Sports Direct (SPD.L) stock price, revenue, and financials

Sports Direct market cap is £2.3 b, and annual revenue was £3.70 b in FY 2019

£2.3 B

SPD.L Mkt cap, 31-Oct-2017

£2 B

Sports Direct Revenue H1, 2020
Sports Direct Gross profit (H1, 2020)894.9 M
Sports Direct Gross profit margin (H1, 2020), %43.8%
Sports Direct Net income (H1, 2020)150.1 M
Sports Direct EBIT (H1, 2020)208.5 M
Sports Direct Cash, 27-Oct-2019326 M
Sports Direct EV2.5 B

Sports Direct Revenue

Sports Direct revenue was £3.70 b in FY, 2019 which is a 10.2% year over year increase from the previous period.

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Sports Direct Revenue Breakdown

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Sports Direct revenue breakdown by business segment: 8.9% from House of Fraser Retail, 16.2% from European Sports Retail , 5.8% from Rest of World Retail, 5.5% from Premium Lifestyle , 59.1% from UK Sports Retail and 4.4% from Other

Sports Direct revenue breakdown by geographic segment: 74.7% from UK and 25.3% from Non-UK

Sports Direct Income Statement

Annual

GBPFY, 2017FY, 2018FY, 2019

Revenue

3.2b3.4b3.7b

Revenue growth, %

12%4%10%

Cost of goods sold

1.9b2.0b2.1b

Gross profit

1.3b1.3b1.6b

Gross profit Margin, %

41%40%43%

General and administrative expense

1.3b1.2b1.4b

Operating expense total

1.3b1.2b1.4b

EBIT

160.1m217.0m160.5m

EBIT margin, %

5%6%4%

Interest expense

9.4m40.9m19.4m

Interest income

18.8m3.4m40.0m

Investment income

162.5m25.7m15.0m

Pre tax profit

281.6m77.5m179.2m

Income tax expense

49.9m49.9m63.2m

Net Income

231.7m27.6m116.0m

EPS

0.40.00.2

Half Year

GBPH1, 2018H1, 2019H1, 2020

Revenue

1.7b1.8b2.0b

Cost of goods sold

1.1b1.0b1.1b

Gross profit

661.0m743.4m894.9m

Gross profit Margin, %

39%41%44%

General and administrative expense

556.0m658.3m789.9m

Operating expense total

556.0m658.3m789.9m

EBIT

127.4m95.4m208.5m

EBIT margin, %

7%5%10%

Interest expense

40.9m19.3m13.5m

Interest income

300.0k700.0k1.0m

Investment income

200.0k3.0m7.2m

Pre tax profit

45.8m74.4m193.4m

Income tax expense

17.1m26.7m43.3m

Net Income

28.7m47.7m150.1m

Sports Direct Balance Sheet

Annual

GBPFY, 2017FY, 2018FY, 2019

Cash

204.7m360.0m448.0m

Accounts Receivable

39.3m35.0m53.1m

Prepaid Expenses

32.1m51.1m59.3m

Inventories

629.2m873.4m978.4m

Current Assets

1.3b1.5b2.0b

PP&E

842.0m878.4m823.2m

Total Assets

2.4b2.8b3.1b

Accounts Payable

133.3m228.6m235.4m

Short-term debt

69.5m

Current Liabilities

740.9m709.1m598.5m

Long-term debt

317.3m757.1m826.5m

Non-Current Liabilities

469.6m926.3m1.3b

Total Debt

386.8m757.1m826.5m

Total Liabilities

1.2b1.6b1.9b

Common Stock

64.1m64.1m64.1m

Additional Paid-in Capital

874.3m874.3m874.3m

Retained Earnings

1.6b1.6b1.5b

Total Equity

1.2b1.2b1.3b

Debt to Equity Ratio

0.3 x0.6 x0.7 x

Debt to Assets Ratio

0.2 x0.3 x0.3 x

Financial Leverage

2 x2.3 x2.5 x

Half Year

GBPH1, 2018H1, 2019H1, 2020

Cash

121.4m181.5m326.0m

Inventories

795.7m1.0b1.2b

Current Assets

1.4b1.7b2.1b

PP&E

871.2m908.8m872.4m

Total Assets

2.7b3.0b3.3b

Short-term debt

585.7m

Current Liabilities

1.3b768.3m803.7m

Long-term debt

7.4m687.0m580.4m

Non-Current Liabilities

149.8m909.2m1.1b

Total Debt

593.1m687.0m580.4m

Total Liabilities

1.4b1.7b1.9b

Common Stock

64.1m64.1m64.1m

Additional Paid-in Capital

874.3m874.3m874.3m

Retained Earnings

1.6b1.6b1.7b

Total Equity

1.3b1.3b1.4b

Debt to Equity Ratio

0.5 x0.5 x0.4 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x

Financial Leverage

2.1 x2.3 x2.4 x

Sports Direct Cash Flow

Annual

GBPFY, 2017FY, 2018FY, 2019

Net Income

231.7m27.6m116.0m

Depreciation and Amortization

147.9m139.4m125.4m

Accounts Receivable

(118.0m)49.8m(139.3m)

Inventories

60.0m(119.6m)(14.5m)

Accounts Payable

74.6m69.4m(76.5m)

Cash From Operating Activities

193.9m326.2m273.4m

Purchases of PP&E

(413.5m)(204.2m)(158.5m)

Cash From Investing Activities

(163.7m)(364.7m)(237.5m)

Long-term Borrowings

(344.1m)(343.0m)(395.0m)

Cash From Financing Activities

(128.7m)259.2m49.1m

Net Change in Cash

(98.5m)220.7m84.9m

Interest Paid

(2.8m)(14.0m)(13.0m)

Income Taxes Paid

(75.3m)(45.1m)(40.0m)

Half Year

GBPH1, 2018H1, 2019H1, 2020

Net Income

28.7m47.7m65.4m

Depreciation and Amortization

64.0m71.5m70.1m

Accounts Receivable

(45.2m)(146.2m)79.9m

Inventories

(90.8m)(93.0m)(161.3m)

Accounts Payable

(8.1m)159.0m69.0m

Cash From Operating Activities

48.6m69.0m162.3m

Purchases of PP&E

(99.9m)(98.2m)(134.6m)

Cash From Investing Activities

(200.1m)(178.8m)9.6m

Long-term Borrowings

(310.0m)(264.9m)(310.0m)

Cash From Financing Activities

129.5m(79.2m)(294.9m)

Net Change in Cash

(22.0m)(189.0m)(123.0m)

Interest Paid

(4.5m)(9.1m)(10.3m)

Income Taxes Paid

(20.3m)(17.7m)(50.6m)

Sports Direct Ratios

GBPY, 2019

EV/EBIT

12.2 x

EV/CFO

15.6 x

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2.4 x

Sports Direct Operating Metrics

Sports Direct's Stores was reported to be 968 in FY, 2019.
FY, 2017H1, 2018FY, 2018H1, 2019FY, 2019H1, 2020

Stores

757 826 968

Stores (Europe)

289 287 253 252 251 523

Stores (Premium Lifestyle)

73 30 34 80 41 94

Stores (UK)

468 507 494 486 540 879