By Helgi Library - April 2, 2020
Gordic's total assets reached CZK 432 mil at the end of 2017, down 10.5% compared to the previous year. Current as...
By Helgi Library - April 2, 2020
Gordic's total assets reached CZK 432 mil at the end of 2017, down 10.5% compared to the previous year. Current as...
| Profit Statement | 2015 | 2016 | 2017 | |
| Sales | CZK mil | 621 | 576 | 584 |
| Gross Profit | CZK mil | 200 | 167 | 177 |
| EBITDA | CZK mil | 64.4 | 17.7 | 16.8 |
| EBIT | CZK mil | 60.3 | 13.2 | 11.9 |
| Financing Cost | CZK mil | 0.388 | 0.388 | 0.602 |
| Pre-Tax Profit | CZK mil | 59.9 | 12.8 | 11.3 |
| Net Profit | CZK mil | 48.4 | 10.2 | 8.94 |
| Dividends | CZK mil | ... | ... | ... |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Total Assets | CZK mil | 516 | 482 | 432 |
| Non-Current Assets | CZK mil | 91.6 | 96.9 | 77.0 |
| Current Assets | CZK mil | 417 | 381 | 348 |
| Working Capital | CZK mil | 0.489 | -15.8 | -14.9 |
| Shareholders' Equity | CZK mil | 337 | 324 | 289 |
| Liabilities | CZK mil | 101 | 92.5 | 89.4 |
| Total Debt | CZK mil | 0 | 0 | 0 |
| Net Debt | CZK mil | -351 | -334 | -287 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 14.9 | 3.10 | 2.92 |
| ROCE | % | 94.9 | 11.8 | 12.5 |
| Gross Margin | % | 32.2 | 29.0 | 30.3 |
| EBITDA Margin | % | 10.4 | 3.08 | 2.88 |
| EBIT Margin | % | 9.70 | 2.30 | 2.04 |
| Net Margin | % | 7.79 | 1.78 | 1.53 |
| Net Debt/EBITDA | -5.46 | -18.8 | -17.0 | |
| Net Debt/Equity | % | -104 | -103 | -99.2 |
| Cash Flow | 2015 | 2016 | 2017 | |
| Cash Conversion Cycle | days | -16.4 | -25.9 | -29.7 |
| Cash Earnings | CZK mil | 52.5 | 14.7 | 13.8 |
Get all company financials in excel:
| summary | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||
| Sales | CZK mil | 786 | 808 | 648 | 547 | 621 | |||||||||
| Gross Profit | CZK mil | 232 | 358 | 196 | 198 | 200 | |||||||||
| EBIT | CZK mil | 81.6 | 41.7 | 58.7 | 53.2 | 60.3 | |||||||||
| Net Profit | CZK mil | 66.0 | 33.5 | 46.3 | 42.6 | 48.4 | |||||||||
| ROE | % | 27.4 | 12.5 | 16.4 | 14.0 | 14.9 | |||||||||
| EBIT Margin | % | 10.4 | 5.16 | 9.06 | 9.72 | 9.70 | |||||||||
| Net Margin | % | 8.40 | 4.15 | 7.14 | 7.78 | 7.79 | |||||||||
| Employees | ... | 169 | 163 | 168 | 168 | 165 | |||||||||
| balance sheet | |||||||||||||||
| Total Assets | CZK mil | 491 | 448 | 460 | 432 | 516 | |||||||||
| Non-Current Assets | CZK mil | 54.7 | 50.3 | 46.6 | 43.0 | 91.6 | |||||||||
| Current Assets | CZK mil | 431 | 394 | 409 | 382 | 417 | |||||||||
| Shareholders' Equity | CZK mil | 262 | 272 | 294 | 313 | 337 | |||||||||
| Liabilities | CZK mil | 156 | 105 | 108 | 77.0 | 101 | |||||||||
| Non-Current Liabilities | CZK mil | 1.07 | 1.16 | 1.14 | 0.815 | 0.655 | |||||||||
| Current Liabilities | CZK mil | 155 | 104 | 107 | 76.2 | 100 | |||||||||
| Net Debt/EBITDA | -4.37 | -7.16 | -5.40 | -5.20 | -5.46 | ||||||||||
| Net Debt/Equity | % | -146 | -126 | -117 | -96.2 | -104 |
| income statement | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||
| Sales | CZK mil | 786 | 808 | 648 | 547 | 621 | |||||||||
| Cost of Goods & Services | CZK mil | 554 | 450 | 453 | 349 | 421 | |||||||||
| Gross Profit | CZK mil | 232 | 358 | 196 | 198 | 200 | |||||||||
| Staff Cost | CZK mil | 145 | 151 | 132 | 141 | 136 | |||||||||
| Other Cost | CZK mil | -1.31 | 160 | -0.629 | -0.539 | -0.573 | |||||||||
