Balance Sheet Monash IVF Group Limited

Equities

MVF

AU000000MVF3

Healthcare Facilities & Services

Market Closed - Australian S.E. Other stock markets 04:10:18 18/07/25 pm AEST			5-day change	1st Jan Change
0.7600 ^AUD	+1.33%		+2.01%	-40.16%

16/07	Monash IVF Group Appoints Interim Chief Financial Officer	MT
16/07	Monash IVF Group appoints Andrew MacLachlan as interim CFO	RE

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Published financial data: MONASH IVF GROUP LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2024
Revenues	145M	184M	192M	214M	255M
Other Revenues, Total	-	-	-	-	265K
Total Revenues	145M	184M	192M	214M	255M
Cost of Goods Sold, Total	94.49M	117M	126M	141M	169M
Gross Profit	50.92M	66.4M	66.48M	72.83M	85.76M
Selling General & Admin Expenses, Total	12.29M	14.3M	18.41M	18.21M	20.65M
Pre-Opening Costs	-	-	-	-	-
Depreciation & Amortization - (IS)	9.11M	10.7M	12.35M	12.88M	18.58M
Amortization of Goodwill and Intangible Assets - (IS)	1.89M	2.19M	2.43M	2.46M	-
Other Operating Expenses	5.26M	5.19M	4.92M	4.28M	6.62M
Other Operating Expenses, Total	28.55M	32.38M	38.12M	37.84M	45.85M
Operating Income	22.37M	34.01M	28.37M	35M	39.92M
Interest Expense, Total	-5.72M	-2.45M	-2.15M	-3.3M	-5.37M
Interest And Investment Income	11K	1K	4K	25K	56K
Net Interest Expenses	-5.71M	-2.45M	-2.15M	-3.28M	-5.31M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	16.66M	31.56M	26.22M	31.72M	34.61M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-539K	-	-	-1.88M	-762K
Insurance Settlements	-	-	-	-	19.9M
Legal Settlements	-	-	-	-	-64.4M
Other Unusual Items	-	4.38M	-	-	-
EBT, Incl. Unusual Items	16.13M	35.94M	26.22M	29.84M	-10.66M
Income Tax Expense	4.37M	10.44M	7.72M	7.87M	-4.71M
Earnings From Continuing Operations	11.76M	25.5M	18.5M	21.97M	-5.95M
Net Income to Company	11.76M	25.5M	18.5M	21.97M	-5.95M
Minority Interest	-34K	-357K	-96K	-127K	-578K
Net Income - (IS)	11.73M	25.15M	18.41M	21.84M	-6.53M
Net Income to Common Incl Extra Items	11.73M	25.15M	18.41M	21.84M	-6.53M
Net Income to Common Excl. Extra Items	11.73M	25.15M	18.41M	21.84M	-6.53M
Per Share Items
Net EPS - Basic	0.05	0.06	0.05	0.06	-0.02
Basic EPS - Continuing Operations	0.05	0.06	0.05	0.06	-0.02
Basic Weighted Average Shares Outstanding	258M	390M	390M	390M	390M
Net EPS - Diluted	0.04	0.06	0.05	0.06	-0.02
Diluted EPS - Continuing Operations	0.04	0.06	0.05	0.06	-0.02
Diluted Weighted Average Shares Outstanding	258M	391M	392M	392M	390M
Normalized Basic EPS	0.04	0.05	0.04	0.05	0.05
Normalized Diluted EPS	0.04	0.05	0.04	0.05	0.05
Dividend Per Share	0.02	0.04	0.04	0.04	0.05
Payout Ratio	60.33	52.23	91.02	78.5	-280.73
Supplemental Items
