Cosmos Machinery Enterprises Ltd revenue decreased on 8.5%
16/03/2017 • About Cosmos Machinery Enterprises Ltd (
$118) • By InTwits
Cosmos Machinery Enterprises 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.
Cosmos Machinery Enterprises Ltd ($118) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 2,122 | 2,465 | 2,493 | 2,395 | 2,192 | -8.5% |
| Gross Profit | 364 | 348 | 434 | 379 | | -100.0% |
| SG&A | 380 | 437 | 442 | 439 | | -100.0% |
| EBITDA | 81 | 3 | 92 | 60 | | -100.0% |
| Net Income | -24 | 108 | -33 | -50 | -303 | |
Balance Sheet
|
|---|
| Cash | 209 | 451 | 353 | 354 | | -100.0% |
| Short Term Debt | 372 | 451 | 487 | 535 | | -100.0% |
| Long Term Debt | 15 | 5 | 63 | 53 | | -100.0% |
Cash flow
|
|---|
| Capex | 70 | 60 | 113 | 36 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -12.2% | 16.2% | 1.1% | -3.9% | -8.5% | |
| EBITDA growth | -31.7% | -96.1% | 2,802.0% | -34.8% | | |
| Gross Margin | 17.1% | 14.1% | 17.4% | 15.8% | | -15.8% |
| EBITDA Margin | 3.8% | 0.1% | 3.7% | 2.5% | 0.0% | -2.5% |
| Net Income Margin | -1.1% | 4.4% | -1.3% | -2.1% | -13.8% | -11.8% |
| SG&A, % of revenue | 17.9% | 17.7% | 17.7% | 18.3% | | -18.3% |
| CAPEX, % of revenue | 3.3% | 2.5% | 4.5% | 1.5% | | -1.5% |
| ROIC | 0.2% | -3.8% | 0.3% | -1.1% | | 1.1% |
| ROE | -1.7% | 7.6% | -2.3% | -3.6% | | 3.6% |
| Net Debt/EBITDA | 2.2x | 1.7x | 2.1x | 3.9x | | -3.9x |
Revenue and profitability
The company's Revenue decreased on 8.5%.
Net Income marign dropped on 11.8 pp from -2.1% to -13.8% in FY2016.
Appendix 1: Peers in Machinery-Diversified
Below we provide Cosmos Machinery Enterprises Ltd benchmarking against other companies in Machinery-Diversified 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 |
|---|
| Shanghai Prime Machinery Co Ltd ($2345) | 2.6% | -8.9% | 37.3% | 52.8% | |
| North Asia Strategic Holdings Ltd ($8080) | | -29.1% | 23.7% | 42.6% | -3.9% |
| Huazhang Technology Holding Ltd ($1673) | | 9.5% | 22.9% | 23.5% | 3.3% |
| Sinoref Holdings Ltd ($1020) | -0.2% | -42.2% | 29.2% | 19.9% | |
| LK Technology Holdings Ltd ($558) | | -15.0% | 3.7% | 18.5% | -10.3% |
| |
|---|
| Median (20 companies) | -5.0% | -4.7% | 0.7% | -8.2% | -11.8% |
|---|
| Cosmos Machinery Enterprises Ltd ($118) | | 16.2% | 1.1% | -3.9% | -8.5% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Jingwei Textile Machinery ($350) | 49.1% | 51.7% | 54.9% | 65.5% | |
| Renheng Enterprise Holdings Ltd ($3628) | 44.3% | 44.8% | 45.4% | 48.9% | |
| Haitian International Holdings Ltd ($1882) | 30.1% | 31.6% | 32.4% | 33.0% | |
| CHTC Fong's Industries Co Ltd ($641) | 24.4% | 30.0% | 32.3% | 31.2% | |
| Good Friend International Holdings Inc ($2398) | 20.1% | 22.9% | 26.5% | 27.1% | |
| |
|---|
| Median (20 companies) | 25.3% | 22.8% | 20.2% | 21.0% | 17.0% |
|---|
| Cosmos Machinery Enterprises Ltd ($118) | 17.1% | 14.1% | 17.4% | 15.8% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Jingwei Textile Machinery ($350) | 24.0% | 26.9% | 28.0% | 28.5% | |
| Haitian International Holdings Ltd ($1882) | 19.7% | 20.7% | 21.9% | 22.8% | |
| Renheng Enterprise Holdings Ltd ($3628) | 24.7% | 23.9% | 20.7% | 17.3% | |
| Huazhang Technology Holding Ltd ($1673) | 11.6% | 11.2% | 12.5% | 11.3% | 10.8% |
| Good Friend International Holdings Inc ($2398) | 6.7% | 9.1% | 12.9% | 9.9% | |
| |
|---|
| Median (20 companies) | 11.3% | 8.7% | 8.6% | 5.7% | 0.8% |
|---|
| Cosmos Machinery Enterprises Ltd ($118) | 3.8% | 0.1% | 3.7% | 2.5% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Wuxi Sunlit Science and Technology Co Ltd ($1289) | 2.3% | 10.1% | 7.8% | 31.9% | |
| Honghua Group Ltd ($196) | 11.5% | 14.6% | 6.8% | 27.3% | |
| Shandong Molong Petroleum Machinery Co Ltd ($568) | 20.5% | 20.3% | 11.6% | 15.6% | |
| Shenji Group Kunming Machine Tool Co Ltd ($300) | 9.5% | 6.7% | 5.0% | 8.3% | |
| Haitian International Holdings Ltd ($1882) | 4.2% | 6.8% | 6.3% | 6.3% | |
| |
|---|
| Median (20 companies) | 4.2% | 4.3% | 4.4% | 2.9% | 0.9% |
|---|
| Cosmos Machinery Enterprises Ltd ($118) | 3.3% | 2.5% | 4.5% | 1.5% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Haitian International Holdings Ltd ($1882) | 19.8% | 21.2% | 19.4% | 16.3% | |
| Huazhang Technology Holding Ltd ($1673) | 29.6% | 16.2% | 16.3% | 16.2% | 12.8% |
| Jingwei Textile Machinery ($350) | 19.4% | 20.9% | 17.4% | 14.9% | |
| Good Friend International Holdings Inc ($2398) | 6.5% | 8.7% | 12.1% | 5.9% | |
| Shanghai Prime Machinery Co Ltd ($2345) | 2.5% | 2.8% | 2.5% | 5.8% | |
| |
|---|
| Median (20 companies) | 7.5% | 4.2% | 2.8% | 1.7% | -0.0% |
|---|
| Cosmos Machinery Enterprises Ltd ($118) | 0.2% | -3.8% | 0.3% | -1.1% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Shandong Molong Petroleum Machinery Co Ltd ($568) | 3.0x | 11.4x | 5.6x | 129.4x | |
| Honghua Group Ltd ($196) | 1.2x | 3.2x | 5.2x | 14.2x | |
| First Tractor Co Ltd ($38) | 0.5x | 2.5x | 9.2x | 6.3x | |
| LK Technology Holdings Ltd ($558) | 2.5x | 5.1x | 4.9x | 4.6x | 5.7x |
| CHTC Fong's Industries Co Ltd ($641) | | 2.2x | 2.5x | 3.5x | |
| |
|---|
| Median (15 companies) | -0.7x | -0.5x | -0.5x | 3.1x | 4.7x |
|---|
| Cosmos Machinery Enterprises Ltd ($118) | 2.2x | 1.7x | 2.1x | 3.9x | |
