Institutional Sign In

Go

Sfinks Polska

Sfinks Polska's net profit rose 68.0% yoy to PLN -19.6 mil in 2021

By Helgi Analytics - June 2, 2022

Sfinks Polska made a net profit of PLN -19.6 mil with revenues of PLN 63.9 mil in 2021, up by 68% and down by 17.4%, ...

Sfinks Polska's price/earnings (P/E) fell 212% yoy to -0.740 in 2021

By Helgi Analytics - June 2, 2022

Sfinks Polska stock traded at PLN 0.450 per share at the end 2021 translating into a market capitalization of USD 3.57 mil. Since...

Sfinks Polska's employees fell 12.2% yoy to 79.0 in 2021

By Helgi Analytics - June 2, 2022

Sfinks Polska employed 79.0 employees in 2021, down 12.2% compared to the previous year. Historically, between 2005 and...

Profit Statement 2019 2020 2021
Sales PLN mil 170 77.3 63.9
Gross Profit PLN mil 31.7 6.71 14.6
EBITDA PLN mil 29.2 -11.1 -0.450
EBIT PLN mil -3.19 -35.0 -16.5
Financing Cost PLN mil 6.47 6.87 3.43
Pre-Tax Profit PLN mil -18.7 -55.1 -19.4
Net Profit PLN mil -16.4 -61.1 -19.6
Dividends PLN mil 0 0 0
Balance Sheet 2019 2020 2021
Total Assets PLN mil 269 158 130
Non-Current Assets PLN mil 244 141 108
Current Assets PLN mil 25.2 17.3 21.8
Working Capital PLN mil -15.4 -20.2 -34.4
Shareholders' Equity PLN mil -18.2 -80.1 -99.7
Liabilities PLN mil 288 238 229
Total Debt PLN mil 222 177 165
Net Debt PLN mil 215 176 159
Ratios 2019 2020 2021
ROE % 204 124 21.8
ROCE % -9.98 -35.0 -20.2
Gross Margin % 18.6 8.67 22.9
EBITDA Margin % 17.1 -14.3 -0.704
EBIT Margin % -1.87 -45.3 -25.9
Net Margin % -9.63 -79.0 -30.6
Net Debt/EBITDA 7.35 -15.9 -354
Net Debt/Equity % -1,178 -220 -160
Cost of Financing % 4.18 3.44 2.00
Valuation 2019 2020 2021
Market Capitalisation USD mil 4.84 3.86 3.57
Enterprise Value (EV) USD mil 61.4 50.7 42.9
Number Of Shares mil 31.1 32.2 32.2
Share Price PLN 0.590 0.450 0.450
EV/EBITDA 7.94 -17.8 -372
EV/Sales 1.36 2.55 2.62
Price/Earnings (P/E) -1.12 -0.237 -0.740
Price/Book Value (P/BV) -1.01 -0.181 -0.145
Dividend Yield % 0 0 0

Get all company financials in excel:

Download Sample   $19.99

overview Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
income statement                                      
Sales PLN mil ... ...                     ... 192 187 182 170    
Gross Profit PLN mil ... ...                     ... 25.6 23.5 26.5 31.7    
EBIT PLN mil ... ...                     ... 6.33 -5.21 1.27 -3.19    
Net Profit PLN mil ... ...                     ... 4.67 -9.22 -4.68 -16.4    
                                         
ROE % ... ...                     ... ... -109 -105 204    
EBIT Margin % ... ...                     ... 3.30 -2.79 0.701 -1.87    
Net Margin % ... ...                     ... 2.43 -4.93 -2.58 -9.63    
Employees ... ...   ...         ...   ...   ... 111 100 96.0 97.0    
balance sheet                                      
Total Assets PLN mil ... ...                     ... 123 132 142 269    
Non-Current Assets PLN mil ... ... ... ...       ... ...       ... 93.4 102 112 244    
Current Assets PLN mil ... ...                     ... 30.1 29.9 30.3 25.2    
                                         
Shareholders' Equity PLN mil ... ...                     ... 10.2 6.74 2.18 -18.2    
Liabilities PLN mil ... ...                     ... 113 125 140 288    
Non-Current Liabilities PLN mil ... ...                     0 74.0 74.2 33.7 147    
Current Liabilities PLN mil ... ...                     ... 39.3 50.7 106 140    
                                         
