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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 411 · FY2023 0 · FY2024 771 — 3-yr total 1,182
Georgian construction / real estate group. Limited public information available beyond the Reportal filing.
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 48.0% | 39.3% | 32.7% | 35.1% | 10.1% | -7.5% | 19.5% | 24.9% |
| EBITDA Margin | 37.4% | 31.7% | 14.2% | 20.1% | -7.2% | -25.7% | 7.6% | 13.2% |
| EBITDAR | 3,369 | 4,193 | 1,194 | 4,310 | -1,876 | -6,544 | 2,396 | 2,590 |
| EBITDAR Margin | 37.4% | 31.7% | 14.2% | 20.1% | -7.2% | -25.7% | 7.6% | 13.2% |
| EBIT Margin | 37.2% | 31.1% | 14.2% | 20.1% | -7.2% | -25.7% | 7.6% | 13.2% |
| Net Profit Margin | 34.7% | 21.7% | 7.5% | 18.5% | -10.0% | -27.9% | 6.3% | 13.2% |
| Operating Expense % of Sales | 10.5% | 7.5% | 18.6% | 15.0% | 17.3% | 18.2% | 11.9% | 11.6% |
| Returns | ||||||||
| Return on Assets (ROA) | 34.3% | 35.6% | 8.3% | 37.8% | -29.3% | -62.4% | 21.1% | 24.0% |
| Return on Equity (ROE) | 87.0% | 83.1% | 24.6% | 72.5% | -522.1% | N/A | N/A | N/A |
| ROIC [EBIT / Invested Capital] | 72.8% | 94.6% | 59.8% | 102.1% | -78.9% | N/A | N/A | N/A |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 13.6% | 19.0% | 2.1% | 1.0% | 21.7% | 3.8% | 7.3% | 17.1% |
| Debt-to-Equity | 0.34x | 0.44x | 0.06x | 0.02x | 3.88x | -0.06x | -0.14x | -0.58x |
| Debt-to-EBITDA | 0.37x | 0.36x | 0.13x | 0.02x | N/A | N/A | 0.29x | 0.71x |
| Equity-to-Assets | 39.5% | 42.8% | 33.7% | 52.1% | 5.6% | -61.6% | -52.4% | -29.6% |
| Net Debt | 1,009 | 908 | -554 | -1,251 | 1,880 | -836 | 683 | -41 |
| Cash & Equivalents | 224 | 620 | 714 | 1,352 | 48 | 1,270 | 15 | 1,881 |
| Total Debt | 1,233 | 1,528 | 160 | 101 | 1,928 | 434 | 698 | 1,840 |
| Liquidity & working capital | ||||||||
| Current Ratio | 0.28x | 1.52x | 1.31x | 1.86x | 1.10x | 0.52x | 0.55x | 0.49x |
| Quick Ratio | 0.28x | 0.69x | 0.36x | 1.00x | 0.27x | 0.22x | 0.13x | 0.25x |
| Cash Ratio | 0.04x | 0.14x | 0.14x | 0.27x | 0.01x | 0.07x | 0.00x | 0.14x |
| Total Current Assets | 1,555 | 6,973 | 6,570 | 9,362 | 7,402 | 9,383 | 7,699 | 6,562 |
| Total Current Liabilities | 5,507 | 4,591 | 5,019 | 5,039 | 6,742 | 18,187 | 13,998 | 13,501 |
| Inventory | N/A | 3,801 | 4,768 | 4,306 | 5,573 | 5,302 | 5,927 | 3,122 |
| Trade Receivables | 1,331 | 1,114 | 706 | 2,040 | 964 | 1,287 | 682 | 459 |
| Trade Payables | 394 | 1,877 | 674 | 548 | 772 | 2,520 | 1,234 | 659 |
| Net Working Capital | -3,952 | 2,382 | 1,551 | 4,323 | 660 | -8,804 | -6,299 | -6,939 |
| Net Working Capital % of Revenue | -43.9% | 18.0% | 18.4% | 20.1% | 2.5% | -34.6% | -19.9% | -35.5% |
| Trade Working Capital | 937 | 3,038 | 4,800 | 5,798 | 5,765 | 4,069 | 5,375 | 2,922 |
| Trade Working Capital % of Revenue | 10.4% | 23.0% | 57.0% | 27.0% | 22.2% | 16.0% | 17.0% | 14.9% |
| Change in Trade Working Capital | N/A | 2,101 | 1,762 | 998 | -33 | -1,696 | 1,306 | -2,453 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | N/A | 2.11x | 1.19x | 3.24x | 4.18x | 5.16x | 4.30x | 4.70x |
| Days Inventory Outstanding (DIO) | N/A | 172.9 | 307.0 | 112.6 | 87.3 | 70.8 | 84.9 | 77.6 |
| Receivables Turnover | 6.76x | 11.86x | 11.94x | 10.53x | 26.88x | 19.76x | 46.44x | 42.60x |
| Days Sales Outstanding (DSO) | 54.0 | 30.8 | 30.6 | 34.6 | 13.6 | 18.5 | 7.9 | 8.6 |
| Payables Turnover | 11.89x | 4.28x | 8.41x | 25.46x | 30.17x | 10.85x | 20.66x | 22.29x |
| Days Payable Outstanding (DPO) | 30.7 | 85.4 | 43.4 | 14.3 | 12.1 | 33.6 | 17.7 | 16.4 |
| Cash Conversion Cycle | 23.3 days | 118.3 days | 294.2 days | 132.9 days | 88.8 days | 55.6 days | 75.1 days | 69.8 days |
| Asset Turnover | 0.99x | 1.64x | 1.11x | 2.04x | 2.92x | 2.24x | 3.33x | 1.82x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 1,541 | 2,700 | 3,777 | 2,115 | -175 | 4,351 | -1,274 | 3,825 |
| Free Cash Flow (OCF − Capex proxy) | 1,541 | 3,114 | 3,139 | 1,748 | -722 | 3,502 | -1,520 | 1,121 |
| Cash Conversion (OCF / EBITDA) | 45.7% | 64.4% | 316.3% | 49.1% | N/A | N/A | -53.2% | 147.7% |
| Dividends Declared | N/A | 0 | 1,519 | 1,049 | 2,380 | 411 | 0 | 771 |
| Dividend Payout Ratio | N/A | 0.0% | 241.5% | 26.4% | N/A | N/A | 0.0% | 29.9% |
Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in GEL, thousands. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.
Shareholders, directors and group links from the companyinfo.ge public register — as filed, so stakes need not sum to 100% where a holding is undisclosed.
Ownership & directors from companyinfo.ge (public corporate registry).
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