IDT International Ltd revenue dropped on 48.7%
16/03/2017 • About IDT International Ltd (
$167) • By InTwits
IDT International Ltd reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts:
- IDT International Ltd is a company in decline: FY2016 revenue growth was -48.7%, 5 years revenue CAGR was -19.0%
- EBITDA Margin is declining: in FY2016 vs. -6.3% in FY2015 vs. 4.3% in FY2012
- IDT International Ltd spends a lot for Stock Based Compensation (SBC): average SBC/Revenue for FY2012-FY2016 is 0.0%. Average EBITDA Margin for the same period was -0.3%0
- It operates with high leverage: Net Debt/EBITDA is -0.7x while industry average is -3.8x
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
IDT International Ltd ($167) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 1,597 | 1,578 | 1,352 | 1,100 | 565 | -48.7% |
| Gross Profit | 484 | 442 | 336 | 229 | | -100.0% |
| SG&A | | 169 | 157 | 155 | | -100.0% |
| EBITDA | 69 | 3 | -19 | -69 | | |
| Net Income | -30 | -29 | -69 | -67 | -64 | |
Balance Sheet
|
|---|
| Cash | 288 | 312 | 237 | 185 | | -100.0% |
| Short Term Debt | 103 | 262 | 97 | 19 | | -100.0% |
| Long Term Debt | 91 | 0 | 0 | 0 | | |
Cash flow
|
|---|
| Capex | 16 | 16 | 16 | 15 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -1.6% | -1.2% | -14.3% | -18.6% | -48.7% | |
| EBITDA growth | -29.9% | -95.6% | -730.0% | 265.6% | | |
| Gross Margin | 30.3% | 28.0% | 24.9% | 20.8% | | -20.8% |
| EBITDA Margin | 4.3% | 0.2% | -1.4% | -6.3% | 0.0% | 6.3% |
| Net Income Margin | -1.9% | -1.8% | -5.1% | -6.1% | -11.3% | -5.2% |
| SG&A, % of revenue | | 10.7% | 11.6% | 14.1% | | -14.1% |
| CAPEX, % of revenue | 1.0% | 1.0% | 1.2% | 1.4% | | -1.4% |
| ROIC | -1.7% | -6.8% | -10.6% | -20.3% | | 20.3% |
| ROE | -5.1% | -5.2% | -13.5% | -15.1% | | 15.1% |
| Net Debt/EBITDA | -1.4x | -16.4x | | | | 0.0x |
Revenue and profitability
IDT International Ltd's Revenue dropped on 48.7%.
Net Income marign decreased on 5.2 pp from -6.1% to -11.3% in FY2016.
Appendix 1: Peers in Miscellaneous Manufactur
Below you can find IDT International Ltd benchmarking vs. other companies in Miscellaneous Manufactur 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 |
|---|
| Karrie International Hldgs ($1050) | | 0.1% | -11.3% | 27.4% | 11.8% |
| Sunny Optical Technology Group Co Ltd ($2382) | | 45.9% | 45.0% | 26.9% | 36.6% |
| TK Group Holdings Ltd ($2283) | | 9.3% | 11.8% | 20.0% | 1.3% |
| AMCO United Holding Ltd ($2970) | | 10.8% | 53.9% | 16.8% | 31.1% |
| Yusei Holdings Ltd ($96) | 18.4% | -9.3% | 6.7% | 15.6% | |
| |
|---|
| Median (25 companies) | -12.9% | 0.1% | 8.2% | -4.8% | 9.1% |
|---|
| IDT International Ltd ($167) | | -1.2% | -14.3% | -18.6% | -48.7% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Man Sang International Ltd ($938) | 42.4% | 32.8% | 60.3% | 78.6% | 56.4% |
| Time Watch Investments Ltd ($2033) | 60.2% | 60.6% | 65.0% | 68.1% | 68.5% |
| China Environmental Energy Investment Ltd ($986) | 14.0% | 1.2% | 9.0% | 49.2% | 40.4% |
| Lee & Man Chemical Co Ltd ($746) | 34.3% | 35.7% | 41.9% | 39.6% | 36.3% |
| Zhuzhou CSR Times Electric Co Ltd ($3898) | 33.2% | 35.1% | 37.4% | 38.7% | |
| |
|---|
| Median (24 companies) | 19.7% | 19.7% | 23.4% | 23.9% | 21.1% |
|---|
| IDT International Ltd ($167) | 30.3% | 28.0% | 24.9% | 20.8% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Lee & Man Chemical Co Ltd ($746) | 30.4% | 31.3% | 38.4% | 37.6% | 37.0% |
| Man Sang International Ltd ($938) | 24.9% | 15.4% | 37.0% | 33.8% | 40.4% |
| IPE Group Ltd ($929) | 25.6% | 22.5% | 29.5% | 29.1% | |
| DeTeam Co Ltd ($65) | 8.0% | 3.9% | -1.3% | 24.3% | |
| Zhuzhou CSR Times Electric Co Ltd ($3898) | 18.4% | 19.8% | 20.6% | 24.2% | |
| |
|---|
| Median (25 companies) | 8.0% | 9.8% | 9.8% | 7.9% | 7.9% |
|---|
| IDT International Ltd ($167) | 4.3% | 0.2% | -1.4% | -6.3% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Environmental Energy Investment Ltd ($986) | 6.1% | 0.4% | 17.9% | 47.6% | 6.2% |
| DeTeam Co Ltd ($65) | 6.7% | 47.0% | 5.6% | 33.1% | |
| Lee & Man Chemical Co Ltd ($746) | 5.8% | 51.1% | 33.7% | 22.8% | |
| China International Marine Containers Group Co Ltd ($2039) | 3.9% | 12.1% | 18.5% | 21.2% | |
| IPE Group Ltd ($929) | 6.3% | 13.3% | 12.3% | 13.3% | |
| |
|---|
| Median (25 companies) | 4.7% | 4.2% | 4.2% | 5.6% | 3.8% |
|---|
| IDT International Ltd ($167) | 1.0% | 1.0% | 1.2% | 1.4% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Time Watch Investments Ltd ($2033) | 34.5% | 27.1% | 27.8% | 27.9% | 18.6% |
| TK Group Holdings Ltd ($2283) | 36.8% | 31.1% | 29.4% | 27.6% | 26.0% |
| Zhuzhou CSR Times Electric Co Ltd ($3898) | 16.9% | 17.7% | 20.0% | 21.1% | |
| Sunny Optical Technology Group Co Ltd ($2382) | 19.7% | 17.8% | 16.5% | 19.4% | 26.8% |
| Yusei Holdings Ltd ($96) | 4.2% | 7.0% | 13.6% | 14.1% | |
| |
|---|
| Median (25 companies) | 4.3% | 4.4% | 4.4% | 1.6% | 9.2% |
|---|
| IDT International Ltd ($167) | -1.7% | -6.8% | -10.6% | -20.3% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Continental Holdings Ltd ($513) | | 20.1x | 92.9x | 4,203.6x | |
| South China China Ltd ($413) | | 37.5x | 2,842.3x | 27.3x | |
| Launch Tech Co Ltd ($2488) | 7.6x | 2.4x | 3.9x | 14.5x | |
| China International Marine Containers Group Co Ltd ($2039) | 4.0x | 4.7x | 5.8x | 9.8x | |
| VS International Group Ltd ($1002) | 5.1x | 6.5x | 4.4x | 3.3x | 4.6x |
| |
|---|
| Median (23 companies) | -0.2x | 0.2x | -0.1x | 0.4x | -0.6x |
|---|