Net Debt/EBITDA ... ...                     ... 4.24 12.0 7.39 7.35    
Net Debt/Equity % ... ...                     ... 703 988 3,498 -1,178    
Cost of Financing % ... ...   ...                 ... ... 5.56 6.27 4.18    
cash flow                                      
Total Cash From Operations PLN mil ... ...                     ... 19.1 9.93 14.1 29.7    
Total Cash From Investing PLN mil ... ...                     ... -23.4 -7.00 -7.35 -4.31    
Total Cash From Financing PLN mil ... ...                     ... -46.3 -6.23 -5.48 -29.6    
Net Change In Cash PLN mil ... ...                     ... -50.6 -3.30 1.22 -4.28    
valuation                                      
Market Capitalisation USD mil ... ... ...                   26.3 20.5 13.1 6.67 4.84    
Enterprise Value (EV) USD mil ... ... ...                   ... 37.7 32.2 26.9 61.4    
Number Of Shares mil                         26.8 32.0 31.4 31.0 31.1    
Share Price PLN ... ... ...                   3.83 2.68 1.45 0.810 0.590    
Price/Earnings (P/E) ... ... ...                   ... 18.4 -4.93 -5.36 -1.12    
Price/Cash Earnings (P/CE) ... ... ... ... ... ... ... ... ... ... ...   ... 5.81 54.4 7.30 1.28    
EV/EBITDA ... ... ...                   ... 9.00 22.3 9.47 7.94    
Price/Book Value (P/BV) ... ... ...                   ... 8.42 6.75 11.5 -1.01    
Dividend Yield % ... ... ...       ... ... ... ... ... ... ... ... 0 0 0    
income statement Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
income statement                                      
Sales PLN mil ... ...                     ... 192 187 182 170    
Cost of Goods & Services PLN mil ... ...                     ... 166 164 155 139    
Gross Profit PLN mil ... ...                     ... 25.6 23.5 26.5 31.7    
Selling, General & Admin PLN mil ... ... ... ... ... ... ... ... ... ... ...   ... 25.3 23.3 21.3 25.5    
Research & Development PLN mil ... ... ... ... ... ... ... ... ...   ... ... ... ... 0 0 0    
Other Operating Expense PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 9.26 4.25 8.59    
Staff Cost PLN mil ... ...   ...             ...   ... 15.2 14.6 11.8 14.0    
Other Operating Cost (Income) PLN mil ... ...                     ... 6.78 3.74 0.729 1.62    
EBITDA PLN mil ... ...                     ... 16.9 5.54 10.3 29.2    
Depreciation PLN mil ... ... ... ... ... ... ... ... ... ... ...   ... 10.1 10.1 8.12 30.8    
EBIT PLN mil ... ...                     ... 6.33 -5.21 1.27 -3.19    
Net Financing Cost PLN mil ... ... ... ... ... ... ... ... ...   ...   ... 5.01 3.90 4.72 5.75    
Financing Cost PLN mil ... ...   ...                 ... 5.22 4.47 5.16 6.47    
Financing Income PLN mil ... ...   ...             ...   ... 0.214 0.568 0.441 0.725    
FX (Gain) Loss PLN mil ... ...   ... ... ...         ...   ... 0.023 0.008 0.017 -0.599    
Extraordinary Cost PLN mil ... ...                     ... 0 0 0 0    
Pre-Tax Profit PLN mil ... ...                     ... 9.84 -9.96 -4.66 -18.7    
Tax PLN mil ... ...                     ... 5.18 -0.740 0.020 -2.28    
Minorities PLN mil ... ...                     ... 0 0 0 0    
Net Profit PLN mil ... ...                     ... 4.67 -9.22 -4.68 -16.4    
Net Profit Avail. to Common PLN mil ... ...                     ... 4.67 -9.22 -4.68 -16.4    
Dividends PLN mil ... ...         ... ... ... ... ... ... ... ... 0 0 0    
growth rates                                      
Total Revenue Growth % ... ... ...                   ... ... -2.57 -2.92 -6.20    
Operating Cost Growth % ... ... ...                   ... ... 24.8 -20.0 40.6   ...
Staff Cost Growth % ... ... ... ... ...           ... ... ... ... -4.12 -19.3 18.6    
EBITDA Growth % ... ... ...                   ... ... -67.3 85.9 184    
EBIT Growth % ... ... ...                   ... ... -182 -124 -351    
Pre-Tax Profit Growth % ... ... ...                   ... ... -201 -53.2 301    
Net Profit Growth % ... ... ...                   ... ... -298 -49.2 251    
ratios                                      
ROE % ... ...                     ... ... -109 -105 204    
ROA % ... ...                     ... ... -7.22 -3.42 -7.97    
ROCE % ... ... ... ... ...     ... ... ... ... ... ... ... ... -4.86 -9.98    
Gross Margin % ... ...                     ... 13.3 12.6 14.6 18.6    
EBITDA Margin % ... ...                     ... 8.81 2.96 5.67 17.1    
EBIT Margin % ... ...                     ... 3.30 -2.79 0.701 -1.87    
Net Margin % ... ...                     ... 2.43 -4.93 -2.58 -9.63    
Payout Ratio % ... ...         ... ... ... ... ... ... ... ... 0 0 0    
Cost of Financing % ... ...   ...                 ... ... 5.56 6.27 4.18    
Net Debt/EBITDA ... ...                     ... 4.24 12.0 7.39 7.35    
balance sheet Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
balance sheet                                      
Cash & Cash Equivalents PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 10.4 11.7 7.39    
Receivables PLN mil ... ...                     ... 3.80 6.95 7.14 8.32    
Inventories PLN mil ... ...                     ... 3.14 2.63 2.46 2.58    
Other ST Assets PLN mil ... ...   ... ... ...             ... 11.1 9.92 9.01 6.95    
Current Assets PLN mil ... ...                     ... 30.1 29.9 30.3 25.2    
Property, Plant & Equipment PLN mil ... ...                     ... 54.7 53.5 51.6 181    
LT Investments & Receivables PLN mil ... ... ... ...       ... ...       ... 6.45 1.38 9.38 8.66    
Intangible Assets PLN mil ... ...                     ... 20.0 29.4 30.2 30.8    
Goodwill PLN mil ... ... ... ...                 ... 1.04 1.04 1.04 1.04    
Non-Current Assets PLN mil ... ... ... ...       ... ...       ... 93.4 102 112 244    
Total Assets PLN mil ... ...                     ... 123 132 142 269    
                                         
