O2 Czech Republic

O2 CR's net profit rose 6.24% to CZK 5,587 mil in 2017

By Helgi Analytics - November 05, 2019

O2 Czech Republic made a net profit of CZK 5,587 mil in 2017, up 6.24% when compared to the last year. Total sales reached CZK 37,78...

O2 CR's price/earnings (P/E) fell 1.35% to 15.0 in 2017

By Helgi Analytics - November 05, 2019

O2 Czech Republic stock traded at CZK 277 per share at the end 2017 translating into a market capitalization of USD 3,937 mil. ...

O2 CR's employees rose 7.61% to 5,275 in 2017

By Helgi Analytics - November 05, 2019

O2 Czech Republic employed 5,275 persons in 2017, up 7.61% when compared to the previous year. Historically, the firm's workforce hi...

Profit Statement 2015 2016 2017
Sales CZK mil 37,481 37,594 37,786
Gross Profit CZK mil 18,068 18,173 18,369
EBITDA CZK mil 10,115 10,299 10,506
EBIT CZK mil 6,595 6,857 7,158
Financing Cost CZK mil 166 90.0 59.0
Pre-Tax Profit CZK mil 6,438 6,744 7,098
Net Profit CZK mil 5,077 5,259 5,587
Dividends CZK mil 4,946 6,394 ...
Balance Sheet 2015 2016 2017
Total Assets CZK mil 30,268 33,306 34,842
Non-Current Assets CZK mil 21,399 22,071 23,411
Current Assets CZK mil 8,869 11,235 11,431
Working Capital CZK mil -1,492 -1,196 -866
Shareholders' Equity CZK mil 18,344 17,504 15,475
Liabilities CZK mil 11,924 15,802 19,367
Total Debt CZK mil 2,981 6,977 10,486
Net Debt CZK mil 1,011 2,840 6,398
Ratios 2015 2016 2017
ROE % 14.0 29.3 33.9
ROCE % 12.6 25.8 25.7
Gross Margin % 48.2 48.3 48.6
EBITDA Margin % 27.0 27.4 27.8
EBIT Margin % 17.6 18.2 18.9
Net Margin % 13.5 14.0 14.8
Net Debt/EBITDA 0.100 0.276 0.609
Net Debt/Equity % 5.51 16.2 41.3
Cost of Financing % 3.32 1.81 0.676
Valuation 2015 2016 2017
Market Capitalisation USD mil 3,136 3,124 3,937
Enterprise Value (EV) USD mil 3,177 3,235 4,237
Number Of Shares mil 310 308 304
Share Price CZK 251 260 277
EV/EBITDA 7.50 7.93 9.47
EV/Sales 2.02 2.17 2.63
Price/Earnings (P/E) 15.3 15.2 15.0
Price/Book Value (P/BV) 4.24 4.58 5.42
Dividend Yield % 6.35 7.98 ...

