Carmanah Technologies Corp Net Income dropped on 72.7% in 2016
20.03.2017 • About Carmanah Technologies Corp (
$CMH) • By InTwits
Carmanah Technologies Corp reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Carmanah Technologies Corp ($CMH) key annual financial indicators
| mln. $ | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 26.442 | 25.902 | 43.732 | 68.206 | 47.742 | -30.0% |
| Gross Profit | 8.239 | 7.384 | 15.162 | 22.907 | | -100.0% |
| SG&A | 10.460 | 8.878 | 11.259 | 15.255 | | -100.0% |
| EBITDA | -2.728 | | | 10.808 | | -100.0% |
| Net Income | -3.921 | -5.564 | 0.994 | 10.680 | 2.917 | -72.7% |
Balance Sheet
|
|---|
| Cash | 2.533 | 5.197 | 8.707 | 14.880 | | -100.0% |
| Short Term Debt | 0.000 | 0.000 | 0.000 | 10.093 | | -100.0% |
| Long Term Debt | 0.000 | 0.000 | 0.000 | 0.000 | | |
Cash flow
|
|---|
| Capex | 0.130 | 0.186 | 0.213 | 0.512 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -26.4% | -2.0% | 68.8% | 56.0% | -30.0% | |
| EBITDA growth | -430.7% | | | | | |
| Gross Margin | 31.2% | 28.5% | 34.7% | 33.6% | | -33.6% |
| EBITDA Margin | -10.3% | 0.0% | 0.0% | 15.8% | 0.0% | -15.8% |
| Net Income Margin | -14.8% | -21.5% | 2.3% | 15.7% | 6.1% | -9.5% |
| SG&A, % of revenue | 39.6% | 34.3% | 25.7% | 22.4% | | -22.4% |
| CAPEX, % of revenue | 0.5% | 0.7% | 0.5% | 0.8% | | -0.8% |
| ROIC | -39.4% | -38.3% | 14.5% | 18.7% | | -18.7% |
| ROE | -40.6% | -63.1% | 6.1% | 24.2% | | -24.2% |
| Net Debt/EBITDA | | | | -0.4x | | 0.4x |
Carmanah Technologies Corp ($CMH) key quoterly financial indicators
| mln. $ | FY16Q1 | FY16Q2 | FY16Q3 | FY16Q4 | YoY change |
|---|
P&L
|
|---|
| Revenue | 19 | 19 | 11 | 11 | 71.9% | 24.0% | -8.9% | 193.9% |
| EBITDA | 2 | 2 | 1 | 1 | 199.9% | -64.2% | 30.0% | 107.4% |
| Net Income | 2 | 1 | 1 | 0 | 5,556.7% | -87.5% | | -44.5% |
Balance Sheet
|
|---|
| Cash | 16 | 19 | 21 | 22 | 95.8% | -51.4% | 19.1% | 47.3% |
| Short Term Debt | 10 | 9 | 7 | 7 | | -13.3% | -30.7% | -26.5% |
| Long Term Debt | 0 | 0 | 0 | 0 | | | | |
Ratios
|
|---|
| Gross Margin | 35.0% | 36.2% | 45.3% | 41.6% | -0.1% | 1.7% | 4.8% | -50.5% |
| EBITDA Margin | 11.2% | 11.9% | 10.3% | 9.9% | 4.8% | -29.4% | 3.1% | -4.1% |
| Net Income Margin | 8.7% | 6.6% | 8.5% | 2.5% | 8.5% | -59.1% | 11.8% | -10.7% |
Revenue and profitability
Carmanah Technologies Corp's Revenue dropped on 30.0%. Annual revenue decline showed slowdown in FY16Q4 - revenue surged on 194%.
Net Income marign decreased on 9.5 pp from 15.7% to 6.1% in FY2016.