Trade Payables PLN mil ... ...                 ...   ... ... 18.4 21.6 26.3    
Short-Term Debt PLN mil ... ...                     ... 10.4 18.4 78.1 96.7    
Other ST Liabilities PLN mil ... ...                     ... 28.8 11.2 5.51 13.5    
Current Liabilities PLN mil ... ...                     ... 39.3 50.7 106 140    
Long-Term Debt PLN mil ... ...                     ... 73.4 58.7 9.68 125    
Other LT Liabilities PLN mil ... ...                     ... 0.680 15.6 24.0 21.9    
Non-Current Liabilities PLN mil ... ...                     0 74.0 74.2 33.7 147    
Liabilities PLN mil ... ...                     ... 113 125 140 288    
Preferred Equity and Hybrid Capital PLN mil ... ...                     ... 0 0 0 0    
Share Capital PLN mil ... ...                     ... 30.7 31.7 32.1 32.2    
Treasury Stock PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0 0 0    
Equity Before Minority Interest PLN mil ... ...                     ... 10.2 6.74 2.18 -18.2    
Minority Interest PLN mil ... ...                     ... 0 0 0 0    
Equity PLN mil ... ...                     ... 10.2 6.74 2.18 -18.2    
growth rates                                      
Total Asset Growth % ... ... ...                   ... ... 6.67 7.95 89.5    
Shareholders' Equity Growth % ... ... ...                   ... ... -33.9 -67.7 -938    
Net Debt Growth % ... ... ...                   ... ... -7.07 14.2 182    
Total Debt Growth % ... ... ...                   ... ... -8.04 13.9 153    
ratios                                      
Total Debt PLN mil ... ...                     ... 83.8 77.0 87.7 222    
Net Debt PLN mil ... ...                     ... 71.7 66.6 76.1 215    
Working Capital PLN mil ... ...                 ...   ... ... -8.87 -12.0 -15.4    
Capital Employed PLN mil ... ... ... ...       ... ...   ...   ... ... 92.9 99.9 229    
Net Debt/Equity % ... ...                     ... 703 988 3,498 -1,178    
Current Ratio ... ...                     ... 0.767 0.590 0.285 0.180    
Quick Ratio ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.343 0.177 0.112    
cash flow Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
cash flow                                      
Net Profit PLN mil ... ...                     ... 4.67 -9.22 -4.68 -16.4    
Depreciation PLN mil ... ... ... ... ... ... ... ... ... ... ...   ... 10.1 10.1 8.12 30.8    
Non-Cash Items PLN mil ... ...                     ... -2.55 9.29 2.15 4.40    
Change in Working Capital PLN mil ... ...                     ... 6.36 -0.896 7.57 9.30    
Total Cash From Operations PLN mil ... ...                     ... 19.1 9.93 14.1 29.7    
                                         
