By Helgi Library - April 2, 2020
Budejovicky Budvar's total assets reached CZK 5,328 mil at the end of 2017, up 4.56% compared to the previous year. ...
By Helgi Library - April 2, 2020
Budejovicky Budvar's total assets reached CZK 5,328 mil at the end of 2017, up 4.56% compared to the previous year. ...
Profit Statement | 2015 | 2016 | 2017 | |
Sales | CZK mil | 2,546 | 2,612 | 2,543 |
Gross Profit | CZK mil | 805 | 878 | 817 |
EBITDA | CZK mil | 580 | 581 | 560 |
EBIT | CZK mil | 338 | 347 | 321 |
Financing Cost | CZK mil | -11.8 | 10.2 | 6.30 |
Pre-Tax Profit | CZK mil | 350 | 337 | 315 |
Net Profit | CZK mil | 281 | 264 | 255 |
Dividends | CZK mil | 0 | 0 | ... |
Balance Sheet | 2015 | 2016 | 2017 | |
Total Assets | CZK mil | 4,772 | 5,095 | 5,328 |
Non-Current Assets | CZK mil | 1,935 | 2,096 | 2,591 |
Current Assets | CZK mil | 2,681 | 2,845 | 2,595 |
Working Capital | CZK mil | 515 | 464 | 462 |
Shareholders' Equity | CZK mil | 4,239 | 4,494 | 4,753 |
Liabilities | CZK mil | 533 | 602 | 575 |
Total Debt | CZK mil | 40.1 | 28.9 | 3.44 |
Net Debt | CZK mil | -1,027 | -1,876 | -1,634 |
Ratios | 2015 | 2016 | 2017 | |
ROE | % | 6.47 | 6.05 | 5.51 |
ROCE | % | 11.6 | 10.6 | 9.08 |
Gross Margin | % | 31.6 | 33.6 | 32.1 |
EBITDA Margin | % | 22.8 | 22.3 | 22.0 |
EBIT Margin | % | 13.3 | 13.3 | 12.6 |
Net Margin | % | 11.1 | 10.1 | 10.0 |
Net Debt/EBITDA | -1.77 | -3.23 | -2.92 | |
Net Debt/Equity | % | -24.2 | -41.7 | -34.4 |
Cost of Financing | % | -28.7 | 29.6 | 39.0 |
Cash Flow | 2015 | 2016 | 2017 | |
Total Cash From Operations | CZK mil | 516 | 542 | 463 |
Total Cash From Investing | CZK mil | -220 | -401 | -729 |
Total Cash From Financing | CZK mil | -505 | -3.97 | -1.64 |
Net Change In Cash | CZK mil | -209 | 137 | -268 |
Cash Conversion Cycle | days | 80.4 | 68.9 | 66.6 |
Cash Earnings | CZK mil | 524 | 498 | 494 |
Free Cash Flow | CZK mil | 296 | 141 | -266 |
Get all company financials in excel:
summary | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
income statement | |||||||||||||||||||
Sales | CZK mil | 2,072 | 2,161 | 2,260 | 2,413 | 2,546 | |||||||||||||
Gross Profit | CZK mil | 598 | 603 | 644 | 746 | 805 | |||||||||||||
EBIT | CZK mil | 160 | 161 | 285 | 294 | 338 | |||||||||||||
Net Profit | CZK mil | 190 | 177 | 293 | 246 | 281 | |||||||||||||
ROE | % | 4.20 | 3.76 | 5.99 | 5.19 | 6.47 | |||||||||||||
EBIT Margin | % | 7.72 | 7.43 | 12.6 | 12.2 | 13.3 | |||||||||||||
Net Margin | % | 9.18 | 8.17 | 13.0 | 10.2 | 11.1 | |||||||||||||
Employees | ... | 614 | 612 | 632 | 663 | 655 | |||||||||||||
balance sheet | |||||||||||||||||||
Total Assets | CZK mil | 5,352 | 5,488 | 5,558 | 4,980 | 4,772 | |||||||||||||
Non-Current Assets | CZK mil | 2,125 | 2,167 | 2,090 | 1,950 | 1,935 | |||||||||||||
Current Assets | CZK mil | 2,977 | 3,084 | 3,265 | 2,861 | 2,681 | |||||||||||||
Shareholders' Equity | CZK mil | 4,607 | 4,775 | 5,021 | 4,462 | 4,239 | |||||||||||||
Liabilities | CZK mil | 745 | 713 | 537 | 518 | 533 | |||||||||||||
Non-Current Liabilities | CZK mil | 145 | 148 | 125 | 129 | 126 | |||||||||||||
Current Liabilities | CZK mil | 427 | 392 | 351 | 346 | 359 | |||||||||||||
Net Debt/EBITDA | -5.35 | -5.40 | -4.48 | -3.93 | -1.77 | ||||||||||||||
Net Debt/Equity | % | -46.0 | -46.5 | -48.8 | -47.8 | -24.2 | |||||||||||||
Cost of Financing | % | ... | -94.2 | -71.6 | -52.5 | -25.8 | -28.7 | ||||||||||||
cash flow | |||||||||||||||||||
Total Cash From Operations | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 516 | ||
