By Helgi Library - April 2, 2020
Netia's total assets reached PLN 2,689 mil at the end of 2015, down 6.98% compared to the previous year. Current a...
Profit Statement | 2013 | 2014 | 2015 | |
Sales | PLN mil | 1,876 | 1,674 | 1,572 |
Gross Profit | PLN mil | 1,061 | 968 | 908 |
EBITDA | PLN mil | 533 | 582 | 449 |
EBIT | PLN mil | 92.8 | 158 | 27.9 |
Financing Cost | PLN mil | 28.0 | 21.7 | 7.20 |
Pre-Tax Profit | PLN mil | 64.4 | 126 | 20.7 |
Net Profit | PLN mil | 46.3 | 175 | 2.21 |
Dividends | PLN mil | 146 | 209 | ... |
Balance Sheet | 2013 | 2014 | 2015 | |
Total Assets | PLN mil | 2,938 | 2,891 | 2,689 |
Non-Current Assets | PLN mil | 2,621 | 2,408 | 2,399 |
Current Assets | PLN mil | 317 | 483 | 290 |
Working Capital | PLN mil | -37.8 | -76.2 | -41.6 |
Shareholders' Equity | PLN mil | 2,205 | 2,243 | 2,036 |
Liabilities | PLN mil | 733 | 648 | 653 |
Total Debt | PLN mil | 384 | 301 | 335 |
Net Debt | PLN mil | 291 | 93.2 | 252 |
Ratios | 2013 | 2014 | 2015 | |
ROE | % | 2.06 | 7.86 | 0.103 |
ROCE | % | 1.73 | 7.11 | 0.094 |
Gross Margin | % | 56.5 | 57.8 | 57.8 |
EBITDA Margin | % | 28.4 | 34.7 | 28.6 |
EBIT Margin | % | 4.94 | 9.42 | 1.78 |
Net Margin | % | 2.47 | 10.4 | 0.141 |
Net Debt/EBITDA | 0.546 | 0.160 | 0.562 | |
Net Debt/Equity | 0.132 | 0.042 | 0.124 | |
Cost of Financing | % | 5.99 | 6.32 | 2.27 |
Valuation | 2013 | 2014 | 2015 | |
Market Capitalisation | USD mil | 620 | 550 | 483 |
Enterprise Value (EV) | USD mil | 717 | 576 | 548 |
Number Of Shares | mil | 355 | 349 | 349 |
Share Price | PLN | 5.27 | 5.58 | 5.40 |
EV/EBITDA | 4.25 | 3.25 | 4.54 | |
EV/Sales | 1.21 | 1.13 | 1.30 | |
Price/Earnings (P/E) | 40.4 | 11.1 | 853 | |
Price/Book Value (P/BV) | 0.848 | 0.868 | 0.926 | |
Dividend Yield | % | 7.82 | 10.7 | ... |
Get all company financials in excel:
summary | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
income statement | ||||||||||||||||||
Sales | PLN mil | 1,506 | 1,569 | 1,619 | 2,121 | 1,876 | ||||||||||||
Gross Profit | PLN mil | 1,207 | 1,269 | 1,310 | 1,137 | 1,061 | ||||||||||||
EBIT | PLN mil | -7.71 | 43.4 | 69.6 | -21.0 | 92.8 | ||||||||||||
Net Profit | PLN mil | 88.7 | 264 | 249 | -87.7 | 46.3 | ||||||||||||
ROE | % | 4.49 | 12.2 | 10.4 | -3.66 | 2.06 | ||||||||||||
EBIT Margin | % | -0.512 | 2.76 | 4.30 | -0.988 | 4.94 | ||||||||||||
Net Margin | % | 5.89 | 16.8 | 15.4 | -4.13 | 2.47 | ||||||||||||
Employees | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 231 | ... | ... | ... | ... | ... | ||
balance sheet | ||||||||||||||||||
Total Assets | PLN mil | 2,342 | 2,569 | 3,553 | 3,233 | 2,938 | ||||||||||||
Non-Current Assets | PLN mil | 1,899 | 1,974 | 3,100 | 2,777 | 2,621 | ||||||||||||
Current Assets | PLN mil | 443 | 595 | 453 | 456 | 317 | ||||||||||||
Shareholders' Equity | PLN mil | 2,026 | 2,298 | 2,500 | 2,296 | 2,205 | ||||||||||||
Liabilities | PLN mil | 315 | 271 | 1,053 | 937 | 733 | ||||||||||||
Non-Current Liabilities | PLN mil | 21.7 | 27.4 | 552 | 451 | 317 | ||||||||||||
Current Liabilities | PLN mil | 294 | 244 | 501 | 486 | 416 | ||||||||||||
Net Debt/EBITDA | -0.630 | -0.511 | 1.42 | 0.884 | 0.546 | |||||||||||||
Net Debt/Equity | -0.090 | -0.076 | 0.215 | 0.178 | 0.132 | |||||||||||||
Cost of Financing | % | ... | ... | ... | ... | ... | 84.9 | 225 | 0.088 | 6.01 | 5.99 | |||||||
