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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 0 · FY2023 1,603 · FY2024 1,133 — 3-yr total 2,736
Operates in Professional & Business Services — Security & Guarding. Per the activity note to the FY2024 annual report, the company sells and installs telecommunications and security systems, provides installation and maintenance services, provides security services.
Group parent — controls 1 company · ownership
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 77.1% | 78.8% | 63.2% | 42.3% | 68.3% | 67.4% | 65.3% | 63.0% |
| EBITDA Margin | 71.4% | 14.6% | 11.4% | 10.6% | 1.4% | -2.1% | 0.5% | 4.6% |
| EBITDAR | 15,402 | 2,480 | 1,731 | 2,719 | 333 | -168 | 230 | 979 |
| EBITDAR Margin | 72.2% | 15.6% | 11.4% | 11.3% | 2.4% | -1.2% | 1.4% | 5.4% |
| EBIT Margin | 70.6% | 13.6% | 9.2% | 10.0% | 0.6% | -2.9% | -0.1% | 3.9% |
| Net Profit Margin | 22.1% | 10.2% | 3.5% | 11.3% | 2.2% | 2.0% | 9.4% | 5.7% |
| Operating Expense % of Sales | 5.7% | 64.1% | 51.8% | 31.7% | 67.0% | 69.5% | 64.8% | 58.4% |
| Returns | ||||||||
| Return on Assets (ROA) | 92.6% | 26.0% | 7.4% | 45.4% | 6.1% | 4.0% | 12.3% | 7.4% |
| Return on Equity (ROE) | 102.2% | 45.3% | N/A | 167.2% | 17.6% | 18.1% | 99.2% | 71.1% |
| ROIC [EBIT / Invested Capital] | 337.5% | 152.6% | N/A | 140.6% | 2.7% | -15.9% | -0.6% | 34.8% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 0.0% | 2.1% | 7.1% | 9.6% | 25.0% | 17.9% | 6.9% | 8.2% |
| Debt-to-Equity | 0.00x | 0.04x | -2.43x | 0.35x | 0.72x | 0.81x | 0.56x | 0.79x |
| Debt-to-EBITDA | 0.00x | 0.06x | 0.30x | 0.22x | 6.64x | N/A | 9.97x | 1.39x |
| Equity-to-Assets | 90.6% | 57.3% | -2.9% | 27.2% | 34.8% | 22.1% | 12.4% | 10.4% |
| Net Debt | -158 | -2,159 | -924 | 86 | 1,233 | 1,058 | 584 | 570 |
| Cash & Equivalents | 158 | 2,293 | 1,436 | 491 | 31 | 253 | 280 | 588 |
| Total Debt | N/A | 134 | 513 | 577 | 1,264 | 1,311 | 864 | 1,158 |
| Liquidity & working capital | ||||||||
| Current Ratio | 8.04x | 1.98x | 1.09x | 1.03x | 1.12x | 1.11x | 0.76x | 0.96x |
| Quick Ratio | 5.54x | 1.49x | 0.75x | 0.53x | 1.12x | 0.56x | 0.34x | 0.45x |
| Cash Ratio | 0.33x | 0.86x | 0.25x | 0.11x | 0.01x | 0.04x | 0.03x | 0.05x |
| Total Current Assets | 3,856 | 5,272 | 6,197 | 4,462 | 3,406 | 6,299 | 8,377 | 12,133 |
| Total Current Liabilities | 480 | 2,668 | 5,689 | 4,322 | 3,031 | 5,695 | 10,983 | 12,653 |
| Inventory | 1,197 | 1,309 | 1,931 | 2,188 | N/A | 3,138 | 4,681 | 6,442 |
| Trade Receivables | 2,337 | 1,526 | 616 | 1,621 | 1,193 | 1,074 | 2,662 | 1,616 |
| Trade Payables | 480 | 2,534 | 388 | 2,055 | 305 | 527 | 529 | 949 |
| Net Working Capital | 3,376 | 2,604 | 509 | 140 | 374 | 604 | -2,605 | -519 |
| Net Working Capital % of Revenue | 15.8% | 16.3% | 3.4% | 0.6% | 2.7% | 4.2% | -15.9% | -2.8% |
| Trade Working Capital | 3,054 | 301 | 2,159 | 1,754 | 888 | 3,685 | 6,815 | 7,108 |
| Trade Working Capital % of Revenue | 14.3% | 1.9% | 14.3% | 7.3% | 6.3% | 25.4% | 41.5% | 38.9% |
| Change in Trade Working Capital | N/A | -2,753 | 1,858 | -406 | -865 | 2,797 | 3,129 | 294 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 4.08x | 2.58x | 2.88x | 6.35x | N/A | 1.51x | 1.22x | 1.05x |
| Days Inventory Outstanding (DIO) | 89.4 | 141.2 | 126.8 | 57.5 | N/A | 242.2 | 299.8 | 347.6 |
| Receivables Turnover | 9.13x | 10.44x | 24.56x | 14.86x | 11.78x | 13.50x | 6.17x | 11.31x |
| Days Sales Outstanding (DSO) | 40.0 | 35.0 | 14.9 | 24.6 | 31.0 | 27.0 | 59.2 | 32.3 |
| Payables Turnover | 10.18x | 1.34x | 14.34x | 6.76x | 14.59x | 8.97x | 10.78x | 7.13x |
| Days Payable Outstanding (DPO) | 35.9 | 273.3 | 25.5 | 54.0 | 25.0 | 40.7 | 33.9 | 51.2 |
| Cash Conversion Cycle | 93.6 days | -97.2 days | 116.2 days | 28.0 days | 6.0 days | 228.6 days | 325.2 days | 328.7 days |
| Asset Turnover | 4.18x | 2.55x | 2.10x | 4.03x | 2.78x | 1.98x | 1.31x | 1.29x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 2,574 | 4,781 | 1,865 | 355 | -973 | 951 | 2,772 | 1,380 |
| Free Cash Flow (OCF − Capex proxy) | 2,574 | 4,645 | 1,643 | -265 | -1,111 | 566 | 2,200 | 1,215 |
| Cash Conversion (OCF / EBITDA) | 16.9% | 205.3% | 107.8% | 13.8% | -511.4% | N/A | 3198.2% | 165.9% |
| Dividends Declared | 2,641 | 2,670 | 2,668 | 880 | 175 | 0 | 1,603 | 1,133 |
| Dividend Payout Ratio | 55.9% | 164.7% | 503.8% | 32.4% | 56.6% | 0.0% | 103.9% | 109.0% |
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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