CRH Medical Corp Net Income surged on 243% in 2016 and Revenue surged on 70.2%
22.02.2017 • About CRH Medical Corp (
$CRH) • By InTwits
CRH Medical Corp reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
CRH Medical Corp ($CRH) key annual financial indicators
| mln. $ | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 6.829 | 7.683 | 11.984 | 46.048 | 78.355 | 70.2% |
| Gross Profit | 3.058 | 3.516 | 6.300 | 18.576 | | -100.0% |
| EBITDA | 1.435 | 1.882 | 3.489 | 20.291 | | -100.0% |
| Net Income | 1.332 | 2.493 | 1.498 | 3.076 | 10.564 | 243.4% |
Balance Sheet
|
|---|
| Cash | 4.512 | 6.603 | 4.134 | 3.572 | | -100.0% |
| Short Term Debt | 0.000 | 0.000 | 6.613 | 3.818 | | -100.0% |
| Long Term Debt | 0.000 | 0.000 | 39.509 | 26.920 | | -100.0% |
Cash flow
|
|---|
| Capex | 0.018 | 0.020 | 0.095 | 0.185 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 23.7% | 12.5% | 56.0% | 284.2% | 70.2% | |
| EBITDA growth | 17.4% | 31.1% | 85.4% | 481.6% | | |
| Gross Margin | 44.8% | 45.8% | 52.6% | 40.3% | | -40.3% |
| EBITDA Margin | 21.0% | 24.5% | 29.1% | 44.1% | 0.0% | -44.1% |
| Net Income Margin | 19.5% | 32.4% | 12.5% | 6.7% | 13.5% | 6.8% |
| CAPEX, % of revenue | 0.3% | 0.3% | 0.8% | 0.4% | | -0.4% |
| ROIC | 27.8% | 27.3% | 8.3% | 17.9% | | -17.9% |
| ROE | 28.4% | 36.0% | 11.1% | 9.2% | | -9.2% |
| Net Debt/EBITDA | -3.1x | -3.5x | 12.0x | 1.3x | | -1.3x |
CRH Medical Corp ($CRH) key quoterly financial indicators
| mln. $ | FY16Q1 | FY16Q2 | FY16Q3 | FY16Q4 | YoY change |
|---|
P&L
|
|---|
| Revenue | 14 | 17 | 22 | 26 | 43.8% | 52.4% | 90.4% | |
| EBITDA | 6 | 8 | 11 | 14 | 36.0% | 72.8% | 180.1% | |
| Net Income | 3 | 1 | 3 | 3 | 53.6% | | 71.2% | |
Balance Sheet
|
|---|
| Cash | 7 | 4 | 11 | 10 | -58.9% | -79.0% | -15.8% | |
| Short Term Debt | 4 | 8 | 8 | 6 | 37.2% | -46.8% | -46.6% | |
| Long Term Debt | 27 | 47 | 44 | 38 | -22.3% | 87.6% | 79.9% | |
Ratios
|
|---|
| Gross Margin | 35.2% | 36.6% | 33.8% | 39.6% | -8.3% | -8.3% | -0.5% | |
| EBITDA Margin | 46.5% | 48.2% | 51.3% | 53.9% | -2.7% | 5.7% | 16.4% | |
| Net Income Margin | 21.4% | 7.7% | 13.0% | 13.4% | 1.4% | 13.9% | -1.5% | |
Revenue and profitability
CRH Medical Corp's Revenue jumped on 70.2%.
Net Income marign increased on 6.8 pp from 6.7% to 13.5% in FY2016.
