MITAS a.s is a Czech Republic-based producer of agricultural tyres. Mitas manufactures and sells tyres under three brand names: the company’s own Mitas and Cultor, and Continental under licence. In addition, the Company produces and distributes a wide range of Mitas-branded industrial and motorcycle tyres. Mitas is a member of ČGS Holding and operates three production plants in the Czech Republic, one in Serbia and one in the
Read more »summary | Unit |
2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
Sales | CZK mil |
Gross Profit | CZK mil |
EBIT | CZK mil |
Net Profit | CZK mil |
ROE | % |
EBIT Margin | % |
Net Margin | % |
Employees |
5,670 | 7,374 | 9,906 | ... | 8,922 | |||||||
1,703 | 1,659 | 1,731 | ... | 2,516 | |||||||
395 | 290 | 289 | ... | 1,163 | |||||||
164 | 83.0 | 182 | ... | 893 | |||||||
6.36% | 3.05% | 6.79% | ... | 20.5% | |||||||
6.97% | 3.93% | 2.92% | ... | 13.0% | |||||||
2.89% | 1.13% | 1.84% | ... | 10.0% | |||||||
... | ... | 2,177 | 2,243 | 2,476 | ... | 2,433 |
Total Assets | CZK mil |
Non-Current Assets | CZK mil |
Current Assets | CZK mil |
Shareholders' Equity | CZK mil |
Liabilities | CZK mil |
Non-Current Liabilities | CZK mil |
Current Liabilities | CZK mil |
Net Debt/EBITDA | |
Net Debt/Equity | |
Cost of Financing | % |
5,656 | 5,871 | 6,482 | ... | 7,029 | |||||||
2,667 | 2,669 | 2,736 | ... | 3,646 | |||||||
2,923 | 3,182 | 3,734 | ... | 3,357 | |||||||
2,644 | 2,793 | 2,567 | ... | 4,359 | |||||||
3,012 | 3,078 | 3,915 | ... | 2,670 | |||||||
115 | 108 | 102 | ... | 80.7 | |||||||
1,119 | 1,637 | 2,057 | ... | 1,640 | |||||||
1.73 | 2.10 | 3.16 | ... | 0.359 | |||||||
0.567 | 0.541 | 0.738 | ... | 0.117 | |||||||
... | 12.9% | 13.5% | 5.83% | ... | ... |
Total Cash From Operations | CZK mil |
Total Cash From Investing | CZK mil |
Total Cash From Financing | CZK mil |
Net Change In Cash | CZK mil |
... | ... | ... | ... | 2,588 | 95.9 | 373 | ... | 875 | |||
... | ... | ... | ... | -330 | 60.8 | -144 | ... | -868 | |||
... | ... | ... | ... | -2,230 | -155 | -225 | ... | 0 | |||
... | ... | ... | ... | 28.6 | 1.91 | 3.36 | ... | 7.00 |
income statement | Unit |
2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
Sales | CZK mil |
Cost of Goods & Services | CZK mil |
Gross Profit | CZK mil |
Staff Cost | CZK mil |
Other Cost | CZK mil |
EBITDA | CZK mil |
Depreciation | CZK mil |
EBIT | CZK mil |
Financing Cost | CZK mil |
Extraordinary Cost | CZK mil |
Pre-Tax Profit | CZK mil |
Tax | CZK mil |
Minorities | CZK mil |
Net Profit | CZK mil |
Dividends | CZK mil |
5,670 | 7,374 | 9,906 | ... | 8,922 | |||||||
3,967 | 5,715 | 8,175 | ... | 6,406 | |||||||
1,703 | 1,659 | 1,731 | ... | 2,516 | |||||||
853 | 942 | 1,088 | ... | 1,074 | |||||||
-18.0 | -1.00 | 44.0 | ... | 21.6 | |||||||
868 | 718 | 599 | ... | 1,421 | |||||||
473 | 428 | 310 | ... | 257 | |||||||
395 | 290 | 289 | ... | 1,163 | |||||||
230 | 205 | 100 | ... | 68.8 | |||||||
0 | 1.00 | -1.00 | ... | 0 | |||||||
165 | 84.0 | 190 | ... | 1,095 | |||||||
0 | 1.00 | 8.00 | ... | 202 | |||||||
0 | 0 | 0 | ... | 0 | |||||||
164 | 83.0 | 182 | ... | 893 | |||||||
... | ... | ... | 155 | ... | ... | ... | 300 | ... |
Total Revenue Growth | % |
Operating Cost Growth | % |
EBITDA Growth | % |
EBIT Growth | % |
Pre-Tax Profit Growth | % |
Net Profit Growth | % |
... | -24.0% | 30.1% | 34.3% | ... | ... | ||||||
... | -7.63% | 12.7% | 20.3% | ... | ... | ||||||
... | 15.9% | -17.3% | -16.6% | ... | ... | ||||||
... | 32.6% | -26.6% | -0.345% | ... | ... | ||||||
... | -13.2% | -49.1% | 126% | ... | ... | ||||||
... | -20.8% | -49.4% | 119% | ... | ... |
ROE | % |
ROCE | % |
Gross Margin | % |
