Street Capital Group Inc reports 154% Net Income growth while 9.0% Revenue decline
08.03.2017 • About Street Capital Group Inc (
$SCB) • By InTwits
Street Capital Group Inc reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts: Street Capital Group Inc is a company in decline: FY2016 revenue growth was -9.0%, 5 years revenue CAGR was -2.5%.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Street Capital Group Inc ($SCB) key annual financial indicators
| mln. CAD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 112.1 | 139.0 | 62.3 | 75.0 | 68.3 | -9.0% |
| SG&A | 27.3 | 30.9 | 13.7 | 14.6 | | -100.0% |
| EBITDA | 19.1 | 21.9 | 25.8 | -16.4 | | |
| Net Income | 10.0 | 9.5 | 12.9 | -30.0 | 16.3 | |
Balance Sheet
|
|---|
| Cash | 12.2 | 17.6 | 23.0 | 8.8 | | -100.0% |
| Short Term Debt | 24.7 | 14.0 | 18.9 | 24.8 | | -100.0% |
| Long Term Debt | 28.1 | 6.7 | 0.0 | 0.0 | | |
Cash flow
|
|---|
| Capex | 0.0 | 0.0 | 1.5 | 1.4 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 44.4% | 24.0% | -55.2% | 20.5% | -9.0% | |
| EBITDA growth | 405.8% | 14.9% | 17.5% | -163.7% | | |
| EBITDA Margin | 17.0% | 15.8% | 41.4% | -21.9% | 0.0% | 21.9% |
| Net Income Margin | 8.9% | 6.8% | 20.8% | -40.0% | 23.8% | 63.9% |
| SG&A, % of revenue | 24.3% | 22.2% | 22.1% | 19.5% | | -19.5% |
| CAPEX, % of revenue | 0.0% | 0.0% | 2.4% | 1.9% | | -1.9% |
| ROIC | 10.9% | 11.0% | 13.4% | -10.7% | | 10.7% |
| ROE | 12.4% | 9.4% | 11.4% | -26.2% | | 26.2% |
| Net Debt/EBITDA | 2.1x | 0.1x | -0.2x | | | 0.0x |
Street Capital Group Inc ($SCB) key quoterly financial indicators
| mln. CAD | FY16Q1 | FY16Q2 | FY16Q3 | FY16Q4 | YoY change |
|---|
P&L
|
|---|
| Revenue | 13 | 20 | 22 | 13 | -6.5% | -24.5% | 13.1% | -12.9% |
| EBITDA | 5 | 8 | 9 | 2 | 1.5% | | -1.2% | |
| Net Income | 3 | 5 | 7 | 0 | -19.9% | | 12.2% | |
Balance Sheet
|
|---|
| Cash | 8 | 6 | 7 | 4 | -76.3% | -86.3% | -84.0% | -57.4% |
| Short Term Debt | 19 | 42 | 72 | 8 | 3.0% | 31.7% | 43.3% | -68.1% |
| Long Term Debt | 0 | 0 | 0 | 0 | | | | |
Ratios
|
|---|
| EBITDA Margin | 34.7% | 41.4% | 42.5% | 15.3% | 2.7% | 172.1% | -6.2% | 15.3% |
| Net Income Margin | 22.7% | 26.7% | 34.1% | 3.5% | -3.8% | 169.4% | -0.3% | 22.0% |
Revenue and profitability
Street Capital Group Inc's Revenue decreased on 9.0%. Revenue decline showed acceleration in FY16Q4 - it was 12.9% YoY.
Net Income marign jumped on 63.9 pp from -40.0% to 23.8% in FY2016.
Appendix 1: Peers in Financial
Below you can find Street Capital Group Inc benchmarking vs. other companies in Financial industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Grenville Strategic Royalty Corp ($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) | | 7.0% | 9.1% | 3.0% | 5.8% |
|---|
| Street Capital Group Inc ($SCB) | | 24.0% | -55.2% | 20.5% | -9.0% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Olympia Financial Group Inc ($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 ($FN) | 67.8% | 76.5% | 77.1% | 74.6% | |
| |
|---|
| Median (36 companies) | 43.9% | 35.0% | 38.2% | 36.2% | 43.1% |
|---|
| Street Capital Group Inc ($SCB) | 17.0% | 15.8% | 41.4% | -21.9% | |
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 ($SVI) | 150.5% | 73.3% | 79.1% | 21.4% | |
| |
|---|
| Median (55 companies) | 0.6% | 0.6% | 0.6% | 0.7% | 0.7% |
|---|
| Street Capital Group Inc ($SCB) | 0.0% | 0.0% | 2.4% | 1.9% | |
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 ($MIC) | 11.9% | 9.6% | 9.7% | 9.5% | 9.4% |
| |
|---|
| Median (55 companies) | 4.4% | 3.3% | 3.9% | 3.5% | 3.1% |
|---|
| Street Capital Group Inc ($SCB) | 10.9% | 11.0% | 13.4% | -10.7% | |
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 (28 companies) | 5.5x | 4.8x | 4.7x | 6.0x | 7.8x |
|---|
