China Kingstone Mining Holdings Ltd revenue jumped on 234%
21/03/2017 • About China Kingstone Mining Holdings Ltd (
$1380) • By InTwits
China Kingstone Mining Holdings Ltd reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts:
- EBITDA Margin is relatively stable: in FY2016 vs. -1,419.7% in FY2015 vs. -415.7% in FY2012
- China Kingstone Mining Holdings Ltd motivates its personel by high Stock Based Compensation (SBC): average SBC/Revenue for FY2012-FY2016 was 0.0%. On average EBITDA Margin was -300.5% for the sames years0
- It operates with high leverage: Net Debt/EBITDA is 7.0x while industry average is 5.7x
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
China Kingstone Mining Holdings Ltd ($1380) key annual financial indicators
| mln. CNY | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 16.062 | 7.124 | 18.178 | 3.680 | 12.290 | 234.0% |
| Gross Profit | 10.776 | 3.611 | 9.053 | 1.074 | | -100.0% |
| SG&A | 67.858 | 42.249 | 40.719 | 58.303 | | -100.0% |
| EBITDA | -66.774 | -31.801 | -21.475 | -52.246 | | |
| Net Income | -576.369 | -256.305 | -28.608 | -196.265 | -124.548 | |
Balance Sheet
|
|---|
| Cash | 28.159 | 30.315 | 15.858 | 10.437 | | -100.0% |
| Short Term Debt | 0.000 | 0.000 | 8.105 | 16.961 | | -100.0% |
| Long Term Debt | 0.000 | 0.000 | 0.687 | 0.514 | | -100.0% |
Cash flow
|
|---|
| Capex | 8.544 | 1.142 | 4.333 | 1.452 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -94.5% | -55.6% | 155.2% | -79.8% | 234.0% | |
| EBITDA growth | -199.0% | -52.4% | -32.5% | 143.3% | | |
| Gross Margin | 67.1% | 50.7% | 49.8% | 29.2% | | -29.2% |
| EBITDA Margin | -415.7% | -446.4% | -118.1% | -1,419.7% | 0.0% | 1,419.7% |
| Net Income Margin | -3,588.4% | -3,597.8% | -157.4% | -5,333.3% | -1,013.4% | 4,319.9% |
| SG&A, % of revenue | 422.5% | 593.1% | 224.0% | 1,584.3% | | -1,584.3% |
| CAPEX, % of revenue | 53.2% | 16.0% | 23.8% | 39.5% | | -39.5% |
| ROIC | -8.4% | -8.8% | -7.4% | -17.4% | | 17.4% |
| ROE | -70.2% | -64.7% | -10.1% | -77.5% | | 77.5% |
Revenue and profitability
The company's Revenue surged on 234%.
Net Income marign surged on 4,320 pp from -5,333% to -1,013% in FY2016.
