Omni-Lite Industries Canada Inc Net Income surged on 88.6% in 2015 and EBITDA Margin increased on 5.8 pp from 20.4% to 26.2%
29.04.2016 • About Omni-Lite Industries Canada Inc (
$OML) • By InTwits
Omni-Lite Industries Canada Inc reported 2015 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Omni-Lite Industries Canada Inc has high CAPEX intensity: 5 year average CAPEX/Revenue was 16.4%. At the same time it's a lot of higher than industry average of 6.2%.
- CAPEX is quite volatile: 1.4 in 2015, 0.85 in 2014, 0.77 in 2013, 1.3 in 2012, 0.64 in 2011
- The company has potentially unprofitable business model: ROIC is at 4.8%
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Omni-Lite Industries Canada Inc ($OML) key annual financial indicators
| mln. $ | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 6.514 | 5.371 | 5.301 | 5.850 | 7.480 | 27.9% |
| Gross Profit | 4.014 | 2.972 | 2.912 | 3.214 | 4.098 | 27.5% |
| SG&A | | | | | 0.905 | |
| EBITDA | 1.784 | 0.950 | 0.901 | 1.191 | 1.959 | 64.5% |
| Net Income | 1.959 | 0.210 | 0.138 | 0.469 | 0.885 | 88.6% |
Balance Sheet
|
|---|
| Cash | 5.231 | 2.746 | 1.925 | 1.687 | 1.052 | -37.7% |
| Short Term Debt | 1.460 | 0.924 | 0.300 | 0.000 | 0.000 | |
| Long Term Debt | 0.179 | 0.000 | 0.000 | 0.000 | 0.000 | |
Cash flow
|
|---|
| Capex | 0.640 | 1.302 | 0.770 | 0.854 | 1.412 | 65.4% |
Ratios
|
|---|
| Revenue growth | -8.5% | -17.6% | -1.3% | 10.4% | 27.9% | |
| EBITDA growth | -39.2% | -46.8% | -5.1% | 32.1% | 64.5% | |
| Gross Margin | 61.6% | 55.3% | 54.9% | 54.9% | 54.8% | -0.1% |
| EBITDA Margin | 27.4% | 17.7% | 17.0% | 20.4% | 26.2% | 5.8% |
| Net Income Margin | 30.1% | 3.9% | 2.6% | 8.0% | 11.8% | 3.8% |
| SG&A, % of revenue | | | | | 12.1% | 12.1% |
| CAPEX, % of revenue | 9.8% | 24.2% | 14.5% | 14.6% | 18.9% | 4.3% |
| ROIC | 3.9% | 0.4% | -0.3% | 1.1% | 4.8% | 3.7% |
| ROE | 12.3% | 1.1% | 0.8% | 2.6% | 4.9% | 2.3% |
| Net Debt/EBITDA | -2.0x | -1.9x | -1.8x | -1.4x | -0.5x | 0.9x |
Revenue and profitability
Omni-Lite Industries Canada Inc's Revenue jumped on 27.9% in 2015. Having declining revenue the company managed to increase EBITDA margin. EBITDA Margin increased slightly on 0.61 pp from 6.8% to 7.4% in FY2015.
Gross Margin showed almost no change in 2015.
Net Income marign increased on 3.8 pp from 8.0% to 11.8% in 2015.
Capital expenditures (CAPEX) and working capital investments
In 2015 the company had CAPEX/Revenue of 18.9%. Omni-Lite Industries Canada Inc showed decline in CAPEX/Revenue of 5.4 pp from 24.2% in 2012 to 18.9% in 2015. For the last three years the average CAPEX/Revenue was 16.0%.To maintain this fast growth the company invested a large share of EBITDA (72.1%) to CAPEX.
Return on investment
The company operates at low ROIC (4.81%) and ROE (4.85%). ROIC increased on 3.7 pp from 1.1% to 4.8% in 2015. ROE increased on 2.3 pp from 2.6% to 4.9% in 2015.
Leverage (Debt)
The company has no debt. Cash dropped on 37.7% in 2015.
