By Helgi Library - April 2, 2020
Servier Czech Republic's total assets reached CZK 442 mil at the end of 2017, up 35.7% compared to the previous year. ...
| Profit Statement | 2015 | 2016 | 2017 | |
| Sales | CZK mil | 658 | 1,014 | 2,056 |
| Gross Profit | CZK mil | 199 | 211 | 219 |
| EBITDA | CZK mil | 23.8 | 27.3 | 31.6 |
| EBIT | CZK mil | 20.4 | 23.5 | 28.3 |
| Financing Cost | CZK mil | 0.791 | 0.766 | 0.955 |
| Pre-Tax Profit | CZK mil | 19.6 | 22.8 | 27.5 |
| Net Profit | CZK mil | 15.9 | 16.9 | 20.7 |
| Dividends | CZK mil | 0 | 30.0 | ... |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Total Assets | CZK mil | 284 | 326 | 442 |
| Non-Current Assets | CZK mil | 7.98 | 6.75 | 5.72 |
| Current Assets | CZK mil | 251 | 306 | 422 |
| Working Capital | CZK mil | 77.3 | 87.0 | 69.7 |
| Shareholders' Equity | CZK mil | 75.2 | 93.2 | 83.9 |
| Liabilities | CZK mil | 209 | 233 | 358 |
| Total Debt | CZK mil | 0 | 0 | 0 |
| Net Debt | CZK mil | -20.0 | -39.0 | -44.9 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 23.4 | 20.1 | 23.4 |
| ROCE | % | 21.3 | 18.9 | 24.5 |
| Gross Margin | % | 30.2 | 20.8 | 10.6 |
| EBITDA Margin | % | 3.61 | 2.69 | 1.54 |
| EBIT Margin | % | 3.09 | 2.32 | 1.37 |
| Net Margin | % | 2.41 | 1.67 | 1.01 |
| Net Debt/EBITDA | -0.839 | -1.43 | -1.42 | |
| Net Debt/Equity | % | -26.5 | -41.9 | -53.6 |
| Cash Flow | 2015 | 2016 | 2017 | |
| Total Cash From Operations | CZK mil | -11.7 | 21.6 | 38.2 |
| Total Cash From Investing | CZK mil | -4.39 | -2.51 | -2.28 |
| Total Cash From Financing | CZK mil | 0 | 0 | -30.0 |
| Net Change In Cash | CZK mil | -16.1 | 19.1 | 5.89 |
| Cash Conversion Cycle | days | 40.5 | 27.7 | 9.90 |
| Cash Earnings | CZK mil | 19.3 | 20.7 | 24.1 |
| Free Cash Flow | CZK mil | -16.1 | 19.1 | 35.9 |
Get all company financials in excel:
| summary | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||
| Sales | CZK mil | ... | 333 | 345 | 440 | 658 | ||
| Gross Profit | CZK mil | ... | 183 | 164 | 190 | 199 | ||
| EBIT | CZK mil | ... | 17.4 | 18.1 | 18.3 | 20.4 | ||
| Net Profit | CZK mil | ... | 12.8 | 13.6 | 13.6 | 15.9 | ||
| ROE | % | ... | 38.6 | 33.9 | 25.4 | 23.4 | ||
| EBIT Margin | % | ... | 5.21 | 5.25 | 4.15 | 3.09 | ||
| Net Margin | % | ... | 3.85 | 3.94 | 3.09 | 2.41 | ||
| Employees | ... | 117 | 117 | 117 | 122 | |||
| balance sheet | ||||||||
| Total Assets | CZK mil | ... | 95.4 | 110 | 251 | 284 | ||
| Non-Current Assets | CZK mil | ... | 3.08 | 4.16 | 6.95 | 7.98 | ||
| Current Assets | CZK mil | ... | 88.1 | 92.3 | 234 | 251 | ||
| Shareholders' Equity | CZK mil | ... | 33.2 | 46.8 | 60.4 | 75.2 | ||
| Liabilities | CZK mil | ... | 62.2 | 62.9 | 191 | 209 | ||
| Non-Current Liabilities | CZK mil | ... | 0 | 0 | 0 | 0 | ||
| Current Liabilities | CZK mil | ... | 48.2 | 59.1 | 186 | 203 | ||
| Net Debt/EBITDA | ... | -1.54 | -2.09 | -1.74 | -0.839 | |||
| Net Debt/Equity | % | ... | -89.2 | -89.7 | -59.8 | -26.5 | ||
| cash flow | ||||||||
| Total Cash From Operations | CZK mil | ... | 15.4 | 15.4 | -0.624 | -11.7 | ||
| Total Cash From Investing | CZK mil | ... | -1.14 | -3.08 | -5.23 | -4.39 | ||
| Total Cash From Financing | CZK mil | ... | -25.0 | 0 | 0 | 0 | ||
| Net Change In Cash | CZK mil | ... | -10.8 | 12.3 | -5.85 | -16.1 |
