Quizam Media Corp reports 8.0% revenue decline in FY2020 and 80.7 pp EBITDA Margin growth from -265% to -184%
28.09.2020 • About Quizam Media Corp (
$QQ) • By InTwits
Quizam Media Corp reported FY2020 financial results today. Here are the key drivers of the company's long term financial model:
- The company operates at negative EBITDA Margin: -184.2%
- Quizam Media Corp motivates its personel by high Stock Based Compensation (SBC): average SBC/Revenue for FY2016-FY2020 was 0.0% while average EBITDA Margin was -241.1% for the sames years
- Quizam Media Corp has low CAPEX intensity: 5 year average CAPEX/Revenue was 4.7%. At the same time it's a lot of higher than industry average of 93.4%.
- CAPEX is quite volatile: 0 m in FY2020, 0 m in FY2019, 0 m in FY2018, 0 m in FY2017, 0 m in FY2016
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue decreased on 8.0%. Annual revenue decline showed slowdown in FY20Q4 - revenue surged on 55.0%. Despite revenue decline the EBITDA margin expanded. EBITDA Margin jumped on 80.7 pp from -265% to -184% in FY2020.
Gross Margin surged on 32.5 pp from 60.4% to 93.0% in FY2020. SG&A as a % of Revenue increased on 7.7 pp from 17.7% to 25.4% in FY2020.
Net Income margin surged on 63.6 pp from -269% to -205% in FY2020.
Investments (CAPEX, working capital and M&A)
In FY2020 the company had CAPEX/Revenue of 3.5%. CAPEX/Revenue increased slightly on 1.6 pp from 1.9% in FY2017 to 3.5% in FY2020. For the last three years the average CAPEX/Revenue was 6.6%.
Leverage (Debt)
Company's Net Debt / EBITDA is 0.9x and Debt / EBITDA is . Net Debt / EBITDA didn't change in FY2020. Debt surged on 2,403% while cash dropped on 97.4%.
Quizam Media Corp has short term refinancing risk: cash is only 2.2% of short term debt.
Financial and operational results
FY ended 31.05.2020
Quizam Media Corp ($QQ) key annual financial indicators| mln. | 2016 | 2017 | 2018 | 2019 | 2020 | 2020/2019 |
|---|
P&L
|
|---|
| Revenue | 0.550 | 0.547 | 0.631 | 0.890 | 0.819 | -8.0% |
| Gross Profit | 0.219 | 0.310 | 0.520 | 0.538 | 0.761 | 41.5% |
| SG&A | 0.133 | 0.188 | 0.156 | 0.157 | 0.208 | 31.9% |
| EBITDA | -1.444 | -1.874 | -1.102 | -2.358 | -1.508 | |
| Net Income | -2.737 | -1.859 | -1.128 | -2.390 | -1.678 | |
Balance Sheet
|
|---|
| Cash | 0.029 | 0.325 | 0.076 | 0.252 | 0.006 | -97.4% |
| Short Term Debt | 0.123 | 0.000 | 0.025 | 0.027 | 0.297 | 1,001.2% |
| Long Term Debt | 0.000 | 0.000 | 0.014 | 0.010 | 0.616 | 6,374.5% |
Cash flow
|
|---|
| Capex | 0.011 | 0.011 | 0.092 | 0.013 | 0.029 | 116.1% |
Ratios
|
|---|
| Revenue growth | 0.1% | -0.6% | 15.4% | 41.0% | -8.0% | |
| EBITDA growth | 48.0% | 29.8% | -41.2% | 113.9% | -36.1% | |
|
|---|
| Gross Margin | 39.9% | 56.7% | 82.4% | 60.4% | 93.0% | 32.5% |
| EBITDA Margin | -262.5% | -342.7% | -174.6% | -264.9% | -184.2% | 80.7% |
| SG&A, % of revenue | 24.2% | 34.5% | 24.7% | 17.7% | 25.4% | 7.7% |
| Net Income Margin | -497.8% | -340.0% | -178.6% | -268.6% | -205.0% | 63.6% |
| CAPEX, % of revenue | 2.1% | 1.9% | 14.6% | 1.5% | 3.5% | 2.0% |
|
|---|
Quizam Media Corp ($QQ) key quoterly financial indicators
| mln. | FY20Q1 | FY20Q2 | FY20Q3 | FY20Q4 | | YoY change |
|---|
P&L
|
|---|
| Revenue | 0 | 0 | 0 | 1 | | 9.8% | -14.5% | 47.1% | 55.0% |
| EBITDA | -0 | -0 | -0 | -1 | | - | - | - | - |
| Net Income | -0 | -0 | -0 | -1 | | - | - | - | - |
Balance Sheet
|
|---|
| Cash | 0 | 0 | 0 | 0 | | 119.1% | -99.8% | -92.5% | -97.4% |
| Short Term Debt | 0 | 0 | 0 | 0 | | 779.2% | 878.3% | 893.3% | 1,001.2% |
| Long Term Debt | 1 | 1 | 1 | 1 | | 9,273.6% | 7,496.7% | 7,603.6% | 6,374.5% |
Ratios
|
|---|
| EBITDA Margin | -107.9% | -234.5% | -168.1% | -194.9% | | -48.4% | 313.3% | 446.6% | -13.1% |
| Net Income Margin | -139.0% | -216.2% | -216.3% | -198.2% | | -76.7% | 336.5% | 405.5% | -13.8% |
Peers in Consumer, Non-cyclical
Below we provide Quizam Media Corp benchmarking against other companies in Consumer, Non-cyclical industry for the last 5 years. We show data for the top-5 companies by key financial metric together with the median value for all the companies in the industry.
