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ODP - The ODP Corporation

NASDAQ -> Consumer Cyclical -> Specialty Retail
Boca Raton, United States
Type: Equity

ODP price evolution
ODP
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $392 $384 $335 $343
Short term investments
Net receivables $487 $542 $516 $524
Inventory $765 $782 $836 $793
Total current assets $1678 $1754 $1738 $1813
Long term investments
Property, plant & equipment $1342 $1303 $1240 $1230
Goodwill & intangible assets $448 $510 $510 $511
Total noncurrent assets $2208 $2226 $2223 $2228
Total investments
Total assets $3886 $3980 $3961 $4041
Current liabilities
Accounts payable $755 $818 $864 $903
Deferred revenue
Short long term debt $9 $9 $9 $12
Total current liabilities $1693 $1760 $1782 $1845
Long term debt $954 $931 $880 $909
Total noncurrent liabilities $1092 $1065 $1018 $1048
Total debt $963 $940 $889 $921
Total liabilities $2785 $2825 $2800 $2893
Shareholders' equity
Retained earnings -$312 -$275 -$344 -$379
Other shareholder equity -$114 -$121 -$71 -$75
Total shareholder equity $1101 $1155 $1161 $1148
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $392 $403 $514 $729
Short term investments
Net receivables $487 $536 $495 $631
Inventory $765 $828 $859 $930
Total current assets $1678 $1910 $2389 $2355
Long term investments
Property, plant & equipment $1342 $1226 $1413 $1746
Goodwill & intangible assets $448 $510 $518 $966
Total noncurrent assets $2208 $2239 $2476 $3203
Total investments
Total assets $3886 $4149 $4865 $5558
Current liabilities
Accounts payable $755 $821 $950 $919
Deferred revenue
Short long term debt $9 $16 $20 $24
Total current liabilities $1693 $1859 $2265 $2093
Long term debt $954 $865 $981 $1345
Total noncurrent liabilities $1092 $1003 $1162 $1585
Total debt $963 $881 $1001 $1369
Total liabilities $2785 $2862 $3427 $3678
Shareholders' equity
Retained earnings -$312 -$451 -$617 -$409
Other shareholder equity -$114 -$77 -$6 -$32
Total shareholder equity $1101 $1287 $1438 $1880
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $1806 $2009 $1908 $2108
Cost of revenue $1410 $1535 $1493 $1627
Gross Profit $396 $474 $415 $481
Operating activities
Research & development
Selling, general & administrative $353 $379 $362 $382
Total operating expenses $427 $383 $369 $386
Operating income -$31 $91 $46 $95
Income from continuing operations
EBIT -$27 $97 $52 $99
Income tax expense $5 $22 $13 $22
Interest expense $5 $5 $5 $5
Net income
Net income -$37 $70 $34 $72
Income (for common shares) -$37 $70 $34 $72
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $7831 $8491 $8465 $9710
Cost of revenue $6065 $6643 $6602 $7578
Gross Profit $1766 $1848 $1863 $2132
Operating activities
Research & development
Selling, general & administrative $1476 $1552 $1558 $1832
Total operating expenses $1565 $1605 $1629 $2384
Operating income $201 $243 $234 -$252
Income from continuing operations
EBIT $220 $246 -$136 -$253
Income tax expense $61 $64 $44 $24
Interest expense $20 $16 $28 $42
Net income
Net income $139 $166 -$208 -$319
Income (for common shares) $139 $166 -$208 -$319
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income -$37 $70 $34 $72
Operating activities
Depreciation $28 $28 $29 $30
Business acquisitions & disposals -$7 $1 -$10
Stock-based compensation $8 $10 $9 $9
Total cash flows from operations $70 $112 -$8 $157
Investing activities
Capital expenditures -$29 -$25 -$24 -$27
Investments
Total cash flows from investing -$30 -$18 $77 -$31
Financing activities
Dividends paid
Sale and purchase of stock -$31 -$36 -$34 -$220
Net borrowings -$3 -$7 -$44 $35
Total cash flows from financing -$34 -$43 -$78 -$185
Effect of exchange rate $2 -$1 $1
Change in cash and equivalents $8 $50 -$8 -$59
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $139 $166 -$208 -$319
Operating activities
Depreciation $115 $131 $146 $189
Business acquisitions & disposals -$16 -$29 -$30
Stock-based compensation $36 $40 $38 $41
Total cash flows from operations $331 $237 $346 $485
Investing activities
Capital expenditures -$105 -$99 -$73 -$68
Investments $818
Total cash flows from investing -$2 -$10 -$79 $736
Financing activities
Dividends paid -$13
Sale and purchase of stock -$321 -$286 -$333 -$35
Net borrowings -$19 -$64 -$125 -$1137
Total cash flows from financing -$340 -$355 -$459 -$1193
Effect of exchange rate $2 -$5 $1
Change in cash and equivalents -$9 -$133 -$192 $29
Fundamentals
Market cap $1.94B
Enterprise value $2.51B
Shares outstanding 36.96M
Revenue $7.83B
EBITDA $336.00M
EBIT $221.00M
Net Income $139.00M
Revenue Q/Q -14.25%
Revenue Y/Y -7.76%
P/E ratio 13.94
EV/Sales 0.32
EV/EBITDA 7.46
EV/EBIT 11.35
P/S ratio 0.25
P/B ratio 1.59
Book/Share 32.87
Cash/Share 10.61
EPS $3.76
ROA 3.50%
ROE 12.18%
Debt/Equity 2.53
Net debt/EBITDA 7.12
Current ratio 0.99
Quick ratio 0.54