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KORE's net profit rose 30.5% yoy to USD -24.5 mil in 2021

By Helgi Library - August 29, 2022

KORE made a net profit of USD -24.5 mil with revenues of USD 248 mil in 2021, up by 30.5% and up by 16.1%, respecti...

KORE's net profit rose 30.5% yoy to USD -24.5 mil in 2021

By Helgi Library - August 29, 2022

KORE made a net profit of USD -24.5 mil with revenues of USD 248 mil in 2021, up by 30.5% and up by 16.1%, respecti...

KORE's price/earnings (P/E) rose 21.1% yoy to -11.6 in 2021

By Helgi Library - August 29, 2022

KORE stock traded at USD 6.74 per share at the end 2021 translating into a market capitalization of USD 283 mil. Since the end of...

Profit Statement 2025 2026 2027
Sales USD mil 337 364 390
Gross Profit USD mil 186 203 219
EBITDA USD mil 85.5 94.5 104
EBIT USD mil 26.9 51.5 65.5
Financing Cost USD mil ... ... ...
Pre-Tax Profit USD mil -0.742 24.6 39.4
Net Profit USD mil -0.556 18.4 29.5
Dividends USD mil 0 0 0
Balance Sheet 2025 2026 2027
Total Assets USD mil 814 829 845
Non-Current Assets USD mil 674 694 715
Current Assets USD mil 140 135 130
Working Capital USD mil 37.9 40.2 42.6
Shareholders' Equity USD mil 163 181 210
Liabilities USD mil 651 648 635
Total Debt USD mil 343 328 313
Net Debt USD mil 297 292 287
Ratios 2025 2026 2027
ROE % -0.341 10.7 15.1
ROCE % -0.079 2.55 3.96
Gross Margin % 55.2 55.7 56.1
EBITDA Margin % 25.4 26.0 26.7
EBIT Margin % 7.98 14.1 16.8
Net Margin % -0.165 5.05 7.56
Net Debt/EBITDA 3.48 3.09 2.76
Net Debt/Equity % 183 161 136
Cost of Financing % ... ... ...
Valuation 2025 2026 2027
Market Capitalisation USD mil 231 231 231
Enterprise Value (EV) USD mil 528 523 518
Number Of Shares mil 76.2 76.2 76.2
Share Price USD 3.03 3.03 3.03
EV/EBITDA 6.18 5.54 4.98
EV/Sales 1.57 1.44 1.33
Price/Earnings (P/E) -415 12.6 7.83
Price/Book Value (P/BV) 1.42 1.28 1.10
Dividend Yield % 0 0 0

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overview Unit 2019 2020 2021 2022 2023 2024 2025 2026 2027
income statement                  
Sales USD mil 169 214 248            
Gross Profit USD mil 105 116 126            
EBIT USD mil -7.94 -9.54 -16.2            
Net Profit USD mil -23.4 -35.2 -24.5            
                     
ROE % ... -174 -16.7            
EBIT Margin % -4.70 -4.46 -6.51            
Net Margin % -13.9 -16.5 -9.85            
balance sheet                  
Total Assets USD mil ... 700 760            
Non-Current Assets USD mil ... 638 598            
Current Assets USD mil ... 62.3 161            
                     
Shareholders' Equity USD mil ... 20.2 272            
Liabilities USD mil ... 680 487            
Non-Current Liabilities USD mil ... 628 439            
Current Liabilities USD mil ... 52.2 48.2            
                     
