PRM - Perimeter Solutions, S.A.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$37.00
DETAILS
HIGH:
$40.00
LOW:
$34.00
MEDIAN:
$37.00
CONSENSUS:
$37.00
UPSIDE:
18.97%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 652.9 | 561.0 | 322.1 | 360.5 | 362.3 | 339.6 | 239.3 |
| Cost of Revenue | 277.7 | 243.9 | 193.8 | 231.9 | 189.7 | 177.5 | 155.4 |
| Gross Profit | 375.1 | 317.1 | 128.3 | 128.7 | 172.6 | 162.0 | 83.9 |
| Operating Expenses | |||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 77.6 | 66.9 | 46.5 | 60.3 | 709.0 | 37.7 | 36.2 |
| Other Expenses | 498.5 | 254.0 | (12.7) | (61.7) | 63.8 | 52.8 | 53.5 |
| Operating Expenses | 576.1 | 320.9 | 33.8 | (1.4) | 772.8 | 90.6 | 89.7 |
| Operating Income | |||||||
| Operating Income | (200.9) | (3.8) | 94.5 | 130.1 | (600.1) | 71.5 | (5.8) |
| Interest Expense | 39.1 | 40.5 | 41.4 | 42.6 | 45.4 | 42.0 | 51.7 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||
| EBITDA | (123.1) | 62.0 | 200.0 | 195.9 | (529.5) | 129.6 | 53.2 |
| EBIT | (197.1) | (3.8) | 135.2 | 130.1 | (590.9) | 71.5 | (4.8) |
| Income Before Tax | (236.2) | (46.9) | 61.6 | 97.2 | (653.5) | 34.7 | (59.7) |
| Income Tax Expense | (29.9) | (41.0) | (5.9) | 5.5 | 8.0 | 10.5 | (17.7) |
| Net Income | (206.4) | (5.9) | 67.5 | 91.8 | (661.5) | 24.2 | (42.0) |
| Per Share Data | |||||||
| EPS (Basic) | -1.37 | -0.04 | 0.44 | 0.57 | -4.21 | 0.15 | -0.27 |
| EPS (Diluted) | -1.37 | -0.04 | 0.41 | 0.52 | -4.21 | 0.15 | -0.27 |
| Shares Outstanding | 148.8 | 145.7 | 154.7 | 160.9 | 157.2 | 157.1 | 157.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 325.9 | 198.5 | 47.3 | 126.8 | 225.6 | 22.5 | 9.8 |
| Short-Term Investments | 0 | 0 | 5.5 | 0 | 0 | 0 | 0 |
| Net Receivables | 64.4 | 67.1 | 41.3 | 26.9 | 25.1 | 40.4 | 41.5 |
| Inventory | 139.6 | 116.3 | 145.7 | 143.0 | 106.9 | 58.8 | 70.0 |
| Other Current Assets | 34.0 | 3.4 | 1.6 | 1.2 | 1.5 | 4.1 | 0.9 |
| Total Current Assets | 564.0 | 394.0 | 251.0 | 308.5 | 371.8 | 133.0 | 123.2 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 121.0 | 88.2 | 81.8 | 77.4 | 62.2 | 48.2 | 46.3 |
| Goodwill | 1,065.2 | 1,034.5 | 1,036.3 | 1,031.5 | 1,041.3 | 482.0 | 473.2 |
| Intangible Assets | 899.3 | 898.4 | 945.0 | 1,037.4 | 1,100.8 | 473.7 | 500.1 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 3.5 | 1.2 | 1.3 | 1.8 | 2.2 | 1.2 | 2.7 |
| Total Non-Current Assets | 2,089.0 | 2,022.4 | 2,083.4 | 2,148.1 | 2,206.6 | 1,005.2 | 1,022.3 |
| Total Assets | 2,653.0 | 2,416.4 | 2,334.4 | 2,456.6 | 2,578.4 | 1,138.2 | 1,145.5 |
| Current Liabilities | |||||||
| Account Payables | 30.3 | 23.5 | 21.6 | 36.8 | 27.5 | 9.9 | 19.5 |
| Short-Term Debt | 0 | 0 | 2.7 | 0 | 0 | 6.7 | 5.6 |
| Deferred Revenue | 1.9 | 1.8 | 0 | 0 | 0.4 | 0.3 | 0.4 |
| Other Current Liabilities | 142.9 | (2.9) | 16.6 | 5.8 | 10.5 | 5.2 | 13.1 |
| Total Current Liabilities | 175.1 | 62.5 | 55.1 | 74.2 | 100.5 | 32.9 | 47.9 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 33.6 | 780.6 | 775.1 | 665.3 | 664.1 | 680.5 | 724.3 |
| Deferred Tax Liabilities | 80.4 | 152.2 | 272.5 | 278.3 | 297.1 | 112.2 | 110.2 |
| Other Non-Current Liabilities | 1,230.6 | 242.3 | 59.1 | 284.5 | 435.0 | 21.2 | 0.7 |
| Total Non-Current Liabilities | 1,344.6 | 1,196.6 | 1,127.1 | 1,243.6 | 1,396.3 | 813.9 | 835.2 |
| Total Liabilities | 1,519.7 | 1,259.1 | 1,182.1 | 1,317.7 | 1,496.8 | 846.8 | 883.1 |
