Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Interwood-Xylemporia A.T.E.N.E.
Physical assets are 60.3% of total assets, a heavy footprint. Capex is 1.02x depreciation and free cash flow yield is negative, so the physical base is expanding and consuming cash. ROIC is 16.0%, above an 8% cost-of-capital hurdle.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 3.12x.
Physical asset ratio
60.3%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
3.12x
Revenue per dollar of the physical asset base.
Capex / D&A
1.02x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
€0.22
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
1.04x
Price €0.23.
Fixed-charge coverage
—
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-18.1%
Latest free cash flow divided by current market cap (€14.92M).
ROIC
16.0%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.32x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2016 | 49.4% | 1.88x | 0.51x | — | 0.13x | -€2.13M | 5.9% | 0.11x |
| 2017 | 47.8% | 1.92x | 0.49x | — | 0.11x | -€1.27M | — | 0.10x |
| 2018 | 52.0% | 2.18x | 1.79x | — | 0.06x | -€996.74K | — | 0.10x |
| 2019 | 51.4% | 2.18x | 0.54x | — | 0.11x | €168.38K | 6.7% | 0.11x |
| 2020 | 60.6% | 1.98x | 0.41x | €0.07 | -0.37x | €2.33M | — | -0.41x |
| 2021 | 57.6% | 2.56x | 1.23x | €0.16 | 0.30x | €808.22K | 21.4% | 0.30x |
| 2022 | 60.3% | 3.12x | 1.02x | €0.22 | — | -€2.71M | 16.0% | 0.32x |
- Receivables are larger than the physical asset base, so a finance or credit book may sit outside the physical ratio and inside the debt used for coverage.
- Principal due is short-term debt, the amount reported as due within a year.
- Depreciation comes from the cash-flow statement because income-statement D&A was missing.
- Free cash flow is operating cash flow minus capex because the statement did not report free cash flow.
Latest year inputs (2022)
Net PP&E: €13.16M
Inventory: €13.48M
Total assets: €44.21M
Goodwill: €0.00
Intangibles: €48.94K
Liabilities: €36.40M
Tangible book: €7.77M
Shares: 34,986,430
Revenue: €41.01M
Capex: €624.26K
D&A: €614.37K
EBITDA: €4.81M
Interest: —
Short-term debt: €16.56M
Free cash flow: -€2.71M
Operating income: €4.19M
Invested capital: €19.28M
Tax rate: 26.4%