Forstel Group ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Forstel Group ApS
Forstel Group ApS (CVR number: 38643355) is a company from KØBENHAVN. The company reported a net sales of 3 mDKK in 2023, demonstrating a decline of -21.9 % compared to the previous year. The operating profit percentage was poor at -21.2 % (EBIT: -0.6 mDKK), while net earnings were -654.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -20.9 %, which can be considered poor and Return on Equity (ROE) was -25.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 76.7 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Forstel Group ApS's liquidity measured by quick ratio was 4.2 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 10 886.92 | 16 894.41 | 5 214.24 | 3 885.09 | 3 035.06 |
Gross profit | 2 133.39 | 3 052.76 | 3 053.05 | 2 479.67 | 1 328.80 |
EBIT | 74.75 | 593.99 | 246.57 | 264.22 | - 642.92 |
Net earnings | 68.62 | 513.04 | 533.30 | 402.00 | - 654.48 |
Shareholders equity total | 1 454.89 | 1 967.93 | 2 501.23 | 2 903.22 | 2 248.74 |
Balance sheet total (assets) | 1 659.59 | 3 373.47 | 2 969.57 | 3 480.57 | 2 931.44 |
Net debt | - 746.84 | -1 903.82 | - 997.73 | - 665.04 | - 541.25 |
Profitability | |||||
EBIT-% | 0.7 % | 3.5 % | 4.7 % | 6.8 % | -21.2 % |
ROA | 4.6 % | 25.8 % | 18.8 % | 14.5 % | -20.9 % |
ROE | 4.8 % | 30.0 % | 23.9 % | 14.9 % | -25.4 % |
ROI | 5.2 % | 36.5 % | 26.0 % | 17.0 % | -25.7 % |
Economic value added (EVA) | 73.84 | 480.24 | 329.79 | 238.88 | - 629.40 |
Solvency | |||||
Equity ratio | 87.7 % | 58.3 % | 84.2 % | 83.4 % | 76.7 % |
Gearing | |||||
Relative net indebtedness % | -5.6 % | -3.3 % | -11.1 % | -7.7 % | -5.6 % |
Liquidity | |||||
Quick ratio | 9.0 | 1.8 | 4.4 | 5.7 | 4.2 |
Current ratio | 9.0 | 1.8 | 4.4 | 5.7 | 4.2 |
Cash and cash equivalents | 746.84 | 1 903.82 | 997.73 | 665.04 | 541.25 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 2.2 | 3.0 | 0.6 | ||
Net working capital % | 10.1 % | 6.5 % | 27.2 % | 44.1 % | 39.6 % |
Credit risk | |||||
Credit rating | BBB | BBB | A | A | BB |
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