Frontier Services Group Ltd revenue surged on 168%
22/03/2017 • About Frontier Services Group Ltd (
$500) • By InTwits
Frontier Services Group 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. -156.2% in FY2015 vs. -47.1% in FY2012
- Frontier Services Group Ltd motivates its personel by high Stock Based Compensation (SBC): average SBC/Revenue for FY2012-FY2016 was 0.0%. On average EBITDA Margin was -49.5% for the sames years0
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Frontier Services Group Ltd ($500) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 55.2 | 27.7 | 310.4 | 215.3 | 576.9 | 167.9% |
| Gross Profit | 46.3 | 18.3 | 139.0 | -31.1 | | |
| SG&A | | 76.8 | 207.5 | 216.7 | | -100.0% |
| EBITDA | -26.0 | -110.8 | -114.2 | -336.3 | | |
| Net Income | -214.7 | -182.2 | -130.4 | -142.9 | -209.8 | |
Balance Sheet
|
|---|
| Cash | 601.0 | 707.2 | 283.3 | 223.4 | | -100.0% |
| Short Term Debt | 0.0 | 0.0 | 10.5 | 235.9 | | -100.0% |
| Long Term Debt | 0.0 | 0.0 | 436.0 | 307.6 | | -100.0% |
Cash flow
|
|---|
| Capex | 3.5 | 1.0 | 196.5 | 163.4 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -10.8% | -49.9% | 1,021.1% | -30.6% | 167.9% | |
| EBITDA growth | -136.1% | 326.2% | 3.1% | 194.3% | | |
| Gross Margin | 83.8% | 65.9% | 44.8% | -14.4% | | 14.4% |
| EBITDA Margin | -47.1% | -400.3% | -36.8% | -156.2% | 0.0% | 156.2% |
| Net Income Margin | -388.7% | -658.0% | -42.0% | -66.4% | -36.4% | 30.0% |
| SG&A, % of revenue | | 277.3% | 66.8% | 100.6% | | -100.6% |
| CAPEX, % of revenue | 6.3% | 3.6% | 63.3% | 75.9% | | -75.9% |
| ROIC | -3.7% | -13.8% | -11.4% | -27.9% | | 27.9% |
| ROE | -25.7% | -28.0% | -19.4% | -23.2% | | 23.2% |
Revenue and profitability
Frontier Services Group Ltd's Revenue jumped on 168%.
Net Income marign surged on 30.0 pp from -66.4% to -36.4% in FY2016.
Appendix 1: Peers in Transportation
Below you can find Frontier Services Group 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) | 9.4% | 4.6% | 5.1% | -5.7% | -12.4% |
|---|
| Frontier Services Group Ltd ($500) | | -49.9% | 1,021.1% | -30.6% | 167.9% |
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 (27 companies) | 13.0% | 10.9% | 10.3% | 12.6% | -1.8% |
|---|
| Frontier Services Group Ltd ($500) | 83.8% | 65.9% | 44.8% | -14.4% | |
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) | 9.9% | 7.4% | 7.8% | 9.5% | 4.4% |
|---|
| Frontier Services Group Ltd ($500) | -47.1% | -400.3% | -36.8% | -156.2% | |
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% |
| 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% | |
| Qinhuangdao Port Co Ltd ($3369) | 57.9% | 35.8% | 46.3% | 21.0% | |
| |
|---|
| Median (31 companies) | 7.9% | 9.0% | 6.8% | 9.0% | 8.7% |
|---|
| Frontier Services Group Ltd ($500) | 6.3% | 3.6% | 63.3% | 75.9% | |
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% |
|---|
| Frontier Services Group Ltd ($500) | -3.7% | -13.8% | -11.4% | -27.9% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Jinhui Holdings Co Ltd ($137) | 5.0x | 4.2x | 17.5x | 19.6x | |
| 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 |
| |
|---|
| Median (21 companies) | 1.1x | 1.5x | 0.8x | 1.1x | 1.7x |
|---|
