Dynagreen Environmental Protection Group Co Ltd reports 57.2% Net Income growth in 2016
23/03/2017 • About Dynagreen Environmental Protection Group Co Ltd (
$1330) • By InTwits
Dynagreen Environmental Protection Group Co 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 38.3x while industry average is -0.8x.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Dynagreen Environmental Protection Group Co Ltd ($1330) key annual financial indicators
| mln. CNY | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 932 | 972 | 1,221 | 1,248 | 1,874 | 50.2% |
| Gross Profit | | 284 | 382 | 443 | | -100.0% |
| SG&A | | 52 | 89 | 86 | | -100.0% |
| EBITDA | 226 | | | 418 | | -100.0% |
| Net Income | 146 | 151 | 142 | 227 | 356 | 57.2% |
Balance Sheet
|
|---|
| Cash | 185 | 523 | 786 | 561 | | -100.0% |
| Short Term Debt | 287 | 415 | 558 | 362 | | -100.0% |
| Long Term Debt | 624 | 1,299 | 1,040 | 1,546 | | -100.0% |
Cash flow
|
|---|
| Capex | 3 | 4 | 2 | 5 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 110.5% | 4.3% | 25.6% | 2.3% | 50.2% | |
| EBITDA growth | 62.3% | | | | | |
| Gross Margin | | 29.2% | 31.3% | 35.5% | | -35.5% |
| EBITDA Margin | 24.3% | 0.0% | 0.0% | 33.5% | 0.0% | -33.5% |
| Net Income Margin | 15.7% | 15.5% | 11.6% | 18.2% | 19.0% | 0.9% |
| SG&A, % of revenue | | 5.3% | 7.3% | 6.9% | | -6.9% |
| CAPEX, % of revenue | 0.3% | 0.4% | 0.2% | 0.4% | | -0.4% |
| ROIC | 11.4% | 9.0% | 8.5% | 8.6% | | -8.6% |
| ROE | 13.0% | 12.5% | 8.4% | 9.9% | | -9.9% |
| Net Debt/EBITDA | 3.2x | | | 3.2x | | -3.2x |
Revenue and profitability
Dynagreen Environmental Protection Group Co Ltd's Revenue jumped on 50.2%.
Net Income marign increased slightly on 0.85 pp from 18.2% to 19.0% in FY2016.
Appendix 1: Peers in Environmental Control
Below we provide Dynagreen Environmental Protection Group Co 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) | 4.8% | 18.9% | 20.7% | 4.0% | 63.7% |
|---|
| Dynagreen Environmental Protection Group Co Ltd ($1330) | | 4.3% | 25.6% | 2.3% | 50.2% |
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) | 36.3% | 30.6% | 32.2% | 32.7% | 31.9% |
|---|
| Dynagreen Environmental Protection Group Co Ltd ($1330) | | 29.2% | 31.3% | 35.5% | |
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) | 9.9% | 11.3% | 4.1% | 13.1% | -12.8% |
|---|
| Dynagreen Environmental Protection Group Co Ltd ($1330) | 24.3% | | | 33.5% | |
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) | 12.9% | 13.0% | 8.8% | 7.7% | 2.6% |
|---|
| Dynagreen Environmental Protection Group Co Ltd ($1330) | 0.3% | 0.4% | 0.2% | 0.4% | |
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) | 0.5% | 4.0% | 2.5% | 3.2% | -2.5% |
|---|
| Dynagreen Environmental Protection Group Co Ltd ($1330) | 11.4% | 9.0% | 8.5% | 8.6% | |
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 |
| 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 |
| Dongjiang Environmental Co Ltd ($895) | -1.7x | -1.5x | 0.9x | 2.5x | |
| |
|---|
| Median (15 companies) | 2.2x | 0.3x | 1.2x | 1.2x | 3.0x |
|---|
| Dynagreen Environmental Protection Group Co Ltd ($1330) | 3.2x | | | 3.2x | |
