By Helgi Library - December 6, 2020
GZP made a net profit of PLN 9.57 mil with revenues of PLN 230 mil in 2019, up by 366% and up by 3.46%, respectivel...
By Helgi Library - December 6, 2020
GZP made a net profit of PLN 9.57 mil with revenues of PLN 230 mil in 2019, up by 366% and up by 3.46%, respectivel...
By Helgi Library - December 6, 2020
GZP's net debt stood at PLN 14.4 mil and accounted for 23.0% of equity at the end of 2019. The ratio is down 11.8 pp ...
| Profit Statement | 2017 | 2018 | 2019 | |
| Sales | PLN mil | 200 | 222 | 230 |
| EBITDA | PLN mil | 16.5 | 17.4 | 23.9 |
| EBIT | PLN mil | 5.68 | 6.90 | 13.8 |
| Pre-Tax Profit | PLN mil | 4.19 | 3.21 | 10.9 |
| Net Profit | PLN mil | 3.34 | 2.05 | 9.57 |
| Balance Sheet | 2017 | 2018 | 2019 | |
| Total Assets | PLN mil | 149 | 157 | 152 |
| Non-Current Assets | PLN mil | 96.3 | 92.6 | 91.6 |
| Current Assets | PLN mil | 52.9 | 64.5 | 60.5 |
| Working Capital | PLN mil | 8.21 | 14.1 | 18.7 |
| Shareholders' Equity | PLN mil | 52.6 | 53.4 | 62.4 |
| Liabilities | PLN mil | 96.6 | 104 | 89.6 |
| Total Debt | PLN mil | 41.5 | 28.1 | 25.6 |
| Net Debt | PLN mil | 31.4 | 18.6 | 14.4 |
| Ratios | 2017 | 2018 | 2019 | |
| ROE | % | 6.47 | 3.88 | 16.5 |
| ROCE | % | 3.55 | 1.94 | 8.82 |
| EBITDA Margin | % | 8.24 | 7.81 | 10.4 |
| EBIT Margin | % | 2.84 | 3.10 | 5.99 |
| Net Margin | % | 1.67 | 0.923 | 4.16 |
| Net Debt/EBITDA | 1.91 | 1.07 | 0.600 | |
| Net Debt/Equity | % | 59.8 | 34.8 | 23.0 |
| Cash Flow | 2017 | 2018 | 2019 | |
| Total Cash From Operations | PLN mil | -26.6 | -26.8 | -33.8 |
| Total Cash From Investing | PLN mil | -17.4 | 14.2 | 11.2 |
| Total Cash From Financing | PLN mil | 44.3 | 12.1 | 23.0 |
| Net Change In Cash | PLN mil | 0.365 | -0.559 | 0.383 |
| Cash Earnings | PLN mil | 14.1 | 12.5 | 19.7 |
| Free Cash Flow | PLN mil | -43.9 | -12.7 | -22.6 |
Get all company financials in excel:
| overview | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| income statement | ||||||||||
| Sales | PLN mil | 154 | 169 | 183 | 202 | 200 | ||||
| EBIT | PLN mil | 13.0 | 13.2 | 13.4 | 10.2 | 5.68 | ||||
| Net Profit | PLN mil | 7.99 | 8.33 | 8.68 | 6.38 | 3.34 | ||||
| ROE | % | 26.6 | 22.6 | 19.5 | 12.9 | 6.47 | ||||
| EBIT Margin | % | 8.47 | 7.83 | 7.30 | 5.04 | 2.84 | ||||
| Net Margin | % | 5.18 | 4.94 | 4.74 | 3.16 | 1.67 | ||||
| balance sheet | ||||||||||
| Total Assets | PLN mil | 88.8 | 101 | 114 | 121 | 149 | ||||
| Non-Current Assets | PLN mil | 46.1 | 55.9 | 65.8 | 68.1 | 96.3 | ||||
| Current Assets | PLN mil | 42.7 | 45.4 | 48.1 | 53.3 | 52.9 | ||||
| Shareholders' Equity | PLN mil | 33.0 | 40.7 | 48.5 | 50.5 | 52.6 | ||||
| Liabilities | PLN mil | 55.8 | 60.6 | 65.5 | 70.9 | 96.6 | ||||
| Non-Current Liabilities | PLN mil | 13.4 | 13.5 | 13.6 | 12.7 | 19.0 | ||||
| Current Liabilities | PLN mil | 42.4 | 47.1 | 51.9 | 58.2 | 77.6 | ||||
| Net Debt/EBITDA | 0.890 | 1.02 | 1.14 | 0.673 | 1.91 | |||||
| Net Debt/Equity | % | 52.7 | 49.8 | 47.9 | 25.7 | 59.8 | ||||
