TWC Enterprises Ltd Net Income jumped on 289% in 2016 while Revenue decreased on 4.2%
28.02.2017 • About TWC Enterprises Ltd (
$TWC) • By InTwits
TWC Enterprises Ltd reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
TWC Enterprises Ltd ($TWC) key annual financial indicators
| mln. CAD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 215.2 | 213.7 | 213.1 | 227.3 | 217.8 | -4.2% |
| Gross Profit | 171.1 | 169.5 | 166.1 | 202.7 | | -100.0% |
| EBITDA | 63.7 | 62.7 | 56.4 | 63.3 | | -100.0% |
| Net Income | 14.6 | 13.2 | 3.5 | 4.3 | 16.6 | 288.8% |
Balance Sheet
|
|---|
| Cash | 0.7 | 1.0 | 1.8 | 2.3 | | -100.0% |
| Short Term Debt | 19.9 | 19.6 | 71.2 | 57.9 | | -100.0% |
| Long Term Debt | 330.1 | 328.8 | 285.0 | 290.7 | | -100.0% |
Cash flow
|
|---|
| Capex | 23.7 | 15.6 | 12.0 | 12.1 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -0.5% | -0.7% | -0.3% | 6.7% | -4.2% | |
| EBITDA growth | 5.8% | -1.5% | -10.0% | 12.3% | | |
| Gross Margin | 79.5% | 79.3% | 78.0% | 89.2% | | -89.2% |
| EBITDA Margin | 29.6% | 29.3% | 26.5% | 27.9% | 0.0% | -27.9% |
| Net Income Margin | 6.8% | 6.2% | 1.6% | 1.9% | 7.6% | 5.7% |
| CAPEX, % of revenue | 11.0% | 7.3% | 5.6% | 5.3% | | -5.3% |
| ROIC | 7.0% | 6.7% | 5.2% | 5.9% | | -5.9% |
| ROE | 7.8% | 7.0% | 1.8% | 2.0% | | -2.0% |
| Net Debt/EBITDA | 5.5x | 5.5x | 6.3x | 5.5x | | -5.5x |
TWC Enterprises Ltd ($TWC) key quoterly financial indicators
| mln. CAD | FY16Q1 | FY16Q2 | FY16Q3 | FY16Q4 | YoY change |
|---|
P&L
|
|---|
| Revenue | 27 | 73 | 97 | 31 | 5.9% | 6.4% | -1.9% | -6.8% |
| EBITDA | 3 | 20 | 39 | 2 | 7.3% | 11.7% | -1.7% | -33.4% |
| Net Income | -6 | 6 | 18 | -1 | | 25.7% | 0.7% | |
Balance Sheet
|
|---|
| Cash | 2 | 3 | 2 | 2 | -4.5% | 103.0% | -43.7% | 5.8% |
| Short Term Debt | 22 | 21 | 21 | 68 | -64.3% | -37.1% | -13.5% | 16.6% |
| Long Term Debt | 299 | 303 | 288 | 250 | 7.8% | -1.4% | -7.4% | -14.1% |
Ratios
|
|---|
| Gross Margin | 95.8% | 88.9% | 88.3% | 90.0% | 0.6% | 0.5% | -0.1% | 1.7% |
| EBITDA Margin | 9.3% | 28.1% | 40.0% | 6.4% | 0.1% | 1.3% | 0.1% | -2.6% |
| Net Income Margin | -20.9% | 8.1% | 18.3% | -4.6% | 7.7% | 1.2% | 0.5% | 27.3% |
Revenue and profitability
TWC Enterprises Ltd's Revenue decreased on 4.2%. Revenue decline showed acceleration in FY16Q4 - it was 6.8% YoY.
Net Income marign increased on 5.7 pp from 1.9% to 7.6% in FY2016.
Appendix 1: Peers in Diversified
Below you can find TWC Enterprises Ltd benchmarking vs. other companies in Diversified industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Tellza Communications Inc ($TEL) | | 51.1% | 56.1% | 26.0% | |
| Sherritt International Corp ($S) | | -5.6% | 1.6% | -26.3% | -21.9% |
| |
|---|
| Median (2 companies) | | 22.7% | 28.9% | -0.1% | -21.9% |
|---|
| TWC Enterprises Ltd ($TWC) | | -0.7% | -0.3% | 6.7% | -4.2% |
Top companies by Gross margin, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Sherritt International Corp ($S) | 45.3% | 30.5% | 30.2% | 5.3% | -0.4% |
| Tellza Communications Inc ($TEL) | | 5.5% | 3.8% | 3.0% | |
| |
|---|
| Median (2 companies) | 45.3% | 18.0% | 17.0% | 4.2% | -0.4% |
|---|
| TWC Enterprises Ltd ($TWC) | 79.5% | 79.3% | 78.0% | 89.2% | |
Top companies by EBITDA margin, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Sherritt International Corp ($S) | 50.7% | 33.0% | 36.9% | 27.0% | 10.7% |
| Tellza Communications Inc ($TEL) | | 2.5% | 1.2% | 0.9% | |
| |
|---|
| Median (2 companies) | 50.7% | 17.7% | 19.1% | 13.9% | 10.7% |
|---|
| TWC Enterprises Ltd ($TWC) | 29.6% | 29.3% | 26.5% | 27.9% | |
Top companies by CAPEX/Revenue, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Sherritt International Corp ($S) | 12.3% | 15.1% | 17.7% | 23.5% | 8.8% |
| Tellza Communications Inc ($TEL) | | 0.6% | 0.3% | 0.3% | |
| |
|---|
| Median (2 companies) | 12.3% | 7.8% | 9.0% | 11.9% | 8.8% |
|---|
| TWC Enterprises Ltd ($TWC) | 11.0% | 7.3% | 5.6% | 5.3% | |
Top companies by ROIC, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Sherritt International Corp ($S) | 2.6% | 1.0% | 1.2% | -0.6% | -1.8% |
| Tellza Communications Inc ($TEL) | | | 7.6% | 7.8% | |
| |
|---|
| Median (2 companies) | 2.6% | 1.0% | 4.4% | 3.6% | -1.8% |
|---|
| TWC Enterprises Ltd ($TWC) | 7.0% | 6.7% | 5.2% | 5.9% | |
Top companies by Net Debt / EBITDA
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Sherritt International Corp ($S) | 7.9x | 14.7x | 10.1x | 22.4x | 70.0x |
| Tellza Communications Inc ($TEL) | | -0.8x | -2.2x | -0.5x | |
| |
|---|
| Median (2 companies) | 7.9x | 6.9x | 4.0x | 11.0x | 70.0x |
|---|
| TWC Enterprises Ltd ($TWC) | 5.5x | 5.5x | 6.3x | 5.5x | |
