Shengli Oil & Gas Pipe Holdings Ltd revenue jumped on 59.9%
26/03/2017 • About Shengli Oil & Gas Pipe Holdings Ltd (
$1080) • By InTwits
Shengli Oil & Gas Pipe Holdings 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. -7.7% in FY2015 vs. 7.3% in FY2012.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Shengli Oil & Gas Pipe Holdings Ltd ($1080) key annual financial indicators
| mln. CNY | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 1,921 | 2,557 | 2,009 | 1,954 | 3,125 | 59.9% |
| Gross Profit | 71 | 86 | 27 | 38 | | -100.0% |
| SG&A | 107 | 128 | 139 | 231 | | -100.0% |
| EBITDA | 140 | 154 | -63 | -151 | | |
| Net Income | 63 | 18 | -219 | -302 | -210 | |
Balance Sheet
|
|---|
| Cash | 166 | 203 | 216 | 394 | | -100.0% |
| Short Term Debt | 988 | 1,476 | 982 | 1,045 | | -100.0% |
| Long Term Debt | 0 | 84 | 83 | 55 | | -100.0% |
Cash flow
|
|---|
| Capex | 444 | 226 | 96 | 48 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 5.4% | 33.1% | -21.4% | -2.7% | 59.9% | |
| EBITDA growth | 9.0% | 10.0% | -141.1% | 138.9% | | |
| Gross Margin | 3.7% | 3.4% | 1.3% | 2.0% | | -2.0% |
| EBITDA Margin | 7.3% | 6.0% | -3.2% | -7.7% | 0.0% | 7.7% |
| Net Income Margin | 3.3% | 0.7% | -10.9% | -15.5% | -6.7% | 8.7% |
| SG&A, % of revenue | 5.6% | 5.0% | 6.9% | 11.8% | | -11.8% |
| CAPEX, % of revenue | 23.1% | 8.8% | 4.8% | 2.5% | | -2.5% |
| ROIC | 2.5% | 2.0% | -4.3% | -8.5% | | 8.5% |
| ROE | 3.1% | 0.9% | -10.9% | -16.7% | | 16.7% |
| Net Debt/EBITDA | 5.9x | 8.8x | | | | 0.0x |
Revenue and profitability
Shengli Oil & Gas Pipe Holdings Ltd's Revenue jumped on 59.9%.
Net Income marign increased on 8.7 pp from -15.5% to -6.7% in FY2016.
Appendix 1: Peers in Metal Fabricate/Hardware
Below you can find Shengli Oil & Gas Pipe Holdings Ltd benchmarking vs. other companies in Metal Fabricate/Hardware 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 |
|---|
| EVA Precision Industrial Holdings Ltd ($838) | 19.7% | 12.2% | 30.1% | 2.3% | |
| China Zhongwang Holdings Ltd ($1333) | | 6.0% | 11.6% | 1.3% | 3.2% |
| Ka Shui International Holdings Ltd ($822) | 31.7% | 15.1% | -12.4% | -2.7% | |
| Lung Kee Bermuda Holdings ($255) | | -7.5% | 8.2% | -5.2% | -2.9% |
| Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd ($1938) | 16.3% | -48.4% | 32.2% | -5.2% | |
| |
|---|
| Median (8 companies) | 16.3% | 8.0% | 9.9% | -5.2% | 3.2% |
|---|
| Shengli Oil & Gas Pipe Holdings Ltd ($1080) | | 33.1% | -21.4% | -2.7% | 59.9% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Zhongwang Holdings Ltd ($1333) | 24.2% | 26.8% | 28.0% | 32.9% | |
| EVA Precision Industrial Holdings Ltd ($838) | 21.6% | 24.1% | 26.2% | 26.5% | |
| Ka Shui International Holdings Ltd ($822) | 22.5% | 22.1% | 19.6% | 19.0% | |
| Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd ($1938) | 17.0% | 15.4% | 11.6% | 16.0% | |
| New Times Energy Corp Ltd ($166) | -2.7% | 0.8% | 22.6% | 4.6% | |
| |
|---|
| Median (7 companies) | 17.0% | 15.4% | 19.6% | 16.0% | 12.6% |
|---|
| Shengli Oil & Gas Pipe Holdings Ltd ($1080) | 3.7% | 3.4% | 1.3% | 2.0% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Zhongwang Holdings Ltd ($1333) | 22.3% | 24.3% | 24.2% | 29.1% | |
| Lung Kee Bermuda Holdings ($255) | 15.3% | 14.8% | 11.7% | 15.2% | |
| EVA Precision Industrial Holdings Ltd ($838) | 10.4% | 9.9% | 16.7% | 14.9% | |
| Ka Shui International Holdings Ltd ($822) | 14.3% | 9.5% | 12.0% | 6.1% | |
| Burwill Holdings Ltd ($24) | -0.8% | -0.6% | -0.4% | -1.4% | |
| |
|---|
| Median (8 companies) | 11.7% | 9.7% | 8.4% | 2.4% | 12.0% |
|---|
| Shengli Oil & Gas Pipe Holdings Ltd ($1080) | 7.3% | 6.0% | -3.2% | -7.7% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Zhongwang Holdings Ltd ($1333) | 56.3% | 41.6% | 54.8% | 63.1% | |
| New Times Energy Corp Ltd ($166) | 11.4% | 1.7% | 52.1% | 61.1% | |
| Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd ($1938) | 25.9% | 71.7% | 31.4% | 17.1% | |
| EVA Precision Industrial Holdings Ltd ($838) | 9.2% | 6.3% | 6.3% | 8.0% | |
| Ka Shui International Holdings Ltd ($822) | 9.3% | 7.4% | 11.1% | 6.5% | |
| |
|---|
| Median (8 companies) | 10.3% | 6.8% | 11.0% | 7.3% | |
|---|
| Shengli Oil & Gas Pipe Holdings Ltd ($1080) | 23.1% | 8.8% | 4.8% | 2.5% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Zhongwang Holdings Ltd ($1333) | 9.5% | 8.8% | 7.4% | 6.9% | |
| EVA Precision Industrial Holdings Ltd ($838) | 3.3% | 1.9% | 9.1% | 6.4% | |
| Lung Kee Bermuda Holdings ($255) | 6.7% | 4.9% | 3.2% | 4.8% | |
| Ka Shui International Holdings Ltd ($822) | 14.6% | 7.1% | 7.6% | 0.5% | |
| Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd ($1938) | 8.3% | 0.1% | -2.0% | -2.0% | |
| |
|---|
| Median (8 companies) | 5.0% | 1.8% | 0.8% | -0.8% | 3.3% |
|---|
| Shengli Oil & Gas Pipe Holdings Ltd ($1080) | 2.5% | 2.0% | -4.3% | -8.5% | |
Top companies by Net Debt / EBITDA
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Zhongwang Holdings Ltd ($1333) | 1.3x | 2.6x | 4.1x | 6.2x | |
| Ka Shui International Holdings Ltd ($822) | 0.9x | 1.3x | 1.7x | 3.6x | |
| EVA Precision Industrial Holdings Ltd ($838) | 1.1x | 1.8x | 1.2x | 0.7x | |
| Lung Kee Bermuda Holdings ($255) | -1.5x | -1.6x | -0.9x | -1.4x | |
| |
|---|
| Median (4 companies) | 1.1x | 2.2x | 1.7x | 2.2x | 2.9x |
|---|
