By Helgi Library - April 2, 2020
Polytec Holding's total assets reached EUR 485 mil at the end of 2015, up 72.4% compared to the previous year. Cur...
By Helgi Library - April 2, 2020
Polytec Holding's total assets reached EUR 485 mil at the end of 2015, up 72.4% compared to the previous year. Cur...
Profit Statement | 2013 | 2014 | 2015 | |
Sales | EUR mil | 477 | 491 | 626 |
Gross Profit | EUR mil | 238 | 243 | 319 |
EBITDA | EUR mil | 36.4 | 36.5 | 59.7 |
EBIT | EUR mil | 21.4 | 20.6 | 36.6 |
Financing Cost | EUR mil | 1.11 | 1.79 | 4.28 |
Pre-Tax Profit | EUR mil | 19.1 | 18.9 | 32.3 |
Net Profit | EUR mil | 14.3 | 13.6 | 23.7 |
Dividends | EUR mil | 6.11 | 5.50 | ... |
Balance Sheet | 2013 | 2014 | 2015 | |
Total Assets | EUR mil | 175 | 281 | 485 |
Non-Current Assets | EUR mil | 98.2 | 143 | 255 |
Current Assets | EUR mil | 175 | 281 | 230 |
Working Capital | EUR mil | 53.7 | 74.1 | 74.7 |
Shareholders' Equity | EUR mil | 137 | 144 | 163 |
Liabilities | EUR mil | 37.8 | 137 | 322 |
Total Debt | EUR mil | 27.0 | 137 | 170 |
Net Debt | EUR mil | -7.17 | 25.1 | 112 |
Ratios | 2013 | 2014 | 2015 | |
ROE | % | 10.6 | 9.64 | 15.4 |
ROCE | % | 9.15 | 7.36 | 8.69 |
Gross Margin | % | 49.9 | 49.5 | 50.9 |
EBITDA Margin | % | 7.64 | 7.44 | 9.54 |
EBIT Margin | % | 4.49 | 4.20 | 5.84 |
Net Margin | % | 3.00 | 2.76 | 3.79 |
Net Debt/EBITDA | -0.197 | 0.688 | 1.88 | |
Net Debt/Equity | -0.052 | 0.174 | 0.690 | |
Cost of Financing | % | 3.59 | 2.18 | 2.79 |
Valuation | 2013 | 2014 | 2015 | |
Market Capitalisation | USD mil | 209 | 169 | 207 |
Enterprise Value (EV) | USD mil | 199 | 199 | 343 |
Number Of Shares | mil | 22.3 | 22.3 | 22.3 |
Share Price | EUR | 6.79 | 6.25 | 7.66 |
EV/EBITDA | 4.12 | 4.23 | 4.45 | |
EV/Sales | 0.315 | 0.315 | 0.425 | |
Price/Earnings (P/E) | 10.6 | 10.3 | 7.21 | |
Price/Book Value (P/BV) | 1.11 | 0.954 | 1.03 | |
Dividend Yield | % | 4.03 | 3.94 | ... |
Get all company financials in excel:
summary | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
income statement | ||||||||||||||
Sales | EUR mil | 770 | 657 | 482 | 477 | 491 | ... | |||||||
Gross Profit | EUR mil | ... | 361 | 311 | 239 | 238 | 243 | ... | ||||||
EBIT | EUR mil | 26.2 | 43.4 | 27.8 | 21.4 | 20.6 | ... | |||||||
Net Profit | EUR mil | 25.0 | 34.5 | 21.7 | 14.3 | 13.6 | ... | |||||||
ROE | % | 33.6 | 33.2 | 17.1 | 10.6 | 9.64 | ... | |||||||
EBIT Margin | % | 3.40 | 6.61 | 5.78 | 4.49 | 4.20 | ... | |||||||
Net Margin | % | 3.25 | 5.25 | 4.50 | 3.00 | 2.76 | ... | |||||||
Employees | ... | ... | ... | ... | 5,881 | 4,663 | 3,563 | 3,516 | 3,581 | ... | ||||
balance sheet | ||||||||||||||
Total Assets | EUR mil | 309 | 268 | 260 | 175 | 281 | ... | |||||||
Non-Current Assets | EUR mil | 133 | 106 | 102 | 98.2 | 143 | ... | |||||||
