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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 3,842 · FY2023 4,489 · FY2024 7,789 — 3-yr total 16,120
Nova LLC is the largest manufacturer and retailer of construction and repair materials in the South Caucasus, founded 2006 in Batumi. Produces 400+ items (roofing, plasterboard, polyethylene tanks, plastic profiles, traffic barriers) and runs three 'Nova' mega-centres in Tbilisi, Batumi and Kutaisi with 50,000+ SKUs.
Group parent — controls 3 companies · ownership
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 22.1% | 17.3% | 17.8% | 22.1% | 28.1% | 17.7% | 22.6% | 24.0% |
| EBITDA Margin | 18.5% | 9.2% | 9.0% | 13.2% | 19.3% | 4.2% | 7.8% | 9.8% |
| EBITDAR | 15,976 | 8,981 | 10,052 | 17,277 | 32,003 | 6,712 | 15,893 | 23,273 |
| EBITDAR Margin | 18.5% | 9.2% | 9.0% | 13.2% | 19.3% | 4.2% | 7.8% | 9.8% |
| EBIT Margin | 17.6% | 8.2% | 7.4% | 11.6% | 17.8% | 2.1% | 5.9% | 8.1% |
| Net Profit Margin | 11.6% | 3.9% | 3.6% | 6.2% | 15.8% | 1.6% | 3.3% | 4.8% |
| Operating Expense % of Sales | 3.6% | 8.1% | 8.9% | 8.9% | 8.8% | 13.6% | 14.8% | 14.2% |
| Returns | ||||||||
| Return on Assets (ROA) | 17.8% | 5.7% | 5.8% | 9.0% | 23.0% | 2.0% | 4.9% | 6.8% |
| Return on Equity (ROE) | 45.4% | 15.7% | 15.6% | 25.6% | 53.0% | 5.4% | 13.5% | 21.3% |
| ROIC [EBIT / Invested Capital] | 29.5% | 13.2% | 13.5% | 22.6% | 33.9% | 3.4% | 11.4% | 15.2% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 52.5% | 55.0% | 52.0% | 50.5% | 44.4% | 47.5% | 52.6% | 53.6% |
| Debt-to-Equity | 1.34x | 1.52x | 1.41x | 1.45x | 1.03x | 1.30x | 1.46x | 1.68x |
| Debt-to-EBITDA | 1.86x | 4.06x | 3.62x | 2.64x | 1.58x | 9.31x | 4.64x | 3.90x |
| Equity-to-Assets | 39.2% | 36.1% | 37.0% | 34.9% | 43.3% | 36.5% | 35.9% | 31.9% |
| Net Debt | 29,318 | 36,355 | 35,596 | 36,076 | 37,714 | 52,733 | 56,030 | 72,269 |
| Cash & Equivalents | 352 | 97 | 762 | 9,573 | 12,866 | 9,748 | 17,683 | 18,603 |
| Total Debt | 29,670 | 36,452 | 36,358 | 45,649 | 50,580 | 62,481 | 73,713 | 90,872 |
| Liquidity & working capital | ||||||||
| Current Ratio | 2.50x | 0.85x | 1.34x | 1.39x | 1.49x | 1.62x | 1.49x | 1.15x |
| Quick Ratio | 0.43x | 0.16x | 0.25x | 0.40x | 0.58x | 0.42x | 0.47x | 0.32x |
| Cash Ratio | 0.03x | 0.00x | 0.03x | 0.25x | 0.30x | 0.24x | 0.35x | 0.20x |
| Total Current Assets | 31,733 | 36,118 | 35,226 | 52,969 | 63,791 | 66,855 | 74,820 | 106,436 |
| Total Current Liabilities | 12,713 | 42,334 | 26,289 | 38,063 | 42,768 | 41,307 | 50,210 | 92,724 |
| Inventory | 26,260 | 29,523 | 28,568 | 37,826 | 38,924 | 49,395 | 51,187 | 77,014 |
| Trade Receivables | 2,695 | 3,658 | 3,180 | 3,178 | 3,170 | 4,073 | 4,832 | 8,006 |
| Trade Payables | 4,378 | 4,722 | 5,533 | 10,203 | 7,401 | 12,439 | 8,232 | 18,216 |
| Net Working Capital | 19,020 | -6,216 | 8,937 | 14,906 | 21,023 | 25,548 | 24,610 | 13,712 |
| Net Working Capital % of Revenue | 22.0% | -6.4% | 8.0% | 11.4% | 12.7% | 15.9% | 12.0% | 5.8% |
| Trade Working Capital | 24,577 | 28,459 | 26,215 | 30,801 | 34,693 | 41,029 | 47,787 | 66,804 |
| Trade Working Capital % of Revenue | 28.5% | 29.3% | 23.4% | 23.5% | 20.9% | 25.5% | 23.3% | 28.0% |
| Change in Trade Working Capital | N/A | 3,882 | -2,244 | 4,586 | 3,892 | 6,336 | 6,758 | 19,017 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 2.56x | 2.72x | 3.22x | 2.70x | 3.06x | 2.68x | 3.10x | 2.35x |
| Days Inventory Outstanding (DIO) | 142.6 | 134.1 | 113.2 | 135.0 | 119.2 | 136.0 | 117.8 | 155.2 |
| Receivables Turnover | 32.04x | 26.56x | 35.24x | 41.29x | 52.32x | 39.56x | 42.41x | 29.75x |
| Days Sales Outstanding (DSO) | 11.4 | 13.7 | 10.4 | 8.8 | 7.0 | 9.2 | 8.6 | 12.3 |
| Payables Turnover | 15.35x | 17.01x | 16.64x | 10.02x | 16.10x | 10.65x | 19.27x | 9.94x |
| Days Payable Outstanding (DPO) | 23.8 | 21.5 | 21.9 | 36.4 | 22.7 | 34.3 | 18.9 | 36.7 |
| Cash Conversion Cycle | 130.2 days | 126.4 days | 101.7 days | 107.4 days | 103.5 days | 111.0 days | 107.4 days | 130.8 days |
| Asset Turnover | 1.53x | 1.47x | 1.60x | 1.45x | 1.46x | 1.22x | 1.46x | 1.40x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 2,517 | 3,337 | 9,047 | 9,734 | 22,378 | 3,491 | 11,777 | 1,704 |
| Free Cash Flow (OCF − Capex proxy) | 2,517 | -4,104 | 4,432 | 3,618 | 8,181 | -12,036 | 4,990 | -4,464 |
| Cash Conversion (OCF / EBITDA) | 15.8% | 37.2% | 90.0% | 56.3% | 69.9% | 52.0% | 74.1% | 7.3% |
| Dividends Declared | 1,731 | 1,932 | 1,868 | 2,369 | 8,421 | 3,842 | 4,489 | 7,789 |
| Dividend Payout Ratio | 17.2% | 51.5% | 46.2% | 29.3% | 32.2% | 148.6% | 65.9% | 67.6% |
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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