Foraco International SA (T:FAR)
Business Focus: Mining Support Services
| Sector: Basic Materials | Industry: Mining Support Services & Equipment |
| Company Contact | |
| Address: | 26 Plage de l'Estaque MARSEILLE 13016 |
| Tel: | N/A |
| Website: | https://foraco.com |
| IR: | See website |
| Key People | ||
| Daniel Simoncini Chairman of the Board | Timothy Bremner Chief Executive Officer | Fabien Sevestre Chief Financial Officer |
| Olivier Demesy Senior Vice President, South America, Europe and Africa | Laurence Mahieux General Counsel | |
| Business Overview |
| Foraco International S.A. is a France-based company engaged in the mining, geological and hydraulic drilling sectors. The Company's principle business consists of drilling contracts for companies primarily involved in mining and water exploration. The Company operates in two business segments: Mining and Water. The Mining segment covers drilling services offered to the mining and energy industry during the exploration, development and production phases of mining projects. The Water segment covers all activities linked to the construction of water wells leading to the supply of drinking water, the collection of mineral water, as well as the control, maintenance and renovation of the existing installations. The Water segment also includes drilling services offered to the environmental and construction industry, such as geological exploration and geotechnical drilling. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Foraco International SA revenues increased 12% to $370.1M. Net income applicable to common stockholders increased 45% to $28.7M. Revenues reflect Mining segment increase of 12% to $321.7M, Water segment increase of 9% to $48.4M, South America segment increase of 26% to $131.9M, Asia Pacific segment increase of 28% to $68.4M, North America segment increase of 14% to $119.2M. |
| Employees: | 2,756 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $407.24M as of Dec 31, 2023 |
| Annual revenue (TTM): | $509.43M as of Dec 31, 2023 |
| EBITDA (TTM): | $118.72M as of Dec 31, 2023 |
| Net annual income (TTM): | $39.52M as of Dec 31, 2023 |
| Free cash flow (TTM): | $40.03M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $89.75M as of Dec 31, 2023 |
| Shares outstanding: | 98,625,317 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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