| Profit Statement | 2013 | 2014 | 2015 | |
| Sales | HRK mil | 7,179 | 7,032 | 7,017 |
| Gross Profit | HRK mil | 5,378 | 5,175 | 5,123 |
| EBITDA | HRK mil | 2,946 | 2,607 | 2,668 |
| EBIT | HRK mil | 1,632 | 1,225 | 1,199 |
| Financing Cost | HRK mil | 3.00 | 40.0 | 3.00 |
| Pre-Tax Profit | HRK mil | 1,629 | 1,185 | 1,168 |
| Net Profit | HRK mil | 1,441 | 1,143 | 925 |
| Dividends | HRK mil | 737 | 573 | ... |
| Balance Sheet | 2013 | 2014 | 2015 | |
| Total Assets | HRK mil | 12,827 | 13,841 | 14,079 |
| Non-Current Assets | HRK mil | 7,736 | 8,206 | 8,443 |
| Current Assets | HRK mil | 5,091 | 5,635 | 5,636 |
| Working Capital | HRK mil | 212 | 356 | 52.0 |
| Shareholders' Equity | HRK mil | 10,700 | 11,110 | 11,464 |
| Liabilities | HRK mil | 2,127 | 2,731 | 2,615 |
| Total Debt | HRK mil | 5.00 | 315 | 294 |
| Net Debt | HRK mil | -3,365 | -3,415 | -3,739 |
| Ratios | 2013 | 2014 | 2015 | |
| ROE | % | 13.3 | 10.5 | 8.20 |
| ROCE | % | 18.3 | 13.8 | 10.8 |
| Gross Margin | % | 74.9 | 73.6 | 73.0 |
| EBITDA Margin | % | 41.0 | 37.1 | 38.0 |
| EBIT Margin | % | 22.7 | 17.4 | 17.1 |
| Net Margin | % | 20.1 | 16.3 | 13.2 |
| Net Debt/EBITDA | -1.14 | -1.31 | -1.40 | |
| Net Debt/Equity | -0.314 | -0.307 | -0.326 | |
| Cost of Financing | % | 9.49 | 25.0 | 0.985 |
| Valuation | 2013 | 2014 | 2015 | |
| Market Capitalisation | USD mil | 2,629 | 1,982 | 1,867 |
| Enterprise Value (EV) | USD mil | 2,020 | 1,442 | 1,277 |
| Number Of Shares | mil | 81.9 | 81.9 | 81.9 |
| Share Price | HRK | 177 | 153 | 144 |
| EV/EBITDA | 3.91 | 3.28 | 2.84 | |
| EV/Sales | 1.61 | 1.22 | 1.08 | |
| Price/Earnings (P/E) | 10.1 | 11.0 | 12.8 | |
| Price/Book Value (P/BV) | 1.36 | 1.13 | 1.03 | |
| Dividend Yield | % | 5.07 | 4.57 | ... |
Get all company financials in excel:
| summary | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | ||||||||||||||
| Sales | HRK mil | ... | 8,517 | 8,375 | 8,067 | 7,456 | 7,179 | |||||||
| Gross Profit | HRK mil | ... | ... | ... | ... | ... | ... | ... | ... | 5,803 | 5,436 | 5,378 | ||
| EBIT | HRK mil | ... | 2,460 | 2,445 | 2,379 | 2,189 | 1,632 | |||||||
| Net Profit | HRK mil | ... | 2,024 | 1,831 | 1,811 | 1,696 | 1,441 | |||||||
| ROE | % | ... | 16.6 | 15.9 | 16.4 | 15.5 | 13.3 | |||||||
| EBIT Margin | % | ... | 28.9 | 29.2 | 29.5 | 29.4 | 22.7 | |||||||
| Net Margin | % | ... | 23.8 | 21.9 | 22.5 | 22.7 | 20.1 | |||||||
| balance sheet | ||||||||||||||
| Total Assets | HRK mil | ... | 14,472 | 13,585 | 13,136 | 13,113 | 12,827 | |||||||
| Non-Current Assets | HRK mil | ... | 8,174 | 8,008 | 7,462 | 7,858 | 7,736 | |||||||
| Current Assets | HRK mil | ... | 6,298 | 5,577 | 5,675 | 5,254 | 5,091 | |||||||
