CGN Mining Co Ltd EBITDA Margin dropped on 36.9 pp from 36.9% to in 2016
24/03/2017 • About CGN Mining Co Ltd (
$1164) • By InTwits
CGN Mining Co Ltd reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
CGN Mining Co Ltd ($1164) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 1,232 | 797 | 1,152 | 703 | 708 | 0.6% |
| Gross Profit | 201 | 153 | 176 | 283 | | -100.0% |
| SG&A | 165 | 100 | 34 | 31 | | -100.0% |
| EBITDA | 48 | 59 | 147 | 259 | | -100.0% |
| Net Income | 19 | 16 | -42 | 298 | 389 | 30.6% |
Balance Sheet
|
|---|
| Cash | 605 | 1,030 | 234 | 286 | | -100.0% |
| Short Term Debt | 0 | 0 | 0 | 290 | | -100.0% |
| Long Term Debt | 493 | 521 | 550 | 0 | | |
Cash flow
|
|---|
| Capex | 5 | 1 | 1 | 1 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 230.6% | -35.4% | 44.6% | -38.9% | 0.6% | |
| EBITDA growth | -174.5% | 23.1% | 150.1% | 76.1% | | |
| Gross Margin | 16.3% | 19.2% | 15.3% | 40.2% | | -40.2% |
| EBITDA Margin | 3.9% | 7.4% | 12.8% | 36.9% | 0.0% | -36.9% |
| Net Income Margin | 1.5% | 2.1% | -3.6% | 42.4% | 55.0% | 12.6% |
| SG&A, % of revenue | 13.4% | 12.5% | 2.9% | 4.5% | | -4.5% |
| CAPEX, % of revenue | 0.4% | 0.1% | 0.1% | 0.1% | | -0.1% |
| ROIC | 2.6% | 3.3% | 7.9% | 16.7% | | -16.7% |
| ROE | 1.8% | 1.5% | -3.4% | 27.6% | | -27.6% |
| Net Debt/EBITDA | -2.3x | -8.7x | 2.1x | 0.0x | | -0.0x |
Revenue and profitability
The company's Revenue increased slightly on 0.62%.
Net Income marign jumped on 12.6 pp from 42.4% to 55.0% in FY2016.
Appendix 1: Peers in Mining
Below you can find CGN Mining Co Ltd benchmarking vs. other companies in Mining 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 |
|---|
| Mongolia Energy Corp Ltd ($276) | | 89.7% | -95.8% | 2,361.6% | 1,178.3% |
| Real Gold Mining Ltd ($246) | -44.0% | -68.0% | -26.2% | 106.2% | |
| REX Global Entertainment Holdings Ltd ($164) | | 81.6% | -15.5% | 96.4% | 30.4% |
| Hengxing Gold Holding Co Ltd ($2303) | | | 3,467.3% | 78.0% | |
| Zijin Mining Group Co Ltd ($2899) | | 2.5% | 18.1% | 26.9% | 6.1% |
| |
|---|
| Median (48 companies) | 6.4% | 2.4% | -5.3% | -17.4% | 6.1% |
|---|
| CGN Mining Co Ltd ($1164) | | -35.4% | 44.6% | -38.9% | 0.6% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Sino Prosper Group Holdings Ltd ($766) | 2.5% | 5.1% | 39.6% | 93.0% | 87.4% |
| REX Global Entertainment Holdings Ltd ($164) | -15.8% | -7.8% | -0.8% | 88.6% | 87.3% |
| China Billion Resources Ltd ($274) | 71.4% | 47.2% | 73.4% | 79.7% | |
| Sun International Resources Ltd ($8029) | 83.2% | 73.1% | 64.8% | 69.4% | 58.8% |
| Grand T G Gold Holdings Ltd ($8299) | | | | 57.3% | 59.0% |
| |
|---|
| Median (49 companies) | 14.4% | 13.8% | 15.5% | 14.3% | 24.0% |
|---|
| CGN Mining Co Ltd ($1164) | 16.3% | 19.2% | 15.3% | 40.2% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| G-Resources Group Ltd ($1051) | | 54.5% | 53.4% | 58.3% | |
| Grand T G Gold Holdings Ltd ($8299) | | | | 53.7% | 58.9% |
| China Precious Metal Resources Holdings Co Ltd ($1194) | 70.0% | 64.6% | 59.6% | 51.3% | |
| Timeless Software Ltd ($8028) | -113.1% | 24.7% | -13.7% | 46.1% | 28.0% |
| Hengxing Gold Holding Co Ltd ($2303) | | -766.2% | 24.5% | 43.9% | |
| |
|---|
| Median (50 companies) | 5.1% | 8.3% | 4.9% | 4.4% | 11.5% |
|---|
| CGN Mining Co Ltd ($1164) | 3.9% | 7.4% | 12.8% | 36.9% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Mongolia Energy Corp Ltd ($276) | 8,006.5% | 1,061.7% | 30,555.4% | 1,973.0% | 20.9% |
| Kaz Minerals ($847) | 36.6% | 136.5% | 168.8% | 168.7% | 41.9% |
| Chinalco Mining Corp International ($3668) | | | | 115.6% | |
| China Dynamics Holdings Ltd ($476) | 1.8% | 0.0% | 1.0% | 113.8% | 5.7% |
| MMG Ltd ($1208) | 25.7% | 22.6% | 41.9% | 100.4% | 31.0% |
| |
|---|
| Median (49 companies) | 17.4% | 17.6% | 15.8% | 12.3% | 7.0% |
|---|
| CGN Mining Co Ltd ($1164) | 0.4% | 0.1% | 0.1% | 0.1% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| United Co RUSAL PLC ($486) | 0.3% | -9.0% | 6.3% | 12.3% | 9.0% |
| Xingfa Aluminium Holdings Ltd ($98) | 7.6% | 8.8% | 11.7% | 11.8% | |
| Timeless Software Ltd ($8028) | -29.1% | 7.3% | -4.6% | 11.6% | 3.9% |
| China Hongqiao Group Ltd ($1378) | 24.8% | 17.0% | 14.1% | 10.6% | |
| Hengxing Gold Holding Co Ltd ($2303) | -7.2% | -8.1% | 0.0% | 8.6% | |
| |
|---|
| Median (51 companies) | 0.9% | 2.4% | 0.0% | -1.1% | 1.9% |
|---|
| CGN Mining Co Ltd ($1164) | 2.6% | 3.3% | 7.9% | 16.7% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Daye Non-Ferrous Metals Mining Ltd ($661) | 9.2x | 9.7x | 9.2x | 31.5x | |
| Chinalco Mining Corp International ($3668) | | | | 25.0x | |
| MMG Ltd ($1208) | 2.1x | 2.0x | 10.2x | 20.2x | 10.4x |
| Kaz Minerals ($847) | 2.4x | 2.9x | 5.5x | 18.7x | 8.8x |
| China Precious Metal Resources Holdings Co Ltd ($1194) | 1.5x | 4.1x | 6.4x | 13.5x | |
| |
|---|
| Median (29 companies) | 2.1x | 2.0x | 4.5x | 4.1x | 4.4x |
|---|
| CGN Mining Co Ltd ($1164) | -2.3x | -8.7x | 2.1x | 0.0x | |
