Income Statement Estoril Sol SGPS Euronext Lisbonne

Stocks

ESO

PTESO0AE0000

Casinos & Gaming

Delayed Euronext Lisbonne Other stock markets 20:25:11 30/10/2017 +04			5-day change	1st Jan Change
10.25 ^EUR	-1.91%		-4.12%	+314.98%

07-20	Estoril Sol, SGPS, S.A. Reports Earnings Results for the Full Year Ended December 31, 2025	CI
05-19	Estoril Sol expects to report 2025 results by June 22	RE

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Published financial data: ESTORIL SOL SGPS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	133M	209M	215M	212M	207M
Other Revenues, Total	2.84M	5.74M	10.37M	12.11M	12.89M
Total Revenues	136M	215M	225M	224M	220M
Cost of Goods Sold, Total	33.5M	38.44M	39.42M	46.51M	49.56M
Gross Profit	103M	176M	186M	177M	171M
Selling General & Admin Expenses, Total	31.02M	45.23M	49.69M	49.6M	47M
Provision for Bad Debts	670K	151K	2.98K	49.56K	-
Depreciation & Amortization - (IS)	5.06M	3.31M	17.44M	18.1M	18.86M
Other Operating Expenses	52.61M	76.64M	94.9M	97.83M	97.4M
Other Operating Expenses, Total	89.37M	125M	162M	166M	163M
Operating Income	13.13M	50.85M	23.74M	11.6M	7.39M
Interest Expense, Total	-349K	-277K	-225K	-271K	-320K
Interest And Investment Income	35.53K	53.41K	186K	443K	464K
Net Interest Expenses	-314K	-223K	-39.74K	172K	144K
Currency Exchange Gains (Loss)	4.12K	20.5K	19.9K	14.88K	18.98K
Other Non Operating Income (Expenses)	16.27K	39.07K	-10.26M	-9.9M	-9.4M
EBT, Excl. Unusual Items	12.84M	50.68M	13.46M	1.89M	-1.84M
Restructuring Charges	-	-	-	-	-3.3M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Asset Writedown	-182	-	987	-6.79M	-13.18M
Legal Settlements	1.85M	-7.74M	1.25K	96.58K	491K
Other Unusual Items	4.56M	2.13K	-	-	-
EBT, Incl. Unusual Items	19.25M	42.95M	13.46M	-4.8M	-17.83M
Income Tax Expense	106K	78.81K	86.85K	26.97K	20.81K
Earnings From Continuing Operations	19.15M	42.87M	13.37M	-4.82M	-17.85M
Net Income to Company	19.15M	42.87M	13.37M	-4.82M	-17.85M
Minority Interest	-7.98M	-10.02M	-7.72M	-7.24M	-7.4M
Net Income - (IS)	11.16M	32.85M	5.65M	-12.06M	-25.25M
Net Income to Common Incl Extra Items	11.16M	32.85M	5.65M	-12.06M	-25.25M
Net Income to Common Excl. Extra Items	11.16M	32.85M	5.65M	-12.06M	-25.25M
Per Share Items
Net EPS - Basic	0.94	2.75	0.47	-1.01	-2.12
Basic EPS - Continuing Operations	0.94	2.75	0.47	-1.01	-2.12
Basic Weighted Average Shares Outstanding	11.93M	11.93M	11.93M	11.93M	11.93M
Net EPS - Diluted	0.94	2.75	0.47	-1.01	-2.12
Diluted EPS - Continuing Operations	0.94	2.75	0.47	-1.01	-2.12
Diluted Weighted Average Shares Outstanding	11.93M	11.93M	11.93M	11.93M	11.93M
Normalized Basic EPS	0	1.82	0.06	-0.51	-0.72
Normalized Diluted EPS	0	1.82	0.06	-0.51	-0.72
Dividend Per Share	-	-	0.17	-	-
Payout Ratio	-	-	-	-16.58	-
Supplemental Items
EBITDA	17.8M	53.88M	40.11M	28.5M	24.53M
EBITA	14.48M	51.52M	37.85M	25.74M	21.01M
EBIT	13.13M	50.85M	23.74M	11.6M	7.39M
EBITDAR	18.47M	54.79M	41M	29.21M	25.19M
Effective Tax Rate - (Ratio)	0.55	0.18	0.65	-0.56	-0.12
Total Current Taxes	-	-	-	-	-
Normalized Net Income	38.71K	21.66M	691K	-6.05M	-8.55M
