By Helgi Library - April 2, 2020
Zetor Tractors's total assets reached CZK 2,461 mil at the end of 2017, up 1.57% compared to the previous year. Cu...
By Helgi Library - April 2, 2020
Zetor Tractors's total assets reached CZK 2,461 mil at the end of 2017, up 1.57% compared to the previous year. Cu...
Profit Statement | 2015 | 2016 | 2017 | |
Sales | CZK mil | 3,644 | 3,186 | 2,924 |
Gross Profit | CZK mil | 621 | 663 | 302 |
EBITDA | CZK mil | 253 | 235 | 128 |
EBIT | CZK mil | 134 | 96.1 | 4.36 |
Financing Cost | CZK mil | -9.82 | -3.91 | -112 |
Pre-Tax Profit | CZK mil | 144 | 102 | 117 |
Net Profit | CZK mil | 119 | 84.4 | 115 |
Balance Sheet | 2015 | 2016 | 2017 | |
Total Assets | CZK mil | 2,812 | 2,423 | 2,461 |
Non-Current Assets | CZK mil | 1,287 | 1,150 | 966 |
Current Assets | CZK mil | 1,516 | 1,223 | 1,412 |
Working Capital | CZK mil | 772 | 894 | 970 |
Shareholders' Equity | CZK mil | 1,476 | 1,420 | 1,369 |
Liabilities | CZK mil | 1,337 | 1,003 | 1,092 |
Total Debt | CZK mil | 606 | 377 | 372 |
Net Debt | CZK mil | 589 | 372 | 361 |
Ratios | 2015 | 2016 | 2017 | |
ROE | % | 8.11 | 5.83 | 8.25 |
ROCE | % | 5.43 | 4.12 | 5.78 |
Gross Margin | % | 17.1 | 20.8 | 10.3 |
EBITDA Margin | % | 6.96 | 7.38 | 4.39 |
EBIT Margin | % | 3.67 | 3.02 | 0.149 |
Net Margin | % | 3.27 | 2.65 | 3.94 |
Net Debt/EBITDA | 2.32 | 1.58 | 2.81 | |
Net Debt/Equity | % | 39.9 | 26.2 | 26.4 |
Cost of Financing | % | -1.31 | -0.796 | -30.1 |
Cash Flow | 2015 | 2016 | 2017 | |
Total Cash From Operations | CZK mil | 575 | ... | ... |
Total Cash From Investing | CZK mil | -251 | ... | ... |
Total Cash From Financing | CZK mil | -366 | ... | ... |
Net Change In Cash | CZK mil | -41.6 | ... | ... |
Cash Conversion Cycle | days | 82.7 | 110 | 125 |
Cash Earnings | CZK mil | 239 | 223 | 239 |
Free Cash Flow | CZK mil | 324 | ... | ... |
Get all company financials in excel:
summary | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
income statement | |||||||||||||
Sales | CZK mil | 2,778 | 3,840 | 3,912 | 4,178 | 3,644 | |||||||
Gross Profit | CZK mil | 488 | 800 | 845 | 763 | 621 | |||||||
EBIT | CZK mil | 195 | 376 | 347 | 267 | 134 | |||||||
Net Profit | CZK mil | 124 | 279 | 284 | 225 | 119 | |||||||
ROE | % | 19.3 | 30.4 | 23.7 | 16.0 | 8.11 | |||||||
EBIT Margin | % | 7.04 | 9.80 | 8.87 | 6.39 | 3.67 | |||||||
Net Margin | % | 4.46 | 7.26 | 7.27 | 5.40 | 3.27 | |||||||
Employees | ... | ... | 776 | 848 | 837 | 765 | 673 | ||||||
balance sheet | |||||||||||||
Total Assets | CZK mil | 2,401 | 2,486 | 2,228 | 2,898 | 2,812 | |||||||
Non-Current Assets | CZK mil | 1,245 | 1,201 | 1,200 | 1,181 | 1,287 | |||||||
Current Assets | CZK mil | 1,127 | 1,256 | 1,001 | 1,705 | 1,516 | |||||||
Shareholders' Equity | CZK mil | 781 | 1,053 | 1,345 | 1,469 | 1,476 | |||||||
Liabilities | CZK mil | 1,621 | 1,434 | 883 | 1,430 | 1,337 | |||||||
Non-Current Liabilities | CZK mil | 301 | 293 | 277 | 475 | 0 | |||||||
Current Liabilities | CZK mil | 637 | 639 | 437 | 601 | 772 | |||||||
Net Debt/EBITDA | 1.66 | 0.734 | 0.673 | 2.10 | 2.32 | ||||||||
Net Debt/Equity | % | 68.4 | 34.2 | 23.6 | 56.6 | 39.9 | |||||||
Cost of Financing | % | ... | 6.91 | 8.64 | 0.613 | -1.32 | -1.31 | ||||||
