By Helgi Library - November 2, 2024
Makovec employed 855 employees in 2023, up 10.6% compared to the previous year. Historically, between 2013 and 2023, ...
By Helgi Library - November 2, 2024
Makovec made a net profit of CZK 17.4 mil in 2023, up 37.6% compared to the previous year. Total sales reached CZK 1,993 mil, wh...
By Helgi Library - November 2, 2024
Makovec made a net profit of CZK 17.4 mil with revenues of CZK 1,993 mil in 2023, up by 37.6% and up by 11.4%, respectively,...
| Profit Statement | 2021 | 2022 | 2023 | |
| Sales | CZK mil | 1,553 | 1,789 | 1,993 |
| Gross Profit | CZK mil | 538 | 506 | 603 |
| EBITDA | CZK mil | 134 | 52.2 | 98.4 |
| EBIT | CZK mil | 90.4 | 22.5 | 37.2 |
| Financing Cost | CZK mil | 0.307 | 1.40 | 1.67 |
| Pre-Tax Profit | CZK mil | 83.3 | 19.2 | 28.2 |
| Net Profit | CZK mil | 65.1 | 12.7 | 17.4 |
| Dividends | CZK mil | 7.11 | 0.437 | ... |
| Balance Sheet | 2021 | 2022 | 2023 | |
| Total Assets | CZK mil | 650 | 788 | 833 |
| Non-Current Assets | CZK mil | 482 | 548 | 566 |
| Current Assets | CZK mil | 166 | 234 | 254 |
| Working Capital | CZK mil | 6.53 | -13.8 | -6.60 |
| Shareholders' Equity | CZK mil | 411 | 416 | 433 |
| Liabilities | CZK mil | 479 | 567 | 567 |
| Total Debt | CZK mil | 67.4 | 139 | 174 |
| Net Debt | CZK mil | -30.0 | 5.52 | 14.1 |
| Ratios | 2021 | 2022 | 2023 | |
| ROE | % | 16.9 | 3.06 | 4.10 |
| ROCE | % | 16.6 | 2.48 | 3.18 |
| Gross Margin | % | 34.6 | 28.3 | 30.3 |
| EBITDA Margin | % | 8.60 | 2.92 | 4.94 |
| EBIT Margin | % | 5.82 | 1.26 | 1.87 |
| Net Margin | % | 4.19 | 0.708 | 0.874 |
| Net Debt/EBITDA | -0.224 | 0.106 | 0.143 | |
| Net Debt/Equity | % | -7.30 | 1.33 | 3.26 |
| Cost of Financing | % | 0.740 | 1.36 | 1.07 |
| Cash Flow | 2021 | 2022 | 2023 | |
| Total Cash From Operations | CZK mil | 1.64 | 63.4 | 104 |
| Total Cash From Investing | CZK mil | -155 | -84.8 | -109 |
| Total Cash From Financing | CZK mil | 39.2 | 62.1 | 34.4 |
| Net Change In Cash | CZK mil | -114 | 40.7 | 29.2 |
| Cash Conversion Cycle | days | -4.99 | -10.1 | -6.78 |
| Cash Earnings | CZK mil | 108 | 42.4 | 78.6 |
| Free Cash Flow | CZK mil | -153 | -21.4 | -5.21 |
Get all company financials in excel:
| overview | Unit | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| income statement | ||||||||||||
| Sales | CZK mil | 1,330 | 1,324 | 1,534 | 1,583 | 1,553 | ||||||
| Gross Profit | CZK mil | 363 | 410 | 420 | 570 | 538 | ||||||
| EBIT | CZK mil | 47.4 | 63.7 | 26.7 | 138 | 90.4 | ||||||
| Net Profit | CZK mil | ... | 30.9 | 51.6 | 16.3 | 110 | 65.1 | |||||
| ROE | % | 15.3 | 22.2 | 6.42 | 35.6 | 16.9 | ||||||
| EBIT Margin | % | 3.57 | 4.81 | 1.74 | 8.73 | 5.82 | ||||||
| Net Margin | % | 2.32 | 3.90 | 1.06 | 6.92 | 4.19 | ||||||
| Employees | 575 | 610 | 669 | 702 | 738 | |||||||
| balance sheet | ||||||||||||
| Total Assets | CZK mil | 414 | 454 | 463 | 549 | 650 | ||||||
| Non-Current Assets | CZK mil | 269 | 270 | 277 | 285 | 482 | ||||||
| Current Assets | CZK mil | 144 | 182 | 184 | 263 | 166 | ||||||
| Shareholders' Equity | CZK mil | 214 | 250 | 257 | 358 | 411 | ||||||
| Liabilities | CZK mil | 200 | 204 | 206 | 831 | 479 | ||||||
| Non-Current Liabilities | CZK mil | 45.0 | 51.5 | 35.6 | 19.2 | 75.7 | ||||||
