Melrose (MRO.L) stock price, revenue, and financials
Melrose market cap is £8.1 b, and annual revenue was £10.97 b in FY 2019
£8.1 B
MRO.L Mkt cap, 26-Feb-2021£4.1 B
Melrose Revenue H1, 2020Melrose Gross profit (H1, 2020)535 M
Melrose Gross profit margin (H1, 2020), %13%
Melrose Net income (H1, 2020)-560 M
Melrose EBIT (H1, 2020)-581 M
Melrose Cash, 30-Jun-2020339 M
Melrose EV12 B
Melrose Revenue
Melrose revenue was £10.97 b in FY, 2019 which is a 27.4% year over year increase from the previous period.
Melrose Revenue Breakdown
Melrose revenue breakdown by business segment: 6.5% from Other Industrial, 35.0% from Aerospace, 37.8% from Automotive, 10.0% from Powder Metallurgy and 10.7% from Nortek
Melrose revenue breakdown by geographic segment: 55.4% from North America, 9.6% from United Kingdom, 22.1% from Europe and 12.9% from Other
Melrose Income Statement
Annual
| GBP | FY, 2017 | FY, 2018 | FY, 2019 |
|---|---|---|---|
Revenue | 2.1b | 8.6b | 11.0b |
Revenue growth, % | 135% | 311% | 27% |
Cost of goods sold | 1.4b | 6.9b | 8.7b |
Gross profit | 662.8m | 1.7b | 2.2b |
Gross profit Margin, % | 32% | 20% | 20% |
Sales and marketing expense | 167.7m | 240.0m | 224.0m |
General and administrative expense | 492.6m | 1.9b | 1.7b |
Operating expense total | 659.7m | 2.1b | 2.0b |
EBIT | (6.9m) | (392.0m) | 318.0m |
EBIT margin, % | 0% | (5%) | 3% |
Interest expense | 17.9m | 127.0m | 204.0m |
Pre tax profit | (27.6m) | (550.0m) | 106.0m |
Income tax expense | (3.7m) | (75.0m) | 51.0m |
Net Income | (23.9m) | (475.0m) | (51.0m) |
EPS | (1.2) | (12.0) | (1.2) |
Half Year
| GBP | H1, 2018 | H1, 2019 | H1, 2020 |
|---|---|---|---|
Revenue | 2.9b | 5.7b | 4.1b |
Cost of goods sold | 2.4b | 4.6b | 3.6b |
Gross profit | 506.0m | 1.1b | 535.0m |
Gross profit Margin, % | 17% | 20% | 13% |
Operating expense total | 774.0m | 1.2b | 1.1b |
EBIT | (256.0m) | (11.0m) | (581.0m) |
EBIT margin, % | (9%) | 0% | (14%) |
Pre tax profit | (303.0m) | (128.0m) | (685.0m) |
Income tax expense | (27.0m) | 22.0m | (125.0m) |
Net Income | (276.0m) | (165.0m) | (560.0m) |
EPS | (8.9) | (3.4) | (11.7) |
Melrose Balance Sheet
Annual
| GBP | FY, 2017 | FY, 2018 | FY, 2019 |
|---|---|---|---|
Cash | 16.3m | 415.0m | 317.0m |
Accounts Receivable | 312.5m | 1.9b | 1.5b |
Inventories | 218.9m | 1.5b | 1.3b |
Current Assets | 633.6m | 4.3b | 3.7b |
PP&E | 218.9m | 3.2b | 3.4b |
Goodwill | 1.4b | 4.1b | 3.7b |
Total Assets | 3.1b | 19.7b | 18.0b |
Accounts Payable | 209.7m | 1.3b | 1.2b |
Short-term debt | 400.0k | 382.0m | 160.0m |
Current Liabilities | 466.8m | 3.7b | 3.3b |
Long-term debt | 587.7m | 3.4b | 4.0b |
Non-Current Liabilities | 793.8m | 7.8b | 7.2b |
Total Debt | 588.1m | 3.8b | 4.1b |
Total Liabilities | 1.3b | 11.5b | 10.5b |
Common Stock | 133.1m | 333.0m | 333.0m |
Additional Paid-in Capital | 1.5b | 8.1b | 8.1b |
