Borgis

Borgis's Cash & Cash Equivalents rose 0.633% yoy to CZK 120 mil in 2015

By Helgi Analytics - April 2, 2020

Borgis's total assets reached CZK 213 mil at the end of 2015, down 7.93% compared to the previous year. Current as...

Profit Statement 2013 2014 2015
Sales CZK mil 667 652 641
Gross Profit CZK mil 278 276 295
EBITDA CZK mil 35.7 26.9 37.3
EBIT CZK mil 16.8 11.9 25.6
Financing Cost CZK mil 1.21 1.06 1.01
Pre-Tax Profit CZK mil 15.6 10.9 24.6
Net Profit CZK mil 15.6 9.52 19.4
Balance Sheet 2013 2014 2015
Total Assets CZK mil 259 232 213
Non-Current Assets CZK mil 52.3 38.9 29.3
Current Assets CZK mil 199 184 179
Working Capital CZK mil 57.7 41.7 43.0
Shareholders' Equity CZK mil 165 140 119
Liabilities CZK mil 93.7 92.0 94.3
Total Debt CZK mil 0.034 0.034 0.251
Net Debt CZK mil -109 -119 -120
Ratios 2013 2014 2015
ROE % 9.89 6.25 15.0
ROCE % 12.7 9.99 25.4
Gross Margin % 41.7 42.3 46.1
EBITDA Margin % 5.35 4.12 5.82
EBIT Margin % 2.51 1.83 3.99
Net Margin % 2.33 1.46 3.03
Net Debt/EBITDA -3.05 -4.44 -3.21
Net Debt/Equity -0.660 -0.854 -1.01
Cost of Financing % 7,124 3,121 705
Cash Flow 2013 2014 2015
Total Cash From Operations CZK mil 45.9 46.7 39.7
Total Cash From Investing CZK mil -11.4 -1.48 -2.09
Total Cash From Financing CZK mil 0.034 -34.9 -39.9
Net Change In Cash CZK mil 34.5 10.3 -2.25
Cash Conversion Cycle days 23.7 17.0 19.9
Cash Earnings CZK mil 34.5 24.4 31.1
Free Cash Flow CZK mil 34.5 45.2 37.6

