By Helgi Library - April 2, 2020
Jan Becher - Karlovarska Becherovka's total assets reached CZK 923 mil at the end of 2017, down 2.46% compared to the previous y...
By Helgi Library - April 2, 2020
Jan Becher - Karlovarska Becherovka's total assets reached CZK 923 mil at the end of 2017, down 2.46% compared to the previous y...
| Profit Statement | 2015 | 2016 | 2017 | |
| Sales | CZK mil | 1,346 | 1,265 | 1,209 |
| Gross Profit | CZK mil | 394 | 364 | 337 |
| EBITDA | CZK mil | 234 | 215 | 233 |
| EBIT | CZK mil | 204 | 184 | 201 |
| Financing Cost | CZK mil | 6.98 | 7.94 | 4.10 |
| Pre-Tax Profit | CZK mil | 197 | 176 | 197 |
| Net Profit | CZK mil | 157 | 141 | 157 |
| Dividends | CZK mil | 156 | 141 | ... |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Total Assets | CZK mil | 962 | 947 | 923 |
| Non-Current Assets | CZK mil | 276 | 265 | 249 |
| Current Assets | CZK mil | 677 | 671 | 665 |
| Working Capital | CZK mil | 286 | 55.7 | 106 |
| Shareholders' Equity | CZK mil | 587 | 570 | 586 |
| Liabilities | CZK mil | 375 | 376 | 337 |
| Total Debt | CZK mil | 0 | 0 | 0 |
| Net Debt | CZK mil | -31.0 | -55.7 | -28.6 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 21.9 | 24.3 | 27.1 |
| ROCE | % | 27.5 | 31.9 | 46.4 |
| Gross Margin | % | 29.3 | 28.7 | 27.9 |
| EBITDA Margin | % | 17.4 | 17.0 | 19.3 |
| EBIT Margin | % | 15.2 | 14.6 | 16.6 |
| Net Margin | % | 11.7 | 11.1 | 13.0 |
| Net Debt/EBITDA | -0.133 | -0.259 | -0.123 | |
| Net Debt/Equity | % | -5.28 | -9.77 | -4.88 |
| Cost of Financing | % | ... | ... | ... |
| Cash Flow | 2015 | 2016 | 2017 | |
| Total Cash From Operations | CZK mil | ... | 198 | 125 |
| Total Cash From Investing | CZK mil | ... | -16.2 | -11.5 |
| Total Cash From Financing | CZK mil | ... | -157 | -141 |
| Net Change In Cash | CZK mil | ... | 24.7 | -27.1 |
| Cash Conversion Cycle | days | 79.1 | -4.87 | 14.3 |
| Cash Earnings | CZK mil | 187 | 172 | 189 |
| Free Cash Flow | CZK mil | ... | 182 | 114 |
Get all company financials in excel:
| summary | Unit | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||||||||
| Sales | CZK mil | 1,328 | 1,324 | 1,210 | 1,309 | 1,346 | |||||||||||||||
| Gross Profit | CZK mil | 355 | 341 | 262 | 317 | 394 | |||||||||||||||
| EBIT | CZK mil | 209 | 195 | 136 | 183 | 204 | |||||||||||||||
| Net Profit | CZK mil | 166 | 209 | 142 | 335 | 157 | |||||||||||||||
| ROE | % | 14.8 | 17.1 | 14.3 | 44.5 | 21.9 | |||||||||||||||
| EBIT Margin | % | 15.7 | 14.8 | 11.2 | 14.0 | 15.2 | |||||||||||||||
| Net Margin | % | 12.5 | 15.8 | 11.7 | 25.6 | 11.7 | |||||||||||||||
| Employees | ... | ... | 149 | 147 | 151 | 147 | 137 | ||||||||||||||
| balance sheet | |||||||||||||||||||||
| Total Assets | CZK mil | 1,531 | 1,763 | 1,098 | 1,319 | 962 | |||||||||||||||
| Non-Current Assets | CZK mil | 311 | 308 | 261 | 289 | 276 | |||||||||||||||
| Current Assets | CZK mil | 1,215 | 1,449 | 834 | 1,018 | 677 | |||||||||||||||
| Shareholders' Equity | CZK mil | 1,111 | 1,326 | 657 | 850 | 587 | |||||||||||||||
| Liabilities | CZK mil | 420 | 437 | 442 | 469 | 375 | |||||||||||||||
| Non-Current Liabilities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Current Liabilities | CZK mil | 374 | 400 | 404 | 407 | 329 | |||||||||||||||
