By Helgi Analytics - 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...
By Helgi Analytics - 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...
By Helgi Analytics - 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, com...
| Profit Statement | 2019 | 2020 | 2021 | |
| Sales | USD mil | 169 | 214 | 248 |
| Gross Profit | USD mil | 105 | 116 | 126 |
| EBITDA | USD mil | 40.2 | 42.9 | 34.3 |
| EBIT | USD mil | -7.94 | -9.54 | -16.2 |
| Financing Cost | USD mil | ... | ... | 23.3 |
| Pre-Tax Profit | USD mil | -36.4 | -40.5 | -34.1 |
| Net Profit | USD mil | -23.4 | -35.2 | -24.5 |
| Dividends | USD mil | 0 | 0 | 0 |
| Balance Sheet | 2019 | 2020 | 2021 | |
| Total Assets | USD mil | ... | 700 | 760 |
| Non-Current Assets | USD mil | ... | 638 | 598 |
| Current Assets | USD mil | ... | 62.3 | 161 |
| Working Capital | USD mil | ... | 6.07 | 29.9 |
| Shareholders' Equity | USD mil | ... | 20.2 | 272 |
| Liabilities | USD mil | ... | 680 | 487 |
| Total Debt | USD mil | ... | 319 | 403 |
| Net Debt | USD mil | ... | -1.94 | 317 |
| Ratios | 2019 | 2020 | 2021 | |
| ROE | % | ... | -174 | -16.7 |
| 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 |
| Net Debt/EBITDA | ... | -0.045 | 9.25 | |
| Net Debt/Equity | % | ... | -9.58 | 116 |
| Cost of Financing | % | ... | ... | 6.44 |
| Valuation | 2019 | 2020 | 2021 | |
| 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 | |
| EV/Sales | ... | 2.40 | 2.42 | |
| Price/Earnings (P/E) | ... | -14.6 | -11.6 | |
| Price/Book Value (P/BV) | ... | 25.5 | 1.04 | |
| Dividend Yield | % | ... | 0 | 0 |
Get all company financials in excel:
| overview | Unit | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| income statement | ||||||||||
| Sales | USD mil | 169 | 214 | |||||||
| Gross Profit | USD mil | 105 | 116 | |||||||
| EBIT | USD mil | -7.94 | -9.54 | |||||||
| Net Profit | USD mil | -23.4 | -35.2 | |||||||
| ROE | % | ... | -174 | |||||||
| EBIT Margin | % | -4.70 | -4.46 | |||||||
| Net Margin | % | -13.9 | -16.5 | |||||||
| balance sheet | ||||||||||
| Total Assets | USD mil | ... | 700 | |||||||
| Non-Current Assets | USD mil | ... | 638 | |||||||
| Current Assets | USD mil | ... | 62.3 | |||||||
| Shareholders' Equity | USD mil | ... | 20.2 | |||||||
| Liabilities | USD mil | ... | 680 | |||||||
| Non-Current Liabilities | USD mil | ... | 628 | |||||||
| Current Liabilities | USD mil | ... | 52.2 | |||||||
| Net Debt/EBITDA | ... | -0.045 | ||||||||
| Net Debt/Equity | % | ... | -9.58 | |||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | |
| cash flow | ||||||||||
| Total Cash From Operations | USD mil | 14.3 | 26.5 | |||||||
| Total Cash From Investing | USD mil | -50.4 | -11.6 | |||||||
| Total Cash From Financing | USD mil | 37.0 | -12.7 | |||||||
| Net Change In Cash | USD mil | 0.881 | 2.15 | |||||||
| valuation | ||||||||||
| Market Capitalisation | USD mil | ... | 516 | |||||||
| Enterprise Value (EV) | USD mil | ... | 514 | |||||||
| Number Of Shares | mil | 71.8 | 71.8 | |||||||
| Share Price | USD | ... | 7.18 | |||||||
| Price/Earnings (P/E) | ... | -14.6 | ||||||||
| Price/Cash Earnings (P/CE) | ... | 29.8 | ||||||||
| EV/EBITDA | ... | 12.0 | ||||||||
| Price/Book Value (P/BV) | ... | 25.5 | ||||||||
| Dividend Yield | % | ... | 0 |
| income statement | Unit | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| income statement | ||||||||||
| Sales | USD mil | 169 | 214 | |||||||
| Cost of Goods & Services | USD mil | 63.7 | 97.9 | |||||||
| Gross Profit | USD mil | 105 | 116 | |||||||
| Selling, General & Admin | USD mil | 65.3 | 72.9 | ... | ... | ... | ... | ... | ... | |