cash flow | |||||||||||||
Total Cash From Operations | CZK mil | ... | ... | 294 | 290 | 417 | -292 | 575 | ... | ... | |||
Total Cash From Investing | CZK mil | ... | ... | -105 | -100 | -71.6 | -116 | -251 | ... | ... | |||
Total Cash From Financing | CZK mil | ... | ... | -218 | -255 | -318 | 400 | -366 | ... | ... | |||
Net Change In Cash | CZK mil | ... | ... | -29.0 | -65.3 | 27.3 | -8.60 | -41.6 | ... | ... |
income statement | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
income statement | |||||||||||||
Sales | CZK mil | 2,778 | 3,840 | 3,912 | 4,178 | 3,644 | |||||||
Cost of Goods & Services | CZK mil | 2,289 | 3,040 | 3,067 | 3,415 | 3,023 | |||||||
Gross Profit | CZK mil | 488 | 800 | 845 | 763 | 621 | |||||||
Staff Cost | CZK mil | ... | 323 | 394 | 367 | 380 | 350 | ||||||
Other Cost | CZK mil | ... | -156 | -84.8 | 6.10 | -12.9 | 17.6 | ||||||
EBITDA | CZK mil | 321 | 491 | 472 | 396 | 253 | |||||||
Depreciation | CZK mil | 126 | 115 | 125 | 129 | 120 | |||||||
EBIT | CZK mil | 195 | 376 | 347 | 267 | 134 | |||||||
Financing Cost | CZK mil | 52.3 | 43.4 | 2.40 | -8.41 | -9.82 | |||||||
Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||
Pre-Tax Profit | CZK mil | 143 | 333 | 345 | 275 | 144 | |||||||
Tax | CZK mil | 19.2 | 54.4 | 60.4 | 49.9 | 24.3 | |||||||
Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||
Net Profit | CZK mil | 124 | 279 | 284 | 225 | 119 | |||||||
growth rates | |||||||||||||
Total Revenue Growth | % | ... | 4.73 | 38.3 | 1.87 | 6.78 | -12.8 | ||||||
Operating Cost Growth | % | ... | ... | -22.4 | 85.3 | 20.7 | -1.65 | 0.223 | |||||
EBITDA Growth | % | ... | 17.9 | 52.8 | -3.88 | -16.1 | -36.0 | ||||||
EBIT Growth | % | ... | 55.6 | 92.6 | -7.79 | -23.1 | -49.9 | ||||||
Pre-Tax Profit Growth | % | ... | 77.8 | 133 | 3.50 | -20.2 | -47.8 | ||||||
Net Profit Growth | % | ... | 53.8 | 125 | 2.03 | -20.7 | -47.1 | ||||||
ratios | |||||||||||||
ROE | % | 19.3 | 30.4 | 23.7 | 16.0 | 8.11 | |||||||
ROCE | % | ... | ... | 6.97 | 15.3 | 16.0 | 11.2 | 5.43 | |||||
Gross Margin | % | 17.6 | 20.8 | 21.6 | 18.3 | 17.1 | |||||||
EBITDA Margin | % | 11.6 | 12.8 | 12.1 | 9.48 | 6.96 | |||||||
EBIT Margin | % | 7.04 | 9.80 | 8.87 | 6.39 | 3.67 | |||||||
Net Margin | % | 4.46 | 7.26 | 7.27 | 5.40 | 3.27 | |||||||
Cost of Financing | % | ... | 6.91 | 8.64 | 0.613 | -1.32 | -1.31 | ||||||
Net Debt/EBITDA | 1.66 | 0.734 | 0.673 | 2.10 | 2.32 |
balance sheet | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
balance sheet | |||||||||||||
Non-Current Assets | CZK mil | 1,245 | 1,201 | 1,200 | 1,181 | 1,287 | |||||||
Property, Plant & Equipment | CZK mil | 802 | 765 | 733 | 710 | 804 | |||||||
Intangible Assets | CZK mil | ... | 7.68 | 12.7 | 27.4 | 38.4 | 46.6 | ||||||
Current Assets | CZK mil | 1,127 | 1,256 | 1,001 | 1,705 | 1,516 | |||||||
Inventories | CZK mil | ... | 404 | 564 | 420 | 1,011 | 844 | ||||||
Receivables | CZK mil | 653 | 652 | 409 | 541 | 515 | |||||||
Cash & Cash Equivalents | CZK mil | 70.2 | 39.7 | 66.9 | 58.2 | 17.1 | |||||||
Total Assets | CZK mil | 2,401 | 2,486 | 2,228 | 2,898 | 2,812 | |||||||
