Geco

Geco's Cash & Cash Equivalents fell 6.65% yoy to CZK 402 mil in 2017

By Helgi Analytics - April 2, 2020

Geco's total assets reached CZK 3,339 mil at the end of 2017, up 10.8% compared to the previous year. Current asse...

Profit Statement 2015 2016 2017
Sales CZK mil 29,977 32,794 34,305
Gross Profit CZK mil 433 1,096 1,211
EBITDA CZK mil 501 479 509
EBIT CZK mil 441 413 436
Financing Cost CZK mil -8.86 -14.3 -19.0
Pre-Tax Profit CZK mil 450 428 455
Net Profit CZK mil 367 350 371
Dividends CZK mil 350 350 ...
Balance Sheet 2015 2016 2017
Total Assets CZK mil 2,670 3,014 3,339
Non-Current Assets CZK mil 835 891 926
Current Assets CZK mil 1,812 2,098 2,385
Working Capital CZK mil -19.4 224 323
Shareholders' Equity CZK mil 635 634 636
Liabilities CZK mil 2,036 2,380 2,703
Total Debt CZK mil 137 579 703
Net Debt CZK mil -56.6 148 301
Ratios 2015 2016 2017
ROE % 63.4 55.1 58.4
ROCE % 46.6 36.2 31.4
Gross Margin % 1.44 3.34 3.53
EBITDA Margin % 1.67 1.46 1.48
EBIT Margin % 1.47 1.26 1.27
Net Margin % 1.23 1.07 1.08
Net Debt/EBITDA -0.113 0.309 0.592
Net Debt/Equity % -8.92 23.4 47.3
Cost of Financing % -4.10 -4.01 -2.97
Cash Flow 2015 2016 2017
Total Cash From Operations CZK mil 621 681 505
Total Cash From Investing CZK mil -105 -88.1 -75.3
Total Cash From Financing CZK mil -467 -357 -350
Net Change In Cash CZK mil 48.8 236 79.4
Cash Conversion Cycle days -0.327 2.33 3.23
Cash Earnings CZK mil 427 415 443
Free Cash Flow CZK mil 516 593 429

