TPCA Czech Republic

TPCA CR's net profit fell 18.0% to CZK 255 mil in 2017

By Helgi Analytics - November 05, 2019

TPCA Czech Republic made a net profit of CZK 255 mil in 2017, down 18.0% when compared to the last year. Total sales reached CZK 36,...

TPCA CR's Net Margin fell 7.54% yoy to 0.701% in 2017

By Helgi Analytics - November 05, 2019

TPCA Czech Republic made a net profit of CZK 255 mil under revenues of CZK 36,427 mil in 2017, down 18% and -11.4%, respectively,...

TPCA CR's Net Debt/EBITDA fell 32.4% to -1.11 in 2017

By Helgi Analytics - November 05, 2019

TPCA Czech Republic's net debt reached CZK -1,842 mil and accounted for -31.4% of equity at the end of 2017. The ratio is down 17.5% ...

Profit Statement 2015 2016 2017
Sales CZK mil 41,969 41,098 36,427
Gross Profit CZK mil 3,611 3,591 3,260
EBITDA CZK mil 2,032 1,995 1,652
EBIT CZK mil 418 392 294
Financing Cost CZK mil 25.8 8.13 -46.6
Pre-Tax Profit CZK mil 392 384 340
Net Profit CZK mil 267 311 255
Dividends CZK mil 1,529 678 ...
Balance Sheet 2015 2016 2017
Total Assets CZK mil 16,836 13,598 13,200
Non-Current Assets CZK mil 9,461 8,097 7,107
Current Assets CZK mil 6,136 4,488 5,324
Working Capital CZK mil -3,005 -2,853 -2,038
Shareholders' Equity CZK mil 7,515 6,297 5,874
Liabilities CZK mil 9,321 7,301 7,326
Total Debt CZK mil 0 0 0
Net Debt CZK mil -1,893 -1,679 -1,842
Ratios 2015 2016 2017
ROE % 3.54 4.51 4.19
ROCE % 4.07 5.32 4.95
Gross Margin % 8.60 8.74 8.95
EBITDA Margin % 4.84 4.85 4.53
EBIT Margin % 0.995 0.954 0.806
Net Margin % 0.637 0.758 0.701
Net Debt/EBITDA -0.931 -0.842 -1.11
Net Debt/Equity % -25.2 -26.7 -31.4
Cost of Financing % 2.59 ... ...
Cash Flow 2015 2016 2017
Total Cash From Operations CZK mil 922 1,564 1,159
Total Cash From Investing CZK mil -364 -248 -319
Total Cash From Financing CZK mil -2,348 -1,529 -678
Net Change In Cash CZK mil -1,791 -213 162
Cash Conversion Cycle days -31.5 -29.7 -25.4
Cash Earnings CZK mil 1,882 1,915 1,613
Free Cash Flow CZK mil 557 1,316 840

