By Helgi Library - April 2, 2020
Pivovar Litovel's total assets reached CZK 903 mil at the end of 2017, up 2.68% compared to the previous year. Cur...
| Profit Statement | 2015 | 2016 | 2017 | |
| Sales | CZK mil | 493 | 512 | 520 |
| Gross Profit | CZK mil | 135 | 127 | 132 |
| EBITDA | CZK mil | 54.8 | 53.4 | 53.4 |
| EBIT | CZK mil | 24.1 | 21.7 | 20.8 |
| Financing Cost | CZK mil | 0.140 | -0.488 | -3.22 |
| Pre-Tax Profit | CZK mil | 23.9 | 22.1 | 24.0 |
| Net Profit | CZK mil | 18.6 | 15.7 | 18.5 |
| Dividends | CZK mil | ... | 0 | ... |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Total Assets | CZK mil | 973 | 880 | 903 |
| Non-Current Assets | CZK mil | 770 | 678 | 650 |
| Current Assets | CZK mil | 182 | 176 | 230 |
| Working Capital | CZK mil | 119 | 135 | 186 |
| Shareholders' Equity | CZK mil | 853 | 745 | 796 |
| Liabilities | CZK mil | 120 | 134 | 108 |
| Total Debt | CZK mil | 0 | 26.3 | 19.5 |
| Net Debt | CZK mil | -25.7 | 14.3 | 8.40 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 2.23 | 1.97 | 2.40 |
| ROCE | % | 2.09 | 1.85 | 2.24 |
| Gross Margin | % | 27.5 | 24.8 | 25.4 |
| EBITDA Margin | % | 11.1 | 10.4 | 10.3 |
| EBIT Margin | % | 4.88 | 4.23 | 4.01 |
| Net Margin | % | 3.78 | 3.08 | 3.56 |
| Net Debt/EBITDA | -0.468 | 0.268 | 0.157 | |
| Net Debt/Equity | % | -3.01 | 1.92 | 1.06 |
| Cost of Financing | % | 1.87 | -3.71 | -14.0 |
| Cash Flow | 2015 | 2016 | 2017 | |
| Total Cash From Operations | CZK mil | ... | ... | -24.1 |
| Total Cash From Investing | CZK mil | ... | ... | -13.5 |
| Total Cash From Financing | CZK mil | ... | ... | 36.7 |
| Net Change In Cash | CZK mil | ... | ... | -0.904 |
| Cash Conversion Cycle | days | 92.2 | 98.3 | 133 |
| Cash Earnings | CZK mil | 49.3 | 47.5 | 51.0 |
| Free Cash Flow | CZK mil | ... | ... | -37.6 |
Get all company financials in excel:
| summary | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||
| Sales | CZK mil | ... | 420 | 427 | 452 | 464 | 493 | |||||
| Gross Profit | CZK mil | ... | 109 | 96.7 | 130 | 119 | 135 | |||||
| EBIT | CZK mil | ... | 10.5 | -1.21 | 20.0 | 18.1 | 24.1 | |||||
| Net Profit | CZK mil | ... | 6.15 | -2.37 | 3.24 | 21.3 | 18.6 | |||||
| ROE | % | ... | 0.834 | -0.310 | 0.404 | 2.58 | 2.23 | |||||
| EBIT Margin | % | ... | 2.50 | -0.284 | 4.42 | 3.90 | 4.88 | |||||
| Net Margin | % | ... | 1.46 | -0.554 | 0.716 | 4.58 | 3.78 | |||||
| Employees | 199 | 193 | 188 | 185 | 182 | |||||||
| balance sheet | ||||||||||||
| Total Assets | CZK mil | ... | 896 | 922 | 977 | 965 | 973 | |||||
| Non-Current Assets | CZK mil | ... | 768 | 778 | 784 | 734 | 770 | |||||
| Current Assets | CZK mil | ... | 102 | 117 | 167 | 209 | 182 | |||||
| Shareholders' Equity | CZK mil | ... | 749 | 778 | 825 | 821 | 853 | |||||
| Liabilities | CZK mil | ... | 147 | 143 | 152 | 144 | 120 | |||||
| Non-Current Liabilities | CZK mil | ... | 15.4 | 15.6 | 17.4 | 20.3 | 18.8 | |||||
| Current Liabilities | CZK mil | ... | 130 | 127 | 131 | 122 | 100 | |||||
| Net Debt/EBITDA | ... | 0.095 | -0.303 | -0.104 | 0.066 | -0.468 | ||||||
| Net Debt/Equity | % | ... | 0.542 | -1.18 | -0.649 | 0.403 | -3.01 | |||||
| Cost of Financing | % | ... | ... | 13.9 | 15.0 | 542 | -63.8 | 1.87 | ||||
| cash flow | ||||||||||||
| Total Cash From Operations | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Total Cash From Investing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Total Cash From Financing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Net Change In Cash | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| income statement | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||
