Isolit-Bravo

Isolit-Bravo's employees fell 10.9% yoy to 419 in 2019

By Helgi Analytics - September 17, 2020

Isolit-Bravo employed 419 employees in 2019, down 10.9% compared to the previous year. Historically, between 1999 and 2...

Isolit-Bravo's net profit rose 2.22% yoy to CZK 106 mil in 2019

By Helgi Analytics - September 17, 2020

Isolit-Bravo made a net profit of CZK 106 mil in 2019, up 2.22% compared to the previous year. Total sales reached CZK 846 mil, ...

Isolit-Bravo's ROCE rose 4.57% yoy to 15.2% in 2019

By Helgi Analytics - September 17, 2020

Isolit-Bravo made a net profit of CZK 106 mil in 2019, up 2.22% compared to the previous year. Historically, between 1999 an...

Profit Statement 2017 2018 2019
Sales CZK mil 1,061 928 846
Gross Profit CZK mil 480 549 474
EBITDA CZK mil 242 185 221
EBIT CZK mil 171 105 147
Financing Cost CZK mil ... 0 0
Pre-Tax Profit CZK mil 133 118 126
Net Profit CZK mil 99.4 104 106
Dividends CZK mil 0.500 59.0 ...
Balance Sheet 2017 2018 2019
Total Assets CZK mil 1,417 1,435 1,441
Non-Current Assets CZK mil 435 375 324
Current Assets CZK mil 980 1,057 1,114
Working Capital CZK mil 281 344 359
Shareholders' Equity CZK mil 949 1,052 1,099
Liabilities CZK mil 468 384 342
Total Debt CZK mil 0 0 0
Net Debt CZK mil -630 -691 -721
Ratios 2017 2018 2019
ROE % 8.65 10.4 9.88
ROCE % 13.1 14.5 15.2
Gross Margin % 45.2 59.2 56.0
EBITDA Margin % 22.8 20.0 26.1
EBIT Margin % 16.1 11.3 17.4
Net Margin % 9.36 11.2 12.6
Net Debt/EBITDA -2.60 -3.73 -3.27
Net Debt/Equity % -66.4 -65.7 -65.6
Cash Flow 2017 2018 2019
Total Cash From Operations CZK mil 224 115 110
Total Cash From Investing CZK mil -21.0 -54.1 -22.3
Total Cash From Financing CZK mil -501 -0.600 -58.8
Net Change In Cash CZK mil -297 60.5 29.1
Cash Conversion Cycle days 127 225 234
Cash Earnings CZK mil 171 184 180
Free Cash Flow CZK mil 203 61.1 87.9

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overview Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                          
Sales CZK mil                             919 1,146 1,203 1,130 1,061    
Gross Profit CZK mil                             373 447 477 479 480    
EBIT CZK mil                             156 91.2 127 129 171    
Net Profit CZK mil                             110 98.4 107 104 99.4    
                                             
ROE %                             9.73 8.07 8.18 7.69 8.65    
EBIT Margin %                             17.0 7.96 10.6 11.4 16.1    
Net Margin %                             11.9 8.59 8.91 9.21 9.36    
Employees                             436 514 640 574 507    
balance sheet                                          
Total Assets CZK mil                             1,559 1,707 1,860 1,754 1,417    
Non-Current Assets CZK mil                             217 319 880 438 435    
Current Assets CZK mil                             1,340 1,386 977 1,314 980    
                                             
Shareholders' Equity CZK mil                             1,177 1,263 1,359 1,349 949    
Liabilities CZK mil                             382 444 501 405 468    
Non-Current Liabilities CZK mil                             10.2 17.1 21.9 28.6 37.9    
Current Liabilities CZK mil                             129 102 125 64.8 129    
                                             
