Hydratec Industries N.V. (HYDRA.AS)

Industry: Agricultural - Machinery Sector: Industrials Currency Used: NL Live Price: $174.00

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Stock Price	151.50	87.00	80.00	67.25	49.50	71.75	63.00	57.52	40.65	32.90	31.95	22.87	21.25	17.53	14.83	14.90	16.18	16.50	16.50	16.50
Market Capitalization	196.74M	112.83M	103.48M	86.94M	63.87M	92.43M	80.96M	73.35M	50.86M	40.23M	39.05M	27.94M	25.97M	20.74M	17.56M	17.24M	19.13M	19.52M	19.52M	19.52M
(-) Cash & Equivalents	9.16M	10.09M	17.66M	5.22M	5.10M	3.49M	3.98M	4.18M	4.21M	8.73M	10.27M	6.41M	6.80M	4.07M	5.60M	6.78M	7.68M	0.86M	0.89M	0.61M
(+) Total Debt	13.76M	25.66M	25.90M	33.87M	54.04M	55.73M	21.08M	18.72M	19.75M	13.13M	8.58M	17.70M	22.57M	12.87M	7.96M	0.04M	0.00M	0.00M	0.11M	0.16M
Enterprise Value	201.33M	128.40M	111.72M	115.59M	112.81M	144.67M	98.06M	87.89M	66.41M	44.62M	37.36M	39.24M	41.74M	29.54M	19.92M	10.51M	11.45M	18.66M	18.74M	19.07M

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
Revenue	547M	554M	270M	283M	283M	257M	218M	220M	208M	169M	162M	113M	92M	110M	120M	84M	55M	17M	20M	36M	35M	33M	20M
Cost of Revenue	254M	514M	131M	146M	155M	134M	112M	122M	112M	88M	86M	62M	49M	65M	75M	47M	28M	9M	9M	16M	15M	14M	16M
Gross Profit	293M	41M	140M	136M	128M	123M	105M	98M	96M	82M	77M	52M	42M	46M	45M	37M	27M	8M	11M	20M	20M	19M	4M
Gross Profit Margin	53.5%	7.3%	51.7%	48.3%	45.1%	47.8%	48.4%	44.5%	46.2%	48.2%	47.3%	45.7%	46.3%	41.4%	37.5%	44.1%	49.9%	49.1%	56.3%	54.9%	56.5%	57.0%	19.5%
R&D Expenses	4M	2M	2M	2M	2M	0M	1M	1M	1M	1M	1M	1M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	159M	148M	21M	18M	18M	17M	15M	24M	24M	20M	17M	11M	15M	9M	10M	0M	0M	0M	0M	0M	0M	0M	3M
Operating Expenses	236M	239M	114M	114M	105M	100M	99M	87M	88M	73M	70M	46M	36M	39M	38M	32M	24M	10M	10M	17M	16M	17M	3M
Operating Income (EBIT)	56M	-199M	25M	22M	22M	23M	6M	10M	8M	8M	7M	5M	6M	7M	7M	6M	3M	-1M	2M	3M	3M	2M	0M
Operating Income Margin	10.3%	-35.8%	9.3%	7.8%	7.9%	8.8%	2.8%	4.7%	3.7%	5.0%	4.2%	4.8%	6.8%	6.3%	5.9%	6.6%	5.6%	-7.1%	8.4%	8.5%	9.1%	6.1%	2.2%
Interest Income	0M	2M	0M	0M	0M	0M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	2M	2M	1M	1M	1M	1M	2M	1M	1M	1M	1M	0M	0M	1M	1M	0M	0M	0M	0M	0M	0M	0M	0M
Net Interest Income	-2M	0M	-1M	-1M	-1M	-1M	0M	-1M	-1M	-1M	-1M	0M	0M	0M	-1M	0M	0M	0M	0M	0M	0M	0M	0M
Unusual Items	-2M	237M	0M	0M	0M	-1M	-3M	0M	1M	0M	1M	2M	0M	0M	0M	0M	0M	0M	0M	1M	0M	0M	0M