Appendix 1: Peers in Industrial
Below we provide Omni-Lite Industries Canada Inc benchmarking against other companies in Industrial 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 |
|---|
| Diversified Royalty Corp ($DIV) | | | | | 503.3% |
| Electrovaya Inc ($EFL) | | -4.0% | -71.2% | 160.5% | 123.8% |
| WSP Global Inc ($WSP) | | 92.9% | 60.3% | 44.0% | 108.9% |
| CEMATRIX Corp ($CVX) | | 9.2% | -5.6% | 7.9% | 76.5% |
| Lumenpulse Inc ($LMP) | | 56.7% | 33.9% | 47.0% | 61.8% |
| |
|---|
| Median (92 companies) | -0.2% | 11.5% | 5.3% | 9.1% | 10.0% |
|---|
| Omni-Lite Industries Canada Inc ($OML) | | -17.6% | -1.3% | 10.4% | 27.9% |
Top companies by Gross margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Pure Technologies Ltd ($PUR) | 75.7% | 77.9% | 78.0% | 77.5% | 75.6% |
| WSP Global Inc ($WSP) | 81.1% | 81.1% | 83.2% | 81.0% | 74.0% |
| FLYHT Aerospace Solutions Ltd ($FLY) | 54.0% | 57.2% | 59.2% | 62.9% | 69.3% |
| Alarmforce Industries Inc ($AF) | 76.4% | 75.0% | 76.5% | 72.2% | 69.2% |
| Epicore BioNetworks Inc ($EBN) | 59.0% | 60.8% | 63.2% | 64.1% | 58.1% |
| |
|---|
| Median (86 companies) | 23.2% | 23.0% | 23.3% | 22.6% | 23.7% |
|---|
| Omni-Lite Industries Canada Inc ($OML) | 61.6% | 55.3% | 54.9% | 54.9% | 54.8% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Canadian National Railway Co ($CNR) | 46.3% | 46.5% | 45.9% | 46.8% | 50.9% |
| Canadian Pacific Railway Ltd ($CP) | 28.1% | 26.1% | 32.4% | 43.7% | 48.9% |
| Vitreous Glass Inc ($VCI) | 29.0% | 31.4% | 32.2% | 37.8% | 39.0% |
| Photon Control Inc ($PHO) | 8.1% | 17.6% | 24.8% | 29.3% | 38.3% |
| Evertz Technologies Ltd ($ET) | 37.2% | 29.6% | 29.1% | 23.0% | 27.0% |
| |
|---|
| Median (87 companies) | 8.1% | 9.2% | 8.3% | 7.2% | 7.7% |
|---|
| Omni-Lite Industries Canada Inc ($OML) | 27.4% | 17.7% | 17.0% | 20.4% | 26.2% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Newalta Corp ($NAL) | 17.2% | 21.7% | 34.5% | 35.1% | 42.0% |
| Cargojet Inc ($CJT.A) | 6.8% | 7.0% | 6.3% | 54.1% | 41.3% |
| Algoma Central Corp ($ALC) | 6.6% | 15.9% | 7.3% | 5.0% | 27.4% |
| Canadian Pacific Railway Ltd ($CP) | 21.3% | 20.2% | 20.2% | 21.9% | 22.7% |
| Canadian National Railway Co ($CNR) | 18.0% | 17.4% | 18.7% | 18.9% | 21.5% |
| |
|---|
| Median (91 companies) | 2.4% | 3.0% | 3.5% | 3.1% | 3.2% |
|---|
| Omni-Lite Industries Canada Inc ($OML) | 9.8% | 24.2% | 14.5% | 14.6% | 18.9% |
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Biorem Inc ($BRM) | -141.4% | -15.1% | 32.3% | -29.7% | 54.4% |
| Vitreous Glass Inc ($VCI) | 26.1% | 30.5% | 32.3% | 48.3% | 51.0% |
| Photon Control Inc ($PHO) | 10.1% | 21.0% | 44.4% | 38.0% | 40.6% |
| Pacific Safety Products Inc ($PSP) | -19.0% | -1.5% | -11.5% | 3.7% | 38.2% |
| CEMATRIX Corp ($CVX) | 15.7% | 6.4% | -2.4% | -6.7% | 30.4% |
| |
|---|
| Median (92 companies) | 9.1% | 10.0% | 8.5% | 9.1% | 8.5% |
|---|
| Omni-Lite Industries Canada Inc ($OML) | 3.9% | 0.4% | -0.3% | 1.1% | 4.8% |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Conifex Timber Inc ($CFF) | | | 2.7x | 6.1x | 35.9x |
| Ag Growth International Inc ($AFN) | 2.4x | 2.9x | -0.1x | 2.1x | 14.1x |
| Cargojet Inc ($CJT.A) | 1.8x | 1.5x | 1.5x | 31.5x | 12.9x |
| Progressive Waste Solutions Ltd ($BIN) | 2.5x | 4.5x | 3.3x | 2.9x | 10.6x |
| Finning International Inc ($FTT) | 1.8x | 2.3x | 1.8x | 1.4x | 9.4x |
| |
|---|
| Median (74 companies) | 1.1x | 1.5x | 1.5x | 1.3x | 1.0x |
|---|
| Omni-Lite Industries Canada Inc ($OML) | -2.0x | -1.9x | -1.8x | -1.4x | -0.5x |
