Merdeka Mobile Group Ltd revenue jumped on 95.0%
10/03/2017 • About Merdeka Mobile Group Ltd (
$8163) • By InTwits
Merdeka Mobile Group Ltd reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts: EBITDA Margin is declining: in FY2016 vs. -26.9% in FY2015 vs. 6,783.7% in FY2012.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Merdeka Mobile Group Ltd ($8163) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 7.9 | 40.8 | 69.9 | 131.4 | 256.2 | 95.0% |
| Gross Profit | 0.2 | 2.1 | 8.3 | 18.7 | | -100.0% |
| SG&A | 12.0 | | 13.6 | 9.6 | | -100.0% |
| EBITDA | 536.5 | 57.4 | -10.7 | -35.3 | | |
| Net Income | -613.0 | -109.2 | -172.2 | -124.9 | -42.6 | |
Balance Sheet
|
|---|
| Cash | 2.6 | 7.9 | 32.2 | 52.8 | | -100.0% |
| Short Term Debt | 0.0 | 187.8 | 0.7 | 375.1 | | -100.0% |
| Long Term Debt | 189.7 | 0.0 | 133.9 | 627.4 | | -100.0% |
Cash flow
|
|---|
| Capex | 0.0 | 1.4 | 2.3 | 0.6 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -11.0% | 415.4% | 71.4% | 88.0% | 95.0% | |
| EBITDA growth | -2,151.4% | -89.3% | -118.6% | 230.8% | | |
| Gross Margin | 2.1% | 5.1% | 11.9% | 14.2% | | -14.2% |
| EBITDA Margin | 6,783.7% | 140.9% | -15.3% | -26.9% | 0.0% | 26.9% |
| Net Income Margin | -7,751.1% | -267.8% | -246.5% | -95.1% | -16.6% | 78.5% |
| SG&A, % of revenue | 151.4% | | 19.4% | 7.3% | | -7.3% |
| CAPEX, % of revenue | 0.0% | 3.5% | 3.3% | 0.4% | | -0.4% |
| ROIC | 86.1% | 18.9% | -6.2% | -6.1% | | 6.1% |
| ROE | -176.1% | -125.4% | -483.1% | -873.3% | | 873.3% |
| Net Debt/EBITDA | 0.3x | 3.1x | | | | 0.0x |
Revenue and profitability
Merdeka Mobile Group Ltd's Revenue surged on 95.0%.
Net Income marign jumped on 78.5 pp from -95.1% to -16.6% in FY2016.
Appendix 1: Peers in Forest Products&Paper
Below we provide Merdeka Mobile Group Ltd benchmarking against other companies in Forest Products&Paper 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 |
|---|
| KuangChi Science Ltd ($439) | | | 39.7% | 211.9% | |
| Youyuan International Holdings Ltd ($2268) | 0.4% | 6.7% | 0.8% | 10.3% | |
| PNG Resources Holdings Ltd ($221) | | 248.6% | 8.5% | 8.7% | -44.3% |
| China Sunshine Paper Holdings Co Ltd ($2002) | -0.5% | -1.3% | -5.7% | 8.1% | |
| Samson Paper Holdings Ltd ($731) | | -7.1% | 6.4% | 6.2% | -5.2% |
| |
|---|
| Median (11 companies) | 0.4% | 3.6% | 0.7% | 5.8% | 0.7% |
|---|
| Merdeka Mobile Group Ltd ($8163) | | 415.4% | 71.4% | 88.0% | 95.0% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| KuangChi Science Ltd ($439) | | 20.3% | 17.3% | 63.6% | |
| PNG Resources Holdings Ltd ($221) | 19.4% | 18.6% | 24.2% | 35.3% | 31.9% |