EBT Excluding Unusual Items	54M	-199M	24M	21M	21M	21M	6M	9M	7M	7M	6M	5M	6M	7M	7M	5M	3M	-1M	2M	3M	3M	2M	0M
Pre-Tax Income	53M	39M	24M	21M	21M	21M	3M	9M	8M	7M	7M	8M	6M	6M	7M	5M	3M	-1M	3M	4M	3M	2M	0M
Pre-Tax Margin	9.6%	7.0%	9.0%	7.5%	7.4%	8.0%	1.5%	4.0%	3.7%	4.3%	4.3%	6.8%	6.3%	5.8%	5.5%	6.4%	5.3%	-5.1%	12.8%	12.2%	9.0%	5.6%	2.4%
Income Tax Expense	12M	10M	6M	5M	5M	5M	0M	2M	0M	0M	1M	1M	1M	1M	1M	1M	1M	0M	1M	1M	1M	0M	-1M
Net Income	40M	29M	18M	16M	16M	15M	1M	7M	9M	7M	6M	11M	7M	4M	5M	4M	2M	0M	10M	3M	2M	2M	1M
Net Income Margin	7.4%	5.2%	6.7%	5.6%	5.6%	5.9%	0.6%	3.0%	4.1%	4.2%	3.6%	9.5%	7.5%	3.8%	3.9%	4.9%	3.9%	-1.4%	47.6%	9.3%	6.4%	5.5%	6.0%
Depreciation & Amortization	20M	23M	10M	11M	11M	12M	12M	9M	6M	5M	6M	3M	3M	3M	3M	2M	2M	1M	1M	1M	2M	1M	1M
EBITDA	76M	-176M	35M	33M	33M	34M	18M	20M	14M	14M	12M	9M	9M	10M	10M	8M	5M	-1M	2M	4M	5M	3M	2M
EBITDA Margin	13.9%	-31.7%	13.0%	11.6%	11.7%	13.3%	8.4%	8.9%	6.6%	8.2%	7.6%	7.9%	9.6%	9.4%	8.3%	9.1%	9.1%	-3.1%	11.7%	11.9%	13.5%	10.6%	8.2%
NOPAT	43M	-147M	19M	17M	17M	17M	7M	8M	8M	8M	6M	5M	5M	6M	6M	4M	2M	-1M	1M	2M	2M	2M	1M
NOPAT Margin	7.9%	-26.5%	7.0%	5.8%	6.0%	6.4%	3.0%	3.5%	4.0%	4.9%	3.6%	4.2%	5.4%	5.1%	4.9%	5.0%	4.1%	-5.6%	6.2%	6.5%	6.5%	6.1%	5.4%
Owner's Earnings	45M	33M	21M	15M	16M	20M	8M	4M	1M	5M	3M	11M	5M	2M	3M	4M	2M	0M	9M	2M	3M	2M	2M
Owner's Earnings Margin	8.2%	6.0%	7.9%	5.3%	5.7%	7.8%	3.7%	1.6%	0.4%	2.7%	2.0%	9.3%	5.5%	1.8%	2.4%	4.7%	3.6%	0.2%	43.0%	6.4%	7.3%	5.4%	8.4%
EPS (Basic)	30.95	22.08	14.04	12.11	12.31	11.70	1.01	5.16	6.63	5.60	4.72	8.82	5.62	3.42	3.84	3.07	1.49	-0.21	8.21	2.82	1.85	1.54	0.99
EPS (Diluted)	30.94	22.07	14.03	12.09	12.29	11.70	1.01	5.15	6.63	5.59	4.71	8.82	5.62	3.42	3.84	3.51	1.81	-0.21	8.22	2.82	1.89	1.54	1.01
Shares (Basic)	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M
Shares (Diluted)	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M

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
Cash & Cash Equivalents	11.18M	9.15M	9.15M	11.14M	25.20M	5.20M	4.63M	2.95M	3.50M	7.22M	1.91M	8.25M	11.51M	4.63M	9.99M	1.58M	5.89M	13.55M	15.36M	1.72M	1.79M	1.22M	2.09M
Short-Term Investments	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
Cash & Short-Term Investments	11.18M	9.15M	9.15M	11.14M	25.20M	5.20M	4.63M	2.95M	3.50M	7.22M	1.91M	8.25M	11.51M	4.63M	9.99M	1.58M	5.89M	13.55M	15.36M	1.72M	1.79M	1.22M	2.09M