Shareholders' Equity | CZK mil | 781 | 1,053 | 1,345 | 1,469 | 1,476 | |||||||
Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||
Liabilities | CZK mil | 1,621 | 1,434 | 883 | 1,430 | 1,337 | |||||||
Non-Current Liabilities | CZK mil | 301 | 293 | 277 | 475 | 0 | |||||||
Long-Term Debt | CZK mil | 479 | 333 | 277 | 475 | 0 | |||||||
Current Liabilities | CZK mil | 637 | 639 | 437 | 601 | 772 | |||||||
Short-Term Debt | CZK mil | 125 | 66.7 | 108 | 414 | 606 | |||||||
Trade Payables | CZK mil | 512 | 564 | 332 | 395 | 587 | |||||||
Provisions | CZK mil | ... | 71.1 | 95.1 | 94.7 | 99.2 | 72.2 | ||||||
Equity And Liabilities | CZK mil | 2,401 | 2,486 | 2,228 | 2,898 | 2,812 | |||||||
growth rates | |||||||||||||
Total Asset Growth | % | ... | 13.3 | 3.53 | -10.4 | 30.1 | -2.96 | ||||||
Shareholders' Equity Growth | % | ... | 55.6 | 34.8 | 27.8 | 9.17 | 0.492 | ||||||
Net Debt Growth | % | ... | -38.5 | -32.5 | -11.9 | 162 | -29.1 | ||||||
Total Debt Growth | % | ... | ... | -33.5 | -33.8 | -3.88 | 131 | -31.9 | |||||
ratios | |||||||||||||
Total Debt | CZK mil | 604 | 400 | 384 | 889 | 606 | |||||||
Net Debt | CZK mil | 534 | 360 | 318 | 831 | 589 | |||||||
Working Capital | CZK mil | ... | 545 | 652 | 497 | 1,156 | 772 | ||||||
Capital Employed | CZK mil | ... | 1,790 | 1,854 | 1,697 | 2,337 | 2,059 | ||||||
Net Debt/Equity | % | 68.4 | 34.2 | 23.6 | 56.6 | 39.9 | |||||||
Cost of Financing | % | ... | 6.91 | 8.64 | 0.613 | -1.32 | -1.31 |
cash flow | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
cash flow | |||||||||||||
Net Profit | CZK mil | 124 | 279 | 284 | 225 | 119 | |||||||
Depreciation | CZK mil | 126 | 115 | 125 | 129 | 120 | |||||||
Non-Cash Items | CZK mil | ... | ... | 115 | 3.65 | -148 | 12.8 | -48.0 | ... | ... | |||
Change in Working Capital | CZK mil | ... | ... | -70.6 | -107 | 156 | -660 | 384 | ... | ... | |||
Total Cash From Operations | CZK mil | ... | ... | 294 | 290 | 417 | -292 | 575 | ... | ... | |||
Capital Expenditures | CZK mil | ... | ... | ... | ... | ... | ... | ... | -82.9 | -128 | -246 | ... | ... |
Other Investments | CZK mil | ... | ... | ... | ... | ... | ... | ... | 11.3 | 11.6 | -4.11 | ... | ... |
Total Cash From Investing | CZK mil | ... | ... | -105 | -100 | -71.6 | -116 | -251 | ... | ... | |||
Issuance Of Debt | CZK mil | ... | ... | -305 | -204 | -15.5 | 505 | -283 | ... | ... | |||
Total Cash From Financing | CZK mil | ... | ... | -218 | -255 | -318 | 400 | -366 | ... | ... | |||
Net Change In Cash | CZK mil | ... | ... | -29.0 | -65.3 | 27.3 | -8.60 | -41.6 | ... | ... | |||
ratios | |||||||||||||
Days Sales Outstanding | days | 85.8 | 62.0 | 38.2 | 47.2 | 51.6 | |||||||
Days Sales Of Inventory | days | ... | 64.5 | 67.7 | 50.0 | 108 | 102 | ||||||
Days Payable Outstanding | days | 81.6 | 67.7 | 39.5 | 42.2 | 70.9 | |||||||
Cash Conversion Cycle | days | ... | 68.6 | 62.0 | 48.6 | 113 | 82.7 | ||||||
Cash Earnings | CZK mil | 250 | 393 | 409 | 355 | 239 | |||||||
Free Cash Flow | CZK mil | ... | ... | 189 | 189 | 345 | -408 | 324 | ... | ... |
other data | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
other data | |||||||||||||
ROA | % | 5.48 | 11.4 | 12.1 | 8.79 | 4.18 | |||||||
