Dragonite International Ltd reports 1,448% Net Income decline in 2016
26/03/2017 • About Dragonite International Ltd (
$329) • By InTwits
Dragonite International Ltd reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Dragonite International Ltd is a company in decline: FY2016 revenue growth was -88.4%, 5 years revenue CAGR was -32.4%
- EBITDA Margin is relatively stable: in FY2016 vs. -103.9% in FY2015 vs. -275.1% in FY2012
- Dragonite International 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 -183.1%0
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Dragonite International Ltd ($329) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 17.787 | 20.195 | 33.272 | 24.375 | 2.816 | -88.4% |
| Gross Profit | 5.772 | 7.517 | 11.536 | 1.994 | | -100.0% |
| SG&A | 28.254 | 26.762 | 95.404 | 31.180 | | -100.0% |
| EBITDA | -48.939 | -19.178 | -86.868 | -25.316 | | |
| Net Income | -66.080 | 568.164 | 321.665 | 33.369 | -449.897 | -1,448.2% |
Balance Sheet
|
|---|
| Cash | 34.881 | 37.614 | 83.697 | 180.342 | | -100.0% |
| Short Term Debt | 25.676 | 0.000 | 0.000 | 10.000 | | -100.0% |
| Long Term Debt | 0.000 | 0.000 | 0.000 | 0.000 | | |
Cash flow
|
|---|
| Capex | 4.948 | 3.899 | 6.342 | 0.392 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -10.5% | 13.5% | 64.8% | -26.7% | -88.4% | |
| EBITDA growth | -39.9% | -60.8% | 353.0% | -70.9% | | |
| Gross Margin | 32.5% | 37.2% | 34.7% | 8.2% | | -8.2% |
| EBITDA Margin | -275.1% | -95.0% | -261.1% | -103.9% | 0.0% | 103.9% |
| Net Income Margin | -371.5% | 2,813.4% | 966.8% | 136.9% | -15,976.5% | -16,113.4% |
| SG&A, % of revenue | 158.8% | 132.5% | 286.7% | 127.9% | | -127.9% |
| CAPEX, % of revenue | 27.8% | 19.3% | 19.1% | 1.6% | | -1.6% |
| ROIC | -10.9% | -2.8% | -9.1% | -3.2% | | 3.2% |
| ROE | -24.2% | 87.7% | 35.6% | 3.9% | | -3.9% |
Revenue and profitability
Dragonite International Ltd's Revenue dropped on 88.4%.
Net Income marign dropped on 16,113 pp from 137% to -15,976% in FY2016.
Appendix 1: Peers in Pharmaceuticals
Below you can find Dragonite International Ltd benchmarking vs. other companies in Pharmaceuticals 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 Health Group Inc ($8225) | | -48.0% | -60.1% | 244.1% | -1.2% |
| Wai Yuen Tong Medicine Holdings Ltd ($897) | | 45.9% | -10.5% | 105.6% | 40.9% |
| Oriental Unicorn Agricultural Group Ltd ($8120) | | -78.1% | 16.8% | 100.8% | 6.9% |
| China Traditional Chinese Medicine Co Ltd ($570) | | 35.2% | 90.0% | 40.0% | 76.1% |
| RM Group Holdings Ltd ($8185) | | 4.6% | -16.0% | 34.2% | -16.6% |
| |
|---|
| Median (41 companies) | 13.1% | 11.8% | 14.7% | 4.0% | 8.7% |
|---|
| Dragonite International Ltd ($329) | | 13.5% | 64.8% | -26.7% | -88.4% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Luye Pharma Group Ltd ($2186) | 83.5% | 83.6% | 81.0% | 81.4% | |