EBITDA	25.84M	38.21M	33.12M	40.4M	46.59M
EBITA	22.37M	34.01M	28.37M	35M	39.92M
EBIT	22.37M	34.01M	28.37M	35M	39.92M
EBITDAR	25.92M	38.3M	33.19M	40.41M	-
Effective Tax Rate - (Ratio)	27.07	29.03	29.44	26.38	44.17
Total Current Taxes	3.87M	11.24M	7.78M	6.43M	10.6M
Total Deferred Taxes	661K	-894K	-305K	1.36M	-15.05M
Normalized Net Income	10.38M	19.37M	16.29M	19.7M	21.05M
Interest on Long-Term Debt	4.63M	2.45M	2.15M	3.3M	5.37M
Supplemental Operating Expense Items
Marketing Expenses	5.72M	6.39M	6.43M	6.92M	7.72M
Selling and Marketing Expenses	5.72M	6.39M	6.43M	6.92M	7.72M
General and Administrative Expenses	6.57M	7.92M	11.97M	11.29M	12.94M
Net Rental Expense, Total	77K	89K	73K	9K	-
Imputed Operating Lease Interest Expense	47.91K	33.72K	20.39K	2.68K	-
Imputed Operating Lease Depreciation	29.09K	55.28K	52.61K	6.32K	-
Stock-Based Comp., COGS (Total)	5.97K	114K	251K	318K	405K
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	5.97K	114K	251K	318K	405K

Fiscal Period: June	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	15.07M	8.76M	7.87M	8M	11.33M
Total Cash And Short Term Investments	15.07M	8.76M	7.87M	8M	11.33M
Accounts Receivable, Total	3.44M	4.2M	4.22M	5.11M	7.21M
Other Receivables	5.45M	2.38M	4.23M	5.42M	23.38M
Total Receivables	8.88M	6.58M	8.45M	10.52M	30.59M
Inventory	3.95M	4.22M	5.25M	6.43M	8.18M
Prepaid Expenses	2.76M	2.94M	4.06M	4.98M	5.68M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	30.66M	22.5M	25.64M	29.94M	55.78M
Gross Property Plant And Equipment	118M	138M	177M	194M	234M
Accumulated Depreciation	-62.02M	-71M	-82.35M	-84.59M	-96.19M
Net Property Plant And Equipment	55.62M	67.29M	95.06M	109M	138M
Long-term Investments	393K	942K	1.05M	1.58M	1.8M
Goodwill	233M	233M	233M	255M	273M
Other Intangibles, Total	29M	26.81M	25.72M	25.32M	23.97M
Deferred Tax Assets Long-Term	-	-	-	370K	15.28M
Other Long-Term Assets, Total	181K	460K	169K	166K	173K
Total Assets	349M	351M	381M	422M	508M
Liabilities
Accounts Payable, Total	3.02M	2.24M	3.34M	1.86M	3.08M
Accrued Expenses, Total	20.25M	19.73M	18.1M	22.13M	26.45M
Current Portion of Long-Term Debt	-	1.63M	-	-	-
Current Portion of Leases	2.32M	5.84M	7.13M	6.33M	7.99M
Current Income Taxes Payable	-	3.14M	457K	1.23M	1.48M
Unearned Revenue Current, Total	6.72M	7.3M	8.66M	9.24M	12.92M
Other Current Liabilities	5.55M	1.2M	483K	5.71M	66.91M
Total Current Liabilities	37.86M	41.08M	38.18M	46.5M	119M
Long-Term Debt	18.94M	-	9.76M	38.87M	59.56M
Long-Term Leases	36.31M	38.52M	60.34M	54.84M	67.82M
Pension & Other Post Retirement Benefits	1.04M	1.24M	1.43M	1.41M	1.66M
Deferred Tax Liability Non Current	1.55M	769K	731K	-	-
