RegioJet

RegioJet's Cash & Cash Equivalents rose 22.8% yoy to CZK 12.7 mil in 2015

By Helgi Analytics - April 2, 2020

RegioJet's total assets reached CZK 807 mil at the end of 2015, up 47.1% compared to the previous year. Current as...

Profit Statement 2013 2014 2015
Sales CZK mil 346 523 719
Gross Profit CZK mil 18.0 72.6 174
EBITDA CZK mil -87.9 -31.5 55.3
EBIT CZK mil -92.4 -37.6 43.7
Financing Cost CZK mil 1.07 4.55 2.72
Pre-Tax Profit CZK mil -93.4 -42.1 41.0
Net Profit CZK mil -93.4 -42.1 35.2
Balance Sheet 2013 2014 2015
Total Assets CZK mil 479 549 807
Non-Current Assets CZK mil 156 195 406
Current Assets CZK mil 90.2 135 205
Working Capital CZK mil -4.97 -30.2 54.2
Shareholders' Equity CZK mil 223 181 216
Liabilities CZK mil 256 368 591
Total Debt CZK mil 147 223 438
Net Debt CZK mil 143 213 425
Ratios 2013 2014 2015
ROE % -69.5 -20.9 17.7
ROCE % -77.9 -26.7 11.3
Gross Margin % 5.19 13.9 24.2
EBITDA Margin % -25.4 -6.03 7.70
EBIT Margin % -26.7 -7.18 6.08
Net Margin % -27.0 -8.05 4.90
Net Debt/EBITDA -1.62 -6.74 7.69
Net Debt/Equity 0.640 1.18 1.97
Cost of Financing % 0.462 2.46 0.822
Cash Flow 2013 2014 2015
Total Cash From Operations CZK mil ... ... ...
Total Cash From Investing CZK mil ... ... ...
Total Cash From Financing CZK mil ... ... ...
Net Change In Cash CZK mil ... ... ...
Cash Conversion Cycle days -8.71 -33.6 11.0
Cash Earnings CZK mil -89.0 -36.0 46.8
Free Cash Flow CZK mil ... ... ...

