Blue Coast Hotels revenue increased on 3.4% in 2015
31-05-2015 • About Blue Coast Hotels (
$BLUECOAST) • By InTwits
Blue Coast Hotels reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts: EBITDA Margin is declining: in FY2015 vs. in FY2014 vs. 31.3% in FY2011.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Blue Coast Hotels ($BLUECOAST) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 905 | 1,012 | 974 | 1,031 | 1,067 | 3.4% |
| EBITDA | 283 | 325 | 306 | | | |
| Net Income | -32 | -105 | -76 | -182 | -198 | |
Balance Sheet
|
|---|
| Cash | 445 | 29 | 30 | | | |
| Short Term Debt | 392 | 418 | 93 | | | |
| Long Term Debt | 2,239 | 2,291 | 1,450 | | | |
Cash flow
|
|---|
| Capex | 247 | 387 | | | | |
Ratios
|
|---|
| Revenue growth | -22.5% | 11.9% | -3.8% | 5.9% | 3.4% | |
| EBITDA growth | 1.3% | 14.9% | -5.8% | | | |
| EBITDA Margin | 31.3% | 32.1% | 31.5% | 0.0% | 0.0% | 0.0% |
| Net Income Margin | -3.5% | -10.4% | -7.8% | -17.7% | -18.6% | -0.9% |
| CAPEX, % of revenue | 27.3% | 38.2% | | | | 0.0% |
| ROIC | 4.1% | 4.4% | 4.7% | | | 0.0% |
| ROE | -3.6% | -13.1% | -10.7% | | | 0.0% |
| Net Debt/EBITDA | 7.7x | 8.2x | 4.9x | | | 0.0x |
Revenue and profitability
Blue Coast Hotels's Revenue increased on 3.4% in FY2015.
Net Income marign decreased slightly on 0.90 pp from -17.7% to -18.6% in FY2015.
Appendix 1: Peers in Hotels
Below we provide Blue Coast Hotels benchmarking against other companies in Hotels 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 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Asian Hotels (West) ($AHLWEST) | | 0.8% | -0.2% | 3.1% | 96.5% |
| Sterling Holiday Resorts (India) ($STERLINH) | | 69.9% | 50.6% | 21.3% | 26.2% |
| Royale Manor Hotels & Industries ($RAYALEMA) | | 0.9% | 2.2% | 5.5% | 18.9% |
| The Byke Hospitality ($THEBYKE) | | 47.6% | 105.7% | 54.3% | 16.5% |
| Eih ($EIHOTEL) | | 12.4% | 4.4% | 5.3% | 7.9% |
| |
|---|
| Median (14 companies) | -45.1% | 15.5% | 12.7% | 5.5% | 4.0% |
|---|
| Blue Coast Hotels ($BLUECOAST) | | 11.9% | -3.8% | 5.9% | 3.4% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Jindal Hotels ($JINDHOT) | | | | | 37.6% |
| Benares Hotels ($BENARAS) | | | | | 33.6% |
| Fomento Resorts & Hotels ($FOMEHOT) | | | | | 27.9% |
| Advani Hotels & Resorts (India) ($ADVANIHOTR) | | | | | 25.9% |
| Asian Hotels (East) ($AHLEAST) | 30.8% | 31.5% | 23.7% | 21.8% | 23.5% |
| |
|---|
| Median (20 companies) | 25.3% | 21.7% | 22.6% | 20.3% | 20.0% |
|---|
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Asian Hotels (North) ($ASIANHOTNR) | 60.3% | 30.8% | 60.2% | 37.2% | 36.1% |
| Sayaji Hotels ($SAYAJIHOTL) | 7.5% | 18.9% | 17.5% | 12.4% | 30.3% |
| Mahindra Holidays & Resorts India ($MHRIL) | 20.4% | 26.0% | 26.5% | 15.4% | 18.0% |
| Eih ($EIHOTEL) | 18.9% | 13.6% | 12.0% | 7.1% | 9.0% |
| Oriental Hotels ($ORIENTHOT) | 31.7% | 24.3% | 17.7% | 13.1% | 7.5% |
| |
|---|
| Median (11 companies) | 20.4% | 26.0% | 17.7% | 10.5% | 4.9% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| The Byke Hospitality ($THEBYKE) | 6.0% | 5.3% | 14.5% | 22.6% | 24.1% |
| Advani Hotels & Resorts (India) ($ADVANIHOTR) | | | | | 15.9% |
| Eih ($EIHOTEL) | 4.5% | 5.5% | 4.5% | 5.8% | 6.3% |
| Mahindra Holidays & Resorts India ($MHRIL) | 20.1% | 13.4% | 22.2% | 16.3% | 6.3% |
| Oriental Hotels ($ORIENTHOT) | 8.1% | 6.4% | 4.3% | 2.7% | 3.8% |
| |
|---|
| Median (27 companies) | 7.9% | 5.9% | 5.0% | 2.8% | 2.3% |
|---|
| Blue Coast Hotels ($BLUECOAST) | 4.1% | 4.4% | 4.7% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Hotel Leelaventure ($HOTELEELA) | 23.9x | 62.5x | 40.2x | 33.5x | 46.7x |
| Asian Hotels (North) ($ASIANHOTNR) | 9.1x | 28.4x | 11.0x | 15.4x | 24.8x |
| Asian Hotels (East) ($AHLEAST) | -0.1x | -0.0x | 9.8x | 8.9x | 7.1x |
| Oriental Hotels ($ORIENTHOT) | 3.4x | 4.3x | 4.6x | 6.0x | 5.5x |
| Tgb Banquets And Hotels ($TGBHOTELS) | 4.6x | 3.7x | 3.0x | 2.7x | 4.0x |
| |
|---|
| Median (19 companies) | 1.8x | 1.8x | 2.0x | 1.0x | 0.3x |
|---|
