By Helgi Library - April 2, 2020
Schoeller Bleckmann's total assets reached EUR 741 mil at the end of 2015, down 7.49% compared to the previous year. ...
By Helgi Library - April 2, 2020
Schoeller Bleckmann's total assets reached EUR 741 mil at the end of 2015, down 7.49% compared to the previous year. ...
Profit Statement | 2013 | 2014 | 2015 | |
Sales | EUR mil | 459 | 489 | 314 |
Gross Profit | EUR mil | 289 | 319 | 206 |
EBITDA | EUR mil | 137 | 115 | 31.3 |
EBIT | EUR mil | 90.2 | 67.5 | -22.1 |
Financing Cost | EUR mil | 6.28 | -12.6 | -2.08 |
Pre-Tax Profit | EUR mil | 83.9 | 80.0 | -20.0 |
Net Profit | EUR mil | 60.8 | 54.0 | -19.0 |
Dividends | EUR mil | 23.9 | 24.0 | 24.0 |
Balance Sheet | 2013 | 2014 | 2015 | |
Total Assets | EUR mil | 703 | 800 | 741 |
Non-Current Assets | EUR mil | 326 | 393 | 350 |
Current Assets | EUR mil | 377 | 408 | 391 |
Working Capital | EUR mil | 176 | 248 | 172 |
Shareholders' Equity | EUR mil | 382 | 456 | 450 |
Liabilities | EUR mil | 321 | 345 | 290 |
Total Debt | EUR mil | 175 | 166 | 170 |
Net Debt | EUR mil | 16.8 | 35.5 | -26.2 |
Ratios | 2013 | 2014 | 2015 | |
ROE | % | 16.3 | 12.9 | -4.19 |
ROCE | % | 11.9 | 9.45 | -3.27 |
Gross Margin | % | 63.1 | 65.4 | 65.7 |
EBITDA Margin | % | 29.8 | 23.5 | 9.97 |
EBIT Margin | % | 19.7 | 13.8 | -7.05 |
Net Margin | % | 13.2 | 11.1 | -6.05 |
Net Debt/EBITDA | 0.123 | 0.309 | -0.837 | |
Net Debt/Equity | 0.044 | 0.078 | -0.058 | |
Cost of Financing | % | 3.61 | -7.36 | -1.24 |
Valuation | 2013 | 2014 | 2015 | |
Market Capitalisation | USD mil | 1,687 | 975 | 1,161 |
Enterprise Value (EV) | USD mil | 1,710 | 1,018 | 1,129 |
Number Of Shares | mil | 15.9 | 16.0 | 16.0 |
Share Price | EUR | 76.9 | 50.4 | 60.0 |
EV/EBITDA | 9.44 | 6.88 | 28.0 | |
EV/Sales | 2.81 | 1.62 | 2.79 | |
Price/Earnings (P/E) | 20.1 | 14.9 | -50.5 | |
Price/Book Value (P/BV) | 3.20 | 1.77 | 2.13 | |
Dividend Yield | % | 1.96 | 2.98 | 2.50 |
Get all company financials in excel:
summary | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
income statement | ||||||||||||||||||
Sales | EUR mil | 252 | 308 | 409 | 512 | 459 | ||||||||||||
Gross Profit | EUR mil | 140 | 188 | 250 | 315 | 289 | ||||||||||||
EBIT | EUR mil | 28.1 | 58.3 | 100.0 | 121 | 90.2 | ||||||||||||
Net Profit | EUR mil | 15.3 | 27.3 | 53.2 | 76.6 | 60.8 | ||||||||||||
ROE | % | 6.71 | 11.0 | 18.3 | 22.6 | 16.3 | ||||||||||||
EBIT Margin | % | 11.2 | 18.9 | 24.5 | 23.7 | 19.7 | ||||||||||||
Net Margin | % | 6.08 | 8.88 | 13.0 | 15.0 | 13.2 | ||||||||||||
Employees | ... | ... | ... | 1,150 | 1,131 | 1,353 | 1,538 | 1,541 | ||||||||||
balance sheet | ||||||||||||||||||
Total Assets | EUR mil | 426 | 562 | 620 | 698 | 703 | ||||||||||||
Non-Current Assets | EUR mil | 194 | 261 | 278 | 322 | 326 | ||||||||||||
Current Assets | EUR mil | 232 | 301 | 342 | 376 | 377 | ||||||||||||
Shareholders' Equity | EUR mil | 230 | 267 | 315 | 363 | 382 | ||||||||||||
Liabilities | EUR mil | 196 | 294 | 305 | 335 | 321 | ||||||||||||
Non-Current Liabilities | EUR mil | 112 | 168 | 171 | 175 | 193 | ||||||||||||
