By Helgi Library - April 2, 2020
Polymer Group's total assets reached USD 2,035 mil at the end of 2014, up 41.4% compared to the previous year. Cur...
By Helgi Library - April 2, 2020
Polymer Group's total assets reached USD 2,035 mil at the end of 2014, up 41.4% compared to the previous year. Cur...
| Profit Statement | 2012 | 2013 | 2014 | |
| Sales | USD mil | 1,155 | 1,215 | 1,860 |
| Gross Profit | USD mil | 197 | 196 | 334 |
| EBITDA | USD mil | 104 | 83.8 | 136 |
| EBIT | USD mil | 37.2 | 7.29 | 18.2 |
| Financing Cost | USD mil | 55.5 | 68.2 | 139 |
| Pre-Tax Profit | USD mil | -18.4 | -60.9 | -121 |
| Net Profit | USD mil | -26.0 | -24.9 | -126 |
| Balance Sheet | 2012 | 2013 | 2014 | |
| Total Assets | USD mil | 1,022 | 1,439 | 2,035 |
| Non-Current Assets | USD mil | 660 | 940 | 1,329 |
| Current Assets | USD mil | 362 | 499 | 706 |
| Working Capital | USD mil | 29.6 | 43.5 | 100 |
| Shareholders' Equity | USD mil | 139 | 160 | -23.8 |
| Liabilities | USD mil | 883 | 1,279 | 2,059 |
| Total Debt | USD mil | 600 | 897 | 1,483 |
| Net Debt | USD mil | 502 | 811 | 1,304 |
| Ratios | 2012 | 2013 | 2014 | |
| ROE | % | -15.9 | -16.6 | -186 |
| ROCE | % | -3.60 | -2.97 | -10.5 |
| Gross Margin | % | 17.1 | 16.2 | 17.9 |
| EBITDA Margin | % | 8.99 | 6.90 | 7.34 |
| EBIT Margin | % | 3.22 | 0.600 | 0.978 |
| Net Margin | % | -2.25 | -2.05 | -6.79 |
| Net Debt/EBITDA | 4.83 | 9.68 | 9.56 | |
| Net Debt/Equity | 3.60 | 5.07 | -54.8 | |
| Cost of Financing | % | 9.26 | 9.11 | 11.7 |
| Cash Flow | 2012 | 2013 | 2014 | |
| Total Cash From Operations | USD mil | 75.5 | 16.9 | 49.1 |
| Total Cash From Investing | USD mil | -50.2 | -338 | -437 |
| Total Cash From Financing | USD mil | -0.042 | 308 | 487 |
| Net Change In Cash | USD mil | 25.2 | -12.7 | 99.8 |
| Cash Conversion Cycle | days | 2.73 | 4.31 | 13.3 |
| Cash Earnings | USD mil | 40.7 | 51.6 | -7.97 |
| Free Cash Flow | USD mil | 25.2 | -321 | -388 |
Get all company financials in excel:
| summary | Unit | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| income statement | |||||||
| Sales | USD mil | 851 | 1,106 | 1,188 | 1,155 | ||
| Gross Profit | USD mil | 183 | 210 | 186 | 197 | ||
| EBIT | USD mil | 52.2 | 49.5 | -23.8 | 37.2 | ||
| Net Profit | USD mil | 11.2 | 20.2 | -93.7 | -26.0 | ||
| ROE | % | ... | 14.1 | -56.7 | -15.9 | ||
| EBIT Margin | % | 6.14 | 4.48 | -2.00 | 3.22 | ||
| Net Margin | % | 1.31 | 1.83 | -7.89 | -2.25 | ||
| Employees | ... | ... | 3,065 | 2,800 | |||
| balance sheet | |||||||
| Total Assets | USD mil | ... | 732 | 1,061 | 1,022 | ||
| Non-Current Assets | USD mil | ... | 367 | 702 | 660 | ||
| Current Assets | USD mil | ... | 365 | 358 | 362 | ||
| Shareholders' Equity | USD mil | ... | 143 | 187 | 139 | ||
| Liabilities | USD mil | ... | 589 | 873 | 883 | ||
| Non-Current Liabilities | USD mil | ... | 402 | 667 | 661 | ||
| Current Liabilities | USD mil | ... | 186 | 206 | 222 | ||
| Net Debt/EBITDA | ... | 2.73 | 14.3 | 4.83 | |||
| Net Debt/Equity | ... | 1.83 | 2.82 | 3.60 | |||
| Cost of Financing | % | ... | ... | 14.4 | 9.26 | ||
| cash flow | |||||||
| Total Cash From Operations | USD mil | 99.0 | 63.2 | -1.15 | 75.5 | ||
| Total Cash From Investing | USD mil | -14.6 | -41.3 | -476 | -50.2 | ||
| Total Cash From Financing | USD mil | -72.7 | -8.09 | 477 | -0.042 | ||
| Net Change In Cash | USD mil | 11.8 | 13.9 | -0.874 | 25.2 |
| income statement | Unit | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| income statement | |||||||
| Sales | USD mil | 851 | 1,106 | 1,188 | 1,155 | ||