Gross Margin | % | 17.6 | 20.8 | 21.6 | 18.3 | 17.1 | |||||||
Employees | ... | ... | 776 | 848 | 837 | 765 | 673 | ||||||
Cost Per Employee | USD per month | ... | ... | 1,958 | 1,979 | 1,868 | 1,936 | 1,817 | |||||
Cost Per Employee (Local Currency) | CZK per month | ... | ... | 34,634 | 38,714 | 36,544 | 41,383 | 43,363 | |||||
Staff Cost (As % Of Total Cost) | % | ... | 12.5 | 11.4 | 10.3 | 9.71 | 9.98 | ||||||
Effective Tax Rate | % | 13.4 | 16.3 | 17.5 | 18.1 | 16.9 | |||||||
Capital Expenditures (As % of Sales) | % | ... | ... | ... | ... | ... | ... | ... | 2.12 | 3.06 | 6.76 | ... | ... |
Revenues From Abroad | CZK mil | ... | ... | ... | ... | ... | 2,663 | 3,699 | 3,426 | 3,119 | 3,032 | ||
Revenues From Abroad (As % Of Total) | % | ... | ... | ... | ... | ... | 95.9 | 96.3 | 87.6 | 74.6 | 83.2 | ||
Production of Vehicles | vehicles | ... | 3,919 | 4,929 | 4,634 | 4,234 | 3,905 | ||||||
Production of Vehicles (Czech Republic) | vehicles | ... | 3,919 | 4,929 | 4,634 | 4,234 | 3,905 | ||||||
Domestic Production (As % Of Total) | % | ... | 100 | 100 | 100 | 100 | 100 | ||||||
Sales of Vehicles | vehicles | ... | 3,910 | 4,926 | 4,667 | 4,178 | 3,773 | ||||||
Price Per Vehicle Sold | CZK | ... | 710,376 | 779,615 | 838,284 | 999,925 | 965,764 | ||||||
EBIT Per Vehicle Sold | CZK | ... | 49,989 | 76,427 | 74,388 | 63,878 | 35,464 | ||||||
Net Profit Per Vehicle Sold | CZK | ... | 31,704 | 56,581 | 60,932 | 53,957 | 31,627 | ||||||
Price Per Vehicle Sold (USD) | USD | ... | 40,166 | 39,857 | 42,846 | 46,786 | 40,461 | ||||||
EBIT Per Vehicle Sold (USD) | USD | ... | 2,826 | 3,907 | 3,802 | 2,989 | 1,486 | ||||||
Net Profit Per Vehicle Sold (USD) | USD | ... | 1,793 | 2,893 | 3,114 | 2,525 | 1,325 |
Get all company financials in excel:
Zetor is a tractor manufacturing company from Brno, in the Czech Republic. The town has had a metal works since at least the mid-1800s. The name "Zetor" came by merging the popular "Zet", from the logo of the Zbrojovka Brno arms factory (Zetor's owner until 1990) where the first tractor Z 25 was released in 1945, and the last two letters of the word tractor - "or". Zetor was an early developer in four-cylinder diesel engines, diesel injection, factory-built cabs, and mechanical front-wheel drive (MFWD). Because of this, and their low cost, Zetor tractors were exported through the world. While Zetor is a Czech company, versions of its tractors are assembled in numerous countries including Argentina, Burma, India, Iraq, Uruguay and Zaire. In the year 2002, Slovak HTC holding became the main owner of the company
Zetor Tractors has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 23.6% a year during that time to total of CZK 128 mil in 2017, or 4.39% of sales. That’s compared to 8.05% average margin seen in last five years.
The company netted CZK 115 mil in 2017 implying ROE of 8.25% and ROCE of 5.78%. Again, the average figures were 12.4% and 8.50%, respectively when looking at the previous 5 years.
Zetor Tractors’s net debt amounted to CZK 361 mil at the end of 2017, or 26.4% of equity. When compared to EBITDA, net debt was 2.81x, up when compared to average of 1.90x seen in the last 5 years.