Appendix 1: Peers in Consumer, Non-cyclical
Below you can find CRH Medical Corp benchmarking vs. other companies in Consumer, Non-cyclical 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 |
|---|
| Concordia Healthcare Corp ($CXR) | | | 159.5% | 275.7% | 107.0% |
| Heritage Global Inc ($HGP) | | -37.0% | 76.2% | 11.2% | 80.8% |
| EnerCare Inc ($ECI) | | 8.6% | 21.1% | 55.7% | 76.6% |
| Nuvo Research Inc ($NRI) | | -25.3% | -29.1% | 57.0% | 31.9% |
| Savaria Corp ($SIS) | | 13.5% | 9.5% | 14.9% | 25.7% |
| |
|---|
| Median (40 companies) | | 8.5% | 13.7% | 14.9% | 12.6% |
|---|
| CRH Medical Corp ($CRH) | | 12.5% | 56.0% | 284.2% | 70.2% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Cipher Pharmaceuticals Inc ($CPH) | | 99.5% | 98.3% | 92.7% | |
| Ritchie Bros Auctioneers Inc ($RBA) | 88.7% | 88.4% | 88.0% | 89.1% | 88.3% |
| Information Services Corp ($ISV) | 77.5% | 80.4% | 80.9% | 87.6% | 85.1% |
| Biosyent Inc ($RX) | 79.3% | 79.2% | 78.1% | 78.7% | |
| Concordia Healthcare Corp ($CXR) | | 79.4% | 86.0% | 76.1% | 72.9% |
| |
|---|
| Median (34 companies) | 29.5% | 35.0% | 35.6% | 33.4% | 31.1% |
|---|
| CRH Medical Corp ($CRH) | 44.8% | 45.8% | 52.6% | 40.3% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Valeant Pharmaceuticals International Inc ($VRX) | 30.6% | 27.8% | 45.6% | 39.8% | 23.8% |
| Concordia Healthcare Corp ($CXR) | | 43.7% | 37.0% | 39.8% | -92.8% |
| Ritchie Bros Auctioneers Inc ($RBA) | 36.8% | 36.3% | 36.4% | 39.7% | 31.4% |
| EnerCare Inc ($ECI) | 52.8% | 51.0% | 45.5% | 39.3% | 26.6% |
| Information Services Corp ($ISV) | 39.6% | 39.6% | 37.6% | 36.1% | 32.7% |
| |
|---|
| Median (43 companies) | 9.1% | 12.0% | 12.7% | 11.0% | 10.1% |
|---|
| CRH Medical Corp ($CRH) | 21.0% | 24.5% | 29.1% | 44.1% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| ProMetic Life Sciences Inc ($PLI) | 2.1% | 33.6% | 34.6% | 23.3% | |
| EnerCare Inc ($ECI) | 25.7% | 26.5% | 23.6% | 20.7% | 15.5% |
| Black Diamond Group Ltd ($BDI) | 61.9% | 27.5% | 31.0% | 17.6% | |
| easyhome Ltd ($EH) | 32.2% | 25.6% | 21.6% | 16.9% | 12.7% |
| K-Bro Linen Inc ($KBL) | 10.0% | 19.0% | 11.4% | 16.6% | |
| |
|---|
| Median (42 companies) | 3.1% | 2.8% | 2.4% | 2.4% | 2.1% |
|---|
| CRH Medical Corp ($CRH) | 0.3% | 0.3% | 0.8% | 0.4% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Information Services Corp ($ISV) | 71.8% | 72.8% | 58.9% | 38.1% | 27.6% |
| Colliers International Group Inc ($CIG) | 10.5% | 11.2% | 15.2% | 10.9% | 26.1% |
| Nuvo Research Inc ($NRI) | -11.6% | -17.4% | -37.9% | 12.9% | 20.8% |
| International Road Dynamics Inc ($IRD) | 0.9% | 6.7% | 4.4% | 10.6% | 16.5% |
| Premium Brands Holdings Corp ($PBH) | 10.3% | 9.9% | 6.9% | 12.6% | 15.3% |
| |
|---|
| Median (43 companies) | 8.6% | 7.5% | 8.5% | 6.3% | 8.0% |
|---|
| CRH Medical Corp ($CRH) | 27.8% | 27.3% | 8.3% | 17.9% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Concordia Healthcare Corp ($CXR) | | -1.3x | 5.6x | 20.2x | |
| SunOpta Inc ($SOY) | 2.9x | 3.5x | 1.3x | 16.9x | 140.8x |
| Centric Health Corp ($CHH) | 5.6x | 10.2x | 11.2x | 15.6x | |
| Sienna Senior Living Inc ($SIA) | 9.5x | 11.8x | 9.2x | 9.1x | 9.1x |
| Valeant Pharmaceuticals International Inc ($VRX) | 9.5x | 10.4x | 4.0x | 7.3x | 12.7x |
| |
|---|
| Median (37 companies) | 2.9x | 2.3x | 3.3x | 2.8x | 2.8x |
|---|
| CRH Medical Corp ($CRH) | -3.1x | -3.5x | 12.0x | 1.3x | |