Current Liabilities | EUR mil | 84.2 | 127 | 134 | 160 | 128 | ||||||||||||
Net Debt/EBITDA | 0.783 | 0.538 | 0.320 | 0.214 | 0.123 | |||||||||||||
Net Debt/Equity | 0.202 | 0.183 | 0.137 | 0.095 | 0.044 | |||||||||||||
Cost of Financing | % | ... | 3.59 | 3.96 | 6.86 | 6.02 | 3.61 | |||||||||||
cash flow | ||||||||||||||||||
Total Cash From Operations | EUR mil | ... | 67.6 | 89.3 | 59.8 | 103 | 109 | |||||||||||
Total Cash From Investing | EUR mil | ... | -28.8 | -85.4 | -37.8 | -69.5 | -58.7 | |||||||||||
Total Cash From Financing | EUR mil | ... | 8.50 | 36.4 | -38.2 | -15.8 | -27.7 | |||||||||||
Net Change In Cash | EUR mil | ... | 47.3 | 40.3 | -16.1 | 17.4 | 23.0 | |||||||||||
valuation | ||||||||||||||||||
Market Capitalisation | USD mil | 746 | 1,332 | 1,378 | 1,648 | 1,687 | ||||||||||||
Number Of Shares | mil | 15.9 | 15.9 | 16.0 | 16.0 | 15.9 | ||||||||||||
Share Price | EUR | 32.8 | 63.0 | 66.6 | 78.2 | 76.9 | ||||||||||||
Earnings Per Share (EPS) | EUR | 0.963 | 1.71 | 3.33 | 4.80 | 3.82 | ||||||||||||
Book Value Per Share | EUR | 14.5 | 16.8 | 19.7 | 22.8 | 24.0 | ||||||||||||
Dividend Per Share | EUR | 0.500 | 1.00 | 1.20 | 1.50 | 1.50 | ||||||||||||
Price/Earnings (P/E) | 34.1 | 36.7 | 20.0 | 16.3 | 20.1 | |||||||||||||
Price/Book Value (P/BV) | 2.27 | 3.76 | 3.38 | 3.44 | 3.20 | |||||||||||||
Dividend Yield | % | 1.52 | 1.59 | 1.80 | 1.92 | 1.96 | ||||||||||||
Earnings Per Share Growth | % | ... | -73.9 | 78.1 | 94.4 | 44.0 | -20.4 | |||||||||||
Book Value Per Share Growth | % | ... | 1.95 | 15.8 | 17.7 | 15.4 | 5.56 |
income statement | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
income statement | ||||||||||||||||||
Sales | EUR mil | 252 | 308 | 409 | 512 | 459 | ||||||||||||
Cost of Goods & Services | EUR mil | 111 | 120 | 159 | 197 | 169 | ||||||||||||
Gross Profit | EUR mil | 140 | 188 | 250 | 315 | 289 | ||||||||||||
Staff Cost | EUR mil | ... | ... | ... | 57.1 | 70.5 | 85.7 | 105 | 97.9 | |||||||||
Other Cost | EUR mil | ... | ... | ... | 23.6 | 27.0 | 29.1 | 49.4 | 55.0 | |||||||||
EBITDA | EUR mil | 59.4 | 90.8 | 135 | 161 | 137 | ||||||||||||
Depreciation | EUR mil | 31.3 | 32.5 | 34.8 | 39.6 | 46.3 | ||||||||||||
EBIT | EUR mil | 28.1 | 58.3 | 100.0 | 121 | 90.2 | ||||||||||||
Financing Cost | EUR mil | 4.78 | 6.51 | 12.0 | 10.1 | 6.28 | ||||||||||||
Extraordinary Cost | EUR mil | -0.117 | 8.93 | 9.80 | 0 | 0 | ||||||||||||
Pre-Tax Profit | EUR mil | 23.5 | 42.9 | 78.2 | 111 | 83.9 | ||||||||||||
Tax | EUR mil | 8.17 | 15.5 | 24.8 | 34.1 | 22.6 | ||||||||||||
Minorities | EUR mil | 0 | -0.003 | 0.223 | 0.329 | 0.572 | ||||||||||||
Net Profit | EUR mil | 15.3 | 27.3 | 53.2 | 76.6 | 60.8 | ||||||||||||
Dividends | EUR mil | 7.94 | 15.9 | 19.2 | 23.9 | 23.9 | ||||||||||||
growth rates | ||||||||||||||||||
Total Revenue Growth | % | ... | -35.3 | 22.3 | 32.8 | 25.3 | -10.5 | |||||||||||
Operating Cost Growth | % | ... | ... | ... | ... | -24.7 | 20.7 | 17.8 | 34.2 | -0.782 | ||||||||
