Anton Oilfield Services Group/Hong Kong reports 17.2 pp EBITDA Margin decline from 17.2% to in 2016 in 2016
27/03/2017 • About Anton Oilfield Services Group/Hong Kong (
$3337) • By InTwits
Anton Oilfield Services Group/Hong Kong reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Anton Oilfield Services Group/Hong Kong ($3337) key annual financial indicators
| mln. CNY | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 2,005 | 2,534 | 2,071 | 1,833 | 1,618 | -11.7% |
| Gross Profit | 901 | 1,123 | 645 | 583 | | -100.0% |
| SG&A | 386 | 441 | 552 | 467 | | -100.0% |
| EBITDA | 491 | 710 | 260 | 315 | | -100.0% |
| Net Income | 303 | 383 | -198 | -195 | -160 | |
Balance Sheet
|
|---|
| Cash | 523 | 1,770 | 760 | 458 | | -100.0% |
| Short Term Debt | 223 | 399 | 993 | 875 | | -100.0% |
| Long Term Debt | 302 | 1,983 | 1,697 | 1,585 | | -100.0% |
Cash flow
|
|---|
| Capex | 253 | 817 | 473 | 175 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 59.2% | 26.4% | -18.2% | -11.5% | -11.7% | |
| EBITDA growth | 110.1% | 44.5% | -63.4% | 21.1% | | |
| Gross Margin | 45.0% | 44.3% | 31.2% | 31.8% | | -31.8% |
| EBITDA Margin | 24.5% | 28.0% | 12.5% | 17.2% | 0.0% | -17.2% |
| Net Income Margin | 15.1% | 15.1% | -9.6% | -10.6% | -9.9% | 0.7% |
| SG&A, % of revenue | 19.3% | 17.4% | 26.7% | 25.5% | | -25.5% |
| CAPEX, % of revenue | 12.6% | 32.2% | 22.8% | 9.5% | | -9.5% |
| ROIC | 16.7% | 15.3% | 0.8% | 2.0% | | -2.0% |
| ROE | 16.6% | 18.0% | -9.1% | -9.9% | | 9.9% |
| Net Debt/EBITDA | 0.0x | 0.9x | 7.4x | 6.4x | | -6.4x |
Revenue and profitability
Anton Oilfield Services Group/Hong Kong's Revenue dropped on 11.7%.
Net Income marign increased slightly on 0.71 pp from -10.6% to -9.9% in FY2016.
Management team
Pi Zhifeng is a Anton Oilfield Services Group/Hong Kong's CEO. Pi Zhifeng has spent 2 years at the company.
Appendix 1: Peers in Oil&Gas Services
Below you can find Anton Oilfield Services Group/Hong Kong benchmarking vs. other companies in Oil&Gas Services 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 |
|---|
| Hans Energy Co Ltd ($554) | 40.8% | 8.0% | -4.0% | 5.5% | |
| Hilong Holding Ltd ($1623) | | 8.3% | 5.0% | -3.6% | -22.4% |
| Sinopec Engineering Group Co Ltd ($2386) | | 13.1% | 13.3% | -7.8% | -13.5% |
| Petro-King Oilfield Services Ltd ($2178) | | 0.3% | -33.5% | -10.5% | -37.8% |
| CIMC Enric Holdings Ltd ($3899) | | -0.3% | 39.7% | -26.9% | -3.3% |
| |
|---|
| Median (12 companies) | 23.4% | 9.1% | 6.0% | -28.7% | -18.1% |
|---|
| Anton Oilfield Services Group/Hong Kong ($3337) | | 26.4% | -18.2% | -11.5% | -11.7% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Sinopec Kantons Holdings Ltd ($934) | 1.1% | 0.7% | 4.4% | 41.1% | |
