By Helgi Library - April 2, 2020
Penny Market Czech Republic's total assets reached CZK 8,305 mil at the end of 2017, up 23.3% compared to the previous year. ...
By Helgi Library - April 2, 2020
Penny Market Czech Republic's total assets reached CZK 8,305 mil at the end of 2017, up 23.3% compared to the previous year. ...
| Profit Statement | 2015 | 2016 | 2017 | |
| Sales | CZK mil | 32,135 | 31,985 | 33,866 |
| Gross Profit | CZK mil | 3,956 | 3,959 | 4,492 |
| EBITDA | CZK mil | 1,154 | 1,217 | 1,408 |
| EBIT | CZK mil | 586 | 639 | 800 |
| Financing Cost | CZK mil | 70.6 | 28.3 | 33.9 |
| Pre-Tax Profit | CZK mil | 516 | 611 | 766 |
| Net Profit | CZK mil | 415 | 487 | 542 |
| Dividends | CZK mil | 3,500 | 0 | ... |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Total Assets | CZK mil | 9,335 | 6,738 | 8,305 |
| Non-Current Assets | CZK mil | 3,129 | 3,028 | 3,086 |
| Current Assets | CZK mil | 6,156 | 3,663 | 5,171 |
| Working Capital | CZK mil | 313 | 904 | 1,591 |
| Shareholders' Equity | CZK mil | 6,239 | 3,226 | 3,768 |
| Liabilities | CZK mil | 3,097 | 3,512 | 4,537 |
| Total Debt | CZK mil | 19.8 | 11.8 | 13.4 |
| Net Debt | CZK mil | -261 | -384 | -556 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 6.89 | 10.3 | 15.5 |
| ROCE | % | 12.7 | 13.2 | 12.6 |
| Gross Margin | % | 12.3 | 12.4 | 13.3 |
| EBITDA Margin | % | 3.59 | 3.81 | 4.16 |
| EBIT Margin | % | 1.82 | 2.00 | 2.36 |
| Net Margin | % | 1.29 | 1.52 | 1.60 |
| Net Debt/EBITDA | -0.227 | -0.315 | -0.395 | |
| Net Debt/Equity | % | -4.19 | -11.9 | -14.8 |
| Cost of Financing | % | 374 | 179 | 270 |
| Cash Flow | 2015 | 2016 | 2017 | |
| Total Cash From Operations | CZK mil | 503 | 1,717 | 1,869 |
| Total Cash From Investing | CZK mil | -514 | 1,896 | -1,693 |
| Total Cash From Financing | CZK mil | 1.82 | -3,499 | -2.07 |
| Net Change In Cash | CZK mil | -8.80 | 114 | 174 |
| Cash Conversion Cycle | days | 3.56 | 9.55 | 15.4 |
| Cash Earnings | CZK mil | 983 | 1,065 | 1,151 |
| Free Cash Flow | CZK mil | -10.6 | 3,613 | 176 |
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 | 2017 |
| income statement | |||||||||||||||||||
| Sales | CZK mil | ... | 28,118 | 29,861 | 30,407 | 31,312 | 32,135 | ||||||||||||
| Gross Profit | CZK mil | ... | 3,180 | 3,404 | 3,477 | 3,710 | 3,956 | ||||||||||||
| EBIT | CZK mil | ... | 517 | 456 | 439 | 704 | 586 | ||||||||||||
| Net Profit | CZK mil | ... | 318 | 327 | 294 | 523 | 415 | ||||||||||||
| ROE | % | ... | 7.12 | 6.77 | 5.70 | 9.40 | 6.89 | ||||||||||||
| EBIT Margin | % | ... | 1.84 | 1.53 | 1.44 | 2.25 | 1.82 | ||||||||||||
| Net Margin | % | ... | 1.13 | 1.09 | 0.966 | 1.67 | 1.29 | ||||||||||||
| Employees | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5,485 | 5,716 | 5,343 | |||
| balance sheet | |||||||||||||||||||
| Total Assets | CZK mil | 8,332 | 9,001 | 8,759 | 9,490 | 9,335 | |||||||||||||
| Non-Current Assets | CZK mil | 3,025 | 3,099 | 3,292 | 3,318 | 3,129 | |||||||||||||
| Current Assets | CZK mil | 5,269 | 5,860 | 5,432 | 6,128 | 6,156 | |||||||||||||
| Shareholders' Equity | CZK mil | 4,648 | 5,007 | 5,301 | 5,823 | 6,239 | |||||||||||||
| Liabilities | CZK mil | 3,684 | 3,994 | 3,459 | 3,667 | 3,097 | |||||||||||||
| Non-Current Liabilities | CZK mil | 332 | 271 | 242 | 202 | 156 | |||||||||||||
