Electro World

Electro World's net profit rose 136% yoy to CZK 77.2 mil in 2019

By Helgi Analytics - August 27, 2020

Electro World made a net profit of CZK 77.2 mil with revenues of CZK 4,346 mil in 2019, up by 136% and up by 10.8%, ...

Electro World's Cash & Cash Equivalents rose 400% yoy to CZK 215 mil in 2019

By Helgi Analytics - August 27, 2020

Electro World's total assets reached CZK 882 mil at the end of 2019, up 37% compared to the previous year. Current...

Electro World's employees rose 3.96% yoy to 709 in 2019

By Helgi Analytics - August 27, 2020

Electro World employed 709 employees in 2019, up 3.96% compared to the previous year. Historically, between 2006 and 20...

Profit Statement 2017 2018 2019
Sales CZK mil 3,190 3,922 4,346
Gross Profit CZK mil 271 802 908
EBITDA CZK mil 36.7 64.3 114
EBIT CZK mil 14.2 42.6 90.8
Financing Cost CZK mil ... 11.9 13.9
Pre-Tax Profit CZK mil 6.18 32.8 77.2
Net Profit CZK mil 6.18 32.8 77.2
Balance Sheet 2017 2018 2019
Total Assets CZK mil 672 644 882
Non-Current Assets CZK mil 65.5 59.9 57.9
Current Assets CZK mil 595 570 812
Working Capital CZK mil 58.8 122 114
Shareholders' Equity CZK mil 85.1 118 195
Liabilities CZK mil 587 526 687
Total Debt CZK mil 0.018 0.018 0.018
Net Debt CZK mil -44.4 -43.0 -215
Ratios 2017 2018 2019
ROE % 7.54 32.3 49.3
ROCE % 2.53 21.4 43.6
Gross Margin % 8.50 20.5 20.9
EBITDA Margin % 1.15 1.64 2.63
EBIT Margin % 0.446 1.09 2.09
Net Margin % 0.194 0.836 1.78
Net Debt/EBITDA -1.21 -0.668 -1.88
Net Debt/Equity % -52.2 -36.4 -110
Cash Flow 2017 2018 2019
Total Cash From Operations CZK mil 270 12.0 192
Total Cash From Investing CZK mil -18.6 -15.2 -20.0
Total Cash From Financing CZK mil 99.2 0 0
Net Change In Cash CZK mil 251 -1.47 172
Cash Conversion Cycle days 6.40 12.1 9.70
Cash Earnings CZK mil 28.7 54.5 101
Free Cash Flow CZK mil 251 -3.24 172

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overview Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                            
Sales CZK mil ... ...           3,524 3,432 2,836 3,245 3,190    
Gross Profit CZK mil ... ...           139 100 84.9 199 271    
EBIT CZK mil ... ...           -167 -151 -165 -75.8 14.2    
Net Profit CZK mil ... ...           -159 -174 -188 -92.3 6.18    
                               
ROE % ... ... ...         -20.7 -45.9 723 450 7.54    
EBIT Margin % ... ...           -4.73 -4.39 -5.81 -2.33 0.446    
Net Margin % ... ...           -4.52 -5.06 -6.63 -2.84 0.194    
Employees               755 713 674 665 632    
balance sheet                            
Total Assets CZK mil ... ...           1,053 805 915 775 672    
Non-Current Assets CZK mil ... ...           160 94.5 81.6 68.9 65.5    
Current Assets CZK mil ... ...           874 690 816 690 595    
                               
Shareholders' Equity CZK mil ... ...           689 68.0 -120 78.9 85.1    
Liabilities CZK mil ... ...           364 737 1,035 696 587    
Non-Current Liabilities CZK mil ... ...           0 0.018 0.018 0.018 0.018    
Current Liabilities CZK mil ... ...           351 725 1,028 680 577    
                               