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summary Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                      
Sales CZK mil ...                       52,409 50,535 47,252 37,480 37,481    
Gross Profit CZK mil ...                       34,027 30,663 28,382 18,510 18,068    
EBIT CZK mil ...                       10,139 8,344 7,445 4,597 6,595    
Net Profit CZK mil ...                       8,684 6,776 5,695 3,515 5,077    
ROE % ...                       12.2 10.5 9.79 6.40 14.0    
EBIT Margin % ...                       19.3 16.5 15.8 12.3 17.6    
Net Margin % ...                       16.6 13.4 12.1 9.38 13.5    
Employees ...                       6,890 6,365 5,606 4,892 3,908    
balance sheet                                      
Total Assets CZK mil ...                       88,982 79,199 73,950 74,290 30,268    
Non-Current Assets CZK mil ...                       73,100 67,835 62,460 63,370 21,399    
Current Assets CZK mil ...                       15,881 11,364 11,489 10,920 8,869    
Shareholders' Equity CZK mil ...                       69,097 60,574 55,749 54,153 18,344    
Liabilities CZK mil ...                       19,885 18,625 18,201 20,137 11,924    
Non-Current Liabilities CZK mil ...                       3,736 6,322 5,825 5,557 3,146    
Current Liabilities CZK mil ...                       16,015 12,303 12,376 14,580 8,778    
Net Debt/EBITDA ...                       -0.179 < -0.001 -0.048 0.471 0.100    
Net Debt/Equity % ...                       -5.64 -0.021 -1.59 6.92 5.51    
Cost of Financing % ... ...                     7.36 6.17 6.00 2.00 3.32    
cash flow                                      
Total Cash From Operations CZK mil ...                       20,532 17,235 17,301 12,976 11,643    
Total Cash From Investing CZK mil ...                       -5,515 -6,015 -5,719 -12,025 -3,338    
Total Cash From Financing CZK mil ...                       -12,880 -15,107 -10,891 -1,585 -10,003    
Net Change In Cash CZK mil ...                       2,137 -3,887 691 -634 -1,698    
valuation                                      
Market Capitalisation USD mil                         6,248 5,489 4,792 3,127 3,136    
Number Of Shares mil                         322 322 322 316 310    
Share Price CZK                         383 324 295 227 251    
Earnings Per Share (EPS) CZK ...                       27.0 21.0 17.7 11.1 16.4    
Book Value Per Share CZK ...                       215 188 173 172 59.1    
Dividend Per Share CZK ...   ...     ...             27.5 30.0 18.0 12.8 15.9   ...
Price/Earnings (P/E) ...                       14.2 15.4 16.7 20.4 15.3    
Price/Book Value (P/BV) ...                       1.79 1.72 1.70 1.32 4.24    
Dividend Yield % ...   ...     ...             7.17 9.26 6.10 5.63 6.35   ...
Earnings Per Share Growth % ... ...                     -29.3 -22.0 -16.0 -37.0 47.0    
Book Value Per Share Growth % ... ...                     -5.57 -12.3 -7.97 -0.880 -65.5    
income statement Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                      
Sales CZK mil ...                       52,409 50,535 47,252 37,480 37,481    
Cost of Goods & Services CZK mil ...                       18,382 19,872 18,870 18,970 19,413    
Gross Profit CZK mil ...                       34,027 30,663 28,382 18,510 18,068    
Staff Cost CZK mil ...                       6,179 5,573 5,067 3,496 3,567    
Other Cost CZK mil ...                       6,058 5,309 4,838 7,054 4,386    
EBITDA CZK mil ...                       21,790 19,781 18,477 7,960 10,115    
Depreciation CZK mil ...                       11,651 11,437 11,032 3,363 3,520    
EBIT CZK mil ...                       10,139 8,344 7,445 4,597 6,595    
Financing Cost CZK mil ...                       224 188 181 100 166    
Extraordinary Cost CZK mil ...                       -93.0 0 0 -8.00 -9.00    
Pre-Tax Profit CZK mil ...                       10,008 8,156 7,264 4,505 6,438    
Tax CZK mil ...                       1,324 1,380 1,569 990 1,361    
Minorities CZK mil ... ... ... ... ... ...   ... ... ... ... ... ... ... ... 0 0    
Net Profit CZK mil ...                       8,684 6,776 5,695 3,515 5,077    
Dividends CZK mil ...   ...     ...             8,848 9,663 5,798 4,033 4,946   ...
growth rates                                      
Total Revenue Growth % ... ...                     -5.93 -3.58 -6.50 -20.7 0.003    
Operating Cost Growth % ... ...                     507 -11.1 -8.98 6.51 -24.6    
