AirBoss of America Corp revenue dropped on 12.2% in 2016
16.03.2017 • About AirBoss of America Corp (
$BOS) • By InTwits
AirBoss of America Corp reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
AirBoss of America Corp ($BOS) key annual financial indicators
| mln. $ | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 248.7 | 236.3 | 303.2 | 304.9 | 267.6 | -12.2% |
| Gross Profit | 26.1 | 28.7 | 45.2 | 55.3 | | -100.0% |
| SG&A | | 18.4 | 24.9 | 31.7 | | -100.0% |
| EBITDA | 16.2 | 16.6 | 28.9 | 30.0 | | -100.0% |
| Net Income | 7.2 | 6.4 | 13.7 | 13.3 | 13.8 | 3.7% |
Balance Sheet
|
|---|
| Cash | 1.2 | 16.9 | 13.1 | 12.0 | | -100.0% |
| Short Term Debt | 0.8 | 5.4 | 11.7 | 4.1 | | -100.0% |
| Long Term Debt | 8.6 | 51.7 | 39.3 | 72.9 | | -100.0% |
Cash flow
|
|---|
| Capex | 6.7 | 5.0 | 6.6 | 9.5 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -12.0% | -5.0% | 28.3% | 0.6% | -12.2% | |
| EBITDA growth | -36.5% | 2.5% | 74.4% | 3.6% | | |
| Gross Margin | 10.5% | 12.1% | 14.9% | 18.1% | | -18.1% |
| EBITDA Margin | 6.5% | 7.0% | 9.5% | 9.8% | 0.0% | -9.8% |
| Net Income Margin | 2.9% | 2.7% | 4.5% | 4.4% | 5.2% | 0.8% |
| SG&A, % of revenue | | 7.8% | 8.2% | 10.4% | | -10.4% |
| CAPEX, % of revenue | 2.7% | 2.1% | 2.2% | 3.1% | | -3.1% |
| ROIC | 11.2% | 8.5% | 14.1% | 12.9% | | -12.9% |
| ROE | 9.1% | 7.9% | 16.0% | 14.1% | | -14.1% |
| Net Debt/EBITDA | 0.5x | 2.4x | 1.3x | 2.2x | | -2.2x |
AirBoss of America Corp ($BOS) key quoterly financial indicators
| mln. $ | FY16Q1 | FY16Q2 | FY16Q3 | FY16Q4 | YoY change |
|---|
P&L
|
|---|
| Revenue | 70 | 67 | 67 | 63 | -8.3% | -12.4% | -14.0% | -14.3% |
| EBITDA | 9 | 9 | 7 | 4 | 30.8% | 51.1% | -13.3% | -49.6% |
| Net Income | 4 | 5 | 3 | 1 | 36.5% | 108.8% | -22.8% | -62.0% |
Balance Sheet
|
|---|
| Cash | 6 | 18 | 21 | 28 | 67.4% | 19.0% | 99.1% | 133.9% |
| Short Term Debt | 4 | 4 | 4 | 4 | -62.7% | -64.5% | -57.7% | -1.4% |
| Long Term Debt | 72 | 71 | 70 | 69 | 90.5% | 96.8% | 2.5% | -5.0% |
Ratios
|
|---|
| Gross Margin | 18.7% | 19.4% | 17.2% | 14.1% | 2.4% | 0.7% | -2.3% | -4.0% |
| EBITDA Margin | 13.1% | 13.1% | 10.9% | 6.9% | 3.9% | 5.5% | 0.1% | -4.8% |
| Net Income Margin | 6.2% | 7.4% | 4.7% | 2.2% | 2.0% | 4.3% | -0.5% | -2.8% |
Revenue and profitability
The company's Revenue dropped on 12.2%. Revenue decline showed acceleration in FY16Q4 - it was 14.3% YoY.
Net Income marign increased slightly on 0.79 pp from 4.4% to 5.2% in FY2016.
