Logistec Corp reports 35.3% Net Income decline
17.03.2017 • About Logistec Corp (
$LGT.B) • By InTwits
Logistec Corp reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Logistec Corp ($LGT.B) key annual financial indicators
| mln. CAD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 250.9 | 298.3 | 322.2 | 358.0 | 343.3 | -4.1% |
| Gross Profit | 243.0 | 288.9 | | | | |
| EBITDA | 27.0 | 44.9 | 48.5 | 56.1 | | -100.0% |
| Net Income | 15.9 | 27.5 | 31.0 | 29.1 | 18.9 | -35.3% |
Balance Sheet
|
|---|
| Cash | 7.5 | 19.6 | 26.4 | 23.8 | | -100.0% |
| Short Term Debt | 4.4 | 4.1 | 1.3 | 2.2 | | -100.0% |
| Long Term Debt | 19.8 | 3.6 | 28.0 | 29.9 | | -100.0% |
Cash flow
|
|---|
| Capex | 13.0 | 15.7 | 40.3 | 36.8 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 11.7% | 18.9% | 8.0% | 11.1% | -4.1% | |
| EBITDA growth | 99.5% | 66.5% | 8.0% | 15.8% | | |
| Gross Margin | 96.9% | 96.8% | | | | 0.0% |
| EBITDA Margin | 10.7% | 15.0% | 15.0% | 15.7% | 0.0% | -15.7% |
| Net Income Margin | 6.3% | 9.2% | 9.6% | 8.1% | 5.5% | -2.6% |
| CAPEX, % of revenue | 5.2% | 5.3% | 12.5% | 10.3% | | -10.3% |
| ROIC | 13.0% | 20.8% | 19.5% | 19.0% | | -19.0% |
| ROE | 13.2% | 19.8% | 19.7% | 16.5% | | -16.5% |
| Net Debt/EBITDA | 0.6x | -0.3x | 0.1x | 0.1x | | -0.1x |
Logistec Corp ($LGT.B) key quoterly financial indicators
| mln. CAD | FY16Q1 | FY16Q2 | FY16Q3 | FY16Q4 | YoY change |
|---|
P&L
|
|---|
| Revenue | 65 | 80 | 103 | 96 | 7.4% | -10.8% | -11.1% | 3.6% |
| EBITDA | 3 | 6 | 16 | 17 | -53.2% | -55.0% | | -0.6% |
| Net Income | -0 | 1 | 9 | 9 | -105.5% | -85.7% | -24.4% | 13.2% |
Balance Sheet
|
|---|
| Cash | 11 | 8 | 11 | 16 | -39.4% | -29.8% | -18.0% | -32.9% |
| Short Term Debt | 3 | 10 | 2 | 2 | 113.8% | 271.1% | -70.0% | -22.1% |
| Long Term Debt | 42 | 48 | 66 | 59 | 66.6% | 53.2% | 114.4% | 96.0% |
Ratios
|
|---|
| EBITDA Margin | 4.0% | 7.7% | 15.3% | 18.1% | -5.2% | -7.5% | 15.3% | -0.8% |
| Net Income Margin | -0.2% | 1.2% | 8.9% | 9.3% | -4.4% | -6.3% | -1.6% | 0.8% |
Revenue and profitability
The company's Revenue decreased on 4.1%. Annual revenue decline showed slowdown in FY16Q4 - revenue increased on 3.6%.
Net Income marign decreased on 2.6 pp from 8.1% to 5.5% in FY2016.
Appendix 1: Peers in Consumer, Non-cyclical
Below you can find Logistec Corp benchmarking vs. other companies in Consumer, Non-cyclical industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Concordia Healthcare Corp ($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) | | 8.5% | 13.9% | 15.6% | 12.8% |
|---|
| Logistec Corp ($LGT.B) | | 18.9% | 8.0% | 11.1% | -4.1% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Cipher Pharmaceuticals Inc ($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 (35 companies) | 29.5% | 35.0% | 35.7% | 35.7% | 31.1% |
|---|
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 ($ECI) | 52.8% | 51.0% | 45.5% | 39.3% | 26.6% |
| |
|---|
| Median (43 companies) | 9.1% | 12.0% | 12.7% | 11.0% | 10.1% |
|---|
| Logistec Corp ($LGT.B) | 10.7% | 15.0% | 15.0% | 15.7% | |
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 ($KBL) | 10.0% | 19.0% | 11.4% | 16.6% | |
| |
|---|
| Median (42 companies) | 3.1% | 2.7% | 2.3% | 2.3% | 2.1% |
|---|
| Logistec Corp ($LGT.B) | 5.2% | 5.3% | 12.5% | 10.3% | |
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 ($PBH) | 10.3% | 9.9% | 6.9% | 12.6% | 15.3% |
| |
|---|
| Median (43 companies) | 8.6% | 7.5% | 8.4% | 6.3% | 8.0% |
|---|
| Logistec Corp ($LGT.B) | 13.0% | 20.8% | 19.5% | 19.0% | |
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 ($VRX) | 9.5x | 10.4x | 4.0x | 7.3x | 12.7x |
| |
|---|
| Median (37 companies) | 2.9x | 2.3x | 3.5x | 2.8x | 2.8x |
|---|
| Logistec Corp ($LGT.B) | 0.6x | -0.3x | 0.1x | 0.1x | |
