Yuxing InfoTech Investment Holdings Ltd Net Income surged on 129% and Revenue increased on 8.9%
21/03/2017 • About Yuxing InfoTech Investment Holdings Ltd (
$8005) • By InTwits
Yuxing InfoTech Investment 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. -33.3% in FY2015 vs. -0.4% in FY2012
- Yuxing InfoTech Investment 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 -9.8%0
- It operates with high leverage: Net Debt/EBITDA is 4.3x while industry average is 0.6x
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Yuxing InfoTech Investment Holdings Ltd ($8005) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 791.0 | 623.1 | 520.5 | 631.5 | 687.9 | 8.9% |
| Gross Profit | 93.1 | 64.6 | 65.2 | 105.7 | | -100.0% |
| SG&A | 86.4 | 151.4 | 80.7 | 336.8 | | -100.0% |
| EBITDA | -3.3 | -83.3 | -23.3 | -210.1 | | |
| Net Income | -500.0 | 2,167.4 | 31.0 | -188.2 | 54.0 | |
Balance Sheet
|
|---|
| Cash | 62.7 | 121.4 | 349.2 | 433.8 | | -100.0% |
| Short Term Debt | 100.2 | 84.1 | 181.8 | 359.4 | | -100.0% |
| Long Term Debt | 0.1 | 0.0 | 0.0 | 0.0 | | |
Cash flow
|
|---|
| Capex | 6.4 | 4.1 | 5.3 | 3.5 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 29.6% | -21.2% | -16.5% | 21.3% | 8.9% | |
| EBITDA growth | -116.3% | 2,391.6% | -72.1% | 803.0% | | |
| Gross Margin | 11.8% | 10.4% | 12.5% | 16.7% | | -16.7% |
| EBITDA Margin | -0.4% | -13.4% | -4.5% | -33.3% | 0.0% | 33.3% |
| Net Income Margin | -63.2% | 347.8% | 6.0% | -29.8% | 7.9% | 37.6% |
| SG&A, % of revenue | 10.9% | 24.3% | 15.5% | 53.3% | | -53.3% |
| CAPEX, % of revenue | 0.8% | 0.7% | 1.0% | 0.6% | | -0.6% |
| ROIC | -0.5% | -3.8% | -1.3% | -8.6% | | 8.6% |
| ROE | -21.7% | 96.5% | 1.4% | -8.5% | | 8.5% |
Revenue and profitability
Yuxing InfoTech Investment Holdings Ltd's Revenue increased on 8.9%.
Net Income marign surged on 37.6 pp from -29.8% to 7.9% in FY2016.
Appendix 1: Peers in Home Furnishings
Below you can find Yuxing InfoTech Investment Holdings Ltd benchmarking vs. other companies in Home Furnishings 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 |
|---|
| BEP International Holdings Ltd ($2326) | | -41.5% | 46.2% | 187.9% | 258.0% |
| See Corp Ltd ($491) | | -31.9% | 134.1% | 126.9% | -80.4% |
| Sunrise China Technology Group Ltd ($8226) | -93.0% | 21.9% | -20.4% | 77.5% | |
| Aupu Group Holding Co Ltd ($477) | 5.7% | 9.0% | 26.4% | 18.5% | |
| Alco Holdings Ltd ($328) | | -32.6% | 22.8% | 11.8% | 12.4% |
| |
|---|
| Median (27 companies) | -2.3% | 6.6% | 4.0% | -2.4% | -1.5% |
|---|
| Yuxing InfoTech Investment Holdings Ltd ($8005) | | -21.2% | -16.5% | 21.3% | 8.9% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| South East Group Ltd ($726) | 25.5% | 51.6% | 38.8% | 82.4% | |