EBITDA Growth % ... ...                     -20.4 -9.22 -6.59 -56.9 27.1    
EBIT Growth % ... ...                     -34.7 -17.7 -10.8 -38.3 43.5    
Pre-Tax Profit Growth % ... ...                     -34.7 -18.5 -10.9 -38.0 42.9    
Net Profit Growth % ... ...                     -29.3 -22.0 -16.0 -38.3 44.4    
ratios                                      
ROE % ...                       12.2 10.5 9.79 6.40 14.0    
ROCE % ... ...                     11.4 9.86 9.06 5.83 12.6    
Gross Margin % ...                       64.9 60.7 60.1 49.4 48.2    
EBITDA Margin % ...                       41.6 39.1 39.1 21.2 27.0    
EBIT Margin % ...                       19.3 16.5 15.8 12.3 17.6    
Net Margin % ...                       16.6 13.4 12.1 9.38 13.5    
Payout Ratio % ...   ...     ...             102 143 102 115 97.4   ...
Cost of Financing % ... ...                     7.36 6.17 6.00 2.00 3.32    
Net Debt/EBITDA ...                       -0.179 < -0.001 -0.048 0.471 0.100    
balance sheet Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                      
Non-Current Assets CZK mil ...                       73,100 67,835 62,460 63,370 21,399    
Property, Plant & Equipment CZK mil ...                       52,442 46,691 41,857 36,200 4,638    
Intangible Assets CZK mil ...                       20,658 20,330 20,008 26,276 16,147    
Goodwill CZK mil ... ... ... ... ... ...             13,453 13,497 13,499 13,448 ...    
Current Assets CZK mil ...                       15,881 11,364 11,489 10,920 8,869    
Inventories CZK mil ...                       488 487 536 470 722    
Receivables CZK mil ...                       6,912 7,730 7,001 7,170 6,177    
Cash & Cash Equivalents CZK mil ...                       6,955 3,044 3,890 3,256 1,970    
Total Assets CZK mil ...                       88,982 79,199 73,950 74,290 30,268    
Shareholders' Equity CZK mil ...                       69,097 60,574 55,749 54,153 18,344    
Of Which Minority Interest CZK mil ...                       0 0 0 0 0    
Liabilities CZK mil ...                       19,885 18,625 18,201 20,137 11,924    
Non-Current Liabilities CZK mil ...                       3,736 6,322 5,825 5,557 3,146    
Long-Term Debt CZK mil ...                       0 3,000 3,000 3,000 2,970    
Deferred Tax Liabilities CZK mil ...                       3,736 3,206 2,735 2,152 60.0    
Current Liabilities CZK mil ...                       16,015 12,303 12,376 14,580 8,778    
Short-Term Debt CZK mil ...                       3,061 31.0 4.00 4,004 11.0    
Trade Payables CZK mil ...                       9,065 9,982 10,328 10,135 8,391    
Provisions CZK mil ...                       93.0 61.0 26.0 143 131    
Equity And Liabilities CZK mil ...                       88,982 79,199 73,950 74,290 30,268    
growth rates                                      
Total Asset Growth % ... ...                     -4.11 -11.0 -6.63 0.460 -59.3    
Shareholders' Equity Growth % ... ...                     -5.57 -12.3 -7.97 -2.86 -66.1    
Net Debt Growth % ... ...                     120 -99.7 6,715 -523 -73.0    
Total Debt Growth % ... ...         ...           1.22 -0.980 -0.891 133 -57.4    
ratios                                      
Total Debt CZK mil ...                       3,061 3,031 3,004 7,004 2,981    
Net Debt CZK mil ...                       -3,894 -13.0 -886 3,748 1,011    
Working Capital CZK mil ...                       -1,665 -1,765 -2,791 -2,495 -1,492    
Capital Employed CZK mil ...                       71,435 66,070 59,669 60,875 19,907    
Net Debt/Equity % ...                       -5.64 -0.021 -1.59 6.92 5.51    
Cost of Financing % ... ...                     7.36 6.17 6.00 2.00 3.32    
cash flow Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
cash flow                                      
Net Profit CZK mil ...                       8,684 6,776 5,695 3,515 5,077    
Depreciation CZK mil ...                       11,651 11,437 11,032 3,363 3,520    
Non-Cash Items CZK mil ... ...                     -4,317 -1,078 -452 6,394 4,049    
Change in Working Capital CZK mil ... ...                     4,514 100 1,026 -296 -1,003    
Total Cash From Operations CZK mil ...                       20,532 17,235 17,301 12,976 11,643    
Capital Expenditures CZK mil ...                       -5,953 -6,337 -5,791 -12,057 -1,701    
Other Investments CZK mil ...                       438 322 72.0 32.0 -1,637    
Total Cash From Investing CZK mil ...                       -5,515 -6,015 -5,719 -12,025 -3,338    
