By Helgi Library - April 2, 2020
TPCA Czech Republic's total assets reached CZK 13,200 mil at the end of 2017, down 2.93% compared to the previous year. ...
By Helgi Library - April 2, 2020
TPCA Czech Republic's total assets reached CZK 13,200 mil at the end of 2017, down 2.93% compared to the previous year. ...
| Profit Statement | 2015 | 2016 | 2017 | |
| Sales | CZK mil | 41,969 | 41,098 | 36,427 |
| Gross Profit | CZK mil | 3,611 | 3,591 | 3,260 |
| EBITDA | CZK mil | 2,032 | 1,995 | 1,652 |
| EBIT | CZK mil | 418 | 392 | 294 |
| Financing Cost | CZK mil | 25.8 | 8.13 | -46.6 |
| Pre-Tax Profit | CZK mil | 392 | 384 | 340 |
| Net Profit | CZK mil | 267 | 311 | 255 |
| Dividends | CZK mil | 1,529 | 678 | ... |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Total Assets | CZK mil | 16,836 | 13,598 | 13,200 |
| Non-Current Assets | CZK mil | 9,461 | 8,097 | 7,107 |
| Current Assets | CZK mil | 6,136 | 4,488 | 5,324 |
| Working Capital | CZK mil | -3,005 | -2,853 | -2,038 |
| Shareholders' Equity | CZK mil | 7,515 | 6,297 | 5,874 |
| Liabilities | CZK mil | 9,321 | 7,301 | 7,326 |
| Total Debt | CZK mil | 0 | 0 | 0 |
| Net Debt | CZK mil | -1,893 | -1,679 | -1,842 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 3.54 | 4.51 | 4.19 |
| ROCE | % | 4.07 | 5.32 | 4.95 |
| Gross Margin | % | 8.60 | 8.74 | 8.95 |
| EBITDA Margin | % | 4.84 | 4.85 | 4.53 |
| EBIT Margin | % | 0.995 | 0.954 | 0.806 |
| Net Margin | % | 0.637 | 0.758 | 0.701 |
| Net Debt/EBITDA | -0.931 | -0.842 | -1.11 | |
| Net Debt/Equity | % | -25.2 | -26.7 | -31.4 |
| Cost of Financing | % | 2.59 | ... | ... |
| Cash Flow | 2015 | 2016 | 2017 | |
| Total Cash From Operations | CZK mil | 922 | 1,564 | 1,159 |
| Total Cash From Investing | CZK mil | -364 | -248 | -319 |
| Total Cash From Financing | CZK mil | -2,348 | -1,529 | -678 |
| Net Change In Cash | CZK mil | -1,791 | -213 | 162 |
| Cash Conversion Cycle | days | -31.5 | -29.7 | -25.4 |
| Cash Earnings | CZK mil | 1,882 | 1,915 | 1,613 |
| Free Cash Flow | CZK mil | 557 | 1,316 | 840 |
Get all company financials in excel:
| summary | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||||
| Sales | CZK mil | 39,768 | 34,210 | 30,269 | 39,825 | 41,969 | |||||||||||
| Gross Profit | CZK mil | 3,238 | 3,299 | 2,877 | 3,499 | 3,611 | |||||||||||
| EBIT | CZK mil | 398 | 275 | 198 | 463 | 418 | |||||||||||
| Net Profit | CZK mil | 573 | 238 | 170 | 370 | 267 | |||||||||||
| ROE | % | 8.10 | 3.36 | 2.38 | 4.99 | 3.54 | |||||||||||
| EBIT Margin | % | ... | ... | 1.00 | 0.804 | 0.655 | 1.16 | 0.995 | |||||||||
| Net Margin | % | ... | ... | 1.44 | 0.696 | 0.561 | 0.929 | 0.637 | |||||||||
| Employees | ... | 2,846 | 2,535 | 2,188 | 2,528 | 2,559 | |||||||||||
| balance sheet | |||||||||||||||||
| Total Assets | CZK mil | 15,658 | 16,568 | 21,217 | 21,127 | 16,836 | |||||||||||
| Non-Current Assets | CZK mil | 8,842 | 8,467 | 11,796 | 11,070 | 9,461 | |||||||||||
| Current Assets | CZK mil | 6,812 | 8,031 | 9,399 | 8,590 | 6,136 | |||||||||||
| Shareholders' Equity | CZK mil | 7,094 | 7,059 | 7,229 | 7,599 | 7,515 | |||||||||||