| Shareholders' Equity | HRK mil | ... | 12,012 | 11,054 | 11,019 | 10,899 | 10,700 | |||||||
| Liabilities | HRK mil | ... | 2,460 | 2,531 | 2,117 | 2,214 | 2,127 | |||||||
| Non-Current Liabilities | HRK mil | ... | 549 | 410 | 625 | 547 | 281 | |||||||
| Current Liabilities | HRK mil | ... | 1,911 | 2,121 | 1,492 | 1,667 | 1,846 | |||||||
| Net Debt/EBITDA | ... | -1.09 | -0.850 | -0.963 | -0.878 | -1.14 | ||||||||
| Net Debt/Equity | ... | -0.347 | -0.292 | -0.331 | -0.283 | -0.314 | ||||||||
| Cost of Financing | % | ... | ... | 164 | 134 | 73.8 | 103 | 9.49 | ||||||
| cash flow | ||||||||||||||
| Total Cash From Operations | HRK mil | ... | 3,020 | 3,266 | 3,050 | 3,058 | 2,131 | |||||||
| Total Cash From Investing | HRK mil | ... | -1,593 | -1,389 | -754 | -1,791 | -1,477 | |||||||
| Total Cash From Financing | HRK mil | ... | -2,455 | -2,790 | -1,874 | -1,825 | -1,763 | |||||||
| Net Change In Cash | HRK mil | ... | -1,028 | -913 | 422 | -558 | -1,109 | |||||||
| valuation | ||||||||||||||
| Market Capitalisation | USD mil | ... | ... | ... | ... | 4,416 | 4,286 | 3,401 | 2,836 | 2,629 | ||||
| Number Of Shares | mil | ... | ... | ... | ... | 81.9 | 81.9 | 81.9 | 81.9 | 81.9 | ||||
| Share Price | HRK | ... | ... | ... | ... | 275 | 289 | 242 | 199 | 177 | ||||
| Earnings Per Share (EPS) | HRK | ... | ... | ... | ... | 24.7 | 22.4 | 22.1 | 20.7 | 17.6 | ||||
| Book Value Per Share | HRK | ... | ... | ... | ... | 147 | 135 | 135 | 133 | 131 | ||||
| Dividend Per Share | HRK | ... | ... | ... | ... | 34.0 | 22.8 | 22.1 | 20.5 | 9.00 | ... | |||
| Price/Earnings (P/E) | ... | ... | ... | ... | 11.1 | 12.9 | 10.9 | 9.59 | 10.1 | |||||
| Price/Book Value (P/BV) | ... | ... | ... | ... | 1.87 | 2.14 | 1.80 | 1.49 | 1.36 | |||||
| Dividend Yield | % | ... | ... | ... | ... | 12.4 | 7.88 | 9.17 | 10.3 | 5.07 | ... | |||
| Earnings Per Share Growth | % | ... | ... | ... | ... | ... | -12.4 | -9.54 | -1.08 | -6.38 | -15.0 | |||
| Book Value Per Share Growth | % | ... | ... | ... | ... | ... | -3.44 | -7.98 | -0.320 | -1.09 | -1.82 |
| income statement | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | ||||||||||||||
| Sales | HRK mil | ... | 8,517 | 8,375 | 8,067 | 7,456 | 7,179 | |||||||
| Cost of Goods & Services | HRK mil | ... | ... | ... | ... | ... | ... | ... | ... | 2,265 | 2,020 | 1,801 | ||
| Gross Profit | HRK mil | ... | ... | ... | ... | ... | ... | ... | ... | 5,803 | 5,436 | 5,378 | ||
| EBITDA | HRK mil | ... | 3,825 | 3,795 | 3,794 | 3,515 | 2,946 | |||||||
| Depreciation | HRK mil | ... | 1,365 | 1,350 | 1,415 | 1,326 | 1,314 | |||||||
