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HARDWARIO

HARDWARIO's net profit fell 296% yoy to CZK -5.90 mil in 2022

By Helgi Library - June 14, 2023

HARDWARIO made a net profit of CZK -5.90 mil with revenues of CZK 29.4 mil in 2022, down by 296% and up by 66.9%, r...

HARDWARIO's employees rose 33.3% yoy to 4.00 in 2022

By Helgi Library - June 14, 2023

HARDWARIO employed 4.00 employees in 2022, up 33.3% compared to the previous year. Historically, between 2017 and 2022,...

HARDWARIO's price/earnings (P/E) remain unchanged yoy at -36.5 in 2022

By Helgi Library - June 14, 2023

HARDWARIO stock traded at CZK 15.0 per share at the end 2022 translating into a market capitalization of USD 9.80 mil. Since the ...

Profit Statement 2024 2025 2026
Sales CZK mil 96.5 155 229
Gross Profit CZK mil 38.2 55.0 80.8
EBITDA CZK mil 19.0 32.0 55.3
EBIT CZK mil 11.8 23.1 46.1
Financing Cost CZK mil 2.54 2.85 3.03
Pre-Tax Profit CZK mil 9.55 20.4 43.2
Net Profit CZK mil 7.01 15.5 33.4
Dividends CZK mil 0 0 0
Balance Sheet 2024 2025 2026
Total Assets CZK mil 147 191 258
Non-Current Assets CZK mil 16.2 17.3 19.4
Current Assets CZK mil 143 204 272
Working Capital CZK mil 52.7 84.0 124
Shareholders' Equity CZK mil 79.2 94.7 128
Liabilities CZK mil 67.6 96.0 130
Total Debt CZK mil 49.2 70.6 95.9
Net Debt CZK mil -23.2 -26.4 -20.5
Ratios 2024 2025 2026
ROE % 9.26 17.9 30.0
ROCE % 11.6 18.3 27.4
Gross Margin % 39.6 35.4 35.3
EBITDA Margin % 19.7 20.6 24.2
EBIT Margin % 12.2 14.9 20.2
Net Margin % 7.26 10.0 14.6
Net Debt/EBITDA -1.22 -0.824 -0.370
Net Debt/Equity % -29.3 -27.8 -16.0
Cost of Financing % 8.43 4.76 3.65
Valuation 2024 2025 2026
Market Capitalisation USD mil 9.80 9.80 9.80
Enterprise Value (EV) USD mil 8.74 8.60 8.87
Number Of Shares mil 14.4 14.4 14.4
Share Price CZK 15.0 15.0 15.0
EV/EBITDA 10.1 5.92 3.52
EV/Sales 1.99 1.22 0.853
Price/Earnings (P/E) 30.8 13.9 6.45
Price/Book Value (P/BV) 2.72 2.28 1.68
Dividend Yield % 0 0 0

Get all company financials in excel:

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overview Unit 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
income statement                    
Sales CZK mil 1.89 8.16 16.5 20.0            
Gross Profit CZK mil -2.31 1.36 1.13 6.57            
EBIT CZK mil -4.10 0.537 1.53 6.02            
Net Profit CZK mil -4.14 0.064 0.108 5.00            
                       
ROE % ... 5.20 8.21 96.8            
EBIT Margin % ... 6.58 9.28 30.1            
Net Margin % ... 0.785 0.655 25.0            
Employees 6.00 6.00 9.00 5.00            
balance sheet                    
Total Assets CZK mil 3.15 8.04 18.5 21.6            
Non-Current Assets CZK mil 0.490 1.71 3.48 2.76            
Current Assets CZK mil 2.62 6.24 12.6 17.4            
                       
Shareholders' Equity CZK mil 1.20 1.26 1.37 8.96            
Liabilities CZK mil 1.95 6.78 17.2 12.7            
Non-Current Liabilities CZK mil 1.60 0.591 10.8 10.8            
Current Liabilities CZK mil 0.351 6.19 6.35 1.86            
                       
