Aehr Test Systems logo AEHR - Aehr Test Systems

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 1
HOLD 2
SELL 0
STRONG
SELL 0
| PRICE TARGET: $136.67 DETAILS
HIGH: $175.00
LOW: $110.00
MEDIAN: $125.00
CONSENSUS: $136.67
UPSIDE: 34.35%
Annual Quarterly
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Revenue
Revenue 50.0 59.0 66.2 65.0 50.8 16.6 22.3 21.1 29.6 18.9 14.5 10.0 19.7 16.5 15.5 13.7 11.7 21.4 39.0 27.4 23.8 16.1 15.8 15.1 12.6 31.0 24.5 18.1 40.8 42
Cost of Revenue 32.4 35.0 33.7 32.2 27.2 10.6 13.9 13.5 17.2 12.1 9.4 6.2 9.5 9.7 9.3 8.2 5.6 19.8 19.1 13.4 13.2 11.8 10.1 9.4 6.5 17.9 17.3 12.2 24.4 25.1
Gross Profit 17.7 23.9 32.5 32.7 23.7 6.0 8.4 7.6 12.4 6.8 5.1 3.8 10.2 6.8 6.2 5.5 6.1 1.2 20.0 13.9 10.6 4.3 5.7 5.7 6.1 13.1 7.2 5.9 16.4 16.9
Operating Expenses
R&D Expenses 12.6 10.5 8.7 7.1 5.8 3.7 3.4 4.2 4.2 4.7 4.3 4.1 3.4 3.2 4.2 4.6 4.8 5.8 6.5 6.3 4.3 4.0 4.6 4.5 4.0 4.4 4.5 3.7 3.6 3.7
SG&A Expenses 19.2 17.8 13.7 12.2 10.0 6.6 7.5 7.7 7.3 7.1 7.0 6.5 6.3 6.9 6.5 6.0 6.1 20.6 7.7 6.5 5.8 5.2 5.6 5.9 6.5 7.3 7.9 6.9 8.6 8.9
Other Expenses 0.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.6
Operating Expenses 31.8 28.2 22.5 19.4 15.9 10.2 10.9 11.9 11.5 11.7 11.3 10.5 9.7 10.1 10.7 10.5 10.9 26.4 14.2 12.9 10.2 9.2 10.2 10.5 10.6 11.6 12.4 10.6 12.2 13.2
Operating Income
Operating Income (14.1) (4.3) 10.1 13.4 7.8 (4.2) (2.5) (4.3) 0.9 (4.9) (6.2) (6.7) 0.5 (3.3) (4.5) (5.0) (4.7) (24.8) 5.8 1.1 0.5 (5.0) (4.5) (4.7) (4.5) 1.5 (5.2) (4.6) 4.2 3.7
Interest Expense 0 0 0 0 0 0.0 0 0.3 0.4 0.7 0.6 0.1 0.0 0.0 0.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 1.4 1.4 2.4 1.2 0.0 0 0.0 0 0 0 0 0 0 0 0 0.0 0.0 0.1 0.2 1.4 0.4 0.2 0 0 0 0 0 0 0 0
Profitability
EBITDA (11.7) (0.9) 13.8 15.1 9.8 (1.8) (2.4) (4.5) 1.3 (4.7) (6.0) (6.3) 0.6 (3.0) (2.9) (2.8) 0.1 (24.4) 6.4 2.8 1.1 (4.4) (4.1) (4.1) (3.8) 2.1 (4.5) (4.2) 4.7 4.3
EBIT (11.7) (4.3) 12.5 14.6 9.5 (2.2) (2.8) (5.0) 0.9 (5.0) (6.2) (6.5) 0.4 (3.3) (3.4) (3.4) (0.6) (25.1) 6.0 2.5 0.8 (4.7) (4.5) (4.7) (4.5) 1.5 (5.2) (4.6) 4.2 3.7
