By Helgi Library - April 2, 2020
Synergon's total assets reached HUF 8,822 mil at the end of 2014, down 27.7% compared to the previous year. Curren...
By Helgi Library - April 2, 2020
Synergon's total assets reached HUF 8,822 mil at the end of 2014, down 27.7% compared to the previous year. Curren...
Profit Statement | 2012 | 2013 | 2014 | |
Sales | HUF mil | 7,059 | 10,396 | 4,168 |
Gross Profit | HUF mil | 2,649 | 601 | -596 |
EBITDA | HUF mil | 181 | -768 | -567 |
EBIT | HUF mil | 3.90 | -891 | -822 |
Financing Cost | HUF mil | -147 | 262 | 75.8 |
Pre-Tax Profit | HUF mil | 62.3 | -1,566 | -725 |
Net Profit | HUF mil | 529 | -1,566 | -725 |
Dividends | HUF mil | ... | ... | ... |
Balance Sheet | 2012 | 2013 | 2014 | |
Total Assets | HUF mil | 14,281 | 12,204 | 8,822 |
Non-Current Assets | HUF mil | 6,313 | 6,531 | 3,919 |
Current Assets | HUF mil | 7,968 | 5,673 | ... |
Working Capital | HUF mil | 1,751 | -1,078 | -1,148 |
Shareholders' Equity | HUF mil | 3,651 | 2,115 | 1,349 |
Liabilities | HUF mil | 10,631 | 10,089 | 7,473 |
Total Debt | HUF mil | 2,598 | 2,140 | 909 |
Net Debt | HUF mil | 2,330 | 1,300 | 399 |
Ratios | 2012 | 2013 | 2014 | |
ROE | % | 14.8 | -54.3 | -41.9 |
ROCE | % | 8.41 | -23.2 | -17.6 |
Gross Margin | % | 37.5 | 5.78 | -14.3 |
EBITDA Margin | % | 2.57 | -7.38 | -13.6 |
EBIT Margin | % | 0.055 | -8.58 | -19.7 |
Net Margin | % | 7.50 | -15.1 | -17.4 |
Net Debt/EBITDA | 12.9 | -1.69 | -0.704 | |
Net Debt/Equity | 0.638 | 0.615 | 0.296 | |
Cost of Financing | % | -8.29 | 11.1 | 4.98 |
Valuation | 2012 | 2013 | 2014 | |
Market Capitalisation | USD mil | 18.5 | ... | ... |
Enterprise Value (EV) | USD mil | 29.0 | ... | ... |
Number Of Shares | mil | 9.30 | 3.35 | 4.13 |
Share Price | HUF | 438 | ... | ... |
EV/EBITDA | 36.0 | ... | ... | |
EV/Sales | 0.925 | ... | ... | |
Price/Earnings (P/E) | 7.70 | ... | ... | |
Price/Book Value (P/BV) | 1.12 | ... | ... | |
Dividend Yield | % | ... | ... | ... |
Get all company financials in excel:
summary | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
income statement | |||||||||||||||||
Sales | HUF mil | 17,859 | 17,723 | 15,389 | 16,623 | 7,059 | |||||||||||
Gross Profit | HUF mil | ... | ... | 5,754 | 6,553 | 4,614 | 6,757 | 2,649 | |||||||||
EBIT | HUF mil | -21.8 | 392 | -542 | -354 | 3.90 | |||||||||||
Net Profit | HUF mil | -1,100 | 364 | -728 | -786 | 529 | |||||||||||
ROE | % | -18.8 | 6.96 | -15.4 | -20.4 | 14.8 | |||||||||||
EBIT Margin | % | -0.122 | 2.21 | -3.52 | -2.13 | 0.055 | |||||||||||
Net Margin | % | -6.16 | 2.05 | -4.73 | -4.73 | 7.50 | |||||||||||
Employees | ... | ... | ... | ... | ... | ... | 421 | 355 | 348 | 324 | 236 | ||||||
balance sheet | |||||||||||||||||
Total Assets | HUF mil | 10,513 | 10,118 | 8,991 | 11,331 | 14,281 | |||||||||||
Non-Current Assets | HUF mil | 1,786 | 2,547 | 2,124 | 1,908 | 6,313 | |||||||||||
Current Assets | HUF mil | 8,727 | 7,570 | 6,867 | 9,423 | 7,968 | ... | ||||||||||
Shareholders' Equity | HUF mil | 5,217 | 5,224 | 4,209 | 3,507 | 3,651 | |||||||||||
Liabilities | HUF mil | 5,296 | 4,894 | 4,782 | 7,824 | 10,631 | |||||||||||
Non-Current Liabilities | HUF mil | 211 | 296 | 143 | 56.6 | 1,072 | |||||||||||
Current Liabilities | HUF mil | 5,084 | 4,598 | 4,639 | 7,767 | 9,559 | |||||||||||
Net Debt/EBITDA | -1.73 | -0.490 | -0.132 | 1.36 | 12.9 | ||||||||||||
