Royal Boskalis Westminster (BOKA.AS) stock price, revenue, and financials

Royal Boskalis Westminster market cap is €4.3 b, and annual revenue was €2.52 b in FY 2020

€4.3 B

BOKA.AS Mkt cap, 13-May-2022

€1.3 B

Royal Boskalis Westminster Revenue H1, 2021
Royal Boskalis Westminster Gross profit (H1, 2021)208.1 M
Royal Boskalis Westminster Gross profit margin (H1, 2021), %15.7%
Royal Boskalis Westminster Net income (H1, 2021)70.1 M
Royal Boskalis Westminster EBITDA (H1, 2021)226 M
Royal Boskalis Westminster EBIT (H1, 2021)97 M
Royal Boskalis Westminster Cash, 30-Jun-2021609.9 M
Royal Boskalis Westminster EV4.2 B
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Royal Boskalis Westminster Revenue

Royal Boskalis Westminster revenue was €2.52 b in FY, 2020 which is a 4.5% year over year decrease from the previous period.

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Royal Boskalis Westminster Revenue Breakdown

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Royal Boskalis Westminster revenue breakdown by business segment: 51.5% from Dredging & Inland Infra, 41.7% from Offshore Energy and 6.8% from Towage & Salvage

Royal Boskalis Westminster revenue breakdown by geographic segment: 18.1% from Australia / Asia, 10.0% from North and South America, 23.0% from The Netherlands, 35.4% from Rest of Europe, 9.7% from Middle East and 3.9% from Other

Royal Boskalis Westminster Income Statement

Annual

EURFY, 2018FY, 2019FY, 2020

Revenue

2.6b2.6b2.5b

Revenue growth, %

9%3%(5%)

Cost of goods sold

2.3b2.4b2.2b

Gross profit

303.4m255.3m357.5m

Gross profit Margin, %

12%10%14%

Operating expense total

718.8m265.6m422.2m

Depreciation and amortization

234.6m265.1m264.5m

EBITDA

353.6m375.8m404.3m

EBITDA margin, %

14%14%16%

EBIT

(400.5m)110.7m(55.6m)

EBIT margin, %

(16%)4%(2%)

Interest expense

11.8m13.1m11.8m

Interest income

372.0k995.0k369.0k

Pre tax profit

(413.8m)95.0m(70.5m)

Income tax expense

19.9m20.1m26.2m

Net Income

(433.7m)74.9m(96.7m)

EPS

(3.3)0.6(0.7)

