By Helgi Library - April 2, 2020
Meopta-optika's total assets reached CZK 2,588 mil at the end of 2015, down 0.74% compared to the previous year. C...
By Helgi Library - April 2, 2020
Meopta-optika's total assets reached CZK 2,588 mil at the end of 2015, down 0.74% compared to the previous year. C...
| Profit Statement | 2013 | 2014 | 2015 | |
| Sales | CZK mil | 2,106 | 2,059 | 2,216 |
| Gross Profit | CZK mil | 1,036 | 1,034 | 1,184 |
| EBITDA | CZK mil | 218 | 185 | 189 |
| EBIT | CZK mil | 76.8 | 25.5 | 46.3 |
| Financing Cost | CZK mil | 14.9 | 19.5 | 23.5 |
| Pre-Tax Profit | CZK mil | 61.9 | 5.97 | 22.8 |
| Net Profit | CZK mil | 58.8 | 4.09 | 21.6 |
| Balance Sheet | 2013 | 2014 | 2015 | |
| Total Assets | CZK mil | 2,665 | 2,607 | 2,588 |
| Non-Current Assets | CZK mil | 1,368 | 1,272 | 1,232 |
| Current Assets | CZK mil | 1,278 | 1,318 | 1,335 |
| Working Capital | CZK mil | 991 | 1,152 | 1,112 |
| Shareholders' Equity | CZK mil | 1,966 | 1,973 | 2,000 |
| Liabilities | CZK mil | 699 | 634 | 588 |
| Total Debt | CZK mil | 412 | 364 | 287 |
| Net Debt | CZK mil | 353 | 294 | 181 |
| Ratios | 2013 | 2014 | 2015 | |
| ROE | % | 3.04 | 0.208 | 1.09 |
| ROCE | % | 2.61 | 0.171 | 0.907 |
| Gross Margin | % | 49.2 | 50.2 | 53.4 |
| EBITDA Margin | % | 10.3 | 9.00 | 8.51 |
| EBIT Margin | % | 3.64 | 1.24 | 2.09 |
| Net Margin | % | 2.79 | 0.199 | 0.976 |
| Net Debt/EBITDA | 1.62 | 1.59 | 0.962 | |
| Net Debt/Equity | 0.180 | 0.149 | 0.091 | |
| Cost of Financing | % | 4.71 | 5.03 | 7.20 |
| Cash Flow | 2013 | 2014 | 2015 | |
| Total Cash From Operations | CZK mil | 15.9 | 120 | 215 |
| Total Cash From Investing | CZK mil | -219 | -61.0 | -102 |
| Total Cash From Financing | CZK mil | 191 | -47.7 | -76.9 |
| Net Change In Cash | CZK mil | -11.6 | 10.9 | 36.1 |
| Cash Conversion Cycle | days | 301 | 366 | 338 |
| Cash Earnings | CZK mil | 200 | 164 | 164 |
| Free Cash Flow | CZK mil | -203 | 58.5 | 113 |
Get all company financials in excel:
| summary | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | ||||||||||||||
| Sales | CZK mil | 1,163 | 1,722 | 2,147 | 1,974 | 2,106 | ||||||||
| Gross Profit | CZK mil | 675 | 879 | 1,080 | 976 | 1,036 | ||||||||
| EBIT | CZK mil | -33.8 | 38.4 | 145 | 32.5 | 76.8 | ||||||||
| Net Profit | CZK mil | -44.0 | 26.2 | 139 | 66.9 | 58.8 | ||||||||
| ROE | % | -2.64 | 1.57 | 7.88 | 3.58 | 3.04 | ||||||||
| EBIT Margin | % | -2.90 | 2.23 | 6.73 | 1.65 | 3.64 | ||||||||
| Net Margin | % | -3.78 | 1.52 | 6.47 | 3.39 | 2.79 | ||||||||
| Employees | ... | 2,134 | 2,209 | 2,398 | 2,293 | 2,251 | ||||||||
| balance sheet | ||||||||||||||
| Total Assets | CZK mil | 1,979 | 2,289 | 2,406 | 2,338 | 2,665 | ||||||||
| Non-Current Assets | CZK mil | 1,187 | 1,289 | 1,332 | 1,286 | 1,368 | ||||||||
| Current Assets | CZK mil | 753 | 961 | 1,039 | 1,020 | 1,278 | ||||||||
| Shareholders' Equity | CZK mil | 1,650 | 1,694 | 1,833 | 1,903 | 1,966 | ||||||||
| Liabilities | CZK mil | 329 | 595 | 573 | 435 | 699 | ||||||||
| Non-Current Liabilities | CZK mil | 18.1 | 19.6 | 21.7 | 23.2 | 23.0 | ||||||||
| Current Liabilities | CZK mil | 179 | 341 | 202 | 154 | 222 | ||||||||
| Net Debt/EBITDA | 1.51 | 1.16 | 0.681 | 0.884 | 1.62 | |||||||||