| Other Operating Expense | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | |
| Other Operating Cost (Income) | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | |
| EBITDA | USD mil | 40.2 | 42.9 | |||||||
| Depreciation | USD mil | 48.1 | 52.5 | |||||||
| EBIT | USD mil | -7.94 | -9.54 | |||||||
| Net Financing Cost | USD mil | 28.4 | 31.0 | |||||||
| Financing Cost | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | |
| Financing Income | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | |
| FX (Gain) Loss | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | |
| Extraordinary Cost | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | |
| Pre-Tax Profit | USD mil | -36.4 | -40.5 | |||||||
| Tax | USD mil | -12.9 | -5.32 | |||||||
| Minorities | USD mil | 0 | 0 | |||||||
| Net Profit | USD mil | -23.4 | -35.2 | |||||||
| Net Profit Avail. to Common | USD mil | -23.4 | -35.2 | |||||||
| Dividends | USD mil | 0 | 0 | |||||||
| growth rates | ||||||||||
| Total Revenue Growth | % | ... | 26.4 | |||||||
| EBITDA Growth | % | ... | 6.86 | |||||||
| EBIT Growth | % | ... | 20.1 | |||||||
| Pre-Tax Profit Growth | % | ... | 11.4 | |||||||
| Net Profit Growth | % | ... | 50.2 | |||||||
| ratios | ||||||||||
| ROE | % | ... | -174 | |||||||
| ROA | % | ... | -5.03 | |||||||
| ROCE | % | ... | ... | |||||||
| Gross Margin | % | 62.4 | 54.2 | |||||||
| EBITDA Margin | % | 23.8 | 20.1 | |||||||
| EBIT Margin | % | -4.70 | -4.46 | |||||||
| Net Margin | % | -13.9 | -16.5 | |||||||
| Payout Ratio | % | 0 | 0 | |||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | |
| Net Debt/EBITDA | ... | -0.045 |
| balance sheet | Unit | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| balance sheet | ||||||||||
| Cash & Cash Equivalents | USD mil | ... | 10.3 | |||||||
| Receivables | USD mil | ... | 40.7 | |||||||
| Inventories | USD mil | ... | 5.84 | |||||||
| Other ST Assets | USD mil | ... | 0.726 | |||||||
| Current Assets | USD mil | ... | 62.3 | |||||||
| Property, Plant & Equipment | USD mil | ... | 13.7 | |||||||
| LT Investments & Receivables | USD mil | ... | 0 | |||||||
| Intangible Assets | USD mil | ... | 623 | |||||||
| Goodwill | USD mil | ... | 0 | |||||||
| Non-Current Assets | USD mil | ... | 638 | |||||||
| Total Assets | USD mil | ... | 700 | |||||||
| Trade Payables | USD mil | ... | 40.4 | |||||||
| Short-Term Debt | USD mil | ... | 4.02 | |||||||
| Other ST Liabilities | USD mil | ... | 7.77 | |||||||
| Current Liabilities | USD mil | ... | 52.2 | |||||||
| Long-Term Debt | USD mil | ... | 315 | |||||||
| Other LT Liabilities | USD mil | ... | 313 | |||||||
| Non-Current Liabilities | USD mil | ... | 628 | |||||||
| Liabilities | USD mil | ... | 680 | |||||||
| Preferred Equity and Hybrid Capital | USD mil | ... | 0 | |||||||
| Share Capital | USD mil | ... | 252 | |||||||
| Treasury Stock | USD mil | ... | 0 | |||||||
| Equity Before Minority Interest | USD mil | ... | 20.2 | |||||||
| Minority Interest | USD mil | ... | 0 | |||||||
| Equity | USD mil | ... | 20.2 | |||||||
| growth rates | ||||||||||
| Total Asset Growth | % | ... | ... | |||||||
| Shareholders' Equity Growth | % | ... | ... | |||||||
| Net Debt Growth | % | ... | ... | |||||||
| Total Debt Growth | % | ... | ... | |||||||
| ratios | ||||||||||
| Total Debt | USD mil | ... | 319 | |||||||
| Net Debt | USD mil | ... | -1.94 | |||||||
| Working Capital | USD mil | ... | 6.07 | |||||||
| Capital Employed | USD mil | ... | 644 | |||||||
| Net Debt/Equity | % | ... | -9.58 | |||||||
| Current Ratio | ... | 1.19 | ||||||||
| Quick Ratio | ... | 0.976 |