cash flow | ||||||||||||||||||
Total Cash From Operations | PLN mil | ... | ... | 331 | 386 | 380 | 541 | 575 | ||||||||||
Total Cash From Investing | PLN mil | ... | ... | -303 | -289 | -1,073 | -270 | -279 | ||||||||||
Total Cash From Financing | PLN mil | ... | ... | -7.04 | -7.93 | 645 | -304 | -327 | ||||||||||
Net Change In Cash | PLN mil | ... | ... | 20.8 | 89.0 | -48.0 | -32.6 | -30.6 | ||||||||||
valuation | ||||||||||||||||||
Market Capitalisation | USD mil | ... | ... | ... | ... | 667 | 690 | 602 | 524 | 620 | ||||||||
Number Of Shares | mil | ... | ... | ... | ... | 390 | 393 | 391 | 379 | 355 | ||||||||
Share Price | PLN | ... | ... | ... | ... | 4.90 | 5.20 | 5.30 | 4.28 | 5.27 | ||||||||
Earnings Per Share (EPS) | PLN | ... | ... | ... | ... | 0.228 | 0.672 | 0.636 | -0.231 | 0.131 | ||||||||
Book Value Per Share | PLN | ... | ... | ... | ... | 5.20 | 5.85 | 6.39 | 6.06 | 6.22 | ||||||||
Dividend Per Share | PLN | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0.412 | ... | |||||||
Price/Earnings (P/E) | ... | ... | ... | ... | 21.5 | 7.74 | 8.34 | -18.5 | 40.4 | |||||||||
Price/Book Value (P/BV) | ... | ... | ... | ... | 0.942 | 0.889 | 0.830 | 0.706 | 0.848 | |||||||||
Dividend Yield | % | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 7.82 | ... | |||||||
Earnings Per Share Growth | % | ... | ... | ... | ... | ... | -61.6 | 195 | -5.37 | -136 | -156 | |||||||
Book Value Per Share Growth | % | ... | ... | ... | ... | ... | 4.95 | 12.5 | 9.24 | -5.17 | 2.62 |
income statement | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
income statement | ||||||||||||||||||
Sales | PLN mil | 1,506 | 1,569 | 1,619 | 2,121 | 1,876 | ||||||||||||
Cost of Goods & Services | PLN mil | 299 | 301 | 309 | 985 | 815 | ||||||||||||
Gross Profit | PLN mil | 1,207 | 1,269 | 1,310 | 1,137 | 1,061 | ||||||||||||
Staff Cost | PLN mil | ... | 19.9 | 21.5 | 10.2 | 11.6 | 9.38 | |||||||||||
Other Cost | PLN mil | ... | 897 | 903 | 922 | 664 | 519 | |||||||||||
EBITDA | PLN mil | 291 | 344 | 378 | 462 | 533 | ||||||||||||
Depreciation | PLN mil | 299 | 301 | 309 | 482 | 440 | ||||||||||||
EBIT | PLN mil | -7.71 | 43.4 | 69.6 | -21.0 | 92.8 | ||||||||||||
Financing Cost | PLN mil | 1.86 | 0.425 | 0.307 | 37.5 | 28.0 | ||||||||||||
Extraordinary Cost | PLN mil | -10.7 | -246 | -248 | 2.49 | 0.360 | ||||||||||||
Pre-Tax Profit | PLN mil | 1.13 | 289 | 317 | -60.9 | 64.4 | ||||||||||||
Tax | PLN mil | -87.6 | 24.9 | 68.5 | 26.8 | 18.1 | ||||||||||||
Minorities | PLN mil | 0 | 0 | 0 | 0 | 0 | ||||||||||||
Net Profit | PLN mil | 88.7 | 264 | 249 | -87.7 | 46.3 | ||||||||||||
Dividends | PLN mil | 0 | 0 | 0 | 0 | 146 | ... | |||||||||||
growth rates | ||||||||||||||||||
Total Revenue Growth | % | ... | 34.3 | 4.21 | 3.15 | 31.0 | -11.6 | |||||||||||
Operating Cost Growth | % | ... | ... | 31.0 | 0.885 | 0.776 | -27.5 | -21.8 | ||||||||||
EBITDA Growth | % | ... | 92.4 | 18.3 | 9.96 | 22.0 | 15.4 | |||||||||||
EBIT Growth | % | ... | -93.5 | -663 | 60.4 | -130 | -543 | |||||||||||
Pre-Tax Profit Growth | % | ... | -99.5 | 25,568 | 9.87 | -119 | -206 | |||||||||||
Net Profit Growth | % | ... | -61.5 | 198 | -5.73 | -135 | -153 | |||||||||||
ratios | ||||||||||||||||||
ROE | % | 4.49 | 12.2 | 10.4 | -3.66 | 2.06 | ||||||||||||
