High Arctic Energy Services Inc Net Income jumped on 66.4% in 2016
21.03.2017 • About High Arctic Energy Services Inc (
$HWO) • By InTwits
High Arctic Energy Services Inc reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
High Arctic Energy Services Inc ($HWO) key annual financial indicators
| mln. CAD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 146.2 | 152.7 | 171.8 | 209.9 | 208.0 | -0.9% |
| Gross Profit | 38.2 | 39.0 | 48.4 | 78.8 | | -100.0% |
| SG&A | | | | 14.8 | | -100.0% |
| EBITDA | 38.2 | 40.7 | | 62.2 | | -100.0% |
| Net Income | 28.8 | 24.6 | 28.2 | 27.1 | 45.1 | 66.4% |
Balance Sheet
|
|---|
| Cash | 27.4 | 33.7 | 37.2 | 15.5 | | -100.0% |
| Short Term Debt | 0.0 | 0.0 | 0.0 | 0.0 | | |
| Long Term Debt | 13.7 | 6.7 | 0.0 | 4.0 | | -100.0% |
Cash flow
|
|---|
| Capex | 19.9 | 21.9 | 55.7 | 40.0 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 14.9% | 4.4% | 12.5% | 22.2% | -0.9% | |
| EBITDA growth | 24.0% | 6.5% | | | | |
| Gross Margin | 26.1% | 25.5% | 28.2% | 37.5% | | -37.5% |
| EBITDA Margin | 26.1% | 26.7% | 0.0% | 29.6% | 0.0% | -29.6% |
| Net Income Margin | 19.7% | 16.1% | 16.4% | 12.9% | 21.7% | 8.8% |
| SG&A, % of revenue | | | | 7.1% | | -7.1% |
| CAPEX, % of revenue | 13.6% | 14.3% | 32.4% | 19.1% | | -19.1% |
| ROIC | 31.4% | 26.3% | 24.9% | 24.2% | | -24.2% |
| ROE | 37.8% | 24.6% | 20.3% | 14.8% | | -14.8% |
| Net Debt/EBITDA | -0.4x | -0.7x | | -0.2x | | 0.2x |
High Arctic Energy Services Inc ($HWO) key quoterly financial indicators
| mln. CAD | FY16Q1 | FY16Q2 | FY16Q3 | FY16Q4 | YoY change |
|---|
P&L
|
|---|
| Revenue | 55 | 44 | 48 | 62 | 22.4% | -10.7% | -18.8% | 7.4% |
| Net Income | 11 | 6 | 20 | 8 | 133.3% | -12.5% | 97.1% | -22.7% |
Balance Sheet
|
|---|
| Cash | 21 | 38 | 25 | 27 | -27.8% | 47.3% | 15.3% | 76.1% |
| Short Term Debt | 2 | 2 | 33 | 26 | | | | |
| Long Term Debt | 0 | 0 | 3 | 3 | | | -62.2% | -17.5% |
Ratios
|
|---|
| Gross Margin | 46.6% | 41.6% | 40.8% | 36.3% | 15.3% | 5.5% | 3.1% | -7.0% |
| Net Income Margin | 20.5% | 14.5% | 42.3% | 12.0% | 9.7% | -0.3% | 24.9% | -4.7% |
Revenue and profitability
High Arctic Energy Services Inc's Revenue decreased slightly on 0.91%. Annual revenue decline showed slowdown in FY16Q4 - revenue increased on 7.4%.
Net Income marign increased on 8.8 pp from 12.9% to 21.7% in FY2016.
Appendix 1: Peers in Energy
Below we provide High Arctic Energy Services Inc benchmarking against other companies in Energy industry for the last 5 years. We show data for the top-5 companies by key financial metric together with the median value for all the companies in the industry.
Top companies by Revenue growth, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Oryx Petroleum Corp Ltd ($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) | | 16.2% | 17.0% | -29.5% | -19.1% |
|---|
| High Arctic Energy Services Inc ($HWO) | | 4.4% | 12.5% | 22.2% | -0.9% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Americas Petrogas Inc ($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 (114 companies) | 32.0% | 32.2% | 32.4% | 33.6% | 32.0% |
|---|
| High Arctic Energy Services Inc ($HWO) | 26.1% | 25.5% | 28.2% | 37.5% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Granite Oil Corp ($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) | 25.3% | 35.7% | 28.9% | 8.1% | 28.2% |
|---|
| High Arctic Energy Services Inc ($HWO) | 26.1% | 26.7% | | 29.6% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Oryx Petroleum Corp Ltd ($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) | 43.8% | 39.2% | 45.6% | 28.1% | 23.0% |
|---|
| High Arctic Energy Services Inc ($HWO) | 13.6% | 14.3% | 32.4% | 19.1% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Enerplus Corp ($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) | 3.6% | 5.4% | 5.5% | -8.5% | -1.9% |
|---|
| High Arctic Energy Services Inc ($HWO) | 31.4% | 26.3% | 24.9% | 24.2% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| BlackPearl Resources Inc ($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 (78 companies) | 1.6x | 1.5x | 1.4x | 2.7x | 2.7x |
|---|
| High Arctic Energy Services Inc ($HWO) | -0.4x | -0.7x | | -0.2x | |
