Changfeng Axle China Co Ltd revenue surged on 126%
23/03/2017 • About Changfeng Axle China Co Ltd (
$1039) • By InTwits
Changfeng Axle China Co 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. -138.1% in FY2015 vs. -45.5% in FY2012
- Changfeng Axle China Co Ltd motivates its personel by high Stock Based Compensation (SBC): average SBC/Revenue for FY2012-FY2016 was 0.0%. On average EBITDA Margin was -32.6% for the sames years0
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Changfeng Axle China Co Ltd ($1039) key annual financial indicators
| mln. | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 503.8 | 429.8 | 336.9 | 170.4 | 385.5 | 126.3% |
| Gross Profit | 88.3 | 72.9 | 6.0 | -159.8 | | |
| SG&A | 93.1 | 93.9 | 74.7 | 131.9 | | -100.0% |
| EBITDA | -229.3 | -87.6 | -42.5 | -235.2 | | |
| Net Income | -459.4 | -208.2 | -411.7 | -574.0 | -176.6 | |
Balance Sheet
|
|---|
| Cash | 61.9 | 57.9 | 6.9 | 195.6 | | -100.0% |
| Short Term Debt | 498.6 | 529.3 | 331.9 | 171.9 | | -100.0% |
| Long Term Debt | 0.0 | 0.0 | 0.0 | 208.7 | | -100.0% |
Cash flow
|
|---|
| Capex | 72.5 | 17.8 | 3.6 | 65.3 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -45.3% | -14.7% | -21.6% | -49.4% | 126.3% | |
| EBITDA growth | -259.4% | -61.8% | -51.5% | 453.5% | | |
| Gross Margin | 17.5% | 17.0% | 1.8% | -93.8% | | 93.8% |
| EBITDA Margin | -45.5% | -20.4% | -12.6% | -138.1% | 0.0% | 138.1% |
| Net Income Margin | -91.2% | -48.5% | -122.2% | -336.9% | -45.8% | 291.1% |
| SG&A, % of revenue | 18.5% | 21.8% | 22.2% | 77.4% | | -77.4% |
| CAPEX, % of revenue | 14.4% | 4.1% | 1.1% | 38.3% | | -38.3% |
| ROIC | -13.9% | -7.6% | -6.2% | -30.0% | | 30.0% |
| ROE | -35.5% | -21.7% | -64.0% | -217.8% | | 217.8% |
Revenue and profitability
Changfeng Axle China Co Ltd's Revenue jumped on 126%.
Net Income marign jumped on 291 pp from -337% to -45.8% in FY2016.
Appendix 1: Peers in Auto Parts&Equipment
Below you can find Changfeng Axle China Co Ltd benchmarking vs. other companies in Auto Parts&Equipment 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 |
|---|
| China Vehicle Components Technology Holdings Ltd ($1269) | -10.4% | 27.1% | 31.0% | 30.9% | |
| Xinchen China Power Holdings Ltd ($1148) | | 0.5% | 2.6% | 23.3% | 5.9% |
| Minth Group Ltd ($425) | | 27.3% | 21.3% | 14.5% | 22.8% |
| Nexteer Automotive Group Ltd ($1316) | | 10.1% | 24.8% | 12.8% | 14.3% |
| Xinyi Glass Holdings Ltd ($868) | | 17.8% | 9.3% | 5.5% | 12.1% |
| |
|---|
| Median (16 companies) | -10.3% | 14.6% | 6.0% | 0.2% | 12.1% |
|---|
| Changfeng Axle China Co Ltd ($1039) | | -14.7% | -21.6% | -49.4% | 126.3% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Fuyao Glass Industry Group Co Ltd ($3606) | 37.4% | 41.0% | 41.5% | 41.5% | 42.0% |