ROCE | % | ... | 4.94 | 14.1 | 9.92 | -2.99 | 1.73 | |||||||||||
Gross Margin | % | 80.2 | 80.8 | 80.9 | 53.6 | 56.5 | ||||||||||||
EBITDA Margin | % | 19.3 | 21.9 | 23.4 | 21.8 | 28.4 | ||||||||||||
EBIT Margin | % | -0.512 | 2.76 | 4.30 | -0.988 | 4.94 | ||||||||||||
Net Margin | % | 5.89 | 16.8 | 15.4 | -4.13 | 2.47 | ||||||||||||
Payout Ratio | % | 0 | 0 | 0 | 0 | 316 | ... | |||||||||||
Cost of Financing | % | ... | ... | ... | ... | ... | 84.9 | 225 | 0.088 | 6.01 | 5.99 | |||||||
Net Debt/EBITDA | -0.630 | -0.511 | 1.42 | 0.884 | 0.546 |
balance sheet | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
balance sheet | ||||||||||||||||||
Non-Current Assets | PLN mil | 1,899 | 1,974 | 3,100 | 2,777 | 2,621 | ||||||||||||
Property, Plant & Equipment | PLN mil | 1,387 | 1,476 | 2,185 | 2,066 | 1,957 | ||||||||||||
Intangible Assets | PLN mil | 389 | 389 | 765 | 597 | 538 | ||||||||||||
Goodwill | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 281 | 281 | ||
Current Assets | PLN mil | 443 | 595 | 453 | 456 | 317 | ||||||||||||
Inventories | PLN mil | 3.14 | 11.4 | 5.31 | 2.09 | 2.66 | ||||||||||||
Receivables | PLN mil | 174 | 140 | 256 | 248 | 191 | ||||||||||||
Cash & Cash Equivalents | PLN mil | 184 | 176 | 159 | 143 | 93.4 | ||||||||||||
Total Assets | PLN mil | 2,342 | 2,569 | 3,553 | 3,233 | 2,938 | ||||||||||||
Shareholders' Equity | PLN mil | 2,026 | 2,298 | 2,500 | 2,296 | 2,205 | ||||||||||||
Of Which Minority Interest | PLN mil | 0 | 0 | 0.005 | 0 | 0 | ||||||||||||
Liabilities | PLN mil | 315 | 271 | 1,053 | 937 | 733 | ||||||||||||
Non-Current Liabilities | PLN mil | 21.7 | 27.4 | 552 | 451 | 317 | ||||||||||||
Long-Term Debt | PLN mil | 0 | 0 | 515 | 384 | 257 | ||||||||||||
Deferred Tax Liabilities | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 17.7 | 17.8 | ||
Current Liabilities | PLN mil | 294 | 244 | 501 | 486 | 416 | ||||||||||||
Short-Term Debt | PLN mil | 0.347 | 0.031 | 181 | 166 | 127 | ||||||||||||
Trade Payables | PLN mil | 249 | 207 | 263 | 260 | 232 | ||||||||||||
Equity And Liabilities | PLN mil | 2,342 | 2,569 | 3,553 | 3,233 | 2,938 | ||||||||||||
growth rates | ||||||||||||||||||
Total Asset Growth | % | ... | 2.58 | 9.69 | 38.3 | -9.01 | -9.13 | |||||||||||
Shareholders' Equity Growth | % | ... | 5.07 | 13.4 | 8.83 | -8.16 | -4.00 | |||||||||||
Net Debt Growth | % | ... | -2.90 | -4.09 | -405 | -24.0 | -28.7 | |||||||||||
Total Debt Growth | % | ... | ... | ... | ... | ... | ... | -91.4 | -91.1 | 2,242,410 | -20.8 | -30.2 | ||||||
ratios | ||||||||||||||||||
Total Debt | PLN mil | 0.347 | 0.031 | 695 | 551 | 384 | ||||||||||||
Net Debt | PLN mil | -183 | -176 | 536 | 408 | 291 | ||||||||||||
Working Capital | PLN mil | -72.1 | -55.7 | -2.32 | -9.77 | -37.8 | ||||||||||||
Capital Employed | PLN mil | 1,827 | 1,918 | 3,098 | 2,767 | 2,583 | ||||||||||||
Net Debt/Equity | -0.090 | -0.076 | 0.215 | 0.178 | 0.132 | |||||||||||||
Cost of Financing | % | ... | ... | ... | ... | ... | 84.9 | 225 | 0.088 | 6.01 | 5.99 |
cash flow | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
cash flow | ||||||||||||||||||
Net Profit | PLN mil | 88.7 | 264 | 249 | -87.7 | 46.3 | ||||||||||||
Depreciation | PLN mil | 299 | 301 | 309 | 482 | 440 | ||||||||||||
Non-Cash Items | PLN mil | ... | ... | -6.21 | -162 | -124 | 139 | 60.9 | ||||||||||