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summary Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                
Sales CZK mil                   39,768 34,210 30,269 39,825 41,969    
Gross Profit CZK mil                   3,238 3,299 2,877 3,499 3,611    
EBIT CZK mil                   398 275 198 463 418    
Net Profit CZK mil                   573 238 170 370 267    
ROE %                   8.10 3.36 2.38 4.99 3.54    
EBIT Margin % ...   ...             1.00 0.804 0.655 1.16 0.995    
Net Margin % ...   ...             1.44 0.696 0.561 0.929 0.637    
Employees ...                 2,846 2,535 2,188 2,528 2,559    
balance sheet                                
Total Assets CZK mil                   15,658 16,568 21,217 21,127 16,836    
Non-Current Assets CZK mil                   8,842 8,467 11,796 11,070 9,461    
Current Assets CZK mil                   6,812 8,031 9,399 8,590 6,136    
Shareholders' Equity CZK mil                   7,094 7,059 7,229 7,599 7,515    
Liabilities CZK mil                   8,564 9,509 13,989 13,528 9,321    
Non-Current Liabilities CZK mil ... ...   ... ... ... ... ...   ... 1,207 73.8 69.2 191    
Current Liabilities CZK mil                   7,491 6,704 11,249 11,405 9,099    
Net Debt/EBITDA                   0.613 -0.237 0.563 -0.817 -0.931    
Net Debt/Equity %                   14.6 -6.08 13.7 -22.2 -25.2    
Cost of Financing % ... ...               1.46 -3.43 -3.86 4.16 2.59 ... ...
cash flow                                
Total Cash From Operations CZK mil                   2,417 1,335 2,063 6,230 922    
Total Cash From Investing CZK mil                   -310 -1,109 -1,973 -3,554 -364    
Total Cash From Financing CZK mil                   -2,117 1,687 -384 -637 -2,348    
Net Change In Cash CZK mil                   -10.0 1,913 -294 2,039 -1,791    
income statement Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                
Sales CZK mil                   39,768 34,210 30,269 39,825 41,969    
Cost of Goods & Services CZK mil                   36,530 30,911 27,392 36,326 38,359    
Gross Profit CZK mil                   3,238 3,299 2,877 3,499 3,611    
Staff Cost CZK mil                   1,749 1,708 1,502 1,674 1,650    
Other Cost CZK mil                   -195 -220 -380 -240 -72.0    
EBITDA CZK mil                   1,684 1,811 1,755 2,065 2,032    
Depreciation CZK mil                   1,286 1,536 1,557 1,602 1,614    
EBIT CZK mil                   398 275 198 463 418    
Financing Cost CZK mil                   27.0 -44.0 -79.8 96.2 25.8    
Extraordinary Cost CZK mil                   0 0 0 0 0    
Pre-Tax Profit CZK mil                   371 319 278 367 392    
Tax CZK mil                   -203 81.0 108 -3.57 125    
Minorities CZK mil                   0 0 0 0 0    
Net Profit CZK mil                   573 238 170 370 267    
Dividends CZK mil ... ... ... ... ... ... ...     272 ... ... ... 1,529   ...
growth rates                                
Total Revenue Growth % ... ...   ...           -11.1 -14.0 -11.5 31.6 5.38    
Operating Cost Growth % ...                 -7.33 -4.25 -24.6 27.9 10.1    
EBITDA Growth % ...                 -38.6 7.54 -3.10 17.7 -1.58    
EBIT Growth % ...                 -71.3 -30.9 -27.9 133 -9.72    
Pre-Tax Profit Growth % ... ...               -73.2 -14.0 -12.8 31.8 6.93    
Net Profit Growth % ...                 -49.5 -58.5 -28.7 118 -27.8    
ratios                                
ROE %                   8.10 3.36 2.38 4.99 3.54    
ROCE % ... ...               5.56 2.46 1.48 3.69 4.07    
Gross Margin % ...   ...             8.14 9.64 9.50 8.79 8.60    
EBITDA Margin % ...   ...             4.23 5.29 5.80 5.18 4.84    
EBIT Margin % ...   ...             1.00 0.804 0.655 1.16 0.995    
Net Margin % ...   ...             1.44 0.696 0.561 0.929 0.637    
Payout Ratio % ... ... ... ... ... ... ...     47.5 ... ... ... 572   ...
Cost of Financing % ... ...               1.46 -3.43 -3.86 4.16 2.59 ... ...
Net Debt/EBITDA                   0.613 -0.237 0.563 -0.817 -0.931    
balance sheet Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                
Non-Current Assets CZK mil                   8,842 8,467 11,796 11,070 9,461    
Property, Plant & Equipment CZK mil                   8,821 8,402 10,572 11,321 9,014    
Intangible Assets CZK mil ...                 22.0 65.0 476 498 447    
Current Assets CZK mil                   6,812 8,031 9,399 8,590 6,136    
Inventories CZK mil ...                 416 482 418 443 474    
Receivables CZK mil ...                 6,118 5,476 6,646 4,110 3,563    
Cash & Cash Equivalents CZK mil                   25.0 1,938 1,644 3,683 1,893    
Total Assets CZK mil                   15,658 16,568 21,217 21,127 16,836    
Shareholders' Equity CZK mil                   7,094 7,059 7,229 7,599 7,515    
Of Which Minority Interest CZK mil                   0 0 0 0 0    
Liabilities CZK mil                   8,564 9,509 13,989 13,528 9,321    
Non-Current Liabilities CZK mil ... ...   ... ... ... ... ...   ... 1,207 73.8 69.2 191    
Long-Term Debt CZK mil                   0 1,207 1,975 0 0    
Deferred Tax Liabilities CZK mil ... ... ... ... ... ... ... ...   ... ... 73.8 69.2 191    
Current Liabilities CZK mil                   7,491 6,704 11,249 11,405 9,099    
Short-Term Debt CZK mil                   1,058 302 658 1,996 0    
Trade Payables CZK mil                   5,600 4,890 5,482 8,950 7,042    
