PW Medtech Group Limited (1358.HK)

Industry: Medical - Instruments & Supplies Sector: Healthcare Currency Used: CN Live Price: $1.30

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Stock Price	0.96	0.62	0.61	0.86	1.66	1.07	1.10	1.31	1.82	1.95	3.05	2.78	2.85
Market Capitalization	1,486.54M	965.63M	950.38M	1,349.84M	2,599.54M	1,689.42M	1,728.95M	2,066.03M	2,963.21M	3,301.53M	5,229.73M	3,534.05M	4,367.77M
(-) Cash & Equivalents	1,707.52M	1,504.82M	1,414.18M	2,347.78M	996.20M	110.36M	94.54M	390.00M	177.11M	253.08M	470.58M	643.92M	70.82M
(+) Total Debt	11.33M	2.59M	36.18M	10.62M	21.53M	584.93M	283.86M	0.00M	0.00M	0.00M	177.00M	95.16M	10.00M
Enterprise Value	-209.65M	-536.60M	-427.63M	-987.32M	1,624.87M	2,163.99M	1,918.27M	1,676.03M	2,786.10M	3,048.44M	4,936.15M	2,985.30M	4,306.95M

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
Revenue	1,539M	994M	769M	675M	537M	271M	247M	362M	311M	287M	320M	516M	608M	457M	332M
Cost of Revenue	703M	435M	349M	294M	238M	105M	99M	140M	116M	112M	109M	129M	165M	147M	113M
Gross Profit	836M	559M	419M	381M	299M	166M	149M	222M	195M	175M	210M	386M	443M	310M	219M
Gross Profit Margin	54.3%	56.3%	54.6%	56.4%	55.7%	61.2%	60.1%	61.3%	62.8%	60.8%	65.8%	74.9%	72.8%	67.9%	66.0%
R&D Expenses	85M	77M	44M	41M	41M	20M	48M	28M	29M	13M	12M	24M	47M	26M	10M
SG&A Expenses	460M	347M	241M	195M	190M	123M	139M	166M	131M	125M	87M	130M	174M	122M	82M
Operating Expenses	477M	402M	240M	194M	176M	515M	-370M	108M	61M	131M	85M	146M	238M	196M	87M
Operating Income (EBIT)	359M	157M	179M	187M	123M	-349M	518M	114M	134M	43M	126M	240M	205M	114M	132M
Operating Income Margin	23.3%	15.8%	23.3%	27.8%	22.9%	-128.5%	209.5%	31.6%	43.0%	15.1%	39.3%	46.6%	33.7%	25.0%	39.7%
Interest Income	69M	81M	51M	44M	35M	57M	6M	2M	1M	2M	2M	6M	22M	0M	0M
Interest Expense	0M	0M	0M	0M	0M	1M	11M	30M	9M	0M	0M	1M	16M	5M	1M
Net Interest Income	69M	81M	50M	44M	35M	57M	-5M	-28M	-7M	2M	2M	5M	6M	-5M	0M
Unusual Items	28M	0M	0M	0M	0M	1,029M	113M	0M	0M	0M	0M	0M	0M	5M	-12M
EBT Excluding Unusual Items	428M	238M	230M	231M	158M	-292M	513M	86M	127M	45M	128M	245M	211M	109M	131M
Pre-Tax Income	456M	238M	230M	231M	158M	737M	627M	86M	127M	45M	128M	245M	211M	114M	120M
Pre-Tax Margin	29.6%	23.9%	29.9%	34.2%	29.4%	271.7%	253.3%	23.7%	40.7%	15.7%	40.0%	47.6%	34.8%	24.9%	36.1%
Income Tax Expense	68M	34M	37M	26M	29M	-2M	-5M	4M	11M	11M	20M	41M	35M	23M	20M
Net Income	299M	155M	151M	153M	106M	739M	632M	82M	115M	5M	109M	209M	177M	78M	45M
Net Income Margin	19.4%	15.6%	19.6%	22.7%	19.8%	272.3%	255.4%	22.6%	36.9%	1.6%	34.1%	40.5%	29.0%	17.0%	13.5%
Depreciation & Amortization	203M	142M	97M	98M	77M	31M	28M	29M	21M	46M	63M	58M	38M	20M	18M