| income statement | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||
| Sales | CZK mil | ... | 333 | 345 | 440 | 658 | ||
| Cost of Goods & Services | CZK mil | ... | 150 | 180 | 250 | 459 | ||
| Gross Profit | CZK mil | ... | 183 | 164 | 190 | 199 | ||
| Staff Cost | CZK mil | ... | 158 | 160 | 163 | 170 | ||
| Other Cost | CZK mil | ... | 6.21 | -15.2 | 6.49 | 5.34 | ||
| EBITDA | CZK mil | ... | 19.2 | 20.1 | 20.8 | 23.8 | ||
| Depreciation | CZK mil | ... | 1.81 | 1.99 | 2.51 | 3.43 | ||
| EBIT | CZK mil | ... | 17.4 | 18.1 | 18.3 | 20.4 | ||
| Financing Cost | CZK mil | ... | 1.17 | 0.917 | 0.848 | 0.791 | ||
| Extraordinary Cost | CZK mil | ... | 0 | 0 | 0 | -0.020 | ||
| Pre-Tax Profit | CZK mil | ... | 16.2 | 17.2 | 17.4 | 19.6 | ||
| Tax | CZK mil | ... | 3.39 | 3.81 | 3.82 | 3.71 | ||
| Minorities | CZK mil | ... | 0 | 0 | 0 | 0 | ||
| Net Profit | CZK mil | ... | 12.8 | 13.6 | 13.6 | 15.9 | ||
| Dividends | CZK mil | 25.0 | 0 | 0 | 0 | 0 | ... | |
| growth rates | ||||||||
| Total Revenue Growth | % | ... | ... | 3.49 | 27.6 | 49.6 | ||
| Operating Cost Growth | % | ... | ... | -12.0 | 17.6 | 3.26 | ||
| EBITDA Growth | % | ... | ... | 4.70 | 3.39 | 14.6 | ||
| EBIT Growth | % | ... | ... | 4.17 | 0.879 | 11.5 | ||
| Pre-Tax Profit Growth | % | ... | ... | 6.02 | 1.33 | 12.5 | ||
| Net Profit Growth | % | ... | ... | 5.92 | 0.125 | 16.7 | ||
| ratios | ||||||||
| ROE | % | ... | 38.6 | 33.9 | 25.4 | 23.4 | ||
| ROCE | % | ... | ... | 31.4 | 27.0 | 21.3 | ||
| Gross Margin | % | ... | 55.0 | 47.7 | 43.3 | 30.2 | ||
| EBITDA Margin | % | ... | 5.76 | 5.82 | 4.72 | 3.61 | ||
| EBIT Margin | % | ... | 5.21 | 5.25 | 4.15 | 3.09 | ||
| Net Margin | % | ... | 3.85 | 3.94 | 3.09 | 2.41 | ||
| Payout Ratio | % | ... | 0 | 0 | 0 | 0 | ... | |
| Net Debt/EBITDA | ... | -1.54 | -2.09 | -1.74 | -0.839 |
| balance sheet | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | ||||||||
| Non-Current Assets | CZK mil | ... | 3.08 | 4.16 | 6.95 | 7.98 | ||
| Property, Plant & Equipment | CZK mil | ... | 2.91 | 3.98 | 6.72 | 7.91 | ||
| Intangible Assets | CZK mil | ... | 0.169 | 0.178 | 0.238 | 0.078 | ||
| Current Assets | CZK mil | ... | 88.1 | 92.3 | 234 | 251 | ||
| Inventories | CZK mil | ... | 0 | 0 | 117 | 151 | ||
| Receivables | CZK mil | ... | 56.5 | 48.4 | 78.4 | 87.0 | ||
| Cash & Cash Equivalents | CZK mil | ... | 29.6 | 41.9 | 36.1 | 20.0 | ||
| Total Assets | CZK mil | ... | 95.4 | 110 | 251 | 284 | ||
| Shareholders' Equity | CZK mil | ... | 33.2 | 46.8 | 60.4 | 75.2 | ||
| Of Which Minority Interest | CZK mil | ... | 0 | 0 | 0 | 0 | ||
| Liabilities | CZK mil | ... | 62.2 | 62.9 | 191 | 209 | ||
| Non-Current Liabilities | CZK mil | ... | 0 | 0 | 0 | 0 | ||
| Long-Term Debt | CZK mil | ... | 0 | 0 | 0 | 0 | ||
| Deferred Tax Liabilities | CZK mil | ... | 0 | 0 | 0 | 0 | ||
| Current Liabilities | CZK mil | ... | 48.2 | 59.1 | 186 | 203 | ||
| Short-Term Debt | CZK mil | ... | 0 | 0 | 0 | 0 | ||
| Trade Payables | CZK mil | ... | 10.2 | 15.6 | 139 | 161 | ||
| Provisions | CZK mil | ... | 2.31 | 2.17 | 2.53 | 2.83 | ||
| Equity And Liabilities | CZK mil | ... | 95.4 | 110 | 251 | 284 | ||
| growth rates | ||||||||