Current Assets | EUR mil | 176 | 163 | 158 | 175 | 281 | ... | |||||||
Shareholders' Equity | EUR mil | 87.3 | 120 | 134 | 137 | 144 | ... | |||||||
Liabilities | EUR mil | 221 | 148 | 126 | 37.8 | 137 | ... | |||||||
Non-Current Liabilities | EUR mil | 55.9 | 38.5 | 31.5 | 35.3 | 164 | ... | |||||||
Current Liabilities | EUR mil | 165 | 109 | 94.6 | 101 | 116 | ... | |||||||
Net Debt/EBITDA | 0.531 | -0.068 | -0.071 | -0.197 | 0.688 | ... | ||||||||
Net Debt/Equity | 0.324 | -0.035 | -0.022 | -0.052 | 0.174 | ... | ||||||||
Cost of Financing | % | ... | 7.56 | 7.62 | 3.66 | 3.59 | 2.18 | ... | ||||||
cash flow | ||||||||||||||
Total Cash From Operations | EUR mil | ... | 46.0 | 29.2 | 15.7 | 27.2 | 20.8 | ... | ||||||
Total Cash From Investing | EUR mil | ... | -1.82 | 8.61 | -8.00 | -16.3 | -37.7 | ... | ||||||
Total Cash From Financing | EUR mil | ... | -47.1 | -23.6 | -13.0 | -14.5 | 94.5 | ... | ||||||
Net Change In Cash | EUR mil | ... | -2.84 | 14.2 | -5.28 | -3.61 | 77.6 | ... | ||||||
valuation | ||||||||||||||
Market Capitalisation | USD mil | ... | ... | 136 | 157 | 173 | 209 | 169 | ... | |||||
Number Of Shares | mil | 22.3 | 22.3 | 22.3 | 22.3 | 22.3 | ... | |||||||
Share Price | EUR | ... | ... | 4.58 | 5.42 | 5.87 | 6.79 | 6.25 | ... | |||||
Earnings Per Share (EPS) | EUR | 1.12 | 1.54 | 0.971 | 0.641 | 0.607 | ... | |||||||
Book Value Per Share | EUR | 3.91 | 5.39 | 5.98 | 6.14 | 6.55 | ... | |||||||
Dividend Per Share | EUR | 0 | 0.350 | 0.324 | 0.273 | 0.246 | ... | ... | ||||||
Price/Earnings (P/E) | ... | ... | 4.09 | 3.51 | 6.04 | 10.6 | 10.3 | ... | ||||||
Price/Book Value (P/BV) | ... | ... | 1.17 | 1.00 | 0.981 | 1.11 | 0.954 | ... | ||||||
Dividend Yield | % | ... | ... | 0 | 6.46 | 5.51 | 4.03 | 3.94 | ... | ... | ||||
Earnings Per Share Growth | % | ... | -128 | 37.9 | -37.1 | -34.0 | -5.31 | ... | ||||||
Book Value Per Share Growth | % | ... | 41.9 | 37.8 | 11.0 | 2.64 | 6.72 | ... |
income statement | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
income statement | ||||||||||||||
Sales | EUR mil | 770 | 657 | 482 | 477 | 491 | ... | |||||||
Cost of Goods & Services | EUR mil | ... | 409 | 346 | 243 | 239 | 248 | ... | ||||||
Gross Profit | EUR mil | ... | 361 | 311 | 239 | 238 | 243 | ... | ||||||
Staff Cost | EUR mil | ... | 206 | 178 | 145 | 149 | 154 | ... | ||||||
Other Cost | EUR mil | ... | 102 | 71.4 | 51.8 | 52.6 | 52.3 | ... | ||||||
EBITDA | EUR mil | 53.2 | 62.1 | 41.8 | 36.4 | 36.5 | ... | |||||||
Depreciation | EUR mil | 27.1 | 18.7 | 13.9 | 15.0 | 15.9 | ... | |||||||
EBIT | EUR mil | 26.2 | 43.4 | 27.8 | 21.4 | 20.6 | ... | |||||||
Financing Cost | EUR mil | 6.31 | 3.67 | 1.35 | 1.11 | 1.79 | ... | |||||||