Net Receivables	57.57M	61.04M	61.04M	54.26M	66.23M	66.39M	57.00M	49.58M	42.86M	40.64M	29.78M	25.53M	12.67M	19.79M	19.02M	17.75M	6.79M	2.71M	2.20M	0.00M	5.98M	5.50M	3.50M
Inventory	26.96M	25.64M	25.64M	38.22M	41.97M	32.87M	26.21M	34.33M	30.58M	23.88M	20.14M	18.95M	10.84M	14.62M	14.70M	17.14M	8.29M	2.85M	3.44M	4.50M	4.09M	3.58M	2.76M
Other Current Assets	0.00M	2.99M	2.99M	11.84M	0.38M	1.88M	0.00M	2.65M	6.64M	10.29M	2.85M	3.66M	1.19M	2.23M	0.33M	17.75M	6.79M	2.71M	2.69M	0.00M	0.00M	0.00M	0.00M
Total Current Assets	95.71M	98.81M	98.81M	115.45M	133.77M	106.33M	87.84M	89.50M	83.59M	82.02M	54.68M	56.39M	36.21M	41.25M	44.04M	54.20M	27.77M	21.82M	23.69M	6.21M	11.85M	10.30M	8.36M
Property, Plant & Equipment	69.48M	73.58M	73.58M	74.69M	72.60M	72.85M	75.96M	89.34M	58.10M	46.41M	44.28M	41.94M	22.63M	24.43M	22.15M	20.29M	12.29M	3.72M	3.53M	7.26M	6.29M	6.75M	5.14M
Goodwill	0.00M	20.10M	20.10M	20.10M	20.10M	20.10M	20.10M	21.80M	17.88M	15.05M	15.05M	15.07M	15.94M	16.26M	16.26M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	24.46M	4.75M	4.75M	5.58M	7.01M	7.87M	7.44M	7.29M	2.89M	2.83M	2.52M	2.72M	3.78M	2.77M	2.91M	16.77M	2.95M	0.93M	0.19M	0.18M	0.20M	0.13M	0.00M
Long-Term Investments	14.48M	13.90M	13.90M	0.24M	0.30M	0.02M	0.17M	2.63M	0.09M	0.48M	0.67M	0.52M	0.04M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Tax Assets	6.14M	5.27M	5.27M	4.85M	3.71M	5.09M	5.62M	3.71M	3.74M	1.26M	0.31M	2.26M	0.14M	0.14M	0.22M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.63M
Other Non-Current 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	0.06M	0.09M	0.00M	0.59M	0.40M	0.08M	0.08M	0.15M	0.32M	1.02M	0.00M
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
Total Non-Current Assets	114.56M	117.60M	117.60M	105.47M	103.71M	105.93M	109.30M	124.77M	82.71M	66.04M	62.82M	62.52M	42.59M	43.68M	41.54M	37.65M	15.64M	4.73M	3.80M	7.59M	6.82M	7.89M	5.77M
Total Assets	210.27M	216.42M	216.42M	220.92M	237.49M	212.26M	197.13M	214.27M	166.30M	148.06M	117.50M	118.91M	78.79M	84.94M	85.57M	91.85M	43.41M	26.56M	27.49M	13.81M	18.67M	18.19M	14.14M
Accounts Payable	14.66M	18.16M	18.16M	18.61M	19.86M	20.31M	17.15M	24.74M	25.13M	16.44M	18.03M	17.51M	4.55M	7.83M	7.88M	7.71M	1.60M	1.43M	0.86M	2.86M	2.97M	2.95M	1.92M
Short-Term Debt	1.56M	1.59M	1.59M	9.28M	3.47M	7.03M	20.93M	32.57M	4.30M	3.09M	2.53M	4.16M	2.10M	9.63M	11.30M	5.61M	3.20M	0.00M	0.00M	0.00M	0.06M	0.10M	0.18M