Net Debt/EBITDA ... -0.045 9.25            
Net Debt/Equity % ... -9.58 116            
Cost of Financing % ... ... 6.44 ... ... ... ... ... ...
cash flow                  
Total Cash From Operations USD mil 14.3 26.5 -14.8            
Total Cash From Investing USD mil -50.4 -11.6 -13.4            
Total Cash From Financing USD mil 37.0 -12.7 104            
Net Change In Cash USD mil 0.881 2.15 75.9            
valuation                  
Market Capitalisation USD mil ... 516 283            
Enterprise Value (EV) USD mil ... 514 600            
Number Of Shares mil 71.8 71.8 41.9            
Share Price USD ... 7.18 6.74            
Price/Earnings (P/E) ... -14.6 -11.6            
Price/Cash Earnings (P/CE) ... 29.8 10.9            
EV/EBITDA ... 12.0 17.5            
Price/Book Value (P/BV) ... 25.5 1.04            
Dividend Yield % ... 0 0            
income statement Unit 2019 2020 2021 2022 2023 2024 2025 2026 2027
income statement                  
Sales USD mil 169 214 248            
Cost of Goods & Services USD mil 63.7 97.9 122            
Gross Profit USD mil 105 116 126            
Selling, General & Admin USD mil 65.3 72.9 91.7 ... ... ... ... ... ...
Other Operating Expense USD mil ... ... 0 ... ... ... ... ... ...
Other Operating Cost (Income) USD mil ... ... 0 ... ... ... ... ... ...
EBITDA USD mil 40.2 42.9 34.3            
Depreciation USD mil 48.1 52.5 50.4            
EBIT USD mil -7.94 -9.54 -16.2            
Net Financing Cost USD mil 28.4 31.0 23.3            
Financing Cost USD mil ... ... 23.3 ... ... ... ... ... ...
Financing Income USD mil ... ... 0 ... ... ... ... ... ...
FX (Gain) Loss USD mil ... ... 0.344 ... ... ... ... ... ...
Extraordinary Cost USD mil ... ... 0 ... ... ... ... ... ...
Pre-Tax Profit USD mil -36.4 -40.5 -34.1            
Tax USD mil -12.9 -5.32 -9.69            
Minorities USD mil 0 0 0            
Net Profit USD mil -23.4 -35.2 -24.5            
Net Profit Avail. to Common USD mil -23.4 -35.2 -24.5            
Dividends USD mil 0 0 0            
growth rates                  
Total Revenue Growth % ... 26.4 16.1            
EBITDA Growth % ... 6.86 -20.2            
EBIT Growth % ... 20.1 69.3            
Pre-Tax Profit Growth % ... 11.4 -15.7            
Net Profit Growth % ... 50.2 -30.5            
ratios                  
ROE % ... -174 -16.7            
ROA % ... -5.03 -3.35            
ROCE % ... ... -3.84            
Gross Margin % 62.4 54.2 50.8            
EBITDA Margin % 23.8 20.1 13.8            
EBIT Margin % -4.70 -4.46 -6.51            
Net Margin % -13.9 -16.5 -9.85            
Payout Ratio % 0 0 0            
Cost of Financing % ... ... 6.44 ... ... ... ... ... ...
Net Debt/EBITDA ... -0.045 9.25            
balance sheet Unit 2019 2020 2021 2022 2023 2024 2025 2026 2027
balance sheet                  
Cash & Cash Equivalents USD mil ... 10.3 86.0            
Receivables USD mil ... 40.7 52.3            
Inventories USD mil ... 5.84 15.5            
Other ST Assets USD mil ... 0.726 8.40            
Current Assets USD mil ... 62.3 161            
Property, Plant & Equipment USD mil ... 13.7 12.2            
LT Investments & Receivables USD mil ... 0 0            
Intangible Assets USD mil ... 623 585            
Goodwill USD mil ... 0 382            
Non-Current Assets USD mil ... 638 598            
Total Assets USD mil ... 700 760            
                     
Trade Payables USD mil ... 40.4 37.8            
Short-Term Debt USD mil ... 4.02 3.52            
Other ST Liabilities USD mil ... 7.77 6.89            
Current Liabilities USD mil ... 52.2 48.2            
Long-Term Debt USD mil ... 315 400            
Other LT Liabilities USD mil ... 313 39.6            
Non-Current Liabilities USD mil ... 628 439            
Liabilities USD mil ... 680 487            
Preferred Equity and Hybrid Capital USD mil ... 0 0            
Share Capital USD mil ... 252 414            
Treasury Stock USD mil ... 0 0            
Equity Before Minority Interest USD mil ... 20.2 272            
Minority Interest USD mil ... 0 0            
Equity USD mil ... 20.2 272            
growth rates                  
Total Asset Growth % ... ... 8.51            
Shareholders' Equity Growth % ... ... 1,246            
Net Debt Growth % ... ... -16,470            
Total Debt Growth % ... ... 26.4            
ratios                  
Total Debt USD mil ... 319 403            
Net Debt USD mil ... -1.94 317            
Working Capital USD mil ... 6.07 29.9            
Capital Employed USD mil ... 644 628            
Net Debt/Equity % ... -9.58 116            
Current Ratio ... 1.19 3.34            
Quick Ratio ... 0.976 2.87            
cash flow Unit 2019 2020 2021 2022 2023 2024 2025 2026 2027
cash flow                  
Net Profit USD mil -23.4 -35.2 -24.5            
Depreciation USD mil 48.1 52.5 50.4            
Non-Cash Items USD mil ... ... -7.39            
Change in Working Capital USD mil ... ... -33.3            
Total Cash From Operations USD mil 14.3 26.5 -14.8            
                     
