Computer And Technologies Holdings Limited (0046.HK)

Industry: Information Technology Services Sector: Technology Currency Used: HK Live Price: $1.57

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Stock Price	1.83	2.41	2.51	2.73	2.30	3.45	2.88	2.93	2.61	3.23	2.49	1.90	1.79	1.73	1.67	1.34	0.76	1.10	0.83	0.84	1.16	1.48
Market Capitalization	444.43M	593.39M	621.29M	677.10M	567.97M	852.14M	705.06M	710.66M	632.27M	782.59M	602.08M	459.79M	431.53M	422.34M	410.67M	330.40M	193.44M	291.25M	222.05M	229.08M	318.04M	281.42M
(-) Cash & Equivalents	217.55M	190.13M	297.71M	290.82M	272.47M	217.15M	257.22M	229.33M	238.88M	328.97M	321.93M	281.03M	289.94M	312.49M	273.74M	144.03M	121.51M	95.17M	81.91M	0.68M	60.94M	48.47M
(+) Total Debt	20.47M	11.25M	14.14M	11.26M	6.43M	11.71M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	35.79M	13.26M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Enterprise Value	247.35M	414.51M	337.73M	397.54M	301.92M	646.70M	447.83M	481.33M	393.39M	453.63M	280.15M	178.77M	141.59M	145.64M	150.19M	186.37M	71.93M	196.07M	140.14M	228.41M	257.09M	232.95M

Income Statement

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31
Revenue	511M	537M	261M	258M	269M	266M	256M	276M	281M	254M	259M	219M	211M	187M	207M	391M	339M	400M	376M	359M	237M	213M	252M	362M
Cost of Revenue	245M	261M	118M	122M	124M	113M	111M	121M	121M	110M	113M	100M	101M	86M	113M	284M	226M	280M	262M	250M	153M	134M	188M	286M
Gross Profit	266M	276M	143M	136M	145M	152M	145M	155M	160M	143M	146M	119M	110M	101M	94M	107M	113M	120M	114M	108M	84M	79M	64M	76M
Gross Profit Margin	52.0%	51.4%	54.8%	52.8%	54.0%	57.4%	56.5%	56.3%	56.8%	56.5%	56.5%	54.2%	52.1%	54.0%	45.3%	27.4%	33.4%	29.9%	30.4%	30.2%	35.6%	37.1%	25.2%	21.0%
R&D Expenses	47M	41M	19M	25M	21M	19M	19M	18M	14M	12M	9M	5M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	192M	150M	99M	97M	95M	94M	94M	100M	93M	90M	90M	71M	70M	66M	75M	78M	76M	78M	79M	90M	81M	77M	80M	76M
Operating Expenses	211M	189M	99M	130M	116M	99M	113M	105M	91M	92M	96M	72M	70M	66M	75M	66M	68M	76M	75M	98M	81M	79M	76M	70M
Operating Income (EBIT)	55M	87M	45M	6M	29M	53M	32M	50M	69M	52M	50M	47M	40M	36M	19M	41M	45M	44M	40M	10M	3M	-1M	-12M	6M
Operating Income Margin	10.8%	16.3%	17.1%	2.4%	10.9%	20.0%	12.5%	18.3%	24.4%	20.4%	19.5%	21.3%	19.0%	19.0%	9.0%	10.5%	13.3%	10.9%	10.6%	2.9%	1.4%	-0.3%	-4.9%	1.7%
Interest Income	28M	14M	14M	15M	6M	3M	3M	5M	7M	4M	4M	9M	11M	9M	9M	6M	3M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	2M	1M	1M	0M	0M	0M	1M	1M	0M	0M	0M	0M	0M	0M	0M	1M	0M	0M	2M	0M	0M	0M	1M	0M
Net Interest Income	27M	14M	13M	14M	6M	2M	2M	4M	7M	4M	4M	9M	11M	9M	9M	6M	3M	0M	-2M	0M	0M	0M	-1M	0M
