Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Kumulus Vape is a company focused on the distribution and sale of electronic cigarettes and vaping-related products. The primary function of Kumulus Vape is to provide a wide variety of vaping devices, e-liquids, and accessories to a diverse customer base, ranging from individual consumers to retailers. The company emphasizes quality and variety in its product offerings, catering to both beginners and experienced vaping enthusiasts by ensuring access to the latest innovations in the vaping industry. Kumulus Vape operates primarily within the consumer goods sector, specifically targeting the growing market of smoking alternatives. Its operations hold significant market relevance, especially as the global trend towards reduced tobacco use and increased popularity of vaping continues to rise. With its dedicated service and product delivery mechanisms, Kumulus Vape plays a crucial role in the transition from traditional smoking methods to more contemporary alternatives, aligning with shifts in consumer preferences and regulatory landscapes.
Operating margin is thin at 3.41%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 5.2% YoY. Margins deteriorated 2.5pp alongside, both lines moving the wrong way.
ROIC dropped from 13.21% to 6.57%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€58M
▼ -5.2% YoY
Net Income (TTM)
€995K
▼ -62.4% YoY
Op. Margin
3.41%
▼ -2.5pp YoY
ROIC
6.57%
▼ -6.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€2M
▲ +242.4% YoY
Op. Cash Flow (TTM)
€2M
▲ +328.0% YoY
Net Debt
-€3M
Net Cash Position
Cash & Equiv.
€6M
3Y CAGR: +1.0%
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