Capital Expenditures PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... -11.1 -7.40 -4.49    
Net Change in LT Investment PLN mil ... ...                     ... 1.26 4.20 0.193 0.214    
Net Cash From Acquisitions PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0 0 0    
Other Investing Activities PLN mil ... ...                     ... 0 -0.113 -0.144 -0.042    
Total Cash From Investing PLN mil ... ...                     ... -23.4 -7.00 -7.35 -4.31    
                                         
Dividends Paid PLN mil ... ...                     ... 0 0 0 0    
Issuance Of Shares PLN mil ... ...                     ... 0.413 0 0.433 1.10    
Issuance Of Debt PLN mil ... ...                     ... -46.1 -6.18 -5.92 -30.7    
Other Financing Activities PLN mil ... ...                     ... -0.529 -0.049 0 0    
Total Cash From Financing PLN mil ... ...                     ... -46.3 -6.23 -5.48 -29.6    
                                         
Effect of FX Rates PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0 0 0    
Net Change In Cash PLN mil ... ...                     ... -50.6 -3.30 1.22 -4.28    
ratios                                      
Days Sales Outstanding days ... ...                     ... 7.23 13.6 14.3 17.8    
Days Sales Of Inventory days ... ...                     ... 6.88 5.86 5.80 6.80    
Days Payable Outstanding days ... ...                 ...   ... ... 41.1 50.8 69.2    
Cash Conversion Cycle days ... ...                 ...   ... ... -21.7 -30.7 -44.6    
Cash Earnings PLN mil ... ... ... ... ... ... ... ... ... ... ...   ... 14.8 0.836 3.44 14.4    
Free Cash Flow PLN mil ... ...                     ... -4.34 2.93 6.71 25.4    
Capital Expenditures (As % of Sales) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... 5.93 4.08 2.63    
other ratios Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                       
Employees ... ...   ...         ...   ...   ... 111 100 96.0 97.0    
Cost Per Employee USD per month ... ...   ...         ...   ...   ... 2,832 3,179 2,827 3,179    
Cost Per Employee (Local Currency) PLN per month ... ...   ...         ...   ...   ... 11,441 12,176 10,236 12,014    
Operating Cost (As % of Sales) % ... ...                     ... 13.5 17.4 14.3 21.4   ...
Research & Development (As % of Sales) % ... ... ... ... ... ... ... ... ...   ... ... ... ... 0 0 0    
Staff Cost (As % of Sales) % ... ...   ...             ...   ... 7.94 7.81 6.49 8.21    
Effective Tax Rate % ... ...                     ... 52.6 7.43 -0.429 12.2    
Total Revenue Growth (5-year average) % ... ... ... ... ... ... ...           ... 2.26 1.80 0.556 -0.059 ...  
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ... ... ... ... 2.11 -0.072 -1.62 -0.182    
valuation Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                       
Market Capitalisation USD mil ... ... ...                   26.3 20.5 13.1 6.67 4.84    
Enterprise Value (EV) USD mil ... ... ...                   ... 37.7 32.2 26.9 61.4    
Number Of Shares mil                         26.8 32.0 31.4 31.0 31.1    
Share Price PLN ... ... ...                   3.83 2.68 1.45 0.810 0.590    
EV/EBITDA ... ... ...                   ... 9.00 22.3 9.47 7.94    
Price/Earnings (P/E) ... ... ...                   ... 18.4 -4.93 -5.36 -1.12    
Price/Cash Earnings (P/CE) ... ... ... ... ... ... ... ... ... ... ...   ... 5.81 54.4 7.30 1.28    
P/FCF ... ... ...                   ... -19.8 15.5 3.74 0.724    
Price/Book Value (P/BV) ... ... ...                   ... 8.42 6.75 11.5 -1.01    
Dividend Yield % ... ... ...       ... ... ... ... ... ... ... ... 0 0 0    
Free Cash Flow Yield % ... ... ...                   ... -5.23 5.85 27.8 139    
Earnings Per Share (EPS) PLN                         ... 0.146 -0.294 -0.151 -0.527    
Cash Earnings Per Share PLN ... ... ... ... ... ... ... ... ... ... ...   ... 0.461 0.027 0.111 0.462    
Free Cash Flow Per Share PLN ... ...                     ... -0.135 0.093 0.216 0.815    
Book Value Per Share PLN ... ...                     ... 0.318 0.215 0.070 -0.586    
Dividend Per Share PLN ... ...         ... ... ... ... ... ... ... ... 0 0 0    
EV/Sales ... ... ...                   ... 0.793 0.659 0.536 1.36    
EV/EBIT ... ... ...                   ... 24.1 -23.7 76.5 -72.7    
EV/Free Cash Flow ... ... ...                   ... -35.1 42.1 14.5 9.14    
EV/Capital Employed ... ... ... ...       ... ...   ...   ... ... 1.21 1.01 1.02    
Earnings Per Share Growth % ...                       ... ... -302 -48.6 249    
Cash Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... -94.2 316 316    
Book Value Per Share Growth % ... ... ...                   ... ... -32.5 -67.3 -934    