| EBITDA | CZK mil | 87.6 | 47.7 | 63.8 | 57.9 | 64.4 | |||||||||
| Depreciation | CZK mil | 5.93 | 6.00 | 5.10 | 4.74 | 4.09 | |||||||||
| EBIT | CZK mil | 81.6 | 41.7 | 58.7 | 53.2 | 60.3 | |||||||||
| Financing Cost | CZK mil | -0.224 | -0.080 | 0.483 | 0.346 | 0.388 | |||||||||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Pre-Tax Profit | CZK mil | 81.9 | 41.8 | 58.3 | 52.9 | 59.9 | |||||||||
| Tax | CZK mil | 15.8 | 8.26 | 12.0 | 10.3 | 11.5 | |||||||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Net Profit | CZK mil | 66.0 | 33.5 | 46.3 | 42.6 | 48.4 | |||||||||
| Dividends | CZK mil | 0 | 0 | 0 | ... | ... | ... | ... | |||||||
| growth rates | |||||||||||||||
| Total Revenue Growth | % | ... | 1.36 | 2.78 | -19.8 | -15.6 | 13.6 | ||||||||
| Operating Cost Growth | % | ... | 3.86 | 115 | -57.6 | 6.28 | -3.00 | ||||||||
| EBITDA Growth | % | ... | 42.9 | -45.5 | 33.8 | -9.22 | 11.1 | ||||||||
| EBIT Growth | % | ... | 44.3 | -48.9 | 40.8 | -9.42 | 13.4 | ||||||||
| Pre-Tax Profit Growth | % | ... | 44.7 | -48.9 | 39.4 | -9.27 | 13.4 | ||||||||
| Net Profit Growth | % | ... | 45.2 | -49.2 | 38.1 | -8.05 | 13.7 | ||||||||
| ratios | |||||||||||||||
| ROE | % | 27.4 | 12.5 | 16.4 | 14.0 | 14.9 | |||||||||
| ROCE | % | ... | 521 | 1,116 | 247 | 433 | 94.9 | ||||||||
| Gross Margin | % | 29.5 | 44.3 | 30.2 | 36.2 | 32.2 | |||||||||
| EBITDA Margin | % | 11.1 | 5.90 | 9.85 | 10.6 | 10.4 | |||||||||
| EBIT Margin | % | 10.4 | 5.16 | 9.06 | 9.72 | 9.70 | |||||||||
| Net Margin | % | 8.40 | 4.15 | 7.14 | 7.78 | 7.79 | |||||||||
| Payout Ratio | % | 0 | 0 | 0 | ... | ... | ... | ... | |||||||
| Net Debt/EBITDA | -4.37 | -7.16 | -5.40 | -5.20 | -5.46 |
| balance sheet | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | |||||||||||||||
| Non-Current Assets | CZK mil | 54.7 | 50.3 | 46.6 | 43.0 | 91.6 | |||||||||
| Property, Plant & Equipment | CZK mil | 52.8 | 49.3 | 45.7 | 42.5 | 40.4 | |||||||||
| Intangible Assets | CZK mil | 1.90 | 1.04 | 0.872 | 0.587 | 1.20 | |||||||||
| Goodwill | CZK mil | 0 | 0 | 0 | ... | ... | ... | ... | |||||||
| Current Assets | CZK mil | 431 | 394 | 409 | 382 | 417 | |||||||||
| Inventories | CZK mil | 3.22 | 0.789 | 1.42 | 0.987 | 0.878 | |||||||||
| Receivables | CZK mil | 39.1 | 41.4 | 31.4 | 23.9 | 60.4 | |||||||||
| Cash & Cash Equivalents | CZK mil | 383 | 341 | 345 | 301 | 351 | |||||||||
| Total Assets | CZK mil | 491 | 448 | 460 | 432 | 516 | |||||||||
| Shareholders' Equity | CZK mil | 262 | 272 | 294 | 313 | 337 | |||||||||
| Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Liabilities | CZK mil | 156 | 105 | 108 | 77.0 | 101 | |||||||||
| Non-Current Liabilities | CZK mil | 1.07 | 1.16 | 1.14 | 0.815 | 0.655 | |||||||||
| Long-Term Debt | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Deferred Tax Liabilities | CZK mil | 1.07 | 1.16 | 1.14 | 0.815 | 0.640 | |||||||||
| Current Liabilities | CZK mil | 155 | 104 | 107 | 76.2 | 100 | |||||||||
| Short-Term Debt | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Trade Payables | CZK mil | 119 | 64.7 | 69.6 | 58.1 | 60.8 | |||||||||
| Equity And Liabilities | CZK mil | 491 | 448 | 460 | 432 | 516 | |||||||||
| growth rates | |||||||||||||||
| Total Asset Growth | % | ... | 24.7 | -8.84 | 2.57 | -6.08 | 19.6 | ||||||||
