Finance Division Debt Current	410Cr	360Cr	380Cr	350Cr	500Cr
Finance Division Other Current Liabilities, Total	-	-	-	2.1Cr	-
Current Income Taxes Payable	19Cr	14Cr	20Cr	25Cr	24Cr
Other Current Liabilities	727.4Cr	609.9Cr	927.6Cr	808.6Cr	857.8Cr
Total Current Liabilities	1.65TCr	1.55TCr	1.98TCr	2.26TCr	2.24TCr
Long-Term Debt	32Cr	20Cr	666.4Cr	711Cr	617.5Cr
Long-Term Leases	84Cr	86Cr	100Cr	97Cr	94Cr
Finance Division Debt Non Current	480Cr	490Cr	460Cr	450Cr	710Cr
Finance Division Other Non Current Liabilities, Total	1Cr	1.1Cr	-	-	-
Pension & Other Post Retirement Benefits	175.9Cr	181.7Cr	264.8Cr	178.6Cr	184.7Cr
Deferred Tax Liability Non Current	79Cr	77Cr	80Cr	69Cr	68Cr
Other Non Current Liabilities	600.4Cr	558.9Cr	613.8Cr	619.5Cr	609.8Cr
Total Liabilities	3.1TCr	2.96TCr	4.17TCr	4.39TCr	4.52TCr
Common Stock, Total	50Cr	50Cr	50Cr	50Cr	50Cr
Retained Earnings	-415Cr	-447.9Cr	147.7Cr	296.4Cr	546.4Cr
Comprehensive Income and Other	1.75TCr	1.69TCr	1.15TCr	1.09TCr	1.05TCr
Total Common Equity	1.39TCr	1.29TCr	1.34TCr	1.44TCr	1.65TCr
Minority Interest	27Cr	23Cr	30L	60L	60L
Total Equity	1.41TCr	1.32TCr	1.34TCr	1.44TCr	1.65TCr
Total Liabilities And Equity	4.52TCr	4.28TCr	5.51TCr	5.83TCr	6.17TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	50Cr	50Cr	50Cr	50Cr	50Cr
ECS Total Common Shares Outstanding	50Cr	50Cr	50Cr	50Cr	50Cr
Book Value / Share	27.73	25.88	26.89	28.74	32.96
Tangible Book Value	711Cr	617.3Cr	305.3Cr	410Cr	665.8Cr
Tangible Book Value Per Share	14.22	12.35	6.11	8.2	13.32
Total Debt	1.25TCr	1.23TCr	1.83TCr	2.12TCr	2.19TCr
Net Debt	746.6Cr	859.7Cr	1.61TCr	1.97TCr	2.01TCr
Debt Equivalent of Unfunded Proj. Benefit Obligation	176.3Cr	182.6Cr	257.5Cr	172.4Cr	179.1Cr
Debt Equivalent Oper. Leases	61Cr	-	37Cr	-	-
Minority Interest, Total (Incl. Fin. Div)	27Cr	23Cr	30L	60L	60L
Equity Method Investments, Total	136.5Cr	138Cr	128Cr	132.8Cr	148.2Cr
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	66Cr	62Cr	-	148.1Cr	-
Inventories - Work In Process, Total	50Cr	42Cr	-	85Cr	-
Inventories - Finished Goods, Total	377.3Cr	327.4Cr	-	422.6Cr	-
Inventories - Others	1.8Cr	1.6Cr	-	2Cr	-
Land - (BS)	487.6Cr	501.8Cr	561.8Cr	593.6Cr	643.8Cr
Machinery, Total	694.5Cr	729.3Cr	776.4Cr	837.5Cr	912.4Cr
Full Time Employees	83T	82.57T	97.24T	1L	1L

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	151.8Cr	-10Cr	46Cr	114.1Cr	245.1Cr
Depreciation & Amortization - CF	196.1Cr	198Cr	213.7Cr	226Cr	210.7Cr
Amortization of Goodwill and Intangible Assets - (CF)	5.1Cr	4.8Cr	18Cr	31Cr	31Cr
Depreciation & Amortization, Total	201.2Cr	202.8Cr	231.2Cr	257.4Cr	241.7Cr
Amortization of Deferred Charges, Total - (CF)	19Cr	27Cr	30Cr	38Cr	42Cr
(Gain) Loss From Sale Of Asset	-2.9Cr	-70L	15Cr	14Cr	9.1Cr
(Gain) Loss on Sale of Investments - (CF)	-6.7Cr	20L	40L	-	20L
Asset Writedown & Restructuring Costs	-20L	15Cr	12Cr	2.9Cr	2.3Cr
(Income) Loss On Equity Investments - (CF)	-12Cr	-5.6Cr	-35Cr	-4Cr	-9.7Cr
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	90L	-29Cr	-40Cr	-18Cr	-5.2Cr
Change In Accounts Receivable	16Cr	18Cr	-21Cr	-116.9Cr	-53Cr
Change In Inventories	-8.5Cr	34Cr	30L	-115.8Cr	-88Cr
Change in Other Net Operating Assets	-249.7Cr	-52Cr	-84Cr	-237.7Cr	-125.6Cr
Cash from Operations	108.8Cr	198.7Cr	153.4Cr	-66Cr	258.3Cr
Capital Expenditure	-100Cr	-100Cr	-113.1Cr	-130.5Cr	-152.2Cr
Sale of Property, Plant, and Equipment	3.3Cr	4.4Cr	5.4Cr	5.5Cr	7.9Cr
Cash Acquisitions	-	-1Cr	-256.3Cr	-9.4Cr	-31Cr
