Fabryka Papieru Czerwonak

Fabryka Papieru Czerwonak's net profit rose 485% yoy to PLN 0.445 mil in 2019

By Helgi Analytics - December 7, 2020

Fabryka Papieru Czerwonak made a net profit of PLN 0.445 mil with revenues of PLN 20.5 mil in 2019, up by 485% and down...

Fabryka Papieru Czerwonak's Net Debt/EBITDA rose 29.2% yoy to -3.26 in 2019

By Helgi Analytics - December 7, 2020

Fabryka Papieru Czerwonak's net debt stood at PLN -2.63 mil and accounted for -27.4% of equity at the end of 2019. The ratio is ...

Fabryka Papieru Czerwonak's ROCE rose 542% yoy to 6.29% in 2019

By Helgi Analytics - December 7, 2020

Fabryka Papieru Czerwonak made a net profit of PLN 0.445 mil in 2019, up 485% compared to the previous year. Historically, betwe...

Profit Statement 2017 2018 2019
Sales PLN mil 21.0 21.4 20.5
EBITDA PLN mil 1.50 0.390 0.807
EBIT PLN mil 1.33 0.165 0.570
Financing Cost PLN mil < 0.001 < 0.001 < 0.001
Pre-Tax Profit PLN mil 1.36 0.110 0.554
Net Profit PLN mil 1.10 0.076 0.445
Balance Sheet 2017 2018 2019
Total Assets PLN mil 11.2 10.9 11.0
Non-Current Assets PLN mil 4.39 4.13 4.27
Current Assets PLN mil 6.78 6.76 6.75
Working Capital PLN mil 3.97 3.01 2.71
Shareholders' Equity PLN mil 9.73 9.11 9.60
Liabilities PLN mil 1.44 1.78 1.42
Total Debt PLN mil 0 0 0
Net Debt PLN mil -1.30 -1.80 -2.63
Ratios 2017 2018 2019
ROE % 12.1 0.807 4.75
ROCE % 16.2 0.980 6.29
EBITDA Margin % 7.13 1.82 3.94
EBIT Margin % 6.32 0.771 2.78
Net Margin % 5.22 0.355 2.17
Net Debt/EBITDA -0.867 -4.60 -3.26
Net Debt/Equity % -13.3 -19.7 -27.4
Cash Flow 2017 2018 2019
Total Cash From Operations PLN mil -0.734 0.011 0.529
Total Cash From Investing PLN mil -1.31 0.487 0.096
Total Cash From Financing PLN mil 0 0 0
Net Change In Cash PLN mil -2.05 0.498 0.625
Cash Earnings PLN mil 1.27 0.301 0.682
Free Cash Flow PLN mil -2.05 0.498 0.625

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overview Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                  
Sales PLN mil     13.4 14.3 15.1 17.1 21.0    
EBIT PLN mil     0.410 0.839 1.31 0.825 1.33    
Net Profit PLN mil     0.315 0.659 1.06 0.627 1.10    
                     
ROE %     4.23 8.65 13.1 7.44 12.1    
EBIT Margin %     3.06 5.86 8.73 4.84 6.32    
Net Margin %     2.35 4.60 7.05 3.67 5.22    
balance sheet                  
Total Assets PLN mil     8.73 9.02 9.74 9.81 11.2    
Non-Current Assets PLN mil     3.24 3.25 3.12 2.91 4.39    
Current Assets PLN mil     5.49 5.77 6.61 6.90 6.78    
                     
Shareholders' Equity PLN mil     7.48 7.75 8.49 8.35 9.73    
Liabilities PLN mil     1.24 1.27 1.24 1.46 1.44    
Non-Current Liabilities PLN mil     0.099 0.112 0.084 0.051 0.015    
Current Liabilities PLN mil     1.14 1.16 1.16 1.41 1.43    
                     