Other Non Current Liabilities	1.2M	628K	488K	5.2M	13.95M
Total Liabilities	96.91M	82.24M	111M	147M	262M
Common Stock, Total	507M	507M	507M	507M	507M
Retained Earnings	-120M	-103M	-102M	-97.38M	-122M
Comprehensive Income and Other	-137M	-137M	-137M	-136M	-143M
Total Common Equity	250M	267M	268M	273M	242M
Minority Interest	2.31M	2.26M	1.98M	1.87M	4.75M
Total Equity	252M	269M	270M	275M	247M
Total Liabilities And Equity	349M	351M	381M	422M	508M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	390M	390M	390M	390M	390M
ECS Total Common Shares Outstanding	390M	390M	390M	390M	390M
Book Value / Share	0.64	0.68	0.69	0.7	0.62
Tangible Book Value	-12.36M	6.7M	9.02M	-7.25M	-55.42M
Tangible Book Value Per Share	-0.03	0.02	0.02	-0.02	-0.14
Total Debt	57.57M	45.99M	77.23M	100M	135M
Net Debt	42.5M	37.23M	69.36M	92.03M	124M
Debt Equivalent Oper. Leases	616K	712K	584K	72K	-
Minority Interest, Total (Incl. Fin. Div)	2.31M	2.26M	1.98M	1.87M	4.75M
Equity Method Investments, Total	393K	942K	1.05M	1.28M	1.59M
Account Code - Inventory Valuation	5	5	-	5	5
Inventories - Raw Materials, Total	3.95M	4.22M	5.25M	6.43M	8.18M
Machinery, Total	58.17M	68.2M	78.4M	102M	109M
Full Time Employees	590	669	768	867	997
Accumulated Allowance for Doubtful Accounts (Supple)	747K	831K	846K	625K	625K

Fiscal Period: June	2020	2021	2022	2023	2024
Net Income	11.73M	25.15M	18.41M	21.84M	-6.53M
Depreciation & Amortization - CF	9.11M	10.7M	12.35M	12.88M	16.38M
Depreciation & Amortization, Total	9.11M	10.7M	12.35M	12.88M	16.38M
Amortization of Deferred Charges, Total - (CF)	1.89M	2.53M	2.49M	2.66M	2.58M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Provision for Credit Losses	287K	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	-	84K	15K	-221K	-
Other Operating Activities, Total	6.96M	2.15M	4.06M	3.35M	3.03M
Change In Accounts Receivable	-3.81M	640K	-2.7M	-2.98M	-20.57M
Change In Inventories	34K	-268K	-1.04M	-1.18M	-1.75M
Change In Accounts Payable	5.09M	-1.96M	678K	1.96M	69.28M
Change in Unearned Revenues	-	-	-	-	3.68M
Change In Income Taxes	-1.2M	3.56M	-2.72M	-328K	-14.91M
Change in Other Net Operating Assets	987K	1.47M	350K	1.15M	1.32M
Cash from Operations	31.08M	44.05M	31.89M	39.12M	52.52M
Capital Expenditure	-7.51M	-10.03M	-11.76M	-27.79M	-20.82M
Cash Acquisitions	-3.06M	-1.25M	-3.4M	-12.72M	-17.13M
Sale (Purchase) of Intangible assets	-	-	-	-	-853K
Cash from Investing	-10.56M	-11.29M	-15.16M	-40.51M	-38.8M
Long-Term Debt Issued, Total	-	-	26.5M	42M	28.5M
Total Debt Issued	-	-	26.5M	42M	28.5M
Long-Term Debt Repaid, Total	-76.92M	-25.22M	-26.76M	-22.18M	-18.01M
Total Debt Repaid	-76.92M	-25.22M	-26.76M	-22.18M	-18.01M
