Univest Corporation of Pennsylvania Financials

$56 M

Revenue Q2, 2017

$745.5 M

Mkt cap, 22-Dec-2017
Gross profit (Q2, 2017)51.3 M
Gross profit margin (Q2, 2017), %92%
Net income (Q2, 2017)11.8 M
EBIT (Q2, 2017)35.3 M
Cash, 30-Jun-201748.8 M
EV1.1 B

Market Value

Revenue/Financials

Income Statement

Annual

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

Revenue

77.6 m124.5 m154.4 m182.6 m

Revenue growth, %

61%24%18%

Cost of goods sold

8.1 m12.4 m

Gross profit

146.3 m170.2 m

Gross profit Margin, %

95%93%

EBIT

93.4 m114.2 m

EBIT margin, %

60%63%

Pre tax profit

37 m23.4 m

Income tax expense

9.8 m3.9 m

Net Income

21.2 m22.2 m27.3 m19.5 m

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

38.9 m38.4 m39.6 m40.1 m50.8 m53.4 m56 m

Cost of goods sold

2.1 m2.2 m2.2 m2.5 m3.8 m4.1 m4.7 m

Gross profit

36.7 m36.2 m37.4 m37.7 m47 m49.3 m51.3 m

Gross profit Margin, %

95%94%94%94%92%92%92%

Sales and marketing expense

12 m12 m14.2 m14.1 m16.7 m16.7 m16.4 m

R&D expense

2.2 m2.1 m2.1 m

Operating expense total

26.8 m25.2 m26.9 m29.5 m47.1 m32 m32.5 m

EBIT

23.4 m23.4 m23.4 m23.5 m32.9 m34.3 m35.3 m

EBIT margin, %

60%61%59%59%65%64%63%

Pre tax profit

8.8 m10.3 m10.1 m7.3 m(1.5 m)14.8 m16 m

Income tax expense

2.3 m2.8 m2.8 m2 m(1.5 m)3.9 m4.2 m

Net Income

10.8 m17 m6.1 m6.5 m7.5 m7.3 m5.2 m58 k10.9 m11.8 m

Balance Sheet

Annual

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

Cash

32.6 m32 m32.4 m48.8 m

Accounts Receivable

397 m

PP&E

34.1 m37 m42.2 m63.6 m

Goodwill

57.5 m67.7 m112.7 m172.6 m

Total Assets

2.2 b2.2 b2.9 b4.2 b

Accounts Payable

3.3 b

Short-term debt

196.2 m

Long-term debt

127.5 m

Total Debt

323.7 m

Total Liabilities

3.7 b

Additional Paid-in Capital

62.4 m63 m121.3 m230.5 m

Retained Earnings

172.6 m181.9 m193.4 m194.5 m

Total Equity

280.5 m361.6 m505.2 m

Debt to Equity Ratio

0.6 x

Debt to Assets Ratio

0.1 x

Financial Leverage

7.8 x8 x8.4 x

Quarterly

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

Cash

46.5 m44.5 m48.9 m29.7 m27.3 m32.3 m32.1 m31.3 m36.4 m43.4 m44.7 m48.8 m

PP&E

33.8 m34.1 m34 m35.5 m40.2 m40.4 m41.1 m43.4 m44.4 m62.1 m64.8 m65.6 m

Goodwill

57.5 m64.3 m64.3 m67.7 m112.1 m112.5 m112.7 m112.7 m112.7 m172.1 m172.6 m172.6 m

Total Assets

2.3 b2.2 b2.2 b2.2 b2.8 b2.8 b2.9 b2.8 b3.1 b4.1 b4.3 b4.5 b

Accounts Payable

1.9 b1.8 b1.8 b1.9 b2.3 b2.3 b2.4 b2.3 b2.4 b3.2 b3.4 b3.3 b

Short-term debt

260.2 m211.4 m79.4 m231.7 m

Long-term debt

92.9 m182.1 m216.6 m

Total Debt

260.2 m304.3 m261.4 m448.3 m

Total Liabilities

2 b1.9 b1.9 b1.9 b2.4 b2.4 b2.5 b2.5 b2.7 b3.6 b3.8 b3.9 b

Additional Paid-in Capital

62.1 m61.7 m61.8 m62.6 m120.1 m120.6 m120.9 m120.9 m121.4 m229.6 m230.4 m231.3 m

Retained Earnings

170.9 m175.1 m176.9 m179.9 m184 m186.5 m190.2 m196.8 m198.2 m192.9 m200.1 m206.5 m

Total Equity

274.8 m283.3 m286.8 m356.2 m359.1 m367 m369.2 m509.2 m511.9 m521.3 m

Financial Leverage

8.2 x7.8 x7.7 x7.8 x7.9 x7.7 x8.4 x8.1 x8.3 x8.5 x

Cash Flow

Annual

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

Net Income

21.2 m22.2 m27.3 m19.5 m

Cash From Operating Activities

32.8 m31.9 m35.6 m33.3 m

Cash From Investing Activities

21.6 m(38.4 m)(186.3 m)(294.6 m)

Long-term Borrowings

(15 m)

Dividends Paid

(10 m)(13 m)(15 m)(17 m)

Cash From Financing Activities

(120.2 m)5.9 m151.1 m277.7 m

Interest Paid

6 m4.1 m8.1 m14 m

Income Taxes Paid

2.1 m8.1 m

Quarterly

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

Net Income

16.3 m5.7 m10.8 m17 m6.1 m12.6 m20.1 m7.3 m12.5 m12.6 m10.9 m22.6 m

Cash From Operating Activities

29.3 m12.7 m17.6 m22.6 m4.9 m14.6 m25.2 m6.9 m8.2 m23.9 m17.7 m32.6 m

Cash From Investing Activities

(18.5 m)5.3 m12 m(29.9 m)(58.2 m)(80.9 m)54.8 m(213.3 m)(197.9 m)(57.7 m)(233.1 m)

Long-term Borrowings

(5 m)

Dividends Paid

(6.7 m)(3.3 m)(6.5 m)(9.8 m)(3.2 m)(7.2 m)(11.1 m)(3.9 m)(7.8 m)(11.7 m)(5.3 m)(10.6 m)

Cash From Financing Activities

(62.8 m)(6.1 m)(13.3 m)4.3 m48.7 m66.6 m129.8 m(62.7 m)209.2 m185 m36 m200.5 m

Interest Paid

4.8 m1.3 m2.2 m3.1 m1.6 m3.2 m6.1 m3.1 m5 m9.6 m4.7 m9.7 m

Income Taxes Paid

49 k702 k4.3 m6.5 m157 k5.9 m

Ratios

Y, 2017

EV/EBIT

32.4 x

EV/CFO

35.1 x

Financial Leverage

8.5 x

Operating Metrics

Univest Corporation of Pennsylvania's Total Loans Issued was reported to be $3.5 b in Q2, 2017