Cinderella Media Group Ltd reports 53.6% revenue growth in FY2016
24/03/2017 • About Cinderella Media Group Ltd (
$550) • By InTwits
Cinderella Media Group 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 -6.5x while industry average is -5.5x.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Cinderella Media Group Ltd ($550) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 1,526 | 556 | 60 | 63 | 97 | 53.6% |
| Gross Profit | 401 | 149 | 43 | 46 | | -100.0% |
| SG&A | | 82 | 30 | 42 | | -100.0% |
| EBITDA | 278 | 102 | 26 | 6 | | -100.0% |
| Net Income | 162 | 125 | 79 | -26 | -12 | |
Balance Sheet
|
|---|
| Cash | 443 | 383 | 152 | 91 | | -100.0% |
| Short Term Debt | 125 | 65 | 8 | 0 | | |
| Long Term Debt | 1 | 0 | 0 | 0 | | |
Cash flow
|
|---|
| Capex | 23 | 28 | 4 | 2 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 7.1% | -63.6% | -89.2% | 4.9% | 53.6% | |
| EBITDA growth | 17.5% | -63.4% | -74.4% | -75.3% | | |
| Gross Margin | 26.3% | 26.7% | 72.1% | 72.8% | | -72.8% |
| EBITDA Margin | 18.2% | 18.3% | 43.6% | 10.3% | 0.0% | -10.3% |
| Net Income Margin | 10.6% | 22.5% | 131.7% | -41.5% | -12.6% | 28.9% |
| SG&A, % of revenue | | 14.7% | 50.6% | 66.8% | | -66.8% |
| CAPEX, % of revenue | 1.5% | 5.1% | 6.8% | 2.7% | | -2.7% |
| ROIC | 24.6% | 6.7% | 2.3% | 2.7% | | -2.7% |
| ROE | 26.0% | 19.6% | 19.2% | -16.8% | | 16.8% |
| Net Debt/EBITDA | -1.1x | -3.1x | -5.5x | -14.1x | | 14.1x |
Revenue and profitability
Cinderella Media Group Ltd's Revenue jumped on 53.6%.
Net Income marign surged on 28.9 pp from -41.5% to -12.6% in FY2016.
Appendix 1: Peers in Advertising
Below you can find Cinderella Media Group Ltd benchmarking vs. other companies in Advertising 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 Chuanglian Education Group Ltd ($2371) | -40.5% | 332.3% | -21.8% | 26.5% | |
| Dahe Media Co Ltd ($8243) | 5.8% | -5.7% | -1.6% | 8.8% | |
| Asiaray Media Group Ltd ($1993) | | 27.1% | 9.0% | 6.5% | 4.6% |
| Branding China Group Ltd ($8219) | 11.3% | 84.6% | 12.0% | 4.5% | |
| Clear Media Ltd ($100) | | 8.2% | 6.9% | 4.1% | 2.5% |
| |
|---|
| Median (8 companies) | 5.8% | 9.0% | -1.1% | 4.3% | 2.5% |
|---|
| Cinderella Media Group Ltd ($550) | | -63.6% | -89.2% | 4.9% | 53.6% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Chuanglian Education Group Ltd ($2371) | -2,833.2% | 74.2% | 68.5% | 64.3% | |
| SEEC Media Group Ltd ($205) | 61.7% | 58.4% | 52.0% | 51.6% | |
| Clear Media Ltd ($100) | 38.3% | 40.4% | 41.2% | 43.9% | 44.2% |
| Dahe Media Co Ltd ($8243) | 35.3% | 36.7% | 40.7% | 29.5% | |
| Branding China Group Ltd ($8219) | 39.4% | 33.4% | 27.3% | 29.5% | |
| |
|---|
| Median (7 companies) | 35.3% | 36.7% | 40.7% | 29.5% | 44.2% |
|---|
| Cinderella Media Group Ltd ($550) | 26.3% | 26.7% | 72.1% | 72.8% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Clear Media Ltd ($100) | 41.0% | 40.9% | 41.3% | 44.0% | 43.9% |
| Dahe Media Co Ltd ($8243) | 16.0% | 15.3% | 19.4% | 17.2% | |
| Branding China Group Ltd ($8219) | 30.3% | 26.2% | 18.6% | 17.0% | |
| SinoMedia Holding Ltd ($623) | 27.3% | 30.5% | 24.9% | 16.7% | |
| China Chuanglian Education Group Ltd ($2371) | -2,821.1% | 50.5% | 36.2% | 7.7% | |
| |
|---|
| Median (8 companies) | 19.3% | 26.3% | 20.1% | 12.2% | 43.9% |
|---|
| Cinderella Media Group Ltd ($550) | 18.2% | 18.3% | 43.6% | 10.3% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Clear Media Ltd ($100) | 0.6% | 0.5% | 0.6% | 28.0% | 19.0% |
| China Chuanglian Education Group Ltd ($2371) | 1.2% | 5.0% | 0.7% | 14.2% | |
| Roadshow Holdings Ltd ($888) | 2.1% | 2.8% | 1.5% | 3.8% | |
| Asiaray Media Group Ltd ($1993) | 6.1% | 3.0% | 2.2% | 1.7% | |
| SEEC Media Group Ltd ($205) | 0.9% | 0.4% | 1.1% | 1.3% | |
| |
|---|
| Median (8 companies) | 1.0% | 1.7% | 1.2% | 1.5% | 19.0% |
|---|
| Cinderella Media Group Ltd ($550) | 1.5% | 5.1% | 6.8% | 2.7% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Clear Media Ltd ($100) | 9.2% | 10.8% | 12.4% | 14.4% | 14.9% |
| Branding China Group Ltd ($8219) | 29.0% | 23.6% | 13.7% | 12.0% | |
| SinoMedia Holding Ltd ($623) | 34.8% | 33.8% | 20.8% | 9.6% | |
| Dahe Media Co Ltd ($8243) | 6.9% | 5.3% | 6.9% | 6.8% | |
| China Chuanglian Education Group Ltd ($2371) | -171.2% | 12.3% | 1.9% | -1.4% | |
| |
|---|
| Median (8 companies) | 11.8% | 14.4% | 12.1% | 2.7% | 14.9% |
|---|
| Cinderella Media Group Ltd ($550) | 24.6% | 6.7% | 2.3% | 2.7% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Dahe Media Co Ltd ($8243) | 1.3x | 1.7x | 2.3x | 3.0x | |
| Clear Media Ltd ($100) | -2.1x | -1.3x | -1.4x | -0.9x | -0.7x |
| SinoMedia Holding Ltd ($623) | -3.2x | -2.0x | -1.6x | -1.9x | |
| Branding China Group Ltd ($8219) | -1.8x | -1.4x | -1.6x | -2.7x | |
| Asiaray Media Group Ltd ($1993) | -0.8x | -0.3x | -0.1x | -18.9x | |
| |
|---|
| Median (6 companies) | -1.6x | -1.0x | -1.6x | -2.3x | -0.7x |
|---|
| Cinderella Media Group Ltd ($550) | -1.1x | -3.1x | -5.5x | -14.1x | |
