Shougang Concord International Enterprises Co Ltd revenue dropped on 85.8% in 2016
23/03/2017 • About Shougang Concord International Enterprises Co Ltd (
$697) • By InTwits
Shougang Concord International Enterprises Co Ltd reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Shougang Concord International Enterprises Co Ltd is a company in decline: FY2016 revenue growth was -85.8%, 5 years revenue CAGR was -45.4%
- EBITDA Margin is relatively stable: in FY2016 vs. -15.6% in FY2015 vs. -8.0% in FY2012
- Shougang Concord International Enterprises Co Ltd spends a lot for Stock Based Compensation (SBC): average SBC/Revenue for FY2012-FY2016 is 0.0%. Average EBITDA Margin for the same period was -6.0%0
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Shougang Concord International Enterprises Co Ltd ($697) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 16,216 | 15,266 | 12,756 | 7,273 | 1,036 | -85.8% |
| Gross Profit | -1,319 | -850 | -505 | -1,135 | | |
| SG&A | 606 | 554 | 596 | 655 | | -100.0% |
| EBITDA | -1,297 | -559 | -174 | -1,135 | | |
| Net Income | -1,947 | -1,396 | -1,641 | -3,349 | -1,621 | |
Balance Sheet
|
|---|
| Cash | 1,563 | 1,266 | 872 | 519 | | -100.0% |
| Short Term Debt | 11,156 | 9,633 | 8,086 | 7,000 | | -100.0% |
| Long Term Debt | 455 | 856 | 925 | 819 | | -100.0% |
Cash flow
|
|---|
| Capex | 425 | 387 | 324 | 111 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -23.7% | -5.9% | -16.4% | -43.0% | -85.8% | |
| EBITDA growth | -244.7% | -56.9% | -68.8% | 551.6% | | |
| Gross Margin | -8.1% | -5.6% | -4.0% | -15.6% | | 15.6% |
| EBITDA Margin | -8.0% | -3.7% | -1.4% | -15.6% | 0.0% | 15.6% |
| Net Income Margin | -12.0% | -9.1% | -12.9% | -46.1% | -156.5% | -110.5% |
| SG&A, % of revenue | 3.7% | 3.6% | 4.7% | 9.0% | | -9.0% |
| CAPEX, % of revenue | 2.6% | 2.5% | 2.5% | 1.5% | | -1.5% |
| ROIC | -9.4% | -7.8% | -7.1% | -18.8% | | 18.8% |
| ROE | -21.3% | -18.7% | -28.2% | -108.7% | | 108.7% |
Revenue and profitability
Shougang Concord International Enterprises Co Ltd's Revenue dropped on 85.8%.
Net Income marign dropped on 110 pp from -46.1% to -157% in FY2016.
Appendix 1: Peers in Iron/Steel
Below we provide Shougang Concord International Enterprises Co Ltd benchmarking against other companies in Iron/Steel 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 |
|---|
| CAA Resources Ltd ($2112) | 99.6% | 103.2% | 38.0% | 261.2% | |
| Newton Resources Ltd ($1231) | | | -41.6% | 170.9% | |
| Fosun International Ltd ($656) | -8.9% | -1.4% | 21.0% | 27.6% | |
| Wanguo International Mining Group Ltd ($3939) | -1.0% | -11.0% | -16.2% | 0.7% | |
| Da Ming International Holdings Ltd ($1090) | | 29.3% | 29.8% | -8.1% | 13.7% |
| |
|---|
| Median (19 companies) | -7.7% | 0.6% | -1.7% | -20.4% | 17.5% |
|---|
| Shougang Concord International Enterprises Co Ltd ($697) | | -5.9% | -16.4% | -43.0% | -85.8% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Newton Resources Ltd ($1231) | | -223.7% | 15.7% | 37.5% | |
| Wanguo International Mining Group Ltd ($3939) | 47.4% | 50.7% | 39.6% | 29.2% | |
| China Metal International Holdings Inc ($319) | 20.9% | 24.3% | 24.8% | 25.5% | |
| China Hanking Holdings Ltd ($3788) | 53.6% | 54.4% | 35.1% | 23.8% | |
| Fosun International Ltd ($656) | 18.0% | 20.3% | 23.7% | 22.4% | |
| |
|---|
| Median (19 companies) | 17.8% | 20.3% | 12.9% | 11.4% | 9.4% |
|---|
| Shougang Concord International Enterprises Co Ltd ($697) | -8.1% | -5.6% | -4.0% | -15.6% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Wanguo International Mining Group Ltd ($3939) | 39.7% | 36.2% | 31.3% | 26.7% | |
| Fosun International Ltd ($656) | 16.7% | 23.0% | 20.9% | 22.2% | |
| China Metal International Holdings Inc ($319) | 19.7% | 21.3% | 21.0% | 22.0% | |
| Xingda International Holdings Ltd ($1899) | 17.3% | 22.2% | 19.1% | 13.6% | |
| Tiangong International Co Ltd ($826) | 25.1% | 25.8% | 19.3% | 11.6% | |
| |
|---|
| Median (19 companies) | 16.4% | 21.3% | 8.1% | 2.1% | 3,240.6% |
|---|
| Shougang Concord International Enterprises Co Ltd ($697) | -8.0% | -3.7% | -1.4% | -15.6% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Newton Resources Ltd ($1231) | | 926.9% | 1,395.7% | 197.0% | |
| Vale SA ($6210) | 34.0% | 28.1% | 29.8% | 34.5% | 18.3% |
| China Hanking Holdings Ltd ($3788) | 38.0% | 35.7% | 20.2% | 30.5% | |
| Pan Asia Mining Ltd ($8173) | 1.5% | 0.4% | 2.4% | 24.4% | 7.6% |
| China Vanadium Titano - Magnetite Mining Co Ltd ($893) | 8.9% | 10.5% | 20.4% | 24.1% | |
| |
|---|
| Median (19 companies) | 9.0% | 10.9% | 8.1% | 8.8% | 12.9% |
|---|
| Shougang Concord International Enterprises Co Ltd ($697) | 2.6% | 2.5% | 2.5% | 1.5% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Metal International Holdings Inc ($319) | 11.0% | 12.0% | 12.7% | 11.4% | |
| Wanguo International Mining Group Ltd ($3939) | 38.4% | 24.4% | 15.0% | 11.1% | |
| Golik Holdings Ltd ($1118) | 7.0% | 7.4% | 10.0% | 10.8% | |
| CAA Resources Ltd ($2112) | 69.2% | 33.5% | 2.2% | 6.9% | |
| Fosun International Ltd ($656) | 6.1% | 7.9% | 6.8% | 6.9% | |
| |
|---|
| Median (19 companies) | 6.7% | 7.9% | 5.0% | -3.0% | 33.9% |
|---|
| Shougang Concord International Enterprises Co Ltd ($697) | -9.4% | -7.8% | -7.1% | -18.8% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Angang Steel Co Ltd ($347) | 21.4x | 4.0x | 4.3x | 29.1x | |
| China Hanking Holdings Ltd ($3788) | 0.4x | 2.5x | 4.7x | 27.3x | |
| Tiangong International Co Ltd ($826) | 2.5x | 3.0x | 3.2x | 6.9x | |
| Fosun International Ltd ($656) | 4.4x | 4.8x | 5.5x | 4.4x | |
| China Oriental Group Co Ltd ($581) | 4.6x | 5.3x | 4.5x | 3.3x | |
| |
|---|
| Median (11 companies) | 2.2x | 2.8x | 3.0x | 2.1x | 4.2x |
|---|