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summary Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015
income statement                  
Sales CZK mil     751 768 721 702 667    
Gross Profit CZK mil     247 306 271 280 278    
EBIT CZK mil     -58.8 18.1 -11.5 -8.60 16.8    
Net Profit CZK mil     -53.3 16.7 -12.6 -9.97 15.6    
ROE %     -29.3 10.2 -7.61 -6.46 9.89    
EBIT Margin %     -7.82 2.36 -1.59 -1.22 2.51    
Net Margin %     -7.09 2.17 -1.75 -1.42 2.33    
Employees     369 362 360 345 341    
balance sheet                  
Total Assets CZK mil     268 285 262 246 259    
Non-Current Assets CZK mil     96.8 77.0 75.2 59.8 52.3    
Current Assets CZK mil     164 203 181 180 199    
Shareholders' Equity CZK mil     155 172 159 149 165    
Liabilities CZK mil     113 113 103 96.6 93.7    
Non-Current Liabilities CZK mil     0 0 0 0 0.034    
Current Liabilities CZK mil     55.6 60.8 51.1 49.2 50.5    
Net Debt/EBITDA     4.15 -2.61 -7.47 -6.45 -3.05    
Net Debt/Equity     -0.665 -0.740 -0.743 -0.497 -0.660    
Cost of Financing % ...   8.65 85.9 ... ... 7,124    
cash flow                  
Total Cash From Operations CZK mil     4.70 34.8 14.7 -39.5 45.9    
Total Cash From Investing CZK mil     -16.7 -10.8 -23.5 -5.43 -11.4    
Total Cash From Financing CZK mil     -7.80 -3.34 0 0 0.034    
Net Change In Cash CZK mil     -19.8 20.7 -8.87 -44.9 34.5    
income statement Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015
income statement                  
Sales CZK mil     751 768 721 702 667    
Cost of Goods & Services CZK mil     504 461 450 422 389    
Gross Profit CZK mil     247 306 271 280 278    
Staff Cost CZK mil     275 263 261 274 248    
Other Cost CZK mil     -3.18 -5.21 -6.12 -5.52 -4.99    
EBITDA CZK mil     -24.9 48.8 15.9 11.5 35.7    
Depreciation CZK mil     33.9 30.7 27.3 20.1 18.9    
EBIT CZK mil     -58.8 18.1 -11.5 -8.60 16.8    
Financing Cost CZK mil     0.626 1.43 1.15 1.38 1.21    
Extraordinary Cost CZK mil     0 0 0 0 0    
Pre-Tax Profit CZK mil     -59.4 16.7 -12.6 -9.97 15.6    
Tax CZK mil     -6.13 0 0 0 0    
Minorities CZK mil     0 0 0 0 0    
Net Profit CZK mil     -53.3 16.7 -12.6 -9.97 15.6    
growth rates                  
Total Revenue Growth % ...   -15.4 2.17 -6.02 -2.68 -4.98    
Operating Cost Growth % ...   24.2 -5.22 -0.835 5.10 -9.56    
EBITDA Growth % ...   -120 -296 -67.5 -27.3 210    
EBIT Growth % ...   -163 -131 -163 -25.0 -295    
Pre-Tax Profit Growth % ...   -165 -128 -176 -20.9 -256    
Net Profit Growth % ...   -172 -131 -176 -20.9 -256    
ratios                  
ROE %     -29.3 10.2 -7.61 -6.46 9.89    
ROCE % ...   -35.7 13.9 -11.2 -8.16 12.7    
Gross Margin %     32.8 39.9 37.6 39.9 41.7    
EBITDA Margin %     -3.32 6.35 2.20 1.64 5.35    
EBIT Margin %     -7.82 2.36 -1.59 -1.22 2.51    
Net Margin %     -7.09 2.17 -1.75 -1.42 2.33    
Cost of Financing % ...   8.65 85.9 ... ... 7,124    
Net Debt/EBITDA     4.15 -2.61 -7.47 -6.45 -3.05    
balance sheet Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015
balance sheet                  
Non-Current Assets CZK mil     96.8 77.0 75.2 59.8 52.3    
Property, Plant & Equipment CZK mil     95.7 75.9 74.4 58.4 51.2    
Intangible Assets CZK mil     1.08 1.13 0.867 1.41 1.10    
Current Assets CZK mil     164 203 181 180 199    
Inventories CZK mil     7.04 7.86 8.60 5.87 10.7    
Receivables CZK mil     49.0 66.3 50.4 97.4 77.8    
Cash & Cash Equivalents CZK mil     107 127 118 74.3 109    
Total Assets CZK mil     268 285 262 246 259    
Shareholders' Equity CZK mil     155 172 159 149 165    
Of Which Minority Interest CZK mil     0 0 0 0 0    
Liabilities CZK mil     113 113 103 96.6 93.7    
Non-Current Liabilities CZK mil     0 0 0 0 0.034    