| Liabilities | CZK mil | 8,564 | 9,509 | 13,989 | 13,528 | 9,321 | |||||||||||
| Non-Current Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 1,207 | 73.8 | 69.2 | 191 | ||||
| Current Liabilities | CZK mil | 7,491 | 6,704 | 11,249 | 11,405 | 9,099 | |||||||||||
| Net Debt/EBITDA | 0.613 | -0.237 | 0.563 | -0.817 | -0.931 | ||||||||||||
| Net Debt/Equity | % | 14.6 | -6.08 | 13.7 | -22.2 | -25.2 | |||||||||||
| Cost of Financing | % | ... | ... | 1.46 | -3.43 | -3.86 | 4.16 | 2.59 | ... | ... | |||||||
| cash flow | |||||||||||||||||
| Total Cash From Operations | CZK mil | 2,417 | 1,335 | 2,063 | 6,230 | 922 | |||||||||||
| Total Cash From Investing | CZK mil | -310 | -1,109 | -1,973 | -3,554 | -364 | |||||||||||
| Total Cash From Financing | CZK mil | -2,117 | 1,687 | -384 | -637 | -2,348 | |||||||||||
| Net Change In Cash | CZK mil | -10.0 | 1,913 | -294 | 2,039 | -1,791 |
| income statement | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||||
| Sales | CZK mil | 39,768 | 34,210 | 30,269 | 39,825 | 41,969 | |||||||||||
| Cost of Goods & Services | CZK mil | 36,530 | 30,911 | 27,392 | 36,326 | 38,359 | |||||||||||
| Gross Profit | CZK mil | 3,238 | 3,299 | 2,877 | 3,499 | 3,611 | |||||||||||
| Staff Cost | CZK mil | 1,749 | 1,708 | 1,502 | 1,674 | 1,650 | |||||||||||
| Other Cost | CZK mil | -195 | -220 | -380 | -240 | -72.0 | |||||||||||
| EBITDA | CZK mil | 1,684 | 1,811 | 1,755 | 2,065 | 2,032 | |||||||||||
| Depreciation | CZK mil | 1,286 | 1,536 | 1,557 | 1,602 | 1,614 | |||||||||||
| EBIT | CZK mil | 398 | 275 | 198 | 463 | 418 | |||||||||||
| Financing Cost | CZK mil | 27.0 | -44.0 | -79.8 | 96.2 | 25.8 | |||||||||||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Pre-Tax Profit | CZK mil | 371 | 319 | 278 | 367 | 392 | |||||||||||
| Tax | CZK mil | -203 | 81.0 | 108 | -3.57 | 125 | |||||||||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Net Profit | CZK mil | 573 | 238 | 170 | 370 | 267 | |||||||||||
| Dividends | CZK mil | ... | ... | ... | ... | ... | ... | ... | 272 | ... | ... | ... | 1,529 | ... | |||
| growth rates | |||||||||||||||||
| Total Revenue Growth | % | ... | ... | ... | -11.1 | -14.0 | -11.5 | 31.6 | 5.38 | ||||||||
| Operating Cost Growth | % | ... | -7.33 | -4.25 | -24.6 | 27.9 | 10.1 | ||||||||||
| EBITDA Growth | % | ... | -38.6 | 7.54 | -3.10 | 17.7 | -1.58 | ||||||||||
| EBIT Growth | % | ... | -71.3 | -30.9 | -27.9 | 133 | -9.72 | ||||||||||
| Pre-Tax Profit Growth | % | ... | ... | -73.2 | -14.0 | -12.8 | 31.8 | 6.93 | |||||||||
| Net Profit Growth | % | ... | -49.5 | -58.5 | -28.7 | 118 | -27.8 | ||||||||||
| ratios | |||||||||||||||||
| ROE | % | 8.10 | 3.36 | 2.38 | 4.99 | 3.54 | |||||||||||
| ROCE | % | ... | ... | 5.56 | 2.46 | 1.48 | 3.69 | 4.07 | |||||||||
| Gross Margin | % | ... | ... | 8.14 | 9.64 | 9.50 | 8.79 | 8.60 | |||||||||
| EBITDA Margin | % | ... | ... | 4.23 | 5.29 | 5.80 | 5.18 | 4.84 | |||||||||
| EBIT Margin | % | ... | ... | 1.00 | 0.804 | 0.655 | 1.16 | 0.995 | |||||||||
| Net Margin | % | ... | ... | 1.44 | 0.696 | 0.561 | 0.929 | 0.637 | |||||||||