EBITDA	561M	299M	276M	286M	200M	-318M	546M	144M	155M	89M	189M	298M	243M	134M	150M
EBITDA Margin	36.5%	30.1%	36.0%	42.3%	37.3%	-117.1%	220.7%	39.7%	49.9%	31.1%	59.1%	57.9%	40.0%	29.4%	45.1%
NOPAT	305M	134M	150M	166M	100M	-349M	523M	109M	122M	32M	106M	200M	171M	91M	110M
NOPAT Margin	19.8%	13.5%	19.6%	24.6%	18.7%	-128.7%	211.3%	30.1%	39.3%	11.3%	33.1%	38.8%	28.2%	19.9%	33.2%
Owner's Earnings	415M	228M	176M	170M	131M	759M	652M	64M	12M	-210M	-102M	1M	35M	0M	14M
Owner's Earnings Margin	27.0%	22.9%	22.8%	25.1%	24.4%	279.6%	263.4%	17.7%	4.0%	-73.1%	-32.0%	0.1%	5.8%	0.1%	4.1%
EPS (Basic)	0.19	0.10	0.10	0.10	0.07	0.47	0.40	0.05	0.07	0.00	0.07	0.12	0.11	0.06	0.04
EPS (Diluted)	0.19	0.10	0.10	0.10	0.07	0.47	0.40	0.05	0.07	0.00	0.07	0.12	0.10	0.06	0.04
Shares (Basic)	1,535M	1,567M	1,543M	1,566M	1,566M	1,569M	1,569M	1,569M	1,569M	1,576M	1,625M	1,675M	1,670M	1,248M	1,107M
Shares (Diluted)	1,535M	1,567M	1,543M	1,566M	1,566M	1,569M	1,569M	1,569M	1,569M	1,577M	1,627M	1,694M	1,715M	1,275M	1,107M

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
Cash & Cash Equivalents	1,778.50M	1,681.98M	1,681.98M	1,589.66M	1,381.92M	2,284.77M	1,701.78M	132.60M	98.96M	364.26M	149.56M	288.22M	153.82M	1,145.64M	212.47M
Short-Term Investments	0.00M	5.15M	5.15M	4.90M	5.63M	127.00M	0.00M	0.00M	0.00M	0.00M	1.27M	41.40M	1.94M	4.51M	0.00M
Cash & Short-Term Investments	1,778.50M	1,687.13M	1,687.13M	1,594.56M	1,387.55M	2,411.77M	1,701.78M	132.60M	98.96M	364.26M	150.83M	329.62M	155.75M	1,150.15M	212.47M
Net Receivables	114.25M	92.90M	92.90M	109.72M	89.25M	90.67M	109.91M	158.74M	205.45M	163.16M	213.95M	336.39M	333.62M	204.64M	145.52M
Inventory	130.24M	120.28M	120.28M	136.61M	132.23M	33.18M	39.04M	36.38M	40.37M	45.81M	53.75M	123.98M	101.12M	95.05M	72.99M
Other Current Assets	378.04M	193.93M	193.93M	156.60M	337.07M	57.66M	2,235.46M	74.93M	59.83M	1,478.58M	471.22M	19.81M	295.60M	69.12M	2.66M
Total Current Assets	2,401.02M	2,094.24M	2,094.24M	1,997.48M	1,946.10M	2,593.28M	4,086.19M	402.66M	404.61M	2,051.81M	889.75M	809.81M	886.09M	1,518.96M	433.64M
Property, Plant & Equipment	926.15M	922.02M	922.02M	933.01M	958.64M	627.74M	720.91M	748.24M	709.35M	837.82M	687.24M	659.33M	389.58M	201.12M	131.87M
Goodwill	564.09M	564.09M	564.09M	564.09M	564.09M	160.75M	160.75M	160.75M	160.75M	160.75M	533.98M	622.96M	622.96M	249.73M	160.85M
Intangible Assets	1,042.69M	1,068.30M	1,068.30M	363.05M	393.12M	13.93M	17.14M	20.36M	57.29M	74.18M	368.34M	408.95M	436.60M	107.30M	77.64M
Long-Term Investments	73.35M	46.54M	46.54M	61.28M	90.33M	10.00M	884.08M	3,699.40M	3,568.91M	1,067.34M	1,585.20M	1,681.06M	1,434.36M	549.76M	0.00M
