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Aerodrom Ljubljana

AL's Cash & Cash Equivalents fell 83.5% yoy to EUR 0.063 mil in 2014

By Helgi Library - April 2, 2020

Aerodrom Ljubljana's total assets reached EUR 106 mil at the end of 2014, down 19% compared to the previous year. ...

Profit Statement
Balance Sheet
Ratios
Valuation

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Jun 2014
Statistical Dossier

Aerodrom Ljubljana is a Slovenia-based airport operator. The Company provides air connections and services for both, passenger and cargo transport. The Company comprises a range of business lines: airport management, including aircraft take-offs, landings, the use of infrastructure and the passenger terminal; ground operations for aircraft, passengers and cargo; the marketing of passenger and cargo transport; other commercial activities, such as relevant retail, catering, car parking for passengers and airport visitors, the leasing of commercial and advertising space and warehousing and logistical services. At the end of 2013, Republic of Slovenia was the single largest shareholder holding a 50.7% stake in the Company.

Finance

Aerodrom Ljubljana has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 3.99% a year during that time to total of EUR 11.2 mil in 2014, or 34.9% of sales. That’s compared to 37.3% average margin seen in last five years.

The company netted EUR 3.59 mil in 2014 implying ROE of 3.30% and ROCE of 3.81%. Again, the average figures were 3.74% and 4.51%, respectively when looking at the previous 5 years.

Aerodrom Ljubljana’s net debt amounted to EUR -0.063 mil at the end of 2014, or < -0.001 of equity. When compared to EBITDA, net debt was -0.006x, up when compared to average of -0.019x seen in the last 5 years.

Valuation

Aerodrom Ljubljana stock traded at EUR 59.0 per share at the end of 2014 resulting in a market capitalization of USD 138 mil. Over the previous five years, stock price grew by 83.90000000000001% or 13.0% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 9.59x and price to earnings (PE) of 31.8x as of 2014.

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