By Helgi Library - April 2, 2020
Student Agency's total assets reached CZK 1,589 mil at the end of 2015, up 4.76% compared to the previous year. Cu...
By Helgi Library - April 2, 2020
Student Agency's total assets reached CZK 1,589 mil at the end of 2015, up 4.76% compared to the previous year. Cu...
Profit Statement | 2013 | 2014 | 2015 | |
Sales | CZK mil | 1,872 | 2,211 | 2,733 |
Gross Profit | CZK mil | 513 | 633 | 687 |
EBITDA | CZK mil | 174 | 275 | 324 |
EBIT | CZK mil | 160 | 258 | 295 |
Financing Cost | CZK mil | 8.98 | 16.9 | 73.8 |
Pre-Tax Profit | CZK mil | 151 | 241 | 221 |
Net Profit | CZK mil | 129 | 240 | 220 |
Dividends | CZK mil | 0 | 0 | ... |
Balance Sheet | 2013 | 2014 | 2015 | |
Total Assets | CZK mil | 1,327 | 1,517 | 1,589 |
Non-Current Assets | CZK mil | 494 | 859 | 859 |
Current Assets | CZK mil | 829 | 653 | 727 |
Working Capital | CZK mil | -182 | -326 | -332 |
Shareholders' Equity | CZK mil | 458 | 462 | 464 |
Liabilities | CZK mil | 869 | 1,055 | 1,125 |
Total Debt | CZK mil | 349 | 241 | 253 |
Net Debt | CZK mil | 21.2 | 205 | 184 |
Ratios | 2013 | 2014 | 2015 | |
ROE | % | 31.3 | 52.1 | 47.5 |
ROCE | % | 88.5 | 56.8 | 41.5 |
Gross Margin | % | 27.4 | 28.6 | 25.1 |
EBITDA Margin | % | 9.29 | 12.4 | 11.9 |
EBIT Margin | % | 8.56 | 11.6 | 10.8 |
Net Margin | % | 6.90 | 10.8 | 8.04 |
Net Debt/EBITDA | 0.122 | 0.744 | 0.566 | |
Net Debt/Equity | 0.046 | 0.443 | 0.396 | |
Cost of Financing | % | 4.33 | 5.75 | 29.9 |
Cash Flow | 2013 | 2014 | 2015 | |
Total Cash From Operations | CZK mil | ... | ... | ... |
Total Cash From Investing | CZK mil | ... | ... | ... |
Total Cash From Financing | CZK mil | ... | ... | ... |
Net Change In Cash | CZK mil | ... | ... | ... |
Cash Conversion Cycle | days | -61.7 | -85.1 | -65.1 |
Cash Earnings | CZK mil | 143 | 257 | 249 |
Free Cash Flow | CZK mil | ... | ... | ... |
Get all company financials in excel:
summary | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
income statement | |||||||||||||||||
Sales | CZK mil | ... | 2,915 | 1,182 | 1,286 | 1,634 | 1,872 | ||||||||||
Gross Profit | CZK mil | ... | 382 | 389 | 407 | 474 | 513 | ||||||||||
EBIT | CZK mil | ... | 112 | 104 | 107 | 157 | 160 | ||||||||||
Net Profit | CZK mil | ... | 75.9 | 75.6 | 114 | 115 | 129 | ||||||||||
ROE | % | ... | 117 | 55.7 | 53.2 | 36.8 | 31.3 | ||||||||||
EBIT Margin | % | ... | 3.83 | 8.75 | 8.34 | 9.59 | 8.56 | ||||||||||
Net Margin | % | ... | 2.60 | 6.39 | 8.86 | 7.01 | 6.90 | ||||||||||
Employees | 816 | 859 | 812 | 808 | 1,121 | ||||||||||||
balance sheet | |||||||||||||||||
Total Assets | CZK mil | ... | 403 | 520 | 746 | 903 | 1,327 | ||||||||||
Non-Current Assets | CZK mil | ... | 74.9 | 228 | 239 | 228 | 494 | ||||||||||
Current Assets | CZK mil | ... | 308 | 282 | 500 | 671 | 829 | ||||||||||
Shareholders' Equity | CZK mil | ... | 100 | 171 | 257 | 366 | 458 | ||||||||||
Liabilities | CZK mil | ... | 303 | 349 | 489 | 537 | 869 | ||||||||||
Non-Current Liabilities | CZK mil | ... | 6.26 | 2.61 | 5.29 | 3.93 | 301 | ||||||||||
Current Liabilities | CZK mil | ... | 196 | 230 | 362 | 453 | 519 | ||||||||||
Net Debt/EBITDA | ... | 0.648 | 0.366 | 0.487 | 0.130 | 0.122 | |||||||||||
Net Debt/Equity | ... | 0.802 | 0.250 | 0.230 | 0.060 | 0.046 | |||||||||||
Cost of Financing | % | ... | ... | ... | 20.7 | 8.63 | -8.24 | 15.4 | 4.33 | ||||||||