| Payout Ratio | % | ... | ... | ... | ... | ... | ... | ... | 47.5 | ... | ... | ... | 572 | ... | |||
| Cost of Financing | % | ... | ... | 1.46 | -3.43 | -3.86 | 4.16 | 2.59 | ... | ... | |||||||
| Net Debt/EBITDA | 0.613 | -0.237 | 0.563 | -0.817 | -0.931 |
| balance sheet | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | |||||||||||||||||
| Non-Current Assets | CZK mil | 8,842 | 8,467 | 11,796 | 11,070 | 9,461 | |||||||||||
| Property, Plant & Equipment | CZK mil | 8,821 | 8,402 | 10,572 | 11,321 | 9,014 | |||||||||||
| Intangible Assets | CZK mil | ... | 22.0 | 65.0 | 476 | 498 | 447 | ||||||||||
| Current Assets | CZK mil | 6,812 | 8,031 | 9,399 | 8,590 | 6,136 | |||||||||||
| Inventories | CZK mil | ... | 416 | 482 | 418 | 443 | 474 | ||||||||||
| Receivables | CZK mil | ... | 6,118 | 5,476 | 6,646 | 4,110 | 3,563 | ||||||||||
| Cash & Cash Equivalents | CZK mil | 25.0 | 1,938 | 1,644 | 3,683 | 1,893 | |||||||||||
| Total Assets | CZK mil | 15,658 | 16,568 | 21,217 | 21,127 | 16,836 | |||||||||||
| Shareholders' Equity | CZK mil | 7,094 | 7,059 | 7,229 | 7,599 | 7,515 | |||||||||||
| Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Liabilities | CZK mil | 8,564 | 9,509 | 13,989 | 13,528 | 9,321 | |||||||||||
| Non-Current Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 1,207 | 73.8 | 69.2 | 191 | ||||
| Long-Term Debt | CZK mil | 0 | 1,207 | 1,975 | 0 | 0 | |||||||||||
| Deferred Tax Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 73.8 | 69.2 | 191 | |||
| Current Liabilities | CZK mil | 7,491 | 6,704 | 11,249 | 11,405 | 9,099 | |||||||||||
| Short-Term Debt | CZK mil | 1,058 | 302 | 658 | 1,996 | 0 | |||||||||||
| Trade Payables | CZK mil | 5,600 | 4,890 | 5,482 | 8,950 | 7,042 | |||||||||||
| Provisions | CZK mil | 15.0 | 90.0 | 32.5 | 57.1 | 31.2 | |||||||||||
| Equity And Liabilities | CZK mil | 15,658 | 16,568 | 21,217 | 21,127 | 16,836 | |||||||||||
| growth rates | |||||||||||||||||
| Total Asset Growth | % | ... | -4.70 | 5.81 | 28.1 | -0.427 | -20.3 | ||||||||||
| Shareholders' Equity Growth | % | ... | 0.496 | -0.493 | 2.41 | 5.12 | -1.11 | ||||||||||
| Net Debt Growth | % | ... | -60.3 | -142 | -330 | -271 | 12.2 | ||||||||||
| Total Debt Growth | % | ... | ... | ... | -59.9 | 42.6 | 74.5 | -24.2 | -100 | ... | ... | ||||||
| ratios | |||||||||||||||||
| Total Debt | CZK mil | 1,058 | 1,509 | 2,633 | 1,996 | 0 | |||||||||||
| Net Debt | CZK mil | 1,033 | -429 | 989 | -1,687 | -1,893 | |||||||||||
| Working Capital | CZK mil | ... | 934 | 1,068 | 1,582 | -4,397 | -3,005 | ||||||||||
| Capital Employed | CZK mil | ... | 9,776 | 9,535 | 13,379 | 6,673 | 6,456 | ||||||||||
| Net Debt/Equity | % | 14.6 | -6.08 | 13.7 | -22.2 | -25.2 | |||||||||||
| Cost of Financing | % | ... | ... | 1.46 | -3.43 | -3.86 | 4.16 | 2.59 | ... | ... |
| cash flow | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| cash flow | |||||||||||||||||
| Net Profit | CZK mil | 573 | 238 | 170 | 370 | 267 | |||||||||||
| Depreciation | CZK mil | 1,286 | 1,536 | 1,557 | 1,602 | 1,614 | |||||||||||
| Non-Cash Items | CZK mil | ... | ... | 351 | -305 | 851 | -1,722 | 432 | |||||||||