Income Before Tax (11.7) (4.3) 12.5 14.6 9.5 (2.2) (2.8) (5.2) 0.5 (5.6) (6.8) (6.6) 0.4 (3.4) (3.4) (3.4) (0.6) (25.1) 6.0 2.5 0.8 (4.7) (3.9) (4.6) (4.0) 2.5 (3.7) (3.0) 4.7 2.6
Income Tax Expense (4.6) (0.4) (20.7) 0.1 0.1 (0.2) 0.0 0.0 (0.1) 0.0 0.0 0.0 (0.0) 0.0 (0.0) (0.0) (0.1) 4.9 (4.6) 0.1 (0.0) 0.1 0.1 (0.1) 1.2 1.0 (1.1) (0.7) 2.3 (0.7)
Net Income (7.1) (3.9) 33.2 14.6 9.4 (2.0) (2.8) (5.2) 0.5 (5.7) (6.8) (6.6) 0.4 (3.4) (3.4) (3.4) (0.5) (30.0) 10.6 2.4 0.8 (4.9) (4.0) (4.5) (5.3) (0.1) (2.6) (2.3) 2.4 3.3
Per Share Data
EPS (Basic) -0.23 -0.13 1.15 0.52 0.36 -0.09 -0.12 -0.23 0.02 -0.35 -0.52 -0.55 0.04 -0.36 -0.38 -0.38 -0.06 -3.55 1.32 0.31 0.11 -0.66 -0.55 -0.63 -0.74 -0.02 -0.38 -0.34 0.38 0.77
EPS (Diluted) -0.23 -0.13 1.12 0.50 0.34 -0.09 -0.12 -0.23 0.02 -0.35 -0.52 -0.55 0.04 -0.36 -0.38 -0.38 -0.06 -3.55 1.24 0.30 0.11 -0.66 -0.55 -0.63 -0.74 -0.02 -0.38 -0.34 0.36 0.74
Shares Outstanding 30.7 29.6 28.8 27.8 26.0 23.5 22.9 22.4 21.7 16.3 13.1 12.0 10.9 9.5 9.0 8.8 8.6 8.4 8.0 7.8 7.5 7.4 7.2 7.2 7.2 7.1 6.8 6.9 6.3 4.3
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Current Assets
Cash & Cash Equivalents 116.4 25.2 49.2 30.1 31.5 4.6 5.4 5.4 16.8 17.8 0.9 5.5 1.8 2.3 2.1 4.0 7.8 4.4 15.6 6.6 9.4 5.0 4.6 8.4 7.5 10.4 8.3 5.3 6.7 1.2
Short-Term Investments 0 0 0 17.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.0 1.6 3.8 5.9 2.4 8.0 3.8 7.4 14.8 16.6 0
Net Receivables 17.5 17.8 10.0 16.6 12.9 5.2 3.7 4.9 2.9 4.0 0.5 1.4 3.4 2.6 2.6 1.4 0.6 0.9 10.9 6.6 4.5 2.5 4.2 2.9 3.1 5.8 6.3 3.5 7.2 7.5
Inventory 41.4 42.0 37.5 23.9 15.1 8.8 8.0 9.1 9.0 6.6 7.0 7.1 6.1 5.4 6.1 5.0 3.6 4.5 10.2 9.7 7.2 7.1 8.0 9.2 8.6 10.1 11.2 9.2 11.9 10.5
Other Current Assets 9.3 3.8 1.2 0.6 0.6 0 0.5 0.7 0.7 1.0 0.3 0 0 (0.1) 0.2 0 0 0 3.0 0 0 0 0 1.2 0 1.6 1.6 1.5 1.2 0.9
Total Current Assets 184.4 88.8 97.8 89.0 60.0 19.2 17.7 20.0 29.5 29.4 8.7 14.3 11.7 10.5 10.9 10.6 12.4 10.6 40.2 26.2 23.1 19.0 23.2 24.6 29.6 33.4 36.4 35.1 43.9 21.9
Non-Current Assets
Property, Plant & Equipment 17.8 18.6 9.0 8.9 2.1 2.3 2.8 1.0 1.2 1.4 1.2 0.5 0.5 0.3 0.5 1.0 1.5 2.7 2.3 1.7 1.0 1.2 1.3 1.5 2.4 2.1 2.6 1.9 1.5 1.7