Unusual Items	-3M	6M	-19M	17M	17M	2M	27M	6M	-1M	5M	2M	-5M	4M	11M	23M	10M	8M	7M	2M	19M	11M	8M	15M	0M
EBT Excluding Unusual Items	82M	101M	58M	20M	35M	55M	34M	55M	76M	56M	55M	55M	51M	44M	28M	47M	48M	44M	38M	10M	3M	-1M	-13M	6M
Pre-Tax Income	79M	107M	39M	38M	51M	58M	62M	60M	75M	61M	57M	50M	55M	55M	51M	56M	56M	51M	40M	29M	14M	8M	2M	6M
Pre-Tax Margin	15.4%	19.9%	15.1%	14.7%	19.1%	21.7%	24.1%	21.8%	26.7%	24.0%	22.0%	22.9%	26.2%	29.5%	24.7%	14.4%	16.4%	12.7%	10.6%	8.0%	5.8%	3.6%	0.8%	1.6%
Income Tax Expense	16M	10M	10M	5M	4M	5M	2M	4M	7M	7M	6M	6M	7M	7M	4M	5M	7M	7M	5M	1M	2M	0M	-1M	-1M
Net Income	63M	98M	29M	33M	47M	54M	60M	56M	68M	54M	50M	44M	49M	48M	47M	52M	49M	44M	33M	28M	12M	7M	4M	6M
Net Income Margin	12.3%	18.2%	11.1%	13.0%	17.5%	20.3%	23.5%	20.3%	24.2%	21.4%	19.5%	20.1%	23.1%	25.7%	22.7%	13.2%	14.5%	11.0%	8.8%	7.8%	5.0%	3.5%	1.7%	1.7%
Depreciation & Amortization	31M	39M	23M	22M	20M	14M	13M	14M	8M	9M	9M	3M	2M	1M	2M	2M	2M	2M	3M	6M	7M	9M	11M	8M
EBITDA	86M	126M	67M	28M	49M	67M	45M	65M	77M	61M	59M	50M	42M	37M	20M	43M	47M	46M	43M	17M	10M	8M	-1M	14M
EBITDA Margin	16.9%	23.5%	25.7%	10.8%	18.1%	25.3%	17.4%	23.4%	27.2%	23.9%	22.9%	22.8%	19.9%	19.6%	9.8%	10.9%	13.9%	11.5%	11.4%	4.6%	4.3%	3.9%	-0.5%	3.8%
NOPAT	44M	79M	33M	5M	27M	49M	31M	47M	62M	46M	45M	41M	35M	31M	17M	37M	40M	38M	35M	10M	3M	-1M	-21M	7M
NOPAT Margin	8.6%	14.7%	12.6%	2.1%	9.9%	18.4%	12.2%	17.0%	22.0%	18.2%	17.3%	18.7%	16.8%	16.6%	8.3%	9.5%	11.7%	9.4%	9.2%	2.8%	1.2%	-0.3%	-8.4%	1.9%
Owner's Earnings	87M	133M	46M	55M	66M	65M	67M	57M	64M	58M	58M	46M	44M	49M	47M	52M	50M	44M	34M	33M	17M	15M	11M	-5M
Owner's Earnings Margin	17.1%	24.7%	17.5%	21.2%	24.4%	24.6%	26.2%	20.6%	22.9%	22.9%	22.3%	21.0%	21.1%	26.1%	22.6%	13.4%	14.9%	11.1%	9.0%	9.2%	7.2%	7.0%	4.5%	-1.4%
EPS (Basic)	0.26	0.39	0.12	0.14	0.19	0.22	0.24	0.23	0.28	0.22	0.21	0.18	0.20	0.20	0.20	0.21	0.20	0.18	0.13	0.11	0.05	0.03	-0.05	0.02
EPS (Diluted)	0.26	0.39	0.12	0.13	0.19	0.22	0.24	0.22	0.28	0.22	0.21	0.18	0.20	0.20	0.19	0.21	0.20	0.17	0.13	0.11	0.04	0.03	0.02	0.02
Shares (Basic)	244M	248M	243M	248M	247M	247M	247M	247M	244M	242M	242M	241M	241M	240M	241M	244M	247M	247M	256M	265M	269M	274M	275M	274M
Shares (Diluted)	244M	248M	244M	248M	248M	249M	249M	249M	245M	243M	243M	242M	242M	242M	243M	247M	251M	251M	257M	265M	269M	274M	275M	274M

Balance Sheet

Metric	MRQ	MRQ-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31
Cash & Cash Equivalents	326.93M	128.91M	128.91M	316.15M	309.77M	298.40M	295.63M	200.73M	255.55M	246.55M	229.40M	332.12M	342.64M	304.78M	274.81M	343.61M	287.50M	288.05M	243.02M	190.35M	163.82M	1.35M	121.89M	145.41M
Short-Term Investments	2.24M	0.00M	0.00M	2.21M	4.21M	7.55M	7.38M	55.85M	10.16M	10.86M	9.49M	9.28M	14.37M	45.43M	17.49M	20.19M	10.65M	0.50M	0.00M	0.00M	0.00M	0.00M	1.27M	10.13M
