By Helgi Analytics - April 2, 2020
UPC Czech Republic's total assets reached CZK 3,778 mil at the end of 2017, down 10% compared to the previous year. ...
| Profit Statement | 2015 | 2016 | 2017 | |
| Sales | 3,886 | 3,955 | 4,313 | |
| Gross Profit | CZK mil | 1,358 | 1,200 | 1,111 |
| EBITDA | 823 | 700 | 651 | |
| EBIT | -7.37 | -218 | -220 | |
| Financing Cost | CZK mil | 137 | 88.7 | 63.4 |
| Pre-Tax Profit | CZK mil | -144 | -307 | -283 |
| Net Profit | CZK mil | -117 | -251 | -224 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Total Assets | CZK mil | 4,271 | 4,199 | 3,778 |
| Non-Current Assets | CZK mil | 3,763 | 3,458 | 3,062 |
| Current Assets | CZK mil | 411 | 643 | 630 |
| Working Capital | CZK mil | -285 | 126 | -35.2 |
| Shareholders' Equity | CZK mil | 927 | 697 | 537 |
| Liabilities | CZK mil | 3,344 | 3,502 | 3,241 |
| Total Debt | CZK mil | 1,742 | 1,556 | 980 |
| Net Debt | CZK mil | 1,728 | 1,529 | 876 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | -11.8 | -30.9 | -36.2 |
| ROCE | % | -3.22 | -7.09 | -6.76 |
| Gross Margin | % | 34.9 | 30.3 | 25.8 |
| EBITDA Margin | % | 21.2 | 17.7 | 15.1 |
| EBIT Margin | % | -0.190 | -5.51 | -5.10 |
| Net Margin | % | -3.01 | -6.33 | -5.18 |
| Net Debt/EBITDA | 2.10 | 2.18 | 1.35 | |
| Net Debt/Equity | % | 186 | 220 | 163 |
| Cost of Financing | % | 7.63 | 5.38 | 5.00 |
| Cash Flow | 2015 | 2016 | 2017 | |
| Total Cash From Operations | CZK mil | ... | 871 | 1,125 |
| Total Cash From Investing | CZK mil | ... | -558 | -406 |
| Total Cash From Financing | CZK mil | ... | -300 | -642 |
| Net Change In Cash | CZK mil | ... | 12.9 | 77.3 |
| Cash Conversion Cycle | days | -46.0 | -1.96 | -15.8 |
| Cash Earnings | CZK mil | 713 | 668 | 648 |
| Free Cash Flow | CZK mil | ... | 313 | 719 |
Get all company financials in excel:
| summary | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||||||||
| Sales | 4,508 | 4,383 | 4,282 | 3,657 | 3,886 | |||||||||||||
| Gross Profit | CZK mil | 2,603 | 2,572 | 2,464 | 1,533 | 1,358 | ||||||||||||
| EBIT | 363 | 520 | 362 | 378 | -7.37 | |||||||||||||
| Net Profit | CZK mil | -136 | -2.00 | -84.2 | 245 | -117 | ||||||||||||
| ROE | % | -5.30 | -0.078 | -5.04 | 27.3 | -11.8 | ||||||||||||
| EBIT Margin | % | 8.05 | 11.9 | 8.45 | 10.3 | -0.190 | ||||||||||||
| Net Margin | % | -3.02 | -0.046 | -1.97 | 6.70 | -3.01 | ||||||||||||
| Employees | 661 | 917 | 985 | 963 | 992 | |||||||||||||
| balance sheet | ||||||||||||||||||
| Total Assets | CZK mil | 11,911 | 11,150 | 4,338 | 4,465 | 4,271 | ||||||||||||
| Non-Current Assets | CZK mil | 11,368 | 10,504 | 3,898 | 3,950 | 3,763 | ||||||||||||
| Current Assets | CZK mil | 435 | 595 | 338 | 424 | 411 | ||||||||||||
| Shareholders' Equity | CZK mil | 2,530 | 2,613 | 731 | 1,061 | 927 | ||||||||||||
| Liabilities | CZK mil | 9,381 | 8,537 | 3,607 | 3,404 | 3,344 | ||||||||||||
| Non-Current Liabilities | CZK mil | 8,425 | 7,360 | 6,456 | 2,302 | 2,135 | ||||||||||||
| Current Liabilities | CZK mil | 813 | 891 | 725 | 953 | 1,097 | ||||||||||||
| Net Debt/EBITDA | 3.52 | 3.24 | 1.22 | 1.75 | 2.10 | |||||||||||||
| Net Debt/Equity | % | 300 | 256 | 316 | 170 | 186 | ||||||||||||
| Cost of Financing | % | ... | 7.27 | 7.21 | 10.3 | 6.40 | 7.63 | |||||||||||
| cash flow | ||||||||||||||||||
