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ATEK's net profit rose 1,613% yoy to CZK 63.1 mil in 2019

By Helgi Analytics - November 30, 2020

ATEK made a net profit of CZK 63.1 mil with revenues of CZK 988 mil in 2019, up by 1% and up by 36.5%, respectively...

ATEK's employees rose 6.57% yoy to 292 in 2019

By Helgi Analytics - November 30, 2020

ATEK employed 292 employees in 2019, up 6.57% compared to the previous year. Historically, between 2007 and 2019, t...

ATEK's Net Margin rose 1,155% yoy to 6.38% in 2019

By Helgi Analytics - November 30, 2020

ATEK made a net profit of CZK 63.1 mil with revenues of CZK 988 mil in 2019, up by 1.00% and up by 36.5%, respectively, comp...

Profit Statement 2017 2018 2019
Sales CZK mil 666 724 988
Gross Profit CZK mil 196 208 339
EBITDA CZK mil 77.7 75.2 144
EBIT CZK mil 32.2 26.9 88.8
Financing Cost CZK mil 11.7 11.0 12.3
Pre-Tax Profit CZK mil 37.2 6.49 79.8
Net Profit CZK mil 31.0 3.68 63.1
Dividends CZK mil 0 3.00 ...
Balance Sheet 2017 2018 2019
Total Assets CZK mil 993 1,177 1,331
Non-Current Assets CZK mil 542 580 623
Current Assets CZK mil 448 596 695
Working Capital CZK mil 314 302 463
Shareholders' Equity CZK mil 399 402 462
Liabilities CZK mil 595 775 869
Total Debt CZK mil 381 397 412
Net Debt CZK mil 311 318 396
Ratios 2017 2018 2019
ROE % 8.04 0.919 14.6
ROCE % 3.77 0.424 6.41
Gross Margin % 29.4 28.8 34.3
EBITDA Margin % 11.7 10.4 14.6
EBIT Margin % 4.84 3.71 8.98
Net Margin % 4.66 0.509 6.38
Net Debt/EBITDA 4.00 4.23 2.74
Net Debt/Equity % 78.0 79.1 85.6
Cost of Financing % 3.22 2.84 3.05
Cash Flow 2017 2018 2019
Total Cash From Operations CZK mil 30.7 88.7 -31.9
Total Cash From Investing CZK mil -54.4 -86.4 -101
Total Cash From Financing CZK mil 35.7 5.64 71.4
Net Change In Cash CZK mil 12.0 7.93 -61.0
Cash Conversion Cycle days 195 158 217
Cash Earnings CZK mil 76.5 52.0 119
Free Cash Flow CZK mil -23.7 2.30 -132

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overview Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                          
Sales CZK mil             425 527 764 824 666    
Gross Profit CZK mil             134 141 183 238 196    
EBIT CZK mil             48.8 93.1 79.7 100 32.2    
Net Profit CZK mil             32.9 70.3 60.9 71.2 31.0    
                             
ROE %             18.4 30.5 21.3 21.0 8.04    
EBIT Margin %             11.5 17.7 10.4 12.1 4.84    
Net Margin %             7.73 13.3 7.97 8.64 4.66    
Employees             265 239 278 261 293    
balance sheet                          
Total Assets CZK mil             413 573 815 923 993    
Non-Current Assets CZK mil             197 274 404 538 542    
Current Assets CZK mil             211 294 405 380 448    
                             
Shareholders' Equity CZK mil             195 266 306 373 399    
Liabilities CZK mil             218 308 509 550 595    
Non-Current Liabilities CZK mil             100 178 277 356 359    
Current Liabilities CZK mil             117 129 229 193 235    
                             
