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BENET Automotive

BENET Automotive's net profit fell 268% yoy to CZK -39.5 mil in 2023

By Helgi Library - April 22, 2025

BENET Automotive made a net profit of CZK -39.5 mil with revenues of CZK 1,035 mil in 2023, down by 268% and up by 45.6...

BENET Automotive's Capital Expenditures fell 171% yoy to CZK 522 mil in 2023

By Helgi Library - April 21, 2025

BENET Automotive invested a total of CZK 522 mil in 2023, up 171% compared to the previous year. Historically, between 2...

BENET Automotive's Net Debt/EBITDA fell 41.8% yoy to 9.97 in 2023

By Helgi Library - April 22, 2025

BENET Automotive's net debt stood at CZK 847 mil and accounted for 406% of equity at the end of 2023. The ratio is up 15...

Profit Statement 2021 2022 2023
Sales CZK mil 760 711 1,035
Gross Profit CZK mil 183 95.2 340
EBITDA CZK mil 36.9 36.9 84.9
EBIT CZK mil 9.77 9.77 33.5
Financing Cost CZK mil 2.52 6.56 26.5
Pre-Tax Profit CZK mil 23.9 23.9 -39.5
Net Profit CZK mil 23.5 23.5 -39.5
Balance Sheet 2021 2022 2023
Total Assets CZK mil 824 1,073 1,580
Non-Current Assets CZK mil 541 710 1,088
Current Assets CZK mil 326 359 485
Working Capital CZK mil 237 261 312
Shareholders' Equity CZK mil 304 250 209
Liabilities CZK mil 520 823 1,371
Total Debt CZK mil 403 644 881
Net Debt CZK mil 303 632 847
Ratios 2021 2022 2023
ROE % 7.51 8.49 -17.2
ROCE % 3.11 2.69 -3.33
Gross Margin % 24.1 13.4 32.9
EBITDA Margin % 4.85 5.19 8.21
EBIT Margin % 1.29 1.37 3.24
Net Margin % 3.09 3.31 -3.81
Net Debt/EBITDA 8.21 17.1 9.97
Net Debt/Equity % 99.6 253 406
Cost of Financing % 0.756 1.25 3.48
Cash Flow 2021 2022 2023
Total Cash From Operations CZK mil 20.8 70.7 124
Total Cash From Investing CZK mil -129 -192 -346
Total Cash From Financing CZK mil 138 235 243
Net Change In Cash CZK mil 29.4 114 21.4
Cash Conversion Cycle days 127 142 129
Cash Earnings CZK mil 50.7 50.7 12.0
Free Cash Flow CZK mil -109 -121 -222

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overview Unit 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
income statement                            
Sales CZK mil               1,028 956 746 760 760    
Gross Profit CZK mil               293 273 150 187 183    
EBIT CZK mil               22.8 7.93 -103 -42.3 9.77    
Net Profit CZK mil ... ... ... ... ... ...   24.1 -1.18 -111 -41.4 23.5    
                               
ROE %               12.4 -0.613 -89.1 -21.1 7.51    
EBIT Margin %               2.22 0.829 -13.8 -5.57 1.29    
Net Margin %               2.35 -0.124 -14.9 -5.45 3.09    
Employees               426 401 341 326 293    
balance sheet                            
Total Assets CZK mil               846 751 732 768 824    
Non-Current Assets CZK mil               375 381 376 439 541    
Current Assets CZK mil               441 368 352 354 326    
                               
Shareholders' Equity CZK mil               207 179 71.1 322 304    
Liabilities CZK mil               639 572 661 446 520    
Non-Current Liabilities CZK mil               308 304 2.71 0.815 0.815    
Current Liabilities CZK mil               270 238 574 379 491    
                               
