Prabos Plus

Prabos Plus's net profit rose 7.12% yoy to CZK 26.5 mil in 2019

By Helgi Analytics - August 16, 2020

Prabos Plus made a net profit of CZK 26.5 mil with revenues of CZK 381 mil in 2019, up by 7.12% and up by 7.29%, re...

Prabos Plus's employees rose 0.467% yoy to 215 in 2019

By Helgi Analytics - August 16, 2020

Prabos Plus employed 215 employees in 2019, up 0.467% compared to the previous year. Historically, between 2007 and 201...

Prabos Plus's price/earnings (P/E) fell 7.98% yoy to 15.5 in 2019

By Helgi Analytics - August 16, 2020

Prabos Plus stock traded at CZK 412 per share at the end 2019 translating into a market capitalization of USD 18.2 mil. Since the...

Profit Statement 2017 2018 2019
Sales CZK mil 330 355 381
Gross Profit CZK mil 155 176 181
EBITDA CZK mil 63.2 44.7 48.1
EBIT CZK mil 55.7 36.1 39.0
Financing Cost CZK mil 2.16 2.51 2.22
Pre-Tax Profit CZK mil 52.4 30.8 35.1
Net Profit CZK mil 42.4 24.8 26.5
Balance Sheet 2017 2018 2019
Total Assets CZK mil 230 252 268
Non-Current Assets CZK mil 74.9 76.9 88.8
Current Assets CZK mil 155 175 179
Working Capital CZK mil 99.7 107 139
Shareholders' Equity CZK mil 115 114 126
Liabilities CZK mil 114 137 142
Total Debt CZK mil 45.2 20.4 47.9
Net Debt CZK mil 35.1 -4.09 42.6
Ratios 2017 2018 2019
ROE % 45.1 21.6 22.1
ROCE % 25.5 13.8 12.9
Gross Margin % 47.0 49.6 47.5
EBITDA Margin % 19.2 12.6 12.6
EBIT Margin % 16.9 10.2 10.2
Net Margin % 12.9 6.97 6.96
Net Debt/EBITDA 0.555 -0.091 0.887
Net Debt/Equity % 30.4 -3.57 33.8
Cost of Financing % 4.03 7.65 6.51
Valuation 2017 2018 2019
Market Capitalisation USD mil 19.6 18.6 18.2
Enterprise Value (EV) USD mil 21.3 18.5 20.0
Number Of Shares mil 1.00 1.00 1.00
Share Price CZK 418 418 412
EV/EBITDA 7.90 9.03 9.40
EV/Sales 1.52 1.14 1.18
Price/Earnings (P/E) 9.85 16.9 15.5
Price/Book Value (P/BV) 3.62 3.65 3.26

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overview Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                            
Sales CZK mil               156 213 248 328 330    
Gross Profit CZK mil ... ... ...         70.9 20.9 31.8 138 155    
EBIT CZK mil ... ... ...         -21.6 -1.33 6.19 32.4 55.7    
Net Profit CZK mil               -21.7 -5.22 3.38 23.5 42.4    
                               
ROE % ...             -34.9 -10.7 7.08 38.5 45.1    
EBIT Margin % ... ... ...         -13.9 -0.627 2.50 9.87 16.9    
Net Margin %               -13.9 -2.46 1.36 7.18 12.9    
Employees ...             234 230 228 217 216    
balance sheet                            
Total Assets CZK mil               171 233 213 230 230    
Non-Current Assets CZK mil ... ... ... ...       42.8 52.2 49.1 70.5 74.9    
Current Assets CZK mil ... ... ...         129 181 164 159 155    
                               
Shareholders' Equity CZK mil               51.3 46.0 49.4 72.9 115    
Liabilities CZK mil               120 187 163 157 114    
Non-Current Liabilities CZK mil ...             30.7 27.2 24.5 37.5 26.2    
Current Liabilities CZK mil ... ... ...         89.3 160 139 119 88.2    
                               