EBITDA Growth | % | ... | -47.0 | 52.8 | 48.5 | 19.3 | -15.1 | |||||||||||
EBIT Growth | % | ... | -67.7 | 107 | 71.5 | 21.2 | -25.6 | |||||||||||
Pre-Tax Profit Growth | % | ... | -71.6 | 82.7 | 82.5 | 42.0 | -24.4 | |||||||||||
Net Profit Growth | % | ... | -74.0 | 78.8 | 94.7 | 44.0 | -20.7 | |||||||||||
ratios | ||||||||||||||||||
ROE | % | 6.71 | 11.0 | 18.3 | 22.6 | 16.3 | ||||||||||||
ROCE | % | ... | 4.63 | 7.87 | 12.9 | 15.9 | 11.9 | |||||||||||
Gross Margin | % | 55.7 | 61.2 | 61.1 | 61.5 | 63.1 | ||||||||||||
EBITDA Margin | % | 23.6 | 29.5 | 33.0 | 31.4 | 29.8 | ||||||||||||
EBIT Margin | % | 11.2 | 18.9 | 24.5 | 23.7 | 19.7 | ||||||||||||
Net Margin | % | 6.08 | 8.88 | 13.0 | 15.0 | 13.2 | ||||||||||||
Payout Ratio | % | 51.9 | 58.3 | 36.0 | 31.3 | 39.4 | ||||||||||||
Cost of Financing | % | ... | 3.59 | 3.96 | 6.86 | 6.02 | 3.61 | |||||||||||
Net Debt/EBITDA | 0.783 | 0.538 | 0.320 | 0.214 | 0.123 |
balance sheet | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
balance sheet | ||||||||||||||||||
Non-Current Assets | EUR mil | 194 | 261 | 278 | 322 | 326 | ||||||||||||
Property, Plant & Equipment | EUR mil | 137 | 139 | 148 | 165 | 188 | ||||||||||||
Intangible Assets | EUR mil | 46.9 | 110 | 107 | 127 | 109 | ||||||||||||
Goodwill | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
Current Assets | EUR mil | 232 | 301 | 342 | 376 | 377 | ||||||||||||
Inventories | EUR mil | 88.9 | 101 | 139 | 158 | 133 | ||||||||||||
Receivables | EUR mil | 41.0 | 57.9 | 73.0 | 71.9 | 78.6 | ||||||||||||
Cash & Cash Equivalents | EUR mil | 96.6 | 137 | 121 | 138 | 158 | ||||||||||||
Total Assets | EUR mil | 426 | 562 | 620 | 698 | 703 | ||||||||||||
Shareholders' Equity | EUR mil | 230 | 267 | 315 | 363 | 382 | ||||||||||||
Of Which Minority Interest | EUR mil | 0 | 1.10 | 1.50 | 1.73 | 1.84 | ||||||||||||
Liabilities | EUR mil | 196 | 294 | 305 | 335 | 321 | ||||||||||||
Non-Current Liabilities | EUR mil | 112 | 168 | 171 | 175 | 193 | ||||||||||||
Long-Term Debt | EUR mil | 88.3 | 131 | 115 | 105 | 130 | ||||||||||||
Deferred Tax Liabilities | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
Current Liabilities | EUR mil | 84.2 | 127 | 134 | 160 | 128 | ||||||||||||
Short-Term Debt | EUR mil | 54.8 | 54.5 | 49.2 | 67.2 | 45.0 | ||||||||||||
Trade Payables | EUR mil | 8.71 | 39.8 | 43.4 | 37.8 | 35.3 | ||||||||||||
Provisions | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
Equity And Liabilities | EUR mil | 426 | 562 | 620 | 698 | 703 | ||||||||||||
growth rates | ||||||||||||||||||
Total Asset Growth | % | ... | -4.01 | 32.0 | 10.4 | 12.6 | 0.719 | |||||||||||
Shareholders' Equity Growth | % | ... | 1.59 | 16.2 | 17.8 | 15.4 | 5.25 | |||||||||||
Net Debt Growth | % | ... | -37.3 | 5.05 | -11.8 | -20.3 | -51.0 | |||||||||||
Total Debt Growth | % | ... | 15.9 | 29.8 | -11.8 | 5.29 | 1.51 | |||||||||||
ratios | ||||||||||||||||||
Total Debt | EUR mil | 143 | 186 | 164 | 173 | 175 | ||||||||||||
Net Debt | EUR mil | 46.5 | 48.9 | 43.1 | 34.3 | 16.8 | ||||||||||||
Working Capital | EUR mil | 121 | 119 | 169 | 192 | 176 | ||||||||||||
