By Helgi Library - April 2, 2020
AVG Technologies's total assets reached USD 539 mil at the end of 2016, down 21.8% compared to the previous year. ...
By Helgi Library - April 2, 2020
AVG Technologies's total assets reached USD 539 mil at the end of 2016, down 21.8% compared to the previous year. ...
By Helgi Library - October 12, 2020
AVG Technologies's total assets reached USD 655 mil at the end of 1Q2016, down 1.19% compared to the previous year. ...
| Profit Statement | 2014 | 2015 | 2016 | |
| Sales | USD mil | 374 | 428 | 419 |
| Gross Profit | USD mil | 322 | 364 | 333 |
| EBITDA | USD mil | 113 | 117 | 35.9 |
| EBIT | USD mil | 79.3 | 77.3 | -0.200 |
| Financing Cost | USD mil | 4.00 | 16.7 | 24.1 |
| Pre-Tax Profit | USD mil | 74.0 | 60.6 | -24.3 |
| Net Profit | USD mil | 53.9 | 49.2 | -28.4 |
| Dividends | USD mil | 0 | ... | ... |
| Balance Sheet | 2014 | 2015 | 2016 | |
| Total Assets | USD mil | 647 | 689 | 539 |
| Non-Current Assets | USD mil | 436 | 467 | 446 |
| Current Assets | USD mil | 211 | 221 | 92.6 |
| Working Capital | USD mil | 22.8 | 11.6 | 12.4 |
| Shareholders' Equity | USD mil | 37.2 | 99.6 | 195 |
| Liabilities | USD mil | 610 | 589 | 344 |
| Total Debt | USD mil | 225 | 215 | 38.5 |
| Net Debt | USD mil | 86.0 | 91.3 | 5.30 |
| Ratios | 2014 | 2015 | 2016 | |
| ROE | % | 233 | 72.0 | -19.3 |
| ROCE | % | 16.1 | 10.5 | -6.06 |
| Gross Margin | % | 86.1 | 85.0 | 79.5 |
| EBITDA Margin | % | 30.2 | 27.2 | 8.58 |
| EBIT Margin | % | 21.2 | 18.0 | -0.048 |
| Net Margin | % | 14.4 | 11.5 | -6.78 |
| Net Debt/EBITDA | 0.762 | 0.783 | 0.148 | |
| Net Debt/Equity | % | 231 | 91.7 | 2.71 |
| Cost of Financing | % | 3.14 | 7.59 | 19.0 |
| Valuation | 2014 | 2015 | 2016 | |
| Market Capitalisation | USD mil | 1,038 | 1,059 | 1,063 |
| Enterprise Value (EV) | USD mil | 1,124 | 1,150 | 1,068 |
| Number Of Shares | mil | 52.6 | 52.8 | 53.0 |
| Share Price | USD | 19.7 | 20.1 | 20.1 |
| EV/EBITDA | 9.96 | 9.86 | 29.7 | |
| EV/Sales | 3.01 | 2.69 | 2.55 | |
| Price/Earnings (P/E) | 19.3 | 21.5 | -37.4 | |
| Price/Book Value (P/BV) | 27.9 | 10.6 | 5.44 | |
| Dividend Yield | % | 0 | ... | ... |
Get all company financials in excel:
| summary | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| income statement | ||||||||||||
| Sales | USD mil | 217 | 272 | 356 | 407 | 374 | ||||||
| Gross Profit | USD mil | 188 | 241 | 302 | 338 | 322 | ||||||
| EBIT | USD mil | 65.6 | 68.5 | 80.4 | 110 | 79.3 | ||||||
| Net Profit | USD mil | 57.9 | 100 | 45.8 | 63.7 | 53.9 | ||||||
| ROE | % | -702 | -62.2 | -26.6 | -951 | 233 | ||||||
| EBIT Margin | % | 30.2 | 25.2 | 22.6 | 27.0 | 21.2 | ||||||
| Net Margin | % | 26.7 | 36.9 | 12.9 | 15.7 | 14.4 | ||||||
| Employees | ... | ... | 630 | 870 | 918 | 1,013 | 1,379 | |||||
| balance sheet | ||||||||||||
| Total Assets | USD mil | 176 | 312 | 323 | 307 | 647 | ||||||
