By Helgi Library - April 2, 2020
Madeta's total assets reached CZK 2,462 mil at the end of 2016, up 10.9% compared to the previous year. Current as...
By Helgi Library - April 2, 2020
Madeta's total assets reached CZK 2,462 mil at the end of 2016, up 10.9% compared to the previous year. Current as...
| Profit Statement | 2014 | 2015 | 2016 | |
| Sales | CZK mil | 6,250 | 5,625 | 5,330 |
| Gross Profit | CZK mil | 817 | 871 | 1,220 |
| EBITDA | CZK mil | 283 | 297 | 514 |
| EBIT | CZK mil | 197 | 209 | 457 |
| Financing Cost | CZK mil | 7.93 | 6.42 | 3.19 |
| Pre-Tax Profit | CZK mil | 189 | 203 | 453 |
| Net Profit | CZK mil | 158 | 168 | 367 |
| Dividends | CZK mil | 0 | 0 | ... |
| Balance Sheet | 2014 | 2015 | 2016 | |
| Total Assets | CZK mil | 2,212 | 2,221 | 2,462 |
| Non-Current Assets | CZK mil | 1,192 | 1,292 | 1,441 |
| Current Assets | CZK mil | 1,012 | 897 | 998 |
| Working Capital | CZK mil | 350 | 138 | 267 |
| Shareholders' Equity | CZK mil | 1,102 | 1,269 | 1,640 |
| Liabilities | CZK mil | 1,111 | 952 | 822 |
| Total Debt | CZK mil | 203 | 188 | 70.9 |
| Net Debt | CZK mil | 102 | 9.42 | -166 |
| Ratios | 2014 | 2015 | 2016 | |
| ROE | % | 15.4 | 14.2 | 25.2 |
| ROCE | % | 10.6 | 11.3 | 23.4 |
| Gross Margin | % | 13.1 | 15.5 | 22.9 |
| EBITDA Margin | % | 4.52 | 5.28 | 9.64 |
| EBIT Margin | % | 3.14 | 3.72 | 8.57 |
| Net Margin | % | 2.52 | 2.99 | 6.88 |
| Net Debt/EBITDA | 0.362 | 0.032 | -0.323 | |
| Net Debt/Equity | % | 9.30 | 0.742 | -10.1 |
| Cost of Financing | % | 4.05 | 3.29 | 2.47 |
| Cash Flow | 2014 | 2015 | 2016 | |
| Total Cash From Operations | CZK mil | ... | 265 | 424 |
| Total Cash From Investing | CZK mil | ... | -172 | -245 |
| Total Cash From Financing | CZK mil | ... | -14.9 | -121 |
| Net Change In Cash | CZK mil | ... | 78.4 | 58.4 |
| Cash Conversion Cycle | days | 19.1 | 6.31 | 14.0 |
| Cash Earnings | CZK mil | 244 | 256 | 424 |
| Free Cash Flow | CZK mil | ... | 93.3 | 180 |
Get all company financials in excel:
| summary | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| income statement | ||||||||||||||||||
| Sales | CZK mil | 4,958 | 5,115 | 5,093 | 5,298 | 6,250 | ||||||||||||
| Gross Profit | CZK mil | 751 | 711 | 742 | 868 | 817 | ||||||||||||
| EBIT | CZK mil | 143 | 85.8 | 125 | 260 | 197 | ||||||||||||
| Net Profit | CZK mil | 87.5 | 60.8 | 79.0 | 204 | 158 | ||||||||||||
| ROE | % | 15.7 | 9.65 | 11.3 | 24.2 | 15.4 | ||||||||||||
| EBIT Margin | % | 2.88 | 1.68 | 2.46 | 4.92 | 3.14 | ||||||||||||
| Net Margin | % | 1.76 | 1.19 | 1.55 | 3.85 | 2.52 | ||||||||||||
| Employees | ... | ... | ... | ... | 1,682 | 1,774 | 1,667 | 1,605 | 1,630 | |||||||||
| balance sheet | ||||||||||||||||||
| Total Assets | CZK mil | 1,959 | 1,991 | 1,987 | 2,047 | 2,212 | ||||||||||||
| Non-Current Assets | CZK mil | 1,062 | 1,120 | 1,096 | 1,114 | 1,192 | ||||||||||||