| cash flow | ||||||||||
| Total Cash From Operations | PLN mil | ... | -31.3 | -25.3 | -25.6 | -31.1 | -26.6 | |||
| Total Cash From Investing | PLN mil | ... | 3.04 | -3.11 | -2.81 | 6.79 | -17.4 | |||
| Total Cash From Financing | PLN mil | ... | 28.4 | 28.6 | 28.6 | 23.8 | 44.3 | |||
| Net Change In Cash | PLN mil | ... | 0.120 | 0.193 | 0.193 | -0.429 | 0.365 |
| income statement | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| income statement | ||||||||||
| Sales | PLN mil | 154 | 169 | 183 | 202 | 200 | ||||
| Staff Cost | PLN mil | 15.0 | 16.2 | 17.3 | 17.9 | 19.2 | ||||
| EBITDA | PLN mil | 19.5 | 20.0 | 20.4 | 19.3 | 16.5 | ||||
| Depreciation | PLN mil | 6.46 | 6.75 | 7.04 | 9.10 | 10.8 | ||||
| EBIT | PLN mil | 13.0 | 13.2 | 13.4 | 10.2 | 5.68 | ||||
| Net Financing Cost | PLN mil | 2.97 | 2.54 | 2.11 | 2.00 | 1.48 | ||||
| Extraordinary Cost | PLN mil | 0 | 0 | 0 | 0 | 0 | ||||
| Pre-Tax Profit | PLN mil | 10.1 | 10.7 | 11.3 | 8.17 | 4.19 | ||||
| Tax | PLN mil | 2.09 | 2.34 | 2.59 | 1.79 | 0.858 | ||||
| Net Profit | PLN mil | 7.99 | 8.33 | 8.68 | 6.38 | 3.34 | ||||
| Net Profit Avail. to Common | PLN mil | 7.99 | 8.33 | 8.68 | 6.38 | 3.34 | ||||
| growth rates | ||||||||||
| Total Revenue Growth | % | ... | 3.52 | 9.48 | 8.65 | 10.2 | -1.18 | |||
| Staff Cost Growth | % | ... | 4.99 | 7.53 | 7.01 | 3.18 | 7.47 | |||
| EBITDA Growth | % | ... | 27.3 | 2.35 | 2.29 | -5.63 | -14.6 | |||
| EBIT Growth | % | ... | 43.6 | 1.26 | 1.25 | -23.9 | -44.2 | |||
| Pre-Tax Profit Growth | % | ... | 81.4 | 5.88 | 5.56 | -27.4 | -48.7 | |||
| Net Profit Growth | % | ... | 83.1 | 4.34 | 4.16 | -26.5 | -47.7 | |||
| ratios | ||||||||||
| ROE | % | 26.6 | 22.6 | 19.5 | 12.9 | 6.47 | ||||
| ROA | % | 9.53 | 8.77 | 8.06 | 5.42 | 2.47 | ||||
| ROCE | % | ... | 13.6 | 12.1 | 10.9 | 7.59 | 3.55 | |||
| EBITDA Margin | % | 12.7 | 11.8 | 11.1 | 9.54 | 8.24 | ||||
| EBIT Margin | % | 8.47 | 7.83 | 7.30 | 5.04 | 2.84 | ||||
| Net Margin | % | 5.18 | 4.94 | 4.74 | 3.16 | 1.67 | ||||
| Net Debt/EBITDA | 0.890 | 1.02 | 1.14 | 0.673 | 1.91 |
| balance sheet | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| balance sheet | ||||||||||
| Cash & Cash Equivalents | PLN mil | 0.327 | 0.520 | 0.712 | 0.283 | 0.648 | ||||
| Receivables | PLN mil | 15.7 | 17.2 | 18.7 | 27.6 | 24.3 | ||||
| Inventories | PLN mil | 23.4 | 24.5 | 25.7 | 22.1 | 23.4 | ||||
| Other ST Assets | PLN mil | 3.32 | 3.20 | 3.09 | 3.37 | 4.59 | ||||
| Current Assets | PLN mil | 42.7 | 45.4 | 48.1 | 53.3 | 52.9 | ||||
| Property, Plant & Equipment | PLN mil | 45.0 | 54.8 | 64.6 | 58.4 | 86.7 | ||||
| LT Investments & Receivables | PLN mil | 0.438 | 0.428 | 0.417 | 9.42 | 9.41 | ||||
| Intangible Assets | PLN mil | 0.641 | 0.702 | 0.763 | 0.287 | 0.201 | ||||
| Non-Current Assets | PLN mil | 46.1 | 55.9 | 65.8 | 68.1 | 96.3 | ||||
| Total Assets | PLN mil | 88.8 | 101 | 114 | 121 | 149 | ||||
| Trade Payables | PLN mil | 21.8 | 23.5 | 25.2 | 34.6 | 39.5 | ||||
| Short-Term Debt | PLN mil | 9.70 | 12.8 | 15.8 | 17.1 | 29.4 | ||||
