By Helgi Analytics - April 2, 2020
DEZA's total assets reached CZK 5,079 mil at the end of 2015, down 7.13% compared to the previous year. Current as...
| Profit Statement | 2013 | 2014 | 2015 | |
| Sales | CZK mil | 10,364 | 10,109 | 7,831 |
| Gross Profit | CZK mil | 1,330 | 1,256 | 1,103 |
| EBITDA | CZK mil | 728 | 673 | 563 |
| EBIT | CZK mil | 393 | 434 | 309 |
| Financing Cost | CZK mil | -207 | -307 | -294 |
| Pre-Tax Profit | CZK mil | 601 | 741 | 603 |
| Net Profit | CZK mil | 528 | 651 | 542 |
| Dividends | CZK mil | 600 | 600 | ... |
| Balance Sheet | 2013 | 2014 | 2015 | |
| Total Assets | CZK mil | 5,632 | 5,469 | 5,079 |
| Non-Current Assets | CZK mil | 2,579 | 2,778 | 2,745 |
| Current Assets | CZK mil | 3,041 | 2,685 | 2,330 |
| Working Capital | CZK mil | 2,022 | 1,777 | 1,500 |
| Shareholders' Equity | CZK mil | 2,981 | 3,026 | 3,562 |
| Liabilities | CZK mil | 2,652 | 2,443 | 1,517 |
| Total Debt | CZK mil | 1,474 | 1,396 | 640 |
| Net Debt | CZK mil | 1,369 | 1,232 | 380 |
| Ratios | 2013 | 2014 | 2015 | |
| ROE | % | 16.4 | 21.7 | 16.5 |
| ROCE | % | 10.6 | 14.2 | 12.3 |
| Gross Margin | % | 12.8 | 12.4 | 14.1 |
| EBITDA Margin | % | 7.02 | 6.65 | 7.19 |
| EBIT Margin | % | 3.80 | 4.30 | 3.94 |
| Net Margin | % | 5.09 | 6.44 | 6.93 |
| Net Debt/EBITDA | 1.88 | 1.83 | 0.675 | |
| Net Debt/Equity | 0.459 | 0.407 | 0.107 | |
| Cost of Financing | % | -16.9 | -21.4 | -28.9 |
| Cash Flow | 2013 | 2014 | 2015 | |
| Total Cash From Operations | CZK mil | 703 | 1,120 | ... |
| Total Cash From Investing | CZK mil | -238 | -391 | ... |
| Total Cash From Financing | CZK mil | -511 | -685 | ... |
| Net Change In Cash | CZK mil | -45.9 | 44.2 | ... |
| Cash Conversion Cycle | days | 75.7 | 68.2 | 76.0 |
| Cash Earnings | CZK mil | 862 | 890 | 797 |
| Free Cash Flow | CZK mil | 465 | 729 | ... |
Get all company financials in excel:
| summary | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | ||||||||||||||||||
| Sales | CZK mil | ... | 4,805 | 7,570 | 9,078 | 9,919 | 10,364 | |||||||||||
| Gross Profit | CZK mil | ... | 1,144 | 2,131 | 2,396 | 2,177 | 1,330 | |||||||||||
| EBIT | CZK mil | ... | 67.0 | 1,076 | 1,090 | 710 | 393 | |||||||||||
| Net Profit | CZK mil | ... | 487 | 1,102 | 1,016 | 750 | 528 | |||||||||||
| ROE | % | ... | 13.4 | 35.0 | 28.5 | 21.0 | 16.4 | |||||||||||
| EBIT Margin | % | ... | 1.39 | 14.2 | 12.0 | 7.16 | 3.80 | |||||||||||
| Net Margin | % | ... | 10.1 | 14.6 | 11.2 | 7.56 | 5.09 | |||||||||||
| Employees | ... | 1,011 | 963 | 968 | 983 | 984 | ||||||||||||
| balance sheet | ||||||||||||||||||
| Total Assets | CZK mil | ... | 4,411 | 4,642 | 5,217 | 5,515 | 5,632 | |||||||||||
| Non-Current Assets | CZK mil | ... | 2,628 | 2,663 | 2,703 | 2,719 | 2,579 | |||||||||||
