Loading…
* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2021 0 · FY2022 0 · FY2023 0
Operates in Real Estate — Residential Development. Per the activity note to the FY2023 annual report, the company develops residential construction projects.
Subsidiary of m2 Group (100.0%)
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross Margin | N/A | 12.5% | 12.7% | 14.5% | -7.8% |
| EBITDA Margin | N/A | 8.3% | 9.4% | 13.2% | -8.4% |
| EBITDAR | N/A | 3,056 | 4,581 | 10,345 | -8,656 |
| EBITDAR Margin | N/A | 9.1% | 9.6% | 13.3% | -8.4% |
| EBIT Margin | N/A | 8.3% | 9.3% | 13.2% | -8.5% |
| Net Profit Margin | N/A | 7.2% | 4.3% | 8.6% | -12.6% |
| Operating Expense % of Sales | N/A | 4.2% | 3.2% | 1.2% | 0.6% |
| Returns | |||||
| Return on Assets (ROA) | 0.7% | 3.0% | 2.2% | 5.2% | -10.9% |
| Return on Equity (ROE) | 0.8% | 39.5% | 22.6% | 39.5% | -53.5% |
| ROIC [EBIT / Invested Capital] | 0.0% | 84.7% | 56.6% | 33.0% | -25.5% |
| Leverage & debt balances | |||||
| Debt-to-Assets | 11.2% | 0.2% | 2.4% | 17.1% | 10.0% |
| Debt-to-Equity | 0.13x | 0.02x | 0.24x | 1.30x | 0.49x |
| Debt-to-EBITDA | N/A | 0.05x | 0.49x | 2.15x | N/A |
| Equity-to-Assets | 88.0% | 7.6% | 9.9% | 13.2% | 20.3% |
| Net Debt | -8 | -2,828 | -1,136 | 13,991 | 9,914 |
| Cash & Equivalents | 108 | 2,955 | 3,326 | 8,058 | 2,021 |
| Total Debt | 100 | 127 | 2,190 | 22,049 | 11,935 |
| Liquidity & working capital | |||||
| Current Ratio | 127.86x | 0.76x | 1.54x | 1.37x | 1.28x |
| Quick Ratio | 127.86x | 0.76x | 1.54x | 0.99x | 0.98x |
| Cash Ratio | 15.43x | 0.22x | 0.43x | 0.16x | 0.04x |
| Total Current Assets | 895 | 10,310 | 11,756 | 69,614 | 66,372 |
| Total Current Liabilities | 7 | 13,599 | 7,653 | 50,959 | 51,675 |
| Inventory | N/A | N/A | N/A | 19,136 | 15,578 |
| Trade Receivables | 11 | 15 | N/A | N/A | N/A |
| Trade Payables | 7 | 16,267 | 15,329 | 7,241 | 15,555 |
| Net Working Capital | 888 | -3,289 | 4,103 | 18,655 | 14,697 |
| Net Working Capital % of Revenue | N/A | -9.8% | 8.6% | 24.0% | 14.2% |
| Trade Working Capital | 4 | -16,252 | -15,329 | 11,895 | 23 |
| Trade Working Capital % of Revenue | N/A | -48.6% | -32.1% | 15.3% | 0.0% |
| Change in Trade Working Capital | N/A | -16,256 | 923 | 27,224 | -11,872 |
| Turnover & efficiency | |||||
| Inventory Turnover | N/A | N/A | N/A | 3.47x | 7.14x |
| Days Inventory Outstanding (DIO) | N/A | N/A | N/A | 105.1 | 51.1 |
| Receivables Turnover | N/A | 2229.60x | N/A | N/A | N/A |
| Days Sales Outstanding (DSO) | N/A | 0.2 | N/A | N/A | N/A |
| Payables Turnover | N/A | 1.80x | 2.72x | 9.18x | 7.15x |
| Days Payable Outstanding (DPO) | N/A | 203.0 | 134.3 | 39.8 | 51.1 |
| Cash Conversion Cycle | N/A | -202.8 days | -134.3 days | 65.3 days | 0.1 days |
| Asset Turnover | 0.00x | 0.42x | 0.52x | 0.60x | 0.86x |
| Cash flow & dividends | |||||
| Operating Cash Flow | -807 | 11,622 | 3,327 | -9,993 | -12,906 |
| Free Cash Flow (OCF − Capex proxy) | -807 | 671 | -711 | -12,576 | -14,679 |
| Cash Conversion (OCF / EBITDA) | N/A | 416.6% | 73.9% | -97.2% | N/A |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | 0.0% | 0.0% | 0.0% | 0.0% | 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).
Ranked by how close each latest revenue is to this one — not a curated comp set. Open this set in Compare →