| Current Liabilities | CZK mil | 146 | 133 | 148 | 148 | 141 | ||||||
| Net Debt/EBITDA | -0.342 | -0.821 | -1.23 | -1.04 | -0.224 | |||||||
| Net Debt/Equity | % | -13.8 | -32.7 | -32.0 | -52.0 | -7.30 | ||||||
| Cost of Financing | % | ... | 1.38 | 1.41 | 2.77 | 1.80 | 0.740 | |||||
| cash flow | ||||||||||||
| Total Cash From Operations | CZK mil | ... | -19.8 | 35.5 | -20.5 | 75.3 | 1.64 | |||||
| Total Cash From Investing | CZK mil | ... | 48.3 | 35.5 | 33.2 | 33.4 | -155 | |||||
| Total Cash From Financing | CZK mil | ... | -32.6 | -42.0 | -25.5 | -21.1 | 39.2 | |||||
| Net Change In Cash | CZK mil | ... | -4.09 | 29.0 | -12.8 | 87.6 | -114 |
| income statement | Unit | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| income statement | ||||||||||||
| Sales | CZK mil | 1,330 | 1,324 | 1,534 | 1,583 | 1,553 | ||||||
| Cost of Goods & Services | CZK mil | 966 | 914 | 1,113 | 1,013 | 1,015 | ||||||
| Cost of Material & Energy | CZK mil | 874 | 816 | 1,007 | 910 | 912 | ||||||
| Gross Profit | CZK mil | 363 | 410 | 420 | 570 | 538 | ||||||
| Staff Cost | CZK mil | 274 | 305 | 349 | 384 | 401 | ||||||
| Other Operating Cost (Income) | CZK mil | 3.42 | 6.22 | 4.51 | 7.17 | 2.95 | ||||||
| EBITDA | CZK mil | 86.1 | 99.5 | 67.0 | 180 | 134 | ||||||
| Depreciation | CZK mil | ... | 38.7 | 35.8 | 40.3 | 41.4 | 43.2 | |||||
| EBIT | CZK mil | 47.4 | 63.7 | 26.7 | 138 | 90.4 | ||||||
| Net Financing Cost | CZK mil | 9.50 | 2.17 | 4.27 | 0.127 | 7.11 | ||||||
| Financing Cost | CZK mil | 1.16 | 0.815 | 1.01 | 0.397 | 0.307 | ||||||
| Financing Income | CZK mil | 0.197 | 0.197 | 0.566 | 0.341 | 0.314 | ||||||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Pre-Tax Profit | CZK mil | 37.9 | 61.5 | 22.4 | 138 | 83.3 | ||||||
| Tax | CZK mil | 7.05 | 9.93 | 6.13 | 28.6 | 18.2 | ||||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Net Profit | CZK mil | ... | 30.9 | 51.6 | 16.3 | 110 | 65.1 | |||||
| Net Profit Avail. to Common | CZK mil | 30.9 | 51.6 | 16.3 | 110 | 65.1 | ||||||
| Dividends | CZK mil | 15.7 | 9.33 | 8.32 | 12.5 | 7.11 | ... | |||||
| growth rates | ||||||||||||
| Total Revenue Growth | % | ... | 7.62 | -0.398 | 15.8 | 3.24 | -1.90 | |||||
| Staff Cost Growth | % | ... | 12.1 | 11.3 | 14.5 | 10.0 | 4.60 | |||||
| EBITDA Growth | % | ... | 35.4 | 15.5 | -32.7 | 168 | -25.6 | |||||
| EBIT Growth | % | ... | 113 | 34.3 | -58.1 | 419 | -34.6 | |||||
| Pre-Tax Profit Growth | % | ... | 139 | 62.2 | -63.6 | 517 | -39.7 | |||||
| Net Profit Growth | % | ... | 123 | 67.1 | -68.5 | 573 | -40.6 | |||||
| ratios | ||||||||||||
| ROE | % | 15.3 | 22.2 | 6.42 | 35.6 | 16.9 | ||||||
| ROA | % | 7.21 | 11.9 | 3.55 | 21.6 | 10.9 | ||||||
| ROCE | % | ... | 12.1 | 20.0 | 6.31 | 39.4 | 16.6 | |||||
| Gross Margin | % | 27.3 | 31.0 | 27.4 | 36.0 | 34.6 | ||||||
| EBITDA Margin | % | 6.48 | 7.51 | 4.37 | 11.3 | 8.60 | ||||||
| EBIT Margin | % | 3.57 | 4.81 | 1.74 | 8.73 | 5.82 | ||||||
| Net Margin | % | 2.32 | 3.90 | 1.06 | 6.92 | 4.19 | ||||||
| Payout Ratio | % | 51.0 | 18.1 | 51.2 | 11.4 | 10.9 | ... | |||||
| Cost of Financing | % | ... | 1.38 | 1.41 | 2.77 | 1.80 | 0.740 | |||||
| Net Debt/EBITDA | -0.342 | -0.821 | -1.23 | -1.04 | -0.224 |
