By Helgi Library - April 2, 2020
Adyan's total assets reached EUR 1,860 mil at the end of 2018, up 63.6% compared to the previous year. Current ass...
By Helgi Library - April 2, 2020
Adyan's total assets reached EUR 1,860 mil at the end of 2018, up 63.6% compared to the previous year. Current ass...
| Profit Statement | 2016 | 2017 | 2018 | |
| Sales | EUR mil | 659 | 1,012 | 1,653 |
| Gross Profit | EUR mil | 158 | 218 | 349 |
| EBITDA | EUR mil | 123 | 99.4 | 182 |
| EBIT | EUR mil | 119 | 93.5 | 173 |
| Financing Cost | EUR mil | 0 | 0 | 0 |
| Pre-Tax Profit | EUR mil | 120 | 92.2 | 165 |
| Net Profit | EUR mil | 97.2 | 71.3 | 131 |
| Dividends | EUR mil | 0 | 0 | 0 |
| Balance Sheet | 2016 | 2017 | 2018 | |
| Total Assets | EUR mil | 1,376 | 1,137 | 1,860 |
| Non-Current Assets | EUR mil | 43.9 | 54.9 | 208 |
| Current Assets | EUR mil | 1,332 | 1,082 | 1,652 |
| Working Capital | EUR mil | -1,039 | -709 | 13.6 |
| Shareholders' Equity | EUR mil | 315 | 390 | 582 |
| Liabilities | EUR mil | 1,061 | 747 | 1,278 |
| Total Debt | EUR mil | 0 | 0 | 0 |
| Net Debt | EUR mil | -680 | -870 | -1,246 |
| Ratios | 2016 | 2017 | 2018 | |
| ROE | % | 34.7 | 20.2 | 27.0 |
| ROCE | % | -12.9 | -8.64 | -60.7 |
| Gross Margin | % | 24.0 | 21.6 | 21.1 |
| EBITDA Margin | % | 18.7 | 9.82 | 11.0 |
| EBIT Margin | % | 18.1 | 9.23 | 10.5 |
| Net Margin | % | 14.7 | 7.04 | 7.93 |
| Net Debt/EBITDA | -5.51 | -8.75 | -6.85 | |
| Net Debt/Equity | -2.16 | -2.23 | -2.14 | |
| Valuation | 2016 | 2017 | 2018 | |
| Market Capitalisation | USD mil | ... | ... | 16,075 |
| Enterprise Value (EV) | USD mil | ... | ... | 14,648 |
| Number Of Shares | mil | ... | 30.6 | 30.6 |
| Share Price | EUR | ... | ... | 459 |
| EV/EBITDA | ... | ... | 68.7 | |
| EV/Sales | ... | ... | 7.57 | |
| Price/Earnings (P/E) | ... | ... | 107 | |
| Price/Book Value (P/BV) | ... | ... | 24.1 | |
| Dividend Yield | % | ... | ... | 0 |
Get all company financials in excel:
| summary | Unit | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | ||||||
| Sales | EUR mil | 154 | 331 | 659 | ||
| Gross Profit | EUR mil | 46.8 | 98.5 | 158 | ||
| EBIT | EUR mil | 13.6 | 40.8 | 119 | ||
| Net Profit | EUR mil | 10.9 | 33.6 | 97.2 | ||
| ROE | % | 8.77 | 18.2 | 34.7 | ||
| EBIT Margin | % | 8.87 | 12.3 | 18.1 | ||
| Net Margin | % | 7.07 | 10.2 | 14.7 | ||
| Employees | ... | 338 | 464 | |||
| balance sheet | ||||||
| Total Assets | EUR mil | 490 | 821 | 1,376 | ||
| Non-Current Assets | EUR mil | 6.03 | 57.6 | 43.9 | ||
| Current Assets | EUR mil | 484 | 764 | 1,332 | ||
| Shareholders' Equity | EUR mil | 124 | 246 | 315 | ||
| Liabilities | EUR mil | 366 | 576 | 1,061 | ||
| Non-Current Liabilities | EUR mil | 0 | 0.019 | 3.85 | ||
| Current Liabilities | EUR mil | 366 | 576 | 1,057 | ||
| Net Debt/EBITDA | -22.5 | -11.7 | -5.51 | |||
| Net Debt/Equity | -2.67 | -2.04 | -2.16 | |||
| cash flow | ||||||
| Total Cash From Operations | EUR mil | 146 | 138 | 190 | ||
| Total Cash From Investing | EUR mil | -3.35 | -5.24 | -10.5 | ||
| Total Cash From Financing | EUR mil | 143 | 133 | 179 | ||
| Net Change In Cash | EUR mil | 285 | 266 | 358 | ||
| valuation | ||||||
| Market Capitalisation | USD mil | ... | ... | ... | ... | |
