PCM Financials

$545.5 M

Revenue Q3, 2017

$119.4 M

Mkt cap, 08-Dec-2017
Gross profit (Q3, 2017)81.3 M
Gross profit margin (Q3, 2017), %15%
Net income (Q3, 2017)(841 K)
EBIT (Q3, 2017)1.4 M
Cash, 30-Sep-20178.3 M
EV144.9 M

Financials

Market Value

Revenue/Financials

Income Statement

Annual

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

Revenue

1.4 b1.4 b1.7 b2.3 b

Revenue growth, %

(5%)23%35%

Cost of goods sold

1.2 b1.2 b1.4 b1.9 b

Gross profit

253.7 m192.1 m224.3 m318.8 m

Gross profit Margin, %

18%14%13%14%

General and administrative expense

284 m

Operating expense total

284 m

EBIT

17.3 m15.7 m(25.5 m)34.8 m

EBIT margin, %

1%1%(2%)2%

Interest expense

3.3 m3.2 m3.9 m6.1 m

Pre tax profit

14 m12.5 m(29.3 m)28.7 m

Income tax expense

6.2 m5.5 m(11.4 m)11.1 m

Net Income

8.1 m5.5 m(18.3 m)17.6 m

Quarterly

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

Revenue

348.5 m339.1 m339.6 m339.1 m296 m478.9 m404.9 m498 m581 m584.9 m524.4 m560.1 m545.5 m

Cost of goods sold

298.9 m288.4 m291 m293.6 m256.9 m416.9 m344.8 m427.7 m498 m502.3 m446.2 m474.7 m464.2 m

Gross profit

49.6 m50.6 m48.6 m45.5 m39.1 m62 m60.1 m70.3 m83 m82.7 m78.2 m85.4 m81.3 m

Gross profit Margin, %

14%15%14%13%13%13%15%14%14%14%15%15%15%

General and administrative expense

45.4 m44.8 m44.8 m44.3 m44.3 m61.1 m59.2 m68.8 m69.6 m72 m73.7 m79.7 m

Operating expense total

45.4 m44.8 m44.8 m44.3 m44.3 m61.1 m59.2 m68.8 m69.6 m72 m73.7 m79.7 m

EBIT

4.1 m5.9 m3.9 m1.2 m(5.2 m)850 k956 k1.5 m13.4 m10.7 m4.5 m5.6 m1.4 m

EBIT margin, %

1%2%1%0%(2%)0%0%0%2%2%1%1%0%

Interest expense

892 k943 k750 k688 k771 k872 k1 m1.5 m1.5 m1.6 m1.7 m2 m

Pre tax profit

3.3 m4.9 m3.1 m481 k(6 m)(22 k)(62 k)45 k11.9 m9.1 m3 m3.8 m(414 k)

Income tax expense

1.3 m2 m1.3 m327 k(2.5 m)(197 k)421 k(111 k)4.5 m3.8 m1.1 m1.3 m427 k

Net Income

1.9 m2.9 m1.1 m(140 k)(3.6 m)249 k(785 k)156 k7.4 m5.3 m4 m2.5 m(841 k)

Balance Sheet

Annual

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

Cash

10 m8.9 m11.2 m7.2 m

Inventories

117 m50.7 m55.4 m80.9 m

Current Assets

340.5 m279.1 m435.7 m472.6 m

PP&E

56.6 m74.4 m56.8 m56.4 m

Goodwill

25.5 m25.5 m80.6 m83.4 m

Total Assets

434.8 m389.2 m600.2 m633 m

Accounts Payable

131 m122.3 m201.5 m276.5 m

Short-term debt

1.2 m22.4 m21.5 m18.8 m

Current Liabilities

282.9 m215.6 m444.9 m474.7 m

Long-term debt

110.5 m52.8 m21.5 m18.8 m

Total Debt

111.7 m75.2 m42.9 m37.5 m

Total Liabilities

504.5 m

Additional Paid-in Capital

115.8 m120.9 m122.9 m127.8 m

Retained Earnings

23.5 m28.9 m10.7 m28.3 m

Total Equity

125.8 m133.3 m109.5 m128.5 m

Debt to Equity Ratio

0.9 x0.6 x0.4 x0.3 x

Debt to Assets Ratio

0.3 x0.2 x0.1 x0.1 x

Financial Leverage

3.5 x2.9 x5.5 x4.9 x

    Quarterly

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

    Cash

    9.4 m7.4 m6.7 m5.5 m7.3 m6.9 m9 m9.1 m9.2 m9.9 m7.8 m7.3 m8.3 m

    Inventories

    48.6 m71.6 m49.5 m45 m42.9 m48.9 m46.5 m56.7 m85.5 m79 m66.4 m77.4 m74.9 m

    Current Assets

    261.2 m269.3 m262.5 m272.5 m253.1 m465.9 m388.7 m432 m528.6 m499.9 m446.6 m541.7 m506 m