| balance sheet | Unit | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| balance sheet | ||||||||||||
| Cash & Cash Equivalents | CZK mil | 75.0 | 104 | 91.1 | 179 | 65.1 | ||||||
| Receivables | CZK mil | 34.9 | 40.2 | 53.0 | 46.8 | 59.0 | ||||||
| Inventories | CZK mil | 33.7 | 37.5 | 40.3 | 37.6 | 41.7 | ||||||
| Other ST Assets | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Current Assets | CZK mil | 144 | 182 | 184 | 263 | 166 | ||||||
| Property, Plant & Equipment | CZK mil | 243 | 246 | 257 | 261 | 449 | ||||||
| LT Investments & Receivables | CZK mil | 25.4 | 22.4 | 19.5 | 23.2 | 32.3 | ||||||
| Intangible Assets | CZK mil | 0.455 | 0.793 | 0.583 | 0.786 | 0.966 | ||||||
| Goodwill | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Non-Current Assets | CZK mil | 269 | 270 | 277 | 285 | 482 | ||||||
| Total Assets | CZK mil | 414 | 454 | 463 | 549 | 650 | ||||||
| Trade Payables | CZK mil | 77.2 | 90.7 | 111 | 72.3 | 94.2 | ||||||
| Short-Term Debt | CZK mil | 35.9 | 1.33 | 0.895 | 4.52 | 2.41 | ||||||
| Other ST Liabilities | CZK mil | 33.1 | 40.9 | 36.2 | 70.9 | 44.7 | ||||||
| Current Liabilities | CZK mil | 146 | 133 | 148 | 148 | 141 | ||||||
| Long-Term Debt | CZK mil | 35.0 | 43.3 | 27.5 | 11.1 | 65.0 | ||||||
| Other LT Liabilities | CZK mil | 10.0 | 8.22 | 8.03 | 8.04 | 10.7 | ||||||
| Non-Current Liabilities | CZK mil | 45.0 | 51.5 | 35.6 | 19.2 | 75.7 | ||||||
| Liabilities | CZK mil | 200 | 204 | 206 | 831 | 479 | ||||||
| Equity Before Minority Interest | CZK mil | 214 | 250 | 257 | 358 | 411 | ||||||
| Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Equity | CZK mil | 214 | 250 | 257 | 358 | 411 | ||||||
| growth rates | ||||||||||||
| Total Asset Growth | % | ... | -6.12 | 9.47 | 2.13 | 18.6 | 18.3 | |||||
| Shareholders' Equity Growth | % | ... | 13.6 | 16.7 | 2.77 | 39.4 | 14.7 | |||||
| Net Debt Growth | % | ... | 330 | 177 | 0.593 | 127 | -83.9 | |||||
| Total Debt Growth | % | ... | -27.9 | -37.0 | -36.3 | -45.0 | 331 | |||||
| ratios | ||||||||||||
| Total Debt | CZK mil | 70.9 | 44.6 | 28.4 | 15.6 | 67.4 | ||||||
| Net Debt | CZK mil | -29.5 | -81.7 | -82.1 | -186 | -30.0 | ||||||
| Working Capital | CZK mil | -8.59 | -12.9 | -17.9 | 12.0 | 6.53 | ||||||
| Capital Employed | CZK mil | 261 | 257 | 259 | 297 | 489 | ||||||
| Net Debt/Equity | % | -13.8 | -32.7 | -32.0 | -52.0 | -7.30 | ||||||
| Current Ratio | 0.982 | 1.37 | 1.24 | 1.78 | 1.17 | |||||||
| Quick Ratio | 0.752 | 1.08 | 0.972 | 1.53 | 0.878 |
| cash flow | Unit | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| cash flow | ||||||||||||
| Net Profit | CZK mil | ... | 30.9 | 51.6 | 16.3 | 110 | 65.1 | |||||
| Depreciation | CZK mil | ... | 38.7 | 35.8 | 40.3 | 41.4 | 43.2 | |||||
| Non-Cash Items | CZK mil | ... | -69.2 | -56.3 | -82.0 | -45.7 | -112 | |||||
| Change in Working Capital | CZK mil | ... | -20.2 | 4.36 | 4.93 | -29.9 | 5.49 | |||||
| Total Cash From Operations | CZK mil | ... | -19.8 | 35.5 | -20.5 | 75.3 | 1.64 | |||||
| Capital Expenditures | CZK mil | ... | 48.3 | 35.5 | 33.2 | 33.4 | -155 | |||||
| Total Cash From Investing | CZK mil | ... | 48.3 | 35.5 | 33.2 | 33.4 | -155 | |||||
| Dividends Paid | CZK mil | ... | -5.24 | -15.7 | -9.33 | -8.32 | -12.5 | |||||
