Oeneo S.A. (0O33.L)

Industry: Packaging & Containers Sector: Consumer Cyclical Currency Used: FR Live Price: $9.34

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2008	2007	2006
Stock Price	10.45	13.90	14.16	12.20	11.10	10.03	10.69	9.10	7.68	5.96	4.41	2.95	2.41	1.95	1.60	1.16	2.42	1.98
Market Capitalization	671.05M	900.39M	909.26M	788.33M	718.79M	644.03M	676.98M	569.05M	474.74M	359.78M	266.99M	177.23M	142.54M	115.14M	83.61M	54.93M	117.18M	96.16M
(-) Cash & Equivalents	33.19M	23.21M	62.59M	77.67M	54.96M	32.81M	50.42M	62.34M	52.38M	27.56M	13.26M	10.65M	12.41M	7.07M	4.49M	17.59M	2.86M	2.99M
(+) Total Debt	104.22M	61.27M	74.17M	89.22M	110.58M	103.23M	111.88M	118.99M	129.49M	85.36M	23.77M	16.81M	26.56M	82.30M	46.66M	71.63M	57.24M	63.62M
Enterprise Value	742.08M	938.45M	920.85M	799.88M	774.41M	714.45M	738.44M	625.70M	551.85M	417.58M	277.51M	183.39M	156.69M	190.38M	125.78M	108.97M	171.57M	156.79M

Income Statement

Metric	TTM	TTM-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31
Revenue	611M	674M	305M	306M	348M	326M	273M	290M	269M	249M	222M	211M	171M	151M	135M	153M	142M	133M	146M	150M	144M	147M	162M
Cost of Revenue	392M	564M	120M	138M	294M	269M	223M	239M	118M	100M	79M	77M	62M	55M	50M	55M	50M	110M	55M	63M	126M	146M	167M
Gross Profit	218M	110M	185M	168M	54M	57M	50M	51M	151M	149M	143M	134M	109M	96M	85M	98M	92M	23M	90M	87M	18M	0M	-5M
Gross Profit Margin	35.8%	16.4%	60.7%	54.9%	15.4%	17.4%	18.4%	17.5%	56.1%	59.9%	64.4%	63.7%	63.6%	63.4%	63.0%	64.2%	64.6%	17.5%	62.0%	58.0%	12.8%	0.3%	-2.8%
R&D Expenses	0M	0M	1M	0M	0M	0M	0M	0M	4M	4M	4M	4M	0M	0M	0M	0M	0M	2M	0M	0M	0M	0M	0M
SG&A Expenses	161M	182M	7M	103M	130M	116M	99M	2M	93M	89M	84M	80M	66M	59M	25M	29M	27M	0M	24M	-25M	0M	0M	0M
Operating Expenses	132M	2M	140M	126M	-1M	3M	4M	7M	112M	106M	103M	101M	78M	71M	65M	78M	70M	7M	69M	66M	6M	5M	20M
Operating Income (EBIT)	86M	109M	45M	42M	55M	54M	46M	44M	39M	43M	40M	34M	30M	25M	20M	20M	22M	16M	21M	21M	12M	-5M	-25M
Operating Income Margin	14.1%	16.1%	14.9%	13.7%	15.7%	16.6%	16.9%	15.1%	14.6%	17.2%	18.1%	15.9%	17.9%	16.3%	14.7%	13.0%	15.5%	12.1%	14.5%	13.7%	8.6%	-3.1%	-15.4%
Interest Income	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	10M	3M	5M	5M	2M	2M	2M	1M	1M	1M	1M	1M	1M	1M	1M	2M	3M	6M	8M	8M	7M	7M	7M
Net Interest Income	-9M	-3M	-5M	-5M	-2M	-1M	-2M	-1M	-1M	-1M	-1M	-1M	-1M	-1M	-1M	-2M	-3M	-6M	-8M	-8M	-7M	-7M	-7M
Unusual Items	-1M	-6M	-2M	0M	-2M	-4M	-1M	-2M	0M	0M	0M	0M	0M	0M	0M	12M	-3M	0M	-3M	-2M	1M	13M	-21M
EBT Excluding Unusual Items	77M	105M	40M	37M	53M	53M	44M	42M	38M	42M	39M	32M	30M	24M	18M	18M	19M	11M	13M	13M	5M	-12M	-32M
