Mahle Behr Mnichovo Hradiste

Mahle Behr Mnichovo Hradiste's net profit fell 41.3% yoy to CZK 203 mil in 2019

By Helgi Analytics - September 18, 2020

Mahle Behr Mnichovo Hradiste made a net profit of CZK 203 mil in 2019, down 41.3% compared to the previous year. Total sales reached...

Mahle Behr Mnichovo Hradiste's employees fell 9.43% yoy to 1,008 in 2019

By Helgi Analytics - September 18, 2020

Mahle Behr Mnichovo Hradiste employed 1,008 employees in 2019, down 9.43% compared to the previous year. Historically, betwe...

Mahle Behr MH's Cash & Cash Equivalents rose 21.6% yoy to CZK 45.1 mil in 2019

By Helgi Analytics - September 18, 2020

Mahle Behr Mnichovo Hradiste's total assets reached CZK 5,077 mil at the end of 2019, down 10.7% compared to the previous year. ...

Profit Statement 2017 2018 2019
Sales CZK mil 7,590 7,319 6,722
Gross Profit CZK mil 1,295 1,818 1,941
EBITDA CZK mil 374 530 389
EBIT CZK mil 216 392 240
Financing Cost CZK mil ... 26.5 19.6
Pre-Tax Profit CZK mil 175 412 253
Net Profit CZK mil 127 346 203
Balance Sheet 2017 2018 2019
Total Assets CZK mil 5,626 5,685 5,077
Non-Current Assets CZK mil 2,248 2,688 2,652
Current Assets CZK mil 2,934 2,504 1,907
Working Capital CZK mil 2,085 1,795 1,032
Shareholders' Equity CZK mil 3,565 3,983 3,547
Liabilities CZK mil 2,061 1,702 1,530
Total Debt CZK mil 350 587 36.5
Net Debt CZK mil -965 -1,073 -1,632
Ratios 2017 2018 2019
ROE % 3.63 9.16 5.40
ROCE % 2.92 7.85 4.98
Gross Margin % 17.1 24.8 28.9
EBITDA Margin % 4.92 7.24 5.79
EBIT Margin % 2.85 5.35 3.58
Net Margin % 1.67 4.72 3.02
Net Debt/EBITDA -2.58 -2.03 -4.19
Net Debt/Equity % -27.1 -26.9 -46.0
Cost of Financing % ... 5.67 6.29
Cash Flow 2017 2018 2019
Total Cash From Operations CZK mil 518 449 549
Total Cash From Investing CZK mil 11.4 -685 651
Total Cash From Financing CZK mil -725 237 -1,192
Net Change In Cash CZK mil -196 0.879 8.05
Cash Conversion Cycle days 98.4 86.3 49.7
Cash Earnings CZK mil 285 484 352
Free Cash Flow CZK mil 529 -236 1,200

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overview Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                        
Sales CZK mil           6,194 6,736 7,038 7,872 7,590    
Gross Profit CZK mil           1,169 1,155 1,171 1,209 1,295    
EBIT CZK mil           224 477 455 338 216    
Net Profit CZK mil           171 414 364 260 127    
                           
ROE %           7.40 15.9 12.1 7.87 3.63    
EBIT Margin %           3.62 7.07 6.46 4.29 2.85    
Net Margin %           2.77 6.15 5.17 3.31 1.67    
Employees           909 1,022 1,082 1,241 1,205    
balance sheet                        
Total Assets CZK mil           4,275 4,674 5,537 6,111 5,626    
Non-Current Assets CZK mil           2,293 2,247 2,312 2,304 2,248    
Current Assets CZK mil           1,635 2,019 2,655 3,321 2,934    
                           
Shareholders' Equity CZK mil           2,400 2,814 3,178 3,438 3,565    
Liabilities CZK mil           1,875 1,860 2,360 2,673 2,061    
Non-Current Liabilities CZK mil           475 638 916 1,075 350    
Current Liabilities CZK mil           961 957 1,244 1,179 1,331    
                           
