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...
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,...
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:
| 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 | 17.6 | |||||
| Gross Profit | CZK mil | -2.31 | 1.36 | 1.13 | 6.57 | 4.07 | |||||
| EBIT | CZK mil | -4.10 | 0.537 | 1.53 | 6.02 | 4.25 | |||||
| Net Profit | CZK mil | -4.14 | 0.064 | 0.108 | 5.00 | 3.01 | |||||
| ROE | % | ... | 5.20 | 8.21 | 96.8 | 28.8 | |||||
| EBIT Margin | % | ... | 6.58 | 9.28 | 30.1 | 24.1 | |||||
| Net Margin | % | ... | 0.785 | 0.655 | 25.0 | 17.1 | |||||
| Employees | 6.00 | 6.00 | 9.00 | 5.00 | 3.00 | ||||||
| balance sheet | |||||||||||
| Total Assets | CZK mil | 3.15 | 8.04 | 18.5 | 21.6 | 42.8 | |||||
| Non-Current Assets | CZK mil | 0.490 | 1.71 | 3.48 | 2.76 | 8.60 | |||||
| Current Assets | CZK mil | 2.62 | 6.24 | 12.6 | 17.4 | 33.7 | |||||
| Shareholders' Equity | CZK mil | 1.20 | 1.26 | 1.37 | 8.96 | 11.9 | |||||
| Liabilities | CZK mil | 1.95 | 6.78 | 17.2 | 12.7 | 30.9 | |||||
| Non-Current Liabilities | CZK mil | 1.60 | 0.591 | 10.8 | 10.8 | 9.51 | |||||
| Current Liabilities | CZK mil | 0.351 | 6.19 | 6.35 | 1.86 | 21.3 | |||||
| Net Debt/EBITDA | -0.348 | -1.33 | 3.39 | 1.39 | 3.04 | ||||||
| Net Debt/Equity | % | 114 | -76.1 | 528 | 120 | 166 | |||||
| Cost of Financing | % | ... | 24.6 | 19.6 | 10.2 | 6.57 | |||||
| cash flow | |||||||||||
| Total Cash From Operations | CZK mil | -3.97 | -1.57 | -6.39 | 0.906 | 11.2 | |||||
| Total Cash From Investing | CZK mil | 0 | -1.41 | -2.38 | -0.900 | -8.08 | |||||
| Total Cash From Financing | CZK mil | 0 | 4.30 | 10.8 | -5.63 | 13.1 | |||||
| Net Change In Cash | CZK mil | -3.97 | 1.32 | 2.04 | -5.63 | 16.3 | |||||
| valuation | |||||||||||
| Market Capitalisation | USD mil | ... | ... | ... | ... | ... | |||||
| Enterprise Value (EV) | USD mil | ... | ... | ... | ... | ... | |||||
| Number Of Shares | mil | 10.0 | 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 | 17.6 | |||||
| Cost of Goods & Services | CZK mil | 4.20 | 6.80 | 15.4 | 13.4 | 13.6 | |||||
| Gross Profit | CZK mil | -2.31 | 1.36 | 1.13 | 6.57 | 4.07 | |||||
| Staff Cost | CZK mil | 2.21 | 2.46 | 3.81 | 2.72 | 2.69 | |||||
| EBITDA | CZK mil | -3.92 | 0.723 | 2.14 | 7.75 | 6.52 | |||||
| Depreciation | CZK mil | 0.174 | 0.186 | 0.608 | 1.73 | 2.26 | |||||
| EBIT | CZK mil | -4.10 | 0.537 | 1.53 | 6.02 | 4.25 | |||||
| Net Financing Cost | CZK mil | 0.048 | 0.473 | 1.42 | 1.02 | 1.24 | |||||
| Financing Cost | CZK mil | 0 | 0.304 | 1.14 | 1.13 | 1.13 | |||||
| Financing Income | CZK mil | 0.007 | 0.074 | 0.044 | 0.591 | 0.077 | |||||
| Extraordinary Cost | CZK mil | 0 | 0 | < -0.001 | 0 | 0.001 | |||||
| Pre-Tax Profit | CZK mil | -4.14 | 0.064 | 0.108 | 5.00 | 3.01 | |||||
| Tax | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||
| Net Profit | CZK mil | -4.14 | 0.064 | 0.108 | 5.00 | 3.01 | |||||
| Net Profit Avail. to Common | CZK mil | -4.14 | 0.064 | 0.108 | 5.00 | 3.01 | |||||
| Dividends | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||
| growth rates | |||||||||||
| Total Revenue Growth | % | ... | ... | 102 | 21.1 | -11.8 | |||||
| Staff Cost Growth | % | ... | ... | 54.7 | -28.5 | -1.14 | |||||
| EBITDA Growth | % | ... | ... | 196 | 263 | -15.9 | |||||
| EBIT Growth | % | ... | ... | 185 | 293 | -29.3 | |||||