Net Debt/EBITDA               2.36 2.64 -4.52 -9.02 8.21    
Net Debt/Equity %               58.9 59.0 535 58.4 99.6    
Cost of Financing % ... ... ... ... ... ... ... 2.00 2.81 2.49 0.684 0.756    
cash flow                            
Total Cash From Operations CZK mil ... ... ... ... ... ...   27.9 -21.6 -34.0 -1.25 20.8    
Total Cash From Investing CZK mil ... ... ... ... ... ...   -36.4 -28.6 -1.89 -96.7 -129    
Total Cash From Financing CZK mil ... ... ... ... ... ...   105 30.3 12.4 87.5 138    
Net Change In Cash CZK mil ... ... ... ... ... ...   96.4 -20.0 -23.5 -10.5 29.4    
income statement Unit 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
income statement                            
Sales CZK mil               1,028 956 746 760 760    
Cost of Goods & Services CZK mil               734 683 597 574 577    
Gross Profit CZK mil               293 273 150 187 183    
Staff Cost CZK mil               232 221 228 209 209    
Other Operating Cost (Income) CZK mil               9.56 11.9 5.89 -1.38 -62.6    
EBITDA CZK mil               51.5 40.1 -84.2 -20.9 36.9    
Depreciation CZK mil ... ... ... ... ... ...   28.7 32.2 19.0 21.5 27.1    
EBIT CZK mil               22.8 7.93 -103 -42.3 9.77    
Net Financing Cost CZK mil               -9.74 7.53 5.86 -0.894 -14.1    
Financing Cost CZK mil ... ... ... ... ... ... ... 5.56 7.32 8.93 2.52 2.52    
Financing Income CZK mil ... ... ... ... ... ... ... 1.94 2.07 2.39 2.82 3.18    
Extraordinary Cost CZK mil               0 0 0 -100 0    
Pre-Tax Profit CZK mil               32.6 0.406 -109 59.0 23.9    
Tax CZK mil               8.43 1.59 2.49 100 0.394    
Minorities CZK mil               0 0 0 0 0    
Net Profit CZK mil ... ... ... ... ... ...   24.1 -1.18 -111 -41.4 23.5    
Net Profit Avail. to Common CZK mil               24.1 -1.18 -111 -41.4 23.5    
growth rates                            
Total Revenue Growth % ...             25.2 -6.97 -21.9 1.86 0    
Staff Cost Growth % ...             25.3 -4.76 3.06 -8.41 0    
EBITDA Growth % ...             -53.1 -22.2 -310 -75.2 -277    
EBIT Growth % ...             -72.2 -65.3 -1,401 -59.0 -123    
Pre-Tax Profit Growth % ...             -57.5 -98.8 -26,948 -154 -59.4    
Net Profit Growth % ...             -59.5 -105 9,324 -62.8 -157    
ratios                            
ROE %               12.4 -0.613 -89.1 -21.1 7.51    
ROA %               2.85 -0.148 -15.0 -5.53 2.96    
ROCE % ...             4.16 -0.209 -18.7 -6.09 3.11    
Gross Margin %               28.6 28.6 20.1 24.6 24.1    
EBITDA Margin %               5.01 4.19 -11.3 -2.74 4.85    
EBIT Margin %               2.22 0.829 -13.8 -5.57 1.29    
Net Margin %               2.35 -0.124 -14.9 -5.45 3.09    
Cost of Financing % ... ... ... ... ... ... ... 2.00 2.81 2.49 0.684 0.756    
Net Debt/EBITDA               2.36 2.64 -4.52 -9.02 8.21    
balance sheet Unit 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
balance sheet                            
Cash & Cash Equivalents CZK mil               116 95.6 43.9 20.3 39.3    
Receivables CZK mil               175 120 119 152 152    
Inventories CZK mil               151 153 190 203 143    
Other ST Assets CZK mil               0 0 0 -20.9 -8.08    
Current Assets CZK mil               441 368 352 354 326    
Property, Plant & Equipment CZK mil               333 335 324 379 477    
LT Investments & Receivables CZK mil               38.3 43.4 48.6 56.1 60.8    
Intangible Assets CZK mil               2.72 2.29 3.59 3.22 3.22    
Goodwill CZK mil               0 0 0 0 0    
Non-Current Assets CZK mil               375 381 376 439 541    
Total Assets CZK mil               846 751 732 768 824    
                               
Trade Payables CZK mil               141 82.8 59.8 57.9 57.9    
Short-Term Debt CZK mil               90.2 121 473 265 403    
Other ST Liabilities CZK mil               38.9 34.2 41.3 56.0 29.6    
Current Liabilities CZK mil               270 238 574 379 491    
Long-Term Debt CZK mil               185 124 0 0 0    
Other LT Liabilities CZK mil               123 181 2.71 0.815 0.815    
Non-Current Liabilities CZK mil               308 304 2.71 0.815 0.815    
Liabilities CZK mil               639 572 661 446 520    
Equity Before Minority Interest CZK mil               207 179 71.1 322 304    
Minority Interest CZK mil               0 0 0 0 0    
Equity CZK mil               207 179 71.1 322 304    
growth rates                            
Total Asset Growth % ...             0 -11.2 -2.58 5.01 7.24    
Shareholders' Equity Growth % ...             13.2 -13.4 -60.3 353 -5.58    
Net Debt Growth % ...             -25.8 -13.1 260 -50.5 60.9    
Total Debt Growth % ...             -1.47 -11.2 93.4 -44.1 52.3    
ratios                            
Total Debt CZK mil               276 245 473 265 403    
Net Debt CZK mil               122 106 381 188 303    
Working Capital CZK mil               185 190 249 297 237    
Capital Employed CZK mil               559 571 625 736 779    
Net Debt/Equity %               58.9 59.0 535 58.4 99.6    
Current Ratio               1.63 1.55 0.614 0.936 0.665    
Quick Ratio               1.08 0.905 0.283 0.456 0.390    
cash flow Unit 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
cash flow                            
Net Profit CZK mil ... ... ... ... ... ...   24.1 -1.18 -111 -41.4 23.5    
Depreciation CZK mil ... ... ... ... ... ...   28.7 32.2 19.0 21.5 27.1    
Non-Cash Items CZK mil ... ... ... ... ... ...   -68.6 -47.5 118 67.0 -89.5    
Change in Working Capital CZK mil ... ... ... ... ... ...   43.7 -5.13 -59.1 -48.2 59.6    
Total Cash From Operations CZK mil ... ... ... ... ... ...   27.9 -21.6 -34.0 -1.25 20.8    
                               
