Capital Environment Holdings Ltd revenue surged on 278%
22/03/2017 • About Capital Environment Holdings Ltd (
$3989) • By InTwits
Capital Environment Holdings Ltd reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts: It operates with high leverage: Net Debt/EBITDA is 4.7x 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.
Capital Environment Holdings Ltd ($3989) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 18 | 282 | 964 | 838 | 3,165 | 277.7% |
| Gross Profit | -0 | 143 | 123 | 164 | | -100.0% |
| SG&A | | 72 | 103 | 119 | | -100.0% |
| EBITDA | -108 | 112 | -55 | 156 | | -100.0% |
| Net Income | -147 | -124 | -68 | 24 | 51 | 117.9% |
Balance Sheet
|
|---|
| Cash | 263 | 576 | 468 | 1,201 | | -100.0% |
| Short Term Debt | 27 | 483 | 1,090 | 459 | | -100.0% |
| Long Term Debt | 642 | 607 | 637 | 479 | | -100.0% |
Cash flow
|
|---|
| Capex | 4 | 2 | 66 | 27 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -12.6% | 1,503.8% | 241.2% | -13.0% | 277.7% | |
| EBITDA growth | -4.4% | -203.8% | -149.2% | -383.3% | | |
| Gross Margin | -2.7% | 50.7% | 12.7% | 19.6% | | -19.6% |
| EBITDA Margin | -612.9% | 39.7% | -5.7% | 18.6% | 0.0% | -18.6% |
| Net Income Margin | -835.1% | -44.0% | -7.1% | 2.8% | 1.6% | -1.2% |
| SG&A, % of revenue | | 25.4% | 10.7% | 14.2% | | -14.2% |
| CAPEX, % of revenue | 22.7% | 0.5% | 6.8% | 3.2% | | -3.2% |
| ROIC | -17.5% | 8.4% | -4.0% | 3.6% | | -3.6% |
| ROE | -206.8% | -45.9% | -14.1% | 1.5% | | -1.5% |
| Net Debt/EBITDA | | 4.6x | | -1.7x | | 1.7x |
Revenue and profitability
The company's Revenue jumped on 278%.
Net Income marign decreased slightly on 1.2 pp from 2.8% to 1.6% in FY2016.
Appendix 1: Peers in Environmental Control
Below we provide Capital Environment Holdings Ltd benchmarking against other companies in Environmental Control 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 |
|---|
| Sky Forever Supply Chain Management Group Ltd ($8047) | | 446.4% | -62.3% | 12,494.5% | 1.5% |
| Pan Asia Environmental Protection Group Ltd ($556) | -13.7% | 43.1% | -1.8% | 85.0% | |
| CT Environmental Group Ltd ($1363) | -18.7% | 23.1% | 112.9% | 75.4% | |
| ELL Environmental Holdings Ltd ($1395) | 5.3% | 38.8% | 30.9% | 70.8% | |
| Ozner Water International Holding Ltd ($2014) | 183.9% | 38.5% | 27.2% | 45.7% | |
| |
|---|
| Median (24 companies) | 5.3% | 18.1% | 20.7% | 4.0% | 52.4% |
|---|
| Capital Environment Holdings Ltd ($3989) | | 1,503.8% | 241.2% | -13.0% | 277.7% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| EverChina International Holdings Co Ltd ($202) | 51.8% | 53.4% | 95.3% | 95.4% | 93.5% |
| Ozner Water International Holding Ltd ($2014) | 64.5% | 67.8% | 65.4% | 58.9% | |
| CT Environmental Group Ltd ($1363) | 65.8% | 63.1% | 56.4% | 49.9% | |
| Kangda International Environmental Co Ltd ($6136) | 44.2% | 38.3% | 40.0% | 47.6% | |
| China Water Affairs Group Ltd ($855) | 44.0% | 43.1% | 41.8% | 47.3% | 47.1% |
| |
|---|
| Median (23 companies) | 39.0% | 30.5% | 32.2% | 34.1% | 31.9% |
|---|
| Capital Environment Holdings Ltd ($3989) | -2.7% | 50.7% | 12.7% | 19.6% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| CT Environmental Group Ltd ($1363) | 63.6% | 62.8% | 58.7% | 64.6% | |
| Tianjin Capital Environmental Protection Group Co Ltd ($1065) | 57.5% | 56.6% | 57.8% | 57.9% | |
| China Everbright International Ltd ($257) | 44.6% | 40.7% | 43.6% | 44.1% | 35.9% |
| China Water Affairs Group Ltd ($855) | 38.2% | 38.1% | 37.1% | 40.3% | 40.2% |
| Kangda International Environmental Co Ltd ($6136) | 37.1% | 33.6% | 32.4% | 36.6% | |
| |
|---|
| Median (24 companies) | 17.9% | 10.8% | 5.1% | 13.1% | -12.8% |
|---|
| Capital Environment Holdings Ltd ($3989) | -612.9% | 39.7% | -5.7% | 18.6% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Chaoyue Group Ltd ($147) | | 18.1% | 9.2% | 100.9% | 1.4% |
| Ozner Water International Holding Ltd ($2014) | 94.9% | 102.2% | 148.5% | 90.9% | |
| Integrated Waste Solutions Group Holdings Ltd ($923) | 13.2% | 10.6% | 41.7% | 88.1% | 36.5% |
| Green Energy Group Ltd ($979) | 169.0% | 270.8% | 41.9% | 59.0% | |
| CT Environmental Group Ltd ($1363) | 65.0% | 27.1% | 51.4% | 40.5% | |
| |
|---|
| Median (23 companies) | 11.7% | 13.0% | 8.8% | 7.7% | 2.6% |
|---|
| Capital Environment Holdings Ltd ($3989) | 22.7% | 0.5% | 6.8% | 3.2% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| CT Environmental Group Ltd ($1363) | 25.9% | 20.5% | 20.8% | 20.1% | |
| China Everbright International Ltd ($257) | 10.4% | 11.2% | 10.5% | 10.8% | 11.4% |
| Sound Global Ltd ($967) | 12.8% | 11.5% | 10.8% | 9.3% | |
| Baguio Green Group Ltd ($1397) | 20.1% | 29.2% | 9.6% | 9.0% | |
| Tianjin Capital Environmental Protection Group Co Ltd ($1065) | 7.1% | 6.8% | 7.8% | 8.8% | |
| |
|---|
| Median (24 companies) | 3.9% | 4.0% | 4.9% | 4.9% | -2.5% |
|---|
| Capital Environment Holdings Ltd ($3989) | -17.5% | 8.4% | -4.0% | 3.6% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Kangda International Environmental Co Ltd ($6136) | 4.4x | 5.1x | 4.8x | 5.2x | |
| China Water Affairs Group Ltd ($855) | 2.6x | 2.7x | 3.2x | 3.4x | 3.0x |
| Dynagreen Environmental Protection Group Co Ltd ($1330) | 3.2x | | | 3.2x | |
| Sound Global Ltd ($967) | -0.1x | 0.3x | 1.9x | 2.8x | |
| China Everbright International Ltd ($257) | 2.1x | 0.5x | 1.5x | 2.6x | 3.0x |
| |
|---|
| Median (15 companies) | 2.3x | 0.3x | 1.2x | 1.8x | 3.0x |
|---|
| Capital Environment Holdings Ltd ($3989) | | 4.6x | | -1.7x | |