| Net Debt/EBITDA | -0.165 | -0.098 | -0.107 | -0.167 | -0.133 | ||||||||||||||||
| Net Debt/Equity | % | -3.55 | -1.67 | -2.71 | -4.20 | -5.28 | |||||||||||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |||||
| cash flow | |||||||||||||||||||||
| Total Cash From Operations | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Total Cash From Investing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Total Cash From Financing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Net Change In Cash | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| income statement | Unit | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||||||||
| Sales | CZK mil | 1,328 | 1,324 | 1,210 | 1,309 | 1,346 | |||||||||||||||
| Cost of Goods & Services | CZK mil | 973 | 983 | 948 | 992 | 952 | |||||||||||||||
| Gross Profit | CZK mil | 355 | 341 | 262 | 317 | 394 | |||||||||||||||
| Staff Cost | CZK mil | 126 | 142 | 144 | 142 | 155 | |||||||||||||||
| Other Cost | CZK mil | -9.76 | -28.2 | -47.5 | -39.0 | 4.29 | |||||||||||||||
| EBITDA | CZK mil | 239 | 227 | 165 | 214 | 234 | |||||||||||||||
| Depreciation | CZK mil | 30.4 | 31.9 | 29.7 | 31.1 | 29.5 | |||||||||||||||
| EBIT | CZK mil | 209 | 195 | 136 | 183 | 204 | |||||||||||||||
| Financing Cost | CZK mil | 0.338 | -56.0 | -35.7 | -133 | 6.98 | |||||||||||||||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | -76.5 | 0 | |||||||||||||||
| Pre-Tax Profit | CZK mil | 208 | 251 | 171 | 392 | 197 | |||||||||||||||
| Tax | CZK mil | 42.5 | 42.8 | 29.5 | 39.9 | 40.2 | |||||||||||||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Net Profit | CZK mil | 166 | 209 | 142 | 335 | 157 | |||||||||||||||
| Dividends | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 156 | ... | |
| growth rates | |||||||||||||||||||||
| Total Revenue Growth | % | ... | -5.99 | -0.327 | -8.56 | 8.15 | 2.81 | ||||||||||||||
| Operating Cost Growth | % | ... | -36.1 | -2.30 | -15.1 | 7.09 | 54.9 | ||||||||||||||
| EBITDA Growth | % | ... | 23.7 | -4.94 | -27.2 | 29.2 | 9.44 | ||||||||||||||
| EBIT Growth | % | ... | 19.7 | -6.36 | -30.5 | 34.5 | 11.9 | ||||||||||||||
| Pre-Tax Profit Growth | % | ... | 16.1 | 20.7 | -31.8 | 129 | -49.7 | ||||||||||||||
| Net Profit Growth | % | ... | 16.7 | 25.9 | -31.9 | 136 | -53.1 | ||||||||||||||
| ratios | |||||||||||||||||||||
| ROE | % | 14.8 | 17.1 | 14.3 | 44.5 | 21.9 | |||||||||||||||
| ROCE | % | ... | 28.3 | 36.1 | 27.2 | 61.8 | 27.5 | ||||||||||||||
| Gross Margin | % | 26.7 | 25.7 | 21.6 | 24.2 | 29.3 | |||||||||||||||
| EBITDA Margin | % | 18.0 | 17.2 | 13.7 | 16.3 | 17.4 | |||||||||||||||
| EBIT Margin | % | 15.7 | 14.8 | 11.2 | 14.0 | 15.2 | |||||||||||||||
| Net Margin | % | 12.5 | 15.8 | 11.7 | 25.6 | 11.7 | |||||||||||||||
| Payout Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 99.3 | ... | |
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |||||
| Net Debt/EBITDA | -0.165 | -0.098 | -0.107 | -0.167 | -0.133 |
| balance sheet | Unit | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | |||||||||||||||||||||
| Non-Current Assets | CZK mil | 311 | 308 | 261 | 289 | 276 | |||||||||||||||
| Property, Plant & Equipment | CZK mil | 308 | 301 | 254 | 284 | 268 | |||||||||||||||
| Intangible Assets | CZK mil | 3.20 | 6.77 | 6.54 | 4.99 | 7.56 | |||||||||||||||