Retained Earnings | 2.5b | 1.5b | 1.2b |
Total Equity | 1.9b | 8.3b | 7.6b |
Debt to Equity Ratio | 0.3 x | 0.5 x | 0.5 x |
Debt to Assets Ratio | 0.2 x | 0.2 x | 0.2 x |
Financial Leverage | 1.7 x | 2.4 x | 2.4 x |
Half Year
| GBP | H1, 2018 | H1, 2019 | H1, 2020 |
|---|---|---|---|
Cash | 426.0m | 340.0m | 339.0m |
Accounts Receivable | 2.0b | ||
Inventories | 1.6b | 1.5b | 1.3b |
Current Assets | 4.8b | 4.1b | 3.3b |
PP&E | 3.1b | 3.6b | 3.4b |
Total Assets | 17.3b | 19.2b | 18.0b |
Accounts Payable | 2.7b | ||
Short-term debt | 1.0m | 444.0m | 93.0m |
Current Liabilities | 3.2b | 3.8b | 3.1b |
Long-term debt | 3.7b | 3.8b | 4.1b |
Non-Current Liabilities | 6.3b | 7.6b | 7.6b |
Total Debt | 3.7b | 4.2b | 4.2b |
Total Liabilities | 9.4b | 11.4b | 10.7b |
Common Stock | 333.0m | 333.0m | 333.0m |
Additional Paid-in Capital | 8.1b | 8.1b | 8.1b |
Retained Earnings | 1.4b | 1.1b | 615.0m |
Total Equity | 7.8b | 7.8b | 7.3b |
Debt to Equity Ratio | 0.5 x | 0.5 x | |
Debt to Assets Ratio | 0.2 x | 0.2 x | |
Financial Leverage | 2.2 x | 2.5 x | 2.5 x |
Melrose Cash Flow
Annual
| GBP | FY, 2017 | FY, 2018 | FY, 2019 |
|---|---|---|---|
Net Income | (23.9m) | (475.0m) | (51.0m) |
Depreciation and Amortization | 34.7m | 282.0m | 498.0m |
Accounts Receivable | 8.1m | 181.0m | 72.0m |
Inventories | (8.1m) | (108.0m) | (12.0m) |
Accounts Payable | (16.1m) | (159.0m) | (2.0m) |
Cash From Operating Activities | 32.4m | 373.0m | 749.0m |
Purchases of PP&E | (47.7m) | (344.0m) | (465.0m) |
Cash From Investing Activities | (47.4m) | (1.3b) | (415.0m) |
Long-term Borrowings | (1.0m) | (820.0m) | (526.0m) |
Dividends Paid | (63.0m) | (130.0m) | (237.0m) |
Cash From Financing Activities | (8.0m) | 1.3b | (415.0m) |
Net Change in Cash | (23.0m) | 401.0m | (81.0m) |
Interest Paid | 15.6m | 111.0m | 187.0m |
Income Taxes Paid | 15.9m | 66.0m | 117.0m |
Half Year
| GBP | H1, 2018 | H1, 2019 | H1, 2020 |
|---|---|---|---|
Net Income | (276.0m) | (165.0m) | (568.0m) |
Depreciation and Amortization | 75.0m | 246.0m | 252.0m |
Accounts Receivable | (42.0m) | 164.0m | 510.0m |
Inventories | (22.0m) | (92.0m) | 78.0m |
Accounts Payable | (26.0m) | (140.0m) | (337.0m) |
Cash From Operating Activities | 6.0m | 257.0m | 302.0m |
Purchases of PP&E | (80.0m) | (223.0m) | (156.0m) |
Cash From Investing Activities | (1.0b) | 10.0m | (170.0m) |
Long-term Borrowings | (803.0m) | (187.0m) | (111.0m) |
Dividends Paid | (54.0m) | (153.0m) | |
Cash From Financing Activities | 1.4b | (342.0m) | (112.0m) |
Net Change in Cash | 401.0m | (75.0m) | 20.0m |
Interest Paid | 32.0m | 79.0m | 66.0m |
Income Taxes Paid | 22.0m | 79.0m | 8.0m |
Melrose Ratios
| GBP | FY, 2017 |
|---|---|
EV/EBIT | -687.2 x |
EV/CFO | 146.4 x |
Revenue/Employee | 184.3k |
Debt/Equity | 0.3 x |
Debt/Assets | 0.2 x |
Financial Leverage | 1.7 x |
P/E Ratio | (1.8) |