| Hilong Holding Ltd ($1623) | 39.5% | 40.3% | 39.6% | 32.6% | |
| TSC Group Holdings Ltd ($206) | 30.7% | 31.6% | 27.8% | 27.9% | |
| Jutal Offshore Oil Services Ltd ($3303) | 21.7% | 25.1% | 19.6% | 19.6% | |
| CIMC Enric Holdings Ltd ($3899) | 19.5% | 20.4% | 18.8% | 18.6% | |
| |
|---|
| Median (9 companies) | 14.3% | 14.7% | 12.7% | 18.6% | 1.5% |
|---|
| Anton Oilfield Services Group/Hong Kong ($3337) | 45.0% | 44.3% | 31.2% | 31.8% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Sinopec Kantons Holdings Ltd ($934) | 1.5% | 0.9% | 6.6% | 63.8% | |
| Hans Energy Co Ltd ($554) | 40.4% | 45.0% | 42.8% | 42.7% | |
| China Oilfield Services Ltd ($2883) | 39.8% | 40.0% | 37.0% | 25.2% | -46.7% |
| Hilong Holding Ltd ($1623) | 25.9% | 27.8% | 28.8% | 22.7% | |
| CIMC Enric Holdings Ltd ($3899) | 13.1% | 14.0% | 12.5% | 10.6% | |
| |
|---|
| Median (12 companies) | 12.4% | 14.0% | 11.0% | 8.6% | -22.9% |
|---|
| Anton Oilfield Services Group/Hong Kong ($3337) | 24.5% | 28.0% | 12.5% | 17.2% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Oilfield Services Ltd ($2883) | 16.5% | 30.9% | 29.8% | 25.3% | 14.2% |
| SPT Energy Group Inc ($1251) | 7.4% | 5.6% | 7.9% | 23.5% | |
| Sinopec Kantons Holdings Ltd ($934) | 0.8% | 1.7% | 6.7% | 15.8% | |
| Petro-King Oilfield Services Ltd ($2178) | 13.3% | 13.3% | 75.4% | 12.3% | |
| Hilong Holding Ltd ($1623) | 16.7% | 18.9% | 48.1% | 9.6% | |
| |
|---|
| Median (12 companies) | 6.4% | 5.2% | 6.3% | 7.2% | 7.2% |
|---|
| Anton Oilfield Services Group/Hong Kong ($3337) | 12.6% | 32.2% | 22.8% | 9.5% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Sinopec Engineering Group Co Ltd ($2386) | 77.5% | 33.3% | 18.6% | 15.3% | 7.8% |
| CIMC Enric Holdings Ltd ($3899) | 20.3% | 20.0% | 21.3% | 8.9% | |
| Hilong Holding Ltd ($1623) | 15.5% | 14.8% | 12.0% | 6.0% | |
| Sinopec Kantons Holdings Ltd ($934) | 3.5% | 0.4% | 6.0% | 5.0% | |
| Yuan Heng Gas Holdings Ltd ($332) | -59.8% | -0.0% | 25.6% | 3.9% | -0.4% |
| |
|---|
| Median (12 companies) | 7.8% | 10.1% | 10.2% | 1.8% | -0.4% |
|---|
| Anton Oilfield Services Group/Hong Kong ($3337) | 16.7% | 15.3% | 0.8% | 2.0% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Hans Energy Co Ltd ($554) | 14.0x | 11.9x | 12.9x | 11.3x | |
| Yuan Heng Gas Holdings Ltd ($332) | | | 2.7x | 8.9x | 18.1x |
| China Oilfield Services Ltd ($2883) | 2.7x | 1.9x | 1.8x | 3.9x | |
| Hilong Holding Ltd ($1623) | 0.9x | 1.1x | 2.6x | 3.3x | |
| Sinopec Kantons Holdings Ltd ($934) | -7.1x | -7.4x | 2.5x | 2.2x | |
| |
|---|
| Median (10 companies) | 0.1x | -0.4x | 1.8x | 2.1x | 18.1x |
|---|
| Anton Oilfield Services Group/Hong Kong ($3337) | 0.0x | 0.9x | 7.4x | 6.4x | |