| Number Of Shares | mil | ... | ... | ... | ||
| Share Price | EUR | ... | ... | ... | ... | |
| Earnings Per Share (EPS) | EUR | ... | ... | ... | ||
| Book Value Per Share | EUR | ... | ... | ... | ||
| Dividend Per Share | EUR | ... | ... | ... | ||
| Price/Earnings (P/E) | ... | ... | ... | ... | ||
| Price/Book Value (P/BV) | ... | ... | ... | ... | ||
| Dividend Yield | % | ... | ... | ... | ... | |
| Earnings Per Share Growth | % | ... | ... | ... | ... | |
| Book Value Per Share Growth | % | ... | ... | ... | ... |
| income statement | Unit | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | ||||||
| Sales | EUR mil | 154 | 331 | 659 | ||
| Cost of Goods & Services | EUR mil | 107 | 233 | 501 | ||
| Gross Profit | EUR mil | 46.8 | 98.5 | 158 | ||
| Staff Cost | EUR mil | 18.7 | 35.0 | 43.5 | ||
| Other Cost | EUR mil | 13.4 | 20.4 | -8.90 | ||
| EBITDA | EUR mil | 14.7 | 43.1 | 123 | ||
| Depreciation | EUR mil | 1.06 | 2.22 | 4.14 | ||
| EBIT | EUR mil | 13.6 | 40.8 | 119 | ||
| Financing Cost | EUR mil | 0 | 0 | 0 | ||
| Extraordinary Cost | EUR mil | -0.331 | -0.196 | -0.234 | ||
| Pre-Tax Profit | EUR mil | 14.0 | 41.0 | 120 | ||
| Tax | EUR mil | 3.10 | 7.43 | 22.3 | ||
| Minorities | EUR mil | 0 | 0 | 0 | ||
| Net Profit | EUR mil | 10.9 | 33.6 | 97.2 | ||
| Dividends | EUR mil | 0 | 0 | 0 | ||
| growth rates | ||||||
| Total Revenue Growth | % | ... | 115 | 99.1 | ||
| Operating Cost Growth | % | ... | 72.6 | -37.6 | ||
| EBITDA Growth | % | ... | 193 | 187 | ||
| EBIT Growth | % | ... | 200 | 192 | ||
| Pre-Tax Profit Growth | % | ... | 194 | 191 | ||
| Net Profit Growth | % | ... | 209 | 189 | ||
| ratios | ||||||
| ROE | % | 8.77 | 18.2 | 34.7 | ||
| ROCE | % | ... | -7.81 | -12.9 | ||
| Gross Margin | % | 30.4 | 29.7 | 24.0 | ||
| EBITDA Margin | % | 9.56 | 13.0 | 18.7 | ||
| EBIT Margin | % | 8.87 | 12.3 | 18.1 | ||
| Net Margin | % | 7.07 | 10.2 | 14.7 | ||
| Payout Ratio | % | 0 | 0 | 0 | ||
| Net Debt/EBITDA | -22.5 | -11.7 | -5.51 |
| balance sheet | Unit | 2014 | 2015 | 2016 | 2017 | 2018 |
| balance sheet | ||||||
| Non-Current Assets | EUR mil | 6.03 | 57.6 | 43.9 | ||
| Property, Plant & Equipment | EUR mil | 3.99 | 7.69 | 15.1 | ||
| Intangible Assets | EUR mil | 2.04 | 2.98 | 3.96 | ||
| Goodwill | EUR mil | 0 | 0 | 0 | ||
| Current Assets | EUR mil | 484 | 764 | 1,332 | ||
| Inventories | EUR mil | 0.068 | 1.46 | 3.25 | ||
| Receivables | EUR mil | 5.45 | 8.44 | 11.7 | ||
| Cash & Cash Equivalents | EUR mil | 331 | 502 | 680 | ||
| Total Assets | EUR mil | 490 | 821 | 1,376 | ||
| Shareholders' Equity | EUR mil | 124 | 246 | 315 | ||
| Of Which Minority Interest | EUR mil | 0 | 0 | 0 | ||
| Liabilities | EUR mil | 366 | 576 | 1,061 | ||
| Non-Current Liabilities | EUR mil | 0 | 0.019 | 3.85 | ||
| Long-Term Debt | EUR mil | 0 | 0 | 0 | ||
| Deferred Tax Liabilities | EUR mil | 0 | 0.019 | 3.85 | ||
| Current Liabilities | EUR mil | 366 | 576 | 1,057 | ||
| Short-Term Debt | EUR mil | 0 | 0 | 0 | ||
| Trade Payables | EUR mil | 365 | 574 | 1,054 | ||
| Equity And Liabilities | EUR mil | 490 | 821 | 1,376 | ||
| growth rates | ||||||
| Total Asset Growth | % | ... | 67.6 | 67.5 | ||
| Shareholders' Equity Growth | % | ... | 98.4 | 28.1 | ||
