By Helgi Library - April 2, 2020
Djuro Djakovic Holding's total assets reached HRK 508 mil at the end of 2015, down 1.56% compared to the previous year. ...
By Helgi Library - April 2, 2020
Djuro Djakovic Holding's total assets reached HRK 508 mil at the end of 2015, down 1.56% compared to the previous year. ...
| Profit Statement | 2013 | 2014 | 2015 | |
| Sales | HRK mil | 612 | 382 | 396 |
| Gross Profit | HRK mil | 154 | 136 | 116 |
| EBITDA | HRK mil | -99.2 | -65.7 | -25.8 |
| EBIT | HRK mil | -119 | -83.6 | -45.7 |
| Financing Cost | HRK mil | 5.89 | 12.4 | 14.0 |
| Pre-Tax Profit | HRK mil | -124 | -96.2 | -59.6 |
| Net Profit | HRK mil | -119 | -95.1 | -58.4 |
| Balance Sheet | 2013 | 2014 | 2015 | |
| Total Assets | HRK mil | 607 | 516 | 508 |
| Non-Current Assets | HRK mil | 204 | 246 | 273 |
| Current Assets | HRK mil | 402 | 270 | 235 |
| Working Capital | HRK mil | 49.1 | 65.9 | 74.8 |
| Shareholders' Equity | HRK mil | 80.6 | 72.6 | 9.67 |
| Liabilities | HRK mil | 526 | 443 | 498 |
| Total Debt | HRK mil | 187 | 225 | 305 |
| Net Debt | HRK mil | 43.6 | 171 | 267 |
| Ratios | 2013 | 2014 | 2015 | |
| ROE | % | -85.0 | -124 | -142 |
| ROCE | % | -35.6 | -33.6 | -17.7 |
| Gross Margin | % | 25.2 | 35.7 | 29.2 |
| EBITDA Margin | % | -16.2 | -17.2 | -6.50 |
| EBIT Margin | % | -19.4 | -21.9 | -11.5 |
| Net Margin | % | -19.5 | -24.9 | -14.7 |
| Net Debt/EBITDA | -0.440 | -2.61 | -10.4 | |
| Net Debt/Equity | 0.541 | 2.36 | 27.6 | |
| Cost of Financing | % | 3.52 | 6.04 | 5.28 |
| Valuation | 2013 | 2014 | 2015 | |
| Market Capitalisation | USD mil | 39.6 | 39.6 | 31.8 |
| Enterprise Value (EV) | USD mil | 47.5 | 66.6 | 73.9 |
| Number Of Shares | mil | 3.24 | 7.60 | 7.60 |
| Share Price | HRK | 67.5 | 33.0 | 26.5 |
| EV/EBITDA | -2.73 | -6.02 | -17.0 | |
| EV/Sales | 0.443 | 1.03 | 1.11 | |
| Price/Earnings (P/E) | -1.84 | -2.64 | -3.45 | |
| Price/Book Value (P/BV) | 2.71 | 3.45 | 20.8 | |
Get all company financials in excel:
| summary | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | |||||||||||||||
| Sales | HRK mil | 468 | 255 | 774 | 1,079 | 612 | |||||||||
| Gross Profit | HRK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 180 | 154 | ||
| EBIT | HRK mil | -31.9 | -33.3 | 15.4 | 6.87 | -119 | |||||||||
| Net Profit | HRK mil | -22.1 | -50.5 | 9.40 | -4.58 | -119 | |||||||||
| ROE | % | -6.50 | -17.8 | 3.61 | -1.98 | -85.0 | |||||||||
| EBIT Margin | % | -6.81 | -13.1 | 1.99 | 0.637 | -19.4 | |||||||||
| Net Margin | % | -4.72 | -19.8 | 1.21 | -0.425 | -19.5 | |||||||||
| balance sheet | |||||||||||||||
| Total Assets | HRK mil | 629 | 655 | 772 | 597 | 607 | |||||||||
| Non-Current Assets | HRK mil | 281 | 240 | 209 | 225 | 204 | |||||||||
| Current Assets | HRK mil | 348 | 415 | 563 | 364 | 402 | |||||||||
| Shareholders' Equity | HRK mil | 308 | 257 | 263 | 200 | 80.6 | |||||||||
| Liabilities | HRK mil | 320 | 398 | 508 | 397 | 526 | |||||||||
| Non-Current Liabilities | HRK mil | 150 | 247 | 215 | 157 | 103 | |||||||||
| Current Liabilities | HRK mil | 170 | 151 | 294 | 241 | 423 | |||||||||
| Net Debt/EBITDA | -12.3 | -17.4 | 4.69 | 4.84 | -0.440 | ||||||||||
| Net Debt/Equity | 0.615 | 1.12 | 0.580 | 0.608 | 0.541 | ||||||||||
