By Helgi Library - April 2, 2020
Cedok's total assets reached CZK 414 mil at the end of 2015, down 33.9% compared to the previous year. Current ass...
By Helgi Library - April 2, 2020
Cedok's total assets reached CZK 414 mil at the end of 2015, down 33.9% compared to the previous year. Current ass...
| Profit Statement | 2013 | 2014 | 2015 | |
| Sales | CZK mil | 2,648 | 2,479 | 1,962 |
| Gross Profit | CZK mil | 101 | 65.1 | 54.1 |
| EBITDA | CZK mil | -33.9 | -40.3 | -119 |
| EBIT | CZK mil | -51.7 | -53.2 | -132 |
| Financing Cost | CZK mil | -67.0 | -40.9 | 50.3 |
| Pre-Tax Profit | CZK mil | 15.3 | -12.3 | -182 |
| Net Profit | CZK mil | 15.3 | -6.63 | -161 |
| Balance Sheet | 2013 | 2014 | 2015 | |
| Total Assets | CZK mil | 667 | 626 | 414 |
| Non-Current Assets | CZK mil | 157 | 176 | 147 |
| Current Assets | CZK mil | 458 | 387 | 225 |
| Working Capital | CZK mil | 33.0 | 50.4 | 5.04 |
| Shareholders' Equity | CZK mil | 288 | 263 | 112 |
| Liabilities | CZK mil | 379 | 363 | 301 |
| Total Debt | CZK mil | 275 | 269 | 222 |
| Net Debt | CZK mil | 227 | 253 | 183 |
| Ratios | 2013 | 2014 | 2015 | |
| ROE | % | 5.46 | -2.41 | -85.6 |
| ROCE | % | 7.75 | -3.18 | -84.9 |
| Gross Margin | % | 3.81 | 2.62 | 2.76 |
| EBITDA Margin | % | -1.28 | -1.62 | -6.05 |
| EBIT Margin | % | -1.95 | -2.15 | -6.72 |
| Net Margin | % | 0.577 | -0.267 | -8.18 |
| Net Debt/EBITDA | -6.71 | -6.29 | -1.54 | |
| Net Debt/Equity | 0.788 | 0.964 | 1.63 | |
| Cost of Financing | % | -24.6 | -15.1 | 20.5 |
| Cash Flow | 2013 | 2014 | 2015 | |
| Cash Conversion Cycle | days | 4.30 | 7.25 | 0.668 |
| Cash Earnings | CZK mil | 33.2 | 6.33 | -147 |
Get all company financials in excel:
| summary | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | ||||||||||
| Sales | CZK mil | 3,193 | 3,130 | 2,820 | 3,036 | 2,648 | ||||
| Gross Profit | CZK mil | 240 | 233 | 178 | 123 | 101 | ||||
| EBIT | CZK mil | 66.4 | 49.2 | 17.3 | -48.6 | -51.7 | ||||
| Net Profit | CZK mil | 37.1 | 14.0 | 4.00 | -39.6 | 15.3 | ||||
| ROE | % | 10.2 | 4.13 | 1.25 | -13.4 | 5.46 | ||||
| EBIT Margin | % | 2.08 | 1.57 | 0.615 | -1.60 | -1.95 | ||||
| Net Margin | % | 1.16 | 0.448 | 0.142 | -1.30 | 0.577 | ||||
| Employees | 392 | 377 | 362 | 348 | 333 | |||||
| balance sheet | ||||||||||
| Total Assets | CZK mil | 699 | 695 | 684 | 657 | 667 | ||||
| Non-Current Assets | CZK mil | 222 | 189 | 179 | 164 | 157 | ||||
| Current Assets | CZK mil | 424 | 406 | 426 | 441 | 458 | ||||
| Shareholders' Equity | CZK mil | 353 | 325 | 316 | 273 | 288 | ||||
| Liabilities | CZK mil | 346 | 370 | 368 | 385 | 379 | ||||
| Non-Current Liabilities | CZK mil | 14.1 | 13.0 | 13.0 | 13.0 | 13.0 | ||||
| Current Liabilities | CZK mil | 329 | 318 | 320 | 306 | 303 | ||||
| Net Debt/EBITDA | 1.58 | 2.02 | 3.74 | -10.6 | -6.71 | |||||
| Net Debt/Equity | 0.528 | 0.610 | 0.650 | 0.731 | 0.788 | |||||
| Cost of Financing | % | ... | 9.47 | 14.6 | 5.38 | -3.46 | -24.6 |
| income statement | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | ||||||||||
| Sales | CZK mil | 3,193 | 3,130 | 2,820 | 3,036 | 2,648 | ||||
| Cost of Goods & Services | CZK mil | 2,952 | 2,897 | 2,641 | 2,913 | 2,548 | ||||
