Medical Facilities Corp reports 79.3% Net Income decline
23.03.2017 • About Medical Facilities Corp (
$DR) • By InTwits
Medical Facilities Corp reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Medical Facilities Corp ($DR) key annual financial indicators
| mln. $ | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 239.4 | 309.2 | 297.4 | 308.8 | 339.5 | 9.9% |
| SG&A | | | | 45.0 | | -100.0% |
| EBITDA | 98.5 | 117.0 | 92.7 | 99.2 | | -100.0% |
| Net Income | 32.8 | 11.0 | 23.3 | 47.1 | 9.7 | -79.3% |
Balance Sheet
|
|---|
| Cash | 35.4 | 35.9 | 41.3 | 58.0 | | -100.0% |
| Short Term Debt | 14.0 | 24.5 | 6.4 | 7.8 | | -100.0% |
| Long Term Debt | 27.7 | 59.1 | 71.8 | 58.2 | | -100.0% |
Cash flow
|
|---|
| Capex | 10.6 | 13.3 | 8.3 | 7.4 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 10.6% | 29.2% | -3.8% | 3.8% | 9.9% | |
| EBITDA growth | 3.8% | 18.8% | -20.8% | 7.1% | | |
| EBITDA Margin | 41.2% | 37.8% | 31.2% | 32.1% | 0.0% | -32.1% |
| Net Income Margin | 13.7% | 3.6% | 7.8% | 15.3% | 2.9% | -12.4% |
| SG&A, % of revenue | | | | 14.6% | | -14.6% |
| CAPEX, % of revenue | 4.4% | 4.3% | 2.8% | 2.4% | | -2.4% |
| ROIC | 36.1% | 39.5% | 26.5% | 28.5% | | -28.5% |
| ROE | 24.4% | 7.5% | 15.2% | 30.0% | | -30.0% |
| Net Debt/EBITDA | 0.1x | 0.4x | 0.4x | 0.1x | | -0.1x |
Medical Facilities Corp ($DR) key quoterly financial indicators
| mln. $ | FY16Q1 | FY16Q2 | FY16Q3 | FY16Q4 | YoY change |
|---|
P&L
|
|---|
| Revenue | 76 | 77 | 79 | 108 | 5.1% | 4.2% | 7.8% | 20.3% |
| EBITDA | 20 | 19 | 20 | 32 | -11.6% | -15.0% | -5.4% | -4.3% |
| Net Income | -6 | -6 | -7 | 28 | -151.4% | -130.2% | -289.9% | 110.7% |
Balance Sheet
|
|---|
| Cash | 66 | 59 | 61 | 51 | 63.8% | -22.2% | -6.8% | -12.0% |
| Short Term Debt | 10 | 7 | 32 | 21 | 86.7% | -19.9% | 327.1% | 165.3% |
| Long Term Debt | 63 | 66 | 116 | 136 | -9.9% | 7.9% | 89.4% | 133.6% |
Ratios
|
|---|
| EBITDA Margin | 26.2% | 24.7% | 24.9% | 29.9% | -5.0% | -5.6% | -3.4% | -7.7% |
| Net Income Margin | -7.6% | -7.5% | -8.7% | 26.0% | -23.2% | -33.2% | -13.6% | 11.2% |
Revenue and profitability
Medical Facilities Corp's Revenue increased on 9.9%. Revenue growth showed acceleration in FY16Q4 - it increased 20.3% YoY.
Net Income marign dropped on 12.4 pp from 15.3% to 2.9% in FY2016.
Appendix 1: Peers in Consumer, Non-cyclical
Below you can find Medical Facilities 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 ($NRI) | | -25.3% | -29.1% | 57.0% | 31.9% |
| |
|---|
| Median (40 companies) | | 8.5% | 13.9% | 15.6% | 12.8% |
|---|
| Medical Facilities Corp ($DR) | | 29.2% | -3.8% | 3.8% | 9.9% |
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 ($CXR) | | 79.4% | 86.0% | 76.1% | 72.9% |
| |
|---|
| Median (35 companies) | 32.5% | 37.1% | 35.7% | 35.7% | 31.1% |
|---|
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| CRH Medical Corp ($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% |
|---|
| Medical Facilities Corp ($DR) | 41.2% | 37.8% | 31.2% | 32.1% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| ProMetic Life Sciences Inc ($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% | 2.4% | 2.1% |
|---|
| Medical Facilities Corp ($DR) | 4.4% | 4.3% | 2.8% | 2.4% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Information Services Corp ($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% |
|---|
| Medical Facilities Corp ($DR) | 36.1% | 39.5% | 26.5% | 28.5% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Concordia Healthcare Corp ($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 |
|---|
| Medical Facilities Corp ($DR) | 0.1x | 0.4x | 0.4x | 0.1x | |
