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RABA Automotive Holding

RABA's Cash & Cash Equivalents rose 38.9% yoy to HUF 2,638 mil in 2017

By Helgi Library - April 2, 2020

RABA Automotive Holding's total assets reached HUF 36,438 mil at the end of 2017, up 8.76% compared to the previous year. ...

Profit Statement
Balance Sheet
Ratios
Valuation

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RABA Jarmuipari Holding Nyrt is a Hungary-based holding company engaged in the automotive industry, producing axles, automotive components and commercial vehicles. The Company's products portfolio comprises complete axles, axle parts, seats and seat parts, car and engine components, as well as other spare parts. But, the three strategic business units the company produce are axles for commercial vehicles, agri-machinery and earthmovers as well as automotive components and specialty vehicles. The Company is a Győr-based (Western-Hungary) and has plants in Mor, Eszterogom and Sarvar. The Group employs nearly 2,000 people and 70% of its production is exported, mainly to the EU, USA and the CIS. Rába is a public limited company with shares listed on the Budapest Stock Exchange

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Finance

RABA Automotive Holding has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 5.24% a year during that time to total of HUF 4,100 mil in 2017, or 9.35% of sales. That’s compared to 9.80% average margin seen in last five years.

The company netted HUF 1,569 mil in 2017 implying ROE of 8.12% and ROCE of 7.19%. Again, the average figures were 11.0% and 7.34%, respectively when looking at the previous 5 years.

RABA Automotive Holding’s net debt amounted to HUF 3,316 mil at the end of 2017, or 16.6% of equity. When compared to EBITDA, net debt was 0.809x, down when compared to average of 1.10x seen in the last 5 years.

Valuation

RABA Automotive Holding stock traded at HUF 1,233 per share at the end of 2017 resulting in a market capitalization of USD 63.6 mil. Over the previous five years, stock price grew by 42.2% or 7.30% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 5.15x and price to earnings (PE) of 10.5x as of 2017.