By Helgi Library - December 3, 2020
Moracell made a net profit of CZK 29.1 mil with revenues of CZK 573 mil in 2019, up by 129% and up by 31.8%, respec...
By Helgi Library - December 3, 2020
Moracell employed 85.0 employees in 2019, up 19.7% compared to the previous year. Historically, between 2011 and 2019, ...
By Helgi Library - December 3, 2020
Moracell's net debt stood at CZK 136 mil and accounted for 80.6% of equity at the end of 2019. The ratio is down 42.7 pp...
| Profit Statement | 2017 | 2018 | 2019 | |
| Sales | CZK mil | 440 | 435 | 573 |
| Gross Profit | CZK mil | 79.8 | 66.2 | 103 |
| EBITDA | CZK mil | 44.0 | 33.9 | 59.0 |
| EBIT | CZK mil | 34.9 | 20.6 | 43.0 |
| Financing Cost | CZK mil | 2.38 | 3.64 | 5.79 |
| Pre-Tax Profit | CZK mil | 33.6 | 16.1 | 36.2 |
| Net Profit | CZK mil | 27.0 | 12.7 | 29.1 |
| Dividends | CZK mil | 0 | 0 | ... |
| Balance Sheet | 2017 | 2018 | 2019 | |
| Total Assets | CZK mil | 404 | 535 | 519 |
| Non-Current Assets | CZK mil | 192 | 311 | 305 |
| Current Assets | CZK mil | 211 | 224 | 214 |
| Working Capital | CZK mil | 84.6 | 20.5 | 36.8 |
| Shareholders' Equity | CZK mil | 126 | 139 | 168 |
| Liabilities | CZK mil | 278 | 396 | 351 |
| Total Debt | CZK mil | 127 | 205 | 159 |
| Net Debt | CZK mil | 114 | 171 | 136 |
| Ratios | 2017 | 2018 | 2019 | |
| ROE | % | 23.4 | 9.58 | 18.9 |
| ROCE | % | 10.5 | 4.18 | 8.63 |
| Gross Margin | % | 18.2 | 15.2 | 17.9 |
| EBITDA Margin | % | 10.0 | 7.80 | 10.3 |
| EBIT Margin | % | 7.95 | 4.75 | 7.50 |
| Net Margin | % | 6.15 | 2.92 | 5.07 |
| Net Debt/EBITDA | 2.59 | 5.05 | 2.30 | |
| Net Debt/Equity | % | 90.2 | 123 | 80.6 |
| Cost of Financing | % | 2.07 | 2.19 | 3.18 |
| Cash Flow | 2017 | 2018 | 2019 | |
| Total Cash From Operations | CZK mil | 44.3 | 58.7 | 52.6 |
| Total Cash From Investing | CZK mil | -43.0 | -97.7 | -41.9 |
| Total Cash From Financing | CZK mil | 9.50 | 59.9 | -20.6 |
| Net Change In Cash | CZK mil | 10.8 | 20.9 | -9.88 |
| Cash Conversion Cycle | days | 67.0 | 6.24 | 14.6 |
| Cash Earnings | CZK mil | 36.1 | 26.0 | 45.1 |
| Free Cash Flow | CZK mil | 1.33 | -39.0 | 10.8 |
Get all company financials in excel:
| overview | Unit | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| income statement | ||||||||||||
| Sales | CZK mil | 459 | 513 | 492 | 461 | 440 | ||||||
| Gross Profit | CZK mil | 53.0 | 55.4 | 45.7 | 63.6 | 79.8 | ||||||
| EBIT | CZK mil | 16.4 | 18.7 | 8.20 | 21.5 | 34.9 | ||||||
| Net Profit | CZK mil | 3.53 | 8.95 | 4.27 | 14.0 | 27.0 | ||||||
| ROE | % | 4.28 | 10.3 | 4.72 | 14.3 | 23.4 | ||||||
| EBIT Margin | % | 3.57 | 3.65 | 1.67 | 4.66 | 7.95 | ||||||
| Net Margin | % | 0.767 | 1.75 | 0.867 | 3.03 | 6.15 | ||||||
| Employees | ... | ... | 62.0 | 63.0 | 62.0 | 65.0 | 68.0 | |||||
| balance sheet | ||||||||||||
| Total Assets | CZK mil | 371 | 349 | 347 | 345 | 404 | ||||||
| Non-Current Assets | CZK mil | 163 | 157 | 151 | 175 | 192 | ||||||
| Current Assets | CZK mil | 207 | 192 | 196 | 170 | 211 | ||||||
| Shareholders' Equity | CZK mil | 84.1 | 89.8 | 90.9 | 105 | 126 | ||||||
| Liabilities | CZK mil | 287 | 260 | 256 | 240 | 278 | ||||||
| Non-Current Liabilities | CZK mil | 60.7 | 53.2 | 44.1 | 39.7 | 56.0 | ||||||
| Current Liabilities | CZK mil | 235 | 206 | 212 | 200 | 221 | ||||||