Net Debt/EBITDA           -1.93 -2.31 -2.36 -0.850 -2.58    
Net Debt/Equity %           -34.8 -52.5 -44.8 -12.0 -27.1    
Cost of Financing % ... ... ... ... ... ... ... ... ... ...    
cash flow                        
Total Cash From Operations CZK mil ... ... ... ... ... ... ... ... 234 518    
Total Cash From Investing CZK mil ... ... ... ... ... ... ... ... -330 11.4    
Total Cash From Financing CZK mil ... ... ... ... ... ... ... ... 159 -725    
Net Change In Cash CZK mil ... ... ... ... ... ... ... ... 63.1 -196    
income statement Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                        
Sales CZK mil           6,194 6,736 7,038 7,872 7,590    
Cost of Goods & Services CZK mil           5,025 5,581 5,867 6,663 6,295    
Gross Profit CZK mil           1,169 1,155 1,171 1,209 1,295    
Staff Cost CZK mil           483 490 510 627 624    
Other Operating Cost (Income) CZK mil           253 26.3 57.0 98.2 297    
EBITDA CZK mil           433 639 604 484 374    
Depreciation CZK mil           209 163 149 147 157    
EBIT CZK mil           224 477 455 338 216    
Net Financing Cost CZK mil           25.7 9.44 19.2 11.3 40.8    
Financing Cost CZK mil ... ... ... ... ... ... ... ... ... ...    
Financing Income CZK mil ... ... ... ... ... ... ... ... ... ...    
Extraordinary Cost CZK mil           -0.020 0 0 0.019 0    
Pre-Tax Profit CZK mil           198 467 435 326 175    
Tax CZK mil           27.0 52.6 71.7 65.7 48.3    
Minorities CZK mil           0 0 0 0 0 ... ...
Net Profit CZK mil           171 414 364 260 127    
Net Profit Avail. to Common CZK mil           171 414 364 260 127    
growth rates                        
Total Revenue Growth % ...         -0.329 8.75 4.49 11.9 -3.59    
Staff Cost Growth % ...         -1.81 1.44 4.02 22.9 -0.421    
EBITDA Growth % ...         -8.69 47.7 -5.47 -19.8 -22.8    
EBIT Growth % ...         -13.4 113 -4.60 -25.7 -36.0    
Pre-Tax Profit Growth % ...         -20.8 136 -6.79 -25.1 -46.2    
Net Profit Growth % ...         -12.7 142 -12.2 -28.4 -51.2    
ratios                        
ROE %           7.40 15.9 12.1 7.87 3.63    
ROA %           3.92 9.26 7.12 4.47 2.17    
ROCE % ...         5.22 12.3 9.75 6.24 2.92    
Gross Margin %           18.9 17.2 16.6 15.4 17.1    
EBITDA Margin %           6.98 9.49 8.58 6.15 4.92    
EBIT Margin %           3.62 7.07 6.46 4.29 2.85    
Net Margin %           2.77 6.15 5.17 3.31 1.67    
Cost of Financing % ... ... ... ... ... ... ... ... ... ...    
Net Debt/EBITDA           -1.93 -2.31 -2.36 -0.850 -2.58    
balance sheet Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                        
Cash & Cash Equivalents CZK mil           75.9 253 170 233 36.2    
Receivables CZK mil           973 1,136 1,719 2,230 2,272    
Inventories CZK mil           562 630 767 659 625    
Other ST Assets CZK mil           23.4 0 0 200 < -0.001    
Current Assets CZK mil           1,635 2,019 2,655 3,321 2,934    
Property, Plant & Equipment CZK mil           1,068 1,022 1,057 1,049 968    
LT Investments & Receivables CZK mil           1,225 1,225 1,255 1,255 1,279    
Intangible Assets CZK mil           0.347 0.214 0.084 0 0.863    
Goodwill CZK mil           0 0 0 0 0    
Non-Current Assets CZK mil           2,293 2,247 2,312 2,304 2,248    
Total Assets CZK mil           4,275 4,674 5,537 6,111 5,626    
                           
Trade Payables CZK mil           591 526 825 817 813    
Short-Term Debt CZK mil           0 0 0 0.170 0.092    
Other ST Liabilities CZK mil           370 431 419 362 518    
Current Liabilities CZK mil           961 957 1,244 1,179 1,331    
Long-Term Debt CZK mil           466 0 0 1,075 350    
Other LT Liabilities CZK mil           8.51 638 916 0 0    
Non-Current Liabilities CZK mil           475 638 916 1,075 350    
Liabilities CZK mil           1,875 1,860 2,360 2,673 2,061    
Equity Before Minority Interest CZK mil           2,400 2,814 3,178 3,438 3,565    
Minority Interest CZK mil           0 0 0 0 0    
Equity CZK mil           2,400 2,814 3,178 3,438 3,565    
growth rates                        
Total Asset Growth % ...         -4.39 9.34 18.5 10.4 -7.94    
Shareholders' Equity Growth % ...         7.69 17.3 12.9 8.20 3.70    
Net Debt Growth % ...         62.1 77.1 -3.59 -71.1 134    
Total Debt Growth % ...         -54.3 -100 ... ... -67.4    
ratios                        
Total Debt CZK mil           466 0 0 1,076 350    
Net Debt CZK mil           -834 -1,477 -1,424 -412 -965    
Working Capital CZK mil           944 1,240 1,661 2,071 2,085    
Capital Employed CZK mil           3,238 3,487 3,972 4,375 4,333    
Net Debt/Equity %           -34.8 -52.5 -44.8 -12.0 -27.1    
Current Ratio           1.70 2.11 2.13 2.82 2.21    
Quick Ratio           1.09 1.45 1.52 2.09 1.74    
cash flow Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
cash flow                        
Net Profit CZK mil           171 414 364 260 127    
Depreciation CZK mil           209 163 149 147 157    
Non-Cash Items CZK mil ... ... ... ... ... ... ... ... 238 247    
Change in Working Capital CZK mil ... ... ... ... ... ... ... ... -411 -13.7    
Total Cash From Operations CZK mil ... ... ... ... ... ... ... ... 234 518    
                           