Net Debt/Equity | -0.132 | -0.077 | -0.001 | 0.091 | 0.638 | ||||||||||||
Cost of Financing | % | ... | ... | ... | 91.8 | 21.7 | -8.29 | ||||||||||
cash flow | |||||||||||||||||
Total Cash From Operations | HUF mil | ... | 81.2 | 656 | 415 | 461 | 123 | ||||||||||
Total Cash From Investing | HUF mil | ... | -375 | -584 | -521 | -536 | -1,367 | ||||||||||
Total Cash From Financing | HUF mil | ... | -350 | -355 | -269 | -1.66 | 1,017 | ||||||||||
Net Change In Cash | HUF mil | ... | -644 | -283 | -375 | -76.7 | -227 | ||||||||||
valuation | |||||||||||||||||
Market Capitalisation | USD mil | 24.6 | 38.2 | 19.4 | 8.78 | 18.5 | ... | ... | |||||||||
Number Of Shares | mil | 9.55 | 9.41 | 8.46 | 9.30 | 9.30 | |||||||||||
Share Price | HUF | 489 | 765 | 476 | 229 | 438 | ... | ... | |||||||||
Earnings Per Share (EPS) | HUF | -115 | 38.7 | -86.0 | -84.5 | 56.9 | |||||||||||
Book Value Per Share | HUF | 546 | 555 | 497 | 377 | 392 | |||||||||||
Dividend Per Share | HUF | 0 | 0.136 | 0.197 | 0 | ... | ... | ... | |||||||||
Price/Earnings (P/E) | -4.25 | 19.8 | -5.53 | -2.71 | 7.70 | ... | ... | ||||||||||
Price/Book Value (P/BV) | 0.896 | 1.38 | 0.957 | 0.608 | 1.12 | ... | ... | ||||||||||
Dividend Yield | % | 0 | 0.018 | 0.041 | 0 | ... | ... | ... | |||||||||
Earnings Per Share Growth | % | ... | -340 | -134 | -322 | -1.79 | -167 | ||||||||||
Book Value Per Share Growth | % | ... | -20.1 | 1.71 | -10.4 | -24.2 | 4.09 |
income statement | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
income statement | |||||||||||||||||
Sales | HUF mil | 17,859 | 17,723 | 15,389 | 16,623 | 7,059 | |||||||||||
Cost of Goods & Services | HUF mil | ... | ... | 12,105 | 11,170 | 10,775 | 9,866 | 4,411 | |||||||||
Gross Profit | HUF mil | ... | ... | 5,754 | 6,553 | 4,614 | 6,757 | 2,649 | |||||||||
EBITDA | HUF mil | 398 | 818 | 42.1 | 234 | 181 | |||||||||||
Depreciation | HUF mil | 419 | 426 | 584 | 588 | 177 | |||||||||||
EBIT | HUF mil | -21.8 | 392 | -542 | -354 | 3.90 | |||||||||||
Financing Cost | HUF mil | 1,016 | 14.3 | 150 | 137 | -147 | |||||||||||
Extraordinary Cost | HUF mil | 0 | 0 | 82.5 | 227 | 88.1 | |||||||||||
Pre-Tax Profit | HUF mil | -1,037 | 378 | -774 | -718 | 62.3 | |||||||||||
Tax | HUF mil | 62.0 | 154 | 26.7 | 10.2 | 112 | |||||||||||
Minorities | HUF mil | 0.456 | 1.95 | 2.88 | 2.76 | 0 | |||||||||||
Net Profit | HUF mil | -1,100 | 364 | -728 | -786 | 529 | |||||||||||
Dividends | HUF mil | 0 | 1.28 | 1.66 | 0 | ... | ... | ... | |||||||||
growth rates | |||||||||||||||||
Total Revenue Growth | % | ... | -0.610 | -0.763 | -13.2 | 8.02 | -57.5 | ||||||||||
EBITDA Growth | % | ... | -54.2 | 106 | -94.9 | 456 | -22.4 | ||||||||||
EBIT Growth | % | ... | -105 | -1,896 | -238 | -34.6 | -101 | ||||||||||
Pre-Tax Profit Growth | % | ... | -312 | -136 | -305 | -7.19 | -109 | ||||||||||
Net Profit Growth | % | ... | -342 | -133 | -300 | 7.98 | -167 | ||||||||||
ratios | |||||||||||||||||
ROE | % | -18.8 | 6.96 | -15.4 | -20.4 | 14.8 | |||||||||||
ROCE | % | ... | -19.7 | 6.25 | -13.2 | -16.4 | 8.41 | ||||||||||
Gross Margin | % | ... | ... | 32.2 | 37.0 | 30.0 | 40.6 | 37.5 | |||||||||
EBITDA Margin | % | 2.23 | 4.61 | 0.273 | 1.41 | 2.57 | |||||||||||
EBIT Margin | % | -0.122 | 2.21 | -3.52 | -2.13 | 0.055 | |||||||||||
Net Margin | % | -6.16 | 2.05 | -4.73 | -4.73 | 7.50 | |||||||||||
Payout Ratio | % | 0 | 0.351 | -0.229 | 0 | ... | ... | ... | |||||||||