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summary Unit 2009 2010 2011 2012 2013 2014 2015
income statement              
Sales CZK mil 0 0.488 48.2 267 346    
Gross Profit CZK mil -0.780 -0.616 -24.8 41.9 18.0    
EBIT CZK mil -0.809 -4.36 -52.4 -74.4 -92.4    
Net Profit CZK mil -0.812 -4.44 -59.8 -76.3 -93.4    
ROE % -68.4 430 -100 -90.4 -69.5    
EBIT Margin % ... -893 -109 -27.8 -26.7    
Net Margin % ... -910 -124 -28.5 -27.0    
Employees ... 5.00 48.0 199 261    
balance sheet              
Total Assets CZK mil 25.2 37.4 390 442 479    
Non-Current Assets CZK mil 0 1.38 34.5 77.8 156    
Current Assets CZK mil 5.81 1.93 62.8 98.4 90.2    
Shareholders' Equity CZK mil 1.19 -3.25 123 46.2 223    
Liabilities CZK mil 24.0 40.7 268 396 256    
Non-Current Liabilities CZK mil 0 0 0 0 90.6    
Current Liabilities CZK mil 24.0 40.7 260 385 165    
Net Debt/EBITDA 1.23 -0.767 -3.36 -4.30 -1.62    
Net Debt/Equity -0.837 -1.03 1.43 6.69 0.640    
Cost of Financing % ... 4.23 8.04 0.778 0.462    
cash flow              
Total Cash From Operations CZK mil ... ... -134 45.8 ... ... ...
Total Cash From Investing CZK mil ... ... -34.7 -45.1 ... ... ...
Total Cash From Financing CZK mil ... ... 171 0 ... ... ...
Net Change In Cash CZK mil ... ... 2.67 0.656 ... ... ...
income statement Unit 2009 2010 2011 2012 2013 2014 2015
income statement              
Sales CZK mil 0 0.488 48.2 267 346    
Cost of Goods & Services CZK mil 0.780 1.10 72.9 225 328    
Gross Profit CZK mil -0.780 -0.616 -24.8 41.9 18.0    
Staff Cost CZK mil 0 2.92 19.7 80.2 102    
Other Cost CZK mil 0.029 0.824 7.63 33.6 3.51    
EBITDA CZK mil -0.809 -4.36 -52.1 -72.0 -87.9    
Depreciation CZK mil 0 0 0.315 2.37 4.49    
EBIT CZK mil -0.809 -4.36 -52.4 -74.4 -92.4    
Financing Cost CZK mil 0.003 0.082 7.34 1.92 1.07    
Extraordinary Cost CZK mil 0 0 0 0 0    
Pre-Tax Profit CZK mil -0.812 -4.44 -59.8 -76.3 -93.4    
Tax CZK mil 0 0 0 0 0    
Minorities CZK mil 0 0 0 0 0    
Net Profit CZK mil -0.812 -4.44 -59.8 -76.3 -93.4    
growth rates              
Total Revenue Growth % ... ... 9,773 455 29.6    
Operating Cost Growth % ... 12,807 631 316 -7.02    
EBITDA Growth % ... 439 1,096 38.1 22.1    
EBIT Growth % ... 439 1,103 41.8 24.2    
Pre-Tax Profit Growth % ... 447 1,246 27.6 22.5    
Net Profit Growth % ... 447 1,246 27.6 22.5    
ratios              
ROE % -68.4 430 -100 -90.4 -69.5    
ROCE % ... 16.8 379 -168 -77.9    
Gross Margin % ... -126 -51.4 15.7 5.19    
EBITDA Margin % ... -893 -108 -26.9 -25.4    
EBIT Margin % ... -893 -109 -27.8 -26.7    
Net Margin % ... -910 -124 -28.5 -27.0    
Cost of Financing % ... 4.23 8.04 0.778 0.462    
Net Debt/EBITDA 1.23 -0.767 -3.36 -4.30 -1.62    
balance sheet Unit 2009 2010 2011 2012 2013 2014 2015
balance sheet              
Non-Current Assets CZK mil 0 1.38 34.5 77.8 156    
Property, Plant & Equipment CZK mil 0 1.30 34.3 77.7 156    
Intangible Assets CZK mil 0 0.082 0.231 0.152 0.222    
Current Assets CZK mil 5.81 1.93 62.8 98.4 90.2    
Inventories CZK mil 0 0 1.71 23.7 18.3    
Receivables CZK mil 4.81 1.40 37.3 48.7 55.4    
Cash & Cash Equivalents CZK mil 0.994 0.532 3.20 3.85 4.73    
Total Assets CZK mil 25.2 37.4 390 442 479    
Shareholders' Equity CZK mil 1.19 -3.25 123 46.2 223    
Of Which Minority Interest CZK mil 0 0 0 0 0    
Liabilities CZK mil 24.0 40.7 268 396 256    
Non-Current Liabilities CZK mil 0 0 0 0 90.6    
Long-Term Debt CZK mil 0 0 0 0 90.6    
Deferred Tax Liabilities CZK mil 0 0 0 0 0    
Current Liabilities CZK mil 24.0 40.7 260 385 165    
Short-Term Debt CZK mil 0 3.88 179 313 56.7    
Trade Payables CZK mil 24.0 36.5 71.3 61.4 78.7    
Provisions CZK mil 0 0 0 0 0    
Equity And Liabilities CZK mil 25.2 37.4 390 442 479    
growth rates              
Total Asset Growth % ... 48.5 943 13.3 8.17    
Shareholders' Equity Growth % ... -374 -3,866 -62.3 382    
Net Debt Growth % ... -436 5,146 76.5 -54.0    
Total Debt Growth % ... ... 4,508 75.5 -53.0    
ratios              
Total Debt CZK mil 0 3.88 179 313 147    
Net Debt CZK mil -0.994 3.34 175 310 143    
Working Capital CZK mil -19.2 -35.1 -32.4 11.0 -4.97    
Capital Employed CZK mil -19.2 -33.7 2.14 88.9 151    
Net Debt/Equity -0.837 -1.03 1.43 6.69 0.640    
Cost of Financing % ... 4.23 8.04 0.778 0.462    
cash flow Unit 2009 2010 2011 2012 2013 2014 2015
cash flow              
Net Profit CZK mil -0.812 -4.44 -59.8 -76.3 -93.4    
Depreciation CZK mil 0 0 0.315 2.37 4.49    
Non-Cash Items CZK mil ... ... -71.8 163 ... ... ...
Change in Working Capital CZK mil ... ... -2.70 -43.4 ... ... ...
Total Cash From Operations CZK mil ... ... -134 45.8 ... ... ...
Capital Expenditures CZK mil ... ... -297 -45.7 ... ... ...
Other Investments CZK mil ... ... 263 0.579 ... ... ...
Total Cash From Investing CZK mil ... ... -34.7 -45.1 ... ... ...
Issuance Of Debt CZK mil ... ... 175 135 ... ... ...
Total Cash From Financing CZK mil ... ... 171 0 ... ... ...
Net Change In Cash CZK mil ... ... 2.67 0.656 ... ... ...
ratios              
Days Sales Outstanding days ... 1,048 282 66.6 58.4    
Days Sales Of Inventory days 0 0 8.55 38.3 20.3    
Days Payable Outstanding days 11,234 12,059 357 99.4 87.4    
Cash Conversion Cycle days ... -11,011 -66.1 5.50 -8.71    
Cash Earnings CZK mil -0.812 -4.44 -59.5 -73.9 -89.0    
Free Cash Flow CZK mil ... ... -169 0.656 ... ... ...
other data Unit 2009 2010 2011 2012 2013 2014 2015
other data              
ROA % -3.22 -14.2 -27.9 -18.3 -20.3    
Gross Margin % ... -126 -51.4 15.7 5.19    
Employees ... 5.00 48.0 199 261    
Cost Per Employee USD per month ... 2,546 1,936 1,718 1,670    
Cost Per Employee (Local Currency) CZK per month ... 48,650 34,241 33,598 32,680    
Staff Cost (As % Of Total Cost) % 0 60.2 19.6 23.5 23.3    
Effective Tax Rate % 0 0 0 0 0    
Capital Expenditures (As % of Sales) % ... ... 617 17.1 ... ... ...
Passengers Transported by Buses and Trains mil ... ... 4.92 7.38 8.70    