Net Debt/EBITDA -0.348 -1.33 3.39 1.39            
Net Debt/Equity % 114 -76.1 528 120            
Cost of Financing % ... 24.6 19.6 10.2            
cash flow                    
Total Cash From Operations CZK mil -3.97 -1.57 -6.39 0.906            
Total Cash From Investing CZK mil 0 -1.41 -2.38 -0.900            
Total Cash From Financing CZK mil 0 4.30 10.8 -5.63            
Net Change In Cash CZK mil -3.97 1.32 2.04 -5.63            
valuation                    
Market Capitalisation USD mil ... ... ... ... ...          
Enterprise Value (EV) USD mil ... ... ... ... ...          
Number Of Shares mil 10.0 10.0 10.0 10.0            
Share Price CZK ... ... ... ... ...          
Price/Earnings (P/E) ... ... ... ... ...          
Price/Cash Earnings (P/CE) ... ... ... ... ...          
EV/EBITDA ... ... ... ... ...          
Price/Book Value (P/BV) ... ... ... ... ...          
Dividend Yield % ... ... ... ... ...          
income statement Unit 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
income statement                    
Sales CZK mil 1.89 8.16 16.5 20.0            
Cost of Goods & Services CZK mil 4.20 6.80 15.4 13.4            
Gross Profit CZK mil -2.31 1.36 1.13 6.57            
Selling, General & Admin CZK mil ... ... ... ... ... ... ... ... ... ...
Research & Development CZK mil ... ... ... ... ... ... ... ... ... ...
Other Operating Expense CZK mil ... ... ... ... ... ... ... ... ... ...
Staff Cost CZK mil 2.21 2.46 3.81 2.72            
Other Operating Cost (Income) CZK mil ... ... ... ... ... ... ... ... ... ...
EBITDA CZK mil -3.92 0.723 2.14 7.75            
Depreciation CZK mil 0.174 0.186 0.608 1.73            
EBIT CZK mil -4.10 0.537 1.53 6.02            
Net Financing Cost CZK mil 0.048 0.473 1.42 1.02            
Financing Cost CZK mil 0 0.304 1.14 1.13            
Financing Income CZK mil 0.007 0.074 0.044 0.591            
FX (Gain) Loss CZK mil ... ... ... ... ... ... ... ... ... ...
(Income) / Loss from Affiliates CZK mil ... ... ... ... ... ... ... ... ... ...
Extraordinary Cost CZK mil 0 0 < -0.001 0            
Pre-Tax Profit CZK mil -4.14 0.064 0.108 5.00            
Tax CZK mil 0 0 0 0            
Minorities CZK mil 0 0 0 0            
Net Profit CZK mil -4.14 0.064 0.108 5.00            
Net Profit Avail. to Common CZK mil -4.14 0.064 0.108 5.00            
Dividends CZK mil 0 0 0 0            
growth rates                    
Total Revenue Growth % ... ... 102 21.1            
Operating Cost Growth % ... ... ... ... ... ... ... ... ... ...
Staff Cost Growth % ... ... 54.7 -28.5            
EBITDA Growth % ... ... 196 263            
EBIT Growth % ... ... 185 293            
Pre-Tax Profit Growth % ... ... 68.8 4,528            
Net Profit Growth % ... ... 68.8 4,528            
ratios                    
ROE % ... 5.20 8.21 96.8            
ROA % ... 1.14 0.813 24.9            
ROCE % ... 1.50 1.18 32.1            
Gross Margin % ... 16.7 6.82 32.9            
EBITDA Margin % ... 8.86 13.0 38.8            
EBIT Margin % ... 6.58 9.28 30.1            
Net Margin % ... 0.785 0.655 25.0            
Payout Ratio % 0 0 0 0            
Cost of Financing % ... 24.6 19.6 10.2            
Net Debt/EBITDA -0.348 -1.33 3.39 1.39            
balance sheet Unit 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
balance sheet                    
Cash & Cash Equivalents CZK mil 0.328 1.74 3.58 0.421            
Receivables CZK mil 0.141 1.30 5.27 8.51            
Unbilled Revenues CZK mil ... ... ... ... ... ... ... ... ... ...
Inventories CZK mil 2.15 3.20 3.73 8.47            
Other ST Assets CZK mil 0 0 0 0            
Current Assets CZK mil 2.62 6.24 12.6 17.4            
Property, Plant & Equipment CZK mil 0.430 0.183 0.083 0.063            
LT Investments & Receivables CZK mil 0 0.003 0.003 0.013            
Intangible Assets CZK mil 0.060 1.52 3.39 2.69            
Goodwill CZK mil 0 0 0 0            
Non-Current Assets CZK mil 0.490 1.71 3.48 2.76            
Total Assets CZK mil 3.15 8.04 18.5 21.6            
                       
