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Poland
In shortCognor Holding S.a. is profitable, burns cash and carries moderate debt, with revenue shrinking (−25.8% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 7.5% | 42/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 8.4% | 54/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 19.8% | 99/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 11.5% | 76/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.76× | 80/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.36× | 91/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.33× | 76/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 3.31× | 17/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.44 | 60/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -3.4% | 6/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -0.41× | 0/100 |
| Years with positive free cash flow (last 5) | 3 of 4 | 69/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 4 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 3 | 44/100 |
| Revenue growth volatility | 44.5% | 0/100 |
| Operating margin volatility | 7.5% | 41/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 16.2% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | 85.9% | 100/100 |
Weight in the score: 10%
Fiscal year 2023 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
PLN millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|
| Revenue | 1,733 | 2,811 | 3,667 | 2,722 |
| Cost of revenue | 1,574 | 2,222 | 2,772 | 2,441 |
| Gross profit | 159 | 589 | 894 | 280 |
| Operating income | 67 | 468 | 723 | 203 |
| Interest expense | 34 | 40 | 43 | 61 |
| Pre-tax income | 32 | 453 | 729 | 265 |
| Income tax | (1.3) | 89 | 118 | 29 |
| Net income | 33 | 343 | 578 | 229 |
| Diluted EPS | zł0.19 | zł2.00 | zł3.37 | zł1.22 |
3.44 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
3/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2023 · Data updated Dec 31, 2023