Sungwoo Hitech Czech Republic

Sungwoo CR's Cash & Cash Equivalents fell 16.6% yoy to CZK 1,763 mil in 2014

By Helgi Analytics - April 2, 2020

Sungwoo Hitech Czech Republic's total assets reached CZK 6,992 mil at the end of 2014, down 6.4% compared to the previous year. ...

Profit Statement 2012 2013 2014
Sales CZK mil 14,250 14,068 15,242
Gross Profit CZK mil 1,129 1,034 1,298
EBITDA CZK mil 666 588 802
EBIT CZK mil 162 101 290
Financing Cost CZK mil 1.28 193 108
Pre-Tax Profit CZK mil 161 -91.9 182
Net Profit CZK mil 128 -81.0 148
Balance Sheet 2012 2013 2014
Total Assets CZK mil 6,803 7,470 6,992
Non-Current Assets CZK mil 3,846 3,424 3,322
Current Assets CZK mil 2,924 4,041 3,665
Working Capital CZK mil -12.3 65.6 160
Shareholders' Equity CZK mil 2,046 1,965 2,113
Liabilities CZK mil 4,757 5,505 4,879
Total Debt CZK mil 2,762 3,251 2,814
Net Debt CZK mil 1,693 1,137 1,051
Ratios 2012 2013 2014
ROE % 6.44 -4.04 7.24
ROCE % 3.32 -2.21 4.24
Gross Margin % 7.92 7.35 8.51
EBITDA Margin % 4.68 4.18 5.26
EBIT Margin % 1.14 0.717 1.90
Net Margin % 0.896 -0.575 0.969
Net Debt/EBITDA 2.54 1.93 1.31
Net Debt/Equity 0.827 0.578 0.498
Cost of Financing % 0.046 6.41 3.56
Cash Flow 2012 2013 2014
Total Cash From Operations CZK mil 651 895 563
Total Cash From Investing CZK mil -746 -84.0 -444
Total Cash From Financing CZK mil 2.68 234 -471
Net Change In Cash CZK mil -93.0 1,045 -352
Cash Conversion Cycle days -2.88 -1.15 1.15
Cash Earnings CZK mil 632 406 660
Free Cash Flow CZK mil -95.7 811 119