Trade Payables CZK mil 0.079 0.356 0.042 1.06            
Short-Term Debt CZK mil 0.091 0.186 0.007 0.374            
Other ST Liabilities CZK mil 0.181 5.65 6.30 0.429            
Current Liabilities CZK mil 0.351 6.19 6.35 1.86            
Long-Term Debt CZK mil 1.60 0.591 10.8 10.8            
Other LT Liabilities CZK mil 0 0 0 0            
Non-Current Liabilities CZK mil 1.60 0.591 10.8 10.8            
Liabilities CZK mil 1.95 6.78 17.2 12.7            
Preferred Equity and Hybrid Capital CZK mil 0 0 0 0            
Share Capital CZK mil 10.0 10.0 10.0 10.0            
Treasury Stock CZK mil 0 0 0 0            
Equity Before Minority Interest CZK mil 1.20 1.26 1.37 8.96            
Minority Interest CZK mil 0 0 0 0            
Equity CZK mil 1.20 1.26 1.37 8.96            
growth rates                    
Total Asset Growth % ... 155 130 16.8            
Shareholders' Equity Growth % ... 5.34 8.56 554            
Net Debt Growth % ... -171 -853 48.6            
Total Debt Growth % ... -54.1 1,293 3.39            
ratios                    
Total Debt CZK mil 1.69 0.777 10.8 11.2            
Net Debt CZK mil 1.36 -0.961 7.24 10.8            
Working Capital CZK mil 2.21 4.15 8.96 15.9            
Capital Employed CZK mil 2.70 5.85 12.4 18.7            
Net Debt/Equity % 114 -76.1 528 120            
Current Ratio 7.46 1.01 1.98 9.35            
Quick Ratio 1.34 0.490 1.39 4.80            
cash flow Unit 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
cash flow                    
Net Profit CZK mil -4.14 0.064 0.108 5.00            
Depreciation CZK mil 0.174 0.186 0.608 1.73            
Non-Cash Items CZK mil 0 0.006 < 0.001 -0.121            
Change in Working Capital CZK mil 0 -1.83 -7.10 -5.71            
Total Cash From Operations CZK mil -3.97 -1.57 -6.39 0.906            
                       
Capital Expenditures CZK mil 0 -1.41 -2.38 -0.900            
Net Change in LT Investment CZK mil ... ... ... ... ... ... ... ... ... ...
Net Cash From Acquisitions CZK mil ... ... ... ... ... ... ... ... ... ...
Other Investing Activities CZK mil 0 0 0 0            
Total Cash From Investing CZK mil 0 -1.41 -2.38 -0.900            
                       
Dividends Paid CZK mil 0 0 0 0            
Issuance Of Shares CZK mil 0 0 0 0            
Issuance Of Debt CZK mil 0 4.30 10.8 -5.63            
Other Financing Activities CZK mil ... ... ... ... ... ... ... ... ... ...
Total Cash From Financing CZK mil 0 4.30 10.8 -5.63            
                       
Effect of FX Rates CZK mil ... ... ... ... ... ... ... ... ... ...
Net Change In Cash CZK mil -3.97 1.32 2.04 -5.63            
ratios                    
Days Sales Outstanding days 27.2 58.2 117 155            
Days Sales Of Inventory days 187 172 88.6 231            
Days Payable Outstanding days 6.87 19.1 0.998 28.8            
Cash Conversion Cycle days 207 211 204 357            
Cash Earnings CZK mil -3.97 0.250 0.716 6.73            
Free Cash Flow CZK mil -3.97 -2.98 -8.77 0.006            
Capital Expenditures (As % of Sales) % 0 17.3 14.4 4.51            
other ratios Unit 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
                     
Employees 6.00 6.00 9.00 5.00            
Cost Per Employee USD per month 1,308 1,563 1,564 2,063            
Cost Per Employee (Local Currency) CZK per month 30,694 34,194 35,259 45,400            
Operating Cost (As % of Sales) % ... ... ... ... ... ... ... ... ... ...
Research & Development (As % of Sales) % ... ... ... ... ... ... ... ... ... ...
Staff Cost (As % of Sales) % ... 30.2 23.1 13.6            
Effective Tax Rate % 0 0 0 0            
Pre-Tax Profit From Abroad CZK mil ... ... ... ... ... ... ... ... ... ...
Revenues From Abroad CZK mil ... ... ... ... ... ... ... ... ... ...
Domestic Revenues CZK mil ... ... ... ... ... ... ... ... ... ...
Revenues From Abroad (As % Of Total) % ... ... ... ... ... ... ... ... ... ...
Profit From Abroad (As % Of Total) % ... ... ... ... ... ... ... ... ... ...
Total Revenue Growth (5-year average) % ... ... ... ... ...          
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ...
Customers mil ... ... ... ... ... ... ... ... ... ...
Branches ... ... ... ... ... ... ... ... ... ...
ATMs ... ... ... ... ... ... ... ... ... ...
Sales from Online CZK mil ... ... ... ... ... ... ... ... ... ...
Sales from Offline CZK mil ... ... ... ... ... ... ... ... ... ...
Sales from Franchizing CZK mil ... ... ... ... ... ... ... ... ... ...
valuation Unit 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
                     