EBITDA Margin | % |
EBIT Margin | % |
Net Margin | % |
Payout Ratio | % |
Cost of Financing | % |
Net Debt/EBITDA |
6.36% | 3.05% | 6.79% | ... | 20.5% | |||||||
... | 4.26% | 2.20% | 4.45% | ... | ... | ||||||
30.0% | 22.5% | 17.5% | ... | 28.2% | |||||||
15.3% | 9.74% | 6.05% | ... | 15.9% | |||||||
6.97% | 3.93% | 2.92% | ... | 13.0% | |||||||
2.89% | 1.13% | 1.84% | ... | 10.0% | |||||||
... | ... | ... | 94.5% | ... | ... | ... | 33.6% | ... | |||
... | 12.9% | 13.5% | 5.83% | ... | ... | ||||||
1.73 | 2.10 | 3.16 | ... | 0.359 |
balance sheet | Unit |
2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
Non-Current Assets | CZK mil |
Property, Plant & Equipment | CZK mil |
Intangible Assets | CZK mil |
Current Assets | CZK mil |
Inventories | CZK mil |
Receivables | CZK mil |
Cash & Cash Equivalents | CZK mil |
Total Assets | CZK mil |
Shareholders' Equity | CZK mil |
Of Which Minority Interest | CZK mil |
Liabilities | CZK mil |
Non-Current Liabilities | CZK mil |
Long-Term Debt | CZK mil |
Deferred Tax Liabilities | CZK mil |
Current Liabilities | CZK mil |
Short-Term Debt | CZK mil |
Trade Payables | CZK mil |
Provisions | CZK mil |
Equity And Liabilities | CZK mil |
2,667 | 2,669 | 2,736 | ... | 3,646 | |||||||
2,400 | 2,214 | 2,034 | ... | 2,606 | |||||||
88.5 | 7.33 | 12.3 | ... | 3.29 | |||||||
2,923 | 3,182 | 3,734 | ... | 3,357 | |||||||
803 | 785 | 930 | ... | 1,028 | |||||||
1,125 | 1,552 | 2,099 | ... | 1,620 | |||||||
9.91 | 13.3 | 15.2 | ... | 12.4 | |||||||
5,656 | 5,871 | 6,482 | ... | 7,029 | |||||||
2,644 | 2,793 | 2,567 | ... | 4,359 | |||||||
0 | 0 | 0 | ... | 0 | |||||||
3,012 | 3,078 | 3,915 | ... | 2,670 | |||||||
115 | 108 | 102 | ... | 80.7 | |||||||
0 | 0 | 0 | ... | 0 | |||||||
115 | 108 | 102 | ... | 80.7 | |||||||
1,119 | 1,637 | 2,057 | ... | 1,640 | |||||||
1,509 | 1,524 | 1,910 | ... | 522 | |||||||
843 | 1,201 | 1,384 | ... | 1,215 | |||||||
14.7 | 11.0 | 17.2 | ... | 369 | |||||||
5,656 | 5,871 | 6,482 | ... | 7,029 |
... | -11.5% | 3.81% | 10.4% | ... | ... | ||||||
... | 5.17% | 5.63% | -8.07% | ... | ... | ||||||
... | -24.3% | 0.791% | 25.4% | ... | ... | ||||||
... | -26.9% | 1.01% | 25.3% | ... | ... |
Total Debt | CZK mil |
Net Debt | CZK mil |
Working Capital | CZK mil |
Capital Employed | CZK mil |
Net Debt/Equity | |
Cost of Financing | % |
1,509 | 1,524 | 1,910 | ... | 522 | |||||||
1,499 | 1,511 | 1,894 | ... | 510 | |||||||
1,086 | 1,137 | 1,644 | ... | 1,434 | |||||||
3,752 | 3,806 | 4,380 | ... | 5,079 | |||||||
0.567 | 0.541 | 0.738 | ... | 0.117 | |||||||
... | 12.9% | 13.5% | 5.83% | ... | ... |
cash flow | Unit |
2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
Net Profit | CZK mil |
Depreciation | CZK mil |
Non-Cash Items | CZK mil |
Change in Working Capital | CZK mil |
Total Cash From Operations | CZK mil |
Capital Expenditures | CZK mil |
Other Investments | CZK mil |
Total Cash From Investing | CZK mil |
Dividends Paid | CZK mil |
Issuance Of Debt | CZK mil |
Total Cash From Financing | CZK mil |
Net Change In Cash | CZK mil |
164 | 83.0 | 182 | ... | 893 | |||||||
473 | 428 | 310 | ... | 257 | |||||||
... | ... | ... | ... | ... | 1,961 | -364 | 388 | ... | ... | ||
... | ... | ... | ... | ... | -9.38 | -51.2 | -508 | ... | ... | ||
... | ... | ... | ... | 2,588 | 95.9 | 373 | ... | 875 | |||
... | ... | ... | ... | -269 | -349 | -376 | ... | -945 | |||
... | ... | ... | ... | -60.8 | 410 | 232 | ... | 76.9 | |||
... | ... | ... | ... | -330 | 60.8 | -144 | ... | -868 | |||
... | ... | ... | ... | -155 | ... | ... | ... | -300 | ... | ||
... | ... | ... | ... | ... | -556 | 15.2 | 386 | ... | ... | ||