Issuance of Common Stock	77.53M	-	-	-	-
Common Dividends Paid	-7.07M	-13.13M	-16.75M	-17.14M	-18.32M
Common & Preferred Stock Dividends Paid	-7.07M	-13.13M	-16.75M	-17.14M	-18.32M
Other Financing Activities, Total	-3.24M	-725K	-613K	-1.17M	-2.56M
Cash from Financing	-9.7M	-39.08M	-17.63M	1.51M	-10.39M
Foreign Exchange Rate Adjustments	-23K	-	15K	9K	-
Net Change in Cash	10.79M	-6.31M	-887K	131K	3.33M
Supplemental Items
Cash Interest Paid	4.54M	725K	613K	1.17M	2.56M
Cash Income Tax Paid (Refund)	4.28M	7.27M	9.83M	9.42M	9.84M
Levered Free Cash Flow	21.08M	22.96M	13.12M	12.84M	67.44M
Unlevered Free Cash Flow	24.65M	24.15M	14.41M	14.71M	70.4M
Change In Net Working Capital	-7.17M	82K	6.6M	-4.96M	-48.14M
Net Debt Issued / Repaid	-76.92M	-25.22M	-263K	19.82M	10.49M

Fiscal Period: June	2020	2021	2022	2023	2024
Profitability
Return on Assets	4.38	6.07	4.85	5.45	5.36
Return on Total Capital	4.88	6.81	5.36	6.06	6.59
Return On Equity %	5.53	9.79	6.87	8.06	-2.28
Return on Common Equity	5.54	9.74	6.89	8.07	-2.53
Margin Analysis
Gross Profit Margin %	35.02	36.16	34.57	34.1	33.6
SG&A Margin	8.45	7.79	9.57	8.53	8.09
EBITDA Margin %	17.77	20.81	17.22	18.92	18.25
EBITA Margin %	15.38	18.52	14.75	16.38	15.64
EBIT Margin %	15.38	18.52	14.75	16.38	15.64
Income From Continuing Operations Margin %	8.09	13.89	9.62	10.28	-2.33
Net Income Margin %	8.06	13.7	9.57	10.22	-2.56
Net Avail. For Common Margin %	8.06	13.7	9.57	10.22	-2.56
Normalized Net Income Margin	7.14	10.55	8.47	9.22	8.25
Levered Free Cash Flow Margin	14.5	12.5	6.82	6.01	26.42
Unlevered Free Cash Flow Margin	16.95	13.15	7.49	6.89	27.59
Asset Turnover
Asset Turnover	0.46	0.52	0.53	0.53	0.55
Fixed Assets Turnover	4.03	2.99	2.37	2.09	2.06
Receivables Turnover (Average Receivables)	46.95	48.1	45.68	45.79	38.64
Inventory Turnover (Average Inventory)	23.83	28.71	26.57	24.09	23.2
Short Term Liquidity
Current Ratio	0.81	0.55	0.67	0.64	0.47
Quick Ratio	0.63	0.37	0.43	0.4	0.35
Operating Cash Flow to Current Liabilities	0.82	1.07	0.84	0.84	0.44
Days Sales Outstanding (Average Receivables)	7.79	7.59	7.99	7.97	9.47
Days Outstanding Inventory (Average Inventory)	15.36	12.71	13.74	15.15	15.77
Average Days Payable Outstanding	14.36	8.19	8.04	6.68	5.27
Cash Conversion Cycle (Average Days)	8.8	12.12	13.69	16.44	19.98
Long Term Solvency
Total Debt/Equity	22.84	17.1	28.62	36.37	54.88
Total Debt / Total Capital	18.59	14.6	22.25	26.67	35.43
LT Debt/Equity	21.92	14.32	25.97	34.07	51.64
Long-Term Debt / Total Capital	17.84	12.23	20.19	24.98	33.34
Total Liabilities / Total Assets	27.76	23.42	29.13	34.8	51.49
EBIT / Interest Expense	3.91	13.87	13.19	10.59	7.44
EBITDA / Interest Expense	5.51	18.24	18.93	14.49	10.49