| Total Cash From Operations | CZK mil | 1,077 | ... | ... | ... | ... | ||||||||||||
| Total Cash From Investing | CZK mil | -1,023 | ... | ... | ... | ... | ||||||||||||
| Total Cash From Financing | CZK mil | -112 | ... | ... | ... | ... | ||||||||||||
| Net Change In Cash | CZK mil | -58.0 | ... | ... | ... | ... |
| income statement | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||||||||
| Sales | 4,508 | 4,383 | 4,282 | 3,657 | 3,886 | |||||||||||||
| Cost of Goods & Services | CZK mil | 1,905 | 1,811 | 1,818 | 2,124 | 2,528 | ||||||||||||
| Gross Profit | CZK mil | 2,603 | 2,572 | 2,464 | 1,533 | 1,358 | ||||||||||||
| Staff Cost | CZK mil | 429 | 499 | 574 | 533 | 565 | ||||||||||||
| Other Cost | CZK mil | 21.0 | 13.0 | -3.58 | -30.6 | -29.4 | ||||||||||||
| EBITDA | 2,153 | 2,060 | 1,894 | 1,031 | 823 | |||||||||||||
| Depreciation | CZK mil | 1,790 | 1,540 | 1,532 | 653 | 830 | ||||||||||||
| EBIT | 363 | 520 | 362 | 378 | -7.37 | |||||||||||||
| Financing Cost | CZK mil | 542 | 520 | 467 | 133 | 137 | ||||||||||||
| Extraordinary Cost | CZK mil | -1.00 | 0 | -0.222 | -0.096 | -0.164 | ||||||||||||
| Pre-Tax Profit | CZK mil | -178 | 0 | -105 | 245 | -144 | ||||||||||||
| Tax | CZK mil | ... | ... | ... | ... | ... | -42.0 | 2.00 | -20.6 | 74.6 | -27.3 | |||||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||||||
| Net Profit | CZK mil | -136 | -2.00 | -84.2 | 245 | -117 | ||||||||||||
| growth rates | ||||||||||||||||||
| Total Revenue Growth | % | ... | -2.51 | -2.77 | -2.30 | -14.6 | 6.28 | |||||||||||
| Operating Cost Growth | % | ... | -53.5 | 13.8 | 11.4 | -12.0 | 6.63 | |||||||||||
| EBITDA Growth | % | ... | 33.2 | -4.32 | -8.08 | -45.6 | -20.2 | |||||||||||
| EBIT Growth | % | ... | 163 | 43.3 | -30.4 | 4.60 | -102 | |||||||||||
| Pre-Tax Profit Growth | % | ... | -36.2 | -100 | ... | -334 | -159 | |||||||||||
| Net Profit Growth | % | ... | -50.9 | -98.5 | 4,111 | -391 | -148 | |||||||||||
| ratios | ||||||||||||||||||
| ROE | % | -5.30 | -0.078 | -5.04 | 27.3 | -11.8 | ||||||||||||
| ROCE | % | ... | ... | -1.23 | -0.019 | -1.18 | 6.44 | -3.22 | ||||||||||
| Gross Margin | % | 57.7 | 58.7 | 57.5 | 41.9 | 34.9 | ||||||||||||
| EBITDA Margin | % | 47.8 | 47.0 | 44.2 | 28.2 | 21.2 | ||||||||||||
| EBIT Margin | % | 8.05 | 11.9 | 8.45 | 10.3 | -0.190 | ||||||||||||
| Net Margin | % | -3.02 | -0.046 | -1.97 | 6.70 | -3.01 | ||||||||||||
| Cost of Financing | % | ... | 7.27 | 7.21 | 10.3 | 6.40 | 7.63 | |||||||||||
| Net Debt/EBITDA | 3.52 | 3.24 | 1.22 | 1.75 | 2.10 |
| 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 | 11,368 | 10,504 | 3,898 | 3,950 | 3,763 | ||||||||||||
| Property, Plant & Equipment | CZK mil | 10,789 | 9,846 | 3,130 | 2,991 | 2,821 | ||||||||||||
| Intangible Assets | CZK mil | 25.0 | 20.0 | 23.4 | 54.4 | 54.4 | ||||||||||||
| Current Assets | CZK mil | 435 | 595 | 338 | 424 | 411 | ||||||||||||
| Inventories | CZK mil | 106 | 104 | 81.5 | 85.1 | 100 | ||||||||||||
| Receivables | CZK mil | 104 | 291 | 84.3 | 142 | 96.8 | ||||||||||||
| Cash & Cash Equivalents | CZK mil | 96.0 | 67.0 | 3.94 | 48.2 | 13.7 | ||||||||||||
| Total Assets | CZK mil | 11,911 | 11,150 | 4,338 | 4,465 | 4,271 | ||||||||||||
| Shareholders' Equity | CZK mil | 2,530 | 2,613 | 731 | 1,061 | 927 | ||||||||||||
| Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||||||
| Liabilities | CZK mil | 9,381 | 8,537 | 3,607 | 3,404 | 3,344 | ||||||||||||
| Non-Current Liabilities | CZK mil | 8,425 | 7,360 | 6,456 | 2,302 | 2,135 | ||||||||||||
| Long-Term Debt | CZK mil | 7,675 | 6,745 | 2,317 | 1,852 | 1,742 | ||||||||||||
| Deferred Tax Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | 718 | 592 | 453 | 443 | 390 | ||||||
| Current Liabilities | CZK mil | 813 | 891 | 725 | 953 | 1,097 | ||||||||||||
| Short-Term Debt | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||||||
| Trade Payables | CZK mil | ... | 444 | 489 | 251 | 380 | 482 | |||||||||||
| Provisions | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 113 | 22.2 | 64.3 | 14.6 | ||
| Equity And Liabilities | CZK mil | 11,911 | 11,150 | 4,338 | 4,465 | 4,271 | ||||||||||||
| growth rates | ||||||||||||||||||
| Total Asset Growth | % | ... | 0.830 | -6.39 | -61.1 | 2.92 | -4.35 | |||||||||||
| Shareholders' Equity Growth | % | ... | -2.69 | 3.28 | -72.0 | 45.2 | -12.7 | |||||||||||
| Net Debt Growth | % | ... | 5.50 | -11.9 | -65.4 | -22.0 | -4.17 | |||||||||||
| Total Debt Growth | % | ... | 5.95 | -12.1 | -65.7 | -20.1 | -5.92 | |||||||||||
| ratios | ||||||||||||||||||
| Total Debt | CZK mil | 7,675 | 6,745 | 2,317 | 1,852 | 1,742 | ||||||||||||
| Net Debt | CZK mil | 7,579 | 6,678 | 2,313 | 1,803 | 1,728 | ||||||||||||
| Working Capital | CZK mil | ... | -234 | -94.0 | -84.9 | -153 | -285 | |||||||||||
| Capital Employed | CZK mil | ... | 11,134 | 10,410 | 3,813 | 3,797 | 3,478 | |||||||||||
| Net Debt/Equity | % | 300 | 256 | 316 | 170 | 186 | ||||||||||||
| Cost of Financing | % | ... | 7.27 | 7.21 | 10.3 | 6.40 | 7.63 |
| 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 | -136 | -2.00 | -84.2 | 245 | -117 | ||||||||||||
| Depreciation | CZK mil | 1,790 | 1,540 | 1,532 | 653 | 830 | ||||||||||||
| Non-Cash Items | CZK mil | ... | ... | -267 | ... | ... | ... | ... | ||||||||||
| Change in Working Capital | CZK mil | ... | ... | -310 | ... | ... | ... | ... | ||||||||||
| Total Cash From Operations | CZK mil | 1,077 | ... | ... | ... | ... | ||||||||||||
| Capital Expenditures | CZK mil | -1,026 | ... | ... | ... | ... | ||||||||||||
| Other Investments | CZK mil | 3.00 | ... | ... | ... | ... | ||||||||||||
| Total Cash From Investing | CZK mil | -1,023 | ... | ... | ... | ... | ||||||||||||
| Issuance Of Shares | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Issuance Of Debt | CZK mil | ... | 431 | ... | ... | ... | ... | |||||||||||
| Total Cash From Financing | CZK mil | -112 | ... | ... | ... | ... | ||||||||||||
| Net Change In Cash | CZK mil | -58.0 | ... | ... | ... | ... | ||||||||||||
| ratios | ||||||||||||||||||
| Days Sales Outstanding | days | 8.42 | 24.2 | 7.18 | 14.2 | 9.09 | ||||||||||||
| Days Sales Of Inventory | days | 20.3 | 21.0 | 16.3 | 14.6 | 14.5 | ||||||||||||
| Days Payable Outstanding | days | ... | 85.1 | 98.6 | 50.3 | 65.3 | 69.6 | |||||||||||
| Cash Conversion Cycle | days | ... | -56.3 | -53.4 | -26.8 | -36.5 | -46.0 | |||||||||||
| Cash Earnings | CZK mil | 1,654 | 1,538 | 1,448 | 898 | 713 | ||||||||||||
| Free Cash Flow | CZK mil | 54.0 | ... | ... | ... | ... |
| other data | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | ||||||||||||||||||