Extraordinary Cost | EUR mil | -5.88 | 0.213 | -0.293 | 1.16 | 0 | ... | |||||||
Pre-Tax Profit | EUR mil | 25.7 | 39.5 | 26.8 | 19.1 | 18.9 | ... | |||||||
Tax | EUR mil | 0.140 | 4.29 | 4.49 | 4.10 | 4.71 | ... | |||||||
Minorities | EUR mil | 0.576 | 0.759 | 0.588 | 0.691 | 0.592 | ... | |||||||
Net Profit | EUR mil | 25.0 | 34.5 | 21.7 | 14.3 | 13.6 | ... | |||||||
Dividends | EUR mil | 0 | 7.82 | 7.23 | 6.11 | 5.50 | ... | ... | ||||||
growth rates | ||||||||||||||
Total Revenue Growth | % | ... | 26.9 | -14.6 | -26.7 | -1.03 | 3.07 | ... | ||||||
Operating Cost Growth | % | ... | ... | 16.3 | -19.2 | -21.0 | 2.35 | 2.57 | ||||||
EBITDA Growth | % | ... | 347 | 16.8 | -32.8 | -12.8 | 0.338 | ... | ||||||
EBIT Growth | % | ... | -226 | 66.0 | -35.9 | -23.2 | -3.44 | ... | ||||||
Pre-Tax Profit Growth | % | ... | -154 | 53.7 | -32.3 | -28.6 | -1.34 | ... | ||||||
Net Profit Growth | % | ... | -128 | 37.9 | -37.1 | -34.0 | -5.31 | ... | ||||||
ratios | ||||||||||||||
ROE | % | 33.6 | 33.2 | 17.1 | 10.6 | 9.64 | ... | |||||||
ROCE | % | ... | 12.2 | 19.2 | 13.3 | 9.15 | 7.36 | ... | ||||||
Gross Margin | % | ... | 46.9 | 47.3 | 49.5 | 49.9 | 49.5 | ... | ||||||
EBITDA Margin | % | 6.91 | 9.45 | 8.67 | 7.64 | 7.44 | ... | |||||||
EBIT Margin | % | 3.40 | 6.61 | 5.78 | 4.49 | 4.20 | ... | |||||||
Net Margin | % | 3.25 | 5.25 | 4.50 | 3.00 | 2.76 | ... | |||||||
Payout Ratio | % | 0 | 22.7 | 33.3 | 42.6 | 40.6 | ... | ... | ||||||
Cost of Financing | % | ... | 7.56 | 7.62 | 3.66 | 3.59 | 2.18 | ... | ||||||
Net Debt/EBITDA | 0.531 | -0.068 | -0.071 | -0.197 | 0.688 | ... |
balance sheet | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
balance sheet | ||||||||||||||
Non-Current Assets | EUR mil | 133 | 106 | 102 | 98.2 | 143 | ... | |||||||
Property, Plant & Equipment | EUR mil | 92.1 | 61.7 | 60.1 | 66.1 | 101 | ... | |||||||
Intangible Assets | EUR mil | 22.4 | 19.8 | 19.8 | 19.9 | 20.6 | ... | |||||||
Goodwill | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 19.2 | ... | |
Current Assets | EUR mil | 176 | 163 | 158 | 175 | 281 | ... | |||||||
Inventories | EUR mil | 67.1 | 41.3 | 39.5 | 40.0 | 52.7 | ... | |||||||
Receivables | EUR mil | 61.0 | 53.3 | 54.3 | 53.5 | 69.2 | ... | |||||||
Cash & Cash Equivalents | EUR mil | 29.0 | 43.2 | 37.9 | 34.2 | 112 | ... | |||||||
Total Assets | EUR mil | 309 | 268 | 260 | 175 | 281 | ... | |||||||
Shareholders' Equity | EUR mil | 87.3 | 120 | 134 | 137 | 144 | ... | |||||||
Of Which Minority Interest | EUR mil | 3.99 | 4.78 | 5.25 | 5.53 | 5.52 | ... | |||||||
Liabilities | EUR mil | 221 | 148 | 126 | 37.8 | 137 | ... | |||||||
Non-Current Liabilities | EUR mil | 55.9 | 38.5 | 31.5 | 35.3 | 164 | ... | |||||||
Long-Term Debt | EUR mil | 22.2 | 18.3 | 12.5 | 13.3 | 122 | ... | |||||||