Tax Assets	0.00M	0.00M	0.00M	10.29M	23.02M	23.33M	14.73M	9.17M	2.51M	5.41M	4.36M	10.18M	14.78M	8.39M	5.93M
Other Non-Current Assets	287.01M	465.74M	465.74M	1,188.75M	-23.02M	-23.33M	-898.80M	-9.17M	-2.51M	-1,072.75M	-1,589.55M	-1,691.24M	-1,449.14M	-558.14M	95.31M
Other Assets	0.00M	0.00M	0.00M	0.00M	1,036.85M	509.33M	298.61M	320.42M	294.06M	44.10M	7.81M	38.23M	47.31M	52.06M	0.00M
Total Non-Current Assets	2,893.28M	3,066.69M	3,066.69M	3,120.47M	3,043.02M	1,321.75M	1,197.41M	4,949.17M	4,790.36M	1,116.85M	1,597.37M	1,729.47M	1,496.45M	610.20M	471.60M
Total Assets	5,294.30M	5,160.93M	5,160.93M	5,117.94M	4,989.11M	3,915.03M	5,283.60M	5,351.83M	5,194.97M	3,168.65M	2,487.11M	2,539.28M	2,382.54M	2,129.16M	905.24M
Accounts Payable	49.69M	41.79M	41.79M	38.92M	27.84M	10.58M	15.02M	13.35M	15.48M	15.78M	26.68M	39.13M	29.13M	33.87M	16.24M
Short-Term Debt	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	10.00M	587.07M	567.72M	0.00M	0.00M	0.00M	75.00M	93.00M	30.00M
Tax Payables	0.00M	27.42M	27.42M	17.80M	44.55M	9.63M	5.35M	9.96M	2.90M	1.01M	10.10M	10.90M	11.13M	10.47M	11.13M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	-3.11M	-2.44M	0.00M	-589.62M	-567.72M	0.00M	0.00M	0.00M	-75.00M	-93.00M	0.00M
Other Current Liabilities	148.87M	76.49M	76.49M	61.86M	84.44M	57.32M	88.29M	678.93M	79.06M	155.29M	22.53M	82.68M	48.18M	50.93M	20.56M
Total Current Liabilities	198.56M	145.70M	145.70M	118.57M	153.72M	75.09M	118.67M	699.69M	97.44M	172.08M	59.31M	132.71M	88.44M	95.28M	77.93M
Long-Term Debt	15.00M	5.80M	5.80M	0.00M	0.00M	0.00M	18.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Capital Lease Obligations	5.28M	6.27M	6.27M	1.13M	4.24M	2.44M	2.46M	2.55M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	0.00M	0.00M	0.00M	154.71M	159.47M	2.16M	2.73M	3.73M	9.63M	28.71M	53.44M	60.86M	65.32M	16.08M	8.39M
Other Non-Current Liabilities	165.31M	169.74M	169.74M	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 Liabilities	185.59M	181.82M	181.82M	155.84M	163.71M	4.60M	23.19M	6.27M	9.63M	28.71M	53.44M	60.86M	65.32M	16.08M	8.39M
Total Liabilities	384.14M	327.51M	327.51M	274.41M	317.42M	79.69M	141.85M	705.96M	107.07M	200.79M	112.75M	193.56M	153.76M	111.36M	86.32M
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	0.00M	0.00M	0.00M
Common Stock	0.94M	0.94M	0.94M	0.96M	0.96M	0.97M	0.97M	0.97M	0.97M	0.96M	0.98M	1.03M	1.04M	1.03M	0.00M
Retained Earnings	2,171.29M	2,177.15M	2,177.15M	2,160.73M	2,025.55M	1,919.51M	3,242.58M	2,610.76M	2,528.78M	864.67M	742.58M	547.64M	339.05M	162.42M	84.52M
Accumulated OCI	371.66M	383.64M	383.64M	392.77M	428.84M	378.98M	371.96M	503.99M	471.60M	401.90M	71.35M	82.01M	95.67M	87.41M	-19.19M
