Chinese Strategic Holdings Ltd revenue dropped on 14.3%
19/03/2017 • About Chinese Strategic Holdings Ltd (
$8089) • By InTwits
Chinese Strategic Holdings Ltd reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Chinese Strategic Holdings Ltd is a company in decline: FY2016 revenue growth was -14.3%, 5 years revenue CAGR was -27.6%
- EBITDA Margin is relatively stable: in FY2016 vs. -742.4% in FY2015 vs. -213.5% in FY2012
- Chinese Strategic Holdings 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 -431.6%0
- It operates with high leverage: Net Debt/EBITDA is 6.1x while industry average is 2.9x
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Chinese Strategic Holdings Ltd ($8089) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 14.616 | 10.755 | 8.430 | 10.191 | 8.738 | -14.3% |
| Gross Profit | 14.481 | 10.529 | 8.174 | 9.845 | | -100.0% |
| SG&A | | | 85.975 | 88.925 | | -100.0% |
| EBITDA | -31.212 | -35.091 | -85.635 | -75.657 | | |
| Net Income | -56.512 | -22.415 | 55.542 | -126.304 | -350.928 | |
Balance Sheet
|
|---|
| Cash | 43.363 | 38.050 | 17.303 | 46.952 | | -100.0% |
| Short Term Debt | 30.210 | 29.731 | 109.367 | 221.703 | | -100.0% |
| Long Term Debt | 10.000 | 10.000 | 10.000 | 51.006 | | -100.0% |
Cash flow
|
|---|
| Capex | 54.956 | 0.610 | 2.748 | 0.590 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -66.8% | -26.4% | -21.6% | 20.9% | -14.3% | |
| EBITDA growth | -1,038.7% | 12.4% | 144.0% | -11.7% | | |
| Gross Margin | 99.1% | 97.9% | 97.0% | 96.6% | | -96.6% |
| EBITDA Margin | -213.5% | -326.3% | -1,015.8% | -742.4% | 0.0% | 742.4% |
| Net Income Margin | -386.6% | -208.4% | 658.9% | -1,239.4% | -4,016.1% | -2,776.7% |
| SG&A, % of revenue | | | 1,019.9% | 872.6% | | -872.6% |
| CAPEX, % of revenue | 376.0% | 5.7% | 32.6% | 5.8% | | -5.8% |
| ROIC | -3.9% | -4.4% | -9.5% | -7.3% | | 7.3% |
| ROE | -7.1% | -2.9% | 7.0% | -15.3% | | 15.3% |
Revenue and profitability
The company's Revenue dropped on 14.3%.
Net Income marign dropped on 2,777 pp from -1,239% to -4,016% in FY2016.
Appendix 1: Peers in Diversified Finan Serv
Below you can find Chinese Strategic Holdings Ltd benchmarking vs. other companies in Diversified Finan Serv 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 Smarter Energy Group Holdings Ltd ($1004) | | -23.1% | -87.3% | 1,860.5% | 25.3% |
| Crown International Corp Ltd ($727) | | -75.0% | 117.4% | 802.5% | -25.1% |
| Global Strategic Group Ltd ($8007) | -3.9% | 2.1% | 806.3% | 681.2% | |
| Upbest Group Ltd ($335) | | -61.8% | 24.1% | 208.1% | -63.4% |
| GF Securities Co Ltd ($1776) | 16.3% | 31.8% | 75.0% | 163.9% | |
| |
|---|
| Median (64 companies) | 10.6% | 19.3% | 27.6% | 25.3% | 11.3% |
|---|
| Chinese Strategic Holdings Ltd ($8089) | | -26.4% | -21.6% | 20.9% | -14.3% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Roma Group Ltd ($8072) | | | 99.4% | 98.7% | |