| Net Debt/Equity | 0.061 | 0.098 | 0.095 | 0.079 | 0.180 | |||||||||
| Cost of Financing | % | ... | 6.97 | 3.12 | 0.661 | 2.35 | 4.71 | |||||||
| cash flow | ||||||||||||||
| Total Cash From Operations | CZK mil | ... | 82.7 | 144 | 142 | 112 | 15.9 | |||||||
| Total Cash From Investing | CZK mil | ... | -44.9 | -202 | -150 | -102 | -219 | |||||||
| Total Cash From Financing | CZK mil | ... | -23.9 | 87.2 | 89.0 | -82.8 | 191 | |||||||
| Net Change In Cash | CZK mil | ... | 13.8 | 28.9 | 81.0 | -72.6 | -11.6 |
| income statement | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | ||||||||||||||
| Sales | CZK mil | 1,163 | 1,722 | 2,147 | 1,974 | 2,106 | ||||||||
| Cost of Goods & Services | CZK mil | 488 | 842 | 1,067 | 998 | 1,071 | ||||||||
| Gross Profit | CZK mil | 675 | 879 | 1,080 | 976 | 1,036 | ||||||||
| Staff Cost | CZK mil | 595 | 693 | 795 | 787 | 794 | ||||||||
| Other Cost | CZK mil | 13.6 | 43.2 | 30.0 | 19.1 | 23.8 | ||||||||
| EBITDA | CZK mil | 66.8 | 143 | 256 | 170 | 218 | ||||||||
| Depreciation | CZK mil | 101 | 105 | 111 | 137 | 141 | ||||||||
| EBIT | CZK mil | -33.8 | 38.4 | 145 | 32.5 | 76.8 | ||||||||
| Financing Cost | CZK mil | 13.2 | 5.65 | 1.80 | 6.30 | 14.9 | ||||||||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | -42.5 | 0 | ||||||||
| Pre-Tax Profit | CZK mil | -47.0 | 32.7 | 143 | 68.7 | 61.9 | ||||||||
| Tax | CZK mil | -2.98 | 8.56 | 3.75 | 1.78 | 3.09 | ||||||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||
| Net Profit | CZK mil | -44.0 | 26.2 | 139 | 66.9 | 58.8 | ||||||||
| growth rates | ||||||||||||||
| Total Revenue Growth | % | ... | -19.0 | 48.0 | 24.7 | -8.07 | 6.70 | |||||||
| Operating Cost Growth | % | ... | -12.8 | 21.1 | 12.0 | -2.26 | 1.46 | |||||||
| EBITDA Growth | % | ... | -21.2 | 114 | 78.6 | -33.6 | 28.5 | |||||||
| EBIT Growth | % | ... | 78.1 | -214 | 277 | -77.5 | 136 | |||||||
| Pre-Tax Profit Growth | % | ... | 548 | -170 | 336 | -51.9 | -9.94 | |||||||
| Net Profit Growth | % | ... | 415 | -159 | 431 | -51.9 | -12.2 | |||||||
| ratios | ||||||||||||||
| ROE | % | -2.64 | 1.57 | 7.88 | 3.58 | 3.04 | ||||||||
| ROCE | % | ... | -2.33 | 1.39 | 6.84 | 3.12 | 2.61 | |||||||
| Gross Margin | % | 58.0 | 51.1 | 50.3 | 49.4 | 49.2 | ||||||||
| EBITDA Margin | % | 5.75 | 8.31 | 11.9 | 8.59 | 10.3 | ||||||||
| EBIT Margin | % | -2.90 | 2.23 | 6.73 | 1.65 | 3.64 | ||||||||
| Net Margin | % | -3.78 | 1.52 | 6.47 | 3.39 | 2.79 | ||||||||
| Cost of Financing | % | ... | 6.97 | 3.12 | 0.661 | 2.35 | 4.71 | |||||||
| Net Debt/EBITDA | 1.51 | 1.16 | 0.681 | 0.884 | 1.62 |
| balance sheet | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| balance sheet | ||||||||||||||
| Non-Current Assets | CZK mil | 1,187 | 1,289 | 1,332 | 1,286 | 1,368 | ||||||||
| Property, Plant & Equipment | CZK mil | 1,175 | 1,249 | 1,278 | 1,240 | 1,317 | ||||||||
| Intangible Assets | CZK mil | 1.53 | 0.705 | 10.2 | 12.7 | 14.6 | ||||||||
| Current Assets | CZK mil | 753 | 961 | 1,039 | 1,020 | 1,278 | ||||||||
| Inventories | CZK mil | 565 | 664 | 713 | 771 | 888 | ||||||||
| Receivables | CZK mil | 147 | 209 | 172 | 166 | 223 | ||||||||
| Cash & Cash Equivalents | CZK mil | 33.1 | 62.0 | 143 | 70.4 | 58.7 | ||||||||