Pre-Tax Income	76M	100M	39M	38M	51M	48M	43M	41M	38M	42M	39M	33M	30M	24M	19M	30M	16M	11M	10M	11M	6M	1M	-53M
Pre-Tax Margin	12.5%	14.8%	12.7%	12.3%	14.7%	14.8%	15.7%	14.0%	14.3%	16.8%	17.5%	15.4%	17.6%	15.7%	13.9%	19.4%	11.2%	8.2%	6.7%	7.3%	4.2%	0.9%	-32.8%
Income Tax Expense	18M	21M	9M	9M	10M	11M	11M	11M	11M	11M	11M	9M	9M	9M	7M	6M	5M	-1M	-4M	-11M	0M	1M	11M
Net Income	59M	78M	30M	29M	41M	37M	32M	28M	25M	27M	26M	23M	21M	14M	11M	23M	11M	12M	14M	22M	6M	1M	-65M
Net Income Margin	9.6%	11.6%	9.8%	9.4%	11.8%	11.4%	11.6%	9.8%	9.4%	10.7%	11.9%	11.1%	12.4%	9.0%	7.9%	14.7%	7.5%	8.8%	9.8%	15.0%	4.2%	0.6%	-39.7%
Depreciation & Amortization	38M	35M	20M	19M	18M	17M	16M	14M	12M	10M	12M	10M	7M	6M	6M	8M	8M	7M	6M	6M	6M	5M	5M
EBITDA	124M	143M	66M	61M	72M	71M	62M	58M	51M	53M	52M	44M	38M	31M	26M	28M	30M	23M	27M	26M	18M	0M	-20M
EBITDA Margin	20.4%	21.2%	21.6%	19.8%	20.8%	21.7%	22.6%	20.0%	18.9%	21.2%	23.5%	20.6%	22.0%	20.5%	19.4%	18.4%	20.9%	17.1%	18.6%	17.6%	12.6%	0.2%	-12.2%
NOPAT	66M	85M	35M	32M	44M	41M	34M	32M	29M	31M	29M	24M	22M	15M	12M	16M	15M	18M	31M	42M	12M	-2M	-20M
NOPAT Margin	10.8%	12.7%	11.4%	10.5%	12.6%	12.7%	12.4%	10.9%	10.6%	12.6%	13.1%	11.5%	12.7%	9.8%	8.9%	10.2%	10.4%	13.2%	21.1%	28.1%	8.6%	-1.2%	-12.2%
Owner's Earnings	60M	70M	35M	26M	40M	31M	32M	20M	26M	20M	25M	23M	-3M	7M	10M	25M	9M	0M	10M	22M	5M	-10M	-82M
Owner's Earnings Margin	9.8%	10.4%	11.5%	8.6%	11.4%	9.4%	11.6%	6.9%	9.5%	8.2%	11.4%	10.8%	-1.6%	4.7%	7.6%	16.4%	6.6%	-0.3%	6.8%	14.8%	3.1%	-6.7%	-50.6%
EPS (Basic)	0.92	1.22	0.46	0.45	0.64	0.58	0.49	0.44	0.40	0.42	0.45	0.39	0.35	0.23	0.20	0.50	0.24	0.28	0.34	0.53	0.17	0.03	-3.57
EPS (Diluted)	0.91	1.21	0.46	0.45	0.63	0.57	0.48	0.43	0.40	0.42	0.42	0.39	0.35	0.22	0.18	0.38	0.18	0.25	0.31	0.46	0.12	0.03	-3.57
Shares (Basic)	64M	64M	64M	64M	65M	64M	65M	64M	64M	63M	62M	61M	60M	58M	59M	59M	59M	42M	46M	49M	42M	29M	18M
Shares (Diluted)	64M	65M	64M	65M	65M	65M	66M	65M	64M	63M	62M	61M	60M	61M	60M	59M	59M	46M	46M	49M	48M	29M	18M

Balance Sheet

Metric	MRQ	MRQ-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31
Cash & Cash Equivalents	39.42M	26.02M	39.42M	40.37M	30.29M	60.82M	80.32M	53.47M	40.00M	53.19M	67.35M	52.28M	28.84M	17.28M	10.68M	18.24M	1.34M	0.01M	35.18M	5.72M	5.98M	4.54M	7.52M
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	0.97M	0.00M	0.00M
Cash & Short-Term Investments	39.42M	26.02M	39.42M	40.37M	30.29M	60.82M	80.32M	53.47M	40.00M	53.19M	67.35M	52.28M	28.84M	17.28M	10.68M	18.24M	1.34M	0.01M	35.18M	5.72M	6.95M	4.54M	7.52M