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                            
Sales CZK mil               15,987 17,313 18,939 25,614 29,977    
Gross Profit CZK mil               646 694 707 826 433    
EBIT CZK mil               225 220 221 291 441    
Net Profit CZK mil               197 183 186 247 367    
ROE %               49.6 41.9 39.0 49.5 63.4    
EBIT Margin %               1.41 1.27 1.17 1.14 1.47    
Net Margin %               1.23 1.06 0.980 0.965 1.23    
Employees ...             1,502 1,462 1,514 1,581 1,610    
balance sheet                            
Total Assets CZK mil               1,998 2,552 3,959 2,813 2,670    
Non-Current Assets CZK mil               501 642 806 797 835    
Current Assets CZK mil               1,475 1,880 3,122 1,985 1,812    
Shareholders' Equity CZK mil               396 477 474 524 635    
Liabilities CZK mil               1,602 2,075 3,485 2,289 2,036    
Non-Current Liabilities CZK mil               3.00 4.00 3.83 3.21 2.60    
Current Liabilities CZK mil               1,180 1,404 2,145 1,992 1,894    
Net Debt/EBITDA               0.912 1.91 3.83 0.425 -0.113    
Net Debt/Equity %               63.1 110 224 28.6 -8.92    
Cost of Financing % ...             -4.33 -0.739 -0.620 -1.45 -4.10    
cash flow                            
Total Cash From Operations CZK mil               154 8.00 -143 1,194 621    
Total Cash From Investing CZK mil               -42.0 -87.0 -231 -49.8 -105    
Total Cash From Financing CZK mil               -58.0 49.0 492 -1,255 -467    
Net Change In Cash CZK mil               54.0 -30.0 118 -111 48.8    
income statement Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                            
Sales CZK mil               15,987 17,313 18,939 25,614 29,977    
Cost of Goods & Services CZK mil               15,341 16,619 18,233 24,788 29,545    
Gross Profit CZK mil               646 694 707 826 433    
Staff Cost CZK mil               433 450 456 496 553    
Other Cost CZK mil               -61.0 -31.0 -27.4 -22.6 -622    
EBITDA CZK mil               274 275 278 353 501    
Depreciation CZK mil               49.0 55.0 56.2 61.3 60.1    
EBIT CZK mil               225 220 221 291 441    
Financing Cost CZK mil               -15.0 -4.00 -6.15 -11.7 -8.86    
Extraordinary Cost CZK mil               0 0 0 0 0    
Pre-Tax Profit CZK mil               240 224 228 303 450    
Tax CZK mil               43.0 42.0 42.0 55.7 82.8    
Minorities CZK mil               0 0 0 0 0    
Net Profit CZK mil               197 183 186 247 367    
Dividends CZK mil               200 200 200 250 350   ...
growth rates                            
Total Revenue Growth % ...             22.1 8.29 9.39 35.2 17.0    
Operating Cost Growth % ...             5.08 12.6 2.37 10.4 -115    
EBITDA Growth % ...             -13.8 0.365 0.945 27.0 42.2    
EBIT Growth % ...             -21.1 -2.22 0.645 31.5 51.5    
Pre-Tax Profit Growth % ...             -17.2 -6.67 1.59 33.1 48.6    
Net Profit Growth % ...             -16.2 -7.11 1.42 33.2 48.6    
ratios                            
ROE %               49.6 41.9 39.0 49.5 63.4    
ROCE % ...             23.9 18.3 13.9 21.2 46.6    
Gross Margin %               4.04 4.01 3.73 3.23 1.44    
EBITDA Margin %               1.71 1.59 1.47 1.38 1.67    
EBIT Margin %               1.41 1.27 1.17 1.14 1.47    
Net Margin %               1.23 1.06 0.980 0.965 1.23    
Payout Ratio %               102 109 108 101 95.3   ...
Cost of Financing % ...             -4.33 -0.739 -0.620 -1.45 -4.10    
Net Debt/EBITDA               0.912 1.91 3.83 0.425 -0.113    
balance sheet Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                            
Non-Current Assets CZK mil               501 642 806 797 835    
Property, Plant & Equipment CZK mil               462 506 533 501 507    
Intangible Assets CZK mil               13.0 11.0 12.8 13.8 12.2    
Current Assets CZK mil               1,475 1,880 3,122 1,985 1,812    
Inventories CZK mil               1,039 1,435 2,304 1,332 1,074    
Receivables CZK mil               208 222 371 409 495    
Cash & Cash Equivalents CZK mil               168 138 256 145 194    
Total Assets CZK mil               1,998 2,552 3,959 2,813 2,670    
Shareholders' Equity CZK mil               396 477 474 524 635    
Of Which Minority Interest CZK mil               0 0 0 0 0    
Liabilities CZK mil               1,602 2,075 3,485 2,289 2,036    
Non-Current Liabilities CZK mil               3.00 4.00 3.83 3.21 2.60    