Capital Employed | EUR mil | 315 | 379 | 447 | 514 | 503 | ||||||||||||
Net Debt/Equity | 0.202 | 0.183 | 0.137 | 0.095 | 0.044 | |||||||||||||
Cost of Financing | % | ... | 3.59 | 3.96 | 6.86 | 6.02 | 3.61 |
cash flow | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
cash flow | ||||||||||||||||||
Net Profit | EUR mil | 15.3 | 27.3 | 53.2 | 76.6 | 60.8 | ||||||||||||
Depreciation | EUR mil | 31.3 | 32.5 | 34.8 | 39.6 | 46.3 | ||||||||||||
Non-Cash Items | EUR mil | ... | -2.34 | 26.9 | 21.9 | 9.94 | -13.3 | |||||||||||
Change in Working Capital | EUR mil | ... | 23.3 | 2.59 | -50.0 | -23.4 | 15.7 | |||||||||||
Total Cash From Operations | EUR mil | ... | 67.6 | 89.3 | 59.8 | 103 | 109 | |||||||||||
Capital Expenditures | EUR mil | ... | -32.6 | -25.0 | -36.8 | -53.1 | -62.6 | |||||||||||
Other Investments | EUR mil | ... | 3.80 | -60.3 | -0.946 | -16.5 | 3.86 | |||||||||||
Total Cash From Investing | EUR mil | ... | -28.8 | -85.4 | -37.8 | -69.5 | -58.7 | |||||||||||
Dividends Paid | EUR mil | -7.94 | -15.9 | -19.2 | -23.9 | -23.9 | ||||||||||||
Issuance Of Shares | EUR mil | ... | 0 | 1.09 | 0 | 0 | 0 | |||||||||||
Issuance Of Debt | EUR mil | ... | 19.6 | 42.7 | -21.9 | 8.67 | 2.60 | |||||||||||
Total Cash From Financing | EUR mil | ... | 8.50 | 36.4 | -38.2 | -15.8 | -27.7 | |||||||||||
Net Change In Cash | EUR mil | ... | 47.3 | 40.3 | -16.1 | 17.4 | 23.0 | |||||||||||
ratios | ||||||||||||||||||
Days Sales Outstanding | days | 59.5 | 68.6 | 65.2 | 51.2 | 62.6 | ||||||||||||
Days Sales Of Inventory | days | 291 | 307 | 319 | 292 | 287 | ||||||||||||
Days Payable Outstanding | days | 28.5 | 121 | 99.7 | 70.0 | 76.3 | ||||||||||||
Cash Conversion Cycle | days | 322 | 254 | 285 | 273 | 273 | ||||||||||||
Cash Earnings | EUR mil | 46.6 | 59.8 | 88.0 | 116 | 107 | ||||||||||||
Cash Earnings Per Share | EUR | 2.93 | 3.75 | 5.51 | 7.28 | 6.73 | ||||||||||||
Price/Cash Earnings (P/CE) | 11.2 | 16.8 | 12.1 | 10.7 | 11.4 | |||||||||||||
Free Cash Flow | EUR mil | ... | 38.8 | 3.94 | 22.1 | 33.2 | 50.7 | |||||||||||
Free Cash Flow Yield | % | ... | 7.23 | 0.391 | 2.23 | 2.59 | 3.99 |
other data | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
other data | ||||||||||||||||||
ROA | % | 3.52 | 5.54 | 9.01 | 11.6 | 8.67 | ||||||||||||
Gross Margin | % | 55.7 | 61.2 | 61.1 | 61.5 | 63.1 | ||||||||||||
Employees | ... | ... | ... | 1,150 | 1,131 | 1,353 | 1,538 | 1,541 | ||||||||||
Cost Per Employee | USD per month | ... | ... | ... | 5,755 | 6,868 | 7,342 | 7,279 | 7,026 | |||||||||
Cost Per Employee (Local Currency) | EUR per month | ... | ... | ... | 4,138 | 5,192 | 5,280 | 5,669 | 5,292 | |||||||||
Staff Cost (As % Of Total Cost) | % | ... | ... | ... | 25.6 | 28.2 | 27.8 | 26.8 | 26.6 | |||||||||
Effective Tax Rate | % | 34.8 | 36.2 | 31.7 | 30.7 | 26.9 | ||||||||||||
Enterprise Value (EV) | USD mil | 813 | 1,397 | 1,433 | 1,693 | 1,710 | ||||||||||||
EV/EBITDA | 9.84 | 11.6 | 7.65 | 8.20 | 9.44 | |||||||||||||
