HAME

HAME's Cash & Cash Equivalents fell 2.06% yoy to CZK 135 mil in 2016

By Helgi Analytics - April 2, 2020

HAME's total assets reached CZK 3,969 mil at the end of 2016, down 8.61% compared to the previous year. Current as...

Profit Statement 2014 2015 2016
Sales CZK mil 3,573 3,835 3,858
Gross Profit CZK mil 540 541 540
EBITDA CZK mil 280 183 202
EBIT CZK mil 69.5 -27.7 9.14
Financing Cost CZK mil -230 -53.3 -246
Pre-Tax Profit CZK mil 300 25.5 255
Net Profit CZK mil 275 33.1 252
Dividends CZK mil 278 21.7 ...
Balance Sheet 2014 2015 2016
Total Assets CZK mil 4,879 4,343 3,969
Non-Current Assets CZK mil 3,171 2,650 2,518
Current Assets CZK mil 1,699 1,689 1,449
Working Capital CZK mil 906 890 862
Shareholders' Equity CZK mil 2,518 2,261 2,515
Liabilities CZK mil 2,361 2,081 1,454
Total Debt CZK mil 1,392 904 607
Net Debt CZK mil 1,249 767 472
Ratios 2014 2015 2016
ROE % 10.9 1.39 10.6
ROCE % 6.62 0.870 7.29
Gross Margin % 15.1 14.1 14.0
EBITDA Margin % 7.85 4.77 5.23
EBIT Margin % 1.95 -0.723 0.237
Net Margin % 7.69 0.864 6.54
Net Debt/EBITDA 4.46 4.19 2.34
Net Debt/Equity % 49.6 33.9 18.8
Cost of Financing % -16.2 -4.64 -32.5
Cash Flow 2014 2015 2016
Total Cash From Operations CZK mil ... 163 213
Total Cash From Investing CZK mil ... 465 270
Total Cash From Financing CZK mil ... -633 -486
Net Change In Cash CZK mil ... -5.03 -2.73
Cash Conversion Cycle days 94.0 84.5 83.7
Cash Earnings CZK mil 486 244 445
Free Cash Flow CZK mil ... 628 483

