Zhengye International Holdings Co Ltd revenue growth accelerated from 5.5% in FY2015 to 14.7% in FY2016
26/03/2017 • About Zhengye International Holdings Co Ltd (
$3363) • By InTwits
Zhengye International Holdings Co 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.
Zhengye International Holdings Co Ltd ($3363) key annual financial indicators
| mln. CNY | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 1,242 | 1,446 | 1,714 | 1,808 | 2,074 | 14.7% |
| Gross Profit | 259 | 272 | 292 | 344 | | -100.0% |
| SG&A | 135 | 161 | 180 | 185 | | -100.0% |
| EBITDA | 127 | 130 | 152 | 209 | | -100.0% |
| Net Income | 51 | 35 | 39 | 41 | 92 | 122.8% |
Balance Sheet
|
|---|
| Cash | 122 | 128 | 42 | 59 | | -100.0% |
| Short Term Debt | 865 | 926 | 992 | 997 | | -100.0% |
| Long Term Debt | 49 | 32 | 236 | 206 | | -100.0% |
Cash flow
|
|---|
| Capex | 136 | 74 | 110 | 98 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 6.8% | 16.4% | 18.6% | 5.5% | 14.7% | |
| EBITDA growth | 5.9% | 2.5% | 16.5% | 37.8% | | |
| Gross Margin | 20.9% | 18.8% | 17.0% | 19.0% | | -19.0% |
| EBITDA Margin | 10.2% | 9.0% | 8.9% | 11.6% | 0.0% | -11.6% |
| Net Income Margin | 4.1% | 2.4% | 2.3% | 2.3% | 4.4% | 2.1% |
| SG&A, % of revenue | 10.9% | 11.1% | 10.5% | 10.2% | | -10.2% |
| CAPEX, % of revenue | 11.0% | 5.1% | 6.4% | 5.4% | | -5.4% |
| ROIC | 7.7% | 6.2% | 5.4% | 6.8% | | -6.8% |
| ROE | 10.6% | 6.9% | 7.4% | 7.2% | | -7.2% |
| Net Debt/EBITDA | 6.2x | 6.4x | 7.8x | 5.5x | | -5.5x |
Revenue and profitability
The company's Revenue jumped on 14.7%.
Net Income marign increased on 2.1 pp from 2.3% to 4.4% in FY2016.
Appendix 1: Peers in Packaging&Containers
Below you can find Zhengye International Holdings Co Ltd benchmarking vs. other companies in Packaging&Containers 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 |
|---|
| Overseas Chinese Town Asia Holdings Ltd ($3366) | 34.9% | 17.5% | -6.5% | 69.5% | |
| Hao Tian Development Group Ltd ($474) | | | | 51.0% | 113.4% |
| Jin Cai Holdings Co Ltd ($1250) | 2.1% | -6.3% | -3.1% | 40.8% | |
| Huaxi Holdings Co Ltd ($1689) | | 5.0% | -5.1% | 12.5% | -15.3% |
| Huajun Holdings Ltd ($377) | | 3.3% | 3.4% | 10.4% | 73.2% |
| |
|---|
| Median (19 companies) | 2.9% | 5.0% | 0.7% | 2.9% | 4.1% |
|---|
| Zhengye International Holdings Co Ltd ($3363) | | 16.4% | 18.6% | 5.5% | 14.7% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Jin Cai Holdings Co Ltd ($1250) | 36.6% | 39.1% | 37.7% | 44.7% | |
| Huaxi Holdings Co Ltd ($1689) | 19.0% | 28.2% | 40.9% | 37.5% | 37.3% |
| China For You Group Co Ltd ($572) | 12.4% | | 34.6% | 31.9% | |
| Overseas Chinese Town Asia Holdings Ltd ($3366) | 34.3% | 36.5% | 32.8% | 31.4% | |
| Kith Holdings Ltd ($1201) | 30.8% | 31.9% | 31.4% | 30.5% | |
| |
|---|
| Median (18 companies) | 19.0% | 20.7% | 23.4% | 22.3% | 22.2% |
|---|
| Zhengye International Holdings Co Ltd ($3363) | 20.9% | 18.8% | 17.0% | 19.0% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Huaxi Holdings Co Ltd ($1689) | 14.5% | 21.2% | 27.1% | 29.1% | 25.7% |
| Overseas Chinese Town Asia Holdings Ltd ($3366) | 27.9% | 30.7% | 27.4% | 26.3% | |
| Greatview Aseptic Packaging Co Ltd ($468) | 25.9% | 23.1% | 21.6% | 23.4% | |
| Lee & Man Paper Manufacturing Ltd ($2314) | 14.6% | 17.2% | 18.7% | 21.6% | 23.7% |
| Kith Holdings Ltd ($1201) | 21.6% | 19.4% | 20.1% | 20.5% | |
| |
|---|
| Median (19 companies) | 14.5% | 15.6% | 13.2% | 11.0% | 16.3% |
|---|
| Zhengye International Holdings Co Ltd ($3363) | 10.2% | 9.0% | 8.9% | 11.6% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Jin Cai Holdings Co Ltd ($1250) | 0.0% | 0.0% | 3.0% | 122.3% | |
| Sheen Tai Holdings Grp Co Ltd ($1335) | 3.7% | 1.2% | 3.1% | 42.2% | |
| Hao Tian Development Group Ltd ($474) | 81.6% | | 13.0% | 25.4% | 4.3% |
| Lee & Man Paper Manufacturing Ltd ($2314) | 19.7% | 13.7% | 13.1% | 17.1% | |
| Kith Holdings Ltd ($1201) | 3.7% | 4.8% | 3.3% | 13.3% | |
| |
|---|
| Median (19 companies) | 5.2% | 4.4% | 4.1% | 5.5% | 4.0% |
|---|
| Zhengye International Holdings Co Ltd ($3363) | 11.0% | 5.1% | 6.4% | 5.4% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Huaxi Holdings Co Ltd ($1689) | 21.4% | 28.5% | 26.2% | 23.6% | 16.6% |
| Greatview Aseptic Packaging Co Ltd ($468) | 20.2% | 18.9% | 15.7% | 17.7% | |
| China Aluminum Cans Holdings Ltd ($6898) | 19.7% | 14.6% | 20.2% | 17.1% | 20.8% |
| Kith Holdings Ltd ($1201) | 6.9% | 5.6% | 7.8% | 12.2% | |
| Lee & Man Paper Manufacturing Ltd ($2314) | 7.2% | 8.7% | 8.0% | 9.2% | 10.6% |
| |
|---|
| Median (19 companies) | 8.1% | 7.0% | 7.3% | 4.4% | 12.0% |
|---|
| Zhengye International Holdings Co Ltd ($3363) | 7.7% | 6.2% | 5.4% | 6.8% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Sino Haijing Holdings Ltd ($1106) | 6.4x | 6.1x | 6.2x | 10.1x | |
| Huajun Holdings Ltd ($377) | 0.0x | 0.3x | 0.7x | 9.9x | 19.9x |
| Overseas Chinese Town Asia Holdings Ltd ($3366) | 9.4x | 6.7x | 7.4x | 4.4x | |
| Jin Bao Bao Holdings Ltd ($1239) | -1.7x | -1.7x | -1.2x | 4.2x | 0.8x |
| Come Sure Group Holdings Ltd ($794) | 3.6x | 4.1x | 3.8x | 3.4x | 401.3x |
| |
|---|
| Median (16 companies) | 1.0x | 0.6x | 0.5x | 1.3x | 0.8x |
|---|
| Zhengye International Holdings Co Ltd ($3363) | 6.2x | 6.4x | 7.8x | 5.5x | |
