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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 208,043 · FY2023 292,691 · FY2024 347,591 — 3-yr total 848,325
Magticom LLC is the largest mobile network operator in Georgia by subscribers and revenue, founded 1996. Provides 4G/5G mobile, fixed broadband (via the MagtiNET FTTH network), pay-TV and data-centre services; majority-owned by the Bokeria/Jokhtaberidze family with Metromedia as minority shareholder.
Group parent — controls 1 company · ownership
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 67.6% | 72.5% | 81.4% | 82.3% | 83.5% | 87.5% | 88.7% | 88.3% |
| EBITDA Margin | 62.2% | 54.1% | 67.2% | 65.3% | 69.4% | 75.7% | 75.9% | 72.9% |
| EBITDAR | 268,348 | 254,163 | 316,805 | 301,924 | 361,849 | 478,239 | 531,559 | 536,768 |
| EBITDAR Margin | 64.1% | 55.7% | 67.2% | 65.3% | 69.5% | 75.9% | 76.0% | 73.0% |
| EBIT Margin | 38.0% | 31.5% | 44.1% | 39.9% | 46.1% | 56.5% | 58.4% | 56.4% |
| Net Profit Margin | 18.4% | 25.6% | 36.3% | 40.2% | 43.2% | 48.8% | 51.7% | 50.9% |
| Operating Expense % of Sales | 5.4% | 18.4% | 14.2% | 17.1% | 14.1% | 11.8% | 12.8% | 15.3% |
| Returns | ||||||||
| Return on Assets (ROA) | 8.8% | 13.3% | 18.2% | 16.7% | 25.0% | 30.7% | 32.3% | 30.7% |
| Return on Equity (ROE) | 15.1% | 18.8% | 23.0% | 20.2% | 28.6% | 34.8% | 37.9% | 38.2% |
| ROIC [EBIT / Invested Capital] | 32.2% | 24.6% | 26.4% | 26.8% | 33.6% | 50.6% | 61.1% | 50.6% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 0.0% | 0.0% | 8.1% | 5.6% | 4.5% | 3.2% | 2.7% | 2.4% |
| Debt-to-Equity | 0.00x | 0.00x | 0.10x | 0.07x | 0.05x | 0.04x | 0.03x | 0.03x |
| Debt-to-EBITDA | 0.00x | 0.00x | 0.24x | 0.21x | 0.11x | 0.07x | 0.06x | 0.06x |
| Equity-to-Assets | 57.9% | 70.6% | 79.1% | 82.8% | 87.4% | 88.4% | 85.3% | 80.3% |
| Net Debt | -13,972 | -35,455 | 42,640 | -233,629 | -72,479 | -179,965 | -284,226 | -160,377 |
| Cash & Equivalents | 13,972 | 35,455 | 34,011 | 295,680 | 112,705 | 212,426 | 314,783 | 190,101 |
| Total Debt | N/A | N/A | 76,651 | 62,051 | 40,226 | 32,461 | 30,557 | 29,724 |
| Liquidity & working capital | ||||||||
| Current Ratio | 0.49x | 0.33x | 0.60x | 2.34x | 2.02x | 3.26x | 2.70x | 1.06x |
| Quick Ratio | 0.42x | 0.30x | 0.56x | 2.31x | 1.97x | 3.20x | 2.67x | 1.04x |
| Cash Ratio | 0.11x | 0.19x | 0.27x | 2.14x | 1.66x | 2.85x | 2.48x | 0.92x |
| Total Current Assets | 59,780 | 62,283 | 75,412 | 321,950 | 137,470 | 243,198 | 343,190 | 218,402 |
| Total Current Liabilities | 122,081 | 190,299 | 126,340 | 137,857 | 68,047 | 74,631 | 127,027 | 206,596 |
| Inventory | 8,012 | 5,411 | 4,365 | 3,503 | 3,219 | 4,193 | 3,789 | 3,673 |
| Trade Receivables | 18,233 | 14,765 | 32,404 | 17,612 | 18,173 | 19,216 | 20,280 | 18,080 |
| Trade Payables | 100,406 | 76,896 | 73,421 | 83,656 | 25,651 | 32,482 | 63,141 | 73,179 |
| Net Working Capital | -62,301 | -128,016 | -50,928 | 184,093 | 69,423 | 168,567 | 216,163 | 11,806 |
| Net Working Capital % of Revenue | -14.9% | -28.1% | -10.8% | 39.8% | 13.3% | 26.7% | 30.9% | 1.6% |
| Trade Working Capital | -74,161 | -56,720 | -36,652 | -62,541 | -4,259 | -9,073 | -39,072 | -51,426 |
| Trade Working Capital % of Revenue | -17.7% | -12.4% | -7.8% | -13.5% | -0.8% | -1.4% | -5.6% | -7.0% |
| Change in Trade Working Capital | N/A | 17,441 | 20,068 | -25,889 | 58,282 | -4,814 | -29,999 | -12,354 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 16.91x | 23.21x | 20.03x | 23.30x | 26.62x | 18.73x | 20.82x | 23.52x |
| Days Inventory Outstanding (DIO) | 21.6 | 15.7 | 18.2 | 15.7 | 13.7 | 19.5 | 17.5 | 15.5 |
| Receivables Turnover | 22.97x | 30.90x | 14.54x | 26.24x | 28.64x | 32.81x | 34.49x | 40.68x |
| Days Sales Outstanding (DSO) | 15.9 | 11.8 | 25.1 | 13.9 | 12.7 | 11.1 | 10.6 | 9.0 |
| Payables Turnover | 1.35x | 1.63x | 1.19x | 0.98x | 3.34x | 2.42x | 1.25x | 1.18x |
| Days Payable Outstanding (DPO) | 270.5 | 223.5 | 306.5 | 374.1 | 109.2 | 151.0 | 292.1 | 309.1 |
| Cash Conversion Cycle | -233.0 days | -196.0 days | -263.2 days | -344.5 days | -82.8 days | -120.4 days | -264.0 days | -284.6 days |
| Asset Turnover | 0.48x | 0.52x | 0.50x | 0.42x | 0.58x | 0.63x | 0.63x | 0.60x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 196,124 | 239,506 | 268,174 | 297,615 | 348,967 | 442,052 | 503,825 | 464,002 |
| Free Cash Flow (OCF − Capex proxy) | 196,124 | 120,469 | 153,365 | 271,765 | 203,265 | 331,958 | 402,689 | 216,436 |
| Cash Conversion (OCF / EBITDA) | 75.3% | 97.0% | 84.7% | 98.7% | 96.6% | 92.6% | 94.9% | 86.5% |
| Dividends Declared | 0 | 0 | 3,054 | 10,139 | 360,750 | 208,043 | 292,691 | 347,591 |
| Dividend Payout Ratio | 0.0% | 0.0% | 1.8% | 5.5% | 160.4% | 67.7% | 80.9% | 92.9% |
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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