Net Debt/EBITDA ... ...           0.856 -1.62 -3.05 -4.17 -1.21    
Net Debt/Equity % ... ...           -14.3 272 -312 261 -52.2    
cash flow                            
Total Cash From Operations CZK mil ... ...           -251 -94.6 -231 -103 270    
Total Cash From Investing CZK mil ... ...           -13.6 -15.0 -15.0 -20.0 -18.6    
Total Cash From Financing CZK mil ... ...           0 111 72.1 35.5 99.2    
Net Change In Cash CZK mil ... ...           -264 1.35 -31.8 -21.8 251    
income statement Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                            
Sales CZK mil ... ...           3,524 3,432 2,836 3,245 3,190    
Cost of Goods & Services CZK mil ... ...           3,384 3,332 2,751 3,046 2,919    
Gross Profit CZK mil ... ...           139 100 84.9 199 271    
Staff Cost CZK mil ... ...           278 249 239 265 269    
EBITDA CZK mil ... ...           -115 -114 -122 -49.4 36.7    
Depreciation CZK mil ... ...           51.6 36.6 42.2 26.4 22.5    
EBIT CZK mil ... ...           -167 -151 -165 -75.8 14.2    
Net Financing Cost CZK mil ... ...           1.42 23.4 18.3 13.5 8.04    
Financing Cost CZK mil ... ... ... ... ... ... ... ... ... ... ... ...    
Financing Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ...    
Extraordinary Cost CZK mil ... ...           0 0 0 0 0    
Pre-Tax Profit CZK mil ... ...           -168 -174 -183 -89.3 6.18    
Tax CZK mil ... ...           -8.80 -0.238 5.00 3.00 0    
Minorities CZK mil ... ...           0 0 0 0 0    
Net Profit CZK mil ... ...           -159 -174 -188 -92.3 6.18    
Net Profit Avail. to Common CZK mil ... ...           -159 -174 -188 -92.3 6.18    
growth rates                            
Total Revenue Growth % ... ... ...         -5.62 -2.60 -17.4 14.4 -1.68    
Staff Cost Growth % ... ... ...         -5.09 -10.3 -4.15 11.0 1.43    
EBITDA Growth % ... ... ...         282 -0.969 7.47 -59.6 -174    
EBIT Growth % ... ... ...         89.1 -9.65 9.40 -54.0 -119    
Pre-Tax Profit Growth % ... ... ...         169 3.52 5.17 -51.2 -107    
Net Profit Growth % ... ... ...         234 9.09 8.19 -50.9 -107    
ratios                            
ROE % ... ... ...         -20.7 -45.9 723 450 7.54    
ROA % ... ... ...         -12.9 -18.7 -21.9 -10.9 0.854    
ROCE % ... ... ...         -61.9 -63.8 -68.6 -26.9 2.53    
Gross Margin % ... ...           3.95 2.92 2.99 6.12 8.50    
EBITDA Margin % ... ...           -3.26 -3.32 -4.32 -1.52 1.15    
EBIT Margin % ... ...           -4.73 -4.39 -5.81 -2.33 0.446    
Net Margin % ... ...           -4.52 -5.06 -6.63 -2.84 0.194    
Net Debt/EBITDA ... ...           0.856 -1.62 -3.05 -4.17 -1.21    
balance sheet Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                            
Cash & Cash Equivalents CZK mil ... ...           62.9 64.3 32.4 46.1 44.4    
Receivables CZK mil ... ...           53.7 39.0 171 152 89.2    
Inventories CZK mil ... ...           348 495 612 493 462    
Current Assets CZK mil ... ...           874 690 816 690 595    
Property, Plant & Equipment CZK mil ... ...           122 90.4 57.0 43.4 44.0    
LT Investments & Receivables CZK mil ... ...           36.3 0 0 0 0    
Intangible Assets CZK mil ... ...           2.24 4.11 24.6 25.6 21.5    
Goodwill CZK mil ... ...           0 0 0 0 0    
Non-Current Assets CZK mil ... ...           160 94.5 81.6 68.9 65.5    
Total Assets CZK mil ... ...           1,053 805 915 775 672    
                               
Trade Payables CZK mil ... ...           246 401 545 349 492    
Short-Term Debt CZK mil ... ...           0.754 249 406 252 0    
Other ST Liabilities CZK mil ... ...           104 75.7 76.9 79.0 84.6    
Current Liabilities CZK mil ... ...           351 725 1,028 680 577    
Long-Term Debt CZK mil ... ...           0 0.018 0.018 0.018 0.018    
Other LT Liabilities CZK mil ... ...           0 0 0 0 0    
Non-Current Liabilities CZK mil ... ...           0 0.018 0.018 0.018 0.018    
Liabilities CZK mil ... ...           364 737 1,035 696 587    
Equity Before Minority Interest CZK mil ... ...           689 68.0 -120 78.9 85.1    
Minority Interest CZK mil ... ...           0 0 0 0 0    
Equity CZK mil ... ...           689 68.0 -120 78.9 85.1    
growth rates                            
Total Asset Growth % ... ... ...         -26.0 -23.6 13.7 -15.3 -13.3    
Shareholders' Equity Growth % ... ... ...         -18.8 -90.1 -277 -166 7.83    
Net Debt Growth % ... ... ...         -30.1 -288 102 -44.9 -122    
Total Debt Growth % ... ... ...         57.7 32,933 63.2 -38.0 -100.0    
ratios                            
Total Debt CZK mil ... ...           0.754 249 406 252 0.018    
Net Debt CZK mil ... ...           -98.5 185 374 206 -44.4    
Working Capital CZK mil ... ...           156 133 239 296 58.8    
Capital Employed CZK mil ... ...           316 228 320 364 124    
Net Debt/Equity % ... ...           -14.3 272 -312 261 -52.2    
Current Ratio ... ...           2.49 0.952 0.794 1.02 1.03    
Quick Ratio ... ...           0.333 0.142 0.198 0.291 0.232    
cash flow Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
cash flow                            
Net Profit CZK mil ... ...           -159 -174 -188 -92.3 6.18    
Depreciation CZK mil ... ...           51.6 36.6 42.2 26.4 22.5    
Non-Cash Items CZK mil ... ... ...         55.9 20.0 20.0 19.6 4.42    
Change in Working Capital CZK mil ... ... ...         -199 22.4 -105 -56.9 237    
Total Cash From Operations CZK mil ... ...           -251 -94.6 -231 -103 270    
                               