| Current Liabilities | CZK mil | 2,873 | 3,150 | 2,667 | 3,013 | 2,511 | |||||||||||||
| Net Debt/EBITDA | ... | -0.396 | -0.354 | -0.312 | -0.214 | -0.227 | |||||||||||||
| Net Debt/Equity | % | -8.19 | -6.67 | -5.63 | -4.67 | -4.19 | |||||||||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,599 | 509 | 374 | ||
| cash flow | |||||||||||||||||||
| Total Cash From Operations | CZK mil | ... | 1,074 | 1,019 | 401 | 1,376 | 503 | ||||||||||||
| Total Cash From Investing | CZK mil | ... | -944 | -1,065 | -443 | -1,380 | -514 | ||||||||||||
| Total Cash From Financing | CZK mil | ... | 0 | 0 | 14.7 | -12.2 | 1.82 | ||||||||||||
| Net Change In Cash | CZK mil | ... | 130 | -46.5 | -27.3 | -16.6 | -8.80 |
| income statement | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||||||
| Sales | CZK mil | ... | 28,118 | 29,861 | 30,407 | 31,312 | 32,135 | ||||||||||||
| Cost of Goods & Services | CZK mil | ... | 24,939 | 26,457 | 26,930 | 27,602 | 28,179 | ||||||||||||
| Gross Profit | CZK mil | ... | 3,180 | 3,404 | 3,477 | 3,710 | 3,956 | ||||||||||||
| Staff Cost | CZK mil | ... | 1,759 | 1,895 | 1,971 | 2,055 | 2,113 | ||||||||||||
| Other Cost | CZK mil | ... | 460 | 566 | 549 | 383 | 689 | ||||||||||||
| EBITDA | CZK mil | ... | 961 | 944 | 957 | 1,273 | 1,154 | ||||||||||||
| Depreciation | CZK mil | ... | 444 | 488 | 518 | 569 | 568 | ||||||||||||
| EBIT | CZK mil | ... | 517 | 456 | 439 | 704 | 586 | ||||||||||||
| Financing Cost | CZK mil | ... | 91.2 | 60.1 | 65.9 | 66.7 | 70.6 | ||||||||||||
| Extraordinary Cost | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | ||||||||||||
| Pre-Tax Profit | CZK mil | ... | 426 | 396 | 373 | 638 | 516 | ||||||||||||
| Tax | CZK mil | ... | 108 | 68.9 | 79.3 | 115 | 100 | ||||||||||||
| Minorities | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | ||||||||||||
| Net Profit | CZK mil | ... | 318 | 327 | 294 | 523 | 415 | ||||||||||||
| Dividends | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 3,500 | ... | ||
| growth rates | |||||||||||||||||||
| Total Revenue Growth | % | ... | ... | 4.72 | 6.20 | 1.83 | 2.98 | 2.63 | |||||||||||
| Operating Cost Growth | % | ... | ... | 2.29 | 10.9 | 2.42 | -3.29 | 15.0 | |||||||||||
| EBITDA Growth | % | ... | ... | 19.9 | -1.79 | 1.43 | 33.0 | -9.36 | |||||||||||
| EBIT Growth | % | ... | ... | 32.9 | -11.8 | -3.70 | 60.5 | -16.8 | |||||||||||
| Pre-Tax Profit Growth | % | ... | ... | 33.1 | -7.05 | -5.71 | 71.0 | -19.1 | |||||||||||
| Net Profit Growth | % | ... | ... | 20.9 | 2.83 | -10.1 | 78.0 | -20.5 | |||||||||||
| ratios | |||||||||||||||||||
| ROE | % | ... | 7.12 | 6.77 | 5.70 | 9.40 | 6.89 | ||||||||||||
| ROCE | % | ... | ... | 9.64 | 10.9 | 9.30 | 16.0 | 12.7 | |||||||||||
| Gross Margin | % | ... | 11.3 | 11.4 | 11.4 | 11.8 | 12.3 | ||||||||||||
| EBITDA Margin | % | ... | 3.42 | 3.16 | 3.15 | 4.07 | 3.59 | ||||||||||||
| EBIT Margin | % | ... | 1.84 | 1.53 | 1.44 | 2.25 | 1.82 | ||||||||||||
| Net Margin | % | ... | 1.13 | 1.09 | 0.966 | 1.67 | 1.29 | ||||||||||||
| Payout Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 842 | ... | ||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,599 | 509 | 374 | ||
| Net Debt/EBITDA | ... | -0.396 | -0.354 | -0.312 | -0.214 | -0.227 |