| Current Assets | CZK mil | ... | 1,771 | 1,942 | 2,510 | 2,789 | 3,041 | |||||||||||
| Shareholders' Equity | CZK mil | ... | 2,849 | 3,442 | 3,695 | 3,450 | 2,981 | |||||||||||
| Liabilities | CZK mil | ... | 1,562 | 1,200 | 1,522 | 2,065 | 2,652 | |||||||||||
| Non-Current Liabilities | CZK mil | ... | 302 | 238 | 208 | 166 | 159 | |||||||||||
| Current Liabilities | CZK mil | ... | 586 | 686 | 794 | 839 | 868 | |||||||||||
| Net Debt/EBITDA | ... | 0.642 | -0.089 | 0.057 | 0.835 | 1.88 | ||||||||||||
| Net Debt/Equity | ... | 0.102 | -0.036 | 0.022 | 0.254 | 0.459 | ||||||||||||
| Cost of Financing | % | ... | ... | -56.2 | -78.7 | -103 | -28.6 | -16.9 | ||||||||||
| cash flow | ||||||||||||||||||
| Total Cash From Operations | CZK mil | ... | 986 | 1,288 | 861 | 599 | 703 | ... | ||||||||||
| Total Cash From Investing | CZK mil | ... | -725 | -466 | -290 | -357 | -238 | ... | ||||||||||
| Total Cash From Financing | CZK mil | ... | -310 | -755 | -591 | -284 | -511 | ... | ||||||||||
| Net Change In Cash | CZK mil | ... | -49.0 | 67.0 | -20.0 | -42.0 | -45.9 | ... |
| income statement | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | ||||||||||||||||||
| Sales | CZK mil | ... | 4,805 | 7,570 | 9,078 | 9,919 | 10,364 | |||||||||||
| Cost of Goods & Services | CZK mil | ... | 3,661 | 5,439 | 6,682 | 7,742 | 9,034 | |||||||||||
| Gross Profit | CZK mil | ... | 1,144 | 2,131 | 2,396 | 2,177 | 1,330 | |||||||||||
| Staff Cost | CZK mil | ... | 471 | 451 | 471 | 487 | 504 | |||||||||||
| Other Cost | CZK mil | ... | 218 | 282 | 514 | 640 | 99.1 | |||||||||||
| EBITDA | CZK mil | ... | 455 | 1,398 | 1,411 | 1,050 | 728 | |||||||||||
| Depreciation | CZK mil | ... | 388 | 322 | 321 | 340 | 334 | |||||||||||
| EBIT | CZK mil | ... | 67.0 | 1,076 | 1,090 | 710 | 393 | |||||||||||
| Financing Cost | CZK mil | ... | -435 | -168 | -136 | -172 | -207 | |||||||||||
| Extraordinary Cost | CZK mil | ... | 0 | -6.00 | 1.00 | 1.00 | 0 | |||||||||||
| Pre-Tax Profit | CZK mil | ... | 502 | 1,250 | 1,225 | 881 | 601 | |||||||||||
| Tax | CZK mil | ... | 15.0 | 148 | 209 | 131 | 73.3 | |||||||||||
| Minorities | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Net Profit | CZK mil | ... | 487 | 1,102 | 1,016 | 750 | 528 | |||||||||||
| Dividends | CZK mil | 500 | 750 | 1,000 | 1,000 | 600 | ... | |||||||||||
| growth rates | ||||||||||||||||||
| Total Revenue Growth | % | ... | ... | -48.0 | 57.5 | 19.9 | 9.26 | 4.49 | ||||||||||
| Operating Cost Growth | % | ... | ... | -48.3 | 6.39 | 34.4 | 14.4 | -46.5 | ||||||||||
| EBITDA Growth | % | ... | ... | -46.0 | 207 | 0.930 | -25.6 | -30.7 | ||||||||||
| EBIT Growth | % | ... | ... | -85.0 | 1,506 | 1.30 | -34.9 | -44.6 | ||||||||||
| Pre-Tax Profit Growth | % | ... | ... | 41.8 | 149 | -2.00 | -28.1 | -31.8 | ||||||||||
