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AAA Auto

AAA's Cash & Cash Equivalents rose 30.9% yoy to CZK 115 mil in 2017

By Helgi Library - April 2, 2020

AAA Auto's total assets reached CZK 7,932 mil at the end of 2017, up 0.109% compared to the previous year. Current...

AAA's Cash & Cash Equivalents rose 30.9% yoy to CZK 115 mil in 2017

By Helgi Library - April 2, 2020

AAA Auto's total assets reached CZK 7,932 mil at the end of 2017, up 0.109% compared to the previous year. Current...

AAA's Share Price remain unchanged at CZK in

By Helgi Library - July 16, 2018

AAA Auto stock traded at per share at the end implying a market capitalization of. Since the end of 1965-01-01, the stock has...

Profit Statement 2015 2016 2017
Sales CZK mil 7,023 9,285 10,489
Gross Profit CZK mil 485 1,303 1,615
EBITDA CZK mil 306 460 661
EBIT CZK mil -166 -36.8 122
Financing Cost CZK mil -1,280 99.1 -321
Pre-Tax Profit CZK mil 1,114 -136 443
Net Profit CZK mil 1,128 -123 430
Balance Sheet 2015 2016 2017
Total Assets CZK mil 8,135 7,923 7,932
Non-Current Assets CZK mil 6,480 6,188 5,910
Current Assets CZK mil 1,590 1,690 1,981
Working Capital CZK mil 1,204 1,514 1,766
Shareholders' Equity CZK mil 4,287 4,151 4,569
Liabilities CZK mil 3,848 3,772 3,363
Total Debt CZK mil 2,054 1,844 1,783
Net Debt CZK mil 1,982 1,756 1,668
Ratios 2015 2016 2017
ROE % 30.3 -2.92 9.85
ROCE % 14.8 -1.60 5.59
Gross Margin % 6.90 14.0 15.4
EBITDA Margin % 4.35 4.96 6.30
EBIT Margin % -2.36 -0.397 1.16
Net Margin % 16.1 -1.33 4.10
Net Debt/EBITDA 6.48 3.81 2.52
Net Debt/Equity % 46.2 42.3 36.5
Cost of Financing % -53.3 5.09 -17.7
Valuation 2015 2016 2017
Market Capitalisation USD mil ... ... ...
Enterprise Value (EV) USD mil ... ... ...
Number Of Shares mil ... ... ...
Share Price CZK ... ... ...
EV/EBITDA ... ... ...
EV/Sales ... ... ...
Price/Earnings (P/E) ... ... ...
Price/Book Value (P/BV) ... ... ...

