IMS-Drasnar

IMS-Drasnar's employees rose 9.32% yoy to 258 in 2018

By Helgi Analytics - September 19, 2020

IMS-Drasnar employed 258 employees in 2018, up 9.32% compared to the previous year. Historically, between 2009 and 2018...

IMS-Drasnar's Total Cash From Operations rose 74.1% yoy to CZK 48.4 mil in 2018

By Helgi Analytics - September 19, 2020

IMS-Drasnar's operating cash flow stood at CZK 48.4 mil in 2018, up 74.1% when compared to the previous year. Historical...

IMS-Drasnar's Net Debt/EBITDA fell 252% yoy to -6.20 in 2018

By Helgi Analytics - September 19, 2020

IMS-Drasnar's net debt stood at CZK 100 mil and accounted for 73.5% of equity at the end of 2018. The ratio is down 2.43...

Profit Statement 2016 2017 2018
Sales CZK mil 327 373 395
Gross Profit CZK mil 185 220 225
EBITDA CZK mil 53.8 30.1 -16.1
EBIT CZK mil 45.6 24.9 -27.4
Financing Cost CZK mil ... 0.780 1.47
Pre-Tax Profit CZK mil 44.9 28.4 -26.4
Net Profit CZK mil 36.5 23.0 -25.0
Dividends CZK mil 1.40 0 ...
Balance Sheet 2016 2017 2018
Total Assets CZK mil 234 347 334
Non-Current Assets CZK mil 61.4 179 194
Current Assets CZK mil 170 166 138
Working Capital CZK mil 122 122 84.8
Shareholders' Equity CZK mil 140 162 136
Liabilities CZK mil 93.6 185 197
Total Debt CZK mil 45.5 137 116
Net Debt CZK mil 22.1 123 100
Ratios 2016 2017 2018
ROE % 29.5 15.2 -16.7
ROCE % 21.7 9.49 -8.60
Gross Margin % 56.4 59.1 56.9
EBITDA Margin % 16.4 8.08 -4.09
EBIT Margin % 13.9 6.67 -6.95
Net Margin % 11.1 6.17 -6.32
Net Debt/EBITDA 0.410 4.08 -6.20
Net Debt/Equity % 15.7 75.9 73.5
Cost of Financing % ... 0.852 1.16
Cash Flow 2016 2017 2018
Total Cash From Operations CZK mil 18.9 27.8 48.4
Total Cash From Investing CZK mil -13.9 -127 -26.7
Total Cash From Financing CZK mil -3.29 90.7 -20.9
Net Change In Cash CZK mil 1.70 -8.78 0.766
Cash Conversion Cycle days 248 217 117
Cash Earnings CZK mil 44.6 28.2 -13.7
Free Cash Flow CZK mil 4.99 -99.5 21.7

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overview Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                    
Sales CZK mil       131 161 221 253 327    
Gross Profit CZK mil       78.6 86.7 127 139 185    
EBIT CZK mil       11.7 25.2 33.7 40.8 45.6    
Net Profit CZK mil       8.71 21.5 24.6 32.1 36.5    
                       
ROE %       24.1 44.7 36.9 34.9 29.5    
EBIT Margin %       9.00 15.7 15.3 16.1 13.9    
Net Margin %       6.67 13.3 11.2 12.7 11.1    
Employees       108 122 132 161 189    
balance sheet                    
Total Assets CZK mil       74.8 96.5 137 196 234    
Non-Current Assets CZK mil       36.4 37.0 49.2 55.5 61.4    
Current Assets CZK mil       38.3 59.1 87.5 139 170    
                       
Shareholders' Equity CZK mil       39.1 57.2 76.5 107 140    
Liabilities CZK mil       35.7 39.4 60.7 88.9 93.6    
Non-Current Liabilities CZK mil       24.1 4.75 29.6 46.0 52.6    
Current Liabilities CZK mil       11.6 32.9 27.3 43.0 39.5    
                       