| EBIT | HRK mil | ... | 2,460 | 2,445 | 2,379 | 2,189 | 1,632 | |||||||
| Financing Cost | HRK mil | ... | 41.0 | 55.0 | 39.5 | 56.4 | 3.00 | |||||||
| Extraordinary Cost | HRK mil | ... | -147 | 115 | 84.3 | 40.6 | 0 | |||||||
| Pre-Tax Profit | HRK mil | ... | 2,566 | 2,275 | 2,255 | 2,092 | 1,629 | |||||||
| Tax | HRK mil | ... | 542 | 444 | 444 | 396 | 188 | |||||||
| Minorities | HRK mil | ... | 0 | 0 | 0 | 0 | 0 | |||||||
| Net Profit | HRK mil | ... | 2,024 | 1,831 | 1,811 | 1,696 | 1,441 | |||||||
| Dividends | HRK mil | 2,788 | 1,863 | 1,813 | 1,679 | 737 | ... | |||||||
| growth rates | ||||||||||||||
| Total Revenue Growth | % | ... | ... | -3.39 | -1.67 | -3.67 | -7.58 | -3.72 | ||||||
| EBITDA Growth | % | ... | ... | -4.73 | -0.784 | -0.037 | -7.35 | -16.2 | ||||||
| EBIT Growth | % | ... | ... | -7.83 | -0.610 | -2.70 | -7.99 | -25.4 | ||||||
| Pre-Tax Profit Growth | % | ... | ... | -12.8 | -11.3 | -0.871 | -7.24 | -22.1 | ||||||
| Net Profit Growth | % | ... | ... | -12.4 | -9.54 | -1.08 | -6.38 | -15.0 | ||||||
| ratios | ||||||||||||||
| ROE | % | ... | 16.6 | 15.9 | 16.4 | 15.5 | 13.3 | |||||||
| ROCE | % | ... | ... | 24.5 | 21.7 | 22.6 | 21.9 | 18.3 | ||||||
| Gross Margin | % | ... | ... | ... | ... | ... | ... | ... | ... | 71.9 | 72.9 | 74.9 | ||
| EBITDA Margin | % | ... | 44.9 | 45.3 | 47.0 | 47.1 | 41.0 | |||||||
| EBIT Margin | % | ... | 28.9 | 29.2 | 29.5 | 29.4 | 22.7 | |||||||
| Net Margin | % | ... | 23.8 | 21.9 | 22.5 | 22.7 | 20.1 | |||||||
| Payout Ratio | % | ... | 138 | 102 | 100 | 99.0 | 51.1 | ... | ||||||
| Cost of Financing | % | ... | ... | 164 | 134 | 73.8 | 103 | 9.49 | ||||||
| Net Debt/EBITDA | ... | -1.09 | -0.850 | -0.963 | -0.878 | -1.14 |
| balance sheet | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| balance sheet | ||||||||||||||
| Non-Current Assets | HRK mil | ... | 8,174 | 8,008 | 7,462 | 7,858 | 7,736 | |||||||
| Property, Plant & Equipment | HRK mil | ... | 6,507 | 6,336 | 5,953 | 5,734 | 5,516 | |||||||
| Intangible Assets | HRK mil | ... | 1,021 | 1,000 | 999 | 1,142 | 1,365 | |||||||
| Goodwill | HRK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 162 | ||
| Current Assets | HRK mil | ... | 6,298 | 5,577 | 5,675 | 5,254 | 5,091 | |||||||
| Inventories | HRK mil | ... | 255 | 216 | 175 | 155 | 115 | |||||||
| Receivables | HRK mil | ... | 1,466 | 1,479 | 1,231 | 1,143 | 1,457 | |||||||
| Cash & Cash Equivalents | HRK mil | ... | 4,195 | 3,282 | 3,704 | 3,146 | 3,370 | |||||||
| Total Assets | HRK mil | ... | 14,472 | 13,585 | 13,136 | 13,113 | 12,827 | |||||||
| Shareholders' Equity | HRK mil | ... | 12,012 | 11,054 | 11,019 | 10,899 | 10,700 | |||||||