Net Receivables	77.35M	86.56M	77.35M	84.06M	78.51M	89.45M	70.61M	83.61M	76.12M	63.82M	57.16M	54.17M	37.77M	39.96M	37.01M	42.40M	47.99M	0.00M	45.21M	44.12M	44.50M	47.88M	47.67M
Inventory	169.47M	187.01M	169.47M	163.01M	169.91M	138.59M	131.15M	139.61M	127.83M	105.66M	113.84M	103.90M	83.43M	64.19M	57.43M	56.53M	69.10M	0.08M	91.11M	76.55M	76.31M	70.93M	78.78M
Other Current Assets	6.32M	2.80M	6.32M	6.66M	10.65M	0.06M	10.49M	0.07M	16.34M	25.16M	9.21M	13.01M	12.40M	5.50M	41.55M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.20M	0.16M
Total Current Assets	292.56M	302.38M	292.56M	294.10M	289.35M	288.92M	292.56M	276.76M	260.28M	247.83M	247.56M	223.35M	162.45M	126.93M	146.67M	117.17M	118.43M	0.09M	171.50M	126.38M	127.76M	123.55M	134.12M
Property, Plant & Equipment	143.60M	140.86M	143.60M	144.27M	143.58M	137.91M	139.02M	138.04M	122.30M	119.70M	114.71M	116.45M	96.16M	69.05M	64.21M	66.32M	75.94M	0.07M	62.36M	59.14M	60.78M	60.71M	48.81M
Goodwill	47.48M	47.45M	47.48M	47.48M	47.48M	47.46M	47.42M	47.47M	46.42M	46.14M	46.07M	46.02M	14.27M	14.09M	13.45M	13.45M	19.31M	0.02M	0.00M	0.00M	18.55M	18.55M	18.55M
Intangible Assets	7.50M	7.61M	7.50M	8.15M	55.87M	57.60M	52.58M	52.17M	4.41M	4.19M	4.61M	2.60M	1.47M	0.20M	0.14M	0.17M	0.36M	0.00M	45.21M	44.12M	0.91M	1.16M	1.77M
Long-Term Investments	4.30M	3.69M	4.30M	3.33M	3.74M	2.02M	1.90M	0.92M	0.97M	0.84M	0.72M	0.68M	0.13M	0.10M	0.10M	0.00M	0.00M	0.00M	0.00M	1.56M	0.35M	0.69M	2.16M
Tax Assets	3.30M	3.06M	3.30M	2.48M	2.64M	1.75M	1.93M	1.72M	1.14M	1.01M	4.23M	5.81M	6.99M	8.29M	10.59M	13.50M	14.78M	0.02M	16.70M	12.01M	0.13M	1.06M	2.17M
Other Non-Current Assets	0.00M	0.00M	0.00M	0.00M	-47.48M	-47.09M	-47.05M	-46.89M	-1.14M	-1.01M	-4.23M	-5.81M	-6.99M	-8.29M	0.00M	0.05M	0.07M	0.00M	1.06M	0.33M	3.09M	4.46M	8.98M
Other Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1.59M	1.55M	5.16M	6.47M	8.34M	11.95M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	206.18M	202.67M	206.18M	205.70M	205.84M	199.65M	195.80M	193.43M	175.68M	172.42M	171.26M	172.21M	120.37M	95.38M	88.48M	93.49M	110.46M	0.11M	125.33M	117.16M	83.81M	86.61M	82.44M
Total Assets	498.74M	505.04M	498.74M	499.81M	495.20M	488.57M	488.36M	470.19M	435.97M	420.26M	418.82M	395.57M	282.82M	222.31M	235.14M	210.66M	228.89M	0.20M	296.83M	243.54M	211.57M	210.16M	216.56M
Accounts Payable	61.30M	77.37M	61.30M	61.40M	69.80M	71.02M	61.06M	70.87M	60.92M	57.61M	56.14M	54.76M	44.41M	31.32M	27.81M	37.47M	42.74M	0.04M	0.00M	40.94M	41.10M	37.15M	41.88M
Short-Term Debt	60.66M	12.91M	60.66M	13.76M	11.32M	8.22M	16.72M	21.92M	50.50M	30.73M	24.00M	17.91M	9.87M	9.32M	5.85M	11.84M	36.70M	0.05M	65.58M	47.93M	52.20M	42.19M	56.69M