Tax Payables	0.00M	1.95M	1.95M	1.51M	6.62M	5.91M	5.29M	2.54M	2.86M	1.30M	1.05M	0.39M	0.43M	1.45M	1.53M	0.00M	0.00M	0.00M	0.42M	0.42M	0.64M	0.25M	0.13M
Deferred Revenue	0.00M	0.00M	0.00M	0.03M	29.20M	41.75M	56.44M	39.01M	49.03M	43.67M	26.90M	31.18M	23.12M	23.49M	20.81M	20.43M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	70.83M	66.31M	66.31M	68.09M	68.49M	30.67M	2.81M	-1.49M	9.94M	8.39M	21.88M	26.22M	17.62M	20.45M	19.08M	18.37M	1.88M	1.34M	1.47M	2.12M	2.52M	2.08M	0.96M
Total Current Liabilities	87.05M	88.00M	88.00M	97.52M	127.63M	105.66M	102.61M	97.37M	91.27M	72.89M	70.38M	79.46M	47.81M	62.85M	60.59M	52.13M	6.68M	2.77M	2.75M	5.41M	6.18M	5.38M	3.20M
Long-Term Debt	10.31M	6.14M	6.14M	7.73M	10.88M	13.26M	19.37M	24.13M	15.44M	10.04M	8.74M	9.09M	5.80M	6.50M	6.19M	7.46M	1.24M	0.09M	0.00M	0.00M	0.16M	0.22M	0.82M
Capital Lease Obligations	0.00M	7.05M	7.05M	7.48M	8.57M	11.09M	10.82M	11.86M	3.06M	4.05M	4.32M	3.74M	0.27M	0.33M	0.38M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	1.64M	1.54M	1.54M	1.28M	0.13M	1.26M	1.39M	2.10M	1.57M	1.25M	1.29M	4.55M	2.27M	2.17M	2.23M	2.54M	0.99M	0.25M	0.13M	0.13M	0.13M	0.24M	0.00M
Other Non-Current Liabilities	5.50M	5.80M	5.80M	6.59M	3.64M	5.57M	6.46M	13.18M	2.59M	1.07M	0.03M	0.98M	0.57M	0.98M	0.05M	1.71M	1.02M	0.11M	0.12M	0.23M	0.19M	0.71M	0.19M
Total Non-Current Liabilities	17.45M	20.52M	20.52M	23.08M	23.22M	31.17M	38.04M	51.26M	22.65M	16.41M	14.37M	18.36M	8.92M	9.97M	8.85M	11.72M	3.25M	0.45M	0.25M	0.35M	0.48M	1.17M	1.01M
Total Liabilities	104.49M	108.52M	108.52M	120.60M	150.84M	136.82M	140.65M	148.63M	113.92M	89.30M	84.75M	97.81M	56.73M	72.82M	69.44M	63.84M	9.93M	3.22M	3.00M	5.76M	6.66M	6.55M	4.20M
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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	0.00M	0.59M	0.59M	0.59M	0.58M	0.58M	0.58M	0.58M	0.58M	0.57M	0.57M	0.55M	0.55M	0.55M	0.55M	0.55M	0.53M	0.53M	0.00M	0.00M	0.53M	0.53M	0.53M
Retained Earnings	0.00M	18.22M	18.22M	15.69M	15.93M	15.12M	1.30M	6.64M	8.51M	7.13M	5.88M	10.78M	6.87M	4.18M	4.70M	3.63M	1.76M	-0.25M	0.00M	0.00M	2.19M	1.82M	1.19M
Accumulated OCI	0.00M	78.97M	78.97M	69.55M	62.98M	54.05M	54.97M	49.44M	-80.54M	-80.21M	-87.44M	-90.17M	-34.41M	-41.53M	-38.80M	-37.78M	-33.60M	-7.61M	0.00M	0.00M	0.00M	0.00M	5.19M
Minority Interest	0.22M	0.21M	0.21M	0.21M	0.10M	0.18M	0.16M	0.50M	0.00M	0.00M	0.00M	0.00M	2.45M	2.09M	2.04M	3.03M	1.71M	0.32M	0.00M	0.00M	0.30M	0.24M	0.24M