Deferred Tax Liabilities | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.417 | ... | |
Current Liabilities | EUR mil | 165 | 109 | 94.6 | 101 | 116 | ... | |||||||
Short-Term Debt | EUR mil | 35.1 | 20.7 | 22.5 | 13.7 | 15.3 | ... | |||||||
Trade Payables | EUR mil | 65.6 | 35.5 | 34.7 | 39.8 | 47.7 | ... | |||||||
Provisions | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 26.3 | ... | |
Equity And Liabilities | EUR mil | 309 | 268 | 260 | 175 | 281 | ... | |||||||
growth rates | ||||||||||||||
Total Asset Growth | % | ... | -7.10 | -13.0 | -3.19 | -32.7 | 60.9 | ... | ||||||
Shareholders' Equity Growth | % | ... | 42.1 | 37.8 | 11.0 | 2.64 | 5.21 | ... | ||||||
Net Debt Growth | % | ... | -63.7 | -115 | -29.9 | 141 | -451 | ... | ||||||
Total Debt Growth | % | ... | -47.8 | -32.0 | -10.3 | -22.8 | 408 | ... | ||||||
ratios | ||||||||||||||
Total Debt | EUR mil | 57.3 | 39.0 | 35.0 | 27.0 | 137 | ... | |||||||
Net Debt | EUR mil | 28.3 | -4.24 | -2.97 | -7.17 | 25.1 | ... | |||||||
Working Capital | EUR mil | 62.6 | 59.1 | 59.1 | 53.7 | 74.1 | ... | |||||||
Capital Employed | EUR mil | 195 | 165 | 161 | 152 | 217 | ... | |||||||
Net Debt/Equity | 0.324 | -0.035 | -0.022 | -0.052 | 0.174 | ... | ||||||||
Cost of Financing | % | ... | 7.56 | 7.62 | 3.66 | 3.59 | 2.18 | ... |
cash flow | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
cash flow | ||||||||||||||
Net Profit | EUR mil | 25.0 | 34.5 | 21.7 | 14.3 | 13.6 | ... | |||||||
Depreciation | EUR mil | 27.1 | 18.7 | 13.9 | 15.0 | 15.9 | ... | |||||||
Non-Cash Items | EUR mil | ... | -11.7 | -27.5 | -20.0 | -7.49 | 11.8 | ... | ||||||
Change in Working Capital | EUR mil | ... | 5.68 | 3.50 | 0.043 | 5.35 | -20.4 | ... | ||||||
Total Cash From Operations | EUR mil | ... | 46.0 | 29.2 | 15.7 | 27.2 | 20.8 | ... | ||||||
Capital Expenditures | EUR mil | ... | -16.7 | -17.5 | -16.0 | -17.0 | -30.2 | ... | ||||||
Other Investments | EUR mil | ... | 14.9 | 26.1 | 8.05 | 0.702 | -7.48 | ... | ||||||
Total Cash From Investing | EUR mil | ... | -1.82 | 8.61 | -8.00 | -16.3 | -37.7 | ... | ||||||
Dividends Paid | EUR mil | 0 | -7.82 | -7.23 | -6.11 | -5.50 | ... | ... | ||||||
Issuance Of Debt | EUR mil | ... | -52.4 | -18.3 | -4.01 | -7.97 | 110 | ... | ||||||
Total Cash From Financing | EUR mil | ... | -47.1 | -23.6 | -13.0 | -14.5 | 94.5 | ... | ||||||
Net Change In Cash | EUR mil | ... | -2.84 | 14.2 | -5.28 | -3.61 | 77.6 | ... | ||||||
ratios | ||||||||||||||
Days Sales Outstanding | days | 28.9 | 29.6 | 41.1 | 41.0 | 51.4 | ... | |||||||
Days Sales Of Inventory | days | ... | 60.0 | 43.5 | 59.3 | 61.1 | 77.5 | ... | ||||||
Days Payable Outstanding | days | ... | 58.6 | 37.4 | 52.1 | 60.8 | 70.2 | ... | ||||||