Cash & Short-Term Investments	329.16M	128.91M	128.91M	318.35M	313.98M	305.94M	303.02M	256.58M	265.71M	257.40M	238.89M	341.40M	357.02M	350.21M	292.29M	363.80M	298.15M	288.55M	243.02M	190.35M	163.82M	1.35M	123.15M	155.54M
Net Receivables	85.75M	76.58M	76.58M	66.04M	76.22M	71.23M	64.75M	77.06M	64.20M	57.64M	62.52M	51.81M	46.04M	33.69M	38.54M	78.13M	90.10M	70.88M	94.09M	110.75M	0.00M	0.00M	-318.27M	0.00M
Inventory	0.01M	0.01M	0.01M	0.01M	0.02M	0.04M	0.01M	0.60M	0.72M	1.43M	0.04M	0.24M	0.71M	10.21M	11.30M	12.43M	18.48M	5.29M	11.33M	11.71M	12.87M	0.00M	11.86M	6.26M
Other Current Assets	13.73M	213.81M	213.81M	8.55M	10.03M	6.72M	9.53M	5.04M	8.78M	9.50M	5.80M	3.51M	3.05M	3.12M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	179.48M	184.66M
Total Current Assets	428.66M	419.31M	419.31M	392.96M	400.24M	383.93M	377.29M	339.28M	339.41M	325.98M	307.25M	396.96M	406.82M	397.23M	342.13M	454.37M	406.74M	364.72M	348.43M	312.80M	176.69M	1.35M	-3.78M	346.45M
Property, Plant & Equipment	22.63M	24.43M	24.43M	9.02M	12.07M	19.35M	6.97M	11.67M	3.12M	3.95M	5.86M	6.92M	10.74M	5.24M	5.88M	5.66M	7.65M	11.27M	11.72M	38.95M	35.53M	0.00M	0.00M	0.00M
Goodwill	135.00M	135.00M	135.00M	135.00M	135.00M	135.00M	135.00M	134.49M	134.49M	134.49M	134.49M	44.58M	29.21M	29.21M	25.81M	25.81M	25.81M	25.81M	25.81M	25.81M	23.90M	0.00M	23.79M	27.46M
Intangible Assets	11.23M	16.86M	16.86M	32.29M	45.73M	56.36M	60.96M	60.00M	54.06M	49.71M	51.60M	6.34M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	2.07M	0.00M	0.00M	0.00M
Long-Term Investments	2.10M	2.10M	2.10M	2.10M	-2.11M	-5.45M	-5.28M	-53.75M	-5.53M	-6.53M	-5.08M	-4.89M	-6.10M	-30.80M	-6.83M	-15.00M	-7.95M	2.01M	26.91M	0.00M	3.06M	0.00M	0.00M	0.00M
Tax Assets	0.70M	0.00M	0.00M	2.72M	2.21M	2.06M	2.32M	2.29M	2.71M	2.98M	2.99M	0.00M	0.00M	0.00M	0.00M	53.39M	0.00M	0.59M	2.85M	5.63M	2.00M	0.00M	1.05M	1.05M
Other Non-Current Assets	56.40M	59.62M	59.62M	65.50M	72.94M	76.76M	74.30M	127.75M	88.09M	82.11M	77.16M	75.94M	72.64M	95.57M	65.07M	-2.23M	42.93M	28.24M	0.40M	3.09M	3.11M	322.11M	48.69M	53.39M
Other Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	228.06M	238.01M	238.01M	246.62M	265.84M	284.08M	274.27M	282.44M	276.93M	266.70M	267.02M	128.89M	106.50M	99.22M	89.93M	67.63M	68.44M	67.92M	67.70M	73.48M	69.66M	322.11M	73.53M	81.90M
Total Assets	656.72M	657.31M	657.31M	639.58M	666.08M	668.01M	651.56M	621.72M	616.35M	592.68M	574.26M	525.84M	513.32M	496.45M	432.06M	522.00M	475.17M	432.64M	416.13M	386.28M	246.36M	323.46M	69.75M	428.35M
Accounts Payable	8.66M	12.18M	12.18M	11.17M	17.03M	11.26M	18.09M	15.56M	24.53M	25.31M	21.25M	16.89M	21.28M	22.90M	33.04M	52.56M	53.71M	52.47M	39.23M	34.17M	1.14M	22.18M	29.11M	73.79M
