By Helgi Library - April 2, 2020
CGS Holding's total assets reached CZK 14,595 mil at the end of 2015, up 3.56% compared to the previous year. Curr...
By Helgi Library - April 2, 2020
CGS Holding's total assets reached CZK 14,595 mil at the end of 2015, up 3.56% compared to the previous year. Curr...
| Profit Statement | 2013 | 2014 | 2015 | |
| Sales | CZK mil | 16,747 | 16,803 | 16,269 |
| Gross Profit | CZK mil | 5,921 | 6,507 | 6,692 |
| EBITDA | CZK mil | 2,878 | 3,321 | 3,267 |
| EBIT | CZK mil | 2,250 | 2,689 | 2,615 |
| Financing Cost | CZK mil | 181 | 140 | 196 |
| Pre-Tax Profit | CZK mil | 2,053 | 2,534 | 2,418 |
| Net Profit | CZK mil | 1,698 | 2,109 | 1,940 |
| Balance Sheet | 2013 | 2014 | 2015 | |
| Total Assets | CZK mil | 14,054 | 14,093 | 14,595 |
| Non-Current Assets | CZK mil | 7,718 | 7,932 | 8,034 |
| Current Assets | CZK mil | 6,222 | 6,077 | 6,441 |
| Working Capital | CZK mil | 3,541 | 3,624 | 3,556 |
| Shareholders' Equity | CZK mil | 7,045 | 9,204 | 10,671 |
| Liabilities | CZK mil | 7,009 | 4,889 | 3,923 |
| Total Debt | CZK mil | 3,465 | 2,021 | 1,315 |
| Net Debt | CZK mil | 2,953 | 1,393 | 149 |
| Ratios | 2013 | 2014 | 2015 | |
| ROE | % | 26.8 | 26.0 | 19.5 |
| ROCE | % | 17.7 | 18.5 | 16.8 |
| Gross Margin | % | 35.4 | 38.7 | 41.1 |
| EBITDA Margin | % | 17.2 | 19.8 | 20.1 |
| EBIT Margin | % | 13.4 | 16.0 | 16.1 |
| Net Margin | % | 10.1 | 12.5 | 11.9 |
| Net Debt/EBITDA | 1.03 | 0.419 | 0.046 | |
| Net Debt/Equity | 0.419 | 0.151 | 0.014 | |
| Cost of Financing | % | 6.17 | 5.11 | 11.8 |
| Cash Flow | 2013 | 2014 | 2015 | |
| Cash Conversion Cycle | days | 88.0 | 95.9 | 98.8 |
| Cash Earnings | CZK mil | 2,326 | 2,741 | 2,592 |
Get all company financials in excel:
| summary | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | ||||||||||||||||
| Sales | CZK mil | 8,683 | 10,784 | 13,858 | 13,774 | 16,747 | ||||||||||
| Gross Profit | CZK mil | 3,254 | 3,585 | 3,501 | 4,283 | 5,921 | ||||||||||
| EBIT | CZK mil | 390 | 580 | 446 | 1,415 | 2,250 | ||||||||||
| Net Profit | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 165 | 302 | 448 | 1,159 | 1,698 | ||
| ROE | % | ... | ... | ... | ... | ... | ... | ... | ... | 4.84 | 8.28 | 10.6 | 22.8 | 26.8 | ||
| EBIT Margin | % | 4.49 | 5.38 | 3.22 | 10.3 | 13.4 | ||||||||||
| Net Margin | % | ... | ... | ... | ... | ... | ... | ... | ... | 1.90 | 2.80 | 3.23 | 8.41 | 10.1 | ||
| Employees | 5,430 | 5,457 | 5,885 | 5,331 | 6,233 | |||||||||||
| balance sheet | ||||||||||||||||
| Total Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10,417 | 10,866 | 14,054 | ||
| Non-Current Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5,086 | 5,615 | 7,718 | ||
| Current Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5,281 | 5,191 | 6,222 | ||
| Shareholders' Equity | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 3,410 | 3,894 | 4,547 | 5,628 | 7,045 | ||
| Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5,870 | 5,237 | 7,009 | ||
| Non-Current Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 704 | 267 | 488 | ||
| Current Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,624 | 2,418 | 2,761 | ||
| Net Debt/EBITDA | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.81 | 0.798 | 1.03 | |||
| Net Debt/Equity | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.565 | 0.266 | 0.419 | |||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.76 | 6.17 |
| income statement | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | ||||||||||||||||
| Sales | CZK mil | 8,683 | 10,784 | 13,858 | 13,774 | 16,747 | ||||||||||
| Cost of Goods & Services | CZK mil | 5,429 | 7,198 | 10,356 | 9,491 | 10,825 | ||||||||||
| Gross Profit | CZK mil | 3,254 | 3,585 | 3,501 | 4,283 | 5,921 | ||||||||||
| Staff Cost | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 1,893 | 2,001 | 2,253 | 2,097 | 2,904 | ||
| Other Cost | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 253 | 293 | 334 | 309 | 140 | ||
| EBITDA | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 1,107 | 1,291 | 914 | 1,877 | 2,878 | ||
| Depreciation | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 717 | 711 | 468 | 461 | 629 | ||