Long-Term Debt CZK mil               170 170 128 85.0 0    
Deferred Tax Liabilities CZK mil               3.00 4.00 3.83 3.21 2.60    
Current Liabilities CZK mil               1,180 1,404 2,145 1,992 1,894    
Short-Term Debt CZK mil               248 494 1,192 210 137    
Trade Payables CZK mil               857 1,194 1,909 1,779 1,589    
Equity And Liabilities CZK mil               1,998 2,552 3,959 2,813 2,670    
growth rates                            
Total Asset Growth % ...             27.7 27.7 55.1 -28.9 -5.09    
Shareholders' Equity Growth % ...             -0.503 20.5 -0.606 10.6 21.0    
Net Debt Growth % ...             55.3 110 102 -85.9 -138    
Total Debt Growth % ...             52.0 58.9 98.8 -77.7 -53.4    
ratios                            
Total Debt CZK mil               418 664 1,320 295 137    
Net Debt CZK mil               250 526 1,064 150 -56.6    
Working Capital CZK mil               390 463 765 -37.5 -19.4    
Capital Employed CZK mil               891 1,105 1,571 760 816    
Net Debt/Equity %               63.1 110 224 28.6 -8.92    
Cost of Financing % ...             -4.33 -0.739 -0.620 -1.45 -4.10    
cash flow Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
cash flow                            
Net Profit CZK mil               197 183 186 247 367    
Depreciation CZK mil               49.0 55.0 56.2 61.3 60.1    
Non-Cash Items CZK mil ...             45.0 -157 -82.4 82.8 211    
Change in Working Capital CZK mil ...             -137 -73.0 -302 803 -18.1    
Total Cash From Operations CZK mil               154 8.00 -143 1,194 621    
Capital Expenditures CZK mil               -43.0 -89.0 -239 -56.7 -106    
Other Investments CZK mil               1.00 2.00 8.06 6.92 0.406    
Total Cash From Investing CZK mil               -42.0 -87.0 -231 -49.8 -105    
Dividends Paid CZK mil ...             -200 -200 -200 -200 -250    
Issuance Of Shares CZK mil ... ... ... ... ... ... ... ... ... ... ... 0    
Issuance Of Debt CZK mil ...             143 246 656 -1,025 -158    
Total Cash From Financing CZK mil               -58.0 49.0 492 -1,255 -467    
Net Change In Cash CZK mil               54.0 -30.0 118 -111 48.8    
ratios                            
Days Sales Outstanding days               4.75 4.68 7.15 5.83 6.03    
Days Sales Of Inventory days               24.7 31.5 46.1 19.6 13.3    
Days Payable Outstanding days               20.4 26.2 38.2 26.2 19.6    
Cash Conversion Cycle days               9.08 9.97 15.0 -0.746 -0.327    
Cash Earnings CZK mil               246 238 242 309 427    
Free Cash Flow CZK mil               112 -79.0 -374 1,145 516    
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                            
ROA %               11.1 8.04 5.70 7.30 13.4    
Gross Margin %               4.04 4.01 3.73 3.23 1.44    
Employees ...             1,502 1,462 1,514 1,581 1,610    
Cost Per Employee USD per month ...             1,358 1,311 1,284 1,224 1,198    
Cost Per Employee (Local Currency) CZK per month ...             24,024 25,650 25,118 26,162 28,605    
Staff Cost (As % Of Total Cost) %               2.75 2.63 2.44 1.96 1.87    
Effective Tax Rate %               17.9 18.8 18.5 18.4 18.4    
Capital Expenditures (As % of Sales) %               0.269 0.514 1.26 0.221 0.352    

Get all company financials in excel:

Download Sample   $19.99

Oct 2018
Statistical Dossier
Dec 2013
Company Report

Geco, a.s. (also known as Geco Tabák) is the largest Czech Republic's tobacco distributor. With the turnover of over CZK 17 bil, the Company ranked 49th among the largest companies in the Czech Republic by sales in 2012. Geco is the major purchaser and distributor of Philip Morris's tobacco products. The Company operates 250 retail stores throughout the country in 95 cities. Since 2000, the Company has been operating on the Slovak market

Finance

Geco has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 13.1% a year during that time to total of CZK 509 mil in 2017, or 1.48% of sales. That’s compared to 1.49% average margin seen in last five years.

The company netted CZK 371 mil in 2017 implying ROE of 58.4% and ROCE of 31.4%. Again, the average figures were 53.1% and 29.9%, respectively when looking at the previous 5 years.

Geco’s net debt amounted to CZK 301 mil at the end of 2017, or 47.3% of equity. When compared to EBITDA, net debt was 0.592x, down when compared to average of 1.01x seen in the last 5 years.