Tax Payables	2.24M	0.00M	2.24M	2.53M	1.47M	1.53M	2.93M	2.53M	3.60M	2.28M	3.57M	1.88M	1.06M	1.25M	1.59M	0.00M	0.00M	0.00M	0.00M	0.00M	0.03M	0.00M	0.00M
Deferred Revenue	0.00M	0.00M	0.00M	1.17M	0.69M	1.66M	0.32M	0.23M	0.32M	1.00M	3.90M	4.39M	-13.30M	-9.65M	0.00M	0.00M	0.02M	0.00M	0.00M	0.00M	0.00M	8.15M	9.41M
Other Current Liabilities	0.97M	4.11M	0.97M	1.03M	2.63M	1.87M	3.19M	0.36M	4.10M	16.41M	1.05M	2.67M	1.78M	2.26M	4.92M	6.05M	6.55M	0.01M	19.93M	10.08M	11.36M	10.98M	16.40M
Total Current Liabilities	125.17M	94.39M	125.17M	79.89M	85.90M	84.29M	84.22M	95.90M	119.44M	108.03M	88.67M	81.61M	43.82M	34.50M	40.17M	55.36M	86.01M	0.10M	85.52M	98.94M	104.69M	98.47M	124.38M
Long-Term Debt	30.63M	86.26M	30.63M	86.16M	43.86M	55.05M	60.90M	75.72M	42.58M	61.09M	80.09M	92.66M	23.95M	7.60M	10.14M	15.82M	43.14M	0.05M	59.82M	63.68M	74.57M	85.30M	91.18M
Capital Lease Obligations	5.22M	4.67M	5.22M	4.69M	3.00M	3.56M	4.26M	5.75M	5.75M	6.40M	6.40M	9.84M	20.13M	1.73M	2.20M	0.00M	0.00M	0.00M	6.50M	2.88M	0.48M	0.72M	0.00M
Deferred Tax Liabilities	4.27M	4.07M	4.27M	4.50M	4.20M	2.75M	2.15M	2.83M	2.86M	2.62M	3.72M	3.66M	3.32M	3.60M	2.44M	2.13M	0.95M	0.00M	0.72M	0.56M	0.57M	1.74M	2.70M
Other Non-Current Liabilities	2.37M	2.42M	2.37M	2.41M	2.40M	3.38M	5.26M	3.48M	4.47M	4.44M	11.98M	9.85M	4.87M	3.27M	0.94M	4.31M	-39.09M	0.00M	1.66M	0.72M	2.77M	4.64M	8.87M
Total Non-Current Liabilities	42.49M	97.42M	42.49M	97.76M	53.47M	64.75M	72.57M	87.77M	55.66M	74.55M	102.20M	116.01M	52.27M	16.20M	15.71M	22.25M	5.00M	0.06M	68.70M	67.83M	78.39M	92.40M	102.76M
Total Liabilities	167.66M	191.80M	167.66M	177.65M	139.37M	149.04M	156.79M	183.67M	175.10M	182.58M	190.87M	197.62M	96.08M	50.70M	55.89M	77.61M	91.01M	0.15M	154.22M	166.78M	183.07M	190.87M	227.14M
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	65.05M	65.05M	65.05M	65.05M	65.05M	65.05M	65.05M	65.05M	64.10M	63.18M	62.90M	61.62M	60.30M	60.24M	54.93M	50.62M	44.40M	0.04M	42.49M	42.48M	42.48M	42.48M	15.81M
Retained Earnings	29.77M	21.96M	29.77M	28.85M	47.37M	43.36M	37.73M	34.54M	31.56M	32.81M	32.62M	29.57M	25.99M	17.95M	10.61M	22.56M	57.83M	0.05M	14.23M	22.44M	6.02M	0.89M	-64.52M
Accumulated OCI	0.00M	185.36M	0.00M	0.00M	242.27M	237.99M	218.87M	186.13M	164.16M	145.76M	133.60M	89.54M	72.54M	65.49M	-60.33M	-53.71M	-53.87M	0.00M	-41.75M	0.00M	-20.92M	-20.29M	6.22M
Minority Interest	0.00M	0.09M	0.00M	0.07M	0.06M	-0.09M	-0.08M	-0.01M	0.13M	0.13M	0.15M	0.10M	0.20M	3.34M	2.71M	2.19M	1.76M	0.00M	1.45M	0.02M	0.01M	0.01M	0.01M
