États financiers détaillés de Park-Ohio Holdings Corp. (PKOH): compte de résultat, bilan et tableau de flux de trésorerie. Suivez l'évolution des marges, de la dette, de la liquidité et de la rentabilité d'une année sur l'autre avec jusqu'à 20 ans d'historique.
Résumé de l'Analyse
Park-Ohio Holdings Corp. a enregistré un chiffre d'affaires de $1.60B sur le dernier exercice, avec un CAGR sur 5 ans de 6.8%.
Marges des 12 derniers mois: marge brute 17.3%, marge opérationnelle 5.2%, marge nette 1.6%. Le free cash flow a progressé à un CAGR de -52.9% sur 5 ans.
Au prix actuel de $45.07, PKOH se négocie à un PER de 22.88 et un ROE de 7.15%. La capitalisation boursière s'établit à $649M.
Compte de Résultat (10 ans)
| Année | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Revenus | $1.28B | $1.41B | $1.66B | $1.62B | $1.15B | $1.28B | $1.49B | $1.66B | $1.66B | $1.60B |
| Coût des Ventes | $1.07B | $1.18B | $1.39B | $1.36B | $986.8M | $1.10B | $1.28B | $1.39B | $1.37B | $1.33B |
| Marge Brute | $203.0M | $234.6M | $271.5M | $260.3M | $165.3M | $177.9M | $210.5M | $271.4M | $281.4M | $271.2M |
| R&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Frais Généraux | $129.8M | $147.7M | $176.1M | $177.2M | $140.2M | $155.9M | $162.2M | $181.5M | $187.4M | $189.6M |
| Charges Opérationnelles | $129.8M | $147.7M | $176.1M | $177.2M | $146.8M | $161.6M | $177.1M | $187.3M | $194.8M | $189.6M |
| Résultat Opérationnel | $69.2M | $90.2M | $97.3M | $83.1M | $18.5M | $16.3M | $33.4M | $84.1M | $86.6M | $81.6M |
| EBITDA | $102.7M | $110.7M | $142.4M | $122.9M | $54.0M | $56.8M | $74.7M | $118.3M | $125.4M | $104.3M |
| Charges d'Intérêt | $28.2M | $31.5M | $34.3M | $33.8M | $27.6M | $27.1M | $33.8M | $45.1M | $47.4M | $47.5M |
| Résultat Avant Impôts | $41.0M | $47.7M | $71.8M | $54.9M | -$1.8M | -$1.1M | $10.7M | $41.5M | $44.4M | $23.8M |
| Impôts | $8.8M | $18.2M | $16.6M | $15.2M | -$1.3M | -$1.0M | -$700000 | $8.5M | $4.9M | $2.8M |
| Résultat Net | $31.7M | $28.6M | $53.6M | $38.6M | -$4.5M | -$24.8M | -$14.2M | $7.8M | $31.8M | $24.8M |
| BPA | $2.62 | $2.34 | $4.37 | $3.16 | $-0.40 | $-2.12 | $-1.16 | $0.63 | $3.27 | $1.72 |
| BPA Dilué | $2.58 | $2.30 | $4.29 | $3.12 | $-0.40 | $-2.12 | $-1.16 | $0.62 | $3.19 | $1.70 |
| Actions en Circulation (Diluées) | $12.3M | $12.5M | $12.5M | $12.4M | $12.1M | $12.3M | $12.2M | $12.5M | $13.2M | $14.0M |
Compte de Résultat (Trimestriel)
| Année | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Revenus | $398.6M | $395.0M | $421.0M | $440.1M |
| Marge Brute | $66.6M | $68.3M | $72.7M | $78.9M |
| Résultat Opérationnel | $20.1M | $20.2M | $21.0M | $24.5M |
| EBITDA | $25.3M | $19.9M | $30.1M | $35.1M |
| Résultat Net | $5.5M | $1.5M | $8.2M | $12.1M |
| BPA | $0.40 | $0.11 | $0.59 | $0.87 |
| BPA Dilué | $0.39 | $0.07 | $0.58 | $0.86 |
Bilan (10 ans)
| Année | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Trésorerie | $64.3M | $82.8M | $55.7M | $56.0M | $55.0M | $54.1M | $58.2M | $54.8M | $53.1M | $44.8M |
| Placements à Court Terme | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Créances | $194.4M | $287.1M | $330.7M | $323.0M | $305.0M | $278.6M | $271.3M | $263.3M | $249.5M | $265.0M |
| Stocks | $240.6M | $282.8M | $317.8M | $327.2M | $310.9M | $352.4M | $406.5M | $411.1M | $422.9M | $420.9M |
| Actifs Courants | $552.7M | $669.6M | $720.6M | $725.7M | $706.4M | $775.5M | $932.4M | $824.4M | $836.0M | $852.5M |
