Vestis Corporation

VSTS

VSTSVestis Corporation US flag

New York Stock Exchange

13.18

USD

+0.38

- -

1.74BMarket Cap

Income Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	2,562	2,457	2,687	2,825	2,806	2,735
+ Sales & Services Revenue	2,562	2,457	2,687	2,825	2,806	2,735
- Cost of Revenue	1,814	1,766	1,910	1,970	1,990	2,010
+ Cost of Goods & Services	1,814	1,766	1,910	1,970	1,990	2,010
Gross Profit	748	691	777	855	816	725
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	598	595	585	637	658	660
+ Selling, General & Admin	461	461	451	501	517	517
+ Research & Development	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	137	133	134	137	141	143
Operating Income (Loss)	150	96	192	218	158	64
- Non-Operating (Income) Loss	- -	-1	2	-52	126	109
+ Interest Expense, Net	- -	-1	5	2	127	92
+ Interest Expense	- -	- -	5	2	127	92
- Interest Income	- -	1	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	-2	-54	-1	16
Pretax Income	150	97	190	270	32	-44
- Income Tax Expense (Benefit)	38	23	48	57	11	-4
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	112	74	142	213	21	-40
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	112	74	142	213	21	-40
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	112	74	142	213	21	-40
- Preferred Dividends	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	112	74	142	213	21	-40
EBIT	150	96	192	218	158	64
EBITDA	287	230	327	354	299	207
EBITDA Margin (%)	11.2	9.34	12.15	12.54	10.65	7.59
EBITA	150	96	192	218	158	64
Gross Margin (%)	29.2	28.13	28.93	30.26	29.08	26.5
Operating Margin (%)	5.84	3.92	7.15	7.71	5.63	2.36
Profit Margin (%)	4.36	3.02	5.27	7.54	0.75	-1.47
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	1.09	0.73	1.03	12.92	0.15	0.1
Depreciation Expense	137	133	134	137	141	143
Basic Weighted Avg Shares	131	131	131	131	132	132
Basic EPS, GAAP	0.85	0.57	1.08	1.63	0.16	-0.31
Basic EPS from Cont Ops	0.85	0.57	1.08	1.63	0.16	-0.31
Diluted Weighted Avg Shares	131	131	131	131	132	132
Diluted EPS, GAAP	0.85	0.57	1.08	1.63	0.16	-0.31
Diluted EPS from Cont Ops	0.85	0.57	1.08	1.63	0.16	-0.31

Balance Sheet (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	932	987	1,020	813	850
+ Cash, Cash Equivalents & STI	- -	41	24	36	31	30
+ Cash & Cash Equivalents	- -	41	24	36	31	30
+ ST Investments	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	317	369	393	177	162
+ Accounts Receivable, Net	- -	317	369	393	177	162
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -
+ Inventories	- -	557	577	574	561	585
+ Raw Materials	- -	42	23	35	35	41
+ Work In Process	- -	1	2	1	1	1
+ Finished Goods	- -	514	551	537	525	542
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	16	18	17	44	73
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	2,176	2,146	2,137	2,119	2,057
+ Property, Plant & Equip, Net	- -	740	722	722	744	749
+ Property, Plant & Equip	- -	1,628	1,680	1,754	1,833	1,824
- Accumulated Depreciation	- -	887	958	1,032	1,088	1,075
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	1,436	1,424	1,415	1,375	1,308
+ Total Intangible Assets	- -	1,242	1,228	1,202	1,177	1,151
+ Goodwill	- -	965	963	964	964	962
+ Other Intangible Assets	- -	277	264	239	213	189
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	194	196	213	198	158
Total Assets	- -	3,108	3,133	3,157	2,932	2,907
+ Payables & Accruals	- -	340	361	322	405	354
+ Accounts Payable	- -	133	167	134	163	158
+ Accrued Taxes	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	206	194	187	242	195
+ ST Debt	- -	44	41	74	51	55
+ ST Borrowings	- -	- -	- -	26	- -	- -
+ ST Finance Leases	- -	44	41	48	51	55
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -
Total Current Liabilities	- -	383	402	396	456	409
+ LT Debt	- -	138	141	1,614	1,329	1,363
+ LT Borrowings	- -	- -	- -	1,463	1,148	1,155
+ LT Finance Leases	- -	138	141	151	181	208
+ Other LT Liabilities	- -	255	254	270	244	269
+ Accrued Liabilities	- -	184	202	218	191	177
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	71	52	53	53	92
Total Noncurrent Liabilities	- -	393	395	1,884	1,573	1,632
Total Liabilities	- -	776	797	2,280	2,029	2,041
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	- -	- -	929	939
+ Common Stock	- -	- -	- -	- -	1	1
+ Additional Paid in Capital	- -	- -	- -	- -	928	938
- Treasury Stock	- -	- -	- -	- -	- -	- -
+ Retained Earnings	- -	- -	- -	- -	3	-47
+ Other Equity	- -	-12	-32	-31	-29	-26
Equity Before Minority Interest	- -	2,332	2,336	877	903	866
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
Total Equity	- -	2,332	2,336	877	903	866
Total Liabilities & Equity	- -	3,108	3,133	3,157	2,932	2,907
Shares Outstanding	- -	131	131	131	131	132
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	182	182	199	233	264
Net Debt	- -	-41	-24	1,453	1,117	1,125
Net Debt to Equity	- -	-1.76	-1.02	165.6	123.66	130.01
Tangible Common Equity Ratio	- -	58.41	58.16	-16.61	-15.58	-16.22
Current Ratio	- -	2.43	2.45	2.58	1.78	2.08
Cash Conversion Cycle	- -	70.68	126.51	127.77	113.7	97.83

