Seznam

Seznam's Cash & Cash Equivalents rose 121% yoy to CZK 897 mil in 2017

By Helgi Analytics - April 2, 2020

Seznam's total assets reached CZK 2,411 mil at the end of 2017, up 16.6% compared to the previous year. Current as...

Profit Statement 2015 2016 2017
Sales CZK mil 3,413 3,706 4,117
Gross Profit CZK mil 2,397 2,625 3,052
EBITDA CZK mil 1,436 1,586 1,899
EBIT CZK mil 1,241 1,343 1,628
Financing Cost CZK mil -9.92 -5.31 1.09
Pre-Tax Profit CZK mil 1,251 1,348 1,627
Net Profit CZK mil 1,017 1,107 1,338
Dividends CZK mil 0 467 ...
Balance Sheet 2015 2016 2017
Total Assets CZK mil 3,603 2,067 2,411
Non-Current Assets CZK mil 770 974 875
Current Assets CZK mil 2,821 1,076 1,518
Working Capital CZK mil 405 526 518
Shareholders' Equity CZK mil 1,135 836 1,592
Liabilities CZK mil 2,468 1,231 818
Total Debt CZK mil 442 295 147
Net Debt CZK mil -1,829 -110 -750
Ratios 2015 2016 2017
ROE % 92.5 112 110
ROCE % 96.9 82.7 92.5
Gross Margin % 70.2 70.8 74.1
EBITDA Margin % 42.1 42.8 46.1
EBIT Margin % 36.3 36.2 39.5
Net Margin % 29.8 29.9 32.5
Net Debt/EBITDA -1.27 -0.070 -0.395
Net Debt/Equity % -161 -13.2 -47.1
Cost of Financing % -4.49 -1.44 0.491
Cash Flow 2015 2016 2017
Total Cash From Operations CZK mil ... 1,344 1,545
Total Cash From Investing CZK mil ... -553 -174
Total Cash From Financing CZK mil ... -2,656 -879
Net Change In Cash CZK mil ... -1,865 492
Cash Conversion Cycle days 14.7 17.6 20.5
Cash Earnings CZK mil 1,212 1,350 1,608
Free Cash Flow CZK mil ... 791 1,371