| Of Which Minority Interest | HRK mil | ... | 0 | 0 | 0.959 | 0 | 0 | |||||||
| Liabilities | HRK mil | ... | 2,460 | 2,531 | 2,117 | 2,214 | 2,127 | |||||||
| Non-Current Liabilities | HRK mil | ... | 549 | 410 | 625 | 547 | 281 | |||||||
| Long-Term Debt | HRK mil | ... | 25.0 | 43.0 | 32.2 | 52.2 | 0 | |||||||
| Current Liabilities | HRK mil | ... | 1,911 | 2,121 | 1,492 | 1,667 | 1,846 | |||||||
| Short-Term Debt | HRK mil | ... | 1.00 | 13.0 | 18.9 | 5.99 | 5.00 | |||||||
| Trade Payables | HRK mil | ... | 1,355 | 1,381 | 1,170 | 1,384 | 1,360 | |||||||
| Equity And Liabilities | HRK mil | ... | 14,472 | 13,585 | 13,136 | 13,113 | 12,827 | |||||||
| growth rates | ||||||||||||||
| Total Asset Growth | % | ... | ... | -4.66 | -6.13 | -3.30 | -0.178 | -2.18 | ||||||
| Shareholders' Equity Growth | % | ... | ... | -3.44 | -7.98 | -0.320 | -1.09 | -1.82 | ||||||
| Net Debt Growth | % | ... | ... | -19.8 | -22.6 | 13.2 | -15.5 | 8.98 | ||||||
| Total Debt Growth | % | ... | ... | 8.33 | 115 | -8.76 | 13.9 | -91.4 | ||||||
| ratios | ||||||||||||||
| Total Debt | HRK mil | ... | 26.0 | 56.0 | 51.1 | 58.2 | 5.00 | |||||||
| Net Debt | HRK mil | ... | -4,169 | -3,226 | -3,653 | -3,088 | -3,365 | |||||||
| Working Capital | HRK mil | ... | 366 | 314 | 236 | -85.7 | 212 | |||||||
| Capital Employed | HRK mil | ... | 8,540 | 8,322 | 7,697 | 7,773 | 7,948 | |||||||
| Net Debt/Equity | ... | -0.347 | -0.292 | -0.331 | -0.283 | -0.314 | ||||||||
| Cost of Financing | % | ... | ... | 164 | 134 | 73.8 | 103 | 9.49 |
| cash flow | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| cash flow | ||||||||||||||
| Net Profit | HRK mil | ... | 2,024 | 1,831 | 1,811 | 1,696 | 1,441 | |||||||
| Depreciation | HRK mil | ... | 1,365 | 1,350 | 1,415 | 1,326 | 1,314 | |||||||
| Non-Cash Items | HRK mil | ... | ... | -7.00 | 33.0 | -254 | -285 | -326 | ||||||
| Change in Working Capital | HRK mil | ... | ... | -362 | 52.0 | 78.3 | 321 | -298 | ||||||
| Total Cash From Operations | HRK mil | ... | 3,020 | 3,266 | 3,050 | 3,058 | 2,131 | |||||||
| Capital Expenditures | HRK mil | ... | -1,553 | -1,153 | -877 | -1,180 | -1,132 | |||||||
| Other Investments | HRK mil | ... | -40.0 | -236 | 123 | -610 | -345 | |||||||
| Total Cash From Investing | HRK mil | ... | -1,593 | -1,389 | -754 | -1,791 | -1,477 | |||||||
| Dividends Paid | HRK mil | -2,788 | -1,863 | -1,813 | -1,679 | -737 | ... | |||||||
| Issuance Of Debt | HRK mil | ... | ... | 2.00 | 30.0 | -4.91 | 7.11 | -53.2 | ||||||
| Total Cash From Financing | HRK mil | ... | -2,455 | -2,790 | -1,874 | -1,825 | -1,763 | |||||||
| Net Change In Cash | HRK mil | ... | -1,028 | -913 | 422 | -558 | -1,109 | |||||||