| Minth Group Ltd ($425) | 33.1% | 33.0% | 31.2% | 31.7% | 34.6% |
| Xinyi Glass Holdings Ltd ($868) | 26.4% | 31.6% | 25.2% | 27.3% | 36.3% |
| Zhejiang Shibao Co Ltd ($1057) | 30.3% | 26.0% | 26.4% | 25.5% | |
| Huazhong In-Vehicle Holdings Co Ltd ($6830) | 20.9% | 23.6% | 24.0% | 24.2% | |
| |
|---|
| Median (17 companies) | 20.8% | 20.6% | 22.3% | 20.3% | 35.4% |
|---|
| Changfeng Axle China Co Ltd ($1039) | 17.5% | 17.0% | 1.8% | -93.8% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Fuyao Glass Industry Group Co Ltd ($3606) | 28.5% | 28.7% | 29.2% | 27.7% | 28.6% |
| Xinyi Glass Holdings Ltd ($868) | 22.5% | 43.8% | 20.0% | 25.0% | 31.4% |
| Minth Group Ltd ($425) | 25.6% | 24.2% | 23.1% | 24.5% | 26.3% |
| Xiezhong International Holdings Ltd ($3663) | 20.7% | 17.2% | 16.0% | 18.6% | |
| Nexteer Automotive Group Ltd ($1316) | 6.7% | 10.4% | 12.0% | 13.7% | 14.8% |
| |
|---|
| Median (17 companies) | 9.4% | 11.9% | 12.4% | 11.4% | 27.4% |
|---|
| Changfeng Axle China Co Ltd ($1039) | -45.5% | -20.4% | -12.6% | -138.1% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Hybrid Kinetic Group Ltd ($1188) | 8.5% | | | 176.2% | |
| Fuyao Glass Industry Group Co Ltd ($3606) | 14.6% | 16.5% | 21.1% | 23.9% | 21.3% |
| Xiezhong International Holdings Ltd ($3663) | 22.9% | 24.9% | 12.0% | 19.4% | |
| Xinyi Glass Holdings Ltd ($868) | 17.0% | 28.9% | 15.8% | 16.7% | |
| Minth Group Ltd ($425) | 14.8% | 16.1% | 18.7% | 15.4% | |
| |
|---|
| Median (17 companies) | 8.5% | 8.5% | 6.1% | 7.4% | 12.8% |
|---|
| Changfeng Axle China Co Ltd ($1039) | 14.4% | 4.1% | 1.1% | 38.3% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Nexteer Automotive Group Ltd ($1316) | 14.0% | 18.2% | 17.7% | 21.2% | 24.9% |
| Fuyao Glass Industry Group Co Ltd ($3606) | 19.0% | 21.1% | 22.3% | 15.7% | 15.0% |
| Minth Group Ltd ($425) | 11.9% | 12.1% | 11.8% | 13.4% | 17.1% |
| Xinyi Glass Holdings Ltd ($868) | 9.3% | 22.6% | 8.3% | 10.8% | 15.5% |
| Huazhong In-Vehicle Holdings Co Ltd ($6830) | 2.4% | 9.2% | 12.5% | 10.3% | |
| |
|---|
| Median (17 companies) | 7.6% | 8.9% | 6.9% | 3.3% | 16.3% |
|---|
| Changfeng Axle China Co Ltd ($1039) | -13.9% | -7.6% | -6.2% | -30.0% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Huazhong In-Vehicle Holdings Co Ltd ($6830) | 7.9x | 2.8x | 2.2x | 2.9x | |
| Xiezhong International Holdings Ltd ($3663) | 0.6x | 1.2x | 1.2x | 2.2x | |
| China Vehicle Components Technology Holdings Ltd ($1269) | 9.4x | 5.8x | 5.3x | 2.0x | |
| Xinchen China Power Holdings Ltd ($1148) | -0.1x | -2.3x | 0.6x | 1.9x | |
| Xinyi Glass Holdings Ltd ($868) | 1.9x | 0.9x | 2.4x | 1.7x | 1.2x |
| |
|---|
| Median (12 companies) | 0.7x | 1.0x | 1.0x | 0.6x | 0.1x |
|---|