Total Shareholders’ Equity	94.82M	272.37M	94.82M	93.90M	354.70M	346.40M	321.65M	285.73M	259.83M	241.75M	229.12M	180.73M	158.83M	143.68M	5.22M	19.47M	48.36M	0.09M	14.97M	64.92M	27.58M	23.07M	-42.50M
Total Equity	94.82M	272.46M	94.82M	93.97M	354.76M	346.31M	321.57M	285.72M	259.95M	241.89M	229.27M	180.83M	159.03M	147.02M	7.93M	21.67M	50.12M	0.09M	16.42M	64.94M	27.59M	23.09M	-42.49M
Total Liabilities & Equity	262.48M	464.26M	262.48M	271.62M	494.13M	495.35M	478.36M	469.39M	435.06M	424.47M	420.14M	378.45M	255.11M	197.72M	63.81M	99.28M	141.13M	0.25M	170.64M	231.71M	210.66M	213.95M	184.65M
Tangible Assets	443.76M	449.98M	443.76M	444.18M	391.85M	383.51M	388.37M	370.55M	385.14M	369.92M	368.15M	346.95M	267.09M	208.02M	221.56M	197.04M	209.21M	0.18M	251.62M	199.42M	192.11M	190.45M	196.24M
Tangible Equity	39.84M	217.40M	39.84M	38.34M	251.41M	241.25M	221.57M	186.08M	209.13M	191.55M	178.60M	132.21M	143.30M	132.73M	-5.66M	8.05M	30.45M	0.07M	-28.79M	20.82M	8.13M	3.38M	-62.81M
Tangible Book Value	39.84M	217.40M	39.84M	38.34M	251.41M	241.25M	221.57M	186.08M	209.13M	191.55M	178.60M	132.21M	143.30M	132.73M	-5.66M	8.05M	30.45M	0.07M	-28.79M	20.82M	8.13M	3.38M	-62.81M
Total Investments	4.30M	3.69M	4.30M	3.33M	3.74M	2.02M	1.90M	0.92M	0.97M	0.84M	0.72M	0.68M	0.13M	0.10M	0.10M	0.05M	0.07M	0.00M	1.06M	1.56M	1.32M	0.69M	2.16M
Net Debt	51.87M	73.15M	51.87M	59.55M	24.89M	2.45M	-2.70M	44.16M	53.08M	38.63M	36.74M	58.29M	4.97M	-0.36M	5.31M	9.42M	78.50M	0.09M	90.23M	105.89M	120.78M	122.94M	140.35M

Capital Metrics

Metric	MRQ	MRQ-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31
Working Capital	167.6M	209.5M	167.6M	214.3M	200.5M	214.1M	205.0M	189.4M	143.2M	140.5M	157.7M	142.4M	103.5M	79.9M	69.6M	60.0M	45.5M	0.0M	35.5M	27.4M	23.7M	30.4M	15.9M
Total Capital	421.3M	411.9M	421.3M	419.5M	403.1M	407.4M	405.0M	394.6M	356.5M	331.3M	332.5M	314.1M	219.6M	169.1M	153.8M	156.7M	184.0M	0.2M	197.3M	165.3M	156.4M	152.8M	143.4M
Capital Employed	373.8M	412.2M	373.8M	420.0M	406.3M	413.7M	400.8M	382.9M	318.9M	312.9M	329.0M	314.6M	223.9M	175.2M	158.0M	153.5M	155.9M	0.2M	136.2M	119.6M	107.5M	117.0M	98.3M
Invested Capital	381.9M	385.8M	381.9M	379.1M	372.8M	346.6M	324.7M	341.1M	316.5M	278.1M	265.2M	261.9M	190.7M	151.8M	143.1M	138.4M	182.7M	0.2M	162.1M	159.6M	150.4M	148.3M	135.9M

Cash Flow Statement

Metric	TTM	TTM-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31
Net Income	58.62M	78.31M	29.77M	28.85M	41.17M	37.15M	31.52M	29.52M	25.35M	26.60M	26.41M	23.50M	21.08M	13.57M	11.30M	23.16M	10.68M	11.70M	14.27M	22.45M	6.02M	0.89M	-64.52M