    PP&E

    52 m64.7 m70.1 m71.4 m86.1 m83.9 m78.2 m55.6 m54.9 m55.1 m60 m66.4 m

    Goodwill

    25.5 m25.5 m25.5 m25.5 m25.5 m66.1 m64.7 m81.3 m81.5 m81.4 m83.4 m83.6 m84.5 m

    Total Assets

    350.6 m372.1 m367.4 m379 m375.7 m635.5 m548.6 m595.6 m688.5 m658.5 m611 m710 m678.5 m

    Accounts Payable

    95.2 m83 m95.5 m112 m117.5 m294.2 m205 m233.1 m339.2 m280.9 m241.5 m355.8 m271.8 m

    Short-term debt

    36.7 m30.8 m20.3 m19.8 m27.3 m21.3 m25.1 m

    Current Liabilities

    201.5 m208.8 m199.9 m211.3 m199.9 m435.9 m362.3 m444.6 m535.3 m494.5 m447 m536.9 m506.1 m

    Long-term debt

    63.1 m90.3 m52.7 m55.5 m49.2 m36.7 m30.8 m20.3 m19.8 m27.3 m21.3 m25.1 m33.8 m

    Total Debt

    63.1 m90.3 m52.7 m55.5 m49.2 m73.4 m61.6 m40.7 m39.5 m54.7 m42.7 m50.1 m33.8 m

    Total Liabilities

    227.1 m240.4 m234.2 m246.2 m247.1 m508 m424.6 m486.4 m572.9 m536.2 m473.7 m569.4 m548.5 m

    Additional Paid-in Capital

    115 m119.3 m119.7 m120.5 m121.3 m122.1 m122.6 m123.6 m124.4 m126.1 m132.6 m133.1 m134 m

    Retained Earnings

    21.6 m26.3 m27.5 m27.3 m25.4 m25.6 m24.8 m10.8 m18.2 m23.5 m32.2 m34.8 m33.8 m

    Total Equity

    123.5 m131.8 m133.2 m132.7 m128.6 m127.5 m124.1 m109.2 m115.6 m122.4 m137.3 m140.7 m130 m

    Financial Leverage

    2.8 x2.8 x2.8 x2.9 x2.9 x5 x4.4 x5.5 x6 x5.4 x4.4 x5 x5.2 x

      Cash Flow

      Annual

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

      Net Income

      8.1 m5.5 m(18.3 m)17.6 m

      Depreciation and Amortization

      11.8 m11.9 m12.2 m15.8 m

      Accounts Receivable

      (6 m)(3.5 m)(130 m)(17.4 m)

      Inventories

      (48 m)66.3 m1.7 m(25.6 m)

      Accounts Payable

      31 m(8.6 m)54.3 m87.7 m

      Cash From Operating Activities

      922 k73.3 m(52.4 m)95.6 m

      Purchases of PP&E

      (15.5 m)(26.7 m)(21.4 m)(8.7 m)

      Cash From Investing Activities

      (15.5 m)(26.7 m)(66.2 m)(10.8 m)

      Cash From Financing Activities

      18.4 m(47.2 m)122.2 m(89.1 m)

      Interest Paid

      3.2 m3.4 m3.6 m5.4 m

      Income Taxes Paid

      3 m6.2 m(5 m)7.3 m

        Quarterly

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

        Net Income

        1.9 m2.9 m1.1 m(140 k)(3.6 m)249 k(785 k)156 k7.4 m5.3 m4 m(841 k)

        Depreciation and Amortization

        2.7 m

        Accounts Receivable

        11.6 m

        Inventories

        49.5 m45 m7.8 m48.9 m46.5 m56.7 m85.5 m79 m66.4 m74.9 m

        Accounts Payable

        95.5 m112 m(5.6 m)294.2 m205 m233.1 m339.2 m280.9 m241.5 m271.8 m

        Cash From Operating Activities

        8.5 m

        Purchases of PP&E

        (13.9 m)

        Cash From Investing Activities

        (13.9 m)

        Cash From Financing Activities

        4.2 m

        Interest Paid

        788 k

        Income Taxes Paid

        215 k

          Ratios

          USDY, 2017

          EV/EBIT

          104.6 x

          Revenue/Employee

          152.5 k

          Financial Leverage

          5.2 x

          Operating Metrics

          Jul, 2017

          Locations

          40

          Products

          300 k