| Total Assets | CZK mil | 1,979 | 2,289 | 2,406 | 2,338 | 2,665 | ||||||||
| Shareholders' Equity | CZK mil | 1,650 | 1,694 | 1,833 | 1,903 | 1,966 | ||||||||
| Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||
| Liabilities | CZK mil | 329 | 595 | 573 | 435 | 699 | ||||||||
| Non-Current Liabilities | CZK mil | 18.1 | 19.6 | 21.7 | 23.2 | 23.0 | ||||||||
| Long-Term Debt | CZK mil | 57.4 | 89.2 | 172 | 137 | 240 | ||||||||
| Deferred Tax Liabilities | CZK mil | 13.1 | 19.6 | 21.7 | 21.7 | 23.0 | ||||||||
| Current Liabilities | CZK mil | 179 | 341 | 202 | 154 | 222 | ||||||||
| Short-Term Debt | CZK mil | 76.5 | 139 | 145 | 83.1 | 172 | ||||||||
| Trade Payables | CZK mil | 67.0 | 236 | 77.5 | 72.4 | 120 | ||||||||
| Provisions | CZK mil | 9.78 | 17.4 | 23.1 | 22.5 | 21.5 | ||||||||
| Equity And Liabilities | CZK mil | 1,979 | 2,289 | 2,406 | 2,338 | 2,665 | ||||||||
| growth rates | ||||||||||||||
| Total Asset Growth | % | ... | -6.26 | 15.6 | 5.14 | -2.82 | 14.0 | |||||||
| Shareholders' Equity Growth | % | ... | -1.98 | 2.64 | 8.19 | 3.82 | 3.32 | |||||||
| Net Debt Growth | % | ... | -55.5 | 64.8 | 4.75 | -13.8 | 135 | |||||||
| Total Debt Growth | % | ... | -45.5 | 70.3 | 39.0 | -30.5 | 86.8 | |||||||
| ratios | ||||||||||||||
| Total Debt | CZK mil | 134 | 228 | 317 | 220 | 412 | ||||||||
| Net Debt | CZK mil | 101 | 166 | 174 | 150 | 353 | ||||||||
| Working Capital | CZK mil | 644 | 637 | 808 | 865 | 991 | ||||||||
| Capital Employed | CZK mil | 1,831 | 1,926 | 2,139 | 2,151 | 2,359 | ||||||||
| Net Debt/Equity | 0.061 | 0.098 | 0.095 | 0.079 | 0.180 | |||||||||
| Cost of Financing | % | ... | 6.97 | 3.12 | 0.661 | 2.35 | 4.71 |
| cash flow | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| cash flow | ||||||||||||||
| Net Profit | CZK mil | -44.0 | 26.2 | 139 | 66.9 | 58.8 | ||||||||
| Depreciation | CZK mil | 101 | 105 | 111 | 137 | 141 | ||||||||
| Non-Cash Items | CZK mil | ... | -26.7 | 5.73 | 62.8 | -34.9 | -57.4 | |||||||
| Change in Working Capital | CZK mil | ... | 52.7 | 7.43 | -171 | -56.9 | -127 | |||||||
| Total Cash From Operations | CZK mil | ... | 82.7 | 144 | 142 | 112 | 15.9 | |||||||
| Capital Expenditures | CZK mil | ... | -51.9 | -238 | -180 | -102 | -219 | |||||||
| Other Investments | CZK mil | ... | 7.00 | 36.1 | 29.8 | 0.309 | 0.245 | |||||||
| Total Cash From Investing | CZK mil | ... | -44.9 | -202 | -150 | -102 | -219 | |||||||
| Issuance Of Debt | CZK mil | ... | -112 | 94.2 | 88.9 | -96.7 | 191 | |||||||
| Total Cash From Financing | CZK mil | ... | -23.9 | 87.2 | 89.0 | -82.8 | 191 | |||||||
| Net Change In Cash | CZK mil | ... | 13.8 | 28.9 | 81.0 | -72.6 | -11.6 | |||||||
| ratios | ||||||||||||||
| Days Sales Outstanding | days | 46.0 | 44.3 | 29.3 | 30.7 | 38.6 | ||||||||
| Days Sales Of Inventory | days | 422 | 288 | 244 | 282 | 303 | ||||||||
| Days Payable Outstanding | days | 50.1 | 102 | 26.5 | 26.5 | 40.8 | ||||||||
| Cash Conversion Cycle | days | 418 | 230 | 247 | 286 | 301 | ||||||||
| Cash Earnings | CZK mil | 56.6 | 131 | 250 | 204 | 200 | ||||||||
| Free Cash Flow | CZK mil | ... | 37.8 | -58.3 | -7.97 | 10.2 | -203 |
| other data | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| other data | ||||||||||||||