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summary Unit 2009 2010 2011 2012 2013 2014 2015 2016
income statement                
Sales CZK mil   3,485 3,463 3,411 3,385 3,573    
Gross Profit CZK mil   544 593 498 505 540    
EBIT CZK mil   213 71.1 51.2 56.9 69.5    
Net Profit CZK mil   153 133 540 295 275    
ROE %   8.25 6.66 23.1 11.5 10.9    
EBIT Margin %   6.11 2.05 1.50 1.68 1.95    
Net Margin %   4.39 3.85 15.8 8.71 7.69    
Employees   882 870 850 826 830    
balance sheet                
Total Assets CZK mil   4,757 4,494 5,172 4,956 4,879    
Non-Current Assets CZK mil   3,279 3,123 3,731 3,419 3,171    
Current Assets CZK mil   1,443 1,354 1,423 1,522 1,699    
Shareholders' Equity CZK mil   1,938 2,072 2,610 2,539 2,518    
Liabilities CZK mil   2,819 2,421 2,561 2,418 2,361    
Non-Current Liabilities CZK mil   309 317 312 302 309    
Current Liabilities CZK mil   1,054 1,057 660 777 806    
Net Debt/EBITDA   3.66 4.37 6.67 5.04 4.46    
Net Debt/Equity %   77.1 55.9 64.6 52.5 49.6    
Cost of Financing % ... 4.36 -4.98 -32.7 -16.2 -16.2    
cash flow                
Total Cash From Operations CZK mil ... ... ... ... ... ...    
Total Cash From Investing CZK mil ... ... ... ... ... ...    
Total Cash From Financing CZK mil ... ... ... ... ... ...    
Net Change In Cash CZK mil ... ... ... ... ... ...    
income statement Unit 2009 2010 2011 2012 2013 2014 2015 2016
income statement                
Sales CZK mil   3,485 3,463 3,411 3,385 3,573    
Cost of Goods & Services CZK mil   2,942 2,870 2,913 2,880 3,033    
Gross Profit CZK mil   544 593 498 505 540    
Staff Cost CZK mil   285 309 305 287 298    
Other Cost CZK mil   -150 18.5 -60.4 -46.5 -39.1    
EBITDA CZK mil   409 265 253 265 280    
Depreciation CZK mil   196 194 202 208 211    
EBIT CZK mil   213 71.1 51.2 56.9 69.5    
Financing Cost CZK mil   84.4 -70.7 -483 -258 -230    
Extraordinary Cost CZK mil   0 0 0 0 0    
Pre-Tax Profit CZK mil   129 142 535 315 300    
Tax CZK mil   -24.6 8.34 -5.55 20.5 25.2    
Minorities CZK mil   0 0 0 0 0    
Net Profit CZK mil   153 133 540 295 275    
Dividends CZK mil ... ... ... ... ... 278   ...
growth rates                
Total Revenue Growth % ... -33.0 -0.657 -1.50 -0.752 5.55    
Operating Cost Growth % ... -88.4 143 -25.1 -1.87 7.92    
EBITDA Growth % ... -159 -35.1 -4.78 4.70 5.90    
EBIT Growth % ... -122 -66.6 -28.1 11.2 22.2    
Pre-Tax Profit Growth % ... -112 10.3 277 -41.0 -4.85    
Net Profit Growth % ... -115 -12.8 305 -45.4 -6.78    
ratios                
ROE %   8.25 6.66 23.1 11.5 10.9    
ROCE % ... 3.81 3.59 13.2 6.71 6.62    
Gross Margin %   15.6 17.1 14.6 14.9 15.1    
EBITDA Margin %   11.7 7.67 7.41 7.82 7.85    
EBIT Margin %   6.11 2.05 1.50 1.68 1.95    
Net Margin %   4.39 3.85 15.8 8.71 7.69    
Payout Ratio % ... ... ... ... ... 101   ...
Cost of Financing % ... 4.36 -4.98 -32.7 -16.2 -16.2    
Net Debt/EBITDA   3.66 4.37 6.67 5.04 4.46    
balance sheet Unit 2009 2010 2011 2012 2013 2014 2015 2016
balance sheet                
Non-Current Assets CZK mil   3,279 3,123 3,731 3,419 3,171    
Property, Plant & Equipment CZK mil   900 2,230 2,070 1,919 1,777    
Intangible Assets CZK mil   10.7 10.2 13.9 40.9 35.6    
Current Assets CZK mil   1,443 1,354 1,423 1,522 1,699    
Inventories CZK mil   478 478 500 501 578    
Receivables CZK mil   811 700 692 789 828    
Cash & Cash Equivalents CZK mil   122 63.9 45.7 116 143    
Total Assets CZK mil   4,757 4,494 5,172 4,956 4,879    
Shareholders' Equity CZK mil   1,938 2,072 2,610 2,539 2,518    
Of Which Minority Interest CZK mil   0 0 0 0 0    
Liabilities CZK mil   2,819 2,421 2,561 2,418 2,361    
Non-Current Liabilities CZK mil   309 317 312 302 309    
Long-Term Debt CZK mil   845 657 649 505 275    
Deferred Tax Liabilities CZK mil   309 317 312 290 265    
Current Liabilities CZK mil   1,054 1,057 660 777 806    
Short-Term Debt CZK mil   772 566 1,083 944 1,116    
Trade Payables CZK mil   726 703 361 487 500    
Provisions CZK mil   23.3 12.4 8.98 50.4 37.1    
Equity And Liabilities CZK mil   4,757 4,494 5,172 4,956 4,879    
growth rates                
Total Asset Growth % ... -6.80 -5.53 15.1 -4.16 -1.56    
Shareholders' Equity Growth % ... 9.35 6.95 26.0 -2.75 -0.813    
Net Debt Growth % ... -26.8 -22.5 45.4 -20.9 -6.33    
Total Debt Growth % ... -28.3 -24.4 41.6 -16.3 -3.99    
ratios                
Total Debt CZK mil   1,617 1,223 1,732 1,449 1,392    
Net Debt CZK mil   1,495 1,159 1,686 1,333 1,249    
Working Capital CZK mil   562 475 831 803 906    
Capital Employed CZK mil   3,841 3,598 4,562 4,222 4,077    
Net Debt/Equity %   77.1 55.9 64.6 52.5 49.6    
Cost of Financing % ... 4.36 -4.98 -32.7 -16.2 -16.2    
cash flow Unit 2009 2010 2011 2012 2013 2014 2015 2016
cash flow                
Net Profit CZK mil   153 133 540 295 275    
Depreciation CZK mil   196 194 202 208 211    
Non-Cash Items CZK mil ... ... ... ... ... ...    
Change in Working Capital CZK mil ... ... ... ... ... ...    
Total Cash From Operations CZK mil ... ... ... ... ... ...    
Capital Expenditures CZK mil ... ... ... ... ... ...    
Other Investments CZK mil ... ... ... ... ... ...    
Total Cash From Investing CZK mil ... ... ... ... ... ...    
Dividends Paid CZK mil ... ... ... ... ... ...    
Issuance Of Shares CZK mil ... ... ... ... ... ...    
Issuance Of Debt CZK mil ... ... ... ... ... ...    
Total Cash From Financing CZK mil ... ... ... ... ... ...    
Net Change In Cash CZK mil ... ... ... ... ... ...    
ratios                
Days Sales Outstanding days   84.9 73.8 74.1 85.1 84.6    
Days Sales Of Inventory days   59.3 60.9 62.6 63.5 69.6    
Days Payable Outstanding days   90.1 89.4 45.3 61.7 60.2    
Cash Conversion Cycle days   54.1 45.2 91.5 86.9 94.0    
Cash Earnings CZK mil   349 328 742 503 486    
Free Cash Flow CZK mil ... ... ... ... ... ...    
other data Unit 2009 2010 2011 2012 2013 2014 2015 2016
other data                
ROA %   3.10 2.89 11.2 5.82 5.59    
Gross Margin %   15.6 17.1 14.6 14.9 15.1    
Employees   882 870 850 826 830    
Cost Per Employee USD per month   1,411 1,671 1,530 1,479 1,402    
Cost Per Employee (Local Currency) CZK per month   26,962 29,561 29,924 28,931 29,960    
Staff Cost (As % Of Total Cost) %   8.72 9.10 9.09 8.62 8.52    
Effective Tax Rate %   -19.1 5.88 -1.04 6.49 8.39    
Export of Products CZK mil   500 530 592 610 674    
Domestic Sales of Products CZK mil   957 993 893 813 817    
Export of Services CZK mil   17.3 26.2 11.9 7.29 2.38    
Domestic Sales of Services CZK mil   10.6 8.72 1.24 5.80 3.41    
Export of Goods CZK mil   449 447 504 611 623    
Domestic Sales of Goods CZK mil   1,541 1,416 1,376 1,326 1,403    
Sales of Material CZK mil   1,067 991 1,038 1,168 1,301    
Other Sales CZK mil   44.3 5.82 29.0 20.5 13.8    