Total Shareholders’ Equity	0.00M	97.78M	97.78M	85.83M	79.49M	69.75M	56.85M	56.66M	-71.46M	-72.51M	-80.98M	-78.84M	-26.99M	-36.81M	-33.55M	-33.60M	-31.30M	-7.33M	0.00M	0.00M	2.72M	2.35M	6.91M
Total Equity	0.22M	97.98M	97.98M	86.04M	79.59M	69.93M	57.01M	57.16M	-71.46M	-72.51M	-80.98M	-78.84M	-24.54M	-34.72M	-31.51M	-30.57M	-29.59M	-7.01M	0.00M	0.00M	3.02M	2.59M	7.15M
Total Liabilities & Equity	104.71M	206.50M	206.50M	206.65M	230.43M	206.76M	197.66M	205.79M	42.46M	16.79M	3.77M	18.98M	32.20M	38.10M	37.93M	33.28M	-19.66M	-3.79M	3.00M	5.76M	9.67M	9.15M	11.36M
Tangible Assets	185.81M	191.56M	191.56M	195.23M	210.38M	184.30M	169.59M	185.18M	145.52M	130.18M	99.93M	101.11M	59.08M	65.91M	66.40M	75.08M	40.46M	25.63M	27.30M	13.63M	18.46M	18.06M	14.14M
Tangible Equity	-24.24M	73.13M	73.13M	60.36M	52.48M	41.97M	29.47M	28.07M	-92.24M	-90.39M	-98.55M	-96.64M	-44.25M	-53.75M	-50.69M	-47.33M	-32.54M	-7.94M	-0.19M	-0.18M	2.81M	2.47M	7.15M
Tangible Book Value	-24.24M	73.13M	73.13M	60.36M	52.48M	41.97M	29.47M	28.07M	-92.24M	-90.39M	-98.55M	-96.64M	-44.25M	-53.75M	-50.69M	-47.33M	-32.54M	-7.94M	-0.19M	-0.18M	2.81M	2.47M	7.15M
Total Investments	14.48M	13.90M	13.90M	0.24M	0.30M	0.02M	0.17M	2.63M	0.09M	0.48M	0.67M	0.52M	0.04M	0.09M	0.00M	0.59M	0.40M	0.08M	0.08M	0.15M	0.32M	1.02M	0.00M
Net Debt	0.69M	-1.42M	-1.42M	5.87M	-10.86M	15.09M	35.67M	53.75M	16.23M	5.91M	9.35M	5.00M	-3.61M	11.50M	7.51M	11.49M	-1.45M	-13.46M	-15.36M	-1.72M	-1.57M	-0.90M	-1.10M

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
Working Capital	8.7M	6.0M	6.0M	10.1M	3.7M	-0.4M	-10.9M	-12.7M	6.7M	7.2M	6.2M	2.9M	4.6M	-1.2M	2.4M	1.5M	10.5M	16.6M	18.6M	6.9M	6.5M	4.7M	5.1M
Total Capital	107.1M	119.4M	119.4M	118.3M	108.9M	107.5M	114.2M	133.8M	82.2M	70.1M	64.0M	59.8M	44.0M	46.9M	46.3M	37.5M	25.6M	20.6M	22.2M	14.1M	12.8M	11.5M	10.6M
Capital Employed	123.2M	123.6M	123.6M	115.6M	107.4M	105.6M	98.4M	112.0M	89.4M	73.2M	69.0M	65.4M	47.2M	42.5M	44.0M	39.1M	26.1M	21.3M	22.4M	14.5M	13.3M	12.6M	10.9M
Invested Capital	95.9M	110.2M	110.2M	107.2M	83.7M	102.3M	109.6M	130.8M	78.7M	62.9M	62.1M	51.5M	32.5M	42.3M	36.3M	35.9M	19.7M	7.1M	6.8M	12.4M	11.0M	10.3M	8.5M

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
Net Income	50.43M	28.57M	24.26M	15.69M	20.86M	20.62M	3.27M	8.89M	7.77M	7.31M	6.90M	7.68M	5.80M	6.44M	6.54M	5.42M	3.07M	-1.22M	2.20M	4.36M	3.15M	2.01M	1.19M