| Stockholders' Equity | |||||||
| Common Stock | 0.0 | 0.0 | 165.1 | 163.2 | 157.2 | 53.0 | 53.0 |
| Retained Earnings | (793.1) | (586.7) | (580.8) | (648.3) | (738.5) | (47.8) | (72.0) |
| Accumulated Other Comprehensive Income | (6.4) | (39.2) | (19.7) | (25.5) | (7.1) | (3.2) | (8.0) |
| Total Stockholders' Equity | 1,133.3 | 1,157.3 | 1,152.3 | 1,138.9 | 1,081.6 | 291.4 | 262.4 |
| Total Liabilities & Equity | 2,653.0 | 2,416.4 | 2,334.4 | 2,456.6 | 2,578.4 | 1,138.2 | 1,145.5 |
| Debt Metrics | |||||||
| Total Debt | 33.6 | 805.5 | 798.3 | 684.3 | 664.1 | 687.3 | 729.9 |
| Net Debt | (292.4) | 607.1 | 751.0 | 557.6 | 438.6 | 664.8 | 720.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (206.4) | (5.9) | 67.5 | 91.8 | (661.5) | 24.2 | (42.0) |
| Depreciation & Amortization | 74.0 | 65.7 | 64.9 | 65.8 | 76.2 | 58.1 | 58.0 |
| Stock-Based Compensation | 16.6 | 12.8 | 1.6 | 14.6 | 292.2 | 0 | 0 |
| Change in Working Capital | (20.4) | 0.6 | (45.1) | (107.2) | 363.6 | (12.3) | 2.3 |
| Other Non-Cash Items | 448.4 | 214.7 | (62.8) | (88.2) | 15.3 | 3.5 | 3.6 |
| Operating Cash Flow | 238.1 | 188.4 | 0.2 | (40.2) | 72.3 | 70.8 | (0.3) |
| Investing Activities | |||||||
| Capital Expenditure | (29.6) | (15.5) | (9.4) | (8.6) | (9.8) | (7.5) | (8.9) |
| Acquisitions | (62) | (32.8) | 0 | (1.6) | (1,216.6) | (2.0) | (16.3) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 5.4 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (15.2) | 0 | (5.5) | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (106.8) | (42.9) | (14.9) | (10.3) | (1,226.4) | (9.5) | (25.2) |
| Financing Activities | |||||||
| Net Debt Issuance | (3.1) | (0.7) | (0.4) | 0 | (703.4) | (45.6) | 33.4 |
| Stock Repurchased | (40.4) | (14.4) | (64.1) | (49.3) | (60) | 0 | (12.4) |
| Dividends Paid | 0 | 0 | 0 | 0 | (60) | 0 | (12.4) |
| Other Financing Activities | 0 | 23.5 | 0 | 0.5 | 62 | 0 | 0 |
| Financing Cash Flow | (9.0) | 8.3 | (64.5) | (48.8) | (761.4) | (45.6) | 21.0 |
| Cash Position | |||||||
| Net Change in Cash | 127.5 | 151.2 | (79.5) | (98.8) | 203.1 | 12.7 | (6.1) |
| Cash at Beginning | 198.5 | 47.3 | 126.8 | 225.6 | 22.5 | 9.8 | 16.0 |
| Cash at End | 325.9 | 198.5 | 47.3 | 126.8 | 225.6 | 22.5 | 9.8 |
| Free Cash Flow | 208.6 | 172.9 | (9.2) | (48.8) | 62.6 | 63.3 | (9.2) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 652.9 | 561.0 | 322.1 | 360.5 | 362.3 | 339.6 | 239.3 |
| Gross Profit | 375.1 | 317.1 | 128.3 | 128.7 | 172.6 | 162.0 | 83.9 |
| Operating Income | (200.9) | (3.8) | 94.5 | 130.1 | (600.1) | 71.5 | (5.8) |
| Net Income | (206.4) | (5.9) | 67.5 | 91.8 | (661.5) | 24.2 | (42.0) |
| EPS (Diluted) | -1.37 | -0.04 | 0.41 | 0.52 | -4.21 | 0.15 | -0.27 |
| Balance Sheet | |||||||
| Cash & Equivalents | 325.9 | 198.5 | 47.3 | 126.8 | 225.6 | 22.5 | 9.8 |
| Total Assets | 2,653.0 | 2,416.4 | 2,334.4 | 2,456.6 | 2,578.4 | 1,138.2 | 1,145.5 |
| Total Debt | 33.6 | 805.5 | 798.3 | 684.3 | 664.1 | 687.3 | 729.9 |
| Stockholders' Equity | 1,133.3 | 1,157.3 | 1,152.3 | 1,138.9 | 1,081.6 | 291.4 | 262.4 |
| Cash Flow | |||||||
| Operating Cash Flow | 238.1 | 188.4 | 0.2 | (40.2) | 72.3 | 70.8 | (0.3) |
| Capital Expenditure | (29.6) | (15.5) | (9.4) | (8.6) | (9.8) | (7.5) | (8.9) |
| Free Cash Flow | 208.6 | 172.9 | (9.2) | (48.8) | 62.6 | 63.3 | (9.2) |