| Net Profit Growth | % | ... | ... | 55.6 | 126 | -7.80 | -26.2 | -29.7 | ||||||||||
| ratios | ||||||||||||||||||
| ROE | % | ... | 13.4 | 35.0 | 28.5 | 21.0 | 16.4 | |||||||||||
| ROCE | % | ... | ... | 9.71 | 28.8 | 22.9 | 14.4 | 10.6 | ||||||||||
| Gross Margin | % | ... | 23.8 | 28.2 | 26.4 | 21.9 | 12.8 | |||||||||||
| EBITDA Margin | % | ... | 9.47 | 18.5 | 15.5 | 10.6 | 7.02 | |||||||||||
| EBIT Margin | % | ... | 1.39 | 14.2 | 12.0 | 7.16 | 3.80 | |||||||||||
| Net Margin | % | ... | 10.1 | 14.6 | 11.2 | 7.56 | 5.09 | |||||||||||
| Payout Ratio | % | ... | 103 | 68.1 | 98.4 | 133 | 114 | ... | ||||||||||
| Cost of Financing | % | ... | ... | -56.2 | -78.7 | -103 | -28.6 | -16.9 | ||||||||||
| Net Debt/EBITDA | ... | 0.642 | -0.089 | 0.057 | 0.835 | 1.88 |
| balance sheet | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| balance sheet | ||||||||||||||||||
| Non-Current Assets | CZK mil | ... | 2,628 | 2,663 | 2,703 | 2,719 | 2,579 | |||||||||||
| Property, Plant & Equipment | CZK mil | ... | 2,294 | 2,324 | 2,336 | 2,352 | 2,246 | |||||||||||
| Intangible Assets | CZK mil | ... | 7.00 | 16.0 | 73.0 | 78.0 | 49.9 | |||||||||||
| Current Assets | CZK mil | ... | 1,771 | 1,942 | 2,510 | 2,789 | 3,041 | |||||||||||
| Inventories | CZK mil | ... | 878 | 831 | 1,159 | 1,463 | 1,631 | |||||||||||
| Receivables | CZK mil | ... | 732 | 867 | 1,200 | 1,220 | 1,151 | |||||||||||
| Cash & Cash Equivalents | CZK mil | ... | 96.0 | 163 | 144 | 101 | 104 | |||||||||||
| Total Assets | CZK mil | ... | 4,411 | 4,642 | 5,217 | 5,515 | 5,632 | |||||||||||
| Shareholders' Equity | CZK mil | ... | 2,849 | 3,442 | 3,695 | 3,450 | 2,981 | |||||||||||
| Of Which Minority Interest | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Liabilities | CZK mil | ... | 1,562 | 1,200 | 1,522 | 2,065 | 2,652 | |||||||||||
| Non-Current Liabilities | CZK mil | ... | 302 | 238 | 208 | 166 | 159 | |||||||||||
| Long-Term Debt | CZK mil | ... | 80.0 | 0 | 0 | 0 | 0 | |||||||||||
| Deferred Tax Liabilities | CZK mil | ... | 165 | 190 | 178 | 166 | 159 | |||||||||||
| Current Liabilities | CZK mil | ... | 586 | 686 | 794 | 839 | 868 | |||||||||||
| Short-Term Debt | CZK mil | ... | 308 | 39.0 | 225 | 978 | 1,474 | |||||||||||
| Trade Payables | CZK mil | ... | 394 | 540 | 21.0 | 27.0 | 761 | |||||||||||
| Provisions | CZK mil | ... | 248 | 214 | 226 | 80.0 | 151 | |||||||||||
| Equity And Liabilities | CZK mil | ... | 4,411 | 4,642 | 5,217 | 5,515 | 5,632 | |||||||||||
| growth rates | ||||||||||||||||||
| Total Asset Growth | % | ... | ... | -35.4 | 5.24 | 12.4 | 5.71 | 2.13 | ||||||||||
| Shareholders' Equity Growth | % | ... | ... | -35.5 | 20.8 | 7.35 | -6.63 | -13.6 | ||||||||||
| Net Debt Growth | % | ... | ... | -71.2 | -142 | -165 | 983 | 56.1 | ||||||||||