cash flow | |||||||||||||||||
Total Cash From Operations | CZK mil | ... | -79.3 | 171 | 25.7 | 25.9 | ... | ... | ... | ||||||||
Total Cash From Investing | CZK mil | ... | -1.06 | -145 | -15.3 | 11.2 | ... | ... | ... | ||||||||
Total Cash From Financing | CZK mil | ... | -74.3 | -14.8 | -2.59 | -26.4 | ... | ... | ... | ||||||||
Net Change In Cash | CZK mil | ... | -155 | 11.1 | 7.85 | 10.7 | ... | ... | ... |
income statement | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
income statement | |||||||||||||||||
Sales | CZK mil | ... | 2,915 | 1,182 | 1,286 | 1,634 | 1,872 | ||||||||||
Cost of Goods & Services | CZK mil | ... | 2,534 | 793 | 879 | 1,160 | 1,358 | ||||||||||
Gross Profit | CZK mil | ... | 382 | 389 | 407 | 474 | 513 | ||||||||||
Staff Cost | CZK mil | ... | 262 | 275 | 279 | 318 | 348 | ||||||||||
Other Cost | CZK mil | ... | -4.13 | -2.23 | 6.69 | -15.3 | -8.69 | ||||||||||
EBITDA | CZK mil | ... | 124 | 117 | 122 | 171 | 174 | ||||||||||
Depreciation | CZK mil | ... | 12.4 | 13.7 | 14.3 | 14.3 | 13.6 | ||||||||||
EBIT | CZK mil | ... | 112 | 104 | 107 | 157 | 160 | ||||||||||
Financing Cost | CZK mil | ... | 12.1 | 7.03 | -6.62 | 12.2 | 8.98 | ||||||||||
Extraordinary Cost | CZK mil | ... | 0 | 0.547 | 28.2 | 29.8 | -0.010 | ||||||||||
Pre-Tax Profit | CZK mil | ... | 99.5 | 95.9 | 85.7 | 115 | 151 | ||||||||||
Tax | CZK mil | ... | 23.5 | 20.4 | 28.2 | 35.0 | 22.1 | ||||||||||
Minorities | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | ||||||||||
Net Profit | CZK mil | ... | 75.9 | 75.6 | 114 | 115 | 129 | ||||||||||
Dividends | CZK mil | 0 | 0 | 0 | 0 | 0 | ... | ||||||||||
growth rates | |||||||||||||||||
Total Revenue Growth | % | ... | ... | -17.3 | -59.4 | 8.75 | 27.0 | 14.6 | |||||||||
Operating Cost Growth | % | ... | ... | -5.13 | 5.71 | 4.83 | 6.17 | 12.1 | |||||||||
EBITDA Growth | % | ... | ... | 300 | -5.47 | 3.79 | 40.5 | 1.74 | |||||||||
EBIT Growth | % | ... | ... | 442 | -7.19 | 3.66 | 46.0 | 2.32 | |||||||||
Pre-Tax Profit Growth | % | ... | ... | 588 | -3.54 | -10.7 | 33.8 | 32.0 | |||||||||
Net Profit Growth | % | ... | ... | 469 | -0.473 | 50.7 | 0.619 | 12.7 | |||||||||
ratios | |||||||||||||||||
ROE | % | ... | 117 | 55.7 | 53.2 | 36.8 | 31.3 | ||||||||||
ROCE | % | ... | ... | -213 | 101 | 103 | 271 | 88.5 | |||||||||
Gross Margin | % | ... | 13.1 | 32.9 | 31.7 | 29.0 | 27.4 | ||||||||||
EBITDA Margin | % | ... | 4.25 | 9.91 | 9.46 | 10.5 | 9.29 | ||||||||||
EBIT Margin | % | ... | 3.83 | 8.75 | 8.34 | 9.59 | 8.56 | ||||||||||
Net Margin | % | ... | 2.60 | 6.39 | 8.86 | 7.01 | 6.90 | ||||||||||
Payout Ratio | % | ... | 0 | 0 | 0 | 0 | 0 | ... | |||||||||
Cost of Financing | % | ... | ... | ... | 20.7 | 8.63 | -8.24 | 15.4 | 4.33 | ||||||||
Net Debt/EBITDA | ... | 0.648 | 0.366 | 0.487 | 0.130 | 0.122 |
balance sheet | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
balance sheet | |||||||||||||||||
Non-Current Assets | CZK mil | ... | 74.9 | 228 | 239 | 228 | 494 | ||||||||||
Property, Plant & Equipment | CZK mil | ... | 50.4 | 197 | 30.1 | 24.6 | 27.6 | ||||||||||
Intangible Assets | CZK mil | ... | 22.4 | 27.6 | 20.9 | 14.6 | 8.13 | ||||||||||
Current Assets | CZK mil | ... | 308 | 282 | 500 | 671 | 829 | ||||||||||
Inventories | CZK mil | ... | 11.3 | 13.4 | 13.5 | 14.1 | 17.1 | ||||||||||
Receivables | CZK mil | ... | 81.9 | 39.5 | 118 | 111 | 171 | ||||||||||
