C C Land Holdings Ltd reports 126% Net Income decline
23/03/2017 • About C C Land Holdings Ltd (
$1224) • By InTwits
C C Land Holdings Ltd reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts: C C Land Holdings Ltd is a company in decline: FY2016 revenue growth was -82.9%, 5 years revenue CAGR was -24.8%.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
C C Land Holdings Ltd ($1224) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 7,433 | 6,845 | 10,300 | 6,620 | 1,129 | -82.9% |
| Gross Profit | 2,499 | 2,124 | 2,712 | 1,862 | | -100.0% |
| SG&A | 740 | 839 | 861 | 694 | | -100.0% |
| EBITDA | 2,005 | 1,616 | 2,536 | 3,689 | | -100.0% |
| Net Income | 529 | 505 | 1,068 | 1,367 | -357 | -126.1% |
Balance Sheet
|
|---|
| Cash | 3,648 | 5,709 | 6,339 | 2,778 | | -100.0% |
| Short Term Debt | 7,519 | 4,103 | 4,489 | 450 | | -100.0% |
| Long Term Debt | 2,938 | 7,531 | 7,929 | 350 | | -100.0% |
Cash flow
|
|---|
| Capex | 3,650 | 3,448 | 751 | 610 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 58.1% | -7.9% | 50.5% | -35.7% | -82.9% | |
| EBITDA growth | 94.2% | -19.4% | 57.0% | 45.5% | | |
| Gross Margin | 33.6% | 31.0% | 26.3% | 28.1% | | -28.1% |
| EBITDA Margin | 27.0% | 23.6% | 24.6% | 55.7% | 0.0% | -55.7% |
| Net Income Margin | 7.1% | 7.4% | 10.4% | 20.6% | -31.6% | -52.2% |
| SG&A, % of revenue | 10.0% | 12.3% | 8.4% | 10.5% | | -10.5% |
| CAPEX, % of revenue | 49.1% | 50.4% | 7.3% | 9.2% | | -9.2% |
| ROIC | 7.4% | 5.3% | 7.9% | 15.0% | | -15.0% |
| ROE | 4.0% | 3.7% | 7.4% | 9.4% | | -9.4% |
| Net Debt/EBITDA | 3.4x | 3.7x | 2.4x | -0.5x | | 0.5x |
Revenue and profitability
The company's Revenue dropped on 82.9%.
Net Income marign dropped on 52.2 pp from 20.6% to -31.6% in FY2016.
Appendix 1: Peers in Holding Companies-Divers
Below you can find C C Land Holdings Ltd benchmarking vs. other companies in Holding Companies-Divers 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 |
|---|
| Beijing Development HK Ltd ($154) | 12.5% | | | 1,048.9% | |
| Kong Sun Holdings Ltd ($295) | -88.3% | 5.1% | 7,067.0% | 231.2% | |
| CIAM Group Ltd ($378) | -62.2% | 47.9% | -40.0% | 211.5% | |
| Melco International Development Ltd ($200) | 16.5% | 21.7% | 3.0% | 134.9% | |
| New Century Group Hong Kong Ltd ($234) | | 326.7% | -70.3% | 118.2% | -78.2% |
| |
|---|
| Median (45 companies) | 6.1% | 5.1% | 12.6% | 7.2% | -0.4% |
|---|
| C C Land Holdings Ltd ($1224) | | -7.9% | 50.5% | -35.7% | -82.9% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| New Century Group Hong Kong Ltd ($234) | 27.3% | 85.2% | 82.8% | 91.5% | 43.4% |
| Melco International Development Ltd ($200) | 63.1% | 52.9% | 54.5% | 79.4% | |
| CIAM Group Ltd ($378) | | | | 75.8% | |
| Emperor International Holdings Ltd ($163) | 71.3% | 64.9% | 79.2% | 75.3% | 55.3% |
| Heng Fai Enterprises Ltd ($185) | 89.0% | 89.5% | 58.3% | 74.7% | |
| |
|---|
| Median (39 companies) | 32.9% | 36.0% | 34.4% | 37.5% | 38.0% |
|---|
| C C Land Holdings Ltd ($1224) | 33.6% | 31.0% | 26.3% | 28.1% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| New Century Group Hong Kong Ltd ($234) | -5.5% | 78.8% | 58.3% | 85.0% | 33.8% |
| Emperor International Holdings Ltd ($163) | 180.7% | 131.8% | 100.6% | 73.9% | -20.1% |
| Pioneer Global Group Ltd ($224) | -0.5% | -9.9% | -11.6% | 64.3% | 66.8% |
| China Merchants Holdings International Co Ltd ($144) | 56.4% | 50.8% | 45.2% | 55.7% | |
| Magnificent Estates ($201) | 45.5% | 47.8% | 53.0% | 40.6% | 49.2% |
| |
|---|
| Median (45 companies) | 2.8% | 2.8% | 7.4% | 6.2% | 9.2% |
|---|
| C C Land Holdings Ltd ($1224) | 27.0% | 23.6% | 24.6% | 55.7% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Heng Fai Enterprises Ltd ($185) | 4.8% | 77.1% | 310.0% | 458.1% | |
| Chinney Investments Ltd ($216) | 17.5% | 103.4% | 111.3% | 230.9% | 26.6% |
| China Investments Holdings Ltd ($132) | 4.8% | 81.9% | 382.2% | 222.5% | |
| Goldin Properties Holdings Ltd ($283) | 2,178.4% | 1,190.0% | 50.1% | 202.4% | 128.8% |
| Carnival Group International Holdings Ltd ($996) | | 137.9% | 61.0% | 133.3% | |
| |
|---|
| Median (45 companies) | 2.5% | 3.6% | 5.4% | 6.0% | 9.0% |
|---|
| C C Land Holdings Ltd ($1224) | 49.1% | 50.4% | 7.3% | 9.2% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Fulum Group Holdings Ltd ($1443) | | 116.3% | 55.5% | 29.8% | 12.9% |
| Chinney Alliance Group Ltd ($385) | 6.4% | 8.1% | 13.6% | 15.0% | |
| Niraku GC Holdings Inc ($1245) | | 19.0% | 18.8% | 13.1% | 2.7% |
| Top Spring International Holdings Ltd ($3688) | 15.6% | 6.9% | 7.3% | 8.0% | |
| New Century Group Hong Kong Ltd ($234) | -1.7% | 11.7% | 1.7% | 7.3% | -0.6% |
| |
|---|
| Median (45 companies) | -0.2% | 0.2% | 0.8% | 0.2% | 2.2% |
|---|
| C C Land Holdings Ltd ($1224) | 7.4% | 5.3% | 7.9% | 15.0% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Chinney Investments Ltd ($216) | 10.3x | 63.7x | 48.6x | 93.7x | 13.5x |
| Carnival Group International Holdings Ltd ($996) | | | 23.7x | 92.3x | |
| Multifield International Holdings Ltd ($898) | 3.2x | 7.3x | 3.0x | 55.9x | |
| Kong Sun Holdings Ltd ($295) | | | -23.0x | 34.0x | |
| CIAM Group Ltd ($378) | | | | 32.6x | |
| |
|---|
| Median (26 companies) | 2.4x | 2.6x | 2.9x | 2.9x | 2.8x |
|---|
| C C Land Holdings Ltd ($1224) | 3.4x | 3.7x | 2.4x | -0.5x | |