Net Debt/EBITDA             0.610 0.305 2.21 2.14 4.00    
Net Debt/Equity %             18.8 12.2 74.0 76.9 78.0    
Cost of Financing % ... ...         5.99 6.13 3.90 3.24 3.22    
cash flow                          
Total Cash From Operations CZK mil             55.7 34.5 11.9 86.6 30.7    
Total Cash From Investing CZK mil             -11.6 -91.0 -153 -168 -54.4    
Total Cash From Financing CZK mil             -43.5 73.4 172 66.9 35.7    
Net Change In Cash CZK mil             0.617 16.9 31.2 -14.2 12.0    
income statement Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                          
Sales CZK mil             425 527 764 824 666    
Cost of Goods & Services CZK mil             291 385 581 586 470    
Gross Profit CZK mil             134 141 183 238 196    
Staff Cost CZK mil             68.5 70.2 86.1 108 122    
Other Operating Cost (Income) CZK mil             5.26 -35.0 -5.71 -3.38 -3.84    
EBITDA CZK mil             60.3 106 102 134 77.7    
Depreciation CZK mil             11.5 13.2 22.7 33.9 45.5    
EBIT CZK mil             48.8 93.1 79.7 100 32.2    
Net Financing Cost CZK mil             8.93 6.78 4.63 12.3 -4.95    
Financing Cost CZK mil ... ...         4.77 4.04 7.22 10.4 11.7    
Financing Income CZK mil ... ...         0.735 0.732 0.596 0.021 0.021   ...
Extraordinary Cost CZK mil             0.120 0 0.001 0 0    
Pre-Tax Profit CZK mil             39.8 86.3 75.1 87.8 37.2    
Tax CZK mil             6.99 16.0 14.2 16.6 6.16    
Minorities CZK mil ... ... ... ...     0 0 0 0 0    
Net Profit CZK mil             32.9 70.3 60.9 71.2 31.0    
Net Profit Avail. to Common CZK mil             32.9 70.3 60.9 71.2 31.0    
Dividends CZK mil             0 20.0 5.00 5.00 0   ...
growth rates                          
Total Revenue Growth % ...           12.7 23.9 45.0 7.89 -19.2    
Staff Cost Growth % ...           9.16 2.47 22.7 25.3 13.2    
EBITDA Growth % ...           -9.39 76.2 -3.66 30.8 -42.0    
EBIT Growth % ...           -13.9 90.6 -14.4 25.6 -67.8    
Pre-Tax Profit Growth % ...           -22.6 117 -13.0 16.9 -57.7    
Net Profit Growth % ...           -22.1 114 -13.5 17.0 -56.5    
ratios                          
ROE %             18.4 30.5 21.3 21.0 8.04    
ROA %             8.15 14.3 8.77 8.19 3.23    
ROCE % ...           10.9 21.9 12.3 9.87 3.77    
Gross Margin %             31.5 26.8 23.9 28.9 29.4    
EBITDA Margin %             14.2 20.2 13.4 16.3 11.7    
EBIT Margin %             11.5 17.7 10.4 12.1 4.84    
Net Margin %             7.73 13.3 7.97 8.64 4.66    
Payout Ratio %             0 28.4 8.21 7.02 0   ...
Cost of Financing % ... ...         5.99 6.13 3.90 3.24 3.22    
Net Debt/EBITDA             0.610 0.305 2.21 2.14 4.00    
balance sheet Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                          
Cash & Cash Equivalents CZK mil             22.7 39.7 70.9 56.7 68.7    
Receivables CZK mil             91.0 99.1 190 152 215    
Inventories CZK mil             88.1 46.1 144 172 164    
Other ST Assets CZK mil             9.44 109 0 0 0    
Current Assets CZK mil             211 294 405 380 448    
Property, Plant & Equipment CZK mil             196 271 397 527 534    
LT Investments & Receivables CZK mil             < -0.001 < -0.001 < -0.001 1.66 1.71    
Intangible Assets CZK mil             0.819 3.27 6.65 8.64 6.32    
Goodwill CZK mil             0 0 0 0 0    
Non-Current Assets CZK mil             197 274 404 538 542    
Total Assets CZK mil             413 573 815 923 993    
                             
Trade Payables CZK mil             67.6 86.5 83.0 73.7 65.0    
Short-Term Debt CZK mil             9.75 8.08 137 106 150    
Other ST Liabilities CZK mil             39.3 34.6 8.67 12.7 19.9    
Current Liabilities CZK mil             117 129 229 193 235    
Long-Term Debt CZK mil             49.8 64.0 161 238 232    
Other LT Liabilities CZK mil             50.2 114 116 118 128    
Non-Current Liabilities CZK mil             100 178 277 356 359    
Liabilities CZK mil             218 308 509 550 595    
Equity Before Minority Interest CZK mil             195 266 306 373 399    
Minority Interest CZK mil             0 0 0 0 0    
Equity CZK mil             195 266 306 373 399    
growth rates                          
Total Asset Growth % ...           4.70 38.9 42.2 13.2 7.60    
Shareholders' Equity Growth % ...           20.3 36.0 15.4 21.6 6.98    
Net Debt Growth % ...           -52.6 -11.9 600 26.3 8.56    
Total Debt Growth % ...           -40.3 21.1 313 15.8 10.6    
ratios                          
Total Debt CZK mil             59.5 72.1 298 345 381    
Net Debt CZK mil             36.8 32.4 227 286 311    
Working Capital CZK mil             112 58.7 251 250 314    
Capital Employed CZK mil             308 333 655 787 856    
Net Debt/Equity %             18.8 12.2 74.0 76.9 78.0    
Current Ratio             1.81 2.28 1.77 1.97 1.91    
Quick Ratio             0.975 1.07 1.14 1.08 1.21    
cash flow Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
cash flow                          
Net Profit CZK mil             32.9 70.3 60.9 71.2 31.0    
Depreciation CZK mil             11.5 13.2 22.7 33.9 45.5    
Non-Cash Items CZK mil             26.6 -102 121 -20.0 18.5    
Change in Working Capital CZK mil             -15.2 52.9 -193 1.55 -64.2    
Total Cash From Operations CZK mil             55.7 34.5 11.9 86.6 30.7    
                             