Provisions CZK mil                   15.0 90.0 32.5 57.1 31.2    
Equity And Liabilities CZK mil                   15,658 16,568 21,217 21,127 16,836    
growth rates                                
Total Asset Growth % ...                 -4.70 5.81 28.1 -0.427 -20.3    
Shareholders' Equity Growth % ...                 0.496 -0.493 2.41 5.12 -1.11    
Net Debt Growth % ...                 -60.3 -142 -330 -271 12.2    
Total Debt Growth % ... ... ...             -59.9 42.6 74.5 -24.2 -100 ... ...
ratios                                
Total Debt CZK mil                   1,058 1,509 2,633 1,996 0    
Net Debt CZK mil                   1,033 -429 989 -1,687 -1,893    
Working Capital CZK mil ...                 934 1,068 1,582 -4,397 -3,005    
Capital Employed CZK mil ...                 9,776 9,535 13,379 6,673 6,456    
Net Debt/Equity %                   14.6 -6.08 13.7 -22.2 -25.2    
Cost of Financing % ... ...               1.46 -3.43 -3.86 4.16 2.59 ... ...
cash flow Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
cash flow                                
Net Profit CZK mil                   573 238 170 370 267    
Depreciation CZK mil                   1,286 1,536 1,557 1,602 1,614    
Non-Cash Items CZK mil ... ...               351 -305 851 -1,722 432    
Change in Working Capital CZK mil ... ...               207 -134 -514 5,980 -1,392    
Total Cash From Operations CZK mil                   2,417 1,335 2,063 6,230 922    
Capital Expenditures CZK mil                   -310 -1,109 -1,979 -3,561 -382    
Other Investments CZK mil                   0 0 6.10 7.05 17.6    
Total Cash From Investing CZK mil                   -310 -1,109 -1,973 -3,554 -364    
Dividends Paid CZK mil ... ... ... ... ... ... ...     -272 ... ... ... -1,529    
Issuance Of Debt CZK mil ...                 -1,578 451 1,124 -637 -1,996    
Total Cash From Financing CZK mil                   -2,117 1,687 -384 -637 -2,348    
Net Change In Cash CZK mil                   -10.0 1,913 -294 2,039 -1,791    
ratios                                
Days Sales Outstanding days ...   ...             56.2 58.4 80.1 37.7 31.0    
Days Sales Of Inventory days ...                 4.16 5.69 5.58 4.45 4.51    
Days Payable Outstanding days                   56.0 57.7 73.0 89.9 67.0    
Cash Conversion Cycle days ...   ...             4.36 6.38 12.7 -47.8 -31.5    
Cash Earnings CZK mil                   1,859 1,774 1,726 1,972 1,882    
Free Cash Flow CZK mil                   2,107 226 90.2 2,676 557    
other data Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                
ROA %                   3.57 1.48 0.899 1.75 1.41    
Gross Margin % ...   ...             8.14 9.64 9.50 8.79 8.60    
Employees ...                 2,846 2,535 2,188 2,528 2,559    
Cost Per Employee USD per month ...                 2,896 2,871 2,923 2,582 ... ... ...
Cost Per Employee (Local Currency) CZK per month ...                 51,212 56,147 57,194 55,184 53,747    
Staff Cost (As % Of Total Cost) %                   4.44 5.03 4.99 4.25 3.97    
Effective Tax Rate % ...                 -54.7 25.4 38.9 -0.975 31.8    
Capital Expenditures (As % of Sales) % ...   ...             0.780 3.24 6.54 8.94 0.910    
Revenues From Abroad (As % Of Total) % ... ... ...             99.7 99.5 99.6 99.7 99.8    
Production of Cars vehicles ... ... ...             270,705 214,915 185,127 203,105 219,054    
Sales of Vehicles vehicles ... ... ...             270,705 214,915 185,127 203,105 219,054    
Sales of Cars in the Czech Republic vehicles ... ... ...             909 1,180 764 518 516    
Sales of Aygo in the Czech Republic vehicles ... ... ...             249 517 231 206 292    
Sales of 107 in the Czech Republic vehicles ... ... ...             366 200 148 152 110    
Sales of C1 in the Czech Republic vehicles ... ... ...             294 463 385 160 114    
Domestic Sales of Cars (As % Of Total) vehicles ... ... ...             0.003 0.005 0.004 0.003 0.002    
Sales of Citroen vehicles ... ... ...             88,683 65,834 58,469 64,666 60,631    
Sales of Toyota vehicles ... ... ...             90,687 74,190 69,386 72,495 91,199    
Sales of Peugeot vehicles ... ... ...             91,335 74,891 57,272 65,944 67,224    
Sales of Cars in France vehicles ... ... ... ...           50,605 31,665 28,546 33,779 38,670    
Sales of Cars in Italy vehicles ... ... ... ...           32,884 22,046 21,067 20,067 28,664    
Sales of Cars in Germany vehicles ... ... ... ...           26,457 21,257 16,312 19,329 24,598    
Sales of Cars in Netherland vehicles ... ... ... ...           47,081 23,212 25,080 19,088 18,030    
Sales of Cars in the UK vehicles ... ... ... ...           46,005 46,251 51,106 52,258 63,126    
Sales of Cars in Other Countries vehicles ... ... ... ...           67,673 61,384 43,016 58,584 45,966    
Price Per Vehicle Sold CZK ... ... ...             146,905 159,179 163,502 196,081 191,594    
EBIT Per Vehicle Sold CZK ... ... ...             1,470 1,280 1,071 2,278 1,907    
Net Profit Per Vehicle Sold CZK ... ... ...             2,117 1,107 917 1,822 1,221    
Price Per Vehicle Sold (USD) USD ... ... ...             8,306 8,138 8,357 9,175 ... ... ...
EBIT Per Vehicle Sold (USD) USD ... ... ...             83.1 65.4 54.7 107 ... ... ...
Net Profit Per Vehicle Sold (USD) USD ... ... ...             120 56.6 46.9 85.3 ... ... ...