Capital Expenditures CZK mil ... ... ... ... ... ... ... ... -140 -160    
Other Investing Activities CZK mil ... ... ... ... ... ... ... ... -190 172    
Total Cash From Investing CZK mil ... ... ... ... ... ... ... ... -330 11.4    
Issuance Of Debt CZK mil ... ... ... ... ... ... ... ... 1,076 -725    
Total Cash From Financing CZK mil ... ... ... ... ... ... ... ... 159 -725    
Net Change In Cash CZK mil ... ... ... ... ... ... ... ... 63.1 -196    
ratios                        
Days Sales Outstanding days           57.3 61.6 89.1 103 109    
Days Sales Of Inventory days           40.8 41.2 47.7 36.1 36.3    
Days Payable Outstanding days           42.9 34.4 51.3 44.8 47.1    
Cash Conversion Cycle days           55.2 68.4 85.5 94.7 98.4    
Cash Earnings CZK mil           380 577 513 407 285    
Free Cash Flow CZK mil ... ... ... ... ... ... ... ... -96.2 529    
Capital Expenditures (As % of Sales) % ... ... ... ... ... ... ... ... 1.78 2.11    
other ratios Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                         
Employees           909 1,022 1,082 1,241 1,205    
Cost Per Employee USD per month           2,263 1,870 1,645 1,668 1,839    
Cost Per Employee (Local Currency) CZK per month           44,284 39,957 39,258 42,076 43,151    
Staff Cost (As % of Sales) %           7.80 7.27 7.24 7.96 8.22    
Effective Tax Rate %           13.6 11.3 16.5 20.1 27.5    
Total Revenue Growth (5-year average) % ... ... ... ... ... -4.51 5.95 3.62 3.52 4.08    
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ...    

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Mahle Behr Mnichovo Hradiste's Net Debt/EBITDA fell 107% yoy to -4.19 in 2019

By Helgi Analytics - September 18, 2020

Mahle Behr Mnichovo Hradiste's net debt stood at CZK -1,632 mil and accounted for -46.0% of equity at the end of 2019. The ratio is down 19.1 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 157% in 2010...

Mahle Behr Mnichovo Hradiste's Net Margin fell 36.0% yoy to 3.02% in 2019

By Helgi Analytics - September 18, 2020

Mahle Behr Mnichovo Hradiste made a net profit of CZK 203 mil with revenues of CZK 6,722 mil in 2019, down by 41.3% and down by 8.17%, respectively, compared to the previous year. This translates into a net margin of 3.02%. Historically, between 2008 an...

Mahle Behr Mnichovo Hradiste's ROCE fell 36.6% yoy to 4.98% in 2019

By Helgi Analytics - September 18, 2020

Mahle Behr Mnichovo Hradiste made a net profit of CZK 203 mil in 2019, down 41.3% compared to the previous year. Historically, between 2008 and 2019, the company's net profit reached a high of CZK 475 mil in 2011 and a low of CZK -23.7 mil in 2008. The re...

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MAHLE Behr Mnichovo Hradiste, s.r.o. is one of the five companies of MAHLE Group operating in the Czech Republic. It is primarily engaged in production coolers and air conditioning units for automobiles. The company was founded in 2000 and is headquartered in Mnihovo Hradiste. It is a subsidiary of MAHLE Behr GmbH & Co. which manufactures equipment for light vehicles and trucks. The Company specializes in air conditioning and engine cooling systems for automotive industry, as well as offers engineering, module, and engine testing services. MAHLE Behr serves clients worldwide.

Mahle Behr Mnichovo Hradiste Logo

Finance

Mahle Behr Mnichovo Hradiste has been growing its sales by -0.043% a year on average in the last 5 years. EBITDA has fallen on average by 9.449999999999999% a year during that time to total of CZK 389 mil in 2019, or 5.79% of sales. That’s compared to 6.54% average margin seen in last five years.

The company netted CZK 203 mil in 2019 implying ROE of 5.40% and ROCE of 4.98%. Again, the average figures were 7.64% and 6.35%, respectively when looking at the previous 5 years.

Mahle Behr Mnichovo Hradiste’s net debt amounted to CZK -1,632 mil at the end of 2019, or -46.0% of equity. When compared to EBITDA, net debt was -4.19x, down when compared to average of -2.40x seen in the last 5 years.