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summary Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                            
Sales CZK mil               6,793 8,442 10,374 8,698 7,023    
Gross Profit CZK mil               1,758 2,330 2,694 1,589 485    
EBIT CZK mil               457 684 924 379 -166    
Net Profit CZK mil               254 560 693 910 1,128    
ROE %               49.7 61.1 47.7 15.5 30.3    
EBIT Margin %               6.72 8.10 8.90 4.35 -2.36    
Net Margin %               3.74 6.63 6.68 4.35 16.1    
Employees               1,536 1,538 1,699 1,300 1,093    
balance sheet                            
Total Assets CZK mil               2,144 2,393 2,863 8,088 8,135    
Non-Current Assets CZK mil               1,010 1,048 1,018 6,283 6,480    
Current Assets CZK mil               1,133 1,345 1,845 1,697 1,590    
Shareholders' Equity CZK mil               657 1,176 1,726 3,161 4,287    
Liabilities CZK mil               1,487 1,217 1,137 4,926 3,848    
Non-Current Liabilities CZK mil               670 324 250 1,817 1,325    
Current Liabilities CZK mil               815 891 887 832 489    
Net Debt/EBITDA               1.67 0.734 0.295 3.97 6.48    
Net Debt/Equity %               138 46.4 17.0 81.6 46.2    
Cost of Financing % ...             10.6 -0.988 7.29 0 -53.3    
cash flow                            
Total Cash From Operations CZK mil               165 417 432 336 240    
Total Cash From Investing CZK mil               -71.8 -69.5 -96.5 -113 -130    
Total Cash From Financing CZK mil               -55.1 -336 -109 -187 -266    
Net Change In Cash CZK mil               38.3 11.2 227 35.7 -155    
valuation                            
Market Capitalisation USD mil               73.4 109 93.4 80.8 ... ... ...
Number Of Shares mil               67.8 67.8 67.8 67.8 ... ... ...
Share Price CZK               21.4 30.6 27.3 27.3 ... ... ...
Earnings Per Share (EPS) CZK               3.75 8.26 10.2 5.59 ... ... ...
Book Value Per Share CZK               9.70 17.4 25.5 46.7 ... ... ...
Price/Earnings (P/E)               5.70 3.70 2.67 4.89 ... ... ...
Price/Book Value (P/BV)               2.21 1.76 1.07 0.586 ... ... ...
Earnings Per Share Growth % ...             96.7 120 23.7 -45.3 ... ... ...
Book Value Per Share Growth % ...             79.6 78.9 46.8 83.1 ... ... ...
income statement Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                            
Sales CZK mil               6,793 8,442 10,374 8,698 7,023    
Cost of Goods & Services CZK mil               5,034 6,112 7,680 7,109 6,538    
Gross Profit CZK mil               1,758 2,330 2,694 1,589 485    
Staff Cost CZK mil               652 935 975 890 805    
Other Cost CZK mil               566 652 724 48.7 -626    
EBITDA CZK mil               541 743 995 651 306    
Depreciation CZK mil               84.0 59.9 71.9 272 472    
EBIT CZK mil               457 684 924 379 -166    
Financing Cost CZK mil               112 -8.50 48.4 0 -1,280    
Extraordinary Cost CZK mil               0 0 0 0 0    
Pre-Tax Profit CZK mil               345 692 875 379 1,114    
Tax CZK mil               90.3 132 182 0 -14.3    
Minorities CZK mil               0 0 0 0 0    
Net Profit CZK mil               254 560 693 910 1,128    
growth rates                            
Total Revenue Growth % ...             31.0 24.3 22.9 -16.2 -19.3    
Operating Cost Growth % ...             22.0 30.3 7.04 -44.7 -80.9    
EBITDA Growth % ...             59.7 37.5 33.9 -34.6 -53.0    
EBIT Growth % ...             91.5 49.7 35.1 -59.0 -144    
Pre-Tax Profit Growth % ...             98.5 101 26.5 -56.7 194    
Net Profit Growth % ...             96.7 120 23.7 -45.3 198    
ratios                            
ROE %               49.7 61.1 47.7 15.5 30.3    
ROCE % ...             15.5 29.7 33.0 7.75 14.8    
Gross Margin %               25.9 27.6 26.0 18.3 6.90    
EBITDA Margin %               7.96 8.81 9.59 7.48 4.35    
EBIT Margin %               6.72 8.10 8.90 4.35 -2.36    
Net Margin %               3.74 6.63 6.68 4.35 16.1    
Cost of Financing % ...             10.6 -0.988 7.29 0 -53.3    
Net Debt/EBITDA               1.67 0.734 0.295 3.97 6.48    
balance sheet Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                            
Non-Current Assets CZK mil               1,010 1,048 1,018 6,283 6,480    
Property, Plant & Equipment CZK mil               1,000 1,020 997 6,283 8,135    
Intangible Assets CZK mil               3.82 16.7 5.66 82.1 59.1    
Goodwill CZK mil ... ... ... ... ... ... ... ... ... ... 0 0    
Current Assets CZK mil               1,133 1,345 1,845 1,697 1,590    
Inventories CZK mil               738 960 1,135 899 1,022    
Receivables CZK mil               204 205 249 504 286    
Cash & Cash Equivalents CZK mil               131 139 350 171 72.4    
Total Assets CZK mil               2,144 2,393 2,863 8,088 8,135    
Shareholders' Equity CZK mil               657 1,176 1,726 3,161 4,287    
Of Which Minority Interest CZK mil               0 0 0 0 0    
Liabilities CZK mil               1,487 1,217 1,137 4,926 3,848    
Non-Current Liabilities CZK mil               670 324 250 1,817 1,325    
Long-Term Debt CZK mil               670 324 235 1,849 1,644    
Deferred Tax Liabilities CZK mil               1.58 1.46 15.4 1,057 985    
Current Liabilities CZK mil               815 891 887 832 489    
Short-Term Debt CZK mil               365 360 409 902 410    