Capital Expenditures CZK mil             -11.6 -91.0 -153 -168 -56.8    
Other Investing Activities CZK mil             0 0.020 0.111 0.576 2.44    
Total Cash From Investing CZK mil             -11.6 -91.0 -153 -168 -54.4    
                             
Dividends Paid CZK mil             0 0 -20.0 -5.00 -5.00    
Issuance Of Shares CZK mil             0 0 0 0 0    
Issuance Of Debt CZK mil ...           -40.2 12.6 226 47.1 36.6    
Other Financing Activities CZK mil ...           8.33 152 119 193 58.5    
Total Cash From Financing CZK mil             -43.5 73.4 172 66.9 35.7    
Net Change In Cash CZK mil             0.617 16.9 31.2 -14.2 12.0    
ratios                          
Days Sales Outstanding days             78.0 68.6 91.0 67.2 118    
Days Sales Of Inventory days             110 43.6 90.3 107 128    
Days Payable Outstanding days             84.7 81.9 52.1 45.9 50.5    
Cash Conversion Cycle days             104 30.4 129 128 195    
Cash Earnings CZK mil             44.4 83.5 83.6 105 76.5    
Free Cash Flow CZK mil             44.1 -56.4 -141 -81.1 -23.7    
Capital Expenditures (As % of Sales) %             2.73 17.3 20.0 20.4 8.54    
other ratios Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                           
Employees             265 239 278 261 293    
Cost Per Employee USD per month             1,101 1,145 1,081 1,365 1,480    
Cost Per Employee (Local Currency) CZK per month             21,536 24,469 25,814 34,445 34,726    
Material & Energy (As % of Sales) %             52.2 51.0 40.7 36.3 40.3    
Services (As % of Sales) %             16.3 22.2 35.4 34.7 30.3    
Staff Cost (As % of Sales) %             16.1 13.3 11.3 13.1 18.3    
Effective Tax Rate %             17.6 18.5 18.9 18.9 16.6    
Total Revenue Growth (5-year average) % ... ... ... ... ...   18.9 16.2 21.0 19.5 12.0    
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ... 20.9    

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ATEK's Capital Expenditures fell 10.1% yoy to CZK 102 mil in 2019

By Helgi Analytics - November 30, 2020

ATEK invested a total of CZK 102 mil in 2019, up 10.1% compared to the previous year. Historically, between 2007 - 2019, 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 percenta...

ATEK's ROCE rose 1,413% yoy to 6.41% in 2019

By Helgi Analytics - November 30, 2020

ATEK made a net profit of CZK 63.1 mil in 2019, up 1% compared to the previous year. Historically, between 2007 and 2019, 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 on equ...

ATEK's Net Debt/EBITDA fell 35.2% yoy to 2.74 in 2019

By Helgi Analytics - November 30, 2020

ATEK's net debt stood at CZK 396 mil and accounted for 85.6% of equity at the end of 2019. The ratio is up 6.56 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 173% in 2007 and a low of 12.2% ...

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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 13.4% a year on average in the last 5 years. EBITDA has grown on average by 6.33% a year during that time to total of CZK 144 mil in 2019, or 14.6% of sales. That’s compared to 13.3% average margin seen in last five years.

The company netted CZK 63.1 mil in 2019 implying ROE of 14.6% and ROCE of 6.41%. Again, the average figures were 13.2% and 6.56%, respectively when looking at the previous 5 years.

ATEK’s net debt amounted to CZK 396 mil at the end of 2019, or 85.6% of equity. When compared to EBITDA, net debt was 2.74x, down when compared to average of 3.06x seen in the last 5 years.