By Helgi Analytics - September 20, 2022
HARDWARIO made a net profit of CZK 3.01 mil with revenues of CZK 17.6 mil in 2021, down by 39.8% and down by 11.8%, ...
By Helgi Analytics - September 29, 2022
HARDWARIO employed 3.29 employees in 2021, down 34.2% compared to the previous year. Historically, between 2017 and 202...
By Helgi Analytics - September 20, 2022
HARDWARIO invested a total of CZK 8.08 mil in 2021, up 798% compared to the previous year. Historically, between 2017 - ...
| Profit Statement | 2019 | 2020 | 2021 | |
| Sales | CZK mil | 16.5 | 20.0 | 17.6 |
| Gross Profit | CZK mil | 1.13 | 6.57 | 4.07 |
| EBITDA | CZK mil | 2.14 | 7.75 | 6.52 |
| EBIT | CZK mil | 1.53 | 6.02 | 4.25 |
| Financing Cost | CZK mil | 1.14 | 1.13 | 1.13 |
| Pre-Tax Profit | CZK mil | 0.108 | 5.00 | 3.01 |
| Net Profit | CZK mil | 0.108 | 5.00 | 3.01 |
| Dividends | CZK mil | 0 | 0 | 0 |
| Balance Sheet | 2019 | 2020 | 2021 | |
| Total Assets | CZK mil | 18.5 | 21.6 | 42.8 |
| Non-Current Assets | CZK mil | 3.48 | 2.76 | 8.60 |
| Current Assets | CZK mil | 12.6 | 17.4 | 33.7 |
| Working Capital | CZK mil | 8.96 | 15.9 | 24.1 |
| Shareholders' Equity | CZK mil | 1.37 | 8.96 | 11.9 |
| Liabilities | CZK mil | 17.2 | 12.7 | 30.9 |
| Total Debt | CZK mil | 10.8 | 11.2 | 23.0 |
| Net Debt | CZK mil | 7.24 | 10.8 | 19.8 |
| Ratios | 2019 | 2020 | 2021 | |
| ROE | % | 8.21 | 96.8 | 28.8 |
| ROCE | % | 1.18 | 32.1 | 11.7 |
| Gross Margin | % | 6.82 | 32.9 | 23.1 |
| EBITDA Margin | % | 13.0 | 38.8 | 37.0 |
| EBIT Margin | % | 9.28 | 30.1 | 24.1 |
| Net Margin | % | 0.655 | 25.0 | 17.1 |
| Net Debt/EBITDA | 3.39 | 1.39 | 3.04 | |
| Net Debt/Equity | % | 528 | 120 | 166 |
| Cost of Financing | % | 19.6 | 10.2 | 6.57 |
| Valuation | 2019 | 2020 | 2021 | |
| Number Of Shares | mil | 10.0 | 10.0 | 10.0 |
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 | ||||||
| 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 | ||||||
| Staff Cost | CZK mil | 2.21 | 2.46 | 3.81 | 2.72 | ||||||
| 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 | ||||||
| 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 | ||||||
| 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 | ||||||
| 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 | ||||||
| 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 | ||||||
| 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 | ||||||
| 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 | ||||||
| Staff Cost (As % of Sales) | % | ... | 30.2 | 23.1 | 13.6 | ||||||
| Effective Tax Rate | % | 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 | ||||||
| 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 |
Get all company financials in excel:
By Helgi Analytics - September 20, 2022
HARDWARIO made a net profit of CZK 3.01 mil in 2021, down 39.8% compared to the previous year. Historically, between 2017 and 2021, the company's net profit reached a high of CZK 5.00 mil in 2020 and a low of CZK -4.14 mil in 2017. The result implies a re...
By Helgi Analytics - September 20, 2022
HARDWARIO's net debt stood at CZK 19.8 mil and accounted for 166% of equity at the end of 2021. The ratio is up 45.8 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 -76...
By Helgi Analytics - September 20, 2022
HARDWARIO made a net profit of CZK 3.01 mil with revenues of CZK 17.6 mil in 2021, down by 39.8% and down by 11.8%, respectively, compared to the previous year. This translates into a net margin of 17.1%. Historically, between 2018 and 2021, the fir...
By Helgi Analytics - September 29, 2022
HARDWARIO stock traded at per share at the end translating into a market capitalization of . Since the end of -5, stock has appreciated by 0% representing an annual average growth of %. In absolute terms, the value of the company rose by US...
By Helgi Analytics - September 26, 2022
HARDWARIO stock traded at per share at the end implying a market capitalization of . Since the end of -5, stock has appreciated by % implying an annual average growth of % In absolute terms, the value of the company rose by USD 0 mil. Histori...
By Helgi Analytics - September 20, 2022
HARDWARIO stock traded at per share at the end translating into a market capitalization of . Since the end of -5, the stock has appreciated by 0% representing an annual average growth of %. At the end of , the firm traded at price to earnings of x. ...
By Helgi Analytics - August 10, 2022
HARDWARIO stock traded at per share at the end implying a market capitalization of . Since the end of -5, stock has appreciated by % implying an annual average growth of % In absolute terms, the value of the company rose by USD 0 mil. Histori...
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 21.6% average margin seen in last five years.
The company netted CZK 33.4 mil in 2026 implying ROE of 27.1% and ROCE of 27.4%. Again, the average figures were 10.9% and 12.8%, respectively when looking at the previous 5 years.
HARDWARIO’s net debt amounted to CZK 0.672 mil at the end of 2026, or 0.480% of equity. When compared to EBITDA, net debt was 0.012x, up when compared to average of -2.86x seen in the last 5 years.
HARDWARIO stock traded at CZK 20.0 per share at the end of 2026 resulting in a market capitalization of USD 11.7 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 5.21x and price to earnings (PE) of 8.60x as of 2026.
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