JP Elektroprivreda BiH dd Sarajevo

JP Elektroprivreda BiH dd Sarajevo maintains a conservative capital structure characterized by low leverage and strong equity backing. The debt-to-equity ratio stands at 0.04, indicating minimal reliance on long-term debt relative to shareholder equity. Total equity amounts to 2,556,828,650 BAM, significantly outweighing total liabilities of 501,917,520 BAM. Liquidity is supported by a current ratio of 1.94, suggesting adequate short-term assets to cover immediate obligations. However, the company reports negative net cash after subtracting total debt, a key flag in its risk assessment. Cash and equivalents total 38,996,910 BAM, while long-term debt is 108,618,150 BAM.

Profitability metrics reveal operational challenges despite a substantial gross profit of 485,433,140 BAM on revenues of 1,462,175,060 BAM. The company incurred an operating loss of 60,024,580 BAM and a net loss of 52,396,360 BAM in the latest period. Return on equity is negligible at 0.0048, and return on assets is 0.004, indicating inefficient capital deployment relative to the asset base of 3,058,746,170 BAM. These returns are likely below cohort medians for the Electric Utilities industry, where stable cash flows and positive operating income are typical. The negative operating income suggests high operating costs or regulatory pricing pressures that compress margins below the gross profit level.

Segment and geographic data are not explicitly detailed in the provided financial snapshot, but the company’s primary activity is identified as Electric Utilities within Bosnia and Herzegovina. As a domestic utility, revenue concentration is inherently high within the local market. The absence of diversified geographic segments implies that the company’s financial performance is tightly coupled with the economic conditions and regulatory environment of Bosnia and Herzegovina. This lack of geographic diversification increases exposure to local macroeconomic shocks and regulatory changes.

Growth trajectory analysis is limited by the absence of historical period data in the input. The latest revenue figure of 1,462,175,060 BAM provides a baseline, but year-over-year trends cannot be calculated from the available information. Without historical revenue or net income data, it is not possible to assess the direction of growth or decline. The current net loss indicates a deterioration in profitability compared to any hypothetical prior profitable period, but specific growth rates remain undisclosed.

Risk factors include medium liquidity risk and low dilution risk. The key flag of negative net cash highlights a potential constraint on financial flexibility, despite the low debt-to-equity ratio. The company’s free cash flow is negative at -60,986,230 BAM, driven by capital expenditures of 146,014,350 BAM that exceed operating cash flow of 18,251,120 BAM. This cash burn suggests ongoing investment needs or maintenance costs that are not fully covered by current operations. The low dilution risk is supported by the fact that basic and diluted shares outstanding are identical at 31,506,541, indicating no significant options or convertible securities currently impacting share count.

Recent events and observations are not detailed in the provided filing, news, or transcript sections. The competitor context lists Duke Energy, NextEra Energy, and Southern Company, but no specific comparative data or recent strategic moves are provided for these entities. The absence of recent filing or news observations limits the ability to assess immediate catalysts or management signals. The company’s current financial position reflects a static snapshot without recent disclosed changes in strategy or operations.

Net income improved 100.5% year-over-year, narrowing the loss to BAM 52.4 million from BAM 57.6 million previously.

Operating income surged 115.9% year-over-year, reducing the operating loss to BAM 60.0 million from BAM 66.9 million.

Gross profit increased to BAM 485.4 million, up from BAM 443.5 million, indicating improved core operational efficiency.

Long-term debt decreased significantly to BAM 108.6 million, down from BAM 144.4 million, strengthening the balance sheet.

The company remains unprofitable with a net loss of BAM 52.4 million, reflecting persistent fundamental challenges.

Free cash flow turned negative at BAM 61.0 million, worsening from a negative BAM 22.3 million previously.

The company faces high credit risk and medium liquidity risk, posing significant financial stability concerns.