Yangarra Resources Ltd reports 313% Net Income growth
15.03.2017 • About Yangarra Resources Ltd (
$YGR) • By InTwits
Yangarra Resources Ltd reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Yangarra Resources Ltd ($YGR) key annual financial indicators
| mln. CAD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 22.294 | 34.039 | 51.929 | 33.207 | 29.100 | -12.4% |
| Gross Profit | -1.575 | 13.856 | 26.424 | 25.359 | | -100.0% |
| SG&A | | | | 1.671 | | -100.0% |
| EBITDA | 14.672 | 25.999 | 40.179 | 17.453 | | -100.0% |
| Net Income | -0.218 | 2.586 | 24.372 | -4.781 | 10.200 | |
Balance Sheet
|
|---|
| Cash | 0.000 | 0.000 | 0.000 | 0.000 | | |
| Short Term Debt | 32.139 | 32.112 | 55.602 | 62.131 | | -100.0% |
| Long Term Debt | 0.000 | 7.787 | 0.000 | 0.000 | | |
Cash flow
|
|---|
| Capex | 24.449 | 47.022 | 79.807 | 40.732 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 9.4% | 52.7% | 52.6% | -36.1% | -12.4% | |
| EBITDA growth | 6.9% | 77.2% | 54.5% | -56.6% | | |
| Gross Margin | -7.1% | 40.7% | 50.9% | 76.4% | | -76.4% |
| EBITDA Margin | 65.8% | 76.4% | 77.4% | 52.6% | 0.0% | -52.6% |
| Net Income Margin | -1.0% | 7.6% | 46.9% | -14.4% | 35.1% | 49.4% |
| SG&A, % of revenue | | | | 5.0% | | -5.0% |
| CAPEX, % of revenue | 109.7% | 138.1% | 153.7% | 122.7% | | -122.7% |
| ROIC | -3.4% | 9.1% | 12.9% | 2.5% | | -2.5% |
| ROE | -0.3% | 3.0% | 20.0% | -3.1% | | 3.1% |
| Net Debt/EBITDA | 2.2x | 1.5x | 1.4x | 3.6x | | -3.6x |
Yangarra Resources Ltd ($YGR) key quoterly financial indicators
| mln. CAD | FY16Q1 | FY16Q2 | FY16Q3 | FY16Q4 | YoY change |
|---|
P&L
|
|---|
| Revenue | 7 | 6 | 6 | 11 | -42.1% | -9.5% | -7.2% | 44.8% |
| EBITDA | 3 | 3 | 4 | 8 | -70.8% | -23.0% | | 85.5% |
| Net Income | 12 | -1 | -0 | -0 | 1,156.8% | | | |
Balance Sheet
|
|---|
| Cash | 0 | 0 | 0 | 0 | | | | |
| Short Term Debt | 69 | 59 | 61 | 65 | 10.6% | 8.9% | 7.3% | 4.8% |
| Long Term Debt | 0 | 0 | 0 | 0 | | | | |
Ratios
|
|---|
| Gross Margin | 63.9% | 63.8% | 68.4% | 77.8% | -21.4% | -7.0% | -5.4% | 8.6% |
| EBITDA Margin | 40.5% | 52.9% | 59.2% | 76.2% | -39.7% | -9.3% | 74.8% | 16.7% |
| Net Income Margin | 167.2% | -14.9% | -7.6% | -3.1% | 159.5% | 33.2% | 27.7% | -0.8% |
Revenue and profitability
The company's Revenue dropped on 12.4%. Annual revenue decline showed slowdown in FY16Q4 - revenue jumped on 44.8%.
Net Income marign surged on 49.4 pp from -14.4% to 35.1% in FY2016.
Appendix 1: Peers in Energy
Below we provide Yangarra Resources Ltd benchmarking against other companies in Energy industry for the last 5 years. We show data for the top-5 companies by key financial metric together with the median value for all the companies in the industry.
Top companies by Revenue growth, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Oryx Petroleum Corp Ltd ($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) | | 15.4% | 16.9% | -27.7% | -19.1% |
|---|
| Yangarra Resources Ltd ($YGR) | | 52.7% | 52.6% | -36.1% | -12.4% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Americas Petrogas Inc ($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% | 32.1% | 32.2% | 33.6% | 32.0% |
|---|
| Yangarra Resources Ltd ($YGR) | -7.1% | 40.7% | 50.9% | 76.4% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Granite Oil Corp ($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) | 25.3% | 34.1% | 28.9% | 8.1% | 28.2% |
|---|
| Yangarra Resources Ltd ($YGR) | 65.8% | 76.4% | 77.4% | 52.6% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Oryx Petroleum Corp Ltd ($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) | 42.3% | 39.0% | 45.0% | 27.6% | 23.0% |
|---|
| Yangarra Resources Ltd ($YGR) | 109.7% | 138.1% | 153.7% | 122.7% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Enerplus Corp ($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) | 3.9% | 5.4% | 5.5% | -8.5% | -1.9% |
|---|
| Yangarra Resources Ltd ($YGR) | -3.4% | 9.1% | 12.9% | 2.5% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| BlackPearl Resources Inc ($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 (78 companies) | 1.5x | 1.4x | 1.4x | 2.6x | 2.7x |
|---|
| Yangarra Resources Ltd ($YGR) | 2.2x | 1.5x | 1.4x | 3.6x | |
