ATEK

ATEK's employees fell 6.48% yoy to 274 in 2018

By Helgi Analytics - September 19, 2020

ATEK employed 274 employees in 2018, down 6.48% compared to the previous year. Historically, between 2007 and 2018, ...

ATEK's Net Margin fell 89.1% yoy to 0.509% in 2018

By Helgi Analytics - September 19, 2020

ATEK made a net profit of CZK 3.68 mil with revenues of CZK 724 mil in 2018, down by 88.1% and up by 8.77%, respectively, co...

ATEK's Net Debt/EBITDA rose 5.64% yoy to 4.23 in 2018

By Helgi Analytics - September 19, 2020

ATEK's net debt stood at CZK 318 mil and accounted for 79.1% of equity at the end of 2018. The ratio is up 1.08 pp c...

Profit Statement 2016 2017 2018
Sales CZK mil 824 666 724
Gross Profit CZK mil 507 399 426
EBITDA CZK mil 134 77.7 75.2
EBIT CZK mil 100 32.2 26.9
Financing Cost CZK mil 10.4 11.7 11.0
Pre-Tax Profit CZK mil 87.8 37.2 6.49
Net Profit CZK mil 71.2 31.0 3.68
Dividends CZK mil 5.00 0 ...
Balance Sheet 2016 2017 2018
Total Assets CZK mil 923 993 1,177
Non-Current Assets CZK mil 538 542 580
Current Assets CZK mil 380 448 596
Working Capital CZK mil 250 314 302
Shareholders' Equity CZK mil 373 399 402
Liabilities CZK mil 550 595 775
Total Debt CZK mil 345 381 397
Net Debt CZK mil 286 311 318
Ratios 2016 2017 2018
ROE % 21.0 8.04 0.919
ROCE % 9.87 3.77 0.424
Gross Margin % 61.5 60.0 58.9
EBITDA Margin % 16.3 11.7 10.4
EBIT Margin % 12.1 4.84 3.71
Net Margin % 8.64 4.66 0.509
Net Debt/EBITDA 2.14 4.00 4.23
Net Debt/Equity % 76.9 78.0 79.1
Cost of Financing % 3.24 3.22 2.84
Cash Flow 2016 2017 2018
Total Cash From Operations CZK mil 86.6 30.7 86.2
Total Cash From Investing CZK mil -168 -54.4 -82.7
Total Cash From Financing CZK mil 66.9 35.7 4.47
Net Change In Cash CZK mil -14.2 12.0 7.93
Cash Conversion Cycle days 180 254 172
Cash Earnings CZK mil 105 76.5 52.0
Free Cash Flow CZK mil -81.1 -23.7 3.46

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overview Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                        
Sales CZK mil           398 514 616 773 824    
Gross Profit CZK mil           183 203 286 462 507    
EBIT CZK mil           56.7 48.8 93.1 79.7 100    
Net Profit CZK mil           42.2 32.9 70.3 60.9 71.2    
                           
ROE %           29.9 18.4 30.5 21.3 21.0    
EBIT Margin %           14.2 9.51 15.1 10.3 12.1    
Net Margin %           10.6 6.40 11.4 7.88 8.64    
Employees           240 265 239 278 261    
balance sheet                        
Total Assets CZK mil           394 413 573 815 923    
Non-Current Assets CZK mil           197 197 274 404 538    
Current Assets CZK mil           191 211 294 405 380    
                           
Shareholders' Equity CZK mil           162 195 266 306 373    
Liabilities CZK mil           232 218 308 509 550    
Non-Current Liabilities CZK mil           114 100 178 277 356    
Current Liabilities CZK mil           118 117 129 229 193    
                           