| Pre-Tax Profit Growth | % | ... | -102 | 68.8 | 4,528 | -39.8 | |||||
| Net Profit Growth | % | ... | -102 | 68.8 | 4,528 | -39.8 | |||||
| ratios | |||||||||||
| ROE | % | ... | 5.20 | 8.21 | 96.8 | 28.8 | |||||
| ROA | % | ... | 1.14 | 0.813 | 24.9 | 9.34 | |||||
| ROCE | % | ... | 1.50 | 1.18 | 32.1 | 11.7 | |||||
| Gross Margin | % | ... | 16.7 | 6.82 | 32.9 | 23.1 | |||||
| EBITDA Margin | % | ... | 8.86 | 13.0 | 38.8 | 37.0 | |||||
| EBIT Margin | % | ... | 6.58 | 9.28 | 30.1 | 24.1 | |||||
| Net Margin | % | ... | 0.785 | 0.655 | 25.0 | 17.1 | |||||
| Payout Ratio | % | 0 | 0 | 0 | 0 | 0 | |||||
| Cost of Financing | % | ... | 24.6 | 19.6 | 10.2 | 6.57 | |||||
| Net Debt/EBITDA | -0.348 | -1.33 | 3.39 | 1.39 | 3.04 |
| 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 | 3.24 | |||||
| Receivables | CZK mil | 0.141 | 1.30 | 5.27 | 8.51 | 17.1 | |||||
| Inventories | CZK mil | 2.15 | 3.20 | 3.73 | 8.47 | 13.4 | |||||
| Other ST Assets | CZK mil | 0 | 0 | 0 | 0 | 0.001 | |||||
| Current Assets | CZK mil | 2.62 | 6.24 | 12.6 | 17.4 | 33.7 | |||||
| Property, Plant & Equipment | CZK mil | 0.430 | 0.183 | 0.083 | 0.063 | 0.026 | |||||
| LT Investments & Receivables | CZK mil | 0 | 0.003 | 0.003 | 0.013 | 0.013 | |||||
| Intangible Assets | CZK mil | 0.060 | 1.52 | 3.39 | 2.69 | 8.57 | |||||
| Goodwill | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||
| Non-Current Assets | CZK mil | 0.490 | 1.71 | 3.48 | 2.76 | 8.60 | |||||
| Total Assets | CZK mil | 3.15 | 8.04 | 18.5 | 21.6 | 42.8 | |||||
| Trade Payables | CZK mil | 0.079 | 0.356 | 0.042 | 1.06 | 6.41 | |||||
| Short-Term Debt | CZK mil | 0.091 | 0.186 | 0.007 | 0.374 | 13.5 | |||||
| Other ST Liabilities | CZK mil | 0.181 | 5.65 | 6.30 | 0.429 | 1.40 | |||||
| Current Liabilities | CZK mil | 0.351 | 6.19 | 6.35 | 1.86 | 21.3 | |||||
| Long-Term Debt | CZK mil | 1.60 | 0.591 | 10.8 | 10.8 | 9.51 | |||||
| Other LT Liabilities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||
| Non-Current Liabilities | CZK mil | 1.60 | 0.591 | 10.8 | 10.8 | 9.51 | |||||
| Liabilities | CZK mil | 1.95 | 6.78 | 17.2 | 12.7 | 30.9 | |||||
| Preferred Equity and Hybrid Capital | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||
| Share Capital | CZK mil | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | |||||
| Treasury Stock | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||
| Equity Before Minority Interest | CZK mil | 1.20 | 1.26 | 1.37 | 8.96 | 11.9 | |||||
| Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||
| Equity | CZK mil | 1.20 | 1.26 | 1.37 | 8.96 | 11.9 | |||||
| growth rates | |||||||||||
| Total Asset Growth | % | ... | 155 | 130 | 16.8 | 97.8 | |||||
| Shareholders' Equity Growth | % | ... | 5.34 | 8.56 | 554 | 33.2 | |||||
| Net Debt Growth | % | ... | -171 | -853 | 48.6 | 84.1 | |||||
| Total Debt Growth | % | ... | -54.1 | 1,293 | 3.39 | 106 | |||||
| ratios | |||||||||||
| Total Debt | CZK mil | 1.69 | 0.777 | 10.8 | 11.2 | 23.0 | |||||
| Net Debt | CZK mil | 1.36 | -0.961 | 7.24 | 10.8 | 19.8 | |||||
| Working Capital | CZK mil | 2.21 | 4.15 | 8.96 | 15.9 | 24.1 | |||||
| Capital Employed | CZK mil | 2.70 | 5.85 | 12.4 | 18.7 | 32.7 | |||||
| Net Debt/Equity | % | 114 | -76.1 | 528 | 120 | 166 | |||||
| Current Ratio | 7.46 | 1.01 | 1.98 | 9.35 | 1.58 | ||||||
| Quick Ratio | 1.34 | 0.490 | 1.39 | 4.80 | 0.954 |
| 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 | 3.01 | |||||