| Issuance Of Shares | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | |||||
| Issuance Of Debt | CZK mil | ... | -27.4 | -26.3 | -16.2 | -12.8 | 51.7 | |||||
| Total Cash From Financing | CZK mil | ... | -32.6 | -42.0 | -25.5 | -21.1 | 39.2 | |||||
| Net Change In Cash | CZK mil | ... | -4.09 | 29.0 | -12.8 | 87.6 | -114 | |||||
| ratios | ||||||||||||
| Days Sales Outstanding | days | 9.59 | 11.1 | 12.6 | 10.8 | 13.9 | ||||||
| Days Sales Of Inventory | days | 12.7 | 15.0 | 13.2 | 13.6 | 15.0 | ||||||
| Days Payable Outstanding | days | 29.2 | 36.2 | 36.5 | 26.1 | 33.9 | ||||||
| Cash Conversion Cycle | days | -6.85 | -10.1 | -10.6 | -1.74 | -4.99 | ||||||
| Cash Earnings | CZK mil | 69.6 | 87.4 | 56.6 | 151 | 108 | ||||||
| Free Cash Flow | CZK mil | ... | 28.5 | 71.0 | 12.7 | 109 | -153 | |||||
| Capital Expenditures (As % of Sales) | % | ... | -3.63 | -2.68 | -2.17 | -2.11 | 9.95 |
| other ratios | Unit | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Employees | 575 | 610 | 669 | 702 | 738 | |||||||
| Cost Per Employee | USD per month | 1,691 | 1,902 | 1,927 | 2,070 | 2,091 | ||||||
| Cost Per Employee (Local Currency) | CZK per month | 39,670 | 41,622 | 43,436 | 45,538 | 45,307 | ||||||
| Material & Energy (As % of Sales) | % | 65.7 | 61.6 | 65.7 | 57.5 | 58.7 | ||||||
| Services (As % of Sales) | % | 5.90 | 6.16 | 5.90 | 5.45 | 5.65 | ||||||
| Staff Cost (As % of Sales) | % | 20.6 | 23.0 | 22.7 | 24.2 | 25.8 | ||||||
| Effective Tax Rate | % | 18.6 | 16.1 | 27.4 | 20.7 | 21.9 | ||||||
| Total Revenue Growth (5-year average) | % | ... | ... | ... | ... | ... | 1.76 | 3.87 | 5.45 | 4.68 | ||
| Total Revenue Growth (10-year average) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Get all company financials in excel:
By Helgi Library - November 2, 2024
Makovec invested a total of CZK 119 mil in 2023, up 30.6% compared to the previous year. Historically, between 2014 - 2023, the company's investments stood at a high of CZK 155 mil in 2021 and a low of CZK -58.0 mil in 2015. As a perc...
By Helgi Library - November 2, 2024
Makovec made a net profit of CZK 17.4 mil in 2023, up 37.6% compared to the previous year. Historically, between 2014 and 2023, the company's net profit reached a high of CZK 110 mil in 2020 and a low of CZK 12.7 mil in 2022. The result implies a return o...
By Helgi Library - November 2, 2024
Makovec's net debt stood at CZK 14.1 mil and accounted for 3.26% of equity at the end of 2023. The ratio is up 1.93 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 50.7% in 2013 and a low of -52...
Makovec has been growing its sales by 8.51% a year on average in the last 5 years. EBITDA has fallen on average by 0.219% a year during that time to total of CZK 98.4 mil in 2023, or 4.94% of sales. That’s compared to 6.44% average margin seen in last five years.
The company netted CZK 17.4 mil in 2023 implying ROE of 4.10% and ROCE of 3.18%. Again, the average figures were 13.2% and 13.6%, respectively when looking at the previous 5 years.
Makovec’s net debt amounted to CZK 14.1 mil at the end of 2023, or 3.26% of equity. When compared to EBITDA, net debt was 0.143x, up when compared to average of -0.448x seen in the last 5 years.
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