| Aupu Group Holding Co Ltd ($477) | 48.6% | 45.0% | 47.8% | 48.7% | |
| Grande Holdings Ltd/The ($186) | 23.7% | 25.4% | 29.0% | 27.7% | |
| Samson Holding Ltd ($531) | 25.6% | 25.4% | 27.3% | 27.3% | |
| Gold Peak Industries Holding Ltd ($40) | 25.8% | 23.6% | 24.9% | 25.6% | 25.6% |
| |
|---|
| Median (27 companies) | 20.3% | 18.7% | 17.1% | 15.9% | 19.6% |
|---|
| Yuxing InfoTech Investment Holdings Ltd ($8005) | 11.8% | 10.4% | 12.5% | 16.7% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Aupu Group Holding Co Ltd ($477) | 15.3% | 17.6% | 30.1% | 27.0% | |
| Skyworth Digital Holdings Ltd ($751) | 6.0% | 6.1% | 5.7% | 11.3% | 8.5% |
| Welling Holding Ltd ($382) | 11.9% | 12.8% | 10.8% | 8.6% | 11.5% |
| Hing Lee HK Holdings Ltd ($396) | -3.0% | 4.3% | 9.4% | 8.2% | |
| Raymond Industrial Ltd ($229) | 7.6% | 7.7% | 7.8% | 6.3% | |
| |
|---|
| Median (26 companies) | 6.0% | 4.8% | 4.7% | 3.6% | 6.2% |
|---|
| Yuxing InfoTech Investment Holdings Ltd ($8005) | -0.4% | -13.4% | -4.5% | -33.3% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| JF Household Furnishings Ltd ($776) | 0.7% | 4.5% | 2.8% | 54.5% | |
| Sunrise China Technology Group Ltd ($8226) | 126.4% | 69.3% | 7.4% | 14.1% | |
| Royale Furniture Holdings Ltd ($1198) | | 14.1% | 16.5% | 10.5% | |
| South East Group Ltd ($726) | 0.0% | 0.0% | 0.0% | 7.9% | |
| Aupu Group Holding Co Ltd ($477) | 1.5% | 6.3% | 5.3% | 5.7% | |
| |
|---|
| Median (27 companies) | 1.5% | 2.2% | 2.8% | 2.2% | 3.6% |
|---|
| Yuxing InfoTech Investment Holdings Ltd ($8005) | 0.8% | 0.7% | 1.0% | 0.6% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Aupu Group Holding Co Ltd ($477) | 14.8% | 17.0% | 32.2% | 32.2% | |
| Mastercraft International Holdings Ltd ($8146) | 54.4% | 38.6% | 36.4% | 23.2% | |
| Skyworth Digital Holdings Ltd ($751) | 11.6% | 13.4% | 10.9% | 23.0% | 13.7% |
| BEP International Holdings Ltd ($2326) | 90.3% | 4.7% | -4.5% | 17.6% | 29.4% |
| Tonly Electronics Holdings Ltd ($1249) | 4.2% | 7.1% | 15.9% | 11.7% | |
| |
|---|
| Median (27 companies) | 4.2% | 5.1% | 5.0% | 2.8% | 3.4% |
|---|
| Yuxing InfoTech Investment Holdings Ltd ($8005) | -0.5% | -3.8% | -1.3% | -8.6% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Kasen International Holdings Ltd ($496) | 2.2x | 3.7x | 44.9x | 20.1x | |
| Hisense Kelon Electrical Holdings Co Ltd ($921) | 1.2x | 0.9x | 1.0x | 6.4x | |
| Gold Peak Industries Holding Ltd ($40) | 10.2x | 3.4x | 3.6x | 2.8x | 3.9x |
| TCL Multimedia Technology Holdings Ltd ($1070) | -0.3x | -2.3x | 0.7x | 0.5x | |
| Skyworth Digital Holdings Ltd ($751) | 1.2x | 1.5x | 1.2x | -0.2x | 0.9x |
| |
|---|
| Median (17 companies) | -0.3x | -1.1x | -1.9x | -0.9x | -1.1x |
|---|