Change in Working Capital | PLN mil | ... | ... | -49.9 | -16.4 | -53.4 | 7.45 | 28.0 | ||||||||||
Total Cash From Operations | PLN mil | ... | ... | 331 | 386 | 380 | 541 | 575 | ||||||||||
Capital Expenditures | PLN mil | ... | ... | -238 | -193 | -263 | -263 | -282 | ||||||||||
Other Investments | PLN mil | ... | ... | -65.5 | -95.8 | -810 | -7.53 | 3.06 | ||||||||||
Total Cash From Investing | PLN mil | ... | ... | -303 | -289 | -1,073 | -270 | -279 | ||||||||||
Dividends Paid | PLN mil | ... | ... | 0 | 0 | 0 | 0 | -146 | ... | |||||||||
Issuance Of Debt | PLN mil | ... | ... | -3.68 | -0.316 | 695 | -145 | -167 | ||||||||||
Total Cash From Financing | PLN mil | ... | ... | -7.04 | -7.93 | 645 | -304 | -327 | ||||||||||
Net Change In Cash | PLN mil | ... | ... | 20.8 | 89.0 | -48.0 | -32.6 | -30.6 | ||||||||||
ratios | ||||||||||||||||||
Days Sales Outstanding | days | 42.1 | 32.5 | 57.6 | 42.7 | 37.2 | ||||||||||||
Days Sales Of Inventory | days | 3.84 | 13.8 | 6.28 | 0.776 | 1.19 | ||||||||||||
Days Payable Outstanding | days | 304 | 251 | 311 | 96.4 | 104 | ||||||||||||
Cash Conversion Cycle | days | -258 | -205 | -247 | -52.9 | -65.3 | ||||||||||||
Cash Earnings | PLN mil | 387 | 565 | 558 | 395 | 486 | ||||||||||||
Cash Earnings Per Share | PLN | ... | ... | ... | ... | 0.994 | 1.44 | 1.42 | 1.04 | 1.37 | ||||||||
Price/Cash Earnings (P/CE) | ... | ... | ... | ... | 4.93 | 3.62 | 3.72 | 4.11 | 3.84 | |||||||||
Free Cash Flow | PLN mil | ... | ... | 27.8 | 96.9 | -693 | 271 | 297 | ||||||||||
Free Cash Flow Yield | % | ... | ... | ... | ... | 1.34 | 4.65 | -38.8 | 15.9 | 15.1 |
other data | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
other data | ||||||||||||||||||
ROA | % | 3.84 | 10.7 | 8.13 | -2.58 | 1.50 | ||||||||||||
Gross Margin | % | 80.2 | 80.8 | 80.9 | 53.6 | 56.5 | ||||||||||||
Employees | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 231 | ... | ... | ... | ... | ... | ||
Cost Per Employee | USD per month | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,303 | ... | ... | ... | ... | ... | |
Cost Per Employee (Local Currency) | PLN per month | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7,177 | ... | ... | ... | ... | ... | |
Staff Cost (As % Of Total Cost) | % | ... | 1.31 | 1.41 | 0.661 | 0.541 | 0.526 | |||||||||||
Effective Tax Rate | % | -7,784 | 8.61 | 21.6 | -44.0 | 28.1 | ||||||||||||
Enterprise Value (EV) | USD mil | ... | ... | ... | ... | 603 | 631 | 758 | 656 | 717 | ||||||||
EV/EBITDA | ... | ... | ... | ... | 6.46 | 5.53 | 5.94 | 4.63 | 4.25 | |||||||||
EV/Capital Employed | ... | ... | ... | ... | 0.945 | 0.973 | 0.843 | 0.734 | 0.836 | |||||||||
EV/Sales | ... | ... | ... | ... | 1.25 | 1.21 | 1.39 | 1.01 | 1.21 | |||||||||
EV/EBIT | ... | ... | ... | ... | -244 | 43.9 | 32.3 | -102 | 24.4 | |||||||||
Capital Expenditures (As % of Sales) | % | ... | ... | 15.8 | 12.3 | 16.2 | 12.4 | 15.0 | ||||||||||
Sales from Direct Voice | PLN mil | ... | ... | ... | ... | 743 | 742 | 737 | 948 | 809 | ... | ... | ||||||
Sales from Direct Voice - Monthly Fees | PLN mil | ... | ... | ... | ... | 458 | 485 | 517 | 663 | 588 | ... | ... | ||||||
Sales from Direct Voice - Calling Charges | PLN mil | ... | ... | ... | ... | 286 | 256 | 220 | 285 | 220 | ... | ... | ||||||