Depreciation & Amortization	40.72M	34.64M	20.37M	21.25M	17.84M	16.80M	15.68M	14.35M	11.58M	10.09M	12.20M	10.01M	7.02M	6.40M	6.33M	8.27M	7.69M	6.67M	6.02M	5.80M	5.71M	4.78M	5.24M
Deferred Income Tax	-43.83M	-86.53M	0.00M	0.00M	0.35M	0.54M	-0.78M	0.19M	23.23M	1.98M	7.26M	1.57M	15.83M	15.57M	3.03M	0.00M	0.00M	-1.86M	0.00M	0.00M	0.00M	0.32M	13.17M
Stock-Based Compensation	-0.32M	3.36M	2.42M	-0.93M	2.29M	1.07M	2.09M	3.18M	1.07M	1.26M	1.51M	0.53M	0.29M	0.16M	0.08M	0.00M	0.16M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	-13.08M	-36.26M	-3.25M	-4.00M	-23.22M	-13.05M	17.91M	-10.69M	-24.29M	-14.30M	-8.76M	-14.79M	-16.12M	-15.73M	-9.29M	-2.94M	13.46M	1.41M	-5.95M	-0.04M	7.63M	6.68M	36.73M
Accounts Receivable	-2.75M	-7.84M	6.34M	-0.17M	11.51M	-19.34M	14.15M	-10.42M	-9.09M	-11.13M	-0.28M	-1.82M	-2.64M	-8.06M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	7.31M
Inventory	-23.10M	-34.84M	-6.46M	1.60M	-29.76M	-5.08M	7.92M	-10.76M	-15.21M	-3.17M	-8.49M	-12.97M	-13.48M	-7.67M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	15.65M
Accounts Payable	-17.88M	6.41M	0.00M	-5.43M	-4.96M	11.37M	-4.16M	10.50M	-12.61M	0.99M	-1.48M	-3.51M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	14.51M
Other Working Capital	30.66M	0.00M	-3.13M	0.00M	0.00M	0.00M	0.00M	0.00M	12.61M	-0.99M	1.48M	7.02M	0.00M	0.00M	-9.29M	0.00M	0.00M	1.41M	0.00M	0.00M	7.63M	6.68M	-0.73M
Other Non-Cash Items	54.09M	110.65M	3.74M	3.55M	1.46M	0.28M	0.87M	-3.13M	-29.87M	4.01M	8.18M	-1.02M	8.13M	14.74M	1.33M	-4.31M	7.68M	1.78M	4.00M	-5.74M	-7.45M	-9.56M	8.22M
Net Cash from Operating Activities	96.20M	82.67M	53.04M	48.72M	39.89M	42.79M	67.28M	33.41M	7.07M	29.64M	39.53M	19.80M	20.41M	19.14M	12.78M	24.18M	39.68M	19.70M	18.33M	22.46M	11.90M	3.11M	-1.17M
Capital Expenditures (PPE)	-36.61M	-42.60M	-15.08M	-21.54M	-19.28M	-23.32M	-15.48M	-22.55M	-11.30M	-16.31M	-13.20M	-10.64M	-30.86M	-12.81M	-6.73M	-5.78M	-8.91M	-18.74M	-10.29M	-6.00M	-7.23M	-15.53M	-22.90M
Acquisitions (Net)	0.50M	0.86M	0.00M	0.00M	0.64M	0.22M	0.79M	0.48M	-4.03M	-0.04M	0.97M	-33.79M	-0.81M	-0.63M	0.86M	23.13M	0.00M	0.46M	4.31M	0.00M	0.29M	3.16M	7.01M
Purchases of Investments	-0.60M	-1.35M	-2.12M	0.00M	-1.35M	0.00M	-1.08M	-0.03M	-0.07M	-0.18M	0.00M	33.74M	0.81M	0.00M	-0.06M	-0.02M	-0.02M	0.00M	-0.03M	-0.04M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	0.00M	0.01M	1.35M	0.00M	0.01M	0.00M	0.11M	0.00M	4.10M	0.22M	0.00M	0.04M	0.00M	0.00M	0.00M	0.02M	0.01M	0.00M	0.06M	0.01M	0.00M	0.00M	0.00M
