PWC Capital Inc reports 11.3% EBITDA growth and almost no change in EBITDA Margin of 61.8%
03.12.2015 • About PWC Capital Inc (
$PWC) • By InTwits
PWC Capital Inc reported FY2015 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
PWC Capital Inc ($PWC) key annual financial indicators
| mln. CAD | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 55.113 | 74.216 | 63.262 | 60.804 | 67.644 | 11.2% |
| EBITDA | 33.996 | 50.145 | 41.227 | 37.567 | 41.810 | 11.3% |
| Net Income | -15.830 | -5.072 | -8.926 | -8.112 | -2.934 | -63.8% |
Balance Sheet
|
|---|
| Cash | 194.899 | 132.766 | 177.294 | 147.301 | 130.614 | -11.3% |
| Short Term Debt | 77.581 | 82.172 | 78.123 | 75.832 | 80.467 | 6.1% |
| Long Term Debt | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
Cash flow
|
|---|
| Capex | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
Ratios
|
|---|
| Revenue growth | -11.2% | 34.7% | -14.8% | -3.9% | 11.2% | |
| EBITDA growth | -24.0% | 47.5% | -17.8% | -8.9% | 11.3% | |
| EBITDA Margin | 61.7% | 67.6% | 65.2% | 61.8% | 61.8% | 0.0% |
| Net Income Margin | -28.7% | -6.8% | -14.1% | -13.3% | -4.3% | 9.0% |
| ROIC | -9.5% | 0.5% | -3.5% | -3.0% | | 3.0% |
| ROE | -71.5% | -22.4% | -57.7% | -69.7% | -74.6% | -4.9% |
| Net Debt/EBITDA | -3.5x | -1.0x | -2.4x | -1.9x | -1.2x | 0.7x |
Revenue and profitability
PWC Capital Inc's Revenue surged on 11.2% in FY2015. Despite revenue decline the EBITDA margin expanded. EBITDA Margin increased on 4.0 pp from 23.1% to 27.0% in FY2015.
Net Income marign increased on 9.0 pp from -13.3% to -4.3% in FY2015.
Leverage (Debt)
Company's Net Debt / EBITDA is -1.2x and Debt / EBITDA is 1.9x. Net Debt / EBITDA jumped on 0.7x from -1.9x to -1.2x in FY2015. Debt increased on 6.1% in FY2015 while cash dropped on 11.3% in FY2015.
Appendix 1: Peers in Financial
Below we provide PWC Capital Inc benchmarking against other companies in Financial industry for the last 5 years. We show data for the top-5 companies by key financial metric together with the median value for all the companies in the industry.
Top companies by Revenue growth, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Westaim Corp/The ($WED) | 35.7% | -99.9% | 38.0% | 5,680.8% | |
| Wall Financial Corp ($WFC) | | 35.2% | -74.1% | 285.4% | -75.3% |
| Element Financial Corp ($EFN) | | | 206.6% | 189.1% | |
| DealNet Capital Corp ($DLS) | -73.3% | 4,437.5% | 540.4% | 112.7% | |
| Gluskin Sheff + Associates Inc ($GS) | | -39.1% | 60.6% | 97.9% | -33.5% |
| |
|---|
| Median (72 companies) | 10.6% | 7.7% | 7.2% | 8.9% | 0.9% |
|---|
| PWC Capital Inc ($PWC) | | 34.7% | -14.8% | -3.9% | 11.2% |
Top companies by Gross margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Olympia Financial Group Inc ($OLY) | 85.3% | 80.9% | 82.6% | 83.2% | |
| Morguard Corp ($MRC) | 74.8% | 74.0% | 69.9% | 68.6% | |
| DealNet Capital Corp ($DLS) | | 14.9% | 36.7% | 45.6% | |
| Brookfield Asset Management Inc ($BAM.A) | 34.3% | 25.6% | 30.7% | 28.6% | |
| Onex Corp ($OCX) | 20.0% | 20.1% | 26.2% | 27.9% | |
| |
|---|
| Median (11 companies) | 25.2% | 22.6% | 25.7% | 20.5% | 16.9% |
|---|
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Firm Capital Mortgage Investment Corp ($FC) | 88.7% | 87.6% | 87.9% | 88.8% | |
| Equitable Group Inc ($EQB) | 89.7% | 88.1% | 87.4% | 86.0% | |
| Alaris Royalty Corp ($AD) | 97.0% | 81.3% | 61.8% | 81.8% | |
| Brookfield Real Estate Services Inc ($BRE) | 77.1% | 77.7% | 77.9% | 78.4% | |
| First National Financial Corp ($FN) | 66.1% | 67.8% | 76.5% | 77.1% | |
| |
|---|
| Median (48 companies) | 34.5% | 29.5% | 32.0% | 30.5% | 47.9% |
|---|
| PWC Capital Inc ($PWC) | 61.7% | 67.6% | 65.2% | 61.8% | 61.8% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Killam Properties Inc ($KMP) | 73.6% | 80.7% | 114.1% | 143.5% | |
| Dundee Corp ($DC.A) | | 10.3% | 14.1% | 88.8% | 123.6% |
| StorageVault Canada Inc ($SVI) | 29.6% | 150.5% | 73.3% | 79.1% | |
| Mainstreet Equity Corp ($MEQ) | 152.4% | 115.8% | 62.3% | 75.8% | |
| First Capital Realty Inc ($FCR) | 102.8% | 127.9% | 76.1% | 73.8% | |
| |
|---|
| Median (74 companies) | 1.3% | 1.7% | 0.8% | 1.1% | 2.1% |
|---|
| PWC Capital Inc ($PWC) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Gluskin Sheff + Associates Inc ($GS) | 71.3% | 21.0% | 82.9% | 153.9% | 63.6% |
| Brookfield Real Estate Services Inc ($BRE) | 17.1% | 26.0% | 31.0% | 47.0% | |
| Redishred Capital Corp ($KUT) | -3.9% | -24.5% | 6.5% | 15.8% | |
| IGM Financial Inc ($IGM) | 15.3% | 14.2% | 14.2% | 13.7% | |
| Street Capital Group Inc ($SCB) | 2.3% | 10.9% | 11.0% | 13.4% | |
| |
|---|
| Median (76 companies) | 5.3% | 4.8% | 4.6% | 4.8% | 5.4% |
|---|
| PWC Capital Inc ($PWC) | -9.5% | 0.5% | -3.5% | -3.0% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| First National Financial Corp ($FN) | 37.6x | 34.3x | 33.7x | 40.9x | |
| Element Financial Corp ($EFN) | | 140.2x | 31.9x | 37.6x | |
| Gazit-Globe Ltd ($GZT) | 14.8x | 12.8x | 12.7x | 15.3x | |
| Morguard Corp ($MRC) | 7.5x | 8.9x | | 14.2x | |
| StorageVault Canada Inc ($SVI) | 6.0x | 11.2x | 9.7x | 13.6x | |
| |
|---|
| Median (40 companies) | 5.3x | 5.5x | 5.0x | 4.5x | 6.6x |
|---|
| PWC Capital Inc ($PWC) | -3.5x | -1.0x | -2.4x | -1.9x | -1.2x |