Trade Payables CZK mil               210 187 231 83.9 104    
Provisions CZK mil               77.5 78.9 64.8 43.1 18.6    
Equity And Liabilities CZK mil               2,144 2,393 2,863 8,088 8,135    
growth rates                            
Total Asset Growth % ...             4.98 11.6 19.7 182 0.580    
Shareholders' Equity Growth % ...             79.6 78.9 46.8 83.1 35.6    
Net Debt Growth % ...             -8.60 -39.7 -46.1 778 -23.2    
Total Debt Growth % ...             -4.30 -33.9 -5.89 327 -25.3    
ratios                            
Total Debt CZK mil               1,035 684 644 2,751 2,054    
Net Debt CZK mil               904 545 294 2,580 1,982    
Working Capital CZK mil               732 979 1,153 1,319 1,204    
Capital Employed CZK mil               1,742 2,026 2,171 7,602 7,684    
Net Debt/Equity %               138 46.4 17.0 81.6 46.2    
Cost of Financing % ...             10.6 -0.988 7.29 0 -53.3    
cash flow Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
cash flow                            
Net Profit CZK mil               254 560 693 910 1,128    
Depreciation CZK mil               84.0 59.9 71.9 272 472    
Non-Cash Items CZK mil ...             -24.2 44.3 -158 -816 -1,474    
Change in Working Capital CZK mil ...             -149 -247 -175 -29.7 115    
Total Cash From Operations CZK mil               165 417 432 336 240    
Capital Expenditures CZK mil               -71.8 -69.5 -106 -122 -137    
Other Investments CZK mil               0 0 9.71 8.34 6.98    
Total Cash From Investing CZK mil               -71.8 -69.5 -96.5 -113 -130    
Issuance Of Shares CZK mil ... ... ... ... ... ... ... ... ... ... 0 0    
Issuance Of Debt CZK mil ...             -46.6 -351 -40.3 -369 -697    
Total Cash From Financing CZK mil               -55.1 -336 -109 -187 -266    
Net Change In Cash CZK mil               38.3 11.2 227 35.7 -155    
ratios                            
Days Sales Outstanding days               11.0 8.87 8.77 21.1 14.9    
Days Sales Of Inventory days               53.5 57.3 54.0 46.1 57.0    
Days Payable Outstanding days               15.3 11.1 11.0 4.31 5.81    
Cash Conversion Cycle days               49.2 55.1 51.7 63.0 66.1    
Cash Earnings CZK mil               338 620 765 651 1,600    
Cash Earnings Per Share CZK               4.99 9.15 11.3 9.60 ... ... ...
Price/Cash Earnings (P/CE)               4.28 3.35 2.42 2.85 ... ... ...
Free Cash Flow CZK mil               93.4 347 336 223 110    
Free Cash Flow Yield %               7.19 16.3 18.4 12.9 ... ... ...
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                            
ROA %               12.2 24.7 26.4 6.92 13.9    
Gross Margin %               25.9 27.6 26.0 18.3 6.90    
Employees               1,536 1,538 1,699 1,300 1,093    
Cost Per Employee USD per month               2,000 2,589 2,444 2,670 2,572    
Cost Per Employee (Local Currency) CZK per month               35,365 50,643 47,824 57,061 61,395    
Staff Cost (As % Of Total Cost) %               10.3 12.0 10.3 10.7 11.2    
Effective Tax Rate %               26.2 19.1 20.8 0 -1.29    
Enterprise Value (EV) USD mil               119 138 108 193 ... ... ...
EV/EBITDA               3.90 3.62 2.13 6.35 ... ... ...
EV/Capital Employed               1.35 1.29 0.988 0.583 ... ... ...
EV/Sales               0.310 0.319 0.204 0.475 ... ... ...
EV/EBIT               4.62 3.94 2.29 10.9 ... ... ...
Domestic Sales CZK mil ... ... ... ... ... ... ... ... ... ... ... ...    
Capital Expenditures (As % of Sales) %               1.06 0.824 1.02 1.40 1.95    
Revenues From Abroad CZK mil ... ... ... ... ... ... ... ... ... ... ... ...    
Revenues From Abroad (As % Of Total) % ... ... ... ... ... ... ... ... ... ... ... ...    
Cars Sold in the Czech Republic cars               32,936 35,062 ... ... ... ... ...
Cars Sold in Hungary cars ... ...         ... ... ... ... ... ... ... ...
Cars Sold in Romania cars ...           ... ... ... ... ... ... ... ...
Cars Sold in Slovakia cars ...             11,592 14,211 ... ... ... ... ...
Cars Sold in Poland cars ... ...       ... ... ... ... ... ... ... ... ...
Cars Sold in Russia cars ... ... ... ... ... ... ... 300 2,091 ... ... ... ... ...
Cars Sold cars               44,828 51,364 56,646 63,606 ... ... ...
Branches in the Czech Republic ...               16.0 18.0 20.0 22.0 ... ... ...
Branches in Hungary ... ... ...       ... ... ... ... ... ... ... ... ...
Branches in Romania ... ...         ... ... ... ... ... ... ... ... ...
Branches in Slovakia ... ...             8.00 10.0 11.0 12.0 ... ... ...
Branches in Poland ... ... ...     ... ... ... ... ... ... ... ... ... ...
Branches in Russia ... ... ... ... ... ... ... ... 1.00 1.00 1.00 1.00 ... ... ...
Branches ...               25.0 29.0 32.0 36.0 ... ... ...
Price Per Vehicle Sold CZK               151,533 164,364 183,141 136,754 ... ... ...
EBIT Per Vehicle Sold CZK               10,185 13,308 16,303 5,955 ... ... ...
Net Profit Per Vehicle Sold CZK               5,673 10,901 12,230 5,955 ... ... ...
Price Per Vehicle Sold (USD) USD               8,568 8,403 9,361 6,399 ... ... ...
EBIT Per Vehicle Sold (USD) USD               576 680 833 279 ... ... ...
Net Profit Per Vehicle Sold (USD) USD               321 557 625 279 ... ... ...
Sales From Cars EUR mil ... ... ...         6,384 7,570 8,518 ... ... ... ...
Sales From Cars (As % Of Total) % ... ... ...         94.0 89.7 82.1 ... ... ... ...