| Total Debt Growth | % | ... | ... | -66.6 | -89.9 | 477 | 335 | 50.7 | ||||||||||
| ratios | ||||||||||||||||||
| Total Debt | CZK mil | ... | 388 | 39.0 | 225 | 978 | 1,474 | |||||||||||
| Net Debt | CZK mil | ... | 292 | -124 | 81.0 | 877 | 1,369 | |||||||||||
| Working Capital | CZK mil | ... | 1,216 | 1,158 | 2,338 | 2,656 | 2,022 | |||||||||||
| Capital Employed | CZK mil | ... | 3,844 | 3,821 | 5,041 | 5,375 | 4,601 | |||||||||||
| Net Debt/Equity | ... | 0.102 | -0.036 | 0.022 | 0.254 | 0.459 | ||||||||||||
| Cost of Financing | % | ... | ... | -56.2 | -78.7 | -103 | -28.6 | -16.9 |
| cash flow | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| cash flow | ||||||||||||||||||
| Net Profit | CZK mil | ... | 487 | 1,102 | 1,016 | 750 | 528 | |||||||||||
| Depreciation | CZK mil | ... | 388 | 322 | 321 | 340 | 334 | |||||||||||
| Non-Cash Items | CZK mil | ... | ... | -44.0 | -194 | 704 | -173 | -793 | ... | |||||||||
| Change in Working Capital | CZK mil | ... | ... | 155 | 58.0 | -1,180 | -318 | 634 | ||||||||||
| Total Cash From Operations | CZK mil | ... | 986 | 1,288 | 861 | 599 | 703 | ... | ||||||||||
| Capital Expenditures | CZK mil | ... | -805 | -467 | -290 | -359 | -240 | ... | ||||||||||
| Other Investments | CZK mil | ... | 80.0 | 1.00 | 0 | 2.00 | 2.32 | ... | ||||||||||
| Total Cash From Investing | CZK mil | ... | -725 | -466 | -290 | -357 | -238 | ... | ||||||||||
| Dividends Paid | CZK mil | -500 | -750 | -1,000 | -1,000 | -600 | ... | |||||||||||
| Issuance Of Debt | CZK mil | ... | ... | -773 | -349 | 186 | 753 | 496 | ||||||||||
| Total Cash From Financing | CZK mil | ... | -310 | -755 | -591 | -284 | -511 | ... | ||||||||||
| Net Change In Cash | CZK mil | ... | -49.0 | 67.0 | -20.0 | -42.0 | -45.9 | ... | ||||||||||
| ratios | ||||||||||||||||||
| Days Sales Outstanding | days | ... | 55.6 | 41.8 | 48.2 | 44.9 | 40.6 | |||||||||||
| Days Sales Of Inventory | days | ... | 87.5 | 55.8 | 63.3 | 69.0 | 65.9 | |||||||||||
| Days Payable Outstanding | days | ... | 39.3 | 36.2 | 1.15 | 1.27 | 30.7 | |||||||||||
| Cash Conversion Cycle | days | ... | 104 | 61.3 | 110 | 113 | 75.7 | |||||||||||
| Cash Earnings | CZK mil | ... | 875 | 1,424 | 1,337 | 1,090 | 862 | |||||||||||
| Free Cash Flow | CZK mil | ... | 261 | 822 | 571 | 242 | 465 | ... |
| other data | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| other data | ||||||||||||||||||
| ROA | % | ... | 8.66 | 24.3 | 20.6 | 14.0 | 9.46 | |||||||||||
| Gross Margin | % | ... | 23.8 | 28.2 | 26.4 | 21.9 | 12.8 | |||||||||||
| Employees | ... | 1,011 | 963 | 968 | 983 | 984 | ||||||||||||
| Cost Per Employee | USD per month | ... | 2,037 | 2,042 | 2,293 | 2,111 | 2,181 | |||||||||||
| Cost Per Employee (Local Currency) | CZK per month | ... | 38,823 | 39,027 | 40,548 | 41,285 | 42,662 | |||||||||||