| Youyuan International Holdings Ltd ($2268) | 29.8% | 32.9% | 31.3% | 29.2% | |
| China Asean Resources Ltd ($8186) | 19.8% | 40.3% | | 27.8% | |
| Shandong Chenming Paper Holdings Ltd ($1812) | 15.2% | 18.0% | 19.4% | 26.6% | 30.3% |
| |
|---|
| Median (12 companies) | 16.4% | 18.0% | 18.2% | 20.0% | 24.3% |
|---|
| Merdeka Mobile Group Ltd ($8163) | 2.1% | 5.1% | 11.9% | 14.2% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Youyuan International Holdings Ltd ($2268) | 27.2% | 30.8% | 29.8% | 30.0% | |
| PNG Resources Holdings Ltd ($221) | -6.1% | 9.6% | 12.2% | 26.5% | 21.9% |
| Shandong Chenming Paper Holdings Ltd ($1812) | 11.4% | 13.2% | 14.5% | 20.4% | 23.2% |
| Changgang Dunxin Enterprise Co Ltd ($2229) | 20.9% | 22.2% | 22.8% | 19.9% | |
| Nine Dragons Paper Holdings Ltd ($2689) | 16.4% | 17.2% | 18.6% | 16.9% | 20.7% |
| |
|---|
| Median (12 companies) | 10.3% | 10.3% | 11.2% | 13.6% | 21.3% |
|---|
| Merdeka Mobile Group Ltd ($8163) | 6,783.7% | 140.9% | -15.3% | -26.9% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| KuangChi Science Ltd ($439) | | 3.2% | 0.5% | 65.6% | |
| PNG Resources Holdings Ltd ($221) | 133.1% | 35.6% | 53.0% | 44.8% | 31.1% |
| Changgang Dunxin Enterprise Co Ltd ($2229) | 2.1% | 15.8% | 2.0% | 36.7% | |
| China Agroforestry Low-Carbon Holdings Ltd ($1069) | 0.2% | 11.5% | 26.7% | 26.3% | |
| Shandong Chenming Paper Holdings Ltd ($1812) | 14.4% | 18.8% | 16.3% | 18.5% | 10.9% |
| |
|---|
| Median (12 companies) | 14.8% | 11.5% | 8.4% | 10.0% | 8.3% |
|---|
| Merdeka Mobile Group Ltd ($8163) | 0.0% | 3.5% | 3.3% | 0.4% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| PNG Resources Holdings Ltd ($221) | -1.2% | 5.8% | 8.3% | 19.9% | 8.1% |
| Youyuan International Holdings Ltd ($2268) | 12.6% | 12.9% | 10.4% | 10.6% | |
| Changgang Dunxin Enterprise Co Ltd ($2229) | 41.0% | 32.5% | 23.3% | 10.4% | |
| China Sunshine Paper Holdings Co Ltd ($2002) | 6.8% | 5.1% | 5.5% | 7.6% | |
| Nine Dragons Paper Holdings Ltd ($2689) | 6.5% | 6.1% | 5.9% | 5.3% | 7.7% |
| |
|---|
| Median (13 companies) | 0.2% | 2.0% | 2.3% | 2.9% | 6.6% |
|---|
| Merdeka Mobile Group Ltd ($8163) | 86.1% | 18.9% | -6.2% | -6.1% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Greenheart Group Ltd ($94) | | 7.1x | 26.8x | 53.0x | |
| Shandong Chenming Paper Holdings Ltd ($1812) | 10.4x | 9.0x | 10.9x | 12.4x | 8.8x |
| Samson Paper Holdings Ltd ($731) | 8.3x | 13.0x | 9.3x | 8.9x | 11.3x |
| Nine Dragons Paper Holdings Ltd ($2689) | 4.9x | 5.7x | 5.1x | 4.7x | 3.3x |
| China Sunshine Paper Holdings Co Ltd ($2002) | 5.9x | 6.9x | 6.0x | 4.1x | |
| |
|---|
| Median (10 companies) | 4.2x | 4.8x | 5.1x | 2.8x | 6.0x |
|---|