Interest on Long-Term Debt	99.05K	72.13K	77.37K	115K	149K
Non-Cash Pension Expense	21K	13K	41K	23.6K	24K
Supplemental Operating Expense Items
Advertising Expense	7.09M	8.5M	11.5M	11.31M	9.84M
Selling and Marketing Expenses	7.09M	8.5M	11.5M	11.31M	9.84M
Net Rental Expense, Total	670K	916K	890K	708K	661K
Imputed Operating Lease Interest Expense	228K	412K	2.89M	2.72M	2.21M
Imputed Operating Lease Depreciation	441K	504K	-2M	-2.02M	-1.55M
Maintenance & Repair Expenses, Total	1.76M	2.94M	3.47M	3.57M	3.36M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	68.69M	113M	92.2M	87.97M	86.82M
Total Cash And Short Term Investments	68.69M	113M	92.2M	87.97M	86.82M
Accounts Receivable, Total	433K	442K	298K	604K	635K
Other Receivables	644K	516K	873K	440K	-
Total Receivables	1.08M	958K	1.17M	1.04M	635K
Inventory	6.91M	6.91M	9.7M	9.89M	9.94M
Other Current Assets, Total	1.05M	1.11M	1.14M	1.32M	1.96M
Total Current Assets	77.72M	122M	104M	100M	99.35M
Gross Property Plant And Equipment	335M	330M	321M	325M	325M
Accumulated Depreciation	-283M	-279M	-271M	-268M	-268M
Net Property Plant And Equipment	52.3M	50.48M	50.42M	56.92M	57.79M
Other Intangibles, Total	2.68M	2.02M	190M	169M	142M
Other Long-Term Assets, Total	275K	292K	287K	272K	267K
Total Assets	133M	175M	345M	326M	300M
Liabilities
Accounts Payable, Total	6.78M	8.11M	7.78M	10.3M	8.62M
Accrued Expenses, Total	12.12M	12.37M	24.09M	20.57M	25.97M
Short-term Borrowings	8.88M	64.52K	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	241K	176K	228K	276K	397K
Current Income Taxes Payable	106K	78.81K	86.85K	39.18K	1.38K
Unearned Revenue Current, Total	2.26M	2.35M	2.22M	2.25M	2.09M
Other Current Liabilities	5.15M	6.39M	19.55M	19.41M	20.45M
Total Current Liabilities	35.54M	29.53M	53.96M	52.84M	57.53M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	134K	353K	289K	332K	523K
Pension & Other Post Retirement Benefits	1.77M	1.41M	775K	741K	959K
Other Non Current Liabilities	1.1M	8.71M	157M	151M	147M
Total Liabilities	38.55M	40.01M	212M	205M	206M
Common Stock, Total	59.97M	59.97M	59.97M	59.97M	59.97M
Additional Paid In Capital	960K	960K	960K	960K	960K
Retained Earnings	20.03M	42.28M	16.73M	-689K	-13.88M
Treasury Stock	-708K	-708K	-708K	-708K	-708K
Comprehensive Income and Other	8.1M	18.94M	50.15M	53.48M	41.12M
Total Common Equity	88.35M	121M	127M	113M	87.46M
Minority Interest	6.08M	13.1M	5.32M	8.56M	6.11M
Total Equity	94.43M	135M	132M	122M	93.57M
Total Liabilities And Equity	133M	175M	345M	326M	300M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	11.93M	11.93M	11.93M	11.93M	11.93M
ECS Total Common Shares Outstanding	11.93M	11.93M	11.93M	11.93M	11.93M
Book Value / Share	7.4	10.18	10.65	9.47	7.33
Tangible Book Value	85.67M	119M	-62.61M	-55.86M	-54.64M
Tangible Book Value Per Share	7.18	10.01	-5.25	-4.68	-4.58
Total Debt	9.26M	593K	517K	608K	921K
Net Debt	-59.43M	-112M	-91.69M	-87.36M	-85.9M
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.77M	1.41M	775K	741K	959K
Debt Equivalent Oper. Leases	5.36M	7.33M	7.12M	5.66M	5.29M
