Crown Point Energy Inc reports 5.3% revenue decline in FY2016
16.03.2017 • About Crown Point Energy Inc (
$CWV) • By InTwits
Crown Point Energy Inc reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts:
- EBITDA Margin is declining: in FY2016 vs. -65.6% in FY2015 vs. -18.9% in FY2012
- Crown Point Energy Inc motivates its personel by high Stock Based Compensation (SBC): average SBC/Revenue for FY2012-FY2016 was 0.0%. On average EBITDA Margin was -15.2% for the sames years0
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Crown Point Energy Inc ($CWV) key annual financial indicators
| mln. CAD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 8.386 | 17.655 | 11.580 | 16.010 | 15.168 | -5.3% |
| SG&A | | | | 6.141 | | -100.0% |
| EBITDA | -1.583 | 1.762 | -0.111 | -10.496 | | |
| Net Income | -5.093 | -14.991 | -15.436 | -19.665 | -12.910 | |
Balance Sheet
|
|---|
| Cash | 16.170 | 13.376 | 4.654 | 1.457 | | -100.0% |
| Short Term Debt | 0.000 | 0.171 | 3.297 | 1.608 | | -100.0% |
| Long Term Debt | 0.000 | 3.942 | 1.452 | 1.733 | | -100.0% |
Cash flow
|
|---|
| Capex | 17.988 | 7.345 | 15.955 | 13.564 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 177.6% | 110.5% | -34.4% | 38.3% | -5.3% | |
| EBITDA growth | -9.8% | -211.3% | -106.3% | 9,361.1% | | |
| EBITDA Margin | -18.9% | 10.0% | -1.0% | -65.6% | 0.0% | 65.6% |
| Net Income Margin | -60.7% | -84.9% | -133.3% | -122.8% | -85.1% | 37.7% |
| SG&A, % of revenue | | | | 38.4% | | -38.4% |
| CAPEX, % of revenue | 214.5% | 41.6% | 137.8% | 84.7% | | -84.7% |
| ROIC | -8.4% | -7.7% | -8.6% | -33.8% | | 33.8% |
| ROE | -8.1% | -22.3% | -30.8% | -39.7% | | 39.7% |
| Net Debt/EBITDA | | -5.3x | | | | 0.0x |
Crown Point Energy Inc ($CWV) key quoterly financial indicators
| mln. CAD | FY16Q1 | FY16Q2 | FY16Q3 | FY16Q4 | YoY change |
|---|
P&L
|
|---|
| Revenue | 4 | 4 | 3 | 4 | 23.5% | 1.5% | -15.0% | -7.0% |
| EBITDA | 1 | 1 | 1 | -3 | 91.8% | 192.9% | 646.8% | |
| Net Income | -2 | -2 | -2 | -7 | | | | |
Balance Sheet
|
|---|
| Cash | 1 | 1 | 1 | 1 | -44.6% | -76.7% | -71.6% | -51.9% |
| Short Term Debt | 2 | 2 | 2 | 3 | -32.4% | 9.8% | -22.8% | 63.0% |
| Long Term Debt | 1 | 1 | 1 | 1 | 21.4% | 31.0% | -50.3% | -66.8% |
Ratios
|
|---|
| EBITDA Margin | 30.4% | 30.9% | 20.6% | -70.6% | 10.8% | 20.2% | 18.2% | 226.3% |
| Net Income Margin | -44.9% | -58.7% | -56.1% | -179.0% | 4.6% | -25.5% | 0.8% | 174.4% |
Revenue and profitability
The company's Revenue decreased on 5.3%. Revenue decline showed acceleration in FY16Q4 - it was 7.0% YoY.
Net Income marign jumped on 37.7 pp from -123% to -85.1% in FY2016.
Appendix 1: Peers in Energy
Below you can find Crown Point Energy Inc benchmarking vs. other companies in Energy industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Oryx Petroleum Corp Ltd ($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) | | 15.4% | 17.0% | -29.5% | -19.1% |
|---|
| Crown Point Energy Inc ($CWV) | | 110.5% | -34.4% | 38.3% | -5.3% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Americas Petrogas Inc ($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 (115 companies) | 32.0% | 32.1% | 32.4% | 33.6% | 32.0% |
|---|
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 ($INE) | 111.8% | 110.0% | 82.9% | 83.4% | 83.5% |
| |
|---|
| Median (128 companies) | 25.9% | 35.7% | 28.9% | 9.0% | 28.2% |
|---|
| Crown Point Energy Inc ($CWV) | -18.9% | 10.0% | -1.0% | -65.6% | |
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 ($VII) | 452.8% | 513.1% | 227.4% | 191.2% | 73.5% |
| |
|---|
| Median (129 companies) | 42.3% | 39.0% | 45.0% | 27.6% | 23.0% |
|---|
| Crown Point Energy Inc ($CWV) | 214.5% | 41.6% | 137.8% | 84.7% | |
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 ($IPL) | 9.5% | 8.0% | 7.5% | 9.6% | 8.5% |
| |
|---|
| Median (128 companies) | 3.9% | 5.8% | 5.7% | -8.2% | -1.9% |
|---|
| Crown Point Energy Inc ($CWV) | -8.4% | -7.7% | -8.6% | -33.8% | |
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) | 1.6x | 1.5x | 1.4x | 2.6x | 2.7x |
|---|