(EBITDA - Capex) / Interest Expense	4.19	14.14	13.46	6.08	6.61
Total Debt / EBITDA	1.83	1.03	1.9	2.09	2.4
Net Debt / EBITDA	1.35	0.83	1.7	1.92	2.2
Total Debt / (EBITDA - Capex)	2.4	1.33	2.67	4.98	3.82
Net Debt / (EBITDA - Capex)	1.77	1.07	2.39	4.58	3.5
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-4.32	26.26	4.73	11.07	19.38
Gross Profit, 1 Yr. Growth %	-3.65	30.38	0.13	9.55	17.43
EBITDA, 1 Yr. Growth %	-29.12	47.9	-12.38	21.99	15.31
EBITA, 1 Yr. Growth %	-31.67	52.02	-15.55	23.36	14.06
EBIT, 1 Yr. Growth %	-31.67	52.02	-15.55	23.36	14.06
Earnings From Cont. Operations, 1 Yr. Growth %	-40.63	116.88	-27.97	18.72	-127.08
Net Income, 1 Yr. Growth %	-40.93	114.46	-27.34	18.65	-129.89
Normalized Net Income, 1 Yr. Growth %	-42.75	86.56	-14.73	20.89	6.87
Diluted EPS Before Extra, 1 Yr. Growth %	-46.43	42.23	-27.69	19.15	-130.36
Accounts Receivable, 1 Yr. Growth %	24.58	22.21	0.52	21.01	20.46
Inventory, 1 Yr. Growth %	-0.85	6.79	24.59	22.38	27.18
Net Property, Plant and Equip., 1 Yr. Growth %	236.65	20.97	41.27	15.07	26.26
Total Assets, 1 Yr. Growth %	20.34	0.61	8.66	10.79	20.52
Tangible Book Value, 1 Yr. Growth %	-85.27	-154.24	30.54	-180.35	664.31
Common Equity, 1 Yr. Growth %	44.22	6.75	0.65	1.97	-11.46
Cash From Operations, 1 Yr. Growth %	-6.09	41.75	-27.49	22.68	34.24
Capital Expenditures, 1 Yr. Growth %	14.86	33.65	18.13	136.24	-19.08
Levered Free Cash Flow, 1 Yr. Growth %	3.82	7.3	-41.53	-2.13	423.25
Unlevered Free Cash Flow, 1 Yr. Growth %	8.68	-2.06	-39.01	2.08	377.06
Dividend Per Share, 1 Yr. Growth %	-65	100	4.76	0	13.64
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.75	9.91	14.99	7.86	15.21
Gross Profit, 2 Yr. CAGR %	-7.83	12.08	14.26	4.73	13.58
EBITDA, 2 Yr. CAGR %	-16.49	2.39	13.21	3.39	18.61
EBITA, 2 Yr. CAGR %	-17.86	1.92	12.61	2.07	18.62
EBIT, 2 Yr. CAGR %	-17.86	1.92	12.61	2.07	18.62
Earnings From Cont. Operations, 2 Yr. CAGR %	-25.49	13.48	25.43	-7.53	-43.3
Net Income, 2 Yr. CAGR %	-25.9	12.55	25.29	-7.15	-40.45
Normalized Net Income, 2 Yr. CAGR %	-25.44	3.35	25.28	1.53	13.67
Diluted EPS Before Extra, 2 Yr. CAGR %	-29.57	-12.71	2.2	-7.18	-39.86
Accounts Receivable, 2 Yr. CAGR %	3.38	23.39	10.84	10.29	30.7
Inventory, 2 Yr. CAGR %	1.22	2.9	15.35	23.48	24.76
Net Property, Plant and Equip., 2 Yr. CAGR %	81.24	101.8	30.73	27.5	20.53
Total Assets, 2 Yr. CAGR %	9.59	10.04	4.45	9.72	15.55
Tangible Book Value, 2 Yr. CAGR %	-62.85	-71.74	-14.54	2.42	147.82
Common Equity, 2 Yr. CAGR %	22.45	24.08	3.56	1.31	-4.98
Cash From Operations, 2 Yr. CAGR %	9.48	15.38	1.29	-5.68	28.33
Capital Expenditures, 2 Yr. CAGR %	6.98	23.9	25.18	67.05	33.04
