ELL Environmental Holdings Ltd Net Income dropped on 73.8%
24/03/2017 • About ELL Environmental Holdings Ltd (
$1395) • By InTwits
ELL Environmental Holdings 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.
ELL Environmental Holdings Ltd ($1395) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 46.9 | 65.1 | 85.2 | 145.5 | 100.3 | -31.0% |
| Gross Profit | 36.5 | 49.3 | 48.0 | 50.4 | | -100.0% |
| SG&A | | | 30.8 | 18.3 | | -100.0% |
| EBITDA | 34.2 | 45.7 | 17.6 | 35.3 | | -100.0% |
| Net Income | 25.5 | 32.3 | 9.3 | 39.5 | 10.3 | -73.8% |
Balance Sheet
|
|---|
| Cash | 29.6 | 75.6 | 49.0 | 63.1 | | -100.0% |
| Short Term Debt | 24.9 | 17.6 | 12.7 | 32.9 | | -100.0% |
| Long Term Debt | 0.0 | 0.0 | 5.6 | 2.3 | | -100.0% |
Cash flow
|
|---|
| Capex | 0.5 | 1.4 | 0.8 | 0.1 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 5.3% | 38.8% | 30.9% | 70.8% | -31.0% | |
| EBITDA growth | 8.5% | 33.6% | -61.5% | 100.4% | | |
| Gross Margin | 77.9% | 75.8% | 56.3% | 34.7% | | -34.7% |
| EBITDA Margin | 73.0% | 70.2% | 20.7% | 24.2% | 0.0% | -24.2% |
| Net Income Margin | 54.4% | 49.6% | 10.9% | 27.2% | 10.3% | -16.8% |
| SG&A, % of revenue | | | 36.2% | 12.6% | | -12.6% |
| CAPEX, % of revenue | 1.0% | 2.2% | 0.9% | 0.1% | | -0.1% |
| ROIC | 17.5% | 18.1% | 4.9% | 6.9% | | -6.9% |
| ROE | 18.9% | 19.2% | 3.5% | 9.6% | | -9.6% |
| Net Debt/EBITDA | -0.1x | -1.3x | -1.7x | -0.8x | | 0.8x |
Revenue and profitability
ELL Environmental Holdings Ltd's Revenue dropped on 31.0%.
Net Income marign dropped on 16.8 pp from 27.2% to 10.3% in FY2016.
Appendix 1: Peers in Environmental Control
Below we provide ELL Environmental Holdings 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% | |
| Ozner Water International Holding Ltd ($2014) | 183.9% | 38.5% | 27.2% | 45.7% | |
| China Everbright International Ltd ($257) | | 56.0% | 19.5% | 34.3% | 63.7% |
| |
|---|
| Median (24 companies) | 7.1% | 18.1% | 20.7% | 3.1% | 50.2% |
|---|
| ELL Environmental Holdings Ltd ($1395) | | 38.8% | 30.9% | 70.8% | -31.0% |
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) | 33.2% | 30.5% | 31.3% | 32.7% | 25.8% |
|---|
| ELL Environmental Holdings Ltd ($1395) | 77.9% | 75.8% | 56.3% | 34.7% | |
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% | 10.8% | 3.1% | 13.1% | -10.1% |
|---|
| ELL Environmental Holdings Ltd ($1395) | 73.0% | 70.2% | 20.7% | 24.2% | |
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% |
|---|
| ELL Environmental Holdings Ltd ($1395) | 1.0% | 2.2% | 0.9% | 0.1% | |
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% | -2.1% |
|---|
| ELL Environmental Holdings Ltd ($1395) | 17.5% | 18.1% | 4.9% | 6.9% | |
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 |
| Dynagreen Environmental Protection Group Co Ltd ($1330) | 3.2x | | | 3.2x | |
| 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 |
| |
|---|
| Median (15 companies) | 2.3x | 0.4x | 1.5x | 1.8x | 3.0x |
|---|
| ELL Environmental Holdings Ltd ($1395) | -0.1x | -1.3x | -1.7x | -0.8x | |
