Jinhui Holdings Co Ltd revenue decline decelerated from 34.7% in FY2015 to 30.5% in FY2016
20/03/2017 • About Jinhui Holdings Co Ltd (
$137) • By InTwits
Jinhui Holdings Co Ltd reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts: Jinhui Holdings Co Ltd is a company in decline: FY2016 revenue growth was -30.5%, 5 years revenue CAGR was -30.0%.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Jinhui Holdings Co Ltd ($137) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 2,104 | 1,952 | 1,032 | 673 | 468 | -30.5% |
| Gross Profit | 1,839 | 1,714 | | | | |
| EBITDA | 713 | 778 | 149 | 112 | | -100.0% |
| Net Income | 155 | 121 | -380 | -1,683 | -805 | |
Balance Sheet
|
|---|
| Cash | 903 | 634 | 562 | 277 | | -100.0% |
| Short Term Debt | 586 | 724 | 530 | 650 | | -100.0% |
| Long Term Debt | 3,845 | 3,139 | 2,641 | 1,826 | | -100.0% |
Cash flow
|
|---|
| Capex | 908 | 45 | 134 | 103 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -24.4% | -7.2% | -47.2% | -34.7% | -30.5% | |
| EBITDA growth | -37.2% | 9.1% | -80.8% | -24.7% | | |
| Gross Margin | 87.4% | 87.8% | | | | 0.0% |
| EBITDA Margin | 33.9% | 39.8% | 14.5% | 16.7% | 0.0% | -16.7% |
| Net Income Margin | 7.4% | 6.2% | -36.8% | -250.0% | -172.2% | 77.8% |
| CAPEX, % of revenue | 43.2% | 2.3% | 13.0% | 15.3% | | -15.3% |
| ROIC | 2.4% | 2.8% | -2.9% | -4.0% | | 4.0% |
| ROE | 4.1% | 3.1% | -9.9% | -60.0% | | 60.0% |
| Net Debt/EBITDA | 5.0x | 4.2x | 17.5x | 19.6x | | -19.6x |
Revenue and profitability
Jinhui Holdings Co Ltd's Revenue dropped on 30.5%.
Net Income marign surged on 77.8 pp from -250% to -172% in FY2016.
Appendix 1: Peers in Transportation
Below you can find Jinhui Holdings Co Ltd benchmarking vs. other companies in Transportation 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 |
|---|
| Noble Century Investment Holdings Ltd ($2322) | | | | 2,388.3% | 326.5% |
| China Best Group Holding Ltd ($370) | 202.4% | -53.6% | 459.4% | 25.9% | |
| Changan Minsheng APLL Logistics Co Ltd ($1292) | 10.9% | 27.9% | 15.0% | 13.3% | |
| Kwoon Chung Bus Holdings Ltd ($306) | | 7.9% | 5.5% | 7.9% | 1.1% |
| Guangshen Railway Co Ltd ($525) | 2.7% | 4.7% | -6.9% | 6.9% | |
| |
|---|
| Median (31 companies) | 8.6% | 4.6% | 5.6% | -5.7% | -13.7% |
|---|
| Jinhui Holdings Co Ltd ($137) | | -7.2% | -47.2% | -34.7% | -30.5% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| CIG Yangtze Ports PLC ($8233) | 51.3% | 44.8% | 46.6% | 48.7% | |
| Qinhuangdao Port Co Ltd ($3369) | 43.1% | 42.4% | 43.3% | 40.5% | |
| Kwoon Chung Bus Holdings Ltd ($306) | 18.9% | 20.4% | 22.7% | 26.8% | 27.5% |
| Chu Kong Shipping Enterprise Group Co Ltd ($560) | 23.1% | 25.1% | 24.1% | 23.1% | |
| Tianjin Port Development Holdings Ltd ($3382) | 22.5% | 18.4% | 13.6% | 22.7% | |
| |
|---|
| Median (28 companies) | 13.0% | 10.9% | 10.8% | 12.1% | -1.8% |
|---|
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| MTR Corp Ltd ($66) | 42.7% | 37.6% | 45.2% | 41.6% | 34.9% |
| Qinhuangdao Port Co Ltd ($3369) | 46.0% | 44.6% | 46.5% | 41.1% | |
| CIG Yangtze Ports PLC ($8233) | 30.2% | 27.6% | 38.5% | 39.5% | |
| China Shipping Development Co Ltd ($1138) | 12.5% | 3.0% | 24.7% | 26.7% | |
| Kwoon Chung Bus Holdings Ltd ($306) | 13.3% | 16.1% | 20.7% | 26.1% | 25.7% |
| |
|---|
| Median (31 companies) | 8.8% | 6.4% | 7.2% | 6.9% | 4.4% |
|---|
| Jinhui Holdings Co Ltd ($137) | 33.9% | 39.8% | 14.5% | 16.7% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Great Harvest Maeta Group Holdings Ltd ($3683) | 4.0% | 6.1% | 40.7% | 164.7% | 8.7% |
| Frontier Services Group Ltd ($500) | 6.3% | 3.6% | 63.3% | 75.9% | |
| MTR Corp Ltd ($66) | 31.1% | 34.5% | 30.8% | 52.0% | |
| CIG Yangtze Ports PLC ($8233) | 17.8% | 24.8% | 2.1% | 50.7% | |
| Transport International Holdings Ltd ($62) | 7.9% | 16.2% | 16.0% | 26.2% | |
| |
|---|
| Median (31 companies) | 7.7% | 9.0% | 6.8% | 9.0% | 8.7% |
|---|
| Jinhui Holdings Co Ltd ($137) | 43.2% | 2.3% | 13.0% | 15.3% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Changan Minsheng APLL Logistics Co Ltd ($1292) | 21.1% | 20.9% | 19.1% | 19.3% | |
| Kwoon Chung Bus Holdings Ltd ($306) | 3.6% | 5.7% | 9.2% | 14.6% | 12.4% |
| SITC International Holdings Co Ltd ($1308) | 8.2% | 9.1% | 9.1% | 11.2% | |
| CIG Yangtze Ports PLC ($8233) | 4.9% | 5.7% | 11.0% | 11.1% | |
| On Time Logistics Holdings Ltd ($6123) | 15.6% | 15.5% | 16.7% | 11.1% | |
| |
|---|
| Median (31 companies) | 3.5% | 3.7% | 3.7% | 3.9% | -2.1% |
|---|
| Jinhui Holdings Co Ltd ($137) | 2.4% | 2.8% | -2.9% | -4.0% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Shipping Development Co Ltd ($1138) | 20.2x | 92.8x | 12.8x | 11.4x | |
| China COSCO Holdings Co Ltd ($1919) | | 18.8x | 9.0x | 8.1x | |
| Pacific Basin Shipping Ltd ($2343) | 2.1x | 4.6x | | 4.7x | 12.0x |
| AMS Public Transport Holdings Ltd ($77) | 1.2x | 11.6x | 7.7x | 4.5x | 1.6x |
| Orient Overseas International Ltd ($316) | 2.7x | 5.1x | 3.4x | 3.9x | 10.7x |
| |
|---|
| Median (20 companies) | 0.9x | 1.5x | 0.8x | 0.8x | 1.9x |
|---|
| Jinhui Holdings Co Ltd ($137) | 5.0x | 4.2x | 17.5x | 19.6x | |