Goodwill 10.7 10.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.3 0.3 0.3 0 0 0 0 0 0 0 0 0
Intangible Assets 9.6 10.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.3 0 0 0 0 0 0 0 0
Long-Term Investments 0 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 0.3 0.3 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.0 0.0 0.1 0.1 0.2 0.2 0.6 0.5 0.5 0.5 0.5 0.5 0.9 2.3 2.2 1.8 4.1 1.7 4.1 1.7 0.8
Total Non-Current Assets 62.2 59.7 30.1 9.1 2.3 2.5 2.9 1.3 1.5 1.5 1.3 0.6 0.6 0.5 0.7 1.5 2.0 3.3 5.0 2.5 1.8 2.4 3.6 3.7 4.2 6.2 4.3 6.1 3.2 2.5
Total Assets 246.7 148.5 127.9 98.1 62.3 21.7 20.6 21.3 31.0 30.9 10.0 14.9 12.2 11.0 11.6 12.1 14.5 13.9 45.2 28.7 24.9 21.5 26.8 28.2 33.8 39.6 40.7 41.2 47.1 24.4
Current Liabilities
Account Payables 6.8 6.7 5.3 9.2 4.2 2.9 0.9 1.9 1.8 2.8 1.4 0.7 1.9 1.2 1.5 0.9 0.7 1.0 3.0 2.5 1.1 1.1 1.8 0.7 0.9 1.2 3.0 1.0 2.1 4.5
Short-Term Debt 0.6 0.9 0.5 0.1 0.8 3.8 1.3 0 6.1 0 0 0 0.8 1.1 1.4 0 0 0 0 0 0 0 0 0 0 0 0.1 0.2 0.1 4.8
Deferred Revenue 5.2 0.2 0.1 0.1 0.2 0.2 0.2 0.5 0.3 0.2 1.2 4.8 1.1 2.0 0.6 0.2 0.3 0.2 0.2 0.4 2.3 0.7 0.3 0.1 0.5 0.1 0.0 0.5 0.3 0
Other Current Liabilities 5.3 5.1 2.1 3.6 3.0 0.8 0.5 1.9 1.8 3.7 1.1 4.1 1.4 2.3 0.5 0.7 0.8 1.5 1.7 1.4 2.9 1.3 0 0 0 0 0 0 0 0.0
Total Current Liabilities 17.9 15.6 10.5 16.3 11.0 9.1 3.9 5.5 11.1 7.9 4.7 6.5 5.1 5.7 4.9 2.5 2.6 3.3 6.9 5.8 5.8 3.7 4.3 2.6 3.7 4.6 6.0 4.1 7.0 14
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 1.0 0 0 6.1 6.0 3.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.3 0.4 0.1 0.1
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0 0.2 0.1 0 0 0.0 0.1 0.2 0.3 0.4 0.6 0.6 0.6 0.2 0.3 0.3 0.3 0.3 0.3 0.2 0.1 0 0.1 0.2
Total Non-Current Liabilities 9.3 10.0 5.8 6.2 0.3 1.2 2.7 0.3 0.5 6.2 6.1 3.8 0.1 0.3 0.4 0.4 0.6 0.6 0.6 0.2 0.3 0.3 0.3 0.3 0.3 0.2 0.4 0.4 0.2 0.4
Total Liabilities 27.2 25.6 16.3 22.5 11.3 10.2 6.5 5.9 11.7 14.1 10.8 10.3 5.2 6.0 5.2 3.0 3.2 3.9 7.4 6.0 6.1 4.0 4.6 2.9 3.9 4.8 6.4 4.5 7.1 14.3
Stockholders' Equity
Common Stock 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0
