China Vanadium Titano - Magnetite Mining Co Ltd revenue surged on 255%
27/03/2017 • About China Vanadium Titano - Magnetite Mining Co Ltd (
$893) • By InTwits
China Vanadium Titano - Magnetite Mining Co 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. -162.9% in FY2015 vs. 47.9% in FY2012.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
China Vanadium Titano - Magnetite Mining Co Ltd ($893) key annual financial indicators
| mln. CNY | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 1,534 | 1,430 | 649 | 516 | 1,833 | 255.0% |
| Gross Profit | 734 | 505 | -13 | -23 | | |
| SG&A | 164 | 203 | 229 | 251 | | -100.0% |
| EBITDA | 735 | 494 | -299 | -841 | | |
| Net Income | 434 | 179 | -366 | -1,106 | -774 | |
Balance Sheet
|
|---|
| Cash | 175 | 1,295 | 531 | 188 | | -100.0% |
| Short Term Debt | 467 | 512 | 975 | 818 | | -100.0% |
| Long Term Debt | 79 | 51 | 25 | 0 | | |
Cash flow
|
|---|
| Capex | 136 | 150 | 132 | 124 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -10.5% | -6.8% | -54.6% | -20.4% | 255.0% | |
| EBITDA growth | -16.4% | -32.7% | -160.5% | 181.1% | | |
| Gross Margin | 47.9% | 35.3% | -2.0% | -4.5% | | 4.5% |
| EBITDA Margin | 47.9% | 34.6% | -46.1% | -162.9% | 0.0% | 162.9% |
| Net Income Margin | 28.3% | 12.5% | -56.4% | -214.1% | -42.2% | 171.9% |
| SG&A, % of revenue | 10.7% | 14.2% | 35.2% | 48.7% | | -48.7% |
| CAPEX, % of revenue | 8.9% | 10.5% | 20.4% | 24.1% | | -24.1% |
| ROIC | 15.2% | 7.5% | -11.3% | -24.7% | | 24.7% |
| ROE | 13.2% | 5.2% | -10.8% | -41.8% | | 41.8% |
| Net Debt/EBITDA | 0.5x | -1.5x | | | | 0.0x |
Revenue and profitability
China Vanadium Titano - Magnetite Mining Co Ltd's Revenue jumped on 255%.
Net Income marign jumped on 172 pp from -214% to -42.2% in FY2016.
Appendix 1: Peers in Iron/Steel
Below we provide China Vanadium Titano - Magnetite Mining Co Ltd benchmarking against other companies in Iron/Steel industry for the last 5 years. We show data for the top-5 companies by key financial metric together with the median value for all the companies in the industry.
Top companies by Revenue growth, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| CAA Resources Ltd ($2112) | | 103.2% | 38.0% | 261.2% | 125.5% |
| Newton Resources Ltd ($1231) | | | -41.6% | 170.9% | |
| Fosun International Ltd ($656) | -8.9% | -1.4% | 21.0% | 27.6% | |
| Wanguo International Mining Group Ltd ($3939) | -1.0% | -11.0% | -16.2% | 0.7% | |
| Da Ming International Holdings Ltd ($1090) | | 29.3% | 29.8% | -8.1% | 13.7% |
| |
|---|
| Median (19 companies) | -10.4% | 0.6% | -1.7% | -21.1% | 14.6% |
|---|
| China Vanadium Titano - Magnetite Mining Co Ltd ($893) | | -6.8% | -54.6% | -20.4% | 255.0% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Newton Resources Ltd ($1231) | | -223.7% | 15.7% | 37.5% | |
| Wanguo International Mining Group Ltd ($3939) | 47.4% | 50.7% | 39.6% | 29.2% | |
| China Metal International Holdings Inc ($319) | 20.9% | 24.3% | 24.8% | 25.5% | |
| China Hanking Holdings Ltd ($3788) | 53.6% | 54.4% | 35.1% | 23.8% | |
| Fosun International Ltd ($656) | 18.0% | 20.3% | 23.7% | 22.4% | |
| |
|---|
| Median (19 companies) | 14.8% | 12.7% | 12.9% | 11.4% | 9.4% |
|---|
| China Vanadium Titano - Magnetite Mining Co Ltd ($893) | 47.9% | 35.3% | -2.0% | -4.5% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Wanguo International Mining Group Ltd ($3939) | 39.7% | 36.2% | 31.3% | 26.7% | |
| Fosun International Ltd ($656) | 16.7% | 23.0% | 20.9% | 22.2% | |
| China Metal International Holdings Inc ($319) | 19.7% | 21.3% | 21.0% | 22.0% | |
| Xingda International Holdings Ltd ($1899) | 17.3% | 22.2% | 19.1% | 13.6% | |
| Tiangong International Co Ltd ($826) | 25.1% | 25.8% | 19.3% | 11.6% | |
| |
|---|
| Median (19 companies) | 12.6% | 11.7% | 8.1% | 2.1% | 3,240.6% |
|---|
| China Vanadium Titano - Magnetite Mining Co Ltd ($893) | 47.9% | 34.6% | -46.1% | -162.9% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Newton Resources Ltd ($1231) | | 926.9% | 1,395.7% | 197.0% | |
| Vale SA ($6210) | 34.0% | 28.1% | 29.8% | 34.5% | 18.3% |
| China Hanking Holdings Ltd ($3788) | 38.0% | 35.7% | 20.2% | 30.5% | |
| Pan Asia Mining Ltd ($8173) | 1.5% | 0.4% | 2.4% | 24.4% | 7.6% |
| Xiwang Special Steel Co Ltd ($1266) | 22.6% | 31.5% | 21.5% | 22.9% | |
| |
|---|
| Median (19 companies) | 8.4% | 10.9% | 6.4% | 7.2% | 12.9% |
|---|
| China Vanadium Titano - Magnetite Mining Co Ltd ($893) | 8.9% | 10.5% | 20.4% | 24.1% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| China Metal International Holdings Inc ($319) | 11.0% | 12.0% | 12.7% | 11.4% | |
| Wanguo International Mining Group Ltd ($3939) | 38.4% | 24.4% | 15.0% | 11.1% | |
| Golik Holdings Ltd ($1118) | 7.0% | 7.4% | 10.0% | 10.8% | |
| CAA Resources Ltd ($2112) | 69.2% | 33.5% | 2.2% | 6.9% | |
| Fosun International Ltd ($656) | 6.1% | 7.9% | 6.8% | 6.9% | |
| |
|---|
| Median (19 companies) | 6.2% | 7.9% | 5.0% | -3.0% | 33.9% |
|---|
| China Vanadium Titano - Magnetite Mining Co Ltd ($893) | 15.2% | 7.5% | -11.3% | -24.7% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Angang Steel Co Ltd ($347) | 21.4x | 4.0x | 4.3x | 29.1x | |
| China Hanking Holdings Ltd ($3788) | 0.4x | 2.5x | 4.7x | 27.3x | |
| Tiangong International Co Ltd ($826) | 2.5x | 3.0x | 3.2x | 6.9x | |
| Fosun International Ltd ($656) | 4.4x | 4.8x | 5.5x | 4.4x | |
| China Oriental Group Co Ltd ($581) | 4.6x | 5.3x | 4.5x | 3.3x | |
| |
|---|
| Median (11 companies) | 2.3x | 3.0x | 3.0x | 2.1x | 4.2x |
|---|