Minority Interest, Total (Incl. Fin. Div)	6.08M	13.1M	5.32M	8.56M	6.11M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	277K	285K	302K	380K	378K
Inventories - Finished Goods, Total	9.37M	9.37M	9.39M	9.51M	9.56M
Land - (BS)	16.51M	16.51M	16.51M	16.51M	16.51M
Buildings, Total	197M	197M	197M	198M	199M
Machinery, Total	123M	116M	107M	109M	107M
Full Time Employees	900	900	900	900	1.09K
Accumulated Allowance for Doubtful Accounts (Supple)	1.95M	1.9M	1.88M	1.93M	1.93M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	11.16M	32.85M	5.65M	-12.06M	-25.25M
Depreciation & Amortization - CF	3.71M	2.64M	2.54M	3.15M	3.99M
Amortization of Goodwill and Intangible Assets - (CF)	1.35M	678K	14.12M	14.14M	13.62M
Depreciation & Amortization, Total	5.06M	3.31M	16.66M	17.29M	17.61M
Other Operating Activities, Total	1.9M	20.25M	17.43M	23.23M	37.65M
Cash from Operations	18.13M	56.41M	39.74M	28.46M	30M
Capital Expenditure	-94.27K	-98.57K	-3.24M	-10.7M	-4.89M
Sale (Purchase) of Intangible assets	-8K	-14K	-41.09M	-15.9M	-16.18M
Other Investing Activities, Total	55.19K	130K	90.74K	-17.93M	5.85M
Cash from Investing	-47.08K	17.41K	-44.24M	-44.53M	-15.23M
Short Term Debt Issued, Total	86.6M	38.25M	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	86.6M	38.25M	-	-	-
Short Term Debt Repaid, Total	-84.27M	-47.07M	-	-	-
Long-Term Debt Repaid, Total	-405K	-320K	-297K	-404K	-482K
Total Debt Repaid	-84.68M	-47.39M	-297K	-404K	-482K
Common Dividends Paid	-	-	-	-2M	-
Common & Preferred Stock Dividends Paid	-	-	-	-2M	-
Other Financing Activities, Total	-10.01M	-3.27M	-15.71M	-4.25M	-10.15M
Cash from Financing	-8.09M	-12.41M	-16.01M	-6.66M	-10.63M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	9.99M	44.02M	-20.51M	-22.73M	4.15M
Supplemental Items
Cash Interest Paid	313K	269K	213K	255K	299K
Cash Income Tax Paid (Refund)	125K	131K	53.71K	101K	-
Levered Free Cash Flow	11.55M	37.73M	8.44M	-3.65M	5.24M
Unlevered Free Cash Flow	11.77M	37.91M	8.58M	-3.48M	5.44M
Change In Net Working Capital	1.39M	-2.93M	-21.42M	1.41M	-4.29M
Net Debt Issued / Repaid	1.92M	-9.14M	-297K	-404K	-482K

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.3	20.67	5.72	2.16	1.48
Return on Total Capital	8.4	26.61	11.07	5.68	4.27
Return On Equity %	21.39	37.44	10.02	-3.8	-16.6
Return on Common Equity	13.52	31.32	4.55	-10.05	-25.19
Margin Analysis
Gross Profit Margin %	75.37	82.09	82.5	79.21	77.49
SG&A Margin	22.81	21.07	22.06	22.17	21.34
EBITDA Margin %	13.08	25.1	17.81	12.74	11.14
EBITA Margin %	10.65	24.01	16.81	11.51	9.54
EBIT Margin %	9.65	23.69	10.54	5.19	3.36
Income From Continuing Operations Margin %	14.08	19.97	5.94	-2.16	-8.11
Net Income Margin %	8.21	15.31	2.51	-5.39	-11.47
Net Avail. For Common Margin %	8.21	15.31	2.51	-5.39	-11.47
Normalized Net Income Margin	0.03	10.09	0.31	-2.71	-3.88
Levered Free Cash Flow Margin	8.5	17.58	3.75	-1.63	2.38
Unlevered Free Cash Flow Margin	8.66	17.66	3.81	-1.55	2.47
Asset Turnover
Asset Turnover	1.04	1.4	0.87	0.67	0.7
Fixed Assets Turnover	2.52	4.18	4.46	4.17	3.84
Receivables Turnover (Average Receivables)	467.16	477.67	580.88	469.07	334.48
