Savanna Energy Services Corp revenue dropped on 27.4% in 2016
08.03.2017 • About Savanna Energy Services Corp (
$SVY) • By InTwits
Savanna Energy Services Corp reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts: Savanna Energy Services Corp is a company in decline: FY2016 revenue growth was -27.4%, 5 years revenue CAGR was -11.9%.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Savanna Energy Services Corp ($SVY) key annual financial indicators
| mln. CAD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 669.3 | 696.6 | 791.9 | 446.1 | 323.9 | -27.4% |
| Gross Profit | 115.0 | 116.2 | 110.6 | 31.5 | | -100.0% |
| SG&A | 51.0 | 59.0 | 58.2 | 43.3 | | -100.0% |
| EBITDA | 137.5 | 143.9 | -235.2 | -32.9 | | |
| Net Income | 37.5 | 30.2 | -249.3 | -171.8 | -58.3 | |
Balance Sheet
|
|---|
| Cash | 13.5 | 20.8 | 6.3 | 5.8 | | -100.0% |
| Short Term Debt | 1.8 | 12.6 | 4.5 | 6.4 | | -100.0% |
| Long Term Debt | 241.1 | 241.0 | 343.4 | 272.0 | | -100.0% |
Cash flow
|
|---|
| Capex | 167.3 | 124.9 | 246.9 | 57.8 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 9.6% | 4.1% | 13.7% | -43.7% | -27.4% | |
| EBITDA growth | 5.5% | 4.6% | -263.5% | -86.0% | | |
| Gross Margin | 17.2% | 16.7% | 14.0% | 7.1% | | -7.1% |
| EBITDA Margin | 20.5% | 20.7% | -29.7% | -7.4% | 0.0% | 7.4% |
| Net Income Margin | 5.6% | 4.3% | -31.5% | -38.5% | -18.0% | 20.5% |
| SG&A, % of revenue | 7.6% | 8.5% | 7.4% | 9.7% | | -9.7% |
| CAPEX, % of revenue | 25.0% | 17.9% | 31.2% | 12.9% | | -12.9% |
| ROIC | 5.4% | 4.5% | -29.3% | -15.9% | | 15.9% |
| ROE | 4.4% | 3.4% | -32.6% | -30.4% | | 30.4% |
| Net Debt/EBITDA | 1.7x | 1.6x | | | | 0.0x |
Savanna Energy Services Corp ($SVY) key quoterly financial indicators
| mln. CAD | FY16Q1 | FY16Q2 | FY16Q3 | FY16Q4 | YoY change |
|---|
P&L
|
|---|
| Revenue | 94 | 55 | 71 | 104 | -39.3% | -40.8% | -27.5% | 3.4% |
| EBITDA | 20 | 8 | 11 | 10 | -39.0% | -67.6% | -51.3% | |
| Net Income | -10 | -16 | -11 | -19 | -200.4% | | | |
Balance Sheet
|
|---|
| Cash | 8 | 12 | 6 | 19 | -52.4% | -5.7% | -65.1% | 228.8% |
| Short Term Debt | 8 | 6 | 4 | 9 | 79.6% | -24.6% | -10.9% | 43.1% |
| Long Term Debt | 263 | 256 | 247 | 239 | -22.7% | -18.2% | -18.7% | -12.2% |
Ratios
|
|---|
| Gross Margin | 4.7% | -15.6% | -9.2% | -5.7% | -8.5% | -23.2% | -13.2% | -5.9% |
| EBITDA Margin | 21.0% | 14.5% | 16.1% | 9.2% | 0.1% | -12.0% | -7.9% | 121.6% |
| Net Income Margin | -10.7% | -29.1% | -15.6% | -18.1% | -17.2% | -17.8% | -6.6% | 143.3% |
Revenue and profitability
The company's Revenue dropped on 27.4%. Annual revenue decline showed slowdown in FY16Q4 - revenue increased on 3.4%.
Net Income marign surged on 20.5 pp from -38.5% to -18.0% in FY2016.
Management team
Savanna Energy Services Corp's CEO is Christopher D Strong "Chris". Christopher D Strong "Chris" is a founder and has 3 years tenure at the company. The company's CFO is Dwayne Lamontagne. Dwayne Lamontagne has 3 years tenure at the company.