Total Cash From Investing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -220 | ||
Total Cash From Financing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -505 | ||
Net Change In Cash | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -209 |
income statement | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
income statement | |||||||||||||||||||
Sales | CZK mil | 2,072 | 2,161 | 2,260 | 2,413 | 2,546 | |||||||||||||
Cost of Goods & Services | CZK mil | 1,474 | 1,558 | 1,616 | 1,667 | 1,740 | |||||||||||||
Gross Profit | CZK mil | 598 | 603 | 644 | 746 | 805 | |||||||||||||
Staff Cost | CZK mil | 266 | 270 | 277 | 286 | 301 | |||||||||||||
Other Cost | CZK mil | -63.7 | -78.2 | -179 | -82.8 | -75.4 | |||||||||||||
EBITDA | CZK mil | 396 | 411 | 546 | 543 | 580 | |||||||||||||
Depreciation | CZK mil | 236 | 250 | 261 | 249 | 242 | |||||||||||||
EBIT | CZK mil | 160 | 161 | 285 | 294 | 338 | |||||||||||||
Financing Cost | CZK mil | -79.7 | -62.0 | -40.7 | -13.8 | -11.8 | |||||||||||||
Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||
Pre-Tax Profit | CZK mil | 240 | 223 | 326 | 307 | 350 | |||||||||||||
Tax | CZK mil | 49.4 | 46.1 | 32.7 | 61.6 | 68.4 | |||||||||||||
Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||
Net Profit | CZK mil | 190 | 177 | 293 | 246 | 281 | |||||||||||||
Dividends | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 500 | 0 | ... | |
growth rates | |||||||||||||||||||
Total Revenue Growth | % | ... | 3.11 | 4.27 | 4.61 | 6.77 | 5.48 | ||||||||||||
Operating Cost Growth | % | ... | -11.9 | -4.90 | -49.1 | 108 | 10.7 | ||||||||||||
EBITDA Growth | % | ... | 1.92 | 3.75 | 32.9 | -0.635 | 6.91 | ||||||||||||
EBIT Growth | % | ... | 12.3 | 0.407 | 77.5 | 2.95 | 15.2 | ||||||||||||
Pre-Tax Profit Growth | % | ... | 8.96 | -7.11 | 46.3 | -5.66 | 13.8 | ||||||||||||
Net Profit Growth | % | ... | 9.23 | -7.24 | 66.1 | -16.1 | 14.5 | ||||||||||||
ratios | |||||||||||||||||||
ROE | % | 4.20 | 3.76 | 5.99 | 5.19 | 6.47 | |||||||||||||
ROCE | % | ... | 7.95 | 7.17 | 11.4 | 9.80 | 11.6 | ||||||||||||
Gross Margin | % | 28.9 | 27.9 | 28.5 | 30.9 | 31.6 | |||||||||||||
EBITDA Margin | % | 19.1 | 19.0 | 24.2 | 22.5 | 22.8 | |||||||||||||
EBIT Margin | % | 7.72 | 7.43 | 12.6 | 12.2 | 13.3 | |||||||||||||
Net Margin | % | 9.18 | 8.17 | 13.0 | 10.2 | 11.1 | |||||||||||||
Payout Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 203 | 0 | ... | |
Cost of Financing | % | ... | -94.2 | -71.6 | -52.5 | -25.8 | -28.7 | ||||||||||||
Net Debt/EBITDA | -5.35 | -5.40 | -4.48 | -3.93 | -1.77 |
balance sheet | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
balance sheet | |||||||||||||||||||
Non-Current Assets | CZK mil | 2,125 | 2,167 | 2,090 | 1,950 | 1,935 | |||||||||||||
Property, Plant & Equipment | CZK mil | 2,083 | 2,120 | 2,049 | 1,908 | 1,887 | |||||||||||||
Intangible Assets | CZK mil | 16.6 | 21.8 | 13.4 | 22.3 | 28.0 | |||||||||||||
Current Assets | CZK mil | 2,977 | 3,084 | 3,265 | 2,861 | 2,681 | |||||||||||||
Inventories | CZK mil | 172 | 152 | 259 | 285 | 297 | |||||||||||||
Receivables | CZK mil | 341 | 416 | 444 | 366 | 416 | |||||||||||||
Cash & Cash Equivalents | CZK mil | 2,202 | 2,310 | 2,515 | 2,177 | 1,067 | |||||||||||||
Total Assets | CZK mil | 5,352 | 5,488 | 5,558 | 4,980 | 4,772 | |||||||||||||
Shareholders' Equity | CZK mil | 4,607 | 4,775 | 5,021 | 4,462 | 4,239 | |||||||||||||
Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||
Liabilities | CZK mil | 745 | 713 | 537 | 518 | 533 | |||||||||||||