| balance sheet | Unit | 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 | 3,025 | 3,099 | 3,292 | 3,318 | 3,129 | |||||||||||||
| Property, Plant & Equipment | CZK mil | 2,959 | 3,002 | 3,207 | 3,211 | 3,094 | |||||||||||||
| Intangible Assets | CZK mil | 66.7 | 96.8 | 85.6 | 107 | 35.1 | |||||||||||||
| Current Assets | CZK mil | 5,269 | 5,860 | 5,432 | 6,128 | 6,156 | |||||||||||||
| Inventories | CZK mil | 1,932 | 1,773 | 2,055 | 1,986 | 1,940 | |||||||||||||
| Receivables | CZK mil | ... | 417 | 575 | 222 | 284 | 308 | ||||||||||||
| Cash & Cash Equivalents | CZK mil | 380 | 334 | 307 | 290 | 281 | |||||||||||||
| Total Assets | CZK mil | 8,332 | 9,001 | 8,759 | 9,490 | 9,335 | |||||||||||||
| Shareholders' Equity | CZK mil | 4,648 | 5,007 | 5,301 | 5,823 | 6,239 | |||||||||||||
| Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||
| Liabilities | CZK mil | 3,684 | 3,994 | 3,459 | 3,667 | 3,097 | |||||||||||||
| Non-Current Liabilities | CZK mil | 332 | 271 | 242 | 202 | 156 | |||||||||||||
| Long-Term Debt | CZK mil | 0 | 0 | 0 | 10.4 | 12.2 | |||||||||||||
| Deferred Tax Liabilities | CZK mil | 332 | 271 | 219 | 191 | 144 | |||||||||||||
| Current Liabilities | CZK mil | 2,873 | 3,150 | 2,667 | 3,013 | 2,511 | |||||||||||||
| Short-Term Debt | CZK mil | 0 | 0 | 8.24 | 7.60 | 7.66 | |||||||||||||
| Trade Payables | CZK mil | 2,291 | 2,547 | 2,156 | 2,474 | 1,936 | |||||||||||||
| Provisions | CZK mil | 439 | 537 | 518 | 422 | 404 | |||||||||||||
| Equity And Liabilities | CZK mil | 8,332 | 9,001 | 8,759 | 9,490 | 9,335 | |||||||||||||
| growth rates | |||||||||||||||||||
| Total Asset Growth | % | ... | 14.3 | 8.03 | -2.69 | 8.35 | -1.63 | ||||||||||||
| Shareholders' Equity Growth | % | ... | 8.73 | 7.73 | 5.86 | 9.86 | 7.13 | ||||||||||||
| Net Debt Growth | % | ... | 51.7 | -12.2 | -10.6 | -8.82 | -3.92 | ||||||||||||
| Total Debt Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 118 | 10.4 | ||
| ratios | |||||||||||||||||||
| Total Debt | CZK mil | 0 | 0 | 8.24 | 18.0 | 19.8 | |||||||||||||
| Net Debt | CZK mil | -380 | -334 | -298 | -272 | -261 | |||||||||||||
| Working Capital | CZK mil | ... | 58.4 | -199 | 121 | -204 | 313 | ||||||||||||
| Capital Employed | CZK mil | ... | 3,084 | 2,900 | 3,414 | 3,114 | 3,442 | ||||||||||||
| Net Debt/Equity | % | -8.19 | -6.67 | -5.63 | -4.67 | -4.19 | |||||||||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,599 | 509 | 374 |
| cash flow | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| cash flow | |||||||||||||||||||
| Net Profit | CZK mil | ... | 318 | 327 | 294 | 523 | 415 | ||||||||||||
| Depreciation | CZK mil | ... | 444 | 488 | 518 | 569 | 568 | ||||||||||||
| Non-Cash Items | CZK mil | ... | ... | 42.8 | -53.1 | -90.1 | -40.7 | 36.6 | |||||||||||
| Change in Working Capital | CZK mil | ... | ... | 269 | 257 | -320 | 325 | -516 | |||||||||||
| Total Cash From Operations | CZK mil | ... | 1,074 | 1,019 | 401 | 1,376 | 503 | ||||||||||||
| Capital Expenditures | CZK mil | ... | -251 | -571 | -747 | -625 | -473 | ||||||||||||
| Other Investments | CZK mil | ... | -693 | -495 | 304 | -755 | -40.7 | ||||||||||||
| Total Cash From Investing | CZK mil | ... | -944 | -1,065 | -443 | -1,380 | -514 | ||||||||||||
