Generac Financials

$395.4 M

Revenue Q2, 2017

$2.8 B

Mkt cap, 16-Feb-2018
Gross profit (Q2, 2017)134.5 M
Gross profit margin (Q2, 2017), %34%
Net income (Q2, 2017)25.7 M
EBIT (Q2, 2017)52.3 M
Cash, 30-Jun-201767.1 M
EV2.8 B

Financials

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.5 b1.5 b1.3 b1.4 b

Revenue growth, %

(2%)(10%)10%

Cost of goods sold

916.2 m944.7 m857.3 m930.3 m

Gross profit

569.6 m516.2 m460 m514.1 m

Gross profit Margin, %

38%35%35%36%

R&D expense

37.2 m

General and administrative expense

74.7 m

Operating expense total

111.9 m

EBIT

351.5 m293.4 m179.6 m204.6 m

EBIT margin, %

24%20%14%14%

Interest expense

54.4 m47.2 m42.8 m44.6 m

Pre tax profit

278.7 m258.4 m123 m156.4 m

Income tax expense

104.2 m83.7 m45.2 m57.6 m

Net Income

174.5 m174.6 m77.7 m98.8 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

363.3 m342 m362.6 m352.3 m311.8 m288.4 m359.3 m286.5 m367.4 m373.1 m331.8 m395.4 m

Cost of goods sold

223.8 m222.5 m234.6 m222 m209.2 m192.5 m229 m188.5 m243.2 m235.3 m221.3 m260.9 m

Gross profit

139.5 m119.5 m128 m130.3 m102.6 m95.9 m130.3 m98.1 m124.1 m137.8 m110.5 m134.5 m

Gross profit Margin, %

38%35%35%37%33%33%36%34%34%37%33%34%

R&D expense

7.2 m7.7 m8 m7.8 m8.2 m8.4 m8.3 m8.2 m9.9 m9.4 m10.3 m10.6 m

General and administrative expense

13.7 m13.1 m12.5 m13.4 m14.2 m13.6 m13.1 m17.8 m19.6 m18.1 m21 m21.4 m

Operating expense total

52.2 m54.2 m49.9 m59.5 m57.7 m56.4 m62.5 m71.1 m80.1 m81.4 m78.6 m82.2 m

EBIT

87.3 m65.3 m78.2 m70.8 m44.9 m39.5 m67.9 m27 m44.1 m56.3 m31.8 m52.3 m

EBIT margin, %

24%19%22%20%14%14%19%9%12%15%10%13%

Interest expense

12.5 m11.7 m11.4 m12.3 m11.3 m10.8 m10.2 m11 m11.4 m11.3 m10.8 m10.9 m

Pre tax profit

74 m54.2 m82.4 m54.9 m30.7 m23.5 m53.3 m15.9 m32.9 m41.5 m21.1 m39.9 m

Income tax expense

27 m19.5 m28.4 m18.4 m11 m8.6 m19.2 m5.7 m11.9 m15.5 m8.3 m14.1 m

Net Income

47.1 m34.7 m54 m36.5 m19.7 m14.8 m34 m10.2 m20.9 m26 m12.8 m25.7 m

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

150.1 m189.8 m115.9 m67.3 m

Inventories

300.3 m319.4 m325.4 m349.7 m

Current Assets

654.2 m730.5 m661.4 m683.5 m

PP&E

146.4 m168.8 m184.2 m212.8 m

Goodwill

608.3 m635.6 m669.7 m704.6 m

Total Assets

1.8 b1.9 b1.8 b1.9 b

Accounts Payable

109.2 m132.2 m108.3 m181.5 m

Short-term debt

9.6 m5.4 m8.6 m31.2 m

Current Liabilities

250.8 m240.5 m213.2 m341.9 m

Total Debt

31.2 m

Total Liabilities

1.4 b

Additional Paid-in Capital

421.7 m434.9 m443.1 m449 m

Retained Earnings

105.8 m280.4 m358.2 m456.1 m

Total Equity

317.1 m465.9 m401.1 m

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0 x

Financial Leverage

5.7 x3.8 x4.6 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

116.5 m173.7 m198 m173.2 m150.1 m155.6 m46.5 m69.4 m75.6 m54.2 m57.5 m67.1 m

Inventories

296 m292.3 m287.2 m327.6 m356.9 m385.8 m362.3 m374.7 m366.7 m359.4 m390.9 m378.1 m