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                  
Sales CZK mil                     2,681 2,834 2,909 3,129 3,413    
Gross Profit CZK mil                     1,903 1,932 2,054 2,208 2,397    
EBIT CZK mil                     1,035 943 929 1,124 1,241    
Net Profit CZK mil                     840 776 776 948 1,017    
ROE %                     101 89.9 86.5 96.9 92.5    
EBIT Margin %                     38.6 33.3 31.9 35.9 36.3    
Net Margin %                     31.3 27.4 26.7 30.3 29.8    
Employees ... ... ...           ... ... 915 1,000 1,089 1,066 1,142    
balance sheet                                  
Total Assets CZK mil                     1,625 1,711 1,642 1,689 3,603    
Non-Current Assets CZK mil                     369 367 487 558 770    
Current Assets CZK mil                     1,227 1,316 1,123 1,115 2,821    
Shareholders' Equity CZK mil                     826 900 894 1,064 1,135    
Liabilities CZK mil                     799 810 748 626 2,468    
Non-Current Liabilities CZK mil                     0 5.89 7.37 9.81 319    
Current Liabilities CZK mil                     412 408 349 373 1,943    
Net Debt/EBITDA                     -0.665 -0.704 -0.579 -0.450 -1.27    
Net Debt/Equity %                     -95.3 -88.0 -73.0 -55.1 -161    
Cost of Financing % ... ... ... ... ... ...       ... ... -132 -87.1 ... -4.49    
cash flow                                  
Total Cash From Operations CZK mil           ... ... ... ... ... 1,078 876 ... ... ...    
Total Cash From Investing CZK mil           ... ... ... ... ... -180 -205 ... ... ...    
Total Cash From Financing CZK mil           ... ... ... ... ... -728 -701 ... ... ...    
Net Change In Cash CZK mil           ... ... ... ... ... 170 -30.4 ... ... ...    
income statement Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                  
Sales CZK mil                     2,681 2,834 2,909 3,129 3,413    
Cost of Goods & Services CZK mil                     779 902 855 920 1,016    
Gross Profit CZK mil                     1,903 1,932 2,054 2,208 2,397    
Staff Cost CZK mil                     705 816 924 906 962    
Other Cost CZK mil                     15.1 -9.31 2.47 -0.461 -1.18    
EBITDA CZK mil                     1,182 1,125 1,128 1,303 1,436    
Depreciation CZK mil                     147 182 199 179 195    
EBIT CZK mil                     1,035 943 929 1,124 1,241    
Financing Cost CZK mil                     2.53 -3.89 -2.56 -12.4 -9.92    
Extraordinary Cost CZK mil                     0 0 0 0 0    
Pre-Tax Profit CZK mil                     1,032 947 932 1,136 1,251    
Tax CZK mil                     193 171 155 188 234    
Minorities CZK mil                     0 0 0 0 0    
Net Profit CZK mil                     840 776 776 948 1,017    
Dividends CZK mil ... ... ... ... ... ... ... ... ...   690 ... ... ... 0   ...
growth rates                                  
Total Revenue Growth % ...                   19.4 5.69 2.65 7.56 9.10    
Operating Cost Growth % ...                   23.0 12.0 14.9 -2.29 6.15    
EBITDA Growth % ...                   13.3 -4.82 0.206 15.5 10.2    
EBIT Growth % ...                   14.1 -8.87 -1.47 21.0 10.4    
Pre-Tax Profit Growth % ...                   12.4 -8.27 -1.61 22.0 10.1    
Net Profit Growth % ...                   13.5 -7.63 0.093 22.2 7.22    
ratios                                  
ROE %                     101 89.9 86.5 96.9 92.5    
ROCE % ...                   149 117 103 108 96.9    
Gross Margin %                     71.0 68.2 70.6 70.6 70.2    
EBITDA Margin %                     44.1 39.7 38.8 41.6 42.1    
EBIT Margin %                     38.6 33.3 31.9 35.9 36.3    
Net Margin %                     31.3 27.4 26.7 30.3 29.8    
Payout Ratio % ... ... ... ... ... ... ... ... ...   82.2 ... ... ... 0   ...
Cost of Financing % ... ... ... ... ... ...       ... ... -132 -87.1 ... -4.49    
Net Debt/EBITDA                     -0.665 -0.704 -0.579 -0.450 -1.27    
balance sheet Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                  
Non-Current Assets CZK mil                     369 367 487 558 770    
Property, Plant & Equipment CZK mil                     282 300 316 338 405    
Intangible Assets CZK mil                     57.4 66.7 84.4 102 161    
Goodwill CZK mil                     -1.26 -0.837 0.419 0 0    
Current Assets CZK mil                     1,227 1,316 1,123 1,115 2,821    
Inventories CZK mil                     0 0 0.012 0.003 4.45    
Receivables CZK mil                     383 451 427 461 519    
Cash & Cash Equivalents CZK mil                     787 798 652 586 2,271    
Total Assets CZK mil                     1,625 1,711 1,642 1,689 3,603    
Shareholders' Equity CZK mil                     826 900 894 1,064 1,135    
Of Which Minority Interest CZK mil                     0 0 0 0 0    
Liabilities CZK mil                     799 810 748 626 2,468    
Non-Current Liabilities CZK mil                     0 5.89 7.37 9.81 319    
Long-Term Debt CZK mil                     0 5.89 0 0 295    
Deferred Tax Liabilities CZK mil                     0 0 7.37 9.81 24.1    
Current Liabilities CZK mil                     412 408 349 373 1,943    
Short-Term Debt CZK mil                     0 0 0 0 147    
Trade Payables CZK mil                     110 139 85.0 96.1 118    
Provisions CZK mil                     27.4 20.1 25.5 16.0 17.4    
Equity And Liabilities CZK mil                     1,625 1,711 1,642 1,689 3,603    
growth rates                                  
Total Asset Growth % ...                   4.55 5.24 -4.03 2.89 113    
Shareholders' Equity Growth % ...                   -0.973 9.00 -0.697 19.0 6.71    
Net Debt Growth % ...                   -8.17 0.657 -17.6 -10.2 212    
Total Debt Growth % ... ... ... ... ... ... ...     ... ... ... -100 ... ...    
ratios                                  
Total Debt CZK mil                     0 5.89 0 0 442    
Net Debt CZK mil                     -787 -792 -652 -586 -1,829    
Working Capital CZK mil                     273 312 342 365 405    
Capital Employed CZK mil                     642 679 829 923 1,176    
Net Debt/Equity %                     -95.3 -88.0 -73.0 -55.1 -161    
Cost of Financing % ... ... ... ... ... ...       ... ... -132 -87.1 ... -4.49    
cash flow Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
cash flow                                  
Net Profit CZK mil                     840 776 776 948 1,017    
Depreciation CZK mil                     147 182 199 179 195    
Non-Cash Items CZK mil ...         ... ... ... ... ... 231 -42.5 ... ... ...    
Change in Working Capital CZK mil ...         ... ... ... ... ... -140 -39.5 ... ... ...    
Total Cash From Operations CZK mil           ... ... ... ... ... 1,078 876 ... ... ...    
Capital Expenditures CZK mil           ... ... ... ... ... -154 -210 ... ... ...    
Other Investments CZK mil           ... ... ... ... ... -26.1 4.68 ... ... ...    
Total Cash From Investing CZK mil           ... ... ... ... ... -180 -205 ... ... ...    
Dividends Paid CZK mil ... ... ... ... ... ... ... ... ... ... -690 ... ... ... ...    
Issuance Of Shares CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Issuance Of Debt CZK mil ...         ... ... ... ... ... 0 5.89 ... ... ...    
Total Cash From Financing CZK mil           ... ... ... ... ... -728 -701 ... ... ...    
Net Change In Cash CZK mil           ... ... ... ... ... 170 -30.4 ... ... ...    
ratios                                  
Days Sales Outstanding days                     52.2 58.1 53.6 53.8 55.5    
Days Sales Of Inventory days                     0 0 0.005 0.001 1.60    
Days Payable Outstanding days                     51.8 56.2 36.3 38.1 42.3    
Cash Conversion Cycle days                     0.380 1.87 17.3 15.7 14.7    
Cash Earnings CZK mil                     987 958 975 1,128 1,212    
Free Cash Flow CZK mil           ... ... ... ... ... 897 671 ... ... ...    
other data Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                  
ROA %                     52.8 46.5 46.3 56.9 38.4    
Gross Margin %                     71.0 68.2 70.6 70.6 70.2    
Employees ... ... ...           ... ... 915 1,000 1,089 1,066 1,142    
Cost Per Employee USD per month ... ... ...           ... ... 3,631 3,476 3,615 3,314 2,942    
Cost Per Employee (Local Currency) CZK per month ... ... ...           ... ... 64,225 67,989 70,729 70,828 70,234    
Staff Cost (As % Of Total Cost) %                     42.8 43.1 46.7 45.2 44.3    
Effective Tax Rate %                     18.7 18.1 16.7 16.5 18.7    
Domestic Sales CZK mil ... ... ...           ... ... 2,624 2,780 2,810 2,924 3,191    
Capital Expenditures (As % of Sales) %           ... ... ... ... ... 5.76 7.40 ... ... ...    
Revenues From Abroad CZK mil ... ... ...           ... ... 57.0 54.0 98.7 203 222    
Revenues From Abroad (As % Of Total) % ... ... ...           ... ... 2.13 1.91 3.39 6.48 6.52    