Long-Term Debt CZK mil     0 0 0 0 0.034    
Deferred Tax Liabilities CZK mil     0 0 0 0 0    
Current Liabilities CZK mil     55.6 60.8 51.1 49.2 50.5    
Short-Term Debt CZK mil     3.34 0 0 0 0    
Trade Payables CZK mil     30.5 34.4 25.4 27.5 30.8    
Provisions CZK mil     0 0 0 0 0    
Equity And Liabilities CZK mil     268 285 262 246 259    
growth rates                  
Total Asset Growth % ...   -24.3 6.40 -8.01 -6.23 5.14    
Shareholders' Equity Growth % ...   -25.5 10.7 -7.33 -6.26 10.4    
Net Debt Growth % ...   -10.4 23.2 -6.97 -37.2 46.4    
Total Debt Growth % ...   -70.0 -100 ... ... ...    
ratios                  
Total Debt CZK mil     3.34 0 0 0 0.034    
Net Debt CZK mil     -103 -127 -118 -74.3 -109    
Working Capital CZK mil     25.5 39.8 33.6 75.8 57.7    
Capital Employed CZK mil     122 117 109 136 110    
Net Debt/Equity     -0.665 -0.740 -0.743 -0.497 -0.660    
Cost of Financing % ...   8.65 85.9 ... ... 7,124    
cash flow Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015
cash flow                  
Net Profit CZK mil     -53.3 16.7 -12.6 -9.97 15.6    
Depreciation CZK mil     33.9 30.7 27.3 20.1 18.9    
Non-Cash Items CZK mil ...   -12.9 1.70 -6.21 -7.51 -6.70    
Change in Working Capital CZK mil ...   37.0 -14.2 6.14 -42.1 18.1    
Total Cash From Operations CZK mil     4.70 34.8 14.7 -39.5 45.9    
Capital Expenditures CZK mil     -16.7 -10.8 -23.5 -5.43 -11.4    
Other Investments CZK mil     0 0 0 0 0    
Total Cash From Investing CZK mil     -16.7 -10.8 -23.5 -5.43 -11.4    
Issuance Of Debt CZK mil ...   -7.80 -3.34 0 0 0.034    
Total Cash From Financing CZK mil     -7.80 -3.34 0 0 0.034    
Net Change In Cash CZK mil     -19.8 20.7 -8.87 -44.9 34.5    
ratios                  
Days Sales Outstanding days     23.8 31.5 25.5 50.6 42.6    
Days Sales Of Inventory days     5.09 6.22 6.97 5.07 10.0    
Days Payable Outstanding days     22.1 27.2 20.6 23.8 28.9    
Cash Conversion Cycle days     6.82 10.5 11.9 31.9 23.7    
Cash Earnings CZK mil     -19.4 47.3 14.7 10.2 34.5    
Free Cash Flow CZK mil     -12.0 24.0 -8.87 -44.9 34.5    
other data Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015
other data                  
ROA %     -17.1 6.02 -4.60 -3.92 6.16    
Gross Margin %     32.8 39.9 37.6 39.9 41.7    
Employees     369 362 360 345 341    
Cost Per Employee USD per month     3,257 3,164 3,422 3,382 3,094    
Cost Per Employee (Local Currency) CZK per month     62,072 60,476 60,526 66,156 60,535    
Staff Cost (As % Of Total Cost) %     33.9 35.1 35.7 38.5 38.1    
Effective Tax Rate %     10.3 0 0 0 0    
Domestic Sales CZK mil     758 776 731 713 677    
Capital Expenditures (As % of Sales) %     2.22 1.41 3.26 0.773 1.71    
Revenues From Abroad CZK mil     2.90 2.06 1.60 1.64 1.35    
Revenues From Abroad (As % Of Total) %     0.386 0.269 0.221 0.234 0.202    

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Borgis a.s. is a Czech Republic-based company which publishes newspaper and supplies news for internet portal. The company was incorporated in 1990 and is based in Prague, Czech Republic.

Finance

Borgis has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 5.23% a year during that time to total of CZK 37.3 mil in 2015, or 5.82% of sales. That’s compared to 3.83% average margin seen in last five years.

The company netted CZK 19.4 mil in 2015 implying ROE of 15.0% and ROCE of 25.4%. Again, the average figures were 3.42% and 5.74%, respectively when looking at the previous 5 years.

Borgis’s net debt amounted to CZK -120 mil at the end of 2015, or -1.01 of equity. When compared to EBITDA, net debt was -3.21x, up when compared to average of -4.92x seen in the last 5 years.