Ten Peaks Coffee Co Inc reports 216% Net Income growth while 2.0% Revenue decline
15.03.2017 • About Ten Peaks Coffee Co Inc (
$TPK) • By InTwits
Ten Peaks Coffee Co Inc reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts: It operates with high leverage: Net Debt/EBITDA is 13.8x while industry average is 9.3x.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Ten Peaks Coffee Co Inc ($TPK) key annual financial indicators
| mln. CAD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 59.713 | 53.873 | 66.180 | 83.641 | 81.927 | -2.0% |
| Gross Profit | 4.663 | 6.211 | 11.361 | 11.313 | | -100.0% |
| SG&A | | 1.415 | 1.500 | 7.302 | | -100.0% |
| EBITDA | 1.857 | 3.127 | 7.276 | 5.338 | | -100.0% |
| Net Income | 1.504 | 1.654 | 3.017 | 1.312 | 4.149 | 216.2% |
Balance Sheet
|
|---|
| Cash | 1.304 | 2.594 | 0.898 | 9.065 | | -100.0% |
| Short Term Debt | 6.983 | 5.005 | 8.023 | 0.869 | | -100.0% |
| Long Term Debt | 0.000 | 0.000 | 0.000 | 0.000 | | |
Cash flow
|
|---|
| Capex | 0.499 | 0.370 | 0.602 | 2.187 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -1.6% | -9.8% | 22.8% | 26.4% | -2.0% | |
| EBITDA growth | -42.5% | 68.4% | 132.7% | -26.6% | | |
| Gross Margin | 7.8% | 11.5% | 17.2% | 13.5% | | -13.5% |
| EBITDA Margin | 3.1% | 5.8% | 11.0% | 6.4% | 0.0% | -6.4% |
| Net Income Margin | 2.5% | 3.1% | 4.6% | 1.6% | 5.1% | 3.5% |
| SG&A, % of revenue | | 2.6% | 2.3% | 8.7% | | -8.7% |
| CAPEX, % of revenue | 0.8% | 0.7% | 0.9% | 2.6% | | -2.6% |
| ROIC | 1.6% | 6.4% | 20.0% | 10.5% | | -10.5% |
| ROE | 6.7% | 7.4% | 13.0% | 4.0% | | -4.0% |
| Net Debt/EBITDA | 3.1x | 0.8x | 1.0x | -1.5x | | 1.5x |
Ten Peaks Coffee Co Inc ($TPK) key quoterly financial indicators
| mln. CAD | FY16Q1 | FY16Q2 | FY16Q3 | FY16Q4 | YoY change |
|---|
P&L
|
|---|
| Revenue | 21 | 18 | 21 | 22 | -4.1% | -10.7% | 1.5% | 4.9% |
| EBITDA | 2 | 2 | 2 | 2 | 30.2% | 157.9% | -25.5% | 101.0% |
| Net Income | 1 | 1 | 1 | 1 | 56.7% | 143.7% | 7.6% | |
Balance Sheet
|
|---|
| Cash | 8 | 7 | 7 | 12 | 255.7% | 173.9% | -28.0% | 37.9% |
| Short Term Debt | 1 | 1 | 1 | 0 | -90.2% | -85.2% | 45.4% | -43.8% |
| Long Term Debt | 0 | 0 | 0 | 11 | | | | |
Ratios
|
|---|
| Gross Margin | 14.6% | 14.4% | 15.5% | 14.3% | 2.5% | 4.6% | -1.9% | -0.5% |
| EBITDA Margin | 7.6% | 8.5% | 8.9% | 9.5% | 2.0% | 5.5% | -3.2% | 4.5% |
| Net Income Margin | 5.8% | 4.2% | 4.2% | 5.9% | 2.2% | 2.7% | 0.2% | 8.6% |
Revenue and profitability
The company's Revenue decreased on 2.0%. Annual revenue decline showed slowdown in FY16Q4 - revenue increased on 4.9%.
Net Income marign increased on 3.5 pp from 1.6% to 5.1% in FY2016.
Appendix 1: Peers in Consumer, Non-cyclical
Below you can find Ten Peaks Coffee Co Inc benchmarking vs. other companies in Consumer, Non-cyclical industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Concordia Healthcare Corp ($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% |
| CRH Medical Corp ($CRH) | | 12.5% | 56.0% | 284.2% | 70.2% |
| Nuvo Research Inc ($NRI) | | -25.3% | -29.1% | 57.0% | 31.9% |
| |
|---|
| Median (40 companies) | | 9.1% | 13.7% | 14.9% | 12.8% |
|---|
| Ten Peaks Coffee Co Inc ($TPK) | | -9.8% | 22.8% | 26.4% | -2.0% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Cipher Pharmaceuticals Inc ($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) | 35.4% | 39.2% | 35.8% | 36.1% | 31.1% |
|---|
| Ten Peaks Coffee Co Inc ($TPK) | 7.8% | 11.5% | 17.2% | 13.5% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| CRH Medical Corp ($CRH) | 21.0% | 24.5% | 29.1% | 44.1% | |
| 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% |
| |
|---|
| Median (43 companies) | 9.9% | 12.8% | 14.1% | 12.7% | 10.1% |
|---|
| Ten Peaks Coffee Co Inc ($TPK) | 3.1% | 5.8% | 11.0% | 6.4% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| ProMetic Life Sciences Inc ($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% | 2.3% | 2.1% |
|---|
| Ten Peaks Coffee Co Inc ($TPK) | 0.8% | 0.7% | 0.9% | 2.6% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Information Services Corp ($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) | 8.8% | 9.2% | 8.4% | 6.3% | 8.0% |
|---|
| Ten Peaks Coffee Co Inc ($TPK) | 1.6% | 6.4% | 20.0% | 10.5% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Concordia Healthcare Corp ($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) | 2.8x | 2.3x | 3.5x | 2.8x | 2.8x |
|---|
| Ten Peaks Coffee Co Inc ($TPK) | 3.1x | 0.8x | 1.0x | -1.5x | |