Capital Expenditures USD mil -50.4 -11.6 -13.4            
Net Change in LT Investment USD mil ... ... 0 ... ... ... ... ... ...
Net Cash From Acquisitions USD mil ... ... 0 ... ... ... ... ... ...
Other Investing Activities USD mil ... ... 0 ... ... ... ... ... ...
Total Cash From Investing USD mil -50.4 -11.6 -13.4            
                     
Dividends Paid USD mil 0 0 0            
Issuance Of Shares USD mil -0.080 -0.200 -230            
Issuance Of Debt USD mil 39.2 -12.5 114            
Other Financing Activities USD mil ... ... -5.42 ... ... ... ... ... ...
Total Cash From Financing USD mil 37.0 -12.7 104            
                     
Effect of FX Rates USD mil ... ... -0.226 ... ... ... ... ... ...
Net Change In Cash USD mil 0.881 2.15 75.9            
ratios                  
Days Sales Outstanding days ... 69.4 76.8            
Days Sales Of Inventory days ... 21.8 46.2            
Days Payable Outstanding days ... 151 113            
Cash Conversion Cycle days ... -59.5 10.2            
Cash Earnings USD mil 24.7 17.3 26.0            
Free Cash Flow USD mil -36.1 14.9 -28.2            
Capital Expenditures (As % of Sales) % 29.8 5.43 5.41            
other ratios Unit 2019 2020 2021 2022 2023 2024 2025 2026 2027
                   
Operating Cost (As % of Sales) % ... ... 57.3 ... ... ... ... ... ...
Effective Tax Rate % 35.6 13.1 28.4            
Total Revenue Growth (5-year average) % ... ... ... ... ...        
valuation Unit 2019 2020 2021 2022 2023 2024 2025 2026 2027
                   
Market Capitalisation USD mil ... 516 283            
Enterprise Value (EV) USD mil ... 514 600            
Number Of Shares mil 71.8 71.8 41.9            
Share Price USD ... 7.18 6.74            
EV/EBITDA ... 12.0 17.5            
Price/Earnings (P/E) ... -14.6 -11.6            
Price/Cash Earnings (P/CE) ... 29.8 10.9            
P/FCF ... 34.7 -10.0            
Price/Book Value (P/BV) ... 25.5 1.04            
Dividend Yield % ... 0 0            
Free Cash Flow Yield % ... 2.88 -9.97            
Earnings Per Share (EPS) USD -0.326 -0.490 -0.583            
Cash Earnings Per Share USD 0.344 0.241 0.619            
Free Cash Flow Per Share USD -0.503 0.207 -0.672            
Book Value Per Share USD ... 0.282 6.49            
Dividend Per Share USD 0 0 0            
EV/Sales ... 2.40 2.42            
EV/EBIT ... -53.8 -37.1            
EV/Free Cash Flow ... 34.5 -21.3            
EV/Capital Employed ... 0.798 0.954            
Earnings Per Share Growth % ... 50.2 19.0            
Cash Earnings Per Share Growth % ... -30.0 157            
Book Value Per Share Growth % ... ... 2,205            

Get all company financials in excel:

Download Sample   $19.99

KORE's price/earnings (P/E) rose 21.1% yoy to -11.6 in 2021

By Helgi Library - August 29, 2022

KORE stock traded at USD 6.74 per share at the end 2021 translating into a market capitalization of USD 283 mil. Since the end of 2016, stock has appreciated by 0% representing an annual average growth of %. In absolute terms, the value of the company ...