| Goodwill | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Current Assets | CZK mil | 1,215 | 1,449 | 834 | 1,018 | 677 | |||||||||||||||
| Inventories | CZK mil | 143 | 142 | 129 | 122 | 126 | |||||||||||||||
| Receivables | CZK mil | 281 | 254 | 274 | 314 | 274 | |||||||||||||||
| Cash & Cash Equivalents | CZK mil | 39.5 | 22.2 | 17.8 | 35.7 | 31.0 | |||||||||||||||
| Total Assets | CZK mil | 1,531 | 1,763 | 1,098 | 1,319 | 962 | |||||||||||||||
| Shareholders' Equity | CZK mil | 1,111 | 1,326 | 657 | 850 | 587 | |||||||||||||||
| Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Liabilities | CZK mil | 420 | 437 | 442 | 469 | 375 | |||||||||||||||
| Non-Current Liabilities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Long-Term Debt | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Deferred Tax Liabilities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Current Liabilities | CZK mil | 374 | 400 | 404 | 407 | 329 | |||||||||||||||
| Short-Term Debt | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Trade Payables | CZK mil | 120 | 161 | 162 | 143 | 113 | |||||||||||||||
| Provisions | CZK mil | 45.4 | 37.0 | 37.8 | 62.7 | 45.5 | |||||||||||||||
| Equity And Liabilities | CZK mil | 1,531 | 1,763 | 1,098 | 1,319 | 962 | |||||||||||||||
| growth rates | |||||||||||||||||||||
| Total Asset Growth | % | ... | -0.491 | 15.1 | -37.7 | 20.1 | -27.1 | ||||||||||||||
| Shareholders' Equity Growth | % | ... | -1.89 | 19.3 | -50.5 | 29.4 | -31.0 | ||||||||||||||
| Net Debt Growth | % | ... | 108 | -43.8 | -19.9 | 101 | -13.1 | ||||||||||||||
| Total Debt Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||||
| ratios | |||||||||||||||||||||
| Total Debt | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Net Debt | CZK mil | -39.5 | -22.2 | -17.8 | -35.7 | -31.0 | |||||||||||||||
| Working Capital | CZK mil | 304 | 234 | 241 | 293 | 286 | |||||||||||||||
| Capital Employed | CZK mil | 615 | 542 | 502 | 582 | 562 | |||||||||||||||
| Net Debt/Equity | % | -3.55 | -1.67 | -2.71 | -4.20 | -5.28 | |||||||||||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| cash flow | Unit | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| cash flow | |||||||||||||||||||||
| Net Profit | CZK mil | 166 | 209 | 142 | 335 | 157 | |||||||||||||||
| Depreciation | CZK mil | 30.4 | 31.9 | 29.7 | 31.1 | 29.5 | |||||||||||||||
| Non-Cash Items | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Change in Working Capital | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Total Cash From Operations | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Capital Expenditures | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Other Investments | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Total Cash From Investing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Dividends Paid | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Issuance Of Shares | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Issuance Of Debt | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Total Cash From Financing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Net Change In Cash | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| ratios | |||||||||||||||||||||