Net Debt/EBITDA       1.08 -0.045 0.228 0.554 0.410    
Net Debt/Equity %       40.4 -2.18 11.1 24.4 15.7    
Cost of Financing % ...     3.13 2.43 2.72 ... ...    
cash flow                    
Total Cash From Operations CZK mil ...     7.85 16.1 1.23 -1.37 18.9    
Total Cash From Investing CZK mil ...     -0.494 -3.10 -7.53 -12.6 -13.9    
Total Cash From Financing CZK mil ...     -4.05 -3.52 5.25 20.1 -3.29    
Net Change In Cash CZK mil ...     3.30 9.52 -1.04 6.18 1.70    
income statement Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                    
Sales CZK mil       131 161 221 253 327    
Cost of Goods & Services CZK mil       52.0 74.6 93.3 115 143    
Gross Profit CZK mil       78.6 86.7 127 139 185    
Staff Cost CZK mil       37.0 43.3 50.9 62.0 75.8    
Other Operating Cost (Income) CZK mil       26.9 15.6 39.2 29.3 55.1    
EBITDA CZK mil       14.6 27.7 37.3 47.3 53.8    
Depreciation CZK mil       2.84 2.49 3.63 6.49 8.16    
EBIT CZK mil       11.7 25.2 33.7 40.8 45.6    
Net Financing Cost CZK mil       1.20 -1.27 3.16 1.23 0.688    
Financing Cost CZK mil       0.733 0.465 0.537 ... ...    
Financing Income CZK mil       0 0 0 ... ...    
Extraordinary Cost CZK mil       -0.148 0 -0.186 0 0    
Pre-Tax Profit CZK mil       10.7 26.5 30.7 39.6 44.9    
Tax CZK mil       1.99 5.00 5.88 7.50 8.47    
Net Profit CZK mil       8.71 21.5 24.6 32.1 36.5    
Net Profit Avail. to Common CZK mil       8.71 21.5 24.6 32.1 36.5    
Dividends CZK mil       3.45 3.44 1.28 3.29 1.40   ...
growth rates                    
Total Revenue Growth % ...     30.9 23.5 36.8 14.8 29.1    
Staff Cost Growth % ...     11.1 17.0 17.5 21.9 22.2    
EBITDA Growth % ...     72.7 90.1 34.5 26.8 13.7    
EBIT Growth % ...     152 115 33.4 21.2 11.8    
Pre-Tax Profit Growth % ...     179 148 15.8 28.9 13.6    
Net Profit Growth % ...     179 147 14.6 30.2 13.7    
ratios                    
ROE %       24.1 44.7 36.9 34.9 29.5    
ROA %       11.8 25.1 21.1 19.2 17.0    
ROCE % ...     14.2 33.2 27.5 24.4 21.7    
Gross Margin %       60.2 53.8 57.7 54.7 56.4    
EBITDA Margin %       11.2 17.2 16.9 18.7 16.4    
EBIT Margin %       9.00 15.7 15.3 16.1 13.9    
Net Margin %       6.67 13.3 11.2 12.7 11.1    
Payout Ratio %       39.6 16.0 5.17 10.3 3.84   ...
Cost of Financing % ...     3.13 2.43 2.72 ... ...    
Net Debt/EBITDA       1.08 -0.045 0.228 0.554 0.410    
balance sheet Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                    
Cash & Cash Equivalents CZK mil       7.12 16.6 15.6 21.8 23.5    
Receivables CZK mil       13.0 19.1 31.9 39.3 44.2    
Inventories CZK mil       18.2 23.3 40.0 78.1 103    
Other ST Assets CZK mil       0 0 0 0 0    
Current Assets CZK mil       38.3 59.1 87.5 139 170    
Property, Plant & Equipment CZK mil       36.1 36.9 48.0 53.8 60.5    
LT Investments & Receivables CZK mil       < -0.001 < -0.001 < 0.001 < -0.001 < 0.001    
Intangible Assets CZK mil       0.290 0.092 1.23 1.75 0.902    
Goodwill CZK mil       0 0 0 0 0    
Non-Current Assets CZK mil       36.4 37.0 49.2 55.5 61.4    
Total Assets CZK mil       74.8 96.5 137 196 234    
                       
Trade Payables CZK mil       7.26 10.0 11.4 19.6 25.0    
Short-Term Debt CZK mil       0 11.8 8.00 15.5 3.16    
Other ST Liabilities CZK mil       4.34 11.1 7.94 7.97 11.3    
Current Liabilities CZK mil       11.6 32.9 27.3 43.0 39.5    
Long-Term Debt CZK mil       22.9 3.59 16.1 32.5 42.4    
Other LT Liabilities CZK mil       1.23 1.16 13.5 13.5 10.2    
Non-Current Liabilities CZK mil       24.1 4.75 29.6 46.0 52.6    
Liabilities CZK mil       35.7 39.4 60.7 88.9 93.6    
Equity Before Minority Interest CZK mil       39.1 57.2 76.5 107 140    
Minority Interest CZK mil       0 0 0 0 0    
Equity CZK mil       39.1 57.2 76.5 107 140    
growth rates                    
Total Asset Growth % ...     3.60 29.0 42.2 43.0 19.1    
Shareholders' Equity Growth % ...     18.3 46.2 33.9 40.2 30.5    
Net Debt Growth % ...     -21.5 -108 -783 208 -15.8    
Total Debt Growth % ...     -4.26 -32.8 56.4 99.1 -5.06    
ratios                    
Total Debt CZK mil       22.9 15.4 24.1 48.0 45.5    
Net Debt CZK mil       15.8 -1.24 8.49 26.2 22.1    
Working Capital CZK mil       23.9 32.4 60.5 97.9 122    
Capital Employed CZK mil       60.3 69.4 110 153 183    
Net Debt/Equity %       40.4 -2.18 11.1 24.4 15.7    
Current Ratio       3.30 1.80 3.20 3.24 4.31    
Quick Ratio       1.73 1.09 1.74 1.42 1.71    
cash flow Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
cash flow                    
Net Profit CZK mil       8.71 21.5 24.6 32.1 36.5    
Depreciation CZK mil       2.84 2.49 3.63 6.49 8.16    
Non-Cash Items CZK mil ...     -3.51 0.652 1.08 -2.54 -1.78    
Change in Working Capital CZK mil ...     -0.196 -8.51 -28.1 -37.4 -23.9    
Total Cash From Operations CZK mil ...     7.85 16.1 1.23 -1.37 18.9    
                       