| ROA | % | -1.15 | -0.017 | -1.09 | 5.57 | -2.68 | ||||||||||||
| Gross Margin | % | 57.7 | 58.7 | 57.5 | 41.9 | 34.9 | ||||||||||||
| Employees | 661 | 917 | 985 | 963 | 992 | |||||||||||||
| Cost Per Employee | USD per month | 3,058 | 2,318 | 2,481 | 2,156 | 1,988 | ||||||||||||
| Cost Per Employee (Local Currency) | CZK per month | 54,085 | 45,347 | 48,546 | 46,087 | 47,442 | ||||||||||||
| Staff Cost (As % Of Total Cost) | % | 10.3 | 12.9 | 14.6 | 16.2 | 14.5 | ||||||||||||
| Effective Tax Rate | % | ... | ... | ... | ... | ... | 23.6 | ... | 19.6 | 30.4 | 18.9 | |||||||
| Capital Expenditures (As % of Sales) | % | 22.8 | ... | ... | ... | ... | ||||||||||||
| Revenues From Abroad | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 24.3 | 23.3 | 30.8 | 63.1 | ||
| Revenues From Abroad (As % Of Total) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.555 | 0.545 | 0.842 | 1.62 | ||
| Sales of Cable TV Services | CZK mil | 1,987 | 1,817 | 1,685 | 1,371 | 1,389 | ||||||||||||
| Sales of Internet and Voice Services | CZK mil | 2,159 | 2,321 | 2,301 | 2,039 | 2,256 | ||||||||||||
| Cable TV (As % Of Sales) | % | 44.1 | 41.5 | 39.3 | 37.5 | 35.8 | ||||||||||||
| Internet and Voice (As % Of Sales) | % | 47.9 | 53.0 | 53.7 | 55.8 | 58.0 | ||||||||||||
| Clients | mil | ... | ... | ... | ... | ... | ... | ... | 1.09 | 1.07 | ... | ... | ... | ... | ... | |||
| TV Clients | mil | ... | ... | ... | ... | ... | ... | ... | 0.585 | 0.584 | ... | ... | ... | ... | ... | |||
| UPC Digital Clients | mil | ... | ... | ... | ... | ... | ... | ... | 0.422 | 0.406 | ... | ... | ... | ... | ... | |||
| UPC Analog Clients | mil | ... | ... | ... | ... | ... | ... | ... | 0.082 | 0.076 | ... | ... | ... | ... | ... | |||
| FreeSat Clients | mil | ... | ... | ... | ... | ... | ... | ... | 0.081 | 0.102 | ... | ... | ... | ... | ... |
Get all company financials in excel:
UPC Czech Republic is one of the largest provider of telecommunications services in the Czech Republic. It is owned by Liberty Global, which utilises its means of distribution to provide households and businesses with TV programmes, Internet and telephone services. Based in London, the UK, Liberty Global plc is an international telecommunications and television company formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom. In the Czech Republic, the company was established in 1991 under the name Cable Plus. It started as a supplier of analog television programmes and consequently it added Internet to its services in 2000 and telecommunications services in 2007. At the end of 2012, UPC Czech Republic had over 584,300 TV clients
UPC Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 20.6% a year during that time to total of 651 in 2017, or 15.1% of sales. That’s compared to 25.3% average margin seen in last five years.
The company netted CZK -224 mil in 2017 implying ROE of -36.2% and ROCE of -6.76%. Again, the average figures were -11.3% and -2.36%, respectively when looking at the previous 5 years.
UPC Czech Republic’s net debt amounted to CZK 876 mil at the end of 2017, or 163% of equity. When compared to EBITDA, net debt was 1.35x, down when compared to average of 1.72x seen in the last 5 years.
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