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Xpel Inc
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Fisacal Year (End of December) (in million)200920102011201220132014201520162017201820192020202120222023
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Revenue
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Paint protection film49.48985.49597.342110.786169.879192.374229.880
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% of revenue73.54%77.78%74.92%69.71%65.52%59.38%58.01%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Window film5.1037.31011.38420.95138.36354.37067.951
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% of revenue7.58%6.65%8.76%13.18%14.80%16.78%17.15%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Film of other functions & tools1.7562.7213.4784.5259.04011.43013.575
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% of revenue2.61%2.48%2.68%2.85%3.49%3.53%3.43%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Software services2.8212.5673.2633.4894.3735.2136.518
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% of revenue4.19%2.34%2.51%2.20%1.69%1.61%1.64%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Cutbank credit 34.1466.1977.2547.78512.37216.31717.626
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% of revenue6.16%5.64%5.58%4.90%4.77%5.04%4.45%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Installation labor3.7105.2126.62110.92624.25342.82858.477
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% of revenue5.51%4.74%5.10%6.87%9.35%13.22%14.76%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Trainiing0.2730.4180.5910.4630.9821.4612.266
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% of revenue0.41%0.38%0.45%0.29%0.38%0.45%0.57%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Total Revenue3.834.136.0410.6717.9029.6341.4751.7667.30109.92129.93158.92259.26323.99396.290.000.000.000.000.00
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Revenue growth7.70%46.29%76.62%67.74%65.54%39.96%24.81%30.02%63.34%18.21%22.31%63.14%24.97%22.32%-100.00%#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Revenue growth (5-year CAGR)50.52%58.62%53.66%44.53%43.76%34.40%30.83%38.02%36.93%29.24%-100.00%-100.00%-100.00%-100.00%-100.00%
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Cost of revenue1.631.903.537.0412.1520.3729.1537.7450.6176.4886.43104.90166.59196.48233.88
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Gross profit2.212.232.523.635.759.2612.3214.0216.6833.4443.5154.0392.68127.51162.410.000.000.000.000.00
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Gross margin57.51%53.98%41.63%34.06%32.10%31.24%29.70%27.08%24.79%30.42%33.48%33.99%35.75%39.36%40.98%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Sale and marketing4.956.807.589.7518.2725.3731.79
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General and adminstrative9.5314.8318.8320.9134.2948.2163.65
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Operating expense1.681.571.902.563.706.469.7110.7614.4721.6326.4230.6652.5673.5895.440.000.000.000.000.00
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% to Revenue43.79%38.03%31.49%24.00%20.69%21.82%23.41%20.79%21.51%19.68%20.33%19.29%20.27%22.71%24.08%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Operating income0.530.660.611.072.042.792.613.252.2111.8117.0923.3740.1153.9466.970.000.000.000.000.00
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% to Revenue13.73%15.95%10.15%10.06%11.41%9.42%6.29%6.29%3.29%10.74%13.15%14.71%15.47%16.65%16.90%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Interest expense-0.03-0.020.000.00-0.01-0.04-0.22-0.22-0.33-0.17-0.10-0.25-0.30-1.41-1.25
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Gain/(loss) on sale of properties, plants, equipment0.000.020.000.000.000.000.000.000.01
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Foreign exchange loss0.050.000.25-0.16-0.04-0.32-0.37-0.560.31
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Amortization-0.35-0.33
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Loss on discontinue operation-0.71
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Equity investment (loss)-0.11
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Total other income-1.09-0.430.000.00-0.01-0.04-0.17-0.22-0.06-0.32-0.14-0.57-0.68-1.97-0.940.000.000.000.000.00
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Income before tax-0.570.220.611.082.032.752.433.032.1511.4816.9522.8039.4451.9766.030.000.000.000.000.00
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Income tax-0.20.2-0.10.71-0.320.960.871.152.762.964.527.8710.5813.2
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Net income-0.570.430.401.161.323.071.472.160.998.7214.0018.2831.5741.3852.800.000.000.000.000.00
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Net margin-14.77%10.31%6.65%10.89%7.38%10.36%3.55%4.18%1.48%7.93%10.77%11.50%12.18%12.77%13.32%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Earning per share#DIV/0!#DIV/0!0.020.050.050.120.060.080.040.320.510.661.141.501.91#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Common stock (diluted)25.7225.7825.7825.7825.7825.7827.3327.6127.6127.6127.6127.6227.63
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Price at yearend (approximate)0.040.010.090.151.373.171.011.401.405.5115.5251.5668.2860.0653.85