| Current Assets | CZK mil | 885 | 863 | 882 | 927 | 1,012 | ||||||||||||
| Shareholders' Equity | CZK mil | 600 | 661 | 740 | 944 | 1,102 | ||||||||||||
| Liabilities | CZK mil | 1,359 | 1,330 | 1,247 | 1,102 | 1,111 | ||||||||||||
| Non-Current Liabilities | CZK mil | 52.1 | 52.3 | 38.8 | 26.4 | 28.1 | ||||||||||||
| Current Liabilities | CZK mil | 508 | 520 | 511 | 634 | 641 | ||||||||||||
| Net Debt/EBITDA | 2.19 | 2.47 | 1.49 | 0.309 | 0.362 | |||||||||||||
| Net Debt/Equity | % | 79.5 | 63.8 | 43.1 | 11.6 | 9.30 | ||||||||||||
| Cost of Financing | % | ... | ... | ... | 5.20 | 3.04 | 6.24 | 6.00 | 4.05 | |||||||||
| 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 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| income statement | ||||||||||||||||||
| Sales | CZK mil | 4,958 | 5,115 | 5,093 | 5,298 | 6,250 | ||||||||||||
| Cost of Goods & Services | CZK mil | 4,207 | 4,404 | 4,351 | 4,430 | 5,434 | ||||||||||||
| Gross Profit | CZK mil | 751 | 711 | 742 | 868 | 817 | ||||||||||||
| Staff Cost | CZK mil | 568 | 566 | 559 | 547 | 554 | ||||||||||||
| Other Cost | CZK mil | -34.3 | -24.8 | -31.6 | -33.9 | -20.2 | ||||||||||||
| EBITDA | CZK mil | 218 | 170 | 214 | 355 | 283 | ||||||||||||
| Depreciation | CZK mil | 75.2 | 84.7 | 88.4 | 94.9 | 86.3 | ||||||||||||
| EBIT | CZK mil | 143 | 85.8 | 125 | 260 | 197 | ||||||||||||
| Financing Cost | CZK mil | 30.9 | 16.0 | 28.8 | 18.2 | 7.93 | ||||||||||||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||||||
| Pre-Tax Profit | CZK mil | 112 | 69.8 | 96.7 | 242 | 189 | ||||||||||||
| Tax | CZK mil | 24.3 | 8.95 | 17.8 | 38.4 | 30.9 | ||||||||||||
| Minorities | CZK mil | 0.044 | 0.004 | 0.011 | 0.047 | 0.069 | ||||||||||||
| Net Profit | CZK mil | 87.5 | 60.8 | 79.0 | 204 | 158 | ||||||||||||
| Dividends | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | ... | |
| growth rates | ||||||||||||||||||
| Total Revenue Growth | % | ... | -3.31 | 3.18 | -0.448 | 4.03 | 18.0 | |||||||||||
| Operating Cost Growth | % | ... | -14.9 | 1.44 | -2.44 | -2.84 | 4.10 | |||||||||||
| EBITDA Growth | % | ... | 10.6 | -21.8 | 25.5 | 66.1 | -20.4 | |||||||||||
| EBIT Growth | % | ... | 15.8 | -39.9 | 46.3 | 108 | -24.5 | |||||||||||
| Pre-Tax Profit Growth | % | ... | 68.0 | -37.6 | 38.6 | 150 | -22.1 | |||||||||||
| Net Profit Growth | % | ... | 90.9 | -30.4 | 29.8 | 158 | -22.6 | |||||||||||
| ratios | ||||||||||||||||||
| ROE | % | 15.7 | 9.65 | 11.3 | 24.2 | 15.4 | ||||||||||||
| ROCE | % | ... | ... | ... | ... | 6.73 | 4.49 | 5.64 | 14.4 | 10.6 | ||||||||
| Gross Margin | % | 15.1 | 13.9 | 14.6 | 16.4 | 13.1 | ||||||||||||
| EBITDA Margin | % | 4.39 | 3.33 | 4.20 | 6.71 | 4.52 | ||||||||||||
| EBIT Margin | % | 2.88 | 1.68 | 2.46 | 4.92 | 3.14 | ||||||||||||
| Net Margin | % | 1.76 | 1.19 | 1.55 | 3.85 | 2.52 | ||||||||||||
| Payout Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | ... | |
