PWC Capital Inc revenue increased on 4.9% in 2016 and EBITDA Margin showed almost no change
30.11.2016 • About PWC Capital Inc (
$PWC) • By InTwits
PWC Capital Inc reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
PWC Capital Inc ($PWC) key annual financial indicators
| mln. CAD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 74.216 | 63.262 | 60.804 | 67.644 | 70.938 | 4.9% |
| EBITDA | 50.145 | 41.227 | 37.567 | 41.810 | 43.691 | 4.5% |
| Net Income | -5.072 | -8.926 | -8.112 | -2.934 | -5.016 | |
Balance Sheet
|
|---|
| Cash | 132.766 | 177.294 | 147.301 | 130.614 | 94.175 | -27.9% |
| Short Term Debt | 82.172 | 78.123 | 75.832 | 80.467 | 82.300 | 2.3% |
| 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 | 34.7% | -14.8% | -3.9% | 11.2% | 4.9% | |
| EBITDA growth | 47.5% | -17.8% | -8.9% | 11.3% | 4.5% | |
| EBITDA Margin | 67.6% | 65.2% | 61.8% | 61.8% | 61.6% | -0.2% |
| Net Income Margin | -6.8% | -14.1% | -13.3% | -4.3% | -7.1% | -2.7% |
| ROIC | 0.5% | -3.5% | -3.0% | | | 0.0% |
| ROE | -22.4% | -57.7% | -69.7% | -74.6% | | 74.6% |
| Net Debt/EBITDA | -1.0x | -2.4x | -1.9x | -1.2x | -0.3x | 0.9x |
PWC Capital Inc ($PWC) key quoterly financial indicators
| mln. CAD | FY16Q1 | FY16Q2 | FY16Q3 | FY16Q4 | YoY change |
|---|
P&L
|
|---|
| Revenue | 18 | 18 | 18 | 18 | 9.9% | 10.6% | -3.7% | 4.2% |
| Net Income | -1 | -2 | -1 | -1 | | | -228.4% | |
Balance Sheet
|
|---|
| Cash | 151 | 122 | 142 | 94 | -6.5% | -6.5% | 5.4% | -27.9% |
| Short Term Debt | 81 | 82 | 82 | 82 | 7.5% | 9.4% | 9.1% | 2.3% |
| Long Term Debt | 0 | 0 | 0 | 0 | | | | |
Ratios
|
|---|
| Net Income Margin | -5.7% | -8.9% | -5.6% | -8.2% | 5.5% | 0.1% | -9.7% | -5.3% |
Revenue and profitability
PWC Capital Inc's Revenue increased on 4.9%. Revenue growth showed slow down in FY16Q4 - it was 4.2% YoY. Having declining revenue the company managed to increase EBITDA margin. EBITDA Margin jumped on 16.3 pp from 6.3% to 22.6% in FY2016.
Net Income marign decreased on 2.7 pp from -4.3% to -7.1% in FY2016.
Leverage (Debt)
Company's Net Debt / EBITDA is -0.3x and Debt / EBITDA is 1.9x. Net Debt / EBITDA jumped on 0.9x from -1.2x to -0.3x in FY2016. Debt increased on 2.3% while cash dropped on 27.9%.