| Gross Profit | CZK mil | 240 | 233 | 178 | 123 | 101 | ||||
| Staff Cost | CZK mil | 172 | 165 | 158 | 156 | 144 | ||||
| Other Cost | CZK mil | -49.6 | -30.3 | -34.4 | -14.1 | -8.86 | ||||
| EBITDA | CZK mil | 118 | 98.3 | 55.0 | -18.8 | -33.9 | ||||
| Depreciation | CZK mil | 51.6 | 49.1 | 37.7 | 29.8 | 17.9 | ||||
| EBIT | CZK mil | 66.4 | 49.2 | 17.3 | -48.6 | -51.7 | ||||
| Financing Cost | CZK mil | 23.8 | 34.9 | 13.3 | -9.04 | -67.0 | ||||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||
| Pre-Tax Profit | CZK mil | 42.6 | 14.3 | 4.05 | -39.6 | 15.3 | ||||
| Tax | CZK mil | 5.52 | 0.274 | 0.041 | 0 | 0 | ||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||
| Net Profit | CZK mil | 37.1 | 14.0 | 4.00 | -39.6 | 15.3 | ||||
| growth rates | ||||||||||
| Total Revenue Growth | % | ... | -10.5 | -1.97 | -9.90 | 7.68 | -12.8 | |||
| Operating Cost Growth | % | ... | 5.95 | 9.97 | -8.29 | 15.2 | -5.30 | |||
| EBITDA Growth | % | ... | -18.0 | -16.7 | -44.0 | -134 | 79.9 | |||
| EBIT Growth | % | ... | -25.7 | -25.9 | -64.8 | -380 | 6.38 | |||
| Pre-Tax Profit Growth | % | ... | -24.6 | -66.5 | -71.7 | -1,078 | -139 | |||
| Net Profit Growth | % | ... | -14.8 | -62.2 | -71.4 | -1,088 | -139 | |||
| ratios | ||||||||||
| ROE | % | 10.2 | 4.13 | 1.25 | -13.4 | 5.46 | ||||
| ROCE | % | ... | 14.1 | 5.28 | 1.70 | -18.1 | 7.75 | |||
| Gross Margin | % | 7.53 | 7.44 | 6.33 | 4.06 | 3.81 | ||||
| EBITDA Margin | % | 3.70 | 3.14 | 1.95 | -0.620 | -1.28 | ||||
| EBIT Margin | % | 2.08 | 1.57 | 0.615 | -1.60 | -1.95 | ||||
| Net Margin | % | 1.16 | 0.448 | 0.142 | -1.30 | 0.577 | ||||
| Cost of Financing | % | ... | 9.47 | 14.6 | 5.38 | -3.46 | -24.6 | |||
| Net Debt/EBITDA | 1.58 | 2.02 | 3.74 | -10.6 | -6.71 |
| balance sheet | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| balance sheet | ||||||||||
| Non-Current Assets | CZK mil | 222 | 189 | 179 | 164 | 157 | ||||
| Property, Plant & Equipment | CZK mil | 130 | 113 | 91.2 | 79.0 | 68.5 | ||||
| Intangible Assets | CZK mil | 75.7 | 59.9 | 51.6 | 49.3 | 53.3 | ||||
| Current Assets | CZK mil | 424 | 406 | 426 | 441 | 458 | ||||
| Inventories | CZK mil | 6.24 | 6.81 | 7.20 | 7.56 | 7.66 | ||||
| Receivables | CZK mil | 124 | 116 | 115 | 106 | 77.7 | ||||
| Cash & Cash Equivalents | CZK mil | 52.3 | 42.7 | 47.8 | 69.6 | 48.1 | ||||
| Total Assets | CZK mil | 699 | 695 | 684 | 657 | 667 | ||||
| Shareholders' Equity | CZK mil | 353 | 325 | 316 | 273 | 288 | ||||
| Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||
| Liabilities | CZK mil | 346 | 370 | 368 | 385 | 379 | ||||
| Non-Current Liabilities | CZK mil | 14.1 | 13.0 | 13.0 | 13.0 | 13.0 | ||||
| Long-Term Debt | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||
| Deferred Tax Liabilities | CZK mil | 14.1 | 13.0 | 13.0 | 13.0 | 13.0 | ||||
| Current Liabilities | CZK mil | 329 | 318 | 320 | 306 | 303 | ||||
| Short-Term Debt | CZK mil | 239 | 241 | 253 | 269 | 275 | ||||
| Trade Payables | CZK mil | 60.2 | 74.1 | 68.8 | 72.1 | 52.4 | ||||
| Provisions | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||
| Equity And Liabilities | CZK mil | 699 | 695 | 684 | 657 | 667 | ||||
| growth rates | ||||||||||
| Total Asset Growth | % | ... | -13.5 | -0.586 | -1.58 | -3.90 | 1.41 | |||