| EBIT | CZK mil | 390 | 580 | 446 | 1,415 | 2,250 | ||||||||||
| Financing Cost | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -11.4 | 46.5 | 181 | ||
| Extraordinary Cost | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.00 | 0.619 | 15.8 | ||
| Pre-Tax Profit | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 457 | 1,368 | 2,053 | ||
| Tax | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 8.45 | 209 | 356 | ||
| Minorities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.023 | 0 | 0 | ||
| Net Profit | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 165 | 302 | 448 | 1,159 | 1,698 | ||
| growth rates | ||||||||||||||||
| Total Revenue Growth | % | ... | -24.4 | 24.2 | 28.5 | -0.604 | 21.6 | |||||||||
| Operating Cost Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 6.90 | 12.8 | -7.01 | 26.5 | ||
| EBITDA Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 16.6 | -29.2 | 105 | 53.4 | ||
| EBIT Growth | % | ... | -45.8 | 48.6 | -23.0 | 217 | 59.0 | |||||||||
| Pre-Tax Profit Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 200 | 50.1 | ||
| Net Profit Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 83.3 | 48.2 | 159 | 46.5 | ||
| ratios | ||||||||||||||||
| ROE | % | ... | ... | ... | ... | ... | ... | ... | ... | 4.84 | 8.28 | 10.6 | 22.8 | 26.8 | ||
| ROCE | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 14.5 | 17.7 | ||
| Gross Margin | % | 37.5 | 33.2 | 25.3 | 31.1 | 35.4 | ||||||||||
| EBITDA Margin | % | ... | ... | ... | ... | ... | ... | ... | ... | 12.8 | 12.0 | 6.60 | 13.6 | 17.2 | ||
| EBIT Margin | % | 4.49 | 5.38 | 3.22 | 10.3 | 13.4 | ||||||||||
| Net Margin | % | ... | ... | ... | ... | ... | ... | ... | ... | 1.90 | 2.80 | 3.23 | 8.41 | 10.1 | ||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.76 | 6.17 | ||
| Net Debt/EBITDA | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.81 | 0.798 | 1.03 |
| balance sheet | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| balance sheet | ||||||||||||||||
| Non-Current Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5,086 | 5,615 | 7,718 | ||
| Property, Plant & Equipment | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3,793 | 4,332 | 6,512 | ||
| Intangible Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 39.4 | 45.5 | 49.3 | ||
| Current Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5,281 | 5,191 | 6,222 | ||
| Inventories | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,065 | 2,025 | 2,626 | ||
| Receivables | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,485 | 1,912 | 2,631 | ||
| Cash & Cash Equivalents | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 321 | 891 | 512 | ||
| Total Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10,417 | 10,866 | 14,054 | ||
| Shareholders' Equity | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 3,410 | 3,894 | 4,547 | 5,628 | 7,045 | ||
| Of Which Minority Interest | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3.50 | 0 | 0 | ||
| Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5,870 | 5,237 | 7,009 | ||
| Non-Current Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 704 | 267 | 488 | ||
| Long-Term Debt | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 648 | 953 | 2,511 | ||
| Deferred Tax Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 76.6 | 76.5 | 58.7 | ||
| Current Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,624 | 2,418 | 2,761 | ||
| Short-Term Debt | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,240 | 1,436 | 954 | ||
| Trade Payables | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,670 | 1,584 | 1,715 | ||
| Provisions | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 99.5 | 285 | 560 | ||
| Equity And Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10,417 | 10,866 | 14,054 | ||
| growth rates | ||||||||||||||||
| Total Asset Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4.30 | 29.3 | ||
| Shareholders' Equity Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 14.2 | 16.8 | 23.8 | 25.2 | ||
| Net Debt Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -41.7 | 97.2 | ||
| Total Debt Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -17.3 | 45.0 | ||