Appendix 1: Peers in Financial
Below you can find PWC Capital Inc benchmarking vs. other companies in Financial industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Grenville Strategic Royalty Corp ($GRC) | | | | 317.2% | |
| StorageVault Canada Inc ($SVI) | | 22.2% | 7.5% | 111.8% | |
| Slate Retail REIT ($SRT.UN) | | 316.8% | 229.7% | 92.5% | 21.6% |
| Mogo Finance Technology Inc ($GO) | | 13.7% | 34.6% | 86.0% | 14.6% |
| Morguard Corp ($MRC) | | 27.2% | 9.2% | 58.8% | 4.6% |
| |
|---|
| Median (53 companies) | | 7.5% | 9.1% | 3.0% | 5.8% |
|---|
| PWC Capital Inc ($PWC) | | -14.8% | -3.9% | 11.2% | 4.9% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Olympia Financial Group Inc ($OLY) | 80.9% | 82.6% | 83.2% | 84.5% | 83.5% |
| Morguard Corp ($MRC) | 74.0% | 69.9% | 68.6% | 76.5% | 75.5% |
| Mogo Finance Technology Inc ($GO) | 70.4% | 64.5% | 63.4% | 62.3% | |
| StorageVault Canada Inc ($SVI) | 18.2% | 22.6% | 18.3% | 52.4% | |
| Clarke Inc ($CKI) | 28.1% | 20.0% | 18.9% | 43.4% | 41.6% |
| |
|---|
| Median (9 companies) | 28.1% | 30.7% | 28.3% | 43.4% | 30.3% |
|---|
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Firm Capital Mortgage Investment Corp ($FC) | 87.6% | 87.9% | 88.8% | 86.6% | |
| Equitable Group Inc ($EQB) | 88.1% | 87.4% | 86.0% | 84.7% | 83.0% |
| Atrium Mortgage Investment Corp ($AI) | 79.8% | | | 81.9% | 83.2% |
| Trez Capital Mortgage Investment Corp ($TZZ) | | | | 76.2% | |
| First National Financial Corp ($FN) | 67.8% | 76.5% | 77.1% | 74.6% | |
| |
|---|
| Median (36 companies) | 39.5% | 32.1% | 38.2% | 30.0% | 42.2% |
|---|
| PWC Capital Inc ($PWC) | 67.6% | 65.2% | 61.8% | 61.8% | 61.6% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Dundee Corp ($DC.A) | 10.3% | 14.1% | 88.8% | 123.6% | |
| Gazit-Globe Ltd ($GZT) | 80.2% | 43.3% | 52.1% | 69.3% | 95.5% |
| First Capital Realty Inc ($FCR) | 127.9% | 76.1% | 73.8% | 56.7% | 79.7% |
| Killam Properties Inc ($KMP) | 80.7% | 114.1% | 143.5% | 46.7% | 59.9% |
| StorageVault Canada Inc ($SVI) | 150.5% | 73.3% | 79.1% | 21.4% | |
| |
|---|
| Median (55 companies) | 0.6% | 0.6% | 0.7% | 0.7% | 0.9% |
|---|
| PWC Capital Inc ($PWC) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| CI Financial Corp ($CIX) | | | | | 24.1% |
| FirstService Corp ($FSV) | | | | | 17.4% |
| IGM Financial Inc ($IGM) | 14.2% | 14.2% | 13.7% | 13.7% | 13.1% |
| Alaris Royalty Corp ($AD) | 9.5% | 10.1% | 10.7% | 7.3% | 12.3% |
| Genworth MI Canada Inc ($MIC) | 11.9% | 9.6% | 9.7% | 9.5% | 9.4% |
| |
|---|
| Median (55 companies) | 4.8% | 4.3% | 4.3% | 3.0% | 3.1% |
|---|
| PWC Capital Inc ($PWC) | 0.5% | -3.5% | -3.0% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Element Financial Corp ($EFN) | 140.2x | 31.9x | 37.6x | 79.9x | 22.6x |
| First National Financial Corp ($FN) | 34.3x | 33.7x | 40.9x | 37.4x | |
| StorageVault Canada Inc ($SVI) | 11.2x | 9.7x | 13.6x | 35.7x | |
| Gazit-Globe Ltd ($GZT) | 12.8x | 12.7x | 15.3x | 22.1x | 15.2x |
| Equitable Group Inc ($EQB) | 11.8x | 10.2x | 9.8x | 12.3x | 13.7x |
| |
|---|
| Median (27 companies) | 5.5x | 4.8x | 4.7x | 6.5x | 9.7x |
|---|
| PWC Capital Inc ($PWC) | -1.0x | -2.4x | -1.9x | -1.2x | -0.3x |