| Other ST Liabilities | PLN mil | 11.0 | 10.9 | 10.9 | 6.54 | 8.78 | ||||
| Current Liabilities | PLN mil | 42.4 | 47.1 | 51.9 | 58.2 | 77.6 | ||||
| Long-Term Debt | PLN mil | 8.43 | 8.47 | 8.52 | 5.57 | 12.1 | ||||
| Other LT Liabilities | PLN mil | 5.00 | 5.03 | 5.06 | 7.11 | 6.90 | ||||
| Non-Current Liabilities | PLN mil | 13.4 | 13.5 | 13.6 | 12.7 | 19.0 | ||||
| Liabilities | PLN mil | 55.8 | 60.6 | 65.5 | 70.9 | 96.6 | ||||
| Equity Before Minority Interest | PLN mil | 33.0 | 40.7 | 48.5 | 50.5 | 52.6 | ||||
| Minority Interest | PLN mil | 0 | 0 | 0 | 0 | 0 | ||||
| Equity | PLN mil | 33.0 | 40.7 | 48.5 | 50.5 | 52.6 | ||||
| growth rates | ||||||||||
| Total Asset Growth | % | ... | 12.7 | 14.2 | 12.4 | 6.60 | 22.8 | |||
| Shareholders' Equity Growth | % | ... | 21.6 | 23.6 | 19.1 | 4.25 | 3.99 | |||
| Net Debt Growth | % | ... | 20.4 | 16.9 | 14.4 | -44.1 | 142 | |||
| Total Debt Growth | % | ... | 18.9 | 17.2 | 14.6 | -6.83 | 82.9 | |||
| ratios | ||||||||||
| Total Debt | PLN mil | 18.1 | 21.2 | 24.3 | 22.7 | 41.5 | ||||
| Net Debt | PLN mil | 17.4 | 20.3 | 23.2 | 13.0 | 31.4 | ||||
| Working Capital | PLN mil | 17.3 | 18.2 | 19.2 | 15.1 | 8.21 | ||||
| Capital Employed | PLN mil | 63.4 | 74.2 | 85.0 | 83.2 | 104 | ||||
| Net Debt/Equity | % | 52.7 | 49.8 | 47.9 | 25.7 | 59.8 | ||||
| Current Ratio | 1.01 | 0.963 | 0.928 | 0.916 | 0.681 | |||||
| Quick Ratio | 0.378 | 0.375 | 0.374 | 0.479 | 0.321 |
| cash flow | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| cash flow | ||||||||||
| Net Profit | PLN mil | 7.99 | 8.33 | 8.68 | 6.38 | 3.34 | ||||
| Depreciation | PLN mil | 6.46 | 6.75 | 7.04 | 9.10 | 10.8 | ||||
| Non-Cash Items | PLN mil | ... | -39.8 | -39.4 | -40.4 | -50.6 | -47.6 | |||
| Change in Working Capital | PLN mil | ... | -5.95 | -0.946 | -0.946 | 4.09 | 6.88 | |||
| Total Cash From Operations | PLN mil | ... | -31.3 | -25.3 | -25.6 | -31.1 | -26.6 | |||
| Capital Expenditures | PLN mil | ... | 3.04 | -3.11 | -2.81 | 6.79 | -17.4 | |||
| Other Investing Activities | PLN mil | ... | 0 | 0 | 0 | 0 | 0 | |||
| Total Cash From Investing | PLN mil | ... | 3.04 | -3.11 | -2.81 | 6.79 | -17.4 | |||
| Dividends Paid | PLN mil | ... | 0 | 0 | 0 | 0 | 0 | |||
| Issuance Of Shares | PLN mil | ... | 25.5 | 25.5 | 25.5 | 25.5 | 25.5 | |||
| Issuance Of Debt | PLN mil | ... | 2.89 | 3.11 | 3.11 | -1.66 | 18.8 | |||
| Other Financing Activities | PLN mil | ... | 22.5 | 28.6 | 28.3 | 18.7 | 42.9 | |||
| Total Cash From Financing | PLN mil | ... | 28.4 | 28.6 | 28.6 | 23.8 | 44.3 | |||
| Net Change In Cash | PLN mil | ... | 0.120 | 0.193 | 0.193 | -0.429 | 0.365 | |||
| ratios | ||||||||||
| Days Sales Outstanding | days | 37.2 | 37.2 | 37.2 | 49.9 | 44.4 | ||||
| Cash Earnings | PLN mil | 14.4 | 15.1 | 15.7 | 15.5 | 14.1 | ||||
| Free Cash Flow | PLN mil | ... | -28.3 | -28.4 | -28.4 | -24.3 | -43.9 | |||
| Capital Expenditures (As % of Sales) | % | ... | -1.97 | 1.84 | 1.54 | -3.36 | 8.70 |