| Change in Working Capital | CZK mil | ... | ... | 207 | -134 | -514 | 5,980 | -1,392 | |||||||||
| Total Cash From Operations | CZK mil | 2,417 | 1,335 | 2,063 | 6,230 | 922 | |||||||||||
| Capital Expenditures | CZK mil | -310 | -1,109 | -1,979 | -3,561 | -382 | |||||||||||
| Other Investments | CZK mil | 0 | 0 | 6.10 | 7.05 | 17.6 | |||||||||||
| Total Cash From Investing | CZK mil | -310 | -1,109 | -1,973 | -3,554 | -364 | |||||||||||
| Dividends Paid | CZK mil | ... | ... | ... | ... | ... | ... | ... | -272 | ... | ... | ... | -1,529 | ||||
| Issuance Of Debt | CZK mil | ... | -1,578 | 451 | 1,124 | -637 | -1,996 | ||||||||||
| Total Cash From Financing | CZK mil | -2,117 | 1,687 | -384 | -637 | -2,348 | |||||||||||
| Net Change In Cash | CZK mil | -10.0 | 1,913 | -294 | 2,039 | -1,791 | |||||||||||
| ratios | |||||||||||||||||
| Days Sales Outstanding | days | ... | ... | 56.2 | 58.4 | 80.1 | 37.7 | 31.0 | |||||||||
| Days Sales Of Inventory | days | ... | 4.16 | 5.69 | 5.58 | 4.45 | 4.51 | ||||||||||
| Days Payable Outstanding | days | 56.0 | 57.7 | 73.0 | 89.9 | 67.0 | |||||||||||
| Cash Conversion Cycle | days | ... | ... | 4.36 | 6.38 | 12.7 | -47.8 | -31.5 | |||||||||
| Cash Earnings | CZK mil | 1,859 | 1,774 | 1,726 | 1,972 | 1,882 | |||||||||||
| Free Cash Flow | CZK mil | 2,107 | 226 | 90.2 | 2,676 | 557 |
| other data | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | |||||||||||||||||
| ROA | % | 3.57 | 1.48 | 0.899 | 1.75 | 1.41 | |||||||||||
| Gross Margin | % | ... | ... | 8.14 | 9.64 | 9.50 | 8.79 | 8.60 | |||||||||
| Employees | ... | 2,846 | 2,535 | 2,188 | 2,528 | 2,559 | |||||||||||
| Cost Per Employee | USD per month | ... | 2,896 | 2,871 | 2,923 | 2,582 | 2,198 | ||||||||||
| Cost Per Employee (Local Currency) | CZK per month | ... | 51,212 | 56,147 | 57,194 | 55,184 | 53,747 | ||||||||||
| Staff Cost (As % Of Total Cost) | % | 4.44 | 5.03 | 4.99 | 4.25 | 3.97 | |||||||||||
| Effective Tax Rate | % | ... | -54.7 | 25.4 | 38.9 | -0.975 | 31.8 | ||||||||||
| Capital Expenditures (As % of Sales) | % | ... | ... | 0.780 | 3.24 | 6.54 | 8.94 | 0.910 | |||||||||
| Revenues From Abroad (As % Of Total) | % | ... | ... | ... | 99.7 | 99.5 | 99.6 | 99.7 | 99.8 | ||||||||
| Production of Cars | vehicles | ... | ... | ... | 270,705 | 214,915 | 185,127 | 203,105 | 219,054 | ||||||||
| Sales of Vehicles | vehicles | ... | ... | ... | 270,705 | 214,915 | 185,127 | 203,105 | 219,054 | ||||||||
| Sales of Cars in the Czech Republic | vehicles | ... | ... | ... | 909 | 1,180 | 764 | 518 | 516 | ||||||||
| Sales of Aygo in the Czech Republic | vehicles | ... | ... | ... | 249 | 517 | 231 | 206 | 292 | ||||||||
| Sales of 107 in the Czech Republic | vehicles | ... | ... | ... | 366 | 200 | 148 | 152 | 110 | ||||||||
| Sales of C1 in the Czech Republic | vehicles | ... | ... | ... | 294 | 463 | 385 | 160 | 114 | ||||||||
| Domestic Sales of Cars (As % Of Total) | vehicles | ... | ... | ... | 0.003 | 0.005 | 0.004 | 0.003 | 0.002 | ||||||||
| Sales of Citroen | vehicles | ... | ... | ... | 88,683 | 65,834 | 58,469 | 64,666 | 60,631 | ||||||||