Capital Expenditures CZK mil ...     -0.472 -3.10 -6.92 -12.6 -14.1    
Other Investing Activities CZK mil ...     -0.022 0 -0.603 0 0.105    
Total Cash From Investing CZK mil ...     -0.494 -3.10 -7.53 -12.6 -13.9    
                       
Dividends Paid CZK mil ...     -2.66 -3.45 -3.44 -1.28 -3.29    
Issuance Of Debt CZK mil ...     -1.02 -7.51 8.69 23.9 -2.43    
Other Financing Activities CZK mil ...     0.123 10.5 7.53 10.1 16.4    
Total Cash From Financing CZK mil ...     -4.05 -3.52 5.25 20.1 -3.29    
Net Change In Cash CZK mil ...     3.30 9.52 -1.04 6.18 1.70    
ratios                    
Days Sales Outstanding days       36.2 43.2 52.8 56.7 49.3    
Days Sales Of Inventory days       128 114 157 249 263    
Days Payable Outstanding days       51.0 49.1 44.6 62.2 64.1    
Cash Conversion Cycle days       113 108 165 243 248    
Cash Earnings CZK mil       11.5 24.0 28.3 38.6 44.6    
Free Cash Flow CZK mil ...     7.35 13.0 -6.29 -14.0 4.99    
Capital Expenditures (As % of Sales) % ...     0.362 1.92 3.14 4.97 4.29    
other ratios Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
                     
Employees       108 122 132 161 189    
Cost Per Employee USD per month       1,461 1,513 1,503 1,345 1,324    
Cost Per Employee (Local Currency) CZK per month       28,581 29,596 32,133 32,113 33,419    
Staff Cost (As % of Sales) %       28.4 26.9 23.1 24.5 23.2    
Effective Tax Rate %       18.6 18.9 19.1 18.9 18.8    
Total Revenue Growth (5-year average) % ... ... ... ... ... 27.0 21.9 26.8    

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IMS-Drasnar's Net Margin fell 202% yoy to -6.32% in 2018

By Helgi Analytics - September 19, 2020

IMS-Drasnar made a net profit of CZK -25.0 mil with revenues of CZK 395 mil in 2018, down by 209% and up by 5.91%, respectively, compared to the previous year. This translates into a net margin of -6.32%. Historically, between 2009 and 2018, the fir...

IMS-Drasnar's ROCE fell 191% yoy to -8.60% in 2018

By Helgi Analytics - September 19, 2020

IMS-Drasnar made a net profit of CZK -25.0 mil in 2018, down 209% compared to the previous year. Historically, between 2009 and 2018, the company's net profit reached a high of CZK 36.5 mil in 2016 and a low of CZK -25.0 mil in 2018. The result implies a ...

IMS-Drasnar's Cash & Cash Equivalents rose 5.21% yoy to CZK 15.5 mil in 2018

By Helgi Analytics - September 19, 2020

IMS-Drasnar's total assets reached CZK 334 mil at the end of 2018, down 3.85% compared to the previous year. Current assets amounted to CZK 138 mil, or 41.4% of total assets while cash stood at CZK 15.5 mil at the end of 2018. ...

IMS-Drasnar's Capital Expenditures rose 79.0% yoy to CZK 26.7 mil in 2018

By Helgi Analytics - September 19, 2020

IMS-Drasnar invested a total of CZK 26.7 mil in 2018, down 79% compared to the previous year. Historically, between 2010 - 2018, the company's investments stood at a high of CZK 127 mil in 2017 and a low of CZK 0.472 mil in 2012. As a...

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IMS - Drasnar is a Czech Republic-based family-owned Company involved in developing and manufacturing plastic products primarily for the automotive industry. The Company operates its own tool factory, plastic injection room, and assembly room. IMS-Drasnar serves mostly the automotive segment and almost 95% of its production is delivered to Tier1 and Tier2 automotive suppliers. The Company is based in Ceska Trebova, in the Czech Republic.

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Finance

IMS-Drasnar has been growing its sales by 19.6% a year on average in the last 5 years. EBITDA has fallen by 158% during that time to total of CZK -16.1 mil in 2018, or -4.09% of sales. That’s compared to 11.2% average margin seen in last five years.

The company netted CZK -25.0 mil in 2018 implying ROE of -16.7% and ROCE of -8.60%. Again, the average figures were 19.9% and 14.9%, respectively when looking at the previous 5 years.

IMS-Drasnar’s net debt amounted to CZK 100 mil at the end of 2018, or 73.5% of equity. When compared to EBITDA, net debt was -6.20x, down when compared to average of -0.187x seen in the last 5 years.