Minority Interest	860.73M	831.97M	831.97M	780.64M	692.33M	0.00M	-0.16M	-0.16M	-0.15M	183.66M	-0.34M	1.17M	1.17M	0.00M	175.16M
Total Shareholders’ Equity	2,543.89M	2,561.72M	2,561.72M	2,554.47M	2,455.35M	2,299.45M	3,615.50M	3,115.71M	3,001.35M	1,267.54M	814.92M	630.68M	435.76M	250.86M	65.33M
Total Equity	3,404.62M	3,393.69M	3,393.69M	3,335.11M	3,147.68M	2,299.45M	3,615.34M	3,115.55M	3,001.20M	1,451.20M	814.58M	631.84M	436.92M	250.86M	240.49M
Total Liabilities & Equity	3,788.76M	3,721.20M	3,721.20M	3,609.52M	3,465.10M	2,379.14M	3,757.20M	3,821.52M	3,108.27M	1,651.99M	927.33M	825.41M	590.68M	362.22M	326.81M
Tangible Assets	3,687.53M	3,528.54M	3,528.54M	4,190.81M	4,031.91M	3,740.34M	5,105.70M	5,170.72M	4,976.93M	2,933.72M	1,584.79M	1,507.37M	1,322.98M	1,772.14M	666.75M
Tangible Equity	1,797.85M	1,761.31M	1,761.31M	2,407.97M	2,190.48M	2,124.77M	3,437.44M	2,934.44M	2,783.16M	1,216.27M	-87.74M	-400.06M	-622.63M	-106.17M	2.00M
Tangible Book Value	1,797.85M	1,761.31M	1,761.31M	2,407.97M	2,190.48M	2,124.77M	3,437.44M	2,934.44M	2,783.16M	1,216.27M	-87.74M	-400.06M	-622.63M	-106.17M	2.00M
Total Investments	73.35M	51.69M	51.69M	66.18M	95.96M	137.00M	884.08M	3,699.40M	3,568.91M	1,067.34M	1,586.46M	1,722.45M	1,436.30M	554.27M	85.00M
Net Debt	-1,763.50M	-1,676.18M	-1,676.18M	-1,589.66M	-1,381.92M	-2,284.77M	-1,673.78M	454.47M	468.76M	-364.26M	-149.56M	-288.22M	-78.82M	-1,052.64M	-182.47M

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
Working Capital	2,152.1M	1,916.8M	1,916.8M	1,882.3M	1,778.2M	2,488.8M	3,948.2M	-319.5M	-285.7M	1,856.5M	791.4M	636.2M	687.5M	1,306.8M	61.9M
Total Capital	4,020.6M	3,983.5M	3,983.5M	4,045.5M	3,949.5M	3,794.8M	5,138.9M	5,198.3M	5,062.0M	2,759.9M	2,334.3M	2,297.5M	2,185.2M	1,991.7M	379.5M
Capital Employed	5,045.3M	4,983.5M	4,983.5M	5,002.8M	4,821.3M	3,810.6M	5,145.7M	4,629.7M	4,504.7M	2,973.3M	2,388.7M	2,365.7M	2,183.9M	1,917.0M	533.5M
Invested Capital	2,242.2M	2,301.5M	2,301.5M	2,455.8M	2,567.5M	1,510.1M	3,437.1M	5,065.7M	4,963.0M	2,395.6M	2,184.8M	2,009.3M	2,031.3M	846.1M	167.1M

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
Net Income	298.99M	155.05M	229.75M	231.07M	106.04M	739.12M	631.81M	81.98M	1,665.61M	122.08M	194.95M	208.58M	176.63M	77.91M	119.72M
Depreciation & Amortization	98.90M	144.29M	117.75M	98.26M	78.58M	31.41M	28.43M	29.29M	20.04M	19.72M	19.63M	57.98M	38.17M	20.41M	17.93M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	69.54M	49.68M	101.23M	85.95M	0.00M
Stock-Based Compensation	32.87M	0.00M	18.60M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-7.70M	-1.46M	24.14M	19.86M	0.00M