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summary Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015
income statement                  
Sales CZK mil     5,182 9,399 10,759 14,250 14,068   ...
Gross Profit CZK mil     1,051 1,538 1,144 1,129 1,034   ...
EBIT CZK mil     360 616 254 162 101   ...
Net Profit CZK mil     315 431 18.9 128 -81.0   ...
ROE %     24.0 25.6 0.988 6.44 -4.04   ...
EBIT Margin %     6.95 6.55 2.36 1.14 0.717   ...
Net Margin %     6.08 4.59 0.175 0.896 -0.575   ...
Employees     1,116 1,441 1,516 1,518 1,430   ...
balance sheet                  
Total Assets CZK mil     5,740 6,305 7,947 6,803 7,470   ...
Non-Current Assets CZK mil     3,574 3,595 4,651 3,846 3,424   ...
Current Assets CZK mil     2,138 2,690 3,285 2,924 4,041   ...
Shareholders' Equity CZK mil     1,468 1,900 1,918 2,046 1,965   ...
Liabilities CZK mil     4,272 4,405 6,029 4,757 5,505   ...
Non-Current Liabilities CZK mil     1,448 1,088 493 536 1,256   ...
Current Liabilities CZK mil     1,420 1,759 3,031 1,802 2,072   ...
Net Debt/EBITDA     3.02 1.36 2.36 2.54 1.93   ...
Net Debt/Equity     1.63 0.755 0.876 0.827 0.578   ...
Cost of Financing % ...   0.625 2.94 8.13 0.046 6.41   ...
cash flow                  
Total Cash From Operations CZK mil     699 792 826 651 895   ...
Total Cash From Investing CZK mil     -397 213 -968 -746 -84.0   ...
Total Cash From Financing CZK mil     -114 -352 230 2.68 234   ...
Net Change In Cash CZK mil     188 652 87.9 -93.0 1,045   ...
income statement Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015
income statement                  
Sales CZK mil     5,182 9,399 10,759 14,250 14,068   ...
Cost of Goods & Services CZK mil     4,131 7,861 9,614 13,121 13,034   ...
Gross Profit CZK mil     1,051 1,538 1,144 1,129 1,034   ...
Staff Cost CZK mil     342 513 558 599 590   ...
Other Cost CZK mil     -83.1 -29.3 -126 -136 -145   ...
EBITDA CZK mil     792 1,054 712 666 588   ...
Depreciation CZK mil     432 438 458 504 487   ...
EBIT CZK mil     360 616 254 162 101   ...
Financing Cost CZK mil     18.3 78.2 218 1.28 193   ...
Extraordinary Cost CZK mil     0 -0.046 0 0.008 0.051   ...
Pre-Tax Profit CZK mil     342 538 36.5 161 -91.9   ...
Tax CZK mil     26.7 106 17.7 33.3 -10.9   ...
Minorities CZK mil     0 0 0 0 0   ...
Net Profit CZK mil     315 431 18.9 128 -81.0   ...
growth rates                  
Total Revenue Growth % ...   29.0 81.4 14.5 32.4 -1.27   ...
Operating Cost Growth % ...   -28.5 86.6 -10.6 7.03 -3.72    
EBITDA Growth % ...   104 33.2 -32.5 -6.39 -11.7   ...
EBIT Growth % ...   303 71.1 -58.7 -36.1 -37.8   ...
Pre-Tax Profit Growth % ...   -831 57.4 -93.2 341 -157   ...
Net Profit Growth % ...   -931 36.9 -95.6 577 -163   ...
ratios                  
ROE %     24.0 25.6 0.988 6.44 -4.04   ...
ROCE % ...   7.96 11.4 0.505 3.32 -2.21   ...
Gross Margin %     20.3 16.4 10.6 7.92 7.35   ...
EBITDA Margin %     15.3 11.2 6.62 4.68 4.18   ...
EBIT Margin %     6.95 6.55 2.36 1.14 0.717   ...
Net Margin %     6.08 4.59 0.175 0.896 -0.575   ...
Cost of Financing % ...   0.625 2.94 8.13 0.046 6.41   ...
Net Debt/EBITDA     3.02 1.36 2.36 2.54 1.93   ...
balance sheet Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015
balance sheet                  
Non-Current Assets CZK mil     3,574 3,595 4,651 3,846 3,424   ...
Property, Plant & Equipment CZK mil     3,565 3,591 4,647 3,843 3,421   ...
Intangible Assets CZK mil     9.45 3.84 3.20 2.84 2.95   ...
Current Assets CZK mil     2,138 2,690 3,285 2,924 4,041   ...
Inventories CZK mil     596 380 399 502 336   ...
Receivables CZK mil     1,097 1,207 1,626 1,151 1,449   ...
Cash & Cash Equivalents CZK mil     423 1,075 1,163 1,070 2,115   ...
Total Assets CZK mil     5,740 6,305 7,947 6,803 7,470   ...
Shareholders' Equity CZK mil     1,468 1,900 1,918 2,046 1,965   ...
Of Which Minority Interest CZK mil     0 0 0 0 0   ...
Liabilities CZK mil     4,272 4,405 6,029 4,757 5,505   ...
Non-Current Liabilities CZK mil     1,448 1,088 493 536 1,256   ...