Net Debt/EBITDA           1.17 0.610 0.305 2.21 2.14    
Net Debt/Equity %           47.8 18.8 12.2 74.0 76.9    
Cost of Financing % ... ...       4.93 5.99 6.13 3.90 3.24    
cash flow                        
Total Cash From Operations CZK mil           -8.98 55.7 34.5 11.9 86.6    
Total Cash From Investing CZK mil           -26.8 -11.6 -91.0 -153 -168    
Total Cash From Financing CZK mil           31.5 -43.5 73.4 172 66.9    
Net Change In Cash CZK mil           -4.30 0.617 16.9 31.2 -14.2    
income statement Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                        
Sales CZK mil           398 514 616 773 824    
Cost of Goods & Services CZK mil           215 310 329 311 317    
Gross Profit CZK mil           183 203 286 462 507    
Staff Cost CZK mil           62.7 68.5 70.2 86.1 108    
Other Operating Cost (Income) CZK mil           53.8 74.5 110 274 265    
EBITDA CZK mil           66.6 60.3 106 102 134    
Depreciation CZK mil           9.84 11.5 13.2 22.7 33.9    
EBIT CZK mil           56.7 48.8 93.1 79.7 100    
Net Financing Cost CZK mil           5.24 8.93 6.78 4.63 12.3    
Financing Cost CZK mil ... ...       5.25 4.77 4.04 7.22 10.4    
Financing Income CZK mil ... ...       0.584 0.735 0.732 0.596 0.021    
Extraordinary Cost CZK mil           0.071 0.120 0 0.001 0    
Pre-Tax Profit CZK mil           51.4 39.8 86.3 75.1 87.8    
Tax CZK mil           9.19 6.99 16.0 14.2 16.6    
Minorities CZK mil ... ... ... ...   0 0 0 0 0    
Net Profit CZK mil           42.2 32.9 70.3 60.9 71.2    
Net Profit Avail. to Common CZK mil           42.2 32.9 70.3 60.9 71.2    
Dividends CZK mil           0 0 20.0 5.00 5.00   ...
growth rates                        
Total Revenue Growth % ...         8.32 28.9 19.8 25.6 6.61    
Staff Cost Growth % ...         11.5 9.16 2.47 22.7 25.3    
EBITDA Growth % ...         46.1 -9.39 76.2 -3.66 30.8    
EBIT Growth % ...         45.0 -13.9 90.6 -14.4 25.6    
Pre-Tax Profit Growth % ...         52.2 -22.6 117 -13.0 16.9    
Net Profit Growth % ...         55.2 -22.1 114 -13.5 17.0    
ratios                        
ROE %           29.9 18.4 30.5 21.3 21.0    
ROA %           11.4 8.15 14.3 8.77 8.19    
ROCE % ...         16.3 10.9 21.9 12.3 9.87    
Gross Margin %           45.9 39.6 46.5 59.8 61.5    
EBITDA Margin %           16.7 11.7 17.3 13.2 16.3    
EBIT Margin %           14.2 9.51 15.1 10.3 12.1    
Net Margin %           10.6 6.40 11.4 7.88 8.64    
Payout Ratio %           0 0 28.4 8.21 7.02   ...
Cost of Financing % ... ...       4.93 5.99 6.13 3.90 3.24    
Net Debt/EBITDA           1.17 0.610 0.305 2.21 2.14    
balance sheet Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                        
Cash & Cash Equivalents CZK mil           22.1 22.7 39.7 70.9 56.7    
Receivables CZK mil           52.1 91.0 99.1 190 152    
Inventories CZK mil           107 88.1 46.1 144 172    
Other ST Assets CZK mil           9.52 9.44 109 0 0    
Current Assets CZK mil           191 211 294 405 380    
Property, Plant & Equipment CZK mil           196 196 271 397 527    
LT Investments & Receivables CZK mil           < -0.001 < -0.001 < -0.001 < -0.001 1.66    
Intangible Assets CZK mil           0.600 0.819 3.27 6.65 8.64    
Goodwill CZK mil           0 0 0 0 0    
Non-Current Assets CZK mil           197 197 274 404 538    
Total Assets CZK mil           394 413 573 815 923    
                           
Trade Payables CZK mil           62.8 67.6 86.5 83.0 73.7    
Short-Term Debt CZK mil           39.5 9.75 8.08 137 106    
Other ST Liabilities CZK mil           15.9 39.3 34.6 8.67 12.7    
Current Liabilities CZK mil           118 117 129 229 193    
Long-Term Debt CZK mil           60.2 49.8 64.0 161 238    
Other LT Liabilities CZK mil           53.5 50.2 114 116 118    
Non-Current Liabilities CZK mil           114 100 178 277 356    
Liabilities CZK mil           232 218 308 509 550    
Equity Before Minority Interest CZK mil           162 195 266 306 373    
Minority Interest CZK mil           0 0 0 0 0    
Equity CZK mil           162 195 266 306 373    
growth rates                        
Total Asset Growth % ...         14.8 4.70 38.9 42.2 13.2    
Shareholders' Equity Growth % ...         35.2 20.3 36.0 15.4 21.6    
Net Debt Growth % ...         -10.6 -52.6 -11.9 600 26.3    
Total Debt Growth % ...         -11.9 -40.3 21.1 313 15.8    
ratios                        
Total Debt CZK mil           99.7 59.5 72.1 298 345    
Net Debt CZK mil           77.6 36.8 32.4 227 286    
Working Capital CZK mil           96.3 112 58.7 251 250    
Capital Employed CZK mil           293 308 333 655 787    
Net Debt/Equity %           47.8 18.8 12.2 74.0 76.9    
Current Ratio           1.61 1.81 2.28 1.77 1.97    
Quick Ratio           0.628 0.975 1.07 1.14 1.08    
cash flow Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
cash flow                        
Net Profit CZK mil           42.2 32.9 70.3 60.9 71.2    
Depreciation CZK mil           9.84 11.5 13.2 22.7 33.9    
Non-Cash Items CZK mil           -9.35 26.6 -102 121 -20.0    
Change in Working Capital CZK mil           -51.7 -15.2 52.9 -193 1.55    
Total Cash From Operations CZK mil           -8.98 55.7 34.5 11.9 86.6    
                           