Net Debt/EBITDA ... ... ... ...       -1.85 21.4 6.45 1.48 0.555    
Net Debt/Equity % ... ... ... ...       61.3 133 125 75.4 30.4    
Cost of Financing % ... ... ... ...       4.50 3.97 3.72 4.55 4.03    
cash flow                            
Total Cash From Operations CZK mil ... ... ... ... ... ... ... ... ... -6.22 13.0 26.1    
Total Cash From Investing CZK mil ... ... ... ... ... ... ... ... ... -0.591 -28.4 -11.7    
Total Cash From Financing CZK mil ... ... ... ... ... ... ... ... ... -0.004 15.7 -11.3    
Net Change In Cash CZK mil ... ... ... ... ... ... ... ... ... -6.82 0.242 3.02    
valuation                            
Market Capitalisation USD mil ... ... ... ... ... ... ... ... 18.2 16.8 16.3 19.6    
Enterprise Value (EV) USD mil ... ... ... ... ... ... ... ... 20.9 19.3 18.4 21.3    
Number Of Shares mil ... ... ... ... ... ... ... ... 1.00 1.00 1.00 1.00    
Share Price CZK ... ... ... ... ... ... ... ... 418 418 418 418    
Price/Earnings (P/E) ... ... ... ... ... ... ... ... -80.0 124 17.8 9.85    
EV/EBITDA ... ... ... ... ... ... ... ... 157 48.3 12.5 7.90    
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... 9.08 8.46 5.73 3.62    
income statement Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                            
Sales CZK mil               156 213 248 328 330    
Cost of Goods & Services CZK mil ... ... ...         84.6 192 216 190 175    
Gross Profit CZK mil ... ... ...         70.9 20.9 31.8 138 155    
Other Operating Expense CZK mil ... ... ... ...       171 221 263 77.8 56.1    
Staff Cost CZK mil ... ... ...         49.6 49.0 49.9 59.3 67.6    
Other Operating Cost (Income) CZK mil ... ... ... ...       16.0 31.3 48.9 30.5 14.1    
EBITDA CZK mil ... ... ...         -17.0 2.85 9.55 37.2 63.2    
Depreciation CZK mil ... ... ...         4.64 4.18 3.36 4.86 7.57    
EBIT CZK mil ... ... ...         -21.6 -1.33 6.19 32.4 55.7    
Net Financing Cost CZK mil ... ... ...         1.93 1.94 2.36 2.68 1.90    
Financing Cost CZK mil ... ... ... ...       1.94 2.25 2.66 2.97 2.16    
Financing Income CZK mil ... ... ... ...       0.011 0.308 0.304 0.286 0.267    
Extraordinary Cost CZK mil ... ... ... ...       0 0 0 0 0    
Pre-Tax Profit CZK mil               -26.5 -5.47 3.96 29.0 52.4    
Tax CZK mil               -4.79 -0.247 0.587 5.45 9.98    
Minorities CZK mil               0 0 0 0 0    
Net Profit CZK mil               -21.7 -5.22 3.38 23.5 42.4    
Net Profit Avail. to Common CZK mil               -21.7 -5.22 3.38 23.5 42.4    
growth rates                            
Total Revenue Growth % ...             -20.3 36.7 16.7 32.2 0.479    
Operating Cost Growth % ... ... ... ... ...     -3.02 28.5 17.5 -67.0 -23.7    
Staff Cost Growth % ... ... ... ...       -17.4 -1.22 1.74 18.9 13.9    
EBITDA Growth % ... ... ... ...       -499 -117 235 290 69.9    
EBIT Growth % ... ... ... ...       2,357 -93.8 -564 423 72.0    
Pre-Tax Profit Growth % ...             613 -79.3 -172 632 80.8    
Net Profit Growth % ...             526 -75.9 -165 597 80.3    
ratios                            
ROE % ...             -34.9 -10.7 7.08 38.5 45.1    
ROA % ...             -11.8 -2.58 1.51 10.6 18.5    
ROCE % ... ... ... ... ...     -19.3 -4.24 2.25 15.2 25.5    
Gross Margin % ... ... ...         45.6 9.82 12.8 42.1 47.0    
EBITDA Margin % ... ... ...         -10.9 1.34 3.85 11.3 19.2    
EBIT Margin % ... ... ...         -13.9 -0.627 2.50 9.87 16.9    
Net Margin %               -13.9 -2.46 1.36 7.18 12.9    
Cost of Financing % ... ... ... ...       4.50 3.97 3.72 4.55 4.03    
Net Debt/EBITDA ... ... ... ...       -1.85 21.4 6.45 1.48 0.555    
balance sheet Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                            
Cash & Cash Equivalents CZK mil ... ... ...         7.21 13.6 6.82 7.06 10.1    
Receivables CZK mil ... ... ...         19.7 58.0 49.7 35.2 17.1    
Unbilled Revenues CZK mil ... ... ... ... ...     0.023 ... 0.012 0.048 0.046 ... ...
Inventories CZK mil ... ... ...         91.0 107 102 112 124    
Other ST Assets CZK mil ... ... ...         10.6 2.62 4.82 5.40 3.79    
Current Assets CZK mil ... ... ...         129 181 164 159 155    
Property, Plant & Equipment CZK mil ... ... ... ...       39.5 36.4 34.0 58.1 62.3    
LT Investments & Receivables CZK mil ... ... ... ... ... ... ... ... 0.277 ... ... ... ...  
Intangible Assets CZK mil ... ... ... ...       0.395 12.4 12.5 12.3 12.6    
Non-Current Assets CZK mil ... ... ... ...       42.8 52.2 49.1 70.5 74.9    
Total Assets CZK mil               171 233 213 230 230    
                               