| Cost of Goods & Services | USD mil | 667 | 896 | 1,001 | 958 | ||
| Gross Profit | USD mil | 183 | 210 | 186 | 197 | ||
| Staff Cost | USD mil | 66.3 | 74.1 | 74.1 | 76.1 | ||
| Other Cost | USD mil | 14.4 | 39.9 | 75.4 | 17.3 | ||
| EBITDA | USD mil | 103 | 95.9 | 37.0 | 104 | ||
| Depreciation | USD mil | 50.4 | 46.4 | 60.8 | 66.7 | ||
| EBIT | USD mil | 52.2 | 49.5 | -23.8 | 37.2 | ||
| Financing Cost | USD mil | 34.6 | 33.2 | 67.0 | 55.5 | ||
| Extraordinary Cost | USD mil | 0 | 0 | 0 | 0 | ||
| Pre-Tax Profit | USD mil | 17.6 | 16.3 | -90.9 | -18.4 | ||
| Tax | USD mil | 8.58 | -4.53 | 2.72 | 7.66 | ||
| Minorities | USD mil | -2.14 | 0.623 | 0.142 | 0 | ||
| Net Profit | USD mil | 11.2 | 20.2 | -93.7 | -26.0 | ||
| growth rates | |||||||
| Total Revenue Growth | % | ... | 30.0 | 7.35 | -2.73 | ||
| Operating Cost Growth | % | ... | 41.2 | 31.1 | -37.5 | ||
| EBITDA Growth | % | ... | -6.55 | -61.4 | 181 | ||
| EBIT Growth | % | ... | -5.18 | -148 | -256 | ||
| Pre-Tax Profit Growth | % | ... | -7.23 | -656 | -79.8 | ||
| Net Profit Growth | % | ... | 81.4 | -563 | -72.2 | ||
| ratios | |||||||
| ROE | % | ... | 14.1 | -56.7 | -15.9 | ||
| ROCE | % | ... | ... | -15.9 | -3.60 | ||
| Gross Margin | % | 21.6 | 19.0 | 15.7 | 17.1 | ||
| EBITDA Margin | % | 12.1 | 8.67 | 3.12 | 8.99 | ||
| EBIT Margin | % | 6.14 | 4.48 | -2.00 | 3.22 | ||
| Net Margin | % | 1.31 | 1.83 | -7.89 | -2.25 | ||
| Cost of Financing | % | ... | ... | 14.4 | 9.26 | ||
| Net Debt/EBITDA | ... | 2.73 | 14.3 | 4.83 |
| balance sheet | Unit | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| balance sheet | |||||||
| Non-Current Assets | USD mil | ... | 367 | 702 | 660 | ||
| Property, Plant & Equipment | USD mil | ... | 323 | 493 | 479 | ||
| Intangible Assets | USD mil | ... | 2.25 | 83.8 | 75.7 | ||
| Goodwill | USD mil | ... | 5.28 | 80.5 | 80.6 | ||
| Current Assets | USD mil | ... | 365 | 358 | 362 | ||
| Inventories | USD mil | ... | 105 | 104 | 95.0 | ||
| Receivables | USD mil | ... | 122 | 141 | 132 | ||
| Cash & Cash Equivalents | USD mil | ... | 72.4 | 72.7 | 97.9 | ||
| Total Assets | USD mil | ... | 732 | 1,061 | 1,022 | ||
| Shareholders' Equity | USD mil | ... | 143 | 187 | 139 | ||
| Of Which Minority Interest | USD mil | ... | 8.92 | 0 | 0 | ||
| Liabilities | USD mil | ... | 589 | 873 | 883 | ||
| Non-Current Liabilities | USD mil | ... | 402 | 667 | 661 | ||
| Long-Term Debt | USD mil | ... | 328 | 588 | 579 | ||
| Deferred Tax Liabilities | USD mil | ... | 20.1 | 34.8 | 33.2 | ||
| Current Liabilities | USD mil | ... | 186 | 206 | 222 | ||
| Short-Term Debt | USD mil | ... | 5.72 | 12.6 | 20.3 | ||
| Trade Payables | USD mil | ... | 174 | 191 | 197 | ||
| Equity And Liabilities | USD mil | ... | 732 | 1,061 | 1,022 | ||
| growth rates | |||||||
| Total Asset Growth | % | ... | ... | 44.9 | -3.63 | ||
| Shareholders' Equity Growth | % | ... | ... | 30.7 | -25.7 | ||
| Net Debt Growth | % | ... | ... | 102 | -4.91 | ||
| Total Debt Growth | % | ... | ... | 79.8 | -0.126 | ||
| ratios | |||||||
| Total Debt | USD mil | ... | 334 | 600 | 600 | ||
| Net Debt | USD mil | ... | 262 | 528 | 502 | ||
| Working Capital | USD mil | ... | 53.1 | 54.6 | 29.6 | ||
| Capital Employed | USD mil | ... | 420 | 757 | 690 | ||
| Net Debt/Equity | ... | 1.83 | 2.82 | 3.60 | |||
| Cost of Financing | % | ... | ... | 14.4 | 9.26 |
| cash flow | Unit | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| cash flow | |||||||
| Net Profit | USD mil | 11.2 | 20.2 | -93.7 | -26.0 | ||
| Depreciation | USD mil | 50.4 | 46.4 | 60.8 | 66.7 | ||
