Gibus S.p.A. (GBUS.MI)

Industry: Manufacturing - Miscellaneous Sector: Industrials Currency Used: IT Live Price: $9.95

Enterprise Value

Metric	2023	2022	2021	2020	2019	2018
Stock Price	13.88	15.05	14.95	5.26	6.03	6.00
Market Capitalization	69.26M	75.18M	74.87M	26.34M	30.20M	30.05M
(-) Cash & Equivalents	18.10M	19.90M	19.02M	15.38M	4.98M	-1.78M
(+) Total Debt	41.96M	23.37M	6.95M	11.14M	4.23M	2.01M
Enterprise Value	93.12M	78.66M	62.80M	22.11M	29.45M	33.83M

Income Statement

Metric	TTM	TTM-1	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31
Revenue	177M	145M	91M	80M	73M	45M	41M	34M	33M
Cost of Revenue	103M	87M	38M	45M	43M	29M	29M	24M	22M
Gross Profit	74M	58M	53M	34M	30M	16M	12M	10M	10M
Gross Profit Margin	41.7%	39.9%	58.2%	43.1%	41.0%	35.6%	30.0%	30.3%	31.0%
R&D Expenses	11M	13M	6M	6M	6M	4M	3M	2M	2M
SG&A Expenses	44M	15M	12M	10M	6M	5M	6M	5M	5M
Operating Expenses	52M	29M	45M	18M	14M	10M	9M	7M	7M
Operating Income (EBIT)	22M	29M	8M	16M	16M	6M	3M	3M	3M
Operating Income Margin	12.5%	20.0%	8.8%	20.2%	21.7%	13.7%	8.4%	8.6%	10.0%
Interest Income	7M	5M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	7M	2M	2M	4M	2M	0M	0M	0M	0M
Net Interest Income	-1M	3M	-1M	-4M	-1M	0M	0M	0M	0M
Unusual Items	-3M	1M	0M	7M	4M	1M	0M	0M	0M
EBT Excluding Unusual Items	22M	32M	7M	12M	14M	6M	3M	3M	3M
Pre-Tax Income	19M	34M	7M	19M	19M	7M	4M	3M	4M
Pre-Tax Margin	10.7%	23.2%	7.3%	23.7%	25.8%	15.6%	9.3%	9.2%	10.8%
Income Tax Expense	9M	9M	3M	5M	5M	2M	1M	1M	1M
Net Income	10M	25M	4M	14M	14M	5M	3M	2M	2M
Net Income Margin	5.5%	17.4%	4.1%	17.6%	19.3%	12.0%	6.7%	6.7%	7.6%
Depreciation & Amortization	12M	4M	5M	3M	2M	2M	2M	1M	1M
EBITDA	35M	33M	13M	19M	18M	8M	5M	4M	4M
EBITDA Margin	19.6%	22.8%	14.7%	24.1%	24.5%	17.8%	12.5%	12.4%	13.6%
NOPAT	12M	22M	4M	12M	12M	5M	2M	2M	2M
NOPAT Margin	6.5%	15.0%	4.9%	15.0%	16.2%	10.5%	6.0%	6.3%	7.0%
Owner's Earnings	17M	23M	6M	12M	14M	4M	2M	1M	2M
Owner's Earnings Margin	9.5%	15.8%	6.3%	15.4%	18.6%	9.0%	5.7%	2.7%	4.9%
EPS (Basic)	1.97	5.04	0.75	2.82	2.80	1.08	0.55	0.46	0.49
EPS (Diluted)	1.97	5.04	0.74	2.82	2.80	1.08	0.55	0.46	0.49
Shares (Basic)	5M	5M	5M	5M	5M	5M	5M	5M	5M
Shares (Diluted)	5M	5M	5M	5M	5M	5M	5M	5M	5M