Cost of Financing | % | ... | ... | ... | 91.8 | 21.7 | -8.29 | ||||||||||
Net Debt/EBITDA | -1.73 | -0.490 | -0.132 | 1.36 | 12.9 |
balance sheet | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
balance sheet | |||||||||||||||||
Non-Current Assets | HUF mil | 1,786 | 2,547 | 2,124 | 1,908 | 6,313 | |||||||||||
Property, Plant & Equipment | HUF mil | 1,381 | 1,169 | 985 | 733 | 2,167 | |||||||||||
Intangible Assets | HUF mil | 381 | 569 | 347 | 485 | 3,031 | |||||||||||
Goodwill | HUF mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
Current Assets | HUF mil | 8,727 | 7,570 | 6,867 | 9,423 | 7,968 | ... | ||||||||||
Inventories | HUF mil | 735 | 592 | 880 | 2,291 | 2,295 | |||||||||||
Receivables | HUF mil | 6,719 | 5,951 | 4,830 | 5,919 | 4,417 | |||||||||||
Cash & Cash Equivalents | HUF mil | 687 | 401 | 332 | 616 | 269 | |||||||||||
Total Assets | HUF mil | 10,513 | 10,118 | 8,991 | 11,331 | 14,281 | |||||||||||
Shareholders' Equity | HUF mil | 5,217 | 5,224 | 4,209 | 3,507 | 3,651 | |||||||||||
Of Which Minority Interest | HUF mil | 41.3 | 43.3 | 44.9 | 46.7 | -51.8 | |||||||||||
Liabilities | HUF mil | 5,296 | 4,894 | 4,782 | 7,824 | 10,631 | |||||||||||
Non-Current Liabilities | HUF mil | 211 | 296 | 143 | 56.6 | 1,072 | |||||||||||
Long-Term Debt | HUF mil | 0 | 0 | 0 | 46.5 | 893 | |||||||||||
Current Liabilities | HUF mil | 5,084 | 4,598 | 4,639 | 7,767 | 9,559 | |||||||||||
Short-Term Debt | HUF mil | 0 | 0 | 326 | 888 | 1,706 | |||||||||||
Trade Payables | HUF mil | 3,502 | 3,187 | 2,749 | 5,600 | 4,961 | |||||||||||
Equity And Liabilities | HUF mil | 10,513 | 10,118 | 8,991 | 11,331 | 14,281 | |||||||||||
growth rates | |||||||||||||||||
Total Asset Growth | % | ... | -2.80 | -3.76 | -11.1 | 26.0 | 26.0 | ||||||||||
Shareholders' Equity Growth | % | ... | -19.4 | 0.121 | -19.4 | -16.7 | 4.09 | ||||||||||
Net Debt Growth | % | ... | -48.4 | -41.7 | -98.6 | -5,859 | 631 | ||||||||||
Total Debt Growth | % | ... | ... | ... | ... | ... | 186 | 178 | |||||||||
ratios | |||||||||||||||||
Total Debt | HUF mil | 0 | 0 | 326 | 935 | 2,598 | |||||||||||
Net Debt | HUF mil | -687 | -401 | -5.53 | 319 | 2,330 | |||||||||||
Working Capital | HUF mil | 3,952 | 3,356 | 2,962 | 2,610 | 1,751 | |||||||||||
Capital Employed | HUF mil | 5,738 | 5,903 | 5,086 | 4,517 | 8,064 | |||||||||||
Net Debt/Equity | -0.132 | -0.077 | -0.001 | 0.091 | 0.638 | ||||||||||||
Cost of Financing | % | ... | ... | ... | 91.8 | 21.7 | -8.29 |
cash flow | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
cash flow | |||||||||||||||||
Net Profit | HUF mil | -1,100 | 364 | -728 | -786 | 529 | |||||||||||
Depreciation | HUF mil | 419 | 426 | 584 | 588 | 177 | |||||||||||
Non-Cash Items | HUF mil | ... | 1,131 | -729 | 165 | 307 | -1,443 | ||||||||||
Change in Working Capital | HUF mil | ... | -369 | 596 | 394 | 352 | 859 | ||||||||||
Total Cash From Operations | HUF mil | ... | 81.2 | 656 | 415 | 461 | 123 | ||||||||||
Capital Expenditures | HUF mil | ... | -217 | -325 | -348 | -217 | -28.7 | ||||||||||
Other Investments | HUF mil | ... | -158 | -258 | -173 | -319 | -1,338 | ||||||||||
Total Cash From Investing | HUF mil | ... | -375 | -584 | -521 | -536 | -1,367 | ||||||||||
Dividends Paid | HUF mil | ... | 0 | -1.28 | -1.66 | 0 | ... | ... | ... | ||||||||
Issuance Of Debt | HUF mil | ... | 0 | 0 | 326 | 608 | 1,664 | ||||||||||