... | ... | ... | ... | -2,230 | -155 | -225 | ... | 0 | |||
... | ... | ... | ... | 28.6 | 1.91 | 3.36 | ... | 7.00 |
Days Sales Outstanding | days |
Days Sales Of Inventory | days |
Days Payable Outstanding | days |
Cash Conversion Cycle | days |
Cash Earnings | CZK mil |
Free Cash Flow | CZK mil |
72.4 | 76.8 | 77.3 | ... | 66.3 | |||||||
73.9 | 50.1 | 41.5 | ... | 58.6 | |||||||
77.5 | 76.7 | 61.8 | ... | 69.2 | |||||||
68.8 | 50.3 | 57.0 | ... | 55.6 | |||||||
637 | 511 | 492 | ... | 1,150 | |||||||
... | ... | ... | ... | 2,259 | 157 | 228 | ... | 7.00 |
other data | Unit |
2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
ROA | % |
Gross Margin | % |
Employees | |
Cost Per Employee | USD per month |
Cost Per Employee (Local Currency) | CZK per month |
Staff Cost (As % Of Total Cost) | % |
Effective Tax Rate | % |
Domestic Sales | CZK mil |
Capital Expenditures (As % of Sales) | % |
Revenues From Abroad | CZK mil |
Revenues From Abroad (As % Of Total) | % |
2.72% | 1.44% | 2.95% | ... | 12.7% | |||||||
30.0% | 22.5% | 17.5% | ... | 28.2% | |||||||
... | ... | 2,177 | 2,243 | 2,476 | ... | 2,433 | |||||
... | ... | 1,713 | 1,831 | 2,070 | ... | 1,880 | |||||
... | ... | 32,652 | 34,998 | 36,618 | ... | 36,786 | |||||
16.2% | 13.3% | 11.3% | ... | 13.8% | |||||||
0% | 1.19% | 4.21% | ... | 18.4% | |||||||
... | ... | 634 | 989 | 1,228 | ... | 975 | |||||
... | ... | ... | ... | 4.74% | 4.73% | 3.80% | ... | 10.6% | |||
... | ... | 5,125 | 6,351 | 8,564 | ... | 8,060 | |||||
... | ... | 90.4% | 86.1% | 86.5% | ... | 90.3% |
MITAS a.s is a Czech Republic-based producer of agricultural tyres. Mitas manufactures and sells tyres under three brand names: the company’s own Mitas and Cultor, and Continental under licence. In addition, the Company produces and distributes a wide range of Mitas-branded industrial and motorcycle tyres. Mitas is a member of ČGS Holding and operates three
Read more »MITAS a.s is a Czech Republic-based producer of agricultural tyres. Mitas manufactures and sells tyres under three brand names: the company’s own Mitas and Cultor, and Continental under licence. In addition, the Company produces and distributes a wide range of Mitas-branded industrial and motorcycle tyres. Mitas is a member of ČGS Holding and operates three production plants in the Czech Republic, one in Serbia and one in the USA, and maintains a global sales and distribution network. The Company was founded in 1933 as a subsidiary of France's Michelin.
This report offers a summary of the company's performance in 2004-2012. You will find here all the key numbers from the company's balance sheet, income statement and cash flow on the annual, in the local currency as well as in USD
MITAS a.s is a Czech Republic-based producer of agricultural tyres. Mitas manufactures and sells tyres under three brand names: the company’s own Mitas and Cultor, and Continental under licence. In addition, the Company produces and distributes a wide range of Mitas-branded industrial and motorcycle tyres. Mitas is a member of ČGS Holding and operates three
Read more »MITAS a.s is a Czech Republic-based producer of agricultural tyres. Mitas manufactures and sells tyres under three brand names: the company’s own Mitas and Cultor, and Continental under licence. In addition, the Company produces and distributes a wide range of Mitas-branded industrial and motorcycle tyres. Mitas is a member of ČGS Holding and operates three production plants in the Czech Republic, one in Serbia and one in the USA, and maintains a global sales and distribution network. The Company was founded in 1933 as a subsidiary of France's Michelin.
