Abc Bearings EBITDA surged on 26.7% and EBITDA Margin increased slightly on 2.0 pp from 13.3% to 15.3%
10-05-2016 • About Abc Bearings (
$ABCBEARS) • By InTwits
Abc Bearings reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Abc Bearings's Revenue surged on 10.3%. Revenue decline was slowing down on average by 7.8 pp per annum in the last 5 years. Despite revenue decline the EBITDA margin expanded. EBITDA Margin increased on 2.8 pp from 6.6% to 9.5% in FY2016. During the last 5 years EBITDA Margin bottomed in FY2014 at 12.1% and was growing since that time.
Net Income margin showed almost no change in FY2016. During the last 5 years Net Income margin bottomed in FY2015 at 2.6%.
Financial and operational results
Abc Bearings ($ABCBEARS) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 1,769 | 1,495 | 1,395 | 1,615 | 1,782 | 10.3% |
| EBITDA | 293 | 193 | 169 | 216 | 273 | 26.7% |
| Net Income | 153 | 53 | 46 | 42 | 55 | 31.1% |
Balance Sheet
|
|---|
| Cash | 10 | 7 | 12 | | | |
| Short Term Debt | 357 | 417 | 220 | | | |
| Long Term Debt | 151 | 261 | 369 | | | |
Cash flow
|
|---|
| Capex | 418 | 426 | | | | |
Ratios
|
|---|
| Revenue growth | -13.0% | -15.5% | -6.6% | 15.7% | 10.3% | |
| EBITDA growth | -36.3% | -34.1% | -12.1% | 27.2% | 26.7% | |
|
|---|
| EBITDA Margin | 16.5% | 12.9% | 12.1% | 13.3% | 15.3% | 2.0% |
| Net Income Margin | 8.7% | 3.5% | 3.3% | 2.6% | 3.1% | 0.5% |
| CAPEX, % of revenue | 23.6% | 28.5% | | | | |
|
|---|
| ROIC | 14.2% | 5.7% | 3.7% | | | |
| ROE | 13.3% | 4.4% | 3.8% | | | |
| Net Debt/EBITDA | 1.7x | 3.5x | 3.4x | 0.0x | 0.0x |
Peers in Industrial Machinery
Below you can find Abc Bearings benchmarking vs. other companies in Industrial Machinery 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 |
|---|
| Lloyd Electric & Engineering ($LLOYDELENG) | - | - | - | 22.3% | 27.3% |
| Kabra Extrusiontechnik ($KABRAEXTRU) | -13.3% | -8.7% | 28.4% | 21.6% | - |
| Akar Tools ($AKARTOOL) | 21.1% | 2.1% | -2.3% | 16.7% | - |
| Honda Siel Power Products ($HONDAPOWER) | 28.1% | 2.4% | 5.0% | 16.5% | - |
| Mazda ($MAZDALTD) | 22.1% | 14.7% | -15.6% | 16.2% | - |
| |
|---|
| Median (27 companies) | 20.1% | 2.2% | 3.0% | 3.3% | -3.3% |
|---|
| Abc Bearings ($ABCBEARS) | - | -15.5% | -6.6% | 15.7% | 10.3% |
Top companies by Gross margin, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Bell Agromachina ($BELAGRO) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| |
|---|
| Median (1 company) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
|---|
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Texmaco Infrastructure & Holdings ($TEXINFRA) | - | - | - | 40.5% | - |
| Dhp India ($DHPIND) | - | - | - | 26.3% | - |
| Shilp Gravures ($SHILGRAVQ) | - | - | - | 19.4% | - |
| Solitaire Machine Tools ($SOLIMAC) | - | - | - | 19.4% | - |
| Wendt (India) ($WENDT) | 28.3% | 21.6% | 18.6% | 19.0% | 16.5% |
| |
|---|
| Median (43 companies) | 11.2% | 9.2% | 10.0% | 10.2% | 11.7% |
|---|
| Abc Bearings ($ABCBEARS) | 16.5% | 12.9% | 12.1% | 13.3% | 15.3% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Texmaco Infrastructure & Holdings ($TEXINFRA) | - | - | - | 14.0% | - |
| Wendt (India) ($WENDT) | 13.5% | 9.0% | 8.8% | 9.4% | 9.3% |
| Ingersoll-Rand (India) ($INGERRAND) | 4.3% | 10.9% | 3.6% | 9.2% | - |
| Kabra Extrusiontechnik ($KABRAEXTRU) | 6.5% | 1.8% | 0.5% | 8.8% | - |
| Forbes & Company ($FORBESCO) | 1.8% | 2.6% | 3.0% | 5.1% | - |
| |
|---|
| Median (22 companies) | 5.6% | 3.8% | 2.9% | 3.2% | 2.4% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Greaves Cotton ($GREAVESCOT) | - | 24.8% | 16.3% | 26.7% | 25.7% |
| Gmm Pfaudler ($GMM) | -76.2% | 6.8% | 17.4% | 18.2% | 16.1% |
| Lakshmi Machine Works ($LAXMIMACH) | 18.0% | 11.7% | 16.2% | 17.6% | - |
| Honda Siel Power Products ($HONDAPOWER) | 16.9% | 8.8% | 11.5% | 15.3% | - |
| Wendt (India) ($WENDT) | 38.2% | 20.2% | 16.2% | 15.1% | 12.6% |
| |
|---|
| Median (52 companies) | 12.8% | 10.9% | 10.2% | 12.5% | 12.6% |
|---|
| Abc Bearings ($ABCBEARS) | 14.2% | 5.7% | 3.7% | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Forbes & Company ($FORBESCO) | 2.2x | 3.3x | 4.7x | 6.3x | - |
| Nitin Fire Protection Industries ($NITINFIRE) | 3.6x | 3.5x | 3.0x | 3.7x | - |
| Elgi Equipments ($ELGIEQUIP) | -1.2x | 2.3x | 2.7x | 3.3x | - |
| Lloyd Electric & Engineering ($LLOYDELENG) | - | - | 3.7x | 3.2x | 2.7x |
| Elecon Engineering Co ($ELECON) | 3.0x | 3.2x | 4.0x | 3.1x | 3.9x |
| |
|---|
| Median (34 companies) | 0.6x | 1.3x | 0.0x | 0.0x | 0.0x |
|---|
| Abc Bearings ($ABCBEARS) | 1.7x | 3.5x | 3.4x | 0.0x | 0.0x |