Short-Term Debt	4.66M	4.29M	4.29M	6.27M	7.42M	7.92M	4.61M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	22.53M	26.52M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Tax Payables	19.27M	15.17M	15.17M	9.47M	8.47M	7.43M	3.97M	9.66M	9.50M	9.29M	10.23M	10.74M	11.32M	10.39M	8.14M	15.22M	11.74M	9.82M	6.89M	0.22M	0.60M	0.00M	0.26M	2.05M
Deferred Revenue	0.00M	0.00M	0.00M	52.14M	54.19M	54.22M	58.71M	55.71M	56.95M	56.38M	55.96M	29.75M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	62.30M	102.13M	102.13M	51.22M	44.71M	44.54M	43.87M	49.46M	49.56M	48.97M	57.78M	50.79M	42.64M	35.76M	39.19M	40.70M	47.82M	42.71M	41.79M	41.26M	37.52M	-23.16M	36.18M	41.75M
Total Current Liabilities	94.89M	133.76M	133.76M	130.27M	131.82M	125.37M	129.26M	130.40M	140.55M	139.94M	145.22M	108.16M	75.23M	69.05M	80.37M	131.01M	139.79M	105.00M	87.91M	75.65M	39.26M	-0.97M	65.55M	117.59M
Long-Term Debt	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Capital Lease Obligations	17.55M	19.30M	19.30M	9.16M	12.03M	18.25M	7.04M	9.67M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	2.19M	3.51M	3.51M	7.69M	10.11M	12.20M	12.56M	12.52M	12.73M	15.25M	17.47M	2.92M	1.22M	1.14M	1.05M	2.98M	3.43M	2.31M	0.88M	0.77M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	0.82M	0.80M	0.80M	0.00M	0.04M	0.00M	0.54M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-2.06M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	3.08M
Total Non-Current Liabilities	20.56M	23.60M	23.60M	16.84M	22.17M	30.45M	20.14M	22.19M	12.73M	15.25M	17.47M	2.92M	1.22M	1.14M	1.05M	0.92M	3.43M	2.31M	0.88M	0.77M	0.00M	0.00M	0.00M	3.08M
Total Liabilities	115.45M	157.36M	157.36M	147.11M	153.99M	155.82M	149.40M	152.59M	153.28M	155.18M	162.69M	111.08M	76.45M	70.19M	81.42M	131.92M	143.22M	107.31M	88.78M	76.43M	39.26M	-0.97M	65.55M	120.67M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	2.71M	2.85M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	24.43M	24.43M	24.43M	24.70M	24.95M	24.95M	24.95M	24.95M	24.95M	24.42M	24.42M	24.42M	24.42M	24.42M	24.53M	24.60M	0.00M	25.27M	25.39M	0.00M	0.00M	0.00M	27.52M	27.49M
Retained Earnings	450.45M	13.35M	13.35M	435.62M	446.79M	443.07M	411.34M	393.31M	370.28M	360.59M	359.62M	350.43M	340.17M	300.37M	252.22M	203.16M	0.00M	0.00M	0.00M	15.80M	0.00M	0.00M	0.00M	0.00M
Accumulated OCI	-9.41M	421.90M	421.90M	-10.78M	3.01M	7.03M	0.00M	2.94M	35.54M	38.61M	28.63M	22.51M	-2.71M	-2.85M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Minority Interest	1.13M	1.17M	1.17M	1.34M	1.44M	1.49M	2.34M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.75M	0.88M	1.06M	0.00M	-8.00M	-1.54M