| Cost of Financing | % | ... | ... | ... | 5.20 | 3.04 | 6.24 | 6.00 | 4.05 | |||||||||
| Net Debt/EBITDA | 2.19 | 2.47 | 1.49 | 0.309 | 0.362 |
| balance sheet | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| balance sheet | ||||||||||||||||||
| Non-Current Assets | CZK mil | 1,062 | 1,120 | 1,096 | 1,114 | 1,192 | ||||||||||||
| Property, Plant & Equipment | CZK mil | 1,045 | 1,106 | 1,088 | 1,110 | 1,188 | ||||||||||||
| Intangible Assets | CZK mil | 17.2 | 13.1 | 7.59 | 4.00 | 3.60 | ||||||||||||
| Current Assets | CZK mil | 885 | 863 | 882 | 927 | 1,012 | ||||||||||||
| Inventories | CZK mil | 278 | 299 | 263 | 291 | 380 | ||||||||||||
| Receivables | CZK mil | ... | ... | ... | 436 | 427 | 487 | 524 | 503 | |||||||||
| Cash & Cash Equivalents | CZK mil | 69.3 | 81.3 | 99.6 | 78.9 | 100 | ||||||||||||
| Total Assets | CZK mil | 1,959 | 1,991 | 1,987 | 2,047 | 2,212 | ||||||||||||
| Shareholders' Equity | CZK mil | 600 | 661 | 740 | 944 | 1,102 | ||||||||||||
| Of Which Minority Interest | CZK mil | ... | 0.300 | 0.304 | 0.315 | 0.362 | 0.356 | |||||||||||
| Liabilities | CZK mil | 1,359 | 1,330 | 1,247 | 1,102 | 1,111 | ||||||||||||
| Non-Current Liabilities | CZK mil | 52.1 | 52.3 | 38.8 | 26.4 | 28.1 | ||||||||||||
| Long-Term Debt | CZK mil | 229 | 6.67 | 189 | 139 | 151 | ||||||||||||
| Deferred Tax Liabilities | CZK mil | 27.0 | 29.1 | 26.1 | 26.4 | 28.1 | ||||||||||||
| Current Liabilities | CZK mil | 508 | 520 | 511 | 634 | 641 | ||||||||||||
| Short-Term Debt | CZK mil | 318 | 496 | 230 | 50.0 | 51.4 | ||||||||||||
| Trade Payables | CZK mil | 456 | 455 | 434 | 509 | 533 | ||||||||||||
| Provisions | CZK mil | 241 | 223 | 200 | 164 | 130 | ||||||||||||
| Equity And Liabilities | CZK mil | 1,959 | 1,991 | 1,987 | 2,047 | 2,212 | ||||||||||||
| growth rates | ||||||||||||||||||
| Total Asset Growth | % | ... | -3.44 | 1.64 | -0.237 | 3.02 | 8.10 | |||||||||||
| Shareholders' Equity Growth | % | ... | 16.8 | 10.1 | 11.9 | 27.6 | 16.7 | |||||||||||
| Net Debt Growth | % | ... | -4.65 | -11.7 | -24.3 | -65.6 | -6.62 | |||||||||||
| Total Debt Growth | % | ... | ... | ... | ... | -14.6 | -8.01 | -16.8 | -54.9 | 7.40 | ||||||||
| ratios | ||||||||||||||||||
| Total Debt | CZK mil | 547 | 503 | 419 | 189 | 203 | ||||||||||||
| Net Debt | CZK mil | 477 | 422 | 319 | 110 | 102 | ||||||||||||
| Working Capital | CZK mil | ... | ... | ... | 259 | 271 | 315 | 306 | 350 | |||||||||
| Capital Employed | CZK mil | ... | ... | ... | 1,321 | 1,391 | 1,411 | 1,420 | 1,541 | |||||||||
| Net Debt/Equity | % | 79.5 | 63.8 | 43.1 | 11.6 | 9.30 | ||||||||||||
| Cost of Financing | % | ... | ... | ... | 5.20 | 3.04 | 6.24 | 6.00 | 4.05 |
| cash flow | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| cash flow | ||||||||||||||||||
| Net Profit | CZK mil | 87.5 | 60.8 | 79.0 | 204 | 158 | ||||||||||||
