Loading…
Dividends declared (per SOCE filings): FY2022 24,000 · FY2023 26,500 · FY2024 0 — 3-yr total 50,500
Operates in Logistics & Transport — Rail. Per the activity note to the FY2024 annual report, the company provides freight-forwarding services for liquid cargo carried by rail within Georgia, running from the Batumi and Kulevi rail stations to the Armenian and Azerbaijani border stations, together with the related rail services.
Subsidiary of Georgian Railway (100.0%)
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 100.0% | 100.0% | 100.0% | 35.4% | 35.2% | 35.2% | 36.5% | 34.1% |
| EBITDA Margin | 40.8% | 34.5% | 29.5% | 31.6% | 31.4% | 31.2% | 32.5% | 30.8% |
| EBITDAR | 22,140 | 17,317 | 16,177 | 17,971 | 20,254 | 21,270 | 21,212 | 23,671 |
| EBITDAR Margin | 41.0% | 34.8% | 29.8% | 31.6% | 31.4% | 31.2% | 32.5% | 30.8% |
| EBIT Margin | 40.7% | 34.5% | 29.5% | 31.6% | 31.4% | 31.2% | 32.5% | 30.8% |
| Net Profit Margin | 39.9% | 33.8% | 30.3% | 32.9% | 32.4% | 32.8% | 34.7% | 32.1% |
| Operating Expense % of Sales | 59.2% | 65.5% | 70.5% | 3.8% | 3.8% | 4.0% | 4.0% | 3.3% |
| Returns | ||||||||
| Return on Assets (ROA) | 273.8% | 226.5% | 176.1% | 173.7% | 183.8% | 205.3% | 305.8% | 189.3% |
| Return on Equity (ROE) | 400.7% | 359.5% | 260.3% | 232.9% | 221.0% | 285.9% | 568.3% | 256.1% |
| ROIC [EBIT / Invested Capital] | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 584.2% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt-to-Equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Debt-to-EBITDA | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity-to-Assets | 68.3% | 63.0% | 67.6% | 74.6% | 83.1% | 71.8% | 53.8% | 73.9% |
| Net Debt | -6,516 | -5,579 | -8,232 | -9,195 | -9,841 | -9,259 | -5,263 | -5,565 |
| Cash & Equivalents | 6,516 | 5,579 | 8,232 | 9,195 | 9,841 | 9,259 | 5,263 | 5,565 |
| Total Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Liquidity & working capital | ||||||||
| Current Ratio | 3.13x | 0.05x | 0.07x | 3.92x | 5.91x | 3.53x | 2.16x | 3.83x |
| Quick Ratio | 3.13x | 0.05x | 0.07x | 3.92x | 5.91x | 3.53x | 2.16x | 3.83x |
| Cash Ratio | 2.66x | 2.06x | 2.76x | 3.35x | 5.12x | 3.01x | 1.54x | 1.64x |
| Total Current Assets | 7,682 | 135 | 206 | 10,739 | 11,354 | 10,847 | 7,385 | 12,974 |
| Total Current Liabilities | 2,452 | 2,703 | 2,983 | 2,741 | 1,921 | 3,072 | 3,425 | 3,390 |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Trade Receivables | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 4,425 |
| Trade Payables | 2,452 | 2,703 | 2,983 | 2,741 | 1,921 | 3,072 | 3,425 | 3,391 |
| Net Working Capital | 5,230 | -2,568 | -2,777 | 7,998 | 9,433 | 7,775 | 3,960 | 9,584 |
| Net Working Capital % of Revenue | 9.7% | -5.2% | -5.1% | 14.0% | 14.6% | 11.4% | 6.1% | 12.5% |
| Trade Working Capital | -2,452 | -2,703 | -2,983 | -2,741 | -1,921 | -3,072 | -3,425 | 1,034 |
| Trade Working Capital % of Revenue | -4.5% | -5.4% | -5.5% | -4.8% | -3.0% | -4.5% | -5.2% | 1.3% |
| Change in Trade Working Capital | N/A | -251 | -280 | 242 | 820 | -1,151 | -353 | 4,459 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Receivables Turnover | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 17.35x |
| Days Sales Outstanding (DSO) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 21.0 |
| Payables Turnover | N/A | N/A | N/A | 13.42x | 21.77x | 14.37x | 12.10x | 14.92x |
| Days Payable Outstanding (DPO) | N/A | N/A | N/A | 27.2 | 16.8 | 25.4 | 30.2 | 24.5 |
| Cash Conversion Cycle | N/A | N/A | N/A | -27.2 days | -16.8 days | -25.4 days | -30.2 days | -3.4 days |
| Asset Turnover | 6.86x | 6.70x | 5.82x | 5.28x | 5.66x | 6.26x | 8.80x | 5.90x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 20,881 | 16,618 | 17,015 | 17,212 | 19,477 | 22,360 | 21,041 | 18,494 |
| Free Cash Flow (OCF − Capex proxy) | 20,881 | 16,618 | 17,427 | 17,921 | 20,091 | 23,434 | 22,488 | 19,339 |
| Cash Conversion (OCF / EBITDA) | 95.0% | 96.8% | 106.3% | 95.8% | 96.2% | 105.1% | 99.2% | 78.1% |
| Dividends Declared | N/A | 0 | 0 | 0 | 0 | 24,000 | 26,500 | 0 |
| Dividend Payout Ratio | N/A | 0.0% | 0.0% | 0.0% | 0.0% | 107.4% | 116.9% | 0.0% |
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).
Ranked by how close each latest revenue is to this one — not a curated comp set. Open this set in Compare →