Sing Lee Software Group Ltd Net Income jumped on 443% and Revenue jumped on 15.7%
22/03/2017 • About Sing Lee Software Group Ltd (
$8076) • By InTwits
Sing Lee Software Group Ltd reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts: Sing Lee Software 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 -6.7% for the sames years0.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Sing Lee Software Group Ltd ($8076) key annual financial indicators
| mln. CNY | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 36.080 | 33.364 | 48.908 | 55.819 | 64.557 | 15.7% |
| Gross Profit | 18.103 | 9.810 | 21.516 | 26.596 | | -100.0% |
| SG&A | 32.011 | 26.489 | 18.488 | 21.271 | | -100.0% |
| EBITDA | -10.876 | -16.423 | 4.447 | 6.772 | | -100.0% |
| Net Income | -11.334 | -18.203 | 0.571 | 1.294 | 7.028 | 443.1% |
Balance Sheet
|
|---|
| Cash | 19.147 | 15.233 | 12.217 | 18.901 | | -100.0% |
| Short Term Debt | 2.405 | 5.095 | 7.017 | 10.179 | | -100.0% |
| Long Term Debt | 32.018 | 27.157 | 32.929 | 38.421 | | -100.0% |
Cash flow
|
|---|
| Capex | 1.176 | 0.060 | 6.864 | 0.639 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 91.5% | -7.5% | 46.6% | 14.1% | 15.7% | |
| EBITDA growth | -80.8% | 51.0% | -127.1% | 52.3% | | |
| Gross Margin | 50.2% | 29.4% | 44.0% | 47.6% | | -47.6% |
| EBITDA Margin | -30.1% | -49.2% | 9.1% | 12.1% | 0.0% | -12.1% |
| Net Income Margin | -31.4% | -54.6% | 1.2% | 2.3% | 10.9% | 8.6% |
| SG&A, % of revenue | 88.7% | 79.4% | 37.8% | 38.1% | | -38.1% |
| CAPEX, % of revenue | 3.3% | 0.2% | 14.0% | 1.1% | | -1.1% |
| ROIC | -18.7% | -50.9% | 10.0% | 12.4% | | -12.4% |
| ROE | -205.5% | | | | | 0.0% |
| Net Debt/EBITDA | | | 6.2x | 4.4x | | -4.4x |
Revenue and profitability
The company's Revenue jumped on 15.7%.
Net Income marign increased on 8.6 pp from 2.3% to 10.9% in FY2016.
Appendix 1: Peers in Software
Below you can find Sing Lee Software Group Ltd benchmarking vs. other companies in Software 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 |
|---|
| Yunbo Digital Synergy Group Ltd ($8050) | | 241.6% | -31.9% | 348.0% | 99.6% |
| Pizu Group Holdings Ltd ($8053) | | -42.9% | 1,742.9% | 157.9% | 235.2% |
| China Eco-Farming Ltd ($8166) | -23.6% | -7.7% | 21.8% | 155.5% | |
| ICO Group Ltd ($8140) | | -11.1% | -3.1% | 104.9% | 29.8% |
| Aurum Pacific China Group Ltd ($8148) | | | 50.0% | 92.7% | -17.8% |
| |
|---|
| Median (38 companies) | 18.6% | 13.2% | 21.2% | 5.5% | 17.4% |
|---|
| Sing Lee Software Group Ltd ($8076) | | -7.5% | 46.6% | 14.1% | 15.7% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Bio Cassava Holdings Ltd ($8129) | 90.4% | 97.4% | 98.4% | 98.3% | |
| Chanjet Information Technology Co Ltd ($1588) | 89.2% | 91.3% | 92.4% | 91.4% | |
| China Binary Sale Technology Ltd ($8255) | 63.5% | 68.5% | 67.7% | 85.9% | |
| Kingdee International Software Group Co Ltd ($268) | 65.0% | 75.3% | 82.5% | 81.5% | 81.3% |
| Tian Ge Interactive Holdings Ltd ($1980) | 88.5% | 87.6% | 84.8% | 77.7% | |
| |
|---|
| Median (37 companies) | 44.3% | 43.1% | 42.1% | 40.1% | 38.6% |
|---|
| Sing Lee Software Group Ltd ($8076) | 50.2% | 29.4% | 44.0% | 47.6% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| International Entertainment Corp ($1009) | 50.8% | 64.0% | 54.9% | 62.0% | 45.5% |
| Sinosoft Technology Group Ltd ($1297) | 62.6% | 54.9% | 57.2% | 59.0% | |
| China Binary Sale Technology Ltd ($8255) | 35.1% | 35.4% | 44.4% | 50.5% | |
| Boyaa Interactive International Ltd ($434) | 38.5% | 25.8% | 30.7% | 47.6% | |
| TravelSky Technology Ltd ($696) | 38.1% | 35.8% | 31.9% | 41.1% | |
| |
|---|
| Median (38 companies) | 9.8% | 13.7% | 9.9% | 8.5% | 5.4% |
|---|
| Sing Lee Software Group Ltd ($8076) | -30.1% | -49.2% | 9.1% | 12.1% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| NetDragon Websoft Inc ($777) | 21.1% | 34.6% | 54.6% | 42.9% | |
| China Information Technology Development Ltd ($8178) | 4.1% | 1.1% | 0.5% | 40.7% | |
| Aurum Pacific China Group Ltd ($8148) | | 2.9% | 7.5% | 20.6% | |
| TravelSky Technology Ltd ($696) | 8.9% | 21.7% | 18.1% | 18.1% | |
| Kingsoft Corp Ltd ($3888) | 4.3% | 3.8% | 14.3% | 11.1% | |
| |
|---|
| Median (38 companies) | 1.4% | 1.6% | 2.6% | 2.1% | 0.5% |
|---|
| Sing Lee Software Group Ltd ($8076) | 3.3% | 0.2% | 14.0% | 1.1% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Pizu Group Holdings Ltd ($8053) | -21.8% | -13.4% | -6.8% | 120.0% | 51.7% |
| ICO Group Ltd ($8140) | | 43.5% | 6.8% | 37.7% | 27.1% |
| IGG Inc ($8002) | | 55.9% | 41.4% | 25.9% | |
| Boyaa Interactive International Ltd ($434) | 75.3% | 21.3% | 20.0% | 21.4% | |
| Sinosoft Technology Group Ltd ($1297) | 34.0% | 21.9% | 20.2% | 20.8% | |
| |
|---|
| Median (38 companies) | 5.6% | 6.7% | 3.3% | 2.0% | 4.4% |
|---|
| Sing Lee Software Group Ltd ($8076) | -18.7% | -50.9% | 10.0% | 12.4% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Epicurean and Co Ltd ($8213) | 2.3x | 4.7x | 12.3x | 12.0x | 13.9x |
| Century Sage Scientific Holdings Ltd ($1450) | 0.2x | 0.0x | -0.2x | 1.8x | |
| Microsoft Corp ($4338) | | | 0.4x | 1.2x | 1.4x |
| Chinasoft International Ltd ($354) | -0.7x | 0.7x | 1.5x | 0.7x | |
| China Technology Solar Power Holdings Ltd ($8111) | | 7.4x | 3.3x | 0.2x | 0.9x |
| |
|---|
| Median (21 companies) | -1.0x | -1.4x | -2.1x | -1.2x | -0.5x |
|---|
| Sing Lee Software Group Ltd ($8076) | | | 6.2x | 4.4x | |