Get all company financials in excel:

Download Sample   $19.99

Feb 2014
Statistical Dossier
Feb 2014
Company Report

Seznam.cz (meaning list in English) is a web portal and search engine in the Czech Republic. The Company was founded in 1996 by Ivo Lukačovič as the first web portal in the Czech Republic. Seznam started with a search engine and an internet version of yellow pages. Today, Seznam runs more than 15 different web services and associated brands. More than 2.5 million people visit the Seznam.cz pages every day. Among the most popular services, according to NetMonitor, are Seznam homepage, Seznam Email, Seznam Search and Seznam yellow pages. In 2012, Seznam was the second internet search engine in the Czech Republic (with a 40% market share) just behind Google (with more than a half of the market) and employed around 1,000 people.

Finance

Seznam has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 11% a year during that time to total of CZK 1,899 mil in 2017, or 46.1% of sales. That’s compared to 42.3% average margin seen in last five years.

The company netted CZK 1,338 mil in 2017 implying ROE of 110% and ROCE of 92.5%. Again, the average figures were 99.7% and 96.7%, respectively when looking at the previous 5 years.

Seznam’s net debt amounted to CZK -750 mil at the end of 2017, or -47.1% of equity. When compared to EBITDA, net debt was -0.395x, up when compared to average of -0.553x seen in the last 5 years.