Sales from Direct Voice - Other | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.615 | 0.743 | 0.568 | ... | ... |
Sales from Indirect Voice | PLN mil | ... | ... | ... | ... | 65.7 | 37.4 | 22.5 | 35.0 | 19.2 | ... | ... | ||||||
Sales from Data | PLN mil | ... | ... | ... | ... | 520 | 580 | 604 | 766 | 725 | ... | ... | ||||||
Sales from Interconnection | PLN mil | ... | ... | ... | ... | 66.9 | 68.4 | 77.6 | 110 | 85.3 | ... | ... | ||||||
Sales from Wholesale Services | PLN mil | ... | ... | ... | ... | 81.6 | 116 | 124 | 136 | 107 | ... | ... | ||||||
Sales from Other Telecommunication Service | PLN mil | ... | ... | ... | ... | 22.5 | 21.6 | 48.0 | 114 | 122 | ... | ... | ||||||
Sales from Radio Communication Service | PLN mil | ... | ... | ... | ... | ... | ... | 5.36 | 4.86 | 4.35 | 3.54 | 2.86 | ... | ... | ||||
Sales from Other Services | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.430 | 9.11 | 5.56 | ... | ... |
Subscribers Total | mil | ... | ... | ... | ... | ... | ... | ... | ... | 0.675 | 0.812 | 1.09 | 1.04 | ... | ... | ... | ||
Broadband Subscribers | mil | ... | ... | ... | ... | ... | ... | ... | ... | 0.559 | 0.690 | 0.912 | 0.875 | ... | ... | ... | ||
Fixed Voice Subscribers | mil | ... | ... | ... | ... | ... | ... | ... | ... | 0.116 | 0.122 | 0.175 | 0.164 | ... | ... | ... | ||
ARPU Total | PLN per month | ... | ... | ... | ... | ... | ... | ... | ... | 191 | 176 | 142 | 166 | ... | ... | ... | ||
ARPU - Fixed-Lines | PLN per month | ... | ... | ... | ... | ... | ... | ... | ... | 45.9 | 40.1 | 32.1 | 91.8 | 77.7 | ... | ... | ||
ARPU - Data Transmission | PLN per month | ... | ... | ... | ... | ... | ... | ... | ... | 376 | 407 | 340 | 377 | 367 | ... | ... | ||
Market Share - Fixed Broadband | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10.0 | 11.5 | 14.4 | 13.3 | 12.7 | ... | ... | |
Market Share - Fixed Voice | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 11.5 | 13.0 | 19.9 | 19.8 | 18.8 | ... | ... |
Get all company financials in excel:
Netia SA is a Poland-based integrated telecommunication services provider. The Company is the owner of the second-largest fixed-line network in Poland. Netia's products and services include switched, fixed-line voice telephone, integrated service digital network, voice over internet protocol, voice mail, dial-up and fixed-access internet, leased lines and frame relay and MPLS services. The company also offers wholesale services, including the wholesale termination of in-bound traffic, ducts, dark fiber and co-location services based upon intelligent networks and provide broadband Internet access with ADSL technology. The Company's offer is organized into four segments: Home, SOHO/SME, Corporate and Carriers
Netia 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 2015, or of sales. That’s compared to % average margin seen in last five years.
The company netted in 2015 implying ROE of and ROCE of . Again, the average figures were % and %, respectively when looking at the previous 5 years.
Netia’s net debt amounted to at the end of 2015, or of equity. When compared to EBITDA, net debt was x, up when compared to average of x seen in the last 5 years.
Netia stock traded at per share at the end of 2015 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 2015.