CCT Fortis Holdings Ltd reports 47.2% revenue growth in FY2016
27/03/2017 • About CCT Fortis Holdings Ltd (
$138) • By InTwits
CCT Fortis Holdings Ltd reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts:
- CCT Fortis Holdings Ltd motivates its personel by high Stock Based Compensation (SBC): average SBC/Revenue for FY2012-FY2016 was 0.0%. On average EBITDA Margin was -12.1% for the sames years0
- It operates with medium-size leverage: Net Debt/EBITDA is 4.3x while industry average is 4.2x
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
CCT Fortis Holdings Ltd ($138) key annual financial indicators
| mln. HKD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 1,544 | 690 | 198 | 608 | 895 | 47.2% |
| Gross Profit | 81 | 309 | -31 | 355 | | -100.0% |
| SG&A | 183 | 128 | 79 | 120 | | -100.0% |
| EBITDA | -15 | 255 | -570 | -146 | | |
| Net Income | -31 | 232 | 358 | 369 | 303 | -17.9% |
Balance Sheet
|
|---|
| Cash | 459 | 643 | 122 | 355 | | -100.0% |
| Short Term Debt | 507 | 811 | 470 | 443 | | -100.0% |
| Long Term Debt | 522 | 452 | 612 | 527 | | -100.0% |
Cash flow
|
|---|
| Capex | 190 | 219 | 37 | 72 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -24.1% | -55.3% | -71.3% | 207.1% | 47.2% | |
| EBITDA growth | -88.2% | -1,800.0% | -323.5% | -74.4% | | |
| Gross Margin | 5.2% | 44.8% | -15.7% | 58.4% | | -58.4% |
| EBITDA Margin | -1.0% | 37.0% | -287.9% | -24.0% | 0.0% | 24.0% |
| Net Income Margin | -2.0% | 33.6% | 180.8% | 60.7% | 33.9% | -26.8% |
| SG&A, % of revenue | 11.9% | 18.6% | 39.9% | 19.7% | | -19.7% |
| CAPEX, % of revenue | 12.3% | 31.7% | 18.7% | 11.8% | | -11.8% |
| ROIC | -2.8% | 5.6% | -17.3% | -4.5% | | 4.5% |
| ROE | -1.7% | 12.0% | 15.6% | 13.6% | | -13.6% |
| Net Debt/EBITDA | | 2.4x | | | | 0.0x |
Revenue and profitability
CCT Fortis Holdings Ltd's Revenue jumped on 47.2%.
Net Income marign dropped on 26.8 pp from 60.7% to 33.9% in FY2016.
Appendix 1: Peers in Telecommunications
Below you can find CCT Fortis Holdings Ltd benchmarking vs. other companies in Telecommunications 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 |
|---|
| Hong Kong Television Network Ltd ($1137) | | 107.4% | -82.2% | 8,010.0% | 65.8% |
| Hanny Holdings Ltd ($275) | | 131.2% | -85.2% | 349.3% | -78.5% |
| Xi'an Haitian Antenna Technologies Co Ltd ($8227) | | -45.9% | -56.2% | 111.6% | 55.3% |
| China Trends Holdings Ltd ($8171) | | -70.2% | -16.7% | 106.0% | -22.7% |
| Synertone Communication Corp ($1613) | | -47.0% | 50.8% | 89.0% | -67.7% |
| |
|---|
| Median (53 companies) | 13.1% | 11.3% | 9.7% | 4.3% | -2.5% |
|---|
| CCT Fortis Holdings Ltd ($138) | | -55.3% | -71.3% | 207.1% | 47.2% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| HKBN Ltd ($1310) | | 84.3% | 86.5% | 86.9% | 83.8% |
| Netel Technology Holdings Ltd ($8256) | 27.9% | 42.1% | 54.9% | 72.3% | 73.1% |
| Great World Co Holdings Ltd ($8003) | -11.0% | 43.0% | 45.5% | 67.9% | 42.0% |
| APT Satellite Holdings Ltd ($1045) | 58.7% | 64.1% | 62.5% | 61.0% | |
| Cisco Systems Inc ($4333) | 61.2% | 60.6% | 58.9% | 60.4% | 62.9% |
| |
|---|
| Median (50 companies) | 25.5% | 24.1% | 26.1% | 22.3% | 35.6% |
|---|
| CCT Fortis Holdings Ltd ($138) | 5.2% | 44.8% | -15.7% | 58.4% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Asia Satellite Telecommunications Holdings Ltd ($1135) | 86.5% | 85.8% | 81.6% | 82.4% | 81.5% |
| APT Satellite Holdings Ltd ($1045) | 81.0% | 78.9% | 77.5% | 78.8% | |
| Synertone Communication Corp ($1613) | 44.9% | 48.5% | 49.4% | 51.5% | -77.6% |
| HKBN Ltd ($1310) | | 39.2% | 40.1% | 39.0% | 35.2% |
| HKT Trust & HKT Ltd ($6823) | 36.3% | 35.0% | 35.9% | 34.9% | 37.2% |
| |
|---|
| Median (53 companies) | 7.6% | 5.5% | 5.9% | 9.1% | 8.9% |
|---|
| CCT Fortis Holdings Ltd ($138) | -1.0% | 37.0% | -287.9% | -24.0% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| APT Satellite Holdings Ltd ($1045) | 74.3% | 2.5% | 27.2% | 115.8% | |
| Hong Kong Television Network Ltd ($1137) | 12,435.9% | 504.9% | 1,283.5% | 79.4% | |
| Asia Satellite Telecommunications Holdings Ltd ($1135) | 93.8% | 71.7% | 75.0% | 52.8% | |
| China Fiber Optic Network System Group Ltd ($3777) | 4.8% | 16.3% | 13.1% | 31.9% | |
| Directel Holdings Ltd ($8337) | 2.1% | 0.1% | 0.6% | 30.2% | |
| |
|---|
| Median (53 companies) | 2.1% | 2.9% | 2.7% | 2.6% | 8.4% |
|---|
| CCT Fortis Holdings Ltd ($138) | 12.3% | 31.7% | 18.7% | 11.8% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Telecom Service One Holdings Ltd ($8145) | 95.0% | 5.4% | 26.7% | 39.8% | 37.4% |
| VTech Holdings Ltd ($303) | 37.6% | 39.5% | 40.0% | 39.8% | 37.9% |
| Coolpad Group Ltd ($2369) | 8.1% | 6.0% | 9.6% | 29.1% | |
| Telecom Digital Holdings Ltd ($8336) | | 13.3% | 20.2% | 18.9% | 16.7% |
| SmarTone Telecommunications Holdings Ltd ($315) | 37.2% | 23.1% | 12.8% | 17.7% | 14.5% |
| |
|---|
| Median (54 companies) | 7.7% | 6.0% | 6.2% | 5.9% | 5.2% |
|---|
| CCT Fortis Holdings Ltd ($138) | -2.8% | 5.6% | -17.3% | -4.5% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| CCT Land Holdings Ltd ($261) | 10.1x | 23.8x | 48.4x | 44.8x | |
| China Energine International Holdings Ltd ($1185) | | | 13.3x | 31.7x | |
| China Ground Source Energy Industry Group Ltd ($8128) | -1.6x | 3.5x | 14.3x | 11.3x | |
| China Electronics Corp Holdings Co Ltd ($85) | -2.0x | -1.3x | 12.5x | 7.6x | |
| China All Access Holdings Ltd ($633) | 0.9x | 1.8x | 5.2x | 5.6x | |
| |
|---|
| Median (39 companies) | -0.2x | 0.6x | 0.6x | 0.6x | 1.7x |
|---|