KORE's ROCE remain unchanged yoy at -3.84% in 2021

By Helgi Library - August 29, 2022

KORE made a net profit of USD -24.5 mil in 2021, up 30.5% compared to the previous year. Historically, between 2019 and 2021, the company's net profit reached a high of USD -23.4 mil in 2019 and a low of USD -35.2 mil in 2020. The result implies a return ...

KORE's Net Margin rose 40.2% yoy to -9.85% in 2021

By Helgi Library - August 29, 2022

KORE made a net profit of USD -24.5 mil with revenues of USD 248 mil in 2021, up by 30.5% and up by 16.1%, respectively, compared to the previous year. This translates into a net margin of -9.85%. Historically, between 2019 and 2021, the firm’s ne...

KORE's ROCE remain unchanged yoy at -3.84% in 2021

By Helgi Library - August 29, 2022

KORE made a net profit of USD -24.5 mil in 2021, up 30.5% compared to the previous year. Historically, between 2019 and 2021, the company's net profit reached a high of USD -23.4 mil in 2019 and a low of USD -35.2 mil in 2020. The result implies a return ...

KORE's Net Margin rose 40.2% yoy to -9.85% in 2021

By Helgi Library - August 29, 2022

KORE made a net profit of USD -24.5 mil with revenues of USD 248 mil in 2021, up by 30.5% and up by 16.1%, respectively, compared to the previous year. This translates into a net margin of -9.85%. Historically, between 2019 and 2021, the firm’s ne...

KORE's Capital Expenditures fell 15.7% yoy to USD 13.4 mil in 2021

By Helgi Library - August 29, 2022

KORE invested a total of USD 13.4 mil in 2021, up 15.7% compared to the previous year. Historically, between 2019 - 2021, the company's investments stood at a high of USD 50.4 mil in 2019 and a low of USD 11.6 mil in 2020. As a percen...

KORE's Net Debt/EBITDA rose 20,620% yoy to 9.25 in 2021

By Helgi Library - August 29, 2022

KORE's net debt stood at USD 317 mil and accounted for 116% of equity at the end of 2021. The ratio is up 126 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 116% in 2021 and a low of -9.58% ...

KORE's Share Price fell 6.13% yoy to USD 6.74 in 2021

By Helgi Library - August 29, 2022

KORE stock traded at USD 6.74 per share at the end 2021 implying a market capitalization of USD 283 mil. Since the end of 2016, stock has appreciated by % implying an annual average growth of % In absolute terms, the value of the company rose by USD ...

KORE's P/FCF fell 129% yoy to -10.0 in 2021

By Helgi Library - August 29, 2022

KORE stock traded at USD 6.74 per share at the end 2021 translating into a market capitalization of USD 283 mil. Since the end of 2016, the stock has appreciated by 0% representing an annual average growth of %. At the end of 2021, the firm traded at pri...

KORE's Share Price fell 6.13% yoy to USD 6.74 in 2021

By Helgi Library - August 29, 2022

KORE stock traded at USD 6.74 per share at the end 2021 implying a market capitalization of USD 283 mil. Since the end of 2016, stock has appreciated by % implying an annual average growth of % In absolute terms, the value of the company rose by USD ...

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Finance

KORE has been growing its sales by 7.97% a year on average in the last 5 years. EBITDA has grown on average by 10.6% a year during that time to total of USD 104 mil in 2027, or 26.7% of sales. That’s compared to 25.8% average margin seen in last five years.

The company netted USD 29.5 mil in 2027 implying ROE of 15.1% and ROCE of 3.96%. Again, the average figures were 0.792% and -0.090%, respectively when looking at the previous 5 years.

KORE’s net debt amounted to USD 287 mil at the end of 2027, or 136% of equity. When compared to EBITDA, net debt was 2.76x, down when compared to average of 3.44x seen in the last 5 years.

Valuation

KORE stock traded at USD 3.03 per share at the end of 2027 resulting in a market capitalization of USD 231 mil. Over the previous five years, stock price grew by 0% or 0% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 4.98x and price to earnings (PE) of 7.83x as of 2027.