| Non-Current Assets | USD mil | ... | ... | ... | 64.2 | 189 | 202 | 196 | 436 | |||
| Current Assets | USD mil | ... | ... | ... | 112 | 123 | 122 | 111 | 211 | |||
| Shareholders' Equity | USD mil | -0.760 | -322 | -22.6 | 9.17 | 37.2 | ||||||
| Liabilities | USD mil | 177 | 634 | 346 | 298 | 610 | ||||||
| Non-Current Liabilities | USD mil | ... | ... | ... | ... | 30.7 | 219 | 122 | 67.5 | 314 | ||
| Current Liabilities | USD mil | ... | ... | ... | 146 | 223 | 224 | 230 | 256 | |||
| Net Debt/EBITDA | ... | -0.848 | 2.05 | 0.457 | -0.091 | 0.762 | ||||||
| Net Debt/Equity | % | ... | 8,171 | -51.1 | -201 | -135 | 231 | |||||
| Cost of Financing | % | ... | ... | -2.73 | 13.1 | 13.1 | 12.5 | 3.14 | ||||
| cash flow | ||||||||||||
| Total Cash From Operations | USD mil | ... | ... | 87.9 | 82.9 | 119 | 145 | 109 | ||||
| Total Cash From Investing | USD mil | ... | ... | -15.3 | -69.5 | -30.2 | -39.8 | -165 | ||||
| Total Cash From Financing | USD mil | ... | ... | -54.4 | -15.3 | -100 | -114 | 154 | ||||
| Net Change In Cash | USD mil | ... | ... | 15.4 | -1.96 | -11.3 | -8.85 | 96.6 | ||||
| valuation | ||||||||||||
| Market Capitalisation | USD mil | ... | ... | ... | ... | ... | ... | 860 | 942 | 1,038 | ||
| Number Of Shares | mil | 38.6 | 39.0 | 54.3 | 54.7 | 52.6 | ||||||
| Share Price | USD | ... | ... | ... | ... | ... | ... | 15.8 | 17.2 | 19.7 | ||
| Earnings Per Share (EPS) | USD | 0.985 | 1.69 | 0.830 | 1.16 | 1.02 | ||||||
| Book Value Per Share | USD | -0.015 | -6.32 | -0.416 | 0.168 | 0.707 | ||||||
| Dividend Per Share | USD | 1.29 | 5.42 | 0.014 | 0 | 0 | ... | ... | ||||
| Price/Earnings (P/E) | ... | ... | ... | ... | ... | ... | 19.1 | 14.8 | 19.3 | |||
| Price/Book Value (P/BV) | ... | ... | ... | ... | ... | ... | -38.1 | 103 | 27.9 | |||
| Dividend Yield | % | ... | ... | ... | ... | ... | ... | 0.088 | 0 | 0 | ... | ... |
| Earnings Per Share Growth | % | ... | -9.58 | 71.1 | -50.8 | 40.3 | -12.0 | |||||
| Book Value Per Share Growth | % | ... | -94.3 | 41,981 | -93.4 | -140 | 322 | ... |
| income statement | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| income statement | ||||||||||||
| Sales | USD mil | 217 | 272 | 356 | 407 | 374 | ||||||
| Cost of Goods & Services | USD mil | 29.0 | 31.2 | 54.4 | 68.8 | 51.8 | ||||||
| Gross Profit | USD mil | 188 | 241 | 302 | 338 | 322 | ||||||
| Staff Cost | USD mil | ... | 40.7 | 60.7 | 73.5 | 70.9 | 75.8 | |||||
| Other Cost | #REF! | ... | 74.3 | 100 | 129 | 132 | 134 | |||||
| EBITDA | USD mil | 73.2 | 80.4 | 99.3 | 135 | 113 | ||||||
| Depreciation | USD mil | 7.60 | 11.8 | 18.9 | 24.9 | 33.5 | ||||||
| EBIT | USD mil | 65.6 | 68.5 | 80.4 | 110 | 79.3 | ||||||
| Financing Cost | USD mil | ... | ... | -0.029 | 14.9 | 21.2 | 7.95 | 4.00 | ||||
| Extraordinary Cost | USD mil | ... | ... | -1.69 | 2.24 | 1.77 | -0.575 | 1.33 | ||||
