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Ericsson Nikola Tesla

Ericsson Nikola Tesl's Cash & Cash Equivalents rose 24.3% yoy to HRK 287 mil in 2015

By Helgi Library - April 2, 2020

Ericsson Nikola Tesla's total assets reached HRK 724 mil at the end of 2015, up 3.47% compared to the previous year. ...

Profit Statement
Balance Sheet
Ratios
Valuation

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May 2016
Statistical Dossier
Jun 2014
Statistical Dossier

Ericsson Nikola Tesla dd is a Croatia-based company primarily engaged in the telecommunications business. The Company is the Croatian affiliate of the Swedish telecommunications equipment manufacturer Ericsson. The Company is named after the inventor Nikola Tesla and is the largest specialized provider of modern telecommunications products, solutions and services in central and eastern Europe. Ericsson Nikola Tesla traces its roots back to the state-owned Nikola Tesla Corporation founded in 1949 in Zagreb, then SFR Yugoslavia. It became a licence partner of Ericsson of Sweden in 1953, selling large volumes of Ericsson systems into the USSR and other markets from 1958. In 1994, the Company was privatised and then largely integrated into Ericsson's operations afterwards.

Finance

Ericsson Nikola Tesla has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 28.1% a year during that time to total of HRK 143 mil in 2015, or 10.5% of sales. That’s compared to 8.84% average margin seen in last five years.

The company netted HRK 91.4 mil in 2015 implying ROE of 28.4% and ROCE of 24.5%. Again, the average figures were 16.9% and 24.0%, respectively when looking at the previous 5 years.

Ericsson Nikola Tesla’s net debt amounted to HRK -287 mil at the end of 2015, or -0.932 of equity. When compared to EBITDA, net debt was -2.00x, up when compared to average of -5.06x seen in the last 5 years.

Valuation

Ericsson Nikola Tesla stock traded at HRK 1,036 per share at the end of 2015 resulting in a market capitalization of USD 218 mil. Over the previous five years, stock price fell by 23.9% or -5.31% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 7.14x and price to earnings (PE) of 15.1x as of 2015.

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