This excel file offers a summary of the company's performance in 2004-2012. You will find here all the key numbers from the company's balance sheet, income statement and cash flow on the annual, in the local currency as well as in USD
Mitas invested total of CZK 264 mil in 2015, down 17.7% when compared to the previous year. Historically, company's investments reached an all time high of CZK 945 mil in 2013 and an all time low of CZK 259 mil in 2008.
Read more »Mitas invested total of CZK 264 mil in 2015, down 17.7% when compared to the previous year. Historically, company's investments reached an all time high of CZK 945 mil in 2013 and an all time low of CZK 259 mil in 2008.
When compared to total sales, investments reached 3.31% in 2015, down from 3.66% seen in the previous year. This is compared to 5.22% seen on average in the last five years.
As far as Mitas's peers are concerned, Automotive Lighting invested CZK 523 mil, or 3.28% of its sales in 2015. and The comparable figures for CZK 977 mil and 4.22% at Bosch Diesel Czech Republic are CZK 977 mil and 4.22% respectively on 2015 numbers.
You can see all the company’s data at Mitas Profile, or you can download a report on the company in the report section.
Mitas's net debt reached CZK -0.225 mil and accounted for
Historically, the firm’s net debt to equity reached an all time high
Read more »Mitas's net debt reached CZK -0.225 mil and accounted for < -0.001 of equity at the end of 2015. The ratio is up 81.6% when compared to the previous year.
Historically, the firm’s net debt to equity reached an all time high of 0.993 in 2004 and an all time low of < -0.001 in 2014.
When compared to EBITDA, net debt amounted to < -0.001x at the end of the year. The ratio reached an all time high of 4.53 in 2004 and an all time low of < -0.001 in 2014.
As far as Mitas's peers are concerned, Automotive Lighting posted net debt to equity of -0.005x and -0.009x when compared to EBITDA at the end of 2015. Continental Automotive Czech Republic ended the year 2015 with a net debt at 2.20x of equity and 3.58x when compared to its EBITDA while Continental Automotive Czech Republic had net debt at 2.20x of equity and 3.58x to EBITDA at the end of the year.
You can see all the company’s data at Mitas Profile, or you can download a report on the company in the report section.
Mitas's total assets reached CZK 7,606 mil at the end of 2015, up 8.14% when compared to the previous year.
Current assets amounted to CZK 3,545 mil, or 46.6% of total assets while cash reached CZK 13.3 mil at the end of 2015.
Read more »Mitas's total assets reached CZK 7,606 mil at the end of 2015, up 8.14% when compared to the previous year.
Current assets amounted to CZK 3,545 mil, or 46.6% of total assets while cash reached CZK 13.3 mil at the end of 2015.
On the other hand, total debt reached CZK 13.1 mil at the year-end, or 46.6% of total assets while firm's equity amounted to CZK 5,964 mil. As a result, net debt reached CZK -0.225 mil at the end of 2015 and accounted for -0.004% of equity.
You can see all the company’s data at Mitas Profile, or you can download a report on the company in the report section.
Mitas made a net profit of CZK 953 mil under revenues of CZK 7,975 mil in 2015, down -14.0% and -9.13%, respectively, when compared to the last year. This translates into a net margin of 11.9%.
Historically, the firm’s
Read more »Mitas made a net profit of CZK 953 mil under revenues of CZK 7,975 mil in 2015, down -14.0% and -9.13%, respectively, when compared to the last year. This translates into a net margin of 11.9%.
Historically, the firm’s net profit reached an all time high of CZK 1,108 mil in 2014 and an all time low of CZK -91.0 mil in 2006. Since 2010, the firm's net profit has increased 1048% or 62.9% a year on average.
On the operating level, EBITDA reached CZK 1,501 mil, up -11.8% when compared to the previous year. Over the last five years, company's EBITDA has grown 15.9% a year on average.
As far as Mitas's peers are concerned, Automotive Lighting posted net and EBITDA margin of 9.57% and 12.9%, respectively in 2015, Continental Automotive Czech Republic generated margins of 1.43% and 12.9% and Bosch Diesel Czech Republic's profit margin reached 2.57% on the net and 7.30% on the EBITDA level in 2015.
You can see all the company’s data at Mitas Profile, or you can download a report on the company in the report section.