| ROA | % | -2.15 | 1.23 | 5.92 | 2.82 | 2.35 | ||||||||
| Gross Margin | % | 58.0 | 51.1 | 50.3 | 49.4 | 49.2 | ||||||||
| Employees | ... | 2,134 | 2,209 | 2,398 | 2,293 | 2,251 | ||||||||
| Cost Per Employee | USD per month | ... | 1,218 | 1,368 | 1,562 | 1,462 | 1,503 | |||||||
| Cost Per Employee (Local Currency) | CZK per month | ... | 23,219 | 26,151 | 27,619 | 28,602 | 29,397 | |||||||
| Staff Cost (As % Of Total Cost) | % | 49.7 | 41.2 | 39.7 | 40.5 | 39.1 | ||||||||
| Effective Tax Rate | % | 6.35 | 26.1 | 2.63 | 2.59 | 4.99 | ||||||||
| Capital Expenditures (As % of Sales) | % | ... | 4.46 | 13.9 | 8.37 | 5.19 | 10.4 | |||||||
| Sales of Sports Optics | CZK mil | ... | ... | 255 | 251 | 342 | 385 | 363 | ||||||
| Sales of Telescopes Meopta | CZK mil | ... | ... | 202 | 193 | 236 | 278 | ... | ... | ... | ||||
| Sales of OEM Telescopes | CZK mil | ... | ... | 52.7 | 57.3 | 106 | 107 | ... | ... | ... | ||||
| Sales of Fototechnology | CZK mil | ... | ... | 1.42 | 0.419 | 0.421 | 0.273 | ... | ... | ... | ||||
| Sales of Projectors | CZK mil | ... | ... | 3.11 | 1.43 | 0.682 | 0.461 | ... | ... | ... | ||||
| Sales of Measuring technology | CZK mil | ... | ... | 0.112 | 0.176 | 0.069 | 0.026 | ... | ... | ... | ||||
| Sales of Army Technology | CZK mil | ... | ... | 129 | 91.6 | 156 | 129 | 108 | ||||||
| Sales of Strategic Systems | CZK mil | ... | ... | 388 | 861 | 1,017 | 962 | 1,048 | ||||||
| Sales of Optics | CZK mil | ... | ... | 262 | 263 | 337 | 251 | 252 | ||||||
| Sales from Cooperation | CZK mil | ... | ... | 45.0 | 40.4 | 51.0 | 48.1 | 43.9 | ||||||
| Sales From Services | CZK mil | ... | ... | 67.3 | 73.6 | 102 | 84.7 | 87.6 |
Get all company financials in excel:
Meopta is a Czech Republic-based company involved in developing, manufacturing and assembling optical, opto-mechanical and optoelectronic products. Meopta's product portfolio include precision medical and scientific instruments, digital cinematic projectors, aerospace technologies, military weapon systems or consumer sports optics, for example. More specifically, Meopra produces cameras, enlargers, projectors, telescopes, binoculars, and spotting scopes or sport optics products, such as riflescopes, binoculars, and spotting scopes; military optics, including day/night sights and scopes, night driverscope, fire control systems, and many others. The Company was founded in 1933 and is based in Prerov, the Czech Republic. It has operations in the Czech Republic, the United States, and Switzerland and employes over 2,200 highly skilled associates
Meopta-optika has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 5.67% a year during that time to total of CZK 189 mil in 2015, or 8.51% of sales. That’s compared to 9.67% average margin seen in last five years.
The company netted CZK 21.6 mil in 2015 implying ROE of 1.09% and ROCE of 0.907%. Again, the average figures were 3.16% and 2.73%, respectively when looking at the previous 5 years.
Meopta-optika’s net debt amounted to CZK 181 mil at the end of 2015, or 0.091 of equity. When compared to EBITDA, net debt was 0.962x, down when compared to average of 1.15x seen in the last 5 years.
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