Serinus Energy Inc revenue dropped on 43.2% in 2016
17.03.2017 • About Serinus Energy Inc (
$SEN) • By InTwits
Serinus Energy Inc reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Serinus Energy Inc is a company in decline: FY2016 revenue growth was -43.2%, 5 years revenue CAGR was -16.0%
- EBITDA Margin is declining: in FY2016 vs. -150.5% in FY2015 vs. -35.9% in FY2012
- Serinus Energy Inc spends a lot for Stock Based Compensation (SBC): average SBC/Revenue for FY2012-FY2016 is 0.0%. Average EBITDA Margin for the same period was -32.3%0
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Serinus Energy Inc ($SEN) key annual financial indicators
| mln. $ | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 99.6 | 146.7 | 45.0 | 26.0 | 14.8 | -43.2% |
| Gross Profit | 80.1 | 112.2 | 39.1 | 23.0 | | -100.0% |
| SG&A | 9.5 | 12.1 | 10.4 | 7.0 | | -100.0% |
| EBITDA | -35.7 | -11.2 | -21.1 | -39.1 | | |
| Net Income | -86.8 | -68.7 | -30.5 | -49.1 | -58.9 | |
Balance Sheet
|
|---|
| Cash | 35.6 | 19.9 | 11.1 | 6.6 | | -100.0% |
| Short Term Debt | 14.9 | 19.0 | 5.1 | 54.1 | | -100.0% |
| Long Term Debt | 17.1 | 8.0 | 32.2 | 0.0 | | |
Cash flow
|
|---|
| Capex | 27.4 | 29.5 | 52.6 | 13.3 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 182.7% | 47.3% | -69.3% | -42.3% | -43.2% | |
| EBITDA growth | 12,003.7% | -68.6% | 87.8% | 85.4% | | |
| Gross Margin | 80.5% | 76.5% | 86.8% | 88.5% | | -88.5% |
| EBITDA Margin | -35.9% | -7.6% | -46.8% | -150.5% | 0.0% | 150.5% |
| Net Income Margin | -87.1% | -46.8% | -67.8% | -189.0% | -399.2% | -210.2% |
| SG&A, % of revenue | 9.5% | 8.2% | 23.1% | 26.9% | | -26.9% |
| CAPEX, % of revenue | 27.5% | 20.1% | 116.9% | 51.1% | | -51.1% |
| ROIC | -33.7% | -19.2% | -24.0% | -38.9% | | 38.9% |
| ROE | -71.4% | -59.7% | -27.1% | -84.1% | | 84.1% |
Serinus Energy Inc ($SEN) key quoterly financial indicators
| mln. $ | FY16Q1 | FY16Q2 | FY16Q3 | FY16Q4 | YoY change |
|---|
P&L
|
|---|
| Revenue | 4 | 3 | 1 | 7 | -53.5% | -57.5% | -80.6% | |
| Net Income | -36 | -4 | -5 | -14 | | -8,251.0% | | |
Balance Sheet
|
|---|
Ratios
|
|---|
| Net Income Margin | -939.8% | -135.7% | -411.5% | -211.3% | -887.3% | -136.4% | 74.0% | |
Revenue and profitability
Serinus Energy Inc's Revenue dropped on 43.2%.
Net Income marign dropped on 210 pp from -189% to -399% in FY2016.
Appendix 1: Peers in Energy
Below you can find Serinus 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 ($OEG) | | | 6,002.6% | 231.5% | 57.4% |
| |
|---|
| Median (116 companies) | | 15.4% | 17.0% | -27.7% | -18.0% |
|---|
| Serinus Energy Inc ($SEN) | | 47.3% | -69.3% | -42.3% | -43.2% |
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% |
| 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% |
| Freehold Royalties Ltd ($FRU) | 90.4% | 89.0% | 90.2% | 86.3% | 86.3% |
| |
|---|
| Median (114 companies) | 32.0% | 32.1% | 32.2% | 33.6% | 32.0% |
|---|
| Serinus Energy Inc ($SEN) | 80.5% | 76.5% | 86.8% | 88.5% | |
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 ($INE) | 111.8% | 110.0% | 82.9% | 83.4% | 83.5% |
| |
|---|
| Median (128 companies) | 25.9% | 35.7% | 28.9% | 9.0% | 28.2% |
|---|
| Serinus Energy Inc ($SEN) | -35.9% | -7.6% | -46.8% | -150.5% | |
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 ($VII) | 452.8% | 513.1% | 227.4% | 191.2% | 73.5% |
| |
|---|
| Median (129 companies) | 43.8% | 39.2% | 45.0% | 27.6% | 23.0% |
|---|
| Serinus Energy Inc ($SEN) | 27.5% | 20.1% | 116.9% | 51.1% | |
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 ($IPL) | 9.5% | 8.0% | 7.5% | 9.6% | 8.5% |
| |
|---|
| Median (128 companies) | 3.9% | 5.8% | 5.7% | -8.2% | -1.9% |
|---|
| Serinus Energy Inc ($SEN) | -33.7% | -19.2% | -24.0% | -38.9% | |
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 | 1.4x | 1.4x | 2.6x | 2.7x |
|---|