| Shareholders' Equity Growth | % | ... | -5.59 | -7.86 | -2.77 | -13.7 | 5.63 | |||
| Net Debt Growth | % | ... | 27.2 | 6.54 | 3.55 | -3.03 | 14.0 | |||
| Total Debt Growth | % | ... | -9.87 | 1.07 | 5.06 | 6.13 | 2.36 | |||
| ratios | ||||||||||
| Total Debt | CZK mil | 239 | 241 | 253 | 269 | 275 | ||||
| Net Debt | CZK mil | 186 | 198 | 205 | 199 | 227 | ||||
| Working Capital | CZK mil | 70.0 | 48.8 | 53.3 | 41.3 | 33.0 | ||||
| Capital Employed | CZK mil | 292 | 238 | 233 | 205 | 190 | ||||
| Net Debt/Equity | 0.528 | 0.610 | 0.650 | 0.731 | 0.788 | |||||
| Cost of Financing | % | ... | 9.47 | 14.6 | 5.38 | -3.46 | -24.6 |
| cash flow | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| cash flow | ||||||||||
| Net Profit | CZK mil | 37.1 | 14.0 | 4.00 | -39.6 | 15.3 | ||||
| Depreciation | CZK mil | 51.6 | 49.1 | 37.7 | 29.8 | 17.9 | ||||
| ratios | ||||||||||
| Days Sales Outstanding | days | 14.2 | 13.5 | 14.9 | 12.7 | 10.7 | ||||
| Days Sales Of Inventory | days | 0.772 | 0.857 | 0.995 | 0.948 | 1.10 | ||||
| Days Payable Outstanding | days | 7.44 | 9.33 | 9.51 | 9.03 | 7.50 | ||||
| Cash Conversion Cycle | days | 7.50 | 5.07 | 6.36 | 4.63 | 4.30 | ||||
| Cash Earnings | CZK mil | 88.6 | 63.1 | 41.7 | -9.78 | 33.2 |
| other data | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| other data | ||||||||||
| ROA | % | 4.92 | 2.01 | 0.581 | -5.90 | 2.31 | ||||
| Gross Margin | % | 7.53 | 7.44 | 6.33 | 4.06 | 3.81 | ||||
| Employees | 392 | 377 | 362 | 348 | 333 | |||||
| Cost Per Employee | USD per month | 1,919 | 1,908 | 2,055 | 1,913 | 1,836 | ||||
| Cost Per Employee (Local Currency) | CZK per month | 36,571 | 36,465 | 36,340 | 37,418 | 35,915 | ||||
| Staff Cost (As % Of Total Cost) | % | 5.50 | 5.36 | 5.63 | 5.07 | 5.32 | ||||
| Effective Tax Rate | % | 13.0 | 1.92 | 1.01 | 0 | 0 | ||||
| Domestic Sales | CZK mil | 3,082 | 3,031 | 2,732 | 2,955 | 2,572 | ||||
| Revenues From Abroad | CZK mil | 111 | 98.8 | 88.2 | 81.0 | 76.6 | ||||
| Revenues From Abroad (As % Of Total) | % | 3.48 | 3.16 | 3.13 | 2.67 | 2.89 |
Get all company financials in excel:
Čedok a.s., is a Czech Republic-based travel agency providing transportation services to tourists in Czech Republic and Europe. It also provides air transportation services using fleet of Boeing and aircrafts. Cedok a.s. was founded in 1920 and is headquartered in Praha, Czech Republic. The company also has offices in London, Paris, Frankfurt am Main, Vienna, Zurich, Moscow, and the Czech Republic.
Cedok has been growing its sales by a year on average in the last 5 years. EBITDA has fallen by 221% during that time to total of CZK -119 mil in 2015, or -6.05% of sales. That’s compared to -1.52% average margin seen in last five years.
The company netted CZK -161 mil in 2015 implying ROE of -85.6% and ROCE of -84.9%. Again, the average figures were -18.9% and -19.3%, respectively when looking at the previous 5 years.
Cedok’s net debt amounted to CZK 183 mil at the end of 2015, or 1.63 of equity. When compared to EBITDA, net debt was -1.54x, up when compared to average of -4.28x seen in the last 5 years.
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