| Dividends Paid | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | |||
| Issuance Of Shares | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | ||
| Issuance Of Debt | CZK mil | ... | 0 | 0 | 8.24 | 9.71 | 1.88 | ||||||||||||
| Total Cash From Financing | CZK mil | ... | 0 | 0 | 14.7 | -12.2 | 1.82 | ||||||||||||
| Net Change In Cash | CZK mil | ... | 130 | -46.5 | -27.3 | -16.6 | -8.80 | ||||||||||||
| ratios | |||||||||||||||||||
| Days Sales Outstanding | days | ... | 5.42 | 7.03 | 2.66 | 3.31 | 3.50 | ||||||||||||
| Days Sales Of Inventory | days | ... | 28.3 | 24.5 | 27.9 | 26.3 | 25.1 | ||||||||||||
| Days Payable Outstanding | days | ... | 33.5 | 35.1 | 29.2 | 32.7 | 25.1 | ||||||||||||
| Cash Conversion Cycle | days | ... | 0.163 | -3.65 | 1.30 | -3.14 | 3.56 | ||||||||||||
| Cash Earnings | CZK mil | ... | 762 | 814 | 812 | 1,091 | 983 | ||||||||||||
| Free Cash Flow | CZK mil | ... | 130 | -46.5 | -42.1 | -4.36 | -10.6 |
| other data | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | |||||||||||||||||||
| ROA | % | ... | 4.07 | 3.77 | 3.31 | 5.73 | 4.41 | ||||||||||||
| Gross Margin | % | ... | 11.3 | 11.4 | 11.4 | 11.8 | 12.3 | ||||||||||||
| Employees | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5,485 | 5,716 | 5,343 | |||
| Cost Per Employee | USD per month | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,530 | 1,402 | 1,381 | ||
| Cost Per Employee (Local Currency) | CZK per month | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 29,940 | 29,953 | 32,951 | ||
| Staff Cost (As % Of Total Cost) | % | ... | 6.37 | 6.44 | 6.58 | 6.71 | 6.70 | ||||||||||||
| Effective Tax Rate | % | ... | 25.4 | 17.4 | 21.3 | 18.0 | 19.4 | ||||||||||||
| Capital Expenditures (As % of Sales) | % | ... | 0.894 | 1.91 | 2.46 | 2.00 | 1.47 |
Get all company financials in excel:
Penny Market is a Czech Republic-based subsidiary of German foodstuff chain REWE Group. Similar to other countries REWE is present at, Penny Market Czech Republic offers the traditional product ranges of the foodstuffs trade at particularly good-value prices. The Company entered the Czech market in 1997 and has grown into one of the largest discount supermarket chains in the country. Following a takeover of 146 supermarkets of Plus chain in 2008, Penny Market now operates more than 340 supermarkets and employes more than 6,000 people in the Czech Republic only. REWE Group is a German diversified retail and tourism group. In 2012, the Company operated in 14 European countries, achieved a turnover of nearly EUR 50 bil and employed about 327,600 employees
Penny Market Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 8.34% a year during that time to total of CZK 1,408 mil in 2017, or 4.16% of sales. That’s compared to 3.75% average margin seen in last five years.
The company netted CZK 542 mil in 2017 implying ROE of 15.5% and ROCE of 12.6%. Again, the average figures were 9.55% and 12.8%, respectively when looking at the previous 5 years.
Penny Market Czech Republic’s net debt amounted to CZK -556 mil at the end of 2017, or -14.8% of equity. When compared to EBITDA, net debt was -0.395x, down when compared to average of -0.293x seen in the last 5 years.
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