| cash flow | Unit | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| cash flow | ||||||||||
| Net Profit | USD mil | -23.4 | -35.2 | |||||||
| Depreciation | USD mil | 48.1 | 52.5 | |||||||
| Non-Cash Items | USD mil | ... | ... | |||||||
| Change in Working Capital | USD mil | ... | ... | |||||||
| Total Cash From Operations | USD mil | 14.3 | 26.5 | |||||||
| Capital Expenditures | USD mil | -50.4 | -11.6 | |||||||
| Net Change in LT Investment | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | |
| Net Cash From Acquisitions | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | |
| Other Investing Activities | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | |
| Total Cash From Investing | USD mil | -50.4 | -11.6 | |||||||
| Dividends Paid | USD mil | 0 | 0 | |||||||
| Issuance Of Shares | USD mil | -0.080 | -0.200 | |||||||
| Issuance Of Debt | USD mil | 39.2 | -12.5 | |||||||
| Other Financing Activities | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | |
| Total Cash From Financing | USD mil | 37.0 | -12.7 | |||||||
| Effect of FX Rates | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | |
| Net Change In Cash | USD mil | 0.881 | 2.15 | |||||||
| ratios | ||||||||||
| Days Sales Outstanding | days | ... | 69.4 | |||||||
| Days Sales Of Inventory | days | ... | 21.8 | |||||||
| Days Payable Outstanding | days | ... | 151 | |||||||
| Cash Conversion Cycle | days | ... | -59.5 | |||||||
| Cash Earnings | USD mil | 24.7 | 17.3 | |||||||
| Free Cash Flow | USD mil | -36.1 | 14.9 | |||||||
| Capital Expenditures (As % of Sales) | % | 29.8 | 5.43 |
| other ratios | Unit | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| Operating Cost (As % of Sales) | % | ... | ... | ... | ... | ... | ... | ... | ... | |
| Effective Tax Rate | % | 35.6 | 13.1 | |||||||
| Total Revenue Growth (5-year average) | % | ... | ... | ... | ... | ... |
| valuation | Unit | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| Market Capitalisation | USD mil | ... | 516 | |||||||
| Enterprise Value (EV) | USD mil | ... | 514 | |||||||
| Number Of Shares | mil | 71.8 | 71.8 | |||||||
| Share Price | USD | ... | 7.18 | |||||||
| EV/EBITDA | ... | 12.0 | ||||||||
| Price/Earnings (P/E) | ... | -14.6 | ||||||||
| Price/Cash Earnings (P/CE) | ... | 29.8 | ||||||||
| P/FCF | ... | 34.7 | ||||||||
| Price/Book Value (P/BV) | ... | 25.5 | ||||||||
| Dividend Yield | % | ... | 0 | |||||||
| Free Cash Flow Yield | % | ... | 2.88 | |||||||
| Earnings Per Share (EPS) | USD | -0.326 | -0.490 | |||||||
| Cash Earnings Per Share | USD | 0.344 | 0.241 | |||||||
| Free Cash Flow Per Share | USD | -0.503 | 0.207 | |||||||
| Book Value Per Share | USD | ... | 0.282 | |||||||
| Dividend Per Share | USD | 0 | 0 | |||||||
| EV/Sales | ... | 2.40 | ||||||||
| EV/EBIT | ... | -53.8 | ||||||||
| EV/Free Cash Flow | ... | 34.5 | ||||||||
| EV/Capital Employed | ... | 0.798 | ||||||||
| Earnings Per Share Growth | % | ... | 50.2 | |||||||
| Cash Earnings Per Share Growth | % | ... | -30.0 | |||||||
| Book Value Per Share Growth | % | ... | ... |
Get all company financials in excel:
By Helgi Analytics - 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 ...
By Helgi Analytics - 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 ...
By Helgi Analytics - 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% ...
By Helgi Analytics - 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...
By Helgi Analytics - 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 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.
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.
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