Retained Earnings (30.2) (23.1) (19.1) (52.3) (66.9) (76.3) (74.3) (71.5) (66.2) (66.8) (61.1) (54.3) (47.7) (48.1) (44.7) (41.3) (38.0) (37.5) (7.5) (18.2) (20.6) (21.4) (16.6) (12.6) (8.1) (2.8) (2.7) (0.1) 2.3 (0.1)
Accumulated Other Comprehensive Income (0.1) (0.1) (0.2) (0.2) (0.1) (0.0) 2.2 2.2 2.3 2.2 2.2 2.2 2.5 2.4 2.5 2.6 2.7 2.8 2.4 1.2 1.3 1.2 1.4 1.5 1.5 1.4 1.6 1.9 2.2 (7.9)
Total Stockholders' Equity 219.5 122.9 111.6 75.6 51.0 11.4 14.1 15.5 19.3 16.8 (0.7) 4.6 7.0 5.0 6.5 9.1 11.3 10.0 37.8 22.7 18.8 17.5 22.2 25.3 29.9 34.8 34.3 36.7 40.0 10.1
Total Liabilities & Equity 246.7 148.5 127.9 98.1 62.3 21.7 20.6 21.3 31.0 30.9 10.0 14.9 12.2 11.0 11.6 12.1 14.5 13.9 45.2 28.7 24.9 21.5 26.8 28.2 33.8 39.6 40.7 41.2 47.1 24.4
Debt Metrics
Total Debt 9.9 10.8 6.2 6.3 1.0 4.8 3.9 0 6.1 6.1 6.0 3.8 0.8 1.1 1.4 0 0 0 0 0 0 0 0 0 0 0 0.4 0.5 0.2 4.9
Net Debt (106.5) (14.4) (43.0) (23.8) (30.5) 0.2 (1.5) (5.4) (10.7) (11.7) 5.0 (1.7) (1.0) (1.2) (0.7) (4.0) (7.8) (4.4) (15.6) (6.6) (9.4) (5.0) (4.6) (8.4) (7.5) (10.4) (7.9) (4.8) (6.5) 3.7
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Operating Activities
Net Income (7.1) (3.9) 33.2 14.6 9.4 (2.0) (2.8) (5.2) 0.5 (5.7) (6.8) (6.6) 0.4 (3.4) (3.4) (3.4) (0.5) (30.0) 10.6 2.4 0.8 (4.9) (4.0) (4.5) (5.3) (0.1) (2.6) (2.3) 2.4 3.3
Depreciation & Amortization 2.8 3.4 1.4 0.5 0.3 0.3 0.4 0.4 0.4 0.3 0.2 0.1 0.1 0.3 0.5 0.6 0.7 0.6 0.5 0.3 0.3 0.3 0.4 0.6 0.7 0.7 0.7 0.5 0.5 0.6
Stock-Based Compensation 6.8 5.2 2.5 0 3.0 0 0.9 0.9 1.0 1.0 1.0 1.0 0.8 0.6 0.7 0 1.7 1.3 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (1.8) (12.2) (14.4) (7.3) (9.6) 0.3 (0.6) (1.7) (3.2) (0.3) (0.9) 3.3 (2.0) 2.2 (1.7) (2.3) 0.9 (1.9) (3.5) (4.6) 0.3 1.8 2.6 (0.2) 2.8 (1.1) (4.1) 2.8 (3.6) 5
Other Non-Cash Items 0.8 0.6 (0.1) 2.3 (1.7) (1.3) 0.0 (0.0) (0.1) 0.2 0.2 0.0 (0.0) 0 (1.0) 1.0 0.4 13.9 1.0 0.8 0.1 0.2 0.2 0.4 0.0 1.6 0.0 (0.1) 0.1 0.1
Operating Cash Flow (3.3) (7.4) 1.8 10.0 1.5 (2.7) (2.0) (5.6) (1.4) (4.5) (6.3) (2.3) (0.6) (0.3) (4.9) (4.1) 3.2 (11.0) 3.6 (1.1) 1.5 (2.5) (0.8) (3.8) (0.2) 1.0 (6.0) 0.3 (0.7) 3