Top companies by Revenue growth, %
| Top | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Canyon Creek Food Co Ltd ($CYF) | - | 50.5% | 34.0% | 3.9% | 38.5% |
| Synex International Inc ($SXI) | - | 9.5% | -22.0% | -13.1% | 15.5% |
| Aurora Cannabis Inc ($ACB) | - | 1,155.3% | 205.5% | 344.8% | 13.6% |
| |
|---|
| Median (3 companies) | 12.8% | 30.0% | 34.0% | 3.9% | 15.5% |
|---|
| Quizam Media Corp ($QQ) | - | -0.6% | 15.4% | 41.0% | -8.0% |
Top companies by Gross margin, %
| Top | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Canyon Creek Food Co Ltd ($CYF) | 1.8% | 12.9% | 14.3% | 5.6% | 3.1% |
| Aurora Cannabis Inc ($ACB) | 153.0% | 88.9% | 78.8% | 58.0% | -12.0% |
| |
|---|
| Median (2 companies) | 31.1% | 50.9% | 46.6% | 31.8% | -4.5% |
|---|
| Quizam Media Corp ($QQ) | 39.9% | 56.7% | 82.4% | 60.4% | 93.0% |
Top companies by EBITDA margin, %
| Top | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Synex International Inc ($SXI) | 42.4% | 40.4% | 14.2% | -225.6% | 31.2% |
| Canyon Creek Food Co Ltd ($CYF) | -38.5% | -8.4% | -5.9% | -13.1% | -13.7% |
| Aurora Cannabis Inc ($ACB) | -277.7% | -55.9% | -151.3% | -93.7% | -134.8% |
| |
|---|
| Median (3 companies) | 9.9% | -32.2% | -5.9% | -93.7% | -13.7% |
|---|
| Quizam Media Corp ($QQ) | -262.5% | -342.7% | -174.6% | -264.9% | -184.2% |
Top companies by CAPEX/Revenue, %
| Top | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Aurora Cannabis Inc ($ACB) | 131.0% | 142.3% | 248.1% | 168.7% | 127.3% |
| Canyon Creek Food Co Ltd ($CYF) | 5.0% | 0.6% | 4.9% | 2.0% | 4.8% |
| Synex International Inc ($SXI) | 12.4% | 8.4% | 20.1% | 10.2% | 1.0% |
| ESTec Systems Corp ($ESE) | - | - | - | - | 0.0% |
| |
|---|
| Median (4 companies) | 2.4% | 75.4% | 20.1% | 10.2% | 2.9% |
|---|
| Quizam Media Corp ($QQ) | 2.1% | 1.9% | 14.6% | 1.5% | 3.5% |
Top companies by ROIC, %
| Top 5 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Synex International Inc ($SXI) | 2.1% | 2.4% | -1.7% | -29.0% | 0.8% |
| Aurora Cannabis Inc ($ACB) | -36.6% | -7.3% | -9.1% | -9.2% | -12.6% |
| InMed Pharmaceuticals Inc ($IN) | -179.8% | -99.1% | -49.1% | -60.2% | -92.2% |
| Vodis Pharmaceuticals Inc ($VP) | - | -235.2% | -133.7% | -266.2% | - |
| ESTec Systems Corp ($ESE) | - | - | - | - | - |
| |
|---|
| Median (7 companies) | 7.9% | -53.2% | -29.1% | -44.6% | -12.6% |
|---|
| Quizam Media Corp ($QQ) | - | - | - | - | - |
Top companies by Net Debt / EBITDA
| Top | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Synex International Inc ($SXI) | 9.8x | 8.9x | 28.5x | - | 12.0x |
| |
|---|
| Median (1 company) | 2.9x | 8.9x | 28.5x | - | 12.0x |
|---|