Half Year

USDH1, 2019H1, 2020H1, 2021

Revenue

1.3b1.3b1.3b

Cost of goods sold

1.2b1.1b1.1b

Gross profit

127.1m187.1m208.1m

Gross profit Margin, %

10%15%16%

Operating expense total

126.6m243.9m129.1m

Depreciation and amortization

126.6m131.8m129.1m

EBITDA

135.7m204.1m226.0m

EBITDA margin, %

10%16%17%

EBIT

9.1m(75.4m)97.0m

EBIT margin, %

1%(6%)7%

Pre tax profit

1.0m(83.2m)88.6m

Income tax expense

(300.0k)13.3m18.5m

Net Income

1.3m(96.5m)70.1m

EPS

0.0(0.7)0.6

Royal Boskalis Westminster Balance Sheet

Annual

EURFY, 2018FY, 2019FY, 2020

Cash

336.2m399.6m824.5m

Accounts Receivable

330.3m378.5m276.5m

Inventories

99.1m103.2m91.1m

Current Assets

1.6b1.5b1.7b

PP&E

2.4b2.4b2.4b

Goodwill

97.1m97.1m163.2m

Total Assets

4.5b4.6b4.5b

Accounts Payable

176.2m222.4m228.5m

Short-term debt

28.6m104.3m50.6m

Current Liabilities

1.5b1.6b1.7b

Long-term debt

438.5m377.8m456.4m

Non-Current Liabilities

512.1m468.1m548.9m

Total Debt

467.1m482.1m506.9m

Total Liabilities

2.0b2.1b2.2b

Common Stock

1.4m1.4m1.3m

Additional Paid-in Capital

637.0m637.0m637.0m

Retained Earnings

1.5b1.4b1.3b

Total Equity

2.5b2.5b2.3b

Debt to Equity Ratio

0.2 x0.2 x0.2 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x

Financial Leverage

1.8 x1.8 x2 x

Half Year

EURH1, 2019H1, 2020H1, 2021

Cash

291.7m712.8m609.9m

Current Assets

1.8b1.7b1.6b

PP&E

2.4b2.4b2.5b

Total Assets

4.9b4.6b4.6b

Short-term debt

443.2m251.9m44.8m

Current Liabilities

1.9b1.8b1.7b

Long-term debt

359.9m375.9m484.9m

Non-Current Liabilities

444.4m464.3m576.9m

Total Debt

803.1m627.8m529.7m

Total Liabilities

2.4b2.3b2.3b

Total Equity

2.5b2.4b2.3b

Debt to Equity Ratio

0.3 x0.3 x0.2 x

Debt to Assets Ratio

0.2 x0.1 x0.1 x

Financial Leverage

2 x2 x2 x

Royal Boskalis Westminster Cash Flow

Annual

EURFY, 2018FY, 2019FY, 2020

Net Income

(433.7m)74.9m(96.7m)

Depreciation and Amortization

716.3m265.1m422.0m

Accounts Receivable

68.5m(31.4m)178.2m

Inventories

(10.6m)(3.5m)11.4m

Accounts Payable

61.8m(31.7m)77.6m

Cash From Operating Activities

236.5m328.1m698.1m

Purchases of PP&E

(194.8m)(247.6m)(225.6m)

Cash From Investing Activities

(175.2m)(27.8m)(250.3m)

Long-term Borrowings

(287.0k)(124.1m)(481.6m)

Dividends Paid

(38.1m)(67.0m)

Cash From Financing Activities

98.9m(237.9m)(8.1m)

Net Change in Cash

151.2m64.4m439.7m

Interest Paid

11.4m12.6m12.0m

Income Taxes Paid

19.8m37.3m16.9m

Half Year

EURH1, 2019H1, 2020H1, 2021

Net Income

1.3m(96.5m)70.1m

Depreciation and Amortization

126.6m243.9m129.1m

Cash From Operating Activities

(40.6m)331.2m80.1m

Cash From Investing Activities

(158.6m)(133.9m)(196.5m)

Long-term Borrowings

(10.8m)(265.6m)(24.8m)

Dividends Paid

(6.7m)(64.8m)

Cash From Financing Activities

121.5m119.6m(93.3m)

Net Change in Cash

(77.7m)316.9m(209.7m)

Interest Paid

7.2m7.8m8.0m

Income Taxes Paid

14.3m18.3m21.1m

Royal Boskalis Westminster Ratios

EURFY, 2018

Revenue/Employee

289.4k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.8 x

Royal Boskalis Westminster Operating Metrics

FY, 2018Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021

Acquired Orders

€3.37 b€3.04 b€3.41 b

Fleet Utilization (Cutters), weeks per year

162617

Fleet Utilization (Heavy Lift Vessel), weeks per year

373435

Fleet Utilization (Hoppers), weeks per year

363235

Order Book

€4.29 b€4.36 b€4.2 b€4.72 b€4.6 b€4.66 b€4.4 b€5.31 b€5.6 b€5.53 b€5.1 b

Order Book (Dredging and Inland Infra)

€3 b€3.03 b€3.19 b€3.17 b€4.08 b€4.27 b

Order Book (Dredging and Inland Infra, Rest of Europe)

€513 m€658.4 m€619.5 m

Order Book (Dredging and Inland Infra, Rest of the World)

€1.82 b€1.96 b€2.62 b

Order Book (Dredging and Inland Infra, The Netherlands)

€670.2 m€577.2 m€833.9 m

Order Book (Offshore Energy)

€1.28 b€1.33 b€1.52 b€1.47 b€1.23 b€1.25 b

Order Book (Towage & Salvage)

€7.9 m€8.6 m€5.4 m€21.7 m€3.8 m€7.5 m

Royal Boskalis Westminster Human Capital

FY, 2020FY, 2019FY, 2018
Female, percent14%14%12%
Male, percent86%86%88%