| Shareholders' Equity Growth | % | ... | 19.1 | 3.63 | 8.20 | 6.31 | 7.80 | ||||||||
| Net Debt Growth | % | ... | 59.0 | -10.8 | 0.963 | -12.6 | 16.7 | ||||||||
| ratios | |||||||||||||||
| Total Debt | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Net Debt | CZK mil | -383 | -341 | -345 | -301 | -351 | |||||||||
| Working Capital | CZK mil | -76.5 | -22.5 | -36.8 | -33.2 | 0.489 | |||||||||
| Capital Employed | CZK mil | -21.8 | 27.8 | 9.78 | 9.88 | 92.1 | |||||||||
| Net Debt/Equity | % | -146 | -126 | -117 | -96.2 | -104 |
| cash flow | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| cash flow | |||||||||||||||
| Net Profit | CZK mil | 66.0 | 33.5 | 46.3 | 42.6 | 48.4 | |||||||||
| Depreciation | CZK mil | 5.93 | 6.00 | 5.10 | 4.74 | 4.09 | |||||||||
| ratios | |||||||||||||||
| Days Sales Outstanding | days | 18.2 | 18.7 | 17.7 | 16.0 | 35.5 | |||||||||
| Days Sales Of Inventory | days | 2.12 | 0.640 | 1.14 | 1.03 | 0.761 | |||||||||
| Days Payable Outstanding | days | 78.2 | 52.5 | 56.1 | 60.7 | 52.7 | |||||||||
| Cash Conversion Cycle | days | -57.9 | -33.2 | -37.3 | -43.7 | -16.4 | |||||||||
| Cash Earnings | CZK mil | 72.0 | 39.5 | 51.4 | 47.3 | 52.5 |
| other data | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | |||||||||||||||
| ROA | % | 14.9 | 7.14 | 10.2 | 9.56 | 10.2 | |||||||||
| Gross Margin | % | 29.5 | 44.3 | 30.2 | 36.2 | 32.2 | |||||||||
| Cost Per Employee | USD per month | ... | 4,056 | 3,934 | 3,355 | 3,261 | 2,885 | ||||||||
| Cost Per Employee (Local Currency) | CZK per month | ... | 71,734 | 76,957 | 65,637 | 69,694 | 68,854 | ||||||||
| Staff Cost (As % Of Total Cost) | % | 20.6 | 19.6 | 22.5 | 28.4 | 24.3 | |||||||||
| Effective Tax Rate | % | 19.3 | 19.8 | 20.5 | 19.5 | 19.2 | |||||||||
| Revenues From Abroad | CZK mil | ... | ... | ... | 0.932 | 0.932 | 1.05 | 1.04 | 1.02 | ||||||
| Revenues From Abroad (As % Of Total) | % | ... | ... | ... | 0.119 | 0.115 | 0.162 | 0.190 | 0.164 |
Get all company financials in excel:
GORDIC spol. s r. o. is a Czech Republic-based producer and provider of information systems. The Company specializes on development and delivery of software including complex user support in the field of public institutions and banking. During more than 20 years of existence, the Company has established a broad portfolio of clients, especially in the public sector. Company's key product is GINIS application system, which include Economic administration and budgeting systems for public organizations (ERP), Document Record Management System (DRMS) and Management of registers and administration systems having the character of CRM systems for public administration.
Gordic has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 18.8% a year during that time to total of CZK 16.8 mil in 2017, or 2.88% of sales. That’s compared to 7.35% average margin seen in last five years.
The company netted CZK 8.94 mil in 2017 implying ROE of 2.92% and ROCE of 12.5%. Again, the average figures were 10.3% and 160%, respectively when looking at the previous 5 years.
Gordic’s net debt amounted to CZK -287 mil at the end of 2017, or -99.2% of equity. When compared to EBITDA, net debt was -17.0x, down when compared to average of -10.4x seen in the last 5 years.
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