| Sales | CZK mil | ... | 420 | 427 | 452 | 464 | 493 | |||||
| Cost of Goods & Services | CZK mil | ... | 311 | 330 | 322 | 345 | 358 | |||||
| Gross Profit | CZK mil | ... | 109 | 96.7 | 130 | 119 | 135 | |||||
| Staff Cost | CZK mil | ... | 66.9 | 67.4 | 69.7 | 70.8 | 73.0 | |||||
| Other Cost | CZK mil | ... | -0.749 | -0.952 | 9.38 | -1.51 | 7.68 | |||||
| EBITDA | CZK mil | ... | 42.7 | 30.3 | 51.4 | 50.0 | 54.8 | |||||
| Depreciation | CZK mil | ... | 32.2 | 31.5 | 31.4 | 31.9 | 30.7 | |||||
| EBIT | CZK mil | ... | 10.5 | -1.21 | 20.0 | 18.1 | 24.1 | |||||
| Financing Cost | CZK mil | ... | 1.94 | 0.940 | 14.9 | -6.54 | 0.140 | |||||
| Extraordinary Cost | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | |||||
| Pre-Tax Profit | CZK mil | ... | 8.58 | -2.15 | 5.09 | 24.6 | 23.9 | |||||
| Tax | CZK mil | ... | 2.43 | 0.214 | 1.85 | 3.38 | 5.30 | |||||
| Minorities | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | |||||
| Net Profit | CZK mil | ... | 6.15 | -2.37 | 3.24 | 21.3 | 18.6 | |||||
| Dividends | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| growth rates | ||||||||||||
| Total Revenue Growth | % | ... | ... | 5.93 | 1.73 | 5.86 | 2.66 | 6.23 | ||||
| Operating Cost Growth | % | ... | ... | -3.17 | 0.470 | 19.0 | -12.3 | 16.4 | ||||
| EBITDA Growth | % | ... | ... | 44.8 | -29.0 | 69.7 | -2.82 | 9.60 | ||||
| EBIT Growth | % | ... | ... | -267 | -112 | -1,750 | -9.55 | 33.1 | ||||
| Pre-Tax Profit Growth | % | ... | ... | -191 | -125 | -336 | 384 | -2.79 | ||||
| Net Profit Growth | % | ... | ... | -253 | -138 | -237 | 556 | -12.3 | ||||
| ratios | ||||||||||||
| ROE | % | ... | 0.834 | -0.310 | 0.404 | 2.58 | 2.23 | |||||
| ROCE | % | ... | ... | 0.737 | -0.285 | 0.376 | 2.39 | 2.09 | ||||
| Gross Margin | % | ... | 25.9 | 22.6 | 28.9 | 25.7 | 27.5 | |||||
| EBITDA Margin | % | ... | 10.2 | 7.09 | 11.4 | 10.8 | 11.1 | |||||
| EBIT Margin | % | ... | 2.50 | -0.284 | 4.42 | 3.90 | 4.88 | |||||
| Net Margin | % | ... | 1.46 | -0.554 | 0.716 | 4.58 | 3.78 | |||||
| Payout Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Cost of Financing | % | ... | ... | 13.9 | 15.0 | 542 | -63.8 | 1.87 | ||||
| Net Debt/EBITDA | ... | 0.095 | -0.303 | -0.104 | 0.066 | -0.468 |
| balance sheet | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | ||||||||||||
| Non-Current Assets | CZK mil | ... | 768 | 778 | 784 | 734 | 770 | |||||
| Property, Plant & Equipment | CZK mil | ... | 367 | 339 | 327 | 307 | 305 | |||||
| Intangible Assets | CZK mil | ... | 0.063 | 0.324 | 0.655 | 0.623 | 0.172 | |||||
| Current Assets | CZK mil | ... | 102 | 117 | 167 | 209 | 182 | |||||
| Inventories | CZK mil | ... | 22.6 | 22.2 | 23.7 | 28.8 | 35.9 | |||||
| Receivables | CZK mil | ... | 69.8 | 84.9 | 131 | 154 | 106 | |||||
| Cash & Cash Equivalents | CZK mil | ... | 8.44 | 9.18 | 10.9 | 11.7 | 25.7 | |||||
| Total Assets | CZK mil | ... | 896 | 922 | 977 | 965 | 973 | |||||
| Shareholders' Equity | CZK mil | ... | 749 | 778 | 825 | 821 | 853 | |||||
| Of Which Minority Interest | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | |||||
| Liabilities | CZK mil | ... | 147 | 143 | 152 | 144 | 120 | |||||
| Non-Current Liabilities | CZK mil | ... | 15.4 | 15.6 | 17.4 | 20.3 | 18.8 | |||||
| Long-Term Debt | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | |||||
| Deferred Tax Liabilities | CZK mil | ... | 15.4 | 15.6 | 17.4 | 20.3 | 188 | |||||
| Current Liabilities | CZK mil | ... | 130 | 127 | 131 | 122 | 100 | |||||