EV/Capital Employed | 1.80 | 2.78 | 2.47 | 2.49 | 2.47 | |||||||||||||
EV/Sales | 2.32 | 3.43 | 2.52 | 2.57 | 2.81 | |||||||||||||
EV/EBIT | 20.8 | 18.1 | 10.3 | 10.9 | 14.3 | |||||||||||||
Domestic Sales | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
Capital Expenditures (As % of Sales) | % | ... | 12.9 | 8.13 | 9.01 | 10.4 | 13.6 | |||||||||||
Revenues From Abroad | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
Revenues From Abroad (As % Of Total) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
Sales in Europe | EUR mil | ... | ... | ... | 47.0 | 54.0 | 69.0 | 139 | 133 | |||||||||
Sales in the North America | EUR mil | ... | ... | ... | 199 | 238 | 299 | 321 | 267 | |||||||||
Sales in Other Regions | EUR mil | ... | ... | ... | 5.00 | 15.0 | 41.0 | 52.0 | 58.0 | |||||||||
Employees - Europe | ... | ... | ... | 564 | 523 | 596 | 693 | 717 | ||||||||||
Employees - North America | ... | ... | ... | 514 | 504 | 604 | 656 | 612 | ||||||||||
Employees - Other Regions | ... | ... | ... | 72.0 | 104 | 153 | 189 | 212 | ||||||||||
Sales from High-Precision Components | EUR mil | ... | ... | ... | 160 | 177 | 219 | 283 | 237 | |||||||||
Sales from Downwhole Tools, Oilfiled Supplies & Service | EUR mil | ... | ... | ... | 97.0 | 130 | 189 | 229 | 221 | |||||||||
Sales from Other Products | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Get all company financials in excel:
Schoeller Bleckmann Oilfield Equipment AG is an Austria-based company engaged in the industrial manufacturing of components and parts for the oil and gas industry. The business focus is on non-magnetic drillstring components for directional drilling. Additionally, the group manufactures drilling motors and drilling tools and offers to its customers full-scale repair and maintenance services. The Company's activities are structured into two divisions: the High-precision components division and the Oilfield supplies and services division. The Company primarily sells its products in the United States, Austria, and the Great Britain. Schoeller-Bleckmann Oilfield Equipment AG was incorporated in 1994 and is based in Ternitz, Austria
Schoeller Bleckmann has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 19.2% a year during that time to total of EUR 31.3 mil in 2015, or 9.97% of sales. That’s compared to 25.5% average margin seen in last five years.
The company netted EUR -19.0 mil in 2015 implying ROE of -4.19% and ROCE of -3.27%. Again, the average figures were 13.2% and 9.39%, respectively when looking at the previous 5 years.
Schoeller Bleckmann’s net debt amounted to EUR -26.2 mil at the end of 2015, or -0.058 of equity. When compared to EBITDA, net debt was -0.837x, down when compared to average of 0.026x seen in the last 5 years.
Schoeller Bleckmann stock traded at EUR 60.0 per share at the end of 2015 resulting in a market capitalization of USD 1,161 mil. Over the previous five years, stock price fell by 4.7% or -0.958% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 28.0x and price to earnings (PE) of -50.5x as of 2015.