Balance Sheet

Metric	MRQ	MRQ-1	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31
Cash & Cash Equivalents	10.86M	19.48M	19.48M	20.28M	22.97M	17.90M	5.24M	1.32M	4.87M
Short-Term Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.24M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	10.86M	19.48M	19.48M	20.28M	22.97M	18.15M	5.24M	1.32M	4.87M
Net Receivables	21.99M	16.49M	13.01M	12.36M	12.88M	8.80M	7.64M	6.93M	6.24M
Inventory	14.78M	15.18M	15.18M	10.92M	8.22M	5.86M	5.50M	4.56M	3.59M
Other Current Assets	5.41M	4.16M	4.16M	19.29M	17.21M	0.30M	0.58M	0.55M	0.30M
Total Current Assets	53.04M	55.31M	51.83M	62.85M	61.28M	33.11M	18.96M	13.36M	15.00M
Property, Plant & Equipment	17.51M	17.93M	17.93M	10.11M	7.69M	6.95M	5.24M	5.02M	4.34M
Goodwill	16.37M	17.36M	17.36M	19.34M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	6.69M	6.80M	6.80M	7.44M	1.95M	2.18M	2.68M	2.48M	1.93M
Long-Term Investments	0.01M	0.01M	0.01M	36.89M	0.05M	0.04M	0.01M	0.01M	0.01M
Tax Assets	0.00M	-0.05M	0.00M	0.00M	0.00M	0.00M	0.14M	0.00M	0.00M
Other Non-Current Assets	1.65M	1.02M	0.97M	0.65M	0.48M	0.37M	0.00M	0.23M	0.15M
Other Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	42.23M	43.07M	43.07M	74.42M	10.16M	9.53M	8.07M	7.74M	6.44M
Total Assets	95.26M	98.38M	94.90M	137.27M	71.45M	42.64M	27.03M	21.10M	21.44M
Accounts Payable	13.53M	10.03M	10.03M	13.27M	15.10M	9.46M	6.59M	5.79M	4.96M
Short-Term Debt	10.45M	8.44M	8.44M	16.58M	3.47M	4.85M	1.38M	2.47M	1.42M
Tax Payables	0.00M	1.15M	1.15M	0.78M	3.28M	1.15M	0.50M	0.24M	0.60M
Deferred Revenue	0.00M	0.20M	0.20M	0.24M	0.41M	0.16M	0.50M	0.05M	0.04M
Other Current Liabilities	3.57M	1.47M	1.47M	2.26M	0.52M	0.07M	0.06M	0.86M	0.43M
Total Current Liabilities	27.55M	21.29M	21.29M	33.12M	22.79M	15.69M	9.03M	9.41M	7.45M
Long-Term Debt	19.86M	31.56M	31.56M	28.42M	2.64M	5.69M	1.88M	1.55M	2.68M
Capital Lease Obligations	0.00M	0.15M	0.15M	0.22M	0.01M	0.07M	0.12M	0.00M	0.00M
Deferred Tax Liabilities	0.00M	2.22M	0.00M	2.26M	0.00M	0.07M	-0.05M	0.00M	0.00M
Other Non-Current Liabilities	5.65M	3.83M	3.98M	1.45M	1.14M	1.14M	0.68M	0.81M	0.86M
Total Non-Current Liabilities	25.52M	37.76M	35.69M	32.36M	3.79M	6.97M	2.63M	2.36M	3.55M
Total Liabilities	53.06M	59.04M	56.98M	65.47M	26.58M	22.65M	11.66M	11.76M	11.00M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	6.60M	6.60M	6.60M	6.60M	6.60M	6.60M	6.60M	5.50M	5.50M
Retained Earnings	34.96M	3.71M	29.12M	10.30M	14.00M	5.42M	3.46M	2.49M	3.99M
Accumulated OCI	-9.02M	25.45M	-3.67M	27.91M	18.84M	7.72M	0.05M	2.56M	3.40M
Minority Interest	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Shareholders’ Equity	32.55M	35.77M	32.06M	44.82M	39.45M	19.75M	10.12M	10.55M	12.89M
Total Equity	32.55M	35.77M	32.06M	44.82M	39.45M	19.75M	10.12M	10.55M	12.89M
Total Liabilities & Equity	85.61M	94.81M	89.03M	110.29M	66.03M	42.40M	21.79M	22.31M	23.88M
Tangible Assets	72.20M	74.22M	70.74M	110.49M	69.50M	40.46M	24.35M	18.61M	19.50M
Tangible Equity	9.49M	11.60M	7.90M	18.04M	37.50M	17.56M	7.44M	8.06M	10.95M
Tangible Book Value	9.49M	11.60M	7.90M	18.04M	37.50M	17.56M	7.44M	8.06M	10.95M
Total Investments	0.01M	0.01M	0.01M	36.89M	0.05M	0.28M	0.01M	0.01M	0.01M
Net Debt	19.45M	20.52M	20.52M	24.72M	-16.87M	-7.36M	-1.98M	2.70M	-0.76M

Capital Metrics

Metric	MRQ	MRQ-1	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31
Working Capital	19.1M	28.6M	28.6M	18.2M	23.5M	15.8M	8.7M	2.6M	6.0M
Total Capital	66.2M	75.5M	75.5M	80.0M	35.0M	28.8M	17.4M	12.1M	13.0M
Capital Employed	61.4M	71.7M	71.7M	68.1M	33.6M	25.3M	16.7M	10.3M	12.4M
Invested Capital	55.3M	56.0M	56.0M	59.8M	12.1M	10.9M	12.2M	10.8M	8.1M