Trade Payables CZK mil ... ... ...         57.0 67.4 50.1 58.8 41.3    
Short-Term Debt CZK mil ... ... ...         8.15 47.4 43.9 26.3 21.0    
Other ST Liabilities CZK mil ... ... ... ...       0.013 1.72 0.012 0.013 0.006    
Current Liabilities CZK mil ... ... ...         89.3 160 139 119 88.2    
Long-Term Debt CZK mil ... ... ...         30.5 27.2 24.5 35.7 24.2    
Other LT Liabilities CZK mil ... ... ... ...       0.216 ... ... 1.79 2.03    
Non-Current Liabilities CZK mil ...             30.7 27.2 24.5 37.5 26.2    
Liabilities CZK mil               120 187 163 157 114    
Share Capital CZK mil ... ... ... ...       52.2 52.2 52.2 52.2 52.2    
Equity Before Minority Interest CZK mil ... ... ... ...       51.3 46.0 49.4 72.9 115    
Equity CZK mil               51.3 46.0 49.4 72.9 115    
growth rates                            
Total Asset Growth % ...             -13.1 36.1 -8.72 8.02 -0.045    
Shareholders' Equity Growth % ...             -29.8 -10.2 7.33 47.7 58.2    
Net Debt Growth % ... ... ... ... ...     -6.55 93.9 0.955 -10.7 -36.2    
Total Debt Growth % ... ... ... ...       -19.0 93.0 -8.36 -9.24 -27.2    
ratios                            
Total Debt CZK mil ... ... ...         38.6 74.6 68.4 62.1 45.2    
Net Debt CZK mil ... ... ... ...       31.4 61.0 61.6 55.0 35.1    
Working Capital CZK mil ... ... ...         53.8 97.3 102 88.1 99.7    
Capital Employed CZK mil ... ... ... ...       96.5 150 151 159 175    
Net Debt/Equity % ... ... ... ...       61.3 133 125 75.4 30.4    
Current Ratio ... ... ...         1.44 1.13 1.18 1.33 1.76    
Quick Ratio ... ... ...         0.302 0.448 0.407 0.354 0.309    
cash flow Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
cash flow                            
Net Profit CZK mil               -21.7 -5.22 3.38 23.5 42.4    
Depreciation CZK mil ... ... ...         4.64 4.18 3.36 4.86 7.57    
Non-Cash Items CZK mil ... ... ... ... ... ... ... ... ... -0.227 4.48 2.96    
Change in Working Capital CZK mil ... ... ... ... ... ... ... ... ... -12.7 -19.9 -26.9    
Total Cash From Operations CZK mil ... ... ... ... ... ... ... ... ... -6.22 13.0 26.1    
                               
Capital Expenditures CZK mil ... ... ... ... ... ... ... ... ... -0.591 -28.4 -11.7    
Other Investing Activities CZK mil ... ... ... ... ... ... ... ... ... 0 0 0 ...  
Total Cash From Investing CZK mil ... ... ... ... ... ... ... ... ... -0.591 -28.4 -11.7    
                               