Capital Expenditures CZK mil ... ... ... ... ... ...   -66.0 -34.5 -1.91 -102 -133    
Other Investing Activities CZK mil ... ... ... ... ... ...   29.5 5.81 0.019 4.84 3.04    
Total Cash From Investing CZK mil ... ... ... ... ... ...   -36.4 -28.6 -1.89 -96.7 -129    
                               
Dividends Paid CZK mil ... ... ... ... ... ... ... ... ... 0 0 0    
Issuance Of Shares CZK mil ... ... ... ... ... ... ... ... ... 0 0 0    
Issuance Of Debt CZK mil ... ... ... ... ... ...   -4.10 -30.8 229 -209 138    
Other Financing Activities CZK mil ... ... ... ... ... ... ... ... ... -214 393 129    
Total Cash From Financing CZK mil ... ... ... ... ... ...   105 30.3 12.4 87.5 138    
Net Change In Cash CZK mil ... ... ... ... ... ...   96.4 -20.0 -23.5 -10.5 29.4    
ratios                            
Days Sales Outstanding days               62.0 45.7 58.0 73.1 73.1    
Days Sales Of Inventory days               74.9 81.7 116 129 90.5    
Days Payable Outstanding days               70.0 44.2 36.6 36.8 36.6    
Cash Conversion Cycle days               66.9 83.1 138 165 127    
Cash Earnings CZK mil               52.8 31.0 -92.5 -20.0 50.7    
Free Cash Flow CZK mil ... ... ... ... ... ...   -8.56 -50.3 -35.9 -98.0 -109    
Capital Expenditures (As % of Sales) % ... ... ... ... ... ...   6.42 3.60 0.256 13.4 17.4    
other ratios Unit 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
                             
Employees               426 401 341 326 293    
Cost Per Employee USD per month               1,938 2,102 2,473 2,427 2,742    
Cost Per Employee (Local Currency) CZK per month               45,464 45,998 55,749 53,411 59,426    
Staff Cost (As % of Sales) %               22.6 23.1 30.6 27.5 27.5    
Effective Tax Rate %               25.9 391 -2.28 170 1.65    
Total Revenue Growth (5-year average) % ... ... ... ... ...     14.1 12.3 3.80 4.40 -1.53    
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ... 13.4 7.63    

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BENET Automotive's ROCE fell 224% yoy to -3.33% in 2023

By Helgi Library - April 22, 2025

BENET Automotive made a net profit of CZK -39.5 mil in 2023, down 268% compared to the previous year. Historically, between 2016 and 2023, the company's net profit reached a high of CZK 59.6 mil in 2016 and a low of CZK -111 mil in 2019. The result implie...

BENET Automotive's Cash & Cash Equivalents rose 187% yoy to CZK 32.9 mil in 2023

By Helgi Library - April 22, 2025

BENET Automotive's total assets reached CZK 1,580 mil at the end of 2023, up 47.2% compared to the previous year. Current assets amounted to CZK 485 mil, or 30.7% of total assets while cash stood at CZK 32.9 mil at the end of 2023. ...

BENET Automotive's net profit fell 112% yoy to CZK -1.18 mil in 2018

By Helgi Library - September 18, 2020

BENET Automotive made a net profit of CZK -1.18 mil in 2018, down 112% compared to the previous year. Total sales reached CZK 956 mil, which is down 6.49% when compared to the previous year. Historically, between 2010 and 2018, the company’s net pr...

BENET Automotive's employees fell 5.87% yoy to 401 in 2018

By Helgi Library - September 18, 2020

BENET Automotive employed 401 employees in 2018, down 5.87% compared to the previous year. Historically, between 2010 and 2018, the firm's workforce hit a high of 426 employees in 2017 and a low of 123 employees in 2010. Average personnel cost stood ...

BENET Automotive's Net Margin fell 113% yoy to -0.124% in 2018

By Helgi Library - September 18, 2020

BENET Automotive made a net profit of CZK -1.18 mil with revenues of CZK 956 mil in 2018, down by 112% and down by 6.49%, respectively, compared to the previous year. This translates into a net margin of -0.124%. Historically, between 2010 and 2018, ...

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Benet Automotive is an automotive composite and component supplier in the Czech Republic. The company uses injection moulding PUR RIP (Rapid Injection Moulding) technology, slow and fast injection of PUR and injection of thermoplastics (PP, ABS, PA, etc.) and provides painting of parts in both automatic and manual applications in a single layer and three-layer concept. The company was established in 2000 and is based in Mlada Boleslav, the Czech Republic.

Finance

BENET Automotive 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 2023, or of sales. That’s compared to % average margin seen in last five years.

The company netted in 2023 implying ROE of and ROCE of . Again, the average figures were % and %, respectively when looking at the previous 5 years.

BENET Automotive’s net debt amounted to at the end of 2023, or of equity. When compared to EBITDA, net debt was x, up when compared to average of x seen in the last 5 years.

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