Divestitures	197.8Cr	20L	-20Cr	5.8Cr	13Cr
Sale (Purchase) of Intangible assets	-47Cr	-32Cr	-47Cr	-60Cr	-69Cr
Investment in Marketable and Equity Securities, Total	-299.6Cr	105.5Cr	177.8Cr	13Cr	-5.6Cr
Net (Increase) Decrease in Loans Originated / Sold - Investing	8.8Cr	60L	8Cr	-5Cr	-
Other Investing Activities, Total	10L	-10L	-	-10L	-10L
Cash from Investing	-236Cr	-22Cr	-244.7Cr	-181.3Cr	-236.8Cr
Long-Term Debt Issued, Total	308.2Cr	299.3Cr	989.8Cr	594.9Cr	456.3Cr
Total Debt Issued	308.2Cr	299.3Cr	989.8Cr	594.9Cr	456.3Cr
Long-Term Debt Repaid, Total	-270.2Cr	-301.7Cr	-800.5Cr	-348.3Cr	-434.1Cr
Total Debt Repaid	-270.2Cr	-301.7Cr	-800.5Cr	-348.3Cr	-434.1Cr
Issuance of Common Stock	-	5.4Cr	-	-	-
Common Dividends Paid	-325Cr	-50Cr	-12Cr	-25Cr	-35Cr
Common & Preferred Stock Dividends Paid	-325Cr	-50Cr	-12Cr	-25Cr	-35Cr
Other Financing Activities, Total	305.3Cr	-140.3Cr	-60Cr	-	-
Cash from Financing	18Cr	-187.3Cr	116.9Cr	221.6Cr	-13Cr
Foreign Exchange Rate Adjustments	60L	-9.8Cr	3.3Cr	-20L	-10Cr
Miscellaneous Cash Flow Adjustments	-10L	-	-10L	-30Cr	-
Net Change in Cash	-108.4Cr	-20Cr	29Cr	-56Cr	-1.3Cr
Supplemental Items
Cash Interest Paid	43Cr	34Cr	39Cr	75Cr	130Cr
Cash Income Tax Paid (Refund)	46Cr	43Cr	57Cr	69Cr	90Cr
Levered Free Cash Flow	793.6Cr	70Cr	314.64Cr	-151.15Cr	319.15Cr
Unlevered Free Cash Flow	807.66Cr	83Cr	336.45Cr	-125.59Cr	374.65Cr
Change In Net Working Capital	-608.4Cr	38Cr	-150.7Cr	372.9Cr	-50Cr
Net Debt Issued / Repaid	38Cr	-2.4Cr	189.3Cr	246.6Cr	22Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.73	0.51	1.71	2.52	4.35
Return on Total Capital	4.61	0.85	2.93	4.24	7.05
Return On Equity %	10.1	-0.9	3.53	8.2	15.88
Return on Common Equity	9.91	-0.75	3.46	8.2	15.89
Margin Analysis
Gross Profit Margin %	19.17	15.56	17.42	16.51	19.35
SG&A Margin	12.51	13.4	12.31	11.37	10.45
EBITDA Margin %	14.19	10.56	11.93	12.05	13.47
EBITA Margin %	7.63	1.79	4.95	6.44	9.56
EBIT Margin %	7.44	1.58	4.38	5.66	8.9
Income From Continuing Operations Margin %	5.81	-0.54	1.53	2.83	5.23
Net Income Margin %	5.64	-0.45	1.49	2.83	5.23
Net Avail. For Common Margin %	5.65	-0.45	1.49	2.83	5.23
Normalized Net Income Margin	4.61	0.75	3.19	3.41	4.83
Levered Free Cash Flow Margin	29.5	3.11	10.28	-3.75	6.81
Unlevered Free Cash Flow Margin	30.02	3.67	10.99	-3.11	7.99
Asset Turnover
Asset Turnover	0.59	0.51	0.63	0.71	0.78
Fixed Assets Turnover	2.2	1.76	2.35	3.01	3.55
Receivables Turnover (Average Receivables)	5.07	4.3	5.2	5.22	5.07
Inventory Turnover (Average Inventory)	4.32	3.98	5.02	5.44	5.21
Short Term Liquidity
Current Ratio	1.01	0.93	0.82	0.84	0.94
Quick Ratio	0.69	0.62	0.51	0.5	0.57
Operating Cash Flow to Current Liabilities	0.07	0.13	0.08	-0.03	0.12
Days Sales Outstanding (Average Receivables)	71.95	85.17	70.17	69.88	71.97
Days Outstanding Inventory (Average Inventory)	84.58	92.06	72.69	67.15	70.05
Average Days Payable Outstanding	46.86	53.86	49.85	52.7	55.2
Cash Conversion Cycle (Average Days)	109.67	123.36	93.01	84.33	86.82
Long Term Solvency
Total Debt/Equity	88.41	93.73	135.96	147.66	132.68
Total Debt / Total Capital	46.92	48.38	57.62	59.62	57.02
LT Debt/Equity	42.21	45.25	91.17	87.51	86.22
Long-Term Debt / Total Capital	22.4	23.36	38.64	35.34	37.06
Total Liabilities / Total Assets	68.72	69.21	75.6	75.33	73.28
EBIT / Interest Expense	8.89	1.78	3.84	5.59	4.7
EBITDA / Interest Expense	17.84	11.87	10.46	11.88	7.42
(EBITDA - Capex) / Interest Expense	13.4	6.92	7.22	8.69	5.71
Total Debt / EBITDA	3.11	5.18	5.01