| Immobilisations Corporelles | $167.1M | $177.0M | $219.4M | $301.9M | $305.2M | $235.6M | $235.8M | $229.6M | $223.2M | $239.7M |
| Goodwill | $86.6M | $100.2M | $103.4M | $108.4M | $110.9M | $106.0M | $108.9M | $110.2M | $111.7M | $115.8M |
| Actifs Incorporels | $96.6M | $99.5M | $95.3M | $90.6M | $86.8M | $81.7M | $78.7M | $73.3M | $71.9M | $69.2M |
| Actifs Totaux | $974.3M | $1.13B | $1.21B | $1.31B | $1.30B | $1.36B | $1.44B | $1.34B | $1.37B | $1.42B |
| Dettes Fournisseurs | $133.6M | $173.7M | $177.8M | $175.0M | $166.7M | $178.3M | $221.0M | $204.0M | $194.8M | $199.8M |
| Dette à Court Terme | $30.8M | $17.7M | $17.9M | $9.8M | $4.5M | $6.3M | $10.9M | $9.4M | $8.4M | $8.3M |
| Passifs Courants | $241.9M | $276.1M | $298.9M | $305.0M | $307.1M | $349.0M | $448.6M | $363.6M | $361.1M | $366.6M |
| Dette à Long Terme | $439.0M | $515.5M | $547.5M | $535.0M | $506.2M | $586.9M | $655.1M | $633.4M | $618.3M | $607.3M |
| Passifs Totaux | $738.3M | $844.5M | $895.9M | $960.8M | $942.6M | $1.04B | $1.17B | $1.05B | $1.03B | $1.04B |
| Réserves | $193.6M | $216.1M | $265.9M | $298.2M | $290.5M | $259.4M | $238.8M | $240.1M | $265.2M | $281.8M |
| Capitaux Propres | $226.0M | $276.0M | $299.0M | $335.6M | $344.2M | $314.1M | $256.5M | $280.4M | $330.8M | $382.8M |
| Dette Totale | $469.8M | $533.2M | $565.4M | $627.5M | $599.0M | $649.7M | $720.9M | $687.8M | $667.2M | $670.3M |
| Dette Nette | $405.5M | $450.4M | $509.7M | $571.5M | $544.0M | $595.6M | $662.7M | $633.0M | $614.1M | $625.5M |
| Fonds de Roulement | $310.8M | $393.5M | $421.7M | $420.7M | $399.3M | $426.5M | $483.8M | $460.8M | $474.9M | $485.9M |
Bilan (Trimestriel)
| Année | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Trésorerie | $50.8M | $44.8M | $46.7M | $48.3M |
| Actifs Totaux | $1.44B | $1.42B | $1.44B | $1.47B |
| Passifs Totaux | $1.06B | $1.04B | $1.06B | $1.08B |
| Capitaux Propres | $374.8M | $382.8M | $379.4M | $391.1M |
| Dette Totale | $709.9M | $670.3M | $691.3M | $704.0M |
Tableau de Flux (10 ans)
| Année | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Résultat Net | $32.2M | $29.5M | $55.2M | $39.7M | -$4.8M | $1.1M | -$14.2M | $33.0M | $31.8M | $24.8M |
| Amortissements | $29.5M | $31.5M | $36.3M | $34.2M | $35.8M | $30.8M | $30.2M | $31.7M | $33.6M | $33.0M |
| Stock-based Compensation | $10.6M | $8.6M | $8.3M | $4.1M | $6.1M | 0 | $7.2M | $6.5M | $5.6M | 0 |
| Variation du BFR | -$6.2M | -$36.4M | -$44.0M | -$15.7M | $26.0M | -$28.9M | -$97.8M | -$9.8M | -$23.9M | -$14.2M |
| Cash Flow Opérationnel | $72.9M | $46.7M | $54.8M | $63.7M | $69.3M | -$43.3M | -$27.6M | $50.5M | $29.8M | $41.3M |
| CapEx | -$28.5M | -$27.9M | -$45.1M | -$40.1M | -$26.3M | -$22.3M | -$26.9M | -$28.2M | -$31.4M | -$40.3M |
| Acquisitions | -$23.4M | -$39.7M | -$46.9M | -$8.1M | $1.4M | $14.9M | -$23.3M | -$1.2M | -$11.0M | 0 |
| Rachat d'Actions | -$1.9M | -$4.2M | -$9.0M | -$900000 | -$7.5M | -$2.5M | -$1.6M | 0 | -$2.6M | 0 |
| Dividendes Payés | -$6.2M | -$6.9M | -$6.4M | -$7.0M | -$3.2M | -$7.0M | -$6.4M | -$7.4M | -$6.7M | -$7.8M |
| Free Cash Flow | $44.4M | $18.8M | $9.7M | $23.6M | $43.0M | -$65.6M | -$54.5M | $22.3M | -$1.6M | $1.0M |
Tableau de Flux (Trimestriel)
| Année | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Cash Flow Opérationnel | $17.1M | $48.2M | -$7.9M | $9.2M |
| CapEx | -$10.7M | -$12.7M | -$12.5M | -$11.0M |
| Free Cash Flow | $6.4M | $35.5M | -$20.4M | -$1.8M |