| ratios | ||||||||||||||||
| Total Debt | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,888 | 2,389 | 3,465 | ||
| Net Debt | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,567 | 1,498 | 2,953 | ||
| Working Capital | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,880 | 2,353 | 3,541 | ||
| Capital Employed | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7,966 | 7,968 | 11,259 | ||
| Net Debt/Equity | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.565 | 0.266 | 0.419 | |||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.76 | 6.17 |
| cash flow | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| cash flow | ||||||||||||||||
| Net Profit | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 165 | 302 | 448 | 1,159 | 1,698 | ||
| Depreciation | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 717 | 711 | 468 | 461 | 629 | ||
| ratios | ||||||||||||||||
| Days Sales Outstanding | days | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 65.5 | 50.7 | 57.3 | ||
| Days Sales Of Inventory | days | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 72.8 | 77.9 | 88.5 | ||
| Days Payable Outstanding | days | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 58.8 | 60.9 | 57.8 | ||
| Cash Conversion Cycle | days | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 79.4 | 67.6 | 88.0 | ||
| Cash Earnings | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 882 | 1,013 | 916 | 1,620 | 2,326 |
| other data | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| other data | ||||||||||||||||
| ROA | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4.30 | 10.9 | 13.6 | ||
| Gross Margin | % | 37.5 | 33.2 | 25.3 | 31.1 | 35.4 | ||||||||||
| Employees | 5,430 | 5,457 | 5,885 | 5,331 | 6,233 | |||||||||||
| Cost Per Employee | USD per month | ... | ... | ... | ... | ... | ... | ... | ... | 1,525 | 1,599 | 1,804 | 1,676 | 1,984 | ||
| Cost Per Employee (Local Currency) | CZK per month | ... | ... | ... | ... | ... | ... | ... | ... | 29,058 | 30,564 | 31,904 | 32,786 | 38,819 | ||
| Staff Cost (As % Of Total Cost) | % | ... | ... | ... | ... | ... | ... | ... | ... | 22.8 | 19.6 | 16.8 | 17.0 | 20.0 | ||
| Effective Tax Rate | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.85 | 15.3 | 17.3 | ||
| Domestic Sales | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,067 | 2,198 | 1,760 | ||
| Revenues From Abroad | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 11,790 | 11,503 | 14,986 | ||
| Revenues From Abroad (As % Of Total) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 85.1 | 83.5 | 89.5 |
Get all company financials in excel:
CGS Holding a.s. is a Czech Republic-based manufacturer of automobile tires for offroad and agricultural use. ČGS is a holding company with a wide portfolio of rubber products. The Company was previously known as BARUM Holding. Through a number of acquisitions, the Company created Česká gumárenská společnost in 1996. The Concern is structured into two divisions - tyre and technical rubber divisions. The core of the tyre division is MITAS a.s., which operates three production plants in the Czech Republic, one in Serbia and one in the US and maintains a global retail and distribution network. The technical rubber division is represented by RUBENA a.s. and SAVATECH d.o.o. RUBENA a.s. operates in Hradec Králové, Náchod, Zlín and in Mexico and produces a wide range of various products from technical rubber. The Company was incorporated in 2011 and is based in Prague, Czech Republic.
CGS Holding has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 20.4% a year during that time to total of CZK 3,267 mil in 2015, or 20.1% of sales. That’s compared to 15.5% average margin seen in last five years.
The company netted CZK 1,940 mil in 2015 implying ROE of 19.5% and ROCE of 16.8%. Again, the average figures were 21.1% and 16.9%, respectively when looking at the previous 5 years.
CGS Holding’s net debt amounted to CZK 149 mil at the end of 2015, or 0.014 of equity. When compared to EBITDA, net debt was 0.046x, down when compared to average of 1.02x seen in the last 5 years.
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