| Cost of Financing | % | ... | 6.36 | 4.85 | 4.82 | 7.16 | 3.52 | ||||||||
| cash flow | |||||||||||||||
| Total Cash From Operations | HRK mil | -128 | -113 | 81.4 | 3.78 | 52.6 | |||||||||
| Total Cash From Investing | HRK mil | 51.1 | -7.97 | 15.2 | 1.24 | 9.73 | |||||||||
| Total Cash From Financing | HRK mil | 68.9 | 107 | -62.9 | -38.8 | 55.2 | |||||||||
| Net Change In Cash | HRK mil | -8.11 | -14.6 | 33.7 | -33.7 | 118 | |||||||||
| valuation | |||||||||||||||
| Market Capitalisation | USD mil | ... | ... | ... | ... | 22.3 | 18.2 | 27.9 | 44.4 | 39.6 | |||||
| Number Of Shares | mil | 3.24 | 3.24 | 3.24 | 3.24 | 3.24 | |||||||||
| Share Price | HRK | ... | ... | ... | ... | 35.1 | 31.1 | 50.2 | 78.7 | 67.5 | |||||
| Earnings Per Share (EPS) | HRK | -6.83 | -15.6 | 2.90 | -1.41 | -36.8 | |||||||||
| Book Value Per Share | HRK | 95.3 | 79.5 | 81.4 | 61.7 | 24.9 | |||||||||
| Price/Earnings (P/E) | ... | ... | ... | ... | -5.13 | -1.99 | 17.3 | -55.6 | -1.84 | ||||||
| Price/Book Value (P/BV) | ... | ... | ... | ... | 0.368 | 0.391 | 0.617 | 1.28 | 2.71 | ||||||
| Earnings Per Share Growth | % | ... | -1,392 | 128 | -119 | -149 | 2,498 | ||||||||
| Book Value Per Share Growth | % | ... | -18.3 | -16.6 | 2.32 | -24.2 | -59.7 |
| income statement | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | |||||||||||||||
| Sales | HRK mil | 468 | 255 | 774 | 1,079 | 612 | |||||||||
| Cost of Goods & Services | HRK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 899 | 457 | ||
| Gross Profit | HRK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 180 | 154 | ||
| EBITDA | HRK mil | -15.4 | -16.5 | 32.6 | 25.1 | -99.2 | |||||||||
| Depreciation | HRK mil | 16.5 | 16.8 | 17.2 | 18.2 | 19.4 | |||||||||
| EBIT | HRK mil | -31.9 | -33.3 | 15.4 | 6.87 | -119 | |||||||||
| Financing Cost | HRK mil | 13.7 | 12.3 | 12.2 | 12.5 | 5.89 | |||||||||
| Extraordinary Cost | HRK mil | -22.9 | 4.69 | -8.76 | 0 | -0.120 | |||||||||
| Pre-Tax Profit | HRK mil | -22.7 | -50.3 | 12.0 | -5.67 | -124 | |||||||||
| Tax | HRK mil | -0.127 | 0.267 | 2.73 | 0.250 | 0 | |||||||||
| Minorities | HRK mil | -0.426 | -0.084 | -0.120 | -1.35 | -5.17 | |||||||||
| Net Profit | HRK mil | -22.1 | -50.5 | 9.40 | -4.58 | -119 | |||||||||
| growth rates | |||||||||||||||
| Total Revenue Growth | % | ... | -44.5 | -45.5 | 203 | 39.4 | -43.3 | ||||||||
| EBITDA Growth | % | ... | -164 | 7.20 | -297 | -23.1 | -496 | ||||||||
| EBIT Growth | % | ... | -2,063 | 4.49 | -146 | -55.4 | -1,825 | ||||||||
| Pre-Tax Profit Growth | % | ... | -460 | 122 | -124 | -147 | 2,092 | ||||||||
| Net Profit Growth | % | ... | -1,411 | 128 | -119 | -149 | 2,501 | ||||||||
| ratios | |||||||||||||||
| ROE | % | -6.50 | -17.8 | 3.61 | -1.98 | -85.0 | |||||||||
| ROCE | % | ... | -4.26 | -10.1 | 1.85 | -1.01 | -35.6 | ||||||||
| Gross Margin | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 16.7 | 25.2 | ||
| EBITDA Margin | % | -3.29 | -6.46 | 4.21 | 2.32 | -16.2 | |||||||||
| EBIT Margin | % | -6.81 | -13.1 | 1.99 | 0.637 | -19.4 | |||||||||
| Net Margin | % | -4.72 | -19.8 | 1.21 | -0.425 | -19.5 | |||||||||
| Cost of Financing | % | ... | 6.36 | 4.85 | 4.82 | 7.16 | 3.52 | ||||||||
