Kaisun Energy Group Ltd revenue surged on 88.6%
26/03/2017 • About Kaisun Energy Group Ltd (
$8203) • By InTwits
Kaisun Energy Group Ltd reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts:
- EBITDA Margin is declining: in FY2016 vs. -575.8% in FY2015 vs. -22.2% in FY2012
- Kaisun Energy Group 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 -56.8%0
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Kaisun Energy Group Ltd ($8203) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 583.2 | 266.2 | 36.9 | 18.7 | 35.2 | 88.6% |
| Gross Profit | -45.7 | -33.2 | -18.0 | -4.5 | | |
| SG&A | 111.0 | | 214.4 | 131.1 | | -100.0% |
| EBITDA | -129.6 | -136.7 | -160.4 | -107.5 | | |
| Net Income | -174.2 | -167.9 | -201.5 | -91.1 | -13.4 | |
Balance Sheet
|
|---|
| Cash | 200.4 | 74.6 | 54.6 | 103.6 | | -100.0% |
| Short Term Debt | 0.0 | 0.0 | 0.0 | 0.0 | | |
| Long Term Debt | 119.9 | 0.0 | 0.0 | 0.0 | | |
Cash flow
|
|---|
| Capex | 45.6 | 3.1 | 0.7 | 1.1 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 9,525.9% | -54.4% | -86.1% | -49.4% | 88.6% | |
| EBITDA growth | 257.9% | 5.5% | 17.3% | -33.0% | | |
| Gross Margin | -7.8% | -12.5% | -48.8% | -24.2% | | 24.2% |
| EBITDA Margin | -22.2% | -51.4% | -434.9% | -575.8% | 0.0% | 575.8% |
| Net Income Margin | -29.9% | -63.1% | -546.3% | -487.7% | -38.1% | 449.6% |
| SG&A, % of revenue | 19.0% | | 581.3% | 702.0% | | -702.0% |
| CAPEX, % of revenue | 7.8% | 1.2% | 1.8% | 5.8% | | -5.8% |
| ROIC | -15.4% | -23.9% | -46.8% | -38.8% | | 38.8% |
| ROE | -23.6% | -29.7% | -53.2% | -31.2% | | 31.2% |
Revenue and profitability
The company's Revenue surged on 88.6%.
Net Income marign surged on 450 pp from -488% to -38.1% in FY2016.
Appendix 1: Peers in Coal
Below you can find Kaisun Energy Group Ltd benchmarking vs. other companies in Coal 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 |
|---|
| Sino Resources Group Ltd ($223) | | -44.8% | 14.7% | 354.5% | 0.4% |
| Asia Coal Ltd ($835) | | -15.3% | 43.2% | 133.6% | -60.1% |
| Dowell Property Holdings Ltd ($668) | -19.2% | -55.7% | -35.8% | 83.2% | |
| Capital Finance Holdings Ltd ($8239) | | -5.2% | -5.5% | 70.6% | -27.2% |
| Up Energy Development Group Ltd ($307) | | | | 60.5% | |
| |
|---|
| Median (22 companies) | -19.2% | -7.8% | -5.5% | -19.5% | -8.0% |
|---|
| Kaisun Energy Group Ltd ($8203) | | -54.4% | -86.1% | -49.4% | 88.6% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Capital Finance Holdings Ltd ($8239) | 6.4% | 7.2% | 8.7% | 98.2% | |
| Nan Nan Resources Enterprise Ltd ($1229) | 23.9% | 17.6% | 18.1% | 44.3% | 41.0% |
| Agritrade Resources Ltd ($1131) | 22.9% | 29.4% | 31.8% | 30.0% | 30.9% |
| Shougang Fushan Resources Group Ltd ($639) | 63.5% | 50.9% | 40.1% | 24.5% | |
| Inner Mongolia Yitai Coal Co Ltd ($3948) | 35.2% | 33.7% | 27.4% | 19.2% | |
| |
|---|
| Median (21 companies) | 20.0% | 17.5% | 10.2% | 3.0% | 7.1% |
|---|
| Kaisun Energy Group Ltd ($8203) | -7.8% | -12.5% | -48.8% | -24.2% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Capital Finance Holdings Ltd ($8239) | -27.2% | -23.7% | -56.2% | 71.5% | |
| Nan Nan Resources Enterprise Ltd ($1229) | 19.1% | 14.1% | -0.2% | 40.5% | 24.1% |
| Agritrade Resources Ltd ($1131) | 41.6% | 37.3% | 33.4% | 31.1% | 56.3% |
| Feishang Anthracite Resources Ltd ($1738) | -13.1% | -32.9% | 19.0% | 15.9% | |
| Kinetic Mines and Energy Ltd ($1277) | -277.0% | -51.9% | 29.3% | 15.8% | |
| |
|---|
| Median (22 companies) | 1.5% | -0.8% | -7.5% | -16.2% | 4.1% |
|---|
| Kaisun Energy Group Ltd ($8203) | -22.2% | -51.4% | -434.9% | -575.8% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Siberian Mining Group Co Ltd ($1142) | 4.6% | 78.8% | 217.3% | 279.7% | 23.0% |
| Feishang Anthracite Resources Ltd ($1738) | 244.9% | 159.7% | 80.9% | 90.2% | |
| Up Energy Development Group Ltd ($307) | | | 279.5% | 75.2% | |
| King Stone Energy Group Ltd ($663) | 58.5% | 135.3% | 205.7% | 69.3% | |
| SouthGobi Resources Ltd ($1878) | 124.8% | 20.2% | 11.5% | 52.6% | |
| |
|---|
| Median (20 companies) | 14.9% | 26.3% | 20.6% | 20.3% | 11.2% |
|---|
| Kaisun Energy Group Ltd ($8203) | 7.8% | 1.2% | 1.8% | 5.8% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Capital Finance Holdings Ltd ($8239) | -25.1% | -14.9% | -26.9% | 21.0% | |
| Nan Nan Resources Enterprise Ltd ($1229) | 6.4% | 1.6% | -1.2% | 10.0% | 1.5% |
| Agritrade Resources Ltd ($1131) | 2.7% | 5.8% | 6.4% | 6.9% | 9.4% |
| Kinetic Mines and Energy Ltd ($1277) | -6.6% | -5.7% | 8.5% | 3.2% | |
| Inner Mongolia Yitai Coal Co Ltd ($3948) | 28.5% | 15.2% | 8.5% | 2.0% | |
| |
|---|
| Median (22 companies) | -2.0% | -0.4% | -3.5% | -4.8% | -2.5% |
|---|
| Kaisun Energy Group Ltd ($8203) | -15.4% | -23.9% | -46.8% | -38.8% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Feishang Anthracite Resources Ltd ($1738) | | | 24.3x | 32.6x | |
| China Coal Energy Co Ltd ($1898) | 1.9x | 4.9x | 9.7x | 14.4x | 7.2x |
| Inner Mongolia Yitai Coal Co Ltd ($3948) | 0.4x | 1.7x | 3.5x | 9.8x | |
| Yanzhou Coal Mining Co Ltd ($1171) | 2.9x | 6.2x | 4.9x | 9.0x | |
| Kinetic Mines and Energy Ltd ($1277) | | | 4.5x | 5.9x | |
| |
|---|
| Median (8 companies) | 2.9x | 4.7x | 4.7x | 7.5x | 4.0x |
|---|