| Pre-Tax Profit | USD mil | 67.4 | 51.4 | 57.5 | 103 | 74.0 | ||||||
| Tax | USD mil | 9.39 | 49.3 | 11.1 | 39.0 | 19.6 | ||||||
| Minorities | USD mil | 0 | 0 | 0 | 0 | 0.534 | ||||||
| Net Profit | USD mil | 57.9 | 100 | 45.8 | 63.7 | 53.9 | ||||||
| Dividends | USD mil | 49.8 | 211 | 0.753 | 0 | 0 | ... | ... | ||||
| growth rates | ||||||||||||
| Total Revenue Growth | % | ... | 19.4 | 25.4 | 30.7 | 14.4 | -8.12 | |||||
| Operating Cost Growth | % | ... | ... | 66.7 | 49.2 | 21.1 | -3.52 | 6.89 | ||||
| EBITDA Growth | % | ... | 10.1 | 9.75 | 23.5 | 36.0 | -16.4 | |||||
| EBIT Growth | % | ... | 8.26 | 4.40 | 17.4 | 36.9 | -27.9 | |||||
| Pre-Tax Profit Growth | % | ... | 14.1 | -23.7 | 11.8 | 78.7 | -27.9 | |||||
| Net Profit Growth | % | ... | 10.3 | 73.4 | -54.4 | 39.1 | -15.4 | |||||
| ratios | ||||||||||||
| ROE | % | -702 | -62.2 | -26.6 | -951 | 233 | ||||||
| ROCE | % | ... | ... | ... | ... | 74.7 | 69.6 | 21.3 | 29.1 | 16.1 | ||
| Gross Margin | % | 86.7 | 88.5 | 84.7 | 83.1 | 86.1 | ||||||
| EBITDA Margin | % | 33.7 | 29.5 | 27.9 | 33.2 | 30.2 | ||||||
| EBIT Margin | % | 30.2 | 25.2 | 22.6 | 27.0 | 21.2 | ||||||
| Net Margin | % | 26.7 | 36.9 | 12.9 | 15.7 | 14.4 | ||||||
| Payout Ratio | % | 85.9 | 210 | 1.64 | 0 | 0 | ... | ... | ||||
| Cost of Financing | % | ... | ... | -2.73 | 13.1 | 13.1 | 12.5 | 3.14 | ||||
| Net Debt/EBITDA | ... | -0.848 | 2.05 | 0.457 | -0.091 | 0.762 |
| balance sheet | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| balance sheet | ||||||||||||
| Non-Current Assets | USD mil | ... | ... | ... | 64.2 | 189 | 202 | 196 | 436 | |||
| Property, Plant & Equipment | USD mil | ... | ... | ... | 10.3 | 12.4 | 14.6 | 15.3 | 18.0 | |||
| Intangible Assets | USD mil | 42.2 | 106 | 122 | 144 | 367 | ||||||
| Goodwill | USD mil | ... | ... | ... | 33.9 | 71.4 | 81.3 | 84.8 | 245 | |||
| Current Assets | USD mil | ... | ... | ... | 112 | 123 | 122 | 111 | 211 | |||
| Inventories | USD mil | ... | ... | ... | 0.523 | 0.883 | 0.702 | 1.02 | 1.03 | |||
| Receivables | USD mil | ... | ... | ... | 25.0 | 25.4 | 32.7 | 26.2 | 35.4 | |||
| Cash & Cash Equivalents | USD mil | 63.1 | 60.7 | 51.9 | 42.3 | 139 | ||||||
| Total Assets | USD mil | 176 | 312 | 323 | 307 | 647 | ||||||
| Shareholders' Equity | USD mil | -0.760 | -322 | -22.6 | 9.17 | 37.2 | ||||||
| Of Which Minority Interest | USD mil | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ||
| Liabilities | USD mil | 177 | 634 | 346 | 298 | 610 | ||||||
| Non-Current Liabilities | USD mil | ... | ... | ... | ... | 30.7 | 219 | 122 | 67.5 | 314 | ||
| Long-Term Debt | USD mil | 1.05 | 184 | 85.0 | 30.0 | 223 | ||||||
| Deferred Tax Liabilities | USD mil | ... | ... | ... | ... | 0 | 0 | 0 | 0.342 | 25.6 | ||
| Current Liabilities | USD mil | ... | ... | ... | 146 | 223 | 224 | 230 | 256 | |||
| Short-Term Debt | USD mil | ... | ... | ... | 0 | 41.1 | 12.2 | 0 | 2.30 | |||