Change in Working Capital	13.12M	-24.35M	47.17M	-15.50M	-33.92M	9.57M	75.93M	13.32M	21.47M	-12.17M	-61.84M	-48.59M	-125.37M	-105.81M	-103.97M
Accounts Receivable	2.46M	-24.76M	13.95M	-11.49M	-28.46M	3.71M	78.59M	9.34M	16.47M	-2.63M	-52.19M	-25.73M	-128.91M	-82.12M	0.00M
Inventory	10.66M	0.41M	15.24M	-4.57M	-5.46M	5.86M	-2.66M	3.98M	5.00M	-9.54M	-9.66M	-22.86M	3.53M	-23.69M	-10.74M
Accounts Payable	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 Working Capital	0.00M	0.00M	17.99M	0.56M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.07M	-7.69M	-93.23M
Other Non-Cash Items	5.92M	63.80M	-94.84M	-102.80M	118.53M	-742.86M	-657.97M	-24.60M	-1,609.42M	54.14M	121.73M	43.10M	-27.47M	40.44M	-8.78M
Net Cash from Operating Activities	449.79M	338.78M	318.43M	211.03M	269.23M	37.24M	78.20M	99.99M	97.71M	183.78M	266.76M	259.98M	86.10M	52.81M	24.91M
Capital Expenditures (PPE)	-48.19M	-69.42M	-56.50M	-47.31M	-52.46M	-11.32M	-7.88M	-47.39M	-123.71M	-260.09M	-274.93M	-265.85M	-179.32M	-98.08M	-48.95M
Acquisitions (Net)	0.00M	-1,013.78M	0.00M	35.99M	-1,013.78M	2,907.18M	2,067.83M	0.00M	-542.74M	454.37M	-29.91M	1.00M	-795.60M	6.02M	-71.09M
Purchases of Investments	0.00M	0.00M	0.00M	-663.00M	-97.27M	-402.00M	0.00M	0.00M	-5.90M	-1,181.75M	-309.70M	-320.00M	668.29M	-9.02M	-3.00M
Sales / Maturities of Investments	0.00M	0.00M	0.00M	663.73M	146.10M	265.00M	0.00M	0.00M	548.64M	1,199.52M	350.86M	280.42M	127.31M	3.00M	-2.79M
Other Investing Activities	43.86M	-142.13M	36.18M	-16.08M	-64.92M	-122.53M	10.06M	1.63M	-794.00M	1.79M	2.72M	271.79M	-222.50M	-33.93M	8.25M
Net Cash from Investing Activities	-4.32M	-1,225.33M	-20.32M	-26.67M	-1,082.33M	2,636.33M	2,070.01M	-45.76M	-917.70M	213.84M	-260.96M	-32.64M	-1,070.11M	-122.99M	-117.58M
Net Debt Issuance	2.23M	-0.84M	5.80M	-0.67M	-83.64M	-28.42M	-567.73M	10.00M	567.72M	0.00M	0.00M	-75.00M	-18.00M	-100.00M	30.00M
Long-Term Debt Issuance	2.23M	-0.84M	5.80M	-0.67M	-83.02M	-28.00M	-567.40M	10.00M	567.72M	0.00M	0.00M	-265.00M	-258.00M	-100.00M	0.00M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	-0.62M	-0.42M	-0.33M	10.00M	0.00M	0.00M	0.00M	190.00M	240.00M	192.00M	30.00M
Net Stock Issuance	-80.22M	-3.06M	-80.22M	0.00M	-3.06M	0.00M	0.00M	0.06M	0.32M	-30.49M	-147.72M	-21.02M	10.59M	1,471.57M	0.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.06M	0.32M	0.39M	0.10M	8.66M	10.59M	1,471.57M	0.00M
Common Stock Repurchased	-80.22M	-3.06M	-80.22M	0.00M	-3.06M	0.00M	0.00M	0.00M	0.00M	-30.49M	-147.72M	-29.68M	0.00M	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	-0.39M	-0.10M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-205.96M	0.00M	-134.37M	-71.60M	0.00M	-2,062.19M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Dividends Paid	-205.96M	0.00M	-134.37M	-71.60M	0.00M	-2,062.19M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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