| other ratios | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| Staff Cost (As % of Sales) | % | 9.76 | 9.59 | 9.44 | 8.84 | 9.61 | ||||
| Effective Tax Rate | % | 20.8 | 21.9 | 22.9 | 21.9 | 20.5 | ||||
| Total Revenue Growth (5-year average) | % | ... | ... | ... | ... | ... | 8.21 | 6.05 |
Get all company financials in excel:
By Helgi Library - December 6, 2020
GZP invested a total of PLN -11.2 mil in 2019, up 21.2% compared to the previous year. Historically, between 2012 - 2019, the company's investments stood at a high of PLN 17.4 mil in 2017 and a low of PLN -14.2 mil in 2018. As a perce...
By Helgi Library - December 6, 2020
GZP's net debt stood at PLN 14.4 mil and accounted for 23.0% of equity at the end of 2019. The ratio is down 11.8 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 66.2% in 2011 and a low of 23.0%...
By Helgi Library - December 6, 2020
GZP invested a total of PLN -11.2 mil in 2019, up 21.2% compared to the previous year. Historically, between 2012 - 2019, the company's investments stood at a high of PLN 17.4 mil in 2017 and a low of PLN -14.2 mil in 2018. As a perce...
By Helgi Library - December 6, 2020
GZP made a net profit of PLN 9.57 mil in 2019, up 366% compared to the previous year. Historically, between 2011 and 2019, the company's net profit reached a high of PLN 9.57 mil in 2019 and a low of PLN 1.57 mil in 2011. The result implies a return on eq...
By Helgi Library - December 6, 2020
GZP made a net profit of PLN 9.57 mil with revenues of PLN 230 mil in 2019, up by 366% and up by 3.46%, respectively, compared to the previous year. This translates into a net margin of 4.16%. Historically, between 2011 and 2019, the firm’s net ma...
By Helgi Library - December 6, 2020
GZP made a net profit of PLN 9.57 mil in 2019, up 366% compared to the previous year. Historically, between 2011 and 2019, the company's net profit reached a high of PLN 9.57 mil in 2019 and a low of PLN 1.57 mil in 2011. The result implies a return on eq...
By Helgi Library - December 6, 2020
GZP made a net profit of PLN 9.57 mil with revenues of PLN 230 mil in 2019, up by 366% and up by 3.46%, respectively, compared to the previous year. This translates into a net margin of 4.16%. Historically, between 2011 and 2019, the firm’s net ma...
Glucholaskie Zaklady Papiernicze has been growing its sales by 6.40% a year on average in the last 5 years. EBITDA has grown on average by 3.68% a year during that time to total of PLN 23.9 mil in 2019, or 10.4% of sales. That’s compared to 9.43% average margin seen in last five years.
The company netted PLN 9.57 mil in 2019 implying ROE of 16.5% and ROCE of 8.82%. Again, the average figures were 11.8% and 6.56%, respectively when looking at the previous 5 years.
Glucholaskie Zaklady Papiernicze’s net debt amounted to PLN 14.4 mil at the end of 2019, or 23.0% of equity. When compared to EBITDA, net debt was 0.600x, down when compared to average of 1.08x seen in the last 5 years.
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