Non-Current Liabilities | CZK mil | 145 | 148 | 125 | 129 | 126 | |||||||||||||
Long-Term Debt | CZK mil | 0.705 | 0.705 | 0.705 | 1.20 | 0.690 | |||||||||||||
Deferred Tax Liabilities | CZK mil | 144 | 147 | 124 | 128 | 125 | |||||||||||||
Current Liabilities | CZK mil | 427 | 392 | 351 | 346 | 359 | |||||||||||||
Short-Term Debt | CZK mil | 82.6 | 89.1 | 64.4 | 40.7 | 39.4 | |||||||||||||
Trade Payables | CZK mil | 254 | 192 | 190 | 190 | 198 | |||||||||||||
Provisions | CZK mil | 173 | 173 | 60.2 | 42.4 | 39.2 | |||||||||||||
Equity And Liabilities | CZK mil | 5,352 | 5,488 | 5,558 | 4,980 | 4,772 | |||||||||||||
growth rates | |||||||||||||||||||
Total Asset Growth | % | ... | 5.34 | 2.54 | 1.27 | -10.4 | -4.16 | ||||||||||||
Shareholders' Equity Growth | % | ... | 3.36 | 3.64 | 5.15 | -11.1 | -4.99 | ||||||||||||
Net Debt Growth | % | ... | 3.01 | 4.82 | 10.3 | -12.9 | -51.9 | ||||||||||||
Total Debt Growth | % | ... | ... | -3.02 | 7.88 | -27.6 | -35.6 | -4.44 | |||||||||||
ratios | |||||||||||||||||||
Total Debt | CZK mil | 83.3 | 89.8 | 65.1 | 41.9 | 40.1 | |||||||||||||
Net Debt | CZK mil | -2,118 | -2,220 | -2,450 | -2,135 | -1,027 | |||||||||||||
Working Capital | CZK mil | 259 | 377 | 514 | 461 | 515 | |||||||||||||
Capital Employed | CZK mil | 2,384 | 2,543 | 2,604 | 2,411 | 2,450 | |||||||||||||
Net Debt/Equity | % | -46.0 | -46.5 | -48.8 | -47.8 | -24.2 | |||||||||||||
Cost of Financing | % | ... | -94.2 | -71.6 | -52.5 | -25.8 | -28.7 |
cash flow | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
cash flow | |||||||||||||||||||
Net Profit | CZK mil | 190 | 177 | 293 | 246 | 281 | |||||||||||||
Depreciation | CZK mil | 236 | 250 | 261 | 249 | 242 | |||||||||||||
Non-Cash Items | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 45.9 | ||
Change in Working Capital | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -53.9 | ||
Total Cash From Operations | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 516 | ||
Capital Expenditures | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -228 | ||
Other Investments | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7.96 | ||
Total Cash From Investing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -220 | ||
Dividends Paid | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -500 | ||
Issuance Of Shares | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | ||
Issuance Of Debt | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -1.86 | ||
Total Cash From Financing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -505 | ||
Net Change In Cash | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -209 | ||
ratios | |||||||||||||||||||
Days Sales Outstanding | days | 60.1 | 70.3 | 71.8 | 55.4 | 59.7 | |||||||||||||
Days Sales Of Inventory | days | 42.7 | 35.6 | 58.6 | 62.3 | 62.2 | |||||||||||||
Days Payable Outstanding | days | 63.0 | 44.9 | 42.9 | 41.6 | 41.6 | |||||||||||||
Cash Conversion Cycle | days | 39.7 | 61.0 | 87.5 | 76.1 | 80.4 | |||||||||||||
Cash Earnings | CZK mil | 426 | 427 | 554 | 495 | 524 | |||||||||||||
Free Cash Flow | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 296 |
other data | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
other data | |||||||||||||||||||
ROA | % | 3.65 | 3.26 | 5.31 | 4.67 | 5.77 | |||||||||||||
Gross Margin | % | 28.9 | 27.9 | 28.5 | 30.9 | 31.6 | |||||||||||||
Employees | ... | 614 | 612 | 632 | 663 | 655 | |||||||||||||
Cost Per Employee | USD per month | ... | 2,039 | 1,882 | 1,869 | 1,683 | 1,602 | ||||||||||||