| Net Debt Growth | % | ... | 51.8 | 35.4 | ||
| ratios | ||||||
| Total Debt | EUR mil | 0 | 0 | 0 | ||
| Net Debt | EUR mil | -331 | -502 | -680 | ||
| Working Capital | EUR mil | -360 | -564 | -1,039 | ||
| Capital Employed | EUR mil | -354 | -507 | -996 | ||
| Net Debt/Equity | -2.67 | -2.04 | -2.16 |
| cash flow | Unit | 2014 | 2015 | 2016 | 2017 | 2018 |
| cash flow | ||||||
| Net Profit | EUR mil | 10.9 | 33.6 | 97.2 | ||
| Depreciation | EUR mil | 1.06 | 2.22 | 4.14 | ||
| Non-Cash Items | EUR mil | ... | -102 | -387 | ||
| Change in Working Capital | EUR mil | ... | 205 | 475 | ||
| Total Cash From Operations | EUR mil | 146 | 138 | 190 | ||
| Capital Expenditures | EUR mil | -3.35 | -5.24 | -10.5 | ||
| Other Investments | EUR mil | 0 | 0 | 0 | ||
| Total Cash From Investing | EUR mil | -3.35 | -5.24 | -10.5 | ||
| Dividends Paid | EUR mil | 0 | 0 | 0 | ||
| Issuance Of Shares | EUR mil | ... | 88.3 | -28.1 | ||
| Issuance Of Debt | EUR mil | ... | 0 | 0 | ||
| Total Cash From Financing | EUR mil | 143 | 133 | 179 | ||
| Net Change In Cash | EUR mil | 285 | 266 | 358 | ||
| ratios | ||||||
| Days Sales Outstanding | days | 13.0 | 9.30 | 6.45 | ||
| Days Sales Of Inventory | days | 0.232 | 2.29 | 2.36 | ||
| Days Payable Outstanding | days | 1,247 | 901 | 768 | ||
| Cash Conversion Cycle | days | -1,234 | -889 | -759 | ||
| Cash Earnings | EUR mil | 11.9 | 35.8 | 101 | ||
| Cash Earnings Per Share | EUR | ... | ... | ... | ||
| Price/Cash Earnings (P/CE) | ... | ... | ... | ... | ||
| Free Cash Flow | EUR mil | 143 | 133 | 179 | ||
| Free Cash Flow Yield | % | ... | ... | ... | ... |
| other data | Unit | 2014 | 2015 | 2016 | 2017 | 2018 |
| other data | ||||||
| ROA | % | 2.22 | 5.12 | 8.85 | ||
| Gross Margin | % | 30.4 | 29.7 | 24.0 | ||
| Cost Per Employee | USD per month | ... | 9,900 | 8,371 | ||
| Cost Per Employee (Local Currency) | EUR per month | ... | 8,636 | 7,808 | ||
| Staff Cost (As % Of Total Cost) | % | 13.3 | 12.1 | 8.05 | ||
| Effective Tax Rate | % | 22.2 | 18.1 | 18.6 | ||
| Enterprise Value (EV) | USD mil | ... | ... | ... | ... | |
| EV/EBITDA | ... | ... | ... | ... | ||
| EV/Capital Employed | ... | ... | ... | ... | ||
| EV/Sales | ... | ... | ... | ... | ||
| EV/EBIT | ... | ... | ... | ... |
Get all company financials in excel:
Adyan has been growing its sales by a year on average in the last 5 years. EBITDA has grown by 0% during that time to total of EUR 182 mil in 2018, or 11.0% of sales. That’s compared to 12.4% average margin seen in last five years.
The company netted EUR 131 mil in 2018 implying ROE of 27.0% and ROCE of -60.7%. Again, the average figures were 21.8% and -22.5%, respectively when looking at the previous 5 years.
Adyan’s net debt amounted to EUR -1,246 mil at the end of 2018, or -2.14 of equity. When compared to EBITDA, net debt was -6.85x, up when compared to average of -11.1x seen in the last 5 years.
Adyan stock traded at EUR 459 per share at the end of 2018 resulting in a market capitalization of USD 16,075 mil. 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 68.7x and price to earnings (PE) of 107x as of 2018.
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