| Net Debt/EBITDA | 5.76 | 4.00 | 6.66 | 3.56 | 2.59 | |||||||
| Net Debt/Equity | % | 159 | 113 | 116 | 97.9 | 90.2 | ||||||
| Cost of Financing | % | ... | 2.93 | 3.27 | 2.72 | 2.46 | 2.07 | |||||
| cash flow | ||||||||||||
| Total Cash From Operations | CZK mil | 23.8 | 19.7 | 9.55 | 18.0 | 44.3 | ||||||
| Total Cash From Investing | CZK mil | -0.462 | -1.21 | -1.22 | -15.0 | -43.0 | ||||||
| Total Cash From Financing | CZK mil | -20.5 | -13.3 | -13.3 | -5.87 | 9.50 | ||||||
| Net Change In Cash | CZK mil | 2.85 | 5.22 | -4.95 | -2.87 | 10.8 |
| income statement | Unit | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| income statement | ||||||||||||
| Sales | CZK mil | 459 | 513 | 492 | 461 | 440 | ||||||
| Cost of Goods & Services | CZK mil | 406 | 457 | 446 | 397 | 360 | ||||||
| Gross Profit | CZK mil | 53.0 | 55.4 | 45.7 | 63.6 | 79.8 | ||||||
| Staff Cost | CZK mil | 31.4 | 29.7 | 29.5 | 31.5 | 36.8 | ||||||
| Other Operating Cost (Income) | CZK mil | -1.67 | 0.158 | 0.288 | 3.27 | -0.879 | ||||||
| EBITDA | CZK mil | 23.2 | 25.5 | 15.9 | 28.8 | 44.0 | ||||||
| Depreciation | CZK mil | 6.84 | 6.72 | 7.66 | 7.36 | 9.03 | ||||||
| EBIT | CZK mil | 16.4 | 18.7 | 8.20 | 21.5 | 34.9 | ||||||
| Net Financing Cost | CZK mil | 12.1 | 7.31 | 2.90 | 4.11 | 1.33 | ||||||
| Financing Cost | CZK mil | 4.32 | 4.04 | 2.99 | 2.63 | 2.38 | ||||||
| Extraordinary Cost | CZK mil | -0.001 | 0 | 0 | 0 | 0 | ||||||
| Pre-Tax Profit | CZK mil | 4.34 | 11.4 | 5.31 | 17.3 | 33.6 | ||||||
| Tax | CZK mil | 0.810 | 2.48 | 1.04 | 3.38 | 6.56 | ||||||
| Net Profit | CZK mil | 3.53 | 8.95 | 4.27 | 14.0 | 27.0 | ||||||
| Net Profit Avail. to Common | CZK mil | 3.53 | 8.95 | 4.27 | 14.0 | 27.0 | ||||||
| Dividends | CZK mil | 3.23 | 3.22 | 0 | 5.59 | 0 | ... | |||||
| growth rates | ||||||||||||
| Total Revenue Growth | % | ... | 41.3 | 11.6 | -4.06 | -6.37 | -4.58 | |||||
| Staff Cost Growth | % | ... | 10.9 | -5.29 | -0.662 | 6.59 | 16.7 | |||||
| EBITDA Growth | % | ... | 13.9 | 9.54 | -37.7 | 81.6 | 52.6 | |||||
| EBIT Growth | % | ... | 20.8 | 14.3 | -56.2 | 161 | 62.9 | |||||
| Pre-Tax Profit Growth | % | ... | -54.2 | 164 | -53.6 | 227 | 93.8 | |||||
| Net Profit Growth | % | ... | -52.7 | 154 | -52.4 | 227 | 93.7 | |||||
| ratios | ||||||||||||
| ROE | % | 4.28 | 10.3 | 4.72 | 14.3 | 23.4 | ||||||
| ROA | % | 0.986 | 2.49 | 1.22 | 4.03 | 7.22 | ||||||
| ROCE | % | ... | 1.50 | 3.82 | 1.85 | 6.02 | 10.5 | |||||
| Gross Margin | % | 11.5 | 10.8 | 9.29 | 13.8 | 18.2 | ||||||
| EBITDA Margin | % | 5.06 | 4.96 | 3.22 | 6.25 | 10.0 | ||||||
| EBIT Margin | % | 3.57 | 3.65 | 1.67 | 4.66 | 7.95 | ||||||
| Net Margin | % | 0.767 | 1.75 | 0.867 | 3.03 | 6.15 | ||||||
| Payout Ratio | % | 91.7 | 36.0 | 0 | 40.0 | 0 | ... | |||||
| Cost of Financing | % | ... | 2.93 | 3.27 | 2.72 | 2.46 | 2.07 | |||||
| Net Debt/EBITDA | 5.76 | 4.00 | 6.66 | 3.56 | 2.59 |
| balance sheet | Unit | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| balance sheet | ||||||||||||
| Cash & Cash Equivalents | CZK mil | 3.28 | 8.50 | 4.15 | 1.33 | 12.8 | ||||||
| Receivables | CZK mil | 109 | 103 | 112 | 91.8 | 102 | ||||||
| Inventories | CZK mil | 95.0 | 79.8 | 80.3 | 77.0 | 96.7 | ||||||