| Depreciation | CZK mil | 0.174 | 0.186 | 0.608 | 1.73 | 2.26 | |||||
| Non-Cash Items | CZK mil | 0 | 0.006 | < 0.001 | -0.121 | -0.020 | |||||
| Change in Working Capital | CZK mil | 0 | -1.83 | -7.10 | -5.71 | 5.99 | |||||
| Total Cash From Operations | CZK mil | -3.97 | -1.57 | -6.39 | 0.906 | 11.2 | |||||
| Capital Expenditures | CZK mil | 0 | -1.41 | -2.38 | -0.900 | -8.08 | |||||
| Other Investing Activities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||
| Total Cash From Investing | CZK mil | 0 | -1.41 | -2.38 | -0.900 | -8.08 | |||||
| Dividends Paid | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||
| Issuance Of Shares | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||
| Issuance Of Debt | CZK mil | 0 | 4.30 | 10.8 | -5.63 | 13.1 | |||||
| Total Cash From Financing | CZK mil | 0 | 4.30 | 10.8 | -5.63 | 13.1 | |||||
| Net Change In Cash | CZK mil | -3.97 | 1.32 | 2.04 | -5.63 | 16.3 | |||||
| ratios | |||||||||||
| Days Sales Outstanding | days | 27.2 | 58.2 | 117 | 155 | 355 | |||||
| Days Sales Of Inventory | days | 187 | 172 | 88.6 | 231 | 360 | |||||
| Days Payable Outstanding | days | 6.87 | 19.1 | 0.998 | 28.8 | 172 | |||||
| Cash Conversion Cycle | days | 207 | 211 | 204 | 357 | 542 | |||||
| Cash Earnings | CZK mil | -3.97 | 0.250 | 0.716 | 6.73 | 5.27 | |||||
| Free Cash Flow | CZK mil | -3.97 | -2.98 | -8.77 | 0.006 | 3.16 | |||||
| Capital Expenditures (As % of Sales) | % | 0 | 17.3 | 14.4 | 4.51 | 45.8 |
| other ratios | Unit | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Employees | 6.00 | 6.00 | 9.00 | 5.00 | 3.00 | ||||||
| Cost Per Employee | USD per month | 1,308 | 1,563 | 1,564 | 2,063 | 3,370 | |||||
| Cost Per Employee (Local Currency) | CZK per month | 30,694 | 34,194 | 35,259 | 45,400 | 74,806 | |||||
| Staff Cost (As % of Sales) | % | ... | 30.2 | 23.1 | 13.6 | 15.3 | |||||
| Effective Tax Rate | % | 0 | 0 | 0 | 0 | 0 | |||||
| Total Revenue Growth (5-year average) | % | ... | ... | ... | ... | ... |
| 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 | 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 | 0.301 | |||||
| Cash Earnings Per Share | CZK | -0.397 | 0.025 | 0.072 | 0.673 | 0.527 | |||||
| Free Cash Flow Per Share | CZK | -0.397 | -0.298 | -0.877 | < 0.001 | 0.316 | |||||
| Book Value Per Share | CZK | 0.120 | 0.126 | 0.137 | 0.896 | 1.19 | |||||
| Dividend Per Share | CZK | 0 | 0 | 0 | 0 | 0 | |||||
| EV/Sales | ... | ... | ... | ... | ... | ||||||
| EV/EBIT | ... | ... | ... | ... | ... | ||||||
| EV/Free Cash Flow | ... | ... | ... | ... | ... | ||||||
| EV/Capital Employed | ... | ... | ... | ... | ... | ||||||
| Earnings Per Share Growth | % | ... | -102 | 68.8 | 4,528 | -39.8 | |||||
| Cash Earnings Per Share Growth | % | ... | -106 | 186 | 840 | -21.7 | |||||
| Book Value Per Share Growth | % | ... | 5.34 | 8.56 | 554 | 33.2 |
Get all company financials in excel:
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...
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...
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 ...
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...
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 ...
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 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.
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.
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