Loading…
* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2021 2,648 · FY2022 3,601 · FY2023 7,280 — 3-yr total 13,529
Georgian manufacturer of PET (polyethylene terephthalate) packaging materials such as bottles and preforms.
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 15.2% | 11.8% | 16.8% | 14.6% | 19.2% | 14.5% | 11.5% |
| EBITDA Margin | 9.8% | 3.9% | 9.6% | 4.2% | 11.1% | 7.6% | 1.1% |
| EBITDAR | 4,580 | 2,250 | 5,788 | 1,939 | 7,126 | 9,293 | 678 |
| EBITDAR Margin | 9.8% | 3.9% | 9.6% | 4.2% | 11.1% | 7.6% | 1.1% |
| EBIT Margin | 9.6% | 3.8% | 9.5% | 5.2% | 10.9% | 7.5% | 0.8% |
| Net Profit Margin | 6.0% | 6.7% | 11.1% | 8.3% | 12.2% | 9.0% | 2.4% |
| Operating Expense % of Sales | 5.4% | 7.9% | 7.2% | 10.4% | 8.1% | 6.9% | 10.4% |
| Returns | |||||||
| Return on Assets (ROA) | 10.9% | 11.8% | 21.5% | 13.1% | 22.8% | 15.6% | 1.9% |
| Return on Equity (ROE) | 14.5% | 16.6% | 22.2% | 15.2% | 25.6% | 29.1% | 4.5% |
| ROIC [EBIT / Invested Capital] | 23.5% | 9.5% | 19.2% | 9.5% | 23.3% | 24.3% | 1.4% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 16.1% |
| Debt-to-Equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.38x |
| Debt-to-EBITDA | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 17.88x |
| Equity-to-Assets | 75.1% | 71.3% | 96.4% | 86.7% | 88.9% | 53.6% | 42.6% |
| Net Debt | -477 | -250 | -242 | -249 | -372 | -205 | 588 |
| Cash & Equivalents | 477 | 250 | 242 | 249 | 372 | 205 | 11,537 |
| Total Debt | N/A | N/A | N/A | N/A | N/A | N/A | 12,125 |
| Liquidity & working capital | |||||||
| Current Ratio | 2.86x | 2.65x | 21.28x | 5.82x | 7.41x | 1.91x | 2.04x |
| Quick Ratio | 1.83x | 1.85x | 12.96x | 4.14x | 4.30x | 1.55x | 1.51x |
| Cash Ratio | 0.07x | 0.03x | 0.22x | 0.06x | 0.10x | 0.01x | 0.35x |
| Total Current Assets | 18,515 | 24,982 | 23,684 | 22,648 | 28,205 | 62,866 | 67,673 |
| Total Current Liabilities | 6,468 | 9,415 | 1,113 | 3,889 | 3,804 | 32,841 | 33,201 |
| Inventory | 6,700 | 7,578 | 9,265 | 6,553 | 11,838 | 11,996 | 17,623 |
| Trade Receivables | 11,114 | 14,556 | 12,333 | 15,037 | 15,417 | 50,080 | 38,309 |
| Trade Payables | 6,209 | 8,842 | 596 | 3,350 | 3,804 | 32,841 | 31,108 |
| Net Working Capital | 12,047 | 15,567 | 22,571 | 18,759 | 24,401 | 30,025 | 34,472 |
| Net Working Capital % of Revenue | 25.8% | 27.1% | 37.4% | 40.5% | 38.0% | 24.6% | 57.0% |
| Trade Working Capital | 11,605 | 13,292 | 21,002 | 18,240 | 23,451 | 29,235 | 24,824 |
| Trade Working Capital % of Revenue | 24.8% | 23.1% | 34.8% | 39.4% | 36.5% | 23.9% | 41.0% |
| Change in Trade Working Capital | N/A | 1,687 | 7,710 | -2,762 | 5,211 | 5,784 | -4,411 |
| Turnover & efficiency | |||||||
| Inventory Turnover | 5.91x | 6.69x | 5.42x | 6.03x | 4.38x | 8.71x | 3.04x |
| Days Inventory Outstanding (DIO) | 61.7 | 54.5 | 67.3 | 60.5 | 83.3 | 41.9 | 120.1 |
| Receivables Turnover | 4.20x | 3.95x | 4.89x | 3.08x | 4.16x | 2.44x | 1.58x |
| Days Sales Outstanding (DSO) | 86.8 | 92.4 | 74.6 | 118.6 | 87.6 | 149.5 | 231.1 |
| Payables Turnover | 6.38x | 5.74x | 84.29x | 11.80x | 13.64x | 3.18x | 1.72x |
| Days Payable Outstanding (DPO) | 57.2 | 63.6 | 4.3 | 30.9 | 26.8 | 114.8 | 212.1 |
| Cash Conversion Cycle | 91.3 days | 83.3 days | 137.6 days | 148.1 days | 144.2 days | 76.7 days | 139.2 days |
| Asset Turnover | 1.80x | 1.75x | 1.94x | 1.58x | 1.87x | 1.73x | 0.80x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | 1,204 | 1,516 | 928 | 8,740 | 3,668 | 7,040 | 9,185 |
| Free Cash Flow (OCF − Capex proxy) | 1,204 | -295 | -84 | 8,444 | 2,838 | 4,099 | 8,116 |
| Cash Conversion (OCF / EBITDA) | 26.3% | 67.4% | 16.0% | 450.7% | 51.5% | 75.8% | 1354.7% |
| Dividends Declared | 0 | 0 | 0 | 8,554 | 2,648 | 3,601 | 7,280 |
| Dividend Payout Ratio | 0.0% | 0.0% | 0.0% | 222.9% | 33.9% | 32.6% | 509.4% |
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).
Ranked by how close each latest revenue is to this one — not a curated comp set. Open this set in Compare →