| Short-Term Debt | CZK mil | ... | 12.5 | 0 | 5.50 | 15.0 | 0 | |||||
| Trade Payables | CZK mil | ... | 35.3 | 46.8 | 55.3 | 22.3 | 22.3 | |||||
| Provisions | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | |||||
| Equity And Liabilities | CZK mil | ... | 896 | 922 | 977 | 965 | 973 | |||||
| growth rates | ||||||||||||
| Total Asset Growth | % | ... | ... | -1.38 | 2.90 | 6.01 | -1.20 | 0.834 | ||||
| Shareholders' Equity Growth | % | ... | ... | 3.30 | 3.94 | 6.00 | -0.500 | 3.88 | ||||
| Net Debt Growth | % | ... | ... | -59.5 | -326 | -41.7 | -162 | -875 | ||||
| Total Debt Growth | % | ... | ... | -18.2 | -100 | ... | 173 | -100 | ... | |||
| ratios | ||||||||||||
| Total Debt | CZK mil | ... | 12.5 | 0 | 5.50 | 15.0 | 0 | |||||
| Net Debt | CZK mil | ... | 4.06 | -9.18 | -5.35 | 3.31 | -25.7 | |||||
| Working Capital | CZK mil | ... | 57.1 | 60.3 | 99.8 | 161 | 119 | |||||
| Capital Employed | CZK mil | ... | 825 | 838 | 883 | 895 | 890 | |||||
| Net Debt/Equity | % | ... | 0.542 | -1.18 | -0.649 | 0.403 | -3.01 | |||||
| Cost of Financing | % | ... | ... | 13.9 | 15.0 | 542 | -63.8 | 1.87 |
| cash flow | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| cash flow | ||||||||||||
| Net Profit | CZK mil | ... | 6.15 | -2.37 | 3.24 | 21.3 | 18.6 | |||||
| Depreciation | CZK mil | ... | 32.2 | 31.5 | 31.4 | 31.9 | 30.7 | |||||
| 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 Shares | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Issuance Of Debt | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Total Cash From Financing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Net Change In Cash | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| ratios | ||||||||||||
| Days Sales Outstanding | days | ... | 60.6 | 72.5 | 106 | 121 | 78.4 | |||||
| Days Sales Of Inventory | days | ... | 26.5 | 24.5 | 26.9 | 30.4 | 36.6 | |||||
| Days Payable Outstanding | days | ... | 41.5 | 51.7 | 62.7 | 23.6 | 22.8 | |||||
| Cash Conversion Cycle | days | ... | 45.7 | 45.3 | 70.2 | 128 | 92.2 | |||||
| Cash Earnings | CZK mil | ... | 38.3 | 29.1 | 34.7 | 53.1 | 49.3 | |||||
| Free Cash Flow | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| other data | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | ||||||||||||
| ROA | % | ... | 0.682 | -0.260 | 0.341 | 2.19 | 1.92 | |||||
| Gross Margin | % | ... | 25.9 | 22.6 | 28.9 | 25.7 | 27.5 | |||||
| Employees | 199 | 193 | 188 | 185 | 182 | |||||||
| Cost Per Employee | USD per month | ... | 1,584 | 1,488 | 1,578 | 1,493 | 1,401 | |||||
| Cost Per Employee (Local Currency) | CZK per month | ... | 28,007 | 29,099 | 30,881 | 31,902 | 33,442 | |||||
| Staff Cost (As % Of Total Cost) | % | ... | 16.3 | 15.7 | 16.1 | 15.9 | 15.6 | |||||
| Effective Tax Rate | % | ... | 28.4 | -9.94 | 36.4 | 13.7 | 22.2 | |||||
| Capital Expenditures (As % of Sales) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Get all company financials in excel:
Pivovar Litovel has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 12% a year during that time to total of CZK 53.4 mil in 2017, or 10.3% of sales. That’s compared to 10.8% average margin seen in last five years.
The company netted CZK 18.5 mil in 2017 implying ROE of 2.40% and ROCE of 2.24%. Again, the average figures were 1.92% and 1.79%, respectively when looking at the previous 5 years.
Pivovar Litovel’s net debt amounted to CZK 8.40 mil at the end of 2017, or 1.06% of equity. When compared to EBITDA, net debt was 0.157x, up when compared to average of -0.016x seen in the last 5 years.
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