Cash Conversion Cycle | days | ... | 30.3 | 35.7 | 48.3 | 41.3 | 58.7 | ... | ||||||
Cash Earnings | EUR mil | 52.1 | 53.2 | 35.6 | 29.3 | 29.4 | ... | |||||||
Cash Earnings Per Share | EUR | 2.33 | 2.38 | 1.60 | 1.31 | 1.32 | ... | |||||||
Price/Cash Earnings (P/CE) | ... | ... | 1.96 | 2.27 | 3.68 | 5.17 | 4.74 | ... | ||||||
Free Cash Flow | EUR mil | ... | 44.2 | 37.8 | 7.72 | 10.9 | -16.8 | ... | ||||||
Free Cash Flow Yield | % | ... | ... | 43.1 | 33.6 | 5.73 | 6.91 | -12.9 | ... |
other data | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
other data | ||||||||||||||
ROA | % | 7.81 | 12.0 | 8.21 | 6.59 | 5.94 | ... | |||||||
Gross Margin | % | ... | 46.9 | 47.3 | 49.5 | 49.9 | 49.5 | ... | ||||||
Employees | ... | ... | ... | ... | 5,881 | 4,663 | 3,563 | 3,516 | 3,581 | ... | ||||
Cost Per Employee | USD per month | ... | ... | ... | ... | 3,866 | 4,414 | 4,353 | 4,681 | 4,628 | ... | |||
Cost Per Employee (Local Currency) | EUR per month | ... | ... | ... | ... | 2,922 | 3,174 | 3,390 | 3,526 | 3,590 | ... | |||
Staff Cost (As % Of Total Cost) | % | ... | 27.7 | 28.9 | 31.9 | 32.7 | 32.8 | ... | ||||||
Effective Tax Rate | % | 0.544 | 10.9 | 16.8 | 21.5 | 25.0 | ... | |||||||
Enterprise Value (EV) | USD mil | ... | ... | 173 | 151 | 169 | 199 | 199 | ... | |||||
EV/EBITDA | ... | ... | 2.46 | 1.75 | 3.15 | 4.12 | 4.23 | ... | ||||||
EV/Capital Employed | ... | ... | 0.668 | 0.709 | 0.796 | 0.951 | 0.760 | ... | ||||||
EV/Sales | ... | ... | 0.170 | 0.165 | 0.273 | 0.315 | 0.315 | ... | ||||||
EV/EBIT | ... | ... | 5.01 | 2.50 | 4.73 | 7.01 | 7.49 | ... | ||||||
Capital Expenditures (As % of Sales) | % | ... | 2.17 | 2.66 | 3.33 | 3.57 | 6.14 | ... | ||||||
Employees in Automotive/Systems Division | ... | ... | ... | ... | 5,066 | 3,836 | ... | ... | ... | ... | ... | |||
Employees in Car Styling Division | ... | ... | ... | ... | 662 | 660 | ... | ... | ... | ... | ... | |||
Employees in Other Division | ... | ... | ... | ... | 153 | 167 | ... | ... | ... | ... | ... | |||
Sales of Passenger Car Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | 452 | 291 | 292 | 316 | ... | |
Sales of Commercial Vehicle Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | 170 | 138 | 138 | 123 | ... | |
Sales of Non-Automotive Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | 35.7 | 52.4 | 46.7 | 52.5 | ... | |
Sales in Austria | EUR mil | ... | ... | ... | 29.5 | 21.8 | 13.4 | 16.5 | 18.0 | ... | ||||
Sales in Germany | EUR mil | ... | ... | ... | 513 | 419 | 306 | 288 | 301 | ... | ||||
Sales in the Other EU Countries | EUR mil | ... | ... | ... | 181 | 187 | 131 | 138 | 142 | ... | ||||
Sales in the Rest Of The World | EUR mil | ... | ... | ... | 45.9 | 29.8 | 32.0 | 34.0 | 30.8 | ... | ||||