| Trade Payables | USD mil | ... | ... | ... | 5.24 | 11.0 | 8.76 | 11.4 | 13.6 | |||
| Provisions | USD mil | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ||
| Equity And Liabilities | USD mil | 176 | 312 | 323 | 307 | 647 | ||||||
| growth rates | ||||||||||||
| Total Asset Growth | % | ... | 22.4 | 77.1 | 3.80 | -5.16 | 111 | |||||
| Shareholders' Equity Growth | % | ... | -95.2 | 42,305 | -93.0 | -141 | 305 | |||||
| Net Debt Growth | % | ... | ... | 33.1 | -365 | -72.5 | -127 | -797 | ||||
| Total Debt Growth | % | ... | ... | ... | -2.05 | 21,371 | -56.9 | -69.1 | 650 | |||
| ratios | ||||||||||||
| Total Debt | USD mil | ... | 1.05 | 225 | 97.2 | 30.0 | 225 | |||||
| Net Debt | USD mil | ... | -62.1 | 165 | 45.3 | -12.3 | 86.0 | |||||
| Working Capital | USD mil | ... | ... | ... | 20.3 | 15.2 | 24.6 | 15.8 | 22.8 | |||
| Capital Employed | USD mil | ... | ... | ... | 84.5 | 204 | 226 | 212 | 459 | |||
| Net Debt/Equity | % | ... | 8,171 | -51.1 | -201 | -135 | 231 | |||||
| Cost of Financing | % | ... | ... | -2.73 | 13.1 | 13.1 | 12.5 | 3.14 |
| cash flow | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| cash flow | ||||||||||||
| Net Profit | USD mil | 57.9 | 100 | 45.8 | 63.7 | 53.9 | ||||||
| Depreciation | USD mil | 7.60 | 11.8 | 18.9 | 24.9 | 33.5 | ||||||
| Non-Cash Items | USD mil | ... | ... | ... | ... | 27.7 | -34.4 | 64.0 | 47.8 | 28.4 | ||
| Change in Working Capital | USD mil | ... | ... | ... | ... | -5.31 | 5.05 | -9.40 | 8.79 | -7.01 | ||
| Total Cash From Operations | USD mil | ... | ... | 87.9 | 82.9 | 119 | 145 | 109 | ||||
| Capital Expenditures | USD mil | ... | ... | ... | -11.7 | -11.4 | -17.9 | -18.3 | -15.3 | |||
| Other Investments | USD mil | ... | ... | ... | -3.65 | -58.2 | -12.3 | -21.5 | -150 | |||
| Total Cash From Investing | USD mil | ... | ... | -15.3 | -69.5 | -30.2 | -39.8 | -165 | ||||
| Dividends Paid | USD mil | -49.8 | -211 | -0.753 | 0 | 223 | ||||||
| Issuance Of Shares | USD mil | ... | ... | ... | 0 | -4.70 | -8.30 | 0 | -34.0 | |||
| Issuance Of Debt | USD mil | ... | ... | ... | ... | -0.022 | 224 | -128 | -67.2 | 195 | ||
| Total Cash From Financing | USD mil | ... | ... | -54.4 | -15.3 | -100 | -114 | 154 | ||||
| Net Change In Cash | USD mil | ... | ... | 15.4 | -1.96 | -11.3 | -8.85 | 96.6 | ||||
| ratios | ||||||||||||
| Days Sales Outstanding | days | ... | ... | ... | 42.0 | 34.0 | 33.5 | 23.5 | 34.5 | |||
| Days Sales Of Inventory | days | ... | ... | ... | 6.59 | 10.3 | 4.71 | 5.39 | 7.25 | |||
| Days Payable Outstanding | days | ... | ... | ... | 66.0 | 129 | 58.8 | 60.2 | 95.8 | |||
| Cash Conversion Cycle | days | ... | ... | ... | -17.5 | -84.7 | -20.6 | -31.4 | -54.0 | |||
| Cash Earnings | USD mil | 65.5 | 112 | 64.7 | 88.6 | 87.4 | ||||||
| Cash Earnings Per Share | USD | 1.70 | 2.88 | 1.19 | 1.62 | 1.66 | ||||||