| ratios | ||||||||||||||
| Days Sales Outstanding | days | ... | 62.8 | 64.5 | 55.7 | 55.9 | 74.1 | |||||||
| Days Sales Of Inventory | days | ... | ... | ... | ... | ... | ... | ... | ... | 28.2 | 28.1 | 23.3 | ||
| Days Payable Outstanding | days | ... | ... | ... | ... | ... | ... | ... | ... | 189 | 250 | 276 | ||
| Cash Conversion Cycle | days | ... | ... | ... | ... | ... | ... | ... | ... | -105 | -166 | -178 | ||
| Cash Earnings | HRK mil | ... | 3,389 | 3,181 | 3,226 | 3,022 | 2,755 | |||||||
| Cash Earnings Per Share | HRK | ... | ... | ... | ... | 41.4 | 38.8 | 39.4 | 36.9 | 33.6 | ||||
| Price/Cash Earnings (P/CE) | ... | ... | ... | ... | 6.64 | 7.43 | 6.13 | 5.38 | 5.27 | |||||
| Free Cash Flow | HRK mil | ... | 1,427 | 1,877 | 2,296 | 1,268 | 654 | |||||||
| Free Cash Flow Yield | % | ... | ... | ... | ... | 6.12 | 7.96 | 12.6 | 7.64 | 4.36 |
| other data | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| other data | ||||||||||||||
| ROA | % | ... | 13.7 | 13.1 | 13.6 | 12.9 | 11.1 | |||||||
| Gross Margin | % | ... | ... | ... | ... | ... | ... | ... | ... | 71.9 | 72.9 | 74.9 | ||
| Effective Tax Rate | % | ... | 21.1 | 19.5 | 19.7 | 18.9 | 11.5 | |||||||
| Enterprise Value (EV) | USD mil | ... | ... | ... | ... | 3,597 | 3,701 | 2,773 | 2,297 | 2,020 | ||||
| EV/EBITDA | ... | ... | ... | ... | 4.97 | 5.37 | 3.91 | 3.82 | 3.91 | |||||
| EV/Capital Employed | ... | ... | ... | ... | 2.15 | 2.45 | 2.10 | 1.69 | 1.40 | |||||
| EV/Sales | ... | ... | ... | ... | 2.23 | 2.43 | 1.84 | 1.80 | 1.61 | |||||
| EV/EBIT | ... | ... | ... | ... | 7.72 | 8.33 | 6.23 | 6.14 | 7.07 | |||||
| Capital Expenditures (As % of Sales) | % | ... | 18.2 | 13.8 | 10.9 | 15.8 | 15.8 |
Get all company financials in excel:
Hrvatski Telekom d.d. is a Croatia-based provider of telecommunications services. The Company combines the services of fixed and mobile telephony, data transmission, Internet and international communications. The Company is the leading provider of telecommunications services in Croatia, serving more than 1.3 million fixed lines, nearly 2.5 million mobile subscribers and 648,000 broadband connections. Hrvatski Telekom provides telecommunications services, design and construction of telecommunications networks. In addition to the provision of fixed telephony services (fixed-line access and traffic, as well as fixed-network supplementary services), the Group also provides Internet services, including IPTV, data transmission services and GSM and UMTS mobile telephone networks. Hrvatski Telekom is owned by T-Mobile Global Holding.
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