Cash Flow Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	112	74	142	213	21	-40
+ Depreciation & Amortization	137	133	134	137	141	143
+ Non-Cash Items	- -	51	62	-23	7	5
+ Stock-Based Compensation	7	15	17	14	16	12
+ Deferred Income Taxes	-13	-1	21	14	-20	-13
+ Asset Impairment Charge	- -	- -	- -	8	1	1
+ Other Non-Cash Adj	6	36	24	-60	10	6
+ Chg in Non-Cash Work Cap	-17	-14	-106	-70	303	-44
+ (Inc) Dec in Accts Receiv	19	-31	-54	-24	216	14
+ (Inc) Dec in Inventories	-13	-4	-43	4	13	-24
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-19	25	- -	-41	102	-13
+ Inc (Dec) in Other	-5	-5	-9	-9	-28	-21
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	231	244	233	257	472	64
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	27	3	7	11	5	6
+ Disp of Fixed Prod Assets	27	3	7	11	5	6
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-58	-90	-76	-78	-79	-58
+ Acq of Fixed Prod Assets	-58	-90	-76	-78	-79	-58
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-12	-16	-17	52	- -	38
+ Cash from Divestitures	- -	- -	- -	52	- -	38
+ Cash for Acq of Subs	-12	-16	-17	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	-5
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-43	-103	-86	-15	-74	-20
+ Dividends Paid	-143	-96	-135	-1,689	-20	-14
+ Net Cash From Debt	-32	-30	-28	1,472	-370	-28
+ Cash From Debt	- -	- -	- -	1,500	798	167
+ Repayments of Debt	-32	-30	-28	-28	-1,168	-195
+ Other Financing Activities	- -	- -	- -	-14	-13	-4
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-175	-126	-163	-230	-403	-46
Effect of Foreign Exchange Rates	- -	1	-2	- -	- -	- -
Net Changes in Cash	13	16	-16	12	-5	-2
EBITDA	287	230	327	354	299	207
EBITDA Margin (%)	11.2	9.34	12.15	12.54	10.65	7.59
Free Cash Flow	173	154	156	179	393	6
Net Cash Paid for Acquisitions	12	16	17	-52	- -	-38
Free Cash Flow to Firm	173	154	160	181	476	- -
Free Cash Flow to Equity	- -	127	136	1,663	28	-17
Free Cash Flow per Basic Share	1.32	1.18	1.19	1.37	2.99	0.04
Price/Free Cash Flow	- -	- -	- -	7.53	3.57	4.86
Cash Flow to Net Income	2.07	3.29	1.64	1.21	22.5	-1.6
Capital Expenditures	-58	-90	-76	-78	-79	-58