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Financial statements

SCHMID Group N.V. financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data SCHMID Group N.V. files with the SEC in its annual reports.

In EUR millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2021FY2023FY2023FY2024
Revenue39.595.190.260.8
Cost of revenue30.561.763.848.8
Gross profit8.9833.326.412
Research and development2.734.825.153.97
Selling and marketing7.8511.412.612.9
Operating income-7.4313.732.2-81.8
Interest expense1817.710.15.71
Interest income3.365.7619.71.89
Pre-tax income-22.11.6740.7-85.6
Income tax5.2-1.922.78-1.49
Net income to minority interests-2.832.041.090.01
Net income-24.51.5536.9-84.1
EBITDA-2.5319.939.1-74.5
EPS, basic0.051.28-2.41
EPS, diluted0.051.28-2.41

Balance sheet

FY2021FY2023FY2023FY2024
Cash and equivalents18.48.335.713.79
Receivables1094738.2
Inventory2516.415.7
Total current assets14774.260.8
Property, plant and equipment13.913.45.75.28
Lease right-of-use assets1.511.339.067.81
Intangible assets1615.81514.9
Total assets18010793.1
Accounts payable25.425.928.2
Total current liabilities19687.3100
Lease liabilities0.849.378.23
Total liabilities235124154
Total debt16348.2
Shareholders' equity-61-25.2-61.1
Minority interests6.687.360.67
Total equity-59-54.3-17.8-60.4
Total liabilities and equity18010793.1

Cash flow statement

FY2021FY2023FY2023FY2024
Net income-27.33.5938-84.1
Depreciation and amortization4.896.286.97.32
Cash from operations-10.30.289.9-2.58
Cash from investing-7.54-7.1772-4.05
Debt issued4.13.15
Debt repaid-1.91-5.88-81.9-0.26
Cash from financing35.7-3.17-83.73.96
Exchange rate effect-0.820.76

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Gross margin19.8%Gross profit / revenue.
Operating margin-134.4%Operating income / revenue.
EBITDA margin-122.4%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-140.7%Pre-tax income / revenue.
Net margin-138.3%Net income / revenue.
Operating cash flow margin-4.2%Cash from operations / revenue.
Return on assets (ROA)-84.2%Net income / average total assets.
R&D / revenue6.5%Research and development expense / revenue.
D&A / revenue12.0%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-32.6%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y15.5%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y-54.4%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y10.3%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income growth, 1y-354.0%Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y-290.4%EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y-328.1%Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y-288.3%EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y-126.0%Operating cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-12.6%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.61xCurrent assets / current liabilities.
Quick ratio0.42x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.04x(Cash + short-term investments) / current liabilities.
Liabilities / assets164.9%Total liabilities / total assets.
Interest coverage-14.3xOperating income / interest expense.
Working capital-€39.6MCurrent assets - current liabilities.
Goodwill and intangibles / assets16.0%(Goodwill + intangible assets) / total assets.
Tangible book value-€76.1MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.61xRevenue / average total assets.
Fixed asset turnover11.1xRevenue / average property, plant and equipment.
Inventory turnover3.04xCost of revenue / average inventory.
Days inventory120 days365 x average inventory / cost of revenue.
Receivables turnover1.43xRevenue / average receivables.
Days sales outstanding256 days365 x average receivables / revenue.
Days payables202 days365 x average accounts payable / cost of revenue.
Cash conversion cycle173 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-€2.41Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-€2.41Net income per basic share, as reported (split-adjusted).
What was SCHMID Group N.V.'s revenue in fiscal 2024?

SCHMID Group N.V. reported revenue of €60.8M for fiscal 2024, 32.6% lower than the year before.

Was SCHMID Group N.V. profitable in fiscal 2024?

No. It reported a net loss of €84.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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