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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 3,008 · FY2023 3,140 · FY2024 880 — 3-yr total 7,029
Operates in FMCG. Per the activity note to the FY2024 annual report, the company imports, exports and re-exports frozen meat products and wholesales them on the domestic market.
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 10.5% | 8.9% | 12.3% | 12.8% | 15.9% | 16.2% | 10.9% | 14.7% |
| EBITDA Margin | 9.0% | 4.2% | 7.2% | 6.3% | 11.0% | 10.3% | 4.8% | 8.0% |
| EBITDAR | 5,314 | 2,504 | 5,308 | 3,629 | 9,198 | 9,251 | 4,254 | 8,318 |
| EBITDAR Margin | 9.1% | 4.4% | 7.4% | 6.5% | 11.2% | 10.4% | 4.9% | 8.2% |
| EBIT Margin | 8.7% | 4.0% | 6.9% | 5.8% | 10.8% | 10.1% | 4.4% | 7.6% |
| Net Profit Margin | 5.1% | 4.1% | 5.3% | 2.0% | 10.2% | 9.8% | 4.4% | 7.3% |
| Operating Expense % of Sales | 1.5% | 4.7% | 5.1% | 6.5% | 4.9% | 5.8% | 6.1% | 6.7% |
| Returns | ||||||||
| Return on Assets (ROA) | 11.4% | 9.3% | 12.4% | 3.3% | 27.3% | 24.0% | 9.1% | 17.2% |
| Return on Equity (ROE) | 34.5% | 20.4% | 24.6% | 6.9% | 35.7% | 30.1% | 13.0% | 22.7% |
| ROIC [EBIT / Invested Capital] | 44.3% | 15.3% | 36.1% | 17.0% | 39.8% | 32.6% | 15.1% | 25.1% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 32.2% | 27.1% | 0.0% | 17.6% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt-to-Equity | 0.98x | 0.59x | 0.00x | 0.37x | 0.00x | 0.00x | 0.00x | 0.00x |
| Debt-to-EBITDA | 1.62x | 2.80x | 0.00x | 1.69x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity-to-Assets | 32.9% | 45.6% | 50.4% | 47.9% | 76.6% | 79.7% | 70.2% | 75.7% |
| Net Debt | 2,852 | 3,372 | -1,592 | 3,048 | -1,359 | -1,426 | -3,945 | -1,734 |
| Cash & Equivalents | 5,584 | 3,327 | 1,592 | 2,850 | 1,359 | 1,426 | 3,945 | 1,734 |
| Total Debt | 8,436 | 6,700 | N/A | 5,898 | N/A | N/A | N/A | N/A |
| Liquidity & working capital | ||||||||
| Current Ratio | 1.16x | 1.38x | 1.41x | 1.64x | 3.60x | 4.57x | 3.09x | 3.80x |
| Quick Ratio | 0.66x | 0.92x | 0.87x | 0.79x | 1.60x | 1.99x | 1.49x | 1.42x |
| Cash Ratio | 0.33x | 0.26x | 0.11x | 0.25x | 0.19x | 0.19x | 0.32x | 0.17x |
| Total Current Assets | 19,421 | 17,908 | 20,926 | 18,476 | 25,815 | 33,758 | 38,540 | 39,972 |
| Total Current Liabilities | 16,797 | 12,946 | 14,861 | 11,266 | 7,166 | 7,390 | 12,476 | 10,506 |
| Inventory | 8,352 | 5,958 | 7,984 | 9,621 | 14,336 | 19,074 | 20,011 | 25,095 |
| Trade Receivables | 5,299 | 7,025 | 9,482 | 6,402 | 10,120 | 13,241 | 14,165 | 12,995 |
| Trade Payables | 8,362 | 6,244 | 14,850 | 11,261 | 6,705 | 7,387 | 12,259 | 10,209 |
| Net Working Capital | 2,623 | 4,962 | 6,065 | 7,210 | 18,649 | 26,368 | 26,064 | 29,466 |
| Net Working Capital % of Revenue | 4.5% | 8.8% | 8.4% | 13.0% | 22.7% | 29.7% | 30.0% | 28.9% |
| Trade Working Capital | 5,289 | 6,738 | 2,616 | 4,761 | 17,750 | 24,928 | 21,917 | 27,881 |
| Trade Working Capital % of Revenue | 9.1% | 11.9% | 3.6% | 8.6% | 21.6% | 28.0% | 25.3% | 27.4% |
| Change in Trade Working Capital | N/A | 1,450 | -4,123 | 2,146 | 12,989 | 7,179 | -3,011 | 5,964 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 6.24x | 8.66x | 7.93x | 5.05x | 4.81x | 3.91x | 3.86x | 3.46x |
| Days Inventory Outstanding (DIO) | 58.5 | 42.1 | 46.0 | 72.3 | 75.9 | 93.4 | 94.5 | 105.4 |
| Receivables Turnover | 10.99x | 8.06x | 7.62x | 8.69x | 8.11x | 6.71x | 6.13x | 7.84x |
| Days Sales Outstanding (DSO) | 33.2 | 45.3 | 47.9 | 42.0 | 45.0 | 54.4 | 59.6 | 46.6 |
| Payables Turnover | 6.23x | 8.26x | 4.27x | 4.31x | 10.29x | 10.09x | 6.30x | 8.51x |
| Days Payable Outstanding (DPO) | 58.6 | 44.2 | 85.6 | 84.7 | 35.5 | 36.2 | 57.9 | 42.9 |
| Cash Conversion Cycle | 33.2 days | 43.2 days | 8.4 days | 29.7 days | 85.4 days | 111.6 days | 96.2 days | 109.1 days |
| Asset Turnover | 2.22x | 2.29x | 2.36x | 1.66x | 2.68x | 2.45x | 2.07x | 2.36x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 5,064 | 888 | 7,859 | 645 | -2,491 | 4,316 | 7,293 | 1,914 |
| Free Cash Flow (OCF − Capex proxy) | 5,064 | -603 | 4,853 | -3,738 | -1,160 | 4,019 | 5,906 | 1,904 |
| Cash Conversion (OCF / EBITDA) | 97.1% | 37.1% | 151.7% | 18.5% | -27.5% | 47.0% | 173.8% | 23.6% |
| Dividends Declared | 191 | 655 | 109 | 0 | 1,526 | 3,008 | 3,140 | 880 |
| Dividend Payout Ratio | 6.4% | 28.5% | 2.9% | 0.0% | 18.2% | 34.5% | 82.2% | 11.8% |
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.