Total Shareholders’ Equity	465.47M	459.68M	459.68M	449.54M	474.75M	475.05M	436.29M	421.20M	430.77M	423.62M	412.66M	397.35M	364.59M	324.78M	276.75M	227.76M	0.00M	25.27M	25.39M	15.80M	0.00M	0.00M	27.52M	27.49M
Total Equity	466.60M	460.85M	460.85M	450.88M	476.19M	476.54M	438.62M	421.20M	430.77M	423.62M	412.66M	397.35M	364.59M	324.78M	276.75M	227.76M	0.00M	25.27M	24.63M	16.68M	1.06M	0.00M	19.52M	25.94M
Total Liabilities & Equity	582.05M	618.21M	618.21M	597.99M	630.18M	632.35M	588.02M	573.79M	584.05M	578.80M	575.35M	508.44M	441.04M	394.97M	358.16M	359.69M	143.22M	132.58M	113.42M	93.11M	40.32M	-0.97M	85.06M	146.61M
Tangible Assets	510.49M	505.45M	505.45M	472.29M	485.34M	476.65M	455.60M	427.24M	427.80M	408.49M	388.18M	474.93M	484.11M	467.24M	406.25M	496.19M	449.36M	406.83M	390.31M	360.47M	220.39M	323.46M	45.96M	400.89M
Tangible Equity	320.37M	308.99M	308.99M	283.59M	295.46M	285.18M	242.67M	226.72M	242.22M	239.43M	226.58M	346.43M	335.38M	295.57M	250.94M	201.95M	-25.81M	-0.54M	-1.18M	-9.13M	-24.91M	0.00M	-4.27M	-1.52M
Tangible Book Value	320.37M	308.99M	308.99M	283.59M	295.46M	285.18M	242.67M	226.72M	242.22M	239.43M	226.58M	346.43M	335.38M	295.57M	250.94M	201.95M	-25.81M	-0.54M	-1.18M	-9.13M	-24.91M	0.00M	-4.27M	-1.52M
Total Investments	4.34M	2.10M	2.10M	4.31M	2.10M	2.10M	2.10M	2.10M	4.63M	4.32M	4.41M	4.39M	8.28M	14.63M	10.66M	5.19M	2.70M	2.51M	26.91M	3.09M	3.06M	322.11M	1.27M	10.13M
Net Debt	-322.27M	-124.62M	-124.62M	-309.88M	-302.36M	-290.47M	-291.02M	-200.73M	-255.55M	-246.55M	-229.40M	-332.12M	-342.64M	-304.78M	-274.81M	-321.09M	-260.98M	-288.05M	-243.02M	-190.35M	-163.82M	-1.35M	-121.89M	-145.41M

Capital Metrics

Metric	MRQ	MRQ-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31
Working Capital	297.2M	284.5M	284.5M	271.4M	273.4M	263.9M	259.1M	215.2M	213.9M	201.5M	191.9M	302.7M	317.5M	314.3M	311.4M	319.4M	304.7M	285.4M	268.9M	256.6M	240.0M	1.6M	254.0M	234.7M
Total Capital	525.2M	520.4M	520.4M	513.8M	533.7M	540.4M	520.3M	491.1M	478.1M	453.0M	441.5M	428.6M	422.8M	412.4M	400.2M	406.6M	396.2M	351.0M	336.5M	328.4M	308.6M	323.7M	319.5M	315.0M
Capital Employed	525.3M	522.5M	522.5M	518.0M	539.3M	548.0M	533.4M	497.7M	490.8M	468.2M	459.0M	431.5M	424.0M	413.6M	401.3M	387.1M	373.1M	353.3M	336.6M	330.1M	309.6M	323.7M	327.5M	316.6M
Invested Capital	198.3M	391.5M	391.5M	197.7M	223.9M	242.0M	224.6M	290.3M	222.5M	206.4M	212.1M	96.5M	80.2M	107.6M	125.4M	63.0M	108.7M	63.0M	93.5M	138.1M	144.7M	322.4M	197.6M	169.6M

Cash Flow Statement

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31
Net Income	62.77M	97.70M	39.33M	33.35M	51.43M	57.63M	61.64M	60.20M	75.20M	60.85M	56.80M	50.08M	55.32M	55.12M	51.10M	56.49M	55.71M	50.79M	37.73M	27.97M	11.85M	7.47M	2.06M	5.67M