| Consun Pharmaceutical Group Ltd ($1681) | 75.7% | 79.1% | 78.3% | 80.7% | |
| Jilin Province Huinan Changlong Bio-pharmacy Co Ltd ($8049) | 82.0% | 81.5% | 80.9% | 79.9% | |
| RM Group Holdings Ltd ($8185) | 79.6% | 78.8% | 76.6% | 77.7% | 77.4% |
| Sino Biopharmaceutical Ltd ($1177) | 78.5% | 77.5% | 76.4% | 77.7% | 79.2% |
| |
|---|
| Median (40 companies) | 42.5% | 41.1% | 52.2% | 50.0% | 52.5% |
|---|
| Dragonite International Ltd ($329) | 32.5% | 37.2% | 34.7% | 8.2% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Northeast Tiger Pharmaceutical Corp Ltd ($8197) | 193.8% | 205,840.0% | -15,344.8% | 49,650.0% | 26.0% |
| Sihuan Pharmaceutical Holdings Group Ltd ($460) | 38.8% | 65.4% | 70.9% | 93.3% | |
| Hua Han Bio-Pharmaceutical Holdings Ltd ($587) | 60.6% | 21.0% | 28.8% | 61.1% | |
| U-Home Group Holdings Ltd ($2327) | 9.8% | -16.6% | -46.7% | 51.7% | |
| Beijing Tong Ren Tang Chinese Medicine Co Ltd ($8138) | 41.3% | 45.4% | 47.5% | 49.1% | 50.9% |
| |
|---|
| Median (41 companies) | 20.7% | 20.6% | 21.4% | 21.0% | 11.9% |
|---|
| Dragonite International Ltd ($329) | -275.1% | -95.0% | -261.1% | -103.9% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Hao Wen Holdings Ltd ($8019) | 30.0% | 2.3% | 38.2% | 44.8% | |
| Hua Han Bio-Pharmaceutical Holdings Ltd ($587) | 0.9% | 1.4% | 7.6% | 40.5% | |
| Lee's Pharmaceutical Holdings Ltd ($950) | 18.6% | 20.9% | 7.1% | 26.1% | |
| Tianda Pharmaceuticals Ltd ($455) | 6.0% | 3.9% | 10.5% | 24.4% | 22.9% |
| Lijun International Pharmaceutical Holding Co Ltd ($2005) | 16.8% | 52.4% | 39.6% | 18.7% | |
| |
|---|
| Median (40 companies) | 8.2% | 8.1% | 7.4% | 4.6% | 4.0% |
|---|
| Dragonite International Ltd ($329) | 27.8% | 19.3% | 19.1% | 1.6% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Sino Biopharmaceutical Ltd ($1177) | 26.2% | 26.8% | 26.5% | 26.2% | 24.3% |
| Beijing Tong Ren Tang Chinese Medicine Co Ltd ($8138) | 25.3% | 27.5% | 23.8% | 25.9% | 25.1% |
| Sihuan Pharmaceutical Holdings Group Ltd ($460) | 13.7% | 18.3% | 22.0% | 25.4% | |
| Dawnrays Pharmaceutical Holdings Ltd ($2348) | 12.6% | 14.0% | 17.8% | 23.5% | |
| Lee's Pharmaceutical Holdings Ltd ($950) | 26.1% | 22.0% | 22.4% | 22.7% | |
| |
|---|
| Median (42 companies) | 12.3% | 9.3% | 11.1% | 10.9% | 6.4% |
|---|
| Dragonite International Ltd ($329) | -10.9% | -2.8% | -9.1% | -3.2% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Northeast Tiger Pharmaceutical Corp Ltd ($8197) | 2.3x | 3.7x | | 22.2x | -5.1x |
| U-Home Group Holdings Ltd ($2327) | 10.1x | | | 9.9x | |
| Lansen Pharmaceutical Holdings Ltd ($503) | 1.7x | 2.8x | 3.4x | 4.7x | |
| China Grand Pharmaceutical and Healthcare Holdings Ltd ($512) | 5.4x | 4.0x | 3.4x | 4.3x | |
| United Laboratories International Holdings Ltd/The ($3933) | 6.5x | 4.6x | 4.2x | 4.0x | |
| |
|---|
| Median (35 companies) | -0.4x | -0.4x | -0.6x | -0.4x | -1.3x |
|---|