Cash & Cash Equivalents | CZK mil | ... | 14.3 | 25.4 | 33.2 | 43.9 | 327 | ||||||||||
Total Assets | CZK mil | ... | 403 | 520 | 746 | 903 | 1,327 | ||||||||||
Shareholders' Equity | CZK mil | ... | 100 | 171 | 257 | 366 | 458 | ||||||||||
Of Which Minority Interest | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | ||||||||||
Liabilities | CZK mil | ... | 303 | 349 | 489 | 537 | 869 | ||||||||||
Non-Current Liabilities | CZK mil | ... | 6.26 | 2.61 | 5.29 | 3.93 | 301 | ||||||||||
Long-Term Debt | CZK mil | ... | 10.6 | 10.6 | 5.29 | 3.93 | 301 | ||||||||||
Deferred Tax Liabilities | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | ||||||||||
Current Liabilities | CZK mil | ... | 196 | 230 | 362 | 453 | 519 | ||||||||||
Short-Term Debt | CZK mil | ... | 84.0 | 57.6 | 87.1 | 62.1 | 47.2 | ||||||||||
Trade Payables | CZK mil | ... | 135 | 164 | 266 | 373 | 371 | ||||||||||
Provisions | CZK mil | ... | 21.6 | 20.8 | 28.2 | 11.2 | 0 | ||||||||||
Equity And Liabilities | CZK mil | ... | 403 | 520 | 746 | 903 | 1,327 | ||||||||||
growth rates | |||||||||||||||||
Total Asset Growth | % | ... | ... | 6.19 | 29.1 | 43.5 | 21.1 | 46.9 | |||||||||
Shareholders' Equity Growth | % | ... | ... | 242 | 70.9 | 50.1 | 42.7 | 24.9 | |||||||||
Net Debt Growth | % | ... | ... | 4,760 | -46.7 | 38.2 | -62.6 | -4.17 | |||||||||
Total Debt Growth | % | ... | ... | ... | ... | 330 | -27.9 | 35.5 | -28.6 | 428 | |||||||
ratios | |||||||||||||||||
Total Debt | CZK mil | ... | 94.6 | 68.2 | 92.4 | 66.0 | 349 | ||||||||||
Net Debt | CZK mil | ... | 80.3 | 42.8 | 59.2 | 22.1 | 21.2 | ||||||||||
Working Capital | CZK mil | ... | -41.6 | -111 | -135 | -247 | -182 | ||||||||||
Capital Employed | CZK mil | ... | 33.3 | 116 | 104 | -19.7 | 312 | ||||||||||
Net Debt/Equity | ... | 0.802 | 0.250 | 0.230 | 0.060 | 0.046 | |||||||||||
Cost of Financing | % | ... | ... | ... | 20.7 | 8.63 | -8.24 | 15.4 | 4.33 |
cash flow | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
cash flow | |||||||||||||||||
Net Profit | CZK mil | ... | 75.9 | 75.6 | 114 | 115 | 129 | ||||||||||
Depreciation | CZK mil | ... | 12.4 | 13.7 | 14.3 | 14.3 | 13.6 | ||||||||||
Non-Cash Items | CZK mil | ... | ... | -25.8 | 11.9 | -126 | -215 | ... | ... | ... | |||||||
Change in Working Capital | CZK mil | ... | ... | -142 | 69.7 | 23.7 | 112 | ... | ... | ... | |||||||
Total Cash From Operations | CZK mil | ... | -79.3 | 171 | 25.7 | 25.9 | ... | ... | ... | ||||||||
Capital Expenditures | CZK mil | ... | -10.9 | -166 | -26.0 | -2.70 | ... | ... | ... | ||||||||
Other Investments | CZK mil | ... | 9.81 | 21.4 | 10.8 | 13.9 | ... | ... | ... | ||||||||
Total Cash From Investing | CZK mil | ... | -1.06 | -145 | -15.3 | 11.2 | ... | ... | ... | ||||||||
Dividends Paid | CZK mil | 0 | 0 | 0 | 0 | ... | ... | ... | |||||||||
Issuance Of Debt | CZK mil | ... | ... | 72.6 | -26.4 | 24.2 | -26.4 | ... | ... | ... | |||||||
Total Cash From Financing | CZK mil | ... | -74.3 | -14.8 | -2.59 | -26.4 | ... | ... | ... | ||||||||
Net Change In Cash | CZK mil | ... | -155 | 11.1 | 7.85 | 10.7 | ... | ... | ... | ||||||||
ratios | |||||||||||||||||
Days Sales Outstanding | days | ... | 10.3 | 12.2 | 33.4 | 24.8 | 33.4 | ||||||||||
Days Sales Of Inventory | days | ... | 1.63 | 6.15 | 5.59 | 4.44 | 4.58 | ||||||||||