Appendix 1: Peers in Mining
Below you can find China Kingstone Mining Holdings Ltd benchmarking vs. other companies in Mining 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 |
|---|
| Mongolia Energy Corp Ltd ($276) | | 89.7% | -95.8% | 2,361.6% | 1,178.3% |
| Real Gold Mining Ltd ($246) | -44.0% | -68.0% | -26.2% | 106.2% | |
| REX Global Entertainment Holdings Ltd ($164) | | 81.6% | -15.5% | 96.4% | 30.4% |
| Hengxing Gold Holding Co Ltd ($2303) | | | 3,467.3% | 78.0% | |
| Zijin Mining Group Co Ltd ($2899) | | 2.5% | 18.1% | 26.9% | 6.1% |
| |
|---|
| Median (47 companies) | 6.4% | 0.6% | -5.9% | -14.0% | 4.9% |
|---|
| China Kingstone Mining Holdings Ltd ($1380) | | -55.6% | 155.2% | -79.8% | 234.0% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Sino Prosper Group Holdings Ltd ($766) | 2.5% | 5.1% | 39.6% | 93.0% | 87.4% |
| REX Global Entertainment Holdings Ltd ($164) | -15.8% | -7.8% | -0.8% | 88.6% | 87.3% |
| China Billion Resources Ltd ($274) | 71.4% | 47.2% | 73.4% | 79.7% | |
| Sun International Resources Ltd ($8029) | 83.2% | 73.1% | 64.8% | 69.4% | 58.8% |
| Grand T G Gold Holdings Ltd ($8299) | | | | 57.3% | 59.0% |
| |
|---|
| Median (49 companies) | 14.4% | 13.8% | 15.4% | 14.3% | 26.1% |
|---|
| China Kingstone Mining Holdings Ltd ($1380) | 67.1% | 50.7% | 49.8% | 29.2% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| G-Resources Group Ltd ($1051) | | 54.5% | 53.4% | 58.3% | |
| Grand T G Gold Holdings Ltd ($8299) | | | | 53.7% | 58.9% |
| China Precious Metal Resources Holdings Co Ltd ($1194) | 70.0% | 64.6% | 59.6% | 51.3% | |
| Timeless Software Ltd ($8028) | -113.1% | 24.7% | -13.7% | 46.1% | 28.0% |
| Hengxing Gold Holding Co Ltd ($2303) | | -766.2% | 24.5% | 43.9% | |
| |
|---|
| Median (49 companies) | 5.3% | 8.5% | 6.3% | 5.1% | 13.4% |
|---|
| China Kingstone Mining Holdings Ltd ($1380) | -415.7% | -446.4% | -118.1% | -1,419.7% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Mongolia Energy Corp Ltd ($276) | 8,006.5% | 1,061.7% | 30,555.4% | 1,973.0% | 20.9% |
| Kaz Minerals ($847) | 36.6% | 136.5% | 168.8% | 168.7% | 41.9% |
| Chinalco Mining Corp International ($3668) | | | | 115.6% | |
| China Dynamics Holdings Ltd ($476) | 1.8% | 0.0% | 1.0% | 113.8% | 5.7% |
| MMG Ltd ($1208) | 25.7% | 22.6% | 41.9% | 100.4% | 31.0% |
| |
|---|
| Median (48 companies) | 17.2% | 17.9% | 15.8% | 12.1% | 7.0% |
|---|
| China Kingstone Mining Holdings Ltd ($1380) | 53.2% | 16.0% | 23.8% | 39.5% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| CGN Mining Co Ltd ($1164) | 2.6% | 3.3% | 7.9% | 16.7% | |
| United Co RUSAL PLC ($486) | 0.3% | -9.0% | 6.3% | 12.3% | 9.0% |
| Xingfa Aluminium Holdings Ltd ($98) | 7.6% | 8.8% | 11.7% | 11.8% | |
| Timeless Software Ltd ($8028) | -29.1% | 7.3% | -4.6% | 11.6% | 3.9% |
| China Hongqiao Group Ltd ($1378) | 24.8% | 17.0% | 14.1% | 10.6% | |
| |
|---|
| Median (50 companies) | 1.9% | 2.7% | 0.8% | -0.6% | 2.2% |
|---|
| China Kingstone Mining Holdings Ltd ($1380) | -8.4% | -8.8% | -7.4% | -17.4% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Daye Non-Ferrous Metals Mining Ltd ($661) | 9.2x | 9.7x | 9.2x | 31.5x | |
| Chinalco Mining Corp International ($3668) | | | | 25.0x | |
| MMG Ltd ($1208) | 2.1x | 2.0x | 10.2x | 20.2x | 10.4x |
| Kaz Minerals ($847) | 2.4x | 2.9x | 5.5x | 18.7x | 8.8x |
| China Precious Metal Resources Holdings Co Ltd ($1194) | 1.5x | 4.1x | 6.4x | 13.5x | |
| |
|---|
| Median (30 companies) | 2.0x | 1.9x | 4.5x | 3.8x | 4.4x |
|---|