| Price/Cash Earnings (P/CE) | ... | ... | ... | ... | ... | ... | 13.3 | 10.6 | 11.9 | |||
| Free Cash Flow | USD mil | ... | ... | 72.6 | 13.4 | 89.1 | 105 | -56.2 | ||||
| Free Cash Flow Yield | % | ... | ... | ... | ... | ... | ... | 10.4 | 11.2 | -5.41 |
| other data | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| other data | ||||||||||||
| ROA | % | 36.2 | 41.2 | 14.4 | 20.2 | 11.3 | ||||||
| Gross Margin | % | 86.7 | 88.5 | 84.7 | 83.1 | 86.1 | ||||||
| Employees | ... | ... | 630 | 870 | 918 | 1,013 | 1,379 | |||||
| Cost Per Employee | USD per month | ... | ... | 5,381 | 5,815 | 6,671 | 5,833 | 4,580 | ||||
| Cost Per Employee (Local Currency) | USD per month | ... | ... | 5,381 | 5,815 | 6,671 | 5,833 | 4,580 | ||||
| Staff Cost (As % Of Total Cost) | % | ... | 26.8 | 29.8 | 26.7 | 23.9 | 25.7 | |||||
| Effective Tax Rate | % | 13.9 | 95.8 | 19.4 | 38.0 | 26.5 | ||||||
| Enterprise Value (EV) | USD mil | ... | ... | ... | ... | ... | ... | 905 | 929 | 1,124 | ||
| EV/EBITDA | ... | ... | ... | ... | ... | ... | 9.12 | 6.88 | 9.96 | |||
| EV/Capital Employed | ... | ... | ... | ... | ... | ... | 4.00 | 4.38 | 2.45 | |||
| EV/Sales | ... | ... | ... | ... | ... | ... | 2.54 | 2.28 | 3.01 | |||
| EV/EBIT | ... | ... | ... | ... | ... | ... | 11.3 | 8.44 | 14.2 | |||
| Capital Expenditures (As % of Sales) | % | ... | ... | ... | 5.38 | 4.18 | 5.03 | 4.50 | 4.08 | |||
| Sales from Subscription | USD mil | 167 | 176 | 197 | 251 | 282 | ... | |||||
| Sales from Platform-derived | USD mil | 50.3 | 96.7 | 159 | 156 | 92.5 | ... | |||||
| Cost of Sales from Subscription | USD mil | 26.7 | 23.4 | 27.1 | 30.0 | 39.1 | ... | |||||
| Cost of Sales from Platform-derived | USD mil | 2.29 | 7.85 | 27.3 | 38.8 | 12.8 | ... | |||||
| Active Users at Period End | mil | ... | 98.0 | 108 | 146 | 177 | 197 | ... | ||||
| Average Active Users | mil | ... | ... | 98.0 | 103 | 127 | 161 | 187 | ... | |||
| Revenue per Average Active User | USD | ... | ... | 2.21 | 2.64 | 2.80 | 2.52 | 2.00 | ... | |||
| Subscription Users | mil | ... | ... | 12.0 | 15.0 | 15.0 | 16.0 | 19.0 | ... | |||
| Average Number of Subscribers | mil | ... | ... | 11.0 | 13.5 | 15.0 | 16.0 | 18.0 | ... | |||
| Subscription Revenue per Average Subscriber | USD | ... | ... | 15.2 | 13.0 | 13.1 | 15.9 | 16.0 | ... | |||
| Search Volume | mil | ... | ... | ... | ... | ... | ... | 7,202 | 6,712 | 3,283 | ... | |
| Platform-derived revenue | per '000 searches | ... | ... | ... | ... | ... | ... | 22.0 | 23.0 | 28.0 | ... | |
| ZEN users | mil | ... | ... | ... | ... | ... | ... | ... | ... | 0 | ... | |
| ZEN (As % of Total Users) | % | ... | ... | ... | ... | ... | ... | ... | ... | 0 | ... | |
| Gross Margin (Subscription) | % | 84.0 | 86.7 | 86.3 | 88.0 | 86.1 | ... | |||||
| Gross Margin (Platform-derived) | % | ... | ... | 95.4 | 91.9 | 82.8 | 75.2 | 86.2 | ... | |||