Net Debt/EBITDA                             -4.67 -6.85 -4.77 -4.61 -2.60    
Net Debt/Equity %                             -74.1 -72.2 -63.7 -68.7 -66.4    
cash flow                                          
Total Cash From Operations CZK mil ...                           156 148 -337 189 224    
Total Cash From Investing CZK mil ...                           -57.4 -104 -104 391 -21.0    
Total Cash From Financing CZK mil ...                           -12.5 -12.5 -12.5 -115 -501    
Net Change In Cash CZK mil ...                           86.1 31.2 -454 465 -297    
income statement Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                          
Sales CZK mil                             919 1,146 1,203 1,130 1,061    
Cost of Goods & Services CZK mil                             545 699 727 651 582    
Gross Profit CZK mil                             373 447 477 479 480    
Staff Cost CZK mil                             169 209 250 267 252    
Other Operating Cost (Income) CZK mil                             18.2 105 45.8 11.0 -14.9    
EBITDA CZK mil                             186 133 181 201 242    
Depreciation CZK mil                             30.4 41.9 54.1 71.9 71.6    
EBIT CZK mil                             156 91.2 127 129 171    
Net Financing Cost CZK mil                             -3.06 -66.0 -5.60 0.267 38.1    
Financing Cost CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Financing Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Extraordinary Cost CZK mil                             0.272 0.479 0 0 0    
Pre-Tax Profit CZK mil                             159 157 133 129 133    
Tax CZK mil                             49.2 58.4 25.7 24.9 33.4    
Net Profit CZK mil                             110 98.4 107 104 99.4    
Net Profit Avail. to Common CZK mil                             110 98.4 107 104 99.4    
Dividends CZK mil                             12.5 12.5 116 501 0.500   ...
growth rates                                          
Total Revenue Growth % ...                           21.1 24.7 5.00 -6.10 -6.05    
Staff Cost Growth % ...                           7.70 24.0 19.3 7.09 -5.64    
EBITDA Growth % ...                           14.2 -28.6 36.2 10.8 20.5    
EBIT Growth % ...                           15.4 -41.6 39.6 1.46 32.2    
Pre-Tax Profit Growth % ...                           19.1 -1.32 -15.2 -3.02 2.95    
Net Profit Growth % ...                           1.30 -10.3 9.00 -2.98 -4.53    
ratios                                          
ROE %                             9.73 8.07 8.18 7.69 8.65    
ROA %                             7.70 6.03 6.01 5.76 6.27    
ROCE %                             21.3 15.2 10.8 10.0 13.1    
Gross Margin %                             40.6 39.0 39.6 42.4 45.2    
EBITDA Margin %                             20.3 11.6 15.1 17.8 22.8    
EBIT Margin %                             17.0 7.96 10.6 11.4 16.1    
Net Margin %                             11.9 8.59 8.91 9.21 9.36    
Payout Ratio %                             11.4 12.7 108 481 0.503   ...
Net Debt/EBITDA                             -4.67 -6.85 -4.77 -4.61 -2.60    
balance sheet Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                          
Cash & Cash Equivalents CZK mil                             876 907 453 917 620    
Receivables CZK mil                             238 233 259 197 172    
Inventories CZK mil                             207 222 224 200 188    
Other ST Assets CZK mil                             19.1 23.6 42.0 0 0    
Current Assets CZK mil                             1,340 1,386 977 1,314 980    
Property, Plant & Equipment CZK mil                             211 313 464 426 423    
LT Investments & Receivables CZK mil                             5.45 5.64 417 9.74 9.96    
Intangible Assets CZK mil                             0.360 0.222 0.108 2.15 1.42    
Goodwill CZK mil                             0 0 0 0 0    
Non-Current Assets CZK mil                             217 319 880 438 435    
Total Assets CZK mil                             1,559 1,707 1,860 1,754 1,417    
                                             
Trade Payables CZK mil                             77.6 65.3 90.1 37.1 79.2    
Short-Term Debt CZK mil                             9.56 0.602 3.37 0 0    
Other ST Liabilities CZK mil                             42.1 35.8 31.6 27.7 49.9    
Current Liabilities CZK mil                             129 102 125 64.8 129    
Long-Term Debt CZK mil                             0 0 0 0 0    
Other LT Liabilities CZK mil                             10.2 17.1 21.9 28.6 37.9    
Non-Current Liabilities CZK mil                             10.2 17.1 21.9 28.6 37.9    
Liabilities CZK mil                             382 444 501 405 468    
Equity Before Minority Interest CZK mil                             1,177 1,263 1,359 1,349 949    
Minority Interest CZK mil                             0 0 0 0 0    
Equity CZK mil                             1,177 1,263 1,359 1,349 949    
growth rates                                          
Total Asset Growth % ...                           20.7 9.49 9.02 -5.71 -19.2    
Shareholders' Equity Growth % ...                           9.14 7.34 7.61 -0.727 -29.7    
Net Debt Growth % ...                           9.77 4.63 -5.03 7.01 -32.1    
Total Debt Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -93.7 460 -100 ... ... ...
ratios                                          
Total Debt CZK mil                             9.56 0.602 3.37 0 0    
Net Debt CZK mil                             -872 -912 -866 -927 -630    
Working Capital CZK mil                             368 390 392 360 281    
Capital Employed CZK mil                             584 709 1,273 798 716    
Net Debt/Equity %                             -74.1 -72.2 -63.7 -68.7 -66.4    
Current Ratio                             10.4 13.6 7.81 20.3 7.59    
Quick Ratio                             8.62 11.2 5.69 17.2 6.13    
cash flow Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
cash flow                                          
Net Profit CZK mil                             110 98.4 107 104 99.4    
Depreciation CZK mil                             30.4 41.9 54.1 71.9 71.6    
Non-Cash Items CZK mil ...                           90.4 29.8 -496 -19.2 -26.0    
Change in Working Capital CZK mil ...                           -74.5 -22.3 -2.43 32.2 79.2    
Total Cash From Operations CZK mil ...                           156 148 -337 189 224    
                                             
Capital Expenditures CZK mil ...                           -57.4 -104 -104 389 -21.1    
Total Cash From Investing CZK mil ...                           -57.4 -104 -104 391 -21.0    
                                             