Dividends Paid CZK mil ... ... ... ... ... ... ... ... ... ... ... ...    
Issuance Of Debt CZK mil ... ... ... ... ... ... ... ... ... ... 15.7 -11.3    
Other Financing Activities CZK mil ... ... ... ... ... ... ... ... ... -0.004 ... ... ...  
Total Cash From Financing CZK mil ... ... ... ... ... ... ... ... ... -0.004 15.7 -11.3    
Net Change In Cash CZK mil ... ... ... ... ... ... ... ... ... -6.82 0.242 3.02    
ratios                            
Days Sales Outstanding days ... ... ...         46.4 99.6 73.2 39.1 19.0    
Days Sales Of Inventory days ... ... ...         392 203 173 215 259    
Days Payable Outstanding days ... ... ...         246 128 84.6 113 86.2    
Cash Conversion Cycle days ... ... ...         193 174 161 141 191    
Cash Earnings CZK mil ... ... ...   ... ... ... ... ... ... ... ... ... ...
Free Cash Flow CZK mil ... ... ... ... ... ... ... ... ... -6.81 -15.4 14.3    
Capital Expenditures (As % of Sales) % ... ... ... ... ... ... ... ... ... 0.238 8.66 3.56    
other ratios Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                             
Employees ...             234 230 228 217 216    
Cost Per Employee USD per month ... ... ...         904 831 764 903 1,111    
Cost Per Employee (Local Currency) CZK per month ... ... ...         17,677 17,766 18,234 22,776 26,066    
Operating Cost (As % of Sales) % ... ... ... ...       113 106 107 26.7 20.3    
Staff Cost (As % of Sales) % ... ... ...         31.9 23.1 20.1 18.1 20.5    
Effective Tax Rate %               18.1 4.52 14.8 18.8 19.0    
Revenues From Abroad CZK mil               51.0 82.9 96.0 66.0 35.0    
Domestic Revenues CZK mil               104 130 152 262 295    
Revenues From Abroad (As % Of Total) %               32.8 39.0 38.7 20.1 10.6    
Total Revenue Growth (5-year average) % ... ... ... ... ...     -17.1 -13.9 -4.13 2.63 11.1    
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ... -2.79 1.40    
shoes economics Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                             
Number of Working Shoes Sold pairs ... ... ... ... ... ...   155,000 157,000 171,000 140,000 117,000 ... ...
Number of Trekking Shoes Sold pairs ... ... ... ... ... ...   12,860 13,400 13,700 13,100 9,800 ... ...
Number of Uniform Shoes Sold pairs ... ... ... ... ... ...   70,190 60,850 75,600 119,000 89,500 ... ...
Number of Retail Shoes Sold pairs ... ... ... ... ... ...   7,600 6,600 7,600 11,100 8,520 ... ...
Number of Shoes Sold pairs               245,650 237,850 267,900 283,200 270,000 ... ...
Sales of Working Shoes CZK mil ... ... ... ... ... ...   61.8 95.0 109 78.4 71.9 ... ...
Sales of Trekking Shoes CZK mil ... ... ... ... ... ...   20.5 23.5 25.0 25.0 18.8 ... ...
Sales of Uniform Shoes CZK mil ... ... ... ... ... ...   66.8 80.4 109 217 181 ... ...
Sales of Retail Shoes CZK mil ... ... ... ... ... ...   4.92 5.40 6.50 9.40 7.37 ... ...
Sales of Shoes CZK mil ... ... ... ... ... ...   154 204 250 330 279 ... ...
Price of Working Shoes Sold CZK per pair ... ... ... ... ... ...   399 605 639 560 615 ... ...
Price of Trekking Shoes Sold CZK per pair ... ... ... ... ... ...   1,594 1,757 1,825 1,908 1,918 ... ...
Price of Uniform Shoes Sold CZK per pair ... ... ... ... ... ...   951 1,321 1,444 1,822 2,026 ... ...
Price of Retail Shoes Sold CZK per pair ... ... ... ... ... ...   647 818 855 847 865 ... ...
Price of Pair of Shoes Sold CZK per pair ... ... ... ... ... ...   627 859 933 1,164 1,035 ... ...
valuation Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                             
Market Capitalisation USD mil ... ... ... ... ... ... ... ... 18.2 16.8 16.3 19.6    
Enterprise Value (EV) USD mil ... ... ... ... ... ... ... ... 20.9 19.3 18.4 21.3    
Number Of Shares mil ... ... ... ... ... ... ... ... 1.00 1.00 1.00 1.00    
Share Price CZK ... ... ... ... ... ... ... ... 418 418 418 418    
EV/EBITDA ... ... ... ... ... ... ... ... 157 48.3 12.5 7.90    
Price/Earnings (P/E) ... ... ... ... ... ... ... ... -80.0 124 17.8 9.85    
P/FCF ... ... ... ... ... ... ... ... ... -61.4 -27.1 29.1    
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... 9.08 8.46 5.73 3.62    
Free Cash Flow Yield % ... ... ... ... ... ... ... ... ... -1.70 -3.75 3.11    
Earnings Per Share (EPS) CZK ... ... ... ... ... ... ... ... -5.22 3.38 23.5 42.4    
Free Cash Flow Per Share CZK ... ... ... ... ... ... ... ... ... -6.81 -15.4 14.3    
Book Value Per Share CZK ... ... ... ... ... ... ... ... 46.0 49.4 72.9 115    
EV/Sales ... ... ... ... ... ... ... ... 2.10 1.86 1.42 1.52    
EV/EBIT ... ... ... ... ... ... ... ... -335 74.5 14.4 8.97    
EV/Free Cash Flow ... ... ... ... ... ... ... ... ... -67.7 -30.2 34.8    
EV/Capital Employed ... ... ... ... ... ... ... ... 3.20 3.18 2.98 2.60    
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... -165 597 80.3    
Book Value Per Share Growth % ... ... ... ... ... ... ... ... ... 7.33 47.7 58.2    
sales geography Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                             
Sales in Czechia CZK mil               104 130 152 262 295    
Sales in Czechia (As % of Total) %               67.2 61.0 61.3 79.9 89.4    