Total Cash From Financing | HUF mil | ... | -350 | -355 | -269 | -1.66 | 1,017 | ||||||||||
Net Change In Cash | HUF mil | ... | -644 | -283 | -375 | -76.7 | -227 | ||||||||||
ratios | |||||||||||||||||
Days Sales Outstanding | days | 137 | 123 | 115 | 130 | 228 | |||||||||||
Days Sales Of Inventory | days | ... | ... | 22.2 | 19.4 | 29.8 | 84.7 | 190 | |||||||||
Days Payable Outstanding | days | ... | ... | 106 | 104 | 93.1 | 207 | 411 | |||||||||
Cash Conversion Cycle | days | ... | ... | 53.9 | 37.8 | 51.3 | 7.54 | 7.73 | |||||||||
Cash Earnings | HUF mil | -681 | 789 | -144 | -198 | 707 | |||||||||||
Cash Earnings Per Share | HUF | -71.2 | 83.9 | -17.0 | -21.3 | 75.9 | |||||||||||
Price/Cash Earnings (P/CE) | -6.87 | 9.12 | -28.0 | -10.8 | 5.77 | ... | ... | ||||||||||
Free Cash Flow | HUF mil | ... | -294 | 72.3 | -105 | -75.0 | -1,244 | ||||||||||
Free Cash Flow Yield | % | ... | -6.94 | 0.936 | -2.61 | -4.25 | -30.0 | ... | ... |
other data | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
other data | |||||||||||||||||
ROA | % | -10.3 | 3.52 | -7.62 | -7.73 | 4.13 | |||||||||||
Gross Margin | % | ... | ... | 32.2 | 37.0 | 30.0 | 40.6 | 37.5 | |||||||||
Employees | ... | ... | ... | ... | ... | ... | 421 | 355 | 348 | 324 | 236 | ||||||
Effective Tax Rate | % | -5.98 | 40.8 | -3.44 | -1.41 | 180 | |||||||||||
Enterprise Value (EV) | USD mil | 20.9 | 36.1 | 19.3 | 10.1 | 29.0 | ... | ... | |||||||||
EV/EBITDA | 9.08 | 8.91 | 95.7 | 8.69 | 36.0 | ... | ... | ||||||||||
EV/Capital Employed | 0.694 | 1.15 | 0.791 | 0.542 | 0.794 | ... | ... | ||||||||||
EV/Sales | 0.202 | 0.411 | 0.262 | 0.122 | 0.925 | ... | ... | ||||||||||
EV/EBIT | -165 | 18.6 | -7.43 | -5.73 | 1,673 | ... | ... | ||||||||||
Capital Expenditures (As % of Sales) | % | ... | 1.21 | 1.84 | 2.26 | 1.30 | 0.407 |
Get all company financials in excel:
Synergon is a Hungary-based information technology solution provider. The Company's products and services include Information Technology (IT) Infrastructure solutions such as hardware solutions, communication network, datacenter; IT Security solutions such as centralized identity management, firewalls, safety management tools, protection against data leakage and content filtering; System Integration such as service center and management solutions, design and implementation of the infrastructure of systems based on databases; Business Solutions such as business application deployment, document management; IT Services and support; and Sector-Specific Solutions for such sectors as healthcare, waste management, public sector. The Company operates in Hungary, the Czech Republic and Slovakia
Synergon has been growing its sales by a year on average in the last 5 years. EBITDA has fallen by 169% during that time to total of HUF -567 mil in 2014, or -13.6% of sales. That’s compared to -3.35% average margin seen in last five years.
The company netted HUF -725 mil in 2014 implying ROE of -41.9% and ROCE of -17.6%. Again, the average figures were -23.4% and -12.4%, respectively when looking at the previous 5 years.
Synergon’s net debt amounted to HUF 399 mil at the end of 2014, or 0.296 of equity. When compared to EBITDA, net debt was -0.704x, down when compared to average of 2.34x seen in the last 5 years.
Synergon stock traded at per share at the end of 2014 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 2014.