Other Investing Activities	0.30M	-0.08M	0.84M	0.48M	-0.08M	0.42M	-0.07M	4.58M	-4.14M	-0.18M	-0.06M	0.05M	0.18M	0.69M	0.17M	0.75M	0.72M	0.15M	-1.42M	4.00M	0.14M	2.53M	-2.68M
Net Cash from Investing Activities	-36.41M	-43.15M	-15.01M	-21.06M	-20.05M	-23.10M	-15.73M	-17.52M	-15.43M	-16.50M	-12.29M	-44.33M	-31.49M	-12.74M	-5.77M	18.08M	-8.19M	-18.14M	-7.36M	-2.02M	-6.80M	-9.84M	-18.57M
Net Debt Issuance	-12.99M	-4.65M	-11.20M	40.14M	-12.38M	-16.83M	-12.11M	-7.56M	-7.15M	-17.22M	-10.54M	52.82M	37.53M	-3.97M	-6.38M	-20.17M	-8.51M	-19.96M	22.14M	-9.19M	-6.91M	-6.24M	-10.11M
Long-Term Debt Issuance	-3.49M	-4.65M	-11.20M	40.14M	-12.38M	-16.83M	-12.11M	-7.56M	-7.15M	-17.22M	-10.54M	52.82M	37.53M	-3.97M	-6.38M	-20.17M	-8.51M	-19.96M	22.14M	-9.19M	-6.91M	-6.24M	-10.11M
Short-Term Debt Issuance	-9.50M	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 Stock Issuance	-9.93M	-7.66M	0.01M	-9.95M	0.00M	-7.65M	0.00M	0.16M	-0.02M	-3.87M	-0.46M	-0.99M	-1.16M	-0.21M	2.95M	0.01M	-0.09M	-0.23M	-0.01M	-0.22M	0.01M	26.51M	0.00M
Common Stock Issuance	0.01M	13.42M	0.01M	0.00M	0.00M	0.00M	0.00M	0.16M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	3.18M	0.01M	0.00M	0.02M	0.03M	0.00M	0.01M	26.51M	0.00M
Common Stock Repurchased	-9.95M	-7.66M	0.00M	-9.95M	0.00M	-7.65M	0.00M	0.00M	-0.02M	-3.87M	-0.46M	-0.99M	-1.16M	-0.21M	-0.23M	0.00M	-0.09M	-0.25M	-0.04M	-0.22M	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	-67.70M	-51.76M	-22.42M	-45.28M	-38.89M	-12.87M	0.00M	-0.97M	-1.16M	-6.48M	-0.53M	-0.53M	-6.06M	0.00M	-5.04M	-3.53M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Dividends Paid	-45.06M	-32.32M	-22.42M	-45.28M	-38.89M	-12.87M	0.00M	-0.97M	-1.16M	-6.48M	-0.53M	-0.53M	-6.06M	0.00M	-5.04M	-3.53M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Dividends Paid	-22.64M	-19.44M	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	41.88M	-24.56M	-4.92M	-2.69M	0.00M	-1.04M	-1.84M	-0.39M	-1.12M	-1.37M	-1.40M	-1.20M	-5.55M	-1.26M	-1.58M	-0.17M	-0.25M	0.00M	-6.64M	-9.00M	-0.13M	0.00M	0.00M
Net Cash from Financing Activities	-48.75M	-88.62M	-38.53M	-17.77M	-51.27M	-37.35M	-12.11M	-8.76M	-9.45M	-28.93M	-12.90M	50.10M	24.76M	-5.43M	-10.04M	-26.21M	-12.05M	-20.19M	15.49M	-18.42M	-7.03M	20.27M	-10.11M
Effect of FX on Cash	-0.80M	0.10M	-0.09M	-0.35M	-0.20M	0.29M	-0.02M	-0.36M	0.28M	-0.89M	0.36M	-0.37M	0.92M	-0.63M	0.16M	0.31M	-0.04M	0.00M	0.11M	-0.22M	0.00M	0.00M	0.00M
Net Change in Cash	13.30M	-50.03M	-0.59M	9.54M	-30.53M	-19.50M	26.84M	13.48M	-17.53M	-18.32M	16.76M	25.19M	14.60M	0.34M	-2.87M	16.37M	19.40M	0.00M	26.57M	1.80M	0.00M	0.00M	0.00M