Net Debt/EBITDA     -2.18 -2.36 -2.41 -3.35 -0.867    
Net Debt/Equity %     -29.2 -31.8 -42.6 -40.1 -13.3    
cash flow                  
Total Cash From Operations PLN mil ...   -1.03 0.079 0.844 -0.645 -0.734    
Total Cash From Investing PLN mil ...   1.21 0.198 0.309 0.388 -1.31    
Total Cash From Financing PLN mil ...   0 0 0 0 0    
Net Change In Cash PLN mil ...   0.182 0.278 1.15 -0.257 -2.05    
income statement Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                  
Sales PLN mil     13.4 14.3 15.1 17.1 21.0    
Staff Cost PLN mil     1.30 1.32 1.33 1.32 1.56    
EBITDA PLN mil     1.00 1.05 1.50 1.00 1.50    
Depreciation PLN mil     0.593 0.208 0.184 0.176 0.171    
EBIT PLN mil     0.410 0.839 1.31 0.825 1.33    
Net Financing Cost PLN mil     0.032 0.017 -0.005 0.045 -0.034    
Financing Cost PLN mil     0.037 0.007 < 0.001 < 0.001 < 0.001    
Extraordinary Cost PLN mil     0 0 0 0 0    
Pre-Tax Profit PLN mil     0.378 0.822 1.32 0.780 1.36    
Tax PLN mil     0.062 0.163 0.258 0.154 0.264    
Net Profit PLN mil     0.315 0.659 1.06 0.627 1.10    
Net Profit Avail. to Common PLN mil     0.315 0.659 1.06 0.627 1.10    
growth rates                  
Total Revenue Growth % ...   3.21 6.88 5.17 13.2 23.1    
Staff Cost Growth % ...   2.28 1.38 0.541 -0.887 18.7    
EBITDA Growth % ...   6.86 4.36 43.2 -33.2 49.6    
EBIT Growth % ...   32.2 105 56.6 -37.2 60.7    
Pre-Tax Profit Growth % ...   10.3 118 60.4 -40.8 74.2    
Net Profit Growth % ...   11.1 109 61.0 -41.0 74.9    
ratios                  
ROE %     4.23 8.65 13.1 7.44 12.1    
ROA %     3.49 7.43 11.3 6.41 10.4    
ROCE % ...   5.25 11.4 19.4 12.0 16.2    
EBITDA Margin %     7.48 7.31 9.95 5.87 7.13    
EBIT Margin %     3.06 5.86 8.73 4.84 6.32    
Net Margin %     2.35 4.60 7.05 3.67 5.22    
Net Debt/EBITDA     -2.18 -2.36 -2.41 -3.35 -0.867    
balance sheet Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                  
Cash & Cash Equivalents PLN mil     2.15 2.43 3.58 3.32 1.28    
Receivables PLN mil     1.07 1.43 0.946 0.850 2.16    
Inventories PLN mil     2.22 1.88 1.98 2.64 2.99    
Other ST Assets PLN mil     0.051 0.040 0.105 0.091 0.353    
Current Assets PLN mil     5.49 5.77 6.61 6.90 6.78    
Property, Plant & Equipment PLN mil     3.20 3.21 3.09 2.88 4.37    
LT Investments & Receivables PLN mil     0.040 0.042 0.037 0.027 0.020    
Intangible Assets PLN mil     0 0 0 0 0    
Goodwill PLN mil     0 0 0 0 0    
Non-Current Assets PLN mil     3.24 3.25 3.12 2.91 4.39    
Total Assets PLN mil     8.73 9.02 9.74 9.81 11.2    
                     
