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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Operates in Construction — Residential & Commercial Building. Per the activity note to the FY2022 annual report, the company constructs multi-storey residential and non-residential buildings.
Subsidiary of New Group (100.0%)
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross Margin | 70.1% | 38.8% | 31.1% | 37.3% | 38.7% |
| EBITDA Margin | -897.2% | 31.5% | 20.4% | 32.0% | 29.7% |
| EBITDAR | -709 | 2,332 | 1,317 | 1,388 | 282 |
| EBITDAR Margin | -897.2% | 31.5% | 20.4% | 32.0% | 29.7% |
| EBIT Margin | -897.2% | 31.5% | 20.4% | 32.0% | 29.7% |
| Net Profit Margin | -1377.5% | 16.4% | 3.4% | 35.3% | 97.8% |
| Operating Expense % of Sales | 967.3% | 7.4% | 10.7% | 5.3% | 9.0% |
| Returns | |||||
| Return on Assets (ROA) | -15.6% | 11.9% | 3.0% | 35.8% | 30.2% |
| Return on Equity (ROE) | N/A | 959.2% | 89.6% | 86.1% | 80.9% |
| ROIC [EBIT / Invested Capital] | -14.7% | 28.5% | 25.8% | 35.0% | 10.3% |
| Leverage & debt balances | |||||
| Debt-to-Assets | 84.4% | 92.9% | 80.7% | 52.6% | 52.1% |
| Debt-to-Equity | -7.15x | 74.84x | 24.11x | 1.26x | 1.40x |
| Debt-to-EBITDA | N/A | 4.07x | 4.52x | 1.62x | 5.69x |
| Equity-to-Assets | -11.8% | 1.2% | 3.3% | 41.6% | 37.3% |
| Net Debt | 5,659 | 8,049 | 4,862 | 2,183 | 1,596 |
| Cash & Equivalents | 244 | 1,436 | 1,093 | 67 | 9 |
| Total Debt | 5,903 | 9,485 | 5,955 | 2,250 | 1,605 |
| Liquidity & working capital | |||||
| Current Ratio | 3.62x | 16.91x | 5.78x | 14.95x | 1.19x |
| Quick Ratio | 3.62x | 3.94x | 2.72x | 14.95x | 1.19x |
| Cash Ratio | 0.13x | 2.40x | 0.93x | 0.27x | 9.69x |
| Total Current Assets | 6,952 | 10,127 | 6,793 | 3,737 | 1 |
| Total Current Liabilities | 1,920 | 599 | 1,176 | 250 | 1 |
| Inventory | N/A | 7,767 | 3,596 | N/A | N/A |
| Trade Receivables | 18 | 820 | 2,032 | 2,252 | 35 |
| Trade Payables | 1,077 | 138 | 81 | 102 | 113 |
| Net Working Capital | 5,032 | 9,528 | 5,617 | 3,487 | 0 |
| Net Working Capital % of Revenue | 6369.5% | 128.6% | 86.9% | 80.3% | 0.0% |
| Trade Working Capital | -1,059 | 8,449 | 5,547 | 2,150 | -78 |
| Trade Working Capital % of Revenue | -1340.2% | 114.1% | 85.8% | 49.5% | -8.2% |
| Change in Trade Working Capital | N/A | 9,508 | -2,902 | -3,397 | -2,228 |
| Turnover & efficiency | |||||
| Inventory Turnover | N/A | 0.58x | 1.24x | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 625.7 | 294.8 | N/A | N/A |
| Receivables Turnover | 4.38x | 9.03x | 3.18x | 1.93x | 27.17x |
| Days Sales Outstanding (DSO) | 83.4 | 40.4 | 114.8 | 189.2 | 13.4 |
| Payables Turnover | 0.02x | 32.76x | 54.98x | 26.71x | 5.16x |
| Days Payable Outstanding (DPO) | 16651.3 | 11.1 | 6.6 | 13.7 | 70.7 |
| Cash Conversion Cycle | -16567.9 days | 655.0 days | 402.9 days | 175.6 days | -57.3 days |
| Asset Turnover | 0.01x | 0.73x | 0.88x | 1.01x | 0.31x |
| Cash flow & dividends | |||||
| Operating Cash Flow | N/A | 778 | 6,033 | 2,753 | 254 |
| Free Cash Flow (OCF − Capex proxy) | N/A | 733 | 5,988 | 2,751 | -260 |
| Cash Conversion (OCF / EBITDA) | N/A | 33.4% | 458.1% | 198.3% | 90.1% |
| Dividends Declared | N/A | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | N/A | N/A | N/A | N/A | N/A |
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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