Capital Finance Holdings Ltd reports 71.5 pp EBITDA Margin decline from 71.5% to in 2016 in 2016
14/03/2017 • About Capital Finance Holdings Ltd (
$8239) • By InTwits
Capital Finance Holdings Ltd reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Capital Finance Holdings Ltd ($8239) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 100.6 | 95.4 | 90.2 | 153.8 | 111.9 | -27.2% |
| Gross Profit | 6.4 | 6.8 | 7.9 | 151.0 | | -100.0% |
| SG&A | 40.2 | 34.9 | 61.0 | 74.1 | | -100.0% |
| EBITDA | -27.4 | -22.6 | -50.7 | 110.0 | | -100.0% |
| Net Income | -36.4 | -25.7 | -61.1 | -275.9 | -254.4 | |
Balance Sheet
|
|---|
| Cash | 8.5 | 27.8 | 1.4 | 119.1 | | -100.0% |
| Short Term Debt | 0.0 | 0.0 | 0.0 | 4.8 | | -100.0% |
| Long Term Debt | 0.0 | 0.0 | 0.0 | 510.8 | | -100.0% |
Cash flow
|
|---|
| Capex | 2.5 | 1.0 | 0.0 | | | |
Ratios
|
|---|
| Revenue growth | 83.6% | -5.2% | -5.5% | 70.6% | -27.2% | |
| EBITDA growth | -44.9% | -17.4% | 124.1% | -317.0% | | |
| Gross Margin | 6.4% | 7.2% | 8.7% | 98.2% | | -98.2% |
| EBITDA Margin | -27.2% | -23.7% | -56.2% | 71.5% | 0.0% | -71.5% |
| Net Income Margin | -36.1% | -26.9% | -67.7% | -179.4% | -227.3% | -47.9% |
| SG&A, % of revenue | 40.0% | 36.6% | 67.6% | 48.2% | | -48.2% |
| CAPEX, % of revenue | 2.4% | 1.0% | 0.0% | | | 0.0% |
| ROIC | -25.1% | -14.9% | -26.9% | 21.0% | | -21.0% |
| ROE | -32.3% | -17.0% | -33.3% | -127.0% | | 127.0% |
| Net Debt/EBITDA | | | | 3.6x | | -3.6x |
Revenue and profitability
The company's Revenue dropped on 27.2%.
Net Income marign dropped on 47.9 pp from -179% to -227% in FY2016.
Appendix 1: Peers in Coal
Below you can find Capital Finance Holdings Ltd benchmarking vs. other companies in Coal 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 |
|---|
| Sino Resources Group Ltd ($223) | | -44.8% | 14.7% | 354.5% | 0.4% |
| Asia Coal Ltd ($835) | | -15.3% | 43.2% | 133.6% | -60.1% |
| Dowell Property Holdings Ltd ($668) | -19.2% | -55.7% | -35.8% | 83.2% | |
| Up Energy Development Group Ltd ($307) | | | | 60.5% | |
| Rosan Resources Holdings Ltd ($578) | -74.1% | 71.1% | 49.1% | 49.9% | |
| |
|---|
| Median (22 companies) | -12.6% | -9.4% | -14.2% | -22.9% | -18.1% |
|---|
| Capital Finance Holdings Ltd ($8239) | | -5.2% | -5.5% | 70.6% | -27.2% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Nan Nan Resources Enterprise Ltd ($1229) | 23.9% | 17.6% | 18.1% | 44.3% | 41.0% |
| Agritrade Resources Ltd ($1131) | 22.9% | 29.4% | 31.8% | 30.0% | 30.9% |
| Shougang Fushan Resources Group Ltd ($639) | 63.5% | 50.9% | 40.1% | 24.5% | |
| Inner Mongolia Yitai Coal Co Ltd ($3948) | 35.2% | 33.7% | 27.4% | 19.2% | |
| Yanzhou Coal Mining Co Ltd ($1171) | 21.7% | 18.9% | 18.4% | 16.9% | |
| |
|---|
| Median (21 companies) | 20.0% | 17.5% | 10.2% | 2.8% | 7.1% |
|---|
| Capital Finance Holdings Ltd ($8239) | 6.4% | 7.2% | 8.7% | 98.2% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Nan Nan Resources Enterprise Ltd ($1229) | 19.1% | 14.1% | -0.2% | 40.5% | 24.1% |
| Agritrade Resources Ltd ($1131) | 41.6% | 37.3% | 33.4% | 31.1% | 56.3% |
| Feishang Anthracite Resources Ltd ($1738) | -13.1% | -32.9% | 19.0% | 15.9% | |
| Kinetic Mines and Energy Ltd ($1277) | -277.0% | -51.9% | 29.3% | 15.8% | |
| Inner Mongolia Yitai Coal Co Ltd ($3948) | 33.1% | 30.7% | 22.8% | 15.0% | |
| |
|---|
| Median (22 companies) | 1.5% | -0.8% | -7.5% | -18.8% | -20.9% |
|---|
| Capital Finance Holdings Ltd ($8239) | -27.2% | -23.7% | -56.2% | 71.5% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Siberian Mining Group Co Ltd ($1142) | 4.6% | 78.8% | 217.3% | 279.7% | 23.0% |
| Feishang Anthracite Resources Ltd ($1738) | 244.9% | 159.7% | 80.9% | 90.2% | |
| Up Energy Development Group Ltd ($307) | | | 279.5% | 75.2% | |
| King Stone Energy Group Ltd ($663) | 58.5% | 135.3% | 205.7% | 69.3% | |
| SouthGobi Resources Ltd ($1878) | 124.8% | 20.2% | 11.5% | 52.6% | |
| |
|---|
| Median (21 companies) | 14.9% | 26.3% | 20.6% | 19.3% | 7.0% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Nan Nan Resources Enterprise Ltd ($1229) | 6.4% | 1.6% | -1.2% | 10.0% | 1.5% |
| Agritrade Resources Ltd ($1131) | 2.7% | 5.8% | 6.4% | 6.9% | 9.4% |
| Kinetic Mines and Energy Ltd ($1277) | -6.6% | -5.7% | 8.5% | 3.2% | |
| Inner Mongolia Yitai Coal Co Ltd ($3948) | 28.5% | 15.2% | 8.5% | 2.0% | |
| Yanzhou Coal Mining Co Ltd ($1171) | 5.3% | 2.0% | 3.7% | 0.6% | |
| |
|---|
| Median (22 companies) | -2.0% | -0.4% | -3.5% | -5.8% | -7.8% |
|---|
| Capital Finance Holdings Ltd ($8239) | -25.1% | -14.9% | -26.9% | 21.0% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Feishang Anthracite Resources Ltd ($1738) | | | 24.3x | 32.6x | |
| China Coal Energy Co Ltd ($1898) | 1.9x | 4.9x | 9.7x | 14.4x | |
| Inner Mongolia Yitai Coal Co Ltd ($3948) | 0.4x | 1.7x | 3.5x | 9.8x | |
| Yanzhou Coal Mining Co Ltd ($1171) | 2.9x | 6.2x | 4.9x | 9.0x | |
| Kinetic Mines and Energy Ltd ($1277) | | | 4.5x | 5.9x | |
| |
|---|
| Median (7 companies) | 2.9x | 4.7x | 4.7x | 9.0x | -0.5x |
|---|
| Capital Finance Holdings Ltd ($8239) | | | | 3.6x | |
