Enterprise Group Inc revenue decline accelerated from 23.9% in FY2015 to 52.6% in FY2016
20.03.2017 • About Enterprise Group Inc (
$E) • By InTwits
Enterprise Group Inc reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Enterprise Group Inc ($E) key annual financial indicators
| mln. CAD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 18.504 | 34.849 | 79.629 | 60.623 | 28.724 | -52.6% |
| Gross Profit | 6.198 | 15.312 | 32.592 | 12.042 | | -100.0% |
| SG&A | | | | 4.151 | | -100.0% |
| EBITDA | 4.457 | 7.932 | 18.776 | 5.734 | | -100.0% |
| Net Income | 2.489 | 5.782 | 5.731 | -20.307 | -13.165 | |
Balance Sheet
|
|---|
| Cash | 1.152 | 4.568 | 9.888 | 2.000 | | -100.0% |
| Short Term Debt | 1.022 | 2.510 | 11.001 | 4.545 | | -100.0% |
| Long Term Debt | 12.372 | 23.813 | 44.058 | 37.962 | | -100.0% |
Cash flow
|
|---|
| Capex | 3.226 | 9.465 | 26.024 | 4.223 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 3.5% | 88.3% | 128.5% | -23.9% | -52.6% | |
| EBITDA growth | 185.4% | 78.0% | 136.7% | -69.5% | | |
| Gross Margin | 33.5% | 43.9% | 40.9% | 19.9% | | -19.9% |
| EBITDA Margin | 24.1% | 22.8% | 23.6% | 9.5% | 0.0% | -9.5% |
| Net Income Margin | 13.4% | 16.6% | 7.2% | -33.5% | -45.8% | -12.3% |
| SG&A, % of revenue | | | | 6.8% | | -6.8% |
| CAPEX, % of revenue | 17.4% | 27.2% | 32.7% | 7.0% | | -7.0% |
| ROIC | 15.0% | 12.6% | 11.5% | -2.8% | | 2.8% |
| ROE | 23.8% | 27.8% | 10.3% | -27.7% | | 27.7% |
| Net Debt/EBITDA | 2.7x | 2.7x | 2.4x | 7.1x | | -7.1x |
Enterprise Group Inc ($E) key quoterly financial indicators
| mln. CAD | FY16Q1 | FY16Q2 | FY16Q3 | FY16Q4 | YoY change |
|---|
P&L
|
|---|
| Revenue | 11 | 8 | 7 | 2 | -43.4% | -32.4% | -37.0% | -66.4% |
| EBITDA | 0 | -1 | -0 | 3 | -87.3% | -238.7% | -110.6% | |
| Net Income | -1 | -2 | 1 | -10 | -388.2% | | | |
Balance Sheet
|
|---|
| Cash | 2 | 2 | 1 | 1 | -85.2% | -78.3% | -83.1% | -65.4% |
| Short Term Debt | 4 | 4 | 2 | 1 | -57.7% | -38.1% | -61.4% | -72.1% |
| Long Term Debt | 36 | 36 | 22 | 23 | -21.1% | -12.5% | -44.6% | -39.7% |
Ratios
|
|---|
| EBITDA Margin | 4.3% | -8.3% | -3.4% | 141.4% | -15.0% | -12.3% | -23.3% | 147.7% |
| Net Income Margin | -12.5% | -28.6% | 8.9% | -425.6% | -14.9% | -14.2% | 14.7% | -159.9% |
Revenue and profitability
Enterprise Group Inc's Revenue dropped on 52.6%. Revenue decline showed acceleration in FY16Q4 - it was 66.4% YoY.
Net Income marign dropped on 12.3 pp from -33.5% to -45.8% in FY2016.
Appendix 1: Peers in Industrial
Below you can find Enterprise Group Inc benchmarking vs. other companies in Industrial industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Progressive Waste Solutions Ltd ($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) | | 4.9% | 9.9% | 8.5% | 3.2% |
|---|
| Enterprise Group Inc ($E) | | 88.3% | 128.5% | -23.9% | -52.6% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Pure Technologies Ltd ($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% | 21.9% | 22.2% |
|---|
| Enterprise Group Inc ($E) | 33.5% | 43.9% | 40.9% | 19.9% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Canadian National Railway Co ($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) | 10.2% | 8.3% | 8.0% | 7.8% | 11.1% |
|---|
| Enterprise Group Inc ($E) | 24.1% | 22.8% | 23.6% | 9.5% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Newalta Corp ($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% | 3.6% | 4.3% | 3.7% | 4.3% |
|---|
| Enterprise Group Inc ($E) | 17.4% | 27.2% | 32.7% | 7.0% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| IBI Group Inc ($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% | 9.6% | 11.1% | 8.9% | 9.0% |
|---|
| Enterprise Group Inc ($E) | 15.0% | 12.6% | 11.5% | -2.8% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Conifex Timber Inc ($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 | 1.5x | 1.2x | 1.0x | 1.9x |
|---|
| Enterprise Group Inc ($E) | 2.7x | 2.7x | 2.4x | 7.1x | |