| Dividendes Payés | -$2.4M | -$1.8M | -$1.8M | -$1.8M |
| Stock-based Compensation | 0 | 0 | 0 | $1.4M |
Croissance et Marges (10 ans)
| Année | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Croissance Revenus (annuelle) | | +10.7% | +17.4% | -2.4% | -28.8% | +10.8% | +16.9% | +11.2% | -0.2% | -3.4% |
| Croissance Résultat Net (annuelle) | | -9.8% | +87.4% | -28.0% | -111.7% | -451.1% | +42.7% | +154.9% | +307.7% | -22.0% |
| Croissance BPA (annuelle) | | -10.7% | +86.8% | -27.7% | -112.7% | -430.0% | +45.3% | +154.3% | +419.0% | -47.4% |
| Variation Actions (annuelle) | | +1.6% | +0.1% | -1.0% | -2.6% | +1.7% | -0.6% | +2.6% | +5.8% | +5.7% |
| Croissance FCF (annuelle) | | -57.7% | -48.4% | +143.3% | +82.2% | -252.6% | +16.9% | +140.9% | -107.2% | +162.5% |
| Marge Brute | 15.9% | 16.6% | 16.4% | 16.1% | 14.3% | 13.9% | 14.1% | 16.4% | 17.0% | 17.0% |
| Marge Opérationnelle | 5.4% | 6.4% | 5.9% | 5.1% | 1.6% | 1.3% | 2.2% | 5.1% | 5.2% | 5.1% |
| Marge EBITDA | 8.0% | 7.8% | 8.6% | 7.6% | 4.7% | 4.4% | 5.0% | 7.1% | 7.6% | 6.5% |
| Marge Nette | 2.5% | 2.0% | 3.2% | 2.4% | -0.4% | -1.9% | -1.0% | 0.5% | 1.9% | 1.6% |
| Marge FCF | 3.5% | 1.3% | 0.6% | 1.5% | 3.7% | -5.1% | -3.7% | 1.3% | -0.1% | 0.1% |
| Taux d'Imposition Effectif | 21.5% | 38.2% | 23.1% | 27.7% | 72.2% | 90.9% | -6.5% | 20.5% | 11.0% | 11.8% |
Données par Action (10 ans)
| Année | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF par Action | $3.61 | $1.50 | $0.78 | $1.91 | $3.57 | $-5.35 | $-4.47 | $1.78 | $-0.12 | $0.07 |
| Dividende par Action | $0.50 | $0.55 | $0.51 | $0.57 | $0.27 | $0.57 | $0.52 | $0.59 | $0.51 | $0.56 |
| Actions en Circulation (Basiques) | $12.1M | $12.2M | $12.3M | $12.2M | $12.1M | $12.3M | $12.2M | $12.3M | $12.9M | $13.8M |
Quoi regarder en Industriels
Aéronautique, défense, machines, transport. Semi-cycliques. Clé : carnet, marges opérationnelles, et conversion du FCF.
- Croissance revenus 5 ans — Sans croissance, pas de création de valeur à long terme
- Marge opérationnelle — Le meilleur indicateur de discipline opérationnelle en industrie
- ROIC — Les industriels de qualité ont un ROIC >15% — les autres détruisent du capital
- FCF conversion — FCF / Net Income — en industrie bon >85%
- Dette nette / EBITDA — Industriels cycliques très endettés souffrent en récession
- Capex / Revenus — Maintenir l'outil. <4% = sous-investissement possible (déclin futur)
- Altman Z-Score — Modèle de faillite (NYU 1968) — combine liquidité, levier et rentabilité. Clé en cycliques
Rentabilité
| Rentabilité des capitaux propres | 7.15% |
| Rentabilité du capital investi | 6.82% |
| Rentabilité des actifs | 1.86% |
| Marge brute | 17.31% |
| Marge opérationnelle | 5.19% |
| Marge nette | 1.65% |
Santé financière
| Dette / Capitaux propres | 1.80 |
| Ratio de liquidité | 2.40 |
Ratios Clés (10 ans)
| Année | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| PER | 16.26 | 19.64 | 7.02 | 10.65 | -77.25 | -9.99 | -10.54 | 42.79 | 8.03 | 12.17 |
| P/B | 2.28 | 2.03 | 1.26 | 1.23 | 1.08 | 0.83 | 0.58 | 1.18 | 1.02 | 0.75 |
| P/V | 0.40 | 0.40 | 0.23 | 0.25 | 0.32 | 0.20 | 0.10 | 0.20 | 0.20 | 0.18 |
| Marge Brute | 15.9% | 16.6% | 16.4% | 16.1% | 14.3% | 13.9% | 14.1% | 16.4% | 17.0% | 17.0% |
| Marge Opérationnelle | 5.4% | 6.4% | 5.9% | 5.1% | 1.6% | 1.3% | 2.2% | 5.1% | 5.2% | 5.1% |
| Marge Nette | 2.5% | 2.0% | 3.2% | 2.4% | -0.4% | -1.9% | -1.0% | 0.5% | 1.9% | 1.6% |