Greatview Aseptic Packaging Co Ltd EBITDA Margin dropped on 23.4 pp from 23.4% to in 2016
27/03/2017 • About Greatview Aseptic Packaging Co Ltd (
$468) • By InTwits
Greatview Aseptic Packaging 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.
Greatview Aseptic Packaging Co Ltd ($468) key annual financial indicators
| mln. CNY | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 1,744 | 2,160 | 2,232 | 2,219 | 2,169 | -2.2% |
| Gross Profit | 550 | 579 | 545 | 618 | | -100.0% |
| SG&A | 190 | 214 | 205 | 226 | | -100.0% |
| EBITDA | 452 | 498 | 482 | 519 | | -100.0% |
| Net Income | 315 | 317 | 280 | 317 | 334 | 5.4% |
Balance Sheet
|
|---|
| Cash | 295 | 295 | 490 | 268 | | -100.0% |
| Short Term Debt | 150 | 177 | 336 | 87 | | -100.0% |
| Long Term Debt | 0 | 0 | 0 | 0 | | |
Cash flow
|
|---|
| Capex | 275 | 208 | 161 | 122 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 10.8% | 23.8% | 3.3% | -0.6% | -2.2% | |
| EBITDA growth | 19.1% | 10.3% | -3.4% | 7.8% | | |
| Gross Margin | 31.6% | 26.8% | 24.4% | 27.8% | | -27.8% |
| EBITDA Margin | 25.9% | 23.1% | 21.6% | 23.4% | 0.0% | -23.4% |
| Net Income Margin | 18.1% | 14.7% | 12.5% | 14.3% | 15.4% | 1.1% |
| SG&A, % of revenue | 10.9% | 9.9% | 9.2% | 10.2% | | -10.2% |
| CAPEX, % of revenue | 15.8% | 9.6% | 7.2% | 5.5% | | -5.5% |
| ROIC | 20.2% | 18.9% | 15.7% | 17.7% | | -17.7% |
| ROE | 18.0% | 16.0% | 13.2% | 14.6% | | -14.6% |
| Net Debt/EBITDA | -0.3x | -0.2x | -0.3x | -0.3x | | 0.3x |
Revenue and profitability
The company's Revenue decreased on 2.2%.
Net Income marign increased slightly on 1.1 pp from 14.3% to 15.4% in FY2016.
Appendix 1: Peers in Packaging&Containers
Below you can find Greatview Aseptic Packaging 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) | 2.1% | 5.0% | 0.7% | 3.0% | 4.2% |
|---|
| Greatview Aseptic Packaging Co Ltd ($468) | | 23.8% | 3.3% | -0.6% | -2.2% |
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% | 19.8% | 21.7% | 21.8% | 22.2% |
|---|
| Greatview Aseptic Packaging Co Ltd ($468) | 31.6% | 26.8% | 24.4% | 27.8% | |
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% | |
| 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% | |
| Jin Cai Holdings Co Ltd ($1250) | 33.2% | 26.1% | 27.6% | 19.8% | |
| |
|---|
| Median (19 companies) | 11.9% | 13.8% | 12.2% | 11.0% | 16.3% |
|---|
| Greatview Aseptic Packaging Co Ltd ($468) | 25.9% | 23.1% | 21.6% | 23.4% | |
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% |
|---|
| Greatview Aseptic Packaging Co Ltd ($468) | 15.8% | 9.6% | 7.2% | 5.5% | |
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% |
| 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% |
| Overseas Chinese Town Asia Holdings Ltd ($3366) | 8.1% | 6.4% | 4.9% | 8.0% | |
| |
|---|
| Median (19 companies) | 7.7% | 6.4% | 5.4% | 4.4% | 12.0% |
|---|
| Greatview Aseptic Packaging Co Ltd ($468) | 20.2% | 18.9% | 15.7% | 17.7% | |
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 |
| Zhengye International Holdings Co Ltd ($3363) | 6.2x | 6.4x | 7.8x | 5.5x | |
| 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 |
| |
|---|
| Median (16 companies) | 1.2x | 0.9x | 0.7x | 2.2x | 0.8x |
|---|
| Greatview Aseptic Packaging Co Ltd ($468) | -0.3x | -0.2x | -0.3x | -0.3x | |
