Landing International Development Ltd reports 598% revenue growth in FY2016
20/03/2017 • About Landing International Development Ltd (
$582) • By InTwits
Landing International Development 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. -394.2% in FY2015 vs. -132.8% in FY2012
- Landing International Development Ltd motivates its personel by high Stock Based Compensation (SBC): average SBC/Revenue for FY2012-FY2016 was 0.0%. On average EBITDA Margin was -58.8% for the sames years0
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Landing International Development Ltd ($582) key annual financial indicators
| mln. | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 156 | 181 | 223 | 247 | 1,721 | 598.0% |
| Gross Profit | 3 | 38 | 12 | 46 | | -100.0% |
| SG&A | 56 | 74 | 312 | 424 | | -100.0% |
| EBITDA | -208 | -21 | -287 | -972 | | |
| Net Income | -304 | -137 | -294 | -988 | -1,067 | |
Balance Sheet
|
|---|
| Cash | 49 | 266 | 1,656 | 5,192 | | -100.0% |
| Short Term Debt | 82 | 97 | 156 | 84 | | -100.0% |
| Long Term Debt | 0 | 0 | 232 | 0 | | |
Cash flow
|
|---|
| Capex | 11 | 54 | 937 | 610 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 2.1% | 15.9% | 23.3% | 10.4% | 598.0% | |
| EBITDA growth | -481.2% | -89.8% | 1,256.3% | 238.9% | | |
| Gross Margin | 1.8% | 20.8% | 5.4% | 18.8% | | -18.8% |
| EBITDA Margin | -132.8% | -11.7% | -128.4% | -394.2% | 0.0% | 394.2% |
| Net Income Margin | -194.5% | -75.7% | -131.5% | -400.8% | -62.0% | 338.8% |
| SG&A, % of revenue | 36.1% | 41.1% | 139.6% | 172.0% | | -172.0% |
| CAPEX, % of revenue | 7.2% | 29.6% | 419.5% | 247.4% | | -247.4% |
| ROIC | -29.6% | -5.9% | -11.2% | -14.0% | | 14.0% |
| ROE | -82.5% | -26.8% | -12.6% | -15.0% | | 15.0% |
Revenue and profitability
The company's Revenue surged on 598%.
Net Income marign surged on 339 pp from -401% to -62.0% in FY2016.
Appendix 1: Peers in Chemicals
Below we provide Landing International Development Ltd benchmarking against other companies in Chemicals 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 |
|---|
| Bestway International Holdings Ltd ($718) | | -62.1% | 330.3% | 238.4% | 14,591.4% |
| China First Chemical Holdings Ltd ($2121) | 6.2% | -6.8% | -18.0% | 72.5% | |
| Strong Petrochemical Holdings Ltd ($852) | 40.8% | 87.9% | -60.8% | 42.3% | |
| Ko Yo Chemical Group Ltd ($827) | -5.6% | -0.6% | 2.3% | 40.8% | |
| China Sanjiang Fine Chemicals Co Ltd ($2198) | 16.0% | 63.5% | -7.7% | 36.6% | |
| |
|---|
| Median (32 companies) | 3.3% | 9.2% | 2.2% | -4.7% | 3.5% |
|---|
| Landing International Development Ltd ($582) | | 15.9% | 23.3% | 10.4% | 598.0% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Huabao International Holdings Ltd ($336) | 70.5% | 69.1% | 70.8% | 69.9% | 68.9% |
| Zhejiang Changan Renheng Technology Co Ltd ($8139) | 50.4% | 50.1% | 46.9% | 49.9% | |
| China Flavors & Fragrances Co Ltd ($3318) | 46.8% | 48.6% | 47.8% | 48.9% | |
| Bestway International Holdings Ltd ($718) | 5.1% | 4.6% | 8.6% | 40.4% | 7.1% |
| Bracell Ltd ($1768) | 30.5% | 37.3% | 37.3% | 38.4% | |
| |
|---|
| Median (32 companies) | 22.0% | 18.5% | 19.2% | 20.4% | 16.6% |
|---|
| Landing International Development Ltd ($582) | 1.8% | 20.8% | 5.4% | 18.8% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Huabao International Holdings Ltd ($336) | 63.8% | 59.1% | 60.0% | 58.3% | 51.2% |
| Bracell Ltd ($1768) | 22.3% | 30.8% | 38.2% | 35.9% | |
| Yingde Gases Group Co Ltd ($2168) | 29.4% | 29.8% | 32.3% | 33.4% | |
| Tiande Chemical Holdings Ltd ($609) | 25.5% | 27.3% | 25.1% | 27.8% | |
| Century Sunshine Group Holdings Ltd ($509) | 24.2% | 28.1% | 27.6% | 26.1% | |
| |
|---|
| Median (32 companies) | 15.8% | 14.5% | 13.8% | 13.4% | 10.9% |
|---|
| Landing International Development Ltd ($582) | -132.8% | -11.7% | -128.4% | -394.2% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Zenith Chemical Group Ltd ($362) | 147.3% | 55.7% | 67.4% | 152.2% | 191.4% |
| Smartac Group China Holdings Ltd ($395) | 14.0% | 4.7% | 49.3% | 52.4% | |
| China Flavors & Fragrances Co Ltd ($3318) | 15.8% | 20.1% | 42.4% | 35.8% | |
| Zhejiang Changan Renheng Technology Co Ltd ($8139) | 13.6% | 21.1% | 13.5% | 29.7% | |
| Ko Yo Chemical Group Ltd ($827) | 45.2% | 43.2% | 20.7% | 27.5% | |
| |
|---|
| Median (32 companies) | 9.6% | 8.7% | 5.6% | 7.2% | 2.4% |
|---|
| Landing International Development Ltd ($582) | 7.2% | 29.6% | 419.5% | 247.4% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Huabao International Holdings Ltd ($336) | 28.7% | 25.2% | 26.2% | 23.3% | 17.1% |
| Tiande Chemical Holdings Ltd ($609) | 26.2% | 29.4% | 20.7% | 20.6% | |
| Sinopec Shanghai Petrochemical Co Ltd ($338) | -6.9% | 8.1% | -2.4% | 16.5% | 26.3% |
| Century Sunshine Group Holdings Ltd ($509) | 11.3% | 15.9% | 16.4% | 13.3% | |
| Infinity Chemical Holdings Co Ltd ($640) | 11.1% | 10.2% | 8.8% | 12.7% | 7.4% |
| |
|---|
| Median (32 companies) | 7.3% | 8.5% | 5.9% | 5.2% | 5.1% |
|---|
| Landing International Development Ltd ($582) | -29.6% | -5.9% | -11.2% | -14.0% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Ko Yo Chemical Group Ltd ($827) | 8.8x | 22.0x | | 141.5x | |
| China Sanjiang Fine Chemicals Co Ltd ($2198) | 2.2x | 4.6x | 18.1x | 13.5x | |
| Sinofert Holdings Ltd ($297) | 2.9x | 32.4x | 5.0x | 8.4x | |
| Ngai Hing Hong Co Ltd ($1047) | 11.7x | 5.3x | 5.4x | 5.3x | 7.1x |
| China XLX Fertiliser Ltd ($1866) | 2.6x | 5.1x | 5.8x | 5.1x | |
| |
|---|
| Median (28 companies) | 1.6x | 2.2x | 1.4x | 2.0x | -0.1x |
|---|