| First China Financial Network Holdings Ltd ($8123) | 93.4% | | 94.5% | 97.4% | |
| China Smarter Energy Group Holdings Ltd ($1004) | 6.2% | 4.0% | 46.9% | 96.9% | 98.4% |
| Allied Group Ltd ($373) | 95.1% | 94.4% | 93.6% | 92.2% | |
| Styland Holdings Ltd ($211) | 57.7% | 75.1% | 88.2% | 91.7% | 91.4% |
| |
|---|
| Median (11 companies) | 57.7% | 72.7% | 81.8% | 89.0% | 69.9% |
|---|
| Chinese Strategic Holdings Ltd ($8089) | 99.1% | 97.9% | 97.0% | 96.6% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Smarter Energy Group Holdings Ltd ($1004) | -282.7% | -373.2% | -1,524.9% | 212.2% | 55.6% |
| China Aircraft Leasing Group Holdings Ltd ($1848) | 91.3% | 86.4% | 92.9% | 107.0% | |
| Get Nice Holdings Ltd ($64) | 2.6% | 153.4% | 92.7% | 83.9% | 84.5% |
| Hong Kong Exchanges and Clearing Ltd ($388) | 81.6% | 73.4% | 75.7% | 82.1% | 73.7% |
| Hong Kong Finance Group Co Ltd ($1273) | 76.9% | 67.5% | 65.2% | 74.8% | 70.3% |
| |
|---|
| Median (66 companies) | 23.0% | 37.2% | 47.9% | 32.4% | 49.6% |
|---|
| Chinese Strategic Holdings Ltd ($8089) | -213.5% | -326.3% | -1,015.8% | -742.4% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Aircraft Leasing Group Holdings Ltd ($1848) | 351.0% | 0.1% | 33.3% | 64.6% | |
| Willie International Holdings Ltd ($273) | | 0.3% | 0.8% | 58.0% | |
| China Assurance Finance Group Ltd ($8090) | 94.7% | 68.9% | 53.3% | 51.0% | |
| AID Partners Capital Holdings Ltd ($8088) | 4.1% | 2.9% | 28.4% | 26.6% | |
| Hongkong Chinese Ltd ($655) | | | 0.1% | 25.6% | 0.1% |
| |
|---|
| Median (65 companies) | 1.9% | 1.8% | 1.1% | 1.5% | 1.7% |
|---|
| Chinese Strategic Holdings Ltd ($8089) | 376.0% | 5.7% | 32.6% | 5.8% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Hong Kong Exchanges and Clearing Ltd ($388) | 29.1% | 20.1% | 21.5% | 29.1% | 19.3% |
| China Smarter Energy Group Holdings Ltd ($1004) | -19.4% | -23.0% | -14.0% | 22.5% | 2.1% |
| Oi Wah Pawnshop Credit Holdings Ltd ($1319) | 32.7% | 20.7% | 14.0% | 15.3% | 12.5% |
| Emperor Capital Group Ltd ($717) | 5.1% | 12.8% | 13.1% | 14.6% | 12.4% |
| Roma Group Ltd ($8072) | 19.6% | 43.7% | 107.8% | 13.3% | 9.8% |
| |
|---|
| Median (69 companies) | 4.4% | 4.2% | 4.9% | 3.6% | 3.8% |
|---|
| Chinese Strategic Holdings Ltd ($8089) | -3.9% | -4.4% | -9.5% | -7.3% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Hoifu Energy Group Ltd ($7) | | | | 62.5x | |
| South China Financial Holdings Ltd ($619) | | | | 56.9x | |
| Bright Smart Securities & Commodities Group Ltd ($1428) | 2.1x | 10.3x | 9.3x | 39.3x | 4.3x |
| Far East Horizon Ltd ($3360) | 16.9x | 21.7x | 20.0x | 20.8x | |
| Quam Ltd ($952) | 58.9x | 15.9x | 4.1x | 14.8x | -18.0x |
| |
|---|
| Median (50 companies) | -0.6x | 0.1x | -0.0x | -0.0x | 0.5x |
|---|