Appendix 1: Peers in Industrial
Below you can find Carmanah Technologies Corp benchmarking vs. other companies in Industrial 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 |
|---|
| Progressive Waste Solutions Ltd ($BIN) | | 16.1% | 7.8% | 1.8% | 59.4% |
| Baylin Technologies Inc ($BYL) | | 16.5% | -44.0% | -4.1% | 47.5% |
| CCL Industries Inc ($CCL.B) | | 44.4% | 36.8% | 17.5% | 30.8% |
| Stantec Inc ($STN) | | 17.9% | 13.3% | 14.4% | 30.5% |
| Avigilon Corp ($AVO) | | 72.6% | 41.9% | 17.7% | 22.2% |
| |
|---|
| Median (51 companies) | | 5.3% | 9.9% | 7.7% | 3.2% |
|---|
| Carmanah Technologies Corp ($CMH) | | -2.0% | 68.8% | 56.0% | -30.0% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Pure Technologies Ltd ($PUR) | 77.9% | 78.0% | 77.5% | 75.6% | |
| WSP Global Inc ($WSP) | 81.1% | 83.2% | 81.0% | 74.0% | 76.7% |
| Avigilon Corp ($AVO) | 49.3% | 54.2% | 56.6% | 57.4% | 52.0% |
| Stantec Inc ($STN) | 55.0% | 54.7% | 54.9% | 54.5% | 54.1% |
| IWG Technologies Inc ($IWG) | 53.3% | 54.0% | 49.0% | 47.8% | 54.9% |
| |
|---|
| Median (49 companies) | 23.4% | 23.4% | 20.9% | 21.5% | 22.2% |
|---|
| Carmanah Technologies Corp ($CMH) | 31.2% | 28.5% | 34.7% | 33.6% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Canadian National Railway Co ($CNR) | 46.5% | 45.9% | 46.8% | 50.9% | 54.3% |
| Canadian Pacific Railway Ltd ($CP) | 26.1% | 32.4% | 43.7% | 48.9% | 51.6% |
| Badger Daylighting Ltd ($BAD) | 25.7% | 25.9% | 27.9% | 24.6% | 24.2% |
| IWG Technologies Inc ($IWG) | 12.7% | 25.5% | 20.0% | 24.0% | 26.9% |
| Winpak Ltd ($WPK) | 19.5% | 18.6% | 18.7% | 22.7% | 23.5% |
| |
|---|
| Median (53 companies) | 10.5% | 8.4% | 8.4% | 7.8% | 11.1% |
|---|
| Carmanah Technologies Corp ($CMH) | -10.3% | | | 15.8% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Newalta Corp ($NAL) | 21.7% | 34.5% | 35.1% | 42.0% | 9.6% |
| Cargojet Inc ($CJT.A) | 7.0% | 6.3% | 54.1% | 41.3% | |
| Algoma Central Corp ($ALC) | 15.9% | 7.3% | 5.0% | 27.4% | 58.2% |
| Canadian Pacific Railway Ltd ($CP) | 20.2% | 20.2% | 21.9% | 22.7% | 19.0% |
| Canadian National Railway Co ($CNR) | 17.4% | 18.7% | 18.9% | 21.5% | 22.4% |
| |
|---|
| Median (54 companies) | 3.2% | 3.7% | 4.4% | 3.9% | 4.3% |
|---|
| Carmanah Technologies Corp ($CMH) | 0.5% | 0.7% | 0.5% | 0.8% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| IBI Group Inc ($IBG) | 4.8% | -9.0% | 11.6% | 21.9% | 26.2% |
| IWG Technologies Inc ($IWG) | 17.0% | 36.3% | 23.4% | 27.2% | 25.7% |
| Winpak Ltd ($WPK) | 20.4% | 18.0% | 18.3% | 22.6% | 21.8% |
| Toromont Industries Ltd ($TIH) | 28.8% | 25.8% | 24.3% | 23.5% | 21.7% |
| Intertape Polymer Group Inc ($ITP) | 12.3% | 13.7% | 22.5% | 23.0% | 21.0% |
| |
|---|
| Median (55 companies) | 12.2% | 9.7% | 11.0% | 8.3% | 9.0% |
|---|
| Carmanah Technologies Corp ($CMH) | -39.4% | -38.3% | 14.5% | 18.7% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Conifex Timber Inc ($CFF) | | 2.7x | 6.1x | 35.9x | 3.6x |
| Ag Growth International Inc ($AFN) | 2.9x | -0.1x | 2.1x | 14.1x | |
| Cargojet Inc ($CJT.A) | 1.5x | 1.5x | 31.5x | 12.9x | |
| Progressive Waste Solutions Ltd ($BIN) | 4.5x | 3.3x | 2.9x | 10.6x | 3.8x |
| Finning International Inc ($FTT) | 2.3x | 1.8x | 1.4x | 9.4x | 2.5x |
| |
|---|
| Median (49 companies) | 1.5x | 1.6x | 1.3x | 1.0x | 1.9x |
|---|
| Carmanah Technologies Corp ($CMH) | | | | -0.4x | |