Levered Free Cash Flow, 2 Yr. CAGR %	29.5	6.33	-21.69	-24.35	126.73
Unlevered Free Cash Flow, 2 Yr. CAGR %	29.42	3.17	-23.55	-21.1	121.04
Dividend Per Share, 2 Yr. CAGR %	-40.84	-16.33	44.75	2.35	6.6
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.14	6.82	8.16	13.67	11.6
Gross Profit, 3 Yr. CAGR %	-9.38	3.47	7.95	12.67	8.91
EBITDA, 3 Yr. CAGR %	-18.78	1.04	-3.15	16.07	7.22
EBITA, 3 Yr. CAGR %	-20.55	0.85	-4.67	16.08	5.92
EBIT, 3 Yr. CAGR %	-20.55	0.85	-4.67	16.08	5.92
Earnings From Cont. Operations, 3 Yr. CAGR %	-26.5	6.39	-2.25	23.15	-38.59
Net Income, 3 Yr. CAGR %	-26.57	5.6	-2.49	23.03	-36.37
Normalized Net Income, 3 Yr. CAGR %	-26.1	1.22	-3.5	23.8	3.28
Diluted EPS Before Extra, 3 Yr. CAGR %	-28.86	-10.98	-17.6	7.56	-36.05
Accounts Receivable, 3 Yr. CAGR %	-2.2	9.31	15.24	14.13	19.75
Inventory, 3 Yr. CAGR %	5.09	3.05	9.67	17.65	24.7
Net Property, Plant and Equip., 3 Yr. CAGR %	49.19	58.39	79.19	25.28	27.08
Total Assets, 3 Yr. CAGR %	6.71	6.51	9.5	6.52	13.21
Tangible Book Value, 3 Yr. CAGR %	-48.63	-57.85	-52.44	-16.28	100.14
Common Equity, 3 Yr. CAGR %	15.17	16.98	15.65	3.03	-3.14
Cash From Operations, 3 Yr. CAGR %	6.25	19.32	-1.23	7.97	6.09
Capital Expenditures, 3 Yr. CAGR %	4.37	15.22	21.64	54.69	27.87
Levered Free Cash Flow, 3 Yr. CAGR %	24.98	22.23	-13.55	-15.65	44.32
Unlevered Free Cash Flow, 3 Yr. CAGR %	24.2	17.94	-14.04	-15.82	43.9
Dividend Per Share, 3 Yr. CAGR %	-37.97	-11.21	-9.82	27.96	5.98
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.08	3.24	4.38	7.23	10.92
Gross Profit, 5 Yr. CAGR %	-0.64	-0.88	-0.57	3.97	10.17
EBITDA, 5 Yr. CAGR %	-8.8	-4.88	-7.24	1.75	5.03
EBITA, 5 Yr. CAGR %	-10	-5.6	-8.66	1.09	4.04
EBIT, 5 Yr. CAGR %	-10	-5.6	-8.66	1.09	4.04
Earnings From Cont. Operations, 5 Yr. CAGR %	-11.26	-2.38	-8.98	0.73	-21.38
Net Income, 5 Yr. CAGR %	-11.31	-2.66	-9.08	0.45	-19.95
Normalized Net Income, 5 Yr. CAGR %	-12.92	-5.26	-8.73	1.07	3.03
Diluted EPS Before Extra, 5 Yr. CAGR %	-13.33	-12.1	-17.77	-9.2	-27.35
Accounts Receivable, 5 Yr. CAGR %	7.5	5.2	2.82	9.7	21.19
Inventory, 5 Yr. CAGR %	-	-	9.08	10.78	15.47
Net Property, Plant and Equip., 5 Yr. CAGR %	30.91	34.58	41.51	45.22	52.91
Total Assets, 5 Yr. CAGR %	4.28	4.08	5.8	7.74	11.88
Tangible Book Value, 5 Yr. CAGR %	-35.04	-41.65	-37.03	-39.51	-7.96
Common Equity, 5 Yr. CAGR %	11.64	11.48	10.38	10.4	6.91
Cash From Operations, 5 Yr. CAGR %	-2.9	-0.05	4.24	8.57	9.68
Capital Expenditures, 5 Yr. CAGR %	6.32	4.11	12.24	33.48	26.08
Levered Free Cash Flow, 5 Yr. CAGR %	-3.08	-0.9	3.97	0.42	27.13
Unlevered Free Cash Flow, 5 Yr. CAGR %	-2.09	-1.97	2.29	-0.01	25.42
Dividend Per Share, 5 Yr. CAGR %	-21.29	-13.15	-12.94	-6.01	-3.58