Get Nice Holdings Ltd reports 78.0% Net Income growth in 2016 and 68.8% Revenue growth
29/06/2016 • About Get Nice Holdings Ltd (
$64) • By InTwits
Get Nice Holdings Ltd reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts:
- EBITDA Margin is quite volatile: 84.5% in FY2016, 83.9% in FY2015, 92.7% in FY2014, 153.4% in FY2013, 2.6% in FY2012
- Get Nice Holdings Ltd has low CAPEX intensity: 5 year average CAPEX/Revenue was 2.9%. At the same time it's in pair with industry average of 7.6%.
- CAPEX is quite volatile: 4.0 in FY2016, 0.59 in FY2015, 0.92 in FY2014, 19.6 in FY2013, 13.7 in FY2012
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Get Nice Holdings Ltd ($64) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 757.2 | 172.4 | 249.2 | 388.3 | 655.4 | 68.8% |
| EBITDA | 19.8 | 264.5 | 231.0 | 325.8 | 553.8 | 70.0% |
| Net Income | -145.0 | -27.6 | 487.4 | 260.6 | 463.7 | 78.0% |
Balance Sheet
|
|---|
| Cash | 184.4 | 213.6 | 812.4 | 1,237.6 | 1,673.6 | 35.2% |
| Short Term Debt | 169.2 | 169.6 | 0.0 | 328.5 | 435.0 | 32.4% |
| Long Term Debt | 332.5 | 162.8 | 0.0 | 0.0 | 0.0 | |
Cash flow
|
|---|
| Capex | 13.7 | 19.6 | 0.9 | 0.6 | 4.0 | 569.5% |
Ratios
|
|---|
| Revenue growth | -1.3% | -77.2% | 44.5% | 55.9% | 68.8% | |
| EBITDA growth | -90.9% | 1,234.2% | -12.7% | 41.0% | 70.0% | |
| EBITDA Margin | 2.6% | 153.4% | 92.7% | 83.9% | 84.5% | 0.6% |
| Net Income Margin | -19.1% | -16.0% | 195.6% | 67.1% | 70.8% | 3.7% |
| CAPEX, % of revenue | 1.8% | 11.4% | 0.4% | 0.2% | 0.6% | 0.5% |
| ROIC | -3.0% | 2.8% | 4.7% | | | 0.0% |
| ROE | -4.0% | -0.8% | 13.7% | 6.8% | 10.6% | 3.8% |
| Net Debt/EBITDA | 16.0x | 0.4x | -3.5x | -2.8x | -2.2x | 0.6x |
Revenue and profitability
The company's Revenue jumped on 68.8%. Revenue growth happened at the same time with EBITDA margin expansion. EBITDA Margin increased slightly on 0.62 pp from 83.9% to 84.5% in FY2016.
Net Income marign increased on 3.7 pp from 67.1% to 70.8% in FY2016.
Capital expenditures (CAPEX) and working capital investments
In FY2016 Get Nice Holdings Ltd had CAPEX/Revenue of 0.61%. The company's CAPEX/Revenue dropped on 10.7 pp from 11.4% in FY2013 to 0.61% in FY2016. It's average CAPEX/Revenue for the last three years was 0.38%.
Leverage (Debt)
Company's Net Debt / EBITDA is -2.2x and Debt / EBITDA is 0.8x. Net Debt / EBITDA surged on 0.6x from -2.8x to -2.2x in FY2016. Debt jumped on 32.4% while cash surged on 35.2%.