Cash at Beginning of Period	108.63M	280.52M	38.23M	28.69M	60.82M	80.32M	53.47M	40.00M	49.03M	67.35M	50.59M	25.40M	10.80M	10.47M	13.34M	-3.03M	-22.43M	31.14M	-30.67M	-32.47M	4.54M	7.52M	0.00M
Cash at End of Period	120.09M	230.49M	37.64M	38.23M	30.29M	60.82M	80.32M	53.47M	31.50M	49.03M	67.35M	50.59M	25.40M	10.80M	10.47M	13.34M	-3.03M	7.51M	-4.10M	-30.67M	5.98M	4.54M	7.52M
Operating Cash Flow	98.64M	82.67M	53.04M	48.72M	39.89M	42.79M	67.28M	33.41M	7.07M	29.64M	39.53M	19.80M	20.41M	19.14M	12.78M	24.18M	39.68M	19.70M	18.33M	22.46M	11.90M	3.11M	-1.17M
Capital Expenditure	-36.61M	-42.60M	-15.08M	-21.54M	-19.28M	-23.32M	-15.48M	-22.55M	-11.30M	-16.31M	-13.20M	-10.64M	-30.86M	-12.81M	-6.73M	-5.78M	-8.91M	-18.74M	-10.29M	-6.00M	-7.23M	-15.53M	-22.90M
Free Cash Flow	62.03M	40.07M	37.96M	27.18M	20.60M	19.47M	51.80M	10.86M	-4.23M	13.33M	26.33M	9.15M	-10.45M	6.34M	6.05M	18.39M	30.77M	0.96M	8.04M	16.46M	4.68M	-12.42M	-24.07M

Free Cash Flow

Metric	TTM	TTM-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31
EBITDA	95.45M	-36.72M	197.44M	83.97M	-58.39M	-42.86M	-33.11M	63.57M	65.98M	66.37M	67.85M	60.84M	49.95M	43.26M	66.52M	77.46M	72.77M	28.27M	71.96M	117.47M	24.14M	5.25M	0.62M
(-) Tax Adjustment	22.21M	-7.88M	45.90M	19.54M	-11.60M	-9.92M	-8.70M	17.46M	18.04M	17.64M	18.67M	16.89M	14.55M	15.14M	23.28M	16.92M	24.05M	0.00M	0.00M	0.00M	0.00M	1.84M	0.00M
(-) Change In Working Capital	-13.08M	-36.26M	-3.25M	-4.00M	-23.22M	-13.05M	17.91M	-10.69M	-24.29M	-14.30M	-8.76M	-14.79M	-16.12M	-15.73M	-9.29M	-2.94M	13.46M	1.41M	-5.95M	-0.04M	7.63M	6.68M	36.73M
(-) Capital Expenditure	-36.61M	-42.60M	-15.08M	-21.54M	-19.28M	-23.32M	-15.48M	-22.55M	-11.30M	-16.31M	-13.20M	-10.64M	-30.86M	-12.81M	-6.73M	-5.78M	-8.91M	-18.74M	-10.29M	-6.00M	-7.23M	-15.53M	-22.90M
Unlevered Free Cash Flow	49.71M	-35.18M	139.71M	46.89M	-42.85M	-43.21M	-57.79M	34.25M	60.94M	46.71M	44.74M	48.09M	20.66M	31.04M	45.79M	57.70M	26.35M	8.12M	67.62M	111.51M	9.29M	-18.79M	-59.02M
(-) Net Interest Income After Taxes	-7.23M	-2.52M	-3.93M	-3.56M	-1.46M	-1.15M	-1.65M	-0.94M	-0.84M	-0.79M	-0.90M	-0.79M	-0.44M	-0.59M	-0.92M	-1.84M	-2.22M	-5.56M	-8.06M	-7.69M	-6.92M	-4.70M	-7.05M
Net Debt Issuance	-12.99M	-4.65M	-11.20M	40.14M	-12.38M	-16.83M	-12.11M	-7.56M	-7.15M	-17.22M	-10.54M	52.82M	37.53M	-3.97M	-6.38M	-20.17M	-8.51M	-19.96M	22.14M	-9.19M	-6.91M	-6.24M	-10.11M
Levered Free Cash Flow	43.95M	-37.31M	132.44M	90.59M	-53.76M	-58.89M	-68.26M	27.63M	54.62M	30.28M	35.10M	101.70M	58.62M	27.66M	40.33M	39.37M	20.07M	-6.29M	97.82M	110.00M	9.30M	-20.34M	-62.08M