Current Assets

616 m686.5 m717.2 m732.3 m704.5 m746.9 m654.4 m686.3 m698.6 m671.4 m680.7 m697.8 m

PP&E

120.8 m148 m153.1 m159.1 m171.4 m174.7 m178.1 m197.6 m206.7 m207.5 m215.4 m217.1 m

Goodwill

589.6 m607.2 m607.8 m607.8 m635.6 m639 m668.1 m723.4 m716.8 m711.8 m710.1 m716.8 m

Total Assets

1.7 b1.8 b1.8 b1.8 b1.8 b1.9 b1.8 b1.9 b1.9 b1.9 b1.9 b1.9 b

Accounts Payable

101.7 m113.7 m116.1 m131.4 m135.1 m149.4 m123.2 m148.4 m166.7 m145.9 m159.4 m163.4 m

Short-term debt

18 m7 m6.5 m5.5 m3.1 m3 m4.5 m34.1 m33.6 m35.5 m28.1 m22.2 m

Current Liabilities

240.9 m233.4 m214 m229.5 m234.6 m246 m225 m302.5 m324 m333.6 m315.9 m310.3 m

Total Debt

18 m7 m6.5 m5.5 m3.1 m3 m4.5 m34.1 m33.6 m35.5 m28.1 m22.2 m

Total Liabilities

1.5 b1.5 b1.4 b1.4 b1.3 b1.4 b1.3 b1.4 b1.4 b1.4 b1.4 b1.4 b

Additional Paid-in Capital

419.3 m424.3 m427.3 m431.5 m438 m440 m442 m440.9 m443.8 m446.3 m452.1 m454.8 m

Retained Earnings

57.3 m140.5 m194.5 m231 m300.1 m315 m349 m368.4 m389.3 m415.5 m469.5 m495.5 m

Total Equity

257.3 m353 m519.8 m489.3 m474.5 m450.3 m413.9 m420.4 m428 m

Financial Leverage

6.7 x5.1 x3.6 x3.8 x4.1 x4.3 x4.5 x4.4 x4.4 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

174.5 m174.6 m77.7 m98.8 m

Depreciation and Amortization

25.8 m21 m23.6 m33 m

Accounts Receivable

(5.3 m)(3 m)9.6 m(9.1 m)

Inventories

(52 m)3.5 m9.1 m15.5 m

Accounts Payable

(5.8 m)15.3 m(27.8 m)32.9 m

Cash From Operating Activities

259.9 m253 m188.6 m253.4 m

Cash From Investing Activities

(144.5 m)(95.5 m)(104.3 m)(105.8 m)

Dividends Paid

(343.4 m)(902 k)(1.4 m)(76 k)

Cash From Financing Activities

(73.4 m)(116 m)(154.5 m)(195.7 m)

Interest Paid

55.8 m42.6 m39.5 m42.5 m

Income Taxes Paid

25.8 m34.3 m6.1 m8.9 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

47.1 m34.7 m54 m36.5 m19.7 m14.8 m34 m10.2 m20.9 m26 m12.8 m

Depreciation and Amortization

5.1 m5.3 m5.2 m6 m6.3 m7.8 m8.2 m9.5 m7.2 m

Inventories

287.2 m327.6 m356.9 m385.8 m362.3 m374.7 m366.7 m359.4 m390.9 m

Accounts Payable

116.1 m131.4 m135.1 m149.4 m123.2 m148.4 m166.7 m145.9 m159.4 m

Ratios

Y, 2017

EV/EBIT

53.6 x

Financial Leverage

4.4 x