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P/E (never assume price will back to previous high)
26.6217.7116.6838.4717.4530.6277.8859.7340.0828.18#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Assets (excluding right-to-use beginning 2020)1.571.683.245.406.4512.6119.5321.8027.8130.5446.5277.53147.79177.82236.43
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Cash and cash equivalents 0.120.160.421.401.411.472.841.863.503.9711.5029.039.648.0611.61
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Account receivables0.260.370.590.901.022.293.454.755.455.557.159.9413.1614.7324.11
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Debt0.130.000.000.000.070.994.833.932.931.820.776.1425.4526.0819.38
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Equity0.581.001.832.994.327.408.3410.3512.5020.6134.8953.3884.46124.72179.99
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Liabilities (excluding lease operating liability beginning 2020)
1.000.681.402.402.135.1211.1811.5015.329.9311.5724.8363.4252.3955.21
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Invested Capital0.711.001.832.994.388.3913.1714.2815.4222.4335.6659.52109.91150.80199.370.000.000.000.000.00
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Cash flow from operation 10.500.640.951.432.423.152.583.742.2810.2716.1720.4137.4349.7363.34
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CapEx0.000.010.070.110.320.370.450.381.461.881.501.726.667.866.33
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Acquisition0.000.491.850.820.660.830.132.5749.184.6718.74
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Intellecture properties0.260.280.300.240.500.560.760.980.210.390.670.370.961.621.29
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Equity investment0.11
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Total of CapEx + Acquisition + investment 20.260.390.380.350.821.423.072.182.333.092.304.6656.8114.1626.350.000.000.000.000.00
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Free Cash Flow0.240.250.571.071.601.73-0.491.56-0.057.1813.8615.75-19.3835.5836.990.000.000.000.000.00
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Free cash flow/cash flow from operation48.53%39.43%60.18%75.32%66.04%54.97%-19.02%41.64%-2.11%69.88%85.75%77.16%-51.79%71.54%58.40%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Stock compensation0.000.000.000.000.000.000.000.000.000.000.000.000.170.521.64
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% to Cash flow from operation0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.45%1.05%2.59%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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CEO Payna0.1230.1300.1500.2180.2510.238na0.3730.5370.6320.7181.3031.5332.045
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% to Revenue#VALUE!2.97%2.16%1.41%1.22%0.85%0.57%#VALUE!0.55%0.49%0.49%0.45%0.50%0.47%0.52%#DIV/0!
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% to OP Income#VALUE!18.59%21.26%13.97%10.69%9.00%9.12%#VALUE!16.85%4.54%3.70%3.07%3.25%2.84%3.05%#DIV/0!
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% to Net#VALUE!28.77%32.41%12.91%16.54%8.19%16.17%#VALUE!37.48%6.15%4.51%3.93%4.13%3.70%3.87%#DIV/0!
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Executive Pay 4na0.5690.6010.6520.8650.9840.962na1.6162.2482.6672.3834.1735.0094.765
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% to Revenue#VALUE!13.79%9.95%6.11%4.83%3.32%2.32%#VALUE!2.40%2.05%2.05%1.50%1.61%1.55%1.20%#DIV/0!
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% to OP Income#VALUE!86.42%98.03%60.74%42.34%35.23%36.87%#VALUE!73.06%19.04%15.61%10.20%10.40%9.29%7.11%#DIV/0!
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% to Net#VALUE!133.71%149.48%56.12%65.52%32.05%65.39%#VALUE!162.49%25.78%19.05%13.04%13.22%12.10%9.02%#DIV/0!
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Director Payna0.0360.0900.1090.135na0.2540.3320.4080.4000.4250.674
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% to OP Income#VALUE!0.00%0.00%3.35%4.41%3.89%5.18%#VALUE!0.00%2.15%1.95%1.75%1.00%0.79%1.01%#DIV/0!
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% to Net#VALUE!0.00%0.00%3.10%6.82%3.54%9.18%#VALUE!0.00%2.91%2.38%2.23%1.27%1.03%1.28%#DIV/0!
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Ratio
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Revenue to assets#REF!2.542.462.473.023.112.582.512.713.773.372.562.301.991.910.00#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Revenue to invested capital#REF!4.844.264.424.854.643.853.774.535.814.473.343.062.492.260.00#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Net income to assets#REF!26.2%16.4%26.9%22.3%32.2%9.2%10.5%4.0%29.9%36.3%29.5%28.0%25.4%25.5%0.0%#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Net income to invested capital#REF!49.9%28.4%48.1%35.8%48.1%13.6%15.8%6.7%46.1%48.2%38.4%37.3%31.7%30.2%0.0%#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Cash to liabilities0.120.230.300.580.660.290.250.160.230.400.991.170.150.150.21#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Free cash flow to liabilities0.250.370.410.450.750.34-0.040.140.000.721.200.63-0.310.680.67#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!