Dividends Paid CZK mil ... ...   ...     ...           -12,878 -8,848 -9,663 -5,798 -4,033    
Issuance Of Shares CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0    
Issuance Of Debt CZK mil ... ...                     37.0 -30.0 -27.0 4,000 -4,023    
Total Cash From Financing CZK mil ...                       -12,880 -15,107 -10,891 -1,585 -10,003    
Net Change In Cash CZK mil ...                       2,137 -3,887 691 -634 -1,698    
ratios                                      
Days Sales Outstanding days ...                       48.1 55.8 54.1 69.8 60.2    
Days Sales Of Inventory days ...                       9.69 8.95 10.4 9.04 13.6    
Days Payable Outstanding days ...                       180 183 200 195 158    
Cash Conversion Cycle days ...                       -122 -119 -135 -116 -84.0    
Cash Earnings CZK mil ...                       20,335 18,213 16,727 6,878 8,597    
Cash Earnings Per Share CZK ...                       63.1 56.5 51.9 21.8 27.7    
Price/Cash Earnings (P/CE) ...                       6.07 5.73 5.68 10.4 9.06    
Free Cash Flow CZK mil ...                       15,017 11,220 11,582 951 8,305    
Free Cash Flow Yield % ...                       13.6 10.5 12.4 1.42 11.1    
other data Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                      
ROA % ...                       9.55 8.06 7.44 4.74 9.71    
Gross Margin % ...                       64.9 60.7 60.1 49.4 48.2    
Employees ...                       6,890 6,365 5,606 4,892 3,908    
Cost Per Employee USD per month ...                       4,226 3,730 3,850 2,786 3,187    
Cost Per Employee (Local Currency) CZK per month ...                       74,734 72,964 75,321 59,547 76,062    
Staff Cost (As % Of Total Cost) % ...                       14.6 13.2 12.7 10.6 11.5    
Effective Tax Rate % ...                       13.2 16.9 21.6 22.0 21.1    
Enterprise Value (EV) USD mil ...                       6,051 5,488 4,747 3,291 3,177    
EV/EBITDA ...                       4.91 5.43 5.03 8.83 7.50    
EV/Capital Employed ...                       1.67 1.58 1.58 1.24 3.96    
EV/Sales ...                       2.04 2.12 1.97 1.88 2.02    
EV/EBIT ...                       10.6 12.9 12.5 15.3 11.5    
Capital Expenditures (As % of Sales) % ...                       11.4 12.5 12.3 32.2 4.54    
Revenues From Abroad CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 6,151 6,595    
Revenues From Abroad (As % Of Total) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 16.4 17.6    
Clients mil ...                       4.94 5.08 5.10 4.35 8.54    
Czech Mobile Sales From Outgoing Calls CZK mil ...                       15,952 14,346 25,903 9,958 9,286    
Czech Mobile Sales From SMS & MMS CZK mil ...                       4,219 3,874 ... 1,219 1,085    
Czech Mobile Internet & Data CZK mil ...   ... ... ... ... ... ...         0 0 0 3,985 4,363    
Czech Mobile Other Sales CZK mil ... ... ... ... ... ... ... ...         5,956 6,312 ... 4,012 4,482    
Czech Republic's Total Mobile Sales CZK mil ... ... ... ... ... ... ... ...         26,127 24,532 21,897 19,174 19,216    
Czech Fixed Line Sales From Outgoing Calls CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3,392 2,894    
Czech Fixed Line Sales From Data Services CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1,222 1,136    
Czech Fixed Line Internet & TV CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 5,045 4,951    
Czech Fixed Line ICT CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1,719 1,960    
Czech Fixed Line Other Sales CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 777 729    
Czech Republic's Total Fixed Line Sales CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 12,155 11,670    
Clients (Czech Republic) mil ... ... ... ... ... ...             4.94 5.08 5.10 5.07 6.73    
Fixed Line Clients (Czech Republic) mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1.91 1.84    
Pre-Paid Mobile Clients (Czech Republic) mil ... ... ... ... ... ...             1.89 1.89 1.87 1.78 1.66    
Post-Paid Mobile Clients (Czech Republic) mil ... ... ... ... ... ...             3.05 3.19 3.24 3.29 3.24    
Clients (Slovakia) mil ... ... ... ... ... ... ... ...         1.16 1.35 1.54 1.68 1.81    
Pre-Paid Mobile Clients (Slovakia) mil ... ... ... ... ... ... ... ...         0.666 0.695 0.766 0.826 0.838    
Post-Paid Mobile Clients (Slovakia) mil ... ... ... ... ... ... ... ...         0.498 0.659 0.774 0.858 0.971    
ARPU (per month) CZK ... ... ... ... ... ... ... ...         441 402 358 367 187    