Depreciation & Amortization	19.90M	22.93M	9.94M	10.86M	10.84M	11.59M	12.09M	9.28M	6.27M	5.46M	5.54M	3.48M	2.61M	3.43M	2.85M	2.18M	1.93M	0.68M	0.67M	1.21M	1.53M	1.48M	1.19M
Deferred Income Tax	0.00M	6.78M	0.00M	0.00M	-0.14M	-0.15M	0.00M	-0.04M	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
Stock-Based Compensation	0.12M	0.15M	0.00M	0.00M	0.00M	0.15M	0.00M	0.04M	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
Change in Working Capital	-13.45M	23.53M	12.53M	-25.99M	19.57M	3.96M	6.67M	-1.51M	-4.44M	3.56M	-6.51M	1.24M	2.49M	-4.66M	0.61M	3.64M	-2.12M	0.82M	1.78M	-0.36M	-1.38M	1.89M	-0.02M
Accounts Receivable	18.84M	-13.67M	2.95M	15.89M	-3.38M	-10.29M	-16.28M	15.50M	0.72M	-7.50M	-3.05M	-1.09M	5.83M	-2.05M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.21M
Inventory	12.59M	-15.29M	13.00M	-0.42M	-8.98M	-6.31M	2.92M	5.43M	-4.38M	-3.74M	-1.11M	-0.91M	0.75M	0.07M	2.46M	2.87M	-1.53M	0.59M	1.06M	-0.41M	-0.49M	0.57M	-0.29M
Accounts Payable	0.00M	0.00M	-3.42M	-41.46M	31.94M	20.56M	20.04M	-15.50M	-0.72M	14.79M	-2.36M	3.23M	-5.83M	2.05M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.47M
Other Working Capital	-44.88M	52.49M	-3.42M	0.00M	31.94M	20.56M	20.04M	-6.93M	-0.06M	13.64M	0.80M	-2.55M	-4.09M	-2.68M	-1.85M	0.77M	-0.59M	0.22M	0.72M	0.05M	-0.89M	1.31M	0.00M
Other Non-Cash Items	9.14M	45.22M	-9.20M	4.17M	-7.67M	-2.51M	0.91M	-9.49M	-0.09M	-2.36M	-0.17M	-4.84M	-1.52M	-1.00M	-0.19M	-0.35M	-0.77M	0.38M	-0.33M	-0.94M	-0.60M	-0.20M	-0.61M
Net Cash from Operating Activities	66.14M	50.86M	37.53M	4.74M	43.46M	33.66M	22.95M	7.17M	9.51M	13.96M	5.76M	7.55M	9.38M	4.21M	9.81M	10.89M	2.12M	0.65M	4.32M	4.28M	2.70M	5.17M	1.75M
Capital Expenditures (PPE)	-14.35M	-18.05M	-6.11M	-11.57M	-10.83M	-6.71M	-5.27M	-12.35M	-13.70M	-8.02M	-8.24M	-3.65M	-4.43M	-5.58M	-4.65M	-2.38M	-2.06M	-0.41M	-1.61M	-2.27M	-1.24M	-1.54M	-0.70M
Acquisitions (Net)	-13.03M	0.00M	-13.03M	0.00M	2.16M	0.08M	-1.00M	-21.24M	-0.87M	0.00M	0.00M	-9.41M	0.00M	0.00M	0.00M	-15.91M	-5.99M	-0.87M	0.00M	0.00M	0.00M	0.00M	0.00M
Purchases of Investments	-0.15M	0.00M	-0.15M	0.00M	-0.02M	-0.04M	-0.17M	-0.34M	-0.44M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.19M	0.00M	0.00M	0.00M	0.00M	0.00M	-3.44M	0.00M
Sales / Maturities of Investments	0.00M	0.00M	0.00M	0.00M	-2.16M	-0.08M	1.64M	0.76M	0.48M	0.02M	0.16M	0.00M	0.00M	0.07M	0.14M	0.12M	0.00M	0.00M	10.20M	0.00M	0.00M	0.00M	0.00M