| Non-Cash Items | USD mil | ... | ... | 33.3 | 9.86 | ||
| Change in Working Capital | USD mil | ... | ... | -1.50 | 24.9 | ||
| Total Cash From Operations | USD mil | 99.0 | 63.2 | -1.15 | 75.5 | ||
| Capital Expenditures | USD mil | -43.5 | -45.2 | -76.8 | -51.6 | ||
| Other Investments | USD mil | 28.9 | 3.91 | -399 | 1.39 | ||
| Total Cash From Investing | USD mil | -14.6 | -41.3 | -476 | -50.2 | ||
| Issuance Of Debt | USD mil | ... | ... | 267 | -0.756 | ||
| Total Cash From Financing | USD mil | -72.7 | -8.09 | 477 | -0.042 | ||
| Net Change In Cash | USD mil | 11.8 | 13.9 | -0.874 | 25.2 | ||
| ratios | |||||||
| Days Sales Outstanding | days | ... | 40.2 | 43.4 | 41.6 | ||
| Days Sales Of Inventory | days | ... | 42.8 | 37.9 | 36.2 | ||
| Days Payable Outstanding | days | ... | 70.8 | 69.5 | 75.0 | ||
| Cash Conversion Cycle | days | ... | 12.2 | 11.8 | 2.73 | ||
| Cash Earnings | USD mil | 61.5 | 66.6 | -32.9 | 40.7 | ||
| Free Cash Flow | USD mil | 84.4 | 22.0 | -477 | 25.2 |
| other data | Unit | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| other data | |||||||
| ROA | % | ... | 2.77 | -10.5 | -2.50 | ||
| Gross Margin | % | 21.6 | 19.0 | 15.7 | 17.1 | ||
| Employees | ... | ... | 3,065 | 2,800 | |||
| Cost Per Employee | USD per month | ... | ... | 2,014 | 2,266 | ||
| Cost Per Employee (Local Currency) | USD per month | ... | ... | 2,014 | 2,266 | ||
| Staff Cost (As % Of Total Cost) | % | 8.31 | 7.01 | 6.12 | 6.81 | ||
| Effective Tax Rate | % | 48.7 | -27.8 | -3.00 | -41.6 | ||
| Domestic Sales | USD mil | 43.0 | 56.9 | 55.5 | 57.3 | ||
| Capital Expenditures (As % of Sales) | % | 5.11 | 4.08 | 6.47 | 4.47 | ||
| Revenues From Abroad | USD mil | ... | 794 | 1,051 | 1,130 | ||
| Revenues From Abroad (As % Of Total) | % | ... | 71.8 | 88.5 | 97.8 | ||
| Sales to the United States | USD mil | 305 | 333 | 357 | 357 | ||
| Sales to Canada | USD mil | 43.0 | 56.9 | 55.5 | 57.3 | ||
| Sales to Europe | USD mil | 159 | 281 | 322 | 294 | ||
| Sales to Asia | USD mil | 109 | 129 | 145 | 157 | ||
| Sales to Latin America | USD mil | 234 | 306 | 308 | 290 |
Get all company financials in excel:
Polymer Group Inc. (PGI) is a US-based manufacturer of nonwovens for the hygiene, healthcare, wipes, technical specialties, building, and geosynthetics markets. The Company develops, produces, and markets engineered materials in the United States, Canada, Europe, Asia, and Latin America. PGI offers nonwoven products, including top sheets, transfer layers, or backsheet fabrics, absorbent pads for hygiene applications, nonwoven healthcare products for use in disposable surgical packs, or nonwoven products for consumer wipes applications. In addition, the Company provides nonwovens, such as various specialty materials for industrial applications in the building and construction markets. Polymer Group, Inc. was founded 1994 and is headquartered in Charlotte, North Carolina.
Polymer Group has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 5.87% a year during that time to total of USD 136 mil in 2014, or 7.34% of sales. That’s compared to 7.00% average margin seen in last five years.
The company netted USD -126 mil in 2014 implying ROE of -186% and ROCE of -10.5%. Again, the average figures were -52.2% and -8.24%, respectively when looking at the previous 5 years.
Polymer Group’s net debt amounted to USD 1,304 mil at the end of 2014, or -54.8 of equity. When compared to EBITDA, net debt was 9.56x, up when compared to average of 8.21x seen in the last 5 years.
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