| Staff Cost (As % Of Total Cost) | % | ... | 9.94 | 6.94 | 5.90 | 5.29 | 5.05 | |||||||||||
| Effective Tax Rate | % | ... | 2.99 | 11.8 | 17.1 | 14.9 | 12.2 | |||||||||||
| Domestic Sales | CZK mil | ... | 1,605 | 2,972 | 3,448 | 3,802 | 3,679 | |||||||||||
| Capital Expenditures (As % of Sales) | % | ... | 16.8 | 6.17 | 3.19 | 3.62 | 2.32 | ... | ||||||||||
| Revenues From Abroad | CZK mil | ... | 3,554 | 4,607 | 5,441 | 5,702 | 6,558 | |||||||||||
| Revenues From Abroad (As % Of Total) | % | ... | 74.0 | 60.9 | 59.9 | 57.5 | 63.3 | |||||||||||
| Sales of Chemicals | CZK mil | ... | ... | ... | ... | 4,950 | 7,410 | 8,691 | 9,302 | 10,026 | ||||||||
| Sales of Heat | CZK mil | ... | ... | ... | ... | 93.0 | 104 | 97.0 | 102 | 98.6 | ||||||||
| Sales Of Electricity | CZK mil | ... | ... | ... | ... | 58.0 | 9.00 | 60.0 | 57.0 | 62.9 | ||||||||
| Sales Of Services | CZK mil | ... | ... | ... | ... | ... | ... | 58.0 | 55.0 | 40.0 | 43.0 | 49.3 | ||||||
| Sales in Italy | CZK mil | ... | ... | 802 | 1,294 | 1,770 | 1,934 | 1,669 | ||||||||||
| Sales in Germany | CZK mil | ... | ... | 726 | 1,279 | 1,970 | 1,766 | 2,643 | ||||||||||
| Sales in India | CZK mil | ... | ... | 384 | 833 | 717 | 665 | 746 | ||||||||||
| Sales in Poland | CZK mil | ... | ... | 447 | 810 | 1,135 | 1,369 | 1,316 |
Get all company financials in excel:
DEZA, a. s. is a producer of basic aromatic chemicals designated for further chemical use. Company's products are used as precious raw material in the production of carbon materials, paints and pigments, softeners for plastics, plasticizers for concrete and polyurethanes. The target user segment is the building and automotive industry. Deza's plant is based in Valasske Mezirici, in the East of the Czech Republic and its history can be dated back to 1892, when the plant was known as the Julius Rütgers company for the distillation of tar. In 1999, the Company was incorporated into the Agrofert Group. In Europe, there are only five companies with similar manufacturing capabilities. Apart from the chemicals, Deza also produces electricity and heat
DEZA has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 16.6% a year during that time to total of CZK 563 mil in 2015, or 7.19% of sales. That’s compared to 9.40% average margin seen in last five years.
The company netted CZK 542 mil in 2015 implying ROE of 16.5% and ROCE of 12.3%. Again, the average figures were 20.8% and 14.9%, respectively when looking at the previous 5 years.
DEZA’s net debt amounted to CZK 380 mil at the end of 2015, or 0.107 of equity. When compared to EBITDA, net debt was 0.675x, down when compared to average of 1.06x seen in the last 5 years.
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