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O2 CR's Net Debt/EBITDA rose 121% to 0.609 in 2017

By Helgi Analytics - November 05, 2019

O2 Czech Republic's net debt reached CZK 6,398 mil and accounted for 41.3% of equity at the end of 2017. The ratio is up 155% when compared to the previous year. Historically, the firm’s net debt to equity reached an all time high of 41.3% in 2017 and an all time...

O2 CR's Total Cash From Operations fell 8.06% to CZK 8,451 mil in 2017

By Helgi Analytics - November 05, 2019

O2 Czech Republic's operating cash flow reached CZK 8,451 mil in 2017, down 8.06% when compared to the previous year. Historically, the firm’s operating cash flow reached an all time high of CZK 24,456 mil in 2006 and an all time low of CZK 8,006 mil in 2000. ...

O2 CR's ROCE fell 0.218% to 25.7% in 2017

By Helgi Analytics - November 05, 2019

O2 Czech Republic made a net profit of CZK 5,587 mil in 2017, up 6.24% when compared to the previous year. Historically, company's net profit reached an all time high of CZK 12,280 mil in 2010 and an all time low of CZK 3,515 mil in 2014. This implies return on eq...

O2 CR's Capital Expenditures rose 26.8% to CZK 1,914 mil in 2017

By Helgi Analytics - November 05, 2019

O2 Czech Republic invested total of CZK 1,914 mil in 2017, up 26.8% when compared to the previous year. Historically, company's investments reached an all time high of CZK 12,057 mil in 2014 and an all time low of CZK 1,510 mil in 2016. When compared to...

O2 CR's Net Margin rose 5.70% to 14.8% in 2017

By Helgi Analytics - November 05, 2019

O2 Czech Republic made a net profit of CZK CZK 5,587 mil under revenues of CZK 37,786 mil in 2017, up 6.24% and 0.511%, respectively, when compared to the last year. This translates into a net margin of 14.8%. Historically, the firm’s net margin reached an all ti...

O2 CR's Cash & Cash Equivalents fell 1.18% to CZK 4,088 mil in 2017

By Helgi Analytics - November 05, 2019

O2 Czech Republic's total assets reached CZK 34,842 mil at the end of 2017, up 8.14% when compared to the previous year. Current assets amounted to CZK 11,431 mil, or 32.8% of total assets while cash reached CZK 4,088 mil at the end of 2017. On the other hand, total debt r...

O2 CR's Share Price rose 3.55% to CZK 260 in 2016

By Helgi Analytics - November 05, 2019

O2 Czech Republic stock traded at CZK 260 per share at the end 2016 implying a market capitalization of USD 3,124 mil. Since the end of 2011, the stock has depreciated by -32.1% implying an annual average growth of -7.46%. In absolute terms, the value of the co...

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O2 Czech Republic (formerly known as Telefónica Czech Republic) is a major integrated operator in the Czech Republic. It is now operating more than six million lines, both fixed and mobile, making it one of the Czech Republic’s leading providers of fully converged services. The company is also, with its O2 TV, the largest IP TV provider in the Czech Republic. In Slovakia, where O2 has had operations since 2007, close to 1.7 million people used its services at the end of 2014. Previously two companies, fixed-line operator Český Telecom and mobile operator Eurotel, it was acquired by the Spanish company Telefónica in 2005 and merged into a single legal entity. In 2014, the Company was sold to PPF and the Company was renamed to O2 Czech Republic. As a result of spin-off the Company transferred fixed public communications network assets to Ceska telekomunikacni infrastruktura as (CETIN).

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