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Jan 2014
Company Report

RegioJet is a Czech Republic's private passenger railway operator which operates in the Czech Republic and Slovakia. RegioJet operates trains between the Capital City of Prague and Havířov in the North-East Of Moravia. The Company has been using passenger cars of classes ABmz 30-70 (12 pcs), Ampz 18-91 (8 pcs) and Bmz 21-70 (6 pcs) it purchased from Austrian Federal Railways. At the beginning of 2011, the Company won a contract to operate regional trains in Slovakia, on the Komárno - Dunajská Streda - Bratislava route. In Slovakia, RegioJet uses 9 3-coach Bombardier Talent DMUs. RegioJet is owned by Student Agency, Czech travel agency founded by Radim Jančura, Czech Republic's Entrepreneur Of The Year Award in 2006, a prize awarded by Ernst & Young

Finance

RegioJet has been growing its sales by a year on average in the last 5 years. EBITDA has grown by 1% during that time to total of CZK 55.3 mil in 2015, or 7.70% of sales. That’s compared to -31.8% average margin seen in last five years.

The company netted CZK 35.2 mil in 2015 implying ROE of 17.7% and ROCE of 11.3%. Again, the average figures were -52.6% and 23.6%, respectively when looking at the previous 5 years.

RegioJet’s net debt amounted to CZK 425 mil at the end of 2015, or 1.97 of equity. When compared to EBITDA, net debt was 7.69x, up when compared to average of -1.67x seen in the last 5 years.