| Net Debt/EBITDA | -12.3 | -17.4 | 4.69 | 4.84 | -0.440 |
| balance sheet | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| balance sheet | |||||||||||||||
| Non-Current Assets | HRK mil | 281 | 240 | 209 | 225 | 204 | |||||||||
| Property, Plant & Equipment | HRK mil | 182 | 176 | 173 | 187 | 164 | |||||||||
| Intangible Assets | HRK mil | 8.07 | 5.98 | 7.28 | 27.3 | 24.6 | |||||||||
| Current Assets | HRK mil | 348 | 415 | 563 | 364 | 402 | |||||||||
| Inventories | HRK mil | 112 | 220 | 274 | 124 | 122 | |||||||||
| Receivables | HRK mil | 174 | 149 | 170 | 213 | 136 | |||||||||
| Cash & Cash Equivalents | HRK mil | 15.2 | 14.7 | 50.2 | 25.9 | 144 | |||||||||
| Total Assets | HRK mil | 629 | 655 | 772 | 597 | 607 | |||||||||
| Shareholders' Equity | HRK mil | 308 | 257 | 263 | 200 | 80.6 | |||||||||
| Of Which Minority Interest | HRK mil | 1.98 | 0.751 | 0.638 | 2.07 | 7.24 | |||||||||
| Liabilities | HRK mil | 320 | 398 | 508 | 397 | 526 | |||||||||
| Non-Current Liabilities | HRK mil | 150 | 247 | 215 | 157 | 103 | |||||||||
| Long-Term Debt | HRK mil | 135 | 232 | 193 | 131 | 78.0 | |||||||||
| Current Liabilities | HRK mil | 170 | 151 | 294 | 241 | 423 | |||||||||
| Short-Term Debt | HRK mil | 70.0 | 70.0 | 9.58 | 16.5 | 109 | |||||||||
| Trade Payables | HRK mil | 100 | 80.0 | 162 | 146 | 209 | |||||||||
| Equity And Liabilities | HRK mil | 629 | 655 | 772 | 597 | 607 | |||||||||
| growth rates | |||||||||||||||
| Total Asset Growth | % | ... | -21.4 | 4.17 | 17.8 | -22.6 | 1.64 | ||||||||
| Shareholders' Equity Growth | % | ... | -17.1 | -16.6 | 2.32 | -24.2 | -59.7 | ||||||||
| Net Debt Growth | % | ... | 4.74 | 51.4 | -46.8 | -20.6 | -64.1 | ||||||||
| Total Debt Growth | % | ... | -9.16 | 47.4 | -32.7 | -27.5 | 27.1 | ||||||||
| ratios | |||||||||||||||
| Total Debt | HRK mil | 205 | 302 | 203 | 147 | 187 | |||||||||
| Net Debt | HRK mil | 190 | 287 | 153 | 121 | 43.6 | |||||||||
| Working Capital | HRK mil | 186 | 288 | 281 | 190 | 49.1 | |||||||||
| Capital Employed | HRK mil | 467 | 528 | 490 | 415 | 254 | |||||||||
| Net Debt/Equity | 0.615 | 1.12 | 0.580 | 0.608 | 0.541 | ||||||||||
| Cost of Financing | % | ... | 6.36 | 4.85 | 4.82 | 7.16 | 3.52 |
| cash flow | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| cash flow | |||||||||||||||
| Net Profit | HRK mil | -22.1 | -50.5 | 9.40 | -4.58 | -119 | |||||||||
| Depreciation | HRK mil | 16.5 | 16.8 | 17.2 | 18.2 | 19.4 | |||||||||
| Non-Cash Items | HRK mil | ... | -175 | 22.4 | 47.6 | -101 | 11.2 | ||||||||
| Change in Working Capital | HRK mil | ... | 52.9 | -102 | 7.20 | 90.9 | 141 | ||||||||
| Total Cash From Operations | HRK mil | -128 | -113 | 81.4 | 3.78 | 52.6 | |||||||||
| Capital Expenditures | HRK mil | -11.0 | -8.13 | -8.13 | -17.1 | -3.62 | |||||||||
| Other Investments | HRK mil | 62.2 | 0.158 | 23.3 | 18.3 | 13.4 | |||||||||
| Total Cash From Investing | HRK mil | 51.1 | -7.97 | 15.2 | 1.24 | 9.73 | |||||||||
| Issuance Of Debt | HRK mil | ... | -20.6 | 97.0 | -98.8 | -55.8 | 39.9 | ||||||||
| Total Cash From Financing | HRK mil | 68.9 | 107 | -62.9 | -38.8 | 55.2 | |||||||||
| Net Change In Cash | HRK mil | -8.11 | -14.6 | 33.7 | -33.7 | 118 | |||||||||
| ratios | |||||||||||||||
