European Wax Center, Inc.

EWCZ

EWCZEuropean Wax Center, Inc. US flag

NASDAQ Global Select

5.82

USD

- -

319.14MMarket Cap

Income Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	154	103	179	207	221	217	207
+ Sales & Services Revenue	154	103	179	207	221	217	207
- Cost of Revenue	41	36	47	59	63	57	54
+ Cost of Goods & Services	41	36	47	59	63	57	54
Gross Profit	113	68	132	148	158	160	153
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	102	70	107	108	114	112	110
+ Selling, General & Admin	86	50	87	88	93	92	89
+ Research & Development	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	16	20	20	21	21	20	20
Operating Income (Loss)	12	-2	25	40	44	48	43
- Non-Operating (Income) Loss	36	19	21	80	26	31	27
+ Interest Expense, Net	16	18	20	24	27	25	26
+ Interest Expense	16	18	20	24	27	25	26
- Interest Income	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	21	1	1	56	- -	5	- -
Pretax Income	-24	-21	4	-40	18	17	17
- Income Tax Expense (Benefit)	- -	- -	- -	-53	6	2	5
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-24	-21	4	14	12	15	12
- Net Extraordinary Losses (Gains)	- -	- -	-6	12	7	8	6
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	-6	12	7	8	6
Income (Loss) Incl. MI	-24	-21	10	1	5	6	5
- Minority Interest	- -	- -	3	-6	-3	-4	-3
Net Income, GAAP	-24	-21	7	7	9	10	9
- Preferred Dividends	- -	2	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-24	-23	7	7	9	10	9
EBIT	12	-2	25	40	44	48	43
EBITDA	27	17	45	61	65	68	64
EBITDA Margin (%)	17.64	16.83	25.31	29.18	29.42	31.33	30.75
EBITA	12	-2	25	40	44	48	43
Gross Margin (%)	73.48	65.66	73.78	71.44	71.66	73.58	73.95
Operating Margin (%)	7.57	-2.1	13.93	19.25	20.13	21.98	20.87
Profit Margin (%)	-15.82	-20.79	3.87	3.52	3.94	4.82	4.2
Sales per Employee	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.17	- -	- -	4.61	0.06	0.02	- -
Depreciation Expense	16	20	20	21	21	20	20
Basic Weighted Avg Shares	30	30	37	45	48	43	- -
Basic EPS, GAAP	-0.8	-0.76	0.19	0.16	0.18	0.24	- -
Basic EPS from Cont Ops	-0.8	-0.71	0.11	0.3	0.25	0.34	- -
Diluted Weighted Avg Shares	30	30	37	45	48	43	- -
Diluted EPS, GAAP	-0.8	-0.76	0.19	0.16	0.18	0.24	- -
Diluted EPS from Cont Ops	-0.8	-0.71	0.11	0.3	0.25	0.34	- -