Trade Payables PLN mil     0.632 0.843 0.820 1.22 1.18    
Short-Term Debt PLN mil     0 0 0 0 0    
Other ST Liabilities PLN mil     0.511 0.315 0.338 0.195 0.247    
Current Liabilities PLN mil     1.14 1.16 1.16 1.41 1.43    
Long-Term Debt PLN mil     0 0 0 0 0    
Other LT Liabilities PLN mil     0.099 0.112 0.084 0.051 0.015    
Non-Current Liabilities PLN mil     0.099 0.112 0.084 0.051 0.015    
Liabilities PLN mil     1.24 1.27 1.24 1.46 1.44    
Equity Before Minority Interest PLN mil     7.48 7.75 8.49 8.35 9.73    
Minority Interest PLN mil     0 0 0 0 0    
Equity PLN mil     7.48 7.75 8.49 8.35 9.73    
growth rates                  
Total Asset Growth % ...   -6.36 3.37 7.92 0.816 13.9    
Shareholders' Equity Growth % ...   0.611 3.57 9.58 -1.68 16.5    
Net Debt Growth % ...   10.6 12.8 46.5 -7.35 -61.3    
ratios                  
Total Debt PLN mil     0 0 0 0 0    
Net Debt PLN mil     -2.19 -2.47 -3.62 -3.35 -1.30    
Working Capital PLN mil     2.65 2.46 2.11 2.27 3.97    
Capital Employed PLN mil     5.89 5.71 5.23 5.18 8.36    
Net Debt/Equity %     -29.2 -31.8 -42.6 -40.1 -13.3    
Current Ratio     4.80 4.98 5.71 4.89 4.75    
Quick Ratio     2.82 3.33 3.91 2.95 2.41    
cash flow Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019
cash flow                  
Net Profit PLN mil     0.315 0.659 1.06 0.627 1.10    
Depreciation PLN mil     0.593 0.208 0.184 0.176 0.171    
Non-Cash Items PLN mil ...   -1.54 -0.979 -0.758 -1.28 -0.304    
Change in Working Capital PLN mil ...   -0.400 0.192 0.357 -0.165 -1.70    
Total Cash From Operations PLN mil ...   -1.03 0.079 0.844 -0.645 -0.734    
                     
Capital Expenditures PLN mil ...   1.21 0.198 0.309 0.388 -1.31    
Other Investing Activities PLN mil ...   0 0 0 0 0    
Total Cash From Investing PLN mil ...   1.21 0.198 0.309 0.388 -1.31    
                     
Dividends Paid PLN mil ...   0 0 0 0 0    
Issuance Of Shares PLN mil ...   0 0 0 0 0    
Issuance Of Debt PLN mil ...   0 0 0 0 0    
Other Financing Activities PLN mil ...   -1.21 -0.198 -0.309 -0.388 1.31    
Total Cash From Financing PLN mil ...   0 0 0 0 0    
Net Change In Cash PLN mil ...   0.182 0.278 1.15 -0.257 -2.05    
ratios                  
Days Sales Outstanding days     29.1 36.4 22.9 18.2 37.5    
Cash Earnings PLN mil     0.908 0.867 1.25 0.802 1.27    
Free Cash Flow PLN mil ...   0.182 0.278 1.15 -0.257 -2.05    
Capital Expenditures (As % of Sales) % ...   -9.06 -1.39 -2.05 -2.27 6.25    
other ratios Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019
                   
Staff Cost (As % of Sales) %     9.74 9.24 8.83 7.73 7.45    
Effective Tax Rate %     16.5 19.8 19.5 19.7 19.4    
Total Revenue Growth (5-year average) % ... ... ... ... ... 6.18 10.1    

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Fabryka Papieru Czerwonak's Capital Expenditures fell 80.3% yoy to PLN -0.096 mil in 2019

By Helgi Analytics - December 7, 2020

Fabryka Papieru Czerwonak invested a total of PLN -0.096 mil in 2019, up 80.3% compared to the previous year. Historically, between 2012 - 2019, the company's investments stood at a high of PLN 1.31 mil in 2017 and a low of PLN -1.21 mil in ...

Fabryka Papieru Czerwonak's Net Margin rose 512% yoy to 2.17% in 2019

By Helgi Analytics - December 7, 2020

Fabryka Papieru Czerwonak made a net profit of PLN 0.445 mil with revenues of PLN 20.5 mil in 2019, up by 485% and down by 4.49%, respectively, compared to the previous year. This translates into a net margin of 2.17%. Historically, between 2011 and 201...

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Finance

Fabryka Papieru Czerwonak has been growing its sales by 7.41% a year on average in the last 5 years. EBITDA has fallen on average by 5.06% a year during that time to total of PLN 0.807 mil in 2019, or 3.94% of sales. That’s compared to 5.74% average margin seen in last five years.

The company netted PLN 0.445 mil in 2019 implying ROE of 4.75% and ROCE of 6.29%. Again, the average figures were 7.64% and 11.0%, respectively when looking at the previous 5 years.

Fabryka Papieru Czerwonak’s net debt amounted to PLN -2.63 mil at the end of 2019, or -27.4% of equity. When compared to EBITDA, net debt was -3.26x, down when compared to average of -2.90x seen in the last 5 years.

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