Appendix 1: Peers in Basic Materials
Below you can find AirBoss of America Corp benchmarking vs. other companies in Basic Materials 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 |
|---|
| Avino Silver & Gold Mines Ltd ($ASM) | | 613.6% | 19.9% | -1.1% | 109.1% |
| Trevali Mining Corp ($TV) | | | | 12.9% | 86.4% |
| Geodrill Ltd ($GEO) | | -43.3% | -4.3% | 34.6% | 53.1% |
| Tahoe Resources Inc ($THO) | | | | 48.4% | 50.9% |
| Osisko Gold Royalties Ltd ($OR) | | | | 164.4% | 38.0% |
| |
|---|
| Median (82 companies) | 100.8% | -2.5% | 1.8% | -2.9% | 6.8% |
|---|
| AirBoss of America Corp ($BOS) | | -5.0% | 28.3% | 0.6% | -12.2% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Nevsun Resources Ltd ($NSU) | 89.9% | 94.8% | 95.5% | 82.3% | 79.7% |
| Labrador Iron Ore Royalty Corp ($LIF) | 80.2% | 80.2% | 80.2% | 80.3% | 80.3% |
| Lucara Diamond Corp ($LUC) | 42.5% | 57.4% | 66.7% | 60.9% | 65.6% |
| Trevali Mining Corp ($TV) | | | 49.0% | 59.3% | |
| Perseus Mining Ltd ($PRU) | 52.5% | 50.9% | 32.0% | 53.7% | 26.3% |
| |
|---|
| Median (94 companies) | 32.2% | 22.7% | 19.1% | 16.4% | 24.8% |
|---|
| AirBoss of America Corp ($BOS) | 10.5% | 12.1% | 14.9% | 18.1% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Labrador Iron Ore Royalty Corp ($LIF) | | | | 72.8% | 73.5% |
| Silver Wheaton Corp ($SLW) | 82.6% | 75.3% | 69.6% | 65.8% | 59.7% |
| Franco-Nevada Corp ($FNV) | 62.1% | 44.6% | 72.3% | 60.8% | 70.3% |
| Lucara Diamond Corp ($LUC) | 7.6% | 57.3% | 57.5% | 60.0% | 62.4% |
| Sandstorm Gold Ltd ($SSL) | 74.3% | 49.9% | 62.1% | 56.5% | 64.6% |
| |
|---|
| Median (100 companies) | 18.6% | 11.5% | 10.7% | 6.7% | 23.5% |
|---|
| AirBoss of America Corp ($BOS) | 6.5% | 7.0% | 9.5% | 9.8% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Largo Resources Ltd ($LGO) | | | | 567.6% | |
| Sandstorm Gold Ltd ($SSL) | 152.1% | 118.8% | 49.4% | 412.7% | 17.3% |
| Silver Wheaton Corp ($SLW) | 75.5% | 286.8% | 22.5% | 279.2% | 90.3% |
| Franco-Nevada Corp ($FNV) | 3.7% | 35.5% | 201.6% | 230.0% | 122.4% |
| Avino Silver & Gold Mines Ltd ($ASM) | 211.7% | 5.6% | 89.8% | 163.3% | |
| |
|---|
| Median (100 companies) | 28.1% | 27.4% | 17.8% | 17.2% | 17.9% |
|---|
| AirBoss of America Corp ($BOS) | 2.7% | 2.1% | 2.2% | 3.1% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Lucara Diamond Corp ($LUC) | -2.9% | 41.3% | 54.7% | 39.6% | 58.5% |
| Western Forest Products Inc ($WEF) | 9.0% | 25.1% | 15.7% | 16.4% | 25.1% |
| Geodrill Ltd ($GEO) | 8.6% | -3.5% | -9.3% | 3.6% | 20.3% |
| Supremex Inc ($SXP) | 14.1% | 18.5% | 16.5% | 23.4% | 19.3% |
| Canfor Pulp Products Inc ($CFX) | 4.9% | 13.2% | 21.3% | 24.1% | 17.0% |
| |
|---|
| Median (99 companies) | 4.9% | 0.1% | 1.2% | -3.8% | 4.4% |
|---|
| AirBoss of America Corp ($BOS) | 11.2% | 8.5% | 14.1% | 12.9% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Canam Group Inc ($CAM) | 4.2x | 2.6x | 3.2x | 1.8x | 13.9x |
| Taseko Mines Ltd ($TKO) | 7.4x | 5.9x | 10.2x | 5.9x | 11.0x |
| Methanex Corp ($MX) | 5.2x | 0.7x | 0.9x | 3.0x | 5.2x |
| Copper Mountain Mining Corp ($CUM) | 3.9x | 5.0x | 5.4x | 30.6x | 5.1x |
| Cameco Corp ($CCO) | 2.0x | 2.1x | 2.5x | 1.9x | 5.1x |
| |
|---|
| Median (58 companies) | 0.3x | 0.7x | 1.1x | 1.5x | 0.6x |
|---|