Other Investing Activities	-0.49M	1.04M	-0.69M	0.28M	2.16M	0.08M	0.23M	1.47M	-0.48M	-0.68M	0.05M	9.47M	12.30M	0.01M	0.06M	0.05M	0.17M	0.00M	2.07M	0.05M	0.09M	0.31M	0.00M
Net Cash from Investing Activities	-28.01M	-17.01M	-19.97M	-11.29M	-8.68M	-6.66M	-4.58M	-31.70M	-15.01M	-8.00M	-8.09M	-3.59M	7.87M	-5.49M	-4.45M	-18.30M	-7.88M	-1.28M	10.65M	-2.22M	-1.15M	-4.67M	-0.70M
Net Debt Issuance	-9.48M	0.00M	-9.48M	2.72M	-6.48M	-20.18M	-11.51M	2.09M	6.29M	1.83M	1.15M	-5.60M	-3.00M	0.39M	0.10M	4.01M	-0.41M	-0.04M	0.00M	0.00M	-0.10M	-1.09M	-0.27M
Long-Term Debt Issuance	-1.86M	0.00M	-1.86M	-3.40M	-7.26M	-6.61M	-3.31M	2.09M	6.29M	1.83M	1.15M	-5.45M	-3.00M	0.39M	0.10M	4.01M	-0.41M	-0.04M	0.00M	0.00M	-0.06M	-1.09M	-0.27M
Short-Term Debt Issuance	-7.62M	0.00M	-7.62M	6.12M	0.78M	-13.57M	-8.20M	0.00M	0.00M	0.00M	0.00M	-0.15M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.04M	0.00M	0.00M
Net Stock Issuance	-0.31M	-0.27M	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
Common 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
Common Stock Repurchased	-0.31M	-0.27M	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
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
Net Dividends Paid	-15.45M	-16.39M	-7.66M	-7.62M	-5.84M	-2.91M	0.00M	-3.47M	-2.89M	-2.16M	-1.67M	-1.67M	-1.67M	-1.89M	-1.47M	-1.18M	-1.18M	-1.18M	-1.18M	-1.89M	-0.89M	-0.28M	-0.26M
Common Dividends Paid	-15.45M	-16.39M	-7.66M	-7.62M	-5.84M	-2.91M	0.00M	-3.47M	-2.89M	-2.16M	-1.67M	-1.67M	-1.67M	-1.89M	-1.47M	-1.18M	-1.18M	-1.18M	-1.18M	-1.89M	-0.89M	-0.28M	-0.26M
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	-1.93M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	-9.97M	-13.18M	-1.98M	-2.50M	-2.25M	-3.48M	-4.52M	-3.60M	-1.34M	0.00M	0.00M	-2.18M	-0.27M	-0.75M	-0.32M	-0.16M	-0.27M	0.00M	0.00M	-0.22M	0.00M	0.00M	0.00M
Net Cash from Financing Activities	-35.20M	-29.84M	-19.12M	-7.41M	-14.58M	-26.57M	-16.03M	-4.98M	2.06M	-0.33M	-0.52M	-9.61M	-3.72M	-2.26M	-1.69M	0.73M	-1.87M	-1.22M	-1.18M	-2.11M	-0.99M	-1.38M	-0.53M
Effect of FX on Cash	-0.79M	-0.20M	-0.43M	-0.11M	-0.20M	0.14M	-0.66M	-0.10M	-0.18M	-0.16M	-0.26M	0.09M	0.00M	-0.02M	0.00M	0.02M	-0.03M	0.03M	-0.15M	-0.02M	0.01M	0.00M	0.00M
Net Change in Cash	22.42M	3.81M	-1.99M	-14.07M	20.00M	0.57M	1.68M	-29.61M	-3.62M	5.47M	-3.11M	-5.56M	13.53M	-3.55M	3.68M	-6.66M	-7.66M	-1.81M	13.65M	-0.07M	0.57M	-0.88M	0.00M
