Combined Motor Holdings Limited (JSE: CMH)

Combined Motor Holdings Income Statement

Financials in millions ZAR. Fiscal year is March - February.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb 29, 2024	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020
Operating Revenue	12,823	12,823	12,415	11,168	8,580	11,156
Other Revenue	16.15	16.15	19.58	-	-	-
Revenue	12,840	12,840	12,434	11,168	8,580	11,156
Revenue Growth (YoY)	3.26%	3.26%	11.34%	30.17%	-23.10%	0.01%
Cost of Revenue	10,314	10,314	10,037	9,098	7,088	9,291
Gross Profit	2,526	2,526	2,397	2,070	1,492	1,865
Selling, General & Admin	1,619	1,619	1,478	1,332	1,032	1,317
Other Operating Expenses	-23.87	-23.87	-21.03	-16.58	-16.55	-19.81
Operating Expenses	1,755	1,755	1,610	1,464	1,150	1,448
Operating Income	771.31	771.31	787.05	605.76	341.62	417.2
Interest Expense	-280.01	-280.01	-192.76	-124.11	-136.66	-193.24
Interest & Investment Income	55.81	55.81	39.79	28.31	25.94	38.74
Currency Exchange Gain (Loss)	1.52	1.52	-0.4	-	-	-
EBT Excluding Unusual Items	548.62	548.62	633.67	509.97	230.89	262.7
Impairment of Goodwill	-	-	-17.67	-	-6.25	-
Gain (Loss) on Sale of Assets	0.04	0.04	-0.63	0.22	2.74	-0.08
Other Unusual Items	-	-	-	0.17	6.94	0.16
Pretax Income	556.96	556.96	620.44	510.35	234.32	262.78
Income Tax Expense	148.47	148.47	176.98	135.47	65.56	72.41
Earnings From Continuing Operations	408.48	408.48	443.46	374.89	168.76	190.38
Net Income to Company	408.48	408.48	443.46	374.89	168.76	190.38
Minority Interest in Earnings	-	-	-	-	-	0.14
Net Income	408.48	408.48	443.46	374.89	168.76	190.52
Net Income to Common	408.48	408.48	443.46	374.89	168.76	190.52
Net Income Growth	-7.89%	-7.89%	18.29%	122.14%	-11.42%	-10.71%
Shares Outstanding (Basic)	75	75	75	75	75	75
Shares Outstanding (Diluted)	76	76	77	77	75	75
Shares Change (YoY)	-1.20%	-1.20%	0.34%	2.79%	-	-0.85%
EPS (Basic)	5.46	5.46	5.93	5.01	2.26	2.55
EPS (Diluted)	5.36	5.36	5.75	4.88	2.26	2.55
EPS Growth	-6.77%	-6.77%	17.88%	116.13%	-11.42%	-9.94%
Free Cash Flow	670.96	670.96	475.13	361.82	353.2	411.19
Free Cash Flow Per Share	8.80	8.80	6.16	4.71	4.72	5.50
Dividend Per Share	3.660	3.660	4.080	3.350	2.250	0.610
Dividend Growth	-10.29%	-10.29%	21.79%	48.89%	268.85%	-65.34%
Gross Margin	19.67%	19.67%	19.28%	18.54%	17.39%	16.72%
Operating Margin	6.01%	6.01%	6.33%	5.42%	3.98%	3.74%
Profit Margin	3.18%	3.18%	3.57%	3.36%	1.97%	1.71%
Free Cash Flow Margin	5.23%	5.23%	3.82%	3.24%	4.12%	3.69%
EBITDA	950.44	950.44	1,013	731.37	431.69	569.79
EBITDA Margin	7.40%	7.40%	8.15%	6.55%	5.03%	5.11%
D&A For EBITDA	179.14	179.14	225.89	125.61	90.07	152.59
EBIT	771.31	771.31	787.05	605.76	341.62	417.2
EBIT Margin	6.01%	6.01%	6.33%	5.42%	3.98%	3.74%
Effective Tax Rate	26.66%	26.66%	28.52%	26.54%	27.98%	27.55%
Advertising Expenses	56.4	56.4	53.19	36.7	29.06	50.42

Source: S&P Capital IQ. Standard template. Financial Sources.