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TPCA CR's Total Cash From Operations fell 25.9% to CZK 1,159 mil in 2017

By Helgi Analytics - November 05, 2019

TPCA Czech Republic's operating cash flow reached CZK 1,159 mil in 2017, down 25.9% when compared to the previous year. Historically, the firm’s operating cash flow reached an all time high of CZK 6,230 mil in 2014 and an all time low of CZK -860 mil in 2003. ...

TPCA CR's ROCE fell 7.02% to 4.95% in 2017

By Helgi Analytics - November 05, 2019

TPCA Czech Republic made a net profit of CZK 255 mil in 2017, down 18.0% when compared to the previous year. Historically, company's net profit reached an all time high of CZK 1,455 mil in 2008 and an all time low of CZK -2,177 mil in 2005. This implies return on ...

TPCA CR's Capital Expenditures rose 31.6% to CZK 327 mil in 2017

By Helgi Analytics - November 05, 2019

TPCA Czech Republic invested total of CZK 327 mil in 2017, up 31.6% when compared to the previous year. Historically, company's investments reached an all time high of CZK 4,080 mil in 2003 and an all time low of CZK 164 mil in 2010. When compared to to...

TPCA CR's Cash & Cash Equivalents rose 9.65% to CZK 1,842 mil in 2017

By Helgi Analytics - November 05, 2019

TPCA Czech Republic's total assets reached CZK 13,200 mil at the end of 2017, up 8.14% when compared to the previous year. Current assets amounted to CZK 5,324 mil, or 40.3% of total assets while cash reached CZK 1,842 mil at the end of 2017. On the other hand, total debt ...

TPCA CR's employees rose 15.5% to 2,528 in 2014

By Helgi Analytics - November 05, 2019

TPCA Czech Republic employed 2,528 persons in 2014, up 15.5% when compared to the previous year. Historically, the firm's workforce hit an all time high of 3,336 in 2008 and an all time low of 68.0 in 2003. Average cost reached USD 2,582 per month per employee per...

More News

Toyota Peugeot Citroën Automobile (TPCA) is a joint- venture of Toyota Motor Corporation and PSA Peugeot Citroën built in 2002 in Kolín in the Czech Republic. Production started in February 2005 and already in following year reached the planned annual capacity of 300,000 cars. Currently in TPCA work 2,400 employees. It manufactures small Toyota, Peugeot and Citroën models for a sale mainly on the European market. Some 99% of the production is exported, mainly to the Netherlands, France and Italy. The three cars the company manufactures are, in essence, the same - these are the Citroën C1, Peugeot 107 and Toyota Aygo. As seen from the charts, the company has been getting under an increasing pressure from a cheaper competition. Production and sales of its cars as well as its market share on the key markets have declined in between 2010-2013, a trend only broken in 2014 with a launch of new models.

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