Capital Expenditures CZK mil ... ...           -13.6 -15.0 -15.0 -20.3 -18.6    
Other Investing Activities CZK mil ... ...           0.003 0 0 0.248 0.012    
Total Cash From Investing CZK mil ... ...           -13.6 -15.0 -15.0 -20.0 -18.6    
                               
Dividends Paid CZK mil ... ... ... ... ... ... ... ... ... 0 0 0    
Issuance Of Shares CZK mil ... ... ... ... ... ... ... ... ... ... 101 0    
Issuance Of Debt CZK mil ... ... ...         0.276 -248 -157 -154 -252    
Total Cash From Financing CZK mil ... ...           0 111 72.1 35.5 99.2    
Net Change In Cash CZK mil ... ...           -264 1.35 -31.8 -21.8 251    
ratios                            
Days Sales Outstanding days ... ...           5.56 4.15 22.0 17.1 10.2    
Days Sales Of Inventory days ... ...           37.6 54.2 81.2 59.0 57.7    
Days Payable Outstanding days ... ...           26.6 43.9 72.3 41.8 61.5    
Cash Conversion Cycle days ... ...           16.6 14.5 31.0 34.3 6.40    
Cash Earnings CZK mil ... ...           -108 -137 -146 -65.9 28.7    
Free Cash Flow CZK mil ... ...           -264 -110 -246 -123 251    
Capital Expenditures (As % of Sales) % ... ...           0.386 0.437 0.529 0.625 0.584    
other ratios Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                             
Employees               755 713 674 665 632    
Cost Per Employee USD per month ... ...           1,567 1,362 1,237 1,316 1,510    
Cost Per Employee (Local Currency) CZK per month ... ...           30,654 29,108 29,515 33,207 35,440    
Staff Cost (As % of Sales) % ... ...           7.88 7.26 8.42 8.17 8.42    
Effective Tax Rate % ... ...           5.23 0.137 -2.73 -3.36 0    
Total Revenue Growth (5-year average) % ... ... ... ... ... ... ... -1.22 1.29 -0.800 -1.35 -3.09    
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ... ... ...    

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Electro World's ROCE rose 104% yoy to 43.6% in 2019

By Helgi Analytics - August 27, 2020

Electro World made a net profit of CZK 77.2 mil in 2019, up 136% compared to the previous year. Historically, between 2008 and 2019, the company's net profit reached a high of CZK 159 mil in 2008 and a low of CZK -188 mil in 2015. The result implies a ret...

Electro World's Net Margin rose 113% yoy to 1.78% in 2019

By Helgi Analytics - August 27, 2020

Electro World made a net profit of CZK 77.2 mil with revenues of CZK 4,346 mil in 2019, up by 136% and up by 10.8%, respectively, compared to the previous year. This translates into a net margin of 1.78%. Historically, between 2008 and 2019, the fir...

Electro World's Total Cash From Operations rose 1,503% yoy to CZK 192 mil in 2019

By Helgi Analytics - August 27, 2020

Electro World's operating cash flow stood at CZK 192 mil in 2019, up 1% when compared to the previous year. Historically, between 2008 - 2019, the firm’s operating cash flow reached a high of CZK 270 mil in 2017 and a low of CZK -251 mil in 2013. ...

Electro World's Net Debt/EBITDA fell 181% yoy to -1.88 in 2019

By Helgi Analytics - September 21, 2020

Electro World's net debt stood at CZK -215 mil and accounted for -110% of equity at the end of 2019. The ratio is down 73.6 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 272% in 2014 and a low of ...

Electro World's Capital Expenditures fell 32.7% yoy to CZK 20.2 mil in 2019

By Helgi Analytics - August 27, 2020

Electro World invested a total of CZK 20.2 mil in 2019, up 32.7% compared to the previous year. Historically, between 2008 - 2019, the company's investments stood at a high of CZK 92.2 mil in 2008 and a low of CZK 11.1 mil in 2009. As...

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Electro World s r.o. is a Czech Republic-based retailer with consumer electronics. The Company operates 19 stores in the Czech Republic and 33 in Slovakia. The Company was incorporated in 2001 and is based in Prague, Czech Republic. Electro World s r.o. operates as a subsidiary of Dixons Retail plc.

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Finance

Electro World has been growing its sales by 4.84% a year on average in the last 5 years. EBITDA has grown by 200% during that time to total of CZK 114 mil in 2019, or 2.63% of sales. That’s compared to -0.083% average margin seen in last five years.

The company netted CZK 77.2 mil in 2019 implying ROE of 49.3% and ROCE of 43.6%. Again, the average figures were 252% and -5.58%, respectively when looking at the previous 5 years.

Electro World’s net debt amounted to CZK -215 mil at the end of 2019, or -110% of equity. When compared to EBITDA, net debt was -1.88x, up when compared to average of -2.20x seen in the last 5 years.