Dividends Paid CZK mil ...                           -12.5 -12.5 -12.5 -116 -501    
Issuance Of Shares CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Issuance Of Debt CZK mil ...                           9.56 -8.96 2.77 -3.37 0    
Other Financing Activities CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Total Cash From Financing CZK mil ...                           -12.5 -12.5 -12.5 -115 -501    
Net Change In Cash CZK mil ...                           86.1 31.2 -454 465 -297    
ratios                                          
Days Sales Outstanding days                             94.7 74.2 78.5 63.6 59.2    
Days Sales Of Inventory days                             139 116 112 112 118    
Days Payable Outstanding days                             51.9 34.1 45.3 20.8 49.7    
Cash Conversion Cycle days                             181 156 146 155 127    
Cash Earnings CZK mil                             140 140 161 176 171    
Free Cash Flow CZK mil ...                           98.6 43.7 -441 580 203    
Capital Expenditures (As % of Sales) % ...                           6.24 9.08 8.65 -34.4 1.98    
other ratios Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                           
Employees                             436 514 640 574 507    
Cost Per Employee USD per month                             1,648 1,587 1,361 1,537 1,766    
Cost Per Employee (Local Currency) CZK per month                             32,235 33,914 32,488 38,793 41,442    
Staff Cost (As % of Sales) %                             18.4 18.3 20.7 23.6 23.8    
Effective Tax Rate %                             31.0 37.2 19.3 19.3 25.1    
Total Revenue Growth (5-year average) % ... ... ... ... ...                   -5.61 5.14 6.88 9.77 6.95    
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ...         -1.82 1.57 1.40 -1.11 -3.26    
Sales of Products from Plastics CZK mil                             615 784 821 ... ... ... ...
Sales of Products from Devices CZK mil                             110 161 183 ... ... ... ...
Sales Assembly & Kitchen Appliances CZK mil                             146 152 147 ... ... ... ...
Plastics (As % of Sales) CZK mil                             0.669 0.684 0.683 ... ... ... ...
Devices (As % of Sales) CZK mil                             0.120 0.140 0.152 ... ... ... ...
Assembly & Kitchen Appliances (As % of Sales) CZK mil                             0.159 0.133 0.122 ... ... ... ...

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Isolit-Bravo's Total Cash From Operations fell 4.40% yoy to CZK 110 mil in 2019

By Helgi Analytics - September 17, 2020

Isolit-Bravo's operating cash flow stood at CZK 110 mil in 2019, down 4.4% when compared to the previous year. Historically, between 2000 - 2019, the firm’s operating cash flow reached a high of CZK 240 mil in 2008 and a low of CZK -337 mil in 2015...

Isolit-Bravo's Cash & Cash Equivalents rose 4.28% yoy to CZK 709 mil in 2019

By Helgi Analytics - September 17, 2020

Isolit-Bravo's total assets reached CZK 1,441 mil at the end of 2019, up 0.412% compared to the previous year. Current assets amounted to CZK 1,114 mil, or 77.3% of total assets while cash stood at CZK 709 mil at the end of 2019. ...

Isolit-Bravo's Capital Expenditures rose 61.9% yoy to CZK 23.3 mil in 2019

By Helgi Analytics - September 17, 2020

Isolit-Bravo invested a total of CZK 23.3 mil in 2019, down 61.9% compared to the previous year. Historically, between 2000 - 2019, the company's investments stood at a high of CZK 104 mil in 2014 and a low of CZK -389 mil in 2016. As...

Isolit-Bravo's Net Debt/EBITDA rose 12.5% yoy to -3.27 in 2019

By Helgi Analytics - September 17, 2020

Isolit-Bravo's net debt stood at CZK -721 mil and accounted for -65.6% of equity at the end of 2019. The ratio is up 0.156 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of -32.9% in 2000 and a low of...

Isolit-Bravo's Net Margin rose 12.1% yoy to 12.6% in 2019

By Helgi Analytics - September 17, 2020

Isolit-Bravo made a net profit of CZK 106 mil with revenues of CZK 846 mil in 2019, up by 2.22% and down by 8.80%, respectively, compared to the previous year. This translates into a net margin of 12.6%. Historically, between 1999 and 2019, the firm...

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Isolit-Bravo, s.r.o. is a Czech Republic-based supplier to a number of multinational companies in the automotive industry. The Company is also a producer of health care instruments and home appliances. Isolit-Bravo also manufactures and sells its own range of products under the brand BRAVO. Company Isolit was founded in 1921 as a moulding shop of bakelite producing telephone sets. After the WWII, Isolit earned reputation of one of the best suppliers of bakelite parts in Central Europe. In 1991, the first fryer was produced and division of kitchen appliances was set up. Two years later, the Company was privatized and Isolit-Bravo as we know it today was founded.

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Finance

Isolit-Bravo has been growing its sales by -5.88% a year on average in the last 5 years. EBITDA has grown on average by 10.6% a year during that time to total of CZK 221 mil in 2019, or 26.1% of sales. That’s compared to 20.3% average margin seen in last five years.

The company netted CZK 106 mil in 2019 implying ROE of 9.88% and ROCE of 15.2%. Again, the average figures were 8.96% and 12.7%, respectively when looking at the previous 5 years.

Isolit-Bravo’s net debt amounted to CZK -721 mil at the end of 2019, or -65.6% of equity. When compared to EBITDA, net debt was -3.27x, up when compared to average of -3.80x seen in the last 5 years.