Get all company financials in excel:

Download Sample   $19.99

Sfinks Polska's Net Debt/EBITDA fell 2,132% yoy to -354 in 2021

By Helgi Analytics - June 2, 2022

Sfinks Polska's net debt stood at PLN 159 mil and accounted for -160% of equity at the end of 2021. The ratio is up 59.6 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 3,498% in 2018 and a low of ...

Sfinks Polska's Share Price remain unchanged yoy at PLN 0.450 in 2021

By Helgi Analytics - June 2, 2022

Sfinks Polska stock traded at PLN 0.450 per share at the end 2021 implying a market capitalization of USD 3.57 mil. Since the end of 2016, stock has appreciated by -83.2% implying an annual average growth of -30.0% In absolute terms, the value of the company ...

Sfinks Polska's Net Margin rose 61.2% yoy to -30.6% in 2021

By Helgi Analytics - June 2, 2022

Sfinks Polska made a net profit of PLN -19.6 mil with revenues of PLN 63.9 mil in 2021, up by 68.0% and down by 17.4%, respectively, compared to the previous year. This translates into a net margin of -30.6%. Historically, between 2005 and 2021, the...

Sfinks Polska's ROCE rose 42.3% yoy to -20.2% in 2021

By Helgi Analytics - June 2, 2022

Sfinks Polska made a net profit of PLN -19.6 mil in 2021, up 68% compared to the previous year. Historically, between 2005 and 2021, the company's net profit reached a high of PLN 34.6 mil in 2014 and a low of PLN -70.5 mil in 2008. The result implies a r...

Sfinks Polska's P/FCF rose 131% yoy to 2.21 in 2021

By Helgi Analytics - June 2, 2022

Sfinks Polska stock traded at PLN 0.450 per share at the end 2021 translating into a market capitalization of USD 3.57 mil. Since the end of 2016, the stock has depreciated by 83.2% representing an annual average growth of -30.0%. At the end of 2021, the...

Sfinks Polska's Capital Expenditures rose 38.3% yoy to PLN 0.481 mil in 2021

By Helgi Analytics - June 2, 2022

Sfinks Polska invested a total of PLN 0.481 mil in 2021, down 38.3% compared to the previous year. Historically, between 2017 - 2021, the company's investments stood at a high of PLN 11.1 mil in 2017 and a low of PLN 0.481 mil in 2021. ...

More News

Sfinks Polska Logo

Finance

Sfinks Polska has been growing its sales by -19.8% a year on average in the last 5 years. EBITDA has fallen by 103% during that time to total of PLN -0.450 mil in 2021, or -0.704% of sales. That’s compared to 2.15% average margin seen in last five years.

The company netted PLN -19.6 mil in 2021 implying ROE of 21.8% and ROCE of -20.2%. Again, the average figures were 27.3% and -17.5%, respectively when looking at the previous 5 years.

Sfinks Polska’s net debt amounted to PLN 159 mil at the end of 2021, or -160% of equity. When compared to EBITDA, net debt was -354x, down when compared to average of -68.7x seen in the last 5 years.

Valuation

Sfinks Polska stock traded at PLN 0.450 per share at the end of 2021 resulting in a market capitalization of USD 3.57 mil. Over the previous five years, stock price fell by 83.2% or -30.0% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of -372x and price to earnings (PE) of -0.740x as of 2021.

More Companies in Polish Food & Drink Sector