Roadshow Holdings Ltd revenue decreased slightly on 1.1%
17/03/2017 • About Roadshow Holdings Ltd (
$888) • By InTwits
Roadshow Holdings 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. -8.0% in FY2015 vs. 22.6% in FY2012
- It operates with high leverage: Net Debt/EBITDA is 10.9x while industry average is -8.6x
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Roadshow Holdings Ltd ($888) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 421.2 | 462.0 | 459.5 | 411.9 | 407.5 | -1.1% |
| EBITDA | 95.1 | 121.6 | 94.2 | -33.0 | | |
| Net Income | 74.8 | 104.9 | 70.6 | -47.9 | -45.3 | |
Balance Sheet
|
|---|
| Cash | 152.1 | 359.1 | 438.8 | 369.8 | | -100.0% |
| Short Term Debt | 0.0 | 0.0 | 0.0 | 0.0 | | |
| Long Term Debt | 0.0 | 0.0 | 0.0 | 0.0 | | |
Cash flow
|
|---|
| Capex | 8.8 | 12.9 | 7.0 | 15.7 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 13.4% | 9.7% | -0.5% | -10.3% | -1.1% | |
| EBITDA growth | 30.5% | 27.8% | -22.5% | -135.1% | | |
| EBITDA Margin | 22.6% | 26.3% | 20.5% | -8.0% | 0.0% | 8.0% |
| Net Income Margin | 17.8% | 22.7% | 15.4% | -11.6% | -11.1% | 0.5% |
| CAPEX, % of revenue | 2.1% | 2.8% | 1.5% | 3.8% | | -3.8% |
| ROIC | 12.9% | 16.4% | 11.8% | -8.0% | | 8.0% |
| ROE | 11.7% | 15.9% | 10.5% | -8.0% | | 8.0% |
| Net Debt/EBITDA | -1.6x | -3.0x | -4.7x | | | 0.0x |
Revenue and profitability
Roadshow Holdings Ltd's Revenue decreased slightly on 1.1%.
Net Income marign increased slightly on 0.52 pp from -11.6% to -11.1% in FY2016.
Appendix 1: Peers in Advertising
Below you can find Roadshow Holdings Ltd benchmarking vs. other companies in Advertising 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 |
|---|
| China Chuanglian Education Group Ltd ($2371) | -40.5% | 332.3% | -21.8% | 26.5% | |
| Dahe Media Co Ltd ($8243) | 5.8% | -5.7% | -1.6% | 8.8% | |
| Asiaray Media Group Ltd ($1993) | 32.8% | 27.1% | 9.0% | 6.5% | |
| Cinderella Media Group Ltd ($550) | 7.1% | -63.6% | -89.2% | 4.9% | |
| Branding China Group Ltd ($8219) | 11.3% | 84.6% | 12.0% | 4.5% | |
| |
|---|
| Median (8 companies) | 7.1% | 7.9% | -4.5% | 4.7% | 2.5% |
|---|
| Roadshow Holdings Ltd ($888) | | 9.7% | -0.5% | -10.3% | -1.1% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Cinderella Media Group Ltd ($550) | 26.3% | 26.7% | 72.1% | 72.8% | |
| China Chuanglian Education Group Ltd ($2371) | -2,833.2% | 74.2% | 68.5% | 64.3% | |
| SEEC Media Group Ltd ($205) | 61.7% | 58.4% | 52.0% | 51.6% | |
| Clear Media Ltd ($100) | 38.3% | 40.4% | 41.2% | 43.9% | 44.2% |
| Dahe Media Co Ltd ($8243) | 35.3% | 36.7% | 40.7% | 29.5% | |
| |
|---|
| Median (8 companies) | 35.0% | 36.6% | 41.0% | 36.7% | 44.2% |
|---|
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Clear Media Ltd ($100) | 41.0% | 40.9% | 41.3% | 44.0% | 43.9% |
| Dahe Media Co Ltd ($8243) | 16.0% | 15.3% | 19.4% | 17.2% | |
| Branding China Group Ltd ($8219) | 30.3% | 26.2% | 18.6% | 17.0% | |
| SinoMedia Holding Ltd ($623) | 27.3% | 30.5% | 24.9% | 16.7% | |
| Cinderella Media Group Ltd ($550) | 18.2% | 18.3% | 43.6% | 10.3% | |
| |
|---|
| Median (8 companies) | 17.1% | 22.8% | 22.3% | 13.5% | 43.9% |
|---|
| Roadshow Holdings Ltd ($888) | 22.6% | 26.3% | 20.5% | -8.0% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Clear Media Ltd ($100) | 0.6% | 0.5% | 0.6% | 28.0% | 19.0% |
| China Chuanglian Education Group Ltd ($2371) | 1.2% | 5.0% | 0.7% | 14.2% | |
| Cinderella Media Group Ltd ($550) | 1.5% | 5.1% | 6.8% | 2.7% | |
| Asiaray Media Group Ltd ($1993) | 6.1% | 3.0% | 2.2% | 1.7% | |
| SEEC Media Group Ltd ($205) | 0.9% | 0.4% | 1.1% | 1.3% | |
| |
|---|
| Median (8 companies) | 1.0% | 1.7% | 1.2% | 1.5% | 19.0% |
|---|
| Roadshow Holdings Ltd ($888) | 2.1% | 2.8% | 1.5% | 3.8% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Clear Media Ltd ($100) | 9.2% | 10.8% | 12.4% | 14.4% | 14.9% |
| Branding China Group Ltd ($8219) | 29.0% | 23.6% | 13.7% | 12.0% | |
| SinoMedia Holding Ltd ($623) | 34.8% | 33.8% | 20.8% | 9.6% | |
| Dahe Media Co Ltd ($8243) | 6.9% | 5.3% | 6.9% | 6.8% | |
| Cinderella Media Group Ltd ($550) | 24.6% | 6.7% | 2.3% | 2.7% | |
| |
|---|
| Median (8 companies) | 17.7% | 11.6% | 9.7% | 4.7% | 14.9% |
|---|
| Roadshow Holdings Ltd ($888) | 12.9% | 16.4% | 11.8% | -8.0% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Dahe Media Co Ltd ($8243) | 1.3x | 1.7x | 2.3x | 3.0x | |
| Clear Media Ltd ($100) | -2.1x | -1.3x | -1.4x | -0.9x | -0.7x |
| SinoMedia Holding Ltd ($623) | -3.2x | -2.0x | -1.6x | -1.9x | |
| Branding China Group Ltd ($8219) | -1.8x | -1.4x | -1.6x | -2.7x | |
| Cinderella Media Group Ltd ($550) | -1.1x | -3.1x | -5.5x | -14.1x | |
| |
|---|
| Median (7 companies) | -1.1x | -1.0x | -1.6x | -2.7x | -0.7x |
|---|