| Depreciation | CZK mil | 75.2 | 84.7 | 88.4 | 94.9 | 86.3 | ||||||||||||
| 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 | ... | ... | ... | 32.1 | 30.4 | 34.9 | 36.1 | 29.4 | |||||||||
| Days Sales Of Inventory | days | 24.2 | 24.8 | 22.1 | 24.0 | 25.5 | ||||||||||||
| Days Payable Outstanding | days | 39.5 | 37.7 | 36.4 | 41.9 | 35.8 | ||||||||||||
| Cash Conversion Cycle | days | ... | ... | ... | 16.7 | 17.6 | 20.5 | 18.2 | 19.1 | |||||||||
| Cash Earnings | CZK mil | 163 | 146 | 167 | 299 | 244 | ||||||||||||
| Free Cash Flow | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| other data | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| other data | ||||||||||||||||||
| ROA | % | 4.39 | 3.08 | 3.97 | 10.1 | 7.40 | ||||||||||||
| Gross Margin | % | 15.1 | 13.9 | 14.6 | 16.4 | 13.1 | ||||||||||||
| Employees | ... | ... | ... | ... | 1,682 | 1,774 | 1,667 | 1,605 | 1,630 | |||||||||
| Cost Per Employee | USD per month | ... | ... | ... | ... | 1,471 | 1,502 | 1,429 | 1,451 | 1,325 | ||||||||
| Cost Per Employee (Local Currency) | CZK per month | ... | ... | ... | ... | 28,117 | 26,573 | 27,956 | 28,379 | 28,318 | ||||||||
| Staff Cost (As % Of Total Cost) | % | 11.8 | 11.2 | 11.3 | 10.9 | 9.15 | ||||||||||||
| Effective Tax Rate | % | 21.7 | 12.8 | 18.4 | 15.9 | 16.4 | ||||||||||||
| Domestic Sales | CZK mil | ... | ... | ... | ... | ... | 3,663 | 3,827 | 3,853 | 4,035 | 4,758 | |||||||
| Capital Expenditures (As % of Sales) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Revenues From Abroad | CZK mil | ... | ... | ... | ... | ... | 699 | 804 | 828 | 805 | 975 | |||||||
| Revenues From Abroad (As % Of Total) | % | ... | ... | ... | ... | ... | 14.1 | 15.7 | 16.3 | 15.2 | 15.6 |
Get all company financials in excel:
Madeta, a.s. is a Czech Republic-based milk producer and one of the largest food processors in the country. The Company processes more than 500 mil litres of milk a year in its six plants, or a fifth of the Czech Republic's total production. Its portfolio includes 239 kinds of products, but the decisive production programme is cheese production, dry milk and butter. MADETA exports around 25% of its production to more than 15 countries in Europe, North and South America, Asia and Africa.
Madeta has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 24.7% a year during that time to total of CZK 514 mil in 2016, or 9.64% of sales. That’s compared to 6.07% average margin seen in last five years.
The company netted CZK 367 mil in 2016 implying ROE of 25.2% and ROCE of 23.4%. Again, the average figures were 18.1% and 13.1%, respectively when looking at the previous 5 years.
Madeta’s net debt amounted to CZK -166 mil at the end of 2016, or -10.1% of equity. When compared to EBITDA, net debt was -0.323x, down when compared to average of 0.374x seen in the last 5 years.
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