| Total Asset Growth | % | ... | ... | 15.0 | 129 | 13.3 | ||
| Shareholders' Equity Growth | % | ... | ... | 40.9 | 29.1 | 24.6 | ||
| Net Debt Growth | % | ... | ... | 41.6 | -14.0 | -44.7 | ||
| ratios | ||||||||
| Total Debt | CZK mil | ... | 0 | 0 | 0 | 0 | ||
| Net Debt | CZK mil | ... | -29.6 | -41.9 | -36.1 | -20.0 | ||
| Working Capital | CZK mil | ... | 46.3 | 32.7 | 56.7 | 77.3 | ||
| Capital Employed | CZK mil | ... | 49.4 | 36.9 | 63.7 | 85.3 | ||
| Net Debt/Equity | % | ... | -89.2 | -89.7 | -59.8 | -26.5 |
| cash flow | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| cash flow | ||||||||
| Net Profit | CZK mil | ... | 12.8 | 13.6 | 13.6 | 15.9 | ||
| Depreciation | CZK mil | ... | 1.81 | 1.99 | 2.51 | 3.43 | ||
| Non-Cash Items | CZK mil | ... | ... | -13.8 | 7.26 | -10.4 | ||
| Change in Working Capital | CZK mil | ... | ... | 13.6 | -24.0 | -20.6 | ||
| Total Cash From Operations | CZK mil | ... | 15.4 | 15.4 | -0.624 | -11.7 | ||
| Capital Expenditures | CZK mil | ... | -1.18 | -3.15 | -5.44 | -4.45 | ||
| Other Investments | CZK mil | ... | 0.040 | 0.068 | 0.206 | 0.060 | ||
| Total Cash From Investing | CZK mil | ... | -1.14 | -3.08 | -5.23 | -4.39 | ||
| Dividends Paid | CZK mil | ... | -25.0 | 0 | 0 | 0 | ||
| Issuance Of Shares | CZK mil | ... | ... | ... | 0 | 0 | ||
| Issuance Of Debt | CZK mil | ... | ... | 0 | 0 | 0 | ||
| Total Cash From Financing | CZK mil | ... | -25.0 | 0 | 0 | 0 | ||
| Net Change In Cash | CZK mil | ... | -10.8 | 12.3 | -5.85 | -16.1 | ||
| ratios | ||||||||
| Days Sales Outstanding | days | ... | 61.9 | 51.2 | 65.0 | 48.3 | ||
| Days Sales Of Inventory | days | ... | 0 | 0 | 172 | 120 | ||
| Days Payable Outstanding | days | ... | 24.7 | 31.6 | 203 | 128 | ||
| Cash Conversion Cycle | days | ... | 37.2 | 19.6 | 33.3 | 40.5 | ||
| Cash Earnings | CZK mil | ... | 14.6 | 15.6 | 16.1 | 19.3 | ||
| Free Cash Flow | CZK mil | ... | 14.2 | 12.3 | -5.85 | -16.1 |
| other data | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | ||||||||
| ROA | % | ... | 13.4 | 13.2 | 7.53 | 5.92 | ||
| Gross Margin | % | ... | 55.0 | 47.7 | 43.3 | 30.2 | ||
| Employees | ... | 117 | 117 | 117 | 122 | |||
| Cost Per Employee | USD per month | ... | 5,743 | 5,807 | 5,440 | 4,862 | ||
| Cost Per Employee (Local Currency) | CZK per month | ... | 112,334 | 113,624 | 116,256 | 116,064 | ||
| Staff Cost (As % Of Total Cost) | % | ... | 49.9 | 48.8 | 38.7 | 26.6 | ||
| Effective Tax Rate | % | ... | 20.9 | 22.2 | 21.9 | 18.9 | ||
| Capital Expenditures (As % of Sales) | % | ... | 0.354 | 0.912 | 1.24 | 0.676 |
Get all company financials in excel:
Servier Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 10.5% a year during that time to total of CZK 31.6 mil in 2017, or 1.54% of sales. That’s compared to 3.68% average margin seen in last five years.
The company netted CZK 20.7 mil in 2017 implying ROE of 23.4% and ROCE of 24.5%. Again, the average figures were 25.2% and 24.6%, respectively when looking at the previous 5 years.
Servier Czech Republic’s net debt amounted to CZK -44.9 mil at the end of 2017, or -53.6% of equity. When compared to EBITDA, net debt was -1.42x, up when compared to average of -1.50x seen in the last 5 years.
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