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Prabos Plus's Share Price fell 1.44% yoy to CZK 412 in 2019

By Helgi Analytics - August 16, 2020

Prabos Plus stock traded at CZK 412 per share at the end 2019 implying a market capitalization of USD 18.2 mil. Since the end of 2014, stock has appreciated by -1.44% implying an annual average growth of -0.289% In absolute terms, the value of the company ...

Prabos Plus's Cash & Cash Equivalents fell 78.3% yoy to CZK 5.31 mil in 2019

By Helgi Analytics - August 16, 2020

Prabos Plus's total assets reached CZK 268 mil at the end of 2019, up 6.6% compared to the previous year. Current assets amounted to CZK 179 mil, or 66.9% of total assets while cash stood at CZK 5.31 mil at the end of 2019. ...

Prabos Plus's ROCE fell 6.72% yoy to 12.9% in 2019

By Helgi Analytics - August 16, 2020

Prabos Plus made a net profit of CZK 26.5 mil in 2019, up 7.12% compared to the previous year. Historically, between 2006 and 2019, the company's net profit reached a high of CZK 42.4 mil in 2017 and a low of CZK -21.7 mil in 2013. The result implies a re...

Prabos Plus's Net Margin fell 0.158% yoy to 6.96% in 2019

By Helgi Analytics - August 16, 2020

Prabos Plus made a net profit of CZK 26.5 mil with revenues of CZK 381 mil in 2019, up by 7.12% and up by 7.29%, respectively, compared to the previous year. This translates into a net margin of 6.96%. Historically, between 2006 and 2019, the firmâ€...

Prabos Plus's Net Debt/EBITDA rose 1,070% yoy to 0.887 in 2019

By Helgi Analytics - August 16, 2020

Prabos Plus's net debt stood at CZK 42.6 mil and accounted for 33.8% of equity at the end of 2019. The ratio is up 37.3 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 133% in 2014 and a low of ...

Prabos Plus's Capital Expenditures fell 194% yoy to CZK 23.4 mil in 2019

By Helgi Analytics - August 16, 2020

Prabos Plus invested a total of CZK 23.4 mil in 2019, up 194% compared to the previous year. Historically, between 2015 - 2019, the company's investments stood at a high of CZK 28.4 mil in 2016 and a low of CZK 0.591 mil in 2015. As a...

Prabos Plus's P/FCF fell 352% yoy to -24.2 in 2019

By Helgi Analytics - August 16, 2020

Prabos Plus stock traded at CZK 412 per share at the end 2019 translating into a market capitalization of USD 18.2 mil. Since the end of 2014, the stock has depreciated by 1.44% representing an annual average growth of -0.289%. At the end of 2019, the fi...

More News

Prabos Plus as is a Czech Republic- based company engaged in Footwear manufacturing sector. The Company is focused on production of special, military, working, safety and trekking foot-wear. Since 2018, the company is listed on the Prague Stock Exchange, the START market. The Company use Gore-tex and Vibram technology, and its shoes are used by both Czech security forces and travelers and adventurers. The products are divided in four categories, Safety, Free time, Fire and Rescue and Uniformly.

Prabos Plus Logo

Finance

Prabos Plus has been growing its sales by 12.4% a year on average in the last 5 years. EBITDA has grown on average by 75.90000000000001% a year during that time to total of CZK 48.1 mil in 2019, or 12.6% of sales. That’s compared to 11.9% average margin seen in last five years.

The company netted CZK 26.5 mil in 2019 implying ROE of 22.1% and ROCE of 12.9%. Again, the average figures were 26.9% and 13.9%, respectively when looking at the previous 5 years.

Prabos Plus’s net debt amounted to CZK 42.6 mil at the end of 2019, or 33.8% of equity. When compared to EBITDA, net debt was 0.887x, down when compared to average of 1.85x seen in the last 5 years.

Valuation

Prabos Plus stock traded at CZK 412 per share at the end of 2019 resulting in a market capitalization of USD 18.2 mil. Over the previous five years, stock price fell by 1.44% or -0.289% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 9.40x and price to earnings (PE) of 15.5x as of 2019.