Cost Per Employee (Local Currency) | CZK per month | ... | 36,057 | 36,806 | 36,562 | 35,976 | 38,243 | ||||||||||||
Staff Cost (As % Of Total Cost) | % | 13.9 | 13.5 | 14.0 | 13.5 | 13.6 | |||||||||||||
Effective Tax Rate | % | 20.6 | 20.7 | 10.0 | 20.0 | 19.5 | |||||||||||||
Sales of Beer (hl) | hl | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,318,710 | 1,337,920 | 1,422,730 | 1,457,780 | 1,601,940 | ||||
Sales from Beer | CZK mil | ... | ... | ... | 1,979 | 2,046 | 2,128 | 2,253 | 2,394 | ||||||||||
Sales from Beer Waste | CZK mil | ... | ... | ... | 5.00 | 11.0 | 12.3 | 17.8 | 18.9 | ||||||||||
Sales from Other Products | CZK mil | ... | ... | ... | 22.0 | 24.0 | 24.3 | 26.3 | 28.3 | ||||||||||
Sales from Goods | CZK mil | ... | ... | ... | 44.0 | 58.0 | 61.9 | 74.3 | 80.4 | ||||||||||
Sales From Services | CZK mil | ... | ... | ... | 12.0 | 20.0 | 22.3 | 21.9 | 24.2 | ||||||||||
Number of Active Breweries | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 25.0 | 28.0 | ... | ... | ... | ... | ... | |
Domestic Sales | CZK mil | ... | ... | ... | 1,032 | 1,052 | 988 | 996 | 1,494 | ||||||||||
Capital Expenditures (As % of Sales) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 8.96 | ||
Revenues From Abroad | CZK mil | ... | ... | ... | 1,031 | 1,106 | 1,261 | 1,397 | 1,052 | ||||||||||
Revenues From Abroad (As % Of Total) | % | ... | ... | ... | 49.8 | 51.2 | 55.8 | 57.9 | 41.3 | ||||||||||
Price per Beer (Local Currency) | CZK | ... | ... | ... | ... | ... | ... | ... | ... | ... | 30.0 | 30.6 | 29.9 | 30.9 | 29.9 | ||||
Price per Beer (USD) | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.70 | 1.56 | 1.53 | 1.45 | 1.25 | ||||
Net Profit per Beer (Local Currency) | CZK | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.89 | 2.64 | 4.12 | 3.37 | 3.51 | ||||
Net Profit per Beer (USD) | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.163 | 0.135 | 0.211 | 0.158 | 0.147 |
Get all company financials in excel:
Budějovický Budvar (Budweiser Budvar Brewery) is a brewery in the city of České Budějovice (Budweis), Czech Republic, that is best known for brewing a beer known as Budweiser Budvar. Budějovický Budvar is also the name of the Czech Republic-based producer of the beer. The history of brewing in České Budějovice dates back to the 13th century, when the city received the brewing rights. The original Budweiser Bier or Budweiser Bürgerbräu was founded here in 1785. The company began exporting to the United States in 1871. In the U.S., Anheuser-Busch started using the Budweiser brand in 1876 and registered it two years later. When another Czech company (now named Budvar) started exporting beer under the name Budweiser into the US market in 1895, the Budweiser trademark dispute started. Budějovický Budvar remains a state-owned company managed by the Ministry of Agriculture
Budejovicky Budvar has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 6.38% a year during that time to total of CZK 560 mil in 2017, or 22.0% of sales. That’s compared to 22.7% average margin seen in last five years.
The company netted CZK 255 mil in 2017 implying ROE of 5.51% and ROCE of 9.08%. Again, the average figures were 5.84% and 10.5%, respectively when looking at the previous 5 years.
Budejovicky Budvar’s net debt amounted to CZK -1,634 mil at the end of 2017, or -34.4% of equity. When compared to EBITDA, net debt was -2.92x, up when compared to average of -3.27x seen in the last 5 years.