Market Capitalisation USD mil ... ... ... ... ...          
Enterprise Value (EV) USD mil ... ... ... ... ...          
Number Of Shares mil 10.0 10.0 10.0 10.0            
Share Price CZK ... ... ... ... ...          
EV/EBITDA ... ... ... ... ...          
Price/Earnings (P/E) ... ... ... ... ...          
Price/Cash Earnings (P/CE) ... ... ... ... ...          
P/FCF ... ... ... ... ...          
Price/Book Value (P/BV) ... ... ... ... ...          
Dividend Yield % ... ... ... ... ...          
Free Cash Flow Yield % ... ... ... ... ...          
Earnings Per Share (EPS) CZK -0.414 0.006 0.011 0.500            
Cash Earnings Per Share CZK -0.397 0.025 0.072 0.673            
Free Cash Flow Per Share CZK -0.397 -0.298 -0.877 < 0.001            
Book Value Per Share CZK 0.120 0.126 0.137 0.896            
Dividend Per Share CZK 0 0 0 0            
EV/Sales ... ... ... ... ...          
EV/EBIT ... ... ... ... ...          
EV/Free Cash Flow ... ... ... ... ...          
EV/Capital Employed ... ... ... ... ...          
Earnings Per Share Growth % ... -102 68.8 4,528            
Cash Earnings Per Share Growth % ... -106 186 840            
Book Value Per Share Growth % ... 5.34 8.56 554            
Market Value per Customer USD ... ... ... ... ... ... ... ... ... ...
Sales per Customer USD ... ... ... ... ... ... ... ... ... ...
EBITDA per Customer USD ... ... ... ... ... ... ... ... ... ...
Net Profit per Customer USD ... ... ... ... ... ... ... ... ... ...

Get all company financials in excel:

Download Sample   $19.99

HARDWARIO's ROCE fell 220% yoy to -14.1% in 2022

By Helgi Library - June 21, 2023

HARDWARIO made a net profit of CZK -5.90 mil in 2022, down 296% compared to the previous year. Historically, between 2017 and 2022, the company's net profit reached a high of CZK 5.00 mil in 2020 and a low of CZK -5.90 mil in 2022. The result implies a re...

HARDWARIO's Capital Expenditures fell 99.3% yoy to CZK 16.1 mil in 2022

By Helgi Library - June 14, 2023

HARDWARIO invested a total of CZK 16.1 mil in 2022, up 99.3% compared to the previous year. Historically, between 2017 - 2022, the company's investments stood at a high of CZK 16.1 mil in 2022 and a low of CZK 0 mil in 2017. As a perc...

HARDWARIO's P/FCF remain unchanged yoy at -18.9 in 2022

By Helgi Library - June 14, 2023

HARDWARIO stock traded at CZK 15.0 per share at the end 2022 translating into a market capitalization of USD 9.80 mil. Since the end of 2017, the stock has appreciated by 0% representing an annual average growth of %. At the end of 2022, the firm traded ...

HARDWARIO's Share Price remain unchanged yoy at CZK 15.0 in 2022

By Helgi Library - June 14, 2023

HARDWARIO stock traded at CZK 15.0 per share at the end 2022 implying a market capitalization of USD 9.80 mil. Since the end of 2017, stock has appreciated by % implying an annual average growth of % In absolute terms, the value of the company rose b...

HARDWARIO's Net Debt/EBITDA rose 908% yoy to 30.6 in 2022

By Helgi Library - June 14, 2023

HARDWARIO's net debt stood at CZK -19.6 mil and accounted for -28.0% of equity at the end of 2022. The ratio is down 194 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 528% in 2019 and a low of ...

HARDWARIO's Net Margin fell 217% yoy to -20.1% in 2022

By Helgi Library - June 14, 2023

HARDWARIO made a net profit of CZK -5.90 mil with revenues of CZK 29.4 mil in 2022, down by 296% and up by 66.9%, respectively, compared to the previous year. This translates into a net margin of -20.1%. Historically, between 2018 and 2022, the firm...

Hardwario's Share Price remain unchanged yoy at CZK 239 in 2031

By Helgi Library - August 10, 2022

HARDWARIO stock traded at CZK 15.0 per share at the end 2022 implying a market capitalization of USD 9.80 mil. Since the end of 2017, stock has appreciated by % implying an annual average growth of % In absolute terms, the value of the company rose b...

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Finance

HARDWARIO has been growing its sales by 67.0% a year on average in the last 5 years. EBITDA has grown on average by 53.4% a year during that time to total of CZK 55.3 mil in 2026, or 24.2% of sales. That’s compared to 16.4% average margin seen in last five years.

The company netted CZK 33.4 mil in 2026 implying ROE of 30.0% and ROCE of 27.4%. Again, the average figures were 9.19% and 9.54%, respectively when looking at the previous 5 years.

HARDWARIO’s net debt amounted to CZK -20.5 mil at the end of 2026, or -16.0% of equity. When compared to EBITDA, net debt was -0.370x, down when compared to average of 4.93x seen in the last 5 years.

Valuation

HARDWARIO stock traded at CZK 15.0 per share at the end of 2026 resulting in a market capitalization of USD 9.80 mil. Over the previous five years, stock price grew by 0% or % a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 3.52x and price to earnings (PE) of 6.45x as of 2026.