Appendix 1: Peers in Energy
Below you can find Savanna Energy Services Corp benchmarking vs. other companies in Energy industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Oryx Petroleum Corp Ltd ($OXC) | | | | -18.4% | 141.2% |
| Seven Generations Energy Ltd ($VII) | | 115.7% | 340.2% | 39.0% | 94.4% |
| Athabasca Oil Corp ($ATH) | | 342.7% | 5.5% | -22.9% | 73.1% |
| Painted Pony Petroleum Ltd ($PPY) | | 41.3% | 56.0% | -42.5% | 60.7% |
| ONEnergy Inc ($OEG) | | | 6,002.6% | 231.5% | 57.4% |
| |
|---|
| Median (116 companies) | | 16.2% | 17.0% | -27.7% | -18.0% |
|---|
| Savanna Energy Services Corp ($SVY) | | 4.1% | 13.7% | -43.7% | -27.4% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Americas Petrogas Inc ($BOE) | 77.1% | 43.3% | -34.3% | 121.1% | |
| TransAlta Renewables Inc ($RNW) | | 94.4% | 94.5% | 94.5% | 91.1% |
| Serinus Energy Inc ($SEN) | 80.5% | 76.5% | 86.8% | 88.5% | |
| Advantage Oil & Gas Ltd ($AAV) | 62.0% | 84.5% | 92.5% | 88.5% | 90.3% |
| Polaris Infrastructure Inc ($PIF) | 39.9% | 33.6% | 32.0% | 86.7% | 88.6% |
| |
|---|
| Median (114 companies) | 32.0% | 32.2% | 32.4% | 33.9% | 32.0% |
|---|
| Savanna Energy Services Corp ($SVY) | 17.2% | 16.7% | 14.0% | 7.1% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Granite Oil Corp ($GXO) | 59.4% | 64.5% | 70.8% | 201.9% | |
| Perpetual Energy Inc ($PMT) | 35.5% | 70.7% | 58.0% | 110.3% | |
| Petro Rio SA ($PRJ) | -4,809.7% | -6,899.7% | 28.2% | 90.7% | |
| Peyto Exploration & Development Corp ($PEY) | 86.1% | 83.2% | 86.3% | 84.6% | 80.7% |
| Innergex Renewable Energy Inc ($INE) | 111.8% | 110.0% | 82.9% | 83.4% | 83.5% |
| |
|---|
| Median (128 companies) | 25.9% | 35.7% | 28.9% | 9.0% | 28.2% |
|---|
| Savanna Energy Services Corp ($SVY) | 20.5% | 20.7% | -29.7% | -7.4% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Oryx Petroleum Corp Ltd ($OXC) | | | 1,997.8% | 712.8% | |
| WesternZagros Resources Ltd ($WZR) | | | | 385.6% | |
| Athabasca Oil Corp ($ATH) | 2,426.4% | 596.6% | 504.7% | 315.2% | 83.7% |
| TORC Oil & Gas Ltd ($TOG) | 453.8% | 466.9% | 104.5% | 229.4% | 76.3% |
| Seven Generations Energy Ltd ($VII) | 452.8% | 513.1% | 227.4% | 191.2% | 73.5% |
| |
|---|
| Median (129 companies) | 43.8% | 39.2% | 45.6% | 28.1% | 23.0% |
|---|
| Savanna Energy Services Corp ($SVY) | 25.0% | 17.9% | 31.2% | 12.9% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Enerplus Corp ($ERF) | -17.3% | 10.2% | 11.5% | -55.5% | 16.3% |
| Whitecap Resources Inc ($WCP) | 7.1% | 8.1% | 9.6% | -10.6% | 10.1% |
| Ecopetrol SA ($ECP) | 29.3% | 24.4% | 16.5% | 3.0% | 9.6% |
| Parkland Fuel Corp ($PKI) | 22.3% | 23.3% | 9.9% | 7.8% | 8.6% |
| Inter Pipeline Ltd ($IPL) | 9.5% | 8.0% | 7.5% | 9.6% | 8.5% |
| |
|---|
| Median (128 companies) | 3.6% | 5.8% | 5.7% | -8.2% | -1.9% |
|---|
| Savanna Energy Services Corp ($SVY) | 5.4% | 4.5% | -29.3% | -15.9% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| BlackPearl Resources Inc ($PXX) | -0.2x | -0.1x | 0.2x | 3,726.1x | -0.2x |
| Paramount Resources Ltd ($POU) | 14.6x | 23.9x | 8.9x | 421.5x | -5.8x |
| Precision Drilling Corp ($PD) | 2.2x | 1.9x | 2.0x | 68.4x | 7.6x |
| Trican Well Service Ltd ($TCW) | 2.5x | 3.4x | 2.9x | 31.4x | |
| Trilogy Energy Corp ($TET) | 2.6x | 1.8x | 2.3x | 25.5x | 7.3x |
| |
|---|
| Median (79 companies) | 1.5x | 1.4x | 1.4x | 2.6x | 2.7x |
|---|