Long-Term Debt CZK mil     1,422 955 342 352 1,083   ...
Deferred Tax Liabilities CZK mil     26.7 133 151 184 173   ...
Current Liabilities CZK mil     1,420 1,759 3,031 1,802 2,072   ...
Short-Term Debt CZK mil     1,394 1,554 2,501 2,410 2,168   ...
Trade Payables CZK mil     1,328 1,566 2,819 1,666 1,720   ...
Provisions CZK mil     4.12 4.12 4.12 8.51 8.51   ...
Equity And Liabilities CZK mil     5,740 6,305 7,947 6,803 7,470   ...
growth rates                  
Total Asset Growth % ...   18.3 9.83 26.1 -14.4 9.81   ...
Shareholders' Equity Growth % ...   27.3 29.4 0.993 6.66 -3.96   ...
Net Debt Growth % ...   -14.6 -40.1 17.3 0.699 -32.8   ...
Total Debt Growth % ...   -7.28 -10.9 13.4 -2.86 17.7   ...
ratios                  
Total Debt CZK mil     2,816 2,508 2,843 2,762 3,251   ...
Net Debt CZK mil     2,393 1,433 1,681 1,693 1,137   ...
Working Capital CZK mil     365 21.2 -794 -12.3 65.6   ...
Capital Employed CZK mil     3,940 3,616 3,857 3,833 3,489   ...
Net Debt/Equity     1.63 0.755 0.876 0.827 0.578   ...
Cost of Financing % ...   0.625 2.94 8.13 0.046 6.41   ...
cash flow Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015
cash flow                  
Net Profit CZK mil     315 431 18.9 128 -81.0   ...
Depreciation CZK mil     432 438 458 504 487   ...
Non-Cash Items CZK mil ...   93.8 -422 -466 800 566   ...
Change in Working Capital CZK mil ...   -142 344 815 -781 -77.9   ...
Total Cash From Operations CZK mil     699 792 826 651 895   ...
Capital Expenditures CZK mil     -397 33.3 -968 -746 -84.0   ...
Other Investments CZK mil     0 179 0 0 0   ...
Total Cash From Investing CZK mil     -397 213 -968 -746 -84.0   ...
Issuance Of Debt CZK mil ...   -221 -307 335 -81.3 489   ...
Total Cash From Financing CZK mil     -114 -352 230 2.68 234   ...
Net Change In Cash CZK mil     188 652 87.9 -93.0 1,045   ...
ratios                  
Days Sales Outstanding days     77.2 46.9 55.2 29.5 37.6   ...
Days Sales Of Inventory days     52.7 17.7 15.2 14.0 9.41   ...
Days Payable Outstanding days     117 72.7 107 46.3 48.2   ...
Cash Conversion Cycle days     12.6 -8.19 -36.7 -2.88 -1.15   ...
Cash Earnings CZK mil     747 870 477 632 406   ...
Free Cash Flow CZK mil     302 1,004 -143 -95.7 811   ...
other data Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015
other data                  
ROA %     5.95 7.16 0.265 1.73 -1.13   ...
Gross Margin %     20.3 16.4 10.6 7.92 7.35   ...
Employees     1,116 1,441 1,516 1,518 1,430   ...
Cost Per Employee USD per month     1,341 1,552 1,734 1,680 1,757   ...
Cost Per Employee (Local Currency) CZK per month     25,553 29,651 30,674 32,863 34,378   ...
Staff Cost (As % Of Total Cost) %     7.10 5.84 5.31 4.25 4.22   ...
Effective Tax Rate %     7.81 19.8 48.3 20.7 11.9   ...
Domestic Sales CZK mil     2,298 3,938 4,508 5,887 5,577   ...
Capital Expenditures (As % of Sales) %     7.65 -0.354 9.00 5.24 0.597   ...
Revenues From Abroad CZK mil     2,922 5,389 6,263 8,373 8,501   ...
Revenues From Abroad (As % Of Total) %     56.4 57.3 58.2 58.8 60.4   ...

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Sungwoo Hitech s.r.o. is a Czech Republic-based subsidiary of Sungwoo Hitech Group. The Company manufactures and distributes auto body parts, stampings, and components. The Company supplies some of the world's largest car producers such as GM, Hyundai, KIA, Daimler, Volkswagen, Renault, or Nissan. Sungwoo Hitech s.r.o. was founded in 2005 and is based in Ostrava Hrabova, Czech Republic.

Finance

Sungwoo Hitech Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 100% a year during that time to total of in 2015, or of sales. That’s compared to 5.19% average margin seen in last five years.

The company netted in 2015 implying ROE of and ROCE of . Again, the average figures were 2.66% and 1.46%, respectively when looking at the previous 5 years.

Sungwoo Hitech Czech Republic’s net debt amounted to at the end of 2015, or of equity. When compared to EBITDA, net debt was x, down when compared to average of 2.04x seen in the last 5 years.