Cash Flow Statement

Metric	TTM	TTM-1	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31
Net Income	9.80M	25.24M	3.71M	14.07M	14.00M	5.43M	2.75M	2.29M	2.47M
Depreciation & Amortization	10.02M	4.10M	5.44M	2.22M	1.98M	1.82M	1.68M	1.29M	1.17M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	2.63M	1.83M	-1.02M	-2.26M	0.63M	3.10M	-0.47M	-0.05M	2.12M
Accounts Receivable	0.01M	-10.06M	-0.68M	0.47M	-4.91M	-0.76M	-1.02M	-0.43M	-0.17M
Inventory	3.91M	-3.76M	4.29M	-3.13M	-2.88M	-0.40M	-0.99M	-0.90M	0.16M
Accounts Payable	-5.99M	9.03M	-3.24M	-2.17M	5.64M	2.84M	0.80M	0.83M	1.00M
Other Working Capital	-6.34M	6.63M	-1.38M	2.57M	2.79M	1.42M	0.74M	0.45M	1.13M
Other Non-Cash Items	7.33M	10.68M	0.04M	-5.94M	-1.74M	-0.44M	4.19M	1.92M	0.67M
Net Cash from Operating Activities	15.45M	28.86M	8.17M	8.09M	14.87M	9.91M	3.59M	2.37M	5.08M
Capital Expenditures (PPE)	-5.36M	-6.43M	-2.43M	-4.92M	-2.53M	-3.26M	-2.10M	-2.66M	-2.03M
Acquisitions (Net)	-29.37M	0.04M	0.00M	0.05M	0.03M	0.04M	0.05M	0.00M	0.21M
Purchases of Investments	-5.28M	-0.01M	0.00M	-5.28M	-0.01M	0.00M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	0.00M	0.00M	0.00M	5.28M	0.24M	0.01M	0.00M	0.00M	0.00M
Other Investing Activities	-4.16M	-0.50M	-0.94M	-36.84M	0.24M	-0.36M	-0.97M	-1.13M	-0.45M
Net Cash from Investing Activities	-40.94M	-6.10M	-3.37M	-41.71M	-2.27M	-3.21M	-2.05M	-2.66M	-1.82M
Net Debt Issuance	-1.08M	-6.85M	-5.00M	36.16M	-4.85M	7.66M	0.20M	-1.42M	-0.45M
Long-Term Debt Issuance	-1.08M	-6.85M	-5.00M	36.16M	-4.85M	7.66M	0.20M	-1.42M	-0.45M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	-0.42M	-0.17M	-0.23M	-0.24M	0.02M	-0.01M	5.00M	-3.17M	-0.85M
Common Stock Issuance	0.00M	-0.02M	0.00M	0.00M	0.02M	0.00M	5.00M	0.00M	0.00M
Common Stock Repurchased	-0.48M	-0.14M	-0.23M	-0.24M	0.00M	-0.01M	0.00M	-3.17M	-0.85M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-4.98M	-9.06M	-2.50M	-5.00M	-2.70M	-1.35M	-1.80M	0.00M	0.00M
Common Dividends Paid	-4.98M	-9.06M	-2.50M	-5.00M	-2.70M	-1.35M	-1.80M	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
Other Financing Activities	6.87M	0.02M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Cash from Financing Activities	4.53M	-16.07M	-7.72M	30.92M	-7.53M	6.30M	3.40M	-4.59M	-1.30M
Effect of FX on Cash	2.11M	0.00M	0.00M	0.00M	0.00M	-0.33M	-1.02M	0.00M	0.00M
Net Change in Cash	-8.66M	6.69M	-2.93M	-2.70M	5.07M	12.66M	3.92M	-3.55M	1.97M
Cash at Beginning of Period	78.12M	68.79M	22.41M	22.97M	17.90M	5.24M	1.32M	4.87M	2.90M
Cash at End of Period	69.46M	75.48M	19.48M	20.28M	22.97M	17.90M	5.24M	1.32M	4.87M
Operating Cash Flow	15.45M	28.86M	8.17M	8.09M	14.87M	9.91M	3.59M	2.37M	5.08M
Capital Expenditure	-5.36M	-6.43M	-3.37M	-4.92M	-2.53M	-3.26M	-2.10M	-2.66M	-2.03M
Free Cash Flow	10.09M	22.43M	4.79M	3.17M	12.34M	6.65M	1.49M	-0.29M	3.05M

Free Cash Flow

Metric	TTM	TTM-1	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31
EBITDA	32.04M	33.97M	40.53M	21.26M	19.62M	9.77M	5.23M	4.09M	4.48M
(-) Tax Adjustment	11.22M	8.57M	14.19M	5.46M	4.96M	2.24M	1.46M	1.10M	1.33M
(-) Change In Working Capital	2.63M	1.83M	-1.02M	-2.26M	0.63M	3.10M	-0.47M	-0.05M	2.12M
(-) Capital Expenditure	-5.36M	-6.43M	-3.37M	-4.92M	-2.53M	-3.26M	-2.10M	-2.66M	-2.03M
Unlevered Free Cash Flow	12.84M	17.14M	24.00M	13.13M	11.50M	1.18M	2.14M	0.38M	-1.00M
(-) Net Interest Income After Taxes	-0.47M	2.37M	-0.79M	-2.82M	-1.11M	0.02M	-0.05M	-0.03M	-0.07M
Net Debt Issuance	-1.08M	-6.85M	-5.00M	36.16M	-4.85M	7.66M	0.20M	-1.42M	-0.45M
Levered Free Cash Flow	12.23M	7.92M	19.79M	52.12M	7.76M	8.82M	2.39M	-1.00M	-1.38M