Inventory Turnover (Average Inventory)	4.85	5.56	4.75	4.75	5
Short Term Liquidity
Current Ratio	2.19	4.12	1.93	1.9	1.73
Quick Ratio	1.96	3.85	1.73	1.68	1.52
Operating Cash Flow to Current Liabilities	0.51	1.91	0.74	0.54	0.52
Days Sales Outstanding (Average Receivables)	0.78	0.76	0.63	0.78	1.09
Days Outstanding Inventory (Average Inventory)	75.24	65.61	76.9	77.07	73.02
Average Days Payable Outstanding	70.73	70.71	68.75	70.87	69.59
Cash Conversion Cycle (Average Days)	5.29	-4.33	8.79	6.98	4.52
Long Term Solvency
Total Debt/Equity	9.81	0.44	0.39	0.5	0.98
Total Debt / Total Capital	8.93	0.44	0.39	0.5	0.97
LT Debt/Equity	0.14	0.26	0.22	0.27	0.56
Long-Term Debt / Total Capital	0.13	0.26	0.22	0.27	0.55
Total Liabilities / Total Assets	28.99	22.92	61.58	62.74	68.76
EBIT / Interest Expense	37.6	183.72	105.35	42.89	23.13
EBITDA / Interest Expense	52.1	195.69	179.3	106.79	78.21
(EBITDA - Capex) / Interest Expense	51.83	195.34	164.92	67.24	62.92
Total Debt / EBITDA	0.51	0.01	0.01	0.02	0.04
Net Debt / EBITDA	-3.27	-2.07	-2.27	-3.02	-3.44
Total Debt / (EBITDA - Capex)	0.51	0.01	0.01	0.03	0.05
Net Debt / (EBITDA - Capex)	-3.28	-2.08	-2.47	-4.8	-4.27
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-1.63	57.8	4.92	-0.66	-1.55
Gross Profit, 1 Yr. Growth %	-0.49	71.88	5.44	-4.62	-3.68
EBITDA, 1 Yr. Growth %	328.8	202.74	-25.56	-28.94	-13.95
EBITA, 1 Yr. Growth %	-398.95	255.8	-26.53	-32.01	-18.36
EBIT, 1 Yr. Growth %	-191.65	287.26	-53.32	-51.12	-36.26
Earnings From Cont. Operations, 1 Yr. Growth %	-248.29	123.9	-68.8	-136.07	270.02
Net Income, 1 Yr. Growth %	-154.91	194.29	-82.79	-313.33	109.37
Normalized Net Income, 1 Yr. Growth %	-100.23	55.84K	-96.81	-975.86	41.21
Diluted EPS Before Extra, 1 Yr. Growth %	-154.91	194.29	-82.79	-313.33	109.37
Accounts Receivable, 1 Yr. Growth %	215.21	2.07	-32.58	102.89	5.16
Inventory, 1 Yr. Growth %	-0.02	0.13	40.21	2.02	0.51
Net Property, Plant and Equip., 1 Yr. Growth %	-6.12	-3.49	-0.13	12.91	1.53
Total Assets, 1 Yr. Growth %	4.17	31.26	97.43	-5.32	-8.21
Tangible Book Value, 1 Yr. Growth %	17.7	39.4	-152.43	-10.78	-2.19
Common Equity, 1 Yr. Growth %	15.02	37.45	4.66	-11.08	-22.61
Cash From Operations, 1 Yr. Growth %	-178.17	211.2	-29.56	-28.39	5.43
Capital Expenditures, 1 Yr. Growth %	-90.01	4.56	3.19K	230.19	-54.28
Levered Free Cash Flow, 1 Yr. Growth %	-164.14	226.57	-77.63	-143.19	-243.8
Unlevered Free Cash Flow, 1 Yr. Growth %	-166.08	221.99	-77.36	-140.51	-256.54
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-24.41	24.59	28.67	2.09	-1.11
Gross Profit, 2 Yr. CAGR %	-27.88	30.78	34.62	0.28	-4.15
EBITDA, 2 Yr. CAGR %	-32.09	260.3	50.12	-27.27	-21.8
EBITA, 2 Yr. CAGR %	-30.56	226.14	61.68	-29.32	-25.5
EBIT, 2 Yr. CAGR %	-18.23	88.39	34.46	-52.23	-44.18
Earnings From Cont. Operations, 2 Yr. CAGR %	14.93	82.22	-16.42	-66.45	15.53
Net Income, 2 Yr. CAGR %	6.13	27.12	-28.83	-39.4	111.34
Normalized Net Income, 2 Yr. CAGR %	-92.83	14.39	322.55	-47.13	251.68
Diluted EPS Before Extra, 2 Yr. CAGR %	6.13	27.12	-28.83	-39.4	111.34
Accounts Receivable, 2 Yr. CAGR %	4.1	79.37	-17.04	16.96	46.07