Balance Sheet (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	42	57	75	86	95	88	117
+ Cash, Cash Equivalents & STI	10	37	43	44	53	50	76
+ Cash & Cash Equivalents	10	37	43	44	53	50	76
+ ST Investments	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	7	5	7	7	9	7	11
+ Accounts Receivable, Net	7	5	7	7	9	7	11
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Inventories	22	10	19	23	21	19	18
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	23	17	24	23	21	19	18
+ Inventory Adjustments	-1	-7	-5	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	3	5	6	12	13	12	12
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	534	550	538	630	639	619	609
+ Property, Plant & Equip, Net	4	5	4	8	6	6	14
+ Property, Plant & Equip	11	13	12	17	17	17	26
- Accumulated Depreciation	6	8	8	9	10	11	12
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	530	545	534	622	632	614	595
+ Total Intangible Assets	527	542	531	512	491	471	452
+ Goodwill	329	329	329	329	39	39	39
+ Other Intangible Assets	198	213	202	183	451	432	413
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	3	3	4	110	142	142	143
Total Assets	576	607	613	716	734	707	725
+ Payables & Accruals	19	11	18	14	13	13	20
+ Accounts Payable	4	1	8	6	6	6	6
+ Accrued Taxes	2	2	1	1	1	1	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	14	9	9	7	6	6	13
+ ST Debt	2	2	6	5	5	5	5
+ ST Borrowings	2	2	6	4	4	4	4
+ ST Finance Leases	- -	- -	- -	1	1	1	1
+ Other ST Liabilities	8	5	9	13	19	18	18
+ Deferred Revenue	2	2	3	4	5	4	4
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	6	2	6	9	14	14	14
Total Current Liabilities	30	18	32	33	38	36	43
+ LT Debt	223	263	173	375	375	376	377
+ LT Borrowings	223	263	173	371	372	373	375
+ LT Finance Leases	- -	- -	- -	4	3	2	2
+ Other LT Liabilities	9	7	68	178	206	204	200
+ Accrued Liabilities	7	7	7	7	7	7	6
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	2	1	61	171	200	197	195
Total Noncurrent Liabilities	232	270	240	553	581	579	577
Total Liabilities	262	289	272	586	619	615	620
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	183	208	233	245	257
+ Common Stock	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	183	208	233	245	257
- Treasury Stock	- -	- -	- -	10	40	80	86
+ Retained Earnings	-55	-61	-3	-118	-111	-100	-92
+ Other Equity	-1	-1	- -	- -	- -	- -	- -
Equity Before Minority Interest	314	318	179	79	82	64	79
+ Minority/Non Controlling Interest	- -	- -	162	51	33	28	26
Total Equity	314	318	341	130	115	92	105
Total Liabilities & Equity	576	607	613	716	734	707	725
Shares Outstanding	31	31	37	45	48	43	44
Number of Employees	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	6	4	4	3
Net Debt	215	229	135	331	323	328	303
Net Debt to Equity	68.41	71.91	39.54	253.8	281.09	357.59	288.7
Tangible Common Equity Ratio	-429.43	-343.87	-228.37	-186.49	-154.25	-161.02	-126.98
Current Ratio	1.4	3.11	2.36	2.63	2.52	2.43	2.7
Cash Conversion Cycle	- -	152.82	100.65	103.35	104.9	102.49	99.6

Cash Flow Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-24	-21	4	14	12	15	12
+ Depreciation & Amortization	16	20	20	21	21	20	20
+ Non-Cash Items	24	11	20	17	22	19	17
+ Stock-Based Compensation	2	2	11	9	11	5	7
+ Deferred Income Taxes	- -	- -	- -	2	5	8	4
+ Asset Impairment Charge	19	7	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	3	2	8	6	5	6	6
+ Chg in Non-Cash Work Cap	- -	-8	-3	-7	1	2	4
+ (Inc) Dec in Accts Receiv	1	2	-2	-1	-3	1	-4
+ (Inc) Dec in Inventories	-5	5	-9	-4	2	1	1
+ (Inc) Dec in Prepaid Assets	- -	-2	-2	3	1	3	1
+ Inc (Dec) in Accts Payable	2	-10	9	-6	1	- -	8
+ Inc (Dec) in Other	2	-2	2	- -	- -	-3	-3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	15	1	41	44	56	57	53
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-43	-37	-8	- -	-1	-1	-3
+ Acq of Fixed Prod Assets	-9	-2	-1	- -	-1	-1	-3
+ Acq of Intangible Assets	-33	-35	-8	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	74	-10	-30	-40	-6
+ Increase in Capital Stock	- -	- -	213	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	-139	-10	-30	-40	-6
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	2	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	2	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-41	-37	-8	- -	-1	- -	-3
+ Dividends Paid	-5	- -	- -	-205	-3	-1	- -
+ Net Cash From Debt	34	40	-91	202	-4	-4	-4
+ Cash From Debt	40	42	179	384	- -	- -	- -
+ Repayments of Debt	-6	-2	-271	-182	-4	-4	-4
+ Other Financing Activities	-1	22	-9	-24	-10	-14	-14
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	28	62	-27	-37	-46	-59	-24
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	2	26	7	7	8	-3	26
EBITDA	27	17	45	61	65	68	64
EBITDA Margin (%)	17.64	16.83	25.31	29.18	29.42	31.33	30.75
Free Cash Flow	-28	-35	33	44	55	56	50
Net Cash Paid for Acquisitions	-2	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	53	- -	72	78	69
Free Cash Flow to Equity	- -	37	-50	246	51	52	46
Free Cash Flow per Basic Share	-0.91	-1.16	0.9	0.99	1.13	1.29	- -
Price/Free Cash Flow	- -	- -	22.62	12.44	11.68	5.07	- -
Cash Flow to Net Income	-0.6	-0.06	5.98	6.07	6.39	5.4	6.1
Capital Expenditures	-43	-37	-8	- -	-1	-1	-3