Days Payable Outstanding | days | ... | 19.4 | 75.5 | 110 | 117 | 99.7 | ||||||||||
Cash Conversion Cycle | days | ... | -7.53 | -57.2 | -71.5 | -88.0 | -61.7 | ||||||||||
Cash Earnings | CZK mil | ... | 88.3 | 89.2 | 128 | 129 | 143 | ||||||||||
Free Cash Flow | CZK mil | ... | -80.3 | 25.9 | 10.4 | 37.1 | ... | ... | ... |
other data | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
other data | |||||||||||||||||
ROA | % | ... | 19.4 | 16.4 | 18.0 | 13.9 | 11.6 | ||||||||||
Gross Margin | % | ... | 13.1 | 32.9 | 31.7 | 29.0 | 27.4 | ||||||||||
Employees | 816 | 859 | 812 | 808 | 1,121 | ||||||||||||
Cost Per Employee | USD per month | ... | ... | 1,403 | 1,394 | 1,618 | 1,679 | 1,323 | |||||||||
Cost Per Employee (Local Currency) | CZK per month | ... | ... | 26,730 | 26,634 | 28,610 | 32,838 | 25,892 | |||||||||
Staff Cost (As % Of Total Cost) | % | ... | 9.34 | 25.4 | 23.7 | 21.6 | 20.4 | ||||||||||
Effective Tax Rate | % | ... | 23.7 | 21.2 | 32.9 | 30.5 | 14.6 | ||||||||||
Capital Expenditures (As % of Sales) | % | ... | 0.373 | 14.1 | 2.02 | 0.165 | ... | ... | ... | ||||||||
Sales of Air Tickets & Services | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 98.0 | 132 | 141 | 172 | ||||
Sales from Bus Lines | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 881 | 964 | 1,068 | 1,461 | ||||
Sales from Language & Study Programmes | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 87.0 | 107 | 96.0 | 72.9 | ||||
Sales from Work and Au Pair Programmes | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 23.0 | 19.0 | 20.0 | 20.0 | ||||
Sales from Tours | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 24.0 | 86.0 | 98.0 | 95.3 | ||
Sales from Publicity | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 51.0 | 43.0 | 49.0 | 51.8 | ||
Sales from Other Activities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 99.0 | 392 | 277 | 117 |
Get all company financials in excel:
Student Agency is a Czech travel agency whose main focuses are on au-pair programmes, resale of airline tickets and bus and railway transport. Despite the Company's name, their services are not sold exclusively to students. The Company was founded by Radim Jančura, Czech Republic's Entrepreneur Of The Year Award in 2006, a prize awarded by Ernst & Young. Since its registration in 1996, Jančura remains CEO and the sole owner. Student Agency operates its yellow buses on the main routes within the Czech Republic, but also to a number of European cities such as London, Amsterdam, Eindhoven, Hamburg, Munich, Berlin, Stuttgart, Paris, Košice, Budapest, Rome, Naples, Venice, Zurich, Bern, Geneve, Stockholm, Oslo and other. Student Agency also controls RegioJet, a private railway operator which competes with Czech and Slovak railways
Student Agency has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 22.6% a year during that time to total of CZK 324 mil in 2015, or 11.9% of sales. That’s compared to 10.7% average margin seen in last five years.
The company netted CZK 220 mil in 2015 implying ROE of 47.5% and ROCE of 41.5%. Again, the average figures were 44.2% and 112%, respectively when looking at the previous 5 years.
Student Agency’s net debt amounted to CZK 184 mil at the end of 2015, or 0.396 of equity. When compared to EBITDA, net debt was 0.566x, up when compared to average of 0.410x seen in the last 5 years.