Inventory, 2 Yr. CAGR %	-0.12	0.05	18.49	19.6	1.26
Net Property, Plant and Equip., 2 Yr. CAGR %	-9.84	-4.81	-1.82	6.19	7.07
Total Assets, 2 Yr. CAGR %	-11.7	16.93	60.98	36.72	-6.77
Tangible Book Value, 2 Yr. CAGR %	1.22	28.09	-14.51	-31.61	-6.58
Common Equity, 2 Yr. CAGR %	-4.61	25.74	19.94	-3.53	-17.05
Cash From Operations, 2 Yr. CAGR %	-31.59	55.97	48.06	-28.98	-13.11
Capital Expenditures, 2 Yr. CAGR %	-78.44	-67.68	486.21	941.72	22.86
Levered Free Cash Flow, 2 Yr. CAGR %	-37.15	44.73	-14.53	-68.91	-21.19
Unlevered Free Cash Flow, 2 Yr. CAGR %	-36.78	45.86	-14.62	-69.71	-20.36
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-16.37	-3.39	17.66	18.04	0.86
Gross Profit, 3 Yr. CAGR %	-18.69	-3.67	21.72	20.01	-1.06
EBITDA, 3 Yr. CAGR %	-22.61	11.77	113	17	-23.07
EBITA, 3 Yr. CAGR %	-21.03	19.71	98.44	21.13	-25.84
EBIT, 3 Yr. CAGR %	-11.59	37.32	18.33	-4.04	-47.41
Earnings From Cont. Operations, 3 Yr. CAGR %	6.02	43.54	1.18	-36.84	-25.32
Net Income, 3 Yr. CAGR %	-6.72	49.1	-34.72	2.62	-8.39
Normalized Net Income, 3 Yr. CAGR %	-83.84	42.26	-65.31	438.77	-26.64
Diluted EPS Before Extra, 3 Yr. CAGR %	-6.72	49.1	-34.72	2.62	-8.39
Accounts Receivable, 3 Yr. CAGR %	-5.18	3.42	29.45	11.77	12.88
Inventory, 3 Yr. CAGR %	-0.15	-0.03	11.97	12.72	12.86
Net Property, Plant and Equip., 3 Yr. CAGR %	-9.81	-7.77	-3.28	2.86	4.61
Total Assets, 3 Yr. CAGR %	-6.73	0.78	39.24	34.88	19.72
Tangible Book Value, 3 Yr. CAGR %	10.01	12.62	-4.9	-13.28	-22.94
Common Equity, 3 Yr. CAGR %	-1.49	7.74	18.28	8.55	-10.36
Cash From Operations, 3 Yr. CAGR %	-26.25	13.35	19.67	16.22	-18.98
Capital Expenditures, 3 Yr. CAGR %	-70.63	-63.51	50.86	384.12	267.45
Levered Free Cash Flow, 3 Yr. CAGR %	-31.63	8.86	-22.33	-31.92	-48.21
Unlevered Free Cash Flow, 3 Yr. CAGR %	-31.46	8.78	-21.61	-33.4	-47.64
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-6.99	-0.26	-0.64	-1.23	9.76
Gross Profit, 5 Yr. CAGR %	-8.18	-0.13	-0.52	-2.11	10.62
EBITDA, 5 Yr. CAGR %	-11.2	5.82	0.87	-5.88	42.66
EBITA, 5 Yr. CAGR %	-8.96	9.92	5.18	-3.04	34.11
EBIT, 5 Yr. CAGR %	2.16	19.53	4.55	-9.99	-12.39
Earnings From Cont. Operations, 5 Yr. CAGR %	20.74	25.28	-3.6	-19.75	6.7
Net Income, 5 Yr. CAGR %	11.23	25.21	-16.29	4.01	4.43
Normalized Net Income, 5 Yr. CAGR %	-61.79	19.29	-40.38	-4.25	-12.38
Diluted EPS Before Extra, 5 Yr. CAGR %	11.23	25.21	-16.29	4.01	4.43
Accounts Receivable, 5 Yr. CAGR %	5.76	1.79	-10.12	8.63	35.86
Inventory, 5 Yr. CAGR %	0.38	-0.01	6.93	7.4	7.55
Net Property, Plant and Equip., 5 Yr. CAGR %	-8.84	-8.23	-6.7	-2.42	0.74
Total Assets, 5 Yr. CAGR %	-3.77	3.07	16.02	13.85	18.6
Tangible Book Value, 5 Yr. CAGR %	32.54	21.67	-0.55	-7.75	-5.57
Common Equity, 5 Yr. CAGR %	2.9	7.84	6.58	3.08	2.63
Cash From Operations, 5 Yr. CAGR %	-13.41	2.95	-2.54	-5.98	5.29
Capital Expenditures, 5 Yr. CAGR %	-52.24	-57.32	-2.74	39.45	38.97
Levered Free Cash Flow, 5 Yr. CAGR %	-15.31	4.53	-25.24	-34.06	-21.87
Unlevered Free Cash Flow, 5 Yr. CAGR %	-16.06	4.03	-25.17	-34.77	-21.11
Dividend Per Share, 5 Yr. CAGR %	-	-	-16.74	-	-