Capital Expenditures CZK mil           -28.5 -11.6 -91.0 -153 -168    
Other Investing Activities CZK mil           1.71 0 0.020 0.111 0.576    
Total Cash From Investing CZK mil           -26.8 -11.6 -91.0 -153 -168    
                           
Dividends Paid CZK mil           0 0 0 -20.0 -5.00    
Issuance Of Shares CZK mil           0 0 0 0 0    
Issuance Of Debt CZK mil ...         -13.4 -40.2 12.6 226 47.1    
Other Financing Activities CZK mil ...         71.8 8.33 152 119 193    
Total Cash From Financing CZK mil           31.5 -43.5 73.4 172 66.9    
Net Change In Cash CZK mil           -4.30 0.617 16.9 31.2 -14.2    
ratios                        
Days Sales Outstanding days           47.7 64.6 58.7 89.9 67.2    
Days Sales Of Inventory days           181 104 51.1 169 197    
Days Payable Outstanding days           106 79.5 95.9 97.5 84.8    
Cash Conversion Cycle days           123 88.8 13.9 161 180    
Cash Earnings CZK mil           52.1 44.4 83.5 83.6 105    
Free Cash Flow CZK mil           -35.8 44.1 -56.4 -141 -81.1    
Capital Expenditures (As % of Sales) %           7.16 2.26 14.8 19.8 20.4    
other ratios Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
                         
Employees           240 265 239 278 261    
Cost Per Employee USD per month           1,114 1,101 1,145 1,081 1,365    
Cost Per Employee (Local Currency) CZK per month           21,784 21,536 24,469 25,814 34,445    
Staff Cost (As % of Sales) %           15.7 13.3 11.4 11.1 13.1    
Effective Tax Rate %           17.9 17.6 18.5 18.9 18.9    
Total Revenue Growth (5-year average) % ... ... ... ... ... 28.3 15.4 16.7 19.6 17.5    
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ...    

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ATEK's ROCE fell 88.8% yoy to 0.424% in 2018

By Helgi Analytics - September 19, 2020

ATEK made a net profit of CZK 3.68 mil in 2018, down 88.1% compared to the previous year. Historically, between 2007 and 2018, the company's net profit reached a high of CZK 71.2 mil in 2016 and a low of CZK 3.68 mil in 2018. The result implies a return o...

ATEK's Capital Expenditures fell 48.0% yoy to CZK 84.1 mil in 2018

By Helgi Analytics - September 19, 2020

ATEK invested a total of CZK 84.1 mil in 2018, up 48% compared to the previous year. Historically, between 2007 - 2018, the company's investments stood at a high of CZK 168 mil in 2016 and a low of CZK 1.39 mil in 2008. As a percentag...

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ATEK s.r.o. is a Czech Republic-based company involved in the production of plastic and rubber products and the assembly of complicated units, especially for the automotive industry.

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Finance

ATEK has been growing its sales by 7.10% a year on average in the last 5 years. EBITDA has grown on average by 4.52% a year during that time to total of CZK 75.2 mil in 2018, or 10.4% of sales. That’s compared to 13.8% average margin seen in last five years.

The company netted CZK 3.68 mil in 2018 implying ROE of 0.919% and ROCE of 0.424%. Again, the average figures were 16.3% and 9.67%, respectively when looking at the previous 5 years.

ATEK’s net debt amounted to CZK 318 mil at the end of 2018, or 79.1% of equity. When compared to EBITDA, net debt was 4.23x, up when compared to average of 2.58x seen in the last 5 years.