| Other ST Assets | CZK mil | < -0.001 | < -0.001 | 0 | < -0.001 | < 0.001 | ||||||
| Current Assets | CZK mil | 207 | 192 | 196 | 170 | 211 | ||||||
| Property, Plant & Equipment | CZK mil | 163 | 157 | 151 | 175 | 192 | ||||||
| LT Investments & Receivables | CZK mil | < -0.001 | 0 | 0 | 0 | 0 | ||||||
| Intangible Assets | CZK mil | 0.068 | 0 | 0 | 0 | 0 | ||||||
| Goodwill | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Non-Current Assets | CZK mil | 163 | 157 | 151 | 175 | 192 | ||||||
| Total Assets | CZK mil | 371 | 349 | 347 | 345 | 404 | ||||||
| Trade Payables | CZK mil | 133 | 106 | 117 | 106 | 114 | ||||||
| Short-Term Debt | CZK mil | 80.9 | 64.2 | 73.7 | 73.8 | 81.4 | ||||||
| Other ST Liabilities | CZK mil | 21.2 | 36.0 | 21.4 | 20.0 | 25.5 | ||||||
| Current Liabilities | CZK mil | 235 | 206 | 212 | 200 | 221 | ||||||
| Long-Term Debt | CZK mil | 56.2 | 46.2 | 36.1 | 30.2 | 45.3 | ||||||
| Other LT Liabilities | CZK mil | 4.52 | 7.00 | 8.04 | 9.46 | 10.7 | ||||||
| Non-Current Liabilities | CZK mil | 60.7 | 53.2 | 44.1 | 39.7 | 56.0 | ||||||
| Liabilities | CZK mil | 287 | 260 | 256 | 240 | 278 | ||||||
| Equity Before Minority Interest | CZK mil | 84.1 | 89.8 | 90.9 | 105 | 126 | ||||||
| Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Equity | CZK mil | 84.1 | 89.8 | 90.9 | 105 | 126 | ||||||
| growth rates | ||||||||||||
| Total Asset Growth | % | ... | 8.03 | -5.85 | -0.644 | -0.611 | 17.1 | |||||
| Shareholders' Equity Growth | % | ... | 4.38 | 6.80 | 1.16 | 15.4 | 20.5 | |||||
| Net Debt Growth | % | ... | -14.9 | -23.9 | 3.78 | -2.84 | 10.9 | |||||
| Total Debt Growth | % | ... | -13.0 | -19.5 | -0.454 | -5.30 | 21.8 | |||||
| ratios | ||||||||||||
| Total Debt | CZK mil | 137 | 110 | 110 | 104 | 127 | ||||||
| Net Debt | CZK mil | 134 | 102 | 106 | 103 | 114 | ||||||
| Working Capital | CZK mil | 71.4 | 77.5 | 75.3 | 62.8 | 84.6 | ||||||
| Capital Employed | CZK mil | 234 | 235 | 226 | 237 | 277 | ||||||
| Net Debt/Equity | % | 159 | 113 | 116 | 97.9 | 90.2 | ||||||
| Current Ratio | 0.883 | 0.931 | 0.926 | 0.852 | 0.957 | |||||||
| Quick Ratio | 0.478 | 0.544 | 0.547 | 0.466 | 0.519 |
| cash flow | Unit | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| cash flow | ||||||||||||
| Net Profit | CZK mil | 3.53 | 8.95 | 4.27 | 14.0 | 27.0 | ||||||
| Depreciation | CZK mil | 6.84 | 6.72 | 7.66 | 7.36 | 9.03 | ||||||
| Non-Cash Items | CZK mil | 16.8 | 10.2 | -4.58 | -15.8 | 29.9 | ||||||
| Change in Working Capital | CZK mil | -3.39 | -6.17 | 2.20 | 12.5 | -21.7 | ||||||
| Total Cash From Operations | CZK mil | 23.8 | 19.7 | 9.55 | 18.0 | 44.3 | ||||||
| Capital Expenditures | CZK mil | -0.462 | -1.35 | -1.22 | -15.0 | -43.0 | ||||||
| Other Investing Activities | CZK mil | 0 | 0.139 | 0 | 0 | 0 | ||||||
| Total Cash From Investing | CZK mil | -0.462 | -1.21 | -1.22 | -15.0 | -43.0 | ||||||
| Dividends Paid | CZK mil | 0 | -3.23 | -3.22 | 0 | -5.59 | ||||||
| Issuance Of Shares | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Issuance Of Debt | CZK mil | ... | -20.6 | -10.1 | -10.1 | -5.83 | 22.7 | |||||
| Other Financing Activities | CZK mil | ... | 0.552 | 1.21 | 1.22 | 15.0 | 35.3 | |||||
| Total Cash From Financing | CZK mil | -20.5 | -13.3 | -13.3 | -5.87 | 9.50 | ||||||