Cash at Beginning of Period	18.23M	45.75M	11.14M	25.20M	5.20M	4.63M	2.95M	3.20M	6.82M	1.35M	4.46M	10.02M	-3.52M	0.04M	-3.64M	3.02M	13.55M	15.36M	1.72M	1.79M	1.22M	2.09M	0.00M
Cash at End of Period	40.64M	49.56M	9.15M	11.14M	25.20M	5.20M	4.63M	-26.40M	3.20M	6.82M	1.35M	4.46M	10.02M	-3.52M	0.04M	-3.64M	5.89M	13.55M	15.36M	1.72M	1.79M	1.22M	2.09M
Operating Cash Flow	66.14M	50.86M	37.53M	4.74M	43.46M	33.66M	24.56M	7.17M	9.51M	13.96M	5.76M	7.55M	9.38M	4.21M	9.81M	10.89M	2.12M	0.65M	4.32M	4.28M	2.70M	5.17M	1.75M
Capital Expenditure	-15.08M	-18.05M	-6.83M	-11.62M	-10.83M	-6.71M	-5.27M	-12.35M	-13.70M	-8.02M	-8.24M	-3.65M	-4.43M	-5.58M	-4.65M	-2.38M	-2.06M	-0.41M	-1.61M	-2.27M	-1.24M	-1.54M	-0.70M
Free Cash Flow	51.07M	32.81M	30.70M	-6.89M	32.63M	26.96M	19.29M	-5.18M	-4.19M	5.94M	-2.48M	3.90M	4.95M	-1.37M	5.16M	8.51M	0.05M	0.24M	2.71M	2.01M	1.46M	3.63M	1.05M

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
EBITDA	149.45M	-86.67M	126.46M	127.04M	118.90M	117.82M	101.19M	82.53M	77.58M	66.40M	64.36M	43.37M	29.00M	39.54M	37.46M	39.29M	29.42M	9.18M	12.15M	20.87M	21.18M	20.16M	1.64M
(-) Tax Adjustment	35.35M	-22.44M	31.38M	31.80M	28.72M	31.37M	0.00M	20.91M	0.00M	1.77M	9.61M	5.87M	6.17M	7.64M	6.59M	9.11M	7.80M	3.13M	3.15M	4.96M	5.99M	0.13M	0.00M
(-) Change In Working Capital	-13.45M	23.53M	12.53M	-25.99M	19.57M	3.96M	6.67M	-1.51M	-4.44M	3.56M	-6.51M	1.24M	2.49M	-4.66M	0.61M	3.64M	-2.12M	0.82M	1.78M	-0.36M	-1.38M	1.89M	-0.02M
(-) Capital Expenditure	-15.08M	-18.05M	-6.83M	-11.62M	-10.83M	-6.71M	-5.27M	-12.35M	-13.70M	-8.02M	-8.24M	-3.65M	-4.43M	-5.58M	-4.65M	-2.38M	-2.06M	-0.41M	-1.61M	-2.27M	-1.24M	-1.54M	-0.70M
Unlevered Free Cash Flow	112.47M	-105.80M	75.71M	109.60M	59.79M	75.79M	89.25M	50.78M	68.31M	53.05M	53.02M	32.61M	15.91M	30.98M	25.60M	24.16M	21.67M	4.83M	5.61M	14.01M	15.34M	16.60M	0.95M
(-) Net Interest Income After Taxes	-1.45M	0.00M	-0.75M	-0.72M	-0.70M	-1.03M	-0.07M	-1.01M	-1.17M	-0.98M	-1.08M	-0.13M	-0.33M	-0.36M	-0.43M	-0.08M	-0.11M	0.22M	0.30M	0.01M	-0.02M	-0.17M	-0.07M
Net Debt Issuance	-9.48M	0.00M	-9.48M	2.72M	-6.48M	-20.18M	-11.51M	2.09M	6.29M	1.83M	1.15M	-5.60M	-3.00M	0.39M	0.10M	4.01M	-0.41M	-0.04M	0.00M	0.00M	-0.10M	-1.09M	-0.27M
Levered Free Cash Flow	104.44M	-105.80M	66.98M	113.04M	54.01M	56.64M	77.81M	53.88M	75.77M	55.85M	55.24M	27.14M	13.24M	31.73M	26.14M	28.24M	21.38M	4.57M	5.31M	13.99M	15.26M	15.69M	0.75M