| Days Sales Outstanding | days | 77.2 | 70.0 | 82.7 | 87.6 | 74.2 | |||||||||||||||
| Days Sales Of Inventory | days | 53.6 | 52.6 | 49.5 | 44.7 | 48.2 | |||||||||||||||
| Days Payable Outstanding | days | 45.0 | 59.8 | 62.2 | 52.6 | 43.3 | |||||||||||||||
| Cash Conversion Cycle | days | 85.8 | 62.8 | 69.9 | 79.8 | 79.1 | |||||||||||||||
| Cash Earnings | CZK mil | 196 | 240 | 172 | 366 | 187 | |||||||||||||||
| Free Cash Flow | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| other data | Unit | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | |||||||||||||||||||||
| ROA | % | 10.8 | 12.7 | 9.92 | 27.7 | 13.8 | |||||||||||||||
| Gross Margin | % | 26.7 | 25.7 | 21.6 | 24.2 | 29.3 | |||||||||||||||
| Employees | ... | ... | 149 | 147 | 151 | 147 | 137 | ||||||||||||||
| Cost Per Employee | USD per month | ... | ... | 3,979 | 4,104 | 4,056 | 3,769 | 3,962 | |||||||||||||
| Cost Per Employee (Local Currency) | CZK per month | ... | ... | 70,379 | 80,265 | 79,354 | 80,558 | 94,578 | |||||||||||||
| Staff Cost (As % Of Total Cost) | % | 11.2 | 12.5 | 13.4 | 12.6 | 13.6 | |||||||||||||||
| Effective Tax Rate | % | 20.4 | 17.0 | 17.2 | 10.2 | 20.3 | |||||||||||||||
| Domestic Sales | CZK mil | ... | ... | ... | ... | 999 | 960 | 850 | 915 | 906 | |||||||||||
| Capital Expenditures (As % of Sales) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Revenues From Abroad | CZK mil | ... | ... | ... | ... | 318 | 363 | 365 | 406 | 439 | |||||||||||
| Revenues From Abroad (As % Of Total) | % | ... | ... | ... | ... | 23.9 | 27.4 | 30.2 | 31.0 | 32.7 | |||||||||||
| Sales from Imported Spirits | CZK mil | ... | ... | ... | ... | 565 | 577 | 554 | 630 | 691 | |||||||||||
| Sales from Own Spirits | CZK mil | ... | ... | ... | ... | 728 | 720 | 614 | 651 | 602 |
Get all company financials in excel:
Jan Becher - Karlovarská Becherovka, a.s. is a Czech Republic producer and distributor of spirits and wines. The Company is based in Karlovy Vary, Czech Republic. Since the end of 2001, Jan Becher - Karlovarská Becherovka, a.s. is a subsidiary of Pernod-Ricard SA. The history of the company dates back 200 years to 1807 when Josef Becher, a pharmacist from Karlovy Vary, started selling bitters made to his own recipe as a medicinal tonic. In 1841, Josef Becher passed on his budding business to his son and heir Johann. Johann started large-scale production, and accordingly his name has been associated with Becherovka to the present day. The Company was privatized in 1997, when the French liquor company Pernod Ricard bought 35% of the stock, acquiring another 59% in 2001.
Jan Becher - Karlovarska Becherovka has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 0.504% a year during that time to total of CZK 233 mil in 2017, or 19.3% of sales. That’s compared to 16.7% average margin seen in last five years.
The company netted CZK 157 mil in 2017 implying ROE of 27.1% and ROCE of 46.4%. Again, the average figures were 26.4% and 39.0%, respectively when looking at the previous 5 years.
Jan Becher - Karlovarska Becherovka’s net debt amounted to CZK -28.6 mil at the end of 2017, or -4.88% of equity. When compared to EBITDA, net debt was -0.123x, up when compared to average of -0.158x seen in the last 5 years.
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