| Net Change In Cash | CZK mil | 2.85 | 5.22 | -4.95 | -2.87 | 10.8 | ||||||
| ratios | ||||||||||||
| Days Sales Outstanding | days | 86.5 | 73.7 | 82.8 | 72.7 | 84.7 | ||||||
| Days Sales Of Inventory | days | 85.3 | 63.7 | 65.7 | 70.8 | 98.1 | ||||||
| Days Payable Outstanding | days | 119 | 84.4 | 95.3 | 97.4 | 116 | ||||||
| Cash Conversion Cycle | days | 52.8 | 53.0 | 53.2 | 46.1 | 67.0 | ||||||
| Cash Earnings | CZK mil | 10.4 | 15.7 | 11.9 | 21.3 | 36.1 | ||||||
| Free Cash Flow | CZK mil | 23.3 | 18.5 | 8.33 | 3.00 | 1.33 | ||||||
| Capital Expenditures (As % of Sales) | % | 0.101 | 0.264 | 0.248 | 3.26 | 9.78 |
| other ratios | Unit | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| Employees | ... | ... | 62.0 | 63.0 | 62.0 | 65.0 | 68.0 | |||||
| Cost Per Employee | USD per month | ... | ... | 2,158 | 1,841 | 1,664 | 1,600 | 1,919 | ||||
| Cost Per Employee (Local Currency) | CZK per month | ... | ... | 42,215 | 39,347 | 39,716 | 40,381 | 45,037 | ||||
| Material & Energy (As % of Sales) | % | 69.6 | 70.6 | 72.3 | 65.3 | 60.8 | ||||||
| Services (As % of Sales) | % | 18.9 | 18.6 | 18.4 | 20.9 | 21.0 | ||||||
| Staff Cost (As % of Sales) | % | 6.84 | 5.80 | 6.01 | 6.84 | 8.36 | ||||||
| Effective Tax Rate | % | 18.7 | 21.7 | 19.6 | 19.5 | 19.5 | ||||||
| Total Revenue Growth (5-year average) | % | ... | ... | ... | ... | ... | 45.7 | 45.2 | 25.4 | 6.23 | ||
| Total Revenue Growth (10-year average) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Get all company financials in excel:
By Helgi Library - December 3, 2020
Moracell made a net profit of CZK 29.1 mil in 2019, up 129% compared to the previous year. Historically, between 2009 and 2019, the company's net profit reached a high of CZK 29.1 mil in 2019 and a low of CZK 1.70 mil in 2011. The result implies a return ...
By Helgi Library - December 3, 2020
Moracell invested a total of CZK 41.9 mil in 2019, down 57.1% compared to the previous year. Historically, between 2009 - 2019, the company's investments stood at a high of CZK 97.6 mil in 2018 and a low of CZK 0.462 mil in 2013. As a...
By Helgi Library - December 3, 2020
Moracell made a net profit of CZK 29.1 mil with revenues of CZK 573 mil in 2019, up by 129% and up by 31.8%, respectively, compared to the previous year. This translates into a net margin of 5.07%. Historically, between 2009 and 2019, the firm’s n...
MORACELL is the largest manufacturer of paper hygiene products in the Czech Republic. The company's product portfolio includes toilet paper, kitchen towels, napkins and tissues.
Moracell has been growing its sales by 2.26% a year on average in the last 5 years. EBITDA has grown on average by 18.3% a year during that time to total of CZK 59.0 mil in 2019, or 10.3% of sales. That’s compared to 7.51% average margin seen in last five years.
The company netted CZK 29.1 mil in 2019 implying ROE of 18.9% and ROCE of 8.63%. Again, the average figures were 14.2% and 6.24%, respectively when looking at the previous 5 years.
Moracell’s net debt amounted to CZK 136 mil at the end of 2019, or 80.6% of equity. When compared to EBITDA, net debt was 2.30x, down when compared to average of 4.03x seen in the last 5 years.
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