Depreciation & Amortization	31.12M	38.80M	22.58M	21.62M	19.55M	14.03M	12.56M	14.30M	8.08M	8.86M	8.89M	3.37M	1.96M	1.19M	1.52M	1.68M	2.19M	2.46M	3.20M	6.38M	6.99M	8.94M	11.05M	7.87M
Deferred Income Tax	0.00M	-80.67M	0.00M	-36.16M	0.00M	-1.12M	-4.48M	-8.80M	-10.92M	-15.27M	-7.98M	-14.71M	-15.99M	-9.62M	-33.97M	-21.43M	-17.40M	-2.61M	9.33M	0.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	0.51M	2.26M	1.25M	1.49M	1.18M	0.84M	1.50M	2.11M	1.86M	0.69M	0.71M	0.89M	1.07M	0.84M	0.63M	1.06M	1.24M	0.73M	0.68M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	21.36M	-13.67M	-2.84M	8.84M	-1.17M	-12.19M	9.37M	-15.50M	-8.51M	3.92M	-21.75M	2.31M	-1.37M	3.87M	27.05M	16.53M	-18.71M	41.16M	20.90M	-22.55M	-12.19M	74.01M	-29.94M	-87.60M
Accounts Receivable	-1.80M	-1.38M	-11.74M	9.11M	-5.73M	-6.40M	5.52M	-6.01M	-7.83M	-3.50M	-7.52M	0.93M	-9.87M	4.18M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	0.01M	0.01M	0.00M	0.00M	0.02M	-0.03M	0.59M	0.13M	0.71M	-1.40M	0.20M	0.48M	9.50M	0.99M	0.24M	6.05M	-13.19M	6.04M	-2.38M	1.12M	7.76M	-8.78M	-5.60M	6.15M
Accounts Payable	12.60M	0.57M	2.42M	-0.54M	5.48M	-3.40M	1.48M	-9.07M	-0.18M	3.50M	7.52M	-0.93M	9.87M	-4.18M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Working Capital	10.55M	-12.86M	6.47M	0.27M	-0.93M	-2.36M	1.78M	-0.54M	-1.22M	8.82M	-14.42M	0.90M	-1.00M	-1.30M	26.80M	10.48M	-5.52M	35.12M	23.28M	-23.68M	-19.95M	82.78M	-24.34M	-93.75M
Other Non-Cash Items	-11.90M	84.99M	-16.28M	21.30M	-10.36M	-2.84M	-2.25M	-4.14M	-7.27M	-3.85M	-4.08M	-8.85M	-11.41M	-8.70M	-9.09M	-0.52M	-3.04M	-4.98M	-5.52M	26.43M	14.28M	-4.95M	-16.08M	-4.36M
Net Cash from Operating Activities	103.86M	129.42M	44.03M	50.44M	60.64M	56.35M	78.34M	48.17M	58.43M	55.19M	32.60M	33.08M	29.58M	42.70M	37.24M	53.81M	19.99M	87.56M	66.31M	38.22M	20.93M	85.47M	-32.90M	-78.42M
Capital Expenditures (PPE)	-6.84M	-3.59M	0.00M	-0.42M	-0.94M	-2.54M	-5.62M	-13.42M	-11.62M	-5.04M	-1.46M	-1.45M	-6.31M	-0.53M	-1.75M	-0.87M	-0.86M	-2.11M	-2.44M	-1.38M	-1.83M	-1.60M	-3.93M	-18.96M
Acquisitions (Net)	76.80M	143.96M	0.00M	0.00M	0.00M	0.02M	0.21M	-9.20M	0.01M	-14.80M	-89.62M	-14.99M	12.01M	-0.56M	9.93M	25.40M	7.46M	2.68M	5.72M	-3.63M	-0.89M	0.00M	1.79M	-0.64M
Purchases of Investments	-77.58M	-261.06M	0.00M	-136.17M	0.00M	-113.98M	-14.36M	-95.70M	-0.01M	11.16M	-31.62M	-2.53M	-3.89M	-57.38M	-53.45M	-19.41M	-23.45M	-10.79M	-12.09M	-4.52M	-15.52M	-23.58M	-3.00M	0.00M
Sales / Maturities of Investments	181.02M	105.92M	180.24M	0.78M	84.11M	-0.02M	45.80M	9.20M	47.16M	0.43M	4.76M	36.65M	39.64M	20.89M	13.98M	2.09M	27.23M	9.76M	3.52M	4.82M	12.39M	14.91M	8.86M	0.00M