| Sales of Toyota | vehicles | ... | ... | ... | 90,687 | 74,190 | 69,386 | 72,495 | 91,199 | ||||||||
| Sales of Peugeot | vehicles | ... | ... | ... | 91,335 | 74,891 | 57,272 | 65,944 | 67,224 | ||||||||
| Sales of Cars in France | vehicles | ... | ... | ... | ... | 50,605 | 31,665 | 28,546 | 33,779 | 38,670 | |||||||
| Sales of Cars in Italy | vehicles | ... | ... | ... | ... | 32,884 | 22,046 | 21,067 | 20,067 | 28,664 | |||||||
| Sales of Cars in Germany | vehicles | ... | ... | ... | ... | 26,457 | 21,257 | 16,312 | 19,329 | 24,598 | |||||||
| Sales of Cars in Netherland | vehicles | ... | ... | ... | ... | 47,081 | 23,212 | 25,080 | 19,088 | 18,030 | |||||||
| Sales of Cars in the UK | vehicles | ... | ... | ... | ... | 46,005 | 46,251 | 51,106 | 52,258 | 63,126 | |||||||
| Sales of Cars in Other Countries | vehicles | ... | ... | ... | ... | 67,673 | 61,384 | 43,016 | 58,584 | 45,966 | |||||||
| Price Per Vehicle Sold | CZK | ... | ... | ... | 146,905 | 159,179 | 163,502 | 196,081 | 191,594 | ||||||||
| EBIT Per Vehicle Sold | CZK | ... | ... | ... | 1,470 | 1,280 | 1,071 | 2,278 | 1,907 | ||||||||
| Net Profit Per Vehicle Sold | CZK | ... | ... | ... | 2,117 | 1,107 | 917 | 1,822 | 1,221 | ||||||||
| Price Per Vehicle Sold (USD) | USD | ... | ... | ... | 8,306 | 8,138 | 8,357 | 9,175 | ... | ... | ... | ||||||
| EBIT Per Vehicle Sold (USD) | USD | ... | ... | ... | 83.1 | 65.4 | 54.7 | 107 | ... | ... | ... | ||||||
| Net Profit Per Vehicle Sold (USD) | USD | ... | ... | ... | 120 | 56.6 | 46.9 | 85.3 | ... | ... | ... |
Get all company financials in excel:
Toyota Peugeot Citroën Automobile (TPCA) is a joint- venture of Toyota Motor Corporation and PSA Peugeot Citroën built in 2002 in Kolín in the Czech Republic. Production started in February 2005 and already in following year reached the planned annual capacity of 300,000 cars. Currently in TPCA work 2,400 employees. It manufactures small Toyota, Peugeot and Citroën models for a sale mainly on the European market. Some 99% of the production is exported, mainly to the Netherlands, France and Italy. The three cars the company manufactures are, in essence, the same - these are the Citroën C1, Peugeot 107 and Toyota Aygo. As seen from the charts, the company has been getting under an increasing pressure from a cheaper competition. Production and sales of its cars as well as its market share on the key markets have declined in between 2010-2013, a trend only broken in 2014 with a launch of new models.
TPCA Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 1.82% a year during that time to total of CZK 1,652 mil in 2017, or 4.53% of sales. That’s compared to 5.04% average margin seen in last five years.
The company netted CZK 255 mil in 2017 implying ROE of 4.19% and ROCE of 4.95%. Again, the average figures were 3.92% and 3.90%, respectively when looking at the previous 5 years.
TPCA Czech Republic’s net debt amounted to CZK -1,842 mil at the end of 2017, or -31.4% of equity. When compared to EBITDA, net debt was -1.11x, down when compared to average of -0.628x seen in the last 5 years.
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