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-Apr-2021

£4.1 B

Melrose Revenue H1, 2020
Melrose 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.

Embed Graph

Melrose Revenue Breakdown

Embed Graph

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

GBPFY, 2017FY, 2018FY, 2019

Revenue

2.1b8.6b11.0b

Revenue growth, %

135%311%27%

Cost of goods sold

1.4b6.9b8.7b

Gross profit

662.8m1.7b2.2b

Gross profit Margin, %

32%20%20%

Sales and marketing expense

167.7m240.0m224.0m

General and administrative expense

492.6m1.9b1.7b

Operating expense total

659.7m2.1b2.0b

EBIT

(6.9m)(392.0m)318.0m

EBIT margin, %

0%(5%)3%

Interest expense

17.9m127.0m204.0m

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

GBPH1, 2018H1, 2019H1, 2020

Revenue

2.9b5.7b4.1b

Cost of goods sold

2.4b4.6b3.6b

Gross profit

506.0m1.1b535.0m

Gross profit Margin, %

17%20%13%

Operating expense total

774.0m1.2b1.1b

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

GBPFY, 2017FY, 2018FY, 2019

Cash

16.3m415.0m317.0m

Accounts Receivable

312.5m1.9b1.5b

Inventories

218.9m1.5b1.3b

Current Assets

633.6m4.3b3.7b

PP&E

218.9m3.2b3.4b

Goodwill

1.4b4.1b3.7b

Total Assets

3.1b19.7b18.0b

Accounts Payable

209.7m1.3b1.2b

Short-term debt

400.0k382.0m160.0m

Current Liabilities

466.8m3.7b3.3b

Long-term debt

587.7m3.4b4.0b

Non-Current Liabilities

793.8m7.8b7.2b

Total Debt

588.1m3.8b4.1b

Total Liabilities

1.3b11.5b10.5b

Common Stock

133.1m333.0m333.0m

Additional Paid-in Capital

1.5b8.1b8.1b

Retained Earnings

2.5b1.5b1.2b

Total Equity

1.9b8.3b7.6b

Debt to Equity Ratio

0.3 x0.5 x0.5 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x

Financial Leverage

1.7 x2.4 x2.4 x

Half Year

GBPH1, 2018H1, 2019H1, 2020

Cash

426.0m340.0m339.0m

Accounts Receivable

2.0b

Inventories

1.6b1.5b1.3b

Current Assets

4.8b4.1b3.3b

PP&E

3.1b3.6b3.4b

Total Assets

17.3b19.2b18.0b

Accounts Payable

2.7b

Short-term debt

1.0m444.0m93.0m

Current Liabilities

3.2b3.8b3.1b

Long-term debt

3.7b3.8b4.1b

Non-Current Liabilities

6.3b7.6b7.6b

Total Debt

3.7b4.2b4.2b

Total Liabilities

9.4b11.4b10.7b

Common Stock

333.0m333.0m333.0m

Additional Paid-in Capital

8.1b8.1b8.1b

Retained Earnings

1.4b1.1b615.0m

Total Equity

7.8b7.8b7.3b

Debt to Equity Ratio

0.5 x0.5 x

Debt to Assets Ratio

0.2 x0.2 x

Financial Leverage

2.2 x2.5 x2.5 x

Melrose Cash Flow

Annual

GBPFY, 2017FY, 2018FY, 2019

Net Income

(23.9m)(475.0m)(51.0m)

Depreciation and Amortization

34.7m282.0m498.0m

Accounts Receivable

8.1m181.0m72.0m

Inventories

(8.1m)(108.0m)(12.0m)

Accounts Payable

(16.1m)(159.0m)(2.0m)

Cash From Operating Activities

32.4m373.0m749.0m

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

15.6m111.0m187.0m

Income Taxes Paid

15.9m66.0m117.0m

Half Year

GBPH1, 2018H1, 2019H1, 2020

Net Income

(276.0m)(165.0m)(568.0m)

Depreciation and Amortization

75.0m246.0m252.0m

Accounts Receivable

(42.0m)164.0m510.0m

Inventories

(22.0m)(92.0m)78.0m

Accounts Payable

(26.0m)(140.0m)(337.0m)

Cash From Operating Activities

6.0m257.0m302.0m

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

32.0m79.0m66.0m

Income Taxes Paid

22.0m79.0m8.0m

Melrose Ratios

GBPFY, 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)

Melrose Operating Metrics

FY, 2017FY, 2018FY, 2019

Manufacturing Facilities

54

Countries (Aerospace)

1515

Countries (Automotive)

2121

Technology Centers (Aerospace)

44

Technology Centers (Automotive)

55

Manufacturing Facilities (Air Management)

4