Other Investing Activities	176.65M	-104.60M	-193.40M	15.45M	6.55M	2.50M	11.27M	14.70M	6.93M	24.94M	-10.65M	11.25M	1.27M	13.33M	21.73M	5.47M	-22.39M	-5.62M	1.20M	2.31M	10.40M	18.27M	42.37M	-31.35M
Net Cash from Investing Activities	350.05M	-121.51M	-13.16M	-120.36M	89.71M	-114.01M	37.30M	-94.42M	42.46M	16.70M	-128.58M	28.93M	42.73M	-24.26M	-9.57M	12.68M	-11.99M	-6.09M	-4.10M	-2.41M	4.55M	8.00M	46.09M	-50.94M
Net Debt Issuance	-6.44M	0.00M	-5.22M	-7.58M	-6.95M	-7.43M	-4.02M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-22.53M	-3.99M	26.52M	0.00M	0.00M	0.00M	0.00M	-15.00M	3.40M	35.00M
Long-Term Debt Issuance	-6.44M	0.00M	-5.22M	-7.58M	-6.95M	-7.43M	-4.02M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-22.53M	-3.99M	26.52M	0.00M	0.00M	0.00M	0.00M	-15.00M	-20.00M	35.00M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-22.53M	-3.99M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-20.00M	0.00M
Net Stock Issuance	-12.94M	-3.89M	-6.01M	-7.33M	-1.25M	-2.71M	-0.24M	-0.62M	-4.41M	0.00M	0.00M	0.00M	0.00M	-1.96M	-2.64M	-11.54M	-3.05M	-0.58M	-11.61M	-2.05M	-2.90M	-4.70M	0.27M	0.86M
Common Stock Issuance	0.00M	10.08M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-1.37M	0.00M	0.00M	1.14M	0.00M	0.16M	0.00M	0.00M	0.27M	0.86M
Common Stock Repurchased	-12.94M	-3.89M	-6.01M	-7.33M	-1.25M	-2.71M	-0.24M	-0.62M	-4.41M	0.00M	0.00M	0.00M	0.00M	-1.96M	-1.27M	-11.54M	-3.05M	-1.72M	-11.61M	-2.21M	-2.90M	-4.70M	0.00M	0.00M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-53.67M	-89.04M	-26.71M	-44.52M	-43.29M	-44.59M	-32.16M	-51.90M	-36.09M	-48.45M	-33.87M	-38.64M	-38.54M	-36.01M	-31.35M	-29.26M	-29.58M	-29.65M	-15.66M	-7.95M	-8.09M	0.00M	0.00M	0.00M
Common Dividends Paid	-53.67M	-89.04M	-26.71M	-44.52M	-43.29M	-44.59M	-32.16M	-51.90M	-36.09M	-48.45M	-33.87M	-38.64M	-38.54M	-36.01M	-31.35M	-29.26M	-29.58M	-29.65M	-15.66M	-7.95M	-8.09M	0.00M	0.00M	0.00M
Preferred Dividends Paid	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	-4.99M	-15.64M	-1.05M	-0.47M	-0.40M	-0.25M	-1.16M	-6.80M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.06M	0.00M	-0.53M	-0.02M	0.00M	0.00M	0.00M	-22.92M	0.00M	0.00M	-0.30M
Net Cash from Financing Activities	-78.03M	-108.57M	-38.99M	-59.90M	-51.88M	-54.97M	-37.57M	-59.32M	-40.50M	-48.45M	-33.87M	-38.64M	-38.54M	-38.03M	-56.61M	-45.33M	-6.12M	-30.23M	-27.27M	-10.00M	-33.90M	-19.70M	-19.73M	35.56M
Effect of FX on Cash	-157.57M	-3.07M	-1.72M	0.03M	-3.99M	1.42M	2.47M	-2.11M	-4.24M	4.88M	-4.48M	-2.88M	-0.84M	1.53M	0.36M	2.85M	0.93M	0.00M	2.26M	0.72M	0.46M	-0.03M	0.15M	0.06M
Net Change in Cash	289.64M	15.21M	-9.84M	-129.79M	94.47M	-111.21M	80.54M	-107.69M	56.16M	28.31M	-134.33M	20.49M	32.93M	-18.07M	-28.58M	24.02M	2.79M	51.25M	37.20M	26.53M	-7.97M	73.74M	-6.39M	-93.74M