Appendix 1: Peers in Diversified Finan Serv
Below we provide Get Nice Holdings Ltd benchmarking against other companies in Diversified Finan Serv 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 |
|---|
| China Smarter Energy Group Holdings Ltd ($1004) | -4.0% | -23.1% | -87.3% | 1,860.5% | |
| Crown International Corp Ltd ($727) | 225.8% | -75.0% | 117.4% | 802.5% | |
| Global Strategic Group Ltd ($8007) | -3.9% | 2.1% | 806.3% | 681.2% | |
| Upbest Group Ltd ($335) | | -61.8% | 24.1% | 208.1% | -63.4% |
| GF Securities Co Ltd ($1776) | 16.3% | 31.8% | 75.0% | 163.9% | |
| |
|---|
| Median (64 companies) | 7.7% | 19.3% | 26.5% | 24.0% | 15.2% |
|---|
| Get Nice Holdings Ltd ($64) | | -77.2% | 44.5% | 55.9% | 68.8% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Roma Group Ltd ($8072) | | | 99.4% | 98.7% | |
| First China Financial Network Holdings Ltd ($8123) | 93.4% | | 94.5% | 97.4% | |
| China Smarter Energy Group Holdings Ltd ($1004) | 6.2% | 4.0% | 46.9% | 96.9% | |
| Chinese Strategic Holdings Ltd ($8089) | 99.1% | 97.9% | 97.0% | 96.6% | |
| Allied Group Ltd ($373) | 95.1% | 94.4% | 93.6% | 92.2% | |
| |
|---|
| Median (12 companies) | 64.2% | 75.1% | 88.2% | 90.3% | 69.9% |
|---|
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Smarter Energy Group Holdings Ltd ($1004) | -282.7% | -373.2% | -1,524.9% | 212.2% | |
| China Aircraft Leasing Group Holdings Ltd ($1848) | 91.3% | 86.4% | 92.9% | 107.0% | |
| Hong Kong Exchanges and Clearing Ltd ($388) | 81.6% | 73.4% | 75.7% | 82.1% | |
| Hong Kong Finance Group Co Ltd ($1273) | 76.9% | 67.5% | 65.2% | 74.8% | 70.3% |
| Haitong International Securities Group Ltd ($665) | 34.9% | 45.7% | 59.9% | 71.4% | |
| |
|---|
| Median (66 companies) | 23.0% | 36.2% | 47.2% | 31.4% | 52.0% |
|---|
| Get Nice Holdings Ltd ($64) | 2.6% | 153.4% | 92.7% | 83.9% | 84.5% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Aircraft Leasing Group Holdings Ltd ($1848) | 351.0% | 0.1% | 33.3% | 64.6% | |
| Willie International Holdings Ltd ($273) | | 0.3% | 0.8% | 58.0% | |
| China Assurance Finance Group Ltd ($8090) | 94.7% | 68.9% | 53.3% | 51.0% | |
| AID Partners Capital Holdings Ltd ($8088) | 4.1% | 2.9% | 28.4% | 26.6% | |
| Hongkong Chinese Ltd ($655) | | | 0.1% | 25.6% | |
| |
|---|
| Median (65 companies) | 2.1% | 1.8% | 1.1% | 1.5% | 1.1% |
|---|
| Get Nice Holdings Ltd ($64) | 1.8% | 11.4% | 0.4% | 0.2% | 0.6% |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Hong Kong Exchanges and Clearing Ltd ($388) | 29.1% | 20.1% | 21.5% | 29.1% | |
| China Smarter Energy Group Holdings Ltd ($1004) | -19.4% | -23.0% | -14.0% | 22.5% | |
| Oi Wah Pawnshop Credit Holdings Ltd ($1319) | 32.7% | 20.7% | 14.0% | 15.3% | 12.5% |
| Emperor Capital Group Ltd ($717) | 5.1% | 12.8% | 13.1% | 14.6% | |
| Roma Group Ltd ($8072) | 19.6% | 43.7% | 107.8% | 13.3% | 9.8% |
| |
|---|
| Median (69 companies) | 4.4% | 4.2% | 4.9% | 3.6% | 5.4% |
|---|
| Get Nice Holdings Ltd ($64) | -3.0% | 2.8% | 4.7% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Hoifu Energy Group Ltd ($7) | | | | 62.5x | |
| South China Financial Holdings Ltd ($619) | | | | 56.9x | |
| Bright Smart Securities & Commodities Group Ltd ($1428) | 2.1x | 10.3x | 9.3x | 39.3x | 4.3x |
| Far East Horizon Ltd ($3360) | 16.9x | 21.7x | 20.0x | 20.8x | |
| Quam Ltd ($952) | 58.9x | 15.9x | 4.1x | 14.8x | -18.0x |
| |
|---|
| Median (49 companies) | -0.7x | 0.1x | 0.1x | 0.0x | 0.8x |
|---|
| Get Nice Holdings Ltd ($64) | 16.0x | 0.4x | -3.5x | -2.8x | -2.2x |