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Nov 2018
Statistical Dossier
Mar 2014
Statistical Dossier
Mar 2014
Company Report

HAMÉ s.r.o. is a Czech Republic-based food manufacturing company producing durable and chilled foods. The Company's product portfolio includes ketchups, pates, canned meat, ready made foods, vegetable products, mixed fruits, jams, stewed fruit, baby foods, sandwiches and many others. The Company exports approximately 30% of its production to more than 35 countries all over the globe, amongst others in Russia, Romania, Austria, Hungary, Bulgaria, Slovenia or Kazakhstan. The history of the Company dates back to 1922, when a tradesman from Huštenovice established a canning shop in Babice and started making fruit marmalades, plum jams, fruit juices and alcoholic drinks. In 1933 the production plant was bought by Biochema Company from Brno and the name HAMÉ was introduced.

Finance

HAME has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 5.33% a year during that time to total of CZK 202 mil in 2016, or 5.23% of sales. That’s compared to 6.62% average margin seen in last five years.

The company netted CZK 252 mil in 2016 implying ROE of 10.6% and ROCE of 7.29%. Again, the average figures were 11.5% and 6.95%, respectively when looking at the previous 5 years.

HAME’s net debt amounted to CZK 472 mil at the end of 2016, or 18.8% of equity. When compared to EBITDA, net debt was 2.34x, down when compared to average of 4.54x seen in the last 5 years.