SITC International Holdings Co Ltd Net Income dropped on 14.3%
24/03/2017 • About SITC International Holdings Co Ltd (
$1308) • By InTwits
SITC International Holdings 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 5.6x while industry average is 3.3x.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
SITC International Holdings Co Ltd ($1308) key annual financial indicators
| mln. $ | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 1,212 | 1,267 | 1,377 | 1,285 | 1,216 | -5.4% |
| Gross Profit | 142 | 143 | 166 | 182 | | -100.0% |
| SG&A | 61 | 65 | 69 | 74 | | -100.0% |
| EBITDA | 83 | 117 | 139 | 178 | | -100.0% |
| Net Income | 84 | 112 | 121 | 143 | 123 | -14.3% |
Balance Sheet
|
|---|
| Cash | 380 | 431 | 428 | 279 | | -100.0% |
| Short Term Debt | 24 | 56 | 131 | 46 | | -100.0% |
| Long Term Debt | 166 | 265 | 271 | 309 | | -100.0% |
Cash flow
|
|---|
| Capex | 258 | 105 | 102 | 265 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 14.4% | 4.5% | 8.6% | -6.7% | -5.4% | |
| EBITDA growth | 13.8% | 41.9% | 18.2% | 28.3% | | |
| Gross Margin | 11.7% | 11.3% | 12.1% | 14.2% | | -14.2% |
| EBITDA Margin | 6.8% | 9.3% | 10.1% | 13.9% | 0.0% | -13.9% |
| Net Income Margin | 6.9% | 8.9% | 8.8% | 11.2% | 10.1% | -1.1% |
| SG&A, % of revenue | 5.0% | 5.1% | 5.0% | 5.8% | | -5.8% |
| CAPEX, % of revenue | 21.3% | 8.3% | 7.4% | 20.6% | | -20.6% |
| ROIC | 8.2% | 9.1% | 9.1% | 11.2% | | -11.2% |
| ROE | 12.5% | 15.6% | 15.7% | 17.5% | | -17.5% |
| Net Debt/EBITDA | -2.3x | -0.9x | -0.2x | 0.4x | | -0.4x |
Revenue and profitability
SITC International Holdings Co Ltd's Revenue decreased on 5.4%.
Net Income marign decreased slightly on 1.1 pp from 11.2% to 10.1% in FY2016.
Appendix 1: Peers in Transportation
Below you can find SITC International Holdings Co Ltd benchmarking vs. other companies in Transportation 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 |
|---|
| Noble Century Investment Holdings Ltd ($2322) | | | | 2,388.3% | 326.5% |
| China Best Group Holding Ltd ($370) | 202.4% | -53.6% | 459.4% | 25.9% | |
| Changan Minsheng APLL Logistics Co Ltd ($1292) | 10.9% | 27.9% | 15.0% | 13.3% | |
| Kwoon Chung Bus Holdings Ltd ($306) | | 7.9% | 5.5% | 7.9% | 1.1% |
| Guangshen Railway Co Ltd ($525) | 2.7% | 4.7% | -6.9% | 6.9% | |
| |
|---|
| Median (31 companies) | 10.1% | 4.1% | 5.1% | -5.7% | 1.1% |
|---|
| SITC International Holdings Co Ltd ($1308) | | 4.5% | 8.6% | -6.7% | -5.4% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| CIG Yangtze Ports PLC ($8233) | 51.3% | 44.8% | 46.6% | 48.7% | |
| Qinhuangdao Port Co Ltd ($3369) | 43.1% | 42.4% | 43.3% | 40.5% | |
| Kwoon Chung Bus Holdings Ltd ($306) | 18.9% | 20.4% | 22.7% | 26.8% | 27.5% |
| Chu Kong Shipping Enterprise Group Co Ltd ($560) | 23.1% | 25.1% | 24.1% | 23.1% | |
| Tianjin Port Development Holdings Ltd ($3382) | 22.5% | 18.4% | 13.6% | 22.7% | |
| |
|---|
| Median (27 companies) | 13.2% | 10.9% | 10.3% | 11.6% | -1.8% |
|---|
| SITC International Holdings Co Ltd ($1308) | 11.7% | 11.3% | 12.1% | 14.2% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| MTR Corp Ltd ($66) | 42.7% | 37.6% | 45.2% | 41.6% | 34.9% |
| Qinhuangdao Port Co Ltd ($3369) | 46.0% | 44.6% | 46.5% | 41.1% | |
| CIG Yangtze Ports PLC ($8233) | 30.2% | 27.6% | 38.5% | 39.5% | |
| China Shipping Development Co Ltd ($1138) | 12.5% | 3.0% | 24.7% | 26.7% | |
| Kwoon Chung Bus Holdings Ltd ($306) | 13.3% | 16.1% | 20.7% | 26.1% | 25.7% |
| |
|---|
| Median (31 companies) | 9.9% | 6.4% | 7.2% | 6.9% | 4.4% |
|---|
| SITC International Holdings Co Ltd ($1308) | 6.8% | 9.3% | 10.1% | 13.9% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Great Harvest Maeta Group Holdings Ltd ($3683) | 4.0% | 6.1% | 40.7% | 164.7% | 8.7% |
| Frontier Services Group Ltd ($500) | 6.3% | 3.6% | 63.3% | 75.9% | |
| MTR Corp Ltd ($66) | 31.1% | 34.5% | 30.8% | 52.0% | |
| CIG Yangtze Ports PLC ($8233) | 17.8% | 24.8% | 2.1% | 50.7% | |
| Transport International Holdings Ltd ($62) | 7.9% | 16.2% | 16.0% | 26.2% | |
| |
|---|
| Median (31 companies) | 7.7% | 9.0% | 6.8% | 9.0% | 8.7% |
|---|
| SITC International Holdings Co Ltd ($1308) | 21.3% | 8.3% | 7.4% | 20.6% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Changan Minsheng APLL Logistics Co Ltd ($1292) | 21.1% | 20.9% | 19.1% | 19.3% | |
| Kwoon Chung Bus Holdings Ltd ($306) | 3.6% | 5.7% | 9.2% | 14.6% | 12.4% |
| CIG Yangtze Ports PLC ($8233) | 4.9% | 5.7% | 11.0% | 11.1% | |
| On Time Logistics Holdings Ltd ($6123) | 15.6% | 15.5% | 16.7% | 11.1% | |
| Kerry Logistics Network Ltd ($636) | 12.0% | 13.4% | 10.5% | 10.9% | |
| |
|---|
| Median (31 companies) | 3.3% | 2.8% | 3.2% | 3.3% | -2.1% |
|---|
| SITC International Holdings Co Ltd ($1308) | 8.2% | 9.1% | 9.1% | 11.2% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Jinhui Holdings Co Ltd ($137) | 5.0x | 4.2x | 17.5x | 19.6x | |
| China Shipping Development Co Ltd ($1138) | 20.2x | 92.8x | 12.8x | 11.4x | |
| China COSCO Holdings Co Ltd ($1919) | | 18.8x | 9.0x | 8.1x | |
| Pacific Basin Shipping Ltd ($2343) | 2.1x | 4.6x | | 4.7x | 12.0x |
| AMS Public Transport Holdings Ltd ($77) | 1.2x | 11.6x | 7.7x | 4.5x | 1.6x |
| |
|---|
| Median (20 companies) | 1.2x | 1.5x | 0.9x | 1.3x | 1.7x |
|---|
| SITC International Holdings Co Ltd ($1308) | -2.3x | -0.9x | -0.2x | 0.4x | |