Other Financing Activities	91.65M	-98.91M	-1.88M	89.80M	1.54M	-0.60M	-10.66M	-30.32M	-8.61M	487.73M	0.10M	0.00M	0.00M	-365.97M	214.03M
Net Cash from Financing Activities	-192.30M	-102.81M	-210.66M	17.53M	-85.16M	-2,091.21M	-578.40M	-20.25M	559.44M	457.25M	-147.62M	-96.02M	-7.41M	1,005.60M	244.03M
Effect of FX on Cash	8.84M	-1.45M	4.89M	5.84M	-4.60M	0.63M	-0.64M	-0.35M	-4.74M	-1.76M	3.15M	3.09M	-0.41M	-2.24M	-0.03M
Net Change in Cash	-1,419.98M	-990.81M	92.33M	207.74M	-902.86M	582.99M	1,569.19M	33.63M	-265.30M	214.70M	-138.66M	134.41M	-991.83M	933.18M	151.32M
Cash at Beginning of Period	3,153.02M	7,523.93M	1,589.66M	1,381.92M	2,284.77M	1,701.78M	132.60M	98.96M	364.26M	149.56M	288.22M	153.82M	1,145.64M	212.47M	61.14M
Cash at End of Period	3,153.02M	6,533.12M	1,681.98M	1,589.66M	1,381.92M	2,284.77M	1,701.78M	132.60M	98.96M	364.26M	149.56M	288.22M	153.82M	1,145.64M	212.47M
Operating Cash Flow	449.79M	338.78M	318.43M	211.03M	269.23M	37.24M	78.20M	99.99M	97.71M	183.78M	266.76M	259.98M	86.10M	52.81M	24.91M
Capital Expenditure	-86.23M	-69.42M	-72.08M	-81.91M	-52.46M	-11.32M	-7.88M	-47.39M	-123.71M	-260.09M	-274.93M	-265.85M	-179.32M	-98.08M	-48.95M
Free Cash Flow	363.57M	269.36M	246.34M	129.12M	216.77M	25.92M	70.33M	52.61M	-26.00M	-76.31M	-8.17M	-5.88M	-93.22M	-45.27M	-24.04M

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
EBITDA	493.60M	277.77M	231.42M	242.92M	145.60M	53.63M	-11.18M	57.19M	56.17M	81.97M	175.04M	290.41M	259.79M	182.81M	144.84M
(-) Tax Adjustment	73.95M	39.73M	37.50M	27.38M	26.66M	0.00M	0.00M	2.56M	4.91M	20.55M	27.67M	48.70M	42.65M	36.70M	23.64M
(-) Change In Working Capital	13.12M	-24.35M	47.17M	-15.50M	-33.92M	9.57M	75.93M	13.32M	21.47M	-12.17M	-61.84M	-48.59M	-125.37M	-105.81M	-103.97M
(-) Capital Expenditure	-86.23M	-69.42M	-72.08M	-81.91M	-52.46M	-11.32M	-7.88M	-47.39M	-123.71M	-260.09M	-274.93M	-265.85M	-179.32M	-98.08M	-48.95M
Unlevered Free Cash Flow	320.31M	191.73M	74.67M	149.13M	100.41M	32.74M	-94.98M	-6.07M	-93.92M	-186.50M	-65.72M	24.44M	163.19M	153.84M	176.23M
(-) Net Interest Income After Taxes	58.51M	69.42M	42.13M	38.75M	28.51M	56.73M	-5.13M	-27.22M	-6.58M	1.33M	1.89M	4.16M	5.42M	-3.84M	-0.14M
Net Debt Issuance	2.23M	-0.84M	5.80M	-0.67M	-83.64M	-28.42M	-567.73M	10.00M	567.72M	0.00M	0.00M	-75.00M	-18.00M	-100.00M	30.00M
Levered Free Cash Flow	264.03M	121.47M	38.34M	109.71M	-11.74M	-52.41M	-657.59M	31.15M	480.38M	-187.83M	-67.60M	-54.72M	139.77M	57.67M	206.37M