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Dec 2013
Company Report

AAA's Share Price remain unchanged at CZK in

By Helgi Library - July 16, 2018

AAA Auto stock traded at per share at the end implying a market capitalization of. Since the end of 1965-01-01, the stock has depreciated by % implying an annual average growth of 0.000%. In absolute terms, the value of the company fell by USD 0.000 m...

More News

AAA Auto Group N.V. is privately owned used car dealer based in the Netherlands. The Company is the largest dealer in the Czech Republic and Slovakia. In the last two decades, the Company has sold over 1.3 million used cars. In 2012, more than 50,000 cars has been sold through more than 30 car centres in the Czech Republic, Slovakia and Russia. The company owns all cars it sells (appr. 8,300 in stock) and it takes the Company roughly 1.5 months to sell its car on average when offered. Following the financial crisis, AAA Auto decided to leave Hungarian, Romanian and Polish markets, but a re-entry on the Hungarian market is expected soon. In between 2007-2013, AAA Auto has been listed on the Prague and Budapest Stock Exchanges.

Finance

AAA Auto has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 2.33% a year during that time to total of CZK 661 mil in 2017, or 6.30% of sales. That’s compared to 6.54% average margin seen in last five years.

The company netted CZK 430 mil in 2017 implying ROE of 9.85% and ROCE of 5.59%. Again, the average figures were 20.1% and 11.9%, respectively when looking at the previous 5 years.

AAA Auto’s net debt amounted to CZK 1,668 mil at the end of 2017, or 36.5% of equity. When compared to EBITDA, net debt was 2.52x, down when compared to average of 3.42x seen in the last 5 years.

Valuation

AAA Auto stock traded at per share at the end of 2017 resulting in a market capitalization of . Over the previous five years, stock price grew by 0% or % a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of x and price to earnings (PE) of x as of 2017.