Cash at Beginning of Period	529.05M	900.84M	81.18M	210.97M	116.50M	227.71M	147.17M	254.86M	198.70M	170.39M	304.73M	291.89M	258.96M	277.03M	305.61M	281.59M	278.80M	227.55M	190.35M	163.82M	171.79M	98.05M	104.44M	198.18M
Cash at End of Period	976.84M	916.05M	71.34M	81.18M	210.97M	116.50M	227.71M	147.17M	254.86M	198.70M	170.39M	312.38M	291.89M	258.96M	277.03M	305.61M	281.59M	278.80M	227.55M	190.35M	163.82M	171.79M	98.05M	104.44M
Operating Cash Flow	96.28M	129.42M	44.03M	50.44M	60.64M	56.35M	78.34M	48.17M	58.43M	55.19M	32.60M	33.08M	29.58M	42.70M	37.24M	53.81M	19.99M	87.56M	66.31M	38.22M	20.93M	85.47M	-32.90M	-78.42M
Capital Expenditure	-6.73M	-3.59M	-5.95M	-0.42M	-0.94M	-2.54M	-5.62M	-13.42M	-11.62M	-5.04M	-1.46M	-1.45M	-6.31M	-0.53M	-1.75M	-0.87M	-0.86M	-2.11M	-2.44M	-1.38M	-1.83M	-1.60M	-3.93M	-18.96M
Free Cash Flow	89.55M	125.83M	37.98M	50.02M	59.70M	53.82M	72.72M	34.75M	46.80M	50.15M	31.13M	31.63M	23.27M	42.16M	35.49M	52.94M	19.13M	85.45M	63.87M	36.84M	19.10M	83.87M	-36.83M	-97.38M

Free Cash Flow

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31
EBITDA	57.11M	124.27M	48.24M	35.55M	48.72M	53.77M	44.38M	51.61M	61.35M	50.84M	56.56M	46.22M	40.16M	36.77M	20.17M	31.18M	39.10M	43.76M	38.24M	24.38M	10.23M	10.85M	-5.08M	8.01M
(-) Tax Adjustment	11.66M	12.09M	12.79M	4.27M	4.23M	4.32M	1.24M	3.69M	5.85M	5.45M	6.42M	5.51M	4.74M	4.65M	1.62M	2.73M	4.67M	5.95M	4.97M	0.74M	1.44M	0.33M	0.00M	0.00M
(-) Change In Working Capital	21.36M	-13.67M	-2.84M	8.84M	-1.17M	-12.19M	9.37M	-15.50M	-8.51M	3.92M	-21.75M	2.31M	-1.37M	3.87M	27.05M	16.53M	-18.71M	41.16M	20.90M	-22.55M	-12.19M	74.01M	-29.94M	-87.60M
(-) Capital Expenditure	-6.73M	-3.59M	-5.95M	-0.42M	-0.94M	-2.54M	-5.62M	-13.42M	-11.62M	-5.04M	-1.46M	-1.45M	-6.31M	-0.53M	-1.75M	-0.87M	-0.86M	-2.11M	-2.44M	-1.38M	-1.83M	-1.60M	-3.93M	-18.96M
Unlevered Free Cash Flow	17.36M	122.26M	32.33M	22.01M	44.71M	59.10M	28.15M	49.99M	52.39M	36.44M	70.42M	36.94M	30.48M	27.71M	-10.25M	11.04M	52.29M	-5.46M	9.93M	44.81M	19.15M	-65.09M	20.93M	76.66M
(-) Net Interest Income After Taxes	21.12M	12.32M	9.85M	12.44M	5.07M	2.08M	2.18M	3.85M	6.58M	3.44M	3.62M	7.79M	10.06M	7.60M	8.36M	5.41M	2.70M	0.00M	-1.38M	0.00M	0.00M	0.00M	-0.88M	-0.36M
Net Debt Issuance	-6.44M	0.00M	-5.22M	-7.58M	-6.95M	-7.43M	-4.02M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-22.53M	-3.99M	26.52M	0.00M	0.00M	0.00M	0.00M	-15.00M	3.40M	35.00M
Levered Free Cash Flow	-10.20M	109.94M	17.26M	1.99M	32.69M	49.58M	21.95M	46.14M	45.81M	33.00M	66.80M	29.15M	20.42M	20.11M	-41.14M	1.64M	76.11M	-5.46M	11.31M	44.81M	19.15M	-80.09M	25.20M	112.01M