Investing Activities
Capital Expenditure (2.1) (5.0) (0.7) (1.4) (0.4) (0.2) (0.2) (0.2) (0.6) (0.5) (0.9) (0.1) (0.3) (0.1) (0.0) (0.0) (0.1) (1.1) (1.1) (1.1) (0.1) (0.3) (0.2) (0.3) (1.0) (0.1) (1.4) (0.8) (0.3) (0.6)
Acquisitions (1.8) (11.1) 0 0 0 0 0 0 0 0 0 0 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 (33.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.5) (14.2) (11.9) (17.3) (4.2) (0.6) (4.2) (1.7) 0 (2.4) (16.2) 0
Sales/Maturities of Investments 0 0 18 16 0 0 0 0 0 0 0 0 0 0 1.4 0 0 0 3.5 12.8 14.5 20.9 0 5.6 2.2 3.6 10.2 1.7 0 0
Other Investing Activities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.0) (0.0) (0.0) 0.4 (0.1) (0.0) (0.8) (0.3) 0.0 (0.2) 0.4
Investing Cash Flow (3.9) (16.1) 17.3 (18.7) (0.4) (0.2) (0.2) (0.2) (0.6) (0.5) (0.9) (0.1) (0.3) (0.1) 1.3 (0.0) (0.1) (1.1) 1.9 (2.5) 2.5 3.3 (3.9) 4.6 (3.0) 1.0 8.6 (1.4) (16.8) (0.2)
Financing Activities
Net Debt Issuance 0 0 0 0 (1.4) 1.4 1.7 (6.1) 0 0 2.0 3.0 (0.3) (0.3) 1.4 0 0 0 0 0 0 0 0 0 0 (0.4) (0.2) 0.3 (4.5) (2.1)
Stock Repurchased (2.4) (0.8) (1.6) (2.1) (0.4) (0.0) (0.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.2) (0.1) (0.5) (0.1) (1.1) (0.0) (0.0)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (0.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 (0.1) 0 0 0 0
Financing Cash Flow 97.2 0.6 0.1 7.3 25.8 2.0 2.2 (5.6) 0.9 21.8 2.5 6.4 0.4 1.1 1.6 0.3 0.2 0.5 2.3 0.8 0.5 0.2 1.0 (0.0) 0.3 0.3 0.4 (0.4) 22.9 (2.1)
Cash Position
Net Change in Cash 90.0 (23.9) 19.1 (1.4) 26.9 (0.9) 0.0 (11.4) (1.0) 16.9 (4.6) 3.7 (0.5) 0.3 (1.9) (3.7) 3.4 (11.3) 9.1 (2.8) 9.4 5.0 (3.7) 0.9 (2.9) 2.1 3.0 (1.4) 5.6 (2.1)
Cash at Beginning 26.5 49.2 30.1 31.5 4.6 5.4 5.4 16.8 17.8 0.9 5.5 1.8 2.3 2.1 4.0 7.8 4.4 15.6 6.6 9.4 0 0 8.4 7.5 10.4 8.3 5.3 6.7 1.2 0.5
Cash at End 116.5 25.2 49.2 30.1 31.5 4.6 5.4 5.4 16.8 17.8 0.9 5.5 1.8 2.3 2.1 4.0 7.8 4.4 15.6 6.6 9.4 5.0 4.6 8.4 7.5 10.4 8.3 5.3 6.7 (1.6)
Free Cash Flow (5.4) (12.4) 1.0 8.6 1.1 (2.9) (2.2) (5.8) (1.9) (5.0) (7.2) (2.4) (0.9) (0.4) (4.9) (4.2) 3.2 (12.1) 2.6 (2.2) 1.4 (2.8) (1.0) (4.1) (1.2) 0.9 (7.3) (0.4) (1.0) 2.4