Sales to VW Cars (As % Of Total) | % | ... | ... | ... | ... | ... | ... | ... | 26.7 | 27.5 | ... | 31.5 | ... | |
Sales to Other Car Producers (As % Of Total) | % | ... | ... | ... | ... | ... | ... | ... | 9.70 | 16.1 | ... | ... | ... | |
Sales to Non-Automotive Clients (As % Of Total) | % | ... | ... | ... | ... | ... | ... | ... | 5.40 | 10.9 | 9.80 | 10.7 | ... | |
Sales to VW Trucks (As % Of Total) | % | ... | ... | ... | ... | ... | ... | ... | ... | 9.50 | ... | 8.70 | ... | |
Sales to Daimler Truck (As % Of Total) | % | ... | ... | ... | ... | ... | ... | ... | 19.0 | 9.30 | ... | 5.00 | ... | |
Sales to BMW Group (As % Of Total) | % | ... | ... | ... | ... | ... | ... | ... | 16.3 | 7.50 | ... | 7.80 | ... | |
Sales of Automotive/Systems | EUR mil | ... | 676 | 559 | ... | ... | ... | ... | ... | |||||
Sales of Car Styling | EUR mil | ... | 75.8 | 78.2 | ... | ... | ... | ... | ... | |||||
Sales of Automotive Composites | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||||
Sales of Industrial Division | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Get all company financials in excel:
Polytec Holding AG is an Austria-based developer and manufacturer of high-quality plastic parts for the automobile and industrial sectors. The Company offers design, development, prototyping and production services in the field of injection moulding, as a specialist in fibre-reinforced plastics, as a manufacturer of original accessory parts made of plastic and stainless steel, and as a developer of customised industrial solutions using polyurethane, along with the machinery and plant required for this purpose. Based in Hörsching, Austria, the Company employes approximately 3,500 staff in 21 production and development sites in Austria, Germany, Hungary, Belgium, UK, Czech Republic, Slovakia, Turkey, Canada, and USA. Since 2006, it has been listed on the Vienna Stock Exchange.
Polytec Holding has been growing its sales by a year on average in the last 5 years. EBITDA has grown by 0% during that time to total of in 2016, or of sales. That’s compared to 8.32% average margin seen in last five years.
The company netted in 2016 implying ROE of and ROCE of . Again, the average figures were 13.2% and 9.63%, respectively when looking at the previous 5 years.
Polytec Holding’s net debt amounted to at the end of 2016, or of equity. When compared to EBITDA, net debt was x, down when compared to average of 0.575x seen in the last 5 years.
Polytec Holding stock traded at per share at the end of 2016 resulting in a market capitalization of . Over the previous five years, stock price grew by 0% or % a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of x and price to earnings (PE) of x as of 2016.