| Days Sales Outstanding | days | 136 | 213 | 80.0 | 72.0 | 81.4 | |||||||||
| Days Sales Of Inventory | days | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 50.2 | 97.3 | ||
| Days Payable Outstanding | days | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 59.3 | 167 | ||
| Cash Conversion Cycle | days | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 62.8 | 11.7 | ||
| Cash Earnings | HRK mil | -5.61 | -33.6 | 26.6 | 13.6 | -99.7 | |||||||||
| Cash Earnings Per Share | HRK | -1.73 | -10.4 | 8.20 | 4.20 | -30.8 | |||||||||
| Price/Cash Earnings (P/CE) | ... | ... | ... | ... | -20.2 | -2.99 | 6.11 | 18.7 | -2.19 | ||||||
| Free Cash Flow | HRK mil | -77.0 | -121 | 96.6 | 5.02 | 62.3 | |||||||||
| Free Cash Flow Yield | % | ... | ... | ... | ... | -65.4 | -121 | 64.7 | 1.93 | 27.6 |
| other data | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| other data | |||||||||||||||
| ROA | % | -3.10 | -7.86 | 1.32 | -0.669 | -19.8 | |||||||||
| Gross Margin | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 16.7 | 25.2 | ||
| Effective Tax Rate | % | 0.560 | -0.531 | 22.7 | -4.41 | 0 | |||||||||
| Enterprise Value (EV) | USD mil | ... | ... | ... | ... | 59.5 | 70.3 | 54.2 | 65.6 | 47.5 | |||||
| EV/EBITDA | ... | ... | ... | ... | -20.4 | -23.5 | 8.90 | 15.3 | -2.73 | ||||||
| EV/Capital Employed | ... | ... | ... | ... | 0.649 | 0.734 | 0.643 | 0.906 | 1.03 | ||||||
| EV/Sales | ... | ... | ... | ... | 0.671 | 1.52 | 0.375 | 0.356 | 0.443 | ||||||
| EV/EBIT | ... | ... | ... | ... | -9.85 | -11.6 | 18.8 | 55.9 | -2.29 | ||||||
| Capital Expenditures (As % of Sales) | % | 2.36 | 3.18 | 1.05 | 1.58 | 0.592 |
Get all company financials in excel:
Djuro Djakovic Holding dd is a Croatia-based metal mechanical engineering group based in Slavonski Brod, Croatia. The Company was privatised in 1991. Today, the Company consists of seven subsidiaries divided into three strategic business units: Defence, Transport and Industry and Energetics, offering for example armored combat vehicles, engineering services and fabricated metal products; construction of buildings; equipment for oil, chemical and petrochemical industry; machining of larger components and production of power transmission gears; or utilities.
Djuro Djakovic Holding has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 9.33% a year during that time to total of HRK -25.8 mil in 2015, or -6.50% of sales. That’s compared to -6.67% average margin seen in last five years.
The company netted HRK -58.4 mil in 2015 implying ROE of -142% and ROCE of -17.7%. Again, the average figures were -69.9% and -17.2%, respectively when looking at the previous 5 years.
Djuro Djakovic Holding’s net debt amounted to HRK 267 mil at the end of 2015, or 27.6 of equity. When compared to EBITDA, net debt was -10.4x, down when compared to average of -0.776x seen in the last 5 years.
Djuro Djakovic Holding stock traded at HRK 26.5 per share at the end of 2015 resulting in a market capitalization of USD 31.8 mil. Over the previous five years, stock price fell by 14.9% or -3.18% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of -17.0x and price to earnings (PE) of -3.45x as of 2015.
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