Pine Technology Holdings Ltd reports 34.5% revenue decline in FY2020
29/09/2020 • About Pine Technology Holdings Ltd (
$1079) • By InTwits
Pine Technology Holdings Ltd reported FY2020 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Pine Technology Holdings Ltd is a company in decline: FY2020 revenue growth was -34.5%, 5 years revenue CAGR was -8.4%
- EBITDA Margin is declining: in FY2020 vs. -24.5% in FY2019 vs. -3.4% in FY2016
- Pine Technology Holdings Ltd spends a lot for Stock Based Compensation (SBC): average SBC/Revenue for FY2016-FY2020 is 0.0%. Average EBITDA Margin for the same period was -6.1%
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Pine Technology Holdings Ltd's Revenue dropped on 34.5%.
Net Income margin increased on 7.4 pp from -23.2% to -15.8% in FY2020.
Financial and operational results
Pine Technology Holdings Ltd ($1079) key annual financial indicators| mln. $ | 2016 | 2017 | 2018 | 2019 | 2020 | 2020/2019 |
|---|
P&L
|
|---|
| Revenue | 155.5 | 230.9 | 282.2 | 167.1 | 109.4 | -34.5% |
| Gross Profit | 6.6 | 10.6 | 9.1 | -16.4 | | |
| SG&A | 13.1 | 13.8 | 16.3 | 17.9 | | |
| EBITDA | -5.2 | -3.9 | -7.6 | -41.0 | | |
| Net Income | -6.4 | -4.8 | -8.2 | -38.7 | -17.3 | |
Balance Sheet
|
|---|
| Cash | 5.9 | 7.1 | 8.7 | 6.8 | | |
| Short Term Debt | 25.5 | 16.7 | 13.3 | 6.9 | | |
| Long Term Debt | 0.0 | 0.0 | 0.0 | 0.0 | | |
Cash flow
|
|---|
| Capex | 0.1 | 0.4 | 1.1 | 0.4 | | |
Ratios
|
|---|
| Revenue growth | -8.3% | 48.5% | 22.2% | -40.8% | -34.5% | |
| EBITDA growth | 86.4% | -26.3% | 97.3% | 438.7% | | |
|
|---|
| Gross Margin | 4.3% | 4.6% | 3.2% | -9.8% | | |
| EBITDA Margin | -3.4% | -1.7% | -2.7% | -24.5% | |
| SG&A, % of revenue | 8.4% | 6.0% | 5.8% | 10.7% | | |
| Net Income Margin | -4.1% | -2.1% | -2.9% | -23.2% | -15.8% | 7.4% |
| CAPEX, % of revenue | 0.1% | 0.2% | 0.4% | 0.2% | | |
|
|---|
| ROIC | -6.9% | -5.6% | -10.9% | -61.9% | | |
| ROE | -10.3% | -8.4% | -14.2% | -72.0% | | |
Peers in Electronics
Below you can find Pine Technology Holdings Ltd benchmarking vs. other companies in Electronics 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.