Key Metrics 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Income Statement
Revenue 50.0 59.0 66.2 65.0 50.8 16.6 22.3 21.1 29.6 18.9 14.5 10.0 19.7 16.5 15.5 13.7 11.7 21.4 39.0 27.4 23.8 16.1 15.8 15.1 12.6 31.0 24.5 18.1 40.8 42
Gross Profit 17.7 23.9 32.5 32.7 23.7 6.0 8.4 7.6 12.4 6.8 5.1 3.8 10.2 6.8 6.2 5.5 6.1 1.2 20.0 13.9 10.6 4.3 5.7 5.7 6.1 13.1 7.2 5.9 16.4 16.9
Operating Income (14.1) (4.3) 10.1 13.4 7.8 (4.2) (2.5) (4.3) 0.9 (4.9) (6.2) (6.7) 0.5 (3.3) (4.5) (5.0) (4.7) (24.8) 5.8 1.1 0.5 (5.0) (4.5) (4.7) (4.5) 1.5 (5.2) (4.6) 4.2 3.7
Net Income (7.1) (3.9) 33.2 14.6 9.4 (2.0) (2.8) (5.2) 0.5 (5.7) (6.8) (6.6) 0.4 (3.4) (3.4) (3.4) (0.5) (30.0) 10.6 2.4 0.8 (4.9) (4.0) (4.5) (5.3) (0.1) (2.6) (2.3) 2.4 3.3
EPS (Diluted) -0.23 -0.13 1.12 0.50 0.34 -0.09 -0.12 -0.23 0.02 -0.35 -0.52 -0.55 0.04 -0.36 -0.38 -0.38 -0.06 -3.55 1.24 0.30 0.11 -0.66 -0.55 -0.63 -0.74 -0.02 -0.38 -0.34 0.36 0.74
Balance Sheet
Cash & Equivalents 116.4 25.2 49.2 30.1 31.5 4.6 5.4 5.4 16.8 17.8 0.9 5.5 1.8 2.3 2.1 4.0 7.8 4.4 15.6 6.6 9.4 5.0 4.6 8.4 7.5 10.4 8.3 5.3 6.7 1.2
Total Assets 246.7 148.5 127.9 98.1 62.3 21.7 20.6 21.3 31.0 30.9 10.0 14.9 12.2 11.0 11.6 12.1 14.5 13.9 45.2 28.7 24.9 21.5 26.8 28.2 33.8 39.6 40.7 41.2 47.1 24.4
Total Debt 9.9 10.8 6.2 6.3 1.0 4.8 3.9 0 6.1 6.1 6.0 3.8 0.8 1.1 1.4 0 0 0 0 0 0 0 0 0 0 0 0.4 0.5 0.2 4.9
Stockholders' Equity 219.5 122.9 111.6 75.6 51.0 11.4 14.1 15.5 19.3 16.8 (0.7) 4.6 7.0 5.0 6.5 9.1 11.3 10.0 37.8 22.7 18.8 17.5 22.2 25.3 29.9 34.8 34.3 36.7 40.0 10.1
Cash Flow
Operating Cash Flow (3.3) (7.4) 1.8 10.0 1.5 (2.7) (2.0) (5.6) (1.4) (4.5) (6.3) (2.3) (0.6) (0.3) (4.9) (4.1) 3.2 (11.0) 3.6 (1.1) 1.5 (2.5) (0.8) (3.8) (0.2) 1.0 (6.0) 0.3 (0.7) 3
Capital Expenditure (2.1) (5.0) (0.7) (1.4) (0.4) (0.2) (0.2) (0.2) (0.6) (0.5) (0.9) (0.1) (0.3) (0.1) (0.0) (0.0) (0.1) (1.1) (1.1) (1.1) (0.1) (0.3) (0.2) (0.3) (1.0) (0.1) (1.4) (0.8) (0.3) (0.6)
Free Cash Flow (5.4) (12.4) 1.0 8.6 1.1 (2.9) (2.2) (5.8) (1.9) (5.0) (7.2) (2.4) (0.9) (0.4) (4.9) (4.2) 3.2 (12.1) 2.6 (2.2) 1.4 (2.8) (1.0) (4.1) (1.2) 0.9 (7.3) (0.4) (1.0) 2.4