| Subscription (As % Of Sales) | % | 76.8 | 64.5 | 55.3 | 61.6 | 75.3 | ... | |||||
| Consumer Revenues | USD mil | ... | ... | ... | ... | ... | ... | 310 | 358 | 316 | ... | ... |
| SMB Revenues | USD mil | ... | ... | ... | ... | ... | ... | 45.9 | 49.3 | 58.5 | ... | ... |
| Consumer (As % of Revenues) | % | ... | ... | ... | ... | ... | ... | 87.1 | 87.9 | 84.4 | ... | ... |
| SMB (As % of Revenues) | % | ... | ... | ... | ... | ... | ... | 12.9 | 12.1 | 15.6 | ... | ... |
| EBIT (Consumer) | USD mil | ... | ... | ... | ... | ... | ... | 141 | 165 | 158 | ... | ... |
| EBIT (SMB) | USD mil | ... | ... | ... | ... | ... | ... | 8.57 | 13.5 | 2.26 | ... | ... |
| EBIT Margin (Consumer) | % | ... | ... | ... | ... | ... | ... | 45.6 | 46.1 | 50.0 | ... | ... |
| EBIT Margin (SMB) | % | ... | ... | ... | ... | ... | ... | 18.7 | 27.4 | 3.86 | ... | ... |
| Mobile Revenues | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Mobile (As % of Revenues) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Get all company financials in excel:
By Helgi Library - October 12, 2020
AVG Technologies's total assets reached USD 655 mil at the end of 1Q2016, down 1.19% compared to the previous year. Current assets amounted to USD 195 mil, or 29.7% of total assets while cash stood at USD 123 mil at the end of 1Q2016. ...
AVG Technologies (AVG) is originally a Czech Republic-based security software company now headquartered in Amsterdam, Netherlands. The Company develops antivirus software and Internet security services. It was formed in 1991 by Czech engineers Jan Gritzbach and Tomáš Hofer, has corporate offices in Europe, Israel, Brazil, Canada and the United States and is listed on the New York Stock Exchange. The company specializes in computer security software. Its most well known product is AVG AntiVirus. The Company has a broad product portfolio ranging from desktop/mobile software to dynamic Internet search solutions.
AVG Technologies has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 14.9% a year during that time to total of USD 35.9 mil in 2016, or 8.58% of sales. That’s compared to 25.4% average margin seen in last five years.
The company netted USD -28.4 mil in 2016 implying ROE of -19.3% and ROCE of -6.06%. Again, the average figures were -138% and 14.2%, respectively when looking at the previous 5 years.
AVG Technologies’s net debt amounted to USD 5.30 mil at the end of 2016, or 2.71% of equity. When compared to EBITDA, net debt was 0.148x, down when compared to average of 0.412x seen in the last 5 years.
AVG Technologies stock traded at USD 20.1 per share at the end of 2016 resulting in a market capitalization of USD 1,063 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 29.7x and price to earnings (PE) of -37.4x as of 2016.
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